SCADA Market - Services Emerge as Lucrative Component Segment

The global market for SCADA water and wastewater management is highly competitive in nature and is projected to remain in the similar situation in the next few years, states a new market research study by Transparency Market Research. It is moderately consolidated in nature with a few number of players holding a major share of the market. The key players in the market are focusing on the expansion of the product portfolio, which is predicted to enhance the market penetration in the next few years. In addition to this, the rising number of mergers and acquisitions is projected to support the growth of the overall market in the coming few years. Some of the key players that are operating in the SCADA market for water and wastewater management are Yokogawa Electric Corporation, ABB Ltd., Schneider Electric, Emerson Electric Co., Rockwell Automation Inc., Eaton Corporation, Honeywell International Inc., Tesco Controls Inc., SCADAware, and Parasyn.

As per the market research study by Transparency Market Research, in 2015, the SCADA market for water and wastewater management was worth US$1,267.4 mn and is projected to reach a value of US$2,172.1 mn by the end of 2025. The market is likely to register a healthy 5.60% CAGR between 2015 and 2025.

The global market for SCADA for water and wastewater management has been categorized on the basis of geography into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Among these, North America is expected to account for a large share of the global market in the next few years. The increasing popularity of cloud-based SCADA is one of the major factors estimated to encourage the growth of this region in the next few years. Furthermore, Europe is projected to witness a healthy growth in the coming years. On the other hand, Asia Pacific is projected to register a strong growth rate in the next few years, thanks to the rising demand for employing efficient processes.

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On the basis of end use, the global market has been categorized into industrial and residential. The industrial segment has been further classified into food and beverages, chemical, pharmaceuticals, and others. The residential segment has been further segmented into private and government. As per the research study, the industrial segment is projected to account for a large share of the market in the coming few years. The rising contribution from the food and beverage segment is the key factor projected to enhance the growth of the overall market in the near future.

Technological Developments to Encourage Market Growth

The increasing demand for water and wastewater treatment is one of the major factors estimated to encourage the growth of the global SCADA market for waste and wastewater management in the next few years. The rising government investments and the technological advancements in this field are further projected to enhance the growth of the overall market in the coming few years. The key players in the market are focusing on developing economies, which is projected to enhance the growth of the market throughout the forecast period.

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UPS Market - Asia Pacific to Display Robust Growth Rate

The dominance of a handful of large players renders stiff competition in the global UPS market, says Transparency Market Research in a new report. Keen players are striving to launch technologically advanced products to stay competitive in this market which is at a mature stage.

Key participants in the global UPS market to name a few are Eaton Corporation Plc., Emerson Electric, Uninterruptible Power Supplies Ltd., Mitsubishi Electric Corporation, Riello Elettronica, Schneider Electric SE (APC), Legrand, Vertiv Co., and ABB Limited.

A report by Transparency Market Research envisages the global UPS market to peg a CAGR of 7.5% between 2017 and 2025, for the market to become worth US$9,881.9 mn by the end of 2025 from US$5,201.9 mn in 2016.

Data center and facility application segment led the UPS market in 2016 in terms of revenue. Going ahead, the segment is expected to clock a significant 7.5% CAGR between 2017 and 2025. Based on kVA range, in 2016, 20.1-60 kVA range segment accounted for the leading revenue contribution mainly because of its high adoption in data centers. On the other hand, the segment of less than 5kVA segment is predicted to expand at a significant CAGR from 2017 to 2025.

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Geography-wise, Europe followed by North America were the leading revenue generating regions in 2016. These regions are expected to hold on to maintain their positions over the forecast period.

Majorly fuelling the global UPS market is the increasing frequency of power fluctuations and growth in the number of data centers and cloud storage utilization capacity. Natural causes, short circuits as well as manmade outages are the some of the key factors for power fluctuations that can cause equipment degradation over a period or instantaneous loss of data stored on the equipment. This necessitates power backup, especially in emerging economies that do not have reliable energy infrastructure.

Power backup in small and large scale industries protects sensitive equipment from getting damaged in the event of fluctuations in the power grid. UPS systems are crucial for hospitals wherein power fluctuations can put patients’ life in danger. UPS systems are also crucial for factories to prevent accidents, loss of downtime.

