Retort Packaging Market Growth Opportunities – Analysis to 2027

In the age where people have lost time to eat due to busy schedules, the demand for processed food has sky-rocketed. This is simply because processed food are easily available, they last longer, and do not require time to cook. Some of them are instantly available for eating as well. Hence, the demand for processed food is growing by the day. While companies manufacturing processed food are happy about this trend, those who produce packaging material for processed food are also riding high. Transparency Market Research has recently published a report on the global retort packaging market. Further, the report states that the global retort packaging market will grow at 5% CAGR during the forecast period from 2019-2027.

Retort Pouches to Lead the Way

According to the report, retort pouches alone account for 53% sales in the global retort packaging market. This is a prominent trend for players as they will have to devise strategies to capitalize on the products in this segment. Retort pouches find more usage as they have several advantages. They are easy to manufacture and come for a lesser cost when compared to other products in the global retort packaging market.

Further, consumers are able to print easily on them and hence the possibility of promotions and branding is easier with retort pouches. At the end of the day, the cost of marketing and branding is also lesser with retort pouches. Hence, the demand for products in this segment of the global retort packaging market is expected to remain high in the coming years.

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Besides this, the possibility of innovation is also higher with retort pouches as they are flexible and malleable. Hence, manufacturers in the global retort packaging market find it easy to produce new products and lure consumers. At the same time, consumers are also keen only having their own idea incorporated in the packaging of their products. Hence, the possibility of customizing demands from consumers is easy with retort pouches. This trend will also influence growth on the global retort packaging market in the coming years.

Plastic is Still the Go-to Material

While there are enough measures taken to stop use of plastic due to the harmful environmental impacts the material has, it remains the go-to material in the global retort packaging market. This is because it comes at a lower price and offer flexibility in creating different products. As a result, it has a direct impact on the consumer too. This trend is expected to support growth in the global retort packaging market.

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Plastic Packaging Market - Emerging Economies Expected to Influence Growth until 2020

The global plastic packaging market is estimated to prosper on the back of food and beverage industry. Plastics provide a tougher, cleaner, durable and an attractive solution for storage of food and beverage, due to which it has high adoption rate high adoption rate in the food and beverage industry. However, apart from food and beverage industry plastic packaging is an extremely favorable packaging solution in other sectors as well. There exists huge demand for plastics sachets, pouches, and bags for the packaging of various products. Such high demand across several industries is likely to bolster growth of the global plastic packaging market in near future.

Some of the key players dominating the global plastic packaging market are NatureWorks LLC, Alpla Werke Alwin Lehner GmbH & Co. KG, Berry Plastics Corporation, Reynolds Group Holdings Limited, AMCOR Limited, and Bemis Company, Inc.

Transparency Market Research has come up with a detailed report on the global plastic packaging market, for the period 2014 to 2020. The report estimates that the global plastic packaging market is likely to rise at a healthy rate of 5.25 % CAGR. The market is estimated to reach US$ 370.2 Bn through 2020.

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Driven by Demand from Cosmetics Industry, Asia Pacific to Dominate the Market

The Asia-Pacific region is expected to dominate the global plastic packaging market over the timeframe of review, from 2014 to 2020. Regional supremacy of Asia Pacific is ascribed the growing prominence of food and beverage industry in countries like China and India. As rigid plastic packaging finds increased use in various applications across healthcare, beverage and food industries, the plastic packaging market is estimated to witness rapid growth in the region.

In addition to that, increase population, augmented consumer expenditure, and increasing disposable income is prophesized to foster growth of the plastic packaging market in Asia Pacific. Furthermore, growing popularity of beauty and personal care products is also likely to encourage growth of market in Asia Pacific. Plastic packaging finds extensive use in the packaging of beauty and cosmetic products.

Increased Number of Working Women to Spell Growth for the Market

Plastic packaging solutions are lightweight, durable, and attractive, which is why the product is in high demand across several industries. These types of packaging solutions are easier to handle as well. Multiple benefits of the product are likely to offer copious growth opportunities for the global plastic packaging market in the forthcoming years. Low cost of production is estimated to emerge as a major growth promoting factor for the global plastic packaging market.

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Introduction of High-Density Polyethylene (HDPE) and Polyethylene Terephthalate (PET) polymers have widened the scope of application of plastics in terms of packaging. These two products are highly suitable for packaging of liquid products, such as fruit juice, milk, and other soft drinks. In addition, as more women join the workforce and lead a hectic lifestyle, the demand for packaged is likely to rise. This is likely to bolster growth of the global plastic packaging market.

