Radiation Detection, Monitoring, and Safety Market – Industry Analysis, Growth and New Market Opportunities Explored

Radioactive radiations are an unseen threat in many settings. Exposure to these in high level can induce several dangerous health complications. As radiations are invisible and odorless, those who work with radioactive materials require special equipment that can detect, monitor, and prevent direct exposure to harmful radioactive radiations to help warrant their safety and the safety of all those who are around them.

Increased use of radioactive materials across areas such as diverse industrial processes, power production, medical research, medical imaging, and the defense sector coupled with the heightened global threat of terrorist-operated nuclear weapons has intensified the need for reliable equipment that offers protection from radioactive radiations.

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The global market for radiation detection, monitoring, and safety has expanded significantly in the past few years in terms of introduction of technologically advanced equipment as well as the adoption of these equipment in different end-use sectors.

Intensive research has led to the development of effective technologies for simplifying, and better managing the challenges faced by people that work with radioactive substances. Over the next few years, the market is expected to witness increased traction, as governments have become stricter about adherence of safety regulations in industries engaged in processing radioactive materials.

Global Radiation Detection, Monitoring, and Safety Market: Overview

The report on the global market for radiation detection, monitoring, and safety provides a comprehensive overview of the several essential elements of the market, factors projected to majorly affect the overall development of the market, regulatory scenario of the global and regional markets, and competitive landscape.

A detailed overview of the past and present states of key market segments have been included in the report with the help of qualitative as well as quantitative data, along with predictions about growth prospects over the period between 2016 and 2024.

The report examines the major varieties of radiation detection, monitoring, and safety equipment and the state of demand and consumption of these equipment across major end-use industries. It also provides a thorough overview of key regional markets.

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The various types of radiation detection equipment available in the market include scintillators, semiconductor-based detectors, and gas filled detectors. The major varieties of radiation monitor equipment in the market are personal dosimeters, surface contamination monitors, environment radiation monitors, zonal monitors, and radioactive material monitors.

The report also examines the several types of radiation safety products available in the market. . Products made specifically for protecting face or hands, or the ones that are meant to protect the entire body are commonly available in the market.

Major end-use industries for the global radiation detection, monitoring, and safety market include medical research, medical imaging, defense, high-energy physics, biotechnology, nuclear power plants, and automobiles.

Global Radiation Detection, Monitoring, and Safety Market: Regional Overview

Of the key regional markets for radiation detection, monitoring, and safety equipment examined in the report, North America leads the global market in terms of sales, followed by the market in Europe. The leading stance of North America in the global market can also majorly be credited to the fact that most of the major vendors in the global radiation detection, monitoring, and safety market are based in the U.S. Favorable government support through incentives and regulatory support to research and development in the field are expected to allow North America to retain its dominant position during the forecast period.

Global Radiation Detection, Monitoring, and Safety Market: Competitive Landscape

Major vendors operating in the global radiation detection, monitoring, and safety market include Thermo Fisher Scientific, Inc., Canberra Industries, Inc., Bar-Ray Products, Inc., Protech Radiation Safety, Landauer, Inc., ProtecX, Mirion Technologies, Inc., Amtek, Inc., and Biodex Medical Systems, Inc.

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Thermoform Packaging Market – Future Demand, Market Analysis & Outlook

The global thermoform packaging market is characterized by a number of established players, with growing opportunities paving the way for new market entrants as well. Transparency Market Research (TMR) identifies the leading names of the industry, such as Tray-Pak Corporation, Sonoco Products Company, Amcor limited and Bemis Company Inc. The market participants are expected to keep focus on their positive qualities and put to a great extent into the research for the improvement of fields in 3D printing and modelling, visual rendering of product, and prototyping in a robust manner. The study reports that a lot of the yield that originates from the pioneers in the worldwide thermoform bundling market is foreseen to be held by the pharmaceuticals and medicinal bundling businesses fundamentally.

