PVDC Shrink Bags Market | Size, Share, COVID – 19 Outbreak and Forecast to 2028

In a recent report, Transparency Market Research (TMR) delivers insights into the global PVDC shrink bags market. It covers global industry analysis and offers insights into size, share, and growth trends. The report also offers refined forecast for the period between 2020 and 2028.

According to TMR, the global market is forecast to rise at 2.9% CAGR over the course of the forecast period. The report offers a comprehensive overview of the market, covering various factors enabling growth.

PVDC shrink bags sales surged in response to the increasing demand for flexible and uniform packaging solution. These bags are resistant to puncture and have excellent luster. They are lightweight and considered extremely convenient to offer packaging solutions in the food sector.

These bags are predominantly used for packing fresh and processed meat and seafood items. While shrink bags find exceptional usability in shipping and logistics industry, the food sector is expected to account for maximum share in the market for PVDC shrink bags.

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TMR’s report segments the market in terms of product, application, and region. Based on product, side sealed shrink bags account for hefty share in the market and is expected to remain dominant through the course of the forecast period.

Rising Demand for Improved Shelf-life Spurring Growth Prospects

PVDC shrink bags are manufactured to offer strong seal performance. It therefore is expected from them to address myriad p0ackaging needs while exhibiting excellent sealing functionality. These bags are also found useful in ensuring longer shelf life of any food products.

The demand for shrink bags is likely to surge in the coming years. A small increase in shelf life, especially in meat, poultry, and sea food products is valued by consumers. It is also a valued proposition for industry participants creating opportunities for them to strengthen their footprint in the market.

PVDC shrink bags’ ability to improve shelf life of food products, coupled with their excellent properties as barrier to moisture and oxygen, is the primary reason behind their widespread application in the food sector.

With the increasing penetration of giant retail chains in developed and high potential markets alike, the demand for packaged foods is likely to accelerate. Against this backdrop, shrink bag manufacturers see incredible scope for expansion in the near future.

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Manufacturers Focusing on Design Innovation to Offer Better Customization

The demand for PVDC shrink bags is rising, however, not at a pace expected. It has therefore led market players to focus on innovative product designs. There is greater focus on incorporating innovative features such as high puncture resistance, impressive barrier properties, and greater luster to continue gaining traction through the course of the forecast period.

A case in point in Schur Flexibles Holding GesmbH’s PVDC shrink bags that bring to the table impressive puncture resistance, excellent, transparency, high barrier properties, and flexo printing options.

Meanwhile, Sealed Air Corporation has designed shrink bags meant for meat packaging with features such as excellent brightness, gloss, and transparency, and multi-barrier structure to prevent microbiological growth.

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Reclosable Films Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

Transparency Market Research delivers key insights for the reclosable films market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020–2026. In terms of revenue, the global market is projected to grow at an astonishing CAGR of 7.9% during the forecast period, owing to several factors, about which TMR offers detailed insights and forecasts in the reclosable films market report.

Reclosable films are high quality packaging films provide excellent oxygen and moisture barrier used to pack, store, and transport the variety of food and non-food items. Reclosable packaging films are predominantly used in key industries such as food & beverages, pharmaceuticals, personal care, and others industries, as a plastic packaging intermediary. TMR team segmented the analysis of reclosable films market based on various factors such as material type, peel strength, packaging type, thickness, and demand from end-use industry across five regions. As per the TMR analysis, by packaging type, trays segment in the reclosable films is account for hefty market share and is expected to further lead the overall reclosable films market throughout the forecast period.

Rising Preference for Shelf Life Enhancing Packaging Solutions Augment Demand

Manufacturers develop reclosable films with robust seal performance. Reclosable films are used to address different types of packaging needs and exhibit superior sealing functionality. The shelf life of any product is a major factor for end users and thus, the demand for reclosable films is expected to increase considerably in the upcoming years. A small increase in shelf life, especially in meat products, is a valuable proposition for the industry participants and creates significant opportunities for them to enhance their market footprint.

