Asia Pacific excluding Japan to Hold Major Share of Global Paper & Paperboard Trays Market

The drive for paper and paperboard trays stems from the growing need for an environmental-friendly and flexible packaging for packing food and beverages and fast-moving consumer goods. The rising demand for semi-rigid structures for a cost-effective and versatile packaging applications in diverse industries such as consumer durables, electronics, personal care & cosmetics, and homecare products, is propelling the demand for these containers. In various parts of the world, recycled paperboard packaging solutions made from sustainable materials have gained traction for packing disposable foodservice products. This has bolstered the adoption of paper and paperboard trays in recent years. The substantial benefits of on-the-go convenience of these packaging applications in the food service segment has boosted the demand for various paperboard trays, including corrugated boxes. Advancements in molding and printing technologies has enabled manufacturers in various developed and developing regions to develop paper and paperboard trays that allow retail players achieve competitive branding.

The global paper and paperboard trays market is projected to rise from a valuation of US$4,444.3 Mn in 2017 to reach a worth of US$5,893.9 Mn by the end of 2022. The market is predicted to clock a CAGR of 5.8% during the forecast period of 2017–2022.

An in-depth insight into the key factors impacting the growth trajectory of the global paper and paperboard trays market is offered below:

The rising worldwide demand for sustainable and flexible packaging applications in various industries, notably in the food and beverages industry, is a key factor driving the global paper and paperboard trays market. The rising demand for cost-effective paperboard packaging for food and beverages is a vital factor stoking the demand for paper and paperboard trays. A wide array of benefits offered by these containers to end-use industries, such as retail differentiation, thermal stability, and moisture benefits, is boosting the uptake in various regions.

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Stricter implementation of global food safety standards in several developed countries has led to a wider adoption of paper and paperboard trays for disposable foodservice packaging applications.

A number of supply chain concerns and cost constraints faced by players in the paper and paperboard packaging is a critical factor likely to negatively influence the growth of the market to an extent. On the other hand, several manufacturers are investing in new materials and better water technologies to address these concerns.

The advent of customizable trays for premium quality food grade packaging is a crucial trend expected to open exciting avenues during the forecast period. In addition, the striking flexibility of vast graphics printability possible with corrugated boxes helps in upping the brand appeal, thereby bolstering their demand.

Regionally, Asia Pacific excluding Japan (APEJ) holds the dominant revenue shares of the global market and is expected to retain its lead throughout the forecast period. The APEJ paper and paperboard trays market is predicted to create an absolute opportunity estimated US$607 Mn during 2017–2022. The dominance of the regional market can be attributed primarily to the substantial demand for cost-effective and sustainable packaging, especially for food grade applications. Of all the material types in making paper and paperboard trays, corrugated board is the leading segment and is projected to witness dominant growth, in absolute terms, over the assessment period. The segment is estimated to be worth US$3,344.1 Mn by the end of 2022.

Competitive Dynamics

A number of emerging and prominent players are offering high-performance paperboard packaging solutions with superior benefits and properties for a diverse end-use industries, in order to gain a competitive edge over others. Some of the leading players operating in the paper and paperboard trays market are International Paper Co., Huhtamaki Oyj, Mondi Group plc., ESCO Technologies Inc., Brodrene Hartmann A/S, UFP Technologies, Inc., Henry Molded Products, Inc., Pactiv LLC, OrCon Industries Corporation, and Fibercel Packaging LLC. 

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Pet Food Packaging Market Driven by Rising Spending Power of Modern Pet Owners

The global pet food packaging market is set to exhibit steady progress in the coming years due to the steady growth of the pet care sector in developed economies and the growing disposable income of pet owners. Pet food packaging has also become important for pet food manufacturers for branding purposes, making it likely to receive significant investment from key players in the pet food market in the coming years. The global pet food packaging market is set to be driven primarily by demand from developed regions in the coming years, though emerging countries such as Japan, China, Indonesia, India, Taiwan, Korea, and Australia could also make major contributions to the global pet food packaging market.

