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.

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.

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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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Global Chemical Sensors Market: Rising Security Concerns Boost Sales, Says TMR

The top five players in the global chemical sensors market accounted for a share of 19.8% in 2015. The market leaders, namely, Emerson Electric, Co., Honeywell International, Inc., ABB Group, Siemens AG, and The Bosch Group are all expected to continue their dominance in the near future with the development and launch of new products. “Companies are also projected to focus on the implementation of new technologies through innovation achieved through research and development to stay ahead of the competition,” states the lead author of this research report. The research report by Transparency Market Research states that the opportunity in the global chemical sensors market is expected to be worth US$24.8 bn by 2024 as compared US$16.3 bn in 2015. The market is projected to expand at a CAGR of 5.0% from 2016 to 2024.

Intensive Research and Development Keeps North America at Forefront

In terms of geography, North America is expected to lead the global market as it is posed to acquire a share of 36.4% in terms of revenue in the global market by the end of 2024. The significant growth of this market will be attributable to the intensive research and development activities amidst growing concerns about environmental pollution. Meanwhile, the oil and gas industry is projected to be the key end user in the global chemical sensors market as the industry on the whole is in a constant effort to control and monitor hazardous chemicals in the environment. Analysts estimate that the oil and gas segment will progress at a CAGR of 4.5% during the forecast period.

Consumption of Chemicals across Industries Ensures Growth

The demand for chemical sensors is expected to surge in the coming years as consumption of chemicals surges in industries such as medical, agricultural, food and beverages, and automotive. The ongoing oil and gas exploration and extraction activities have also sped up the uptake of various types of chemical sensors in recent years. Several industries are adopting these sensors in order to identify the level of hazardous chemicals in present in the environment and determine their impact through logical analysis. The growing initiatives by governments to ensure environmental safety is also expected to drive the global market in the coming years.

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The spike in the revenue of the global chemical sensors market is also attributable to rising concerns over homeland security. Owing to this reason, chemical sensors are being used by the defense forces for detecting harmful gases, explosives, and other chemicals that could be used as a part of chemical warfare. The increasing investments in research and development activities are also likely to benefit the overall market in the near future. Furthermore, the initiatives taken by the governments and private organizations to bring CO2 emissions and curb the national footprints is also projected to work in the favor of the global chemical sensors market.

Shorter Life Span of Chemical Sensors Dissuades Buyers

The only factor restraining the growth of the overall market is the poor life expectancy of the chemical sensors. The sensors are known to get easily damaged due to varying temperatures, air pressure, humidity, and other environmental contaminants. Persistent exposure to harmful chemicals and gases deteriorates the quality of these sensors. The fluctuating prices of chemical sensors despite the steady demand and extensive sales is also projected to hamper the growth of the global market in the near future.

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Cartoning Machines Market: Keen Players Allocate Substantial Funds for R&D to Devise Innovative Machines

The global cartoning machines market is a fragmented one that contains a large number of companies of varying sizes. Competition in the market is intense as companies outdo each other with newer offerings employing progressive technologies. Keen players are pouring substantial money into research and development to incorporate advanced technologies and devise avant-garde cartoning machinery to deliver maximum efficiency.

Prominent participants in the cartoning machines market include Molins Langen, IMA Industria Macchine Automatiche SpA, Robert Bosch GmbH, Omori Machinery Co. Ltd. Tetra Pak International S.A., Marchesini Group, OPTIMA Packaging Group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, Shibuya Packaging System Corpoartion, Cama Group, Triangle Package Machinery Co., Douglas Machine Inc., ACG Pampac Machines Private Limited, Econocorp Inc., PMI Cartoning Inc., Pakona Engineers Pvt Ltd., Korber Medipak Sysems North America Inc., Bradman Lake Group Ltd., Jacob White Packaging Ltd., and ADCO Manufacturing.

As per a report by Transparency Market Research, the global cartoning machines market will likely expand at a CAGR of 5.1% between 2017 and 2025 to attain a value of US$6.7 bn by 2025. The market was evaluated at US$4.3 bn in 2016.

Based on machine type, end-load cartoning machine segment is likely to attract significant revenue as end-load cartons find extensive demand in food packaging sector due to better stacking capability than other carton types. Wrap-around cartoning machine segment, however, is likely to surpass in terms of growth rate as wrap-around cartons are aesthetically appealing and offer better sealing than other carton types.

