#Godrej Consumer Products

[foxnangelseo]

Godrej Consumer Products' Strategic Investment: Fostering Growth in Tamil Nadu

Godrej Consumer Products Ltd. (GCPL), a prominent player in the fast-moving consumer goods (FMCG) industry, has taken a significant step towards expanding its manufacturing footprint in India. In a recent development, GCPL signed a Memorandum of Understanding (MoU) with the Tamil Nadu government, outlining its plans to establish a state-of-the-art manufacturing facility with an investment of ₹515 crore over the next five years. This strategic move not only showcases GCPL's commitment to India's growth trajectory but also demonstrates its dedication to quality, innovation, and inclusive development.

The proposed manufacturing unit is set to be situated in Thiruporur Taluk, Chengalpattu, near Chennai, granting GCPL greater access to the lucrative southern markets. This location advantage aligns with the company's objective to enhance its reach and influence across the region. The plant will serve as the production hub for several of GCPL's core brands, including household names like Cinthol, Godrej Expert Rich Crème, Godrej Selfie Shampoo Hair Colour, and Goodknight.

Nisaba Godrej, the Executive Chairperson of Godrej Consumer Products, emphasizes the company's overarching vision as she states, "The investment of ₹515 crore over the next five years is in line with GCPL’s long-term strategy to actively participate in India’s growth journey and our unwavering commitment to deliver affordable, best quality, and innovative products to consumers." This commitment goes beyond just business expansion—it encompasses a deep-rooted aspiration to make a positive impact on the community and foster sustainable development in Tamil Nadu.

One remarkable aspect of GCPL's initiative is its dedication to creating job opportunities and promoting diversity and inclusivity. Nisaba Godrej shares, "With the establishment of this facility, we will create over 400 job opportunities in Tamil Nadu. This facility aims to have an inclusive and gender-balanced workforce. Our plan is to employ 50% of women for this facility along with 5% of employees from LGBTQ and people with disability (PWD) communities." This progressive approach to workforce composition reflects GCPL's commitment to championing diversity and promoting equal opportunities for all.

Sudhir Sitapati, the Managing Director and CEO of GCPL echoes the sentiment of strategic expansion and community empowerment. He highlights that the new manufacturing hub will not only support GCPL's diverse portfolio but also bolster its market presence. "It will serve as a manufacturing hub for a wide range of our renowned brands and products, bolstering our market presence further. More importantly, our commitment extends beyond business expansion; we are dedicated to making a positive impact on the community and fostering sustainable development in Tamil Nadu."

The forthcoming manufacturing plant is poised to bring forth several operational advantages for GCPL. The facility is expected to accelerate delivery timelines, optimize inventory management, and significantly reduce overall costs. Furthermore, by expanding its production capabilities, the plant will contribute to GCPL's overall production capacity, further solidifying its position in the FMCG sector.

In conclusion, GCPL's strategic investment in India in setting up a manufacturing facility in Tamil Nadu is a testament to its dedication to quality, innovation, and community development. The company's commitment to fostering diversity, inclusivity, and sustainability while expanding its market presence speaks volumes about its ethos. As GCPL embarks on this exciting journey of growth and transformation, its investment in India underscores its pivotal role in shaping the country's FMCG landscape and contributing to its economic development.

This post was originally published on: Foxnangel

[adhk1234]

Antiperspirants and Deodorants Market Expansion: Emerging Markets and Future Opportunities

The global antiperspirants and deodorants market is experiencing steady growth, driven by increasing awareness of personal hygiene, especially among younger demographics. Valued at USD 62889 million in 2023, the market is projected to reach USD 81920.89 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.36% over the forecast period from 2024 to 2031.

The Antiperspirants and Deodorants Market Size was valued at USD 62889 million in 2023 and is expected to reach USD 81920.89 million by 2031, and grow at a CAGR of 3.36% over the forecast period 2024-2031.

