cool-pooja99-blog

[cool-pooja99-blog]

European black tea market was valued at around $5.4 billion in 2018, which is further estimated to reach around $7.9 billion in 2025 at a CAGR of 5.4% during the forecast period. The major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe (RoE) are significantly contributing to the growth of the market. The market in Europe is driven by growing awareness regarding the health benefits associated with tea consumption. Further, growing awareness regarding tea benefits for patients suffering from cardiovascular diseases, and high blood pressure are some of the major factors increasing the demand for tea in the region. 

[cool-pooja99-blog]

The global black tea market is forecast to reach $41.1 billion in 2025 from $28.4 billion in 2018 at a CAGR of 5.4% during the forecast period. Black tea is mainly consumed in Asia-Pacific countries such as India, China and so on. Moreover, in the US, around 85% of the total consumption in the US is black tea. Developed economies, such as in the US, shifting trend of consumers towards premiumization and branded on-the-go beverages have augmented the black tea market. the global production of tea is estimated to grow at around 4.9% on a year-on-year (YoY) basis to reach 8.52 million tons in 2025. According to the Food and Agriculture Organization (FAO), global tea production is dominated by only a handful of countries such as China, India, Kenya, Sri-Lanka, and Turkey. China led the global production volume with more than 40% production capacity, while India stood at second place to contribute around 22% in the global tea production.

[cool-pooja99-blog]

Japan CMOS image sensors market is estimated to grow at a CAGR of 8.4% during the forecast period. The market growth is attributed to the increasing adoption of smartphones, and technological advancement in wearable sensor materials.

[cool-pooja99-blog]

The North American Automated Storage and Retrieval System (ASRS) Market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.1% during the forecast period. The growth is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. In addition, the well-established ICT infrastructure of the region has made a considerable contribution to the growth of automation in several industries of the region.

[cool-pooja99-blog]

The UK Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of over 9.5% during the forecast period. Well-developed e-commerce industry and growing industrial automation are driving the growth of the ASRS market in the country. An increase in the e-commerce industry increases the demand for warehouses which may lead to the adoption of ASRS in the warehouses' facilities to increase efficiency. The growth of the e-commerce industry in the country can be attributed to the high penetration of the internet and smartphones. There exists a high penetration of the internet in the country; almost 95% of the country’s population uses the internet daily. Moreover, in 2018, UK ranked 7th out of 86 countries in the global inclusive internet index which depicts the easy affordability, availability, and relevance for internet users in the country. As per Eurostat 2018, over 81% of the total shoppers were e-shoppers in UK.

[cool-pooja99-blog]

The UK Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of over 9.5% during the forecast period. Well-developed e-commerce industry and growing industrial automation are driving the growth of the ASRS market in the country.

[cool-pooja99-blog]

US tea and tea-based beverages market was valued at around $10.8 billion in 2018, which is further estimated to reach around $15 billion in 2025 at a CAGR of 4.8% during the forecast period. The tea market is highly competitive in the US. It is comprised of a few US-based tea growers and several importers from almost every tea producing countries, such as China, India, and Japan. However, still very small and mostly non-commercial, tea-growing companies continues its expansion in the US. 

[cool-pooja99-blog]

North American tea and tea-based beverages market was valued at around $11.7 billion in 2018, which is further estimated to reach around $16.6 billion in 2025 at a CAGR of 5.0% during the forecast period. The market in North America is growing due to the increasing demand for unadulterated organic tea-based products, such as green tea. The US and Canada have been analyzed in the North American tea and tea-based beverages market. Among these two countries, the US is the leading importer in the North American market. Shifting trend towards healthy beverages, high consumption of tea, and presence of a smaller number of tea growers in the US is contributing towards the increasing import of tea and tea-based beverages in the country. 

[cool-pooja99-blog]

UK tea and tea-based beverages market was valued at around $3 billion in 2018, which is further estimated to reach around $4.5 billion in 2025 at a CAGR of 6.2% during the forecast period. Green tea and herbal tea are widely gaining popularity in the region due to their health benefits. These include improved brain function, fat loss, a lower risk of cancer and many others. Further, growing awareness regarding tea benefits for patients suffering from cardiovascular diseases, and high blood pressure are some of the major factors increasing the demand for tea in the region. 

