Wednesday, 22 April 2020

Ecological Packaging Market Gain Impetus due to the Growing Demand over 2027

  April 22, 2020    No comments
Increasing penetration of plastic in packaging industry has increased the consumption of plastic around the world. However the increased use of plastic is generating problems for our ecosystem by causing soil pollution and entering into our food chain. To tackle this problem packaging manufacturers are using ecofriendly packaging solutions such as paper bags and corrugated boxes. Waste created from sustainable packaging does not accumulate and gets degrade with time unlike plastic waste. Paper and paperboard does not have negative effects on food while coming in contact.
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High printability of the paper and paper board is used by manufacturer for printing company logo or information which helps in building brand image of the company. Paper and paperboard are commonly used for secondary packaging of consumer goods, food and electronic items. Paper and Paperboard used for ecological packaging are manufactured using recycled products and being environment friendly and light weight material they have wide area of applications. Paper and paperboard products are used in retail packaging, food service industry, food industry, electronics industry, pharmaceuticals and consumer goods packaging.
Ecological Packaging Market: Market Dynamics
World packaging market is expanding rapidly and so is the need for ecological packaging solutions. Biodegradability is the key driver for ecological packaging market. Low cost and ease in availability of the paper and pulp is another factor boosting the growth in ecological packaging market. Paper bags and corrugated boxes has wide area of application and are commonly used for secondary packaging of products across various industries. Paper and paperboard have high printability and can be used for communicating product and company information to the customers, bleached paper and paperboard are even used for improving aesthetic value of the product.
Paper and corrugated packaging solutions are manufactured using recycled material hence increasing the inclination of manufacturers for ecological packaging solutions.  Use of ecological packaging helps manufacturers to reduce their carbon footprint. Regulatory authorities across the globe are favoring use of ecological packaging solutions to minimize the negative impact on environment which is expected to provide significant opportunities to ecological packaging manufacturers.
However, plastic packaging solutions are technological more advanced than ecological packaging. New flexible packaging solution are more efficient increasing the shelf life and attracting more customers which may hamper the growth in ecological packaging market. Moreover, the need of plastic packaging solutions for handling of aggressive chemicals and hazardous products may further dampen the attractiveness of ecological packaging solutions.
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Snack Food Packaging Market Registering a Strong Growth by 2024

  April 22, 2020    No comments
Snack food is becoming a mainstream trend that has gathered force over time and is considered as one of the most preferred form of commodities, hence snack food packaging should be attractive to buyers in order to gain their attention. Shifting preference of consumers for snack foods into meals are changing how restaurants and packaged food manufacturers market food. Packaged food manufacturers stay on top of their changing preferences and needs, mostly for health, value and quality as well. For instance, nearly 80% of consumers looks for best value products
Snack Food Packaging Market: Dynamics
The growing number of nuclear families coupled with increasing disposable incomes has unwrapped tremendous opportunities for the ready to eat snack foods which in turn driven the growth for the global snack food packaging market in the near future. The opportunity to indulge in exotic flavor options at reasonable prices, convenience and changing consumer lifestyle are the major factors that influence the growth of snack food packaging market. The consumers crave for healthier snack food products and they are unwilling to sacrifice flavor as these are now trends in the overall snack food market. Furthermore, the trend of eating snacks in between meals has led to the tremendous demand for the global snack food packaging market.
Branding and product innovation act as a decisive factor which has provided impetus to the global snack food packaging market. Manufacturers emphasis on their product offering in order to suit the taste of the consumers and developing new alternatives to provide to geographic specific demand which has expanded their consumer base.
Innovations in the global packaging industry, such as sophisticated packaging products which are made of materials such as biaxially-oriented polypropylene (BOPP), biaxially-oriented polyethylene terephthalate (BOPET), and cast polypropylene (CPP) has led manufacturers of snack food packaging market to provide attractive and colorful packs to draw attention to consumers.
Snack Food Packaging Market: Region wise Outlook
In geography, the global snack food packaging market is divided into majorly five regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. In the global snack food packaging market, developed countries of North America like U.S, accounts for largest market share which is attributed to the high consumption of consumers as well as stringent government regulations on the safety and the quality of the snack food products. U.S is considered as a mature market for bakery and snack foods and is projected to grow with around 4% throughout 2016 to 2020 and Europe is considered to be the second largest market in the global snack food packaging market.
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However, outside of the U.S the opportunity to increase the sales of snack foods is also increasing as well. Asia Pacific is expected to be primarily driven mainly by china, Japan and India in the global snack food packaging market. Latin America and Middle East & Africa are expected to witness sluggish growth over the forecast period. In Latin America, Brazil, Mexico and rest of Latin America are expected to create market opportunities for companies involved in the global snack food packaging market.
Snack Food Packaging Market: Key Players
Some of the key players who are engaged in manufacturing snack food packaging are Sonoco Products, Sealed Air Corporation, Graham Packaging Holdings, Bemis Company, American Packaging, Bryce Corporation and many others, Swiss pack private limited and many more.
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Anti-counterfeiting Packaging Market Outlook and Key Players 2019-2024

