The growth of the industrial packaging market in the automotive sector will be hampered by a decrease in passenger car sales

 

Industrial packaging is the art, science and technological process of protecting or packaging goods for sale, distribution, storage and use in a manufacturing or industrial setting. The term 'packaging' itself is derived from the Latin 'castus' which translates into 'to package'. Packaging refers to the method of creating, evaluating, developing, and designing packaging materials for the purpose of packaging products in an appropriate manner. The term 'packaging' can be broadly defined as the procedure in which goods are assembled in a suitable manner with the help of containers, bags, containers, or cases.

Industrial packaging refers to a number of processes that involve the use of packaging materials for the production of goods and other industrial needs. The primary purpose of industrial packaging is the safeguarding and preservation of the products that are to be distributed in the market. It is used as a tool for improving the efficiency and effectiveness of the production and distribution of goods. In the present scenario, packaging has become a very important part of our lives.

Market Dynamics

Significant growth in the fast moving consumer goods (FMCG) sector is expected to aid in growth of the industrial packaging market. For instance, according to India Brand Equity Foundation, FMCG market in India is expected to grow at a CAGR of 27.86 per cent and is expected to reach US$ 103.70 billion by 2020 from US$ 52.75 billion in FY18.

Decrease in sales of passenger cars is expected to decline demand for industrial packaging in the automotive sector, thereby hindering growth of the industrial packaging market. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019.

Among categories, the chemicals & pharmaceuticals segment is expected to witness significant growth in the industrial packaging market, owing to increasing investment in the pharmaceutical sector. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe invested US$ 19, 509 million in 2000, which increased to US$ 39,895 million (est.) in 2018.

Competitive Analysis

Major players operating in the industrial packaging market include, Smurfit Kappa Group, Cascades Inc., Mauser Group B.V., Grief Inc., International Paper, Nefab Group, Schutz, Sonoco, AmeriGlobe and B.A.G. Corp.

January 2020: Danimer Scientific, a developer and manufacturer of biodegradable materials, and Columbia Packaging Group (CPG), a producer of custom plastic bags and flexible packaging, announced a partnership to create compostable bags, film, and roll-stock for the flexible packaging market.

Increasing Aesthetic Appeal to Help Demand Growth for Dental Bone Grafts and Substitutes Market

 

The dental bone graft and substitutes market is growing exponentially in recent years. This can be attributed to increasing focus on aesthetic appeal and increasing dental visits. Demineralized bone matrix, allograft, xenograft, and synthetic bone graft substitutes form the product type segment in the market.

Market Dynamics

Increasing focus on aesthetic appeal is expected to propel growth of the dental bone graft and substitutes market. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week. Moreover, increasing number of dentist visits is also expected to aid in growth of the market. For instance, according to National Center for Health Statistics’ 2018 report, 84.9% of children aged 2-17 years visited a dentist in 2017, in the U.S.

High prevalence of dental disorders is expected to offer lucrative growth opportunities for players in the dental bone graft and substitutes market. For instance, according to the Centers for Diseases Control and Prevention’s Oral Health Surveillance Report, 2019, the prevalence of untreated tooth decay in primary teeth was 10% among children aged 2–5 years and 16% among those 6–8 years during 2011-2016. Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Among regions, North America is expected to witness significant growth in the dental bone graft and substitutes market, owing to increasing approval and launch of new products. For instance, in July 2020, Baxter International Inc. received the U.S. FDA approval of Altapore Shape Bioactive Bone Graft — the latest addition to the company’s next-generation bone graft substitute product line.

Competitive Analysis

Major players operating in the dental bone graft and substitutes market include, Institut Straumann AG, Geistlich, DENTSPLY International, Zimmer Biomet, Medtronic Plc., BioHorizons IPH, Inc., ACE Surgical Supply Company, Inc., RTI Surgical, Inc., LifeNet Health, and Citagenix

Major players operating in the dental bone graft and substitutes market are focused on approval and launch of new products to expand their product portfolio. For instance, in September 2020, Spine Wave launched Tornado Bioactive Bone Graft Matrix, which complements Spine Wave’s recently launched Tempest Allograft Bone Matrix, and each of these technologies work seamlessly with the company’s GraftMag Graft Delivery System.

Rapid Growth of the Healthcare Industry to Supplement Growth for Practice Management Systems Market

 

Practice management system helps manage the daily operations of an organization. The system helps organization (or facility) to settle meetings with specialists, record persistent information, keep up record, create last reports, etc. A medical practice management system provides staff members with real-time visibility into each patient's availability, enabling them to quickly identify potential scheduling problems. The system send email or text message (appointment reminders) to patients, reducing the possibility of a full-blown event that could negatively impact patient flow. Practice management system find wide application across various verticals in an industry.

Market Dynamics:

Increasing integration of healthcare system with practice management solutions is expected to propel the growth of the practice management system market. For instance, in January 2021, Brevium, an innovative SaaS company in the healthcare sector announced that it has extended the integration of its software with one of the premier electronic practice management systems in the U.S., Nextech.

Moreover, rising incentives by federal government are also expected to foster the practice management system market growth.

Growing inclination towards patient-centric care approach, increasing number of mobile health applications for better practice management, and cloud-hosted models are expected to offer lucrative growth opportunities for players active in the market. For instance, in January 2021, WRS Health announced that it has expanded its footprint with the availability of Neurology-Cloud. A new EHR (electronic health record) and practice management solution for neurologists.

Merger and acquisition by key players to enhance their market share is also expected to fuel the growth of the practice management system market. For instance, in 2019, Henry Schein acquired Elite Computer Italia, a dental practice management software company to enhance its presence in Italian market.

However, the high cost, dearth of skilled professionals, privacy and security concerns, and time required for integration are some of the factors expected to restrain the growth of the practice management system market.

Competitive Analysis:

Key players operating in the practice management system market are Accumedic Computer Systems, MediTouch, Greenway Medical AdvantEgde Healthcare Solutions, McKesson Corporation, Practice Fusion, NextGen Healthcare Information System LLC, GE Healthcare, Athenahealth, Inc., Henry Schein, and Allscripts Healthcare Solutions, Inc.

Key players in the market are adopting various strategies, such as collaboration and partnership, to enhance their market presence. For instance, in 2019, McKesson Corp. joined forces with Navigating Cancer to offer oncologists enhanced software platform for improved patient management in value-based care.

The Platelet Rich Plasma Market is Exploding as Industry Leader Generex Biotechnology Corporation acquires Medisource Partners in the United States

 

Platelet-rich plasma is a coagulated blood-rich polymer, made from extracted platelets. Extracted platelets are normally coagulated by monocytes or lymphocytes with fibrin. Platelets are also commonly injected into the body's bloodstream to support tissue healing following tissue surgery. Platelet-rich plasma has been found effective against bleeding disorders. It also helps reduce the risk of deep vein thrombosis (DVT) in patients with high blood pressure and in those taking anticoagulants. It may also reduce the risk of pulmonary embolism (PE), which is blood clots that enter the lungs and pulmonary system. In the chest, the clot can stop or limit the flow of blood to the heart. PE often leads to cardiac arrest and death.

Increasing cosmetic surgeries is expected to drive growth of the global platelet rich plasma market during the forecast period. Cosmetic surgeries refer to surgical specialty involving the restoration, alteration, or reconstruction of the human body. According to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2018, around 128,398 cosmetic procedures in Thailand and 1,036,618 procedures in Mexico were carried out. Hence, these factors are expected to drive growth of the global platelet rich plasma market during the forecast period. Furthermore, increasing prevalence of cosmetic surgeries is expected to boost the global platelet rich plasma market growth over the forecast period.

