Pharmaceutical Industry to Remain Most Valuable End-use Industry for Global Aseptic Packaging Market

With Tetra Pak alone accounting for a share of over 65%, the competitive landscape of the global aseptic packaging market features a markedly high level of consolidation and intense entry barriers for new vendors, reports Transparency Market Research in a recent report. The highly complex manufacturing process and requisition of high initial investments have also refrained many companies from venturing into the market for aseptic packaging so far.

However, even though intense entry barriers exist on the global level, new vendors could make a mark by introducing cost-effective product varieties as their entry strategy, especially in the highly lucrative emerging markets. In the next few years, the vast growth opportunities in the global aseptic packaging market are likely to attract new companies. Low cost of raw material and relatively cheaper labor in developing regions will naturally be the most promising locations for establishing manufacturing units. Other key vendors operating in the global aseptic packaging market include SIG Combibloc, Schott AG, Greatview Aseptic Packaging Company, and Elopak.

Rising Demand across Food and Beverages, Dairy Industries to Fuel Growth

The rising consumer awareness about the benefits of aseptic packaging and its capability of keeping food products in their original form for a long duration, without the need for added preservatives to ensure longevity and sustained quality is boosting the usage of aseptic packaging across industries such as food and beverages and dairy products. The rising global consumption of ready-to-eat and packaged food products is also fueling the demand for aseptic packaging in these industries. In the next few years, ready-to-eat and packaged foods are expected to be the most preferred category of food products for busy urban dwellers, especially in emerging economies. The trend will substantially enhance the overall growth opportunities of the global aseptic packaging market.

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The market is also expected to benefit from the fact that aseptic packaging products such as cartons are environmentally safer when compared to glass bottles and PET products. Studies have demonstrated that manufacturing and disposal of aseptic packaging products results in the release of relatively lower amount of emissions considered harmful for the environment. Their manufacturing also consumes lesser fossil resources as compared to glass bottles and PET products. These factors are expected to have a massive impact on the future development of the global aseptic packaging market as the rising awareness regarding environment preservation among consumers will compel consumers to switch to eco-friendly products.

Complex Manufacturing Process and Preference for Known Brands to Restrain Growth

The highly complex process of manufacturing aseptic packaging and preference of consumers to products from renowned brands are two of the key challenges that the global aseptic packaging market presently faces. Owing to the complex manufacturing process and capital-intensive setup of manufacturing units, not many companies have ventured into the market, leading to a dearth of product varieties.

Also, the consumer has largely been biased towards the most prominent brands available in the market, leading to a highly polarized market. New vendors wishing to enter the market are required to focus on ways of value addition to their offering for product differentiation. These factors are collectively having a massive negative impact on the overall development of the global aseptic packaging market, limiting its expansion prospects across a larger consumer and application base.

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Asia Pacific to Retain Dominant Positions

The global aseptic packaging market is expected expand at an excellent 9.9% CAGR over the period between 2016 and 2024. Expanding at this pace, the market will rise from a valuation of US$34.42 bn in 2015 to US$80.49 bn by 2024. The pharmaceutical industry is presently the key end-use industry, accounting for a share of over 35% in the global market in 2015. Geography-wise, Asia Pacific accounted for a dominant share of 32% in the global market in the same year. Both these segments are expected to retain their dominance in their respective categories in the global aseptic packaging market over the forecast period as well.

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Sterile Medical Packaging Market – Future Demand, Market Analysis & Outlook

The global market for sterile medical packaging is led by companies such as Amcor Limited, Placon, Dupont, Steripack, Wipak Group, 3M Medical Packaging, Nelipak Healthcare Packaging, Oracle Packaging, Sonoco Plastics Europe, Billerkornas AB, and Ampac Group. Transparency Market Research has observed that a number of leading packaging companies have been adopting the outsourcing model in order to expand their footprint in the sterile medical packaging market and thus generate a high ROI.

“Contracting with local companies helps manufacturers lower the operational cost,” the author of the study states. “Furthermore, packaging companies can benefit from better pricing by outsourcing sterile packaging.” 

 

Some of the key strategies employed by players in the sterile medical packaging market are mergers and acquisitions, strengthening the distribution network, product expansion, and expanding into other geographical segments. 

