Infant Formula Packaging Market 2020 Growth, Sales Revenue, Future Trends, Competitive Landscape and Forecast 2027

Transparency Market Research delivers key insights for the infant formula packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global infant formula packaging market is projected to register a CAGR of 8% during the forecast period.

Cans to Outpace Other Packaging Formats in Infant Formula Packaging Market

Metal cans are considered as mainstream packaging format in the infant formula packaging market. Cans are expected to create an incremental opportunity of ~US$ 2 Bn by 2027; this can be attributed to the rigidity and anti-extrusion and moisture-free features of the metal cans. Infant formula packaging manufacturers prefer metal cans over other packaging formats, as it offers high durability and better sealing performance than paper and foil films. This is one of the key factors in the growth of metal cans in the infant formula packaging market over the forecast period.

Paper and paperboard cartons in the market represent environment-friendly and cost-effective solutions coupled with better printability options. However, while storing and transportation, they are very prone to crush and might undergo other environmental issues like humidity, which might decline the sales in infant formula packaging market.

Plastic pouches are also widely used by infant formula manufacturers, as the packaging technology has developed immensely in the past five years. Infant formula packaging manufacturers are trying to incorporate the anti-rubbing feature in the pouches to overcome any pinholes on the surface of the package. Therefore, the pouches segment is anticipated to witness healthy CAGR during the forecast period in the infant formula packaging market.

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Powdered Form to Register Double–digit Demand

Infant formula comes in two forms: one is powdered and other is ready-to-feed liquid form. According to TMR, powdered form is anticipated to account for major share in the infant formula packaging as most parents or caretakers opt for powdered form to feed their infants, as it is significantly cheaper and can be stored longer. Generally, infant formula packaging manufacturers who opt for powdered form stores their products in metal cans and plastic tubs, as they offer improved salability and better durability.

Convenient Packaging and One-time Use Packaging Formats to Gain Ground in Infant Formula Packaging Market

Convenient packaging is a key concern of consumers. Additionally, to maintain quality of infant formula products, customer’s preference towards small-sized packaging formats that include sachets, flow wraps, stick packs, etc., are significant. Instead of using large-sized containers and degraded quality of infant formula, and repeated opening and reclosing of containers, consumers are having a great emphasis on one-time-use packaging formats of infant formula. “On-the-go” packaging formats with clean labelling are most preferred formats among consumers in the infant formula packaging market.

Infant formula packaging products are specially designed as per the regulations of the FDA. Various types of packaging formats for infant formula packaging are available, including plastic containers such as tubs, metal cans, folding cartons, and flexible packaging such as pouches. These packaging formats are best suitable packaging solutions for wet and dry infant formula. Low carbon impact packaging material and easy to recyclable material are gaining more traction among end users. Nowadays, the infant formula is available in pouches made up of paper. The demand for product safety, convenience features for “No-Fuss” packaging and re-sealability is increasing among consumers.

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Key Players in Infant Formula Packaging Market

The infant formula packaging market is fragmented with a majority of its players operating regionally. Players such as Amcor Plc., Scholle IPN, Sonoco Europe accounts for significant market share of the global infant formula packaging market. Big players in the infant formula packaging industry such as Sonoco are enhancing their production capacity to cater to the growing demand across the globe. However, small players such as GUALAPACK S.P.A are strengthening their supply chain to sustain in the infant formula packaging market. Some of the key players in the global infant formula packaging market are Silgan Holdings, Perrigo Company, Aptar Group, Tetra Pak, Visy Industries, and CM Packaging.

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Seafood Packaging Market 2020 Design Competition Strategies, Regional Trends and Opportunity Assessment by 2027

Transparency Market Research delivers key insights for the seafood packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global seafood packaging market is projected to register a CAGR of ~5% during the forecast period.

High Trade of Seafood Products in Asia Pacific to Propel Market Growth

The Asia Pacific is estimated to hold the highest share in the global seafood packaging market, owing to a rise in exports of scallops, squids, oysters in this region. China accounted for more than 35% of the global seafood packaging market in 2019, in terms of value. This growth can be attributed to increasing consumption of fish and molluscs in the region.

