Massive Growth in Radio Frequency Identification Market 2020-2027

The global radio frequency identification market is predicted to observe substantial growth in the timeframe of analysis due to rise in demand for the technology for various purposes. The demand for radio frequency identification technology is likely to be driven by the rising demand for monitoring, tracking, and locating human beings and objects for resource optimization, safety, and security. The entire world is making a shift toward internet of things (IoT), sensor networks, and real time location system (RTLS), the global radio frequency identification market is likely to witness considerable growth over the tenure of assessment,

The radio frequency identification systems are set up in the industry and comprise three important elements, which are middleware, readers, and tags. The tags are estimated to comprise leading chunk of the market and are estimated to witness major developmental activities. Both active and passive tags are gathering momentum due to rise in the use of these products in many applications in the last few years.

Application, product, and region are the three important parameters based on which the global radio frequency identification market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global radio frequency identification market.

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Global Radio Frequency Identification Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global radio frequency identification market is mentioned below:

• In January 2017, Zebra Technologies Company released Zebra Smart Sense RFID for use in the retail spaces in a bid to figure out and track the location of products, consumers, and associates in the stores in real-time.

Some of the prominent organizations in the global radio frequency identification market include the below-mentioned:

• Zebra Technologies Corporation
• RFID Global Solution, Inc
• NXP Semiconductors N.V
• Checkpoint Systems
• Applied Wireless
• Alien Technology

Global Radio Frequency Identification Market: Key Trends

The global radio frequency identification market is characterized by the presence of the following restraints, drivers, and opportunities.

Augmented Use of Tags in the Healthcare and Retail Sectors to Trigger Market Demand

The major trends that are predicted to assist in the growth of the global radio frequency identification market are near field communication (NFC), asset tracking and payments, real-time intelligence, supply chain management, and automation. The governments have mandated the use of RFID tags so as to keep a track of the several industry products, such as data centers, livestock, and defense products. This factor is likely to propel growth of the global radio frequency identification market in the years to come.

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Technological progress made in the ultra high frequency technology coupled with the convergence of radio frequency (RF) devices are predicted to play the role of a catalyst in driving demand for radio frequency identification technology in the near future. Besides, efficient use of memory, hybrid systems, and pre-printed tags are estimated to offer plethora of opportunities for the vendors in the market. This factor is predicted to shape the contours of global radio frequency identification market in the forthcoming years.

Global Radio Frequency Identification Market: Geographical Analysis

Driven by the extensive use of RF tags in healthcare as well as retail industries, North America is predicted to exhibit significant growth in the global radio frequency identification market in the years to come. Rise in the high volume shipments in the region, particularly in the US, in the last few years is expected to play a major role behind the growth of the market in the region.

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Comprehensive Report on Rotary Cultivator Market 2020 | Size, Demand, Opportunities & Forecast To 2027

 

• A rotary cultivator is a basic agricultural equipment used for breaking up and tilling the soil before cultivation of crops by mounting it on a tractor. It consists of a series of blades mounted on a revolving power-driven shaft.
• The rotary cultivator is also used to remove unwanted weeds, and aerate and loosen the soil after the cultivation of crops. These are highly efficient machinery used by farmers integrated with sophisticated and advance technologies.
• The rotary cultivator is also suitable for interculture farming operations by adjusting the distance between the tines as per crop requirement. This is useful for cultivating multiple crops.
• Rising dependence on advanced agriculture machinery by farmers all over the globe has influenced the growth of rotary cultivators; this is likely to drive the growth of the rotary cultivator market during the forecast period.

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Rising Dependency on Rotary Cultivators

• The agriculture sector across the globe prefers high capacity, cost effective equipment with advanced technology, which is expected to drive demand for rotary cultivators. In addition, rise in government initiatives to promote modern agricultural practices is likely to drive the rotary cultivator market. Rising labor cost along with more time and effort required in conventional farming is likely to lead to switch toward modern farming across the globe by using innovative agriculture machinery. This is influencing the growth of the rotary cultivator market across the globe.