The opportunity in the global sterile medical packaging market is estimated to be worth US$26.5 bn by the end of 2016 and is projected to reach US$38.3 bn by 2024.

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North America to Continue its Lead in Global Sterile Medical Packaging Market 

The vials and ampoules segment is estimated to account for the leading share in the sterile medical packaging market in terms of value by 2016-end. “However, this product segment is expected to register a marginal decrease in market share by the end of the forecast period, with the pouches and bags segment likely to emerge as the dominant segment by 2024,” the lead analyst predicts. Nevertheless, the vials and ampoules segment will be one of the most attractive markets during the course of the forecast period.

Plastics are expected to be the preferred material choice for vendors in the sterile medical packaging market. By application, the pharmaceuticals and biologics segment is estimated to account for 64% of the market by 2016-end. This is attributed to the growing demand for biologics across various therapeutic applications. Geographically, North America is expected to continue leading the sterile medical packaging market through 2024, accounting for over 36% by 2016-end. Latin America is projected to register a 6.7% CAGR from 2016 to 2024, emerging as one of the most lucrative markets for sterile medical packaging. 

Surging Incidence of Chronic Diseases Driving Demand for Sterile Medical Packaging 

Biologics has gained popularity in the recent past and has become the preferred choice for the treatment of chronic disorders such as diabetes and arthritis. However, the lead analyst at TMR finds that the manufacturing process is rather complex and requires a high degree of stability. “An increased level of expertise is needed to maintain and preserve biologics and this has led to the rising demand for innovative product packaging solutions among biologics manufacturers.”

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The growing incidence of chronic diseases worldwide has emerged as a major concern among the global population. This rise is, in turn, driving the demand for medical drugs and devices, which creates a favorable environment for sterile medical packaging.

Although the transportation of drugs and devices packed in bags and pouches requires extreme care and specific requirements, this restraint has driven manufacturers to develop flexible and sustainable packaging to overcome the shortcomings of sterile medical packaging solutions.

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Waterproof and Weatherproof Label Market: Resistance Power to Surge Product as most Favored

Some of the core players in the worldwide waterproof and weatherproof labels market are Avery Dennison Corporation, Bemis Company, Inc., Lintec Corporation, UPM Raflatac Ltd, CCL Label, Inc., 3M Company,  WS Packaging Group, Inc., Fuji Seal International, INC., Herma Gmbh, Robos GmbH, and Co. KG, PMC Label, Ahlstrom-Munksjö, Brady Worldwide, Inc., LabTAG.com., NFI Corp, A Weber Packaging Solutions, Inc., dvanced Barcode and Label Technologies, Inc., ZIH Corp,  and SYMBIO, INC, states Transparency Market Research (TMR) in a research report.

According to a report by Transparency Market Research, the worldwide waterproof and weatherproof labels market will probably expand at a CAGR of 5.0% amid the period in the vicinity of 2017 and 2025 to wind up noticeably worth US$23 billion by 2025 from US$16.09 billion of every 2017. Contingent on the printing technology, the worldwide waterproof and weatherproof labels market can be fragmented into flexographic printed labels, thermal printed labels, digital printed labels, and lithographic printed labels. Of them, the digital printing technology is anticipated to expand by enrolling a CAGR of 5.2% in the figure time frame.

 

Region shrewd, the key fragments of the worldwide waterproof and weatherproof labels market are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Among them, the market in Asia Pacific runs the show with the greater part of the market share. In the years ahead as well, the locale is slated to keep up its overwhelming offer by enlisting most extreme CAGR of 6.6%. The market in Asia Pacific is by and large essentially controlled by China, which has a huge assembling area. The hazardous development in present day retail outlets in India and whatever is left of the district is likewise serving to support the development in the market.

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Enhanced Brand Visibility to Surge Use in Several Industries

Waterproof and weatherproof labels are impervious to scraped spot and additionally to evolving atmosphere. This remarkable saw advantage is serving to support their take-up significantly. Further, it likewise realizes simplicity of following and comfort in handling of items amid transportation and capacity. This is likewise demonstrating valuable to the market.