Market Segmentation:

The antiperspirants and deodorants market is segmented based on product form and distribution channel:

By Product Form:

Spray

Roll-On

Sticks

Others

By Distribution Channel:

Store-Based:

Supermarkets and Hypermarkets

Convenience Stores

Others

Non-Store-Based

Regional Analysis:

The market's growth is influenced by urbanization, rising disposable incomes, and heightened awareness of personal hygiene across various regions. As urban populations expand, especially in emerging economies, the demand for personal care products, including antiperspirants and deodorants, is on the rise. Additionally, increased consumer spending power contributes to the market's expansion.

Key Players:

The Key Players are Benetton Group S.r.l., Unilever Company, Procter & Gamble, L’Oreal Company, Avon Product Inc, Nike, Inc. , CavinKare Pvt. Ltd, Kao Corporation, Henkel AG & Company KGaA, Coty Inc., Beiersdorf AG, Godrej Consumer Products Ltd. , Church & Dwight Co., Inc.  Colgate-Palmolive Company, L'Occitane International S.A. Other players.

Key Highlights:

Growing interest in personal hygiene among younger generations is a significant market driver.

Affordability and the availability of inexpensive deodorants and antiperspirants contribute to market growth.

Innovations with new and improved formulas are attracting consumers.

A shift towards natural ingredients, driven by health concerns, presents both challenges and opportunities.

The "clean beauty" trend emphasizes transparency in product formulations, offering avenues for product development.

Future Outlook:

The antiperspirants and deodorants market is poised for continued growth, driven by social trends, product innovation, and economic factors. As consumers become more health-conscious, there is a notable shift towards products with natural ingredients and transparent formulations. Companies that prioritize innovation in this space are well-positioned to capture a significant share of the market.

Get Free Sample Report @ https://www.snsinsider.com/sample-request/1008

Conclusion:

The global antiperspirants and deodorants market is on a positive trajectory, with significant growth anticipated in the coming years. Manufacturers and stakeholders are encouraged to focus on product innovation and align with consumer preferences towards natural and transparent formulations to capitalize on emerging opportunities.

Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)

[tanujasaini]

Top 15 Market Players in Global Ammonium Laureth Sulfate Market

Top 15 Market Players in Global Ammonium Laureth Sulfate Market

The global ammonium laureth sulfate market is characterized by the presence of several key players who contribute significantly to its growth and development. These companies are involved in the production and distribution of ammonium laureth sulfate, a surfactant commonly used in personal care products such as shampoos, body washes, and facial cleansers.

Stepan Company: A leading manufacturer of specialty and intermediate chemicals, Stepan Company offers a range of surfactants, including ammonium laureth sulfate, catering to various industries.

BASF SE: As a major global chemical company, BASF SE produces a wide array of products, including surfactants like ammonium laureth sulfate, serving the personal care and home care industries.

Evonik Industries: Specializing in specialty chemicals, Evonik Industries provides surfactants such as ammonium laureth sulfate for applications in personal care formulations.

Solvay: A multinational chemical company, Solvay offers a diverse portfolio of surfactants, including ammonium laureth sulfate, for use in various consumer products.

Kao Corporation: Headquartered in Japan, Kao Corporation produces a range of chemical products, including surfactants like ammonium laureth sulfate, utilized in personal care items.

Clariant: A global specialty chemicals company, Clariant offers surfactants such as ammonium laureth sulfate for use in personal care and industrial applications.

Huntsman Corporation: Known for its diversified chemical products, Huntsman Corporation provides surfactants, including ammonium laureth sulfate, serving various industries.

Galaxy Surfactants: An Indian company specializing in surfactant production, Galaxy Surfactants supplies ammonium laureth sulfate for personal care product formulations.

Taiwan NJC Corporation: A chemical manufacturer, Taiwan NJC Corporation produces surfactants like ammonium laureth sulfate for use in various applications.

Zanyu Technology Group: Based in China, Zanyu Technology Group offers a range of surfactants, including ammonium laureth sulfate, catering to the personal care industry.

Godrej Industries Limited: An Indian conglomerate, Godrej Industries Limited produces chemicals such as surfactants, including ammonium laureth sulfate, for use in personal care products.

AkzoNobel N.V.: A Dutch multinational company, AkzoNobel N.V. offers a variety of chemical products, including surfactants like ammonium laureth sulfate, for various applications.

