Connected Logistics Market: Asia Pacific to Clock Robust Growth in Near Future

A report by Transparency Market Research highlights International Business Machines Corporation, Google Inc., Amazon Web Services Inc., Infosys Limited, Microsoft Corporation, SAP SE, Dynatrace LLC, NETSUITE Inc., Oracle Corporation, and Freightgate Inc.as the key companies in the global connected logistics market.

“Key players in the global market for connected logistics are adopting numerous strategies to stay competitive. Product development and mergers and acquisitions are some of the key growth strategies adopted by key players to steal a march over their competitors,” explains the author of the study.

 

The report by Transparency Market Research estimates the global connected logistics market to expand at a robust CAGR of 17.8% between 2017 and 2025. Progressing at this pace, the market’s valuation will become US$55.17 bn by the end of 2025 from US$10.21 bn in 2016.

Asia Pacific to Exhibit Lucrative Opportunities over Forecast Period

The global market for connected logistics by service has been segmented into asset management, remote asset tracking, security, network management, and data management.

North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America are the key segments of the global connected logistics market based on geography. North America currently leads the global connected logistics market vis-à-vis revenue. However, the Asia Pacific market is expected to surpass other regions in terms of growth rate over the forecast period.

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Real-time Tracking of Sensitive Products Pushes Adoption

Amongst several growth drivers of the connected logistics market, breakthrough development in the transportation of sensitive products such as pharmaceutical items is a key one. For instance, in the event of severe temperature fluctuations at the time of transport, the manufacturer would receive alerts and would be in a position to take action before the products gets affected.

Connected logistics have added a new dimension to the management of logistics across all industry sectors. Connected logistics involves several sensors that provide real-time information related to road conditions, weather, and shipping lane traffic when connected to internal and external data feed.

The internet of things technology is increasingly becoming central to business processes across industry verticals. With the rising prominence of internet of things in the logistics industry and the multiple applications of connected logistics in e-commerce, the global connected logistics market is receiving a fillip.

Along with this, the growing need for integrity and transparency control, which includes place, right products, on time delivery, perfect condition of the product, and product delivery at optimal cost, along the supply chain is driving the need for connected logistics. This is mainly for the transportation of delicate goods that need special monitoring at the time of transportation. Further, in logistics and e-commerce, shipment details and real time product tracking have become a necessity, which are some other factors driving the market.

Another key factor stoking growth of the global connected logistics market is need for transparency in networks and assets from logistics companies. This is mainly for optimization of network utilization and to attain maximum efficiency in the process.

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Bio-based Adhesives for Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

Bio-based adhesives market is growing across the globe, due to high growth of the biotechnology industry, severe environmental regulations for petrochemical adhesives, and the instabilities in the rate of petrol-based ingredients. Bio-based adhesives are highly demanded by the packaging, construction, and pharmaceutical industry. Packaging and paper are the most important application industry for bio-based adhesive. Bio-based adhesives used in the packaging industry for manufacturing rigid cardboard boxes, multi-layer films, tapes, and labels etc. Bio-based adhesives increase the performance of product, binding strength, durability and elasticity, it must be suited for food packaging because of the eco-friendly nature. Increasing government regulations towards the use of bio-based product influence the manufacturer to come up with new innovation in the market. The technological innovation and research in the biotechnology industry support in the adoption of bio-based adhesives for packaging globally and it promotes new vendor to come into bio-based adhesive for packaging market. Continuous use of the conventional adhesive may affect the growth of the bio-based adhesive for packaging market.

Bio-based Adhesives for Packaging – Market Dynamics:

There are several factors which contribute to the growth of the bio-based adhesives for packaging market. One of the significant factors which participate in the growth of the bio-based adhesives market is growing demand by the various industries such as packaging, pharmaceutical, woodwork, and construction etc. Moreover, rising prices of oil may stimulate commercial interest in bio-based adhesives rather than alternative synthetic adhesives. Furthermore, rising number of regulatory policy aimed at limiting the development of the petroleum-based product is one of the considerable factors for the growth of bio-based adhesives market. Inclination towards the use of bio-based and eco-friendly products is also a growing concern for the growth of the bio-based adhesives market. Low shelf-life and continued usage of conventional adhesive may affect the growth of the bio-based adhesive market. Innovation in the technology, product and enhancing their properties will offer numerous opportunity for the bio-based adhesives for packaging market growth.