Rapid growth in the agriculture sector

• Agriculture is the most vital sector in emerging countries, as it plays a strategic role in the process of economic development. This is promoting new technologies and encouraging agricultural research by governments. Rising demand for agricultural goods across the globe has prompted regional bodies to opt for reliable agriculture machinery. The rotary cultivator is considered the basic implement by farmers to perform agriculture operations. Rapid growth in the use of tractors is likely to drive demand for rotary cultivators.

Asia Pacific a Potential Market for Rotary Cultivators

• The global rotary cultivator market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)

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• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the rotary cultivator market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the rotary cultivator market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The rotary cultivator market in South America is segmented into Brazil and Rest of South America.
• Asia Pacific is expected to remain a potential market for rotary cultivators owing to rapid growth in demand for agricultural machinery across the region.

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Plastic Bags & Sacks Market Key Drivers & Growth Trends, Global Industry Size, Share, Trends, Top Companies, Regional Statistics By 2026

Transparency Market Research delivers key insights on the plastic bags & sacks market in its published report, titled “Global Plastic Bags & Sacks Market: Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global plastic bags & sacks market is estimated to expand at a CAGR of 3.0% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

Plastic bags & sacks are containers made of thin, flexible, plastic film. The plastic bags & sacks can be made up from biodegradable or non-biodegradable materials. The plastic bags & sacks are commonly used in the retail stores or supermarkets for packaging of products. The plastic bags & sacks find its application in retail & consumer, institutional services and other industrial applications. The plastic bags & sacks are also used as garbage bags or trash bags.

The global market for plastic bags & sacks is segmented by material type, product type and application.

In the global plastic bags & sacks market, retail and consumer application segment of plastic bags & sacks is estimated to be highly attractive in terms of CAGR, market share and incremental opportunity. Europe and Asia Pacific plastic bags & sacks geographic markets together are estimated to account for more than half of market share throughout the forecast period. In the global plastic bags & sacks market by product type, rubble segment is expected to grow at a higher pace as compared to other segments during the forecast period.

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This report assesses trends driving the growth of each segment of plastic bags & sacks market on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the plastic bags & sacks market.

The North America plastic bags & sacks market includes country level analysis for the U.S. and Canada. The U.S. plastic bags & sacks market is expected to expand at a CAGR of 2.2% during the forecast period. Retail & consumer segment is estimated to account for the largest market share by application type in the region. The Latin America plastic bags & sacks market include country-level analysis for Brazil, Mexico, Argentina and rest of Latin America. The Brazil plastic bags & sacks market is anticipated to expand at the highest pace during the forecast period in the Latin America region.

The Europe plastic bags & sacks market include country-level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland and Rest of Europe. Germany accounts for the highest market share in the Europe plastic bags & sacks market. The Asia Pacific (APAC) plastic bags & sacks market includes country-level analysis for China, India, ASEAN, Japan, Australia & New Zealand and Rest of APAC. The Asia Pacific plastic bags & sacks market represent most lucrative geographic region wherein China represent substantial incremental opportunity during the forecast period.

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The Asia Pacific plastic bags & sacks market is expected to expand at the highest pace during the forecast period among all the geographic segments. The Middle East and Africa (MEA) plastic bags & sacks market includes country-level analysis for GCC, South Africa, North Africa and Rest of MEA. GCC countries accounts for the highest market share in the Middle East & Africa plastic bags & sacks market.

In this report, we have discussed individual strategies followed by manufacturer of plastic bags & sacks in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide plastic bags & sacks report audiences with a dashboard view and company share collectively.

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Cosmetic Packaging Market Growth And Segment Forecast 2020-2026

According to the latest market report published by Transparency Market Research titled “Cosmetic Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.”

The global cosmetic packaging market has witnessed extraordinary growth during the past few years, owing to high graphics printing, chic design, extended shelf-life, enhanced shelf-appeal and sustainability features, which are expected to boost the demand for cosmetic packaging market during the forecast period. Global cosmetic packaging market is segmented by material, application, container, capacity, and by region.

