Mounting Need for Efficient Traffic Management to Drive Vehicle Analytics Market

The global vehicle analytics market is forecasted to showcase a stellar growth in the coming years, according to Transparency Market Research (TMR). The report states that the vendor landscape is characterized with rising competitiveness between industry players. The vendors are expected to focus on acquisitions, partnerships and collaborations, to expand their geographical outreach as well as enhance their product portfolio. A number of vendors are increasingly investing in upgrading their existing products in order to beat the competition. Some of the leading vendors in the global vehicle analytics market are Harman International Industries, Amodo, INRIX, Automotive Rentals, Inc., and SAS Institute Inc.

According to TMR’s report, the global vehicle analytics market was roughly evaluated to be US$ 646.8 mn in 2017. With an outstanding 20.9% CAGR, the vehicle analytics market is prognosticated to rise to US$10,215.5 mn over 2017 and 2022, the forecast period.

Segmented on the basis of end-user, the segment of tier 1 suppliers is predicted to emerge as the leading share holder of the global vehicle analytics market. The rise of the end-user segment could be ascribed to the pivotal role played by software and hardware suppliers to other industries.

Geographically, the market is prognosticated to witness the dominance of Europe, owing to the large presence of automotive manufacturers in the region, particularly in Germany and the U.K. The region is expected to hold over one-third of the global vehicle analytics market, attributed to the swift adoption of car analytics solutions as well as electric vehicles. The region is also favored due to encouraging government and regulatory policies.

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Rising Need for Real Time Tracking to Elevate Demand for Vehicle Analytics

The significance of vehicle analytics is likely to be realized with the mounting need for automation, fleet and mobility management. Manufacturers are increasingly integrating advanced vehicular technology in their products, thus enabling transport service providers to enhance operational efficiency, and provide improved customer service while offering sustainability. Vehicle analytics empowers advanced analytics and helps in managing and streamlining different operational procedures. The focus of manufacturers is slowly shifting towards inclusion of artificial intelligence, machine learning, and predictive analysis in vehicles, making them even more tech-savvy.

Ubiquity of Cloud to Provide Lucrative Growth Opportunity

The coming years are expected to be a host to all kinds of cloud services and platforms, and the automotive industry is also slated to witness the proliferation of cloud and related services in the coming years. Cloud connectivity promises better route mapping, traffic management, and effective transport parameters. The automotive industry is likely to benefit from the introduction of cloud technology with more streamlined processes, lowered accidental situations, real time tracking, traffic and predictive analytics, turning the need for safe, pragmatic autonomous vehicles a reality. This is a significant factor fuelling the growth of the global vehicle analytics market.

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Process Safety System Market: Efforts to Maximize Efficiency, Output in Process Industries Boosts Demand

A fresh market intelligence study by Transparency Market Research (TMR) says that the global process safety system (PSS) market is highly fragmented with the presence of large number of companies of varying sizes. Despite a high degree of fragmentation, General Electric Company and Rockwell Automation Inc. have established themselves as clear leaders. In this competitive market, leading players are hard-focused on devising new and innovative technologies in a bid to offer differentiator process safety system (PSS) products. For this, companies in this market are adopting the inorganic growth route by entering into various strategic partnerships, mergers and acquisitions. They are also focused on expanding their business via service additions and by expanding geographical presence.

Some prominent participants in the global process safety system market are ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., HIMA Paul Hildebrandt GmbH, Intergraph Corporation, Schneider Electric SE, Rockwell Automation Inc., Siemens AG, and Yokogawa Electric Corporation among others.

As per estimates of TMR report, the global process safety system market will be valued at US$5,287.8 mn by 2025 progressing at a CAGR of 7.0% between 2017 and 2025.

The key application segments of the global process safety system market include burner management system (BMS), high integrity pressure protection system (HIPPS), emergency shutdown (ESD), turbo machinery control (TMC), and others. Of them, ESD held the leading market share in 2016 and is also expected to display the leading CAGR over the forecast period.

In terms of end-use, oil and gas currently accounts for the leading share in terms of revenue and is anticipated to hold on to its leading position over the forecast period. Geography-wise, North America stood as the most lucrative market for process safety system amongst all in 2016.