  April 22, 2020    No comments
Counterfeits are unauthorized reproductions of a trademarked brand which are identical to genuine products. Counterfeit goods include clothing, jewelry, medications, cigarettes, electronic equipment and parts among others. Secure packaging is necessary to avoid counterfeit products. Anti-counterfeiting packaging is defined as the process of assigning secure packaging to the product in order to minimize infringement and counterfeiting.
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The market for counterfeit goods is growing worldwide and companies have to work harder than ever to combat this threat.  Counterfeiting is a major problem in many market sectors, with the pharmaceutical industry most at risk due to illegal and dangerous substance used in counterfeit drugs. Today food and pharmaceutical companies are adopting anti counterfeiting packaging measures to prevent imitation and confirm safety of the goods. In addition, counterfeiting leads to reduced profitability and loss in brand value for the affected company.
Anti-counterfeiting Packaging Market: Segmentation
Anti-counterfeiting technologies followed by companies can be classified as follows: overt, covert, forensic or sterilization. Overt anti-counterfeiting features enable the end users to verify the authenticity of a product. These features are prominently visible and expensive to reproduce. Holograms, optically variable device, color-shifting security inks and films, security graphics, sequential product numbering and on product marking are some of the overt features used by packaging companies. Covert anti-counterfeiting packaging features enable brand owners to identify counterfeited products.
Covert features cannot be detected easily or copied without specialist knowledge. Covert anti-counterfeiting packaging features include Invisible printing, embedded image, digital watermarks, hidden marks and printing, anti-scan design, laser coding, substrates and distinctive odors. Forensic markers are superior technology solutions which require dedicated test kits or laboratory testing to scientifically prove authenticity. These include chemical taggants, DNA taggants, biological taggants, isotope ratios and micro taggants among others.
Counterfeiting is a prevalent practice in majority of consumer industries. Hence, anti counterfeiting packaging technologies have applications in wide range of industries including food and beverage, entertainment, automotive, pharmaceutical, cosmetics, electronics and apparel among others. Food and beverage industry accounted for majority of the anti-counterfeiting packaging market. However, the pharmaceutical sector is expected to grow fastest among application segment due to high adoption rates of anti-counterfeiting packaging technologies by pharmaceutical industry.
Anti-counterfeiting Packaging Market: Trends and Opportunities
Increasing consumer awareness, new application areas, technological advancements and growing demand for secured packaging are some of the major drivers of this market. In addition, increasing government regulations and emphasis laid on eradicating counterfeit good in emerging and developed economies is set to drive the market. However, high cost involved in implementing anti-counterfeiting packaging technologies and apprehension among the manufacturers about the security features of anti-counterfeiting packaging technology is expected to restrain the growth of this market.
Anti-counterfeiting Packaging Market: Geographical and Competitive Dynamics
North America is the largest market for anti-counterfeiting packaging followed by Europe, Asia Pacific and RoW. Anti-counterfeit packaging technology is largely prevalent in developed economies as they face rampant problems from counterfeit products especially in pharmaceutical, food and apparels sector. Asia Pacific is still a niche market and is expected to be the fastest growing market due to rising consumer awareness.
Some of the key players in this market are Zebra Technologies Corporation (the U.S.), Impinj Inc. (the U.S.), Avery Dennison Corporation(the U.S.), Alien Technology Corporation (the U.S.), Authentix (U.K.), Essentra PLC (U.K.), Sicpa(Switzerland), Advanced Track & Trace (France), Alp Vision (Switzerland), ATL Security Label Systems (the U.S.), Atlantic Zeiser (Germany) and E. I. du Pont de Nemours and Company (the U.S.) among others. 
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Healthcare Packaging Market to Make Great Impact in near Future by 2019-2027

