Automated Optical Metrology Market by Manufacturers, Regions, Type, Applications 2021

KLA Tencor Corporation, ASML Holding N.V., and Steinbichler Optotechnik GmbH, the three top providers of automated optical metrology services, collectively held a share of 39.4% of the market value in 2014, states Transparency Market Research (TMR) in a new report.

The key competitive strategy employed by most top players in the automated optical metrology market is driving company growth through constant product innovation and development. Transparency Market Research states that innovation for new products is a necessity in this market to maintain a strong foothold within its stiff competitive landscape. Apart from this, companies are also focusing on mergers and acquisitions. Close to half the market shares were held by regional players in 2014, and key players can look for opportunities in regional expansion through this fragmented set.

Industries Pull in Advanced Automated Optical Metrology Solutions to Comply with Measurement Standards

“The lack of measurement standardization within any industry can be extremely detrimental when it comes to trade,” states a TMR analyst. “As such, most industries are striving to keep up with the market growth by inculcating the measurement standards to ensure high quality of products that can be exported.”

Quality control, measurement, and inspection have thus become a core necessity in all manufacturing processes. The International Bureau of Weights and Measures is one such organization that is responsible for fixing measurement standards on an international scale.

All companies affiliated with these industries must adhere to these standards to ensure high quality product quality, therefore ramping up the demand for automated optical metrology.

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Lack of International Measurement Standards Hinder Automated Optical Metrology Players from Expanding Geographically

While industries follow their own measurement standards for quality control, each organization possesses its own set of standard measurements. Furthermore, these clustered measurement standards can also prove to be contradictory to other standards, causing significant confusion and loss of product manufacturing time.

Companies applying these non-standard measurement for international trade are the ones most hit. The lack of international measurement standards is therefore, something that needs to be resolved to improve the growth rate of automated optical metrology.

Automotive Industry Ups Demand for Automated Optical Metrology Systems

The global automated optical metrology market is expanding at a CAGR of 7.6% within a forecast period from 2015 to 2021 in terms of revenue. This revenue is expected to reach US$1,565.3 mn by the end of 2021.

The region with the largest revenue share in automated optical metrology is Europe. Its revenue is expected to reach US$479.6 mn by the end of 2021. North America and Asia Pacific are expected to be a close second and third respectively.

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The largest scope of use for automated optical metrology services is found in the automotive industry. The revenue generated by automated optical metrology players from the automotive industry by 2021 is expected to reach US$421 mn.

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Gantry Crane Market Analysis by Top Key Vendors and Forecast to 2030

Transparency Market Research delivers key insights on the global gantry crane market. In terms of revenue, the global gantry crane market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global gantry crane market.

The global gantry crane market is affected by several factors, including development of shipyards and ports, construction industry, and various end-use industries. Improvements in product offerings & services by manufacturers coupled with penetration in developing nations are expected to drive the gantry crane market during the forecast period.

Gantry Crane Market: Dynamics

The construction industry includes activities of civil engineering construction, specialist construction, and development and construction of residential and non-residential buildings. The construction industry has a direct impact on the global economy and other related sectors. The global construction industry is projected to rapidly grow during the forecast period. The overall outlook of the construction industry is positive. Population growth, need for infrastructural upgrade, and investment in renewables and telecommunication are set to drive the construction market, thus creating business for gantry cranes during the forecast period.

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Trade between nations is an important parameter for the development of a country’s economy. Around 70% – 80% of the trade is seaborne, and trade volumes have shown modest growth over the past few years. Globalization and production of complex industrial processes/products have increased the importance of ports in the supply chain. Thus, the development of ports during the forecast period is anticipated to drive the gantry crane market.

The cost of a gantry crane is determined by its type and lifting capacity. Greater the lifting capacity, higher is the price. Gantry cranes, which are used at shipyards and ports, are expensive, as they are used to lift heavy objects and cannot be replaced by other cranes. However, the use of gantry cranes in other industries can be replaced with other types of cranes, thus impacting its demand.

The demand for gantry cranes is likely to increase due to the growth of end-use industries. The market is dominated by a few major players; however, the emerging manufacturing sector will create ample opportunities for new players in the form of semi gantry and portable gantry cranes.

