Blow Fill Seal Technology Market: Cutthroat Competition Between North America & Western Europe in Terms of Market Share

The global blow fill seal technology market is estimated to be valued at about US$ 3,122 Mn in 2017. The market is expected to reach about US$ 7,208 Mn by the end of 2027, registering a CAGR of 8.7%. The global sales consumption of blow fill seals is estimated to be pegged at 6,645.5 Mn Units in 2017 and is expected to reach 14,143.3 Mn Units by the end of 2027.

Blow fill seal technology aids in curbing medical non-adherence issues

Over the last three decades, poor medical adherence has posed a serious challenge for the healthcare industry as it raises a risk to patient safety as well as leads to elevated healthcare costs. To deal with the issue, the healthcare industry continually makes serious efforts to improve the use of medication through the development of unique drug delivery systems as well as packaging to ensure the right dose is taken by the patient at the right time.

In the United States specifically, it has been reported that around 50% of prescribed medications are taken incorrectly by patients and in a study conducted by IMS Health, it was reported that costs amounting to more than US$ 200 Bn are incurred in the U.S. healthcare system, due to medicines not being taken by patients responsibly. This scenario has created a demand for pharmaceutical products that have accurately measured doses and provide ease of use and level of comfort to patients. Blow fill seal technology has been extensively employed by pharmaceutical companies in North America for the manufacturing of unit dose packaging solutions as a solution to improve patient adherence to prescribed drug regimes. Moreover, packaging of medication in a single dose through blow fill seal technology ensures better drug accuracy and reduction in the contamination of drugs, due to the protective packaging.

Medication non-adherence is a substantial risk to patient wellbeing — the resulting consequences generate significant waste in healthcare, and cost even more in terms of poor patient outcomes. The expectation of better health outcome in real-world use is leading pharmaceutical companies to focus on key formulation, form and packaging tactics to deliver safer and more effective drugs to patients around the world.

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Manufacturers are faced with the challenge of finding the optimum balance between cost and quality

Manufacturers have to deal with increased pressure to maintain cutting-edge standard manufacturing facilities and also to employ the most skilled workforce. But they are also faced with a challenge to reduce the cost of the final product. Moreover, government cost reduction strategies are generally focussed on generic drugs. Blow fill seal technology costs include labour, resins, straight line depreciation and maintenance, due to which pharmaceutical product manufacturers are reluctant to incorporate this technology in their manufacturing lines. Balance between cost and quality is a major challenge for the pharmaceutical packaging industry. Moreover, the pharmaceutical industry in North America is being impacted by the increasing cost of research and development and by the slow development of new drugs.

Global Blow Fill Seal (BFS) Technology Market Analysis, by Region

• Being a developed region, North America has a huge medical sector that is expected to support the demand for BFS technology in the region. North America is estimated to be the market leader in terms of BFS technology and is expected to register a value CAGR of 9.8%
• The APEJ region is anticipated to register a CAGR of 8.3% in terms of revenue over the forecast period and represent total incremental opportunity of US$ 763 Mn
• Western Europe is expected to be the second largest region in the BFS technology market as it spends hugely on the pharmaceutical sector. The region is slated to exhibit a value CAGR of 9.1%
• MEA is anticipated to be the smallest contributor in the global BFS technology market over the forecast period

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Smart Plant-Based Food Packaging – A New Way to Package Food that Cuts Down on Harmful Carbon Emissions

Food packaging is essential for containment of products, preservation and protection, to reduce food spoilage, eliminating the risk of adulteration and present food in a hygienic and aesthetically attractive way. According to the Agriculture and Food Organization, one third of the food in the world is wasted and most of this wasted food is generated by retailers and consumers who follow dates on packages and throw away edible food due to a label. Therefore, a project was initiated in order to develop smart plant based food packaging which increases the shelf life of food and the researchers also have formulated sensors that notify the consumers and retailers whether the food inside can be consumed or not. The global smart plant based food packaging is expected to register a healthy growth rate over the forecast period.

The global smart plant based food packaging market is driven by various factors which includes eminent advantages of smart plant based food packaging and demand from food & beverage industry. Smart plant based food packaging not only extend the life of the food product but also eliminates the need for environment-harming plastic. The global smart plant based food packaging market can be segmented on the basis of product type, material type and as per the region. On the basis of product type, the global smart plant based food packaging market is segmented into blow moulded, pot designed and others. On the basis of material type, the global smart plant based food packaging market is divided into cellulose based film and blow moulded film. On the basis of region, the global smart plant based food packaging market is segmented into North America, Europe and the emerging countries of Asia Pacific.

