Author: Roboticulized.com

cannabinoids-market-worth-usd-63-billion-by-2030,-says-global-market-insights-inc.

Cannabinoids Market worth USD 63 billion by 2030, says Global Market Insights Inc.

September 12, 2022 Published by

 

The cannabinoids market value is projected to exceed USD 63 billion by 2030, according to a new research report by Global Market Insights Inc.

Rise in the prevalence of Parkinson’s disease, muscle disorders, seizures, anxiety, and more will drive the market demand. Cannabinoid extracts are known for their medical properties to cure certain health conditions. Rising government initiatives to provide better healthcare will also help increase the product penetration of cannabinoids. Additionally, consistent efforts by industry participants to harness innovative production technologies and develop new products will push the global market growth.

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Alterations in the regulatory policies will foster the market value

The presence of a supportive regulatory landscape will play a key role in augmenting the cannabinoids market revenue, given the substantial increase in the number of cannabinoid product approvals in the last few years. The COVID-19 pandemic also favorably impacted the market expansion as several nations, including the U.S., Germany, Argentina, Canada, and Portugal saw the production and delivery of CBD as important services and granted permission for businesses to operate throughout the pandemic.

Rising availability of Cannabigerol (CBG) products

Cannabigerol (CBG) segment may register a CAGR of over 25% through 2030. This is credited to the product’s increasing availability and the rising number of new product variations introduced in the market. For instance, Geocann introduced its first cannabigerol (CBG) soft gel products, in order to achieve optimal absorption and determined bioavailability. It is anticipated that an increase in innovative product development by emerging companies along with an upsurge in CBG research activities will propel the market trends

Browse key industry insights spread across 208 pages with 308 market data tables & 13 figures & charts from the report, “Cannabinoids Market Analysis by Type, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/cannabinoids-market

Latin America to witness substantial product penetration

LATAM cannabinoids market size may grow at a CAGR of over 20.5% through 2030. Increasing government initiatives to enhance regional healthcare and the subsequently increasing cannabinoid product penetration will push the market revenue across Latin America. Growing approvals by the regional governments alongside increasing health consciousness among the population will have a profound role to play in the market expansion.

Strategic Collaborations and product developments to expand the industry

Bedrocan, Global Cannabinoids, Maricann Inc., NuLeaf Naturals, LLC, Green Roads, Folium Biosciences, and others form a part of the competitive landscape of this market. The top players in the cannabinoids market are working on product development and cutting-edge manufacturing technologies to introduce new products in response to growing customer needs and establish a strong business presence.

bellrock-brands-announces-changes-to-board-of-directors-and-agreement-to-acquire-michigan-licensed-operator

BellRock Brands Announces Changes to Board of Directors and Agreement to Acquire Michigan Licensed Operator

September 12, 2022 Published by

 

BellRock Brands Inc. (“BellRock” or the “Company”) (CSE: BRCK.U) an industry-leading cannabis consumer packaged goods (“CPG”) and intellectual property platform, announces that Chairman of the Board of Directors, Andrew Schweibold, and Director, Jonathan Rosenthal, are resigning in good standing with the Company from their respective roles on the Board, effective immediately.

Schweibold and Rosenthal have served BellRock as Directors since BR Brands, LLC (“BR Brands”) completed its reverse takeover of Dixie Brands Inc. (“Dixie”) in October of 2020, with Schweibold serving as the Company’s Board Chairman during that same time.

“Alongside current restructuring efforts at the business, I believe it is an appropriate time for me to step aside as Chairman to allow the future leaders of the Company to drive BellRock forward,” said Andrew Schweibold.  “Rose Capital recently introduced West 4th Holdings to lead the Company through its next evolution and, in short order, they have driven material changes in improving the Company’s profitability, operations, and capital structure.  I leave the BellRock Board knowing that the Company is in the very capable hands of West 4th and I continue to believe in the strength of the BellRock platform and its future as a leading cannabis CPG company.” Schweibold added, “I would like to thank the BellRock Board and management for all of our collective work together to overcome a myriad of challenges during particularly challenging times. While I am resigning from the Board, Rose and myself will continue to support BellRock and I look forward to the Company’s next chapter.”

