Taxing the digital economy: Why African Govts are unhappy with new OECD deal Kampala, Uganda | RONALD MUSOKE | Following the recent publication of an international treaty that seeks to make global tech giants and other large multinational corporations pay more tax where they do business, the Organisation for Economic Cooperation and Development (OECD) said Oct. 11 it had registered a breakthrough on a global deal but the African Tax Administration Forum (ATAF) said African governments are frustrated with the slow progress of negotiations surrounding the taxation of international digitalized businesses. https://www.independent.co.ug/taxing-the-digital-economy-why-african-govts-are-unhappy-with-new-oecd-deal/

Africa’s green business opportunities are abundant, UNEP study shows Africa’s private sector can bolster its green agenda and drive increased GDP, higher income per capita, create tens of millions of jobs, and foster collaboration between governments, businesses and local communities, according to a comprehensive study published today by the UN Environment Programme (UNEP). Know more here https://www.unep.org/news-and-stories/press-release/africas-green-business-opportunities-are-abundant-unep-study-shows

Apiculture Market Growth Opportunities, Industry Revenue and Forecast by 2030 The apiculture market size stood at USD 10.58 billion in 2022 and is anticipated to increase from USD 11.15 billion in 2023 to USD 16.48 billion by 2030, registering a CAGR of 5.75% from 2023 to 2030. Several commercial and scientific procedures are used to nurture and culture honeybees. Apiculture also known as beekeeping is anticipated to witness rapid growth during the forecast period. The rapid expansion of the health-conscious trend and favorable governmental support are the key factors driving the demand for beekeeping products. Leading Players Featured in the Research Report: Companies leading the apiculture market are Capilano Honey Ltd. (Australia), Organic Bee Farms (U.S.), Dabur Ltd. (India), NOW Foods (U.S.), Koster Keunen LLC (U.S.), Barkman Honey (U.S.), Heavenly Organics (U.S.), Strahl & Pitsch Inc., (U.S.), Miller’s Honey (U.S.), Durham’s Bee Farm (U.S.), and more. COVID-19 Impact: Increased Demand for Bee Products owing to their Well-known Properties amid Pandemic Fostered Market Growth The coronavirus pandemic favored the apiculture market growth. Increased demand for bee products owing to their well-known properties propelled market expansion during pandemic. Market growth amid the pandemic was attributed to the rapid consumption of honey by consumers as a superfood. Segmentation Growing Demand for Honey in the Food and Beverage Industry Augmented Segment Growth Based on type, the market is divided into beeswax, honey, and royal jelly. The honey segment accounted for the largest apiculture market share in 2022. Surging consumer preference for natural sweeteners over artificial sweeteners is boosting consumption of honey. The increasing need for honey-based products is enhancing segment expansion. Food & Beverage Segment Takes the Lead due to Surging Need for Bee Products in Culinary Preparations By application, the market is fragmented into pharmaceuticals, personal care & cosmetics, food & beverage, and others. The food & beverage segment is dominating the global market owing to the increasing need for bee products in culinary preparations. Growing demand for bee products as an ingredient to topping or spreads on food products and increasing usage of honey in recipes to improve the nutritional value of products are the key factors assisting segment expansion. Drivers and Restraints Favorable Government Support to Boost Awareness about Apiculture By-products to Propel Market Growth The apiculture industry is gaining traction in both developed and developing countries by supplying valuable and nutritional products for several industries. Market growth is driven by a rise in favorable government support to boost awareness about the health advantages of apiculture by-products. An increase in digital media influence is encouraging consumers to use such products. Hence, governments are implementing various strategies that are expected to boost market growth over the projected period. However, the availability of counterfeit products is hampering market expansion. Regional Insights Asia Pacific Dominates Due to Presence of Prominent Honey Producers and Suppliers Asia Pacific accounts for a 35.52% share of the global market. China and India are the largest producers and suppliers of honey. Market growth in the region is attributed to rising disposable income, product introductions, and rapid expansion of manufacturing units. Europe is the second dominant market, which registered strong growth. Increasing health awareness and the wide presence of leading companies are driving market growth in the region. Increased bee production due to a rise in commercially raised bees is supporting market expansion in the region. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/apiculture-market-108593

The global pet food market is anticipated to gain impetus from the ever-increasing demand for natural and premium products. Besides, the governments of several countries are emphasizing on the usage of natural, healthy, and safe ingredients in pet food products. They are also enabling more transparency in selling such products. Fortune Business Insights™ provides this information in a recent report, titled, “Pet Food Market Size, Share & Industry Analysis, By Animal Type (Dogs, Cats, and Others), Form (Dry Pet Food, Wet Pet Food, and Snacks & Treats), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Pet Food Stores, Online Channels, and Others), and Regional Forecast, 2020 – 2027.” Information Source: https://www.fortunebusinessinsights.com/industry-reports/pet-food-market-100554

