Medicinal Herbs Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030

In March 2020, a significant market demand for traditional medicine was noticed, when a Traditional Chinese Medicine (TCM) hospital suggested the use of herbs to combat coronavirus. AVA, co-owner of Medimix, a herbal soap brand, which was once limited to budgeted hotels and railways has witnessed an unprecedented upswing in demand, especially for liquid hand wash which has grown nearly by 25%. The nutraceutical producers, DSM have been continuously working to produce vitamin C to counter market demand across world and has nearly supplied 50 tonnes of vitamin C products to Hubei province, during the February lockdown.

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Liquid Medicinal Herbs Are Expected to Have Higher Growth Opportunities Owing To Rising Demand for Personal Care

Europe is considered to be the hub for personal care and beauty products owing to the presence of a large number of manufacturers. In Europe, nearly ½ of the medicinal herbs demanded were in liquid form owing to higher profit margins and convenience associated with liquid products. Liquid form has high demand from consumers and manufactures of personal care products owing to its feasibility. Owing to the impact of COVID-19, liquid medicinal herbs are expected to grow 3X during the forecast period.

Key Takeaways of Medicinal Herb Market

·         The European market is expected to maintain its dominance in demand for medicinal herbs during 2020-2030. However, South Asian market will grow at a higher CAGR of nearly 10%.

·         Horsetail medicinal herbs are poised to grow at a CAGR of nearly 10.5% owing to its high utilization in haircare during the forecasted period. However, the market of Dandelion will grow by nearly 2.5X by 2030.

·         In China, the absolute $ opportunity for medicinal herb will be pegged at US $800 Mn from 2020-2030.

·         The market for conventional medicinal herbs will grow by nearly 3X through 2030, owing to the focus of key players to cultivate medicinal herbs through conventional methods.

·         In Europe 1/3rd of the demand for medicinal herb is from health supplements and nutritive jams

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Since the last decade, avocado oil has generated interest among consumers owing to technological and nutritional characteristics, which is evidenced by an increasing number of production capacities of manufacturers backed with rigorous research and development for using efficient extraction techniques for avocado oil. Fact.MR reveals that the avocado oil market is expected to grow by an ~ 8% CAGR over the forecast period. This notable growth in the avocado oil market is mainly influenced by the extensive use of avocado in end-use industries, including cosmetics and personal care, medicinal, and others. Moreover, avocado oil is gaining traction in cooking applications, which further fuels the market growth throughout the forecast period. Furthermore, key players operating in the avocado oil market are increasing their business footprint rapidly, which creates lucrative opportunities in the market.

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Fact.MR also found that companies involved in the avocado oil market are rigorously investing in finding efficient extraction methods to increase their production capacity. The global avocado oil market is growing with inorganic growth as majority of the companies are focused on mergers and acquisitions as well as collaborations with farmers to increase their presence and strength in the global market. More than 40% companies in the avocado oil market are focused on increasing their production. Prominent companies are mainly focused on offering their products through online retailers and brick and mortar stores. Product launches have also increased since the last four years in the avocado oil market, and emerging companies are focused on improving their packaging formats to target specific consumers who are willing to try new on-the-shelf retail products. Compared to other end uses, the demand for avocado oil in the retail sector is expected to be more than 70% over the forecast period.

A recent study conducted by Fact.MR reveals that global avocado fruit production has reached five million metric ton, and annual production is expected to increase by nearly 200,000 metric tons. Mexico produces around 1.8 million metric tons of avocado fruit. Countries including Colombia, Peru, Chile, Kenya, and Indonesia are also anticipated to increase their production capacity. The quality and availability of raw materials will surely affect market growth. In the global avocado oil market, extensive availability of raw material will push the market growth to a greater extent.

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In-Transit Concrete Mixer Sales Surge in Line with Growing Trend of Mobile Volumetric Mixers, finds Fact.MR study

According to a new study of Fact.MR, revenues from the concrete mixer market were in excess of 126,800 units in 2018, and are estimated to record a 4% Y-o-Y growth in 2019. Myriad factors influence dynamics of the concrete mixer industry, which range from the customer requirement for equipment with high technical standards and convenient portability, to tightened environmental standards apropos of emissions and recycling of materials.

