Used Vehicle Market 2019 Capacity, Production Value and Future Demand Analysis Report 2026

A used vehicle, or secondhand vehicle, or pre-owned vehicle, is a vehicle that was previously owned by one or more retail owners. Used vehicles are sold through traditional walk-in used car stores, online platforms, and independent vehicle dealers. Furthermore, franchises, including social media and online used-car companies, help people buy and sell used cars.

Demand for the vehicle subscription services has been rising in the last few years. A vehicle subscription service is an alternative to owning or leasing a vehicle. By opting for a subscription service for a vehicle, a consumer can use a vehicle on a monthly basis by paying a monthly fees, which includes maintenance, insurance, and roadside assistance.

Customers get value for money, which is expected to be a major factor that drives the used vehicle market. Increase in number of automobile manufacturers operating in the used vehicle market along with increasing number of online vehicle dealerships has changed the perception of the customer about the quality of used cars. Moreover, rapid change in technology or introduction of new models of vehicle at short intervals allows customers to sell or exchange their old vehicle with a new vehicle. A key restraint for the used vehicle market is expected to be the expansion of car-sharing services.

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The global used vehicle market can be segmented based on vehicle type, vehicle class type, fuel type, vendor type and region. In terms of vehicle type, the used vehicle market can be segregated into passenger vehicle segment, which can be further sub-segmented into mini, hatchback, sedan, SUV/MUV, sportscar, and others. In terms of vehicle type, the market can also be split into commercial vehicles, which include light commercial vehicles and heavy commercial vehicles.

Based on vehicle class type, the used vehicle market can be bifurcated into mid-size vehicle, luxury vehicle, and premium vehicles. Based on fuel type, the used vehicle market can be divided into petrol, diesel, natural gas, and others. Based on vendor type, the market can be classified into organized, unorganized, online, and offline.

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The Future Promise of Vehicle-to-Grid Technology Market | A Comprehensive Review and Research Agenda

Vehicle-to-Grid is a system in which reciprocal, bi-directional electrical energy flow occurs between plug-in electric vehicles (BEV and PHEV) and the power grid. Vehicle-to-grid technology is used to provide power to help in balancing the loads, that is shifting demand form high to low or low to high and it can also be used as power backup.

Consistent rise in the rate of adoption of electric vehicles is anticipated to propel the Vehicle-to-Grid technology market during the forecast period. The long-term cost-effectiveness, eco-friendliness, of electric vehicles and significant cost reduction and longer running distance capabilities of EV batteries are prompting consumers to adopt electric vehicles. In 2010, the global average price for an EV battery was US$ 1,000 per kWh. By 2015, its price had declined to US$ 350 per kWh.

In 2015, nearly 462,000 people around the world bought electric cars, a significant rise of approximately 59% from 2014. The supply of electric cars has been growing since 2010, with marginally higher sales of battery electric vehicles (BEVs) than those of plug-in hybrid electric vehicles (PHEVs). Moreover, severe regulations enforced globally by regulatory bodies on vehicle carbon emissions are also anticipated to boost the adoption of electric vehicles. This, in turn, is projected to propel the Vehicle-to-Grid technology market, as various electric vehicle OEMs are providing vehicles installed with Vehicle-to-Grid technology. Hasty usage of renewable energy sources is a key factor that is boosting the market for Vehicle-to-Grid technology.

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However, there are key issues that have to be overcome before adoption of the Vehicle-to-Grid technology. An obligation to develop a cleaner energy infrastructure, strong economic subsidy for consumers, and advances in research are driving the Vehicle-to-Grid technology market at a rapid pace.

Based on vehicle type, the Vehicle-to-Grid technology market can be divided into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), fuel cell vehicles, and others. Battery operated electric vehicles are pure electric vehicles, and the wheel drive is obtained from torque generated by an electric motor, thus eliminating the need for an internal combustion engine. The BEVs segment is expanding at a significant pace, as these vehicles produce zero emission and are being adopted at a higher rate in Europe.

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Personalized Packaging Market – Regional Industry Segmentation, Analysis by Production, Revenue and Growth Rate by 2025

According to the latest market report published by Transparency Market Research titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury packaging. The increasing customization in packaging across the nations has given a major boost to the personalized packaging market.

Based on material type, the global personalized packaging market has been segmented into glass, paper & paperboard, plastic, and metal. The paper & paperboard segment is further clqassified as corrugated, carton board, and paper; the plastic segment is segmented ahead into HDPE, LDPE, LLDPE, PP, PET, and others. By packaging type, global personalized packaging market is segmented into bottles, containers & jars, bags & pouches, cartons, envelopes, and boxes.