Bio-based Adhesives for Packaging – Market Segmentation:

Bio-based adhesives for packaging market can be segmented on the basis of source type, and application.

On the basis of source type, bio-based adhesives for packaging market is segmented into –

• Plant Based
• Animal Based

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On the basis of application, bio-based adhesives for packaging market is segmented into –

• Taping
• Rigid Box
• Labelling
• Multi-layer Films

Bio-based Adhesives for Packaging Market – Regional Outlook:

Geographically, the bio-based adhesives for packaging market have been segmented on the basis of region into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). North America and Europe are expected to collectively dominate the market throughout the forecast period. However, many bio-based adhesive manufacturing companies are investing in Asia Pacific to tap the demand and potential for bio-based adhesives for packaging. Latin America and Middle East & Africa are expected to witness sluggish growth over the forecast period. Europe, APAC, and North America are expected to create maximum incremental opportunities in terms of revenue for companies involved in the bio-based adhesive market. However, China and India based adhesive manufacturers are looking to seize most of the opportunity offered in terms of revenue from the global bio-based adhesives for packaging market. Asia Pacific and North America have the largest regional market for bio-based adhesives for packaging, owing to high demand for bio-based adhesive product. The Middle East and Central and South America are expected to observe considerable growth rates in near future for bio-based adhesive for packaging market.

Bio-based Adhesives for Packaging Market – Major Players:

Few of the major players identified across the globe in the bio-based adhesives for packaging market are Ashland Inc., 3M Co., Avery Dennison Corporation, Ingevity Corporation, Collano Adhesives AG, EcoPro Polymers, Bio-Adhesive Alliance Inc., Meredian Holdings Group, Inc., Henkel Corporation etc.

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Corrugated Boxes Market: Demand for Corrugated Boxes to Remain High in APEJ

The global corrugated boxes market demonstrates a competitive and an extremely fragmented business landscape, states a novel report by Transparency Market Research (TMR). The leading vendors of corrugated boxes mainly compete on the basis of their product portfolio and the pricing differentiation. Currently, the key companies are concentrating on expanding their business by constructing new production units and introducing new products in the emerging regions.

Going forward, the market is anticipated to witness a stiff pricing competition among enterprises in the years to come due to the continual inflow of new vendors in this market, reports the research study.

 

According to TMR, the global market for corrugated boxes will reach a whopping sum of US$96.60 bn by 2017 end. Researchers expect a significant rise in the opportunity offered by this market during the period from 2017 to 2022, expanding at a CAGR of 3.60% and arriving at US$115.15 bn by the end of the forecast period, sates the report.

Rise in E-commerce to Shape Corrugated Boxes Market’s Future

“With the significant rise in the packaging and converting industries, the demand for corrugated boxes has bolstered across the world, says a TMR analyst. The increasing application of corrugated boxes in the logistics, fresh food and beverages, electronic goods, and the home and personal care goods industries is boosting the global corrugated boxes market significantly. Apart from this, the rising preference for sustainable packaging among consumers is also driving the growth of this market across the world.

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Over the coming years, this market is likely to gain from the remarkable progress of the E-commerce industry, worldwide, as online retailers have begun to increasingly utilize various types of corrugated boxes, on the basis of the kind of product to be transported, for the safety of the products. Efficient packaging is fast becoming one of the primary business requirements in the E-commerce industry, which is expected to reflect on the growth of this market over the next few years, states the report.

Overall, the market’s future looks thriving; however, it may face hindrances in the near future, on account of the high price of corrugated boxes. The rise in the processed food industry, on the other hand, will help the market to normalize the impact of this restraining factor in the years to come.

APEJ to Remain on Top Spot

Latin America, Asia Pacific excluding Japan (APEJ), Japan, North America, Europe, and the Middle East and Africa (MEA) have surfaced as the prominent regional markets for corrugated boxes, states the report. Presently, Asia Pacific excluding Japan is leading the global market and, expanding at a CAGR of 4.10%, it is anticipated to remain on the top spot over the period of the forecast.

