Fresh Meat Packaging Market – North America to Continue its Lead

The global fresh meat packaging market is highly fragmented in nature and going forward too is expected to remain the same. In 2015, top ten leading players held just one quarter of the share in the market, vis-à-vis overall value. Some such prominent participants are Sealed Air Corp., DuPont, and Amoco Ltd.

In order to steal a march over their competitors, most savvy players in the global market for fresh meat packaging are investing heavily in product innovation to come up with a more diverse offering. This way, they are trying to tap into a much wider client base. The companies are also seen leveraging mergers and acquisitions to bolster their positions.

A report by Transparency Market Research finds that the global market for fresh meat packaging will likely expand at a lackluster CAGR of 2.3% during the period between 2016 and 2026. At this pace, the market, which was worth US$1.92 in 2015 will become worth US$2.47 bn by the end of 2026.

Some of the key technologies used in the global market for fresh meat packaging are vacuum skin packaging (VSP), modified atmosphere packaging (MAP), and vacuum thermoformed packaging (VTP). Among them, the technology of VSP is seeing maximum uptake and in the future will see even more adoption. The TMR report predicts the segment to become worth 32% by 2026-end.

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Geographically, the key segments of the global market for fresh meat packaging market are Latin America, North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. At present, North America holds a sway over the market and will likely maintain its firm position in the years ahead too. This is because of the quick uptake of fresh meat packaging among meat producers and the rising investments in research and development. The market in North America accounted for about 36% share in the market in 2015.

Primarily fuelling the global fresh meat packaging market is the growing urbanization, worldwide, and the rising awareness among people pertaining to the risks involved in consuming food such as meat not packaged properly. “Fresh meats, in particular, need superior forms of packaging as they can be easily infected. The types of fresh meat packaging that have been launched in the market in the past couple of years have allowed meat to be stored for longer periods of time and this has consequently allowed market players to tap into a much wider client pool, globally,” says the lead analyst of TMR.

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Competition among Players in Smart Baggage Handling Systems Market Increase Tremendously

Intense competition exists among the well-established players within the global smart baggage handling system market, as all of these players are constantly innovating their product offerings so as to attract more customers, states Transparency Market Research (TMR) in its latest research report on this market. Tremendous potential of growth opportunity lies within the smart baggage handling system market as this market is huge. This also implies that many new players will be attracted towards joining this market and therefore the threat of new entrants is high. Not only will this result in cut throat competition among players within the market but also it will ultimately result in product innovation as this becomes the key strategy for business growth of each of the manufacturers. Names of the key players operating within this market are SITA, Beumer Group, Vanderlande Industries, Alstef Automation S.A., Fives Group, G&S Airport Conveyor, Pteris Global Limited, Scarabee Systems & Technology B.V, and Daifuku Web Seimens Group.

Aspartame are, the global smart baggage handling system market will exhibit a whopping 19.30% CAGR between 2016 and 2025 and will rise up to US$7,210.8 mn by 2025. On the basis of geography, North America is predicted to Showcase a substantial growth of 20.5% cagr between 2016 and 2025 on a ground of the development of new airports across the region. In terms of Technology, it is expected that the radio frequency identification system (RFID) will exhibit promising growth in the years to come. By transportation, it is anticipated that the International Airport segment will hold key shares within the market.

Travellers Increasingly Seek Facilities Offering Better Transit and Safe Conveying of Baggage 

According to the lead author of this report, “the tremendous increase in traveling of late due to factors such as cross country business, globalization, trips, immigration, and emigration is anticipated to bolster the growth of the global smart baggage handling system market.” There is a growing need for better baggage handling systems at airports and railways as travellers are seeking better Transit facilities and expecting their baggage to be safely conveyed. This is compelling airport authorities as well as Railway operators to implement improved baggage handling systems for travellers.

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Increasing Concerns over Smuggling of Prohibited Goods to Drive Demand for Smart Baggage Handling Systems

As relying on high-end systems for sorting baggage can give a boost to the efficiency of handling baggage at airports while reducing manual work, smart baggage handling systems are increasingly being the preferred. With growing concerns such as smuggling of illegal items or transit of items that are not permitted through flights and train are also resulting in a higher demand for smart baggage handling systems. Apart from all these factors, the growth in the infrastructural developments resulting in developments of better railway stations and airports worldwide will accelerate the growth of the global smart baggage handling systems market.

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Industrial Computing and Handheld Devices Lead Demand for Rugged Electronics Market

According to a fresh business intelligence study by Transparency Market Research (TMR), the global market for rugged electronics is characterized by a presence of a large number of key players that renders intense competition among them. Due to the rising applications of rugged electronics, key players in the market are vying to introduce novel products, thus intensifying competition amongst them.