By end use, only beverages and food segment are considered, beverages segment is further segmented into alcoholic and non-alcoholic beverages, food segment is segmented into baby food, sauces & dressings & condiments, dairy products, bakery & confectionery, and others sub-segments. Alcoholic beverages are further categorized into beer, wine and spirits, non-alcoholic beverages are categorized into soda, juice, milk and bottled water.

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Among packaging types, the bottles segment is expected to dominate the market during the forecast period, with an estimated market value share of 24.0%, in 2017. However, bags & pouches segment is expected to be the most attractive segment in terms of growth rate during the forecast period. Among end-use segments, beverages segment is expected to dominate the market throughout the forecast period. Increasing customization in beer glass bottles is expected to boost the growth in the personalized packaging market.

Among geographic market segments, the APAC region is anticipated to lead the global personalized packaging market, during the forecast period. The market for personalized packaging in APAC is projected to register the highest CAGR of 7.0%, during the forecast period, in term of value.

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Reusable Ice Packs Market Technological Growth 2019-2024 with Types, Applications and Top Companies

Reusable ice packs comes under hot and cold therapy which is utilized by several industries for various applications. Each reusable ice packs can be utilized in numerous ways either cold by keeping in the freezer or hot by keeping in a microwave for a short period of time. Reusable ice packs are made up of high density polyethylene, cross-linked polyacrylate polyalcohol co-polymer refrigerant and polymer. The bag which is used to store the reusable ice packs is made up of polyethylene.

The reusable ice packs offers wide applications and multiple features that has augmented the demand of reusable ice packs in several industry. Several features of the reusable ice packs include, compact design which is easier to carry, product durability, frozen longer, hydrates quickly, and non-toxicity. Medical industry has high utilization of such reusable ice packs, in physiotherapy, sports injuries, muscle spasms, quick pain relief for back pain, and menstrual cramps.

Similarly pharmaceutical industry utilizes the reusable ice packs during the transportation of drugs to maintain the temperature, product stability by providing essential and suitable temperature. Food industry has utilization of reusable ice packs in transportation of products which require critical temperatures. Multiple industries require reusable ice packs as they provide leak free, non-toxic and safe to use products. These features have augmented the demand for reusable ice packs market globally.

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Additionally the reusable ice packs offer more flexibility, high performance, heat sealability, high strength, light weight, safe to use, versatile, less price and improved speed. Recently manufacturers have started to provide product customization this would improve the product sales and will attract more customers. Consumers can customize the size, shape, color and even the graphics over the reusable ice packs. As the number of local players is high the reusable ice packs industry faces huge competition among the local players, absence of big players is also observed in the global reusable ice packs industry.

Based on geography, the reusable ice packs market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East-Africa (MEA). At present, North America observes a leading position in the market as USA followed by Europe. The major driving factors which have driven the growth of the reusable ice packs market in this region is that the industry has extensive number of local players. Asia-Pacific has significant share in the reusable ice packs market as the manufacturing cost of the product is low and multiple players are supplying the product worldwide.

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Self-Heating Food Packaging Market Expectations & Growth Trends Highlighted Until 2024

Self-heating food packaging is a type of packaging which has the ability to heat food contained without external heating sources or power. Self-heating food packaging use an exothermic chemical reaction to cook food. Self-heating food packaging is used when conventional cooking is not available, for example, during natural disasters or in military operations. To heat the food, the consumer has to simply press a button at the bottom of the package. The compact modular heat source in the self-heating food packaging is just the size of a small tea candle.

This food-safe material which is utilized in self-heating packaging not only provides high energy content but also a controlled rate of thermal emissions, i.e., heat. The end result is the consumer gets the food heated in hand with less than two minutes. The material used in Self-heating food packaging is safe to use with no liquid spills, no smoke and flames, and is also easy to hold.

The self-heating food packaging market can be segmented on the basis of packaging type, food type and on the basis of region. On the basis of packaging type, the self-heating food packaging market can be segmented into cans, containers, packs, bags and others. On the basis of food type, the self-heating food packaging is segmented into meals, baby foods, soups, noodles, meat, tea and coffee. On the basis of region, the self-heating food packaging is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa (MEA).

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Demand for sustainable packaging material has become a trend in the self-heat food packaging industry due to the latest advancements and significant benefits offered by the method and also, the use of high barrier sheets assure that important aspects related to food such as its safety, consumer convenience and attractive design is taken care of. All these supporting factors have led to the increased demand for self-heating food packaging.

