Wednesday, 16 January 2019

Cosmetic Packaging Market to Present Most Lucrative Growth Opportunities

  January 16, 2019    No comments

The global cosmetic packaging market is characterized by intense rivalry between the top players, observes Transparency Market Research (TMR). Product development has emerged as the prime strategy for the majority of players to garner competitive advantage over others. They are leveraging the potential of cutting-edge technologies and advanced materials to design high-performance packaging solutions, in order to consolidate their shares. TMR notes that several prominent players are capitalizing on multi-dimensional image processing technology to develop innovative solutions.
Leading players operating in the global cosmetics packaging include HCP Packaging, Albea S.A., Fusion Packaging, ABC Packaging Ltd., Libo Cosmetics Company Ltd., RPC Group Plc, Quadpack Industries, Aptar Group Inc., AptarGroup, Inc., Gerresheimer AG, and Amcor Limited. The market is expected to provide many a promising avenues for manufacturers across the globe to bank upon. 
The global cosmetic packaging market is projected to rise at a modest CAGR of 4.4% during the assessment period of 2016–2024, which will propel the market to reach a worth of US$33 billion by the end of 2024. The market was valued at US$23 billion in 2015.
The variety of materials used for cosmetic packaging consists of glass, plastic, paper, metal, and wood. Of all the segments, plastic leads the pack, vis-à-vis value and volume. The segment is expected to hold almost half of the overall share in the global market. However, the uptake of other packaging materials are rising rapidly owing to the preference of eco-friendly packaging materials.
Geographically, Asia Pacific led the global market in 2016 and is expected to contribute potentially high revenues through 2024. The prominence of the regional market can be attributed to the presence of a plethora of manufacturers in key economies and a considerable consumer base.
Proliferation Demand for Cosmetics among Millennials bolsters Uptake
The cosmetic packaging is expected to grow from strength to strength underpinned by the several attractive strides being made by the cosmetics and personal care industries. The key role occupied by packaging in the brand positioning in the overall cosmetics market has provided sustained thrust to the expansion of the market. The rising demand for functional packaging that offers remarkable product protection and higher consumer functionality is a notable factor catalyzing the market growth.
The cosmetics industry is witnessing bold strides driven by the rising uptake of cosmetic products among millennials. The rising demand for effective packaging for a staggering volume of anti-aging creams and other skincare products is propelling the growth of the cosmetic packaging market. The substantial demand for an array of cosmetics among young adults in various developing regions has accentuated the demand for the packaging.
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Industrial Packaging Market - Key Players, Share, Trends, Forecast 2024

  January 16, 2019    No comments

According to the findings of a fresh business intelligence study conducted at the headquarters of Transparency Market Research (TMR), there is a vast number of players connected to the value chain of the global industrial packaging market, and each of them have a position of prominence in their respective regions. That being said, players such as Cascades Inc., Smurfit Kappa Group PLC, International Paper Co., Sonoco Product Co., and Greif Inc. are slightly ahead of the curve. In order to gain greater shares, the prominent players are expected to indulge into producing low cost products and, if possible, make them ecofriendly in order to leverage the recent environmental trend. The value chain of the industrial packaging market is constituted by the manufacturers of industrial label and packaging products, service providers, and automotive and construction organizations.

Global Industrial Packaging Market to be worth US$73.25 billion by 2024
As per the estimations of the analyst of this industrial packaging market report, the global demand will be multiplying at a CAGR of 4.1% during the forecast period of 2016 to 2024. Revenue-wise, the global industrial packaging market is estimated to attain a value of US$73.25 billion by the end of 2024, substantially more than the market’s evaluated worth of US$53.03 billion as of 2016. This report segments the industrial packaging market on the basis of material: metal, fiber, paper and wood, and plastic; product: pails, sacks, IBCs, drums, crates, and bulk boxes; packaging: flexible and rigid, and end use: automotive, agriculture and horticulture, food and beverages, engineering, chemicals and pharmaceuticals, building and construction, electronics, tobacco, plastics and rubber, oil and lubricants, and metal products. The report has also gauged the potential of demand that can be expected out of the lucrative country-wise markets of the U.S., China, India, Germany, the U.K., Brazil, and Russia.
Demand Driven by Prosperity of Various End-use Industries
Increase in International trade is the most prominent driver of the industrial packaging market. Adequate packaging goes a long way towards ensuring safe and cost-efficient transportation of the products, as environmental factors can cause significant damage without protective wrapping. A number of thriving industries, such as construction, automotive, pharmaceuticals, and electronics are pushing for methods that can help them reach their products to their end users. Radical growth of emerging economies of China and India, prosperity of the food and beverage industry, high optimization of pack sizes, and demographic trends are expected to reflect positively over the industrial packaging market over the course of the aforementioned forecast period.
Need for Ecofriendly Packaging Options to Open New Opportunities
On the other hand, stringent trading regulations, high input costs, and concerns pertaining to recycling and environment are a few restraints curtailing the progress of the industrial packaging market. However, increased investment on research and development of ecofriendly packaging options are expected to open new opportunities in the near future.
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Honey Packaging Market Is Set For A Rapid Growth By 2026

