Smart Packaging Market: Evolving Industry Trends and key Insights by 2025

Smart packaging is an advanced form of packaging that provides additional functionalities such as extended shelf life, freshness monitoring and improved safety along with the traditional basic three functions of packaging that is protection, communication and containment. In addition, smart packaging are also used extensively by various end user segments in order to add value to their products, strengthen their brand image and to improve the consumer appeal. In a smart packaging, additive technologies including antimicrobials and oxygen scavengers are being added by various quality indicators that is majorly based on gas detection and temperature monitoring of the products for reducing food deterioration and contamination. Thus, smart packaging involves a combination of science, specialized materials and technology in order to provide advanced protection. The global smart packaging market is anticipated to experience an exponential growth during the forecast period from 2017 to 2025 owing to increasing demand of advanced packaging solution from various food processing and pharmaceutical sectors.

In order to provide a comprehensive and detailed analysis of the market, the global smart packaging market has been segmented on the basis of technology and end user.  Different technology through which smart packaging enhances packaging functionality includes active packaging, intelligent packaging and modified atmosphere packaging (MAP) among others. Moreover, smart packaging also finds its application across various end user segments such as food and beverages, healthcare, personal care and others. The others segment includes application of smart packaging in consumer electronics and agricultural sectors. In addition, current market situation along with future anticipated growth trend of all the above mentioned segments including technology and end user across different regions including Europe, Asia Pacific, North America, Middle-East and Africa (MEA) and Latin America is also provided in this report.

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Rising health consciousness among the consumers in one of the most important factor anticipated to trigger the demand of smart packaging during the forecast period from 2017 to 2025. In current generation (generation Y), consumers are becoming more health conscious. Toxic materials used in traditional packaging, especially food packaging is hazardous to consumer health. Consequently, consumers prefer smart packaging in order to have safe and hygienic products. In addition, changing lifestyle of the millennial population coupled with rising disposable income is also expected to boost the demand of smart packaging in the coming years. Owing to the cumulative effect of rising disposable income and busy lifestyle, consumers are inclining towards packaged foods that are easy to cook and are willing to pay additional price for packaging solution that increase the shelf life of the products and retain proper nutritional values. This in turn is expected to accelerate the adoption of smart packaging by various end user segments especially food and beverage industries and pharmaceutical sectors.

However, high price of smart packaging is one of the most important factor anticipated to hinder the commercial success of these products during the forecast period. Using smart packaging increase the price of the end products, which in turn is expected to affect its demand negatively.

Among the different technology used in smart packaging, the active packaging segment held the largest market share in 2016 and is anticipated to maintain its dominance during the forecast period. Increasing demand for packaging solution that is capable of sensing and manipulating the packaging environment to maintain the microbiological quality of the products is the primary factor attributed to this segment’s dominance.

Geographically, Europe generated the highest revenue in the smart packaging market in 2016 and is followed by North America. On the flip side, Asia Pacific region is predicted to experience the most promising growth during the forecast period. Increasing application of smart packaging across various logistics industry pertaining to the rising utilization of RFID (Radio Frequency Identification) tags at different levels in order to speed up the process of locating products and to facilitate the availability of various real time information is the most important factor anticipated to drive the demand of smart packaging in Asia Pacific region.

Some of the major players operating in the smart packaging market includes 3M (U.S.), PakSense (U.S.), BASF SE (Germany) and Huhtamaki Group (Finland) among others.

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Open API Market 2017 – Industry Trends and Forecast to 2025

An open API (Application Programming Interface) is openly or freely accessible application programming interface that offers developers with programmatic access to proprietary software application. These are the set of requirements that administrate the way an application will interact and communicate with another. Open application programming interface also allows developers to access definite internal functions of a program. Moreover, it aid an individual software to interact with another software. This technology is used both by the developers outside the organization who wish to register access to the interface or developers inside the organization that published the application programming interface. Open APIs are free for everyone to use, backed by open data and are based on an open standard. Some of the well-known open application programming interface are Twilio, eBay and Youtube’s API.