By orientation, horizontal cartoning machines currently dominate the market due to their affordability and higher flexibility in terms of accommodating carton sizes. The end-load cartons are particularly more compatible to packaged using cartoning machines with horizontal orientation. The high demand for end-load cartons account for the dominance of horizontal machines over vertical machines.

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Evolution of Packaging Machinery Bodes Well for Market

“The growth of the global cartoning machinery market is greatly influenced by evolution of the global packaging machinery market,” says a TMR analyst. Manufacturers of packaging machinery are involved in design improvements and to expand capacity, automation, and quick change over capabilities to strengthen their position in the intensely competitive packaging machinery market.

Further, cartoning machine manufacturers are also making efforts to introduce newer models as part of their branding and marketing plans. This will help these companies to earn a brand name, adds the analyst.”

Efforts to Devise Speedy Machines with Minimal Human Involvement Drives Growth

Another key factor driving the cartoning machines market is changing consumer preference and demand for innovative packaging solutions. This is compelling packaging machinery manufacturers to devise machinery that can handle huge volume with minimal human interference. Nevertheless, the adoption of innovative packaging solutions is largely dependent on speed of packaging with minimum errors and the one that involves minimum wastage of raw material.

The burgeoning healthcare industry in several parts of the world is also positively impacting the global cartoning machines market. The demand for a range of packaging solutions to transport and store clinical products is providing opportunities to cartoning machine manufacturers to develop specialized machines. However, the food industry is currently the leading end-use industry for cartoning machines market.

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Cryogenic Vials Market: Growth Propped by Investments in Drug Development

Some of the prominent participants in the global cryogenic vials market are Thermo Fisher Scientific Inc., Corning Incorporated, DWK Life Sciences GmbH, Sigma-Aldrich Corporation, VWR International LLC, BioCision, LLC, Sumitomo Bakelite Co., Ltd., Starlab International GmbH,  Capp ApS, Incell Technologies, Ziath Ltd, Argos Technologies, Inc., Azer Scientific, Inc., E&K Scientific Products, Inc., Evergreen Scientific, CELLTREAT Scientific Products, BIOLOGIX GROUP LTD, Abdos Labtech Private Limited, Simport Plastics Limited, and EZ Bio Research LLC.

A study by Transparency Market Research predicts the global cryogenic vial market to rise at a tepid pace. By clocking a CAGR of 3.9% during the period between 2017 and 2027, the market is expected to attain a value of US$199.3 mn by 2027-end from US$131.8 mn in 2016.

Depending upon the types of products, the global cryogenic vials market can be divided into self-standing and round-bottom. Of the two, the self-standing cryogenic vials dominate the market with over 50.0% share in it. Their greater uptake results from their eliminating the need for extra storage space – they do not require to be put in cryogenic racks which is mandatory for the round bottom cryogenic vials.

Geographically, the key segments of the global cryogenic vials market are North America, Latin America, Asia Pacific, Europe and the Middle East and Africa. Of them, North America leads with maximum share in the market. In the years ahead too, the region is expected to retain its dominant position by expanding its value at a CAGR of 4.2%. The growth in the region is being primarily powered by the increasing allocations on research and development of antibiotics. The U.S. is at the forefront of driving demand in the region on account of the major spends in development of new drugs.

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Growing Spends on Research and Development of New Drugs Boost Demand

Majorly fuelling the global cryogenic vials market is the rising spends on research and development of new drugs by governments in key economies. Besides, cryopreservation feature of cryogenic vials, mainly needed for proteins, animal tissues, and cells which lose their chemical properties at room temperature and hence need to be preserved far below subzero temperature, is also boosting their demand. The cryogenic vials are safe for storing samples up to -196 degree centigrade.

Barcoding of Cryogenic Vials Leads to Uptake from Healthcare Institutions

“The ongoing trend observed in cryogenic vials market is that cryogenic vials are now being provided with the barcodes that facilitates easy identification. Also, barcoding of cryogenic vials aids in incorporation of data for future reference which has further propelled its application in the healthcare institutions,” adds the lead analyst of the TMR report.