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Packaging films and implementation of packaging formats, such as modified atmosphere packaging and vacuum, enables reclosable films packaging manufacturers and retailers to extend shelf life of various products, such as bakery & confectionery, fruits & vegetables, ready-to-eat foods, frozen foods, etc. The reclosable films demand is benefiting from the growing dominance of large retail chains in developed and developing national markets, as these chains help to expand the market for packaged foods while laying emphasis on shelf life extension.

Rising Consumption of Convenience Foods Supplement Sales of Reclosable Films

One of the key factors expected to play a crucial role in the growth in demand for reclosable films is increasing demand for convenience foods in emerging economies, such as China, India, and ASEAN countries. Convenience foods, such as bakery items, confectionery & snacks, and meat & dairy products available at various food outlets have witnessed significant rise in consumption. This is expected to positively impact the growth of the reclosable films market. Furthermore, the global food & beverages market has witnessed healthy growth over the past few years, and this is projected to continue in the foreseeable years. Moreover, this remarkable market growth is not just in mature markets of North America and European countries, but also in the fast-growing and developing markets in Asian countries. Furthermore, rising middle-class group coupled with increasing expenditure on food consumption in emerging markets is anticipated to boost the economic growth of the food & beverages industry. This is likely to create a positive impact on the demand for reclosable films across the globe.

Low Puncture Resistance Hampering Demand for Reclosable Films

Reclosable films are available in the market with a variety of thickness and grade, even though they fail to provide physical protection to the product. These reclosable films are prone to tear and have low puncture resistance which in turn may affect and degrade the product quality, pack, and seal inside it. Owing to this factor, reclosable films require gentle and proper handling throughout the value chain in order to provide protective and efficient packaging solution.

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Reclosable Films Market: Competition Landscape

The global reclosable films market is projected to witness strong competition among key players. This market includes many well-established market participants. Besides this, many other local players and start-ups are entering into reclosable films market attributing to significant revenue creation with the rising demand of reclosable films. Some of the key players operating in the global reclosable films market are DowDuPont Inc., Sealed Air Corporation, Korozo Ambalaj Sanayi Ve Ticaret AS, Schur Flexibles Holding GesmbH, Winpak Ltd., Industria Termoplastica Pavese SpA, Sudpack Verpackungen GmbH + Co. KG, Coveris Holdings S.A, Buergofol GmbH, Plastopil Hazorea Company Ltd, Berry Global Group, Inc, and TCL Packaging Ltd, among others.

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Railway Cyber Security Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

The global railway cyber security market is expected to witness a robust growth in the near future. Technological advancement like automation and central control management systems are expected to drive growth of the market.

These centralized systems are becomingly increasingly important as high-speed trains and metros become widespread globally. Today, centralized systems can manage entire workloads of railway operations including rail traffic management, automation of traffic, and signaling. The growing dependence of these systems also makes them vulnerable to cyber-attacks.

Transparency Market Research (TMR) reports sheds some detailed findings about the share, size, growth, and trends in the global railway cyber security market during the forecast period.

Global Railway Cyber Security Market: Notable Developments

Some of key developments in this area of global cybersecurity market are as follows:

• In 2016, San Francisco transit system was attacked with ransomware. The attackers demanded 70,000 USD in return. Similarly, Colorado department of Transportation shut down in 2018, due to a ransomware attack on 2000 computers. Moreover, due to cyber security threats to other US departments, a currently Chinese hand behind these attacks is suspected and a senate investigation in the US is underway.

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• In a similar twist, US senator Ed Markey with others has put forward two bills in the senate which will require the US government to make mandatory checks before purchasing hardware railway equipment from China. This is a move which is expected to add fuel to the fire in the recent trade war.
• Moreover, it is also an incident similar to the Huawei case, wherein the US claims there is a potential espionage threat. These bills and atmosphere of uncertainty can hamper growth of the railway cyber security market if it persists for a long duration.

Global Railway cyber security market: Drivers and Restraints

New Policies to Boost Market

A new insurance policy is launched in Germany which provides more assurance in tackling the menace of cybersecurity. The policy framework provides ratings based on the rail cyber index designed by experts is expected to aid in the growth of the global railway cyber security.