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Parking Management Solution Market Application With Growth and Business Strategies Forecast

The key players in the global parking management solutions market include name such as Parkeson S.A.S., IPS Group Inc., Ventek International, J.J.Mackay Canada Limited, LocoMobi Inc., Cale Access AB, Parking BOXX, METRIC Group Ltd., Parking Inc., CivicSmart Inc., and POM Inc. The companies in the market are indulging into strategic business activities such as product development and product innovation to enhance their overall market presence.

Along with that, the companies are also striving to provide integrated solutions and applications for efficient management for parking requirements. Apart from this, development of parking management solutions that are more customer friendly, cost-effective with better reliability compared to the existing management solutions are also some of the other strategies adopted by the companies to stay ahead in the global competition.

The global market for parking management solutions is expected to reach an overall market valuation worth US$614.59 bn by the end of 2025. This growth of the global market is projected to be achieved with the help of an impressive CAGR of 9.3% over the course of the given forecast period of 2017 to 2025.

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In terms of geographical regions, the global market for parking management solutions has been dominated by North America in the recent years, with the U.S. being the base to a large group of players in the market. Use of advanced parking kiosks is one of the popular trends observed in the parking areas across Europe. These kiosks are projected to aid the private garage operators as well as municipalities to keep a track of every infringement in parking and offer a solid comparison against the actual issued citations.

Increasing Number of Vehicles to Raise Demand for More Parking Spaces

The increasing demand for smooth movement of traffic to monitor the constant traffic congestions and other issues related to transportation is one of the chief driving factors for the growth of the global market for parking management solutions across urban cities. Ever increasing populations and the consequent rise in the number of vehicles are also important factor in spurring the development of the global market in the coming years of the forecast period.

The number of vehicles across the globe is on a constant rise and is subsequently leading to issues related to scarcity of parking areas. This has led to rise in demand for smart and efficient parking systems. Advanced parking management systems that are presently in use not only offer a high degree of convenience to drivers, but also helps in easing up the business functions and other operations at the parking areas.

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The other advantages of the parking management solutions include cut down in the overall cost of hardware and connectivity and rise in the revenue profits of the owners of the parking sites.

Cost Sensitivity Associated with Parking Operators to Pose Problems for Market Growth

However, there are some factors that might negatively impact the overall growth of the market and may stop it from it reaching its full potential. One of the key restraining factors for the growth of the global market is the cost sensitivity of the operators of parking spaces who administer these sites for their owners. Nonetheless, parking management solutions offer ample opportunities of growth for the companies operating in the regional economies as well as in the smart cities across the globe. In addition to this, increased concerns about pollution, security, and connectivity are also projected to drive the growth of the market.

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Contactless Payment Transaction Market Recent Developments & Emerging Trends To 2025

The global contactless payment transaction market is predicted in a report by Transparency Market Research (TMR) to witness a high level of competition among manufacturers. The report also notes that there could be a significantly aggressive seller scene observed in the market due to the entry of large and small players. The market is expected to find intense rivalry within different end-use industries on the part of contactless payment transaction. Influx of new members could increase rivalry and fracture in the consideration of administration costs. Top market leaders such as Ingenico Group, Gemalto N.V., and Barclays could make their presence known in the industry.

TMR prognosticates the global contactless payment transaction market to rise at a 55.5% CAGR between 2017 and 2025 to be valued at an US$801.4 bn by the final forecast year. By mode of payment, contactless card (NFC/RFID) could collect a larger share of the market in the near term. By region, Europe is anticipated to bag a king’s share of the market, considering its US$14.1 bn valuation attained in 2017.

Growing Interest in Fast Transactions Amplifies Demand in Retail and Transportation

Increasing use of mobile phone supporting the rise in interest in fast transactions, especially in the retail and transportation industries, is foreseen to improve the growth of the world contactless payment transaction market. For achieving a better rate of change, novel marketing techniques could be highly focused upon with guaranteeing of practical returns considered as a specific end goal. This could be evidenced by magnetic secure transmission developed by Samsung. Other technological innovations such as those in the wearables devices segment, viz. contactless bands or rings are foretold to set the tone for valuable growth of the global market.

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Among a variety of solutions offered in the world contactless payment transaction market, payment terminal could rake in strong demand in the coming years. In order to manage security of transactions, vendors are constantly upgrading their security protocols, which could be another factor helping the market to attract demand.

