Light Fidelity (Li-Fi) Industry – The bright future of 5G visiblelight communication systems

The global Li-Fi market is expected to exhibit growth at a robust pace between 2016 and 2023. Massive bandwidth owing to the growing RF spectrum crunch, together with a high degree of security and energy efficiency are expected to bolster the global Li-Fi market.

While the features offered by Li-Fi and visible light communications (VLC) are quite similar, unlike the latter, Li-Fi does not require line-of-sight between receiver and transmitter. The technology offers data transfer at high speed due to the presence of lesser interferences and availability of large bandwidth over the network. For instance, Li-Fi is capable of delivering the same, if not greater, data transfer speed as compared to a Wi-Fi access point.

Furthermore, internet video traffic is expected to grow considerably in the coming years, with video projected to contribute to a majority of consumer internet traffic. This increasing data production and usage will eventually spur demand for wireless optical networks and RF-based networks. These are prime factors that will aid the expansion of the Li-Fi market worldwide.

The report provides a granular analysis of the growth trajectory exhibited by the global Li-Fi market. The key factors encouraging the large-scale deployment of Wi-Fi are analyzed in detail. The factors that market players should guard themselves against are also evaluated in the report. Apart from examining the strengths of and opportunities for the leading market players, the report also presents insights into the threats and opportunities that they could face in the near future.

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Global Li-Fi Market: Key Opportunities and Threats

Increasing demand for applications in medical centers, hospitals, and schools will give considerable impetus to the global Li-Fi market. Since the technology involves visible light wavelengths and not radio waves, it is less likely to have negative effect on human health. Experts often compare Li-Fi to Free Space Optics (FSO) as it also utilizes light to transfer data.

The market is also significantly gaining from the rising adoption of LED worldwide due to benefits such as a longer life span, higher efficiency, and lower maintenance it offers. Several countries such as Japan, China, and the U.S. have already adopted initiatives for promoting energy conservation using LED lighting technology. For instance, the Chinese government is offering lucrative incentives, resources, and financial subsidies to promote the adoption of LED lighting across industries. Furthermore, it has also taken several steps to support and advance the capabilities of domestic LED manufacturers.

On the flip side, the lack of awareness about the benefits offered by the technology is negatively impacting Li-Fi market growth. Misconceptions such as Li-Fi being line-of-sight in nature are also expected to restrain market growth to an extent.

Global Li-Fi Market: Regional Outlook

Asia Pacific is expected to emerge as a lucrative market for Li-Fi. The growth of the market in this region is fuelled by the increasing demand for better internet connectivity. The U.S. is expected to present attractive opportunities for enterprises in the Li-Fi market over the forecast period. The Li-Fi market in the U.S. is also expected to grow at a phenomenal rate. The high demand for wireless communication aids the rapid expansion of the Li-Fi market in the U.S.

Global Li-Fi Market: Competitive Insight

Some of the leading enterprises operating in the Li-Fi market include Philips, LVX, PureLifi, GE, Oledcomm and others. The majority of these market players are focusing on strategic collaborations, mergers, and acquisitions to gain a competitive edge. For instance, GE recently collaborated with Qualcomm to merge big data and lighting to transform the retail experience. In 2015, LVX partnered with NASA to introduce products for space missions and design new applications for VLC.

Profiles of leading companies operating in the market are also included in the report.

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Electronic Scrap Recycling Market – Emerging Technology, Industry survey and Analysis 2022

According to a new market report published by Transparency Market Research “Electronic Scrap Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”, the global electronic scrap recycling market was worth US$ 11.03 Bn in 2014 and is expected to reach US$ 34.32 Bn by 2022, growing at a CAGR of 15.7% from 2015 to 2022. Europe was the largest market for electronic scrap recycling in 2014. Growth in this region is expected to be driven by stringent government regulations and huge profits generated through the recovery of precious metals from electronic scrap.