Additionally, the insurance will cover new areas such as extortion through ransomware, loss of customer data, and system breakdown emergencies. New insurance policies and framework are expected to provide impetus to adopting cyber security framework as these are often essential for insurance pay-outs. All these factors are expected to push the expansion of the global railway cybersecurity market.

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New Technologies to Promote Growth

Apple purchased a division of Intel working on 5G modems. This development is significant as it gives wings to the ambition of independently developing US portfolio on 5G technology. This technology is expected to make deliver incredible data speeds making it easier to support technologies like video communication, artificial intelligence, and general connectivity.

Apple can complete the 5G upgrade within a couple of years to gain huge stride towards the expansion of the railway cyber security market. The 5G technology can also provide a major boost to the central monitoring system with real-time video communication and technologies like hologram, owing to the surge of the global railway cybersecutity market over the forecast period.

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Tow Bar Market Report: Top Companies, Trends and Future Prospects Details for Business Development

 

• A tow bar is a device attached to the chassis of a vehicle so that it can be pulled by another vehicle or power source. The tow bar is designed to enables proper load distribution and swiveling of the towed vehicle.
• Rise in disposable income and consumer demand for off-road and touring activities is projected to boost the demand for tow bar globally

Key Drivers and Restraints of Global Tow Bar Market

• Government mandates, such as regulation (EU) No 1005/2010, requires all motor vehicles to be fitted with towing device such as tow bar. Adoption of such regulations worldwide is expected to drive the global tow bar market.
• Rising roadside assistance services and demand for towing is boosting the demand for the tow bar. Increased number of vehicles on road and high-speed engines have driven the number of accidents, thereby spurring the need for tow bar.
• Sales of electric vehicles are rising rapidly, globally, and these vehicles often require towing in case of breakdown, as there is very little scope of on-spot repair. Consequently, increased demand for electric vehicles is expected to drive the tow bar market.
• Emergence of electric foldable tow bar, offered by automakers such as BMW AG, is a key trend witnessed in the tow market. Rising electrification trend and consumer demand for automatic vehicles systems is boosting the demand for tow bar.

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• Increasing stringency in safety regulation is prompting tow bar manufacturers to develop tow bar that are capable of withstanding higher forces and are able to bear or haul more vehicle mass.

Foldable tow bar segment to expand significantly

• Fixed tow bar are cost-effective and extensively used. The foldable tow bar segment is anticipated to expand significantly due to its robust nature. Electrically operated foldable tow bar are being adopted in premium vehicles. Rise in sales of premium vehicles is anticipated to boost the demand for foldable tow bar.

Passenger vehicles to witness significant demand

• Passenger vehicles, such as light-duty trucks and SUVs, contribute toward the high demand for tow bar. In North America, trucks manufactured by General Motors and Ford are widely used in off-road activities and hence, contribute significantly to the demand for tow bar.

OEM to hold leading share of global market

• Majority of vehicles contain OE standard fitted tow bar and hence, the OEM segment holds the leading share of the market. Tow Bar are easily available and can be installed in the aftermarket and consequently, the aftermarket segment also holds a significant share of the tow bar market. Rising demand for vehicle accessories and advent of e-commerce have boosted the sales of tow bar.

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Asia Pacific to lead global tow bar market

• In terms of region, the global tow bar market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The market in Asia Pacific is expected to expand at a highest growth rate owing to rising domestic demand for vehicles for off-roading and touring purposes in the region. Rising consumer preference for SUVs and light-duty trucks is projected to boost the tow bar market in Asia Pacific.

Europe and North America together held a dominating share of the global tow bar market. High disposable income in these regions coupled with a high demand for eco-tourism, adventure, and use of caravans and motorhomes has resulted in high demand for tow bar in Europe and North America.

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Scissor Lifts Market By Business Growth, Development Factors, Applications, And Future Prospects

Remarkable growth in worldwide construction as well as infrastructural activities in foreseen to stimulate the demand avenues in the global scissor lifts market in the tenure of 2020 to 2030. Scissor lifts find major application in manufacturing, construction, and warehousing industries. These equipment are increasingly used for reaching to areas that are at high levels. Pneumatic, hydraulic, and mechanical are the three types of products available in the global scissor lifts market.

