Thursday, 7 May 2020

Automotive Suspension Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2026

The worldwide Automotive Suspension Market is anticipated to reach USD 127.6 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the passenger cars segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automotive suspension market.

The increasing need to offer high quality driving experience along with enhanced comfort and safety drives the automotive suspension market growth. The increasing production of motor vehicles across the world, and growing popularity of luxury automobiles boosts the adoption of automotive suspension. 


The growing safety concerns have encouraged market players to integrate advanced automotive suspension systems in vehicles to improve the overall driving experience. Factors such as technological advancements, and use of light-weight material for suspension systems would fuel the automotive suspension market growth during the forecast period. New emerging markets, increasing demand of automobiles, and growing safety concerns are factors expected to influence the market in the coming years.

Asia-Pacific is expected to lead the global automotive suspension market during the forecast period. Significant investment by market players to improve driving experience coupled with favorable regulations regarding transportation safety drive the growth of Automotive Suspension market in this region. Technological advancement and introduction of advanced automotive suspension systems by the market players has increased the acceptance of automotive suspension systems in the region. The rising demand for luxury vehicles, and economic growth in countries such as China and India boost the market growth in the region. Expansion of global players into these countries to tap market potential boosts the market growth.


The key players operating in the automotive suspension market include Multimatic Inc., Continental AG, Tenneco Inc., ZF TRW, Hendrickson USA, L.L.C, Thyssenkrupp AG, Magneti Marelli S.p.A, Sogefi SpA, WABCO Holdings Inc., and NHK Spring Co., Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


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Material Handling Equipment Market Growth Factors, Regional Analysis, Applications, & Manufacturers and Forecasts

 The global material handling equipment market size is anticipated to reach USD 46.2 billion by 2026 growing at a CAGR of 6.6% from 2019 to 2026 according to a new study published by Polaris Market Research. The report ‘Material Handling Equipment Market Size By Type (Storage & Handling Equipment, Industrial Trucks, Bulk Material Handling Equipment, Others); By Application (Assembly, Storage, Packaging, Transportation, Others); By End-User (Automotive, Electronics, Chemical, Pharmaceutical, Aviation, Others); and By Region]’ Segments and Forecast 2019 – 2026’ provides insights on the current market scenario and the future prospects.

 In 2018, the industrial trucks segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market in 2017. There has been an increase in adoption of material handling equipment across the world owing to growing manufacturing industry. The increasing need for efficient warehouse operations, and increasing automation of manufacturing processes further supports the market growth.


Other factors driving the growth of this market include growth in the global automotive industry, reduced availability and high labour costs. Also, increasing demand of material handling equipment in chemical, pharmaceutical, electronics, and food and beverage industries has created the need to develop new innovative products for diversified application areas in these sectors. However, high initial investment might restrict the growth of material handling equipment market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the market during the forecast period.

The global Material Handling Equipment industry is segmented on the basis of type, application, end-user, and region. Based on the type, the market is segmented into storage & handling equipment, industrial trucks, bulk material handling equipment, and others. The application segment is divided into assembly, storage, packaging, transportation, and others. The end-users scope includes automotive, electronics, chemical, pharmaceutical, aviation, and others.

  
During 2018, Europe generated the highest revenue in the Material Handling Equipment market. The increasing automation in the manufacturing sector, and the established automotive industry drive the growth of this market in Europe. Government encouragement and related strict regulations to implement operator safety measures are driving the companies towards material handling systems for operating hazardous materials. Moreover, increasing investments and subsidies by governments are expected to boost the adoption of material handling equipment in this region. The need to improve efficiency and productivity along with increased industrialization and automation further supplements market growth. Asia-Pacific is expected to grow at the highest CAGR in during the market during the forecast period.