High Installation Cost of POS Machines Discourages Adoption of Contactless Payment

Installing point-of-sale (POS) machine for contactless payment could be a tough challenge since it bears an expensive cost. On the other hand, ordinary POS machines may not require as much expense as those designed for contactless payment. Furthermore, susceptibility of contactless payment transactions to frauds is another challenge that the global market could face the brunt of.

However, benefits such as quick payment arrangements via standard contactless travel card, NFC mobile phone, or EMV contactless card are envisioned to support the growth of the international contactless payment transaction market. Moreover, leading vendors are being very particular about enabling secure transactions by providing regular security updates. Additionally, large consumer base of mobile phone users could be an added advantage for the market.

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Point-of-Sale (POS) Terminals Market Share, Strategies and Forecast to 2026

According to a new research report by Transparency Market Research (TMR), a leading market research and intelligence firm, the global point-of-sale (POS) terminals market is reporting a considerable increase in its valuation. The increasing uptake of mobile POS in the hospitality and retail sectors is the key factor behind the growth of this market.

According to TMR, the global point-of-sale (POS) terminals market will proliferate at an impressive CAGR of 12.90% during the period from 2018 to 2026. The opportunity in this market is predicted to reach US$26.04 bn by the end of the forecast period. On the flip side, the lack of awareness among consumers, especially in developing countries, may limit the usage of POS terminals in the years to come.

Nonetheless, the low total cost of ownership (TCO) in comparison with conventional payment channels will balance the effects of these hindering factors in the long run. Apart from this, the advent of multimodal payment systems, such as card payment and cashless payment systems, is also expected to support the worldwide point-of-sale (POS) terminals market, states the research report.

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North America Continues to Lead Global Point-Of-Sale (POS) Terminals Market

On the geographical basis, the worldwide point-of-sale (POS) terminals market reports its presence across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. North America has been leading the global market, thanks to the significant uptake of POS terminals across a number of industries, such as entertainment and retail.

Researchers predict this regional market to continue on the top throughout the forecast period, owing to the high demand for POS solutions across the U.S. and Canada. The significant rise in retail stores casinos, and quick service restaurants in this region is fueling the demand for POS terminals, states the research report.

Among other regional point-of-sale (POS) terminals markets, Europe and Asia Pacific are projected to witness a sizeable rise in their market spaces. While the Europe point-of-sale (POS) terminals market is benefitting from the increasing compliance requirements due to the rising penetration of MasterCard, EuroPay, and Visa (EMV), Asia Pacific is gaining from rapid commercialization. The expansion of the retail and the hospitality sectors is also expected to support the Asia Pacific point-of-sale (POS) terminals market in the years to come, reports the study.

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Leading Players to Focus on Integrating Advance Features in Products

The global point-of-sale (POS) terminals market is witnessing a high level of competition among leading players. The presence of a large pool of players has kept the business landscape fragmented while the continued entry of new participants is adding significantly to the increasing level of competition. Panasonic Corp., Ingenico S.A., Toshiba Corp., PAX Technology Ltd., NEC Corp., MICROS Systems Inc., Cisco Systems Inc., VeriFone Systems Inc., Hewlett-Packard Co., and Samsung Electronics Co. Ltd. are some of the prominent players in this market. These companies are focusing on incorporating advanced features, such as sensors and data theft security systems, in their products to improve their presence in the global market.

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Shared Mobility Market Outlook, Growth Opportunities – Analysis to 2026

The global demand for shared mobility services is increasing at a sturdy pace. Presence of a robust transport industry has helped in introducing new services within shared mobility. Furthermore, investments in the transport industry have further impelled the growth of the global market. The next decade would play a crucial role in the growth of the global shared mobility market, majorly due to the approval of several public transport projects across key regions. Benefits of shared mobility cut through key factors such as cost, energy efficiency, and traffic management. Therefore, the total volume of revenues within the global shared mobility market is expected to grow.

Transparency Market Research (TMR), in its report, predicts the global shared mobility market to grow at a sound CAGR of 8% over the period between 2018 and 2026. Furthermore, the total volume of revenues within the global shared mobility market is projected to cross US$ 608 Bn by the end of 2026. Based on the type of service, vehicle rental or leasing has emerged as a viable option for several population groups.