West 4th Holdings co-founder, Zachary L. Venegas, said, “Rose Capital’s prescient vision of a national CPG platform built upon leading brands led to a brand platform unique in its size and scope, and it continues to evolve and advance.  West 4th is focused on supporting their pioneering work by focusing on critical company performance and governance.  Venegas added, “the Company would like to thank Rose for all their efforts and support over the years in building BellRock alongside of management.”

The Company will timely seek to fill the vacant Director positions.

BellRock also announces an agreement in principle for one of its U.S. subsidiaries to purchase JRMI27, LLC (“JRMI27”), a medical and adult use marijuana product manufacturer located in Jackson, Michigan, subject to approval by Michigan’s Cannabis Regulatory Agency and applicable local agencies.  BellRock’s flagship brands, Dixie Brands™ and Mary’s Medicinals®, currently enjoy a presence in Michigan under a Licensing Agreement with JRMI27, but the acquisition of the license by the subsidiary of the Company, if approved, will offer BellRock a lasting presence in the Michigan market.

“The agreement to acquire JRMI27 is a product of BellRock’s focused efforts to build and ultimately control the Company’s brands and growth initiatives in both the country’s emerging and most established markets,” said Brian Jansen, CEO of BellRock.  “This is yet another step by BellRock towards its goal of being a national industry leader and the premier cannabis house of brands.”

happiest-minds-technologies-achieves-select-tier-partner-status-with-snowflake

Happiest Minds Technologies achieves Select Tier Partner Status with Snowflake

September 10, 2022 Published by

 

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital, Born Agile’ digital transformation and IT solutions company, today announced that it has achieved Select tier partner status from Snowflake, the Data Cloud company. As a Select partner, Happiest Minds can accelerate the digital transformation of its joint customers who can fully leverage the performance, flexibility, and near-infinite scalability of the Snowflake Data Cloud.

Happiest Minds and Snowflake are able to mobilize the world’s data with Snowflake’s Data Cloud by catering to the demand for simplified data administration through robust, cost-effective, and proven technology solutions. Happiest Minds is proud to strengthen its relationship with Snowflake and is excited to bring innovation and new capabilities to joint customers in their data journey.

The Snowflake Partner Network unlocks the potential of the Data Cloud with a broad array of tools and partners. Certified partnerships and integrations enable customers to leverage Snowflake’s flexibility, performance, and ease of use to deliver more meaningful data insights.

Ajay Agrawal, Senior VP and Head of CoE- AI/Analytics, Happiest Minds Technologies, said, “As part of the data strategy and implementation, we see the sustained movement towards a cloud-native approach. The Snowflake partnership allows us to quickly build an efficient, secure, and scalable enterprise analytics platform. With Happiest Minds’ experience in building modern data platforms for our global customers, coupled with our focus on Data and AI, we see ourselves adding pace to the Snowflake adoption.”

Dinesh Ramachandran, SVP & Global Alliance Head, Happiest Minds Technologies, said, “We are excited to partner with a global leader like Snowflake. Happiest Minds’ focus on next-generation, disruptive technologies & data analytics, along with Snowflake’s highly scalable platform can certainly help customers seamlessly manage large amounts of data, innovate at scale, and modernize their data infrastructure to derive valuable insights.”

Vimal Venkatram, Managing Director, Snowflake India, said, “Happiest Minds’ expertise in digital transformation combined with Snowflake’s Data Cloud creates a digital modernization capability for our joint customers, further supporting our goal to mobilize the world’s data in the service of the enterprise.”

waterproof-tapes-market-worth-$21.3-billion-by-2027-–-exclusive-report-by-marketsandmarkets

Waterproof Tapes Market worth $21.3 billion by 2027 – Exclusive Report by MarketsandMarkets™

September 10, 2022 Published by

 

Waterproof Tapes Market is projected to grow from USD 15.5 billion in 2022 to USD 21.3 billion by 2027, at a CAGR of 6.6% between 2022 and 2027, according to a new report by Waterproof Tapes Market. Growing demand from electrical & electronic and building & construction industries to increase the market of waterproof tapes.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260495375

Browse in-depth TOC on “Waterproof Tapes Market” 
208 – Tables 
52 – Figures 
270 – Pages

Healthcare is the fastest-growing segment of the overall waterproof tapes market.