Lion Corporation: Headquartered in Japan, Lion Corporation produces a range of consumer products, including personal care items that utilize surfactants like ammonium laureth sulfate.

Biesterfeld Spezialchemie: A distributor of specialty chemicals, Biesterfeld Spezialchemie supplies surfactants such as ammonium laureth sulfate to various industries.

Arxada: Formerly known as Lonza Specialty Ingredients, Arxada provides a range of chemical products, including surfactants like ammonium laureth sulfate, for use in personal care formulations.

Request report sample at https://datavagyanik.com/reports/global-ammonium-laureth-sulfate-market-size-production-sales-average-product-price-market-share/

Top Winning Strategies in Ammonium Laureth Sulfate Market

To maintain a competitive edge in the ammonium laureth sulfate market, leading companies often employ the following strategies:

Product Innovation: Developing new and improved formulations of ammonium laureth sulfate to meet evolving consumer preferences and regulatory requirements.

Sustainable Practices: Implementing environmentally friendly manufacturing processes and sourcing sustainable raw materials to appeal to eco-conscious consumers.

Strategic Partnerships: Collaborating with other companies, research institutions, or suppliers to enhance product offerings and expand market reach.

Market Expansion: Entering new geographic markets or industry segments to increase market share and revenue streams.

Customer Engagement: Building strong relationships with customers through responsive service, technical support, and customized solutions to foster loyalty and repeat business.

By adopting these strategies, companies can effectively navigate the competitive landscape of the ammonium laureth sulfate market and achieve sustained growth.

Request a free sample copy at  https://datavagyanik.com/reports/global-ammonium-laureth-sulfate-market-size-production-sales-average-product-price-market-share/

[datastring]

Insect Repellent Active Ingredients Market set to hit $4.1 billion by 2035, as per recent research by DataString Consulting

Higher trends within Insect Repellent Active Ingredients applications including household use, agriculture, public health and outdoor; and other key wide areas like personal care products and outdoor and indoor sprays are expected to push the market to $4.1 billion by 2035 from $1.3 billion of 2024.

Insect repellent ingredients are widely utilized in products like creams and sprays as well as wearable gadgets for long lasting defense against different insect species. These products stand out for their ease of use and safe application for individuals of all ages including kids and certain pets. Key players, like S. C Johnson & Son and Spectrum Brand Holdings excel in this field by enhancing effectiveness while prioritizing user safety. These components are also commonly used in indoor sprays for homes and businesses across various sectors such as residential and industrial settings. These sprays have their benefits as they cover areas effectively and some even maintain their effectiveness for an extended duration. Companies, like Reckitt Benckiser Group plc and Godrej Consumer Products are well known for producing these types of sprays.

Detailed Analysis - https://datastringconsulting.com/industry-analysis/insect-repellent-active-ingredients-market-research-report

The awareness of insect borne illnesses and the negative effects of chemicals in repellents have prompted a transformation in the market for active ingredients in insect repellents Companies are now focusing more towards using natural and organic components to meet the increasing consumer demand, for such products.

Industry Leadership and Strategies

The Insect Repellent Active Ingredients market within top 3 demand hubs including U.S., China and India, is characterized by intense competition, with a number of leading players such as BASF SE, Bayer AG, Spectrum Brands, Inc, Sawyer Products Inc, Omega Pharma, DuPont de Nemours, Inc, S.C. Johnson & Son Inc, Godrej Consumer Products Ltd, Spectrum Brands Holdings Inc, Enesis Group, Quantum Health and Reckitt Benckiser Group PLC. Below table summarize the strategies employed by these players within the eco-system.

LeadingProviders

Provider Strategies

S.C Johnson & Sons

Nurturing research and development, analyzing consumer behavior, and launch of new and effective products.

BASF SE

Focusing heavily on innovation, sustainability and environmental safety. R&D investments towards the development of safer, more efficient active ingredients.

Bayer AG

Balancing ecological and regulatory requirements with practical usability. Rationalizing production processes.