The global pet food packaging market is likely to be valued at US$8.3 bn by the end of 2017. The market is likely to exhibit a 5.2% CAGR from 2017 to 2022, enabling a strong rise to US$10.7 bn by 2022.

Here are the key insights into the global pet food packaging market’s growth prospects in the coming years:

Rising demand for pet ownership in developed countries such as the U.S., Canada, the U.K., France, and Germany is likely to remain the leading driver for the global pet food packaging market in the coming years. Pet owners in developed countries are more aware about pet food quality and its impact on pet health, as well as being more affluent and able to purchase a wider variety of premium pet food. Developed regions such as North America and Europe are thus likely to remain the key geographical segments for the global pet food packaging market in the coming years, with the North America pet food packaging market likely to reach a valuation of US$3,472.5 mn by 2022 and the Europe market expected to rise to US$2,877.5 mn. The North America pet food packaging market was valued at US$2,688.9 mn in 2017, and is expected to exhibit a strong 5.2% CAGR over the 2017-2022 forecast period.

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However, developing regions such as Asia Pacific except Japan are likely to emerge as promising contributors to the global pet food packaging market in the coming years due to the growing preference for pet ownership in urban centers in the region. The growing affluence of customers in Southeast Asia and Australia has also helped the pet food packaging market in the region. The APEJ market for pet food packaging market is set to exhibit the highest 6.2% CAGR over the 2017-2022 forecast period to emerge with a valuation of US$1,974 mn by 2022.

The growing diversity in the pet food market is one of the key drivers for the global pet food packaging market. Due to growing research in pet nutrition and pet care, pet food manufacturers are coming up with a number of options for customers willing to spend extra to ensure better food for their pet. The rising demand for frozen pet food is likely to remain a significant factor for the global pet food packaging market in the coming years, as the convenience presented by frozen food to pet owners is likely to make it a significant part of the commercial dynamics of the pet food packaging market in the coming years.

Competitive Dynamics

Leading players in the global pet food packaging market include Amcor Ltd., Sealed Air Corp., Berry Global Group Inc., DS Smith Plc, Ball Corporation, Packaging Corp. of America, Crown Holdings Inc., Smurfit Kappa Group Plc, Ardagh Group SA, Mondi Ltd., Bemis Co. Inc., and Georgia-Pacific LLC.

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LLDPE Market Likely to be Driven by Rapid Growth of Packaging Sector

The global LLDPE market is expected to exhibit steady growth in the coming years on the back of the steady rise in demand for advanced materials in the packaging industry. The LLDPE market has grown at a rapid growth rate in recent years due to various advancements in the consumer goods sector, which have increased the need for LLDPE in production as well as packaging of a wide range of consumer goods products. Key drivers and restraints affecting the global LLDPE market are profiled in the report to provide readers with a clear idea of the motivating factors of the LLDPE market. The global LLDPE market is expected to be dominated by the packaging and nonpackaging films and coatings segment over the 2017-2022 forecast period, with Asia Pacific except Japan likely to be the leading regional contributor to the global LLDPE market.

According to Transparency Market Research, the global LLDPE market is expected to rise to a valuation of US$52.2 bn by the end of 2017, and further rise to US$70.6 bn by the end of 2022. The LLDPE market is expected to exhibit a strong 6.2% CAGR over the 2017-2022 forecast period.

Here are the key insights into the growth prospects of the global LLDPE market:

The prime driver for the global LLDPE market is the rising need for flexible packaging in the global packaging sector. LLDPE offers physical characteristics that make it perfectly suited for use in the production of flexible packaging, such as light weight, resistance to chemical and environmental reactants, and malleability. The ability of LLDPE to be stretched into thin coatings and sheets is thus crucial for the global LLDPE market, as flexible packaging requires tensile materials that can be produced cheaply.

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Growth in international and long-distance shipping of food products is thus likely to be a key driver for the global LLDPE market. Increasing access to fresh produce in urban sales channels such as supermarkets and hypermarkets is also likely to enable strong growth prospects for the global LLDPE market, as LLDPE is popularly used to package fresh fruits and vegetables. The excellent moisture resistance offered by LLDPE has made it crucial for the food and beverage industry and is likely to ensure steady growth of the global LLDPE market in the coming years. 

