Intelligent Building Management Systems Market | IoT based Smart Building Solutions

Intelligent building management systems (IBMS) are used to manage the technology involved in modern buildings. Building management systems are further developed with the help of Internet and related IT infrastructure to create IBMS. All the management systems installed in a building are integrated in the IBMS with help of Internet protocol (IP) network. It helps in reducing the energy consumption rate and carbon footprint for the building. Automation helps in maintaining the sound infrastructure of the buildings and comply with the rules and regulations developed by government for building security. Operating costs are reduced with the help of IBMS as all the tasks related to maintenance are performed as per the schedule without any need of inspection.

Intelligent Building Management Systems Market: Key Drivers

Rapidly increasing construction sector is the main driver of the IBMS market. With the growing population, requirements for sound infrastructure are also rising. Also, buildings constructed nowadays are incorporating technology to improve the lifestyle of society. This rising adoption of technology in the buildings has increased the demand for IBMS. As new and innovative management solutions are being deployed in the buildings to manage technical applications. A single front-end interface is provided in the IBMS through which all the subsystems are managed.

It helps in increasing the efficiency of the whole building by reducing the errors and failures. Further, rules and regulations related to building safety has increased the demand for IBMS. All the buildings must comply with the safety standards established by the government. IBMS has different modules to deal with situations such as fire and flood. With the help of alarm systems residents are informed about the situation so that they can take evasive actions to protect themselves.

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Moreover, changing customer mindset helps to boost the awareness about innovative technological solutions related to building management. Consumers are aware about the latest developments related to building safety and are demanding for it. Power-line communications provide tremendous growth opportunities for the IBMS market. It assists power-line communication technology by improving the low speed and high speed networking operations. However, lack of awareness about the IBMS and incompatibility of devices involved in the IBMS with the present systems are restraining the growth of IBMS market.

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Shrink Wrap Packaging Systems Market Adopts Innovation to Stay Competitive, 2018 – 2024

Many of the products in today’s era require different style of packaging that must be flexible and even attractive. Shrink wrap packaging is an ideal solution for packing uneven shape objects with flexibility and ease. Shrink wrap is a process under which the product to be packed is covered with a shrink film, which is then heated so that it shrinks on the product. The shrink film is a polymer plastic film made of PVC, polyethylene, polypropylene, or polyolefin. Mostly Polyolefin with different thickness, strength, clarities, and shrink ratios is used as a shrink film.

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The film is heated with the help of a handheld gun, or the product along with the film is passed through the heating tunnel on a conveyor. Shrink wrap packaging serves the purpose of keeping the product stable and clean, and also helps make it tamper resistant. Shrink wrap packaging is used as an overwrap on boxes, cartons, pallet loads, and beverage cans. It is also used as a primary covering in many food items such as meats, cheese, plants, and vegetables. There are various shrink wrap packaging systems available in the market, which are equipped with different technologies such as sleeve wrappers, side sealers, shrink tunnels, and L-sealers.

The ever expanding food industry and the safety concerns related to products during their transit are factors expected to bolster growth of the shrink wrap packaging systems market over the forecast period. Over the years, there has been a modest rise in application of shrink wrap packaging in industrial equipment. Thus, surge in industrialization in turn is expected to contribute towards growth of the shrink wrap packaging systems market over the forecast period. Shrink wrap is also used to wrap roofs after any natural disaster, such as earthquakes, hurricanes, tornadoes, which is a major beneficial feature that is expected to propel growth of the shrink wrap packaging system market in the near future.

However, there are other substitutes available for shrink wrap packaging, such as vacuum packaging, which are equally reliable and effective; this may hamper growth of the shrink wrap packaging systems market over the forecast period. Also, the shrink wrap packaging process is risky, and the person handling the system needs to be cautious as the shrinking involves heating the material up to a high temperature, a factor which again could slowdown growth of the shrink wrap packaging systems market over the forecast period.

Increasing consumer concerns over healthy and hygienic food are expected to create major growth opportunities for players operating in the global shrink wrap packaging systems market over the forecast period. Also, the food industry experts are trying to differentiate their products from their competitors by providing a robust and unitized packing format in the form of shrink wrap packaging. Due to the flexibility and easy handling features of the shrink wrap packaged products, shrink wrap packaging has become a preferred consumer choice in the global packaging industry. The global shrink wrap packaging system market is anticipated to expand at a single digit CAGR over the forecast period.

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Waterproof Bags Market Set For Robust Growth By 2024

To protect the electronic devices and gadgets from water, sand, and other potential hazards there is a need for a waterproof bag. Waterproof bags are made up of synthetic and natural fabrics, which are coated or laminated with waterproofing materials such as silicone elastomer, polyurethane, polyvinylchloride, rubber, and wax. Depending upon the waterproofing principle, there are different types of waterproof bags available in the market, such as DryCase Tablet and TrendyDigital Waterproof Case. In these bags, there is a vacuum seal from which air is pumped out once it is sealed, in order to avoid sand and water from reaching the device inside it. Waterproof bags market has been expanding at a significant growth rate over the last two decades. These bags find applications in the defense, marine, trekking, and electronics industries. They are mostly used by travellers to protect their mobiles and cameras from sand, water, etc.