Safety of food products has become a top priority of consumers on a global scale. Increasing awareness among the consumers regarding the environmental concerns and gradual change in buying habits, which in turn is anticipated to propel the smart plant based food packaging market. Biodegradable plant based polymers in smart plant based food packaging is manufactured by cultivating carbohydrates via bacteria, while bio plant based polymers are macromolecules derived from plant residues. This provides the smart plant based food packaging improved food preservative properties. It is mainly designed to extend shelf life of the food and also to protect the contents from its surroundings. Standard packaging permits the entry of air which places limitations on shelf life of the food.

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There are lot of opportunities that exists for smart plant based food packaging in the food packaging market in the developing economies as the food packaging technology is making huge progress in these regions, which in turn is anticipated to drive the global smart plant based food packaging market globally. North America is leading the smart plant based food packaging market followed by the Asia Pacific and Europe market for smart plant based food packaging. However, the growth rate shown in these regions have subsided considerably as the smart plant based food packaging market is close to its peak. This growth is however restored by the high growth rate of smart plant based food packaging market in regions of Asia Pacific which includes China, India and Latin America.

Smart plant based food packaging is one of the areas where food packaging companies can emphasize on refining their practices. Reutilizing in-house and using eco-friendly and/or recyclable packaging is another step, but making smart plant based food packaging materials means using more biodegradable products. Heinz, Coca-Cola and SINTEF are the major companies participating in the movement towards the use of smart plant based food packaging. Coca-Cola uses Brazilian sugarcane but is also looking into other plant based materials. Currently all of the company’s bottles are made of fully recyclable plastic using bio-based products whereas SINTEF is now ready to present the first demonstration of packaging made from polyactic acid. The company has partnered with other collaborators like Logoplaste and Greek company Agro to develop smart plant based food packaging. Other food packaging companies need to find if they can alter their packaging necessities and fit smart plant based food packaging material in their budget for which the USDA has proposed a loan guarantee program which will give smart plant based food packaging manufacturers easy access to loan and also cheaper interest rates in order to build a new plant.

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Root Beer Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Root beer is a beverage brewed from a variety of roots, herbs, berries, and barks. Traditionally, it is made at home as a medicinal beverage. Primary ingredients used to make root beers include artificial sassafras flavors and sugar. Most modern root beers are carbonated soft drinks and generally sweet and foamy. Root beers are may be carbonated or non-carbonated.

Initially, Sassafras tree was used as the main ingredient to make the root beer. The sassafras tree contains volatile oils. However, now a days most modern root beers are made with artificial flavors and sweeteners and do not contain Sassafras as the US Food and Drug Administration banned the use of Sassafras in food and beverages, due to the health concerns associated with Sassafras. The most common ingredients used to make different root beer flavors include Anise, which provides licorice flavor, Sarsaparilla is use to provide bitter flavor, Vanilla is used impart a creaminess flavor and Wintergreen is used to provide a minty flavor to root beer.

Market Segmentation:

The Root Beer market can be segmented on the basis of type, by distribution channel, and by regions. On the basis of type, the Root Beer market can be segmented into alcoholic and Non-alcoholic. Alcoholic root beer have been gaining popularity in the major markets such as North America.

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Based upon distribution channel, root beer market is segmented into supermarkets/ hypermarkets, specialty liquor stores, online, bar and nightclubs, and others. Amongst rapidly growing distribution network specialty liquor stores acquire major market shares followed by bar and nightclubs.

Market Regional Outlook:

On the basis of geography, the root beer market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa. In regional markets, North America is the largest producer and consumer of Root beer. In North America, U.S. is the leading consumer of Root beers.  The ability to pair well with a scoop of vanilla ice cream and distinctive flavoring, soft root beers remains a popular choice among consumers. Alcohol root beers are becoming more popular due to its less alcohol percentage and sweet taste and the brew tastes nearly identical to a non-alcoholic root beer. Europe is another major market for root beers after North America. Root beers are gaining popularity in Asia Pacific and Middle East, due to changing consumer life style and influences of western culture. This factors are expected to drive root beer market growth in developing regions.