However, uncertainty regarding the efficiency of platelet-rich plasma products combined with the high cost of these products is expected to hinder the global platelet rich plasma market growth over the forecast period. Besides, continuous R&D activities in the field of plasma-rich bioactive molecules can present lucrative growth opportunities in the global platelet rich plasma market in the near future. Among regions, North America is expected to hold a dominant position in the global platelet rich plasma market during the forecast period. This is owing to increasing number of people suffering from orthopedic disorders. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising number of cosmetic surgeries facial features in emerging economies such as Thailand, India, and South Korea.

Key players operating in the global platelet rich plasma market are Estar Technologies Ltd., Arthrex, Inc., Generex Biotechnology Corporation, Stryker Corporation, Regen Lab S.A., Johnson and Johnsons Ltd., CollPlant, Zimmer Biomet Holdings Inc., Medira Ltd., Terumo Corporation, and Glofinn Oy.

For instance, in July 2019, Generex Biotechnology Corporation, a U.S.-based healthcare company, acquired Medisource Partners, a provider of medical and surgical products to process bone marrow aspirates and platelet rich plasma biologics.

As key industry player Avon Rubber plc completes the acquisition of Team Wendy LLC, a supplier of head protection systems, the personal protective equipment market is experiencing massive growth

 

Personal Protective Equipment (PPE), also called workplace safety equipment, is all protective gear and garments worn by workers, students, construction workers, or visitors to a workplace to prevent or reduce personal injury from falls, cuts, or other accidents on the job. A large variety of PPE is available, depending upon the level of risk for which the worker is required to work. Common examples of PPE are safety gloves, eye protection, ear protectors, masks, and boots. PPE is required in many industries, including construction, transportation, food service, and manufacturing. OSHA sets standards for PPE that must be followed, such as those for PPE for healthcare workers. These workers must wear long-sleeved shirts, disposable trousers with closed-fitting shoes, and gloves.

Adoption of the stringent regulatory framework is expected to drive growth of the global personal protective equipment market during the forecast period. Every country has a different regulatory framework that ensures rules and norms regarding the use of PPE kits. Since the outbreak of the COVID-19 pandemic, many regulatory agencies have structured new guidelines regarding the use of personal protection equipment. In the U.S., the Centers for Disease Control and Prevention (CDC) provides guidelines on the use of these kits. These kits have been mainly used by doctors and other healthcare workers while treating COVID-19 patients. Thus, these factors are expected to drive growth of the global personal protective equipment market during the forecast period. Furthermore, increasing the importance of safety & security at workplaces is expected to boost the global personal protective equipment market growth over the forecast period.

However, high raw material cost combined with increasing automation in end-use industries is expected to restrain growth of the global personal protective equipment market during the forecast period. Besides, rising demand for multipurpose equipment can present lucrative growth opportunities in the global personal protective equipment market. Among regions, Europe is expected to witness significant growth in the global personal protective equipment market during the forecast period. This is owing to rising demand for PPE across several industries including oil & gas, metal manufacturing, and automotive. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to the rapid growth of end-use including healthcare, chemicals, and manufacturing in the region.

Major companies operating in the global personal protective equipment market are Honeywell International Inc., DuPont, 3M, Polison Corp, Avon Rubber plc, Lakeland Industries, Inc., Delta Plus Group, BartelsRieger Atemschutztechnik GmbH, and Mine Safety Appliances (MSA) Company.

For instance, in November 2020, Avon Rubber plc, a provider of critical personal protection systems, acquired Team Wendy LLC, a major supplier of head protection systems for the military.

Rapid Growth on Kidney Stone Management Devices Market 2021 by New Market Opportunities, Production Cost Analysis, Market Development and Market Dynamics Forces

 

Kidney stones, also known as renal calculi, occur when the liquid stored in the kidneys becomes too concentrated. The stone, once lodged in the urinary tract, obstructs the urine flow from it and causes great pain in the abdomen. Other symptoms of a kidney stone include a burning sensation or an intense desire to urinate frequently. Also experiencing frequent urge to pass urine. Kidney stones can be treated effectively, due to presence of advanced methods and associated medical devices. Kidney stone management devices are widely used to retrieve kidney stones.

Market Dynamics:

Increasing prevalence of kidney stones and the increasing preference for minimally invasive surgeries worldwide is expected to propel the growth of the kidney stone management devices market. For instance, according to the United States National Kidney Foundation, every year, more than half a million people go to emergency rooms for kidney stone problems. It is estimated that one in ten people will have a kidney stone at some time in their lives.

Moreover, increasing product launches, technological advancements, and increasing research and development activities for the prevention and treatment of kidney stones is expected to augment the growth of the kidney stone management devices market. For instance, in August 2020, Dornier MedTech (Dornier) announced the launch of UroX, a community that connects professionals from various disciplines to cultivate innovation and solve the most pressing challenges in urology. Moreover, in May 2019, Lumenis announced the release of new clinical evidence of the advantages of lithotripsy treatment of benign prostatic hyperplasia (BPH) using MOSES Technology.

North America is expected to witness substantial growth in the kidney stone management devices market due to the increasing prevalence of kidney stone diseases in the region. For instance, according to a data published by the European Association of Urology and National Kidney Foundation 2019, in countries with high standard of life, such as the U.S. and Canada, the prevalence of this disease has been reported to be more than 10%.

Competitive Analysis:

Major players operating in the kidney stone management devices market are Richard Wolf GmbH, Dornier Medtech, Storz Medical AG, Lumenis Ltd., Electro Medical Systems, Cook Medical, Boston Scientific Corporation, Allengers Medical Systems, Coloplast Group, and Bard Medical Division.

Major players in the market are involved in various business strategies, such as product launch, business expansion, etc., to enhance their market position. For instance, in 2018, Boston Scientific Corporation launched LithoVue Empower Retrieval Deployment Device, for kidney stone retrieval through flexible ureteroscopy, in the United States and Europe.

Roche Diagnostics received FDA approval for its cobas HIV-1/HIV-2 Qualitative Test on the fully automated cobas 6800/8800 Systems in the United States, putting the HIV diagnostics market on the fast track

 

HIV diagnostics are not as simple to acquire as they may appear to be, and it's important that you get the correct tests for your particular condition. One shouldn't be embarrassed or feel ashamed about getting tested for the disease; after all, there are a lot of people who are living with HIV or AIDS and are leading happy lives. The reason you're being tested is simply so you can get the proper medical help you need, which can help you combat this dangerous disease.

Growing prevalence of HIV/AIDS is expected to drive growth of the global HIV diagnostics market. According to the Joint United Nations Programme on HIV/AIDS (UNAIDS), in 2019, 38 million people were living with HIV across the globe, of which 36.2 million were adults and 1.8 million were children aged 15 years and below. According to the same source, around 1.7 million people across the globe acquired HIV in 2019. Such increasing prevalence has led to high demand for advanced HIV diagnostics devices and testing kits across the globe. Hence, such factors are expected to drive growth of the global HIV diagnostics market. Increasing proactive initiatives to create awareness regarding HIV/AIDS is expected to propel the global HIV diagnostics market growth in the near future. For instance, in December 2020, Manforce Condom, a product of Mankind Pharma, launched a new campaign titled “#StandTogether” to raise awareness regarding HIV.

Lack of mandates for the nucleic acid test (NAT) and high costs associated with it in emerging economies is expected to restrain growth of the global HIB diagnostics market. Among regions, North America is expected to witness significant growth in the global HIV diagnostics market. This is owing to the presence of a technologically advanced healthcare network and higher expenditure in R&D. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to the presence of high unmet demand in China and India.

Major companies involved in the global HIV diagnostics market are Alere Inc., Qiagen, Abbott Healthcare, Siemens Healthcare, Abbvie Inc., Roche Diagnostics, Bristol-Myers Squibb, Mylan Inc., Janssen Therapeutics, Zyomyx Inc., Gilead Sciences, PointCare Technologies Inc., Merck & Co. Inc., Apogee Flow Systems, VIIV Healthcare, Sysmex, BD Biosciences, Partec, and Beckman Coulter.