Occasional Damage to Seal Integrity Serves to Reduce Demand

Cryogenic vials, however, suffer from certain drawbacks which is serving to hamper their demand. For example, sometimes they lose their seal integrity when they are immersed in liquid nitrogen, which results in cross contamination of liquid nitrogen with the biological sample. Also, prolonged storage of cryogenic vials in the liquid nitrogen may cause explosion. There have been instances where the leakage of vapors of liquid nitrogen has caused asphyxiation too.

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Environmental Sustainability of Molded Fiber Clamshells and Containers Driving Global Market at Healthy Rate

The global molded fiber clamshell and container market has become a key part of the packaging sector in recent years due to their benefits such as cheap costs compared to traditional alternatives, light weight, and environmentally sustainable composition. The molded fiber clamshell and container market is thus set for rapid growth over the 2017-2022 forecast period due to steady growth of the packaging industry to satisfy the demands of a growing set of end use industries. Europe is likely to be a key region for the global molded fiber clamshell and container market, with the region set to occupy a dominant share in the global market through the 2017-2022 forecast period. Asia Pacific except Japan is also likely to play a key role in the global molded fiber clamshell and container market over the 2017-2022 forecast period due to growing demand from the region’s emerging economies.

According to Transparency Market Research, the global molded fiber clamshell and container market is likely to reach a valuation of more than US$2 bn by the end of 2017, with the market expected to further rise to more than US$2.7 bn by the end of 2022.

Here are the key insights into the growth prospects of the global molded fiber clamshell and container market in the coming years:

The rising demand for molded fiber clamshells and containers from the food and beverage industry is likely to be a major growth driver for the market over the coming years. The food and beverage industry has become a leading end user of the packaging industry in recent years due to the rapid globalization of the industry, leading to growing demand for long-distance shipping of fresh foods. The growing consumption of fresh fruits, vegetables, and eggs is likely to remain a vital driver for the global molded fiber clamshell and container market over the coming years. Such foods have become popular among urban consumers, who are becoming increasingly aware about the importance of a healthy diet. This is likely to be a vital driver for the global molded fiber clamshell and container market over the coming years, as urban retail sales channels have embraced the use of molded fiber clamshells and containers.

One of the prime factors enabling steady growth of the global molded fiber clamshell and container market is their environmental sustainability. Since molded fiber clamshells and containers are made from recycled paper and other such materials, they cause no environmental harm when they are disposed. This gives them a considerable advantage over conventional packaging materials such as plastics, which have come under the spotlight in numerous regions due to the impact of plastic packaging on environmental degradation. The rising government support to environmental measures is thus likely to remain a key driver for the global molded fiber clamshell and container market in the coming years.

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Apart from being environmentally sustainable, molded fiber clamshells and containers are also cheaper to produce than conventional packaging materials. Transfer molded fiber clamshells and containers, for instance, are produced from recycled newspapers with the use of vacuum forming, which makes them financially viable for even small players in the packaging sector. This could widen the adoption of molded fiber clamshells and containers in the coming years at a steady rate.

Competitive Dynamics

Leading companies in the global molded fiber clamshell and container market include Huhtamaki Oyj, ESCO Technologies Inc., UFP Technologies Inc., Pactiv LLC, Henry Molded Products Inc., OrCon Industries Corporation, KapStone Paper and Packaging, FiberCel Packaging LLC, Biodegradable Packaging for Environment Co. Ltd., Pacific Pulp Molding LLC, Kinyi Technology Limited, Southern Champion Tray, EnviroPAK Corporation, and KEYES Packaging Group.

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Consumers Switching to Automatic Transmission in Developing Countries Open New Opportunities for Automotive Transmission Market

The top three players operating in the global automotive transmission market are Continental AG, ZF Friedrichshafen, and Allison Transmission, observes Transparency Market Research in a new study. These players collectively held a share of 64% in the global market as of 2014. The leading players have consolidated their leading position via strategic alliances and intense research and development activities to develop transmission systems pivoted on fuel efficiency and driving comfort.

“Companies need to keenly focus on developing technologically sound products that deliver high performance,” says the lead author of the report. Products such as ZF’s novel 9-speed automatic transmission are a step in this direction. Such developments along with transmission systems that match up to the international quality standards will be the key strategies adopted by players during the forecast period to tread a progressive trajectory during the forecast period.