  January 16, 2019    No comments

Customised packaging has gained popularity in the past few years. Honey packaging is an example of customised packaging in which key manufacturers are continuously enhancing the packaging design. Honey packaging includes bottles, jars, stick packs and squeezable tubes, among others. Various types of honey are available in the market, which include alfalfa, clover, acacia, buckwheat, etc., which are generally packaged in glass bottles. Twist-off metal caps are most commonly used for honey packaging as they add durability, moisture resistance and help keep the product fresh. Increased competition and growth in the demand for sophisticated packaging are among factors encouraging players to innovate new honey packaging solutions.
Global Honey Packaging Market: Dynamics
The growing demand for honey from the food and beverages industry is one of the major factors driving the honey packaging market. In addition, honey has widespread applications in pharmaceuticals and cosmetic care industries, which is driving the demand for honey packaging. In the food sector, honey is available in various types of packages, which include squeezable tubes, stick packs, bottles, jars, pouches and specialty/custom packaging types. In the pharmaceutical industry, honey find applications in syrups and sprays, which is also driving the honey packaging market worldwide.
Developing consumer preference and taste are also among factors driving the honey packaging market worldwide. The harvesting of deferent varieties of honey is facilitating producers to keep up with the demand for the same, which is also boosting the demand for honey packaging. In addition, several producers, distributors and end users in the market are opting for healthier options, such as manuka honey, and this is contributing to the growth of the honey packaging market.
Geographically, the global honey packaging market can be segmented based on regions such as Western Europe, North America, Eastern Europe, Latin America, MEA, Japan and APEJ. Emerging economies, such as China, India and other ASEAN countries in the Asia Pacific region, are estimated to dominate the honey packaging market. Owing to several medicinal benefits and improved packaging standards, the honey packaging market is expected to witness growth during the forecast period.
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Global Plastic Packaging Market Predicted to be worth US$370.2 bn by 2020

  January 16, 2019    No comments

The global plastic packaging market features a fragmented vendor landscape with the presence of several well-established players. Keen players are pouring money into research and development for product advancement. They are also adopting the inorganic growth route, thus entering into partnerships and alliances with small market players.
Prominent companies operating in the global plastic packaging market include Bemis Company Inc., Mindi plc, Ampac holdings LLC, Ukrplastic Corporation, Amcor Ltd., Constantia Flexibles International GmbH, Huhtamaki Oyi, sealed Air Corporation, Sonoco Products Company, and Wipak Group.
As per a recent market study by Transparency Market Research (TMR), the global plastic packaging market is predicted to clock a CAGR of 5.20% between 2014 and 2020, for the market to be worth US$370.2 bn by 2020 end. The demand in the market translated into a revenue of US$259.6 bn in 2013. By product, the global plastic packaging market has been segmented into rigid and flexible. Of the two, rigid packaging segment presently holds the leading market share. The report estimates the rigid packaging segment to continue to lead through the forecast period. By end use, food and beverages held the leading more than 65% of the overall market in 2013; the segment is anticipated to remain at the fore through 2020.
Geography-wise, Asia Pacific displayed the leading demand to account for 35% of market share in 2013. The region is likely to remain at the lead due to the rising use of plastic packaging in the food and beverage and healthcare industry.
Proliferation of Food & Beverage Industry Fuels Growth
Proliferation of the food and beverage industry is one of the key factors driving the plastic packaging market. Plastics serve to provide a tougher, cleaner, and aesthetically appealing form of packaging for the food and beverage industry. There lies strong demand for lot of products to be manufactured in pouches, plastic bags, and sachets. Plastic packaging provides advantages of strength and durability that is far superior to any other material for the same price.
The growth of the healthcare industry has boosted the plastic packaging market to a high degree. Medicinal solutions, syringes, IV bags, IV tubes are some of the things extensively used in the healthcare sector use plastic packaging. Plastic packaging helps maintain hygiene and are less susceptible to damage, leaks than glass packaging.
However, the growth of global plastic packaging market is impeded due to several factors. Mandates to control prices of raw materials that are used to manufacture plastic packaging is posing a challenge to the market’s growth. Fluctuating prices of raw material such as petroleum and crude oil is having a negative impact on the plastic packaging market.
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Asia Pacific to Exhibit Strong Presence in Global Email Marketing Industry

