susan hill
Submitted 2018-07-03 10:19:35 The worldwide organic personal care market generated over USD 8.3 billion in 2014. It is anticipated to grow at around 9 percent CAGR during 2016 to 2024 (forecast period). The market will produce sales worth USD 15.8 billion by 2024. This significant expansion may be ascribed to awareness regarding eco-friendly products that don鈥檛 have petrochemicals T. J. Watt Womens Jersey , parabens, and aluminium salts.
Novel organic products have grown. Also, manufacturers & sellers consider innovative means of 鈥榙emand generation.鈥?Both these factors can drive market demand in the near future. Organic products are made from plant roots, essential oils, herbs, & flowers coupled with naturally-available emulsifiers, humectants, additives, & surfactants.
This market has greatly evolved across the globe. Sales trainings for 鈥榗onsumer education鈥?regarding superior 鈥榖eauty products鈥?should propel market revenues. Client awareness about personal health is also likely to add market growth till 2024. Enhanced living standards and increased disposable earnings of the employed 鈥榤iddle-class鈥?populace across developing Asian Pacific nations may propel the market in the forecast period.
However, discrepancies in 鈥榝eedstock supply鈥?would hinder the market. Technological advancements and research & developments in processing & cost-efficient manufacturing were the key drivers of organic personal care market in the recent years. Research on developing customized & sophisticated products can open market prospects.
The market is split by products and geographies. Products comprise skin care, hair care, oral care, and others. Skin care led in terms of demand and surpassed USD 2.5 billion in 2013. Hair is estimated to grow at nearly 9.8 percent CAGR during 2014 to 2020. Oral care captured 13 percent shares in 2013 and should undergo high growth. Its shares could be attributed to escalating gum diseases.
The geographies are Asia Pacific, North America, Europe, and rest of the world. North America reigned in the recent past and has regional prospects in Mexico. Europe and Asia Pacific followed North America and were pushed by customer inclination and advanced products. The worldwide organic personal care market is mainly characterized by product innovations.
Some of its players are L鈥橭real; The Body Shop; Aveda Corp.; and Amway. Few companies have introduced ayurvedic substances; like clove, tulsi, lemon, neem, etc.
by Xinhua writer Guo Shuang
LANCASTER, the United States, Oct. 6 (Xinhua) -- "I think the only problem we're going to have is that I don't know if we have enough people for all the jobs that are being created," U.S. House Majority Leader Kevin McCarthy said Friday in an event celebrating the opening of Chinese automaker BYD's expanded facility in the U.S. city of Lancaster in southern California.
The BYD -- the world's largest manufacturer of electric vehicles -- literally stands for Build Your Dreams. It unveils here on Friday its expanded battery-electric bus manufacturing facility, North America's largest of its kind.
The grand opening celebration drew nearly a dozen elected U.S. officials and government representatives, all extolling the significance of a Chinese investment that creates more and more jobs.
This expansion is an addition of a new wing to the current BYD Coach and Bus space, bringing the total manufacturing facility to nearly 42,000 square meters (450,000 square ft), quadrupling the size of its facility from its initial 2013 footprint, according to the company.
The growth of BYD Coach and Bus reflects a rapid transition toward electric transportation and will allow the BYD to build up to 1,500 battery-electric buses annually.
"The expanded BYD Coach and Bus manufacturing facility represents a fact I have stated for many years: that policies that address climate change and building a strong economy are not mutually exclusive," said California Senate President Pro Tempore Kevin de Leon.
Over the past several years, people in Southern California have seen a lot of manufacturing jobs go away, as American companies have moved their production lines to China and other developing countries.
However, since the BYD established its U.S. electric bus manufacturing capabilities in Los Angeles County, the company has already created nearly 800 full-time jobs throughout the state. And the manufacturing facility expansion will enable the BYD to hire up to 1,200 full-time workers at top production-line capacity.
"BYD is a company that has brought good paying manufacturing jobs back to California while other companies are choosing to export those jobs to other states and countries,"said U.S. Congressman Steve Knight.
"We need more companies like BYD in California that are training and building up a workforce of skilled individuals that are prepared for the manufacturing jobs of the future. We are lucky to have them in our community!"
Lancaster, a community of more than 156,000 inhabitants since 2013, boasts more than 350 days of sunshine per year, making it an ideal place to pioneer new solar energy technologies.
The BYD's manufacturing facility is powered 100 percent by renewable energy, which is provided by the City of Lancaster's Energy Company, Lancaster Choice Energy.
"It's good for the economy and the environment. It is great to see Lancaster partner with sustainable energy industries in order to provide cleaner greener transportation that will benefit the quality of our air, while creating local jobs," said Congresswoman Nanette Diaz Barragan.
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