 

Owing to the wide availability of electronic scrap and the rising global volume of scrap electronic products, a trend of focus on increasing electronic scrap recycling capacity by smelting and refining companies has been observed in various regions worldwide. The importance of electronic scrap is on the rise in response to changes in consumer patterns and advancements in the technology of electronic devices. This has resulted in the generation of huge quantities of e-waste that need to be managed and processed. The traditional means of handling of this e-waste, including disposal in landfills, exporting overseas, and combustion in incinerators are prohibited due to legislation designed to prevent environmental pollution. Moreover, the presence of ferrous, non-ferrous, and precious metals makes electronic scrap recycling economically attractive. For all these reasons, smelting and refining companies such as Boliden Group and Umicore N.V., Mitsubishi Materials USA Corporation lay emphasis on increasing electronic scrap processing capacity. To this end, in June 2015 Mitsubishi Materials Corporation expanded the Naoshima Smelter and Refinery’s electronic scrap receiving and processing capacity to about 110,000 tons per year (an annual increase of 30,000 tons over current capacity). Likewise in June 2012, Boliden Group increased the electronic scrap recycling capacity from 45,000 to 120,000 tons per year at its Rönnskär smelting facility.

With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations on electronic and electrical technologies have further shortened the use-life of electronic and electrical products. This has enhanced the generation of e-waste or waste from electronic and electrical equipment. E-waste primarily comprises laptops, computers, mobile phones, television sets, and other electrical or electronic household appliances.

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According to the UN Environment Programme (UNEP), around 20 million to 50 million tons of e-waste are generated every year globally and volumes are increasing three-folds faster than other forms of municipal wastes. This is primarily fuelled by expanding markets and rapid product innovations such as the switch from analog to digital technologies. The global production of e-waste is increasing rapidly and is expected to pick up pace in coming years. E-waste is considered to be hazardous; therefore it should be managed and processed carefully. Additionally, the presence of various precious metals such as gold, silver, palladium, tantalum, and gallium makes e-waste attractive for recycling. Thus, most companies in the field are either entering into the electronic recycling business or expanding the recycling capacity at their smelting and refining facilities. For instance in June 2012, Boliden Group started a new electronic recycling facility at the Rönnskär copper smelter. The company has increased the smelter’s capacity from 45,000 tons to 120,000 tons per year. The recycling of e-waste for the recovery of various metals is important from the standpoint of saving energy. Moreover, the recycling of e-waste would also help in reducing the burden on mining ores for primary metals. For instance, electronic recycling helps in metals that require significant energy consumption for extraction and are seen in low concentrations in primary ores. More precisely, e-waste is a richer source of precious metals than their primary ores. The amount of gold recovered from one ton of e-waste from circuit boards of the computers is greater than that recovered from around 17 tons of gold ores. The recovery of base metals such as copper, lead, and zinc and precious metals such as gold, silver and palladium plays an important role in recycling, e-waste management, sustainability, and resource conservation. Sustainable resource management demands the segregation of hazardous resources from e-waste and the maximum recovery of precious metals. Thus, the recycling of e-waste helps reduce pollution, conserve energy, lower greenhouse gas emissions, and conserve resources by extracting fewer raw materials from the earth’s crust. Due to all these advantages, the demand for electronic scrap recycling market is expected to soar significantly during the forecast period.

On the basis of metals extracted, the global electronic scrap recycling market is segmented into ferrous, non-ferrous and precious metals. In terms of volume, in 2014, ferrous metals were the major contributor in the market and accounted for around 40% of the overall electronic scrap recycling market. However, precious metals segment is expected to expand at a CAGR of 11.2% from 2015 to 2022.

In terms of electronic scrap generation, the market is segmented into office, IT equipment, and handheld devices, large white goods, small household appliances, lighting and electric product and automotive components. In 2014, large white goods segment accounted for the largest volume share of around 50% of the overall electronic scrap generated, globally. However, small home appliances segment is expected to grow at fastest rate in terms of volume in the electronic scrap generation market during the forecast period from 2015 to 2022.

Geographically, Europe is the largest market for electronic scrap recycling globally and it is expected to maintain its dominant position throughout the forecast period. In 2014, Europe accounted for around 29% of the overall electronic scrap recycling market. However, Asia Pacific is expected to witness fastest growth during the forecast period. Asia Pacific, especially in terms of countries such as China, Japan, South Korea, India, Australia, and Singapore, offers several growth opportunities for the electronic scrap recycling market. China, South Korea, and Japan are the key markets in this region. Advancements in technology and rapid industrialization have led to the accretion of electrical and electronic waste in Asia Pacific, leading governments to pass certain regulations pertaining to electronic waste recycling. In addition to government policy impetus, increasing awareness of the hazardous effects on health and the environment, as well as the potential value of resources within e-waste also fueled the electronic scrap recycling market in this region