The increasing market of gadgets and devices is leading to the rise in demand for their protective covers and bags, thereby boosting growth of the global waterproof bags market. The increasing interest of people in water sports, such as river rafting, is aligning them to use waterproof bags for their devices, a factor which is further contributing to the growth of the global waterproof bags market currently. Waterproof bags are affordable and, these days, are easily available in different sizes and shapes depending on the device requirement. Also, the light weight and portable nature of these bags is making them more and more popular among the users, thereby driving their market growth globally. Waterproof bags are made up of plastic, rubber, or its derivatives, and these materials are not environment friendly. Also, these materials cannot be decomposed easily, thus creating environmental concerns among the consumers. This factor could hamper growth of the global waterproof bags market over the forecast period.

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Its affordable cost and the flexibility that it offers are the two major factors expected to create various growth opportunities for the global waterproof bags market over the forecast period. Growing applications of waterproof bags, such as for canoeing and kayaking, are also making it more popular among consumers. The new versions of waterproof bags, such as Hefty Slider bag, Lavod waterproof bag, and Seattle Sports waterproof bag are marking new uses of these bags. An excellent growth potential is projected for the waterproof bags market in the future, and the market is expected to expand at a modest CAGR over the forecast period. The global waterproof bags market has witnessed significant growth in developed regions until now and, in the coming years, is anticipated to grow at steady pace in the developing nations as well.

The global waterproof bags market is segmented on the basis of materials used, application, and end- use industries. On the basis of materials used, the global waterproof bags is segmented into silicone elastomers, polyurethane, Polyvinylchloride (PVC), rubber, and wax. By application, the global waterproof bags is segmented into packing products, river rafting, laptop bags, school bags, trekking, mobile bags, camera bags, and others. By end-use industry, the global waterproof bags is segmented into marine, defense, packaging, electronics, and others.

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Inkjet Coders Market Is Set For A Rapid Growth By 2024

The inkjet technology is a reliable and cost-effective method used to mark and code a whole range of products. Inkjet coders are most commonly used in the packaging industry to differentiate products. These are a non-contact printing coders that can generate dates and batch numbers, and time any information to a variety of packaging products including containers, cartons labels, etc. Inkjet coders are used in industries, such as food and beverages, automotive, personal care products, pharmaceuticals, and electronics, for marking purpose.

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The inkjet coders cost less but have higher maintenance cost, whereas laser coders have high cost and low maintenance cost. Inkjet coders are cost effective and are recommended for economical color printing. The substitute for inkjet coder is laser coder. Inkjet coders comprise different chambers containing different colors of ink. Recently, Videojet Technologies Inc., a manufacturer of coding, marking, and printing products, launched six new inks for larger inkjet printers. Making an innovation in coding solution, Hitachi America, Ltd. recently developed its latest generation of continuous ink jet printers, the UX Series.

Drop on Demand (DOD), Continuous Inkjet (CIJ) and Thermal Inkjet (TIJ) are the three types of ink-jet technologies used in the packaging industry for coding applications. The drop on demand technology uses aqueous or UV curable inks to print on a wide range of products; it has a number of chambers which contains ink. Continuous ink jet is a non-contact coding and durable method. The small characters of CIJ coders generate expiry dates, lot codes, graphics, and bar codes on a variety of primary packaging and the large character of CIJ coders generate same for secondary packaging, i.e. for cartons, etc.

Thermal ink jet coders make use of print cartridges. They contain a series of small electrically heated chambers, which can be controlled by a flex-circuit, and involve high speed coding for serialized data. (TIJ) technology is usually for generating high-quality graphics and high-grade two-dimensional ‘symbologies’ such as DataMatrix codes. Generally, industries such as pharmaceuticals, tobacco, health, and beauty make use of TIJ coders.

The global inkjet coder market is segmented based on product technology, end user, and geography. By product technology, the global inkjet coder market is segmented into Drop on Demand (DOD), Continuous Inkjet (CIJ), and Thermal Inkjet (TIJ). By end user, the global inkjet coder market is categorized on the basis of different industries, including food and beverages, cosmetics, personal and home care, pharmaceuticals and medical devices, tobacco, automotive and aerospace, building materials, chemicals, commercial printing and addressing, electrical components and electronics, and wire, cable and pipe.

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Specialty Paper Market Set For Robust Growth By 2024

The specialty paper market has risen spectacularly in recent years following the rapid adoption of packaging mechanisms and home delivery facilities in a number of sectors. Growth of the consumer goods sector has been the prime driver for the specialty paper market, as packaging and labeling applications account for close to 40% of the global specialty paper market and are likely to remain the leading revenue generator for the market in the coming years. The booming demand for consumerism channels is thus likely to remain the key driver for the specialty paper market.