Spectrum Brands

Investing in variety of product types, targeting various types of insects, constant consumer engagement initiatives and focus on safe, odourless, skin-friendly products.

This market is expected to expand substantially between 2025 and 2030, supported by market drivers such as increasing health concerns related to insects, innovation and technological advancements, and escalating outdoor activities and travel.

Regional Analysis

In North America's market sector there is a need for insect repellent ingredients. This area is at the forefront because of its terrains, varied weather conditions and growing concern about diseases transmitted by insects. There is competition among key companies that provide both natural and synthetic ingredients. The demand for alternatives creates potential for growth, in plant based ingredients.

Research Study analyse the global Insect Repellent Active Ingredients market in detail and covers industry insights & opportunities at Product Type (Synthetic Ingredients, Natural Ingredients), Application (Skin Applied, Clothing or Gear Applied) and Consumer Basis (Residential, Industrial) for more than 20 countries.

About DataString Consulting

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.

[rupalic]

Effective Pest Control Fuels Global Insect Repellent Market Growth Through 2028

The global insect repellent active ingredients market is projected to grow from $1.0 billion in 2023 to $1.5 billion by 2028, reflecting a robust CAGR of 7.6%. This growth is fueled by the increasing prevalence of vector-borne diseases and the rising awareness of the need for effective pest control solutions.

Key Insect Repellent Market Growth Drivers

Rising Vector-Borne Diseases

Vector-borne diseases account for over 17% of all infectious diseases worldwide, causing approximately 700,000 deaths annually, according to the WHO. Life-threatening illnesses such as malaria, dengue, chikungunya, and the Zika virus are primarily transmitted by mosquitoes and other vectors.

Malaria: Transmitted by Anopheles mosquitoes, this parasitic disease affects 219 million people annually, leading to over 400,000 deaths, predominantly among children under five.

Dengue: A viral infection caused by Aedes mosquitoes, dengue threatens 3.9 billion people globally, resulting in 40,000 deaths each year.

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The growing incidence of these diseases has intensified the demand for insect repellent products to prevent outbreaks and safeguard public health.

Increased Awareness of Public Health Risks

Insects such as mosquitoes, ticks, and flies are not just disease carriers but also a source of discomfort and disruption. The demand for repellents extends beyond health protection to improve quality of life by preventing itchy bites and infestations.

Asia-Pacific: Leading the Insect Repellent Market Growth

The Asia-Pacific region is expected to dominate the insect repellent active ingredients market due to the high prevalence of vector-borne diseases. Countries in this region face significant health and economic burdens from diseases like malaria, dengue, and chikungunya, making it a critical market for insect repellent solutions.

Mosquito Segment Dominance

Mosquito repellents are anticipated to account for the largest insect repellent active ingredients market share in 2023. Their widespread presence across tropical, subtropical, and even temperate regions underpins the demand for mosquito control solutions. These insects not only transmit diseases but also disrupt daily life, further driving the need for effective repellents.

Future Prospects

The insect repellent active ingredients industry is poised for sustained growth as public health challenges and vector populations continue to rise. With a strong focus on research and development, manufacturers are introducing customized solutions catering to specific regional needs and insect types. The rising demand for insect repellents highlights a critical intersection of health, safety, and quality of life. As diseases like dengue and malaria persist, the market for insect repellent active ingredients will play a pivotal role in mitigating health risks globally. With innovation and regional collaboration, the industry is set to achieve its projected growth and make significant strides in public health protection.

Major Players Driving Innovation

Leading insect repellent active ingredients companies in the market are investing in innovative formulations and product offerings to meet the growing demand. Some of the key players include:

Spectrum Brands, Inc. (US): Offers a range of insect repellents under its Home & Garden segment.

Dabur (India): Renowned for its Ayurvedic and natural healthcare products, Dabur extends its expertise to insect repellent solutions.

Godrej Consumer Products Limited (India): A legacy brand with a robust portfolio in home care and insecticide products.

BASF SE (Germany), Reckitt Benckiser (UK), and Henkel AG & Co. (Germany): Global leaders contributing to market innovation.

