Air Cushion Packaging Market – New Investments Expected to boost the Demand by 2024

Air cushion is a packaging material made up of polyethylene and widely used for packaging of variety of products such as electronics, pharmaceuticals, automobile components and consumer products among others. It is a dual material tailor made solution for corrugated box and plastic film bag which filled with an air. It offers quick packaging and ensure high degree of protection of good from all surfaces. It is a light weight material and offers high flexibility to pack different products in the same format, and reduce the requirement of additional fitments and loose fit.

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It is economical and eliminates conventional bubble transportation, handling and storage cost. Air cushion does not lose its cushioning properties, this is mainly because the film allow air to transfer within cell providing excellent cushioning and protection. It is an ideal replacement for traditional bubble wrap, foam-in-place and paper packaging. It is referred as sustainable packaging solution, as it contain an additives accelerating biodegradation in environment.

Air Cushion Packaging Market: Market Dynamics

Evolving consumer lifestyle and increasing per capita income is driving the demand for consumer products in developed as well as developing economies. Owing to value added applications of air cushion packaging from protection of goods to its safe distribution and transportation, it is expected to see new investments in its market, especially in developing countries. Global air cushion packaging market is estimated to witness robust growth due rapid growth of the e-commerce industry. Established e-commerce companies use automated packaging machines to deploy air cushions as a void fill material, while small companies use air cushions as protective mailers as they are cheaper and light weight than rigid boxes.

Environmental concerns in packaging is a key factor driving the growth of the air cushions market especially when goods are to be delivered directly to consumers. For example, foam filled packaging is replaced by air cushions since foam is harmful to the environment. Moreover, the cost effectiveness of air cushions due to less packaging weight is another major factor augment the growth of the global air cushion packaging market. However, use of alternate packaging material such as paper packaging products, textile packaging products and traditional foam packaging products are still used which is still a restrain for the global air cushion market. Additionally, the sustainability of air cushion packaging market is highly dependent on raw material supply and role of local players.

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Overwrap Packaging Market – Flourishing Business That is Giving Huge Returns

The global overwrap packaging market continues to hold a prominent in position in the packaging sector, with a constant rise in application areas and rapid pace of introduction of packaging materials and technologies that make the packaging more beneficial for a number of specialized packaging purposes. Vast benefits of the packaging method, ranging from a massive reduction in the overall cost of packaging products in bulk, as the amount of film required for overwraps costs significantly less than complete cardboard outer or cartons, and the possibility of on-pack promotion are driving the market.

Another highly beneficial factor that works in favor of overwrap is the minimal possibility of tampering with it. Intactness of the overwrapping film makes it evident that the product has not been contaminated since leaving the source factory. This test comes in handy to check contamination of food and beverages and pharmaceutical products. To mitigate the chances of contamination, several pharmaceutical products, which were traditionally sold in over the counter blister carton packs are being overwrapped in a number of countries.

The fact that overwrapping, unlike some packaging technologies such as shrink-wrapping, does not require excessive film for wrapping, is acting in favor of the technology as environmentalists continue to look for ways of adopting packaging technologies that produce the least amount of non-biodegradable waste. All these factors are expected to provide vast growth opportunities to the global overwrap packaging market in the next few years.

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Packaging, over the past decade, surfaced as a necessity of a typical product launch strategy. Packaging is the need of all industries, which translated into the mushrooming of over thousand companies associated with packaging, including from raw material supplies to processing and from designing to printing. Packaging industry witnessed large scale technology adoption regarding films, equipment and packaging methods. Moreover, demand for elementary packaging remained intact. Overwrap packaging is one of such solution, which allows bundled wrapping of products. This form of packaging is largely used in packaging consumer products such as water bottles, tissue paper, fruits and vegetables and gift wrapping, etc. On the backdrop of growth in FMCG products, the demand for overwrap packaging also surged up and is projected to remain impressive in near future.

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Smart Toys Market – Internet of Toys to Drive Market

According to a new market report titled “Smart Toys Market” published by Transparency Market Research, the smart toys market (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is projected to reach US$ 69,932.5 Mn by 2026 driven by increased popularity of the concept of internet of toys. The market is projected to expand at a CAGR of 36.4% during the forecast period from 2018 to 2026. Growth of the market is attributed to rise in demand for high technology toys and games which could help in children’s education and learning. North America is anticipated to lead the smart toys market, followed by Europe and Asia Pacific, during the forecast period. The smart toys market is at an emerging stage and is anticipated to expand rapidly in the next few years.

