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‘Nanotechnology’ Building Big Future for Consumer Goods
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Nanotechnology has huge potential to take the consumer goods sector to new level of technological advancement. Resultantly, the total value of nanotechnology inputs used in manufacturing consumer goods worldwide is projected to grow at a CAGR of 9.4% to 2010, says “Nanotechnology Market Forecast to 2011”, a new research report from RNCOS.
This prospective high growth in value is accredited to the fact that nanotechnology has the potential to introduce innovative functions and properties to develop and improve new product and application possibilities. With intensification of R&D to use nanotechnology in various fields such as healthcare and consumer electronics, new nano-enabled products are being commercially launched in the consumer market. It is believed that more advanced and powerful computers, improved medical treatments and extraordinary items will be made available in future by nanotechnology application. The importance of nanotechnology-based solutions will also pick up with rising demand for more energy-efficient devices and high raw material cost, according to the research report.
The nanotechnology industry is at the nascent stage of development, but the demand and acceptance of nanotechnology-based products is gaining momentum worldwide, signaling bright future prospects for the industry.
The report highlights that Asia-Pacific is likely to be the key market for nanotechnology-based products in coming years, followed by the US and Europe at similar level. The prime reason for high prospective growth in the Asia-Pacific region is the domination of electronic products such as PCs, mobile devices and vehicles in global market and most of these products are primarily manufactured by the Asian companies.
“Nanotechnology Market Forecast to 2011” is an extensive report containing detailed information on the past, current and future trends of the global nanotechnology market and gives an overview of emerging trends. The report studies the nanotechnology industry by segmenting it in application, patent and R&D investment. It studies the nanotechnology markets of key countries which dominate the sector along with emerging markets.
The report features forecast on various segments of the nanotechnology industry, including share of nanotechnology in manufactured goods by leading segment, nanotechnology in textile products, funding, cosmetic applications, use of nanoparticles in energy applications and catalysis applications.
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Soaring Demand Driving Indian Baby Care Market
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According to our new research report “Indian Baby Care Market to 2013”, baby care market in India has experienced stupendous growth over the past few years due to changing consumer mindset and increasing penetration of baby care products. Rising income level, better product availability and increasing awareness have significantly transformed the baby care products industry landscape.
India has emerged as the most preferred market for the companies involved in baby care product manufacturing and marketing, says RNCOS report. The growing segment of population in the age group of 0-4 years has been providing tremendous opportunities as compared to any other baby product market worldwide. Several international players are planning to introduce specialized premium products in a bid to grab market share from well-established players like Johnson & Johnson.
While India represents huge growth opportunities, there are certain challenges for the industry. The Indian baby care market is restricted to just urban areas, despite accounting for majority sales, the urban areas are still under penetrated as compared to other developed and developing markets in the western countries.
“Indian Baby Care Market to 2013” is an exhaustive research and objective analysis on the growing baby care products market in India. The report also evaluates the factors critical to the success of baby care products market in India and deeply analyzed the market trends. Detailed data and qualitative analysis help investors to understand the latest trends in the baby care industry.
The report also provides the segment-wise analysis, forecast and information of emerging areas. The extent of the information covered in the report helps in understanding the market dynamics and the corresponding factors responsible for transformation of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM015.htm
UP TO 50% OFF ON THIS REPORT TILL May 31, 2009
Check DISCOUNTED REPORTS on: http://www.rncos.com
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India – Consumer Electronics Manufacturers, Retailers Need New Strategies to Propel Sales
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According to “Booming Consumer Electronics Market in India”, our new research report, sales of consumer electronics, such as refrigerators, televisions, washing machines and air-conditioners, increase during the festive season in India. However, the market is anticipated to see downward trend during this festive season beginning end-September and early October that lasts till January-end to early February due to the ongoing financial crunch and sharp fluctuations in the Indian stock market.
Most of the consumer financing firms such as GE Money has pulled themselves out of the market, making it tougher for Indian consumers to avail loans for their festive shopping. In such a scenario where more than 20% of air-conditioners, refrigerators and other durable products are sold through finance schemes, sales of these goods are likely to be hit hard.
‘It is not like Indian consumers don’t have money to spend; rather, there is low consumer confidence. One possible solution to entice Indian consumer is to provide them with more freebies and bundled services”, says Shushmul Maheshwari, CEO, RNCOS. Consumer electronics manufacturers should package their products in a way that the customers derive maximum value in optimum amount.
Apart from manufacturers, retailers should also offer bundled services to attract consumers. One of the recent trends is to package co-branded products and offer them at a price which is much lower than buying a single brand. Maheshwari adds, “I think adopting such a strategy will definitely bring positive results to the sector”.
“Booming Consumer Electronics Market in India” is a comprehensive and rational analysis on the booming consumer electronics industry in India. The report discusses the latest industry trends and provides extensive analysis on various consumer electronics segments such as home appliances: Washing Machines, Television, Refrigerator, ACs, Set Top Box, Microwave Oven; Mobile handsets, Audio/Video Appliances: DVD players, MP3 Players, Digital Camera and camcorder: and PC Market. It thoroughly analyses each of the segments based on their current performance and future outlook in the industry.
