ESGX

ESGX, a Hong Kong based B2B mobile app platform promoting sustainability-focused products to worldwide companies. We are excited to offer you an exclusive opportunity to showcase your products to the world – at $0 for 5 products! Download here: IOS: https://lnkd.in/gx9XFadK Android: https://lnkd.in/gW7GXEQY Don't miss out on this fantastic opportunity to elevate your brand and drive growth. Join ESGX today and take the first step towards global success! ESGX Limited https//esgx.com.hk #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Green Building Materials Market The green building materials market size is estimated to be USD 272.05 billion in 2024 and is projected to reach USD 432.79 billion by 2029, growing at a CAGR of 9.73% during the forecast period (2024-2029). The outbreak of COVID-19 in 2020 and the first half of 2021 has had a significant impact on the global construction industry due to government-imposed bans and restrictions, thereby restraining the growth of the green building materials market. Residential real estate was hit the hardest with stringent closure measures in major cities leading to suspension of housing registrations and slow disbursement of housing loans. However, the sector has been recovering well since these restrictions were lifted. Increased home sales, new project launches and growing demand for new office and commercial space have been leading the recovery over the past two years. In the medium term, the potential application of green building materials in energy-efficient buildings is a major driver for the growth of the studied market. In addition, there are favorable government policies that support green building construction and ensure standard practices across all construction industries. These policies have motivated building material manufacturers to incorporate more green material components/systems in their products. On the other hand, higher initial capital investment in green buildings as compared to conventional buildings is a key factor expected to dampen the growth of the studied market over the forecast period. Nonetheless, increasing focus on achieving carbon neutrality in various economies, decreasing operating costs of green buildings over time, and growing trend of recycled buildings are likely to create lucrative growth opportunities for the global market soon. North America is expected to dominate the market during the forecast period. This dominance is attributed to the high demand for framing, roofing, insulation, and various other applications in the residential, commercial, industrial, and infrastructure sectors. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Home Decor Industry U.S. Market: The U.S. market is one of the most promising home accessories consumer markets in the world. In the recent three years, Chinese companies’ export revenue in the U.S. market was RMB 416,594,200, RMB 418,969,800, RMB 561,498,000 and RMB 143,246,500, accounting for 53.87%, 55.15%, 55.25% and 67.26% of the main business revenue of the current period, respectively, and it is the main sales destination of the companies. The U.S. home accessories market started earlier, has entered a period of mature development. Consumer spending on home accessories by U.S. residents continues to grow, with consumption increasing from USD 369.024 billion in 2011 to USD 542.442 billion in 2019, representing a compound annual growth rate of 4.93%. Since 2020, in response to the impact of the pandemic on the U.S. economy, the U.S. federal government has launched quantitative easing monetary policy and a series of economic stimulus measures, including the $1.9 trillion program launched in 2021. Under the policy stimulus, the U.S. consumer spending on home accessories in 2020 will still have an increase of 4.23%. In 2021, as the impact of the pandemic subsides and continued economic stimulus measures, the U.S. consumer spending on home accessories reached USD 687.189 billion, an increase of 21.54%. The U.S. home accessories market has good prospects for development. Home accessories consumption is mainly affected by the level of national economic development, changes in disposable income of residents and other factors. From 2016 to 2020, the U.S. per capita disposable income grew from USD 44,326 to USD 52,194, with a compound annual growth rate of 4.17%. In 2020, thanks to the U.S. federal government's policy stimulus of transfers, the per capita disposable income boosted by 7.07%, and the negative impact of the new crown epidemic is weakened. Stable growth of U.S. per capita disposable income provides support for its consumption growth. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Home Decor Industry Home decors belong to home furnishings, refers to the completion of the renovation, the interior of the second degree of furnishings and layout of the easy to replace, easy to change the location of the ornaments and furniture, such as curtains, decorative paintings, mirrors, picture frames and other decorative handicrafts and so on. Accompanied by the development of the global economy, as well as the improvement of people's living standards and consumption ability, home furnishings, including home accessories, more and more rich in variety, the importance of people's home life is also becoming more and more significant, to promote the development and prosperity of the global home accessories market. International market: from the international market demand, Europe and the United States developed countries have higher per capita income levels, residents have stronger purchasing power, higher requirements for the living environment, decorative paintings, mirrors, picture frames and other home accessories are essential for the general public's home life. Therefore, Europe and the United States is not only the birthplace of modern home decorations, but also a major consumer market for home decorations. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Southeast Asia Cookware Industry The population of Southeast Asia is expected to reach 701.7 million by 2027, providing a large consumer base for the cookware industry. The growth in market size of the cookware industry in Southeast Asia is attributable to a number of factors, including the continuous increase in consumer purchasing power, differences in culinary preferences among different countries, the subtle influence of Western dietary habits, and significant improvement in the regional supply chain. The market size of the cookware industry in Southeast Asia is expected to grow to US$2.2 billion in 2027. The growing popularity of smartphones and internet connectivity in Southeast Asia has led to a surge in the number of consumers turning to online platforms to purchase cookware. The COVID-19 pandemic has further accelerated the shift to online shopping as consumers prioritize safety and convenience by purchasing cookware in the comfort of their homes. In response to this growing demand, e-commerce platforms are actively partnering with cookware brands to expand their product ranges and enhance their logistics and delivery services. As a result, the market size of the online cookware industry in Southeast Asia is expected to reach US$400 million by 2027. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

China Cookware Industry The rich culinary culture of the PRC has given rise to a wide variety of cookware with distinctive characteristics of the culinary culture of the PRC. With the increasing urbanization rate from 59.6% to 65.2%, the growing economy, coupled with the increase in disposable income per capita of urban residents from RMB39,251 to RMB49,283, the cookware market in the PRC is expected to grow from US$6.9 billion in 2018 to US$7.6 billion and even more. The development of e-commerce platforms and advanced online payment systems have further accelerated the development of online sales channels in the PRC. The online penetration rate of the cookware market will increase from 35.0% to 48.0%. The PRC is the world's largest online cookware market, due to its large online user base, the market size of the PRC cookware online sales channel reached US$3.7 billion in 2022 and is expected to further increase to US$5.3 billion by 2027. Drinkware Industry in China Drinkware is one of the most indispensable types of kitchenware in daily life. As consumers upgrade their lifestyles, they are increasingly attracted to sophisticated aesthetics and unique designs. In addition, the rapid growth in demand for professional beverageware in different contexts is driving the rapid development of the beverageware market. As a result, the beverageware market in the PRC is expected to grow from US$4.1 billion in 2022 to US$5.0 billion in 2027. Drinkware is unique in its attributes, characterized by its inherent lightweight design and less reliance on offline experiential shopping, making it well suited to the online retail channel. These qualities translate into lower cost of delivery, which is particularly evident in non-glass beverageware and facilitates seamless online purchases without the need to try them out in a physical store. Capitalizing on these advantages, the China online beverageware market is expected to grow from US$1.9 billion to US$2.6 billion in 2027. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Market drivers for the global cookware industry 1️⃣ Changing household cooking demands and lifestyles: Increasing standards of living and the demand for products with superior characteristics and functionality, such as easier cleaning and better performance, are leading to increased sales of cookware. In addition, home cooking is no longer just about food preparation, but is also seen as a lifestyle choice, especially among the growing middle class, which prefers stylish cookware. This growing demand is driving the industry to introduce more innovative and functional cookware. 2️⃣ Diversification of consumer eating habits: The increased use of social media is contributing to a global diversification of cooking habits and methods, with consumers trying more different dishes, which requires the use of different types of cookware. For example, consumers can use different tools to cook Chinese and American dishes. Consumers are therefore more likely to buy a wider range of cookware to meet their various cooking needs. 3️⃣ Online marketplaces offer customers more choice: The emergence of social media and major e-commerce marketplaces has further contributed to the growth of the cookware industry. Today, customers have easier access to cookware products and can easily experience the performance of new products through videos broadcast on the platform. Improvements in logistics have also made it easier for customers to obtain products. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Global Cookware Industry The global cookware industry, a major component of the kitchenware industry, is growing significantly, reaching a market size of US$29.9 billion by 2022. The global cookware industry is expected to reach USD 35 billion by 2027, as disposable income increases and demand for diverse and sophisticated cookware grows. It is worth noting that the flexible supply chain adopted by prominent players in the cookware industry has enabled them to shorten the production cycle and adapt new products to evolving consumer preferences, thereby facilitating the expansion of cookware categories and accelerating product renewal. In terms of cookware categories, as the younger generation of consumers is more appreciative of high quality lifestyles and a relaxing cooking experience, consumers have started to seek for high-quality and stylish cookware, which has led to product innovations such as baby food pans and breakfast pans. Along with these advances, the challenges of traditional cookware have also been addressed. For example, the invention of non-stick technology, which reduces the need for excessive oil by providing a surface that prevents food from sticking, has revolutionized cooking. As a result, non-stick cookware has rapidly gained popularity and become a popular choice among home cooks and professionals for its convenience and even heating. In terms of global geographic mix, China, Western Europe and the U.S. are of great global strategic significance, accounting for 25.4%, 23.0% and 17.0% of the global cookware market in terms of retail sales in 2022, respectively. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

Global Kitchenware Industry The global kitchenware industry is one of the largest consumer segments. The industry continues to grow steadily as cooking preferences change. Changes in cooking preferences are influenced by busier urban schedules, increased awareness of healthy eating and the perception of kitchenware as a lifestyle product, especially among the middle class with rising disposable incomes. With the continuous development of the industry, the distribution channels have gradually changed from traditional offline sales to online sales. This shift is mainly due to the increased efficiency of online sales as a result of the popularization of online shopping malls, which has facilitated the improvement of logistics and distribution efficiency. While traditional offline sales continue to account for the majority of cookware sales, there is a clear shift towards online purchases, particularly in countries such as the PRC and the US. The increase in online sales has also led to the growing popularity of the Direct-to-Consumer (DTC) model, which allows kitchenware brands to establish a direct link with consumers, thereby gaining more control of their sales channels and reducing their reliance on distributors. Brands using the DTC model have direct access to more sales data, can leverage their CRM systems to manage their users more effectively, improve the user experience, and can more efficiently translate user demand into sales. In terms of product development, brands adopting the DTC model can also respond to customer feedback more quickly and directly, so as to design products that better meet customers' needs and strategically launch new products. In terms of product variety, the cookware segment includes the basic utensils used in the cooking process, which play an irreplaceable role in the cooking process and have become a prominent category in the kitchenware industry. This provides an opportunity for cookware brands to strengthen their market presence by utilizing cross-selling strategies and offering complementary products to cookware, which accounted for US$29.9 billion or 28.7% of the overall global cookware market in 2022. Kitchen appliances include a variety of tools used in conjunction with cookware for food preparation, including food storage containers and kitchen tools such as knives, spatulas, and grinders, accounting for 31.2% of the total global kitchen appliances market in 2022. Drinking utensils include various beverage containers such as thermos flasks, glassware, and sports bottles. Kitchenware also includes utensils such as spoons, forks, bowls and plates, which are essential throughout the cooking process. #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch

ESGX is an online exhibition platform and marketplace app based in Hong Kong. We bring Equitable, Sustainable, Globalized Expo and trade environment to worldwide manufacturers, wholesalers, import & export companies, small and medium enterprises, importers, professionals, and buyers. ESGX believes that all buyers and sellers should have fair and equitable trade and open communication platform. Let's join and start your journey and international business in ESGX app - a worldwide business platform and marketplace! App download: Android: https://lnkd.in/ggkxVAnM IOS: https://lnkd.in/gx9XFadK #b2b #b2c #exhibition #expo #marketplace #tradeshow #marketing #DigitalMarketing #BusinessStrategy #sustainability #IndustryInsights #ProductLaunch