“Customarily waterproof and weatherproof labels were utilized for labeling of synthetic and perilous items. Be that as it may, as of late they are finding expanding application in the nourishment, drinks, and buyer products market by virtue of their capacity to last more and consequently enhance the perceivability of the brand logo and name of the organization,” clarifies the lead investigator of the TMR report.

Market to Face Challenges from Surface Printing

A discernible pattern in the worldwide waterproof and weatherproof labels market is the utilization of thwart because of their capacity to keep dampness from entering and other relieve impacts of other ecological conditions. In spite of costing more than consistent labels, waterproof and weatherproof labels are seeing demand because of their capacity help perceivability of their brand logo or organization name.

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Representing a test to the worldwide market for waterproof and weatherproof labels then again is the rising utilization of surface printing, as it gets rid of the requirement for labels out and out.

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Next Generation Biometrics Market – Emerging Technology, Industry survey and Analysis 2024

The identification and security systems deployed across organizations have evolved a great deal in the past few years. Many recent advances introduced in these systems have considerably benefited businesses worldwide in fortifying their security. Next generation biometrics is one such technology that has been witnessing rising demand around the world.

Biometrics technologies are automated methods used for verifying and authenticating the identity of a person based on behavioral or physical characteristics such as fingerprints, voice patterns, vein and signature patterns, facial patterns, hand measurements, and eye retina and iris. Biometrics has emerged as a popular method of verifying the identity of a person under surveillance. The basic premise of the technology is based on the fact that every person is unique and it is possible to identify him/her by the intrinsic physical or behavioral traits.

Next generation biometrics has gained incredible popularity in the last few years, mainly because of the favorable government initiatives adopted globally to restrict illegal entry. The technology has also gained impetus from the introduction of e-passports and its increasing use in criminal identification. Furthermore, the growing use of biometrics in cloud computing and e-commerce solutions is expected to provide lucrative opportunities for the global next generation biometrics market.

This multi-billion dollar market is anticipated to further gain from the rising applications in the travel and immigration industries. Over the report’s forecast period, the market is poised to exhibit an impressive CAGR. The report a comprehensive overview of the next generation biometrics market, presenting insights into the key drivers and restraints impacting the market’s growth.

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Next Generation Biometrics Market: Key Opportunities and Threats

The next generation biometrics technology offers a high degree of privacy, accuracy, ease of use, interoperability, and uniformity across the system. The growing awareness about the benefits offered by biometrics has been crucial in driving the market for the technology behind it. Furthermore, biometric technology enables storage of information in the digital format, which is nearly impossible to decipher and reconstruct.

Owing to its exceptional features, the next generation biometrics technology finds use across varied applications ranging from health care, government, defense, and border security to commercial security, travel and immigration, and banking and finance. The increasing government funding for deploying biometric technology across various economic sectors has been a major factor boosting the global next generation biometrics market.

Despite witnessing widespread application across various sectors, the high cost incurred in deploying the system and the risk of privacy intrusion are a few factors inhibiting the growth of the market. Nevertheless, the increasing use of the technology in ecommerce and cloud computing is estimated to provide considerable growth opportunities for the market.

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The global next generation biometrics market has been classified on the basis of type into fingerprint recognition, face recognition, iris recognition, voice recognition, palm print recognition, vein recognition, and signature recognition. Based on application, the market has been segmented into banking and finance, government, travel and immigration, defense, government, health care, electronics, commercial security, home security, and other applications. Regionally, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World.

Next Generation Biometrics Market: Vendor Landscape

In order to study the prevailing vendor landscape of the market, the report profiles players operating therein such as Fujitsu Ltd., 3M, Fulcrum Biometrics, and Cross Match Technologies, Inc. Strengths and weaknesses of companies profiled are determined using the SWOT analysis. The analysis also includes the opportunities and threats that these companies may face during the forecast period.

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Smart Irrigation Market – A cutting-edge technology,industry survey and new business opportunities 2024

The amount of agricultural output is expected to grow till 2030, says a report by the Food and Agriculture Organization. With a projected growth of 1.4% in the aggregate crop production worldwide, the demand for supplies and solutions from industries working in the periphery of the agricultural sector is expected to rise. However, this does not necessarily mean that land under cultivation will rise dramatically. If anything, the agriculture industry will have to find ways to optimize productivity from a given piece of land as the urban sprawl occurs at the cost of arable land.

