A Key Driver for the Growth of the Global Reclosable Films Market

According to the latest market report published by Transparency Market Research titled “Reclosable films Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018–2026”, easy peel films segment by peel strength is anticipated to be the highest contributors to the global reclosable films market, over the forecast period, 2018-2026. Globally, the revenue generated from sales of reclosable films has been estimated to be over US$ 130 Mn in 2018, and is projected to expand at a CAGR of 7.8% during forecast period 2018-2026.

The demand for reclosable lidding has led to an increase in demand for reclosable films. Reclosable films are used for packaging of food & beverages, pharmaceuticals, personal care & home care, industrial & other products. Moreover, demand for reclosable films in past few years has increased rapidly, resulting in the consumption of flexible reclosable packaging solutions.

Manufacturers of innovative packaging solutions are catering to the demand of the consumers by providing multi-align closures that offer consumer convenience, easy reclosing and are combining with flexible as well as rigid packaging formats that offer product access with full perimeter reseal ability for products like food & beverages, pharmaceuticals, personal care & home care and others.

The global reclosable films market has witnessed high growth over past few years, due to increase in consumption of flexible lidding. The global reclosable films market has been segmented into material type, peel strength, packaging type, thickness, end use industry and region. By material type, polypropylene (PP) segment is projected to register highest CAGR of 8.4%, in terms of value, during the forecast period. However, by peel strength, easy peel films segment is expected to expand at 1.5x of its current value by the end of 2022. By packaging type, the trays segment is expected to account for the largest share in the global reclosable films market during the forecast period.

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Among geographic market segments, Europe market for reclosable films is anticipated to lead the global reclosable films market and North America reclosable films market is projected to register a CAGR of 8.6%, during the forecast period.

The report provides detailed competitive and company profiles of key participants operating in the global reclosable films market. The companies that have been profiled are - Coveris Holdings S.A., DowDuPont Inc., Korozo Ambalaj Sanayi Ve Ticaret AS, Industria Termoplastica Pavese SpA, AS Estiko Plastar, Stratex Group Limited, Parkside Flexibles (Europe) Limited, TCL Packaging Ltd, Buergofol GmbH, Plastopil Hazorea Company Ltd, Bemis Company, Inc., Berry Global Group, Inc., Sealed Air Corporation, Mitsui Chemicals, Inc., Südpack Verpackungen GmbH + Co. KG, Schur Flexibles Holding GesmbH, Termoplast srl, HFM Packaging, Ltd., Folian GmbH, and Winpak Ltd.

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Smart Classroom Market - Surge in Student Mobility Driving the Market

According to a new market report published by Transparency Market Research, the global smart classroom market was valued at US$ 49,173.1 Mn in 2016 and is expected to expand at a CAGR of 8.5% from 2018 to 2026, reaching US$ 109,660.3 Mn by the end of the forecast period. According to the report, the global smart classroom market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of about 9.0% throughout the forecast period.

The global smart classroom market is majorly driven due to rising student mobility globally, which refers to the rate of students that leave their home countries to pursue education in other countries. This trend is majorly seen in Asia Pacific. According to the Organisation for Economic Cooperation and Development (OECD), more than 5 million students left their home countries in pursuit of higher education in 2015. In 2016, Malaysia had about 172,886 international students studying in higher education institutions, international and private schools, and other language centers. The Government of Malaysia has announced plans to attract about 250,000 international students under its initiative Malaysia Education Blueprint 2015-2025 (Higher Education) by 2025.

The Philippines follows a similar trend. Enrolment of foreign students in the education system in the Philippines has been increasing steadily. According to the Bureau of Immigration statistics, around 7700 international students were studying in the country in 2011. The number increased to 26,000 in 2013, 61,000 in 2014, and to 210,000 in 2016. Rise in inbound mobility is helping economies gauge the right talent to improve economic development. Thus, education institutions are encouraged to adopt smart school solutions to enhance education offerings and attract international students, thus boosting the smart classroom market.

