Commercial Refrigeration Equipment Market Analysis, Advancement and Precise Outlook – 2025

The analysts of a recent business intelligence study by Transparency Market Research (TMR) has detected that the commercial refrigeration equipment market in the region of Latin America is consolidated in nature, with merely six companies accounting for about 92% of the total shares in 2016. The six companies, viz. Metalfrio Solutions, Illinois Tool Works, United Technologies Corp., Dover Corp., Daikin Industries Ltd., and Lennox International, are expected to maintain their stronghold over the competitive landscape in the near future too, while the competition among them will remain intense at the same time.

For these six market leaders in the Latin America commercial refrigeration equipment market, the emphasis is expected to remain on strengthening of their supply chain, particularly in the important countries of Mexico, Brazil, and Argentina. Development and launches of new products that meet diverse demands is another mode for the market leaders to gain ground over their competitors.

Latin America Commercial Refrigeration Equipment Market to be worth US$1,619.0 mn by 2025

If the projections of the TMR report are to be believed, during the forecast period of 2017 to 2025, the demand in the Latin America commercial refrigeration equipment market will increment at a notable CAGR of 6.50%. By the end of the forecast period, 2025, the analysts have estimated that the opportunities in the market will translate into a revenue of US$1,619.0 mn, considerably up from its evaluated worth of US$927.4 mn in 2016. As far as the new entrants are concerned, the entry barrier is expected to remain high in the near future and shares will remain distributed among the aforementioned six market leaders.

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Based on product type, the report segments the Latin America commercial refrigeration equipment market into refrigerator and freezer, transportation refrigeration equipment, commercial refrigeration equipment parts, and beverage refrigeration. In 2016, the refrigerator and freezer segment provided for 37.4% of the demand in 2016 and is anticipated to remain most prominent throughout the forecast period. Application-wise, the market has been bifurcated into food and beverage retail, food services, food and beverage production, and food and beverage distribution. On the basis of refrigerant type, the market has been classified into inorganic, fluorocarbon, and hydrocarbon or natural. Country-wise, Brazil has been highlighted as the most profitable nation for the vendors of this market to concentrate on, providing for 38% of the total demand in the Latin America commercial refrigeration equipment market in 2016.

Rapid Urbanization a Boon for Commercial Refrigeration Equipment Market

Changing food consumption pattern of urban populations across the emerging economies of Brazil, Argentina, and Mexico is the primary driver of the Latin America commercial refrigeration equipment market. The restless lifestyle that urban population are resorting to in order to gain disposable income is showing on increased consumption of packaged food that utilize refrigeration processes to maintain freshness and nutrition for longer durations. While the prosperity of the food and beverage industry is propelling the demand in the commercial refrigeration equipment market, development of diverse type of equipment that ideally meet different requirements is driving the adoption, despite the substantial cost of these products.

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In many cases, food and beverage companies provide these refrigeration equipment to retail shop vendors as the space occupied helps them as a mode of advertising and market of products right where the customer footfall is maximum. These advertising companies generate bulk demand. Mexico commercial refrigeration market, in particular, is foreseen for a healthy future on the back of incrementing demand for frozen and ready-to-eat food as well as the presence of a formidable food processing industry in the country.

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Smart Manufacturing Market Drivers and Growth Opportunity Analysis Report, 2019-2024

• The global smart manufacturing market is prognosticated to witness a positive growth curve in forthcoming years, reports Transparency Market Research (TMR). The vendors that are part of the smart manufacturing market’s business landscape are exhibiting cut-throat competition with each other. Nevertheless, a few leading players currently dominate the market. The strategies used by leading vendors is increased focus on geographical expansion, and strategic collaborations, and increasing their production capacities in the industry. A prime example of this would be the vendors acquiring start-ups involved with autonomous delivery robots. This is a key trend that is expected to be capitalized on by players in the market to increase their shares.

  Other prominent steps taken by vendors to increase their footprint in the global smart manufacturing market include resource allocation to product innovation, mergers and acquisitions, and exploring untapped regional markets. For instance, GE Power Services entered into a milestone agreement with Edison, to improve efficiency at its Puglia power station that has a Candela combined cycle.

  Leading vendors in the global smart manufacturing market are Honeywell International Inc., Johnson Controls Inc., Siemens AG, ABB Ltd., and Emerson Electric Company.

  TMR predicts that the global smart manufacturing market will exhibit a CAGR of 13.2% over the forecast period of 2016 to 2024. The market was estimated to be worth US$159.05 bn in 2015, and is likely to reach a value of US$548.14 bn by 2024.