The global electronic scrap recycling market, in current situation shows the presence of key players including Boliden Group, Umicore N.V., Dowa Holdings Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc., Glencore Xstrata Plc, Enviro-Hub Holdings Ltd., Outotec Oyj, Mitsui & Co., Ltd., Mitsubishi Materials USA Corporation, MRP Company, Inc., Aurubis AG, and JX Nippon Mining and Metal Corporation, Electronic Recyclers International, Inc., Sims Metal Management Ltd., Stena Technoworld AB, Tetronics Ltd., and Global Electric Electronic Processing Inc.

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Contactless Payment Transaction Market: New Tech Developments and Industry advancements to watch out for 2025

Stiff competition prevails in the global contactless payment transaction market. This is because there are a sizeable number of small and large service providers and entry into the market is quite easy. Of late, the entry of banks, card companies, telecom companies, and payment companies that are foraying into contactless payment services has further intensified competition in the market.

In order to ensure sustainable returns, service providers are focused on crafting innovative marketing strategies for a higher rate of conversion. For example, Samsung developed magnetic secure transmission, which releases a magnetic signal that imitates the magnetic strip on traditional payment cards.

The key factor driving the contactless payment transaction market is the increasing demand for speedy transactions, especially in the retail and transport sectors underpinned by the rising use of smartphones. Proving to be a hindrance, on the flip side, is the high installation cost of point-of-sale (PoS) machines for contactless payment as compared to normal PoS machines.

As per a report by Transparency Market Research, the global contactless payment transaction market is projected to rise at a whopping 55.5% CAGR from 2017 to 2025 for the market’s valuation to reach US$801.44 bn by 2025.

Retail Leading End-use Segment due to Demand for Speedy Counter Sales Processes

In terms of mode of payment, the segments of the market are wearable devices, contactless card (RFID/NFC), and contactless mobile payment. The segment of contactless card (NFC/RFID) is estimated to contribute the leading revenue to the global contactless payment transaction market over the forecast period. The segment of wearable devices comprise transactions carried out over smart watch or smart band. The segment of wearable devices is anticipated to rise at a substantial rate in the upcoming years. Contactless mobile payment segment includes payments made via smartphones.

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The global contactless payment transaction market is classified into hospitality, media and entertainment, transport, retail, healthcare, and others depending upon end use. Among these, the segment of retail is anticipated to contribute the leading revenue to the global market for contactless payment transaction followed by the transport and hospitality sectors in the coming years.

Europe to Remain at the Global Market’s Forefront

The global contactless payment market, based on geography, has been segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and South America. Powered by the increasing adoption of NFC-enabled smart wearable devices and growing use of contactless cards, Europe is anticipated to display relatively speedy growth amongst other key regional segments. In the region, contactless cards is projected to contribute the leading revenue backed by growth in retail and transport end-use industries in the U.K., Poland, and Germany. According to the data published by the U.K. card association, the number of contactless cards issued in the U.K. was 857 million in 2015.

Asia Pacific is expected to display relatively fast adoption of NFC-enabled contactless devices and wearable devices with the launch of apps such as Samsung Pay. The region is expected to display higher growth rate over other regions and second after Europe. Within Asia Pacific, retail/e-commerce, hospitality, and transportation sectors are expected to contribute significant revenues backed by economic development in India, China, and South Korea.

North America contactless payment transaction market is displaying sound growth backed by a large consumer base of mobile phone users.

Some of the prominent names operating in the global contactless payment transaction market profiled in this report are Apple Inc., Barclays, Ingenico Group, Heartland Payment Systems Inc., Giesecke & Devrient GmbH, Inside Secure, Samsung Electronics Ltd., On Track Innovations Ltd., Verifone Systems Inc., Gemalto N.V., and Wirecard AG.

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LiDAR Drone Market: The Next Big Thing For Surveying

Governments and research institutions around the world are encouraging the adoption of LiDAR drones. This reflects positively on the year-on-year sales reported by the global LiDAR market. LiDAR drones are mainly used for enhancing automation and reducing dependence on human efforts. Some of the most common applications of LiDAR drone include archaeology, mapping, precision farming, entertainment, and construction.