Benefits of Carsharing

A large population of people prefers carsharing over other modes of transport. This trend is gathering momentum in cosmopolitan cities, and could act as a launch pad for market growth. Therefore, the global shared mobility market is projected to tread along a lucrative growth track in the years to follow. Trend of carsharing and bike-sharing has gained greater prominence with the inception of cab-boking apps such as Ola and Uber. The option of taking shared rides on these apps has helped in popularising shared mobility services. Furthermore, investments public transport lines, including trams and metros, has also played a key role in market growth.

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Growing Trend of Ride-Sharing amongst University Students

The trend of ride-sharing on bikes is common amongst college students and youngsters. Several universities provide easy options for students to book shared cars for their daily commute. This trend, coupled with the rising demand for better traffic management, has brought shared mobility services under the spotlight of attention. The unprecedented increase in the fleet of on-demand ride services has also emerged as a prominent driver of market demand. A number of experts in the automobile industry consider shared mobility services as a contributor to sluggish sales in the automobile market. However, this assertion has not affected the growth dynamics of the shared mobility market.

The energy sector is keen on popularising shared mobility services. Use of shared rides, in conjunction with the availability of public transport, shall help in reducing fuel usage. This shall in turn improve the air quality, and help in protecting the environment. Some of the notable players operating in the global shared mobility market are ANI Technologies Pvt. Ltd., Uber Technologies Inc., Cabify, Grab, Lyft, Inc., and Careem.

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Truck Mounted Concrete Pump Market Growth Opportunities, Statistics & Forecast to 2026

Transparency Market Research has published a new report titled, “Global Truck Mounted Concrete Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global truck mounted concrete pump market is projected to reach US$ 8.5 Bn by 2026, expanding at a CAGR of 7.78% during the forecast period.

According to the report, the global truck mounted concrete pump market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of 8.57% between 2018 and 2026.

Truck mounted concrete pump has been gaining popularity in construction industry due to its advantages such as precise transfer of liquid concrete, computer control robotic arm, requirement of less manpower, and high volume transferring capacity is minimum time with perfection. Adoption of advanced construction machinery in order to achieve quality in minimum time, shortage of skilled labor, and short time period are likely to use truck mounted concrete pump in construction industry. Furthermore, reliable operation with long service life at minimum operational cost, efficient operation through innovative pumps, and sturdy body are prompting operators to prefer truck mounted pumps for better quality in pouring concrete at higher accuracy.

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Expansion of the construction industry across the globe is anticipated to drive the truck mounted concrete pump market during the forecast period. Better business conditions for the construction industry across the globe, especially in developing countries, owing to decline in interest rates, residential home construction projects, long-term development projects such as dam construction, highway road constructions, development of business parks, rapid urbanization and growth in industrialization are likely to positively impact the construction industry. This in turn is anticipated to drive the truck mounted concrete pump market during the forecast period.

In terms of type, the global truck mounted concrete pump market has been split into boom or truck mounted pump, trailer, line, or stationary pump, and specialized usage pump. Boom or truck mounted pump segment holds a major share of market. Boom or truck mounted concrete pump supplies liquid concrete in short duration of time with higher accuracy. Moreover, it also helps maintain the concrete strength. Furthermore, usage of the boom concrete pump is a highly efficient way of pouring large volume of concrete.

Considering the advantages and operation efficiency, the boom or truck mounted pump segment is likely to expand at a significant rate, which in turn is anticipated to drive the truck mounted concrete pump market during the forecast period. Likewise, stationary concrete pump requires separate pipeline in order to carry concrete. Stationary pumps transfer the concrete at a lower speed, as compared to boom or truck mounted concrete pump; therefore, it is utilized in those applications that require smaller volume of pumping, such as swimming pool and small home concrete slabs. Specialized pumps are employed very rarely for specialized job sites such as mining and tunnel projects.

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In terms of end-use, the truck mounted concrete pump market has been classified into commercial, industrial, and domestic. The commercial segment includes multiple applications such as airport construction, highway construction, shopping mall, and tunnels. Significant investment in infrastructure in developing and developed countries is likely to boost the construction industry, which in turn is estimated to propel the commercial segment during the forecast period. Lower housing prices and government emphasis on housing, especially in developing countries, are likely to drive the domestic segment during the forecast period.

In terms of region, the global truck mounted concrete pump market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is a prominent market for truck mounted concrete pump. Europe-China partnerships and initiatives, increased labor efficiency, rapid industrialization and urbanization, and stable economy are likely to drive the construction industry in China. 

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