Industrial Packaging Market - Global Industry Research Report and Forecast To 2024

The rise of wearable technology and increasing interest in smart gadgets are leading to a growth in the electronics market which in turn, is creating demand in the global industrial packaging market. Another market that is leading to growth in industrial packaging market is pharmaceuticals.

With new medicines hitting the market and more yet to hit the market (10 major drugs lost patent in 2018, few more are up for expiration over the coming years). To add to this are new players entering the generic market. Besides there is an increase in the incidence of chronic diseases expecting. This again would create demand for suitable industrial packaging.

As per a Transparency Market Research report, these factors would contribute to the growth in Global Industrial Packaging Market at CAGR of 4.1% CAGR during 2016-2024, taking the market worth to an impressive USD 73.25 bn.

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The already fragmented global industrial packaging market is set to witness new players entering the landscape, making it more competitive. Prominent players include Smurfit Kappa Group PLC, Cascades Inc., Sonoco Product Co., International Paper Co., and Greif Inc. To maintain a firm grasp on market share, most players resort to strategic partnerships and collaborations.

North America to Dominate Growth

As per TMR’s report, while the North American region will experience notable growth owing to great technological advancement in packaging technique and automation, it will forego some of its manufacturing advantage to the Asia Pacific (APAC) region due to Vietnam, India and China upping the ante. Few other factors that would work in the favour of APAC are low labor costs and increasing industrialization.

Rise in OEM and drug production in the countries of this region will fuel growth further. Besides, there is much scope for foreign direct investments encouraged by governments such as that in India. However, United States will continue leading the market in terms of manufacturing.

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Blinds and Shades Market Report by Type, Application and Regional Outlook

• Increasing expenditure in households and growing awareness about indoor health and protection from UV rays are expected to boost the global blinds and shades market in the near future.
• Asia Pacific holds a prominent share of the global blinds and shades market, followed by Europe. Focus about overall safety and decoration, and awareness among consumers, hotels, and restaurants have propelled the demand for blinds and shades in these regions.
• The blinds and shades market in Asia Pacific is likely to expand at a notable growth rate during the forecast period, due to expansion of the hotel industry and strong product innovation among manufacturers of blinds and shades in the region.

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Blinds and Shades Market: Driving Factors

• Blinds and shades are primarily preferred by the residential and commercial sectors for protection from sunrays, wind, dust, etc.
• A major factor driving the blinds and shades market is the rise in the number of hotels, restaurants, and cafes.
• Additionally, standards enacted by governments and various associations regarding cleanliness and hygiene are key factors boosting the attractiveness of blinds and shades among consumers.
• Modern blinds and shades contain upgraded technology and sensors, which offer several features that make the house and office a more convenient place to be in. Expansion of the blinds and shades market in developing economies due to rising income and changing consumer preference toward e-Commerce are driving the business expansion of blinds and shades manufacturers, which, in turn, is boosting the blinds and shades market.

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Non-lethal Biochemical Weapons Market by Global Industry Players and Forecast to 2024

According to Transparency Market Research (TMR), the global non-lethal biochemical weapons market is moderately consolidated due to the dominance to few market players. General Dynamics Corporation and Raytheon Companies holds 57% of the market share as of 2015. BAE systems is considered to be the third leading player in this market.

It has been analyzed that in coming years, the position held by these three companies will change owing to the research and development activities. Textron Systems, Corp., Lamperd Less Lethal, QinetiqGroup, Inc., Moog, Inc., Chemring Group PLC., TASER International, Inc., and LRAD Corporation are some of the other players working in the global non-lethal biochemical weapons market. Entry of new entrants is also projected to join the market in coming years

As per the report analyzed by TMR, the market is projected to expand at 8.0% of CAGR during the forecast period from 2016 to 2024. The valuation of the market was US$1.17 bn in 2015 that is expected to reach US$2.23 bn by the end of the forecast period. Based on end use, military forces segment holds the highest position as compared to the law enforcement agencies. As per regional analysis, Middle East and Africa are considered as the most lucrative markets followed by North America. Growing demand in Asia Pacific is gaining attraction from the market players.

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Anti-national bodies or dispute between growing various uncertainties in nations across globe to rise the demand for the market increases. In times of riots, regional insurgencies, and during natural or manmade disasters military use non-lethal biochemical weapons. These conditions increases the chances of unlimited growth of non-lethal biochemical weapon market. Growing vulnerabilities across nations have increased the defense budget across nation, which will prove beneficial for the market.