The rising online shopping sector in emerging as well as developed economies is a key driver for the global specialty paper market. The convenience of shopping online has led to a consistent rise in user figures for ecommerce portals, which has led to a corresponding rise in the demand for packaging materials and other materials required to transport and store the products. The specialty paper market has been a key beneficiary of these developments, as it has widespread utility in several parts of the online shopping sector.

Regionally, Europe is likely to exhibit the leading share in the global specialty paper market in the coming years. The steady presence of paper processing framework in the region is a key driver for the Europe specialty paper market, while the steady rise in the use of online shopping channels in the developed and affluent region is also a consistent contributor to the global specialty paper market. Besides Europe, Asia Pacific is also likely to contribute significantly to the global specialty paper market in the coming years due to the increasingly prosperous economic growth in several countries in the region.

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Specialty paper is used to transport and safeguard a wide range of merchandise. High demand from the end use industry, such as packaging and labelling, is anticipated to drive growth of the specialty paper market over the forecast period. The specialty paper market constituted almost 6% of the global specialty paper and paperboard market in terms of volume in 2014. Europe was the leading exporter of specialty papers in 2014. Rapid increase in consumerism, in turn, is projected to drive demand for specialty papers in the developing countries. The convenience offered by customizable specialty paper products, coupled with their beneficial properties, is also among the major factors anticipated to drive growth of the specialty paper market over the forecast period. Thus, in view of all the above driving factors, the global specialty paper market is expected to witness high growth over the forecast period.

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Ambient Food Packaging Market Is Set For A Rapid Growth By 2024

Ambient food packaging refers to packing a food product in pasteurised and sterilized packs to increase its shelf life. Ambient food packing has become a trend in the food packaging industry and ambient food products are preferred by majority of the consumers over others. Increasing demand for having more empty space in chill cabinets calls for the adoption of the food packaging methods that can offer a better shelf life to the product even without a refrigerator. Demand for sustainable packaging material has become a new trend in the ambient food packaging industry.

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Ambient food packaging bestows extended shelf life to the food product as compared to the usual packaging methods and, thus, enables storing the product at room temperature. Additionally, it also makes use of high barrier sheets, which assure that certain important aspects related to food storage, such as safety of food stored inside, consumer convenience, and attractive design, are taken care of. All these supporting factors have led to the increased demand for ambient food packaging among food manufacturers globally.

The ambient food packaging market can be classified on the basis of types of containers used, on the basis of food, and by packaging material. On the basis of containers used, the ambient food packaging is segmented into tray, pots, lids, cups, and bowls. On the basis of food, the ambient food packaging market is segmented into ready meals, baby foods, soups and sauces, seafood, fruits and vegetables, coffee, and pet food.

On the supply side, major players in the market have started offering services, such as blow moulding, injection moulding, and thermoforming, which has been leading to the additional demand for the packaging type.

Main market for ambient food packaging lies in Asia Pacific, as demand for packaged food is increasing along with the growing population and rising disposable income levels of consumers in the region. The Asia Pacific market is anticipated to be followed by North America and Western Europe, as these markets account for the largest share of canned foods consumption across the globe. The Western Europe market is expected to be followed by South America, Eastern Europe, and Middle East & Africa markets. However, the global ambient food packaging market is still expected to be dominated by the emerging economies.

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Sleeve Label Market New Growth Opportunities By 2024

The growing number of choices available for the customers for choosing products indirectly causing manufacturers difficulty in differentiating the product with competitors. Hence packaging especially sleeve labels play prominent role in product visibility. It also helps in improving the aesthetic appearance of product. This is primarily beneficial to the manufactures who want their products to be easily recognizable and attractive. The changing consumer habits and growing inclination towards packaged goods is estimated to be the key reason for the growth of global sleeve label packaging. The wide application sector such food and beverages, pharmaceutical, cosmetics, home care and personal care products and increasing product categories within the mentioned application sector are the factors which are estimated to affect the growth of the global sleeve label market.

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The major driver for the global sleeve label market is the growing demand for packaged food and beverages and rapidly increasing number of products in the packaged food segments. Growing inclination of consumers towards packaged foods and beverages is estimated to benefit the global sleeve label market. Another major driver for the global sleeve label market is the growing cosmetic and personal care industry. The desire for better personality and physical appearance are the major factors in the growth of the cosmetic and personal care market which is anticipated to drive the global sleeve label market. Pharmaceutical is also an important growth contributor in the global sleeve label market.

The advantage such as better brand identity, improved product visual presence and superior marketing opportunity is estimated to drive the global sleeve label market. On the other hand global sleeve label market is becoming fragmented which is estimated to push the global sleeve label industry to operate under tough competition.

The opportunity for the global sleeve label market lies in providing innovative solution for the manufactures. The sleeve market is estimated to have huge opportunities in producing recyclable products with low cost structure. The sleeve label market is estimated to have vast opportunity in digital sleeve labels.

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