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North America to Spearhead the Global Pallet Displays Market Through 2026

The global pallet displays market a highly competitive vendor landscape, thanks to the presence of a large pool of players, states a new report by Transparency Market Research (TMR). Sonoco Products Co., DS Smith Plc, Georgia-Pacific LLC, Smurfit Kappa Group Plc, WestRock Co., U.S. Corrugated Inc., FFR Merchandising Co., Marketing Alliance Group, Pratt Industries Inc., Creative Displays Now, Mirada Medical Ltd., Siemens Healthineers, Sciencesoft USA Corp., Toshiba Medical Systems Corp. and Xinapse Systems Ltd. are some of the key participants in this market. These players are completely focused towards enhancing their product quality and developing innovative designs, which is likely to intensify the competition within this market over the forthcoming years, states the research report.

According to the research report, the global market for pallet displays is expected to register a CAGR of 4.30% over the period from 2017 and 2026 and reach a value of US$1.60 bn by the end of the period of the forecast. In terms of the material type, corrugated board based pallet displays are leading the global market and are anticipated to remain doing so in the years to come, notes the market study.

The report also provide a geographical analysis of the worldwide market for pallet displays, which it carry out on the basis of the performance of the markets for pallet displays in North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Rising at a CAGR of 4.30% between 2017 and 2026, the North America market is anticipated to be on the top of the game over the forthcoming years. However, the rising number of pallet display users, striving to become more competitive on a global level is anticipated to create growth opportunities other regional markets. The increasing proliferation of supermarkets and hypermarkets in emerging economies of Asia Pacific, Latin America, and the Middle East and Africa is likely to support these regional markets for pallet displays to register steady growth in the near future, states the research report.

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Increasing Number of Malls and Supermarkets to Support Growth

“Pallet displays aid efficiently in the marketing of products, grabbing consumers’ attention and making it convenient for them to pick the products of their choices. This, in turn, is reflecting greatly on the demand for pallet displays, resulting in a significant growth of the global market,” says a TMR analyst. The rise in retail outlets, such as malls and supermarkets is directly influencing the number of pallet displays, as, the intense competition among enterprises, especially operating in consumer products, encourages them to market their products at every possible spot, with malls and supermarkets being the most profitable places. The economic rise in emerging economies is also expected to boost the growth of the global pallet displays market in the coming years, reports the research study.

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Fragrance Packaging Market - Metal to Remain Dominant Packaging Material in Foreseeable Future

The global fragrances market is indicative of innovation due to a large number of market players executing products with a widely creative knack. Owing to this differentiated approach endorsed by each market player, the market is expected to remain moderately competitive. The packaging and appearance of the products have been at the forefront to give a distinctive appeal to products, and a large number of huge players have resorted to this strategy. Besides this, the various market players are also expected to adhere to environment-friendly packaging standards that is amongst the top-notch strategies that could distinguish market players from their competitors.

The key market players have also been on the lookout to penetrate the markets within emerging economies, thus, giving them an edge over competitors. The prominent market players in the global market for fragrance packaging include Quadpack Ltd, Continental Bottle Co. Limited, Premi Spa, Alcion Plasticos, Albea S.A., Verescence France SASU, Saverglass sas, Coverpla S.A., Glaspray Engineering & Manufacturing Co. Ltd., CCL Container (Hermitage) Inc., Swallowfield Plc, Intrapac International Corporation, General Converting Inc., Gerresheimer AG, and EXAL Corporation amongst others.

TMR’s recent report analyzes the global interplay of market forces contributing to the growth of the market for fragrance packaging. The report estimates that the global market for fragrance packaging is expected to be valued at US$2,119.9 mn towards the end of 2025 as compared to a figure of US$2,031.9 mn in 2016, while registering a CAGR of 5.0% over the forecast period from 2017-2025. Amongst the various types of materials used for packaging fragrance deodorants and perfumes, metals occupy a 40% of total market share amongst all other types of packaging. On a geographical footing, Europe is expected to be the leading regional market registering a CAGR of 3.9% over the forecast period. This could be attributed to the ravishing lifestyle and fashion needs across the European nations.