The hair care segment is anticipated to expand at the highest CAGR of 5.2% during the forecast period. The skin care application segment is expected to dominate the overall market throughout the forecast period by value and volume. The recent trends in the global cosmetic packaging market show that the prices are steadily falling due to the rising competition between market players. This has led to the increasing penetration and rise in per capita consumption of cosmetics worldwide, especially in APAC and Latin America.

Rising beauty & health awareness has led to an increase in skin care and hair care product sales. Growing cross-border sales and penetration of e-Commerce and internet in rural & semi-urban areas of APAC, Latin America, and Africa regions is also driving the cosmetic packaging market. Packaging is considered to be a silent salesman. Global cosmetic packaging manufacturers are using packaging as a product differentiation strategy to win the market and stand out among the competition. Packaging helps to drive impulse buying and enhances shelf-appeal and consumer satisfaction.

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The rising consumer demand for multifunctional applications and organic cosmetics is the major consumption trend observed in the cosmetic packaging market. Rising health care awareness and negative consumer perception towards the harmful effects of chemical-based cosmetic packaging are influencing the consumer demand for organic cosmetics. Organic cosmetics need extra protection to extend their shelf life. Advances in printing technology are helping packaging manufacturers to design and develop high graphic-printed cosmetic packaging products.

The global cosmetic packaging market has been segmented into five regions, i.e. North America, Latin America, Europe, Asia Pacific region (APAC), and Middle East & Africa (MEA). APAC dominates the cosmetic packaging market globally in terms of production & consumption. APAC is also home to a large number of global cosmetic packaging companies. The aforementioned factors have made APAC a dominating cosmetic packaging market worldwide. China and Japan highly contribute to the APAC cosmetic packaging market. The European cosmetic packaging market is anticipated to expand at a lucrative CAGR of 4.3% during 2018-2026. Germany & France are the major contributors in the European cosmetic packaging market. Growth in Eastern Europe is anticipated to drive the overall European cosmetic packaging market over the forecast period.

The paper segment is estimated to be the fastest growing material segment during the forecast period due to the rising intolerance towards plastic. Paper provides easy printability and ensures sustainability. Glass & metal are anticipated to maintain their considerable and steady market share in cosmetic packaging throughout the forecast period. The less than 50 ml segment is expected to dominate the overall market by capacity type. This is due to its affordability and ease in handling. Middle-class population in APAC and Latin America buys less, but more often. This trend is influencing the demand for small-size packs. The rising number of nuclear families and adoption of on-the-go lifestyle is also driving the demand for small size cosmetic packaging.

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The market players profiled in the cosmetic packaging market include – Aptar Group, Inc, RPC Group Plc, Gerresheimer AG, Amcor Limited, Libo Cosmetics Company, Ltd., Quadpack Industries, HCP Packaging, Fusion Packaging, ABC Packaging Ltd., Swallowfield Plc, Saverglass sas, Essel Propack Ltd, Albea S.A., Quadpack Ltd, Coverpla S.A., The Packaging Company, Smurfit Kappa Group PLC, Alovey Cosmetic Packaging Co., Ltd, HCT Group, and Rise Cosmetic Packaging Co., Ltd.

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Healthcare Packaging Market Share to Witness Uptrend with Robust Sales Volume

The healthcare packaging market is expected to witness robust growth during 2019-2027. The market is expected to garner 5% CAGR over the forecast period and reach a total evaluation of $137 bn by 2027 end.

Rising demand for healthcare packaging, thanks to growing concerns of hygiene in the healthcare sector are expected to propel growth of the healthcare packaging market. The widespread use of disposable plastics, and its essential place in sterilization are expected to continue as a boon for the healthcare packaging market in the near future.

