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The global corn silk industry is being aided by the easy availability of the raw material, which is the waste product from the corn cultivation. During 2019-2020, the global corn consumption is projected to attain a volume of nearly 44690 million bushels. The pharmaceutical companies are also looking for possible alternatives for synthetic ingredients owing to the stringent government regulations and to provide consumers with safer products, which do not possess the risk of side effects. The growing research and development activities are also expected to open new opportunities for the manufacturers utilising corn silk in various products. Some of the major companies in the industry include Bristol Botanicals Limited, and Nutra Green Biotechnology Co. Ltd.
As the consumers are looking for natural herbal products, especially new herbs, the players are continuously expanding their product portfolio to cater to this growing demand. Bristol Botanicals Limited has a catalogue containing more than 3,000 high-quality botanicals for businesses, healthcare professionals, and educational and research institutes across the UK as well as internationally. Moreover, the growing e-commerce sector, particularly in the emerging nations, is contributing to the enhanced sales of corn silk end products such as dietary supplements and others. For instance, In April 2018, Amazon.com, Inc. (NASDAQ: AMZN) announced that the company had increased its storage capacity by 1.5 times as compared to 2017 in India under its expansion strategy. Such developments are expected to positively impact the global corn silk industry growth over the forecast period.
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The major players in the global corn silk market are Bristol Botanicals Limited and Nutra Green Biotechnology Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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