For instance, high exports of crustaceans and molluscs seafood types were recorded in 2018, according to FAO. Vietnam, Thailand, Malaysia, and other ASEAN countries are anticipated to offer lucrative opportunities for players in the seafood packaging market over the forecast period. Moreover, Europe is anticipated to offer positive prospects for players in the seafood packaging market over the forecast period of 2019-2027.

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Manufacturers to Increase Investments in Advanced Packaging Technologies

Multinational food packaging companies plan to invest high amount of capital to develop advanced packaging technologies such as MAP for seafood packaging. Quality, safety, theft prevention, and traceability are the major focus areas of global companies, while designing advanced seafood packaging solutions.

With the increasing demand for improved packaging technologies from end users, the companies are rethinking their strategies to invest in the growing market. It has been noticed that the seafood packaging companies are collaborating with technology providers to offer smart & intelligent packaging solution for products such as trays and pouches to their customers. Instead of focusing on mass production of early-stage products, seafood packaging converters strive to develop products that maintain product integrity and enhance quality.

An amalgamation of packaging technologies with existing products has helped seafood packaging manufacturers to achieve better profit margins. Advanced seafood packaging technologies are very helpful in building direct digital relationships with consumers through the package itself. This has boosted the development of new product solutions in the seafood packaging industry, which, in turn, are anticipated to create new growth opportunities for packaging converters over the forecast period.

Rising Demand for Seafood to Boost Sales of Seafood Packaging Solutions

The demand for packaging solutions for fresh seafood outpaces that for processed seafood in the global seafood packaging market. This growth is attributable to the increasing use of fresh seafood products in salads, sandwiches, and burgers, as fresher seafood tastes better than frozen. Moreover, frozen seafood requires special packaging so the products do not lose taste over time.

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However, canned fish and frozen seafood are witnessed to expand 1.5X its current in terms of market value over the forecast period in the seafood packaging market. According to FAO, China is the largest seafood producer across the globe, and in 2018, seafood imports increased, boosted by China’s large seafood processing capacity aimed at value-added seafood product exports. Domestic demand for seafood also remained strong in China in the last year, thereby fueling the growth of the seafood packaging market.

Top Players Represent under 20% Share of Seafood Packaging Market

Seafood Packaging is a fragmented market, with the majority of the players operating regionally. Sealed Air Corporation, Amcor, DS Smith, and Smurfit Kappa are some of the players that have been identified as Tier 1 players in the seafood packaging market. Some of the global players included in the seafood packaging market report are

• Amcor Plc.
• Smurfit Kappa
• Sealed Air Corporation
• Winpak Ltd.
• Crown Holdings Inc.
• AEP Industries Inc.
• DS Smith
• Silgan Holding Inc.

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Boat Trailers Market 2020: Development Strategy, Key Players Analysis, Future Trends and Outlook 2030

Considerable growth in water-based recreational activities in major developed and developing countries is expected to drive the expansion of the global boat trailers market during the assessment period of 2020 to 2030. The main function of boat trailers is to carry, launch, and retrieve boats. In some case, these vehicles are also used for the storage of boats. Hybrid trailers, roller trailers, and bunk trailers are some of the products available in the market for boat trailers.

TMR’s upcoming research report on the boat trailers market delivers important data on volume, shares, and revenues of this market. At the same time, the study gives complete analysis of important factors including challenges, growth avenues, drivers, and restraints of this market. As a result, the report works as a complete guidebook on the boat trailers market for 2020–2030.

The segmentation of the global boat trailers market is performed based on many key aspects including product, material type, load capacity, and region. Based on load capacity, the market for boat trailers is classified into more than 4,500 Kg, 1500 Kg–3,000 Kg, 3,000 Kg–4,500 Kg, up to 1,500 Kg.

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Global Boat Trailers Market: Growth Dynamics

In recent period, there is remarkable growth in use of boats as well as water crafts from all across the world. Key reason attributed to this scenario is increased recreational activities owing to the growing tourism, specifically in developed and developing countries near to waterside bodies. This factor is showing positive impact on the sales of the boat trailers market.

