Packaging Sector Driven By Innovation

The financial development in numerous emerging nations has significantly influenced the progress of quite a lot of sectors, the packaging industry being one of them. The swell in transport undertakings outfitting to a substantial number of industries such as manufacturing, consumer goods, food and beverages, and others rest essentially on sturdy and resilient packaging solutions for extreme safeguard for the products and curtail damage while conveyance. The global packaging market stood at $812 billion in 2014, swelling by 2.8% over 2013. Sales are projected to increase by 3.5% annually by 2020, with sales to reach $997 billion by 2020.

The category of packaging also is determined by the nature of the product. Tough merchandises such as steel auto parts have varied necessities that requisite them to be sheltered from water, corrosion, oxygen, etc. Delicate merchandises such as glassware and ceramics, instead, require multidimensional wrapping to safeguard them from wear and tear. Long distance shipping of merchandises shoots the call for rigid packaging solutions in a quite a number of applications.

Innovative packaging solutions are compulsory for the trade, storage, and distribution of numerous products. Nevertheless, constructing a brand personality and escalating the shelf life of innumerable unpreserved products is also a vital characteristic of packaging. In a latest foremost improvement, Brazil centred agribusiness Agrindus was effective in outspreading the shelf life of fresh milk by evolving an inventive and severe packaging. Milk was packaged in rigid plastic bottles with silver based nanoparticles.

These nanoparticles retain quite a lot of antimicrobial, bactericidal, and self-sterilizing characteristics. This inimitable packaging upholds the first-rate quality of pasteurization of whole milk for 15 days. This is an increase in its previous shelf life of seven days. Being inactive in nature, these silica layered silver based nanoparticles do not create a hazard of coming apart from the packaging and thereby coming in connection with the fresh food, in this instance, the milk. So any harmfulness apprehensions that buyers and food supervisors may have are considered with this ground-breaking packaging.

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Global Eyewear Market To Gain From Increased Demand For Disposable Contact Lenses

The global eyewear market was worth US$ 102.66 billion in 2015 and is predictable to reach US$ 184.03 billion by 2024. The rising population and upsurge in the number of optical disorders are likely to propel the industry in the near future. Moreover, the increasing cognizance amongst people as regards to the prominence of eye check-ups and amplified buying habits are estimated to influence the industry constructively over the forthcoming years.

Disposable lens have gained more acceptance than the reusable contact lenses. Presently, the demand for soft contact lenses, particularly the daily one-use contact lenses is the highest in the US. Constantly varying technology has magnificently altered many industries and even the global eyewear market has profited.

The growing occurrence of myopia amid adults and children owing to genetic and ecological factors has directed to an upsurge in demand for the prescription eyeglasses in the international market. Technical developments and changes in lifestyles are leading to extended exposure to devices like smartphones and tablets triggering stress on eyes and growing the peril of vision problems in the future. The alertness concerning the prominence of suitable eye safety is likely to push and support the sales of such products further in the near future.

Makers of eyewear are concentrating on developing day-to-day disposable contact lenses in accordance with the increasing demand from the consumers. Businesses manufacturing eyewear are benefitting from the developments in the technology. Altering designs, manufacturing tools, materials, and shifting preferences are constantly giving new concepts to the makers to crop up with new designs in eyewear.

Amongst all existing disposable contact lenses, the soft material contact lenses have garnered prominence. Being crafted from soft material, these disposable eyewear devices bid improved ease to the consumers. Disposable contact lenses also offer a chance to the consumers to hand-pick a freshly launched design, thus match their altering fashion requirements. The acceptance of advanced silicon materials and the expanding use of multifocal designs for disposable contact lenses is been snowballing throughout the globe.

The call for contact lenses, comprising spectacles, and corrective eyewear is likely to increase. In addition to contact lenses, the constantly growing usage of luxury sunglasses is also projected to thrust the global eyewear market in the near future. In the coming years, the global eyewear market is estimated to materialize as one of the wildest growing markets in the consumer goods sector.