According the report, the worldwide thermoform packaging market, pegged at US$36.4 bn in 2016, is projected to achieve a valuation of US$57.6 bn by 2024. Between the forecast period of 2016 and 2024, the worldwide market is expected to exhibit a robust CAGR of 5.9%. The market is expected to be regionally dominated by North America, on account of the U.S’s burgeoning retail sector.

Packaging for Personal Care Products to Provide Impetus to Blister Packaging Segment

On the basis of packaging type, the worldwide thermoform packaging market is segmented into blister, clamshell, skin, and others. Of these, the blister packaging is projected upon to witness a wonderful development rate over the coming years. The growth of this segment will be because of the rising use of this packaging type in the pharmaceutical business as it is known to avert product pollution. Blister packaging is additionally being utilized for packaging certain nourishment items.

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Thermoform packaging is in effect broadly utilized as a part of a number of industries, for instance, nourishment, drinks, pharmaceutical, personal and cosmetic care, mechanical products, and gadgets. Of these, the food and beverages industry is anticipated to be the dominant consumer of thermoform packaging as it is widely utilized for packaging meat, bread shop and confectionary, dairy, snacks, nourishment administration, and others. Investigators foresee that the pharmaceutical portion is likewise liable to enroll is noteworthy development in the gauge time frame because of the developing acknowledgment of rankle packaging in the prescription and medicinal gadgets packaging.

Favorable Properties of Thermoform Aid in Providing Greater Market Opportunity

The recent growth in applications in the food and beverages in the packaging industry are expected to drive the development of the worldwide thermoform packaging market. Thermoform packaging is lightweight, odor free, adaptable, and dampness free, and are along these lines favored over wood and glass. Inferable from these predominant properties, the interest for thermoform packaging is relied upon to develop sooner rather than later. Growing consumer inclination towards packaged foods is likewise anticipated that would increase development of the worldwide thermoform packaging market. Moreover, the lifestyle changes of individuals are additionally anticipated that would help interest for thermoform packaging in the coming years. Besides, developing patterns, for instance, the progress in thermoform producing innovations, move toward lightweight packaging, and rise in the use of polylactic acid (PLA) films in are expected to offer lucrative open doors for the worldwide thermoform packaging market over the upcoming years.

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POP Display Market: Efforts to Improve Brand Visibility and Presence Fosters Growth

The global POP display market currently features a fragmented vendor landscape, says a report by Transparency Market Research (TMR). However, the market is close to consolidation as players vie for mergers and acquisitions, along with the focus of international players on vertical integration to expand their outreach. A case in point is International Paper Company. In May 2016, the company acquired Weyerhaeuser’s pulp business thus adding five pulp mills to its production facilities. Such initiatives are anticipated to be growth strategy of several players in the market, adds the report.

The key players in the global market for POP display include Smurfit Kappa Group plc, DS Smith Plc, International Paper Company, and Georgia Pacific LLC.

 

The global POP display market was worth US$9.87 bn in 2016. As per estimates of the TMR report, the global POP display market will clock a CAGR of 5.6% during the forecast period between 2017 and 2025, for the market to become worth US$16 bn by the end of 2025.

Among the key product segments, the floor display product segment is poised to lead the market at a CAGR of 6.3% during the forecast period. Geography-wise, Asia Pacific is poised to surpass other key regions expanding at a CAGR of 6.5% over the 2017-2025 forecast period.

Customization of POP Displays to Translate into Noticeable Growth

The global POP display market has been witnessing robust growth over the past couple of years as manufacturers are looking for ways of visually appealing merchandising. Thus, enhancing brand visibility, better eyeing shelf space, and effective space utilization are the key elements fuelling the market’s growth. To further improve visual merchandising, manufacturers are considering investments to introduce innovative product design such as rotating die-cut POP display with improved graphics.

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Further, players in the market are also striving to offer customization as per the branding need of end users. This product differentiation strategy is likely to favor the growth of the global POP display market to a high degree.

