The global sports gun industry finds its
applications in military and defense sectors and shooting sports such as target
shooting, hunting, and field shooting. Increase in the number of national and
international events organized by various sports organizations has also contributed
to the increased manufacturing of guns. The report published by BIS Research
analyzes the growth of the industry in four prominent regions namely, North
America, Europe, Asia-Pacific, and Rest-of-the-World. Among these, Asia-Pacific
is expected to grow at the highest CAGR during the forecast period, 2018-2023.
The introduction and proliferation of bio-based ingredients in several industries, such as food and beverage, pharmaceuticals, and cosmetics, has been transforming the manufacturing landscape since 2000. Growing consumer inclination toward the adoption of bio-based products due to rising health and environmental concerns is driving the demand for bio-based ingredients in the cosmetics and personal care products. Besides, awareness among consumers regarding the harmful effects of synthetic ingredients chemicals has grown rapidly over the past years. In addition, the availability of green raw materials has also urged large cosmetic firms to develop bio-based cosmetic products. However, limited availability of raw material, due to erratic weather conditions and stringent environmental regulations, can pose substantial hurdles in the production of bio-based ingredients. Thus, leading companies have been focusing on developing new and sustainable ways of producing the ingredi...
Comments
Post a Comment