The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. The gallium nitride (GaN) device market refers to the market for electronic devices that are based on gallium nitride semiconductor technology. GaN devices offer a number of advantages over traditional silicon-based devices, including higher efficiency, faster switching speeds, and greater power density. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 Drivers & Restraints- Gallium Nitride Device Market Expansion of Telecommunications Domain to Accelerate Growth The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth. Segment- Gallium Nitride Device Industry Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells. Regional Insights- Gallium Nitride Device Industry The gallium nitride (GaN) device market is a global market that is spread across various regions. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the major regions in the market. North America is the largest market for GaN devices, due to the presence of a large number of key players in the region. The increasing demand for GaN devices in the automotive and consumer electronics sectors is also driving the growth of the market in this region. The Asia-Pacific region is expected to witness the highest growth rate in the GaN device market during the forecast period. The growth in this region is primarily attributed to the increasing demand for power electronics in countries such as China, Japan, and South Korea. The region is also witnessing significant investments in research and development activities related to GaN devices. Competitive Landscape- Key Companies Focus on Winning New Contracts to Intensify Competition The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments: June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system. July 2019: Transphorm announced a new contract worth USD 18.5 million from the U.S. Department of Defense (DoD) Office of Naval Research (ONR). It includes a Base Program that is aimed at commercializing nitrogen polar GaN.

Ethylene Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2027 The global ethylene industry size is expected to reach USD 245,005 million by 2027, exhibiting a CAGR of 5.6% during the forecast period. The growing utilization of plastics such as LDPE and HDPE coupled with technological advancement will bolster healthy growth of the market, states Fortune Business Insights, in a report, titled “Ethylene Market Size, Share & COVID-19 Impact Analysis and Regional Forecast, 2020-2027.” The market size stood at USD 166,520 million in 2019. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. Key Market Driver: Inflated Demand for Packaging Solutions to Aid Market Growth The growing consciousness for safe packaged products among consumers will have an excellent impact on the global market. The heavy demand for plastic packaging solutions for numerous applications such as e-commerce, healthcare products, convenience products, and transportation will further incite the development of the market. The growing demand for high-quality food with proper packaging solutions can promote the growth of the market. The surging application of plastic in the automotive and construction industries for the production of wiring, auto parts, pipes, and others will spur opportunities for the market. Similarly, the rising application in agriculture, medical, and other sectors will drive market growth. Halt on Trade Activities to Boost Market Amid Coronavirus The coronavirus pandemic has severely affected the chemical industry, resulting in halt on trade activities and operations. The disrupted supply chain has subsequently reduced the demand among industries. Nonetheless, the inflated demand for PE in packaging applications can stabilize the market amid covid-19. The growing awareness towards health and hygiene among consumers can enable speedy expansion of the market during the pandemic. Moreover, the increasing need for packaged food products will subsequently boost the production of polyethylene, which, in turn, will improve the prospects of the market. Regional Analysis: Rising Economic Development to Support Growth in Asia Pacific The market in Asia Pacific is expected to hold the largest share in the global market during the forecast period owing to the growing demand for PE from the plastic and chemical industry in developing countries such as China, India, and Japan. The increasing economic development has led to an improved lifestyle of consumers, thus fueling the demand for quality-based plastic for daily use. The surging middle-class population coupled with increasing construction activities will enable speedy expansion of the market in the region. The plastic industry in China has experienced immense growth during the forecast period owing to the demand for new housing units and vehicles. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/ethylene-market-104532

Personal Care Contract Manufacturing Market Size Analysis, Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2029 According to Fortune Business Insights™, the global personal care contract manufacturing market size will significantly benefit from the rising disposable income in several countries across the world. The presence of several large scale companies will emerge in favor of market growth. “Personal Care Contract Manufacturing Market Size, Share & Industry Analysis and Regional Forecast, 2022-2029,” the market derive growth from the integration of advanced concepts, that have widened the application scope of the product in the past few years. Personal care contract manufacturing refers to the handling of the manufacturing process associated with personal care products. The primary reason why this concept has gained popularity in the past few years is the complexity associated with manufacturing of personal care products. The rising disposable income and increasing spending power across the world has been pivotal to the growth of the personal care contract manufacturing market in the past few years. The presence of several large scale companies will emerge in favor of growth of the market in the coming years. The increasing number of company collaborations and acquisitions will provide impetus the growth of the market in the foreseeable future. Additionally the integration of advanced concepts has widened application scope, subsequently creating new growth opportunities for companies in this sector. COVID-19 Impact The rapid spread of the coronavirus has created a sense of urgency across the world. With strict measures taken to curb the spread of the disease, several major businesses have come to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Increasing Number of Company Mergers and Acquisitions will have a Massive Impact on Market Growth The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on the growth of the overall market in recent years. In January 2020, Silgan Holdings announced that it had completed the acquisition of Albea’s dispensing company. The company stated that it spent around USD 900 million towards this acquisition. Through the acquisition of Albea’s dispensing company, Silgan Holdings will gain access to the former’s exceptional portfolio of personal care contractual services. This acquisition will not just help the company grow but will also have a massive impact on the global personal care contract manufacturing market in the foreseeable future. Asia Pacific to Emerge Dominant; Increasing Product Demand will Emerge in Favor of Market Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for personal care contractual services in this region will emerge in favor of growth of the regional market. The massive spending power, increasing disposable income, and the constantly rising population in countries such as India and China have contributed to market growth. Browse Summary: https://www.fortunebusinessinsights.com/personal-care-contract-manufacturing-market-102937

