Demand for Ride Hailing Services Market to Incur Considerable Upsurge During the Forecast Period

The global ride hailing services market size is expected to reach USD 82.37 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.8% during the forecast period. Rising need to combat the rushing traffic coupled with pilling road taxes is expected to expand the scope of ride-hailing services. These rides are easily traceable and the contacts of both the passenger and driver are easily accessible. This factor is projected to bode well for the adoption of these services. Low cost of car ownership and growing employment opportunities is expected to open new avenues over the next few years.

In January 2019, TukTuk-Ride launched a new ride hailing service app for ten major cities in India. The consumers have to pay INR 14 per kilometer for cabs and INR 8 per kilometer for bike taxis. The organization is also planning to expand their services by incorporating luxury cars, vintage cars, e-bikes, deliver vehicles, and ambulances in the same service segment. Dallas-based Alto launched its ride hailing service in January 2019, through the funding of USD 14.5 million from companies including Road Ventures and Frog Ventures. The company will expand to more U.S. cities by the end of 2019.

Some of the automotive manufacturers are expected to enter the market to maintain their customer base over the next eight years. For instance, developing economies including China and India are expected to remain some of the favorable destination as a result of urbanization and expansion of middle-income population. Furthermore, other cab hailing services are entering the China ride sharing service market. For instance, in October 2018, SAIC Motor, Geely and Daimler jointly announced plans for new ride hailing services in China. Additionally, BMW initiated its premium service, ReachNow for China in January 2019. The new venture has a crew of drivers to chauffer rides in a fleet of 200 BMW 5 series. The organization plans to include Mercedes-Benz E-Class and Audi A6 in the fleet. The service will cost around USD 3 per kilometer.

In January 2019, Grab Holdings Inc. announced plans for commencing three new ride hailing services under the names, GrabShuttle, GrabCall, and GrabCall in Myanmar. GrabShuttle will be targeted at office workers and university students and GrabCall will allow booking cabs through call center agents. Grab Web Booking allows booking trips through online portals.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/ride-hailing-services-market

Further key findings from the report suggest:

·       E-hailing offering segment accounted for more than 50% of the market share in terms of revenue in 2018

·       Car rental offering segment is expected to register the fastest CAGR of 13.8% from 2019 to 2025

·       North America held a market share exceeding 35% in 2018 and is anticipated to register significant growth over the forecast period

·       Asia Pacific is expected to witness the fastest CAGR of 13.9% in the ride hailing services market during the forecast period

Grand View Research has segmented the global ride hailing services market on the basis of offering and region:

Ride Hailing Services Offering Outlook (Revenue, USD Million, 2015 - 2025)

·         E-hailing

·         Car Sharing

·         Rental

Ride Hailing Services Regional Outlook (Revenue, USD Million, 2014 -2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Impact of Existing and Emerging Plastic Container Market Trends And Forecast by 2025

The global plastic container market size is anticipated to reach USD 112.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Increasing demand for convenient food products such as functional and nutritional drinks is expected to expand the scope for packaging container over the forecast period.

Packaging plays a crucial role in adding value to the product. Plastic packaging in the food and beverages industry is increasingly preferred owing to its aesthetic appeal and convenience, which attracts both manufacturer and consumer. This, in turn, is expected to fuel product demand over the forecast period.

PET is prominent material used for manufacturing plastic container. Attributes such as non-toxic, safe, and lightweight make it a preferred material for soft drinks, juice, and bottle water. Growing consumption of juice, functional drinks, and bottle water is expected to increase use of PET bottle and container in the food and beverages industry. Use of HDPE in plastic container is expected to witness significant growth over the forecast period.

HDPE is a preferred material for cosmetics, milk bottle, and jars. HDPE have superior barrier protection properties that protect the product from harmful radiation, moisture, and microbes, thereby extending the shelf life of product. Moreover, this material has superior strength and can be recycled, thereby making it a preferred material for shampoo, industrial lubricants, and paints.

Beverages accounted for more than 50.0% share of the global revenue in 2018. Increasing consumption of soft drinks in emerging countries such as India is expected to increase product demand over the forecast period. The cosmetic segment is expected to expand at the highest CAGR of 4.7% over the forecast period owing increasing demand for cosmetic products in China, South Korea, and India. This, in turn, is expected to expand the scope of plastic container over the next few years.