Market Drivers and Trends:

The desire among the consumers for new and interesting flavored craft brews is the major driving factor for global root beer market. Root beers possess a fine balance between full-flavored creaminess and strong root spiciness. Root beers are available in different flavors unlike traditional beers. Furthermore, the unique flavor profile of root beers has made it one of the most popular beverage among the consumers. Increasing consumer interest in sweeter taste beers also driven the market for root beer market globally. The main ingredient used to make root beers is wintergreen which has a fresh flavor and sharply strong aroma. By mixing wintergreen with the additional ingredients in the soda, it provides a nice balance against the sweetness. There are hundreds of different recipes for root beer and the drink has a wide range of flavors, which creates opportunity to offer various beer flavors in the market. The common ingredients used to make root beer include Anise, liquorice root, Sarsaparilla, Sassafras.

Root Beer Market Key Players:

The market for Root Beer is highly fragmented with a large number of regional and international players. Some of the key players in Root Beer market include  Craft, A&W Restaurants, Sage Mixology company, Dr Pepper Snapple Group, Crazy Uncle, Mill Street Brew Hall, Seagram, Rhineland Brewing Co, Best Damn Brewing Co etc.,

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Pallets Market: Market Players and Regional Data Coverage Report of 2025

Demand for pallets is gaining healthy traction owing to increasing urbanization in emerging countries such as China, Brazil and India, implicating the establishment of better and safer goods transportation system in large-scale industries such as food & beverages, pharmaceuticals and agriculture in these nations. According to Persistence Market Research’s new report, the globalpallets market, which is currently valued at over US$ 47,337 Mn is expected to register a CAGR of 5.4% between 2017 and 2025 to reach a valuation of US$ 76,067.2 Mn. During this eight years of the forecast, the market will be primarily driven by increasing global standards of goods transportation operations that is necessitating the adoption of pallets to a significant extent.

PMR’s report, titled “Global Pallets Market Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025” projects that growth of the retail and automotive sectors in regions such as Asia Pacific and Latin America is likely to boost the growth of the global pallets market over the next couple of years. The market in Asia Pacific is anticipated to present lucrative growth opportunities for pallet manufacturers. Moreover, growing number of supermarkets and hypermarkets is also leading to widespread adoption of pallets in the region. Pallets facilitate easier and faster movement of large quantities of consumer products from inventories to display cabinets. In terms of value, Europe and North America are expected to retain their leading positions in the global pallets market over the forecast period, as these two regions were early adopters of pallets.

PMR report further cites that leading players in the market are focused on geographical expansion through acquisitions and mergers in an effort to increase sales. Companies are also concentrating on strengthening their distribution network in order to maintain a competitive edge in the global market.

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Brambles Ltd., Falkenhahn AG, Cabka Group GmbH, Palettes Gestion Services, PalletOne, Inc., Schoeller Allibert Group B.V., Corrugated Pallets Company, ORBIS Corporation, Craemer Holding GmbH, Rehrig Pacific Company, Inc., Edwards Timber Company, Inc., Shanghai Lika Plastic Pallet Manufacturing Co., Ltd., Tasler, Inc., World Steel Pallet Co., Ltd., Arrington Lumber and Pallet Company, L.C.N Inc., Industrial Pallet Corporation, Loscam Australia Pty Ltd, PECO Pallet, Inc. are some of the prominent companies operating in the global market for pallets. Many of these companies are further improving their product portfolio by developing new products that are more efficient and have greater functionality.

Key Excerpts from the Report Include

• Based on structural design, block pallets are the most widely used pallets across the world, however, in North American stringer pallets are favored more. In terms of value, block pallets are expected to account for the largest share of the market over the forecast period.

• By material type, wood is currently the most preferred material for manufacturing pallets. This is primarily owing to its massive benefits in terms of response time and low startup cost for customized designs. Nevertheless, demand for plastic pallets is expected to grow at an impressive rate during the forecast period.

• By end-user, the food and beverage sector accounts for the largest value share of the market and is expected remain dominant throughout the assessment period.

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Data Protection as a Service (DPaaS) Market Research Report 2017

The three leading providers of data protection as a service models in 2015 were EMC Corporation, HP Development Company, L.P., and Amazon Web Services, Inc. They held leading shares in DPaaS consistently till now and are additionally showing a high rate of growth over the coming years. The data protection as a service models provided by IBM Corporation are considered to hold strong potential.

