Global Hemp Market – Industry Research report by Product , Nature, Application, Region, Market Product, Projections and Estimations - Global Analysis Forecast by 2019–2023

The global industrial hemp market size will register a CAGR of 15.5% by 2023. See the latest market research, opportunities, trends, and market forecast from Technavio's hemp industry analysts. The industrial hemp market will be driven by the high demand from the textile industry.

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High demand from textile industries

Hemp fibers are increasingly being used as a raw material for textile yarn production and are considered as a great substitute for cotton and synthetic fibers. The increasing demand for hemp in the textile industry is attributed to the technological, ecological, and economic superiority of hemp. Industrial hemp is used for manufacturing canvas, sailcloth, rope, sacks, clothing, specialty textiles, and other products. Hence, the high demand from textile industry will drive the industrial hemp market size during the forecast period.

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The rise in legalization of hemp cultivation

With rising focus on the use of natural resources to reduce the dependence on petroleum resources, several governments, and regulatory agencies are focusing on legalizing hemp cultivation. They are also approving the use of hemp for commercial applications. As a result, hemp cultivation is expected to increase, which will result in a reduction of dependency on the import of hemp seeds. Thus, the rise in the legalization of hemp cultivation will fuel the industrial hemp market growth during the forecast period.

According to a senior analyst at Technavio, “Apart from the rise in the legalization of hemp cultivation, other factors such as the increase in mergers and acquisitions, capacity expansions, and product developments will have a significant impact on the growth of the industrial hemp market size during the forecast period.”

Oversupply of hemp

The hemp market is witnessing price wars among producers and end-users owing to the oversupply of hemp in various countries such as Canada and China. Moreover, the increasing legalization of hemp production across the world is also resulting in the overproduction of hemp, which is expected to impact the prices of hemp during the forecast period. While these factors are expected to influence the market growth negatively, the increasing demand for hemp in various applications in the textile industry will fill the gap between the demand and supply of during the forecast period.

Top players in the global industrial hemp market:

·         22nd Century Group

·         Aurora Cannabis

·         Canopy Growth

·         Charlotte’s Web

·         Hemp

·         Medical Marijuana

Some of the key topics covered in the global industrial hemp market include:

Market Landscape

·         Market ecosystem

·         Market characteristics

·         Market segmentation analysis

Market Sizing

·         Market definition

·         Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

·         Regional comparison

·         Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

·         Vendors covered

·         Vendor classification

·         Market positioning of vendors

·         Competitive scenario

Global home Wi-Fi router market size will grow by USD 966.37 million during 2019-2023, at a CAGR of almost 7%

Global home Wi-Fi router market size is forecast to grow by USD 966.37 million during 2019-2023 at a CAGR of almost 7%, with fixed Wi-Fi router segment having the largest market share. Home WiFi router market analysis indicates growth will be driven by the increasing adoption of the smart connected home system. Partnerships among telecom network providers and Wi-Fi router manufacturers will also impact home Wi-Fi router industry growth. Global home Wi-Fi router market size will grow by USD 966.37 million during 2019-2023, at a CAGR of almost 7%. With the rising competition in the telecom industry, telecom companies are partnering with home Wi-Fi router providers as a new strategy to increase their customer base, gain a competitive edge, and have a long-term leadership in the market. Also, the need for high-speed data connection is compelling them to leverage Internet connectivity by partnering with Wi-Fi router manufacturers. This helps them to offer new Internet connection such as 5G network and routers like Nokia's 5G routers for home users.

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Increasing adoption of smart connected home system

Wi-Fi routers are increasingly being used in smart connected home systems to connect smart home appliances. Also, technological advances and innovations in Wi-Fi routers are driving growth in the smart home appliances market. Home Wi-Fi routers enable 24'7 seamless Internet connectivity for Al-enabled smart home controllers and smart hubs to remotely control smart home appliances. This is encouraging smart appliance vendors to attract tech-savvy consumers by introducing product differentiation and technologies such as Wi-Fi for connectivity. This bridges the gap between users and their appliances and helps them to handle and perform tasks remotely.