The study opines that in-transit mixers remain the preferred category among end-users, in light of their ability to both mix and transport concrete around a construction site, particularly in case of remote locations and sites that are far from concrete plants.

The deprivation of clotting, and prevention of concrete balling effect, are key benefits associated with in-transit concrete mixers that continue to sustain their sales. On the contrary, sales of trailer concrete mixers are expected to remain low, tugged by their higher operating and maintenance costs, along with relatively less efficient maneuverability.

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According to the study, a key trend complementing sales of in-transit mixers is growing demand for mobile volumetric concrete mixers that prevent concrete waste entailed by over-ordering.

The volumetric concrete mixers also enable efficient and convenient trips to batch plants, saving on hot loads and various other expenses, and cutting down time of operation. While precision continues to be the key, user-friendly control options of these equipment will continue to attract customer attention and drive sales.

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Continuous Rotary Dryer Sales Surge with Advances Enabling Multiple Operational Functionalities, finds Fact.MR study

According to a new Fact.MR report, global sales of rotary dryers were close to 390 units in 2018, and are estimated to log a 3% Y-o-Y growth in 2019.

A plethora of aspects influence the rotary dryers industry, ranging from efforts of players to develop products with greater thermal efficiency through recycling of exhaust gases, to growing demand from process industries where reliability and lower sensitiveness to fluctuations in product size are key imperatives.

The report opines that continuous rotary dryers will remain preferred among end users, with sales in 2018 estimated at approximately 270 units. Elimination of consecutive drying requirements per material load, involved in batch drying processes, and relevant operational cost, have advocated the adoption of continuous rotary dryers among industries.

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Additionally, advances in continuous rotary dryers such as integration of multiple functions, which range from granulation and coating, to cleaning and classifying, have been favoring the popularity and sales of continuous rotary dryers in recent years.

According to the report, although the drying technologies have been an essential requirement in the manufacturing processes, the industry is closing in on its maturity in terms of application.

However, the proliferation of the medical marijuana industry has been paving opportunities for the manufacturers of industrial dryers, which in turn has rubbed off on the development and adoption of rotary dryers to a significant extent. As the demand for industrial hemp drying equipment continues to surge, the rotary dryers industry will continue to witness a sustained growth.

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The mobile water treatment systems market is estimated to be valued at US$ 1,543.1 Mn in 2020 and add value worth US$ 1,952.0 Mn during the forecast period (2020-2030). The global mobile water treatment systems market is expected to be benefited from rapid development of industrial as well as rural sectors.

In 2016, the US government launched water innovation strategy which emphasizes on the implementation of waste water recycling and advanced desalination techniques in the country. Such developments are expected to play an important role in the mobile water treatment systems market growth.

Additionally, increasing implementation of desalination systems in the Middle East region has given rise to the desalination of water from the GCC countries by using thermal desalination and reverse osmosis to meet the potable water needs for residential as well as industrial applications. However, due to the COVID-19 outbreak, reduce in industrial output has decrease the demand of mobile water treatment systems.

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Key Takeaways of the Mobile Water Treatment Systems Market Study

·         The global mobile water treatment systems market is expected to grow at a value CAGR of 8.9% and expand 2.4Xthrough 2030.

·         Microfiltration system will hold a maximum value share, and it is projected to create an absolute $ opportunity of US$ 726.8 Mn during the forecast period.

·         Industrial use of mobile water treatment systems is expected to grow at a value CAGR of 9.5%, however, lose 178 BPS from its market share by 2030-end.

·         Rental service accounts for nearly three-fifths of the overall mobile water treatment systems market value and the trend is likely to continue through 2030.

·         North America will continue to remain the prominent regional market, accounting for more than 30% share of the global market.

“End-use industries are increasing their investments in temporary water treatment facilities which provide opportunities for companies to deliver uncontaminated water for critical industrial operations. However, as the COVID-19 crisis unfolds, industries have put a halt to their production and operations, thereby causing a slight decline in the mobile water treatment systems market revenue,” concludes the Fact.MR analyst.