  April 22, 2020    No comments
The healthcare packaging market is expected to witness robust growth during 2019-2027. The market is expected to garner 5% CAGR over the forecast period and reach a total evaluation of $137 bn by 2027 end.
Rising demand for healthcare packaging, thanks to growing concerns of hygiene in the healthcare sector are expected to propel growth of the healthcare packaging market. The widespread use of disposable plastics, and its essential place in sterilization are expected to continue as a boon for the healthcare packaging market in the near future.  
Major Trends in the Healthcare Packaging Market
  • Technology is bringing a disruption to many industries and the healthcare packaging is not an exception. The growth of e-commerce has made cross-nation trade a virtual reality for small players in the market as well. This is expected to bring pressures on costs in the packaging industry. Additionally, technological innovations in packaging like new materials, advancements on the horizon like 3D printing, and sustained upshifts in investments are expected to emerge as main drivers for growth in the healthcare packaging market.
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The growth of e-commerce has also lead to the adoption of doorstep deliver to consumers. This is expected to emerge as a major segment in the healthcare packaging market. Major pharmacies like Walgreens are investing large sums to ensure that doorstep delivery option is available to all their customers. This is not surprising as in countries like the US, busy lifestyles force people to make purchases ahead of time and require pick-up services on a regular basis. Hence, the doorstep delivery, and subsequent rise to packaged pharmaceutical goods are expected to augment strong growth in the healthcare packaging market in the near future.
  • E-commerce has also been a boon for industries that have never existed before like the sexual health industry. Earlier, barriers of traditions, lack of awareness, and access prevented people from availing information about sexual health. With the growth of e-commerce, this industry has taken a strong foothold and promises robust returns for the healthcare packaging market. The sensitive, and on-demand nature of packaging is likely to promise strong returns for players in the healthcare packaging market in the near future.
  • Customized packaging and safety concerns are also expected to drive significant growth for the healthcare packaging market in the near future. The healthcare sector has traditionally opted for safe and reliable packaging products like disposable plastics for storing syringes in large supplies. Additionally, growth of pre-filled syringes, new material advances, and customizable packaging options due to advent of 3D printing are likely to spur growth for the healthcare packaging market in the near future.
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Regional Landscape
Many pharmaceutical companies globally are investing large sums of money in research and development. The rise of chronic illnesses around the world, the streamlining of approvals, and expansion strategies in new regions are expected to propel the healthcare packaging market. It is estimated that the North America region presents 90% of the total revenues in the healthcare packaging market. Additionally, the market in the region is witnessing child-resistant and anti-counterfeiting products which are expected to reassure consumers and propel growth.
Major acquisitions in the region like Bemis Company Inc are expected to increase the competition in the region along as technology continues to improve products and create new opportunities like smart packaging. The Europe region is also expected to witness significant demand in the near future as entry of large packaging players in Poland is expected to augment strong growth in the regional market. Additionally, growth in biologics to counter bans on single-use plastics, and rise in demand eco-friendly packaging are expected to drive growth of the healthcare packaging market in the near future.
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Bag-in-box Containers Market | Business Insights, Trends, Outlook and Key Players 2019-2027

  April 22, 2020    No comments
Transparency Market Research provides key insights on the global bag-in-box containers market, in its newly published report, for the forecast period of 2019-2027. In terms of value, the global bag-in-box market is projected to clock a CAGR of ~ 5% during 2019-2027. This is due to several factors, about which, TMR provides key insights and forecasts.
Key Factors Influencing the Bag-in-box Containers Market
Bag-in-box containers are a type of packaging containers that comprise a bladder (plastic bag), generally made up of low-density polyethylene (LDPE), ethylene vinyl acetate, etc., and are placed inside corrugated boxes. The overall bag-in-box container assembly consists of a bladder, corrugated box, fitment, tap, etc. Bag-in-box containers are widely used for the packaging of food & beverage products, household products, and industrial liquid products.
  • There are various factors that are expected to drive the global bag-in-box containers market during the forecast period. Rising demand from the wine industry is catapulting the demand for bag-in-box containers, globally. Wine producers are inclined towards the use of bag-in-box containers for wine packaging, as they offer various advantages over glass bottles, are easy to pack and distribute, and cost-efficient too. Also, the oxygen transmission rate (OTR) of packaging is a prime factor in determining the overall quality of wine. Bag-in-box containers offer a low oxygen transmission rate over glass bottles, and thus, are widely preferred by wine producers across the globe.
     