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The smart classroom market is segmented by component, end-use, and industry. By component, the market has been segmented into hardware, software, and services. Based on hardware, the market has been bifurcated into Interactive Whiteboard (IWB), digital display, smart projector, and others. Smart projector segment is further divided into ultra-short throw projectors, short throw projectors, and standard throw projectors. On the basis of software, the global smart classroom market is segmented into learning management software, student response software, classroom management & assessment software, distance learning software, and others. Services segment is further bifurcated into professional services and managed/outsourced services. Based on end-use, the market has been segmented into early education, K-12 education, higher education, language education, and vocational education. Revenue data is estimated for all the above mentioned segments.

In terms of region, North America is expected to have the dominant share in the smart classroom market over the forecast period due to extensive investment done by regional governments and prominent players across the region undertakingtechnological development in the education industry. Europe is the second largest shareholder in the global smart classroom market. Constant rise in number of educational institutes in the region is expected to drive the market. Furthermore, presence of leading players in the region is also one of the factors driving the market in Europe.The market in Asia Pacific is expected to grow with the highest CAGR during the forecast period. This is majorly due to rising number of enrollments in the developing countries of this region. Increasing student enrollments is compelling educational institutes to undertake smart learning solutions to provide better educational facilities, thus driving the smart classroom market in the region.

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Sterile Medical Packaging Market Is Set For A Rapid Growth By 2026

According to the latest market report published by Transparency Market Research titled “Sterile Medical Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018–2026”

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.

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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Among geographic market segments, North America market for sterile medical packaging is anticipated to lead the global sterile medical packaging market. APAC sterile medical packaging market is projected to register the CAGR of 6.5%, during the forecast period.

The report provides detailed competitive and company profiles of key participants operating in the global sterile medical packaging market. The companies that have been profiled are - Amcor Limited, Bemis Company, Inc., BillerudKorsnas AB, E.I. Dupont De Nemours and Company, Placon Co. Inc., ProAmpac LLC, Wipak Group, SteriPack Contract Manufacturing, Nelipak Healthcare Packaging, Deufol Group, Oracle Packaging, Sonoco Plastics Company, Puracon GmbH, GS Medical Packaging Inc., Westfield Medical Limited, Sabre Medical, UFP Technologies Inc., Oliver Healthcare Packaging LLC, Heritage Pioneer Corporate Group, and GY Packaging.

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Rising Consumer Concerns over BPA-based Products Expected to Drive Global BPA Free Cans Market Growth

According to the latest market report published by Transparency Market Research titled ‘BPA free cans Market’: Global Industry Analysis and Forecast 2018-2026’, global BPA free cans market is estimated to be US$ 7,894.3 Mn for 2018 and is expected to grow at a CAGR of 3.9% during the forecast period (2018-2026).

The global BPA free cans market has witnessed solid growth during the past few decades, owing to the growing consumer concern over BPA- based products.

By product type, global BPA free cans market is segmented into 2-Piece, 3-Piece and Monobloc. 2- Piece is expected to create incremental $ opportunity of US$ 1,637.9 Mn, over the forecast period.

Among material type segments, steel segment is expected to dominate the market throughout the forecast period with an estimated market share of 68.2% in 2018 and is expected to reach 68.4%, over the forecast period. Plastic segment is expected to register a CAGR of 4.0%, over the forecast period. Aluminium segment is expected to create incremental $ opportunity of US$ 966.8 Mn, over the forecast period and is anticipated to register a CAGR of 3.8%, during the forecast period.

By Application, the BPA free cans market is segmented into food, beverages, pharmaceuticals and personal care & homecare. Food segment is further sub segmented into fresh fruits & vegetables, meat & seafood, pet food, dairy products, tea & coffee, sauces, dressin, condiments & soups, ready-to-eat food and others. Beverage segment is further sub segmented into Non- Alcoholic beverages and Alcoholic Beverages.

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Non- Alcholic Beverages is further sub segmented carbonated beverages, milk, juices and others. By application segment, food segment is expected to dominate the market US$ 2,532.1 Mn, over the forecast period. Beverage segment is expected to register a CAGR of 3.6%, during the forecast period. Personal care & cosmetics segment is estimated to register a value of US$ 17.6 Mn in 2018 and is expected to reach US$ 21.6 Mn, during the forecast period.

Among geographic market segments, the North America region is anticipated to lead the global BPA free cans market, during the forecast period. North America region is projected to register a CAGR of 3.6%, during the forecast period, by value.