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Prepackaged Medical Kits and Trays Market Surging at 8.5% CAGR; COVID-19 Pandemic Crisis Lending Impetus to Market Growth: Fact.MR

Growth rate of the global healthcare industry has been around 7% in recent years, which is expected to increase to over 9% over the next five years. With a growing healthcare industry, including multi-specialty hospitals, clinics, and others, there has been an increase in the number of patients. This also means increased chances of acquiring hospital-associated infections while being treated. In order to minimize these health risks, requirement for disposable products such as prepackaged medical kits and trays, disposable gloves, patient gowns, sterile medical devices, and others is increasing rapidly.

While the COVID-19 pandemic affected production across manufacturing units for a while, contrary to this, there has been surge in demand due to the rush of patients in clinics, ambulatory surgical centers, and others. This has fuelled the growth of the prepackaged medical kits and trays market, and is anticipated to drive the market further over the next few years.

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Key Takeaways from Prepackaged Medical Kits and Trays Market Report

·         Laparoscopic trays will emerge as a dominant segment during the forecast period.

·         In terms of end-user, multi-specialty hospitals will maintain their lead in the global prepackaged medical kits and trays market.

·         North America will continue leading the global prepackaged medical kits and trays market, while Asia Pacific will register the highest growth rate throughout the forecast period.

·         Europe will remain a lucrative market, owing to rise in demand in Germany, France, and other countries in the region.

·         After initial setbacks due to lockdowns, the COVID-19 pandemic is acting as a catalyzer for the growth of the global prepackaged medical kits and trays market.

“Robust demand for disposable products from multi-specialty hospitals is bolstering the growth of the prepackaged medical kits and trays market. The global hospital services market is expanding at a rapid pace of over 8% since 2019, and is expected to reach over US$ 14 trillion in the next five years. This steady growth of a key end-user industry is projected to boost the market value of prepackaged medical kits and trays exponentially over the coming years,” says a Fact.MR analyst.

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Being a part of vast business analytics, only predictive analytics has the ability to provide you with the answers for any upcoming scenarios. Here historical data inclusive of specified rules, algorithms and external data feed concludes the possible future result of any event or state of affairs. Predictive Analytics Consulting is broadly utilized in manufacturing, commerce, healthcare, law enforcement and government projects.

Data is growing drastically with an estimated speed of 2.5 quintillion bytes per day. This data can be in any form, images, text, audio, video and any other source. With this ton of data, this rich source of data makes it easy to predict customer behavior, any emergency, threats, fraud detections, etc. Although only 1% of the data is being utilized for analysis, in the upcoming years, the market of predictive analytics will reach up to 6.5 billion dollars. So, companies can strategically endow themselves and should take benefit of upcoming opportunities or diminish future risks by using Predictive Analytics as an operational tool.

Have you ever heard of these popular application areas of Predictive Analytics?

·         Predicting mouse clicks on a website (To find where or on which link on a website a customer is expected to click)

·         Hollywood studios utilize Predictive Analytics to forecast the success of a screenplay if released.

Here, you will find a complete overview of Predictive Analytics, including the partial crawls, issues in training models, algorithms and crowdsourcing. 

Predictive Analytics makes use of artificial intelligence, machine learning, statistics and data mining to examine and process the historical data, find related patterns, collect details from it and then develop a model to predict future performance and results. The model is a mathematical representation of the actual live process in Predictive analytics. After training the model, the model get’s ready to make future predictions on unobserved data.

For predictive analytics, with the power of forecasting, it also comes the responsibility to provide feasible results. Companies that use predictive analytics in their businesses have to collect very sensitive and private information of their customers to make future predictions and to understand the pattern of customer behavior. They track and capture the online actions of users and take benefit from that information. 

Some companies only work to collect and sell sensitive data of online users to third party people, which put the privacy of individuals at risk. To avoid a data breach, nowadays, most countries have imparted several rules and regulations about the how personal data can be used in Predictive Analytics.  These rules prevent predictions based on color, age, disability, society, family status, gender identity, military status, religion or belief, sex, national origin, sexual orientation, labor union membership, or any other unsuitable factor. Companies cannot discriminate according to these factors to forecast something. There are auditors and other legal personnel who are particularly appointed to make sure that data collected and used is as per moral standards.