  • Bag-in-box containers are 30–45% more cost-effective as compared to conventional liquid packaging options such as metal and glass. Bag-in-box containers are lightweight, which, in turn, reduces overall transportation and handling costs. Also, high barrier films are used as bladders in bag-in-box containers to help food & beverage product manufacturers extend the shelf life of their products. The extended shelf life of products allows retailers to increase shelf display time and help minimizes product wastage. The aforementioned attributes are collectively expected to drive the demand for bag-in-box containers over the following five to seven years.
     
  • The factor that might hamper the growth of the global bag-in-box containers market is the use of alternative solutions in the market. One such packaging product is a cubitainer. A cubitainer is a cube-shaped liquid handling product made of LDPE. When empty, a cubitainer is in a collapsed flat shape, and inflates into the shape of a cube when liquid is poured into it. Cubitainers are best suited for liquids, condiments, and other similar products.
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Target Regions to Capture Bag-in-box Containers Market Growth
Europe is expected to represent prominent revenue growth during the next eight years. Also, Europe is expected to hold a prominent market share in the global bag-in-box containers market throughout the forecast period. The well-established wine industry in European countries such as France, Italy, the U.K., and Sweden is expected to be the major contributor to the high consumption of bag-in-box containers in the region.
Also, the rising trend of luxury packaging in various industries such as cosmetics, personal care, food, and others is pushing the bag-in-box containers market growth in the European region. North America is also an important consumer of bag-in-box containers, closely followed by Asia Pacific.
The Asia Pacific region is expected to create high revenue growth, owing to rising industrialization, changing consumer preferences, and growing trend towards different packaging formats in bag-in-box containers packaging. India and China are the major countries to focus in the region. The surge in the demand for bag-in-box containers is expected to be fuelled primarily by increasing disposable income and per-capita spending power of upper middle-class families.
Bag-in-box Containers Market: Competition Landscape
The TMR report includes a detailed competition landscape, which includes the profiles and assessment of key players operating in the global bag-in-box containers market. Key manufacturers of bag-in-box containers profiled include Smurfit Kappa Group, DS Smith, Amcor Limited, Liqui-Box, Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Parish Manufacturing Inc., TPS Rental Systems Ltd., and Optopack Ltd. among others.
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Visualization and 3D Rendering Software Market Evaluation Targets Advancement Anticipated until 2027