[industrynewsupdates]

A Comprehensive Overview of Steel Rebar Market Landscape

The global steel rebar market size is expected to reach USD 415.79 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2022 to 2030. Increasing investments in infrastructure revamping projects and construction activities are anticipated to drive the market over the forecast period.

Various infrastructure redevelopment projects dedicated to fueling economic growth across the world are projected to augment the demand for steel rebar during the forecast period. For instance, the Spanish government announced the Recovery, Transformation, and Resilience Plan to stimulate the economy from the crisis caused by the pandemic. Under the recovery plan, Spain is expected to receive USD 74.26 billion as a grant and USD 74.80 billion as a loan from the Recovery and Resilience Facility (RRF). Out of the total amount to be received, 15% is expected to be spent on infrastructure development projects in the country.

In addition, rising investments in residential and non-residential construction activities across developing economies are projected to drive the market across the forecast period. For instance, in February 2022, Godrej Properties announced plans to make an investment of around INR 7,500 crore (~USD 937.3 million) in the next 1-1.5 years in the development and acquisition of new housing and commercial real estate projects in Mumbai, Delhi, Bengaluru, and Pune.

The Asia Pacific held the largest revenue share in 2021 and the trend is expected to continue over the coming years. The infrastructure development projects announced by various governments of the region are anticipated to boost the demand during the forecast period. For instance, in March 2022, the Ministry for Road Transport and Highways, India inaugurated 19 National Highway projects worth USD 183.9 million in the states of Rajasthan and Haryana.

The market is subjected to high competition with the presence of several international and local players. The players indulge in various strategies including mergers & acquisitions, capacity expansions, and joint ventures to stay ahead of the competition. For instance, in January 2022, CMC announced the construction of a new state-of-the-art “rebar-centric” micro steel mill in the eastern U.S., which is expected to get completed by 2024.

Gather more insights about the market drivers, restrains and growth of the Steel Rebar Market

Steel Rebar Market Report Highlights

• Based on application, construction accounted for a revenue share of more than 55.0% in 2021, and this trend is expected to continue across the forecast period on account of rising construction activities across various economies

• The Asia Pacific held a revenue share of over 60.0% in 2021. Growing construction spending on public infrastructure, coupled with commercial sectors, is propelling the product demand

• Rising carbon footprints from the steel industry are compelling established players to switch to less energy-consuming methods. For instance, in April 2022, Nippon Steel Corporation acquired two Thailand-based EAF steelmakers for a sum of around USD 477 million. This acquisition is a step by Nippon Steel Corporation to cut its reliance on blast furnaces and reduce harmful emissions

• Fiber-reinforced polymer (FRP) rebars are likely to substitute steel rebars owing to their high strength, lightweight, thermal resistance, and high corrosion resistance. The corrosive nature of the steel rebars impacts the lifespan of reinforced concrete structures

Steel Rebar Market Segmentation

Grand View Research has segmented the global steel rebar market based on application and region

Steel Rebar Application Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030)

• Construction

• Infrastructure

• Industrial

Steel Rebar Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Russia

o Turkey

• Asia Pacific

o China

o Japan

o India

o ASEAN

o South Korea

o Australia

• Central & South America

o Brazil

• Middle East & Africa

o Saudi Arabia

o UAE

Order a free sample PDF of the Steel Rebar Market Intelligence Study, published by Grand View Research.

[researchyblog]

Metal Furniture Market Size, Trends, and Growth Forecast to 2025

The global Metal Furniture Market is experiencing steady growth, driven by factors such as urbanization, increasing disposable incomes, and a rising preference for durable and aesthetically appealing furniture.

Get free sample @ https://www.statsandresearch.com/request-sample/39427-global-metal-furnitures-market

Market Overview:

In 2023, the market size was valued at approximately USD 151.6 billion.

It is projected to reach around USD 208.5 billion by 2032, reflecting a compound annual growth rate (CAGR) of about 3.60% during the forecast period.

Key Players:

Prominent companies operating in the metal furniture market include:

Inter IKEA Systems B.V.

Steelcase Inc.

Kimball International, Inc.

MillerKnoll, Inc.