The major applications of waterproof tapes in the healthcare industry are surgical containers, monitoring electrodes, cover wounds, fix cover shields during surgeries, protecting abrasions, cuts, minor burns, blisters, and incisions. They are also used as initial bandage cover, general taping needs, and out-patient use. The tapes are also ideal for swimmers, patch tests, carriers for cutaneous transfer drugs, fixing ostomy bags, and transdermal systems.

China is the largest waterproof tapes market in Asia Pacific during the forecast period.

The building and construction industry in China is expected to grow due to the implementation of new industry norms and promotional activities. Rising demand from new construction and renovation activities, government and private investment in residential and commercial projects, and rising consumer spending power are the prominent driving factors for the growth of the waterproof tapes market in China.

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The key players profiled in the waterproof tapes market report are 3M (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Johnson & Johnson (US), and Henkel AG & CO. KGAA (Germany)

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Waterproof Adhesives & Sealants Market by Chemistry (Silicones, PU, Acrylics, Epoxy, Polysulfide), End-use Industry (Building & Construction, Transportation, Electrical & Electronics) and Region – Global Forecasts to 2027

carbon-nano-materials-market-to-garner-$316-billion,-globally,-by-2031-at-27.7%-cagr,-says-allied-market-research

Carbon Nano Materials Market to Garner $31.6 Billion, Globally, By 2031 at 27.7% CAGR, Says Allied Market Research

September 10, 2022 Published by

 

Allied Market Research published a report, titled, “Global Carbon Nano Materials Market by Product Type (Graphene, Carbon Nanofibers, Fullerenes, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031.” According to the report, the global carbon nano materials market accrued a sum of $2.9 billion in 2021, and is projected to reach $31.6 billion by 2031, witnessing a CAGR of 27.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Drivers and Opportunities

Growth in use of carbon nanoparticles in different end use industries such as automobile, medical, energy, electronics, aerospace, construction and wastewater treatment drive the growth of the global carbon nanomaterials market. However, high processing costs and risks associated with the exposure to carbon nanomaterials on human health and the environment hamper the market growth. On the other hand, rapid urbanization and rise in investments in the construction and medical industries, especially in the emerging countries of China and India are expected to present lucrative opportunities for the market growth in the coming years.

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Covid-19 Scenario

  • During the outbreak of the COVID-19 pandemic, manufacturers of carbon nanomaterials faced difficulties in procuring the raw materials, which caused delays in shipments to customers.
  • In addition, the quality of some raw materials deteriorated significantly and the orders for shipments were greatly impacted by the lack of boats and blank sails.
  • As the industries that require carbon nanoparticles for producing products were shutting down, the demand for carbon nanomaterials declined significantly, thus restricting the market growth.
  • However, the market is gaining traction as the pandemic situation is improving.

The fullerenes segment to maintain its lead position during the forecast period

Based on product type, the fullerenes segment accounted for more than 90% of the global carbon nanomaterials market in 2021, and is expected to maintain its lead position during the forecast period. This is due to the wide range of applications of fullerenes in electrical and electronics, energy and automotive industries. However, the graphene segment is projected to manifest the fastest CAGR of 31.0% during the forecast period, owing to the increased demand for graphene from electrical and electronics and energy industries. Furthermore, ongoing research and development activities relating to graphene is expected over the next few years to generate new prospects for the major manufacturers in the market. The research also provides an analysis of carbon nanofibers and others.

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Asia-Pacific to maintain its dominance in terms of revenue by 2031

Based on region, Asia-Pacific was the largest market in 2021, accounting for nearly two-fifths of the global carbon nano materials market, and is expected to maintain its dominance during the forecast period. Moreover, the same segment is expected to grow at a CAGR of 29.1% during the forecast period. This is due to increase in demand for carbon nanomaterials in Asia-Pacific due to the presence of large number of electrical and automobile industries in the region. China being a prominent exporter of consumer electronic products in large volume will positively fuel the growth of the market in Asia-Pacific. The report also offers an analysis of Europe, North America and LAMEA.