Prominent names in the global rugged electronics market include Siemens AG, Artesyn Embedded Technologies, Mountain Secure Systems, Crystal Group Inc., General Dynamics Corporation, Kontron AG, NCS Technologies Inc., Schneider Electric SE, Trenton Systems Inc., XES Inc., Systel Inc., Comark Corporation, Core Systems, Curtiss Wright Controls Electronic Systems Inc., General Micro Systems, Leonardo DRS, Rave Computer, Schweitzer Engineering Laboratories, Westek Technology Ltd., and ZMicro Inc.

According to the TMR report, the global rugged electronics market is likely to clock a solid 8.1% CAGR over the 2017-2025 forecast timeframe. Rising at this rate, the market’s valuation of US$9.4 bn in 2017 will become US$17.46 bn by 2025. Product-wise, the industrial computing and handheld devices segment is anticipated to emerge significant in the overall market due to their increasing adoption in a host of industries such as power, transportation, defense, and adventure sports. The defense end-user segment is likely to display the leading growth rate and hold the leading market share over the report’s forecast period. Powered by the U.S, North America is likely to contribute significant revenue to the rugged electronics market in the upcoming years.

Efforts to Adopt Smart Combat Systems Crucial for Rugged Electronics Market

One of the key growth drivers of the rugged electronics market is the rising applications of rugged electronics in the defense sector. Modern warfare capabilities considerably bank on communication devices that are monitored by computer systems deployed at a central control unit and use of modern electronics in various combat systems. The steady demand for rugged electronics from the defense sector has been a boon to the rugged electronics market. This is to provide reliable equipment that can function optimally even at battleground. Several nations worldwide are expanding their defense budgets to enhance warfare capabilities with smart combat systems rather than bulky and voluminous war weaponry.

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The power industry is also a playing a pivotal role in the development of the rugged electronics market. The rising demand for smart grids to minimize energy loss and for maximum efficiency of distribution has led to investment in the power sector. This is leading to the adoption of hi-tech equipment such as rugged electronics that can sustain ambient fluctuations. As the power sector is heading to become almost completely free of human supervision, the use of rugged electronics could become a key element of the transformation.

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TD-LTE Ecosystem Market – North America Highly Lucrative Region

A fresh study by Transparency Market Research (TMR) suggests that a number of companies are currently connected to the value chain of the global TD-LTE ecosystem market, which is a clear indication of widespread opportunities in a developing market scenario. The report identifies Huawei Technologies Co. Ltd., Nokia, Samsung Electronics Co. Ltd., Telefonaktiebolaget L. M. Ericsson, AT&T, Inc., ZTE Corporation, Qualcomm Inc., MediaTek, Inc., Broadcom Corporation, and Spreadtrum Communications Inc. as some of the most prominent companies in the global TD-LTE ecosystem market.

As per the projections of the report, the demand in the global TD-LTE ecosystem market will increase at a phenomenal CAGR of 24.4% during the forecast period of 2017 to 2025, estimating it to achieve a global worth of US$264.00 bn by 2025, mounting from its evaluated valuation of US$40.80 bn in 2016. The report notes that a number of significant TD-LTE network deployments have occurred in the past three years, such as Sprint in The U.S., Bharti Airtel in India, and SoftBank in Japan, as a result of spectrum availability and decreased deployment costs. China based vendor, Huawei, is a highly respectable name in the global TD-LTE ecosystem market. The company signed a US$45.0 mn contract with Italian ISP Tiscali in September 2016. On the other hand, Ericsson also holds a significant chunk of shares in the global TD-LTE ecosystem market, capitalizing on upcoming deployment opportunities in both Asia Pacific and Europe.

Equipment-wise, macro cells have considerably more demand than small cells, whereas on the basis of device type, notebooks serve maximum revenue share of the market, than other segments including PCs, smartphones, routers, and tablets. Application-wise, the market for TD-LTE ecosystem has been classified into retail, banking institutes, healthcare, and personal uses. Geographically, North America currently is the most lucrative regional market, although Asia Pacific offers widespread opportunities too.

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Escalating demand for LTE with growing ubiquity of smartphones is the primary driver of the global TD-LTE ecosystem market. Apart from smartphones, the growing propagation of an array of other Internet enabled mobile devices such as tablets and e-readers has led to increasing consumer need to access ‘on the go’ rich content. Popularity of social media has caused an explosion of mobile data traffic, generating exceptional demand on the network of wireless operators. Bandwidth concentrated applications, especially video-based, render the restricted access and the gap that the clients are progressively facing between peak rates in actual experiences every day and perfect conditions. Therefore, it is vital for operators to confirm that the average mobile experience of the users is not negotiated especially in high traffic areas.