The Material Handling Equipment Market report also includes a section for profiles of key companies in this market. Some of the key vendors profiled in this report include Daifuku Co., Ltd., KUKA AG, Dematic GmbH & Co., Crown Equipment Corporation, Clark Material Handling Company, Columbus McKinnon Corp., Beumer Group GmbH, Kion Group, Intelligrated, Inc., SSI Schaefer


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Computer Numerical Control Machine Market Analytical Overview, Growth Factors, Demand and Trends by 2026

The global CNC machines market size is anticipated to reach USD 106.54 billion by 2026 according to a new report published by Polaris Market Research.  The report “Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report By Type (Milling Machine, Lathe Machine, Grinding Machine, Welding, Winding Machine, Laser Machines, Others); By Application (Industrial, Automotive, Aerospace and Defense, Electronics, Others); By Regions, Segments & Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

In 2018, lathe machine segment dominated the global industry in terms of revenue. Among regions, Asia Pacific will represent region with maximum computer numerical control machine market share during forecast period.

An increasing mechanization drive happening globally in sectors such as healthcare, construction, automotive and oil and gas are expected to support growth. The other factors include high accuracy, greater precision, reduced human errors and increased safety. The rising demand for mass production would boost industry during forecast period. However, restraints in the form of high investment costs pull the market down. Growing demand from emerging economies and technological advancements are factor expected to boost CNC machine market.


Computer numerical control machines are used to automate manufacturing and produce large number of products in verticals such as aerospace, automotive, defense, electronics and healthcare. Increasing demands for energy efficient computer numerical control machines have been on the word go for over the years. Use of energy efficient computer numerical control machine assists in conserving electricity and reducing costs while manufacturing high quality products.  Thus, manufacturers would prosper by introducing energy efficient CNC machines along with good prospects for computer numerical control machine market growth.

Asia Pacific generated the highest revenue in 2017 and will do so throughout the forecast period. The presence of emerging sectors such as agriculture, healthcare, finance, construction and automotive, including focus on R&D efforts, and growing need for automation drive growth. Fast industrialization and huge growth of manufacturing industry bolsters growth in the region.


The different types of CNC machines include milling machine, lathe machine, grinding machine, welding and winding machine and others. In 2017, lathe machine segment accounted for largest CNC machine market share.  The introduction of multi-axis machine types, ease of operation and high precision foster the adoption of lathe machines. Lathes are used widely in industries such as automobiles, mining, manufacturing, construction and others.

The leading players in Computer Numerical Control Machine Market include Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, GSK CNS Equipment Ltd., Amada Machine Tools Co. Ltd., Haas Automation, Inc., DMG Mori Co., Ltd., Heldenhain GmbH, Sandvik AB, Bosch Rexroth AG, Soft Servo Systems, Inc., and Yamazaki Mazak Corporation among others.


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Wednesday, 6 May 2020

Pet Wearable Market Regional Insights, Trends, Revenue & Forecast To 2026

The worldwide pet wearable market is anticipated to reach USD 4,172 million by 2026 according to a new research published by Polaris Market Research. In 2017, the identification and tracking segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global pet wearable market.
The increasing adoption of pets, along with growing awareness regarding pet care and safety majorly drives the market growth. Consumers are increasingly becoming aware of safety concerns regarding pets, which support market growth. The increasing penetration of mobile devices, and increasing disposable income encourage consumers to invest in pet wearable. Other factors driving market growth include increasing need of monitoring pets, growing adoption of IOT, and technological advancements. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for pet wearable market in the coming years.Sale of products through online channels has gained significant popularity over the years. 
The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

North America is expected to dominate the global market during the forecast period. This is due to high living standards and high disposable income. Presence of global players in these countries taps market potential and boosts the market growth. Increasing use of mobile devices and increasing sale of GPS-enabled products further augments market growth. Growing concerns regarding pet safety, and technological advancements further boost the market growth.