Asia Pacific dominated the global plastic containermarket and is expected to maintain its lead throughout the forecast period. Hectic working schedule has increased the demand for convenient food and beverages. This trend has resulted in increased demand for nutritional food and beverages, which, in turn, necessitated product launches in the region. Such factors are expected to expand the scope of plastic packaging, as this packaging type helps in extending product’s shelf life.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/plastic-container-market

Further key findings from the report suggest:

·       By end use, beverages generated a revenue of USD 44.5 billion in 2018. The pharmaceutical sector is expected to reach USD 8.2 billion by 2025

·       China is one of the largest markets for plastic container. The country accounted for more than 70.0% share of the Asia Pacific market in 2018

·       The global plastic containermarket is highly fragmented with the top five players accounting for less than 10.0% share of global market

·       Some of the key players operating in the market are Amcor Limited, Berry Global Inc., Alpha Packaging, Silgan Holdings Inc., CKS Packaging, Inc., CCC Packaging, Polytainers Inc., Airlite Plastics., RPC Group Plc., and Reynolds.

Grand View Research has segmented the global plastic container market by material, end use, and region:

Plastic Container Material Outlook (Revenue, USD Million, 2015 - 2025)

·         PET

·         PP

·         HDPE

·         LDPE

·         Others

Plastic Container End Use Outlook (Revenue, USD Million, 2015 - 2025)

·         Beverages

·         Food

·         Pharmaceutical

·         Cosmetic

·         Household Care

·         Industrial

Plastic Container Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

·         Asia Pacific

o    China

·         Central & South America

o    Brazil

·         Middle East & Africa

o    UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Body Scrub Market Projected To Be Worth $18.9 Billion By 2025

The global body scrub market size is expected to reach USD 18.9 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.1% CAGR over the forecast period. Growing awareness regarding skincare and the desire to have younger looking and healthier skin are expected to drive the market. Body scrubs, or exfoliants, have several benefits; they eliminate dead skin cells and dirt, cleanse and rejuvenate the skin, and increase blood circulation. These advantages have upped their usage and demand among consumers.

Another factor driving product uptake is increasing number of working women in developing countries such as China, India, and Brazil. A surge in disposable income has resulted in growing spending on bath and beauty products, including body scrubs. This factor is anticipated to fuel the market over the forecast period. Use of essential oils in scrubs, such as coconut oil or olive oil, helps in maintaining skin moisture and protects the skin from different allergies. This feature also drives product demand.

Asia Pacific dominates the global body scrub market and is expected to reach USD 6.6 billion by 2025. This revenue growth is attributed to high awareness regarding skincare among consumers and rapidly increasing population in countries like China and India. These countries have been attracting more players to invest in R&D so as to meet growing demands and requirements of people with various skin types.

North America is expected to be the fastest growing market, exhibiting a CAGR of 5.6% from 2019 to 2025. This region is expected to witness steady growth in light of higher spending power and rising awareness about healthier and younger-looking skin, especially in U.S. Furthermore, strong brand goodwill and foothold of major industry players, including Soapworks Santa Cruz and Home & Body Co., through their well-established distributor networks in the region is projected to remain a favorable trend.

Plant-based scrubs accounted for 46.8% of the overall market in 2018 owing to the many benefits they provide, resulting in a significant shift in consumer preference. An increasing number of salons and skin treatment centers globally have upped their usage and demand for these product variants to treat different skin problems.

The milk-based segment is also expected to witness rapid growth owing to increasing popularity of these product variants. They offer various benefits such as skin whitening and lightening, anti-aging, and treating sunburns. These products also have anti-inflammatory properties.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/body-scrub-market

Further key findings from the report suggest:

·       The plant-based segment is expected to value USD 9.1 billion by 2025, fueled by growing uptake of these products across salons and skin treatment centers

·       The online distribution channel is expected to register the highest CAGR of 6.0% over the forecast period owing to a thriving e-commerce industry and easy availability of a wide range of products

·       Europe is expected to account for a share of 21.04% by 2025. Consumers in countries likeFrance, Germany, U.K., and Spain prefer using body scrubs instead of regular soaps to exfoliate and rejuvenate the skin

·       Key industry players in this body scrub market include The Body Shop; Shieshdo; 3Lab Inc.; The Face Shop; Tonymoly Co. Ltd.; L’Oreal; The Forest Essentials; Sephora Inc.; and Innisfree Corporation.