Growing human assistance services for law enforcement is expected to boost the demand for non-lethal biochemical weapons market. Changing political scenarios in few regions also attributes to rise of the market. Political turmoil in countries such as Egypt, Syria, Israel, China, India, France and the U.S. have been responsible for the high demand for the non-lethal biochemical weapons market.

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Latest Research Report to uncover key Factors of Global Man-portable Anti-armor Weapons Market

The global market for man-portable anti-armor weapon is likely to see a positive growth over the coming years. According to a report by Transparency Market Research (TMR), a substantial 58% of the overall market revenue was held by the top four market players in 2016, making it a consolidated market. Yet, a number of small- and medium-sized enterprises are doing brisk business in regional markets, on account of their swiftly developing economies. The prominent players are expected to engage in the pursuit of valuable contracts from administrative and defense organizations in governments, who are constantly on the lookout for technologically advanced weapons and armor. Recently, Bharat Dynamics Ltd made a contract with the Indian Ministry of Defense to provide them with Milan-2T-Anti-tank guided missiles for the Indian Army. Prominent vendors in the global man-portable anti-armor weapons market are General Dynamics Corporation, MBDA Missiles Systems, Thales Group, Lockheed Martin Corporation, and Raytheon Company.

Our report predicts that the global man-portable anti-armor weapons market, which stood at US3.64 bn in the year 2016, will likely rise to US$6.38 bn by the end of 2025. Thus, over the forecast period from 2017 to 2025, the market in all probabilities will register a 6.5% CAGR.

Asia Pacific Region to Clock in Swiftest Growth Rate

While North America continues to dominate the market share in revenue since 2016, Asia Pacific is anticipated to witness a brisk growth rate. This could be attributed to the rising number of research and development activities being undertaken in the field of lightweight weapons in the region. Countries like India and China are heavily investing into developing anti-armor weapons of low weight. South Korea and other countries in the Asia Pacific expend vast amount of money in the procurement of man-portable anti-armor weaponry.

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Based on type, our report segments the overall man-portable anti-armor weapons market into anti-tank rifles, anti-aircraft missiles, recoilless rifles, and rocket propelled grenades. Among these, recoilless rifles are foretold to continue holding a substantial share in the market. The segment is expected to showcase a high growth rate among others. This significant demand could be on account of the rising utilization of these rifles in defense applications.

Research in Lightweight Weaponry to Propel Market Upswing

The surge in use of portable weapons in defense has increased considerably in the past few years primarily because of the increment in urban warfare. Such type of warfare demands mobility man portable weapon systems for rapid operations against the enemy station. Lightweight weapons provide significant anti-bunker, anti-tank, and anti-personnel capabilities to ground troops. This has, in turn, led to an increased focus on research and development activities aimed at the introduction of modern lightweight technologies to destroy armored tanks, vehicles, and aircrafts.

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Here is Why 2020 Could Be Another Big Year for Global Aircraft Engines Market

The worldwide aircraft engines market is anticipated to draw a good amount of demand attributable to the rising requirement of cutting edge private and commercial aircrafts, states Transparency Market Research (TMR) in a research report. This might be a direct result of the foray of new aircraft organizations into the market and network development of the firms as of now working in the market. The continuous need to take over from or supplant outdated aircrafts is another factor promoting demand for aircraft engines.

GE Aviation's launch of the M601H-80 Turboprop Derivative Engine II-49 and other new engines with different pattern on account of constant thrust on innovationss is expected to bring more sales in the market. Similar efforts by other leading players in the market for aircraft engines is also predicted to benefit growth and intensify competition.. The players operating in the market are Honeywell Aerospace, Safran. MTU Aero Engines, IAE International Aero Engines, Engine Alliance, CFM International, Pratt & Whitney, GE Aviation, and Rolls-Royce plc.

The worldwide aircraft engines market is anticipated to gain a value of US$92.3 bn by2022-end at a CAGR of 6.4%. In 2017, the market pulled in a revenue of US$67.8 bn. As far as application is concerned, the market is classified into general, military, and commercial. Out of these applications, commercial is anticipated to display a commanding revenueof US$46.0 bn by 2022-end. It could exhibit a 6.7% CAGR and rise by about US$2.5 bn every year. The different products in the global market for aircraft engines are turboprop, turbofan, and turboshaft.