Flooring Market Size, Share & Forecast 2028 The global flooring industry size was $342.88 billion in 2020. The market is projected to grow from $359.20 billion in 2021 to $517.74 billion by 2028 at a CAGR of 5.4% during the 2021-2028 period. This information is presented by Fortune Business Insights™, in its report, titled, “Flooring Market, 2021-2028.” According to our expert analysts, surging novel construction projects is likely to offer growth prospects for the market growth. Furthermore, the products utilized for flooring application, offer characteristics such as protection against scratches, indents, dampness, as well as can be effortlessly cleaned, which further contribute to the bulging demand. Report Coverage We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones. Drivers and Restraints Surging Demand for Vinyl Flooring in Construction Projects to Fuel Market Growth Vinyl is used as a versatile component in tiling applications, where, luxury vinyl tile is used majorly. It is resilient to mold, dampness, and fungus, which makes it an appropriate flooring option for utilization where wetness and infrequent spills are the prime concerns. Regional Insights Asia Pacific was worth USD 180.38 billion in 2020. Asia Pacific is the biggest and speediest-surging region and held the maximum flooring market share owing to large scale financing scheduled by governments of India, China, and Southeast Asia on infrastructure expansion. Europe is likely to be administered by the utilization of ceramics and vinyl in non-residential structures. The Flooring Market in the Middle East & Africa is in the growth phase of its life cycle, owing to growing demand for floor casings from numerous large-sized construction developments, and therefore, is expected to gain substantial market share during the forecast period. Segmentation On the basis of type, the flooring market is categorized into non-resilient, resilient, and carpets & rugs. Based on end-use, the market is segregated into residential and non-residential. The residential segment is the dominating contributor for the growth of this market. The growth in residential segment is accredited to the growing population and disposable income of the consumers. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/flooring-market-102740

The global automotive tinting film market size is expected to reach USD 1,679.2 million by 2027, exhibiting a CAGR of 3.8% during the forecast period. The growing inclination towards factory tint to enrich vehicle’s style and features can be a vital factor enabling the growth of the market during the forecast period, the market size stood at USD 1,450.1 million in 2019 The whole world is battling with the newly discovered coronavirus. The government authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused instabilities in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly. Market Driver: Surging Carbon Emissions to Spur Business Opportunities The rising atmospheric temperatures in several nations have accelerated the demand for Automotive Tinting Film. Similarly, the imposition of emission regulations by several governments will contribute tremendously to the growth of the market in the foreseeable future. The new regulations regarding the tinting or darkness of the films to curb unwanted criminal activities will create lucrative opportunities for the market in the forthcoming years. For instance, in New Jersey, US, no tint is allowed on the windshield. Likewise, in India, the use of black tinted film is completely banned however consumers are allowed to use tinted glass with at least 70% visibility in the windshield and rear window. Also, the rising consumer proclivity on tint films to reduce vehicle temperature will foster healthy growth of the market during the forecast period. Market Restraint Drastic Fall in Car Sales to Thwart Market Development During Coronavirus The disruption in automotive production and sales during COVID-19 has negatively impacted the automobile industry. Besides, the lockdown restrictions imposed by the government have led to a shortage of manpower, which, in turn, will retard the growth of the market. For instance, UK car Information Source: https://www.fortunebusinessinsights.com/automotive-tinting-films-market-102312

Acetone Market Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2028 The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth. How Did We Create This Report? We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates. Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Regional Insights- Easy Availability of Raw Materials to Favor Growth in Asia Pacific In 2019, Asia Pacific held USD 1,739.2 million in terms of revenue. This growth is attributable to the lower labor cost and easy availability of raw materials in emerging countries, such as India and China. Dimethyl ketone is extensively used in numerous manufacturing processes as an industrial solvent in the region. North America, on the other hand, is anticipated to grow considerably backed by the increasing research and development activities in the electronics sector. It would further surge the demand for Bisphenol A. The presence of large chemical industries in the U.K., Italy, and Germany would propel growth in Europe. Browse Summary: https://www.fortunebusinessinsights.com/acetone-market-104446