 “The high internet penetration, increasing dependency on the internet, and the growing adoption of technology will drive the home Wi-Fi router market growth in APAC. Additionally, the growing focus on smart city and smart home planning and growth initiatives for an internet revolution in countries such as India and China will also drive the growth of the market in the APAC region”, says an analyst at Technavio.

Vendors of Wi-Fi routers are focusing on maintaining their market position by partnering with telecom providers. They are also trying to maintain a competitive advantage by participating in strategic alliances with other end-user industries to slowly enter the untapped regions in APAC. Also, they are introducing next-generation Wi-Fi routers with dual-band frequencies, modern chipsets, built-in filters, and multiple antennas. All these factors will boost adoption leading to an increase in the sale of home Wi-Fi routers.

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This home Wi-Fi router industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several home Wi-Fi router manufacturers including:

·         ASUSTeK Computer Inc.

·         Cisco Systems

·         D-Link Corporation

·         Huawei Technologies Co.

·         NETGEAR

Some of the key topics covered in the report include:

Market Landscape

·         Market ecosystem

·         Market characteristics

·         Market segmentation analysis

Market Sizing

·         Market definition

·         Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

·         Regional comparison

·         Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

·         Vendors covered

·         Vendor classification

·         Market positioning of vendors

·         Competitive scenario

Outdoor Furniture Market in the US 2019 - Industry Analysis, Business Opportunities, Trend, Region, Sales and Segment forecast to 2023

Global outdoor furniture market size is forecast to grow by USD 7.45 billion during 2019-2023 at a CAGR of 5%, with outdoor furniture and accessories segment having the largest market share. Outdoor furniture market analysis indicates growth will be driven by the increasing demand for patio heating products in commercial and residential spaces. Outdoor furniture industry growth will also be impacted by the demand for environment-friendly outdoor furniture. A key driver for the global outdoor furniture market is the increasing demand for patio heating products in commercial and residential spaces. Patio heaters have high demand in commercial spaces, which include pubs, party lounges, cafés, and restaurants. In the hospitality industry, patio heaters find applications in enhancing the ambiance of outdoor space by ensuring warm temperature zones. The rising number of pubs and restaurants that have outdoor dining spaces has contributed significantly to the increase in demand for patio heaters.

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As per Technavio, the increasing demand for environment-friendly outdoor furniture will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global outdoor furniture market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global outdoor furniture market: Increasing demand for environment-friendly outdoor furniture

The increasing demand for environment-friendly outdoor furniture is a trend in the global outdoor furniture market. Environmental concerns, negative effects of deforestation, and the effects of toxic finishes in the air have prompted furniture manufacturers to adopt green solutions. They are now offering a wide range of aesthetic furniture constructed using Moso bamboo, which is stronger and harder than most other wood, including oak.

Global outdoor furniture market: Segmentation analysis

This outdoor furniture market analysis report segments the market by product (outdoor furniture and accessories, outdoor grills and accessories, and patio heating products), end-user (residential and commercial), distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).

The offline segment held the largest outdoor furniture market share in 2018. The growing popularity of specialty furniture retail stores is enabling the growth of the market.

North America accounted for the highest share of the market in 2018, as the region is the largest market for outdoor furniture products, with the US, Canada, and Mexico being the key leading countries.

Some of the key topics covered in the report include:

Market Landscape

·         Market ecosystem

·         Market characteristics

·         Market segmentation analysis

Market Sizing

·         Market definition

·         Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

·         Regional comparison

·         Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

·         Vendors covered

·         Vendor classification

·         Market positioning of vendors

·         Competitive scenario

Retail Ready Packaging Market 2019 - Global Industry Analysis, Statistics, Suppliers, Demand, Investment Feasibility, Growth Factors & Future Forecast to 2023