Based on product type, the global LiDAR drone market can be bifurcated into fixed wing and rotary wing. Of these, the rotary wing LiDAR segment is expected to report the highest CAGR between 2016 and 2023. The robust demand that the segment has been witnessing is attributed to the compact size and cheaper price of rotary wing LiDAR as compared to fixed wing LiDAR. Additionally, the design of rotary wing LiDAR enables easy access to confined specs such as bridges and pipeline, due to which it is preferred for monitoring and inspection applications. A rotary wing LiDAR can fly both horizontally and vertically. It can also hover in a fixed position, which makes it best suited for high resolution video capturing and aerial photography.

The report provides a comprehensive analysis of the various factors that will have a positive impact on the global LiDAR market. An overview of major restraints threatening the market’s growth is also included in the report. To present insights into the prevailing vendor landscape, the report also includes the profiles of the leading companies operating in the market.

Global LiDAR Drone Market: Key Opportunities and Threats

The global LiDAR market is also significantly gaining from the rising demand for laser scanners. These scanners exhibit high wavelength and are used for making clear 3D models for surveyed areas. Based on application, the corridor mapping segment has emerged dominant in the market due to rapid urbanization and increasing construction of highways, roadways, and railways.

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Despite witnessing positive growth opportunities worldwide, the lack of skilled pilots is hampering the global LiDAR market to an extent. Unlike pilots for conventional aircrafts, drone pilots are required to ensure reliability of the entire system, which includes ground station, vehicle, and communication equipment. While drones do not carry passengers or on-board pilots, any human error while operating a drone could still prove disastrous.

Drone systems mainly rely more on autopilot, radio transmission, and computer technology than conventional airplanes. Hence, operating and maneuvering drones require a greater degree of knowledge and expertise because the accident rate in drones is much higher than in manned aircrafts. However, this issue can be resolved by designing advanced drones.

Global LiDAR Drone Market: Regional Outlook

Regionally, the Asia Pacific market has been exhibiting attractive prospects for vendors operating in the global LiDAR drone market. Increasing awareness of customers regarding the benefits offered by LiDAR drones such as low cost, high accuracy, and government support are key factors fuelling demand for LiDAR drones in Asia Pacific. The regional market is also benefitted by the increasing adoption of LiDAR drones in countries such as India, Japan, and China.

Global LiDAR Drone Market: Competitive Insight

To study the prevailing vendor landscape in the market, the report has profiled companies such as Phoenix Aerial Systems, Velodyne LiDAR, Inc., Leica Geosystems AG, and others. Among these companies, Velodyne LiDAR holds a major share in the market and has played a significant role in promoting LiDAR drones worldwide. The report presents an in-depth analysis of the strategies adopted by these companies. Their strengths and weaknesses are studied and insights are presented

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Cash and Coin Deposit Bags Market: Detailed Segment-wise Analysis and Insights

The global cash and coin deposit bags market is likely to grow at over 4% CAGR and reach a value of nearly US$ 445 Mn by the end of 2022, according to a new research report by Transparency Market Research. The report analyses the global cash and coin deposit bags market for the forecast period 2017-2022 and offers detailed segment-wise analysis on the basis of material type, end use, and key regions.

The leading players profiled in the report include Truseal (Pty) Ltd, KOROZO Ambalaj San. Ve Tic. A.S, Packaging Horizons Corp, NELMAR Security Packaging Systems Inc., Dynaflex Private Limited, Coveris Holdings S.A., ProAmpac LLC, Illinois Tool Works Inc, Initial Packaging Solutions Ltd., and A. Rifkin Co. A number of players are focusing on increasing their market presence through expansion and increased spending on R&D.

According to the report, demand for cash and coin deposit bags is likely to remain steady on account of demand for secure and safe transactions from financial institutions. The report opines that use of cash and coin deposit bags in financial institutions of Europe is likely to create numerous growth opportunities for manufacturers during the forecast period. To boost their adoption in end-use segments, manufacturers are focusing on incorporating advanced features in their offerings – many latest cash and coin deposit bags are equipped with tamper-proof films and warning indicators, offering users a higher degree of security.

