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Retail Sales of Pet Medications to Continue Aggressive Growth
Retail sales of pet medications, including sales through veterinarians, brick-and-mortar retailers, and online, will reach $6.7 billion in 2011, according to a recent report from Packaged Facts. Pet medications sales are expected to post annual percentage gains of 10% by 2015. Growth will come from both the pharmaceutical side of the market, as new drugs are launched, and from the retail side of the market, as products and ingredients crossing over from the veterinary channel broaden their retail following.
Demand for Paint to Recover Along with Housing Market
As the housing market rebounds and home-building resumes, the U.S. paint and coatings industry will grow at a consistent rate. The demand for paint and coatings in the U.S. is expected to rise 7.8% annually through 2015, according to a study by The Freedonia Group. The market is expected to expand strongly in both volume and value terms, as paint and coating suppliers will continue to invest heavily in the development of innovative, higher-value formulations.
Online Shopping Making Significant Gains in Home Improvement Industry
As the home improvement industry continues to recover, specialty retailers (such as storage and organization) are making significant gains. Online shopping has also seen significant growth, with dollar sales up 15% over 2009. Online now represents five percent of all home improvement sales, but is even more important in the specialty channel, representing 20% of those sales, with kitchen and bath specialty stores leading the way in the 12 months ending September 2011.





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