Composite Packaging Market Overview, Trend Analytics and Forecast to 2030

Composite Packaging material is composed of hybrid material for packaging which provides multiple properties or combined properties to the packaging material. Since the rise in e-commerce and retail industries, many products require effective packaging such as strength, protection, durability, ease in handling and transportation and this kind of properties are provided by Composite Packaging and therefore, the market is expected to flourish during the forecast period. There are many features of using Composite Packaging such as strength to weight ratio, increase in the shelf life of the products and barrier properties to protect the product from damage and degradation.

As many end-use industries are on the rise such as Personal care, Pharmaceutical, Healthcare, and Cosmetics, it is anticipated that the future of the Composite Packaging market is prominent and the market will grow substantially in terms of value as well as volume during the forecast period. Over recent years, the horizon of consumers is shifted to online shopping which also expected to create a lucrative market for Composite Packaging.

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Composite Packaging Market: Dynamics

The factors which drive the Composite Packaging market are change in lifestyle, increase in demand for premium consumer products, a rise in e-commerce & retail business and an increase in transportation and logistics business.

The factors which restrain the Composite Packaging market are fluctuation in the cost of raw materials and various laws & regulations of government and the World Health Organization (WHO) on the usage of materials.

On a global scale, North America is the largest share contributor in the Composite Packaging market in terms of both value as well as volume and expected to remain dominating during the forecast period due to enhancement in retail and e-commerce business over recent years. Europe is the second-largest share contributor in the Composite Packaging market and expected to have a gradual growth rate during the forecast period since the concern over the sustainability has increased among the people of this particular region over recent years.

Asia-Pacific region especially China, Japan, and India are expected to have the highest growth rate during the forecast period due to an increase in demand for food and beverage products, improvement in lifestyle of middle-class members, increase in disposable income and consumer’s expenditure capacity. Latin America, Middle East & Africa and Oceania are the regions which are expected to have a moderate growth rate in Composite Packaging market during the forecast period due to emerging economies, key players from North America and Europe are expanding their market by investing in such regions and increase in investment capacity of the regional players of this particular region.

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Composite Packaging Market: Key Players

Some of the key players in the Composite Packaging market are Amcor Limited, DS Smith Plc., Mondi Plc., Smurfit Kappa Group, Sonoco Products Company, Crown Holdings, Sealed Air Corporation, Universal Packaging Ltd, Najmi Industries, Universal Packaging, and SOTA Packaging Pty Ltd.

Composite Packaging Market: Impact of COVID-19

As the outbreak of COVID-19 pandemic has severely damaged many developed countries since the death ratio is increasing in many countries day by day, it is expected that the Composite Packaging market will experience minima in its growth curve during this outbreak. In almost all the countries, the lockdown has imposed which has stopped the production of many products and it is expected that the lockdown will be employed by all the countries all over the world again for few weeks or months which is in turn expected to haphazardly affect the market of Composite Packaging during this period. The Composite Packaging market will increase gradually during the forecast period as the world regain normalcy over the COVID-19 pandemic but the market might show the differs according to the situation in future over the world.

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Quantum Key Distribution (QKD) Market Trend | COVID – 19 Outbreak, Growth and Forecast to 2027

Quantum key distribution (QKD) is an encryption technology used for communication, which implements a cryptographic protocol including components of quantum mechanics. QKD allows two parties to generate a shared secret key, which only the two communicating parties know, and can later be used to encrypt and decrypt messages. This leads to unbreakable data transmission. QKD was experimental and essentially for military or government use.  However, as per the recent studies in the field of quantum mechanics, the quantum key distribution (QKD) market is expected to expand from government sponsored projects and financial institutions to large data centers.

The ability of two users who are communicating to discover the existence of a third party (if any) trying to get information of the key, is one of the most essential and exclusive properties of quantum key distribution. This is made possible through a fundamental characteristic of quantum mechanics, i.e. the process of evaluating a quantum system, disrupts the entire system. Thus introducing detectable irregularities when a third party tries to interfere on the key.