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The global process safety system market is primarily driven by measures for safe operational practices in process industries. Process safety ensures prevention of explosions, accidental chemical releases, and fires in chemical or other hazardous industries. The adoption a of process safety system safeguards operational disruption due to spills, equipment malfunction, over-temperature, over-pressure, metal fatigue, corrosions, leaks, and other similar conditions.

As per standards defined by the Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA), process safety systems are significant for end to end operational efficiency and safety consideration of business processes. Due to this, process safety management is a regulation that is endorsed by the U.S. Occupational Safety and Health Administration. In particular, for industries that stores and processes hazardous materials, a good safety plan is mandatory to reduce risk of accidents.

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APEJ Region to Outpace Others in the Global Push Pull Closures Market During 2018-27

Transparency Market Research (TMR) provides key insights on the push pull closures market in its latest report titled “Push Pull Closures Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2027.” In terms of revenue, the global push pull closures market is projected to expand at a CAGR of 4.8% during the forecast period. The APEJ (Asia Pacific Excluding Japan) push pull closures market is expected to rise in terms of CAGR.

The global push pull closures market is growing due to the increase in demand from food & beverages, pharmaceuticals, and personal care & cosmetics packaging industries. Industrial development and evolving purchase power of individuals from China, India, and ASEAN countries are the factors playing a vital role in the Asia Pacific push pull closures market. The improved market share of pharmaceutical and cosmetic industries are expected to witness an increase in demand for the push pull closures market. Sports bottles are widely preferred over ordinary water bottles in most regions over the world. The usage of push pull closures in sports bottles is expected to boost the demand for the global push pull closures market. The increase in consumption of ready-to-drink beverages and the rising consumer awareness towards health beverages is expected to further boost the demand for the global push pull closures market globally.

On the basis of material, the polypropylene segment of the push pull closures market accounts for the largest market value share. The polyethylene segment is expected to closely follow the polypropylene segment of the global push pull closures market.

By diameter type, push pull closures of 34 mm–44 mm segment were majorily preferred in the year 2018. Push pull closures for the beverage industry in the Asia Pacific region are projected to register the highest CAGR among other end-use segments during the forecast period.

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The growth of push pull closures is attributed to the contributions of the emerging economies such as the countries in the Asia Pacific excluding Japan region. The large quantity of beverage consumption in the region has led to the increasing consumption of push pull closures which, in turn, is expected to fuel the growth of the global push pull closures market. China remains dominant in terms of market value share of the global push pull closures market. In the Europe push pull closures market analysis, prominent countries such as the U.K., Spain, France, Italy, and Rest of Europe are analysed. The France push pull closures market is projected to grow the highest CAGR among the countries in the Europe region.

The push pull closures consumption in Germany is expected to create substantial growth opportunities for the push pull closures market during the forecast period. In the North America push pull closures market, the United States is expected to create the largest market share of the global push pull closures market while Canada is expected to register notable growth in the global push pull closures market. In Latin America push pull closures market, Brazil is expected to witness the highest market value share of the global push pull closures market during the forecast period. Mexico is expected to witness a prominent market value share of the global push pull closures market. The Middle East & Africa push pull closures market includes the country-level analysis of Israel, South Africa, GCC Countries, Turkey, & Rest of MEA. In the Middle East and Africa push pull closures market, South Africa is projected to expand at the highest CAGR during the forecast period while the GCC Countries push pull closures market is the largest market place for push pull closures throughout the forecast period.

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Leaders in Global Retort Packaging Market Innovating for Ecofriendly Products, observes TMR

A recent business intelligence study done at Transparency Market Research (TMR) has foreseen that the future of the retort packaging market belongs to the development of ecofriendly products. And, this trend has been already seeped into R&D practices of several major players who are aspiring greater shares in the packaging industry. The analyst of the report has detected that the shares in the global retort packaging are distributed among a large pool of players. However, a few companies such as Amcor Limited, Mondi Group, Bemis Company, Inc., Sonoco Products, and Sealed Air Corporation do hold slightly stronger positions, which is a reflection of their robust supply network across regions and constant strive for innovation. 

Going forward, most of the major companies in the retort packaging market are expected align their product portfolio in sync with changing demand from the food industry. For instance, Amcor Limited offers products such as AluFix Retort Classic for non-demanding applications including meat and pâtés; Retort Pro for demanding applications including ready meals, fish salads, and olives; and AluFix Retort Xtra for aggressive applications including chili tuna salads, tomato puree and sauce, and fish in white wine. On the other hand, Mondi Group has a strong presence in the European region on the back of its retort pouches that are lightweight and strong in appearance, enabling easy transportation and impression.