Urgency of creating business models is one of the important factors bolstering the demand of global application programming interface market. APIs are the components that allows diverse platforms, systems and apps to share and connect data with one another. Application programming interface are important for customizing and defining graphical user interface. Moreover, cloud platform providers too have wide-ranging APIs defined and functions in close collaboration with development partners to tweak the application performance. Customer centric development is another important factor boosting the demand of open application programming interface across the world during the forecast period. Organizations are emphasizing strong focus on the customers demand and are responsible for how the quality of the APIs turns out is important. Moreover, growing numbers of third party mobile applications is also an important factor responsible for the growth of the global application programming interface market during the forecast period. If a company’s API is used by the third party developers, it will increase the revenue generation. It helps the API developers to capitalize on their existing assets i.e. hardware and software. It will also help the API providers to reach out to a greater customer base through different partners without experiencing huge distribution cost.

Uncertainty and vulnerability of the third party apps in terms of security is one of the major restraining factors in the global application programming interface market. Since the third party developers gets access to the company’s API, there is an increasing chance of threat levels and opportunities for the cyber criminals to exploit the weaknesses in banking system and online payment. There are intrinsic weaknesses in the APIs that communicate with back- end systems and transfer data. Moreover, continuous exposure to the internet makes them easy to probe. Additionally, insecure web browsers leave the API and UI exposed to attack.

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Implementation of innovative and advanced application programming interface in various sectors is likely to be an important opportunities in the global open API market. Advancement in security of the application programming interface is expected to help this technology to be used in various sectors where the use of open API is less.

Based on types the open application programming interface encompasses web service API, Hardware API, class based API among others. Moreover, on the basis of levels, the global application programming interface market is bifurcated into partner API, Member API, Acquaintance API and Public API. On the basis of application, the market bifurcation comprises banking, healthcare, telecom, financial institutes, Hotels, E-commerce among others. The geographical split of the global application programming interface market encompasses North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is likely to have the highest market revenue during the forecast period.

Some of the key players in the open API market are Apigee Corp.(U.S.), International Business Machines Corporation (U.S.), Twillo, Inc.(U.S.), Google Inc.(U.S.), Orange SA (France), Wipro Limited (India), Oracle Corporation (U.S.), Banco Bilbao Vizcaya Argentaria (BBVA) (Spain), SAP SE (Germany) and Visa Inc. (U.S.) among others.

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Asia Pacific except Japan to Dominate Regional Hierarchy of Reusable Plastic Water Bottles Market

The global reusable plastic water bottles market is likely to exhibit rapid growth in the coming years on the back of growing demand for reusable products in the plastics space due to growing realization of the adverse environmental consequences of large-scale and unchecked use of plastic. The reusable plastic water bottles market has grown steadily across the world in the last few years due to growing support for environmental conservation movements and is likely to remain a key revenue earner in the coming years. Asia Pacific except Japan is likely to dominate proceedings of the global reusable plastic water bottles market, with the growing economies in the region providing the reusable plastic water bottles market fertile ground for smooth growth. By material type, high density polyethylene is likely to remain the dominant segment in the global reusable plastic water bottles market over the 2017-2022 forecast period.

According to Transparency Market Research, the global reusable plastic water bottles market is likely to exhibit a robust 4.5% CAGR over the 2017-2022 forecast period. Valuation of the reusable plastic water bottles market is likely to rise to US$3.2 bn by the end of 2017, with the market expected to be valued at more than US$4 bn by the end of 2022.

Here are the key insights into the growth prospects of the global reusable plastic water bottles market:

Growing awareness about the environmental damage caused by large-scale use of plastic is likely to remain a key driver for the global reusable plastic water bottles market. Growing amount of scientific data has demonstrated the clear risk of increasing the use of plastics at the current rates, with plastic being pointed out as a key pollutant in any ecosystem. Being nonbiodegradable, plastics cause havoc with any ecosystem in which they are dumped, including terrestrial and marine ecosystems. As a result, a growing number of governments now support the innovation of reusable plastic products, which reduce the burden caused by the need to degrade them.

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Rising demand for bottled water in Asia Pacific except Japan is likely to be a major driver for the global reusable plastic water bottles market over the 2017-2022 forecast period. Due to rampant urbanization, economies in Asia Pacific except Japan have become important consumers of bottled water, making them likely to be vital regional markets for global reusable plastic water bottles market players in the coming years. Countries such as China are leading producers of plastic water bottles, making growth of the reusable plastic water bottles market easier in the Asia Pacific except Japan region.