Major companies operating in the global boat trailers market are advancing the quality of their products. In addition to this, several companies are producing boat trailers that require minimum maintenance. Owing to all these factors, vendors in the boat trailers market are experiencing upward graph of demand from all worldwide locations. This aside, growing concentration of players toward providing products at cheaper prices is one of the key factors supporting market expansion.

Global Boat Trailers Market: Competitive Analysis

The global boat trailers market shows moderately fragmented nature and highly competitive landscape. Key reason attributed to this situation is existence of numerous international-level as well as regional players in the market. Major vendors working in the market for boat trailers are growing focus on the development of highly efficient products. As a result, they are spending more money on research activities. This is one of the key factors fueling the growth of the global boat trailers market.

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Several enterprises in the boat trailers market are concentrated on strengthening their regional presence. Therefore, they are entering into various strategic agreements including partnerships, mergers, acquisitions, and collaborations. This scenario assures the stupendous growth of boat trailers market in the years ahead.

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Automotive Steering Wheel Covers Market Analysis, Emerging Trends, Opportunity Assessment and Forecast 2030

 

• Increase in demand for enhanced esthetics of vehicle interior, including steering wheel, is anticipated to substantial boost the automotive steering wheel covers market across the globe in the near future. Steering wheel covers can be used for any class of vehicle and they can be styled according to individual need and demand.

Key Drivers of Automotive Steering Wheel Covers Market

• Rise in demand for comfortable and safe driving among vehicle drivers is expected to propel the global automotive steering wheel covers market. A steering wheel cover not only enhances the esthetic appearance of the vehicle, but also improves safety by making the steering wheel simpler to handle. Steering wheel covers are durable and add to the comfort during driving. Moreover, the steering wheel cover can be adjusted as per the comfort of the person driving the vehicle.
• Steering wheel covers help improve grip on the wheel. Additionally, they prevents the material of the steering wheel from wearing out. This could be important, especially to maintain the finish of the material on the steering wheel.
• Several automotive steering wheel covers can also alleviate pain, reduce cramps, stiffness, and fatigue caused by grasping the wheel for hours while driving owing to a soft foam layer embedded in the cover.
• Advancements in material science have enabled manufacturers of steering wheel cover to produce covers with different materials including leather, plastic, rubber, cotton, and synthetic fibers. Therefore, various products are available that cater to the consumer’s needs.

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• Disruptions in supply chain catering to the automobile industry, owing to the shutdown of production and manufacturing facilities caused by the coronavirus pandemic across the world, is estimated to contract the market in 2020-2021. Consequently, the coronavirus pandemic has hampered the global automotive steering wheel covers market.
• The market is anticipated to recover by increasing production volume of vehicle components as well as vehicles in 2021. This, in turn, is projected to offer lucrative opportunity to players operating in the supply chain of the automotive steering wheel covers market during the forecast period.

Asia Pacific to account for major share of global automotive steering wheel covers market

• In terms of region, the global automotive steering wheel covers market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

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• Asia Pacific is expected to account for a major share of the global automotive steering wheel covers market. Availability of larger consumer base in the region is a key factor driving the automotive steering wheel covers market. Additionally, Asia Pacific has a prominent aftermarket industry that caters to automotive. Therefore, the region is expected to witness increased production of automotive accessories including steering wheel covers. This, in turn, is estimated to offer significant opportunities for companies operating in the automotive steering wheel covers market.

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Vocational Vehicle Market Analysis, Sales Revenue, Business Growth and Forecast 2030

 

• A vocational vehicle is a modified special purpose vehicle designed to carry out various jobs such as fire-fighting, garbage collection, and concrete mixing

Key Drivers of Vocational Vehicle Market

• Increased urbanization, particularly in Asia Pacific & Latin America, has spurred the demand for vocational vehicles. Expansion of cities and rise in public-private partnership in town planning and infrastructural development are boosting the usage of dedicated vehicles for various duties such as tree trimming and garbage collection. Rise in demand for sustainable infrastructure and development of smart-cities is expected to further boost the demand for vocational vehicles during the forecast period.
• Rise in re-development projects across developed countries, such as U.S and Europe owing to the revival of the construction industry post the 2008 financial crisis, is boosting the demand for vocational trucks

Challenges of Vocational Vehicle Market

• Manufacturing of body & chassis requires custom building. Furthermore, modification of existing vehicles into vocational vehicles is a custom job and requires more time and higher operational charges.