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  The growth of the smart manufacturing market is likely to be propelled by the high demand from the end-use segment of defense and aerospace. These sectors are responsible for generating high demand for quality controlled and customized equipment. According to a study led by Capgemini, as of March 2017, 62% of aerospace and defense enterprises had adopted a smart manufacturing initiative.  At present, North America is leading the global smart manufacturing market, on the back of the region’s established industrial sector.

  Dire Need to Improve Efficiency Steers Market Trajectory

  Different vendors in the industry are seeking ways to reduce costs, improve product quality and production efficiency. Thus, improved productivity and reduced production cost structure drive the growth of the world's smart manufacturing market. Smart production technology has seen a significant market growth since it provides ample technological solutions for small and medium-sized companies and its users with connected supply chains. In the next few years, this is expected to emerge as a key factor in driving the smart production market.

  Adoption of MES Technology to Drive Growth

  Business data in companies and multi-plant transactions need to be centralized with the aid of real-time analysis, which is one of the features of MES that drives the expansion of this market. Due to the availability of cost-effective MES solutions for various process and discrete vertical industries, this demand is expected to increase, not least among small and medium enterprises (SMEs).

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  Industry 4.0 to Emerge as Key Market Trend

  Smart Manufacture (in the USA) or Industry 4.0 (in Europe), is the most recent wave in the Industrial Revolution. The Smart Manufacturing Leadership Coalition (SMLC) in the United States is working on the future of production. In comparison with the current situation, this concept of production will significantly increase the technological complexity of the value added processes. Industry 4.0 percolation is identified as a key trend that is likely to boost the global smart production market.

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Service Robotics Market Growth, Opportunity and Forecast 2021

Transparency Market Research reports said that the service robotics market is extremely competitive and fragmented. This is due to the presence of a large number of young entrants with innovative technological solutions. Major companies are progressively concentrating on emerging new technologies, improving the existing portfolio of product, and launching new products with enhanced features. Key enterprises in the service robotics market provide a broad range of robots for supporting in numerous applications. Moreover, they are collaborating and acquiring with other prime entrants in the service robotics market. This owes to the improvement in their offerings and increases their customer base. 

One of the notable growth instances for service robotics technology is, in 2014, the Intuitive Surgical, Inc. has introduced the da Vinci Xi Surgical System for the surgeries to be less risky. It is the most advanced and less prone to risk option for complex surgeries. The XI lets the surgeon to discover a various portion of the body in the middle of operation without shifting the whole equipment. 

As stated by the analyst of TMR, the market for service robotics had acquired profits value of US$5.57 bn in 2014. The market is expected to expand and reach to US$22.50 bn until 2021. This expansion is estimated to occur at an impressive CAGR of 18.8% from 2015 to 2021. Based on products, the global service robotics market is segmented into professional and personal service robots. Among these, the professional service robots are estimated to acquire the maximum revenue shares of the market. This is due to their growing implementation in field, healthcare, and defense sector. 

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The largest region for service robotics market is North America, trailed by Asia-Pacific. The U.S. is holding the maximum revenue share in the developed economy. During the recessionary period, the Canada was relatively stable and the profits were more noticeable. As North America is a technologically developed economy, better quality chips, low-cost sensors, cloud-based machine learning, and developed in speech understanding are being advanced. These driving factors are projected to improve the future of the service robotics market. Service robot models are utilized for office cleaning, package deliveries, and improving safety and security. 

Rising Demand of Networked Robots is driving the Service Robotics Market 

The service robotics market is now working to inspect and monitor several of workflows and processes through numerous sectors. This monitoring would be done through networked robots, along with deployed regions. These services allow enterprises systematize effectively the processes, particularly in region, where human interference can’t be used. Moreover, it can primarily lessens the dependence of human workforce. The accuracy and performance of networked robotics has majorly enhanced in the past few years. This is due to rising developments in hardware and processing incorporation. The growing labor cost, comprises the immense pressure on producers to meet deadlines, has resulted in the rising implementation of networked service robotics. This increased usage of network robots has driven the global service robotics market in the past few years. 

Expansion in Capital Investments to Limit the Growth of the Market 

There are aspects that are retraining the growth of market like the need for expanding investment of capitals, surge in cost of R&D, along with the intricacy related with robot programming. Furthermore, absence of awareness about the benefits of these service robots in the developing regions is also hindering the market. In addition, the safety concerns related with the application of such robots is limiting the market growth. However, the increasing penetration of deep learning technologies and IoT into the systems is improving the complete features of the robot. It allows them for real-time decision making in unpredictable conditions and industrial surroundings is propelling growth of the service robotics market. 