  January 16, 2019    No comments
The global email marketing market is fragmented. There is intense competition in the market between players such as Microsoft Corp., IBM, Zoho Corp., Responsys Inc., and Epsilon. These companies collectively accounted for 44% of the market in 2016, states Transparency Market Research (TMR) in its new report. The competition is mainly between established players, who are providing solution and services to end use industries. High investments in various technologies and innovations for email marketing the market. Technical advancements in tools of email marketing solution and the growing research activities for the development of services and solutions will attract new players in the market.

According to the report published by TMR, the global email marketing market is likely to expand at 19.60% CAGR from 2017 to 2025. The market will be worth US$22.16 bn by 2025 after being worth US$4.51 bn in 2016. On the basis of component, the software segment is expected to emerge as the leading one in the forecast period. The increasing uptake of white label software, web based software, and third party standard software is behind the growth of the software segment’s leading position in terms of components. On the basis of enterprise, the small and medium enterprises will adopt email marketing on a larger scale. Small and medium enterprises make use of the email marketing tool for targeting various groups of users to advertise their products, services, and solutions. It is estimated that the small scale enterprises in the retail or commerce business will make the most contribution to the global email marketing industry in the years to come. 

By geography, the market is expected to be led by Asia Pacific. The region is expected to expand at a 22.80% CAGR between 2017 and 2025. North America is expected to witness a sluggish growth in the years to come on account of the various regulatory laws. In North America, the U.S. and Canada the CAN-SPAM Act and CASL act are governing the email marketing practices. However, the growing internet penetration and increasing number of smartphone users may bode well for the North American email marketing market in the coming years.

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Growing Number of Email Users to Fuel Adoption of Email Marketing

The increasing use of emails for communication and various other works is driving the global email marketing market. The number of email users is constantly increasing and this is expected to continue to drive the global email marketing market. Email is the most productive medium for advertising and marketing and by 2019 one third of the population will make use of emails. The growing awareness among users as to how email marketing provides a higher RoI rate than other forms of digital marketing will drive the growth of this market. On the flip side, the growing privacy issues and security concerns will restrict the growth of the global email marketing market.
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Virtual and Augmented Reality – Hollow Trend or Awakening to the Future of Learning

  January 16, 2019    No comments
The global virtual and augmented reality market is extremely competitive with leading players having extensive geographical reach. However, the threat of new entrants is low. Top players within this market are making huge investments in the research and development in this field so as to come up with innovative products and have a strong foothold in the market. With the presence of small players developing virtual and augmented reality products for niche application areas, this market is expected to become more dynamic, states Transparency Market Research (TMR) in its recent research report. The leading companies operating within the global virtual and augmented reality market include: Google, Inc., Microsoft Corporation, Sony Interactive Entertainment LLC, HTC Corporation, and Oculus VR LLC. It is anticipated that the growing application areas of virtual and augmented reality across various end user industries will give the players immense growth opportunities on which to capitalize.

According to TMR, the global virtual and augmented reality market is anticipated to expand at a stupendous and whopping CAGR of 92.50% between 2016 and 2024. On account of this exponential expansion by 2024, this market will cross the figure of US$547.20 bn. On the basis of component, virtual and augmented reality market is currently being led by the hardware segment which is in fact estimated to retain its leading position throughout the forecast period on account of the high demand for technologically advanced mixed reality technologies such as head-up display in the automotive sector.

On the basis of geography, Asia Pacific is witnessing a spectacular growth in the virtual and augmented reality market. China is estimated to be the leading domestic market within Asia Pacific. However, North America is expected to continue to lead in the market. The contribution from the Middle East Africa and South America is low at present, but may increase in the years to come.