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In recent times there have been rigorous campaigns to establish and emphasize the vitality of personal grooming, which has virtually made self-care and enhancement a part of human physiology. Moreover, the expanse of the world wide web and availability of the internet across densely placed regions has capture the essence of people’s lifestyle. The psyche of the masses has inclined towards grooming products especially perfumes, which has bolstered the demand in the market for better packaged perfumes. The e-commerce industry has made it possible for people to place their orders online and receive them at the earliest. Since, the packaging of the products is an important parameter to persuade the consumer into buying the product, there is increased impetus on the packaging of fragrances.

The rising demand for luxury goods, a lavish image of associated with perfumes, and the precept of perfumes as ideal gifts, are amongst other factors that fuel the demand within the global fragrance packaging market.

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Lidding Films Market - Asia Pacific to Emerge Lucrative in Future

As per one of the latest research reports by Transparency Market Research (TMR), the vendor landscape in the global lidding films market is highly fragmented and competitive on account of presence of a large number of market players. The top ten companies are estimated to hold only 26.6% of market share in 2017. While players that operate globally clearly lead the market, they are wary about threats posed by local vendors. This is because small companies despite a small scale set up offer products at lower prices, which is giving competition to bigger players to establish themselves in regional markets. “In this scenario, the global players are focusing on core business plastic packaging and are discontinuing various non-core operations,” said a lead TMR analyst. For instance, in November 2014 Bemis Company Inc. discontinued its global Pressure Sensitive Materials Business. Also, leading players are striving to expand their market presence with innovation and inorganic growth to tap growth opportunities in regional markets.

Some of the leading companies in the lidding films market are Bemis Company Inc., Constantia Flexibles Group GmbH, Uflex Ltd., Amocor Limited, Berry Global Group Inc., Winpak Ltd., LINPAC Packaging Limited, Schur Flexibles Holding GmbH, Plastopil Hazorea Company Ltd, Flair Flexible Packaging Corporation, Multi-Plastics Inc., Golden Eagle Extrusions Inc., FFP Packaging Solutions Ltd., Impak Films Pty Ltd., Flexopack SA, and TCL Packaging Ltd.

According to the report, the global lidding films market was evaluated at US$2.9 bn in 2016 and is estimated to become worth over US$5 bn by the end of 2025, registering a CAGR of 6.3% during the forecast period between 2017 and 2025.

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Globally, on the basis of material type, the polypropylene segment is estimated to lead the market in 2017, holding 20.2% share vis-à-vis value. Among the key product types, the high barrier lidding films segment is estimate to hold the leading 53.6% market share in 2017. Geography-wise, Asia Pacific is anticipated to be a lucrative market displaying the leading CAGR of 7.2% over the forecast period.

The changing lifestyle of consumers, across the world, is a key factor for solid growth of the lidding films market over the past decade. Due to the fast-paced lifestyle consumers are increasingly switching to organized retail channels such as supermarkets and hypermarkets for everyday needs, which has positively impacted the lidding films market. In particular, in emerging economies, the growth of the organized retail sector which has emerged as a significant channel for sale of consumer goods is expected to boost growth of the lidding films market. The high barrier property of lidding films that helps retain freshness of food for longer time is suitable for changing domestic structure in urban areas. This in turn, is aiding the market’s growth.

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Global Biodegradable Plastics Bags and Sacks Market to Expand with a CAGR of 6.9%

The biodegradable plastic bags and sacks market have consolidated landscape owing to increasing strategic business activities. The key players operating in the biodegradable plastic bags and sacks market are trying to provide improved and versatile products. The players are focusing to offer high quality and biodegradable additives so as to gain more shares than other rivals. In addition, several players are indulging in strategic business activities such as mergers and acquisitions to improve their global presence. Some of the players operating into biodegradable plastic bags and sacks market include Novolex, Shabra Group, Xtex Polythene Ltd., International Plastics Inc., and Ampac Holdings LLC.