TMR’s upcoming research report on the global scissor lifts market provides complete study of this market. The insights offered in report offers deep analysis on challenges, drivers, restraints, and opportunities in this market. Besides, it represents dependable data on volume, shares, and revenues of key players working in the market for scissor lifts. Therefore, this report works as a valuable guide of the scissor lifts market for the tenure of 2020 to 2030.

The global scissor lifts market is segmented based on many key factors including product type, movement type, industry, and region. Based on movement type, fixed and mobile are the two models available in the market for scissor lifts.

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Global Scissor Lifts Market: Growth Dynamics

Scissor lifts are gaining traction across gamut of end-use industries owing to plethora of advantages they offer. One of the key advantages scissor lifts offer is the ease of operation. As a result, these lifts can be operated without extensive need of training to the workers. Apart from this, these lifts require very less space for storage owing to their compact size. These devices can be moved to different spaces easily. Owing to all these features, the manufacturers from the global scissor lifts market are gaining remarkable sales opportunities from the worldwide end-use industries.

In recent years, there is remarkable growth in construction activities owing to growing urban population in all worldwide locations. In addition to this, the government bodies of many countries from all across the world are increasing focus on the infrastructural development. These factors are growing demand avenues for vendors working in the global scissor lifts market.

Global Scissor Lifts Market: Notable Development and Competitive Analysis

The global scissor lifts market is fairly fragmented in nature. Presence of many global and local players connotes that the competitive landscape of the market for scissor lifts is extremely intense. Many enterprises in this market are allocating huge money in research activities. These moves are helping them to advance the serviceability, efficiency, and operability of their products. Apart from this, many vendors are launching advanced products, which fulfill the changing needs of end-use industries. These moves are helping industry leaders to boost their total sales number. All these activities are suggestive of the substantial growth of the global scissor lifts market.

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The list of key players in the global scissor lifts market includes:

• Advance Lifts, Inc.
• JLG Industries
• Terex Corporation
• Haulotte Group
• Aichi Corporation
• MEC Aerial Work Platforms
• Linamar Corporation

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Rail Wheel and Axle Market– Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2030

The rail wheel and axle market has made strides on the back of growing network of original equipment manufacturers in some parts of the world. Rise in production of locomotives in Mexico, China, Germany, and Russia. Expanding network of original equipment manufacturers is opening new avenues in the rail heel and axle market. The drive for the market rides on the back of growing railway networks, especially to connect rural areas. Major types of axles are hollow and solid. Key types of monoblock wheels, resilient wheels, rubber tyred wheels, and steel tyred wheels.

Key train types that the rail wheel and axle market serve are very high-speed trains, mainline trains, metro trains, freight trains, and special trains. Advances in high-speed vehicles has also led to strides in automotive. Over the years, advances made by science has led to new geometries of rail wheel and axle. Also, direct-to-consumer parts and services are gaining traction in the rail wheel and axle market.

Rail Wheel and Axle Market: Key Trends

The railway industry has seen OEMs rapidly adopting modern network technologies such as big data analytics. This has enabled OEMs to bolster their service offering, and is bellwether for growth for the rail wheel and axle market. Fast expanding network of railways in developing and less developed economies over the past few years is a key trend fueling the demand for products in the rail wheel and axle market.

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Focus on making the railway infrastructure more energy efficient has also boosted the rail wheel and axle market. Focus on governments in numerous emerging economies to set up smart cities and smart railway infrastructure has positively impacted the market’s expansion. Governments in the U.S. and China have poured large funds to expand the railway infrastructure.

Rail Wheel and Axle Market: Competitive Analysis and Key Developments

Top manufacturers in the rail wheel and axle market are opening new facilities that comply with Certified Quality Management Systems (QMS). Several of them are focusing on quality and safety issues. Most companies in the rail wheel and axle market are also leaning on expanding their production facilities to strategic places. A few rolling stock manufacturers in developed markets have gained competitive edge over others by offering rail wheels and axle components that are certified. Notable regulations are IRIS (International Railway Industry Standard), AAR (Association of American Railroads), RISAS (Railway Industry Supplier Approval Scheme), and ISO 9001.

