Plant-based Plastic Packaging Market is driven by Huge Demand Generated from Giant End User Companies

In the age of green chemistry, plant-based plastic packaging is one of the greatest milestones ever discovered. Nevertheless, many private companies and government agencies have been working on research and development to make plan-based plastics packaging more established. Plant-based plastic are made from agricultural waste, sugar cane, switch grass or grasses and corn. Moreover, manufacturers are using plant-based oil in plant-based plastic packaging for processing plastic instead of using petrochemicals in order to make it more environmental friendly.

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Plant-based plastic packaging helps to reduce greenhouse gases by up to 35% and takes up to 36% less energy to make as compared to conventional plastic packages. Several products are being launched in the global plant-based plastic packaging market. For instance, in April 2011, P&G (currently acquired by Coty Inc.) introduced its range of shampoos under the brand name Pantene rapped with plant-based plastic packaging. Coca Cola Company is another example of switching to plant-based plastic packing from traditional packaging. The company is focused to convert all the Coca Cola packaging made of plant-based by 2020 as per its green initiative plan.

Nevertheless, AT&T uses packaging that contains 30% plant-based materials sourced from sugarcane ethanol. Also, partnerships ramp up in the global plant-based plastic packaging market to meet the increasing demand for plant-based plastics packaging from the end user industries. For instance, in August 2016, Canada-based Solegear Bioplastic Technologies Inc. and r-pac International, a leading global supplier of retail packaging introduced plant-based packaging for leading smartphone case. Plant-based plastic packaging costs six to seven times more than conventional plastics.

Biodegradable nature of these plastics is expected to be the major factor driving the demand for plant-based plastic packaging market in the forecast period. Also, huge demand generated from giant end user companies including Coca-Cola Co., Ford Motor Co., H.J. Heinz Co. and Nike Inc. is another driving factor for the global plant-based plastic packaging market to increase the revenue. High cost of plant-based plastic packaging among the small and medium size enterprises, creates restraints to generate more revenue in the global plant-based plastic packaging market. However, with the technological advancement, quality of plant-based plastic packaging has been improving gradually. Consequently it generates more demand from the end user industries and may create a lucrative opportunity for the global plant-based plastic packaging market.

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Clamshell and Tray Cartons Market is Growing Due to High Demand for Convenient Packaging

The clamshell is a plastic container comprising of two halves, which are joined by a hinge area for closing the container. Clamshell and tray cartons are the economical replacement for expensive polypropylene boxes. The market of clamshell and tray cartons is growing at significantly high growth rate as global packaging industry growing at a rapid CAGR.

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Clamshell and Tray Cartons Market: Dynamics

The principle factors driving the market of clamshell and tray cartons are increasing domestic income, significantly high demand for convenient packaging, growing packaging market and rapid rate of urbanization. Other factors driving the market of clamshell and tray cartons are growing fast food industry, increasing innovation in the packaging industry, etc. The growth in the industries such as electronic, electrical, food and beverages, fast moving consumer goods (FMCG), cosmetics, pharmaceuticals, etc. also driving the growth of global clamshell and tray cartons market.

The availability of a wide range of innovative packaging solutions is likely to have a significant influence on the demand for clamshell and tray cartons market during the forecast period. The cost requires for the clamshell and tray cartons manufacturing is relative which finally leads to increasing cost for the final packaging of the product. The key factor trending the clamshell and tray cartons market are the replacement of old, unattractive packaging with high-quality polypropylene packaging. The company manufacturing clamshell and tray cartons have a significantly high opportunity in regions such as Asia-Pacific, Latin America, and Middle East Africa as in these regions the packaging industry is experiencing significantly high growth rate which will lead to the growth of clamshell and tray cartons market.