The various types of pet wearable products include smart collar, smart camera, smart harness, and others. Smart cameras dominated the global market in 2017 owing to increase need to monitor pets. These cameras monitor the pet activities while also offering features such as audio and toys. Growing awareness regarding smart wearable technology coupled with increasing development of customized mobile applications and software platforms is projected to fuel the demand for smart cameras. 
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The well-known companies profiled in the report include DogTelligent, Garmin Ltd., GoPro, Dairymaster, Fitbark, IceRobotics, Loc8tor, PetPace LLC, Whistle Labs LLC, Otto Petcare, DeLaval, i4C Innovations. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. 
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We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Fuel Cell Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2026

The global fuel cell market is estimated to reach USD 13.71 billion by 2026 growing at a CAGR of 17.5% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Fuel Cell Market Share, Size, Trends, & Industry Analysis Report, By Type (Solid Oxide Fuel Cells, Phosphoric Acid Fuel Cells, Proton Exchange Membrane Fuel Cells, Molten Carbonate Fuel Cells); By Application; By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the stationary application segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

Government regulations and favorable public initiatives regarding energy consumption have boosted the adoption of fuel cell. Growing concerns regarding environment, increasing demand for unconventional energy sources, and increasing adoption of power efficient energy systems further support the market growth. Additionally, higher efficiency offered by fuel cells as compared to other power generating systems, and growth in adoption of distributed power system would boost the market growth during the forecast period.


Other factors supporting market growth include supportive government regulations, increasing awareness, adoption of green technologies, and technological advancements. Increasing investments by vendors in advancements in hydrogen storage, and increasing demand of fuel cell vehicles further boosts the market growth.
  
Asia-Pacific generated the highest revenue in the fuel cell industry in 2018, and is expected to lead the global market throughout the forecast period. The increasing awareness among consumers, and rising environmental concerns drive the fuel cell market growth in the region. The governments in the region are investing significantly to promote the adoption of fuel Cell. The increasing application of fuel cells in commercial, and transportation sector further supports the market growth in the region. The increasing penetration fuel cell electric vehicles, and significant increase in power consumption accelerates the adoption of fuel cells in the region.

The Phosphoric Acid Fuel Cells (PAFCs) use liquid phosphoric acid, ceramic electrolyte and a platinum catalyst. PAFCs operate at a higher temperature, and are capable of handling small amounts of fuel impurities. PAFCs are used in high-energy demand applications, such as hospitals, schools, and manufacturing and processing centers. Solid Oxide Fuel Cell (SOFCs)


are the highest temperature fuel cells, operating at about 1800 degrees Fahrenheit. SOFCs use a dense layer of ceramic as an electrolyte, a non-platinum catalyst, and are commonly fueled by natural gas. SOFCs can achieve electrical efficiencies of 50% to 60%, and 70%-80% in CHP applications. SOFCs are used in applications such as small residential auxiliary power units, and large-scale stationary power generators for buildings and businesses.

The well-known companies profiled in the report include Aisin Seiki Co. Ltd., Ceres Power Holdings PLC, Plug Power Inc., Panasonic Corporation, Ballard Power Systems, Inc., Nedstack Fuel Cell Technology, Horizon Fuel Cell Technologies, Intelligent Energy Limited, Mitsubishi Hitachi Power Systems, Ltd., and Toshiba Fuel Cell Power Systems Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Solar Panels Market 2020-2026 | Growth Opportunities to Tap into in 2020-2026

The global solar panels market size is anticipated to reach USD 90.23 billion by 2026 growing at a CAGR of 12.4% from 2018 to 2026 according to a new report published by Polaris Market Research. It provides insights on the current market scenario and the future prospects. In 2017, the commercial segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

The increase in the adoption of renewable energy sources, significant investments in environmental protection, coupled with government initiatives aimed at increasing the adoption of solar panels majorly drives the market growth. Increasing demand for sustainable energy solutions and government efforts in the form of incentives and schemes boost the market growth. Growing concerns regarding environmental pollution caused by use of fossil fuels and their limited availability further support the market growth. New emerging markets, and declining costs of photovoltaic materials would provide growth opportunities in the market in the coming years.


