Expanding Electronics Industry is Expected to Fuel the Data Erasure Solutions Market

According to a new market report titled Data Erasure Solutions Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026, published by Transparency Market Research , the global data erasure solutions market is expected to reach US$ 5,245.3 Mn by 2026, expanding at a CAGR of 19.6% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors.

North America is anticipated to continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of above 18.9% during the forecast period. Technical advancements, increased digitization, and presence of a large number of data erasure software and services providers are anticipated to drive the data erasure solutions market in North America.

Rising Significance of the ITAD Industry and Increasing Use of Cloud Infrastructure across the World Driving the Global Data Erasure Solutions Market

Increasing adoption of cloud infrastructure in different organizations and expansion of the electronics industry is expected to boost the data erasure solutions market in the coming years. Moreover, increasing threat of data loss from old assets such as PCs, mobile devices, servers and many others has offered data erasure solutions manufacturers an opportunity to develop certified data erasure solutions in order to minimize the risk of data leakage. Presence of large number of data erasure solutions providers and post-sale service providers across regions has led to a subsequent rise in demand for data erasure solutions. This is likely to propel the growth of the market during the forecast period.

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In terms of data erasure solutions, both North America and Europe are mature regions of the market, owing to high awareness about data erasure solutions among users and technological developments. However, the market in Asia Pacific is estimated to expand at a robust pace during the forecast period. Rise in penetration of technology as well as significant investments in the optimal utilization of data erasure solutions across countries such as the U.S., U.K., Germany, France, China, India, and Brazil are anticipated to offer lucrative opportunities for data erasure solutions providers in the near future.

Data Erasure Solutions Market: Scope of the Report

Based on component, the global data erasure solutions markethas been segmented into software and services. The software segment held a significant market share and is anticipated to remain dominant over the forecast period in terms of revenue. The software segment has been further divided into on-premise and cloud. The on-premise based sub-segment accounted for a prominent market share globally, followed by the cloud sub-segment, in terms of revenue. On the other hand, services segment is categorized into professional services and managed services. The professional service sub-segment is expected to occupy leading market share over the forecast periodas it manages the entire lifecycle of the solution.

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Demand for Sterile Medical Packaging Market Continue to Grow At a Rapid Pace

Thermoformed Trays segment by product type is anticipated to be the highest contributing segment to the global sterile medical packaging market, during the forecast period, 2018-2026. Globally, the revenue generated from sales of sterile medical packaging products is estimated to be nearly US$ 8,771.4 Mn in 2018, and is projected to expand at a CAGR of 4.7% during forecast period 2018-2026.

Medical institutions and hospitals are depend on pharmaceuticals and medical devices to maintain health, and to continue this tendency, all these products must have extremely sterile packaging. In case of medical and pharmaceutical sector, sterile packaging is specifically important. Products such as medical devices, equipment, disposable supplies, and other containers are to be processed in facilities that are free of harmful particles and viruses to create products that meet all the packaging validations and produce sterilize barrier system.

Sterile medical packaging market is growing on the backdrop of rising packaging validations for medical packaging devices. Packaging manufacturers are developing various product designs for medical products that must stick to strict sterility. Generally, thermoformed trays, clamshells and are the most common packaging types.

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The global sterile medical packaging market has witnessed significant growth over the past few decades, due to increase in demand of safe packaging for medical products. The global sterile medical packaging market has been segmented into product type, material type, application and region. By material type, plastic segment is projected to register a CAGR of 4.3%, in terms of value, during the forecast period. However, by application, medical disposable supplies segment is expected to expand by a CAGR of 4.6% by the end of 2026.

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Global Bra Market Expected to Reach US$ 34,914.7 Mn by 2026

According to a new market report published by Transparency Market Research titled “Bra Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018– 2026,” the global bra market was valued at US$ 24,582.4 Mn in 2017 and is expected to reach US$ 34,914.7 Mn in terms of revenue by 2026, growing at a CAGR of 4.1% from 2018 to 2026.

The demand for bra has grown tremendously in recent years. Padded bra type has the highest demand in the bra market. Availability of bras in different types, colors, and pattern will drive the bra market globally. Women from all backgrounds want to try out the latest trends in the bra market. Most companies have exclusive stores in shopping malls or outlet stores.