The market players that have been profiled include  global BPA free cans market including Crown Holdings, Inc., Ardagh Group S.A., Ball Corporation, Silgan Containers LLC, CCL Industries Inc., CAN-PACK Group, Toyo Seikan Co. Ltd., Kian Joo Group, CPMC Holdings Limited, HUBER Packaging Group GmbH, The Valspar Corporation, PPG Industries, Inc., DowDupont Inc., Kangnam Jevisco Co., Ltd.

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Point-of-Sale (POS) Terminals Market Expected to Reach US$ 26.04 Billion by 2026

According to a new market report published by Transparency Market Research titled “Point-of-Sale (POS) Terminals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2026,” the global market for POS terminals in terms of revenue was valued at USD 7.99 billion in 2016 and is estimated to expand at a CAGR of 12.5% during the forecast period from 2018 - 2026. The market in terms of volume is expected to reach 26.04 million units by 2026.The growing adoption of mobile POS in retail and hospitality sector has emerged as the most significant growth driver for the POS terminals market. In 2016, North America contributed the largest market revenue share, at over 32% of the overall global market. Further, significant demand for POS terminals from the retail and hospitality sectors is expected to create a lucrative market across Asia Pacific.

Enhanced customer experience and low total cost of ownership (TCO) as compared to conventional channels of payment

In the global POS terminals market, enhanced customer experience and low total cost of ownership (TCO) as compared to conventional channels of payment is expected to drive the market over the forecast period. POS end-users are replacing their traditional fixed POS terminals with advanced mobile and portable POS solutions; this in turn is expected to drive the demand for wireless and mobile POS solutions. Furthermore, introduction and adoption of multimodal payment systems such as cashless and card payment systems are expected to create remarkable market opportunities for players active in the global POS terminal market.

Fixed POS terminals was the largest segment in terms of revenue in 2016 and accounted for over 86% revenue share of the total market due to the early adoption of technology. Adoption of wireless and mobile POS has increased significantly in recent years because of the ease of use, mobility, and lower total cost of ownership as compared to traditional POS terminals.

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Mobile POS terminals see significant demand from small and medium sized businesses due to their affordable initial cost compared to fixed POS terminals and growing preference for tablets and smartphones at workplaces and in business. Retail sector was the largest end-use industry for POS terminals in 2016, holding a share of around 32% of the total market. Growing adoption of advanced payment options by small retailers across the globe is anticipated to drive the growth of the POS terminals market in retail. Healthcare industry is expected to be the fastest growing segment for POS terminals during the forecast period from 2018 to 2026.

Adoption of POS terminals is increasing in the healthcare industry due to the increased spending on healthcare services by various countries which is leading to high growth in healthcare infrastructure including payments and patient data tracking. In the coming years, the growth in adoption of mobile POS in warehouses due to ease of use and mobility is expected to be the major driver for growth in warehouse application. Growing demand from mobile POS terminals and increased emphasis on advanced analytics features are significant factors for the growing demand for software in POS terminals. Multiple operating platforms and applications for mobile POS are available now-a-days leading to the growth in adoption of software in mobile POS.

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The Rising Demand from End-use Sectors is Expected to Fuel the PET Bottles Market

Transparency Market Research delivers crucial insights on the PET bottles market in its published report, titled “PET Bottles Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2027”. In terms of revenue, the global PET bottles market is projected to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

Polyethylene terephthalate (PET) is a widely used plastic across the globe. PET bottles can be manufactured by two types of molding methods, namely - one step and two-step. PET bottles are highly consumed product in the packaging industry owing to the rising demand from food & beverages, personal care & cosmetics, pharmaceuticals, and other end-use sectors. PET bottles find useful applications in various end-use industries. PET bottles are available in various volumes from 100 ml and 200 ml to 2000 ml & above. PET bottles can be custom-made as per the requirement as well.

In the report PET bottles market, TMR suggests that the increasing consumption of beverages such as, carbonated drinks, energy drinks, packaged bottled water, and others across the globe is supposed to be the key driver for the growth of the global PET bottles market. The 500 ml to 1000 ml PET bottles segment is expected to be the most lucrative type as per capacity. PET bottles within this capacity range are easy to use and can be carried comfortably. The 500 ml to 1000 ml capacity segment is expected to account for more than 50% of the total market share in 2018. In terms of neck type, alaska/bericap/obrist account for approximately 50.4% of the total PET bottles market by market value. The TMR study analyses the PET bottles market in several regions and focuses on the key dynamics affecting the market globally. There is a consistently high demand for PET bottles in the market due to their recyclability as compared to other materials. These factors are supposed to drive the growth of the global PET bottles market during the next decade. In terms of end-use industries, the beverages end-use segment is expected to drive the demand for PET bottles. The plastic ban implemented by several governments impede the growth of PET bottles.