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Recreational vehicle segment to witness significant expansion

• The recreational vehicle segment is estimated to expand at a notable growth rate owing to a rise in the demand for comfortable travel & shifting consumer preference toward holidays and motor trips. The dump truck & garbage truck segment held a considerable share of the vocational vehicle market owing to expansion of the construction industry and increased urbanization.

North America held a leading share of global vocational vehicle market

• North America accounted for a leading share of the vocational vehicle market in 2019, owing to high sales of vocational vehicles in the U.S. The market in Asia Pacific is anticipated to expand at a high growth rate during the forecast period owing to rising urbanization in China, India, and ASEAN countries. Government initiatives in India and China for rural development and infrastructure development are anticipated to propel the adoption of vocational vehicles in these countries and subsequently, boost the vocational truck market in Asia Pacific.

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Key Players Operating in Vocational Vehicle Market

The global vocational vehicle market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global vocational vehicle market are:

• Daimler AG
• Volkswagen Group
• PACCAR Inc.
• Volvo Group
• Caterpillar Inc.
• Liebher Group
• Hino Motors, Ltd.

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Actuator Market Demand, Growth Factors, Regional Trends, Future Plans and Outlook

Transparency Market Research (TMR) has predicted the global actuator market to steadily expand between 2017 and 2025. Recent advances upgrading technologies used in the automotive sector will offer impressive growth opportunities to the market. This, coupled with the increasing production of vehicles, will buoy growth for the global actuator market, finds TMR in a new study.

The rising demand for automatic features in vehicles has kept the market players on their toes. With their focus on consolidating market shares, the leading names in the global actuators market are looking to expand their product portfolio. Besides this, several among them are engaging in strategic alliances with other prominent enterprises to gain a stronghold in the global actuator market.

In its study TMR has profiled companies such as Cebi International S.A., HUSCO International, Kiekert AG, Actus Manufacturing, Inc., Robert Bosch GmbH, and others. It studies in detail various strategies adopted by these companies to gain a competitive edge in the global actuator market.

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According to TMR, the market will exhibit a CAGR of over 7% between 2017 and 2025 in terms of volume. The market is likely to be facilitated by the rising demand for vehicles with automatic features. Against this backdrop, the market has gained immensely from the advent and the subsequent popularity of electric vehicles.

Regionally, Asia Pacific emerged dominant in the global actuator market on account of the presence of the several leading companies in the region. The expanding automotive industries in India, China, and Japan are forecast to fuel growth opportunities for the market in Asia Pacific. Besides this, the availability of cheap labors, declining import duties, and favorable government initiatives are expected to create lucrative prospects for the actuators market.

Strategies Adopted by Leading Automakers to Sustain Growth will Have Positive Influence

Automakers are running their business amidst cut-throat competition. At a time when consumers are spoilt with choices, several manufacturers are including automatic features to differentiate their products. This in turn gives scope for growth to the global actuator market. In the coming years the market is expected to gain from the rising use of electronic components in vehicles. Given the scenario, the rising disposable income of consumers will bode well for the actuators market. On the downside, the presence of certain stringent regulations is restraining the market to an extent. For instance, various governments strictly observe a few safety norms for vehicles that are projected to fuel the demand for actuators.

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Rising Demand from HVAC Segment to Boost Growth

Be it as it may, some of the strict guidelines have compelled automakers to include systems such as VVTs, turbochargers, and active grill shutters in their vehicles. Actuators are integral to these systems hence such regulations are expected to sway demand in favor of the global actuator market. In the coming years, the market is expected to witness rising demand from the HVAC, which also held dominance in the market based on application. The rising demand from this segment is forecast to bode well for the market. Furthermore, the increasing adoption of headlamps is expected to bolster sales prospects.