For instance, in September 2020, Roche Diagnostics received the U.S. Food and Drug Administration (FDA) approval for its cobas HIV-1/HIV-2 Qualitative Test for use on the fully automated cobas 6800/8800 Systems in the U.S.

Because of the demand from various cattle owners to protect their cattle and provide high-quality meat to consumers, the global bovine respiratory disease treatment market continues to grow

 

Bovine respiratory disease treatment is a condition caused by exposure to contaminated tapeworm segments, which are found in raw or semi-raw dairy products and meat. Exposure to live or raw eggs can cause an infection and should be avoided to prevent worsening the situation. Treatment is relatively simple and consists of identifying infected eggs, removing them from the body, and then treating the infection through the administration of antibiotics. This process requires daily applications of a medicated spray and is effective for mild to moderate cases. More severe cases may require a course of intravenous antibiotics followed by a vapor rub, which helps to loosen the congested and hard lumpy mucus that often accompanies the disease. Topical corticosteroids may also be prescribed in severe cases to relieve symptoms and reduce the number of fluids in the lungs.

Market Dynamics

The main driving factor influencing the bovine respiratory disease treatment market is the rapid increase of this disease. The rapid expansion of the cattle population and changing environmental conditions are estimated to propel the market growth. According to a report by Beef Cattle Research Council, Bovine respiratory diseases result in 65-80% of morbidity and 45-75% of mortality rates in the cattle yards in the U.S. Moreover, rising awareness among the consumers related to healthy meat consumption, new environmental protection rules, and animal health monitoring practices are expected to boost the growth of the bovine respiratory disease treatment market.

However, the absence of awareness related to meat consumption in developing nations is the main restraining factor hindering market growth. Few complications are related to Bovine respiratory disease treatment. Animals that are suffering from bovine respiratory diseases sometimes show signs of weight loss, depression, mucopurulent or purulent nasal discharge, cough, and increased body temperature. The diagnosis after identifying these physical symptoms is tough owing to the similarities of the symptoms to other bacteria-caused diseases. Hence this factor is estimated to hinder the market growth.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these North America is estimated to hold a significant share of the bovine respiratory disease treatment market owing to the number of factors such as clusters of a bovine animal, increase in bovine respiratory diseases, and extensive expenditure on bovine health awareness. In the U.S. heavy amount of meat is consumed which comprises mainly of poultry and beef, and this factor is expected to drive the Bovine respiratory disease treatment market in the region. For instance, according to the North American Meat Institute, in 2019, the U.S. total consumption of beef amounted to approximately US$ 27.3 billion. The Asia Pacific is estimated to witness significant growth in the Bovine respiratory disease treatment market owing to the presence of a large number of animals and increasing awareness related to animal welfare in the region.

Competitive Analysis

Key players in the bovine respiratory disease treatment market include Bimeda Animal Health, Vetoquinol, Elanco, Boehringer Ingelheim GmbH, Virbac Group, Merck & Co., Inc., Bayer AG, and Zoetis Inc.

In September 2018, Boehringer Ingelheim GmbH introduced Bovalto Respi Intranasal, which is a new respiratory vaccine used in the treatment against viruses such as Bovine Respiratory Syncytial Virus (BSRV) and Parainfluenza 3 Virus in cattle. Likewise, in April 2018, VIDO - InterVac announced about developing a new vaccine that can protect cattle in Africa from bovine pleuropneumonia (CBPP).

Increased Prevalence of Peripheral Vascular Disease (PVD) to Help Growth for Blood Flow Measurement Devices Market

 

Blood flow measurement devices help in understanding the nature of blood flow such that the volume of blood supplied to various organs and abnormal changes in blood flow velocity. On the basis of products, these devices are divided into electromagnetic, laser Doppler, and ultrasonic Doppler blood flow meters.

Market Dynamics:

Increasing prevalence of peripheral vascular disease (PVD) combined with growing geriatric population is expected to augment the blood flow measurement devices market growth. For instance, around 6.5 million people age 40 and older in the United States have PVD, according to the Centers for Disease Control and Prevention (CDC).

Moreover, increasing research and development activities, as well as continuous advancements in the blood flow measurement devices are expected to propel the growth of the blood flow measurement devices market. For instance, in Jan. 2021, Valencell announced the development of an upgraded biometric blood pressure measuring technology for healthcare wearables that does not require calibration or a worn cuff.

Increasing prevalence of cardiovascular diseases and increasing adoption of innovative devices by the major players are also expected to fuel the growth of the market. For instance, in Jan. 2021, Sky Medical Technology announced that Luton and Dunstable University Hospital are the first NHS hospital in the South East to deploy the innovative geko device for VTE prevention in immobile acute stroke patients who cannot be prescribed the current standard of care.

Increasing clinical applications of blood flow measurement devices are expected to offer lucrative growth opportunities for players the market.

However, high cost of devices, stringent regulations, slow approval processes, and high investment for R&D and clinical trials are some of the factors expected to restrain the blood flow measurement devices market growth.

Competitive Analysis:

Key players operating in the blood flow measurement devices market are Compumedics Ltd., Carolina Medical Plc., Ace Medicals, Flowtronics Inc., Elcat GmBH, Cook Medical, D E Hokanson Inc., AKW Medicals Inc., Biomedix Inc, Medtronics, Transonic Systems, Perimed AB, Moor Instruments Ltd., Medistim ASA, GF Health Products, Deltex Medical Ltd., Arjo, Cook Medical Inc., Compumedics Ltd., and Atys Medical.

Key players in the market are focused on launch and approval of new devices to enhance their market presence or to strengthen their product portfolio. For instance, in January 2020, Cook Medical received FDA (Food and Drug Administration) authorization to market new EchoTip Insight Portosystemic Pressure Gradient Measurement System, an endoscopic ultrasound device to measure portal hypertension, in the United States.

Growing demand for advanced military technologies as well as increased investment in the military and defence sector are expected to Augment Growth of Airborne Weapon Delivery Systems Market

 

There are three major types of airborne weapon delivery systems in development; Long-range Unmanned Aerial Vehicles (LAV), Short-range Unmanned Aerial Vehicle (SRAV), and Laser-guided Air Ballistic Missiles (AGM). There are several programs currently active for each category, including; Ground-based Air Defense, Air-dropped Firepower Capability (AFFC), and Robotic, and Unmanned Aerial Vehicle (URAV).

Market Dynamics

Increasing demand for advanced military technologies is expected to propel growth of the airborne weapon delivery systems market. For instance, in February 2021, BAE Systems secured a US$ 247 million contract from the U.S Space Force to deliver advanced military GPS receivers and chips for the troops.

Increasing investment in the military and defense sector is expected to offer lucrative growth opportunities for players in the airborne weapon delivery systems market. For instance, in March 2019, China's Ministry of Finance announced a yearly budget of US$ 177.5 billion for the defense sector compared to US$ 167.4 billion in 2018. Moreover, increasing in software defined radio systems is also expected to aid in growth of the market. For instance, in February 2021, India's Ministry of Defense and Defense Public Sector Undertaking Bharat Electronics Limited signed a contract for procurement of Software Defined Radio Tactical.

Among regions, North America is expected to witness significant growth in the airborne weapon delivery systems market, owing to increasing investment in airborne platforms. For instance, in November 2020, BAE Systems was awarded a five-year US$ 94 million single-award indefinite delivery indefinite quantity contract to deliver advanced technology capability to the U.S. Navy.

Competitive Analysis

Major players operating in the airborne weapon delivery systems market are focused on gaining contracts to enhance their market share. For instance, in February 2021, Cubic Corporation’s Cubic Mission and Performance Solutions business division received a contract to deliver P5 Combat Training System pods and auxiliary training hardware in support of the Combat Air Force Contracted Air Support program.

Major players operating in the airborne weapon delivery systems market are also focused on adopting various marketing strategies to enhance their market share. For instance, in February 2021, BAE Systems exhibited its product portfolio at Aero India’.