Clamshell and Tray Cartons Market: Segmentation

Clamshell and tray cartons market is segmented into nature of offering, end use, and by region. By nature of offerings the clamshell and tray cartons market is sub-segmented into the custom clamshell, stocked clamshell, and others. Among these custom clamshell market has significantly high value and volume share. The global clamshell and tray cartons market is segmented by end-use as electronics, electrical, FMCG, pharmaceuticals, and others. The electronics segment has the significantly high-value share with strong growth rate.

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Single Serve Packets Market is driven by Rising Concern Among the Consumers About the Legitimacy of Products

A single serve packets is a small pouch made from foil, paper, or plastic film. Single serve packets usually used to pack single-use quantities of consumer goods such as foods, ketchup, or shampoo. The market of single serve packets is growing at significantly high growth rate as global packaging industry growing at a rapid CAGR.

Single Serve Packets Market: Dynamics

The growth of global single serve packets market is driven by the rising concern among the consumers about the legitimacy of products they buy due to the availability of counterfeit FMCG and pharmaceutical products in the market. To counter the same, manufacturers are also opting for new packaging technologies for their products that not only confirms the authenticity of their products; it also helps in endorsing their products. Furthermore, due to various advantages of single serve packets such as increasing shelf life, convenience in travelling, and less weight and space required for product can be attributed to the growth of global single serve packets growth.

Some of the trends identified in the global single serve packets market are partnerships among the single serve packets providers and consumer product manufacturers, growing sampling trend. However, the cost of single serve packets is a costlier compared to large packets might hamper the growth of global single serve packets market globally. The company manufacturing single serve packets have significantly high opportunity in regions such as Asia-Pacific, Latin America, and Middle East Africa as in these regions the packaging industry is experiencing significantly high growth rate which will lead to the growth of clamshell and tray cartons market.

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Single Serve Packets Market: Segmentation

Basically, single serve packets market is segmented into packaging material, end use, and by region. On the basis of packaging material the single serve packets market is segmented as plastic and paper. Plastic packaging is further sub-segmented into polyethylene, polypropylene, polyamide, polystyrene, polyvinyl chloride, and others. Among these plastic packaging market has significantly high value and volume share. The global single serve packets market is segmented on the basis of end use as cosmetics, food, FMCG, pharmaceuticals, and others. The food segment has the significantly high-value share with substantial growth rate, followed by FMCG industry.

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3D Sensor Market to Bring Revolution in AI Industry

The sensor industry is witnessing substantial technological advancements across IT & telecommunication and electronics industry. Developments in electronics industry that saw the introduction of an upgraded 3D sensor has changed the way services are being delivered in the sensor business. Rise in demand for smartphones and increased requirement for improving performance of electronic devices is driving the growth of the 3D sensor market. Such sensors find a number of applications in different industry verticals such as consumer electronics, healthcare, industrial robotics, automotive, and security and surveillance. The market for 3D sensors is forecast to reach US$ 2,556.6 Mn by 2026 from US$ 1,292.2 Mn in 2016, recording a CAGR of 7.2%.

The 3D sensor market has seen demand traction due to rising demand for smartphones, with consumer electronics holding the largest share. One of the most important features in mobile communications is to unlock the mobile by 3D face recognition as a replacement of fingerprint or PIN. Making authentication more convenient and more secure, it may soon become indispensable for mobile payment applications and mobile ID. Healthcare, automotive, and aerospace & defense are the leading verticals in terms of adopting 3D imaging which provides a number of advantages for inspection applications. These are some drivers that are expected to drive the 3D sensor market during the forecast period.

Further, 3D imaging has seen quick and extensive adoption in the industrial sector. Smart image sensors and other industrial developments continue to expand the abilities of 3D imaging for industrial applications. With the growing demand for gesture exploration application, 3D sensors play an significant role in improving the performance and effectiveness of a huge complex system in sectors such as electronics and automotive. From robotic navigation to building automation and gesture recognition, 3D sensors allow for determined elasticity to customize every feature of a camera’s design to make the most appropriate product.