Changing lifestyle and rising disposable income of the urban population have also emerged as key factors driving the POP display market. Individuals in urban areas are spending liberally on packaged food and beverages that has upped the demand for POP displays for retail sales. Today, POP displays have become de facto for branding and packaging of food and beverages. Several FMCG brands are focusing on improving their brand visibility through POP displays in the retail sector. Thus, factors such as growth of the FMCG industry, retail industry, and food and beverages sector are contributing to the revenue earnings of the global POP display market.

Rising Trend of Online Shopping to Affect Demand for POP Displays

While steady growth of a number of end-use industries creates a positive outlook for the market, it faces several growth challenges as well. The rising trend of online shopping for all type of consumer goods is posing a huge threat to this market. As consumers indulge into shopping from the convenience of their homes, along with benefits of good discounts and multiple modes of payment, the growth of the POP display market will be affected.

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Despite several growth challenges, the growth of the retail sector and mushrooming of mom and pop stores in emerging economies is likely to benefit the POP display market in these regions.

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6 Key Future Prospects of Smart Bottle Market for Forecast Period 2017 – 2024

The highly dynamic and largely fragmented vendor landscape of the nascent global market forsmart bottles is highly influenced by innovative products and technologically advanced connectivity features, observes Transparency Market Research (TMR) in a recent report. Leading vendors in the global market, such as Adheretech Inc., Thermos L.L.C., Hidrate Inc., Spritz, and Myhydrate each accounted for less than 5% in the overall revenue generated by the global market in 2016.

Regional and domestic vendors have vast growth opportunities in regional pockets on account of less stringent rules and regulations pertaining to quality and features included in products mandatory for sale. Production of cheaper products with innovative features also give regional players an upper hand in comparison to international players who pay larger sums for product R&D. International players could benefit from collaborations with other leading companies in the health and fitness and technology domains. Recent instance of a strategic collaboration is the collaboration between Thermos L.L.C and Fitbit. Themos L.L.C’s new hydration connected bottle, launched in October 2015, works with Fitbit to track the water intake goals to maintain energy and overall health.

Transparency Market Research estimates that the revenue generated from sales of smart bottles across the globe was over US$88.6 mn in 2016. This is projected to increase at a CAGR of 14.3% during forecast period from 2016 to 2024, rising to a valuation of US$258.8 mn by 2024.

North America to Remain Dominant Regional Market throug Forecast Period

In terms of the key areas of application of smart bottles, including uses as water bottles, pharmaceutical bottles, and alcoholic beverage bottles, the segment of water bottles is presently the leading contributor of revenue to the global market. The segment accounted for over 56% of the global market in 2016 and is expected to witness a rise in its share by the end of the forecast period. Other segments are expected to witness losses in their share in the global market.

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In terms of geography, the market for smart bottles presently earns a massive share in its revenues from sales across developed economies in regions such as North America and Europe. These regions are expected to continue to dominate the global smart bottle market over the report’s forecast period as well, with the North America market expected to exhibit a promising 16.4% CAGR over the report’s forecast period.

Rising Demand from Tech-savvy Consumers to Drive Market

Some of the key factors driving the global market for smart bottles are the rising healthcare and fitness-related awareness among the global population, the increased population of tech-savvy consumers, and the increased willingness to pay higher sums for premium and technologically advanced products. In developed as well as developing economies, the intake of smart fitness devices such as heart rate monitors and activity trackers that can be connected wireless to smartphone, allowing the wearer/user to keep a track of their activities and advising them about appropriate actions to keep in good health, has significantly increased over the recent past.

With capabilities such as updating the consumers about the amount of water consumed over a specified period of time, comparisons between the required water level in body to avoid dehydrating and the amount of water consumed, smart water bottles are easily captivating the attention of tech-savvy and health-conscious consumers across the globe.

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Cost and Customization Issues to Hinder Growth

Factors such as the high cost of smart bottles and lack of commercialization could hinder the overall development of the global smart bottle market to a certain extent. The cost factor is especially expected to affect market’s growth across developing economies wherein a large portion of the population has low purchasing power. In addition, the lack of standardization in technology and its components have created a differentiating factor for consumer, which at the same time makes it’s difficult to compare the product offering by the manufacturers.