Major players operating in the airborne weapon delivery systems market include, Boeing, BAE Systems, General Dynamics, Elbit Systems, Cubic Corporation, CMC Electronics, Lockheed Martin, Raytheon, Northrop Grumman, and Saab.

With rising demand from a variety of end-use industries, the sachet packaging market is on the rise

 

Today across the world, across industries, sachet packs are growing in popularity. These small packs, made by flexible packaging material on all four sides, are now the norm in the aviation and hospitality sectors. Billions of single-use sachets are sold every year, particularly in developing and emerging markets. Sachet packaging is extremely safe and efficient, and allow low-income consumers to buy small amounts of products. Sachet packaging is the flat three- or four-layer packing and is made of various materials such as aluminum, plastic, and paper. The sachet packaging market is witnessing robust growth due to increasing demand for packaging small quantities in various end-use industries such as personal care, cosmetics, food and beverages, pharmaceuticals, etc.

Sachets are widely used for demonstration purposes and advertising such as free distribution of product samples to create product awareness among consumers. With increasing inclination of companies towards product awareness, the demand for sachet packaging is also increasing. For instance, in February 2021, Toppan Printing collaborated with Unilever Japan on quality tests resulting in the adoption of mono-material flexible packaging for “Lux Luminique Sachet Set Limited Design.” Sachet packaging requires less packaging material and less storage space thereby, thus reduces the transportation cost. Sachets can be used for packaging of capsules, wipes, powders, liquids, among others.

Products such as mouth fresheners, cream, coffee, tea, sauces, lubricants, detergents, hair oil, and shampoos are packaged using sachet packaging. Thus, growth of the sachet packaging market is mainly driven by the increasing demand from various industry verticals as they are cheaper and also convenient in transportation. Moreover, sachet packaging is cost effective as it minimizes the product wastage. For instance, in March 2021, Danone announced the launch of the "first ever" formula milk in the United Kingdom to be sold in a pre-measured tab format. The new pre-measured tab format will be made available in packs of 24 sachets, with each sachet containing five tabs.

Moreover, the sachet packaging market is expected to witness robust growth in the Europe, North America, and the Asia Pacific due to increasing demand for sachet packaging from end-use industries, such as pharmaceuticals, cosmetic and personal care, and food and beverages. According to the Brand Equity Foundation (IBEF), the food and grocery market in India is the sixth largest in the world. However, the availability of alternatives, such as stick packaging and flexible packaging, is a major restraint for the sachet packaging market growth.

Because of the rising demand for natural gas and crude oil, the global hydrate inhibitors market is booming

 

Hydrate Inhibitors are the chemical substance which serves to regulate the rate of dissolving of monosodium hydrate in natural gas. Their function is to inhibit hydrate formation during maturation. This is a gas that is formed during the drilling process when there is the presence of water. When this occurs, it results in the production of a high amount of ethylene and propane. Due to this reason, it is essential to reduce the formation of hydrates in crude oil by using inhibitors.

There has always been a constant demand for natural gas and crude oil in the world. Hydrate inhibitors help in reducing line blockages and hydrate plugs that form during hydrate formation. Hydrate inhibitors are also utilized where other methods such as active heating and insulated flow line do not work. Owing to all these features, there is a constant demand for better inhibitors in the global hydrate inhibitors market. For instance, according to International Energy Agency, in 2019, the demand for natural gas at a worldwide level increased by 1.5% when compared to the demand of 2018. This ever-increasing demand for natural gas and crude oil is resulting in better growth of the global hydrate inhibitors market. The growth of the global hydrate inhibitors market is also dependent on the consumption of natural gas as the inhibitors are used in preventing or reducing the hydrate formation of onshore and offshore production systems.

However, low oil prices and political instability can influence the global hydrate inhibitors market negatively. According to the Organization of the Petroleum Exporting Countries (OPEC), instability in political levels has negatively impacted the production of oil and gas in Latin America's Venezuela region and has resulted in a significant decrease in the production capacity.

In recent times, there have been increased exploration activities in North America, which has resulted in the formation of significant demand in the global hydrate inhibitors market. For instance, according to Drillinginfo, there are over 900,000 active oil and gas wells in the U.S. and more than 130,000 have been drilled in the last few years. Moreover, there is a high consumption rate of natural gas in the region which is also augmenting the growth of the global hydrate inhibitors market. The hydrate inhibitors market in the Asia Pacific is witnessing exception growth in the demand curve, owing to the demand for the inhibitors from regions such as Africa and the Middle East. According to the Energy Information Administration, India has one of the largest gas reserves on its east coast. Additionally, there are increasing government initiatives related to the new development and advancement of technology of hydrate inhibitors, which is creating propulsion in the global hydrate inhibitors market.

With Gujarat Cooperative Milk Marketing Federation launching a new line of edible oils under the brand name JANMAY Farm Fresh, the Edible Oils and Fats Market is gaining traction

 

Cooking with edible oils and fats has been a part of human history since the earliest times. They have provided humankind with many health benefits, have been the source of essential oils, have been used for medicinal purposes, and have even been used for decoration. The demand for edible oils and fats has increased significantly in both developed and emerging economies. This is typically due to high consumption of bakery and confectionery and processed foods. Consumers from both developed and emerging economies are spending significantly on such products due to rising disposable income. According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the gross adjusted disposable income in the U.S. was US$ 50,444 per capita increasing from US$ 45,960 per capita in 2014. Such factors seem to augment growth of the edible oils and fats market significantly.

Cooking with vegetable oils or fats provides an environment that stimulates natural antioxidants, resulting in a reduction in oxidative stress caused by free radical molecules, oxygen radicals, and superoxide radicals. Cooking helps to destroy free radicals through an enhanced cellular oxidation process and reduced reactive oxygen species formation. The demand for biodiesel has been observed to be rising across the globe, which is derived from edible oils and fats. These edible oils are produced from sunflower, rapeseed, soybean, and palm. High usage of biodiesel can be an excellent solution for food versus fuel issues. Such factors can accelerate growth of the edible oils and fats market in the near future. That being said, consumers across the globe are becoming health conscious and hence are preferring trans-fats instead of conventional oils and fats. Moreover, there are stringent policies regarding oil products, which could hamper growth of the edible oils and fats market.

Recently, in July 2020, Gujarat Cooperative Milk Marketing Federation (GCMMF) launched a new range of edible oils under the brand name JANMAY Farm Fresh.

Cooking with vegetable oils or fats also provides an environment that stimulates lips and increases collagenase and elastase synthesis. The increase in collagenase and elastase synthesis results in a reduction of wrinkles and a general tightening of the skin. However, emerging regions such as Asia Pacific have registered high demand for edible oils and fats in the recent past. This due to the fact that high population growth and rising disposable income in China and India. The popularity of low-calorie oil is also increasing, which could boost regional edible oils and fats market growth. In terms of developed regions, Europe seems to be exhibiting significant demand for edible oils and fats. There is high consumption of the Mediterranean diet, which requires edible oils and fats.

The demand from pharmaceutical, food and beverage, and other high-end industries, the global caps and closures market is expected to gain momentum

 

Caps and closures are not just used for holding liquids or foods, but they can also be used to store other objects, raw meat, fish, and other ingredients. However, different types of caps and closures have different functions, and each has its specifications, sizes, shapes, etc. First, individuals have to determine the type of jars or bottles that they are going to use for storing their supplies. Different types of containers have different uses, and different caps and closures. Individuals who want to buy a lot of jars to store raw materials at one time should look for jars with airtight caps and closures, meant for storing the ingredients. Some specialty jars have different types of caps and closures.

Recently, the demand for beverages in the international market has increase and as a result, has created significant demand in the caps and closures market. For instance, according to a report by PepsiCo, in 2019, consumers have purchased more than US$ 18 billion worth of Pepsi. Moreover, various high-end industries such as pharmaceutical and food and beverages industries, use caps and closures daily to keep the products intact and safe from outside germs and dust. Caps and closures even provide extended shelf life for medicines, beverages, and foods, which has resulted in propulsion in the global caps and closures market.