Major Trends in the Healthcare Packaging Market

• Technology is bringing a disruption to many industries and the healthcare packaging is not an exception. The growth of e-commerce has made cross-nation trade a virtual reality for small players in the market as well. This is expected to bring pressures on costs in the packaging industry. Additionally, technological innovations in packaging like new materials, advancements on the horizon like 3D printing, and sustained upshifts in investments are expected to emerge as main drivers for growth in the healthcare packaging market.
• The growth of e-commerce has also lead to the adoption of doorstep deliver to consumers. This is expected to emerge as a major segment in the healthcare packaging market. Major pharmacies like Walgreens are investing large sums to ensure that doorstep delivery option is available to all their customers. This is not surprising as in countries like the US, busy lifestyles force people to make purchases ahead of time and require pick-up services on a regular basis. Hence, the doorstep delivery, and subsequent rise to packaged pharmaceutical goods are expected to augment strong growth in the healthcare packaging market in the near future.

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• E-commerce has also been a boon for industries that have never existed before like the sexual health industry. Earlier, barriers of traditions, lack of awareness, and access prevented people from availing information about sexual health. With the growth of e-commerce, this industry has taken a strong foothold and promises robust returns for the healthcare packaging market. The sensitive, and on-demand nature of packaging is likely to promise strong returns for players in the healthcare packaging market in the near future.
• Customized packaging and safety concerns are also expected to drive significant growth for the healthcare packaging market in the near future. The healthcare sector has traditionally opted for safe and reliable packaging products like disposable plastics for storing syringes in large supplies. Additionally, growth of pre-filled syringes, new material advances, and customizable packaging options due to advent of 3D printing are likely to spur growth for the healthcare packaging market in the near future.

Regional Landscape

Many pharmaceutical companies globally are investing large sums of money in research and development. The rise of chronic illnesses around the world, the streamlining of approvals, and expansion strategies in new regions are expected to propel the healthcare packaging market. It is estimated that the North America region presents 90% of the total revenues in the healthcare packaging market. Additionally, the market in the region is witnessing child-resistant and anti-counterfeiting products which are expected to reassure consumers and propel growth.

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Major acquisitions in the region like Bemis Company Inc are expected to increase the competition in the region along as technology continues to improve products and create new opportunities like smart packaging. The Europe region is also expected to witness significant demand in the near future as entry of large packaging players in Poland is expected to augment strong growth in the regional market. Additionally, growth in biologics to counter bans on single-use plastics, and rise in demand eco-friendly packaging are expected to drive growth of the healthcare packaging market in the near future.

This analysis of the global healthcare packaging market is based on a recent market research report by Transparency Market Research, titled “Healthcare Packaging Market (Packaging Format: Flexible Packaging (Bags & Pouches, Envelopes, Tubes, Sachets), Rigid Packaging (Trays, Boxes & Folding Cartons, Clamshells, Blisters, Bottles & Jars, Containers, Aerosol Cans, Ampoules & Vials); Material: Plastic (Polyethylene, Polypropylene (PP), Polyethylene Terephthalate (PET), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyamide/EVOH, Polyurethanes (PUR), Other Plastics), Metal (Aluminum, Tin), Glass, Paper & Paperboard; End Use: Pharmaceuticals & Biological, Medical Supplies (Gloves, Scissors, Syringes and Needles, Surgical Tapes, Others), Medical Equipment (Surgical, Therapeutic, Diagnostic)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.

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Fresh Meat Packaging Market Analysis, Share, Growth, Opportunities and Forecast To 2027

Transparency Market Research delivers key insights on the fresh meat 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 fresh meat packaging market is projected to expand at a CAGR of 4.5% during the forecast period, due to several factors, about which, TMR offers detailed insights and forecast in this report.

Meat, being a perishable product, gets easily damaged when left uncovered and unprocessed in ambient temperature. As cured meats degrade in the presence of oxygen, it is important to adopt a packaging system to offer consumers with healthy and safe food.

The need for sustainable packaging that can hinder microbial growth and prevent contamination leads to the introduction of fresh meat packaging. Fresh meat packaging extends the shelf life of fresh meat, keeping it fresh for a long duration. Innovations in the preservation process by manufacturers continue to search for a packaging solution that can extend the shelf-life of meat products as well as be safe and eco-friendly.