As per a new publication by Transparency Market Research, the global market for data protection as a service is in a state of intense competition, due to the high proliferation of cloud computing in multiple industries and sectors around the world. With data recovery and disaster management of data fast becoming the top priorities of both large enterprises and SMEs, the providers of data protection as a service are situated in a highly promising position of growth till 2024.

The global market for data protection as a service is expected to show an astronomical CAGR of 30.1% within the forecast period from 2016 to 2024, with respect to its revenue. The revenue is expected to be US$5.66 bn by the end of 2016 and is projected to reach US$46.40 bn by the end of 2024.

North America Leads Demand for DPaaS

North America, with its massive IT industry and the growing scope of cloud computing in the public sector, is expected to retain its dominant share in the global market for data protection as a service. By the end of 2024, North America is expected to generate as much as US$14.07 bn in DPaaS revenue.

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Asia Pacific on the other hand is expected to be the faster region in terms of demand for data protection as a service. This region’s DPaaS market is projected at a CAGR of 33.6% from 2016 to 2024.

Globally, the private cloud has been the more preferred deployment model for data protection as a service. This segment is expected to generate US$20.123 bn by the end of 2024. Meanwhile, hybrid clouds are expected to show the faster growth in demand as far as the deployment of DPaaS is concerned. It is projected at a CAGR of 31.1% from 2016 to 2024.

In terms of the types of services offered in DPaaS, DRaaS is expected to overtake BaaS by 2024, reaching a revenue of US$19.73 bn.

DPaaS Need Increases With Growing Cloud Computing Workloads

One of the key drivers for the global data protection as a service market is the staggering volumes of workload taken up by the cloud computing application markets. There is a very high degree of virtualization today, with SaaS, PaaS, and IaaS being pushed across multiple industry verticals. The overall workload is rapidly migrating from conventional data centers to cloud-based platforms.

“With greater cloud-based workloads will come a greater need for data protection. This is where the providers of data protection as a service come in, supplying the needful,” states a TMR analyst.

Complexity and Compatibility Still hampering DPaaS Proliferation

DPaaS solutions can be extremely complicated in nature when it comes to deployment. This has to do with the current IT systems and infrastructure already in place. This system can be quite complex and detailed, and to replicate the same on a cloud platform can become very difficult and time consuming. There is a relative lack of redundancy solutions being offered by DPaaS providers, further increasing the restraining factor on the market’s growth.

There is also the issue of compatibility when it comes to the cloud applications and their use in multiple industry verticals. Most data protection as a service solutions are high-transaction and critical in nature, thereby allowing little scope of creating archetypes that can be applied across different vertical, thereby restraining the market’s growth.

The analyst adds, “There is still an immense scope of growth left for data protection as a service providers in emerging economies, especially the Asia Pacific region. India, China, and Southeast Asia are expected to become key regions in the utility of cloud computing, thus becoming key sources of finding users for data protection as a service solutions.

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Low Cost of Operations Drives P2P Lending Market

The key trend likely to be adopted by leading players in the global peer-to-peer (P2P) lending market is to build strategic alliances to expand its small business loan divisions. For instance, Prosper Marketplace, Inc. joined hands with OnDeck and bought American Healthcare to improve its product portfolio. Similarly, LendingClub Corporation is also targeting startups by collaborating with trustworthy investors in the market.

Another radical trend identified by Transparency Market Research is innovative solutions offerings that target students. CommonBond Inc.is working towards connecting student borrowers with individual investors to help them acquire low-cost loans.

Improved Interfaces Making Borrowing and Lending Simpler

Simplification of modes used for peer-to-peer lending such as improved online interfaces has augmented the peer-to-peer lending market in the recent years. A TMR analyst says, “With technological advancements, borrowers can log on to seek funding and get instant updates such as completion of the process or the funds received in the bank account.”

This market is also being driven by the increasing number of student population seeking simpler methods of obtaining student loans. The prediction software calculates the loan amount and ability to repay by considering a few factors, thereby making the lending and borrowing process much easier.

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India and China Remain at Forefront of Overall Market

The huge population base of China and India is offering incredible growth opportunities for the global P2P lending market. The TMR analyst says, “In 2014, out of the 400 million borrowers in India only one in every seven borrowers acquired a formal loan.” Considering this surprising statistic, it is evident that P2P will bridge the gap between inaccessibility to modes of credit and eagerness of P2P lending companies to grow.