The Asia Pacific reusable plastic water bottles market is expected to exhibit a robust 5.6% CAGR over the 2017-2022 forecast period, with the market expected to account for 34.7% of the global reusable plastic water bottles market by the end of 2022. The Asia Pacific except Japan market for reusable plastic water bottles is likely to gain 195 BPS over the 2017-2022 forecast period, cementing its position as the leading regional contributor to the global reusable plastic water bottles market.

Global Reusable Plastic Water Bottles Market: Competitive Dynamics

Leading companies in the global reusable plastic water bottles market include Vista Outdoor Inc., Thermo Fisher Scientific Inc., BRITA GmbH, Tupperware Brands Corporation, Taiyo Nippon Sanso Corporation, ZheJiang Haers Vacuum Containers Co. Ltd., A. O. Smith Corporation, Implus LLC, Cascade Designs Inc., and Elite S.r.l.

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Fragrance Packaging Market – Global Industry Trends and Forecast Analysis For 2017 – 2025

Transparency Market Research states that the global fragrance packaging market is likely to witness moderate competition as players are investing in innovative methods. Key players such as Gerresheimer AG, Saverglass sas, Verescence France SASU, and Swallowfield Plc are expected to focus on designing innovative packaging solutions to appeal to a larger crowd. Vendors are expected to look at materials that are long-lasting to making the packaging durable. Furthermore, the wave of developing environmental-friendly packaging materials to add a green touch to the product is also expected to be a key strategy of the global players. Several companies are also venturing into emerging economies to grab wider consumer base in order to expand their businesses.

According to the research report, the global fragrance packaging market is estimated to be worth US$2,119.9 mn by the end of 2025 from US$2,031.9 mn in 2016. During the forecast period of 2017 and 2025, the global market is estimated to register a CAGR of 5.0%. Out of the various materials used for packaging perfumes, metals are expected to dominate the global market as they offer the best durability. Metals held a share of 40% in the overall market in 2016, a trend that is anticipated to remain persistent throughout the forecast period. In terms of regions, Europe is projected to dominate the global market as it slated to rise at a CAGR of 3.9% over the forecast period.

Demand for Luxury Goods Bodes Well for Global Fragrance Packaging Market

The research report observes that the growing e-commerce business and the e-retailing industry have collectively augmented the growth of the global fragrance packaging market. The rapid penetration of the internet in the remotest corners of the world has allowed several consumers to shop from the convenience of their homes and various other locations. This fast-growing trend has allowed consumers a quick access to various international brands thereby boosting the sales of perfumes across borders in carefully packaged boxes. The research report also states the increasing awareness about personal grooming, appearance, and increasing interest in cosmetics and beauty products has also led to a demand for better fragrance packaging solutions.

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The soaring demand for luxury goods fueled by rising disposable incomes has also coaxed the industry to design stylish packaging solutions that make a mark in the consumer’s mind. Growing importance to advertising has also encouraged fragrance companies to focus on their packaging as the way their products are eventually marketed speaks volumes about it. Analysts anticipate that consideration of perfumes as valuable gifts, the notion of luxury associated with them, and their long-lasting nature are also some of the key growth drivers for the fragrance packaging market.

Fluctuation of Raw Material Prices to Challenge Market Growth

On the other hand, the increasing demand for environment-friendly packaging solutions is likely to hamper the market’s growth. Growing awareness about the hazardous impact of plastic, glass, and metal on the environment is dissuading several buyers. Owing to this reason, consumers are making a conscious move toward traditional perfumes. Furthermore, the consistent fluctuation of raw material prices is also expected to challenge market growth in the near future.

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Smart Airports Market – Explores New Growth Opportunities By 2024

Some of the leading players operating in the global smart airports market are Siemens AG, Cisco Systems, Inc., and IBM, finds Transparency Market Research (TMR). Top companies in the market are currently developing new and innovative products by integrating physical and digital infrastructures. These players mainly opt for strategic partnerships and acquisitions in order to consolidate their shares, notes TMR. A number of emerging players are developing products that are focused on transforming airport operations as well customer experience, in a move to explore new revenue streams in the market. Some of the players fast emerging in the market are QinetiQ, Amadeus IT Group, and The Raytheon Company. Companies anticipated to grow at a medium pace and have a robust standing include SITA and Honeywell International Inc.

The global market for smart airport solutions stood at US$7.56 bn in 2015 and is projected to expand at a CAGR of 10.8% from 2016 to 2024. The market is anticipated to reach US$19.33 bn by the end of the forecast period.

