Wednesday, 15 April 2020

Multifunction Meter Market Projected to Gain Significant Value by 2027

  April 15, 2020    No comments
  • Multifunction meters are a hand-held device specially designed to monitor electrical installations. A multifunction meter measures and monitors all the electrical parameters such as active power, power factor, voltage, current, apparent power, reactive power, phase angle, and active energy.
  • Multifunction meters are mainly used where reliable, accurate, and exact measurements are required.
  • A multifunctional meter is used in the industrial sector for control panels, motor control centers, power distribution panels, etc.
  • Multifunction meters are mainly of two types: three-phase multifunction meters and one-phase multifunction meters.
  • The global multifunction meter market is anticipated to expand at a rapid pace over the forecast period due to their increased demand from the industrial sector.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
Multifunction Meter Dynamics
Key Drivers of the Multifunction Meter Market
  • A rise in demand to reduce energy cost across the globe is expected to create demand for multifunction meters in the upcoming years. This is primarily because multifunction meters reduce energy cost by continuously tracking and monitoring energy consumption. Additionally, it also takes the backup of other integrated parameters.
  • Multifunction meters easily recognize the basic faults in the electrical system and also provides high degree of accuracy in calculation. This is anticipated to drive the multifunction meter market in the near future.
  • Multifunction meters are also used in troubleshooting a wide range of electrical problems in wiring systems, electronic equipment used in industry, motor controls, domestic appliances, and power supplies, which is estimated to boost the market.
  • Rising demand to monitor power consumption on a daily basis and reduce it accordingly is estimated to drive the multifunction meter market.
  • Increasing shift toward comfort and better standard of living has led to the expansion of the smart homes concept, where automatic control of electricity, light, and energy is required. This indirectly drives the growth of the multifunction meter market.
High initial investment cost of multifunction meters to hamper the market
  • Initial start-up cost (installation and operation) of multifunction meters is very high. This is anticipated to adversely impact the demand for multifunction meters.
  • Delay in multifunction meter rollout projects along with integration difficulties with multifunction meters in the last few years is also projected to hamper the market during the forecast period.
Read More

IBC Spill Pallet Market to Flourish with an Impressive CAGR During 2027

  April 15, 2020    No comments
IBC spill pallet is a secondary containment solution that allows safe and suitable IBC tank control and dispensing for the number of chemicals. Manufacturers offer IBC spill pallet that provides cost-effective and moveable spill containment options for tanks, IBC’s and other bulky containers. It is manufactured using polyethylene and stainless steel which provides good chemical affinity and forklift pinches make it easy to move from one place to another.
Various features of IBC spill pallet include leak-proof, heavy-duty construction, easily cleanable with water, and bucket shelf options to cater to various end-use industries. Two units of IBC’s can also accommodate some IBC spill pallets that are up to 110 inches long and 55 inches wide with around 5 tons capacity and have a great platform system.
Besides this, most of the plastic IBC spill pallets are made of around 30% post-industrial recycled polyethylene that makes it a sustainable option for industrial use. Along with the convenience of handling bulk containers IBC spill pallet also ensures the safety of crew and housekeeping members by improving the facility protection system. These IBC spill pallets are available in various shape, size and capacity to be used for applications such as outdoor storage, transportations, and other unique storage requirements. 
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
IBC Spill Pallet Market: Dynamics
IBC spill pallet market is primarily driven by the need for a collection of spillage from the leaked IBC from the different end-use industries such as chemical, automobile, pharmaceutical, and others. Based on the end-use, IBC spill pallet market is dominated by industrial chemicals and petrochemicals due to their wide use in the various industries. HDPE is the most widely used material for the construction of IBC spill pallet as it prevent from UV rays, rust, corrosion, and chemicals and helps in increasing the shelf life of the pallet.
On the other hand, IBC spill pallet made of stainless steel provides excellent storage safety for highly acidic chemicals, hazardous materials, and flammable liquids. Transportation of a large quantity of crude oil and bulk petroleum products by the IBC spill pallet minimizes the risk of environmental degradation. Low cost and ease of availability of the plastic IBC spill pallet is another factor that boosting the demand of the market globally. Besides this, stringent regulations of plastic in packaging, government's initiatives towards recycling and prohibiting the usage of certain chemicals might hamper the growth of global IBC spill pallet market.
IBC Spill Pallet Market: Regional Outlook
On the basis of regions, the global IBC spill pallet market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa (MEA) and Oceania. Mature markets of Europe and North America are expected to dominate the IBC spill pallet market due to significant growth from the chemical and food and beverage industries. Asia Pacific region is projected to show sharp growth in the IBC spill pallet market due rise in demand for petrochemical, lubricants, agrochemical and other industrial chemicals. Evolving paints, inks and varnish industries in the Latin America region anticipated to rise demands for IBC spill pallet market it the region. Besides this, the future growth of the IBC spill pallet market seems to be good in MEA and Oceania regions also.
Market: Key Players
Some of the key players operating in the IBC spill pallet market globally includes,
  • Ultratech International Inc.
  • Romold Ltd.
  • SixAxis LLC
  • New Pig India Private Limited
  • Eagle Manufacturing Company, USA
  • Enpac LLC
Read More