However, since the maximum of these caps and closures are made of non-eco-friendly materials, they pose a threat to the environment if not recycled or discarded properly, which is affecting the global caps and closures market negatively. International authoritarian bodies have introduced stringent environmental policies and laws related to the usage of non-biodegradable materials. Moreover, many regions have increased restrictions related to the disposal of landfills. All these factors are working against the growth of the global caps and closures market.

The food and beverage market in the Asia Pacific region is expanding every day, owing to increased consumer demands, which is affecting the caps and closures market in the region positively. For instance, according to the India Brand Equity Foundation, in 2020, the food and retail industry of India generated a revenue of approximately US$ 890 billion. Moreover, the production cost is low in the region and is creating more opportunities in the caps and closures market. In North America, there is a huge demand for packaged foods and carbonated drinks, which is augmenting the growth of the caps and closures market in the region. Following the high requirements, there have been multiple industrial developments in the caps and closures market. For instance, in April 2019, TriMAs Corporation, acquired Taplas, a container, closure, and dispenser manufacturer based in Italy.

Vedanta Limited launching aluminium cylinder head alloy for cylinder heads and other automotive parts, the aluminium casting market is gaining momentum quickly

 

Aluminum Casting is a process of combining metal and melting the alloy in a furnace to form the desired shape. The most commonly used types of this method include extrusion molding, rotary molding, and press casting. All three processes require high levels of precision machining to create the right dimensions. This results in higher production costs but also makes it possible for fewer workers to participate in the production run. Aluminum casting is typically used in automobile fabrication due to its lightweight properties. However, automakers are more interested in aluminum’s excellent durability, superior corrosion resistance, and improved maintenance. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), total vehicle (commercial + passenger) sales reached 96 million units in 2017, increasing from 86 million units in 2013 globally. According to the India Brand Equity Foundation (IBEF), India’s domestic automobile sales reached 21.55 million units in FY20, registering a CAGR of 1.29%. Such high demand for automobiles can stimulate growth of the aluminum casting market.

Recently, in February 2021, Vedanta Limited launched aluminum cylinder head alloy for cylinder heads and other automotive components

Aluminum Casting is done through two different methods - extrusion mold casting and pressure die casting. Exprusion mold casting is the first common type of casting used today. It involves creating a mold from a solid piece of aluminum and pouring the melted material into the mold. After it cools, the result is a cast part that is both sturdy and strong. Emerging economies have witnessed robust industrialization over the years. This has prompted the demand for aluminum casting in various end-use sectors. Aluminum Casting can be separated into two categories based on the process required for forming the metal. Rotary and extrusion molding are the two main types. In the former process, molten metal is directed to the mold at a very high speed. This creates the needed hot spots and results in the most accurate and consistent results. This type of casting produces shapes with high tolerance to heat. However, aluminum casting has witnessed a slight decline in adoption due to increasing preference for aluminum alloys with magnesium.

Aluminum Casting is done through two different methods - extrusion mold casting and pressure die casting. Exprusion mold casting is the first common type of casting used today. It involves creating a mold from a solid piece of aluminum and pouring the melted material into the mold. After it cools, the result is a cast part that is both sturdy and strong. Emerging economies from Asia Pacific have emerged as primary consumers of aluminum casting. This is typically due to automakers across the globe shifting their production facilities in these countries, owing to the availability of cheap labor.

The demand for wood coatings market is increasing as the real estate industry expands

 

Wood coatings, also known as wood treatments, have extensive use both in residential and commercial applications. With many new advances in wood coating technology, the demand and growth of low VOC coatings are sure to create many new growth possibilities. Other coatings such as stain and finish also have similar benefits that wood coatings do. Many chemicals are used in the process of creating wood coatings. A chemical process is necessary to convert organic material to a usable state. During this conversion process, additional chemicals are introduced into the wood products creating further coatings. One of the most common and popular types of chemical coatings is polyurethane foam.

Improving living standards due to growing disposable income is a prime factor driving the growth of wood coatings market. Expansion of the furniture industry due to increasing population which is driving demand for residential building. This in turn is augmenting the growth of the wood coatings market. Thus, a rise in the real estate industry is projected to foster the growth of wood coatings market. According to the United Nation, The world population is projected to reach 8.5 billion in 2030, and to increase further to 9.7 billion in 2050 and 11.2 billion by 2100. On the other hand, strict regulation due to the presence of volatile organic compounds (VOC) in the coatings is projected to hinder the market growth of the wood coatings.

The Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the robust growth in the real estate sector due to the growing population in the region. According to the India Brand Equity Foundation, the real estate sector in India is expected to reach US$ 1 trillion by 2030. By 2025, it will contribute 13% to the country’s GDP. Real estate attracted around Rs. 43,780 crore (US$ 6.26 billion) in investment in 2019.

Key Developments:

1. In April 2019, Jotun launched Ultra One, Ultra Lite, and Primax Excel, which allow engineered wood to be protectively coated in powder – and for the first time, these products can be applied to natural wood too.

2. In November 2019, AkzoNobel digs in to launch €50 million investment in US wood coatings site

3. In July 2020, Nippon Paint India, part of the NIPSEA Group, has launched a new range of industrial paints under the Protec brand

4. In September 2019, Sirca Paints launched Fresco Matt Finish paint in the Indian market

5. In April 2018, HMG Paints, Manchester, UK, has launched a specialist range of decorative coatings, including a new color collection

6. In August 2020, Costron has teamed up with DSM to launch innovative wood coating solutions

Comprehensive Analysis on Vanillin Market Set for Rapid Industry Expansion, To Touch value of double digit CAGR By 2027

 

Vanillin is an organic compound that is used as a flavoring agent in foods, beverages, and pharmaceuticals. It is also used in perfumes in the fragrance industry and in the production of pharmaceuticals, cosmetics, and other fine chemicals.

Market Dynamics

Increasing expenditure on personal care products is expected to propel growth of the vanillin market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018. Moreover, increasing aesthetic appeal is also expected to aid in growth of the market. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.

Development of sustainable methods to extract vanillin is expected to offer lucrative growth opportunities for players in the global vanillin market. Moreover, increasing demand for packaged and prepared food products is also expected to aid in growth of the market. For instance, according to the U.S Department of Agriculture, export of prepared food from U.S. increased from US$ 5, 849 million in 2015 to US$ 6,682 million in 2019.

Among regions, Europe is expected to witness significant growth in the vanillin market, owing to growing pharmaceutical sector in the region. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.) in 2018.

Asia Pacific is also expected to witness significant growth in the vanillin market, owing to significant growth in the FMCG sector in the region. For instance, according to India Brand Equity Foundation, FMCG market in India is expected to grow at a CAGR of 27.86 per cent and is expected to reach US$ 103.70 billion by 2020 from US$ 52.75 billion in FY18.

Competitive Analysis

Major players operating in the global vanillin market include, Evolva Holding SA, Solvay SA, Borregaard, Jiaxing Zhonghua Chemical Industry Co., Ltd., Virginia Dare, Shanghai Xinjia, Watkins Natural Gourmet, Zibo Svolei, Liaoning Shixing, Synnova Chemicals, and Prinova Group LLC.

Major players operating in the global vanillin market are focused on raising funds to enhance their market share. For instance, in December 2020, Evolva Holding SA raised US$ 13.36 million in investment from Nice & Green, an independent private proprietary investment and corporate finance company.

Surgical robots market are capable of performing complex operations with greater precision and success

 

Surgical robots are designed to do much more than simple surgeries, including complex surgeries that are usually only done under very complicated circumstances. For example, a surgical robot that is used to help urologists insert hyaluronic acid pellets into the penis is able to perform this surgery without placing the patient at risk for any kind of infection.