The moisture resistance of LLDPE has also aided growth in its adoption in the agriculture sector. The highly tensile LLDPE is being widely used in agricultural sheets to improve moisture and nutrient retention of soils, making development of the agritech sector crucial for the global LLDPE market. Reducing soil erosion and increasing moisture retention is likely to be the focus of a large number of agritech solutions in the coming years due to the growing need to maximize agricultural output from existing resources, making the LLDPE market a likely beneficiary in the process.

The construction industry is also likely to be a vital contributor to the global LLDPE market. LLDPE sheets are used in the construction industry to safeguard concrete surfaces from exposure to water. Rampant urbanization in developing Asia Pacific except Japan economies is thus likely to be a crucial driver for the global LLDPE market, as Asia Pacific except Japan is likely to remain the leading contributor to the global LLDPE market over the coming years.

Global LLDPE Market: Competitive Dynamics

Key companies in the global LLDPE market include The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries NV, Mitsui Chemicals Inc., SABIC, Mubadala Investment Company, Formosa Plastics Corporation, Reliance Industries Ltd., Mitsubishi Chemical Holdings Corporation, and Sasol Limited.

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

The smart battery market is poised for considerable growth in the coming years, riding on the rising demand and usage of smart electronics such as smartphones, tablets, laptops, and cameras. Technological advancements aimed at improving the efficiency of batteries used in various end uses have played a significant role in the development of this market.

The global market for smart batteries has been studied based on type of battery, application, and geography. By battery type, the market includes nickel-metal hydride (NiMH), lead acid, nickel cadmium (NiCd), lithium ion, alkaline, zinc carbon, and lithium ion polymer. The key applications of smart batteries are biomedical devices, industrial, consumer electronics, automobiles, and military and defense.

The report on the worldwide market for smart batteries offers a detailed assessment of the global scenario, also shedding light on the key regional segments. The prominent factors influencing its growth have been identified and analyzed and sharp inputs on how to overcome the major challenges have also been highlighted. The various regulatory factors at play have been taken into consideration, offering recommendations on how to capitalize on them.

Global Market: Trends and Opportunities

The power generation sector contributes significantly to the global carbon emission and as a result, there is a growing need to develop energy-efficient products that will help minimize the carbon footprint. Growing consumer awareness regarding this need has boosted the uptake of smart batteries, supported by favorable government regulations. The smart battery market is also fueled by the soaring popularity of the internet of things (IoT) and the rising consumption of battery-enabled consumer electronic devices.

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In contrast, certain compatibility hurdles and the need for frequent calibrations pose a challenge to the smart battery market. Moreover, the high cost of smart batteries in comparison to conventional ones acts as a major restraint on the market, resulting in poor demand especially in low-income countries. The high cost of smart batteries is owing to the fact that they require a special charger.

However, persistent research and development efforts are being made in order to maintain the cost of production and help steady the demand.

Global Market: Regional Outlook

From a geographical point of view, the global market for smart batteries comprises North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is one of the most prominent markets for smart batteries and the rapid growth of this market can be attributed to a booming consumer electronics industry and the soaring presence of small and large manufacturers, especially in South Korea and Japan. The demand for lithium ion batteries comes on the heels of the growing need to curb automotive emissions by gradually replacing lead acid batteries.

The Latin America smart battery market is also poised for significant expansion thanks to rapid industrialization in various economies of the region and the increasing usage of these batteries in power tools, material handling systems, and UPS devices.

Companies Mentioned in the Report

Sealed Energy Systems, Accutronics Ltd., Rose Electronics Distributing Company, Inc., ICCNexergy, Trojan Battery Company, Epec, LLC, Cell-Con, Inc., Cadex Electronics, Inc., and Inspired Energy, Inc. are some of the leading players competing in the global smart battery market.