The report also highlights key strategies to successfully penetrate the highly lucrative Indian market. It also outlines the areas which need more attention in terms of development or investment for the flawless growth in the industry.
For more information visit: http://www.rncos.com/Report/IM157.htm
Current Industry News: http://www.rncos.com/Blog/
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The culprits of rising western apparel prices
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The last decade of lower prices in textiles was mostly due to the large quantity of exports on the international market, coming mostly from developing economies. Exports from countries such as China and India were mainly responsible keeping the prices of textiles low. From the late 1990s till 2007, China doubled its market share in terms of clothing imported by the US to more than 16 percent. However, as commodity prices are on the rise all over the world, the era of cheaper apparel prices may have come to an end.
Energy prices, the price of crude oil and stable foods have increased at an unprecedented rate over the last year. To the dismay of many people around the world, this is no sign that this trend will subside in the near future. Along with other commodity prices, the price of clothing has increased dramatically as well—especially that of women's clothing. According to Ezinearticles.com, increases of 20-30 percent should be expected in clothing prices in some parts of the world. Consumers in the West, who are accustomed to having a wide range of cheaper imported clothing—either made or assembled abroad—are in for an unwelcomed shock. This is especially true in the United States, where the dollar has fallen substantially against most other currencies. The depreciating dollar will result in more expensive imports and therefore even more daunting retail prices for American consumers.
If US consumers take a look at fine print on their clothing tags, chances are they will rarely see a tag that says "Made in the USA." Most clothing in the US and Europe is imported from abroad—where cost of labor, raw materials and production is much cheaper. However, inflation and increases in wages have led to increases in the cost of production in large exporting countries such as China and India. According to Emergingtexttiles.com, the inflation rate in China was 4.80 percent in 2007 and is expected to reach to 5.50 percent in 2008. The inflation rate in Vietnam, another large textile exporter, reached 23 percent in June 2008. Overall, the Asian Development Bank’s official for Asian inflation is 5.1 percent for 2008. However, Rajat M. Nag, managing director general at ADB predicts that it will be higher. With rising prices all over Asia, production and labor costs will continue to increase in developing countries. As we speak many people in Asia, who work in the textile industry, are feeling the pinch on their margins. In the west, the same effect will be amplified as textiles make their way down to the retail chain.
The rise in textile prices is partially due to the fact that rising food prices have such huge impact on wage-earners in developing countries. In certain countries, food accounts for 40 percent to 70 percent of the monthly spending of citizens. Thus any price hike in food in these types of countries, especially in that of staple foods, will have a significant impact—not only on expendable income, but also quality of life. For instance, food prices in Vietnam rose 22 percent in May 2008 alone and as much as 50 percent in other Asian countries this year. Wages are starting to increase to counteract the inflation and are thus contributing to higher production costs. In certain situations where they have not, workers in the textile and other industries have joined forces to try to force companies to absorb at least a portion of the price hike. Nike is one such company who was faced with large-scale strikes. In the end, they were forced to raise wages by as much as 10 percent in some of their factories. Higher cost of labor means higher retail prices.
The staggering price of crude oil is also accountable for the increasing apparel prices in the West. Higher transportation and shipping costs, of both finished goods and raw materials, will be dearly felt by the consumer at the other end of the price tag. However, textiles such as clothing and bed sheets are a necessary commodity; consumers will not stop buying these goods because they are more expensive. It will be interesting to see how higher textile prices will effect consumption patterns. Will consumers opt for cheaper goods or choose to sacrifice quantity for quality?
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India – Most Economical Destination for Conducting Global Clinical Trials
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Developing a new drug is getting costlier, with our research, “Booming Clinical Trials Market in India”, estimating the cost of developing a new drug at nearly US$ 1200 in 2008, with nearly half of the cost being spent on clinical trials (phase-I to phase-IV). As a result, all major drug companies and CROs are outsourcing their clinical trials to offshore destinations to curb their surging costs.
According to our analysis, India is one of the most economical destinations for conducting global clinical trials. Companies can save a substantial amount in India on both staff and utilities. For instance, the salary of a clinical research associate is only 13% of that in the US and 17% and 19% as that in the UK and Germany respectively. Similarly, the cost of a biostatistician in India is only 15%, 18% and 17% as that in the US, UK and Germany respectively. Companies also save substantially on utilities and land while setting up their operations in India.
The report has done a thorough cost analysis of conducting phase-I, phase-II, phase-III and phase-IV clinical trials in India and abroad and concludes that drug manufacturers and CROs can save anywhere between 50% and 75% by outsourcing their clinical trials to India.
The research says that delay of a single day in completing a clinical trial can cost a company exorbitantly. However, India scores here too as it has a much better track record in patient recruitment and trial completion as compared to many other clinical trial destinations. In fact, companies can cut upto 30% to 40% time required to complete various phases of clinical trials choosing India as the outsourcing destination.
“Booming Clinical Trials Market in India” gives an extensive and objective analysis on the Indian clinical trials market. It investigates the advantages/disadvantages India has in becoming a global clinical trials hub. The report exhaustively evaluates and compares the key factors that drug companies and CROs look before outsourcing clinical trials to a country. These include patient pool, regulatory environment, cost, infrastructure, human resources and past performance in conducting clinical trials.
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