Growing demand awareness regarding the advantages of robotic-assisted surgery coupled with the advancement in the surgery is fueling the growth of surgical robots market. Increasing adoption of surgical robots across hospitals & ambulatory surgery centers in order to reduce human error and improve patient safety is again driving the growth of surgical robots market. According to the International Federation of Robotics, the total value of sales of medical robots increased to US$1.9 billion, accounting for 29 percent of the total sales value of the professional service robots in 2017. Moreover, expanding application of surgical robots across various surgeries such as general surgery, gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, and other applications is also expected to uplift the market growth. Growing focus on improving surgeries with better precision and outcome is further anticipated to bolster the growth of surgical robots market. A rise in the funding in the field of surgical robots for developing more advanced cost-effective robots is anticipated to foster the growth of the surgical robots market.

North America is expected to gain significant growth over the forecast period and this is attributed to the increasing healthcare funding coupled with the rapid adoption of such advanced technology across the healthcare sector. According to the Centers for Medicare & Medicaid Services, the U.S. health care spending grew 4.6 percent in 2019, reaching US$3.8 trillion or US$11,582 per person.

Key Developments:

1. In September 2019, Medtronic has launched a new robot-assisted surgery platform that is more flexible and cost-effective than systems presently on the market.

2. In December 2020, Smith + Nephew (S+N) has announced the launch of a new handheld robotics platform: CORI. It is a surgeon-controlled handheld robotic platform, and its modular design will enable it to be scaled across the orthopedic service line.

3. In December 2019 Apollo Hospitals Bangalore has announced the launch of the first dedicated Robot-Assisted Cardiac Surgery Unit in India. The Robot-Assisted Cardiac Surgery Unit will offer patients with complex cardiac disease treatment with robotic-assisted minimally invasive cardiac surgery

The staple fiber market is expanding due to increased demand from construction and needlecrafting applications

 

Staple fiber refers to the fiber of short length and can be of any fiber composition. A continuous fiber like natural or artificial silk is called staple fiber and not short-staple fibers. They are used in baby clothing, adult clothing, towels, socks, caps, etc. Some manufacturers use short-staple fibers in making children's clothing and men's suits because of their softness. Short staple fibers are also used in making draperies and rugs as they do not absorb moisture well. They are made of needles and yarns of the same length. There are some producers who make fibers of longer length from wool and cotton. This can be produced easily, as there is less work involved.

Increasing demand for the product from clothing construction, needle crafting, rug-making, and weaving industries is primarily fueling the growth of the staple fibers market. The yarns of the product are suitable for producing heavy-use objects such as coats, rugs, wrap threads, and blankets. Growing demand for carpets due to the increasing number of houses is again driving the growth of the market. This is also attributed to the increasing population around the globe. The decrease in temperature level is boosting demand for blankets during winters and also in colder areas. This has further boosted the growth of the market. Furthermore, the growing demand for cost-effective synthetic fibers from developing countries is further projected to propel the growth of the Staple fibers market.

The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the improving economic conditions coupled with the rise in the number of manufacturing industries. According to the India Brand Equity Foundation, India exported 34% of the world's polyester staple fibers ($24 million) and China exported 22% ($16.4 million) of the world's polyester staple fibers. These two countries are accounted for as the major exporters of polyester staple fibers.

Key Developments:

In March 2019, Beaulieu Fibers International (BFI), a European polyolefin fiber supplier has exhibited at the IDEA 2019 show in Miami, FL, as an ‘all solution provider’ for polyolefin carded nonwovens in personal care and hygiene, geotextiles, automotive, floor coverings, and filtration applications.
In February 2020, Eastman, the producer of sustainably sourced Naia™ cellulosic filament yarn, announces the expansion of its Naia™ fiber portfolio at Première Vision-Paris (PV), the international fashion and textile exposition
In October 2020, China's Zhengzhou commodity exchange (ZCE) launched its polyester staple futures.
In June 2020, Turkey announced the launch of a safeguard investigation on staple fibers of polyestersa

The Global Rigid Packaging Market Continues to Grow, with Major Market leader Alpla Group Acquiring Amcor Limited's PET Bottle Plastic Plant in India to bolster its position

 

Rigid packaging is simply lightweight pouches or bags sealed with pressure or heat seal. The most obvious advantage of rigid packaging is that it is very lightweight and very durable, offering high protection against damage. The thickness of a rigid package is an important factor to consider when considering the advantages and disadvantages of both types of packaging.

High growth in the logistics and transportation sector is expected to drive growth of the global rigid packaging market during the forecast period. The logistics and transportation sectors have witnessed massive growth in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian logistics market is expected to reach US$ 215 billion by 2020, registering a CAGR of 10.5%. Rigid packaging is a critical element in the transportation and logistics application. It offers adequate protection & durability during transportation along with a variety of substrates, shapes, and enhanced recycling capabilities. Thus, these factors are expected to drive growth of the global rigid packaging market during the forecast period. Furthermore, rapid growth of the e-commerce industry is expected to propel the global rigid packaging market growth over the forecast period. According to the U.S. Department of Commerce, e-commerce sales in the U.S. in the third quarter of 2020 reached US$ 199.4 billion. Moreover, rising consumer goods demand and improving package recycling rates are expected to boost the market growth over the forecast period.

However, rising adoption of flexible packaging materials combined with fluctuating raw material prices is expected to hinder the global rigid packaging market growth over the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global rigid packaging market during the forecast period. This is owing to a rapid expansion of the food & beverage and pharmaceutical sectors in the region. Emerging economies such as India and China are expected to leaders in goods export in the region, thereby driving the regional market growth. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to increasing use of bioplastic as a raw material in rigid packaging, owing to stringent guidelines on carbon emission.

Key companies involved in the global rigid packaging market are Amcor Limited, Mondi Group, Bemis Company, RESILUX NV, Georgia-Pacific LLC, DS Smith plc, Sealed Air Corporation, Holmen AB, Reynolds Group Holdings Limited, and Berry Plastics Corporation.

For instance, in September 2020, Alpla Group, a provider of plastic packaging solutions, acquired Amcor Limited’s plastic plant of PET bottles in India.

As key industry player Avon Rubber plc completes the acquisition of Team Wendy LLC, a supplier of head protection systems, the personal protective equipment market is experiencing massive growth

 

Personal Protective Equipment (PPE), also called workplace safety equipment, is all protective gear and garments worn by workers, students, construction workers, or visitors to a workplace to prevent or reduce personal injury from falls, cuts, or other accidents on the job. A large variety of PPE is available, depending upon the level of risk for which the worker is required to work. Common examples of PPE are safety gloves, eye protection, ear protectors, masks, and boots. PPE is required in many industries, including construction, transportation, food service, and manufacturing. OSHA sets standards for PPE that must be followed, such as those for PPE for healthcare workers. These workers must wear long-sleeved shirts, disposable trousers with closed-fitting shoes, and gloves.

Adoption of the stringent regulatory framework is expected to drive growth of the global personal protective equipment market during the forecast period. Every country has a different regulatory framework that ensures rules and norms regarding the use of PPE kits. Since the outbreak of the COVID-19 pandemic, many regulatory agencies have structured new guidelines regarding the use of personal protection equipment. In the U.S., the Centers for Disease Control and Prevention (CDC) provides guidelines on the use of these kits. These kits have been mainly used by doctors and other healthcare workers while treating COVID-19 patients. Thus, these factors are expected to drive growth of the global personal protective equipment market during the forecast period. Furthermore, increasing the importance of safety & security at workplaces is expected to boost the global personal protective equipment market growth over the forecast period.

However, high raw material cost combined with increasing automation in end-use industries is expected to restrain growth of the global personal protective equipment market during the forecast period. Besides, rising demand for multipurpose equipment can present lucrative growth opportunities in the global personal protective equipment market. Among regions, Europe is expected to witness significant growth in the global personal protective equipment market during the forecast period. This is owing to rising demand for PPE across several industries including oil & gas, metal manufacturing, and automotive. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to the rapid growth of end-use including healthcare, chemicals, and manufacturing in the region.