The demand for non-padded bra is expected to grow during the forecast period. Padded bra segment held the largest market share of more than 71.7% in 2017. In the padded bra type, demand for sports bra has grown over the past few years and the trend is expected to continue during the forecast period. Europe and North America are expected to drive the demand for non-padded bra over the forecast period. The market for non-padded bra is expected to grow at a healthy rate in the Asia Pacific region.

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Based on product type, the global bra market has been segmented into padded bra and non-padded bra. Padded bra is the most common and preferred type of bra among women across the world. Padded bra has a thin layer of foam or fabric between the two layers of fabric outside the cup and inside the cup while non-padded bra has just a single layer of fabric. Under the padded bra segment, sports bra holds the major share and is expected to maintain its position over the forecast period. Higher standard of living is a key factor which is expected to accelerate the padded bra market during the forecast period.

Geographically, in terms of revenue, Europe held the largest share in the bra market in 2017. followed by North America. In North America, the US. is the highest revenue generating country in the bra market. Although Europe holds the largest market share, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period. In Asia Pacific, India and China have the highest growth rate as compared to other countries. The market in MEA and South America are expected to witness slow growth as compared to the other regions of the world.

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Functional Apparel Market is to be worth US$ 596.4 Bn by 2026

According to a new market report published by Transparency Market Research titled “Functional Apparel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global functional apparel market is expected to reach US$ 596.4 Bn by 2026, expanding at a CAGR of 6.0% from 2018 to 2026. Asia Pacific held the dominant share in the functional apparel market in 2017.

All apparel is known to perform multiple functions – from aesthetics to basic protection from the elements. ‘Functional apparel’ can therefore be defined as a generic term that includes all types of apparel or assemblies that are specifically engineered to deliver a pre-defined performance or functionality to the user, over and above its normal functions. Functional apparel is defined as apparel specifically designed and engineered to ensure predefined performance requirements and functionality for the user. This includes protection under harsh environmental conditions during work or sporting activities and protection against extreme hazards and environments.

In the last two decades, the apparel industry has evolved in terms of manufacturing and retailing. Global value chains in the apparel industry have been motivated by the search for cost advantages. The relocation of manufacturing from the U.S and the EU to other countries where labor is less costly is a phenomenon observed since the 1970s.

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Apparel retailing is also evolving due to the emergence of new markets, e.g. Brazil, Russia, India, and China and the employment of new techniques to attract consumers. In emerging markets like Brazil, the evolution and relocation of the apparel industry has contributed to the establishment of sophisticated manufacturing clusters and to the rise of big box retailers.

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Global Fruit Packaging Market is Expected to Witness Healthy Growth in the Near Future

The global fruit processing industry has witnessed various technological advancements in the past few years. Advanced packaging products such as self-venting microwave packs and respiring trays are finding increasing application in the global fruit packaging market.

The packaging of fresh fruits is one of the important procedure in the long run journey from the cultivator to the consumer, which in turn plays a pivotal role in creating value added eco-friendly service. Containers such as crates, bags, cartons, hampers are convenient for transporting, handling and supplying fresh produce. Henceforth, different types of packages have been manufactured globally, and it will grow on the back drop of new packaging materials. Moreover, the manufacturers are more focused on reducing the cost of the materials by introducing container standardization.

In the current scenario, the trend has moved towards a broad range of size of the packages, to provide the diverse necessity to the vendors and consumers of packaged fruit. Packaging materials utilized in the packaging of fruits plays a vital role in the packaging industry. Therefore it is essential that shippers, buyers and consumers have a clear approach to the broad range of packaging options available. Moreover, packaging has become an essential part of the global economy, not only for the preservation for extending shelf life but also to cater high-value graphics to the products.

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Intake of fruits has been popularized among the consumers to counteract different types of diseases such as chronic diseases including cancers. Nowadays, consumers are more concerned towards the nutritional aspects to attain good health. Furthermore, fresh cut fruits are more prone to spoilage when they are primarily left open in the air and result in the growth of micro-organisms or enzymes on the surface.