 

Based on application, the market is mainly segmented into core and business applications. Of these, the core application segment held the leading share in the market. The segment is anticipated to remain dominant, rising at the leading CAGR of 18.4% during the forecast period. The growth is majorly fueled by substantial investments by airport operators and airlines in various core applications, including next-generation web technologies.  Regionally, the market is segmented into North America, Europe, the Middle East & Africa, Asia Pacific, and Latin America. Of these, North America presently leads the global market.

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Adoption of Automation for Improving Operational Efficiencies Boost Market

The intensifying demand for automated services in the airline industry to enhance passenger experience and bring vast process improvements is a key factor driving the smart airports market. The rising demand for self-service solutions at airports for a variety of tasks such as bag recovery, check-in, and flight rebooking is expected to boost the market. The growing need for boosting passenger touch-points is a key factor bolstering the adoption of smart airport solutions among various stakeholders. The need for continuous, real-time communication is a key factor propelling the demand for smart airport solutions. In addition, the rising need for advanced security capabilities is a key factor catalyzing the demand for smart airports solutions.

The soaring passenger traffic in various parts of the world and the burgeoning IT spending to constantly improve operations are the key factor expected to accentuate the smart airports market. In addition, the rise in IT spending toward the adoption of smart, real-time communications anytime, is a key factor expected to boost the smart airports market. The growing popularity of the self-service solutions at airports such as bag recoveries, check-ins, and flight re-bookings is a prominent trend bolstering the uptake of smart airport solutions. Furthermore, the growing adopting of digital grids that enable real-time operations and process integration in the airline industry is a key trend boosting the market.

Smart Airport Solutions Compelling Propositions to Explore New Revenue Streams

The high upfront cost required for maintaining high connectivity and the high investment required for a robust infrastructure are the key factors likely to hinder the market to an extent. Nevertheless, the need for lowering operating expenditure (OPEX) of the airline industry and explore new revenue streams are the key factors stimulating the demand for smart airport solutions. A number of emerging and maturing communications technologies are propelling the demand for new business models and strategies, to sustain a high growth in the airline industry.

The emergence of new corporate governance requirements in various developing and developed nations is a crucial trend anticipated to create lucrative avenues in the coming years. The demand for personalized and media-rich passenger services by unleashing next generation web technologies is further expected to throw up exciting opportunities for vendors.

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Hadoop Market: BFSI to Emerge as Key Contributor to Growth

In the consolidated global Hadoop market, the top three vendors, Cloudera, Inc., Hortonworks, Inc., and MapR Technologies, Inc., held a collective share of over 50% in 2014, with small- and medium-sized companies accounting for a nearly 41% share in the global market in the same year. With demand for Hadoop solutions rising at a rapid pace from companies overwhelmed with the persistently mounting volumes of digital data, an increased number of companies will venture in the market in the next few years, states TMR in a recent report.

The largest contributor to the market in 2014 was Cloudera, Inc., which held over 20% of the market. Technology giants such as IBM Corporation and EMC Corporation presently account for relatively smaller share in the market but are steadily contributing towards the further development of this market with innovative Hadoop solutions. IBM Corporation has adopted the course of mergers and acquisitions to bolster its position in the global Hadoop market and could report a greater share in the pie in the coming years, notes TMR.

Rising Popularity of Big Data Analytics to Present Long-term Growth Opportunities

Better cost effectiveness and faster processing of voluminous quantities of data compared to conventional data processing solutions such as RDBMS are two of the most encouraging factors boosting the global adoption of Hadoop. Other major drivers of the market include the exponentially rising unstructured data volumes, the increased demand for big data analytics, and Hadoop’s potential in bridging the operational gap between managers and database management.

“Cost effectiveness and high speed of data processing are expected to have high impact on the global Hadoop market’s growth over the entire period of 2015 through 2023. However, the impact of the increased demand for big data analytics will be nominal in the short term but strengthen as the time passes,” quoted a TMR analyst.

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Emerging Markets to Deliver Most Profitable Returns

North America is presently the largest regional market for Hadoop, accounting for a share of over 53% in the global hadoop market in 2014. The demand for Hadoop in North America is expected to expand at a steady rate from 2015 to 2023 as well, and the region will continue to be the dominant regional market for Hadoop over the period.