Asia-Pacific generated the highest market share in terms of revenue in 2017, and is expected to lead the global market throughout the forecast period. The growing urbanization, and depleting traditional energy sources has accelerated the market growth in the region. A significant rise in the initiatives taken by governments of China, India, and Japan to promote the use of solar technology to reduce carbon footprint supports the market growth in the region.
Leading global players are expanding their presence in developing nations of India, China, and Japan to tap the growth opportunities offered by these countries. In June 2017, Heraeus Photovoltaics, a major player in the solar energy market, partnered with Solar Space, a China-based multicrystalline solar cell producer for technological advancement and development of innovative solar panels. In September 2017, Heraeus Photovoltaics, entered into a partnership agreement with JinkoSolar Holding Co., Ltd. Through this partnership, the companies plan to develop advanced solar panels offering higher efficiency and lower costs.


The well-known companies profiled in the Solar Panels market report include Yingli Green Energy Holding, Suntech Power Holdings, SunPower Corporation, Panasonic Solar Panels, Hanwha Q CELLS, Jinko Solar, Canadian Solar, Trina Solar, First Solar, and Bosch Solar Energy. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Digital Signage Market Trends, Drivers, Strategies, Segmentation Application with Top Key Players

According to a new study published by Polaris Market Research the global digital signage market is anticipated to reach USD 34.9 billion by 2026. Digital signage helps the companies to promote their products and services using creative ideas, thus reaching out to a large number of audiences at a single time. Digital signages uses audio visuals, thus eliminating the need for printed materials. They are also used for information sharing with the help of self-service kiosks and information kiosks. Different industry verticals are adopting to this technology, owing to its cost effectiveness and due to the ease of content sharing.

The data on digital signages can be shared simultaneously to different screens installed at different locations, thus reducing the time and cost and helps in providing better control over the data displayed. Due to these advantages, the market for digital signage is projected to gain traction over the forecast period.

Displays play a major role in the overall digital signage market. Display technologies such as LCD, LED and projection are widely used. Currently the market for LCD is high, however with the growing adoption of LED display panels, the market for LED display is anticipated to gain traction during the forecast period. This is majorly due to the flexibility, brightness and clarity which these LED screens provide. There are different types of digital signages which are being used in the market which include transparent LED screens, video walls, video screens digital posters and kiosks.


The market share for video screens is high, however video walls are estimated to gain a larger market share due to its increasing usage in different industry verticals. These video walls can be used both indoors and outdoors and can be installed and implemented according to the different shapes of the buildings. Kiosks on the other hand are being used widely in educational institutes, offices and malls for self-help and are estimated to gain traction.

Digital signage components which include hardware, software and service are also gaining a good traction in the market. Hardware is one of the crucial component for digital signage, since it is used for displaying the information. This hardware is expensive and majorly include screens, connectivity hardware and sensors. Software on the other hand helps to display and upload the content on these screens and help them to connect with the central servers. The service segment includes installation and maintenance of these hardware and software. It is estimated that the market for hardware would gain a significant traction followed by software and service segment during the forecast period.

Retail sector is one of the largest adopter of the digital signage technology followed by banking, transportation, government and hospitality industry. This adoption by the retail sector is due to the increasing need and requirement of the retail stores to promote their products, service, offerings in a more attractive way to attract more customers. Along with this sector, the transportation vertical incorporates the use of computerized advertising and screens at airplane terminals, railroad stations, metro platforms, and transport stands. Furthermore, the digital screens are additionally utilized on the streets, over and inside taxis, public transport systems, and on terminals for information sharing as well for advertisements. This increased usage and application in different verticals is boosting the global market for digital signage.

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Head Up Display Market 2020 COVID-19 Impact Analysis, Industry Trends, Growth and Future Scope

The global head up display market is estimated to reach over USD 15.3 million by 2026 according to a new study published by Polaris Market Research. The key reason for HUD market growth is the emergence of Augmented Reality which is used as an assistant between drivers and vehicle that leads to safer driving. Thus, with the invention of new driver-centric innovative products, HUD market has gained traction over the forecast period. HUDs are transparent displays which provide different information to the driver in real-time at a single screen, thus helping the driver to safely cruise in his vehicle. They were prominently used in the aircrafts, however with technological innovations, the adoption of such displays has gained significant traction in the automotive sector. 