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Electronics Locks Market – New Tech Developments and Industry advancements to watch out for 2024

Electronic locks can be deactivated or opened by authentication such as passwords and passphrases, numerical codes, security tokens, RFID, and biometrics, among others. Protecting valuable assets and places becomes a concern as the global economic climate sours. Rigorous access control gives peace of mind, leading to growing demand of electronic locks. Electronic lock is gradually becoming one of the primary and cost-effective way to prevent unauthorized access.

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Electronic locks find application in luxury apartments, office projects, and government projects. The electronic locks market can be segmented by end-use into hospitality and professional segments. The hospitality segment includes hotels, resorts, while the professional segment includes healthcare, government, education, commercial and financial verticals. Players in the market are ensuring electronic lock’s compatibility with technologies such as Wi-Fi or ZigBee, Z-Wave or Bluetooth or NFC, online wireless, semi-online wireless, and data on card to gain competitive advantage.

The electronic locks market can be segmented by type into mechatronic, electromechanical and digital categories. Digital door locks are further segmented by type into biometrics and keypad locks. On the basis of geography, the global electronic locks market can be segmented as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Increasing adoption of electronic locks in mature markets such as Western Europe and the U.S. spurs the growth of electronic locks market. In the coming years, Asia Pacific is expected to be the fastest growing electronic locks market mainly driven by expanding sales in China.

Sales channels are growing for electronic locks. Currently, real estate developers are the key channel however, some manufacturers have started to use e-commerce websites. Electronic locks for doors are configured to an access control central command or a stand-alone system. Currently, traditional locks can also be converted to stand-alone access control systems. Electronic locks enable affordable upgrades and bring long service life, offsetting initial investment. Electronic locks track the traffic to and from the site, recording when the doors have been opened and by whom. Such features are driving the growth in demand for electronic locks.

The key driver of electronic locks market growth is its high demand in the construction industry; it creates a demand for new locks which are installed directly into new buildings and also creates an additional demand for retrofit business due to large amount of companies that move to new premises. Thus, electronic security equipment such as electronic lock is further expected to find potential opportunities in the construction industry. The alarming crime rates and unethical practices globally are further fuelling the growth of electronic locks market. High profit for electronic locks is attracting more suppliers in the industry supply chain, leading to more severe pricing competition. Declining prices and enhanced convenience is being featured in new electronic lock models. Furthermore, growing popularity of access control systems is anticipated to drive the electronic locks market over the coming years.

The key players in the global electronic locks market include Kwikset (Spectrum Brands, Inc.), ASSA ABLOY Group, Kaba Holding AG, CDV Group Company, DynaLock Corporation, LockState, Schlage (Allegion Company), Onity (United Technologies Corp.), Salto Systems, SimonsVoss Technologies GmbH (Allegion Company), Videx Security Ltd and Seoul Commtech Co., Ltd.

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Automotive Tire Market – Emerging Technology, Industry survey and Analysis 2021

The intense rivalry between Bridgestone, Continental, Goodyear, Pirelli, MRF Tyre, Michelin, and Yokohama characterizes the competitive landscape of theglobal automotive tire market states a new report by Transparency Market Research (TMR). The market demonstrates an extremely concentrated structure and the scenario is anticipated to remain so over the forthcoming years.

Technological advancements is the main parameter, on which, the leading vendors of automotive tires are competing with each other. Over the years to come, a shift in the focus of these companies towards mergers, acquisitions, and collaborations can be seen, notes the research study.

 

As per TMR, the overall opportunity in the worldwide market for automotive tire was US$188.3 bn in 2014. Researchers estimate the rise of the global market at a CAGR of 6.80% over the period from 2015 to 2021, reaching US$298.1 bn by the end of the period of the forecast. Currently, radial tires enjoy a strong demand across the world and is anticipated to remain witnessing high demand in the near future, states the report.

Passenger Cars to Remain High on Demand

The research report identifies light commercial vehicles, heavy commercial vehicles, passenger cars, and motor bikes as the key application areas of automotive tires. Thanks to the increasing production of passenger cars, the demand for automotive tires is significantly high in this segment. Researchers project the trend to continue in the near future with the soaring demand for passenger vehicles in Europe and Asia Pacific.