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Global mHealth Market To Become A Multi-Billion Dollar Industry By 2020

The mHealth market is in its embryonic stage and is projected to produce substantial profits with amassed awareness level and encouraging regulatory guidelines particular to the quality and practicality of mobile-based medical devices. The global mHealth market is projected to touch US$ 49.12 billion by 2020 rising at a CAGR of 47.6% from 2013 to 2020. Monitoring services is expected to grow at an estimated CAGR of 49.7% from 2014 to 2020. Infiltration of mobile phones in healthcare has fashioned a long-term effect on the global health industry.

Mobile health (mHealth) uses mobile information and communication expertise for refining healthcare. It aids in confronting main challenges confronted by the healthcare industry such as supervisory changes, growing request for quality healthcare, constant remote monitoring at home, cumulative inaccuracy rate, and assimilation with current IT systems.

Emergent geriatric population accompanied by increasing occurrences of chronic diseases such as heart ailments, cancer, and diabetes is predicted to propel the market demand for mHealth. Healthcare workers find it easy to provide medical services at reduced costs owing to the launch of new generation connected medical devices. Mounting necessity to uphold a sheltered set-up for data safety and security is projected to detain mobile health market growth. Because of the growing healthcare outlays, affordability and obtainability of healthcare services is estimated to be a challenge to the global mHealth industry.

The global mhealth market is evolving at a significant rate, as a result of growing healthcare cost, amassed demand for patient centric healthcare model, and snowballing occurrence of chronic and lifestyle linked ailments. Furthermore, the increasing call for mhealth technologies, growing use of mobile platforms, tablets and smartphones, swelling deployment of connected medical devices and mhealth applications are also driving the progress of the world-wide mhealth market.

Aspects, such as absence of data security and privacy, and inadequate memory, computational, and energy restrictions are constraining the growth of the universal market. The growing number of alliances and partnerships, mounting number of product introductions and endorsements, and budding demand for cloud technology in healthcare are the significant inclinations witnessed in the global mhealth market.

Motivated by the necessity for reachable healthcare, the Asia Pacific market is anticipated to the firmest growing regional market, at an expected CAGR of 49.1% from 2014 to 2020. Stumpy dispersion of medical experts and rising rural population in Asia Pacific region are projected to open roads for income generation. In addition, North America is likely to hold a significant share in global market over the coming years as a result of growing health projects and high smartphones use.

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Efficacy of Stand-alone Power Sources Drive The Global Distributed Energy Generation Market

The global market for distributed energy generation is expected to magnify at a momentous CAGR of 11.4% between 2016 and 2020. The small-scale generation of electricity, oscillating from a few kilowatts to multitudes of megawatts, is denoted as distributed energy generation. In this process, power is usually produced using renewable resources or by generators during consumption. As these distributed energy generation systems can operate as individual power sources, the call for the same is progressively snowballing throughout the world.

With the launch of smart grids and the extension of power generation resources, the power generation system has witnessed sizable amendments in the past few years. In addition, with global warming emerging as one of the foremost trepidations, quite a few nations are concentrating on the necessity for unpolluted, reasonable, and consistent energy source. This sequentially, compels utilities and energy companies to generate power using low or no carbon fuels, which demand the need for changes in the grid structure. These alterations will affect in growing the intricacies of grid operation and energy corporations will probably implement energy management systems to achieve a better acumen of their power network in the coming years.

The rampant growth of the telecommunication sector due to the upsurge in number of mobile consumers is likely to encourage telecom operators to fit innovative base transceiver stations (BTS). This will result in the installation of base stations in distant places where undependable grid networks demand the use of diesel generators. In the meantime, diesel takes up nearly 40% of the overall operational expenses, telecom operators are eyeing to implementing distributed energy systems such as micro-turbines and solar hybrid power systems.

An upswing in electrification through hybrid decentralized power systems is an additional aspect that is clearly swaying the worldwide market for distributed energy systems. In addition, a transformation in grid structure that permits decentralization of power generation and the necessity for robust grids are boosting the market.