Gantry Crane Market: Prominent Regions

In terms of region, Asia Pacific is anticipated to be the most lucrative for the growth of the gantry crane market, followed by Europe, owing to increasing construction activities in the region. Asia Pacific led the gantry crane market in 2019, and is expected to show sustainable growth during the forecast period. Countries such as China, India, and Japan will contribute significantly to the expansion of this regional market. The primary driver for the growth of the gantry crane market in Asia Pacific is rising trading and construction activities due to the advent of smart cities and rapid urbanization. Middle East & Africa is also anticipated to experience promising growth in the gantry crane market during the forecast period.

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China accounts for a majority share of the Asia Pacific gantry crane market, followed by India. The demand for gantry cranes is projected to increase due to the ongoing One Belt One Road initiative. Many developing nations in Asia Pacific, which generate the demand for various products, are increasing trading and production capabilities. The construction sector is expected to witness fast growth, owing to a huge pipeline of infrastructure projects.

Germany accounts for a dominant share of the Europe gantry crane market, followed by the U.K. Regional markets continue to benefit from delegated powers and cooperative strategies to make investment decisions relevant to regional needs. Europe’s huge construction and engineering sectors with high-speed rail, highways, logistics, and technology are expected to drive the demand for gantry cranes during the forecast period. Stronger external demand, new wave of automobile demand, and stable business confidence are factors projected to fuel the growth of the gantry crane market across the region during the forecast period.

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Pharmaceutical Plastic Bottles Market Segments and Forecast to 2024

According to a research report by Transparency Market Research (TMR), a leading market intelligence firm, the U.S. pharmaceutical plastic bottles market is anticipated to experience a high growth rate in the coming years. The market demonstrates a highly fragmented and competitive business landscape, with a few players, such as Gerresheimer AG, AptarGroup Inc., Berry Plastics Group Inc., AptarGroup Inc., Alpha Packaging, and Amcor Ltd., displaying intense rivalry amongst them. The leading manufacturers of pharmaceutical plastic bottles have been concentrating on launching innovative products to remain significant in the competition. Going forward, they are expected to shift their focus towards incorporating latest technologies in their product portfolios in order to gain more and more traction. They are also projected to increase their investments in this market to capture more share in the years to come, states the research report.

The research report by TMR further states that the U.S. pharmaceutical plastic bottles market will register a steady growth at a CAGR of 4.10% over the period from 2016 to 2024. The main type of products in this market are dropper bottles, liquid bottles, packer bottles. Among these, the packer bottle segment is witnessing the most significant demand across the U.S. Researchers expect this scenario to remain so over the next few years.

These bottles find extensive application in the packaging of topical medication, droppers, oral care products, liquid, and e-liquid. The oral care product and the topical medication segments report the maximum demand for pharmaceutical plastic bottles and the revenue from these segments is likely to remain high in the years to come. Pharmaceutical companies and pharmaceutical packaging companies have surfaced as the prime end users of pharmaceutical plastic bottles in the U.S., notes the market study.

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“The increasing application of pharmaceutical plastic bottles for the packaging of oral medications is generating tremendous revenue in the U.S. pharmaceutical plastic bottles,” says a TMR analyst. Apart from this, the increasing focus of pharmaceutical bottle manufacturers on using recycled plastic, in a bid to minimize the harm to environment caused by plastic, is also influencing the growth in the U.S. pharmaceutical plastic bottles market positively.

Plastic bottles are highly cost efficient and cater to a number of applications in the pharmaceutical packaging industry. The ease of designing these bottles in a variety of shapes and sizes, as per their application, has fuelled their demand among pharmaceutical packaging companies, which is projected to boost the U.S. pharmaceutical plastic bottles market in the long run, states the research report.

Availability of Eco-friendly Substitutes to Hinder Growth Trajectory

Though the future of the U.S. pharmaceutical plastic bottles market looks bright, there are a few factors that may cause hindrance in its growth trajectory over the forthcoming years. Among those factors, the most important one is the easy availability of eco-friendly and viable substitutes, such as metal bottles and paper packaging products, in the market.

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However, the increasing applications of pharmaceutical plastic bottles for the packaging of chemical products and their rising demand in compounding pharmacies and medical and healthcare centers are projected to offer lucrative growth opportunities for the U.S. pharmaceutical plastic bottles market over the next few years. The convenience, plastic bottles offer over glass bottles, is also projected add to their demand in the pharmaceutical industry, thereby supporting the growth of the U.S. pharmaceutical plastic bottles market in the near future, states the research report.