The global quantum key distribution (QKD) market can be classified based on product type, service type, enterprise size, end-use industry, and region. In terms of product type, the market can be segmented into standard multilayer, rigid 1-2 sided, IC substrate, flexible circuits, and rigid flex. Based on service type, the global quantum key distribution (QKD) market can be bifurcated into professional services and managed services. The professional services segment of the market can sub-segmented into consulting, integration & implementation, and support services. In terms of enterprise size, the quantum key distribution (QKD) market can be divided into small, medium, and large.

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The enterprise size has been categorized base on the strength of employees in an enterprise; for instance, enterprises with less than 250 employees are classified as small enterprises, enterprises with an employee strength between 250 and 500 are in medium enterprises, and enterprises with more than 500 employees are termed as large enterprises in the quantum key distribution (QKD) market. In terms of end-use industry, the market can be classified into government & defense; IT & telecommunication; banking, financial services & insurance (BFSI); and others.

Based on region, the global quantum key distribution (QKD) market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to be the major contributor to the revenue of global quantum key distribution (QKD) market in 2019. Rise in the number of cyber-attacks in North America is a key factor driving the market. These attacks are growing and becoming more sophisticated owing to the high adoption of encryption-based applications in North America.

Additionally, growing complexity in IT management and rising need for security and data privacy is an important factor driving the global quantum key distribution (QKD) market in the region. Countries such as Canada and the U.S., are generating significant revenue in the QKD market. Organizations in this region are focusing on securing their networks and applications by using various QKD. Other drivers boosting the demand for QKD include evolution of next-generation wireless networks and increase in research & development investments.

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Key players operating in the global quantum key distribution (QKD) market include ID Quantique SA, SeQureNet, QuintessenceLabs Pty. Ltd., MagiQ Technologies, Inc., Toshiba Research Europe Ltd., QuantumCTek Co., Ltd., and Anhui Qasky Quantum Technology Co. Ltd. These players are spending significantly on research & development activities to adopt new and advanced technologies in their solutions and develop or enhance their existing offerings accordingly. Major players in the global quantum key distribution (QKD) market are engaging in strategic alliances with other players to expand their geographical presence, product & service base and gain market share in diverse geographical locations worldwide.

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Foot Care Products Market Growth, COVID-19 Analysis, Forecast, Industry Analysis and Forecast 2020-2025

From blisters to ingrown toenails to arthritis, injured feet present a public health concern. The American Academy of Orthopaedic Surgeons (AAOS) reports that approximately 43.1 million residents in the U.S. suffer from foot problems, which nearly equals to 1 in every 6 people. Foot care products include all products involved in the preventive and remedial care of ankle and foot. Every human being walks about 115,000 miles during his average lifetime, and 30% of people face foot problems at some point in their lives. The problems could be due to ill-fitting shoes, result of injury, general wear or tear, or may result from disease complications. Foot care products are vital for avoiding and sustaining proper foot health. Patients suffering from circulatory diseases or diabetes mellitus are 20 times more likely to have foot problems. Problems with feet include planter warts, nerve disorder, foot pain, fungal infections, joint inflammation, torn ligaments, tissue injuries, broken bones, and bacterial infections.

The global foot care products market has maintained a constant growth rate from many years. There is an increasing requirement for foot maintenance products which can help to maintain better esthetics and hygiene. Fast changing lifestyle and changing fashion have increased the skin exposure of feet, thus leading to growing demands for foot care products. Foot care products have gained more popularity among women due to increasing trend of open-toe sandals and shoes.

Nowadays, consumers are searching for foot repair ointments, cleansing lotions, creams, and sloughing scrub which can show immediate results. Aging baby boomers, increase in the number of diabetic patients, and infections due to bacteria are the major factors which are driving the growth of the global foot care products market. Additionally, the rise in consciousness, personal hygiene & fashion trends are some of the trends followed in society. For example, pedicure is increasingly adopted by people. Many of the foot care tools, devices, gels, creams, and medicines are used by pedicure centers, podiatry professionals, and diagnostic centers.

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Conversely, factors such as weak distribution channels and less penetration of foot care products and tools might hamper the sales of foot care products, restricting the growth of the market during the forecast period. Countries with less disposable income and personal care spending, for example African countries, are anticipated to contribute less to growth of the global foot care products market.