The market is categorized by the existence of various dealers and looks to uneven. Meanwhile the market’s competitive atmosphere is extreme, dealers are presently concentrating on growing their R&D stashes to develop the effectiveness of their products and decrease the per MW charge of micro-turbines. Dealers with an enormous investment and a varied product assortment tailor the needs of numerous industries, while small and regional dealers stress on providing effectual resolutions to particular industrial sectors.

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Global Organic Food Market Makes A Mark in Developed Economies

Buyers throughout the world are becoming more and more health cognizant, which has occasioned in an alteration in their palates and inclinations. The global organic food market was worth US$88.1 billion in 2015 is anticipated to record a CAGR of over 16% between 2015 and 2020. Amongst the various different food products available, the fruits and vegetables segment is the most profitable making for 37% of the market’s value. The fruits and vegetables fragment was worth US$32.6 billion in 2015. The US and Germany are projected to be significant providers to the revenue. The steady economic growth in the US and Germany are likely to drive the organic market in these nations.

Growth in the global organic food market can be accredited to increasing health trepidations amongst consumers and snowballing consciousness regarding health benefits of organic food. Other dynamics driving organic food sales globally include growing income levels, refining standard of living, and government ingenuities designed to encourage extensive acceptance of organic products.

A rising sum of buyers are shifting towards consuming organic food as opposed to conventional food, to elude adversarial health effects triggered by chemical preservers or genetically altered constituents present in inorganic food. Furthermore, the amassed acceptance of organic products has considerably extended the accessibility of organic food throughout the world. With organic food becoming effortlessly available, the global organic food market is estimated to see noteworthy growth over the next few years.

Companies in the global organic food market are concentrating on new product development. With the intention of achieving development in products, makers are capitalizing in research and development. This is facilitating makers to add innovative ingredients and produces to their assortment. This is in the offing to help corporations upsurge their customer pool. Businesses are endeavouring to accomplish global development through partnerships and business associations. These progress stratagems are projected to boost the product portfolio and upturn the market stake of companies. With an amassed number of vegetarians, companies are likely to focus on gaining with the vegetarian market.

The increasing fondness for organic food is a major driving aspect for the global organic food market. Innumerable guidelines by governments that sternly screen and limit the use of additives and components are also assisting the growth of the organic food market. Health conscious buyers are progressively becoming more apprehensive about the injurious effects of additives and chemicals in food and therefore, a hefty number of agriculturalists are shifting from age old farming practices, to yield organic food. However, organic food has little shelf life in comparison with inorganic food as these have artificial preservatives. Another feature hindering the growth of the market is the expensive cost of organic food. Their affordability is restricted to a designated section of consumers.

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Current Trends In The Global Automotive Driver Assistance Systems (ADAS) Market

Automotive advanced driver assistance systems (ADAS) applications are the predecessors to the fully automatic driverless cars that are yet being experimented. The global ADAS Market is anticipated to garner US$ 60.14 billion by 2020, recording a CAGR of 22.8% between 2014 and 2020.

ADAS enables safe driving and cautions the driver if the system senses perils from the nearby objects. Positioning of ADAS in automobiles to augment ease and guarantee safety on road has materialized as one of the key trends. Even though in its early days, the global market for ADAS has registered notable growth. The present market returns, nevertheless, lags in contrast to that of audio and telematics intended for cars. This is because of the fact that some of the most likely ADAS applications are still being advanced or are still to come in the market. In addition, their high prices are also obstructing the market growth.

ADAS offers vibrant features such as parking support, adaptive cruise control, blind spot recognition, sleepiness monitoring, lane departure warning, tire pressure checking and nocturnal vision. The growth of the market is motivated by growing emphasis of buyers on security, the imminent demand for comfort in driving in consort with a rise in government protocols for guaranteeing safety. Nonetheless, dynamics such as valuing pressure, price rise, intricacy and difficulty in testing systems are few of the major challenges of this industry. The foremost inclinations prevalent in the market are deployment of ADAS in low-cost cars, augmented electronic content and electronic integration, and a rise in number of driverless cars.