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Wicketed Bags Market Growth Survey 2020 to 2028 and Industry Analysis Report

Transparency Market Research delivers key insights on the wicketed bags market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2020-2028. In terms of revenue, the global wicketed bags market is projected to expand about 1.5x its current market value by the end of 2028, owing to the high demand for flexible and transparent packaging. The retail & consumer segment is likely to create an incremental opportunity of more than US$ 518 Mn between 2020 and 2028. The wicketed bags is highly demanded in the food & beverages industry.

Wicketed bags are gaining significant traction nowadays due to its cost-effectiveness and more efficiency. Many of the end users such as retail, institutional, and industrial are switching to use these bags as a packaging solution, as these bags have high yield and tear resistance. Additionally, waterproof packaging is a major concern among many end users for ensuring their product safety and shelf life. Wickets provided in bags allow packaging operator to transfer product more efficiently from the worktable to the plastic bags and then to follow sealing operation. This increases speed of packaging and production activities ensuring maximum productivity for the organization. Therefore, lucrative sales opportunities are expected for wicketed bags in the near future.

For better market understanding, research team has considered consumption and sales of wicketed bags as per various materials used for manufacturing of such bags and applications across five regions. End users have more inclination toward eco-friendly material; therefore, consumption of non-biodegradable material-based wicketed bags is rapidly increasing since the past three years. As per the TMR analysis, Asia Pacific region is anticipated to hold the share of more than 40% of the global wicketed bags market by 2028. North America and Europe are expected to dominate the market in 2020, owing to wide applicability and high production of wicketed bags.

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Prominence of Transparent Packaging Solutions for Enhanced Aesthetic Appeal to Impact Sales

A trace of the product’s quality is perceived by the transparency of the package. If consumers are not able to see what is inside the package, they are less likely to purchase it. The surge in the demand for see-through packaging is on the rise, especially in the food & beverages industry, as it imparts visually pleasing appearance and enhances the shelf visibility of the product. Therefore, product differentiation is the main focus point of manufacturers, especially in the consumer goods segment.

Clear packaging can be achieved by using wicketed bags, as they offer superior gloss and transparency to the package. This also enables dispensing of food items such as bread & bakery products. This enables cost reduction, as there is no need of labelling, printing, and other decorations on packaging.

Substantial portion of consumers make purchase decisions at the point of purchase, which is likely to be influenced by the packaging format and aesthetics of packaging. Therefore, the demand for see-through or transparent packaging using wicketed bags is higher in developed countries of North America, which will further drive the market in the upcoming years.

Recycling of Plastic Bags Posing Challenge for Wicketed Bags Market

Recycling of plastic bags is one of the major challenges for manufacturers and users. Wicketed bags are mostly manufactured using multi-layer blend of co-extruded polyethylene for boosting its strength. Furthermore, to make it attractive, many end users are using printing inks and other materials. Recycling of plastic bags having composite material layers and ink and dye are resulting in degrading quality of recycled plastic resins.

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In order to minimize this, key players are manufacturing wicketed bags using bio-degradable material, which has less impact on the environment and is easy to recycle. Several states in Europe maintain strict packaging rules for both, manufacturers and distributors. Government authorities operating in many countries introduced stringent regulations on plastics below 50 micron in order to reduce the carbon emission and release of harmful chemicals. In addition, there are several laws enacted by the FDA regarding plastic use, specially associated with food and pharmaceuticals packaging.

Packaging manufacturers operating in European and American countries are required to comply with the legislative requirements of regional governments to sell products. Small-scale wicketed bags manufacturers operating in the U.S. flexible packaging segment are not able to compete in the market due to high expenditure on innovation of existing products to comply with existing rules and regulations. All these factors are projected to restrict the wicketed bags market growth to a certain extent.

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Fragrance Packaging Market Major Manufacturers, Technology Trends, Functional Survey 2025

As per expert analysts, the global fragrance packaging market is anticipated to usher at 5.0% CAGR during the forecast period of 2017 to 2025. The initial valuation of the market stood at US$2,031.9 mn and it is expected to rise to reach a valuation of US$2,119.9 mn by the end of the forecast period.

The global fragrance packaging market displays a moderately competitive market landscape owing to diverse approaches adopted by several prominent players, reports Transparency Market Research. The competition between the market plays is mainly driven by new product innovations. Key players in the global fragrance packaging market include Continental Bottle Co. Limited, Alcion Plasticos, Quadpack Ltd, Glaspray Engineering & Manufacturing Co. Ltd., Intrapac International Corporation, Gerresheimer AG, and Swallowfield Plc. These companies are focusing on expanding their footprints in the developing countries to gain stronghold in the market. Moreover, they are working on enhancing the appearance and packaging of the products.