Furthermore, the emergence of small and medium businesses in these developing economies is anticipated to seek loans, which will also set the ball in motion for the rise of P2P lending market in Asia Pacific.

Shift Towards Traditional Saving Methods Poses Risk

The possibility of borrowers turning to banks and other formal lenders is a perpetual risk to the P2P lending market. The battle to win bigger market share in the overall economy has forced several banks and traditional lenders to improve their interest rates. Thus, schemes promising high interest rates on savings could dampen the future of P2P lending market. The global P2P lending market will also be hampered by the direct risk investors face in case if there are defaults on the repayment of the loan.

TMR findings suggest that the opportunity in the global peer-to-peer market will be worth US$897.85 bn by 2024 from US$26.16 bn in 2015. The market is anticipated to rise at a whopping CAGR of 48.2% between 2016 and 2024. The biggest contributor to this growth will be small business end user segment that was likely to pace ahead at an impressive CAGR of 48.8% during the forecast period, very much retaining its leading stance.

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Reusable Water Bottles Market – Increasing Preference for Eco-friendly Products to make Metal Segment Dominant

The global reusable water bottle market comprises large number of players and thus, the market is fragmented. The top five players within this market accounted for a meager 6% share of the overall industry in 2016. The names of these players are: S’Well Corporation, Tupperware Brands Corporation, Brita GmbH, CAMELBAK PRODUCTS LLC, Nalge Nunc International Corp., Klean Kanteen Inc., Contigo, SIGG Switzerland AG, AQUASANA Inc., Thermos LLC, Bulletin Bottle, O2COOL LLC, Cool Gear International LLC, and Nathan Sports Inc. The market is extremely competitive as new players are continuously attempting to enter within the global reusable water bottles industry and on account of the high potential growth it offers. Capacity expansion, launch of new products, and strategic alliances are the three business strategies employed by the players within the market so as to acquire more shares within the market and make a mark for themselves, states Transparency Market Research (TMR) in its recent research report.

According to TMR, the global reusable water bottle market is anticipated to expand at a slow 3.6% CAGR from 2017 to 2025. This market is anticipated to be worth US$10.4 bn by 2025. On the basis of geography, it is anticipated that is Asia Pacific will contribute the highest to this market. The Asia Pacific reusable water bottles market is anticipated to reach US$1,208.5 mn by 2025. On the basis of material, it is estimated that the metal segment will lead in the market accounting for 33% of the total share. By distribution channel, it is the hyper market/super market segment which will lead and account for 35% of the total market share.

Increasing Efforts By Manufacturers Improve Quality Of Reusable Bottles, Supporting Growth

According to the report, the global reusable water bottles market is anticipated to witness growth in the years to come on account of the changing consumer preference for reusable water bottles over single use water bottles. As manufacturers are consistently striving to improve the quality quotient of the reusable bottles, consumers are expected to increasingly prefer these water bottles. Increasing demand for convenience products and growing disposable income of consumers will also help the market to grow. An overall improvement in the economy and the rise in the spending power of the middle class population will lead to an increase in the sales of high quality, superior, and convenient consumer goods. Manufacturers are thus, encouraged to develop products with additional features such as mist sprayers, embedded infusers, and others.

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Growing Awareness Regarding Ill Effects of Using Plastic to Store Liquid for Long Term to Drive Growth

The market is benefiting from the growing consciousness and awareness among consumers regarding the ill effects of the use of plastic. With an increasing number of studies suggesting that the use of plastic for storing liquid for long duration can be lethal in the long term, will also fuel the growth prospects of the reusable water bottles market. Another factor supporting the growth of reusable water bottles market is the increasing concern about environmental conservation and the rising number of steps taken by government to reduce the use of plastic and decrease plastic waste. This in turn is creating a heightened demand for reusable bottles that make use of metals and polymer.

Bolstering Growth of Bottled Water Market to Threaten Growth of Reusable Water Bottles Market

The high cost of raw materials such as steel, glass, and aluminum increases the price of the finished product which in turn limits their usage especially in cost-sensitive regions. The staggering growth of the bottled water market is also threatening the growth of the reusable water bottles market. Bottled water is easily available and highly portable, and these two reasons deter many consumers from purchasing reusable water bottles.

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