Internet of toys refers to a future where toys not only relate to children but are wirelessly connected to each other. Existing toy companies and start-ups are eagerly innovating in this area, as this could become the largest market for them with increasing number of customers. This could also help in the development of science, technology, engineering and mathematics (STEM) skills of students.

Many countries are willing to adopt strategies to make their students learn with the help of interactive games and toys. For instance, one of the challenges in Australia is that the demand for workers with STEM skills is increasing, but the performance and engagement of students in science and math is falling. Internet of toys could help science teachers through real astronomy research practices in collaboration with scientist mentors as part of professional development of the students.

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Internet of toys as a driver accounts for medium impact on this market, as it is an ongoing process and would take some time due to the large investments and R&D involved.

Smart Toys Market: Scope of the Report

The smart toys market has been segmented based on toy type, interfacing device, technology, distribution channel, and age group. Within the toy type segment, app-enabled toys are expected to dominate the global market in 2018. App-enabled toys are one of the most popular segments that have contributed largely to the growth of the market.

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NEV Taxi Market – Investment Opportunities For Startups and Investors

NEV taxis are new energy vehicles that are used as taxis. NEV taxis reduce air pollution, require low maintenance, and generate low running cost, as compared to other conventional petrol or diesel taxis running on the streets of urban cities and towns. NEV taxis include electric vehicles, which include battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. NEV taxis, or cabs, are eco-friendly, meet stringent emission norms, offer smooth ride, socially acceptable, less noisy, and cost-effective.

Rapid increase in air pollution levels, which are harmful to the environment and human health, has prompted global and state governing bodies to design and develop environment-friendly technology and vehicles. This has led to rapid development and implementation of electric vehicles for both personal and commercial operations, as they are considered the best possible alternative for the environment.

Studies and surveys on road transportation indicate that road transportation pollution has started to decrease in those regions where the rate of adoption of NEVs has been high. This is a major factor that is anticipated to propel the NEV taxi market during the forecast period. Additionally, higher price of fuel leads to higher travelling cost in a taxi, which hampers the demand for taxi, as compared to other public transportation; however, introduction of NEV taxis leads to a reduction in running and travelling cost. This, in turn, is anticipated to drive the demand for NEV taxi service.

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This is projected to increase and influence the demand for both taxi owner-driver and passenger to opt for NEV taxi or cab, thereby boosting the NEV taxi market during the forecast period. Rise in number of electric vehicle charging stations to meet the demand for NEV charging is also projected to boost the NEV taxi market. Furthermore, stringent and stern emission regulations coupled with tax incentives and subsidies on purchase of NEVs is expected to drive the market in the near future. Moreover, surge in awareness about adoption of green mobility, which is considered as the future of mobility, or tomorrow’s mobility, owing to limited availability of fossil fuel and decrease in dependency on these fuels by auto manufacturers, is also projected to drive the NEV taxi market during the forecast period.

NEV taxis are still quite expensive, despite tax credits and exemptions by governing bodies. Additionally, limited availability of charging infrastructure in majority of urban cities around the world is likely to restrain the demand for NEV taxis, thereby hamper the NEV taxi market during the forecast period.

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Automotive Lubricant Market Expected to Surpass US$ 120 Bn, Globally, by 2026: Transparency Market Research

Transparency Market Research has published a new report titled, “Automotive Lubricant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive lubricant market is anticipated to surpass US$ 120 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Increased number of on-road vehicles, globally, is driving the automotive lubricant market. Average age of vehicles has increased with more number of people preferring to retain their vehicle. Consequently, an increased number of ageing vehicles on the road need maintenance, thereby driving the demand for automotive lubricant.

Demand for lower viscosity oils has increased due to their ability to improve engine performance and fuel economy. OEMs are recommending lower viscosity lubricants and shifting the OEM and aftermarket demand toward better quality synthetic /semi-synthetic oils. Consumers are becoming more aware about maintenance of their vehicle’s health. Synthetic/Semi-synthetic oils are expensive but have longer drain interval time and hence, adoption of these oils is a win-win situation for both manufacturers and consumers.

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Therefore, the market is moving toward higher value lubricants. API or API-equivalent standards are followed globally in order to curb rising emission and maintain minimum performance of lubricants. Rising performance requirements are prompting OEMs to seek better quality lubricants, which in turn is boosting the automotive lubricant market.

Vehicle users in North America and Europe prefer automatic transmission, which contributes to the high demand for automatic transmission fluid (ATF) in these regions. Asia Pacific is witnessing a technology shift from manual to automatic transmission, owing to the rising demand for continuously variable transmission and dual clutch transmission. This is expected to drive the demand for ATF in the region.