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However, 3D sensors face a challenge due to higher cost of installation. 3D imaging systems certainly provide more information than 2D systems, but they are a lot more complicated in nature. The main problem with 3D essentially is calibration and getting measurements to some calibrated standard that generally requires much more information than a planar calibration. The generation of 3D data with 2D cameras usually involves combining several 2D cameras for creating a single 3D image and this requires more precise illumination when compared to taking a single 2D image. Moreover, the cost of 3D imaging systems is another barrier and these systems do not cater to the price-sensitive markets. Thus, the technical difficulties and high cost involved while producing 3D images are the major impediments to the widespread adoption of these systems.

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As Genomics Grows, Future For Bioinformatics Software Market is Bright

Bioinformatics is a branch of science that uses technology to collect vital information pertaining to the bioengineering, biology, and biotechnology domain to present a logical analysis. To perform the analysis, it uses various software tools, which are specifically designed to generate a biology analysis termed as bioinformatics software. Today, these tools are being used for creating predictive modeling and expression analysis of various genes and phenotypes. Adoption of bioinformatics software tools has significantly reduced the technical burden, introduced accuracy, and enabled efficiency in the way scientific research is conducted.

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Increase in need for integrated data across the bioengineering, biology, and biotechnology domain, is anticipated to drive the bioinformatics software market in the near future. Moreover, significant demand for proteomics and genomics is also expected to boost the market globally. Furthermore, adoption of bioinformatics software solutions for drug discovery and development across industries, and government initiatives for bioinformatics standardization are anticipated to drive the global bioinformatics software market during the forecast period.

However, the need for skilled personnel for the successful operation of bioinformatics software and solutions is expected to obstruct the market growth in the coming years. Further, pharmaceutical sector saturation is also anticipated to hinder the market growth in international and domestic markets. Need for integrated bioinformatics’ solutions, , and bioinformatics system standardization is anticipated to create lucrative market for bioinformatics software solution providers.

The market is also thriving due to the emerging trend of outsourcing bioinformatics services and the outstanding technological advancements in the corresponding field. The entry of several new players who are taking up contracts to deliver bioinformatics services along with offering value added services has tremendously boosted the global market. The growth of the pharmaceutical industry and the evolution of the healthcare industry have been the turning points for the global bioinformatics software market for predictive modeling and expression analysis.

The bioinformatics software market can be segmented based on technology and service, application, deployment, end use, and region. In terms of technology and service, the market can be segregated into bioinformatics platform, and bioinformatics content management tools, among others. Based on applications, the market is cross segmented as genomics, chemoinformatics and drug design, proteomics, transcriptomics, and metabolomics. Furthermore, based on end-use, the market is sub divided into medical bioinformatics, animal bioinformatics, agriculture bioinformatics, academics, and microbial genome among others. Additionally, on the basis of deployment mode, the market is categorized as on-premise deployment and cloud deployment.

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Grow Light Market Will Shape the Future of Indoor Farming

The global market for grow light has intense competition among the manufactures and the service provider, observes Transparency Market Research (TMR). The prominent players in the market are making efforts to grow their geographical reach by investing in mergers and acquisitions. These players are also expanding their reach in emerging economies to grab opportunities in those regions. Prominent players in the global grow light market include Illumitex, LumiGrow Inc., Philips Lighting, General Electric Company, Heliospectra AB, OSRAM Licht Group, Gavita International B.V., and Sunlight Supply, Inc.

According to TMR, the global grow light market is expected to increase at 8.46% of CAGR during the forecast period 2017 to 2025. The valuation of the market is anticipated to reach US$6.59 bn by the end of 2025.

On the basis of technology, the LED segment is expected to lead the market owing to the vast advantages of LED lights. LED lights are energy efficient, long life, and provide accurate light for the growth of the plants. Geographically, Europe is leading the global grow light market and is projected to do so over the forecast period. The valuation for this market in Europe is expected to reach US$ 1.91 bn by the end of forecast tenure.