However, the Hadoop market in Asia Pacific is expected to expand at the fastest pace of 30.2 % CAGR over the said period. The Asia Pacific market will present lucrative growth opportunities owing to the rising penetration of the Internet in the region, technologically and digitally improving industrial infrastructures, and the exponentially rising numbers of mobile device users. The global Hadoop market is also expected to see major traction in Europe in the next few years owing to the rising big data management capabilities across sectors such as government, retail, and BFSI in the region.

Owing to the vast growth potential, leading Hadoop vendors are aligning their expansion strategies towards these regions. Cloudera, Inc. has recently opened a new branch in Londdon. MapR has also ventured in the European market via its new subsidiary in Paris.

These factors will allow the market to tread along a momentous growth path in the next few years. TMR analysts suggest that the market will expand at an exponential 26.3% CAGR over the period between 2015 and 2023. With such excellent growth prospects, the market, which had a valuation of US$308.1 mn in 2014, is expected to rise to US$2,429.0 mn by 2023.

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Mobile Money Market: Technological Advancements, Evolving Industry Trends and Insights 2016 – 2024

Where the mobile money market has hitherto been dominated by companies such as Fortumo OÜ, Boku, Inc., WePay, Inc., Square, Inc., and Paypal, the competition is building up dramatically with the advent of new players such as Dwolla, Inc., Bango.net, and Judo payments. According to Transparency Market Research (TMR), the market leaders controlled by about 40% of the global mobile money market in 2015.

The way ahead for companies wanting to fortify their presence in the market, evidently, is via acquisitions and by developing feature-rich products and services. With more small- and medium-sized enterprises seeking convenient and secure mobile payment options, companies such as Fortumo OÜ are expected to strengthen their foothold in the market. “Companies’ future strategy, in the short term, will largely be centered on acquiring new customer in Middle East and Europe,” observes a TMR analyst.

Emerging Economies to Provide Fertile Ground for Growth of Mobile Money Transactions

With the explosive growth in emerging economies such as China and India as well as in other countries in Latin America and the Middle East, mobile phone penetration has risen dramatically in recent years. Various reports suggest that in emerging markets, mobile phone penetration hovers around 50%, creating a bevy of opportunities for telecom operators, connected device manufacturers, and service providers to cash in on. Moreover, the report notes that although well over 1.5 billion people in emerging markets today enjoy mobile phone access, the same cannot be said about banking services. Thus, the unmet needs will create a massive opportunity for companies in the mobile money market, opines TMR.

The report also expects that with companies investing in more context-based and real-time marketing techniques, mobile money transactions will receive a boost.

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Consumers’ Apprehensions About Security of Data Need to be Allayed by Mobile Money Services Providers

Consumers today are wary of risks such as phishing, data breach, and data manipulation of data. Because mobile money essentially involves the collection of user data from internet touch points, the general concerns associated with online financial transactions are expected to seep into the mobile money environment as well.

Moreover, it is clear that mobile money could mitigate the issue of banking exclusion in emerging markets in the long run. However, in countries where financial inclusion policies are not well-defined and duly implemented could pose numerous challenges for companies in the mobile money market. The situation is further complicated by the fact that governments are currently focused on improving competition in the financial sector to make services more customer-friendly. This approach doesn’t necessarily increase financial inclusion, which can be achieved by prioritizing mobile payments. Factors such as these will create impediments for the growth of the global mobile money market, says TMR.

SMS Payments Hold High Economic Potential

Based on the mode of payment, the global mobile money market can be segmented into NFC, SMS, mobile billing, USSD/STK, and others. Of these, the SMS payment segment emerged in the leading position in 2015 and will continue to retain its standing through 2024 by rising at the fastest compounded annual growth rate (CAGR), TMR forecasts. The convenience and ease of SMS payments remain unrivalled, making this segment one with a myriad of opportunities.

Based on the type of purchase, money transfers and payments will not budge from its position as the leading segment in the mobile money market. However, the fastest growth will be observed in the airtime transfers and top-up segment between 2016 and 2024. Likewise, the healthcare industry will emerge as the fastest growing segment in the global mobile money market by industry vertical. However, it is the BFSI sector that will lead maintain a lead in terms of revenue.

In 2015, Europe stood as the largest market for mobile money worldwide – a scenario that will remain unchanged until 2024. The fastest growing segment, by geography, will be the Middle East and Africa with a 23.2% CAGR, says TMR.

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