North America and Europe are also projected to witness a significant rise in the demand for corrugated boxes in the near future on the grounds of the rising preference for online shopping among consumers, reports the study.

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Global Fiber based Packaging Market: Players take Mergers and Acquisitions Route to Expand Product Portfolio, notes TMR

A fresh market intelligence study by Transparency Market Research (TMR) finds the global fiber based packaging market is marked by intense competition and fragmentation  due to the presence of several players of varying sizes. Keen players in the market are pouring money into research and development for the introduction of innovative products in order to serve a large customer base. They are also resorting to mergers and acquisitions to expand their footprint, thereby enhancing their product portfolio.

Prominent participants in the global fiber based packaging market include International Paper Company, DS Smith plc, Huhtamaki Oyj, Smurfit Kappa Group plc., Sonoco Products Company, WestRock Company, Georgia-Pacific LLC, Pratt Industies Inc., Reynolds Group Holdings Ltd., U.S. Corrugated Inc., UFP Technologies Inc., ESCO Technologies Inc. Ltd., Brodrene Hartmann A/S, KapStone Paper and Packaging, Mayr-Melnhof Karton AG, Rengo Co. Ltd., Mondi Group, Stora Enso, AR Packaging Group AB, and BillerudKorsnas AB.

 

The global fiber based packaging market has witnessed extraordinary growth over the past few decades on account of numerous applications of fiber based packaging across several end-use industries. Driven by this and several other factors, the global fiber based packaging market is projected to register a 3.8% CAGR vis-à-vis revenue over the forecast period 2017 to 2025, for the market to reach a valuation of US$383.5 bn by the end of 2025. The market was evaluated to be worth US$284 bn in 2016.

Among the various segments based on packaging type, corrugated boxes lead with an estimated share of more than 45% by value. Corrugated boxboard contributes more than 50% revenue amongst all material type segments in the fiber based packaging market. Food packaging segment leads amongst key end-use segments holding almost 40% market share by value. Region-wise, Asia Pacific is anticipated to emerge as the most lucrative market in terms of both value and volume over the forecast period.

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Favorable Physical Attributes and Cost-Effectiveness Drives Adoption

Across the world, the growth of the packaging industry and a shift in consumer preference have resulted in the impressive growth of the global fiber based packaging market in the past decade, says a TMR analyst. Fiber based packaging is increasingly being preferred by consumers due to its advantage of being light weight and cost effective. Apart from this, fiber based packaging offers advantages of employing highly automated machines for the design of paperboard products, which in turn, substantially reduces labor and packaging costs.

Further, factors such as easy availability of raw materials is attracting manufacturers to manufacture fiber based packaging solutions. The flourishing food and beverages, pharmaceuticals, and personal care industries are expected to fuel growth of the fiber based packaging market.

Natural Characteristic Receives Government Approval

The growing concerns of global warming are also having a positive impact on the growth of global fiber based packaging market. Product manufacturers and consumers are increasingly focused on the manufacture and purchase respectively of eco-friendly packaging solutions. Fiber based packaging utilizes biodegradable material obtained from natural sources that are sustainable in the long run. With the increasing demand for sustainable products, manufacturers are expanding their product portfolio to include sustainable packaging solutions. Further, government regulations that strictly monitor plastic packaging solutions and encourage the use of bio-degradable packaging solutions have accentuated the demand for fiber based packaging.

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Haptic Technology Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Haptic is a Greek word which means ‘able to come into contact’ or ‘anything related to sense of touch’. The technology where the sense of touch is recreated through vibration or other means is known as haptic technology. Haptic technology saw one of the earliest applications in large aircrafts, where controls surfaces were operated through servomechanism systems, a system which provided negative feedback when it sensed error. The servo systems was not equipped enough to let the pilot know of any external threats. The servo systems were modified with weights and springs to allow sending vibrations to the controller in the pilot’s hand, whenever threats were detected by the servo system. Modern haptic technology utilizes sensors to measure the amount of force exerted, by the user, on the user interface and then sends a feedback.