They are also venturing to meet the needs of high-speed platforms for the railway and automotive sectors. Countries they consider next hotbed of opportunities are Germany, Italy, Russia, and the U.K.

A key trend players will be capitalizing on will be powering the rolling systems with solar panels. Such novel technologies are expected to gain ground in European nations.

Some of the promising players relentlessly expanding their product portfolio in the rail wheel and axle market are Bombardier Inc., VELTRUP Technik Philippines, Inc., Semco India (P) Ltd., United Metallurgical Company, Nippon Steel & Sumitomo Metal Corporation, Lucchini RS S.p.A., Kolowag AD, CRRC Sifang Co., Ltd., ArcelorMittal A.S., Bonatrans Group A.S., Amsted Rail Company, Inc., Bharat Forge Ltd., and CAF USA, Inc.

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Rail Wheel and Axle Market: Regional Assessment

Geographically, Asia and North America have been rapidly expanding opportunities in the rail wheel and axle wheel market. These regions have seen some of the most ambitious railway projects in recent years. Asian countries are putting a strong emphasis on connecting various parts with railway infrastructure. Moreover, the governments have also spent substantially to modernize rail cars, spurring the demand in these regional markets.  Europe is also a promising regional market.

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Smart Pillow Market – Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2027

 

• Smart pillows refer to pillows with some additional features such as shape adjustment and snoring control. People with sleeping disorders, heart disorders, diabetics etc. prefer these pillows. Technological development and product innovation is increasing the efficiency of smart pillows, which is expected to boost their demand in the coming years.
• Growing geriatric population and various sleep disorders are propelling the demand for smart pillows across the globe. Design of smart pillows is convenient and comfortable for older people and patients, which is also impacting their demand.

Key Drivers of the Global Smart Pillow Market

• Significant increase in sleep related problems and population of elderly people are propelling the demand for smart pillows. Additionally, increasing product efficiency due to advancement in these pillows such as new features (guided meditation and sleep mode) is boosting the overall market growth. Growing demand from hospitals and hotels (the commercial sector) is also expected to encourage the smart pillow market across the globe.
• Sleep related problems such as snoring is mostly associated with other health issues such as diabetes and obesity. Growing number of people with these issues is expected to be a major driving factor for the smart pillow market in the near future. Manufacturers involved in the production of smart pillows are also focusing on product innovation by increasing investment in R&D for product feature development and improvement in product efficiency. This is also anticipated to drive the market in the future.

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Smart Pillow Market Anticipated to Create Attractive Opportunities in Future

• Sleep deprivation may lead to depression, hormonal imbalance, weakened immunity, memory loss, obesity, irregular blood pressure, diabetes, and other chronic illnesses. Smart pillows have proven to be the best solution to prevent sleep related disorders. Increasing awareness regarding sleep disorders and growing preference for smart pillows is anticipated to create lucrative opportunities for smart pillow manufacturers in future.
• Smart pillows have several features such as different sleep modes, meditation guidance, and cooling technology which is also beneficial for travelers. This factor is expected to open up untapped markets for product vendors in the coming years.

High Cost of the Product Expected to Obstruct the Overall Smart Pillow Market

• Currently, high production cost is the major hindrance faced by smart pillow manufacturers.  Product cost and maintenance cost is high compared to regular pillows which is expected to affect the global smart pillow market during the forecast period. The high cost of the smart pillows makes it unaffordable for middle class consumers. This is anticipated to hinder the growth of the smart pillow market during the forecast period.

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North America and Europe anticipated to dominate the global smart pillow market

• North America, followed by Europe, dominates the smart pillow market. These regions are expected to maintain their dominance throughout the forecast period. Large number of people suffering from sleeping disorders is a major driving factor of regional market growth. Consumers prefer good quality, expensive pillows for comfortable and adequate sleep.
• The market in Asia Pacific is also expected to show significant growth rate in the coming years due to increasing disposable income and increasing preference for modern health care facilities.  Growing awareness about sleep related problems across developing countries in Asia Pacific and Middle East & Africa is the major driving factor of the smart pillow market in these regions.

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