Godrej & Boyce Manufacturing Company Limited

Simpli Home Ltd.

CHYUAN CHERN Co Ltd.

Dorel Industries Inc.

Meco Corporation

Oliver Metal Furniture

Get full report @ https://www.statsandresearch.com/report/39427-global-metal-furnitures-market/

Regional Analysis:

North America: Significant market share due to a well-established furniture industry and high consumer spending on home décor.

Europe: Growth driven by a rich heritage in furniture design and manufacturing, coupled with increasing demand for sustainable products.

Asia-Pacific: Expected to witness rapid growth owing to urbanization, rising disposable incomes, and expanding real estate sectors.

Market Trends and Challenges:

Sustainability: Growing environmental concerns are driving the adoption of eco-friendly materials and manufacturing processes in metal furniture production.

Smart Furniture: The integration of technology into furniture design is gaining popularity, offering consumers enhanced functionality and convenience.

Economic Factors: Fluctuations in raw material prices, such as steel and aluminum, can affect profit margins and pricing strategies.

Get enquiry before buying @ https://www.statsandresearch.com/enquire-before/39427-global-metal-furnitures-market

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[psatalk]

Huhtamaki India and Finland Embassy host Think Circle 2nd edition

On 10 January 2025, the second edition of the Think Circle took place at the Finnish embassy in New Delhi. The event was a collaboration between the Finland-based global packaging company Huhtamaki and the Confederation of India Industry, hosted by the Finland embassy. There were two parts to the event – a closed-door roundtable in which the Ministry of Environment, Forest and Climate Change took part with consumer product brand owners, policymakers, and Huhtamaki. The second and more public session featured a presentation of the Design for Recycling Guidance for Films and Flexible Packaging,’ and a panel discussion followed by some questions and answers.

In his opening remarks to the afternoon public session, Finland’s ambassador to India, HE Kimmo Lähdevirta said, “Finland has been at the forefront of circular economy innovation, pioneering sustainable solutions that transform how we design, use, and recycle materials. For Finland, circular economy is a tool for achieving sustainable development, combatting climate change, saving natural resources, and improving the state of the environment, all while generating economic growth and jobs.” He added that together with Indian companies, stakeholders, and government agencies, the two countries could work together in playing a leading role in advancing the circularity of flexible packaging and inspiring change globally.

After the presentation of the design for recyclability guidelines by Chinmaya Dandekar, GM packaging and sustainability at Godrej Consumer Products, a panel discussion was held. The panelists included Dandekar, Rashi Agarwal, chief business officer, Banyan Nation, Vishal Poojara, Procurement and Packaging Sustainability, ASEAN region for Mondelez India, Sanjay Gupta, head of Packaging, DS Group, Snigdha Berry, Corporate Affairs, Nestlé, and, Dhananjay Salunkhe, managing director of Huhtamaki India. The moderator was Ruturaj Kamthekar, vice president of Strategic Business Development and Marketing of Flexible Packaging at Huhtamaki.

The design guidelines span essential categories of flexible packaging applications such as food products, personal care, and homecare-related products. The guidelines point to the increased use of monomaterial structures and limiting contaminants to make them easy for mechanical recycling, which is currently the most widespread and viable method.

Conviction – sustainability is neither complex nor expensive!

The panel endorsed the guidelines including the need for monomaterials and the need to begin this transition. One suggestion, the need to standardize packaging to enhance its collection value and to make it easier to generate volumes for recycling was not fully embraced by the brand owners on the panel. In fairness, this may not have been the occasion to understand to delve into this idea in depth. To a large extent, this reflects the consumer product companies' inability to discuss and act together. They still think or believe that the multiplicity of formats and materials used are critical to the individuality and shelf–impact of their products and packaging design.

Panelist Sanjay Gupta was direct in his statements, “This business of developing and executing sustainable only requires conviction. It is neither complex nor expensive.” He was also categorical in his reply to several other questions and is one of the few persons in the industry who addresses the ideas of circular economy and sustainable packaging from a cultural and holistic point of view. He clearly understands the roles of the consumer product industry and packaging, as subsets of the entire economy and culture.

