Food Condiments in China: Three Opportunities During China’s COVID-19 lockdowns (when restaurants did not operate and home cooking became the only choice), the demand for condiments experienced a surge in attention. But generally, as daily necessities, the consumption of condiment by both businesses and consumers is unlikely to be affected by economic fluctuations and will remain strong. It is estimated that China’s condiment market will reach 513 billion yuan in 2022 and 788 billion yuan in 2025 (CAGR of 9%). Given the vast size of the country, the market for condiments is huge, but also more fragmented compared with developed …
Camping in China: A Good Business?
Many indications have proved “camping” as a new growth point for post-pandemic consumption in China
Quo Vadis Biodegradable Plastics Industry In China?
Quo Vadis Biodegradable Plastics Industry in China? Environmental Background This year in May, the Ministry of Ecology and Environment released a brief report on environmental status-quo of China’s marine ecosystems. It concluded that the environmental performances are generally good, with medium- to low-level floating garbage of ~3.6 kg/km2 on average, while the water quality of estuaries and bays is less than satisfactory, with 21 thousand km2 of sea area of inferior water quality. Plastic is the main pollutant, accounting for 93%, 83% and 76% of floating, beach and submarine debris.China’s Anti-plastic Regulations To deal with ‘white pollution’, China issued a …
Report: China Consumer Trends 2022
Report: China Consumer Trends 2022 Economic changes and measures taken to stop the spread of coronavirus have a significant impact on Chinese consumer behavior. Despite increasing uncertainties, there is no doubt that China will remain the global consumption growth driver.EAC has published a report on the latest Chinese consumer behavior trends 2022. The presentation indicates emerging patterns among Chinese consumers which have the potential to reshape how brands have to address their customers. In the report, you can find our summary of: COVID impact on consumer goods retail sales Underlying potential of consumer goods in China Selected Chinese consumer behavior …
China’s Oil Refining Industry: From Quantity to Quality
China’s Oil Refining Industry: From Quantity to Quality After a period of rapid development, China’s refining industry is moving into a high-quality development stage towards a healthier industrial structure, supported and guided by favorable government policies. Total capacity is expected to reach ca. 1 billion tons by 2025.Market Dynamics Starting from 1978, China’s oil refining industry experienced four major development stages: After an early stage, the scale of SOE’s refining capacity expanded rapidly in the 2020s due to rising demand and extensive new construction (esp. Sinopec and PetroChina). Afterwards, the industry developed steadily, and so-called Teapot refineries entered the picture …
China Toy Market: Targeting „Kidults“
China Toy Market – Targeting „Kidults“ A New Concept for Toys When talking about toys in the Chinese market, they no longer are exclusive targeted at infants or children, and go beyond the traditional categories such as puzzles, plush and dolls. A new concept of toy is on the rise, called trendy toy (or artistic toy). Trendy toys have become increasingly popular, especially among young Chinese consumers aged 15 to 25, the so-called generation Z or “Kidults”. According to research by the Chinese Academy of Social Science, the trendy toy industry in China had reached a sales volume of 30 …
Indian Solid Waste Management Industry needs Technology Push
Indian Solid Waste Management Industry needs Technology Push Solid waste generation and key concerns in India Increase in urbanization and per capita income has significantly led to a rise in municipal solid waste generation in India. Overall solid waste generation in the country can be estimated at 152 million tons per annum, wherein EAC estimates construction & solid waste at 175 million tons accounting for 61% of the total waste generated. Municipal solid waste contributes 31% to the total waste with 90 million tons, and the rest contributed by four other segments including Plastic waste (9.5 mio TPA), Hazardous waste …
Smart Transformation: Manufacturing Execution System
Smart Transformation: Manufacturing Execution System MES and Database Application A new era of Industry 4.0 has been making quiet but substantial strides in China. Local businesses in the traditional manufacturing and industrial sectors are becoming increasingly agile at adopting IIoT (Industrial Internet of Things), AIoT (Artificial Intelligence of Things) and their respective innovative applications to enhance performance, optimize productivity, and counter global labor shortage. Through automated and smart production solutions, manufacturers can provide a safer, more efficient, and user-friendly work environment. To extensively employ smart production processes, companies are seen to introduce domestically developed database management software and digital solutions …
China’s EV OEMs – Spotlight BYD
China’s EV OEMs – Spotlight BYD Outranking VW, Mercedes-Benz, and BMW At the beginning of April 2022, Elon Musk, founder of Tesla, became the richest man in the world with a net worth of USD 219 billion, signaling a new chapter in the New Energy Vehicle era. Valued at over USD 1 trillion, Tesla is the world’s leading automotive company, and many credited its success to Musk’s business foresight and the company’s technology. It has also been voiced that Tesla is becoming increasingly dependent on China, a massive eco-industrial hotbed providing Tesla’s much needed supply chain, manufacturing capability, and consumer …
EAC and ConClimate – Expert Exchange Sustainability
EAC and ConClimate – Exclusive Expert Dialogue Sustainability is no longer an option – it’s an imperative of the hour. Rarely has the topic been as priority as it is today. The cooperation of Asia specialist EAC International Consulting and long-term Sustainability expert ConClimate offers you the opportunity to reshape and optimize your approaches in the field of sustainability.EAC as a strategy consultancy for growth markets in Asia, supports global companies in defining and implementing their sustainability strategy in China and India. Together with ConClimate and their software-as-a-service solution Substain® we can cover virtually all scenarios of modern sustainability management …
Boom for Electric Vehicles in India
Boom for Electric Vehicles in India The government of India has signaled the beginning of a new era of mobility with the introduction of supporting policies and targets for incentives, localization and relevant infrastructure. An increasing demand for environment-friendly and sustainable solutions coupled with continual government thrust is driving space for e-mobility in India.Key rationales underlining the need for an electric vehicle push in India are as follows: Import dependency on fossil fuels: Huge import bill (import dependency- 84% for crude oil, 45% for LNG), primarily arising due to mobility sector, driving need for sustainable solutions Rising emissions – air …
China’s PCR Market – A Localization Case Study
China’s PCR Market – A Localization Case Study The demand for PCR equipment has surged in China in recent years, mainly including ordinary PCR (1st generation PCR) and quantitative real-time PCR (2nd generation PCR, also called qPCR). In August 2018, African swine fever emerged in China and spread rapidly across the country, thus high demand for pig testing drove demand for PCR instruments. With the outbreak of COVID-19 in 2020, China has begun to establish a large amount of PCR laboratories, and the market demand for PCR instruments has experienced a new round of explosive growth. In the whole year …