To counter this problem, smart packaging technologies play an essential role to get rid of the problem and hence are expected to be the suitable for packaging of high demand fresh fruits. Hence, the demand for fruit packaging market is significantly increasing and is expected to witness healthy growth in the near future.

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Global Squeezable Tubes Packaging Market Driven by Rising Demand for Small Size Packaging in Diverse Industries

The research study offers a detailed study of the global squeezable tubes packaging marketand throws light on the major aspects of the market that are likely to determine the growth throughout the forecast period. The growth factors, opportunities, and the current trends in the market have been discussed at length in the research report. In addition, the competitive landscape and the key segmentation of the squeezable tubes packaging market have been further provided in the scope of the research study.

Global Squeezable Tubes Packaging Market: Trends

The rising demand for small size packaging in diverse industries, including pharmaceuticals, food and beverages, healthcare and toiletries, and cosmetic and personal care is considered as one of the major factors estimated to encourage the growth of the global squeezable tubes packaging market in the next few years. The increasing number of players operating in the market and their rising focus on innovations and development of new product are further expected to accelerate the growth of the overall market in the coming years. Furthermore, the rising demand for safe and convenient packaging is projected to generate promising growth opportunities for the market players over the near future.

Global Squeezable Tubes Packaging Market: Geography

The global market for squeezable tubes packaging has been classified on the basis of geography into North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Among these regions, Asia Pacific is expected to witness high growth throughout the forecast period and is likely to account for a large share of the global market. The increasing consumer base is one of the major factors expected to encourage the growth of the squeezable tubes packaging market in Asia Pacific.

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In addition to this, the disposable income of consumers and the increasing by companies in distribution and manufacturing sector are predicted to enhance the growth of the market in the next few years. Furthermore, North America and Europe are considered as highly matured markets, owing to the presence of established players. Latin America and the Middle East and Africa are estimated to observe moderate growth throughout the forecast period.

Global Squeezable Tubes Packaging Market: Companies

The leading players operating in the global squeezable tubes packaging market include Amcor Limited, Ampac, Multivac, Dupont, Winpak Limited, Albéa, Huhtamaki, Essel Propack, Constantia Flexibles, and Janco Inc. Some of the other key players in the market are Cores and Tubes, Antilla Propack, CTL Packaging, MPack, VisiPak, KAP CONES, Skypack, 3D Packaging, Sonoco, Montebello Packaging, Tuboplast, Neopac, M&H Plastics, Excel Tubes and Cones, Alltub, and Prutha Packaging.

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Intravenous Product Packaging Market – Key Drivers Supporting Growth through 2024

Global healthcare sector continues to develop at an impressive rate. As a result, packaging marketplace is undergoing huge changes with specialized focus on offering innovative packaging tools/products to pharmaceutical industry. One such core product that offers lucrative market opportunities for packaging companies is intravenous products. Intravenous product such as catheters and IV fluid bags are mainly used to prevent and treat various chronic illness such as cancer and ophthalmic diseases.

Increased sales of intravenous products has boosted overall demand for innovative packaging products. As a result, many packaging companies are trying to capitalize on the intravenous product packaging market. Most packaging companies have done everything from product innovation to that of streamlining their distribution networks to strengthen their market presence in healthcare sector.

Intravenous Product Packaging: Market Dynamics

Growth in demand for intravenous product packaging is expected to remain strong for several reasons. First, chronic illness is proliferating rapidly owing to changing lifestyle and increased geriatrics population. As a result, demand for sterilized intravenous product has increased. This in turn is propelling overall sales of packaging material for intravenous products. Second, many packaging companies has set up direct distribution channel to facilitate easy flow of business and thereby minimize overall run cost.

Rising investment in product innovation, rapidly evolving regulatory compliances, increasing medical supplies market, and focus on distribution network has altogether driven the intravenous product packaging market. Despite the momentum and growth intravenous product packaging industry has witnessed over the past few years, availability of alternative product is a major challenge to overall growth of the industry.

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Intravenous Product Packaging Market: Regional outlook

Intravenous product packaging market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America and Europe are expected to collectively dominate the market throughout the forecast period. However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing unmet needs of intravenous product manufacturers in the region and government support towards boosting manufacturing ecosystem.

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