The reasons for which the market is shifting towards bio based ingredients is because fossil fuel ingredients are expensive and renewable bio based ingredients are easy to get. The second reason could be that the global countries are moving towards environmental consciousness like the Kyoto protocol and Montreal Protocol where all the countries pledged that they would reduce their carbon footprint in the world and use ecofriendly products and support for bio based cleaning products. Also nowadays consumers are also demanding cleaning products whose ingredients are made from biomass and they are also becoming more environmentally conscious. Also we should also keep in mind that fossil fuels are non-renewable and once finished they cannot be replenished. Bio based cleaning products can be recycled and hence they can be used in the place of metals and minerals.
What are Bio based Cleaning Products?
Bio based products are those products whose ingredients are made from biomass. They are ecofriendly and recyclable and they don’t easily pollute the environment. They are an important component of cleaning products. Also bio based environmental products are less harmful on the human health and the environment. The bio based cleaning products market is set to grow in the future since there is a lot of consumer awareness compared to the past and several countries are supporting bio based products as well. Since products are made from biomass hence it cause less demand for already depleting fossil fuels whose costs are high.
Market Research and Market Trends of Construction Chemical Additives:
Recently Unilever purchased a company called Seventh Generation, Inc. It is the latest step in the sustainable manufacturer company acquisition.
Another example would be in the month of July, a company called SC Johnson acquired a company called Babyganics which earlier used to produce plant based personal products and home materials. Unilever owns another bio based company called Ben and Jerry’s which it recently acquired.
The company L’Oreal acquired two major companies called The Body Shop and Sanoflore in the year 2006.Many firms are involved in research and development of bio based products and they are also generating revenue through these products.
In US, the Obama administration opened a program called “National Bio economy Blueprint” in 2012 and the program focused on research and development, growth of bio based product market, public and private partnership in the industry sector etc. The Malaysian Government also launched National Biotechnology Policy for research and development in agriculture, healthcare and the manufacturing sector in the year 2005.
Who are the Major Players in Bio based Cleaning Products Market?
The companies which are the major players in bio based cleaning products market are Chempace Corporation, Chardon Laboratories, Inc., Dura Chem Inc., Alpha Chemical services Inc. etc.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Table of Contents
Methodology
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