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Although the global cash and coin deposit bags market is projected to grow at a moderate rate, increasing preference for cashless transactions can impede sales during the forecast period. Many developing economies are focusing on reducing the currency in circulation, and moving towards cashless systems, owing to which demand for cash and coin deposit bags has witnessed a decline. These factors are likely to pull back the growth of the market during the forecast period.

Detailed Segment-wise Analysis and Insights

The report has segmented the market on the basis of material type into plastic, paper, and fabric. On the basis of product type, the market has been segmented into opaque and clear. By end-use, the key market segments include financial institutions, hospitals, casinos, hotels, retail chains, government organizations, courier services, and academic institutions. The key regions covered in the report include North America, Europe, Latin America, Asia Pacific excluding Japan (APEJ), and Japan.

According to the report, demand for opaque cash and coin deposit bags is significantly higher than clear variants. The former accounts for nearly 80% revenue share of the global market, and the trend is likely to remain unchanged during the forecast period. By material type, plastic remains one of the preferred material type, accounting for a significant revenue share of the market. Financial institutions are among the leading end-users of cash and coin deposit bags globally. Region-wise, Europe accounts for the highest revenue share and continue to be one of the leading markets for cash and coin deposit bags globally. Asia Pacific excluding Japan (APEJ) is also expected to offer numerous growth opportunities to market players owing to increasing emphasis on high volume sales of cash and coin bags at affordable pricing.

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

Neotame is a form of artificial sweetener, very similar to aspartame, used by food manufacturers in place of sucrose or high fructose corn syrup. Neotame is considered to be seven to thirteen thousand times sweeter than sucrose, and offer benefits such as high metabolism and low accumulation in human body. Neotame was introduced by NutraSweet (a former division of Monsanto), in early 2002 and got approved by the U.S. Food and Drug Administration (FDA) as an artificial sweetener and flavor enhancer. It is high intensity sweetener and the only artificial sweetener which is approved by the U.S. Food and Drug Administration (FDA) as safe for human consumption. It comes in white powdered form and offers flexibility to manufacturers while manufacturing food and bakery products also provides an opportunity to develop an entire new ranges of products that are capable of meeting increasing demands of consumers. 

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Global Neotame Market: Segmentation

Global neotame market is at growth stage as the demand for food additives is growing with rapid pace and manufacturers are using neotame as it lowers the cost of production by cutting down the quantity needed to achieve desired sweetening. The neotame market can be segmented on the basis of application and regions. Neotame market, on the basis of application can be segmented into food & beverages industry, pharmaceutical industry, cosmetics industry and agriculture/animal feed industry. Among all other applications neotame is widely used in food and beverages. Application in food and beverages can be further sub-segmented into beverages, confectionery, bakery and other food products (such as candies, chewing gums etc.). Food and beverages application dominates the global neotame market in terms of value and volume. Other applications such as cosmetics and pharmaceuticals are growing at a steady rate in terms of volume consumption.   Food and beverage manufacturers are increasingly using neotame for manufacturing variety of products, due to its low cost and high efficiency, clubbed with food authorities’ approval, resulting in surge in demand for neotame.

Global Neotame Market: Regional Outlook

Geographically neotame market is moderately fragmented with number of large player controlling the global market, and increasing number of domestic players entering the market place. Global neotame market can be segmented by regions under North America, Europe, Latin America, Asia Pacific and Middle East and Africa. The major market which leads the consumption of neotame are Europe and North America, project a healthy growth rate, followed by regions like Asia Pacific. Europe food authorities recently approved neotame for food and beverage usage, resulting in high demand from the countries like Germany and U.K. China is the dominant country in Asia-pacific market in terms of production. The regions like North America and European countries are expected to show increasing demand for neotame during the forecast period.

Global Neotame Market: Drivers

Neotame market is driven by the increasing preference for food additives and flavor enhancers. Due to neotame’s properties such as ability to get rapidly metabolized and get completely eliminated from the body, is driving the demand for neotame from food manufacturers across the world. Neotame cost effectiveness also resulting in increasing preference for its usage in different cosmetics and pharmaceuticals products. Increasing number of approval from food agencies and authorities in different countries is also a major factor which is expected to drive the growth of neotame market. Neotame is also approved as food additive in Australia and New Zealand.