Based on material type, the global fragrance packaging market is classified into paperboard, plastic, glass, and metal. Out of these, the metal material segment is expected to lead the market during the forecast period owing to extensive use in packaging deodorants and aerosol cans.

On the geographical front, the global fragrance packaging market is segmented into Asia Pacifuc, North America, Latin America, the Middle East and Africa, and Europe. Of them, Europe holds dominance over the market on account of high demand from France and Germany.

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With an increase in the number of e-commerce sites and the ease of use offered by these sites, consumers are highly incline towards e-retailing. Moreover, it enables the consumers to purchase numerous foreign brands sitting in the comfort of their home. This factor has influenced the global fragrance packaging market favorably, thus propelling its growth.

Furthermore, changing lifestyle has led to an increase in the focus on grooming products, especially in the younger generation. This has played a prominent role in augmenting the growth of the fragrance packaging market. Moreover, progression economies leading to an increase in the purchasing power has contributed to the market’s expansion.

The enhanced visual appeal of perfumes has also led to their popularity among the masses, thereby supporting the market’s expansion. In addition to this, extensive use of perfumes as gift items and high demand for luxury good has spiked the global fragrance packaging market’s growth. Another factor boosting the market’s growth is the development of new fragrances.

However, along with the numerous drivers, there are a few restraints confining the fragrance packaging market’s growth. Factors such as high costs of perfumes and rise in perfume imitations may hinder the market’s growth. Nonetheless, development of cost-effective products and products with lesser concentration of chemicals may offset the effects of the restraints.

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Development of Recyclable Packaging Solutions to Create Avenues 

A perfume brand, Floral Street appointed James 3D Products develop a substitute to  conventional over-packaging. As a result, James 3D Products came up with an idea of recyclable packaging. They developed a box using renewable natural wood fibers from their own recycling plant and forests. The packaging is naturally biodegradable and fully recyclable. Moreover, it had an aesthetic look and feels. Development of such sustainable packaging solutions has created numerous growth avenues for the fragrance packaging market owing to the environmental concerns.

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Coffee Packaging Market Top Key Players, Industry Segments and Forecast to 2027

The global market for coffee packaging is likely to showcase a fragmented nature with the existence of a high number of players in the market, states a new study by TMR. The players in the market are giving emphasis to novelties in the packaging techniques, which is likely to support the development of the market in the next few years. The development of new products and the growing investments by companies for research activities are predicted to accelerate the market growth in the near future. The prominent players engaged in the coffee packaging market across the globe are Sonoco Products Company, Sixto Packaging, Amcor Limited, ProAmpac LLC, WestRock Company, Co Pack, Inc., Crown Holdings Inc., Mondi PLC, Goglio S.p.A., Pacific Bag, Inc., Bemis Co Inc., Shenzhen Packmate Packaging Co., Ltd.Novolex Holdings, Inc., DS Smith PLC, and PBFY Flexible Packaging.

The global market for coffee packaging is emerging at a rapid rate. As per the research study, the market is predicted to register a potential growth rate over the next few years. Geographically, Europe is expected to account for a substantial share of the global coffee packaging market over the next few years.

The remarkable rise in the number of people drinking coffee on a daily basis is considered to be the main factor accelerating the growth of the market in the next few years. The strict regulations for packaging is further predicted to ensure the development of the market in the near future. The coffee packaging market across Asia Pacific is anticipated to witness a positive growth over the coming few years.

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Innovative Coffee Packaging to Encourage Market Growth in Near Future

The global market for coffee packaging is expected to witness a promising development over the next few years. The rise in the number of people who are consuming coffee at a regular basis is one of the main factors that is predicted to ensure the development of the market in the coming years.

The growing demand for coffee from restaurants, hotels, office cafeterias, and others is projected to support the development of the market in the near future. In addition to this, the leading companies in the market are emphasizing on innovations, which is likely to generate substantial growth opportunities in the next few years.

Furthermore, the packaging industry has been going through several technological developments, which is likely to work in favor with the coffee packaging market over the next few years. The efficient and innovative packaging, which helps in keeping the coffee fresh for a long time and it is likely to directly impact the taste of the coffee beans. Also, the key players in the market are making ardent efforts to launch airtight, innovative, and attractive packaging for coffee, which is anticipated to accelerate the development of the market in the near future.