Global retail-ready packaging market size is forecast to grow by USD 7.97 billion during 2019-2023 at a CAGR of 4% with food segment having the largest market share. Retail ready packaging market analysis indicates growth will be driven by the benefits of retail-ready packaging. Retail-ready packaging industry growth will also be impacted by the use of fiber-based material for packaging. A key factor driving the growth of the market are the benefits of retail-ready packaging. Retail-ready packaging is used for moving goods from case to shelves in a single attempt, without emptying single units. Features such as robustness, shelf space optimization, and ease of identification and disposal make retail-ready packaging solutions popular among end-users. The enhanced visibility of this packaging type results in higher customer satisfaction, leading to higher impulse purchase and increased sales. The strength and stability of retail-ready packaging also minimizes the chances of damage during transit. Such benefits will further enhance the preference for retail-ready packaging, resulting in the growth of the market.

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As per Technavio, the use of fiber-based material for packaging will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global retail-ready packaging market research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global retail-ready packaging market: Use of fiber-based material for packaging

Fiber-based materials are among the most suitable forms of sustainable packaging materials. They are reusable, renewable, or biodegradable materials that can be used in packaging products. They witness wide acceptance in the food and beverage, chemical, and construction industries and are used for products such as paper boards and corrugated packaging. Hence, some enterprises offer packaging products made of fiber-based materials, hence, will lead to its high adoption for packaging.

Global retail-ready packaging market: Segmentation analysis

This market research report segments the global retail-ready packaging market by the end user (food, beverages, household products, other end-users) and geographical regions (North America, Europe, APAC, South America, and MEA).

The North American region led the market in 2018, followed by Europe, APAC, South America, and MEA, respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the rising household disposable income, which increases the demand for processed and packaged food and beverages, and the rapid growth in the retail e-commerce industry.

Some of the key topics covered in the report include:

Market Landscape

·         Market ecosystem

·         Market characteristics

·         Market segmentation analysis

Market Sizing

·         Market definition

·         Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

·         Regional comparison

·         Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

·         Vendors covered

·         Vendor classification

·         Market positioning of vendors

·         Competitive scenario

Textile Market Size 2019 Share & Trends Analysis Report By Raw Material, Product, Application And Segment - Global Industry Forecasts to 2023

Global textile market size is forecast to grow by USD 526.1 billion during 2019-2023 at a CAGR of over 6%, with natural fibers segment having the largest share. Textile market growth will be mainly driven by the increasing demand for natural fibers. A key factor driving the growth of the market is the increasing demand for natural fibers. Natural fibers obtained from plants and animals include cotton, silk, linen, wool, hemp, jute, and cashmere. These fibers are widely used to manufacture garments, apparel, construction materials, medical dressings, and interiors of automobiles among others. The abundance of natural fibers, especially cotton in China, India, and the US is contributing significantly to the growth of the global textile market. Silk is used in upholstery and apparels, as it is available in both variations fine as well as coarse. Wool and jute are used as textile materials for their resilience, elasticity, and softness. Therefore, the increasing consumption of natural fibers such as cotton, silk, wool, and jute will drive the global textile market during the forecast period.

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As per Technavio, the innovations in textile industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global textile market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global textile market: Innovations in textile industry

Major players in the global textile market are involved in product innovation to retain their positions and maintain a competitive edge in the market. For instance, several vendors are launching new heating technology to keep clothes warm during winter through infrared heat absorption. Similarly, the development of post-consumer cotton waste jeans that use waste cotton but ensure the garments’ quality and strength are being developed. Therefore, such innovations are expected to drive the global textile market during the forecast period.

Global textile market: Segmentation analysis

This market research report segments the global textile market by product (natural fibers, polyesters, nylon, and others), by application (fashion, technical, household, others) and geographical regions (APAC, North America, Europe, and South America, and MEA).

The APAC region led the market in 2018, followed by North America, Europe, and South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the large presence of textile vendors and a huge consumer base.

Some of the key topics covered in the report include:

Market Landscape

·         Market ecosystem

·         Market characteristics

·         Market segmentation analysis

Market Sizing

·         Market definition

·         Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

·         Regional comparison

·         Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

·         Vendors covered

·         Vendor classification

·         Market positioning of vendors

·         Competitive scenario