In terms of sales channel, the aftermarket segment is expected to dominate the global automotive lubricant market. Automotive lubricants require periodic replacement and hence, the demand for lubricants in the aftermarket is high. OEMs have different lubricant specifications in different countries. However, OEMs are converging to maintain same portfolio across the global market in order to simplify marketing and distribution.

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Agricultural Tractors Market – Flourishing Business That is Giving Huge Returns

The global agricultural tractors market is projected to expand at a CAGR of more than 4% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Middle East & Africa is likely to witness rapid increase in demand for agricultural tractors from countries in Africa, owing to the more fertile land near the valley of Nile and other rivers. Moreover, farmers from Africa are adopting automation in agriculture, which leads to increase in demand for agricultural tractors. Consequently, the market in the region is anticipated to expand at a CAGR of 5% during the forecast period.

The agriculture tractor is an engineering automobile precisely designed and fabricated to convey a high torque at slower speeds. Furthermore, it is employed to carry machinery or a trailer that are utilized in agriculture applications.

Increasing demand from consumers for food products and expansion of the farming industry in some regions are likely to boost the agricultural tractors market. Accordingly to the VDMA Economic Report 2015, automation in the agriculture industry in China increased from 34% in 2004 to 61% in 2014. Enhanced quality, decrease in production time, and cost-effectiveness are key factors driving the agricultural tractors market. More than 70% of global production of agricultural tractors takes place in China and India, which propels the market share held by Asia Pacific to about 80% of the global agricultural tractor market.

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Agricultural tractors having power output between 31 HP to 100 HP accounted for a larger share of the market for 2017. In terms of power output of tractors, 31 HP to 100 HP is anticipated to be a leading segment of the tractors market, owing to adequate efficiency and high demand among farmers. Tractors with power output between 31 HP to 100 HP are highly versatile and can be utilized for cultivation of maximum number of crops.

In terms of the drive type integrated in tractors, four-wheel drive (4WD) is a highly attractive segment of the market. Depending on the various systems designed or used, 4WD can provide significant forward traction during acceleration. It is especially helpful to carry out agricultural processes while driving on moderate off-road terrain. 4WD tractors are useful while driving through mud, sand, and other loose surfaces.

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Air Powered Vehicle Market Estimated to Surpass US$ 0.9 Bn, Globally, by 2026: Transparency Market Research

Transparency Market Research has released a new market report titled “Air Powered Vehicle Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global air powered vehicle market is anticipated to expand at a CAGR of about 70% during the forecast period.

Air powered vehicle is a pollution-free vehicle that is powered by a compressed air engine. The air powered vehicle consists of compressed air tanks that hold compressed air and deliver the air at appropriate pressure, thereby providing power source to the vehicle. The air powered vehicle is pollution-free, economical, lightweight, easy to maintain, and has low operating cost.

The global air powered vehicle is a technological development that contains high energy input, efficient released energy, controlled emission, and storage & fueling, and temperature. Major companies such as Motor Development International and Tata Motors have already developed and launched air powered vehicles. Furthermore, demand for air powered vehicles is projected to increase rapidly owing to the numerous benefits offered by the vehicle, such as zero emission, high energy density, high comfort, and improved technology and engineering dynamics. Increase in government support for environmental-friendly vehicles is projected to boost the air powered vehicle market during the forecast period. However, pure air powered vehicles have relatively low top speed, which is projected to hamper the market during the forecast period.

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Based on energy mode, the single energy mode segment is projected to hold a prominent share of the market and expand at a CAGR of 66.81 % during the forecast period. This high growth rate of the segment is primarily due to regulations imposed on the transportation industry in order to curtail carbon emission. This, in turn is estimated to boost demand for air powered vehicles significantly during the forecast period. Surge in awareness to opt for environment-friendly vehicles is a prime factor that is likely to boost the air powered vehicle market during the forecast period.

In terms of vehicle type, the passenger vehicle segment leads the air powered vehicle market. Rise in demand from consumers for low emission vehicles, owing to emission regulations and policies, is a major factor that projected to fuel the air powered vehicle market during the forecast period. The segment is likely to hold more than 89% share of the market by the end of 2020. Additionally, technological advancements, pollution-free vehicle, relative low cost of the air powered vehicle are projected to attract passenger vehicle users to opt for this vehicle. This, in turn, is anticipated to drive the air powered vehicle market during the forecast period.

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