  April 22, 2020    No comments
Transparency Market Research has released a new market report entitled "Visualization & 3D Rendering Software (By Deployment Type – On Premise and Cloud; By End-use Verticals – Manufacturing, Construction, Media & Entertainment, Healthcare and Others) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027" According to this report, the Global Visualization and 3D Rendering Software Market revenue stood at US$ 1,097.7 Mn in 2019 and is expected to reach US$ 6,332.1 Mn by 2027, at a CAGR of 24.5% during the forecast period from 2020 to 2027.
3D rendering is a 3D computer graphics process of automatically converting 3D wire frame models into 2D images with 3D photorealistic effects or non-photorealistic rendering on a computer. Visualization and 3D rendering software are used for creating graphical interfaces and displays for software solutions and converting 3D models into 2D images or videos. Visualization software includes graphical objects and components which are used for applications and displays with the help of software editors. Visualization software are used for graphical user interfaces in industries to display the required information in an effective manner.
This visualization and 3D rendering software are used extensively in architectural & designer firms, visual effect companies, automotive, telecommunication, industrial electronics, film, animation and other industrial segments. Visualization and 3D rendering software enables quick visualization and animation development. Furthermore, it enables development of 3D render image of any object by making few alterations into the design. Image processing and animation is easily done by skilled graphic designers, thus saving overall time.
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The process does not require any additional sophisticated models, thereby cutting down the expense of creating and changing the models to a great extent.  Less time required for 3D rendering activity across industry segment with reduced cost and Just-in-time-marketing has increased the need for creating marketing collaterals in short period of time and are the main drivers for visualization & 3D rendering software market.
The visualization & 3D rendering software market is segmented on the basis of deployment type: on-premise and cloud. In on-premise segment, we have considered the revenue generated from the sales of visualization and 3D rendering software that are installed on premise on the devices and in cloud based segment, we have considered the revenue generated from the sales of visualization and 3D rendering software that are accessed through cloud based deployment. On-premise based 3D rendering software is anticipated to dominate the market, accounting for a market share of approximately 61.8% in 2019. This on-premise based deployment market will steadily decrease over the forecast period.
The visualization & 3D rendering software market is further segmented on basis of end-use vertical manufacturing, construction, media & entertainment, healthcare, etc. Manufacturing industry segment includes all companies into manufacturing like automobile, aerospace, industrial electronics, oil & gas, creative design products, engineering, industrial units etc. Construction industry segment mainly caters to 3D rendering software requirements to Architects, Designers, Building information modeling modelers, etc. Media & Entertainment industry segment includes visual effect studios, animators, Design studios, digital media, advertising agencies, Game cinematic agencies, television shows, film industry, etc. Healthcare industry segment includes requirement of 3D rendering software in Life Sciences, hospitals, etc.
The construction industry vertical is the major contributor with a share of approximately 36.1% in 2019 of the global visualization and 3D rendering software. This is because it’s increasingly usage by Architects, Designer, BIM modelers, etc. After construction industry, the usage of visualization and 3D rendering software is observed prominently for Media & Entertainment industry. North America has significant market share in Media & Entertainment industry due to need of 3D rendering software for animation, VFX, digital media, film industry, etc.
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Artificial Intelligence Market Insights with Key Company Profiles – Forecast to 2024

  April 22, 2020    No comments
The rising demand for artificial intelligence technologies can be attributed to the stellar pace of digital transformation. A range of devices and equipment function on the principle of artificial intelligence, and this is an important consideration from the perspective of market growth. Furthermore, the growing value of the artificial intelligence market is a positive sign for the digital economy. Several industries have digitalised processes, and have invested in core AI technologies. The automation industry has caused positive disruptions across key industries, paving way for the popularity of artificial intelligence technologies.
  • Artificial intelligence technologies have helped in adding a new layer of security and safety to several industries. AI has helped in enhancing both physical and cyber security. Biometric sensors and identification devices are based on the concept of artificial intelligence. Moreover, high-security premises are secured with codes that function AI nodes.
  • There is growing relevance of AI in the healthcare industry. The advent of digital health technologies has generated formidable revenues within the global artificial intelligence market. Moreover, automated doors used in several commercial houses function on the principle of presence-sensing. It is legit to expect that the global artificial intelligence market would grow at dramatic pace in the coming times.
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Artificial Intelligence Market Definition

  • The artificial intelligence market report provides analysis of the global artificial intelligence market for the period 2017 – 2027, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
  • The report studies the artificial intelligence market from the perspective of different type and application.

North America Artificial Intelligence Market - Snapshot

North America is seen as a new growth hub for AI technology. Asia Pacific is expected to see highest opportunity addition in the artificial intelligence market globally, with Europe being the next closest region.

Key Challenges Faced by Artificial Intelligence Market Players

  • The global artificial intelligence market is currently challenged by the low upfront investment across the world. Most of the artificial intelligence companies are facing extreme difficulties in accumulating the early stage funds for research and development of prototypes and supporting technologies. Moreover, the long investment horizon for various artificial intelligence innovations is also acting as a major barrier towards the market growth. As the artificial intelligence is one of the cutting-edge technology, the interested companies may delay or reconsider the high investments.

Artificial Intelligence Market - Company Profile Snapshot

The research study includes profiles of leading companies operating in the global artificial intelligence market. Key players profiled in the report include
  • QlikTech International AB
  • MicroStrategy Inc.
  • IBM Corporation
  • Google, Inc.
  • Brighterion Inc.
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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 ...