In terms of volume, the number of shipments in automotive segment of HUD is expected to increase significantly over the forecast period.  The combination of Head-Up Displays with the driver assistance systems which has implemented by large number of manufacturers has propelled the growth of the HUD market. The automotive sector is projected to have a remarkable market share during the forecast period. Due to the enhancing need for road safety among passengers and increasing demand for establishing latest technology in military aircrafts, automotive and defense sectors were the major worldwide demand generators.


Global Positioning System (GPS) is one of the factor for the growth of HUD market. Adaptive cruise control is one of the innovative technology that gained traction in Head-Up Display market. Invention of portable Head-Up Display in basic & mid segment cars has also spurred the market growth. Car manufacturers such as BMW and AUDI are working with HUD producers to implement HUD in mid segment cars. HUDs till date were majorly used in the luxury or sports car segments, however companies are trying to make it a standard feature across all the variants of their cars. The Head Up Display market growth is attributable to the enhanced perception concerning safety. Along with this, implementing advanced feature in the standard cars is also fueling the market for HUDs globally.



Key finding from the study suggest that the automotive application segment holds a significant market share in HUD application during the forecast period. Currently, North America dominated head-up displays in the global market followed by Europe. The large number of technology companies and heavy spending on R&D are the factors that spur the market growth in North America. Asia-Pacific region is projected to gain higher growth rate over the forecast years. Key market players of Head-Up Display include BAE Systems, DENSO Corporation, Elbit Systems, Robert Bosch LLC, Visteon Corporation, and YAZAKI Corporation.

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Electric Scooter Market Latest-Application, Business Opportunities by Top Key Service Provider

According to a new research published by Polaris Market Research the electric scooter market is anticipated to reach over USD 51,324 million by 2026. In 2017, the retro product segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

Several stringent vehicular emission norms passed by governments worldwide have boosted the adoption of electric scooters. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce fuel consumption further support the growth of this market. Additionally, the increasing acceptance and high success rates of electric cars have encouraged market players to apply similar technologies in the two wheeler segment and optimize performance. Increasing investments by vendors in technological advancements coupled with decreasing prices of Li-ion batteries and powertrain components would reduce the overall cost of these vehicles in the coming years, further boosting the market growth.


The demand for electric scooters has increased significantly over the years owing to increasing prices of gasoline across the globe. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to electric scooters. Limited availability of public charging infrastructure for electric vehicles has limited the adoption of these vehicles in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly.

Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles. In 2016, Canada invested $62.5 million to support electric vehicle (EV) and alternative fuel infrastructure. It also aims to invest $16.4 million for development of more than 80 new charging units for electric vehicles, along with development of natural gas and hydrogen refueling stations along key transportation corridors. In August 2012, the Government of India approved an investment of 230 billion rupees in the development of electric and hybrid vehicle production and aims a target of 6 million vehicles by 2020. These initiatives by the government are expected to accelerate the adoption of electric vehicles in the coming years.



Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing disposable incomes in developing countries of this region, and rising environmental concerns drive the market growth in the region. The increasing population of vehicles and adoption of vehicular emission standards of the U.S. and European Union by Asia-Pacific countries further promotes the adoption of electric scooters. Development of public charging infrastructure further supplements growth in the region. Local players are introducing low cost electric scooters with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in electric scooter markets of the Asia-Pacific region.

The different battery types used in electric scooters include lead-acid, li-ion, NiMH, and others. In 2017, the lead-acid segment accounted for the highest market share. Lead-acid batteries are commonly used as a source of battery in electric scooters. They are comparatively cheaper than other batteries but offer low kilowatt-hours of energy storage per kilogram of weight. These batteries are inexpensive, reliable, and safe. However, these batteries offer low specific energy, short life cycle, and poor cold-temperature performance, which restrict its use in major applications. These batteries could be easily replaced by lithium-ion batteries in the coming years, however, automakers use it in vehicles owing to its low cost.