The global foot care products market is segmented by product, condition, end-user, and region. In terms of product, the global foot care products market is segmented into antifungal treatment products, athlete’s foot treatments, blister treatments, foot bandages and toe separators, and others such as foot care, odor control, and pain management. Based on condition, the market is segmented into athlete’s foot, heel pain, calluses and corns, diabetic foot, and others. In terms of end-user, the market is classified as hospitals, private clinics, ambulatory surgical centers, academic and research institutes, and others.

Geographically, the global foot care products market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global market for foot care products. North America and Europe account for major shares of the global market. Consumers’ curiosity in foot care products that cleanse, exfoliate, moisturize, and provide cosmetic treatment has propelled many suppliers to provide new and innovative beauty-related foot care products. In the U.S., medications and devices constitute a major share of the market and are the fastest growing segments of the market for foot care products.

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Major players operating in the global foot care products market include Johnson & Johnson, Merck & Co, Inc., Del Laboratories, HoMedics, Inc., PediFix, Inc., Dr Foot, Alva-Amco Pharmacal, Inc., Revlon, Inc., Aetrex Worldwide, Inc., Novartis Consumer Health, and Miracle of Aloe.

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Multi-domain Controller Market Analysis, Growth, Forecast, Predicted to Accelerate by 2020-2026

Transparency Market Research has released a new market report titled “Automotive Multi-domain Controller Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global automotive multi-domain controller market is anticipated to expand at a CAGR of about 74% during the forecast period. 

Automotive multi-domain controller are high-speed computing equipment that let the vehicle’s motorized system to process bulk data for automated driving. Automated multi-domain controller curtails the space, power consumption, and complexity of the electronic and electronic architecture by means of replacing numerous integrated electronic control units. It is considered as an alternate solution to the prevalent approach of tallying a dedicated electronic control unit for each and every new function, feature, and operation within the vehicle.

Key transformation taking place in automotive electronic and electrical engineering, which impacts the electrical and electronic network architecture, is likely to affect performance, cyber security, and connectivity of the automotive, which is a key concern in the automotive industry. This transformation constitutes the amalgamation of multiple function-specific electronic control modules or units into a dedicated domain-based controller. This is a prime factor that is anticipated to drive the automotive multi-domain controller market during the forecast period.

Furthermore, the advent of autonomous vehicle coupled with increasing number of connected cars and electronic components per vehicle, and fortification of mandates by governing and monitoring bodies for vehicle comfort, security, and safety are projected to boost the automotive multi-domain controller market during the forecast period. However, security of the automotive multi-domain controller supplemented with malfunction of the equipment is likely to hamper the automotive multi-domain control market in the near future, as one single mega electronic control unit leaves the automobile more vulnerable to cyber-attack as compared to other multiple electronic control units. This is likely to restrain the market during the forecast period.

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In terms of vehicle type, the passenger vehicle segment dominates the automotive multi-domain controller market. Increase in demand for vehicle electrification in passenger vehicles coupled with rising complexity and intricacy of electrical and electronic architecture in these vehicles due to increasing number electronic control units have fostered the development of automotive multi-domain controller for the passenger vehicle segment. The segment is projected to expand at a significant CAGR of about 72% during the forecast period.

In terms of propulsion type, the hybrid vehicle is a rapidly expanding segment of the automotive multi-domain controller market. The segment is projected to expand at a CAGR of 79.72 % during the forecast period. This is majorly attributed to severe rules and regulations imposed to curb carbon emission by governing bodies and preference for environment-friendly vehicles. Moreover, incentives and tax credit offered on purchase of these vehicle has resulted in higher adoption of hybrid electric vehicles. This, in turn is expected to boost the automotive multi-domain controller market significantly during the forecast period.

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In terms of region, Europe leads the global automotive multi-domain controller market. Europe is projected to hold for around 44% share of the global market by the end of the forecast period. This is primarily due to the presence of prominent auto manufacturers and original equipment manufacturers in the region who continuously cater the automotive industry with improved and efficient solutions. Consistent developments in technology supplemented with a higher rate of adoption and availability of electronic components are boosting the automotive multi-domain controller market in Europe.