Major companies operating in the global personal protective equipment market are Honeywell International Inc., DuPont, 3M, Polison Corp, Avon Rubber plc, Lakeland Industries, Inc., Delta Plus Group, BartelsRieger Atemschutztechnik GmbH, and Mine Safety Appliances (MSA) Company.

For instance, in November 2020, Avon Rubber plc, a provider of critical personal protection systems, acquired Team Wendy LLC, a major supplier of head protection systems for the military.

Expanding the Graphene market by increasing the sale of electronic gadgets

 

Graphene is a super-advanced material that has many useful qualities. It is widely used in electronics products, photovoltaic cells, ultra-light vehicles, energy generation systems, and medical implants. It is a unique combination of diamond and graphite, with the best of both worlds. Graphenes has extraordinary strength and stiffness. Diamond is brittle by nature, while Graphene is much more so, which opens up a whole new class of products and applications. Graphene is classified into mono-layer & bi-layer graphene, graphene oxide (GO), few-layer graphene (FLG), and graphene nanoplatelets (GNP).

High demand for consumer electronic products such as tablets and mobile phones due to increasing disposable income is predominantly fueling the growth of graphene market. Expansion of the chemical industry around the globe is another key factor augmenting the growth of graphene market. According to the Cefic Facts & Figures 2020, the global chemicals turnover was valued at €3,347 billion in 2018. Global sales grew by 2.5% from €3,266 billion in 2017 to €3,347 billion in 2018. With €1,198 billion in 2018, China is still the largest chemical producer in the world, contributing 35.8% of global chemical sales in 2018.

The Asia Pacific is expected to exhibit significant growth over the forecast period and this is attributed to the increasing usage of consumer electronic products in the region. According to the India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and the consumer electronics industry is expected to double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025.

Key Developments:

1. In November 2020, Graphene announced the launch of the next generation of advanced technologies, and the Stirling based outfit, Integrated Graphene is set to launch their first graphene-enhanced product

2. In November 2020, Applied Graphene Materials, a producer of specialty graphene nanoplatelet dispersions, has launched a new commercial service offering. ‘Innovation Accelerator’ is a unique end-to-end research and development service to support businesses in harnessing the potential of graphene in their products.

3. In October 2020, GrapheneCA has developed a new graphene-improved ceramic-based coating with a built-in antimicrobial additive for protection of various types of glass for up to 2 years.

4. In July 2019 Graphmatech has launched Aros Create which is Nylon Aros Graphene® pellets with a volume resistivity of less than 1 Ωcm while maintaining polymer lightweight, flexibility, processability, and recyclability.

Rapid E-Commerce Sector Growth to Supplement E-Commerce Packaging Market Growth

 

Packaging has become an essential tool nowadays. Highly functional and visually appealing packaging can attract the attention of the consumer. E-commerce packaging includes primary and secondary packaging made for a variety of products. The scope of the e-commerce packaging is limited to the solutions offered by different packaging materials and their applications for a wide range of e-commerce products.The current development in the e-commerce market is cross-border online shopping. Packaging helps protect products from environmental damage and contamination such as microbes, moisture, and dust.

Though the global pandemic (COVID-19) hit the world economy hard, the e-commerce sector seems to have grown leaps and bounds since April 2020. Emerging economies such as China, Brazil, India, etc. are opening up their markets to neighboring countries expecting to increase consumption of foreign goods, which is also expected to propel the growth of the market. Currently, India is now 9th worldwide in cross-border e-commerce growth. Moreover, attractive offers and the availability of desired products have investigated the cross-border e-commerce growth, which, in turn, increases the demand for e-commerce packaging.

Furthermore, the increase in online shopping due to COVID-19 outbreak and the growing popularity of smart packaging is expected to drive the e-commerce packaging market growth. For instance, in October 2020, Amazon (an e-commerce company) reported blowout third-quarter results as a pandemic helped the company triple its profits amid a 37% increase in earnings. Moreover, in July 2020, Amazon reported the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.

E-commerce has transformed the retail sector and it is gaining significant market share in place of conventional retail channels such as convenience stores, supermarkets, and hypermarkets. E-commerce packaging is important for products such as furniture and electronics, as well as for branding and customer retention. E-commerce packaging includes labels, tapes, mailers, boxes, and protective packaging among others, which are used for packaging of products sold on online platforms. The rapid growth of the retail and the e-commerce industry is driving the growth of the e-commerce packaging market.

In terms of geography, the e-commerce packaging market is divided into six regions, such as North America, Europe, Asia Pacific, South America, Middle East, and Africa. North America, Asia Pacific, and Europe are expected to witness substantial growth in the market due to the presence of major players and high internet and smartphone penetration in these regions. Snapdeal, Flipkart, and Amazon India are among the major e-commerce players operating in India. However, the demand for e-commerce packaging depends largely on the performance of these companies in the market.

Industry Top Glove Introduces BioGreen Biodegradable Nitrile Gloves for Disposal in Anaerobic Setting, Expanding the Disposable Gloves Market Rapidly

 

Disposable gloves are gloves used for a variety of purposes including medical examinations and other industrial applications to prevent cross-contamination and protect the user’s hands. These gloves aren't made to be worn all the time, but rather, they're made to be discarded after use. Disposable gloves are extremely popular in the medical industry as they're perfect for all sorts of applications, including but not limited to suction applications, alcohol, and chemical applications.

Continuous research and development activities and new product launches are expected to drive growth of the global disposable gloves market during the forecast period. Key companies in the market are focused on research and development activities, in order to innovate a new product and gain a competitive advantage in the market. For instance, in July 2020, SW, a provider of hand health technologies, introduced a new Bantam brand of thermoplastic elastomer (TPE) gloves to cater to the demand for the shortage of gloves. Furthermore, in August 2020, Lath Nitrile Gloves launched Nitrile Rubber Gloves in the U.K. and U.S. markets. Many companies are focused on the continuous development of gloves that remove the potential transmission of bacteria and other pathogens that can be transmitted via gloves. Thus, these factors are expected to drive growth of the global disposable gloves market during the forecast period. Furthermore, increasing product demand in healthcare, pharmaceutical, chemical, oil & gas, and medical sectors is expected to boost the global disposable gloves market growth over the forecast period.

However, concerns regarding the use of natural rubber latex since they are allergic to some users combined with price fluctuation of rubber are expected to hinder the global disposable gloves market growth over the forecast period. Since healthcare infrastructure is expanding, it can provide significant growth opportunities to market players.

The Digital door lock system market is being hampered by a lack of knowledge about the technology

 

Digital door lock systems refer to electronically operated physical access systems that have gained significant traction in the past few years due to growing concerns for the safety and security of organizational, private, and personal assets. Digital door lock systems are widely used in enterprises and other businesses to keep track of the information about a person entering or exiting a workplace. Digital door locks provide a low cost, easy to install security solution that requires a reliable means of access control but where the allocation of cards or keys is unpractical due to the volume of entry and exit into the building.

Moreover, digital door locks provide keyless access to schools, homes, and business premises without always having a set of keys. There are two main types of digital lock such as Electronic and Mechanical. They are available in multiple options depending on the security requirements of the user, such as access based on security tokens, passwords, numeric code, passphrases, different types of biometrics, and radio frequency identification devices. Furthermore, the use of smartphones as a means of gaining entry is among the major solutions gaining traction for residential and other end-user applications. The availability of large-scale options and the high level of security offered by these solutions are expected to drive market growth.

Increasing cases of crime, theft, and home invasion worldwide are among the leading causes of market growth. According to the Federal Bureau of Investigation (FBI), in 2019, around 1,117,696 burglaries occurred in the United States. Moreover, around 38% of assaults and 60% of rapes occur during home invasions. In the U.S., there is one burglary every 13 seconds and around 2.3 and 2.6 million robberies every year. The above-mentioned factors are expected to increase the demand for digital door lock systems. However, the lack of awareness among people about digital door lock systems is expected to hamper the growth of the digital door lock system market.