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The study presented here is based on a Transparency Market Research report titled “Service Robotics Market (Product - Professional Service Robots and Personal Service Robots; Application - Defense, Agriculture, Healthcare, Logistics, Aerospace, Infrastructure, Entertainment, and Research and Development) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

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Industrial Boiler Control Systems Market Size, Global Industry Outlook Analysis Report, 2019-2027

• Industrial boiler control systems are frequently upgraded with new and advanced technologies and development of software in order to improve their functioning and productivity
• Incorporation of automation in industrial boiler plants helps in observing, maintaining, and controlling the functionality of the plant from a remote location
• Most boilers are not operated at their full capacity in a multi-boiler facility, due to various factors such as peak demand, load variations, and redundancies such as breakdowns
• The productivity of a boiler lowers when it functions at part load, owing to diminished combustion efficiency, radiation losses, and frequent burner trips resulting in boiler shutdowns
• Boilers consume a lot of energy. Thus, loss of efficiency of boilers can be unprofitable for a company. This factor has prompted companies to operate a base number of boilers at peak load in a multi-boiler facility.
• This can be accomplished by utilizing a sequence control system that would ensure boilers are fired in a controlled manner by averting regular over firing.

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Global Industrial Boiler Control Systems Market: Dynamics

• Rising demand for boiler sequence control systems acts as a driving factor for the global industrial boiler control systems market
• Moreover, increasing demand for online control of industrial boilers for energy management is expected to drive the global market in the next few years
• In addition, growing popularity of burner management systems (BMSs) has boosted the global industrial boiler control systems market
• However, rising demand for natural gas and renewable energy acts as a key factor restraining the global industrial boiler control systems market

Global Industrial Boiler Control Systems Market: Segmentation

• Based on type, the global industrial boiler control systems market can be divided into control elements and communication
• The control elements segment accounted for a leading share of the global industrial boiler control systems market in 2018. The segment is projected to continue its dominance throughout the forecast period.

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Asia Pacific to Lead Global Market for Industrial Boiler Control Systems

• In terms of region, the global industrial boiler control systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
• Asia Pacific is likely to dominate the global market for industrial boiler control systems from 2019 to 2027, followed by EMEA and North America.
• Rapid growth of the industrial sector in developing economies of Asia Pacific, such as China and India, has boosted the market in the region.

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Rigid Plastic Packaging Market Developments and Growth Strategies Adopted by Top Key Players

Rigid plastic packaging, as the name suggests, solely involves the usage of plastic material; it has a relatively inflexible shape or form. The global rigid plastic packaging market has exhibited considerable growth during the past few years, driven by the various beneficial properties of rigid plastic packaging, such as it is light weight, supple, and durable. Besides, rigid plastic packaging keeps the goods safe for a long period of time. Moreover, the changing lifestyle and increased consumer spending on packaged goods are factors attributed to the expected growth of the global rigid plastic packaging market over the forecast period.

Due to the rising environment concerns, there has been a rise in demand for recyclable products, thus paving the way for the foray of various recycling infrastructures for plastics, which in turn is propelling growth of the market for rigid plastic packaging. Rigid plastic packaging is used in various industries such as food & beverages, pharmaceuticals, and personal care, among others. The growth witnessed in these industries, in turn, is further propelling growth of the market for rigid plastic packaging. Overall, the global rigid plastic packaging market is expected to expand at a single digit CAGR over the forecast period.  

Rigid Plastic Packaging Market: Drivers & Restraints

The rigid plastic packaging market is driven by the increasing demand from the food and beverages industry, which is one of the prominent end users of rigid plastic packaging. The eating habits of consumers globally are changing as the consumers are increasingly opting for packaged foods, which in turn is further driving growth of the market for rigid plastic packaging.

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However, the non-biodegradable properties of rigid plastic packaging have been observed to have a serious impact on the environment, which can pose as a restraint for growth of the rigid plastic packaging market over the forecast period. Hence, some manufacturers are using natural raw materials over synthetic materials for manufacturing of rigid plastic packaging types. This trend is expected to help counter the environmental issues related to rigid plastic packaging. Expansion of plastic recycling units is another alternative for countering the environmental restraint. On the other hand, the competition from flexible plastic packaging may have a negative impact on growth of the rigid plastic packaging market over the forecast period. 