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Automotive Chassis System Market To 2027 –Global Market Size, Development Status, Top Manufacturers, And Forecasts

Transparency Market Research has published a new report titled, “Global Automotive Chassis Systems Market (Component: Suspension ball joints, Cross-axis joints, Tie-rods, Stabilizer links, Control arms, Knuckles and hubs; Chassis system: Front axle, Rear axle, Corner axle, and Active Kinetic control; Vehicle type: Passenger vehicle, light commercial vehicle, heavy commercial vehicle, Off Road Vehicle, Construction equipment vehicle, Farm Vehicles- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global Automotive Chassis systems market is projected to surpass US$ 95 Bn by 2027, expanding at a CAGR of above 3 % during the forecast period.

Global Automotive Chassis Systems Market:

• According to the report, the global Automotive Chassis systems market is expected to expand at a CAGR of 3%, with rise in global production of vehicle
• Revival of economy with rapid industrialization in emerging economies of Asia Pacific and Rest of the World is anticipated to drive the automotive chassis system market during the forecast period

Expansion of Global Automotive Chassis Systems Market

• There has been an increase in construction activities in the developing countries of Asia Pacific and RoW. These construction activities depend highly on construction equipment vehicles. HCVs, and LCVs are also required for the transportation of raw materials from one point to another. Thus, these manufacturers of construction equipment vehicles need to constantly design the chassis system to suit the needs of construction activities in that particular area. This would fuel the demand for automotive chassis systems, thereby driving the market in the near future.

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• Manufacturers of automotive chassis systems are investing significantly in research and development for innovation of the latest composite components. This would help in the manufacture of automotive chassis systems that are lighter and stronger. Latest innovative features such as automotive chassis sensors for the detection of any kind of malfunctioning of any of the components used in the automotive chassis system market are driving the market
• By vehicle type, the automotive chassis system market has been segmented into passenger cars, LCVs, HCVs, off-road vehicles, construction equipment vehicles, defense vehicles, and farm tractors. The passenger cars segment held the largest share of the automotive chassis system market in terms of revenue in 2018. Off-road vehicles such as dirt bikes and ATVs are popular among adventure lovers in North America and Europe. Furthermore, several sports activities are organized globally. This boosts the demand for off-road vehicles. LCV was the third largest segment of the automotive chassis system market, as these are the most preferred type of vehicles used for commercial purposes

Regional Analysis of Global Automotive Chassis Systems Market:

• In terms of region, the global Automotive Chassis systems market has been segregated into North America, Europe, Asia Pacific, and Rest of World.  During 2018, Asia Pacific held the leading share of the global market followed by Europe and North America. Rising domestic demand of vehicles in China & India has boosted the automotive chassis system market in Asia Pacific region.

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• Prominent players operating in the global Automotive Chassis systems market include American Axle & Manufacturing, Benteler International AG, Continental AG, Robert Bosch GmbH, and ZF Friedrichshafen AG.

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COVID-19 Impact On Connected Car Device Market Trends, Global Opportunity Analysis, Industry Growth, Forecasts To 2026

Transparency Market Research has published a new report titled, “Connected Car Device Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global connected car device market is anticipated to surpass US$ 20 Bn by 2026, expanding at a CAGR of more than 11% during the forecast period.

Demand for vehicle connectivity driven by consumers, government, insurance companies, and auto manufactures is expected to rise at a steady pace during the forecast period. Connectivity services such as navigation, infotainment, entertainment, usage-based insurance, and security are witnessing high demand promoting the use of connected car devices.

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In terms of sales, the demand for retrofit solutions, i.e., the OBD dongle, is expected to rise till 2023. Retrofit connecting devices can be utilized by all vehicles registered after 1996, as they contain an OBD port. Retrofit devices have independent hardware and software and hence, are highly cost-effective as compared to built-in devices. Automakers are investing significantly to build proprietary built-in solutions for car connectivity.