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Region-wise, North America is expected to command a titanic share in revenue. By the end of 2022, this region could acquire a valuation of US$41.2 bn. Japan, will likely rise at a sluggish pace to rake in a revenue of US$5.8 bn by the end of the forecast period.

An aircraft engine is the piece of the impetus system for an aircraft used to create mechanical power. In an aircraft motor, air is attracted at the front through a gulf, packed by a fan, blended with fuel and combusted, and after that expunged as hot, quick moving fumes at the back, which propels the plane forward.

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Air Transport USM Market Analysis by Latest Trends, Growth Factors, Key Players

The report states that the global air transport USM market will exhibit a CAGR of 5.1% over the period between 2017 and 2026. Considering that the numbers hold true, the market is likely to rise to a revenue opportunity of US$7 bn by the end of 2026.

Sales of Used Serviceable Engines to Predominantly Define Future Course of Expansion for Market

Of the key varieties of USMs sold in the air transport industry, including engines, airframes, and components, the demand for engines is expected to remain higher as compared to others over the forecast period.

The report states that by the end of the report’s forecast period, nearly US$4.5 bn worth of used serviceable engines could be sold in the global market. The segment of components is also expected to witness a steady rise in demand while the segment of airframes is most likely to register a moderate expansion over the forecast period.

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From a geographical standpoint, the market in North America holds a significant share in the market and is likely to remain the most lucrative regional market over the report’s forecast period as well. The rising preference to air travel as the most convenient mode of transport in countries such as the U.S. and Canada is expected to continue to fuel the air transport USM market in North America over the forecast period. The report estimates that the North America market for air transport USM will rise to a valuation of US$2.1 bn by the end of 2026.

Rising Focus of Airlines on Trimming MRO Expenses to Help Market Pick Pace

A number of factors are expected to benefit the global air transport USM market in the next few years, including the vast rise in demand for air travel options across developed as well as developing economies. While the thriving air travel sector continues to expand at a promising pace owing to steady demand from consumers, the rising cost pressures owing to the emergence of several low-cost airlines has made it difficult for several airline companies to attain sustainable profits amid surging costs of maintenance, repairs, and operations. Thus in order to save costs in these areas as a way of tackling their brimming expenditure on MROs, air transport firms are increasingly sourcing USMs from larger airlines.

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HAZMAT Packaging Market Competitive Landscape and Forecast to 2027

Transparency Market Research delivers key insights on the HAZMAT packaging market in its published report, titled “HAZMAT Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019–2027.” In terms of revenue, the global HAZMAT packaging market is estimated to expand at a CAGR of 5.8% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in the HAZMAT packaging market report.

HAZMAT packaging refers to the packaging of hazardous materials that are capable of posing risk to health, safety, or property when transported in commerce. HAZMAT packaging has emerged as an efficient way to protect environment from hazardous chemicals. Incidents involving HAZMAT packaging product types can involve risk of contamination, leakage, spillage fire, and explosions, which can threaten individual health and cause the breakdown or failure of equipment or processes and the performance of facilities below expected levels of capacity. So, HAZMAT packaging plays an important role in the shipment of hazardous goods.

The basic shipment description required for HAZMAT packaging consists of shipping name, hazardous material classification, identification number, and the respective packing group. Labelling & marking are the two primary constituents that play a vital role in the HAZMAT packaging market. The scope of this report is the primary packaging of HAZMAT goods. Primary HAZMAT packaging includes packaging of products through drums, flexitanks, industrial bulk containers, etc. Packaging done with corrugated boxes is a part of secondary HAZMAT packaging.

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In the report, TMR suggests that developing countries such as India & China, are estimated to register impressive growth in the HAZMAT packaging market during the forecast period. The growth is supported by the rising concerns towards the safety of goods and the growing chemical & refinery industry. Moreover, increasing production of drums in China is driving the demand for HAZMAT packaging. Research also suggests that Europe is estimated to have promising potential in the development of the HAZMAT packaging market.

Also, stringent regulations imposed by the government regarding the transportation of HAZMAT goods are driving the demand for HAZMAT packaging. Global manufacturers in the HAZMAT packaging market are opting for U.S. /DOT, IMO approved products as the fine imposed, if rules are not followed is quite high. Also, key players are expanding their production capabilities in order to outpace their competitors in the market. For instance, Hoover Ferguson Group has expanded its production capabilities and provides the highest quality standards in HAZMAT packaging as its products are DNV, BV, UN, and IMO certified.

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