Predictive Analytics is fundamentally the process of automating systematic sighting.It is typically used to resolve several real-time problems. Therefore, it becomes crucial that the Predictive Analytics teams are well aware of and can identify and understand the business problems that need a solution. Then the required business objective has to be converted into the model objective.

It is the responsibility of the Domain Expert to clarify and describe the business problems or objectives to the team to collectively work on converting the business objective into the model objective.

Predictive Analytics is a gem in the business industry if it is utilized correctly with real-time information under the projected rules and regulations. If you want to leverage this amazing feature in your business, you can discuss your project with ExistBI's Predictive Analytics Consulting team today. ExistBI has offices in the United States, United Kingdom and Europe.

Amazon Web Services held the first re:Invent seven-year ago, when the first big data products were being released for hierarchical data processing at high scale. Since then, Informatica, AWS and in fact the whole IT industry have experienced intense changes. You can join Informatica Training to get join the detailed discussion about these companies and their IT solutions offerings.

In 2011, Informatica released two big data products dealing with key problems associated with handling data with enhanced scalability. Now in 2019, Informatica provides industry-leading end-to-end data engineering competence that helps generate transformative insights. Informatica’s comprehensive data management solutions include the following capabilities:

·         Discovery

·         Ingestion

·         Integration

·         Streaming

·         Quality

·         Data preparation

Informatica offers original products with this full set of capabilities that are essential in confronting your data challenges. So, whether you are adopting modernization in your business from the data warehouse to Amazon Redshift, creating a cloud data lake on Amazon S3 (Amazon Simple Storage Service) or managing a complicated on-premises and multi-cloud environment, a specific data engineering solution is required to handle overall data flow.

In 2011, Data processing was based on on-premises MapReduce and the processing was done by ripping the petabytes of data into smaller portions and then processing them on Hadoop commodity servers individually. Informatica empowered Spark and Structural Spark in the year 2015 and now delivers multi-cloud server-less processing in 2019.

After understanding the fact that Big Data has the same capabilities as on-premises Hadoop, Informatica has moved its concentration on data management in the cloud with the broadest data engineering solutions.

MapR was the only company that stood competitive at the time of first re:Invent. Today the use of on-premises Hadoop clusters is rapidly vanishing.

AWS had released its cloud-native Hadoop product Amazon EMR seven years ago. And now Amazon EMR is ruling the Hadoop-as-a-Service market and Hadoop in the Cloud is the leading model.

Informatica and AWS have experienced innovation together and anticipate many more years of business together. Various Informatica-AWS customers share their experience of using solutions from AWS and Informatica for transformative business results. Informatica World presentations by Avis Budget Group and Community Technology Alliance revealed that companies like T. Rowe Price, Freddie Mac and Sage present leverage these solutions to confront data challenges.

Every customer has a single challenge in common that is a modernization of the analytics environment, which is the core focus of the AWS-Informatica partnership, and these solutions can bring the most value to these challenges. So whether you’re looking for modernization, commence a departmental supple analytics plan, migrate to the cloud, or replace your data center, you will get a perfect solution for all problems.

It will be exciting to see the future evolution of their partnership and upcoming integrated solutions that will resolve all data challenges seamlessly. Informatica has emerged as one of the leading companies that focused on providing original products to meet the needs of the data users.

To get more details and functionalities of the company and their products, join the Informatica Training to learn how to manage complex data challenges! ExistBI offer onsite or virtual training in the US, UK and Europe.

First, you must understand if you truly need an Airbnb property management company as discussed in the prior article. With the tools available, you can often reduce your time commitment considerably while increasing your income and the guest experience. Seriously, if you haven’t read it, I lay out exactly how I remotely manage all my Airbnb listings, some I’ve never seen in person.

However, some people are not cut out to be an Airbnb host for any number of reasons. There’s nothing wrong with that. In fact, I salute you for knowing yourself. But knowing yourself if just half the battle. Now, you need to find and choose a good Airbnb property management company.