In terms of geography, the digital door lock system market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Based on type, the digital door lock system market is segmented into biometrics and keypad locks. Moreover, the increasing number of terrorist activities in emerging economies and a large number of infrastructure investment activities are expected to generate significant growth opportunities for the market. Key players active in the digital door lock system market are Panasonic Corporation, Hitachi Ltd., Godrej & Boyce Manufacturing Company Ltd., Allegion, Nestwell Technologies, Cisco Systems, ABB, etc.

Digital door lock systems refer to electronically operated physical access systems that have gained significant traction in the past few years due to growing concerns for the safety and security of organizational, private, and personal assets. Digital door lock systems are widely used in enterprises and other businesses to keep track of the information about a person entering or exiting a workplace. Digital door locks provide a low cost, easy to install security solution that requires a reliable means of access control but where the allocation of cards or keys is unpractical due to the volume of entry and exit into the building.

Moreover, digital door locks provide keyless access to schools, homes, and business premises without always having a set of keys. There are two main types of digital lock such as Electronic and Mechanical. They are available in multiple options depending on the security requirements of the user, such as access based on security tokens, passwords, numeric code, passphrases, different types of biometrics, and radio frequency identification devices. Furthermore, the use of smartphones as a means of gaining entry is among the major solutions gaining traction for residential and other end-user applications. The availability of large-scale options and the high level of security offered by these solutions are expected to drive market growth.

Increasing cases of crime, theft, and home invasion worldwide are among the leading causes of market growth. According to the Federal Bureau of Investigation (FBI), in 2019, around 1,117,696 burglaries occurred in the United States. Moreover, around 38% of assaults and 60% of rapes occur during home invasions. In the U.S., there is one burglary every 13 seconds and around 2.3 and 2.6 million robberies every year. The above-mentioned factors are expected to increase the demand for digital door lock systems. However, the lack of awareness among people about digital door lock systems is expected to hamper the growth of the digital door lock system market.

In terms of geography, the digital door lock system market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Based on type, the digital door lock system market is segmented into biometrics and keypad locks. Moreover, the increasing number of terrorist activities in emerging economies and a large number of infrastructure investment activities are expected to generate significant growth opportunities for the market. Key players active in the digital door lock system market are Panasonic Corporation, Hitachi Ltd., Godrej & Boyce Manufacturing Company Ltd., Allegion, Nestwell Technologies, Cisco Systems, ABB, etc.

Automotive Interior Materials Market Sales Revenue to Cross US$ 3.5 Bn by 2028

 

The different utilizations of Automotive Interior Materials in the current-day business area can be clarified as follows. Thermoplastic and calfskin are the best two classifications in the car inside materials industry, as they produce the most noteworthy deals across all territories. Calfskin is utilized for seats, dashboards, upholstery, main events, instrument covers, rugs, and so on while Automotive Thermoplastic is utilized for cabinetry, floor covers, seat covers, and so on There are particular subcategories which incorporate printed vinyl, delicate material vinyl, engineered fiber vinyl, cowhide covered wood, manufactured calfskin, fiber-covered wooden sheets, and so on which are utilized to produce different kinds of Automotive Interior Materials as indicated by customer necessities.

Technological advancements in the automotive interior are expected to drive growth of the global automotive interior materials market. Key players in the market are laying major emphasis on product development and technological advancements, in order to gain a competitive advantage. Since these companies are launching innovative products, the market for automotive interior materials is expected to gain significant traction in the near future. As a matter of fact, these companies are launching lightweight seats that are significantly thinner and more comfortable than their predecessors. For instance, in December 2019, Xiaomi, a Chinese smartphone marker, launched QBORN 360° Rotating Baby Car Seat on its crowdfunding platform. Furthermore, in October 2017, Dorel Juvenile, a subsidiary of Dorel Industries, launched the world’s first child seat named Maxi-Cosi AxissFix Air with integrated airbags. Thus, such factors are expected to drive growth of the global automotive interior materials market. Furthermore, increasing demand for hybrid and electric vehicles is expected to propel the global automotive interior materials market growth in the near future.

However, the decline in automobile production globally and increasing adoption of inferior and low-cost alternative is expected to hinder the global automotive interior materials market growth. Growing integration of green technology, as well as continuous R&D activities, can offer significant growth opportunities in the global automotive interior materials market. Among regions, Asia Pacific is expected to witness significant growth in the global automotive interior materials market. This is owing to rising government support in terms of ease in regulations to attract automakers across the globe. Furthermore, Europe is expected to register a robust growth rate, owing to growing importance of automotive interiors in the European region.

Key companies involved in the global automotive interior materials market are Yanfeng Automotive Trim Systems Co., Ltd., Faurecia S.A., Toyota Boshoku Corporation, D.K Leather Corporation, Seiren Co., Ltd., Lear Corporation, Sage Automotive Interiors, GST AutoLeather Inc., Johnson Controls, Inc., Grupo Antolin-Irausa, S.A., and Grupo Antolin-Irausa, S.A.

For instance, in October 2020, Sage Automotive Interiors, a subsidiary of Asahi Kasei, acquired Adient’s automotive fabric business for US$ 175 million.

As industry leader VSee lab Inc. partners with Vuzix Corporation to introduce an innovative telemedicine product, the global video telemedicine market is experiencing significant growth

 

Video telemedicine utilizes innovation basically PCs, video, informing, and telephone by clinical experts to analyze and treat patients in far off areas. Video telemedicine or telemedicine includes the utilization of electronic interchanges and programming for the executives of ongoing conditions.

Expanding commonness of emergency clinic gained contamination and expanding rates of white coat disorder is relied upon to drive development of the worldwide video telemedicine market during the conjecture time frame. As indicated by the Indian Journal Medical Research (IJMR), in 2017, careful site contaminations (SSIs) were the most well-known HAI with predominance of 23.94% followed by emergency clinic obtained pneumonia with 18.31%, catheter-related circulation system disease (16.9%), and urinary plot diseases (16.9%) in India. Such high commonness has prompted expansion popular for video telemedicine internationally. Video telemedicine offers various benefits like less time in lounge area, no transportation time and cost, and less odds of getting another disease. Hence, these variables are relied upon to drive development of the worldwide video telemedicine market during the estimate time frame. Additionally, developing geriatric populace is required to help the worldwide video telemedicine market development over the conjecture time frame. As per the World Health Organization (WHO), by 2050, worldwide populace of matured 60 years or more is relied upon to arrive at 2 billion, expanding from 900 million of every 2015. Video telemedicine is an ideal option in contrast to geriatric individuals to get clinical medicines and prescriptions without really visiting the specialist's office.

Nonetheless, absence of talented staff and satisfactory foundation is relied upon to control development of the worldwide video telemedicine market during the figure time frame. In addition, absence of mindfulness with respect to the innovation in arising economies is relied upon to ruin the worldwide video telemedicine market development sooner rather than later. Among districts, North America is relied upon to observe huge development in the worldwide video telemedicine market during the figure time frame. This is attributable to wide execution of video telemedicine and expanding interest for superfluous happening. Moreover, Asia Pacific is relied upon to enlist a powerful development rate over the figure time frame, inferable from expanding patient pool and medical services professionals in the district.

Key companies operating in the global video telemedicine market are Life-Size Communication Inc., Vidyo Inc., Vermont Tel, Sony Corporation, Huawei Technologies Co Ltd., GlobalMed Inc., Premiere Global Services Inc., and VSee lab Inc.For instance, in November 2020, Vuzix Corporation partnered with VSee lab Inc., a U.S.-based telehealth company to introduce a telehealth and telemedicine smart glasses solution Vuzix Blade Smart Glasses and Vuzix' M300XL.