As consumers continue to show interest in cannabis products, mass retailers are embracing the products on a limited basis. CVS Pharmacy announced in March 2019 an agreement to sell Curaleaf topical CBD products in 800 of its stores across 10 states, including Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee. Walgreens also announced at the end of March it will sell CBD products in cream, patch, and spray forms in 1,500 of its stores in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois, and Indiana.Continue reading
With the recent OTC industry consolidation and mergers, many seasoned executives have left large OTC companies and moved on to smaller, independent companies where their past experience brings success in a nimbler environment, focused on specific brands and categories. Based on primary research for our soon-to-be published report, OTC Indies: U.S. Analysis of Independent OTC Companies, there are several examples of seasoned OTC executives driving growth at small, independent companies.Continue reading
Governed by a rising demand for personal care products tailored to men’s needs, the male grooming market continues on a growth trajectory, albeit at a slower pace. New product launches, continued subscription box services, aggressive marketing, and rising indies contribute to the growing yet slowing category. Our upcoming Male Grooming Products: U.S. Market Analysis and Opportunities report explores this segment, with robust analysis on trends, brands, product categories, and outlook for the next five years. Its consumer survey chapter takes a deep dive into various triggers and influencers of purchase decisions and identifies the unmet needs of consumers.Continue reading
The global rubber consumption is expected to slow down in the next five to 10 years due to slower tire demand. Since tires are the major consumer of rubber and rubber process oil (RPO), the demand for RPO is expected to grow slower during this period. However, demand for other rubber goods, such as shoes, toys, tubes, hoses, and belts, among others, is expected to grow and drive growth in the RPO market, which is estimated at close to 3.3 million tons globally in 2018.
Cosmoprof Worldwide Bologna 2019, once again, did not disappoint its expected 260,000 visitors from around the world. As always, the hair care industry was in the spotlight. Exhibitors, spread across six halls, had the chance to represent their brands with unique booth designs, new product launches, live shows, and much more. Aside from a few exceptions, manufacturing companies did not have on-the-spot sales, keeping the event focused on business aspects rather than turning it into a shopping event.Continue reading
Wind turbine lubricants play a critical role in wind turbine operation, maintenance, and reliability. In a wind turbine, there are several lubrication points, including gear box, open gear, pitch gear, pitch bearing, rotor shaft, yaw bearing, yaw gear, hydraulic systems, and generator bearings, that require various lubricants.
Factors Driving Growth
The most significant lubricant demand driver is growth in wind power capacity. Although the growth rate was lower in 2017 than in previous years, according to Global Wind Energy Council, it is still much faster than global industrial lubricant demand growth or lubricant demand growth in other end-use industries.Continue reading
One of the most important trends in the beauty industry today is personalization. Device marketers are jumping into the trend and offering a custom-made experience with their product to create a long-lasting relationship. This trend plus others, such as dermal rollers and microneedling, contribute to the strongest growth the U.S. beauty devices market has seen in several years.Continue reading
In Australia, wheat accounts for more than one-fourth of the total value of crops produced in the country. In terms of all agricultural commodities produced nationwide, wheat is second only to cattle.
Interestingly, Australia is a relatively small producer of grain, with its wheat production accounting for around 3% of the annual world production. Due to low domestic consumption, about 70% of Australian wheat is exported. This high export surplus results in Australia being one of the five largest exporters worldwide.Continue reading
The finished lubricants market in Latin America and the Caribbean was negatively affected by the adverse effects of external and internal turbulence, leading to a severe regional economic downturn from 2014 to 2016.
The region entered a new post-recession cycle in 2017 due to the reactivation of commodity production, a key driver of Latin America’s economy. Recovering debt levels, mineral prices, and election results in Brazil and Colombia are also factors; all have significantly contributed to sustaining growth momentum in 2018 and most likely through 2019.Continue reading
The home fragrances industry is expanding beyond candles, reed diffusers, and wax melts to bring customers their favorite candle scents in personal care items. Liquid soap and hand cream are the standard personal care items promoted in correlation with home fragrance scents. To cater to the on-the-go consumer, new formats, such as lush body washes, sugar scrubs, body lotions, bath bombs, body mists, and scented wipes, are among the many personal care items now available. Continue reading