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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Intelligent Transportation System Market: Growth in North America ITS Market Attributed to Strong Government Support

The global market for intelligent transportation system (ITS) consists of numerous foreign as well as domestics players. The global industry can be termed as fairly fragmented and there is no clear dominant player leading the overall intelligent transportation system market. Some of the key players in theglobal intelligent transportation system market include names such as Garmin International, TomTom N.V., Hitachi, and Siemens. The companies in the market are heavily investing in the activities of research and development as well innovating new products. These strategies are proving to be successful among the leading players in the global market. Siemens recently collaborated with the government in Germany on the project of Digital Autobahn Test Field. The flagship feature of the project is to build nation’s first intelligent bridge. The bridge opened for the civilians of Nuremberg in October 2016.

The global market for intelligent transportation system stood at an overall market valuation of US$20.22 bn in the year 2015. This valuation is expected to grow and touch a figure worth US$57.44 bn over the course of the given forecast period of 2016 to 2024. This growth is projected to be achieved with the help of a strong CAGR of 12.7% over the same period of forecast.

 

In terms of type of intelligent transportation system, the advanced transportation management system held a dominant share of 41.0% in the year 2015, owing to the increasing demand for high tech traffic control and management solution. The segment is expected to show a strong CAGR of 12.9% over the mentioned period of forecast. From a geographical standpoint, North America held a dominant share in the global intelligent transportation systems market with 41.2% in 2015.

Effective Management of Traffic due to ITS to Drive Market Growth

A good transportation system form the pillar of any nation’s economic as well as social development. However, congestions in traffic is a big issue with respect to consumption of fuel, time for travel, and overall cost. Intelligent transportation systems have come up as a vital solution for all these problems and thus has led to augment the growth of the global market.

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Numerous associations of intelligent transportation systems across the globe have discovered that high-tech traffic management systems cut down the waiting time at a traffic signal by nearly 20% to 30% and the time for travel averagely by 25%. All these factors have led to increasing adoption of intelligent transportation systems and thus have propelled the overall growth of the global market.

Another significant factor responsible for driving the demand for intelligent transportation systems is the increasing demand for improving road safety. It is found that almost 2% of all the casualties across the globe are caused due to road accidents. This need for better road safety is working exceedingly well for the overall development of the global intelligent transportation market.

Lack of Interoperability between ITS and Local Infrastructure to Hinder Market Development

However, there are some factors that may negatively impact the global market for intelligent transportation systems and slow down its growth rate. One of the chief impeding factor responsible for such negative impact is the slow economic growth in various countries. Moreover, in some countries there is a clear lac of interoperability between the local infrastructure and intelligent transportation systems. This is also expected to delay the global market to reach its full potential.

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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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