According to the TMR, the biodegradable plastic bags and sacks market stood at the US$1.4075 in 2017. The market is expected to expand with a CAGR of 6.9% over the forecast period of 2017 from 2022 to reach the valuation of US$2.052 bn by the end of 2022. On the basis of type, PHA segment dominated the global market for biodegradable plastic bags and sacks by accounting for 35.9% of shares in 2017 and expected to grow with the CAGR of 6.9% over the forecast period. On the basis of region, Europe is dominating the global market and expected to dominate over the forecast period by expanding with CAGR of 7.1% to reach the valuation of US$660.8 mn by the end of 2022.

Disposal of non-recyclable plastic waste through the conventional process has resulted into hazardous effect on the environment. Rising awareness about the environmental safety is triggering adoption of the biodegradable plastics bags and sacks as its decomposition is easier and faster process. Biodegradable plastics are derived from materials of plants such as polyhydroxyalkanoates (PHAs), polylactic acids (PLAs), and corn which can be decomposed with the help of micro-organisms. The aforementioned factors are augmenting adoption of biodegradable plastics and which is propelling growth of the global market for biodegradable plastics bags and sacks.

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Additionally, the increasing stringent regulations on the use of non-degradable plastic are propelling uptake of the biodegradable plastic bags and sacks. Furthermore, the biodegradable plastic is a high-quality material which is less prone to tear and can be used in numerous applications such as storage and transportation. This factor is bolstering growth of the global biodegradable plastics bags and sacks market.

Inadequate Facilities of Disposal of Biodegradable Plastics to Hamper Growth

Despite presence of these growth influencers, the factors such as inadequate facilities of disposal of biodegradable plastics at the landfills along with other waste materials in numerous places and countries are hampering adoption of biodegradable plastics bags and sacks which is likely to limit the growth of the market. In addition, intense competition from other composite bags and sacks mainly made from clothes is also limit growth of the biodegradable plastics bags and sacks market. Nevertheless, adoption of material from retail, industrial, and institutional sectors owing to raising awareness for the environment and increasing pollution due to non-degradable plastics is creating growth opportunities for key players over the forecast period.

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Global Reusable Water Bottles Market to Attain High Growth, as Leading Players Introduce New Products

The global reusable water bottles market is fragmented due to the presence of large number of players in the market. In 2016, five players in the market held 6% share in the global market. The market is experiencing intense competition as new players keep entering the market by offering high potential growth in the market. Several players in the market use business strategies such as these players make efforts in introducing new products and expand the production line. These players also make huge investment in strategic alliance and collaboration to make a firm hold in the market and to increase their geographical reach. Some of the prominent players in the market are SIGG Switzerland AG, Tupperware Brands Corporation, Brita GmbH, Nalge Nunc International Corp., CAMELBAK PRODUCTS LLC, and Klean Kanteen Inc.

According to TMR, the global reusable water bottles market is projected to expand at 3.6% CAGR during the forecast period between 2017 and 2025. The global reusable water bottles market is estimated to reach US$10.4 bn by the end of forecast tenure.

Based on material, it has been projected that the metal segment is likely to lead the market by holding 33% of the total share in the global market. However, during the forecast period from 2017 to 2025, polymer segment is projected to lead the market by growing at 3.9% CAGR. This is due to the cheap cost of the polymer used in producing reusable water bottles. Based on regional analysis, Asia Pacific is likely to lead the market in terms of both volume and value. By the end of forecast period, the market is expected to reach US$1.20 bn in the Asia Pacific. Moreover, over the forecast period, North America is projected to rise at 3.3% of CAGR.

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Globally the demand for reusable water bottles is rising due to the changing preference of the people for reusable water bottles as compared to single use water bottles. The manufacturers are making constant efforts to improve the quality of reusable bottles that will fuel the market growth. In addition, increasing disposable income in middle-income group and growing demand for convenience products have also boosted the demand for reusable water bottles.

People across the globe prefer to use bottles that are easy to carry and environment friendly at the same time. Thus, with the growing demand manufacturers are encouraged to develop products with additional features such as embedded infusers, mist sprayers, and others. furthermore, changing lifestyle and growing living standards both in developing and developed countries is expected to increase the demand in the reusable water bottles market in the near future.

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