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The market for haptic technology is growing at a very fast pace, primarily owing to the growing demand for various consumer electronic devices globally. Haptic technology is now a common feature in most mobile handsets such as smart phones and tablets. It is also being used in various laptops. It has also being seeing growing applications in gaming consoles. The increasing penetration of internet of things (IoT) coupled with rural penetration of internet in emerging economies has been boosting the growth of smart phones, tablets and laptops market. This in turn has been positively impacting the growth of haptic technology market. Additionally, haptic technology is also being utilized in vehicular electronics and medical electronics among others. Furthermore, various research institutes and research and development (R&D) divisions of corporations have been focusing on improving haptic systems and also to develop newer applications for haptic technology. Considering all the positive impacts of the above mentioned factors, the market for haptic technology is expected to grow at a fast pace.

The global haptic technology market can be segmented, on the basis of feedback, into force and tactile. Tactile haptic technology is more prevalent owing to their presence in smart phones, tablets, laptops and other consumer electronic devices. On the basis of components, the haptic technology market has been segmented into actuators, controllers and others. By end-use industry, the global haptic technology market is segmented into aerospace & defense, automotive, healthcare, consumer electronics and others. Each of the segments aerospace & defense, automotive, healthcare and consumer electronics is further segmented into commercial and research.

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Research is being conducted on haptic technology in all these sectors and also commands a large amount of revenue share. The global haptic technology market has been further segmented into five regions: North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). In terms revenue, Asia Pacific had the largest market share in 2015, followed by North America and Europe. Growing smart phone penetration, increasing usage of internet enabled devices and large user base for consumer electronics are the primary reasons for Asia Pacific being the top revenue garner. North America is the second highest revenue garner in the haptic technology market. The growth rate of haptic technology is also good in Latin America, with increasing penetration of smart phones and tablets in the region.

The major companies of the haptic technology market globally are Senseg Oy (Finland) Force Dimension (Switzerland), Haption SA (France), Texas Instruments, Inc. (U.S.), Ultrahaptics (U.K), ON Semiconductor Corporation (U.S.), SMK Corporation (Japan), Microchip Technology, Inc. (U.S.), Precision Microdrives, Ltd. (U.K.), IMAGIS Co., Ltd. (South Korea) and Synaptics Incorporated (U.S.) among various others. Some of the strategies adopted by these companies, to remain competitive in the market, includes R&D, mergers, acquisitions and partnership with other companies among other strategies.

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Narrowband IoT Chipset Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

The world narrowband IoT chipset market is foretold to offer a host of benefits and birth impressive use cases which could answer for the cellular IoT troubles. Vendors will be able to produce service-level agreements suitable for certain services such as those related to healthcare. Vodafone has stated that its upgrade costs could be kept low with the move to narrowband IoT. With the usage of licensed spectrum, narrowband IoT strongly competes with other low-power WAN (LPWAN) technologies such as LoRa and Sigfox. Besides this, narrowband IoT is pampered with a wider base of established vendors and telecom operators.

The global narrowband IoT chipset market could be segmented on the basis of application, device, stationing, and technology. All of the key areas of the market are broadly discussed so as to gain a deep insight into the industry.

The report on the international narrowband IoT chipset market is a profound study of the industry which presents some of the most conclusive factors deemed significant for any participant looking to cement its position.

Global Narrowband IoT Chipset Market: Trends and Opportunities

The demand in the world narrowband IoT chipset market is envisaged to testify a telling growth rate on the back of a commanding network coverage and more number of connections provided with the help of narrowband IoT technology. However, the global market is not dependent on just one or two growth factors. The surge in the need for cellular IoT networks is anticipated to raise the bar of growth. On an international platform, the demand could gain strength as consumers become aware of the lower component costs and improvised penetration coverage offered by the narrowband IoT technology.

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The shortfall of standardization, high operational expenditure, fragmented nature of the market, and technological dependence for application are the main factors prognosticated to put the brakes on the growth of the narrowband IoT chipset industry. Nevertheless, vendors in the global narrowband IoT chipset market can keep their heads up with the surge in Internet penetration and an augmenting employment of the narrowband IoT technology.