Grand View Research has segmented the global body scrub market on the basis of type, distribution channel, and region:

Body Scrub Type Outlook (Revenue, USD Million, 2015 - 2025)

·         Plant-based

·         Milk-based

·         Others

Body Scrub Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

·         Hypermarket/supermarket

·         Convenience Stores

·         Online

Body Scrub Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

·         Europe

o    U.K.

o    Germany

·         Asia Pacific

o    China

o    India

·         Central & South America

o    Brazil

·         Middle East & Africa

o    South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Women wear Market Expected To Trigger A Revenue To USD 1,913.88 Billion By 2025

The global women wear market size is expected to reach USD 1,913.88 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% during the forecast period. Rising fashion consciousness, constantly changing trends coupled with strong inclination towards following these trends are the key factors driving the market. Furthermore, increase in the number working women leading to increased spending on apparels is anticipated to drive the growth.

Asia Pacific is expected to register the fastest CAGR of 5.5% from 2019 to 2025. This region is expected to witness significant demand in the forthcoming years due to increasing awareness among women to keep up with the latest fashion trends, rise in disposable income, and increasing investments by foreign brands in the form of new outlets. Availability of women wear by local manufacturers and designers at a cheaper rate is expected to remain a prominent factor in benefiting the growth. The market is mainly driven by the presence of strongly developing economies such as China and India, where the spending power of the population is also witnessed rising rise.

Europe is anticipated to hold the highest share of the women wear market, accounting for 37.94% in 2018. U.K., Germany, Italy, and France are the prominent markets in this region. The growing fashion trends usually originate from Europe along with the use of designer apparels makes it the largest market for women apparels. The presence of premium companies such as Armani, Gucci, and Zara SA makes this region even more significant due to high demand for these brands.

North America is anticipated to be the second largest regional segment in terms of revenue with market share of exceeding 26% at the end of the forecast period. This growth is attributed by the high spending capacity of the population in developed economies such as U.S. The strong foothold and goodwill of branded companies such as Nike, Tommy Hilfiger, and Levis Strauss & Co. has made North America account for a considerable market share.

Top wear accounted for 33.51% of the overall market share owing to high demand witnessed due to constantly new trends emerging as compared to bottom wear. The footwear segment is anticipated to witness slight decline owing to high penetration of many industry players. The active participation of women in sports is a key factor driving the sports apparels and footwear demand across the globe. Especially in developing and under-developed countries the governments are encouraging more participation of women in sports and other fitness related activities, which in turn is projected to bode well for the market growth.

In terms of distribution channel, the offline segment accounted for the highest market share as majority of consumers want to personally scan the product first by trying it on, material used, and color preferences. Also, the high demand for designer apparels and footwear is one of the key reason fueling the growth of this segment. The emergence of online portals such as Myntra, Amazon, Flipkart, and others along with increasing preference of consumers for online purchase due to many value added services such as Cash on Delivery, free trials and returns, and doorstep delivery.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/women-wear-market

Further key findings from the report suggest:

·       The market for top wear is projected to exceed a revenue of USD 657.22 billion by 2025

·       Footwear segment is anticipated to generated a revenue of USD 124.98 billion in 2018

·       Europe is expected to account for 37.77% of global revenue share by 2025

·       Some of the key players operating in the global women wear market include Giorgio Armani S.p.A., MANOLO BAHNIK, DIOR, LOUIS VUITTON, Burberry, DOLCE & GABBANA S.R.L, PRADA, Guccio Gucci S.p.A., Chanel, Gianni Versace S.r.l.to name a few.

Grand View Research has segmented the global women wear market on the basis of type, distribution channel, application, and region:

Women Wear Type Outlook (Revenue, USD Billion, 2015 - 2025)

·         Top Wear

·         Bottom Wear

·         Sports and Active Wear

·         Intimates & Sleepwear

·         Footwear

·         Accessories

·         Others

Women Wear Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

·         Offline

·         Online

Women Wear Region Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com