Choosing the wrong Airbnb property management company will cost you time and money. Choosing the right company will save you time and earn you more money.

1.       A year-round impeccably clean home

2.       Professionals handling home maintenance, repairs, and upgrades

3.       Faster respond times to guests (increases conversion rate from inquiry to reservation)

4.       Round the clock on-call emergency contact

5.       Knowledge (how Airbnb works, handling insurance claims, recommendations for trusted smart locks, etc.)

6.       Connections (established and trialed cleaners, maintenance staff, etc.)

7.       Increased occupancy and nightly rate as they should be monitoring this regularly

Choose a few of the below questions to ask based on what’s important to you or what’s lacking from the information you were able to gather from them with your online research. Always dig for more. Ask ‘why’ and ‘how’ often:

·         Do you monitor guest reviews?

·         What is the biggest issue you have with managing all of your properties?

·         What percentage of their existing hosts are Superhosts?

·         How do you handle early check-in and late check-out requests?

·         Will I have my own account or does my listing go on your account?

·         How do you hire cleaners?

·         How do they price your calendar?

·         How long does the average host stay with the company?

·         Who would the guest contact at 11 pm on a Friday night? Or 6 am on a Tuesday morning?

·         Do they use an Airbnb message automation service?

·         What Does An Airbnb Property Management Company Charge?

Let’s assume you found this article after you already hired a bad Airbnb property management company and you want to fire them. First, you need to read the contract.

Next, you want to find what your options are. It’s possible you don’t have many. Finally, you always want to remain on positive terms with the Airbnb property management company. They should be a professional organization.

Foam insulation

Foam insulation is what keeps hot foods, hotter, longer, in delivery bags. It is found between the outer layer of fabric and the inner lining of the bag, acting to reduce heat conduction (the transfer of heat through a solid), with its excellent insulating abilities. We carry insulated food delivery bags with 1″ or 2″ thick insulation within their cores.

Foam insulation can be closed cell or open cell in nature, with closed cell being a better insulator, but significantly more expensive, heavier, and rigid than open cell foam.

Open cell foam is less expensive than closed cell foam, light in weight, and easy to compress, making it ideal for insulating delivery bags in food service applications. Rarely will you find closed cell insulation in an insulated delivery bag.

Types of Foam Insulation

There are three main types of foam insulation used in insulating delivery bags: polyvinyl chloride (PVC), polyurethane (PU), and polyester.

Polyvinyl Chloride (PVC) Foam Insulation

A type of thermoplastic polymer, polyvinyl chloride (PVC) is a durable, cost-effective material. It’s available in hard or soft forms, with soft PVC being the more common form used in insulating delivery bags. Soft PVC is extremely flexible thanks to a higher concentration of plasticizer than hard PVC contains. It’s also resistant to oil, grease, and chemicals, making it ideal for high volume food service applications.

Polyurethane (PU) Foam Insulation

Commonly referred to as PU, polyurethane is a polymer that is considered to be a highly resilient, flexible, and durable material. It’s extremely versatile, and because it’s PVC free, it’s becoming increasingly popular as a foam insulation option.

Polyurethane is breathable thanks to its open cell design, which means it’s also highly resistant to mildew and won’t trap odors. It’s also light weight, making it ideal for food delivery personnel to carry from one location to the next.

We offer polyurethane-insulated food bags and polyurethane-insulated pizza bags.

Polyester Foam Insulation

Polyester foam is a type of polyurethane that features a higher tensile strength than its polyurethane foam counterpart (polyether). This results in a foam that is just as flexible, breathable, and light weight as traditional polyurethane foam, but with superior cut resistance, too.

Insulated Food Delivery Bag Uses

Delivering foods from kitchen to customer can prove to be challenging without the right tools for successful delivery.

Pizzas may get cold before they arrive to their destination, and they may get shuffled around in their pizza boxes.

Cans of soda may get shaken up, sandwiches may deconstruct, and your signature mac-and-cheese may lose its cheese during transport.

This is where insulated food delivery bags come into the picture.