Leading Market Players

  • Arkema Group
  • Bayer AG
  • DuPont
  • G6 Materials Corp
  • Graphenea
  • Hollingsworth & Vose
  • Hydale Graphene Industries Plc
  • Hyperion Catalysis International, Inc.
  • Jiangsu Cnano Technology Co., Ltd.
  • LG Chem Ltd.
  • MTR Ltd.
  • Nano-C
  • Nanocyl SA
  • Otto Chemie Pvt. Ltd.
  • SES Research Inc.

The report analyzes these key players of the global carbon nano materials market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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biocontrol-market-worth-$13.7-billion-by-2027-–-exclusive-report-by-marketsandmarkets

Biocontrol Market worth $13.7 billion by 2027 – Exclusive Report by MarketsandMarkets™

September 10, 2022 Published by

 

The Biocontrol Market is estimated to be valued at USD 6.6 billion in 2022. It is projected to reach USD 13.7 billion by 2027, recording a CAGR of 15.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global biocontrol market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The need for biocontrol crop protection solutions in the agricultural sector has been greatly increased by the surge in demand and preference for organic food products, pest resistance management, residue management, and environmental restrictions. Biopesticides and semiochemicals are safer alternatives to conventional chemical-based pesticides.

popreach-acquires-ubiquity-and-amends-its-senior-secured-credit-facility

PopReach Acquires Ubiquity and Amends its Senior Secured Credit Facility

September 9, 2022 Published by

 

PopReach Corporation  (“PopReach” or the “Company“) (TSXV: POPR) (OTCQX: POPRF) is pleased to announce that it has acquired 100% of the membership interests of Ubiquity Agency LLC (“Ubiquity“), a user acquisition and marketing technology business principally based in Boca Raton, Florida (the “Transaction“) pursuant to the terms of a definitive transaction agreement entered into on the date hereof (the “Transaction Agreement“). Based on the September 8, 2022 closing price of PopReach common shares of C$0.34 (the “Closing Price“), and a C$:US$ exchange rate of 1.3116, the indicative aggregate purchase price for the Transaction is approximately US$44.3M.  Pursuant to the Transaction Agreement, the aggregate consideration is comprised of US$18.7M in cash, the issuance of 41,000,000 PopReach common shares (the “Initial Consideration Shares“), the issuance of a convertible debenture in the aggregate principal amount of US$13.75M (the “Debenture“), and the assumption of US$1.25M of existing liabilities on Ubiquity’s balance sheet (the “Assumed Liabilities“).

Transaction Highlights
  • Strong financial performance1: Ubiquity will significantly increase PopReach’s financial scale, having generated US$51M in gross revenue, US$4.6M in net income, and US$5.8M in Adjusted EBITDA2, for the 12 months ended June 30, 2022

  • Expanded offerings across the digital ecosystem: Ubiquity’s businesses extend PopReach’s vertical integration of digital media technology and services including user acquisition, performance marketing, omnichannel traffic distribution, full stack technology development, business intelligence, and data insights offerings

  • Vast data reservoir: Ubiquity extensively leverages data in a privacy compliant manner across its connected platforms, working with 10,000+ publishers worldwide and several hundred million opted in subscribers across multiple digital channels as well as membership sites and portals, driving over 2 billion data insights through its business intelligence platform

  • Attractive synergies: Ubiquity’s assets complement PopReach’s current portfolio allowing for shared data, improved pricing opportunities, salesforce leverage, cross-selling opportunities, and administrative efficiencies
s&p-global-to-present-at-the-goldman-sachs-communacopia-+-technology-conference-on-september-13,-2022

S&P Global to Present at the Goldman Sachs Communacopia + Technology Conference on September 13, 2022

September 9, 2022 Published by

 

Ewout Steenbergen, Executive Vice President and Chief Financial Officer of S&P Global (NYSE: SPGI), will participate in the Goldman Sachs Communacopia + Technology Conference on September 13, 2022 in San Francisco, CA.  Mr. Steenbergen is scheduled to speak from 7:30 a.m. to 8:10 a.m. (Pacific Daylight Time). The “fireside chat” will be webcast and may include forward-looking information.