[cool-pooja99-blog]

The UK diagnostic biomarker market is estimated to grow significantly at a CAGR of more than 12% during the forecast period. The major factor that is driving the market includes a high prevalence of cancer and chronic diseases in the region. Furthermore, the nation has the highest number of CVD, Congenital heart disease (CHD), stroke, heart failure, atrial fibrillation, and other heart-related diseases. According to the British Heart Foundation in 2017, more than one-fourth of the fatalities in UK are due to CVD, which is responsible for around 1.6 million fatalities each year. The rise in such diseases increases the demand for efficient diagnostic techniques and hence drives the growth of the market in the region.

[cool-pooja99-blog]

The North American preventive inhaler market was $3.5 billion in 2018 and is anticipated to grow at a substantial rate of 1.0% during the forecast period. The major factors that are contributing significantly to the market growth include rising air pollution, growing geriatric population, and high healthcare expenditure. The US and Canada are the major economies of North America. The rising prevalence of chronic respiratory diseases, increasing geriatric population, and technological advancement are the major factors augmenting the growth of the inhaler market in the North America region. The increasing demand for inhaler due to increasing COPD and asthma patients in the US has endorsed the approval of cohesive reimbursement policies in the US, is further fueling the growth of the market. The US is the major market due to greater healthcare expenditure and a higher prevalence rate of respiratory diseases.

[cool-pooja99-blog]

France preventive inhaler market is anticipated to grow at a substantial rate of 3.3% during the forecast period. As per French government agency, Business France, the country ranked as 4th globally and second in Europe for the medical device and technology industry. There are about 1,300 to 1,350 companies in French device manufacturer that generated a revenue of around $32 billion in 2017. The country is generating about $9.5 billion in 2017 by the export of medical devices. The medical device market is employing around 85,000 people in the country. This provides a significant base for the growth of a preventive inhaler market over the forecast period.

[cool-pooja99-blog]

Italy dry powdered inhaler market is anticipated to grow at a substantial rate of around 2.2% during the forecast period. The significant prevalence of asthma and COPD has augmented the demand for various types of inhalers within the country. Moreover, rising tobacco smoking activities in the country have also led to the various respiratory disease that have addressed the need for respiratory devices, such as inhalers, in the country. In addition, the presence of market players such as Chiesi Farmaceutici S.P.A in the country is also propelling the market growth. In September 2017, the company completed the clinical study of Tribute with its Trimbow an extra-fine fixed-dose triple combination inhaler. Upon successful commercialization of this inhaler in the country in the near future, the market for dry powdered inhalers will grow. 

[cool-pooja99-blog]

China dry powdered inhaler market is anticipated to grow at a substantial rate of around 3.3% during the forecast period. High level of air pollution and the significant number of smokers in China is boosting the demand for inhalers in the country. Additionally, the rising geriatric population susceptible to asthma and COPD within the country is also driving the demand for inhalers; thereby, leading to the growth of the dry powdered inhaler market in the country. From June 2012 to May 2015, a survey was conducted by the Ministry of Health and Ministry of Science and Technology of China. Around 51,000 citizens participated in the survey with 21,500 men and 29,500 women, according to which, it was estimated that about 100 million adults in 2015 had the problem of COPD in the country. The prevalence is higher in men as compared to women. As per the estimation, there were 68.4 million men and 31.5 million women affected by COPD. 

[cool-pooja99-blog]

The Indian dry powdered inhaler market is anticipated to grow at a substantial rate of around 7.4% during the forecast period. Major factors that augment the growth of the market include large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and significant presence of market players in the country. The Indian dry powdered inhaler market is segmented based on type, application, and end-user. The preventive dry powdered inhaler segment led the global dry powdered inhaler market in 2018. Preventive dry powdered inhalers are most widely used in the treatment of asthma in children and adults. 

[cool-pooja99-blog]

Protective gloves market in the UK is expected to grow at a CAGR of 6.8% during the forecast period. Protective gloves are exceedingly used in the food & beverage manufacturing process, healthcare, and other industries across UK. The product is being used in the manufacturing process of the food products. As a result, protective gloves market shares a synergic relationship with the food & beverage industry in UK. As the overall population across the country increases, the average expenditure of the population on food and beverages is expected to increase in the future. This is expected to create opportunities for the increasing demand for body protective products such as protective gloves. 

[cool-pooja99-blog]

North American protective gloves market is expected to grow at a CAGR of 5.6% during the forecast period. North American market for protective gloves holds a significant market and is analyzed on the basis of its two major economies including the US and Canada. With these major economies, the region constitutes strong and developed industries such as automotive manufacturing, industrial equipment, construction, and others. A number of sectors are involved in the widespread end-use application of protective gloves which include manufacturing, construction, electronic, pharmaceuticals, automotive, personal care, and many more.