Global Retort Packaging Market to be worth US$24,706.0 mn by 2024

If the projections of the TMR report are to be believed, the demand in the global retort packaging market will proliferate at a healthy CAGR of 7.45% during the forecast period of 2017 to 2024. Volume-wise, the report has estimated a demand for 72,492 mn units by the end of 2024, which in turn would reflect a revenue of US$24,706.0 mn. Based on product type, the report segments the retort packaging market into trays, cartons, pouches, and others. The pouches segment has been further sub-segmented into gusseted pouches, spouted pouches, back-seal quad, and stand-up pouches.

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On the basis of material type, the market for retort packaging has been bifurcated into cast polypropylene, nylon (Bi-oriented polyamide), polyester (PET), polyethylene (PE), aluminum foil, paper and paperboard, and others including PVC and PVDC. Application-wise, the retort packaging market has been categorized into food including soups and sauces, baby food, pet food, sea food, ready to eat meals, and others, beverages, and pharmaceuticals. The market has also been classified based on type of form, into semi rigid, rigid, and flexible. Geographically, Asia Pacific is anticipated to overtake as the most lucrative region towards the end of 2024, producing more demand for retort packaging than other prominent regions of Europe and North America. 

Increasing Uptake of Ready-to-eat Meals Driving Demand

The retort packaging market is feeding off the flourishing food and beverage industry. The demand for packaged ready-to-eat meals is on the rise among urban populations and manufacturers are resorting to these lightweight and flexible modes of packaging that also go a long way in extending the shelf-life of the products. While stringent regulations against the use of PVC and HDPE materials is hindering the market’s prosperity, the players are indulged in the development of ecofriendly products to counter the challenge. The growing demand from the pharmaceutical industry, and rising applications across pet care products are also expected to reflect positively on the retort packaging market in the near future. 

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Thermoform Packaging Market - Blister Packaging to Remain Most Profitable Segment until 2024

The global market for thermoform packaging is competitive in nature with a high level of fragmentation and is expected to remain in the similar scenario in the next few years, states a new market research study by Transparency Market Research. The increasing number of applications and the growing focus of the key players on innovations are projected to accelerate the growth of the overall market in the next few years.

In addition to this, the rising number of research and development activities is estimated to enhance the market penetration for the market players and further support the growth of the market in the near future. The increasing mergers and acquisitions is further predicted to offer growth opportunities in the near future. Some of the key players operating in the thermoform packaging market across the globe are Bemis Company, Inc., Display Pack Inc., D&W FINE PACK, HUHTAMAKI GROUP, Sonoco Products Company., Anchor Packaging, Inc., Tray-Pak Corporation, Amcor Limited, and PACTIV LLC.

As per the market research study by Transparency Market Research, in 2017, the global market for thermoform packaging was worth US$38,603.9 mn and is likely to reach a value of US$57,615.9 mn by the end of 2024. The market is estimated to register a healthy 5.90% CAGR between 2017 and 2024.

Asia Pacific to Offer Potential Growth Opportunities for Market Players

The global market for thermoform packaging has been categorized on the basis of geography among which, North America is holding a large share of the market and is projected to remain in the leading position in the next few years. The presence of several leading players is estimated to enhance the growth of the market in the near future. On the other hand, Asia Pacific is likely to exhibit a high growth rate in the next few years, thanks to the rising contribution from India, China, and South Korea. In addition to this, the growing demand for thermoform packaging from the food and beverages sector and the rising urban population are further projected to encourage the growth of the market in the near future.

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The global thermoform packaging market has been categorized on the basis of packaging type into blister, clamshell, skin, cups, and tubs. Among these, the blister segment is expected to lead the global thermoform packaging market with a large share in the next few years. The rising use of this packaging in the pharmaceutical industry is one of the key factors that is estimated to encourage the growth of this segment in the next few years. Furthermore, advancements in the technology is projected to support the growth throughout the forecast period.

Rising Research and Development Activities to Encourage Market Growth

The rising demand from the food sector and the increasing use of thermoform packaging from the pharmaceuticals are considered as some of the key factors that are estimated to accelerate the growth of the global thermoform packaging market in the next few years. In addition to this, the reduced packaging waste and the cost-effectiveness are projected to enhance the growth of the overall market in the coming few years.

