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Pakistan's nascent information technology (IT) sector is taking a different route from the bigger Indian counterpart but is still looking for help in making a leap forward.

Aarti Industries currently has three main business verticals viz., Speciality Chemicals, Pharmaceuticals and Home & Personal Care. The management has decided to separate/demerge the Home & Personal Care division into its subsidiary whilst also consolidation a chemical manufacturing unit for its other business.

"The global cannabidiol market size is expected to reach USD 9.69 billion by 2025. It is projected to register a CAGR of 32.6% during the forecast period. CO2 is the most majorly used extraction technique to safely and purely extract the cannabidiol (CBD). There is a rise in demand for high CBD hemp biomass, which is expected to propel growth of the CBD market. Equipment and processing practices differ significantly depending upon cultivation, variety of hemp, available equipment, and standard processes according to regions. Manufacturers are heavily investing in time and resources to maintain consistency in the quality of products. This also includes the development of reliable supply chain. Manufacturers are focused on R&D activities to develop various strains of cannabis which are CBD rich. Apart from conventional manufacturing of CBD and its products, development of synthetic CBD has been recently introduced. Involvement of biotechnology for production of synthetic CBD has resulted in potential growth of low-cost mass production. However, the product development is still in nascent phase."

At present, the industry is in its nascent stage, with few manufacturers. Japan is expected to lead the industry, owing to the early adoption of the technology. In addition, high investment in R&D pertaining to the product coupled with several patents by the Japanese researchers are key factors contributing to the high growth. The industry was dominated by the TiO2 photocatalysts, owing to early research on this product. However, initiatives taken by the manufacturers to develop innovative photocatalysts materials using zinc oxide (ZnO), and cadmium sulfide (CdS) is likely to challenge the existing material and open new avenues for the industry growth over the projected period.