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Preference for Different Types of Drinks to Inhibit Market Growth

The global coffee packaging market is predicted to witness a slight downfall in the growth of the market in the next few years. The rising preference of people to prefer fruit and vegetable juice and the rising number of people consuming tea are predicted to hamper the development of the market in the next few years. Nevertheless, the enhancement of the distribution segment and the development of new packaging techniques are estimated to enhance the development of the coffee packaging market in the near future.

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Coffee Packaging Market (Packaging Type – Pouches, Side Gusseted Bag, Block Bottom Bag, Stick Pack, Bag In Box, Bottles, Cans, Containers & Boxes, Sacks, and Others; Material Type – Plastic, Metal, Paper and Paper Board, Glass, and Others; Distribution Channel – Institutional Sales, Retail Sales) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027.”

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Waterproof and Weatherproof Label Market – Global Competition Outlook by 2025

The global market for waterproof and weatherproof labels has attracted immense responsiveness form the customers. The market players are expected to rely on this response of the customers and adopt novel business strategies to capture a greater market share. The leading market players include Fuji Seal International, INC., Bemis Company, Inc., LabTAG.com., Ahlstrom-Munksjö, Brady Worldwide, Inc., SYMBIO, INC, UPM Raflatac Ltd, Herma Gmbh, PMC Label, Avery Dennison Corporation, Lintec Corporation, NFI Corp, A Weber Packaging Solutions, Inc., Robos GmbH, and Co. KG, Advanced Barcode and Label Technologies, Inc., WS Packaging Group, Inc., 3M Company, ZIH Corp, and CCL Label, Inc. The competitive landscape over the coming years would reply on the moves of these key players.

The market for waterproof and weatherproof labels is expected to grow at a steady rate over the coming years. Transparency Market Research forecasts that the CAGR for the period between 2017 and 2025 would settle at 5.0%. The market that was valued at US$16.09 billion in 2017 is anticipated to escalate to a value of US$23 billion by 2025. Based on the printing technology, the market is segmented into thermal printed labels digital printed labels, flexographic printed, and lithographic printed labels.

Out of these categories, the digital printed labels are expected to clock the greatest market share, expanding at a CAGR of 5.20% over the forecast period. On a geographical scale, the market for waterproof and weather proof labels can be segmented into North America, the Middle East and Africa, Latin America, Asia Pacific, and Europe. The Asia Pacific market is expected to register a CAGR of 6.6% over the forecast period, reflecting the integrity of the regional market. The bright prospects of the market owe to the prominence of the Chinese market and the need to combat hazards in retail outlets in India.

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The resistance to abrasion is one of the finest qualities of these labels, which leads up to their increasing demand. The climatic adversities cannot affect these tags, thus, reflecting their durability. This persuades the brand manufacturers to extensively use these labels for their products. The most unique feature endowed by these labels is that they can be centrally tracked, which makes it easy to stay in control of large amounts of products being transferred.

This has popularized the product amongst large brands that have to consign good across several regions. The wide range of benefits offered by these labels has made them popular in multiple industries. Earlier, these labels were restricted to the hazardous products and chemicals; their usage has now spurred into pharmaceuticals, food and beverages, and consumer goods as well. A recent propensity to use foil in these labels has gained momentum because this shields the material from environmental harm. Since these labels retain the print emblazoned on them, brands who want the visibility of their logo on the product use these labels.

Popularity of Surface Printing Could Obstruct Growth

Despite the utility of waterproof and weatherproof labels, the rise of surface printing poses a major threat to the market. It is always easier to directly emblazon the brand names on the products without the use of labels, which is what surface printing does. This is a haunting factor for the market and could slow down progress. Nevertheless, the market is expected to reap the benefits of its extensive reach across several industries.

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The review is based on a market research report by TMR titled ‘Waterproof and Weatherproof Label Market (Type – Non-adhesive Based Labels (Glue Applied Labels, In-mold Labels, and Sleeve Labels) and Adhesive-based Labels (Permanent Labels and Removable Labels); Material – Specialty Paper, Foil, Plastic (Polypropylene (PP), Polyethylene (PE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polycarbonate (PC), and Polymethyl Methacrylate (PPMA); Printing Technology (Digital Printed Labels, Thermal Printed Labels, Lithographic Printed Labels, and Flexographic Printed Labels); End-use Industry – Food, Beverage, Pharmaceuticals, Cosmetics and Personal Care, Automotive and Mechanical Parts Packaging, and Chemicals) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025’.

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