The global rigid plastic packaging market is anticipated to register a favorable growth during the forecast period, 2016?2026. On the basis of geography, the global rigid plastic packaging market is segmented into seven key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East & Africa. Among the aforementioned regional markets, the Asia Pacific market is projected to register the fastest growth over the forecast period, due to the dominance of the food and beverage industries in the region, especially in China, which accounts for the largest share of the rigid plastic packaging market in the Asia Pacific region. In terms of market share, the North America market is trailing behind the Asia Pacific market, and is followed by the Western Europe market. The remaining regional markets are expected to grow at a steady rate over the forecast period.

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Halal Packaging Market Outlook and Forecast to 2024

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

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

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

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

Cardia Bio-plastics, a supplier of sustainable resins to the global plastic and packaging industries, has received Halal certification for its range of bio-hybrid resins.

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

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

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

1. Use of obstructions in the manufacturing facility to enclose the processing or manufacturing units for avoiding external contamination
2. Choosing ingredients, which are Halal, in particular those which are expected to be used as additives   
3. Analysing the polymer resins by detecting the presence of animal-based elements, such as animal fats and pig derivatives, to ensure that the polymer resins are completely free from animal based ingredients

The above mentioned methods may further include adopting a system for maintaining Halal ingredients database and procedures

Regionally, in view of the booming Muslim population in the Middle East, North Africa, and South and Southeast Asia, the market in these regions is anticipated to lead the overall Halal packaging market, and would be followed by the former Soviet Union and China markets. Also, each region has its own Halal authority for giving Halal certification to a product or a service.

Major market players in Halal packaging market include MM Karton, Varsity Packaging, and Al Halal Packaging. Currently, the market is fragmented with a very few market players. However, the packaging giants are enthusiastic about getting Halal certification, as the market potential of Halal packaging is projected to be very high. If the players in the packaging business want to become Halal certified, they may have to change some of their suppliers or modify their production process. 

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Baby Food Packaging Market Is Big Booming With Top Key Players

Baby food packaging is of paramount importance for consumers to safeguard the quality of the packaged food. The baby food packaging market has evolved from the use of glass jars to plastics and other materials that are easy to store and are low in cost. The packaging of baby food is available in various types such as folding cartons, metal cans, thin wall containers, stand-up pouches that are suitable for different food types such as dried, milk formula, prepared, and other baby food. The demand for stand-up pouches is on the rise owing to their long shelf life. 

The report presents an in-depth analysis of the development aspects of the global baby food packaging market for the 2016-2024 period. Besides this, technological and design innovations in the packaging of baby food are discussed at length in this report. The research report has been prepared after an extensive research phase to present the growth trajectory of the global baby food packaging market until the end of the forecast period in 2024. The report provides a granular view of the market segments along with the factors influencing them. In this report, the current competitive structure is analyzed based on which the changing competitive hierarchy is presented factoring in market fluctuations. 

Global Baby Food Packaging Market: Drivers and Restraints 

The increasing demand for stand-up pouches and thin wall containers owing to their hygienic, lightweight, safe, reusable, and easy to carry nature are some of the primary factors driving the global baby food packaging market. The freshness of food and long shelf life are added advantages of these packaging fuelling the growth of the baby food packaging market. However, the presence of BPA (Bisphenol A) in the plastic used for baby food packaging is harmful to infants and has been banned by the governments of the U.S., Canada, and several European countries. 

Nevertheless, research and development for the introduction of biodegradable materials such as paper will open growth opportunities to the growth of this market. The increasing preference of teenagers for foods packed in microwaveable plastic tubs and pouches is benefitting the growth of this market. Moreover, the increasing demand for packaged food from rural areas is also expanding the growth opportunities of the global baby food packaging market. 

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Global Baby Food Packaging Market: Regional Outlook 

The report segments the global baby food packaging market into North America, Asia Pacific, Europe, and Rest of the World. Amongst these, Asia Pacific is emerging as a significant market for baby food packaging due to the increasing use of packaged food products by the urban population. The rising disposable income and busy lifestyle are also adding to the growth of the baby food packaging market in Asia Pacific. 

Companies Mentioned in the Report 

The report presents the competitive landscape of the market, wherein the top players are profiled for their key business attributes. Some of the top companies operating in the global baby food packaging market are Bericap India Pvt Ltd., Hindustan National Glass & Industries Ltd., Tata Tinplate Company of India (TCIL), Cascades Inc., FPC Flexible Packaging Corp., Hood Packaging Corp, AptarGroup Inc., Bemis Company Inc., MeadWestvaco Corporation, Essel Propack Limited, IYC Ltd Paperboards and Specialty Papers Division (PSPD), Tetra Pak India Pvt Ltd, Celplast Ltd, Pretium Packaging LLC, Ball Corporation, Winpak Ltd, and Rexam Inc. 

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