Demand for Automatic Transmission in Developing Countries Bolsters Market Growth

Automotive transmission systems are critical components of vehicles, largely determining their fuel efficiency. The escalating fuel prices have propelled the demand for automotive transmission in the recent past as consumers are seeking enhanced solutions to achieve maximum fuel efficiency. Thus, the technological advancements seen in the invention of 9-speed automatic transmission, dual shafts gearboxes (DSG), and continuous variable transmission (CVTs) have collectively fueled the global market in the past decade.

The global market has also been thriving on the integration of automatic transmission in entry-level cars. This trend is being emphasized by vehicle buyers in developing countries such as Mexico, Brazil, and India. Comfort and convenience offered by automatic transmission are augmenting the demand for such vehicles in these countries. Furthermore, growing preference for simpler driving techniques on congested roads is also propelling the demand for automatic transmission market.

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Lack of Awareness about Advanced Transmission Holds Back Market Growth

The global market is being hampered by the lack of awareness about the benefits of advanced transmission technology in the volume markets. Thus, a market such as India is still dominated by manual transmission vehicles, making it difficult for manufacturers to produce and sell advanced transmission at lower prices.

Furthermore, the high cost of technologically advanced transmission systems is also expected to restrain the market during the forecast period. However, the development and emergence of CVT will offer a plethora of opportunities to the global market as these promise maximum fuel efficiency to vehicles.

Passenger Cars to Put Automotive Transmission Market in Top Gear during Forecast Period

According to TMR, the global automotive transmission market will represent an opportunity worth US$181.8 mn by 2021 as compared to US$119.7 mn in 2014. The global market is expected to rise at a CAGR of 5.9% between 2015 and 2021. The passenger car segment will lead the global market due to higher sales of passenger cars across the globe. This segment of the global automotive transmission market will be worth US$81.5 mn by 2021. In terms of geography, Asia Pacific is expected to take the lead with a robust CAGR of 6.6% during the forecast period.

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Automotive Crankshaft Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Transparency Market Research (TMR) has recently published a market study on the global automotive crankshaft market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014.

The expansion of the worldwide automotive crankshaft market depends on the dynamics of the global automotive industry. Currently, the automotive industry is reporting an immense growth in the global arena, which is subsequently driving the global automotive crankshaft market. The huge capital required for R&D activities for the further advancement of crankshaft is, however, creating a severe challenge for the market, as per the report.The report analyzes the global automotive crankshaft market on the basis of the types of crankshafts, materials utilized, and the types of vehicles.

Based on types, the global automotive crankshaft market is classified into the markets for flat plane crankshaft and cross plane crankshaft. The flat plane crankshaft market is leading the overall market at present. Forged steel and cast iron are the primary materials utilized to make automotive crankshaft.The markets for light commercial vehicles, heavy commercial vehicle, sports utility vehicles (SUV), multi utility vehicles (MUV), passenger vehicles, and other vehicles are the major segments of the worldwide automotive crankshaft market on the basis of vehicle types. Among these, the market for passenger vehicles is likely to register the highest growth over the forecast period.

The increasing disposable income among middle-class consumers has led to increasing preference for passenger vehicles, thereby fuelling the demand for automotive crankshaft to a great extent. In addition to this, the global market for automotive crankshaft is projected to experience a significant demand during the forecast period, owing to the escalating demand for diesel cars and heavy commercial vehicles across the globe, the report states.

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North America, Asia Pacific, Europe, and the Rest of the World are the primary regional markets for automotive crankshaft. According to the report, the automotive crankshaft market in Europe led the global market in 2014 and was closely followed by the market in North America. High disposable income has raised the purchasing power of consumer in these regions, which has triggered the demand for automobiles and eventually, the demand for automotive crankshaft significantly.

Analysts expect these regional markets to exhibit a stable growth throughout the forecast period. It is, however, the automotive crankshaft market in Asia Pacific, which is likely to witness the highest growth in the coming years owing to the rapid rise in the automotive industry fueled by the increased affluence of consumers in this region.The growth in vehicle production in Rest of the World is also projected to support the automotive crankshaft market during the forecast period, notes the study.Bharat Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI Crankshaft, Cigueñales Sanz SL, Bryant Racing, Maschinenfabrik ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft are the key players functioning is the global automotive crankshaft market, states the market report.

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