Global Narrowband IoT Chipset Market: Geographical Study

Some of the top aspects of a significant growth expected on the part of the Asia Pacific narrowband IoT chipset market are the enhancement of the IoT technology furthered with the help of government grants and rapid rise of Internet application. As a result, the region is predicted to record a higher advancement in the global market. South Korea, India, Japan, and China could be the top countries primed for a convincing growth in Asia Pacific.

North America is prophesied to secure a lion’s share in the global narrowband IoT chipset market as the government plans to develop smart cities with mammoth investments in place. Another major factor deemed responsible for the heavy growth in North America could be the presence of sundry communication networks resulting from vast Internet penetration.

Global Narrowband IoT Chipset Market: Competition

Among others, Vodafone Group PLC, U-Blox Holding AG, Ericsson, MistBase AB, and Huawei Technologies Co. Ltd. are foretold to present themselves as major players in the international narrowband IoT chipset market. The report presents a detailed profiling of each player along with an analysis of their key developments and future plans.

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Logistics Industry – From Data and Autonomous Decisions to Intelligence and Actions

The competitive landscape of the global logistics market has so far been highly fragmented, and is likely to stay this way, according to a research report released by Transparency Market Research. The four leading players in the market – Ceva Logistics, Deutsche Post DHL, FedEx, and UPS, Inc. – acquired only about 15% of the market in 2015. TMR also notes that the players in the market, from a global perspective, have been investing more into business expansions, product innovation, and physical locations expansion plans to stay ahead of the curve from local as well as other global competitors.

The global logistics market is set to expand to US$15.5 tn by the end of 2024, from its 2014 evaluation of US$8.1 tn in 2015, while expanding at a CAGR of 7.5% from 2015 to 2024. In terms of volume, the global logistics market is expected to expand at a CAGR of 6.0% for the same forecast period.

 

Road transport infrastructure dominated the global logistics market in 2015, taking up nearly 44.6% of the market’s overall revenue for the year, while waterways took up the leading share for the same years in terms of volume. Second-party logistics were the leading logistic model types used in 2015, for both value and volume, while first-party logistics are expected to expand at a leading rate for the report’s forecast period. Manufacturing was the dominant application over recent years, followed by retail. Asia Pacific dominated the global logistics market in 2015, while the logistics market in the collective RoW area is expected to expand at a leading CAGR for the given forecast period.

Ecommerce Portals Provide Convenience to Customers and Business in Logistics

“The ecommerce industry and its prolific growth rate has had a massive impact on nearly all the industries associated with it. Online shopping is swiftly becoming a highly popular alternative for all consumer demographics, with convenience and variety being the top reasons. This has created an explosion of demand for faster, better, and more efficient logistics services,” states a TMR analyst. The key contributing factor to this scenario currently is the increasing number of consumers with access to high-speed internet which is a strong enabler for browsing online shopping portals.

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Additionally, modern logistics are becoming increasingly consumer-centric, offering multiple advantages to their clients and their consumers, including operational cost reductions, better delivery performance through digital marking and storage of consumer portfolio, to generate better customer satisfaction ratings. This is also projected to continue supporting the growth of the global logistics market.

Companies Looking for Ways to Handle Growing Elderly Workforce

One of the increasingly prominent challenges currently faced by the players in the global logistics market is the increasing ratio of older employees in the chain than younger ones. Physical strength and speed are important for the appropriate functioning of a logistics chain, making it difficult for players to manage their increasingly elderly workforce. This is especially a more prominent scenario in developed economies, due to a generally higher elderly population in these regions. Other restraints experienced by the global logistics market include poor infrastructure in several emerging economies, lower unappealing wages to the younger prospective employees, low diversification, and poor adoption of technology in some nations.

However, organizations around the world are involved in initiatives aimed at training younger workers in different logistics services. A case in point would be the U.S Army’s Logistic Support Activity (LOGSA) workshop designed to train youth in logistics management. In addition, logistics companies are investing heavily in training, educating, and developing a younger workforce.

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