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Asia Pacific Excluding Japan (APEJ) to Witness Growth Opportunities for Fresh Meat Packaging Manufacturers

Asia Pacific excluding Japan, in terms of fresh meat packaging, covers more than 20% of the global fresh meat packaging market, and is anticipated to maintain its prominence over the forecast period. India & China are the most attractive markets for the extensive growth of the fresh meat packaging market. The markets in China and India, collectively accounted for ~60% of the APEJ fresh meat packaging market in 2018. Increased consumer convenience is the major trend for fresh meat packaging in the Asia Pacific region. A packaging that can avert the spoiling of fresh meat for a longer duration, providing safety to consumer, drives the fresh meat packaging market.

North America dominates the global fresh meat packaging market with an expected market share of ~30% over the forecast period. Western Europe is expected to have a decent share of ~18% in 2019. The U.S. represents ~90% of the fresh meat packaging market in North America, while Canada is estimated to expand at an impressive CAGR of 4.5% during the forecast period.

In spite of being a matured market, Western Europe is expected to represent an incremental opportunity of ~US$ 110 Mn by 2027. The Western Europe region holds ~one-sixth of the global fresh meat packaging market share. However, it is expected to experience less growth as compared to the market in APEJ over the forecast period.

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Global Fresh Meat Packaging Market: Competition Landscape

In the global market report on fresh meat packaging, a detailed competition landscape is discussed. Some of the key players in the global fresh meat packaging market that are included in the report are Amcor plc, Berry Global Inc., Winpak Ltd., Sealed Air Corp., Coveris Holdings S.A., Bolloré Group, Mondi Group, Tetra Pak International S.A., Cascades Inc., Smurfit Kappa Group plc, Amerplast Ltd., and Faerch Plast A/S. As per TMR analysis, Amcor plc, Winpak Ltd., Sealed Air Corp, and Berry Global Inc. are the market leaders, with a combined market share of 15-20% of the global fresh meat packaging market.

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Rigid Packaging Market to Reflect Significant Growth Pace by 2024

According to the new research report by Transparency Market Research on the global rigid packaging market predicts the global market with show a moderate CAGR of 3.20% for the coming years of the forecast period ranging from 2016 to 2024. Even with this rate of growth, the global market will touch the mark of US$755.9 bn in valuation by the fall of 2024. Initially, the market valuation was US$589 bn recorded back in 2016.

The demand in the global rigid packaging market has been increasing in past few years. One of the important factors behind this increasing demand is because of the advancements in sector of consumer goods manufacturing. In general, rigid packaging is used for packaging breakable products for a broad range of applications. The players operating in the global rigid packaging market have been striving hard to spread out their portfolios and expand their consumer base.

These leading players in the market are now moving on from direct marketing tactics to inbound marketing and lead strategies to get new customers. It is projected that these prominent players in the global rigid packaging market will mainly benefit by forming strategic partnerships with the packaging bases of several industries. It is also estimated that the new takeovers and mergers will soon become a norm in the global rigid packaging market.

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There are different types of rigid packaging materials that are available in the global market. Most common type of these packaging materials are in the form of cans and containers.

These cans and containers are deployed for transporting and storing a wide range of products such as liquids, lotions, oils, beverages, and food among others. Due to the growing demand of these products across the globe, it is expected to have a highly positive impact on the overall development of the global rigid packaging market.

Mergers and Takeovers to Present Business Opportunities for Market Players

The global rigid packaging market has been growing in recent years. There are expected to be several opportunities of growth for the development of old as well as new companies. Rigid packaging has its applications across a broad range of industries. This provides the companies operating in the global market to enter into different domains and sectors.

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Moreover, the chances of forming strategic partnerships and alliances are also quite high. This provides the smaller companies in the global market to enter into the big fray. Some of the leading companies in the global rigid packaging market include names such as Georgia-Pacific LLC, Reynolds Holdings Ltd., Berry Plastic Group Inc., Resilux NV Inc., and Sealed Air Corp among others.

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