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The report also offers a regional analysis of the worldwide market for automotive tires, in which, it has bifurcated the global market into Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW). In 2014, Asia Pacific led the overall market for automotive tires with a total value of US$81.4 bn. The regional market is projected to retain its position throughout the forecast period, owing to the increasing demand for luxury vehicles, fueled by the augmenting disposable income of consumers. Apart from this, the rising investment in the market for automotive tire in Asia Pacific for extensive research and development is also projected to boost this regional market in the near future.

Continual Expansion in Automotive Industry to Boost Demand for Automotive Tire

“The significant rise of the automotive industry in the global arena is the main factor behind the substantial growth of the global market for automotive tire,” says an analyst at TMR. The continuous increase in the disposable incomes of the average consumer across a number of developing countries has enabled them to spend on luxury items, of which automobiles hold the leading position. This, resultantly, is reflecting on the sales of auto parts, including automotive tires, leading to a remarkable growth in this market.

Overall, the future of this market looks impressive; however, the high cost of raw materials may result in slow production, leading to a slowdown in the market over the next few years, states the research report.

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Wireless Charging Market – Technological breakthroughs, Value chain and stakeholder analysis by 2023

Wireless charging is recharging batteries of electrical devices with no physically connected cables. Currently, charging of devices is an important aspect of business is response to power intensive applications. Mobile manufacturers such as Samsung, Nokia, LG Electronics and HTC are positioning phones with wireless charging to drive demand at the high end.

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The global wireless charging market is segmented by application into consumer electronics, industrial, medical, automotive and defense. Consumer electronics is expected to be the largest application segment in the wireless charging market.

On the basis of geography the market is segmented as North America, Europe, Asia Pacific, Middle-east and Africa and Latin America. High volumes of electronics devices such as smartphones and laptops in Asia Pacific make it the most promising region for wireless charging market. However, United States is the largest regional market for wireless charging. Increase in adoption of wireless charging for industrial applications and growing awareness of wireless power technology among consumers propels market growth in this region.

On the basis of technology wireless charging market is segmented as Inductive, RF and Resonant. Inductive technology is mature and has high demand in wireless charging market owing to its use in all the applications. On the other hand, RF and resonant technologies are gaining traction in the wireless charging market. Companies such as Qualcomm and Samsung support resonant technology which allows charging multiple devices simultaneously.

Alliance for Wireless Power (A4WP), Wireless Power Consortium (WPC) and Power Matters Alliance (PMA) are the three groups present in the wireless charging market. Wireless Power Consortium (WPC) uses Qi standard commonly found in smartphones whereas Alliance for Wireless Power (A4WP) uses resonance technology which is still in the early stages of development. Interoperability between these groups is of prime importance for the wireless charging market. Companies such as AT&T are seeking a commitment to one standard of wireless charging from their handset vendors.

Wireless Charging Market: Trends and Drivers

The penetration of wireless charging is expected to increase in wearable devices over the years. Wireless charging market is expected to experience a boom in electrical vehicles too. In-car charging and wireless charging of electrical vehicles are the key trends in the automotive industry. Rise in electrical vehicles manufacturing globally will help in the wireless charging market growth. Significant investments in R&D are being made by the market participants, wherein the leading players are focusing on improving the power transmission range. This would facilitate charging of devices wirelessly over long distances, subsequently expanding the application base. However, retaining the costs low is the key challenge for the wireless charging devices market.

Wireless Charging Market: Competitive Scenario

Wireless charging market is highly fragmented with start-ups and large market participants. Players are trying to distinguish themselves on the basis of quality and affordability. Few of the key players in the wireless charging market include Qualcomm Inc., Fulton Innovation LLC, Texas Instruments, Inc., WiTricity Corporation, Convenient Power HK Ltd., Integrated Device Technology, Inc., Murata Manufacturing Co. Ltd., Duracell Powermat (Procter & Gamble Co.), Energizer Holdings, Inc, Oregon Scientific, Inc. and Anker among others.

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