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This lays a solid foundation for the growth of the smart irrigation market. Companies in the market are helping farmers maximize yields through judicious usage of water. Smart irrigation is a relatively new concept in the agriculture sector. It entails the controlled use of water by scheduling the irrigation cycle at specific times of the day by using sensors and water flow controllers. By automating the run times of the irrigation system, it is possible to not only curb the amount of water used on a field, but also make sure that plants receive precise levels of water.

There are many benefits that farmers can expect when they invest in a smart irrigation system. Some of these include automatic shutoff of the irrigation system when it is raining, increase in the amount of water supplied when temperatures soar beyond a specified limit, and considerable savings in the amount of water used for irrigation.

In order to achieve these functions, a myriad of sensors are used in smart irrigation systems. These include soil moisture sensors, ambient humidity sensors, and temperature sensors. Flow meters and other network elements are the other important components in the market.

Global Smart Irrigation Market: Drivers and Trends

The global smart irrigation market features advanced systems that can be integrated with weather data systems to anticipate the amount of water required on a field over a particular period. This advantage of smart irrigation systems will aid the market’s growth during the forecast period. The market can be broadly segmented on the basis of smart irrigation hardware, sensors, and network components.

It is expected that the valuation of the global smart irrigation market by hardware will surpass US$ 1 Bn by the end of 2024. Much of the growth reported by the market will occur as a result of heightened awareness regarding water conservation. Moreover, the agricultural community worldwide is taking issues such as resource wastage and per-hectare productivity seriously. This has led to greater willingness among farmers to adopt technologies that can help them meet this end.

Demand for sensors is expected to remain the highest in theglobal smart irrigation market by hardware and components. The other reason for increasing sales of sensors for smart irrigation is that they help farmers identify the levels of various nutrients in the soil. Issues such as water logging can also be efficiently and swiftly identified with the use of sensors.

While the use of smart irrigation is seen in non-agricultural applications such as on golf courses, for landscaping and turf development, and in the residential sector, it is the agriculture application segment that will exhibit the highest demand for smart irrigation systems.

Global Smart Irrigation Market: Region-wise Outlook

Demand for smart irrigation has been rising consistently in North America. This is attributable to the emphasis of governments in the U.S. and Canada on the planned use of natural resources and greater awareness about environmental issues. With subsidies and rebates available to those implementing optimal resource utilization techniques, the adoption of systems such as smart irrigation is projected to rise in the region. Companies offering smart irrigation hardware and network components in line with these developments include The Toro Company, Rachio Inc., Baseline Inc., Rain Bird Corporation, and Calsense.

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Intelligent Electronic Devices Market Size, Industry Trend and Forecast 2024

Most of the nations worldwide are trying to raise their electricity production in order to complement the increasing industrialization and urbanization. This factor has significantly contributed to the rise of substation installation in order to deliver electricity to various remote parts of a nation. A substation is used to step up current and voltage or vice versa for transmitting electricity to long distances.

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Thus, a substation typically consists of equipment such as circuit breaker, transformer, capacitors and voltage regulators which perform transmission, distribution and protection of equipment’s from both the ends. This makes substation an important part of power system which needs constant monitoring and maintenance for smooth operation. Intelligent electronic device helps to monitor, control and protect the substation equipment’s from unpredicted faults resulting in disruption of power supply.

Intelligent electronic devices consist of a group of microprocessor controlled components such as switching, control and communication units. Switching units comprises devices such as protective relay, electrically operated on-load tap controller and electrical isolator which operate in substation to mechanically isolate the system in case of possible fault. Some switching units also continuously monitor and collect data which is fed to control units through communication devices. Communication devices comprises Ethernet cables, wireless transmission and power line communication carrier (PLCC). Today, most of the intelligent electronic devices manufacturers provide communication through Ethernet cables and wireless communication.