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Edible Packaging Market: Growing Consumption in Food and Beverages Industry to Bolster Growth

The competition in the edible packaging market is increasing at an extensive rate owing to the presence of a handful of players, states Transparency Market Research (TMR) in a research report. The structure of the market is consolidated and thus the entry of new players is expected to be difficult in the near future. The leading companies in the market are Tate and Lyle Plc., JRF Technology LLC, WikiCell Designs Inc., and MonoSol. These companies account for a sizeable share collectively in the global edible packaging market.

According to a TMR analyst, “The global edible packaging market is likely to expand at a steady 6.90% CAGR from 2016 to 2024. The market was placed at US$0.77 bn in 2016 and is likely to present an opportunity worth US$1.3 bn by 2024.”

Food and Beverage to be Leading Consumer of Edible Packaging

The two core end users of edible packaging are the industries of pharmaceuticals and food and beverages. The use of edible packaging in these is employed mainly due to the fact that they are industries of edible items and that the packaging needs to be in support to those packed within so as to not cause any adulteration or spoilage. Among these two, the food and beverages emerged as the leading segment in 2016 with a share of 77% in the same year. The segment is expected to continue leading the market until the end of the forecast period. The demand for edible packaging in the food and beverages industry is expected to rise exponentially in the years ahead.

Region-wise, the global market for edible packaging has been segmented into the Middle East and Africa, Europe, Latin America, Asia Pacific, and North America. Among these, North America surfaced as the leading region in the global edible packaging market. The most prominent market in the market was the U.S. owing to the growing consumption of it in the food and beverages industry. Asia Pacific, on the other hand is expected to emerge as a potential region for the growth of the market and for players to seek opportunities from. This growth can be attributed to the rising awareness regarding benefits among consumers, growing disposable income, and influential living standards.

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Altering Living Standards and Urbanization to Influence Demand

The growing consumption of treated products, snowballing household revenue, and the increasing predilection for hygienic and sturdy products among customers have risen as the key driving forces behind the progress of the global edible packaging market. The increase in urbanization in developing countries is another significant factor that is pushing this market towards growth sturdily.

Additionally, the intensifying awareness among customers about the qualities of edible packaging, such as the relaxed handling of products in spite of upholding their shelf life and quality is likely to drive this market substantially in the years ahead. Nevertheless, the high cost accompanying the packaging machineries and the quality layers exploited in edible packaging is expected to inhibit the smooth seafaring of this market over the coming years. Other than this, the mounting practice of modified atmosphere packaging is further expected to limit the progress of the global edible packaging market to some extent.

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Retail Ready Packaging Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

DS Smith plc, LINPAC Packaging, Weedon Group, Smurfit Kappa Group plc, Mondi, Caps Cases Limited, Amcor Limited, International Paper Company, Orora Packaging Australia Pty Ltd, and Creative Corrugated Designs, Inc. are to name a few prominent players in the global retail ready packaging market.

In order to steal a march over their competitors in the global retail ready packaging market, players are focusing on improving their product portfolios. To that end they are pouring money into research and development.

 

A report by Transparency Market Research uncovers that the global retail ready packaging market will rise at a tepid pace in the next couple of year. According to the report, the market will likely clock a 4.3% CAGR during the period between 2017 and 2025 to attain a value of US$84.46 bn by 2025 from US$60.52 bn in 2017.

The global retail ready packaging market can be segmented based on various parameters. Depending upon the type of material for example, it can be segmented into plastics, and paper and paperboard, among others. Of them, the segment of paper and paperboard is expected to grow at a healthy clip because of the recyclability and sustainability features of paper materials.

Geography-wise, the key segments of the global retail ready packaging market are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, of them, is predicted to register maximum growth in the upcoming years because of the formalization in retail supply chain in developing nations of Asia Pacific, namely China and India. The market in Asia Pacific is predicted to register a CAGR of 8.5% from 2017 to 2025.