Do you have questions or special requirements? Ask our industry experts: https://www.polarismarketresearch.com/industry-analysis/electric-scooter-market/speak-to-analyst

The well-known companies profiled in the report include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, Jiangsu Xinri E-Vehicle Co. Ltd., Green Energy Motors Corp., and BMW Motorrad International among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Tuesday, 5 May 2020

COVID-19 Demand: Herbal Medicine Market | 10-Year Market Forecast and Trends Analysis Research Report

The global Herbal Medicine market size is expected to reach USD 411.2 billion by 2026 according to a new study by Polaris Market Research. The report “Herbal Medicine Market Share, Size, Trends, Industry Analysis Report By Category (Pharmaceuticals, Functional Foods, Dietary Supplements, Beauty Products); By Form (Tablets & Capsules, Powders, Extracts, Syrups, Others); By Source (Leaves, Roots & Barks, Fruits, Whole Plants, Others); By Distribution Channel (Hospitals & Retail Pharmacies, E-commerce); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing government support and funding amount for research and innovation is driving the market growth. Various factors such as low cost of the products, very less or no side effects of herbal medicine, rising usage by the global population and ease of availability will further aid in market growth over the forecast period.


Plant-based medications are the common treatment source for curing various diseases. According to the National Center for Biotechnology Information, between 70% to 80% of the population across the globe preferred traditional drugs for their treatment. Additionally, it has reported that consumer spending on conventional drugs increased to USD 7.5 billion. This rising demand will further boost the industry growth between 2020 and 2026.

Herbs and plant-based products can be consumed in multiple ways such as tablets & capsules, powders, extracts, syrups and used as oil, ointments, etc. The tablets & capsules form is expected to witness high growth rate between 2020 and 2026. These traditional products are produced from the fruits, leaves, roots, stalk, cloves, etc. Few products that are used to produced herbal medicines are Milk thistle (fruit), Garlic (cloves, root), Echinacea (leaf, stalk, root), Chamomile (flower), etc.  Availability of these products across the globe makes it an easily available raw material to produce the drugs. When it comes to herbal medicine, leaves are predicted to hold considerable market share during the study period.

Do you have questions or special requirements? Ask our industry experts: https://www.polarismarketresearch.com/industry-analysis/herbal-medicine-market/speak-to-analyst

E-commerce distribution channel segment will generate higher revenues by 2026 due to increasing awareness, growing usage of smart phones & internet, large coverage areas and providing products at lower costs. Additionally, in 2019, herbal pharmaceuticals segment held a major share in the overall market. This high market share can be credited to rise in ageing population coupled with increasing consumer awareness.

Asia Pacific herbal medicine is estimated to face significant growth rate over the forecast timeline. According to the World Health Organization, both China and India are investing heavily in research and advancement of better drugs originated from herbs and plants. Presently, North America and Europe hold significant market share. Rising governmental support along with increasing prevalence of chronic diseases is predicted to fuel the region’s market size. Higher predilection for plant-based medications and increasing funding amounts for research and innovation in medicinal herbs and plants is projected to boost the regional industry size.


Major global players are Schaper & Brümmer, Hishimo Pharmaceuticals, Himalaya Global Holdings Ltd., Venus Pharma GmbH, Patanjali Ayurved Ltd, Blackmores Ltd., Dasherb Corp, Bayer AG, ZeinPharma Germany GmbH, Arizona Natural Products, Dr. Willmar Schwable India Pvt. Ltd., BEOVITA, Dabur, and Arkopharma. The industry participants are focusing on product enhancement and global expansions. For instance, in November 2016, Arkopharma acquired DISTRIFA to broaden business expansion in Iberian Peninsula region.


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