This review is based on a TMR report, titled “Actuator Market (Actuator Type – Electric Actuator, Hydraulic Actuator, Pneumatic Actuator, Mechanical Actuator; Vehicle Type – Passenger Vehicle, Commercial Vehicle, Electric Vehicles; Application – Variable Valve Technology, Turbochargers, Coolant and Refrigerant Systems, Brake System, Active Grill Shutter, Adaptive Headlamps, HVAC Systems; Sales Channel – Original Equipment Manufacturer, Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

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Bullet Train/High-Speed Rail Market: Competitive Landscape, Future Plans, Opportunities and Comprehensive Research Study Till 2026

Bullet train/High-speed rail is an advanced railway transport that operates faster than traditional rail traffic. Globally, there is no single speed standard to term high-speed rail, new high speed train with speed of 250 kmph & above and existing train with speed of 200 kmph & above are widely considered to be high-speed rail. Bullet train/High-speed rail uses an integrated system of specialized rolling stock and dedicated tracks to achieve high speed. Bullet train/High-speed rail works on the maglev principle. Maglev is short for magnetic levitation, which means that these trains are expected to float over a guideway using the basic principles of magnets to replace the old steel wheel and track trains.

Increase in demand for bullet train/high-speed rail is largely due to its accuracy and ability to cover large geographic distances in a short time. This is expected to be a prime factor driving the bullet train/high-speed rail market during the forecast period. Increasing government support across the world for incorporation of fast trains, as they are economical, safe, and a rapid means of transport, is expected to boost the bullet train/high-speed rail market during the forecast period. By 2018, high-speed trains are expected to be operating in nearly 24 countries, including China, Japan, France, Italy, Germany, Spain, and the U.S., up from only 19 countries presently.

Research across the world has revealed that the number of countries incorporating the bullet train/high-speed rail is expected to nearly double over the next few years. Bullet train/high-speed rail is expected to incorporate sophisticated technologies to augment safety operation due to advancements and progression in automation in the railway industry. This, in turn, is projected to make the trains more reliable and is expected to lead to a reduction of both cost of travel and travel time. These benefits are likely to provide lucrative opportunities to the bullet train/high-speed rail market. Higher construction and maintenance cost of high speed rail tracks is expected to hamper the bullet train/high-speed rail market, especially in underdeveloped or developing countries.

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The bullet train/high-speed rail market can be segment based on engine type, speed, application, technology, and region. Based on engine type, the bullet train/high-speed rail market can be bifurcated into diesel, electric, and other segments. In terms of engine type, the electric segment accounted for a major share of the market. This is owing to its economical and energy-efficient operation.

Based on speed, the bullet train/ high-speed rail market can be classified into 200-299 kmph, 300-399 kmph, and other segments. The 300-399 kmph segment accounted for a prominent share of the market. In terms of volume, 300-399 kmph segment is expected to expand at a rapid pace due to the preference of various railway authorities across the world to enhance the speed of bullet train/high-speed rail fleet in order to boost rail transit modes.

Based on application, the bullet train/ high-speed rail market can be segregated into passenger and freight. The passenger segment holds a prominent share of the market, as compared to the freight segment, owing to the higher rate of adoption and eco-friendly transport with high luxury and comfort. The passenger segment is expected to retain its dominant position in the market during the forecast period.

In terms of technology, the bullet train/ high-speed rail market can be divided into maglev and wheel on rail. The wheel on rail segment is expected to expand at a significant growth rate, as compared to the maglev segment. This is due to the embellishment of current functional trains in high-speed operation is fueling the wheel on rail segment.

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Based on geography, the bullet train/ high-speed rail market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe accounts for a significant share of the global bullet train/ high-speed rail market, owing to the high rate of adoption and demand for eco-friendly transportation in the region, especially in France, Germany, Spain, and Portugal. The market in Asia Pacific is expected to expand at a prominent growth rate owing to advancements in railways transportation, especially in China, Japan, and South Korea. Japan was the first country to employ bullet train/ high-speed rail. Rising demand for high speed train in this region is expected to boost the bullet train/ high-speed rail market.

Prominent players operating in the global bullet train/ high-speed rail market include Thales Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, Talgo, ABB, Toshiba Infrastructure Systems & Solutions Corporation, Kawasaki Rail Car, Inc., CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., Mitsubishi Heavy Industries, Ltd., and CRRC Corporation limited.

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