Global Neotame Market: Key Players

Neotame market is widely spread and has major players producing neotame and also small regional players. Major companies which dominates the market are Foodchem International Corporation, Fooding Group Limited, Sweetner Holdings, Inc., Prinova Group LLC, JJD Enterprises, H & A Canada Inc., Shaoxing Marina Biotechnology Co.,Ltd., Sweetener India., A & Z Food Additives Co., Ltd., and  Jk sucralose Inc. among others.

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Industrial Thermoform Packaging Material Market – A cutting-edge technology,industry survey and new business opportunities 2027

Industrial thermoform packaging materials are produced through thermoforming technique. There are three sorts of Industrial Thermoform Packaging Material forms in particular; vacuum, mechanical, and pressure. In thermoforming process, the plastic sheet is heat treated to a forming temperature and sent to the mold with a specified shape. With advancement in plastic supplies and manufacturing process, the requirement for Industrial Thermoform Packaging Material has expanded.

Market Overview:

Thermoplastic Industrial Packaging is strong and lightweight, and heavy gauge can store products 100 times of its own weight. The benefits of industrial thermoform packaging materials are these are light weight, solid, savvy, recyclable which make them environment-friendly, and provide stiff support, which is preferred by several brand owners which in turn has fuelled up the product sales.

Market Dynamics:

Industrial Thermoform Packaging Material Market size is expected to witness substantial progress owing to rising demand for packaging material in the F&B industry. Fluctuating preference toward the product, over wood and glass owing to moist free, odor free, light, and flexible properties will boost the Thermoplastic Industrial Packaging market demand. The components are quite versatile and cost effective which can be used in numerous industries like food & beverage, pharmaceutical, electronics and others.

Improving living standards and changing lifestyle is expected to boost demand for Industrial Thermoform Packaging Material. These are factors which are anticipated to propel the industrial thermoform packaging material market during the forecast period.

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Market Segment:

On the basis of type, Industrial Thermoform Packaging Material market is segmented into, clamshell, blister skin and windowed. Among types, blister packing has the maximum market share due to huge application in pharmaceutical industry as it prevents the product contamination and exposure from the external environment. Moreover, increasing demand for the product in F&B industry for packing certain products will rise the industry Industrial Thermoform Packaging Material market growth.

Based on heat seal coating, Industrial Thermoform Packaging Material market is segmented into water based, heat seal coating, solvent based, and hot-melt based. Among heat seal coating, solvent based heat seal coating will increase significant share in the industrial thermoform packaging material market due to strong bond strength and resistance to water and grease and can be processed at various temperatures.

 On the basis of raw material, Industrial Thermoform Packaging Material market is classified into aluminum, plastic, paper, and paperboard. The plastic segment will hold a major market share in the Industrial Thermoform Packaging Material market. PP (Polypropylene), PC (Polycarbonate), HDPE (High-Density Polyethylene), ABS (Acrylonitrile Butadiene Styrene), Acrylic PMMA (Polymethyl Methacrylate), PVC (Polyvinly Chloride), PS (Polystyrene), TPO (Thermoplastic Polyolefin), PET (Polyethylene Terephthalate) are commonly used plastics. Among raw material, PET covers the major market share in overall Industrial Thermoform Packaging Material market due to their wide application in bottles manufacturing.

On the basis of end use, industrial thermoform packaging material market is segmented into food & beverage, home & personal care, pharmaceuticals, electronics, and components packaging. Among end use segment, food & beverage segment has the significant market share as the product is extensively used in food service, dairy, confectionary, packaging meat etc. Pharmaceutical has emerged as one of the fastest growing industrial thermoform packaging material market segment due to the requirement of prevention of medicines from contamination.

On the basis of geographical regions, the Industrial Thermoform Packaging Material market is segmented into seven different regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific region, Japan, and the Middle East and Africa. North America will dominate the industrial thermoform packaging material market in terms of value and volume due to the presence of big brands and increasing consumption of packaged products followed by Europe. Germany and U.K. are the major countries which will witness substantial growth rate due to growing demand in food & beverage and pharmaceutical industry. Asia Pacific region also expects significant growth due to the rising in the manufacturing industry and large consumer base over the forecast period.

Key Market Players:

Key players in the industrial thermoform packaging material market are Placon, Blemis Company, Display Pack, E.I. Du Pont Nemours, Amcor, Sonoco Products, Westrock Company, D Smith, Allied Plastics Inc and Pactiv.

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