According to him, the entire society, starting from primary education to industrial engineering – needs to imbibe and embrace circularity in its thinking – at every level and stage from cradle to grave and from product concept to end of life. In addition, he approaches the entire process with optimism and simplicity emanating from his confidence in the overall evolution and progress of the country.

[global-research-report]

India's Booming Consumer Electronics Market: Key Drivers and Challenges

The India consumer electronics market size is expected to reach USD 124.94 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2023 to 2030. Rising disposable income, rapid urbanization, and the introduction of novel products in the market are expected to further contribute to the market growth.

The demand for flat refrigerators, washing machines, and TVs is rising with a decline in penetration of products vis-à-vis global levels, urbanization, and increasing disposable income of consumers. There has been an increase in imports from regions such as China and South-East Asia, considered to be low-cost regions, owing to certain free-trade agreements and the availability of low-cost products, in relation to costs about local manufacturing. To effectively suffice the rising local demand and export demand to the neighboring regions and the Middle East and Africa, global market participants are planning to expand their local manufacturing in India, thus making it an export hub.

However, presently the Indian manufacturers are facing challenges such as an inverted duty structure due to free trade agreements, which makes Indian manufacturing uncompetitive for white goods, including ACs, refrigerators, and washing machines. The non-applicability of Modified Special Packages Scheme (MSIPS) in several consumer durables; hiked excess duties, under-developed and insufficient local supplier base; and high-cost of manufacturing and capital costs owing to frequently changing energy efficiency requirements also contribute to this scenario.

The drivers contributing to the growth of this market relate to increasing levels of income and urbanization, improved affordability of products, product innovation, the availability of newer variants of products, easy consumer financing, and a rise in the share of organized retail. Increasing local value addition levels and growing investment will observe a manifold jump as an increasing number of OEMs are foreseeing the localization of their products in India.

India Consumer Electronics Market Segmentation

Grand View Research has segmented India consumer electronics market on the basis of product:

India Product Outlook (Revenue, USD Million; 2017 - 2030)

Smartphones

TV

Refrigerators

Washing Machines

Digital Cameras

Air Conditioner

Others

Key Companies & Market Share Insights

The market includes both international and domestic participants. Key market players focus on strategies such as innovation and new product launches to enhance their portfolio offering in the market.

In January 2023, Samsung introduced its latest 2023 Side-by-Side Refrigerator Range, exclusively manufactured in India, and tailored with features designed specifically for the Indian market.

In June 2022, Samsung unveiled its 2022 lineup of refrigerators, featuring the popular Curd Maestro and Digi Touch Cool ranges, both thoughtfully designed with an "India-centric design."

In October 2021, Panasonic Corporation, a leading diversified technology business in India, announced the addition of 43 new refrigerator models and 24 new washing machine models to its home appliance lineup ahead of the festive season.

In January 2021, In India, Toshiba's Home Appliance Business opened its first unique store. The Toshiba Lifestyle Centre, which opened in Bangalore, is expected to provide first-hand experience with Toshiba's home appliance portfolio, which includes refrigerators, washing machines, dishwashers, water purifiers, and air purifiers.

In December 2021, the first-ever Bespoke French Door refrigerator, Bespoke kitchen package, Bespoke JetTM vacuum cleaner, and Bespoke Washer and Dryer were displayed at Samsung's CES 2022 booth.

Key Players of India Consumer Electronics Market

Some prominent players in the India consumer electronics market include:

Samsung Electronics Co., Ltd.

LG Electronics, Inc.

Godrej Appliances

Sony Corporation

Mitsubishi Electric Corporation

Vijay Sales

Panasonic Corporation

Haier Consumer Electronics Group

Bajaj Electricals Ltd.

Hitachi Ltd.

Toshiba Corporation

Whirlpool Corporation

Order a free sample PDF of the India Consumer Electronics Market Intelligence Study, published by Grand View Research.