The primary target market for self-heating food packaging are the companies producing beverages and shippable soups, particularly those beverages that can be served hot. Convenience innovation is driving the growth of self-heating food packaging market as a majority of the consumers or population follow a busy lifestyle and seek fast and easy-to-use options.

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Trends in Halal Packaging Market – Get In-depth Industry Analysis by TMR

The term ‘Halal’ refers to permitted under Muslim law. Many of us assume that the term ‘Halal’ refers to food only; however, Halal certification can apply to a number of categories, including food, beverages, pharmaceuticals, healthcare, cosmetic products, and also packaging. Increasing population of the Muslim community across the world, coupled with increasing awareness about Halal certification, is anticipated to drive demand for Halal products and services across the world in the coming years.

Major growth drivers for the Halal packaging market include: growing Muslim population across the world, increased marketability of products due to Halal certification, and improved awareness about Halal certified products and services. However, the increased cost of products in case of carrying out customized Halal packaging can pose a threat to the market growth.

The Halal packaging market can be segmented on the basis of end use industry, which typically includes food and beverages, cosmetics, and others. It can also be classified on the basis of various materials such as plastic and paper.

As the name suggests, Halal packaging involves using Halal certified raw materials for packaging materials and Halal certified lubricants for packaging machinery. The lubricants used in packaging machinery should strictly avoid the use of porcine stearates.

Generally, polymers are produced from petroleum based raw materials. However, additives are added to the polymers to improve their properties. For Halal consumers, the primary concern is the usage of additives derived from indefinite sources for the manufacture of polymer resins. The usage of additives which are derived from non-halal animals (animals which are not permitted for slaughtering according to Islamic law, such as swine) or from permitted animals which were not slaughtered in accordance with Islamic slaughtering / Halal rules, is prohibited for Muslim consumers.

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With regards to Halal packaging, the polymer resins utilized to produce the packaging material contain additives derived from Halal sources and a certificate for guaranteeing that the Halal reliability of the polymer resins is maintained throughout the entire supply chain.

As per the Halal packaging practices, during the manufacturing process, a qualitative investigation for screening and identifying any trace of animal-based element used in additives is conducted, and if any such element is found, it is subsequently substituted with equivalent additives from Halal sources.

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Ten-Year Forecast of Disruptive Technologies in Paper & Paperboard Packaging Market

Paperboard packaging is used to provide packaging solutions, largely to the consumer products. Demand for paper and paperboard packaging solutions is increasing in specific set of application areas, whereas paperboard packaging demand registered impasse growth. Paper and paperboard packaging solutions have extensive applications across several industrial verticals from healthcare to food and beverages industry and personal care to home care. Additionally, these packaging solutions are used in sectors such as freight & carrier, education and stationary, and construction. Furthermore, paper and paperboards are also used to make packaging labels, boxes, cartons and cardboard boxes.

Companies engaged in paper and paperboard packaging solution are widening their offering from core product to consulting services to the end users for picking out the most effective packaging solution as per consumer requirements. The need for such strategy is largely due to stagnate growth in the traditional paper and paperboard manufacturing industry. In the food industry, the paper and paperboard packaging is used to pack fruits, vegetables, ice-cream, meat, etc. In the beverage industry, the paper and paperboard packaging technique is used to package milk, juices, etc., whereas, in the healthcare industry, the packaging technique is used in packing pharmaceutical products, medicines, etc.

Global Paper & Paperboard Packaging Market: Segmentation

The global paper & paperboard packaging market is segmented on the basis of grade, application, product type, and region. On the basis of grade, the global paper & paperboard packaging market is segmented into coated unbleached ‘kraft’ paperboard, White Line Chipboard (WLC), label paper, Folding Box Board (FBB), Solid Bleached Sulfate (SBS), and others (liquid packaging grade, parchment paper, vegetable paper, and filter paper). On the basis of application, the global paper & paperboard packaging market is segmented into food, beverages, healthcare, personal care, home care, and others (construction, education and stationary, etc.).

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On the basis of product type, the global paper & paperboard packaging market is segmented into corrugated box, boxboard, and flexible paper packaging. On the basis of region, the global paper & paperboard packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific excluding Japan, and Japan.

Global Paper & Paperboard Packaging Market: Drivers and Restraints

Due to increasing consumer awareness about the ill-effects of non-biodegradable materials and rising environmental concerns, consumers are increasingly opting for environment friendly packaging solutions, thus, driving growth of the overall paper and paperboard packaging market. Moreover, increasing disposable income of people especially in the developing countries is another factor fuelling growth of the global paper and paperboard packaging market currently.

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