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Market Boosted by Retailers Preference for Shelf-ready-packaging

Retail ready packaging market is witnessing a worldwide growth with retailers expending money on it. This is because retailers, mostly big ones, have realized the importance of shelf-ready-packaging that be placed right on to the shelf without the need for unpacking or repacking. “Packaging is responsible for valuable business with benefits such as better on shelf availability through reduced waste and better stock replacement, which is likely to drive the retail ready packaging market,” explains the lead analyst of the TMR report.

Lack of Industry Standardization Negatively Impacts Market

In addition, desire for brand retention and easy recyclability of the products are also working in favor of the global retail ready packaging market. Posing a challenge to the market, on the other hand, is the absence of industry standardization and additional supply chain costs incurred by suppliers.

Helping to overcome the challenge is the burgeoning food and beverages sector and the fast moving consumer goods sector (FMCG). They have been consistently serving to up demand in global retail ready packaging market.

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Eco Friendly Bottles Market – Industry Analysis, Growth and New Market Opportunities Explored

The global eco friendly bottles market has exhibited solid growth in the last few years due to the growing government support and mass popularity of environmental conservation solutions. Eco friendly bottles represent a crucial step in making sure the modern human lifestyle doesn’t harm the environment beyond repair. The rising popularity of environmental conservation is thus likely to remain the key driver for the global eco friendly bottles market in the coming years.

The global eco friendly bottles market is expected to be valued at more than US$2.5 bn by the end of 2017 and is likely to rise to more than US$3.7 bn by 2022 at a CAGR of 8.1%.

Here are the key insights into the global eco friendly bottles market:

The key driver for the eco friendly bottles market is, as mentioned above, the growing support and governments as well as customers for environmental solutions that help conserve natural resources. Growing awareness about the extent of environmental problems of our times among the masses has made a real difference to the global eco friendly bottles market. Recognizing this, many governments have prioritized environmental conservation in their fiscal and regulatory movements, lending solid support to the eco friendly bottles market. The steady inflow of funding enabled by the solid government support is vital for the eco friendly bottles market, as the technology behind eco friendly bottles is complicated and still relatively expensive.

The growing use of bottles in modern times is closely linked to the rapid growth of the food and beverage industry. The food and beverage industry has expanded at a rampant rate in developed urban regions in recent years, leading to solid growth in the demand for bottles. Mineral water production has become one of the key parts of the food and beverage sector, in addition to being a major consumer of bottles. This is likely to enable steady growth of the global eco friendly bottles market in the coming years. The demand for bottled beverages is also helped by the rapid growth in demand for health drinks and various other innovations in the food and beverage sector, which will drive the demand from the global eco friendly bottles market in the coming years.

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The eco friendly bottles market is dominated by developed regions due to the widespread awareness regarding the importance of ecological conservation. However, developing countries in regions such as Southeast Asia could become major players in the global eco friendly bottles market due to their rising consumption of bottles for mineral water, beverages, as well as household cleaning liquids. The rising disposable income of consumers in Asia Pacific except Japan is likely to enable smooth growth of the regional market in the coming years, with the region expected to create an absolute opportunity of US$252.2 mn over the 2017-2022 forecast period. Japan is also likely to contribute significantly to the global eco friendly bottles market over the coming years, with the regional market expected to reach US$228.2 mn over the 2017-2022 forecast period at a CAGR of 6.2%.

Developed regions such as North America and Europe are likely to dominate the global eco friendly bottles market in the coming years. The North America eco friendly bottles market is expected to exhibit a robust CAGR of 12.7% from 2017 to 2022, rising from a valuation of US$617.2 mn to US$1,123.4 mn, the latter representing close to 30% of the global eco friendly bottles market. However, Europe is the dominant regional contributor to the global eco friendly bottles market, with the region expected to account for more than 32% of the global market by the end of 2017.

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Competitive Dynamics

Leading players in the global eco friendly bottles market include EcoXpac A/S, One Green Bottle, Earthlust, Ecologic Brands Inc., SKS Bottle and Packaging Inc., Cascade Designs Inc., Pachamama, and Pepsi-Cola Metropolitan Bottling Company.

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