Cardboard Coatings Market Intelligence Study for Comprehensive Insights

  April 15, 2020    No comments
The cardboard coatings market is globally seeing a bloom inferable from rising prominence of sustainable coating. Paper is an amazing material for different applications, for example, printing, packaging and microfluidic because of its biodegradability, mechanical properties, and recyclability and of course light-weight property. The hygroscopic nature and porosity of the item packaged may force difficulties to control and comprehend the transport of water, gases, and oils. To prevent all these factors, further treatment of paper applications is done with external coatings.
Cardboard coatings market: Dynamics-
Cardboard coatings market gets benefits from the merchants who are rendering eco-friendly coatings for packaging of items.
Coating is considerably an activity by which the outside cardboard is secured by coating items such as emulsions or fluid suspensions, which are coated on and in different layers of the cardboard. So as to build the resistance of the cardboard from the entry of moisture and humidity, the cardboard sheet is then "coupled" with sheets or films made up from plastic materials which are waterproof in nature. The advantages of cardboard coating are that it decreases the product spoilage and damage and provides an ease of transportation and logistics.
The biopolymers acts as barrier coatings for paper applications which have the potential to completely replace the present synthetic coating material which are depended on sustainable assets and offer various positive environmental benefits, such as better recyclability, biodegradability and non-toxic quality contrasted with the traditional polymers used for coating.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF sample of this report
The use of nanotechnology could be a new way of developments towards the use of biopolymers as barrier coatings. For instance, biopolymers can be applied as coating in either ways.  Firstly, the nanoparticles can be applied over paper to improve water obstruction or mixed with nanoscale added substances, such as, nanoclays, nanocellulose, inorganic and natural nanoparticles to upgrade the hindrance against water, gas, oil and grease. This advancement would be progressive in reducing billion amounts of cardboard waste found in landfills around the world. Another objective of the innovation is to understand a coated cardboard with a coating film steadily attach to the cardboard, which is degradable and reasonable for use in packaging of items. Therefore, this trend can bring diverse growth in the cardboard coatings market.
The growth in demand from rising economies such as, China and India and also, continuous advancements in packaging industry, combined with extensive R&D exercises to create sustainable and effective coating to open doors for expansion of the market. Asia-Pacific saw the most noteworthy growth in the worldwide cardboard coating market because of fast emerging end use enterprises. The territorial market demand was trailed by North America resulting high appeal in the US.
Europe was unfavorably influenced with diminished demand from manufacturing segment by virtue of economy downfall. South America and Africa are relied to observe a moderate development due to absence of manufacturing segment development.
Cardboard coatings market: Key Players-
The cardboard coatings market is highly competitive in nature holding to the existence of leading players. The contenders who are steering in the global cardboard coatings market are as follows-
  • WestRock
  • Mondi
  • GWP Group
  • International Paper Company
Read More