Webcast Instructions:  Live and Replay
The webcast will be available live and in replay through the Company’s Investor Relations website http://investor.spglobal.com/Investor-Presentations (please copy and paste URL into web browser). The webcast replay will be available approximately 3 hours after the end of the presentation and will remain accessible for three months, ending on December 11, 2022. Any additional information presented during the session will be made available on the Company’s Investor Presentations web page.

uae-registered-boat-bayanat-embarks-on-world’s-longest-and-most-grueling-sailing-race

UAE-registered boat BAYANAT embarks on world’s longest and most grueling sailing race

September 9, 2022 Published by

 

The 2022 edition of the Golden Globe Race, one of the world’s most challenging feats of human endeavor, began yesterday with former Indian Navy Commander Abhilash Tomy competing at the helm of the UAE-registered boat ‘BAYANAT’. The journey of 48,000km is likely to last around 10 months.

First held in 1968, the Golden Globe Race requires participants to sail alone in long keeled production boats designed prior to 1988 and using technology only available in 1968. Such is the scale of the task, that, fewer people have circumnavigated the world solo by boat than those who have reached the summit of Mount Everest or travelled to space.

Bayanat, a G42 company based in Abu Dhabi that provides AI-powered geospatial intelligence solutions, is sponsoring Abhilash’s participation in the race. The boat, aptly named ‘BAYANAT’ bears the race number 71, a tribute to 1971, the year in which the UAE came into being. Flying the UAE flag and the UAE ensign, as Abhilash set sail from France’s Les Sables-d’Olonne port he helped create history as the first UAE-registered boat to participate in this race.

Over and above being a decorated Navy Commander, Abhilash is a sailing veteran. In 2012, he became the first Indian to complete a solo non-stop circumnavigation of the world by sea. He has also participated in several global sailing challenges, including the Cape Town to Rio Race in 2011, the Spanish Copa del Rey Race in 2014, and the Korea Cup in 2015 and 2016. This is Abhilash’s second participation in the Golden Globe Race. In the 2018 event, after a storm de-masted his boat, he sustained a life-threatening injury that forced him to withdraw. Abhilash had to learn to walk again and as part of his preparation for the Golden Globe Race 2022, has been preparing himself mentally and physically over the years.

“I need to complete this unfinished business. The pain of the Golden Globe Race 2018 is only motivating me to compete once again,” commented Abhilash Tomy. “It’s a grueling challenge and, while I’ll be aiming to win, crossing the finish line is an achievement. The months of isolation, the physical exhaustion, the skills needed to win — this race has it all. I’m fortunate to have had the complete backing of Bayanat during my preparations and throughout the race, being a company that is both a pioneering force and a champion of progress for humankind.”

Hasan Al Hosani, CEO, Bayanat added: “Abhilash’s courage to take on the Golden Globe Race for a second time exemplifies the spirit of discovery and determination that Bayanat celebrates and champions every day. His values of courage and perseverance align perfectly with ours as we seek to be pioneers in AI-powered geospatial intelligence. We wish Abhilash and all his competitors a safe adventure ahead.”

During his journey, Abhilash will collect water samples at various points to aid Bayanat’s studies into the presence of microplastics in the world’s oceans. Additionally, a section of the boat will be painted with a specialized paint that will serve as a reflective target for satellites, capitalizing on a valuable opportunity to collect calibrated data for analysis during the race.