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Global SD-WAN Market – Booming Retail Sector Propelling Growth

The market for SD-WAN, acronym for software-defined wide area network, holds massive potential. It is highly competitive on account of savvy players launching more cutting-edge products every now and then. The players are also seen to be leveraging strategic partnerships to enhance their positions further. Some are offering both on-premise and could-based WAN management solutions to tap into more service providers and large companies.

Some of the prominent participants in the global SD-WAN market are Silver Peak, Inc., Cloudgenix Inc., Nuage Networks, Talari Networks, Inc., VeloCloud Networks, Inc., Fatpipe Networks Inc., Versa Networks, Inc., Viptela, Inc., Riverbed Technology, Inc., and Citrix Systems, Inc.

A report by Transparency Market Research finds that the global SD-WAN market will expand at a cracking pace in the years to come. It projects the market to expand at a phenomenal 51.4% CAGR between 2017 and 2025. Rising at this rate, the market will likely become worth US$34.35 bn by 2025.

BFSI Vertical Catapults North America Market to Forefront

Depending upon the type of vertical, the global SD-WAN (software-defined wide area network) market can be divided into retail, banking, financial services, and insurance (BFSI), healthcare, IT and telecom, government, and manufacturing, among others such as oil and gas and mining and transportation. Among them, the BFSI segment is predicted to account for a dominant share in the market on account of their swift uptake of SD-WAN solutions. In terms of growth rate, however, the manufacturing segment is slated to outpace the others by clocking a phenomenal CAGR of 53.0% between 2017 and 2025.

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Based on geography again, the global SD-WAN (software-defined wide area network) market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America, of them, serves most of the demand in the market on the back of the BFSI sector. The region currently holds the leading share and going forward too is expected to retain that share due to many prominent companies being domiciled in the region. The market in North America is slated to attain a value of US$13.923 bn by 2025.

Proliferation of Data Driving Market

Massive proliferation of data, worldwide, and increased flexibility offered by SD-WAN solution is the primary growth driver in the global SD-WAN (software-defined wide area network) market. Soaring popularity of cloud computing is also leading to growth in the market.  “In addition, the additional safety and ease in resource provisioning associated with SD-WAN solutions are also expected to add to the market’s growth,” explains the lead analyst of the report.

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Connected Logistics Market – Asset Management to hold Dominant Market Share

The global connected logistics market seems fragmented due to the presence of numerous small and large players operating in the market. Leading players in the market are focusing on implementing various business development strategies such as mergers and acquisitions, partnership, collaborations, and introduction of new products that will help the players to maintain a competitive edge in the market.  Microsoft Corporation, International Business Machines Corporation, Google Inc., Oracle Corporation, NETSUITE Inc., Amazon Web Services Inc.,   Infosys Limited, and   Dynatrace LLC are some of the key leading players operating the connected logistics market at the global level.

According to Transparency Market Research, the global connected logistics market is projected to expand at healthy 17.8% of CAGR during the forecast period between 2017 and 2025. Thus, rising at this growth rate, the valuation of the market is expected to reach US$55.17 bn by the end of 2025. In 2016, the valuation of the market was US$10.21.

Based on services, the asset management service segment is projected to dominate the market on the accounts growing development in the infrastructure of logistics and transportation. Rapid globalization has also augmented the demand for asset management services that are further likely to benefit the market’s growth. On regional front, North America holds a maximum number of share in the global market. Growing demand for integrity control and proper logistics for delicate products have led the dominance of this region. On the other hand, Asia Pacific is expected to rise at a significant growth rate due to flourishing e-commerce sector where real-time tracking devices play a crucial role.

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Rising E-Commerce to Drive Connected Logistics Market 

The world is now driven on the internet and other technologies that have grown the connectivity among the producers and customers at a massive rate. Nowadays, online purchases have grown largely as compared to retail store purchases. The growing e-commerce requires better and advanced logistics that can provide an effective and smooth supply of good, thus this has improved the demand in the global connected logistics market. Moreover, the demand for connected logistics has increased dramatically because some of the pharmaceuticals products are sensitive while transportation, however through connected logistics manufacturers are alerted to take effective steps before the product is damaged.

Tampering Single Device in a Group of Connected Devices can Hamper Crucial Information 

Despite the growing demand for connected logistics, few restraining factors might deter the market’s growth during the forecast period. One of the major factor is rising use of multiple devices across enterprise that has increased the threats and have increased the need for better safety and confidentiality of data. As large number of devices are connected, interfering with even a single device in the network can lead to potential threat for the company. Therefore, connected devices require focused security solution, which cannot be met by PC security solutions for IoT embedded devices.

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Plastic Packaging Market – Proliferation of Food & Beverage Industry Fuels Growth

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.

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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.

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