Cuvettes Market Analysis by Manufacturers, Regions, Type and Application

  April 15, 2020    No comments
The cuvettes market represents double digit growth rate during the forecast period owing to increasing number of healthcare centers. Cuvettes are high quality test tube which is used to hold samples for optical analysis. Cuvettes are generally used in pairs and needs to be optically matched.
Cuvettes finds application in spectroscopy and cytometry. Cuvettes are generally made from polycyclic olefin which can be used with polar solvents, alkaline solutions and acids.  Pharma manufacturers predominantly define the dynamics for the global market for cuvettes. The demand for UV disposable cuvettes is increasing accredited to cost effectiveness and can replace expensive quartz cuvettes in the coming years. Pharmaceutical cuvettes market serve wide client base operating across the globe.
Cuvettes Market: Dynamics
The global market for cuvettes is greatly influenced by capabilities of healthcare manufacturers to produce precision cuvettes to obtain best results. Novel cuvettes offers high chemical resistance and is considered excellent for DNA, RNA, and other protein analysis between 230-900nm. However, the demand for disposable cuvettes is increasing due to reduced risk of cross contamination during laboratory experiments. The global market for cuvettes represents a healthy demand from end users such as diagnostic centers and pharmacies.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
Manufacturers engaging in the cuvettes market are investing in good manufacturing practices and technological resources to meet the highest standards. Advanced technology assures precision in manufacturing capabilities that allow cuvettes manufacturers to cater high value business opportunities from existing and new clients. The pharma industry is regarded by business partnerships that are marked by long term relationships for high value contracts. Contract manufacturers and co-packers have to meet high quality standards so as to continue deliver effective packaging solution.
Cuvettes made of glass are traditionally being consumed in the global market. The market share for quartz material to remain on top in the cuvettes market which is expected to sustain market preference among existing user base.
Cuvettes Market: Regional Outlook
Geographically, the global cuvettes market is segmented into key regions including North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). North America is expected to remain in top position due to developed pharmaceutical market in the region. Asia Pacific is anticipated to gain ground during the forecast period owing to the rapid growth in pharmaceutical industry in ASEAN and India in the last five years. China to generate more than quarter of the Asia Pacific cuvettes market during the forecast period. Europe to witness positive potential in the cuvette market during the forecast period.
Cuvettes Market: Key players
Some of the key players in the global cuvette market are Shimadzu Oceania, BrandTech Scientific, Inc., Hellma GmbH & Co. KG, Japan Spectroscopic Company (JASCO), Agilent Technologies, Inc., Vernier Software & Technology, LLC, Cole-Parmer India Pvt. Ltd., VWR International, LLC., Starna Scientific Limited, Thorlabs, Inc., Jade Scientific, Inc. and many more. Cuvettes market is highly fragmented as market share for unorganized players is quite high.
Request For COVID-19 Impact Analysis Across Industries -  
Cuvettes Market: Key Developments
Manufacturers in the global cuvettes market are continuously improvising their existing product in order to achieve high quality standards. Big players are acquiring regional players in order to expand the footprint across the globe. Some of the developments in the cuvettes market in the last few years are mentioned below:  
  • BrandTech Scientific, Inc. developed and launched scratch-resistant materials for cuvettes and assure lowest variation in extinction coefficient to obtain the accurate results.
  • In 2019, Japan Spectroscopic Company (JASCO) announced joint venture with University of Pennsylvania (Philadelphia) to develop a new center for spectroscopy.
Read More

Foil Take Out Containers Market Growth Analysis By Manufacturers, Regions, Types and Application Forecast

  April 15, 2020    No comments
The changing dynamics in the food packaging is attributable to the consumer consumption pattern in the foodservice industry. The rising disposable income particularly in developing economies has made consumers more inclined towards takeaway culture. Also, because of increasing urban working-class population and rapid urbanization, these foil take out containers are relied upon to gain popularity amongst millennial customers, as they are aesthetically appealing and convenient to use. The use of aluminum foil take out containers for packaging in the food service business is increasing rapidly, as a result increasing the demand for the foil take out containers market during the coming time. The manufacturers of aluminum foil take out containers in turn have a great opportunity by emphasizing on design and cost-viability of the product.
Foil take out containers market: Dynamics-
The foil take out containers are picking up fame in the foodservice industry due to their recyclable, light-weight, and practical attributes. These containers are made up from aluminum which also prevents food spoilage packaging solution. The aluminum foil take out containers can withstand temperature change and are easy to handle. Food service companies offer different services such as, 'takeaway' and drive-through' to cater to the increasing number of on the go customers. Also, the rising acceptance of foil take out containers made from aluminum in food industry is because of convenience and sustainable nature it possesses.
The aluminum take out containers have made progress as compared to the conventional white polystyrene (PS) containers. As of late, the demand for improvised travel food boxes has emerged with different sizes and shapes. The aluminum foil take out container are inexpensive, eco-friendly and safe in contrast to foam, paper, and plastic containers.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF sample of this report
Foil take out containers market: Regional Outlook-
The foil take out containers are lucrative and are mostly used in the United States of America. Thus, the market is expected to provide growth opportunities for the regional manufacturers. China is the biggest consumer and manufacturer of aluminum in the world and has a progressive demand for foil take out containers. On the other hand, India is gradually moving towards takeaway food culture so the market for foil take out containers is expected to observe growth.
The production of aluminum foil take out containers in the North American market was intensely impacted by low priced Chinese imports. The U.S., which commanded the North American market, is a highly developed market for foil take out containers. Thus, the country is expected to pose a steady demand for foil take out containers. Also, the U.S. Branch of Commerce applied critical levies on aluminum import from China. The help from the government has helped domestic producers to grow their business in the nation.
Foil take out containers market: Key Players-
The foil take out containers market is highly competitive in nature, as there are several players operating at regional and global level. Some of the key players in the foil take out containers market are as follows -
  • Trinidad Benham Corporation
  • Novelis (Hindalco Industries)
  • Contital srL
  • Handi-foil of America, Inc.
  • i2r Packaging Solutions Limited
  • Hulamin Containers Ltd.
  • Prestige Packing Industry
  • Wyda Packaging (Pty) Ltd.
Read More