Everyone can follow the race Live as well as get the latest news by visiting the special dedicated website www.BayanatAroundTheWorld.ae where they can also leave messages of support and encouragement.

paper-coating-materials-market-to-garner-$34-billion,-globally,-by-2031-at-4.8%-cagr,-says-allied-market-research

Paper Coating Materials Market to Garner $3.4 Billion, Globally, By 2031 at 4.8% CAGR, Says Allied Market Research

September 9, 2022 Published by

 

Allied Market Research published a report, titled, “Paper Coating Materials Market by Material Type (Calcium Carbonate, Kaolin Clay, Titanium Dioxide, Starch, Others), by Coating Type (Single-side, Double-side), by End Use (Binding, Stationary, Packaging, Corrugated Boxes, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031”. According to the report, the global paper coating materials industry generated $2.1 billion in 2021, and is anticipated to generate $3.4 billion by 2031, witnessing a CAGR of 4.8% from 2022 to 2031.

Prime determinants of growth

The increase in demand from the paper manufacturing industries, especially for corrugated boxes and cover bindings in food packaging drive the growth of the global paper coating materials market. However, rise in use of electronic devices such as mobile phones, tablets, and e-books restrict the market growth. Moreover, the environmental concerns on non-biodegradable plastics present new opportunities in the coming years.

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Covid-19 Scenario

  • The outbreak of the Covid-19 pandemic had a negative impact on the global paper coating materials market, owing to implementation of global lockdown which led to halt all industrial operations across the world, especially in the initial period.
  • Owing to supply chain disruptions, closure of production facilities, shortage of raw materials, and less labor force, the packaging industry was severely hampered which had a direct impact on the global paper coating materials market.
  • A significant reduction in demand for consumer goods and raw materials from various industries in different regions resulted in the loss of corrugated packaging manufacturers, which in turn, declined the demand for paper coating materials during the pandemic.
  • However, the market has already recovered the loss in the post-pandemic.

The packaging segment to maintain its leadership status throughout the forecast period

Based on end use, the packaging segment held the highest market share in 2021, accounting for more than two-fifths of the global paper coating materials market, and is estimated to maintain its leadership status throughout the forecast period, attributed to ban on lightweight plastic bags in some countries. Growth in demand for flexible paper packaging, owing to rise in awareness among consumers regarding harmful effects of plastic on the environment is another factor that drives the paper packaging industry. However, the stationary segment is projected to manifest the highest CAGR of 5.8% from 2022 to 2031. Rise in inclination toward higher education fuels demand for different types of stationery products. In addition, encouraging government initiatives led to growth of the educational sector in recent years, which has a positive impact on the market growth.

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The calcium carbonate segment to maintain its leadership status throughout the forecast period

Based on material type, the calcium carbonate segment held the highest market share in 2021, accounting for more than one-thirds of the global paper coating materials market, and is estimated to maintain its leadership status throughout the forecast period. Increase in demand for paper from packaging applications and hygiene-related products like tissue paper is a major growth driver for the market. However, the starch segment is projected to manifest the highest CAGR of 6.0% from 2022 to 2031, due to increase in closure of paper mill systems.

The single-side segment to maintain its lead position during the forecast period

Based on coating type, the single-side segment accounted for the largest share in 2021, contributing to nearly two-thirds of the global paper coating materials market, and is projected to maintain its lead position during the forecast period. This is attributed to the surge in demand for gift wraps and rise in advertisement activities in developing countries through posters. However, the double-side segment is expected to portray the largest CAGR of 5.2% from 2022 to 2031. Increase in demand for information related magazines such as fashion magazines and science magazines drive demand for double-side coated paper. Double-sided coated papers are usually made up of multiple layers that create a lot more opacity, making them a great option for printing images.

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for nearly half of the global paper coating materials market, and is likely to dominate the market during the forecast period. Moreover, the same region is expected to witness the fastest CAGR of 5.1% from 2022 to 2031. Rise in population, increase in disposable income, and rise in demand for attractively packaged materials are among the major motivators for the growth of the paper coating materials market in the region. Other regions discussed in the report include North America, LAMEA, and Europe.

Leading Market Players: –

  • BASF SE
  • The Dow Chemical Company
  • Celanese Corporation
  • Imerys SA
  • Omya AG
  • Penford Corporation
  • Michelman Inc.
  • Nippon Paper Industries Co., Ltd
  • Eastman Chemical Company
  • Asia Pulp & Paper (APP) Sinar Mas.

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