Growing Significance in Agriculture Sector will Boost Demand for Grow Lights

Technological advancements in grow lights are considered as one of the major driving factors. Growing significance of grow lights in several applications such as in the greenhouse, indoor farming, turf, and vertical farming has also benefited the grow light market. Rising government initiatives to make people aware of the benefits of using LED lights and running schemes on it will boost the demand for grow lights.

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Grow light is also making a remarkable change in the agriculture sector. These lights help in cultivating plants in an enclosed environment or in places where there the light is insufficient. Farmers are largely benefitted as they can cultivate healthy plants irrespective of the weather conditions or the season. As the trend for indoor gardening is increasing, grow lights will be very effective for the growth of plants grow indoors.

Horticulture, food production, plant propagation, and hydroponics are some of the main areas where grow light is used on regular basis. Furthermore, the growing popularity of vertical farming and farming within cities have grown demand for grow lights at a tremendous rate. The use of these lights will further rise the production of crops regardless of the availability of fertile land or climate. Numerous types of lights are used to create a fitting light spectrum that can support the process of photosynthesis in plants.

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Wi-Fi Chipset Market – Evolution of Wi-Fi Brings Us Closer to a 5G Future

The use of Wi-Fi chipset has grown largely across the globe, as it helps in connecting two or more devices through wireless communication in a limited area. These chipsets are used in WLAN cards, adapters, computers, mobile phones, and laptops to transfer data at a high speed. Nowadays various devices such as digital printers, digital cameras, video-game consoles, and other smart devices are available with inbuilt Wi-Fi technology, which means that increasing demand for these devices will simultaneously boost the demand for Wi-Fi chipset. The demand for Wi-Fi chipset is increasing due to rising adoption of advanced technologies that help in transferring data instantly and consume low power. Moreover, the rising demand for virtual reality, WiGig in multimedia streaming, and enterprise applications, which require wireless docking and high speed is creating high demand for Wi-Fi chipsets.

The global Wi-Fi chipset market is classified on the basis of application and IEEE standards. Personal computers, smartphones, access point equipment, tablets, smart-home devices, and others are the key segments under the application category. High demand for smartphones integrated with Wi-Fi System on Chip (SoC) technology is projected to be the key driver of the smartphone segment during the forecast tenure.

The report gives an in-depth analysis of the global Wi-Fi chipset market, covering drivers and restraints. Furthermore it presents insights into trends and opportunities affecting growth of the market. The report also elucidates geographical analysis with in-depth analysis of segments derived through factual knowledge.

Global Wi-Fi Chipset Market: Trends and Opportunities 

One of the major factors responsible for the growth of the Wi-Fi chipset market is rising number of smart cities in developing economies. Mostly, countries in Asia Pacific are working on building smart cities on a large scale. Technological advancements in Wi-Fi technology and increasing usage of Wi-Fi in homes, offices, and in public places have grown the demand for Wi-Fi technology immensely.

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In addition, growing number of people under the middle-income group in developing economies is driving the need for smart cities. For instance, smart-city plans in India and China where there are hundreds of projects costing in billions are expected to accelerate the demand for Wi-Fi technology. Various global conglomerate such as RailTel, Larsen & Toubro (L&T), Google, and IBM and are working on Wi-Fi network management for the smart city projects.

Global Wi-Fi Chipset Market: Geographic Analysis

The global Wi-Fi chipset market is expected to witness high growth in Asia Pacific. Asia Pacific is expected to hold the highest share in terms of revenue in the global Wi-Fi chipset market during the forecast period. The rising demand for smartphones and tablets with integrated Wi-Fi technology in China and India is one of the key factors favoring growth in this market. Availability of public Wi-Fi hotspot connectivity in these countries is also growing demand for Wi-Fi chipsets. Moreover, increasing use of Wi-Fi technology in retail, healthcare, and manufacturing in Asia Pacific has contributed to the market dominance of this region.

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