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On the basis of consumption of PET bottles, packaged water segment is estimated to overtake the carbonated soft drinks market as the most consumed beverage type. The customers in the developing, as well as developed countries, are switching from carbonated drinks to energy drinks and juices. The volume sales of bottled water have grown at more than 10% in the past few years in the U.S., Germany, and Italy. The carbonated drinks segment has been witnessing a decline in sales for more than ten consecutive years, and beverage companies like PepsiCo, and Dr Pepper Snapple, are eyeing for the opportunities for PET bottles in water bottles segments. Apart from major beverage manufacturers, various local regional industries are engaging in bottled water segment. These factors are supposed to propel the demand for PET bottles during the next decade.

APAC is expected to dominate the global PET bottles market throughout the forecast period owing to the rising consumption of carbonated and other drinks in the region. In the APAC region, countries such as, India and China, are witnessing a rapid rise in industries such as, cosmetics & personal care, beverages, food and others. These industries are premiere consumers of PET bottles across the globe. This factor is supposed to create immense opportunities for the growth of the global PET bottles market in the region.

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Recent Developments & Trends in the Plastic Drums Market

Transparency Market Research delivers key insights on the Plastic Drums Market in its published report, titled “Global Plastic Drums Market: Industry Analysis and Opportunity Assessment, 2018–2027”. In terms of revenue, the global plastic drums market is estimated to expand at a CAGR of 5.0% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

According to TMR analysis, plastic drums are used for shipping and storage of industrial products which require appropriate handling of the filling product Plastic drums can be made up of high-density polyethylene or polypropylene. However, polyethylene is majorly used for manufacturing plastic drums. Food grade and UN-certified plastic drums are used for food & beverages and hazardous chemicals industries. Plastic drums are stacked on pallets and can be efficiently handled during shipment. Plastic drums hold an appropriate share in the intermediate bulk containers market. These drums can be re-used nearly 30 times with repeated reconditioning. Plastic drums are available in different sizes and patterns of closures.

Some of the main capacities which are preferred by the manufacturers are 20-gallon, 30-gallon, and 55-gallon among others. Raw materials used for making plastic drums are easily available and cost-effective, boosting the growth of the plastic drums market growth. Earlier, larger metal drums were used to ship containers for oil, juice, and other liquid products, but now plastic drums are steadily replacing them. Plastic drums are lightweight and offer barrier as well as temperature resistance. Plastic drums are made up of low-density polyethylene, high-density polyethylene, and polypropylene among which HDPE is widely used. TMR believes that plastic drums are used more than steel and fiber drums, although eco-friendly nature of fiber drums is a threat to the plastic drums market.

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Trends in the Global Plastic Drums Market

Companies are introducing new product ranges and security systems to enhance the performance of their plastic drums. Manufacturers are also looking for certifications to ensure the highest level of food safety. For instance, certification in accordance with FSSC 22000 (Food Safety System Certification), Comprehensive preventive measures according to HACCP, Halal, and Kosher certification among others. Some of the trends include automatic seal cap, load security system, and other specifically-designed plastic drums for preventing products from contamination.

Requirements for Safe and Secure Transportation with Plastic Drums

For efficient transportation, filling, handling and emptying of plastic drums, there are many specifications to be taken care of. The conductivity of plastic drums is a necessity in hazardous areas or ex-zones. Manufacturers are providing a conductive outer layer in plastic drums to prevent building an electrostatic charge. For sensitive or highly-permeable filling products, manufacturers are using fluorination processes to provide an anti-permeation layer, which is applied to interior and exterior walls of the plastic drum. Surface-active chemicals such as detergent and soda can damage the polyethylene material of the plastic drum. Thus, to provide resistance to cracks, an inner polyethylene layer is used. Leading manufacturers and reconditioning companies are providing locking systems to enhance their shipping facilities. 

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