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Application of AR in Vehicles for Enhanced Safety to Boost Growth of Market

The global virtual and augmented reality market is witnessing and exponential growth on account of the increasing number of application areas across diverse industries such as education, health care, construction, retail, entertainment, media, gaming, automotives, aerospace, and defense. The major reason behind the expansion of the application areas of virtual and augmented reality is the substantial advancements in the software and hardware of virtual reality and augmented reality technologies. The advanced virtual reality technology applications of head mounted display in vehicles has increased and is one of the key factors boosting the growth of the virtual and augmented reality market overall. The application of augmented reality in head mounted display is offering vehicle drivers much more control of vehicles and enhanced comfort and safety levels.

High Growth Opportunities Ahead as Cost of Software to Drop with Increasing Commercialization of AR and VR Technologies

The advancements in human machine interface has led to a more interactive and informative interface for drivers which will bolster the growth of the virtual and augmented reality market. Increasing efforts by developers and technical considerations by original equipment manufacturers (OEMs) so as to improve the functionalities of AR and VR will drive the growth prospects of this market. On the other hand, extensive funds are required for the research and development in this sector. The high cost of these devices will also deter their adoption. Nevertheless, the consistent innovations in virtual and augmented reality will continue to expand the potential of growth opportunities for players. In addition to this, it is expected that over the years, the cost of software will come down with increasing commercialization of augmented and virtual reality technologies. This will further the adoption of these technologies.
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Hadoop Market – Rising Popularity of Big Data Analytics to Present Long-term Growth Opportunities

  January 16, 2019    No comments
In the consolidated global Hadoop market, the top three vendors, Cloudera, Inc., Hortonworks, Inc., and MapR Technologies, Inc., held a collective share of over 50% in 2014, with small- and medium-sized companies accounting for a nearly 41% share in the global market in the same year. With demand for Hadoop solutions rising at a rapid pace from companies overwhelmed with the persistently mounting volumes of digital data, an increased number of companies will venture in the market in the next few years, states TMR in a recent report.

The largest contributor to the market in 2014 was Cloudera, Inc., which held over 20% of the market. Technology giants such as IBM Corporation and EMC Corporation presently account for relatively smaller share in the market but are steadily contributing towards the further development of this market with innovative Hadoop solutions. IBM Corporation has adopted the course of mergers and acquisitions to bolster its position in the global Hadoop market and could report a greater share in the pie in the coming years, notes TMR.

Better cost effectiveness and faster processing of voluminous quantities of data compared to conventional data processing solutions such as RDBMS are two of the most encouraging factors boosting the global adoption of Hadoop. Other major drivers of the market include the exponentially rising unstructured data volumes, the increased demand for big data analytics, and Hadoop’s potential in bridging the operational gap between managers and database management.

“Cost effectiveness and high speed of data processing are expected to have high impact on the global Hadoop market’s growth over the entire period of 2015 through 2023. However, the impact of the increased demand for big data analytics will be nominal in the short term but strengthen as the time passes,” quoted a TMR analyst.

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Emerging Markets to Deliver Most Profitable Returns

North America is presently the largest regional market for Hadoop, accounting for a share of over 53% in the global hadoop market in 2014. The demand for Hadoop in North America is expected to expand at a steady rate from 2015 to 2023 as well, and the region will continue to be the dominant regional market for Hadoop over the period.

However, the Hadoop market in Asia Pacific is expected to expand at the fastest pace of 30.2 % CAGR over the said period. The Asia Pacific market will present lucrative growth opportunities owing to the rising penetration of the Internet in the region, technologically and digitally improving industrial infrastructures, and the exponentially rising numbers of mobile device users. The global Hadoop market is also expected to see major traction in Europe in the next few years owing to the rising big data management capabilities across sectors such as government, retail, and BFSI in the region.

Owing to the vast growth potential, leading Hadoop vendors are aligning their expansion strategies towards these regions. Cloudera, Inc. has recently opened a new branch in Londdon. MapR has also ventured in the European market via its new subsidiary in Paris.

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These factors will allow the market to tread along a momentous growth path in the next few years. TMR analysts suggest that the market will expand at an exponential 26.3% CAGR over the period between 2015 and 2023. With such excellent growth prospects, the market, which had a valuation of US$308.1 mn in 2014, is expected to rise to US$2,429.0 mn by 2023.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...