Industrial Packaging Market Investigation Highlights Growth Trends in the Coming Years

  April 15, 2020    No comments
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.
Request A Sample : 
Competition to Intensify
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.
Prominent Opportunities of Growth in Plastic Industrial Packaging Segment
Development in technology along with increase in investment in research and development across sectors such as chemicals, pharmaceutical, construction and electronics will lead to increased demand for industrial packaging material. Construction output alone is expected to grow by a stellar 85% by 2030. The market value for this sector is supposed to reach USD 15.5 trillion by the end of the said period. About 57% of this share will belong to China, US and India. By the end of 2024, consumer electronics market is expected to reach to USD 1700 bn (approx.).
As per IQVIA Institute for Human Data Science, pharma spending is set to reach a USD 1.5 trillion by 2023. Against this backdrop, industrial packaging market will be seeing demand for durable, weather resistant and extremely safe packaging. One of the segments it will boost therefore is that of plastic packaging. With the introduction of bioplastics, the segment will flourish.
Read More

Blow Fill Seal (BFS) Technology Market to Remain Balanced During the Forecast Period

  April 15, 2020    No comments
For a number of manufacturers, maintain an aseptic method of processing is paramount, particularly pharmaceuticals and food and beverages. Blow fill seal (BFS) technology provides for a contamination-free environment and is adequate for producing as small as 0.1 ml and as large as more than 500 ml liquid filled containers in a rapid manner. The technology of blow-fill seal curtails, if not crosses out, individual intervention, which makes a strong method for the preparation of sterile products. According to a recent business intelligence study by Transparency Market Research (TMR), the Latin America BFS technology market will be worth US$337.8 million by the end of 2024, with the demand projected to increment at a notable CAGR of 6.4% during the forecast period of 2016 to 2024.
Major Players Investing to Increasing Production
Sticking to the geographical territory of Latin America, the analyst of the TMR report has detected a highly competitive vendor landscape, which is marked by investments by the major players to improve their production processes and hence cater to greater demands. The report has identified Brevetti Angela S.R.L, Unither Pharmaceuticals, Unipharma, LLC, and Takeda Pharmaceuticals International AG as some of the key companies currently ahead of the curve in the Latin America blow fill seal technology market. The dominant companies are focused on enhancing their production methods to reduce the compilation of non-viable particulate matters.
Request For COVID-19 Impact Analysis Across Industries -  
Material-wise, the TMR report segments the market for blow fill seal technology into polypropylene (PP), high density polyethylene (HDPE), low density polyethylene (LDPE), polyethylene (PE), and others such as ethylene vinyl alcohol (EVOH). Product-wise, the market for BFS in the region of Latin America has been bifurcated into 10-50 ml, 1-10 ml, vials, 10-100 ml, ampoules, above 500 m, 100-500 ml, 2-100 ml, bottles, and others. End users studied under this report as cosmetic and personal care product manufacturers, food and beverage industry players, pharmaceutical producers, and others. Country-wise, Brazil has been foreseen to remain the key for the players, promising to provide considerably greater demand than other lucrative countries including Mexico, Argentina, Colombia, and Venezuela.
The prosperity of the healthcare industry, and its strong positive reflection on the pharmaceutical industry, is the primary driver of the blog fill seal technology market. Latin America as a region is growing profitably for the healthcare players with increased per capita income of citizens of various emerging economies and uptake for high quality drugs is on the rise. The analyst of the TMR report has noted that nearly 99% of the total demand in the Latin America BFS technology market came from the pharmaceutical industry.
In addition to that, the advents advanced technologies such as blow-fill insert seal and co-extrusion are also expected to boost the demand. The food and beverage industry is also expected to add to the demand in the near future.
Key Takeaways:
  • The Latin America blow fill seal technology market is estimated to be worth US$337.8 million by 2024, increasing robustly from its evaluated worth of US$205.5 million as of 2016
  • The pharmaceutical industry continues to generate the most prominent chunk of demand
  • Highly competitive scenario is forcing players to counter each other on the basis of increased production efficiencies and territorial expansion.
Read More

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 ...