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Paper Furniture Pad Market Is Set For A Rapid Growth By 2028

In the recent years, the usage of protective packaging is growing significantly due to the growth of the shipping and logistics industry across the globe. Paper furniture pad is one of the most economical protective packaging options available for the protection of several luxury products during transportation. Paper furniture pad is mainly used for protecting luxury items against scratches and damage. It is mainly used during the transportation of several items such as furniture, electronic appliances, home décor, etc. Paper furniture pad in an alternative for traditional moving blankets as it costs lesser than the latter.

Moreover, the weight of paper furniture pad is also lighter as compared to other protective packaging options resulting into less amount of material required. In addition, paper furniture pad can be easily taped to or wrapped around furniture to make it more compact during transportation. Furthermore, it can be recycled and is more environmental friendly as compared to other protective packaging applications. Owing to its better sturdiness, it is widely used by several providers of packing and unpacking services.

Global Paper Furniture Pad Market - Dynamics

The paper furniture pad market is expected to grow significantly due an increase in services such as packing and moving solutions for transportation purposes. Moreover, paper furniture pad has a double or triple cushion of paper, which provides better durability during the shipment of goods. In addition, paper furniture pad is also available in the form of heavy duty pads that do not tear easily during shipment. Paper furniture pad provides features, such as light weight, better shock absorption and cost-effectiveness, which are among the factors boosting the market.

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In addition, the rapid growth of several end-use industries across the globe has increased the trade volume of goods, which has resulted in the need for paper furniture pads on a large scale. Furthermore, rapid industrialisation in developing countries, such as China, India, etc., has created new opportunities for the paper furniture pads market. The usage of paper furniture pads enables manufacturers & suppliers to stack goods and improve the efficiency of the supply chain network.

North America is expected to be a prominent market in the paper furniture pad market during the forecast period. On the other hand, China and India are expected to witness significant growth in the Asia paper furniture pad market. These countries have witnessed a shift in the demand to paper instead of plastic owing to the strict regulations governing the usage of the latter. Moreover, the Latin America paper furniture pad market is expected to record lethargic growth due to slow economic recovery.

Global Paper Furniture Pad Market – Key Players

Some of the key players in the paper furniture pad market are John Johnson Co., Inc.; Eide Industries, Inc.; Imperial Paper Company; Arrow Packaging; Multi-Wall Packaging Corporation; Rose City Awning Co., Inc.; Atlantic Paper Company and Interstate Paper Supply Co. Inc.

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Corrugated Slip Sheets Market have emerged as an Best Available Cost-efficient and an Environment Friendly Palletizing Solution

Over the years, conventional wooden pallets which occupies a lot of space during returnable transports & logistics are expected to be replaced by palletized slip sheets thus minimizing the space constraints. The pallet slip sheets are usually manufactured with corrugated materials which weighs 20 times less in comparison with wooden pallets thus reducing overall weight of shipment. Also, corrugated slip sheets are easy to replace with eliminating the need for pallet exchange and hence significantly lead in reduction of material handling costs. Corrugated slip sheets are extensively used in transportation & handling of unitized load inside the facility. Corrugated slip sheets occur to be best available cost-efficient and an environment friendly palletizing solution.

Global Corrugated Slip Sheets Market: Dynamics

Rise in demand for light-in-weight, cost efficient and environment friendly load unitizing solution is expected to fuel the global market for corrugated slip sheets over the forecast period. Moreover, corrugated slip sheets incur very less maintenance cost and are easy to recycle or disposed-off in the external environment. Also, increase in budgetary allocations among product manufacturers for research and development to separate their slip sheets from the other manufacturers, is expected to drive the global market for corrugated slip sheets.

However, corrugated slip sheets involves additional investment on resources such as arrangement of separate push-pull forklift for material-handling & transportation purposes to implement this type of palletizing solution.

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The global corrugated slip sheets market is segmented into seven regions, namely, Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ), and Japan.

The North Americas as well as the European countries are expected to rule the corrugated slip sheets market owing to budding rules and regulations for use of sustainable and environmental friendly palletizing solutions. Also, in comparison with conventional wooden pallets, the corrugated slip sheets form to be a convenient & cost-effective load unitizing product.

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