Control units consists of a system which helps to monitor and control the remote terminal unit (RTU) or switching units in real-time. Further, it also collects historical data from switching units thereby providing detailed analysis to the operator. Intelligent electronic devices also consist of monitoring systems, supervisory control and data acquisition (SCADA), human machine interface (HMI) and digital meters which help to provide additional information of overall health of substation systems.

Intelligent Electronic Devices Market: Driving Factors and Opportunities

Further, with the introduction of smart grid system, the application of intelligent electronic devices is expected to increase in coming years. Some intelligent electronic device vendors also provide software which help to collate and monitor the overall condition of intelligent electronic devices. A major requirement for intelligent electronic devices vendors is to comply their system with International Electrotechnical Commission (IEC) IEC 61850-6 standard. Thus, the protocol is expected to create a huge impact on the market in producing a standardized product.

The application of intelligent electronic device is expected to increase in transmission and distribution, collector and switching substation. Some vendors are also providing customized solution for gas insulated substation which also require monitoring of SF6 gas. The market for intelligent electronic device is also expected to increase owing to the automated and remote control of substation in remote areas.

The application of intelligent electronic device is increasing in renewable energy installation such as wind farms and solar projects which require continuous monitoring of electrical equipment’s. The market can be segmented on the basis of hardware such as RTU, communication and control system. Further, the challenge faced in case of possible intrusion in wireless based communication can be a possible restraint for this market.

Intelligent Electronic Devices Market: Key Players

Some of the prominent vendors providing intelligent electronic device are Schneider Electric SE, Siemens AG, Black & Veatch Corporation, Eaton Corp PLC, SUBNET Solutions Inc., Toshiba Corporation and ABB Ltd.

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Earphone Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Earphones are a pair of small hearing devices that are designed to be fitted in a user’s ears, facing the ear canal. They are electroacoustic transducers through which the electrical signal is converted into a corresponding sound. They are typically designed to enable a single user to listen to an audio privately, unlike the loudspeakers, which produces sound in open air, for anyone to hear nearby. Earphones are portable device and are convenient, however some people consider them uncomfortable and prone to falling out.

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The earphones consist of separate units that are plugged into the ear canal of the users. In the terms of telecommunication, a headset is a combination of earphone/headphone and microphone. They either connect directly to an audio amplifier, CD player, radio, portable media player, mobile phone, electronic musical instrument, video game consoles or use wireless bluetooth technology. Earphone consists of different audio imitation quality capabilities. The headsets used for telephone cannot reproduce sound with highly reliable expensive units that are designed for listening music.

Using earphones at a high volume level may lead to permanent or temporary hearing damage or deafness. The sound volume has to compete with nearby background noise, especially in places such as subway, railway stations, aircraft, as well as in large crowds. Some portable music devices manufacturers have tried to introduce safety circuits in order to limit the output volume and warn the user when the volume used is at dangerous level. However, this concept has been rejected by majority of public who favor their personal choice of volume.

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Earphones exhibit high consumer adoption rate during workouts, travelling, etc. which has escalated their demand in the recent years. Other factors such as rising disposable income, products integrated with enhanced noise annulment capabilities may swell the earphones market demand during the forecast period. Further, earphone market is composed for high growth owing to its short replacement cycle, which is attributed to growing consumer needs, functionalities and loss or damage. The use of portable music systems, such as tablets, smartphones and handheld music players, is significantly growing in the market which in turn, is driving the market for earphones currently. In the recent years, various technological advancements in earphones have led to minimizing of the overall size and weight of earphones.

The key developments in wireless technologies such as bluetooth, Wi-Fi, Infrared (IR) and SKAA are expected to further increase the growth of the earphone market. The demand for earphones is strong in corporate sector, mainly in the expanding call center industry. The growing adoption of VOIP services for video conferencing is also behind the increasing demand for earphones from the corporate sector. Proliferation of various e-commerce websites, along with competitive pricing is further anticipated to swell the sales of earphones via online store during the coming years.

The major participants in the global earphone marketinclude companies such as JVC Corporation, Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Apple Inc., Harman International Industries, GN Netcom A/S (Jabra), Plantronics Pty Ltd., Audio-Technica Corporation, and Philips Electronics Ltd.

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