Strong emphasis by governments of countries in Europe and the Government of Brazil to mandate embedded telematics in cars is estimated to boost the built-in segment of the connected car device market. Sales of retrofit connecting devices are expected to suffer post 2021, as a majority of new vehicles are likely to contain built-in connected devices. Increasing importance of smartphones and apps is expected to drive the smartphone sub-segment of the built-in segment of the connected car device market during the forecast period.

Based on region, the global automotive connected car device market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe held a prominent share of the market, in terms of volume, in 2017. However, Asia Pacific is expected to lead the global market by 2026, owing to the rise in demand for connectivity in China and India. China also is a major supplier of retrofit connected car devices, globally, due to low cost of the hardware in the country.

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Key players operating in the global connected car device market include Delphi Connect, DENSO Corporation, Robert Bosch GmbH, Preh GmbH, Harman International, Infineon Technologies AG, Hella GmbH & Co. KGaA, Valeo SA, NXP Semiconductors, AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, u-blox AG, and Continental AG.

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Travel and Tourism Market 2020 Design Competition Strategies, Regional Trends and Opportunity Assessment by 2027

According to a new market report published by Transparency Market Research titled ‘Travel & Tourism Spending Market ((Travel Days – Within 7 Days, 7-15 Days, and More than 15 Days); (Travel Type – Leisure Spending and Business Spending); (Application – Domestic Spending and International Spending)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, the global travel & tourism market is expected to reach US$ 13,556.4 Bn by 2027, expanding at a CAGR of 5.2% from 2019 to 2027. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

The travel & tourism market in North America is a mature and organized market and the second largest in the world. According to the UN World Tourism Organization (UNWTO) Report 2018, the number of international tourist arrivals in North America (including Caribbean and Central America) increased from 97.1 million in 1995 to 174.0 million in 2017, holding a market share of 13.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 3.7%.

The U.S. is the largest travel and tourism market in North America. The U.S. travel & tourism market is the largest and most organized and mature market in North America. As per the UNWTO Report 2018, the number of international tourist arrivals in the U.S. increased from 60,010 in 2010 to 76,941 in 2017, holding a market share of 36.5% in 2017 of international tourist arrivals in the whole of the Americas.

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The travel & tourism market in Europe is the third largest in the world and is also a mature and organized market. As per the UNWTO Report 2018, the number of international tourist arrivals in Europe increased from 308.5 million in 1995 to 671.7 million in 2017, holding a market share of 51.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 3.3%. In the Europe travel & tourism market, Germany, the U.K., and France are the top three travel and tourism markets. Germany is the largest travel and tourism market in Europe, followed by the U.K. and France.

Asia Pacific is the largest travel & tourism market in the world and is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in Asia Pacific has increased from 82.0 million in 1995 to 323.1 million in 2017, holding a market share of 24.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.4%. In the Asia Pacific travel & tourism market, China, Japan, and India are the top three travel and tourism markets. China is the largest travel and tourism market in Asia Pacific followed by Japan and India.

Middle East & Africa (MEA) is a growing travel & tourism market. As per the UNWTO Report 2018, the number of international tourist arrivals in MEA has increased from 31.4 million in 1995 to 120.8 million in 2017, holding a market share of 9.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 4.9%.In the MEA travel & tourism market, GCC and South Africa are the top two travel and tourism markets.

The South America travel & tourism market is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in South America increased from 11.7 million in 1995 to 36.7 million in 2017, holding a market share of 3.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.0%. Brazil is the largest travel and tourism market in South America.

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The study provides a conclusive view of the global travel & tourism market by segmenting it in terms of travel days, travel type, and application. In terms of travel days, the global travel & tourism market has been classified into within 7 days, 7-15 days, and more than 15 days. In terms of travel type, the market has been segmented into leisure spending and business spending. In terms of application, the market is segmented into domestic spending and international spending.

The report highlights major companies operating in the global travel & tourism market including TUI Group, Hilton Worldwide Holdings Inc., Carnival Corporation & plc, Airbnb, Inc., Crown Resorts Ltd., Accor plc, Balkan Holidays Ltd., G Adventures, Adris Grupa d.d., and OYO Rooms.

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