[tanujasaini]

Top 15 Market Players in Global Triethanolamine Lauryl Sulfate Market

Top 15 Market Players in Global Triethanolamine Lauryl Sulfate Market

The global Triethanolamine Lauryl Sulfate (TEALS) market is experiencing significant growth, driven by increasing consumer demand for personal care and hygiene products. TEALS, a surfactant known for its foaming and emulsifying properties, is widely used in shampoos, soaps, and detergents.

BASF SE: A global leader in the chemical industry, BASF SE offers a diverse range of surfactants, including TEALS, catering to various applications in personal care and industrial sectors.

Dow Chemical Company: Renowned for its extensive chemical portfolio, Dow provides high-quality TEALS, emphasizing innovation and sustainability in its product offerings.

Huntsman Corporation: Specializing in specialty chemicals, Huntsman produces TEALS for use in personal care products, focusing on performance and environmental responsibility.

Akzo Nobel N.V.: A leading global paints and coatings company, Akzo Nobel also supplies surfactants like TEALS, supporting various industries with their chemical needs.

Clariant AG: Clariant offers a range of specialty chemicals, including TEALS, with a focus on innovation and sustainable solutions for personal care applications.

Stepan Company: As a major manufacturer of surfactants, Stepan provides TEALS for use in detergents and personal care products, emphasizing quality and environmental stewardship.

Solvay S.A.: Solvay delivers a variety of chemical products, including TEALS, aiming to meet the evolving demands of the personal care industry through innovative solutions.

Kao Corporation: A prominent player in the personal care sector, Kao produces TEALS for its range of consumer products, focusing on safety and efficacy.

Croda International Plc: Specializing in specialty chemicals, Croda offers TEALS as part of its commitment to sustainable and high-performance ingredients for personal care.

Galaxy Surfactants Ltd.: Galaxy Surfactants provides a broad spectrum of surfactants, including TEALS, serving the personal and home care industries with innovative solutions.

Evonik Industries AG: Evonik offers a range of surfactants like TEALS, focusing on delivering high-quality ingredients for personal care formulations.

Sasol Limited: Sasol produces TEALS among its extensive chemical offerings, supporting various applications in the personal care and industrial sectors.

Godrej Industries Limited: A key player in the chemical industry, Godrej supplies TEALS for use in personal care products, emphasizing innovation and sustainability.

Oxiteno S.A.: Oxiteno provides a variety of surfactants, including TEALS, catering to the needs of the personal care and household cleaning markets.

Taiwan NJC Corporation: Specializing in chemical manufacturing, Taiwan NJC offers TEALS for various applications, focusing on quality and customer satisfaction.

Request report sample at https://datavagyanik.com/reports/global-triethanolamine-lauryl-sulfate-market-size-production-sales-average-product-price-market-share/

Top Winning Strategies in Triethanolamine Lauryl Sulfate Market

Sustainable Product Development: Companies are investing in the development of eco-friendly and biodegradable surfactants to meet the growing consumer demand for sustainable personal care products.

Technological Innovation: Firms are focusing on research and development to enhance the performance characteristics of TEALS, such as improving mildness and foaming properties, to cater to specific consumer preferences.

Strategic Collaborations: To expand their market reach and leverage complementary strengths, companies are engaging in partnerships and joint ventures, facilitating access to new markets and technologies.

Market Diversification: Leading players are diversifying their product portfolios to include a broader range of surfactants, reducing dependence on a single product line and addressing various market segments.

Regulatory Compliance: Companies are ensuring adherence to international safety and quality standards, building consumer trust and facilitating entry into markets with stringent regulatory frameworks.

These strategies enable companies to maintain a competitive edge in the dynamic TEALS market, fostering growth and innovation while meeting evolving consumer demands.

Request a free sample copy at  https://datavagyanik.com/reports/global-triethanolamine-lauryl-sulfate-market-size-production-sales-average-product-price-market-share/

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Sharvari becomes first-ever brand ambassador of Godrej Professional

Godrej Professional, a leading professional hair brand offering hair color and hair care from the home of Godrej Consumer Products Ltd (GCPL), has announced Bollywood star Sharvari as its first brand ambassador. The unveiling took place at the grand finale of Godrej Professional Spotlight, a platform that celebrates hair stylists on the national stage. Known for her amazing performances in films…

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