The European automotive industry is one of the biggest and most advanced automotive markets in the world. With a colossal makeover in the industry, there is fast market dispersion and mass acceptance of ADAS amongst clienteles. There are consistent improvements in the ADAS technology which enable effectiveness in the market. Currently, ADAS comes fixed in high-end cars, but in the upcoming years, with more product improvement, they will be embedded in less expensive cars running on roads too.  Original Equipment Manufacturers and their providers increasingly comprehend the prominence of ADAS as a decisive differentiator for automotive brands, which will in the long run augment their sales.

The development of the ADAS market is at present mired by the increasing frequency of software failures in sensors, as well as the costly pricing of these systems that has worked as a foremost chafing factor for the extensive suitability of these systems. Still, the promptly growing hybrid and electric vehicle market, accompanied by the growth of the self-directed vehicles, will help enhance the ADAS in these vehicles, hence motivating the growth of the market considerably in the next few years.

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Global Methanol Market To Be Driven By Extensive Use in Gasoline and Acetic Acid

The global methanol market has undergone copious changes in the past few years owing to the launch of new application areas, increase of several innovative manufacturing facilities, and ever-changing regional demand. The global methanol market is foreseen to experience reasonable growth in upcoming years. The market is foretold to reach US$145.6 billion by 2024 from a value of US$ 101.4 billion in 2015, growing at a CAGR of 4.20% between 2015 and 2024.

Methanol is used extensively in the automobile industry. Methanol can be combined with gasoline and used in the internal combustion engines of automobiles and airplanes, with similar efficacy to diesel engines. Previously, methanol was also used as an anti-freezing instrument in the car’s cooling system, but then alternatives like propylene or ethylene glycol have taken its place. Nevertheless, it is still prevalent as a windshield water fuel.

Of all the segments in the global methanol market, the segments of acetic acid and formaldehyde are prophesied to experience a sluggish growth in the upcoming years. Formaldehyde held a foremost share of 29.6% in the market in 2015, and was followed by acetic acid. This fragment is employed in the manufacture of particular domestic products and construction materials. Furthermore, it is also used in manufacturing wooden products such as plywood, fiberboards, and particleboards.

Gasoline and DME have also materialized as top favourable sectors in the market and are jointly set to register a CAGR of 4.80% between 2016 and 2024. Among these, while gasoline is consumed as a fuel for internal combustion engines, DME is employed as an automotive fuel in household appliances and electric power generation.

The automotive and construction industries are growing in the emerging economies of Asia-Pacific such as India, China, and the other Southeast Asian nations. With the accumulative usage of methanol in the manufacture of olefins in some major markets, the market is anticipated to grow further. Therefore, the use of methanol is snowballing in various end-use businesses, and is estimated to grow promptly in the next few years. Asia-Pacific is the most approving market for power, chemicals, and fuels and is foreseen to be the same in the forthcoming years. The constant rise in the manufacture of methanol for energy consumption within the area and for trades drives a massive demand for the same.

The budding demand for bio-fuels and the intensifying guidelines including environment-friendly products, measured emission, has led to invention and advances in the industry, making Asia-Pacific a strong methanol derivative and sub-derivative chemicals nucleus globally. The extreme growth and urbanization along with the industry alliances are estimated to determine a positive future for the methanol industry in the region.

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Global Brandy Market To Grow Owing To Rising Distribution Networks

Brandy has become an increasingly popular drink in the past few years, as a result of its approval as a social drink. The increasing need for quality drinks and the mounting acceptance across the world are projected to inspire the growth of the global brandy market. Additionally, the increasing delivery networks internationally and the budding attention of key companies on publicizing activities and publicity campaigns are foreseen to hasten the growth of the global market. On the other hand, the opposition from other alcohols is one of the major challenges in the global brandy market. The global brandy market is predicted to grow at a CAGR of 1.15% during the period of 2016-2020.

A visible trend in this market is the amplified drinking of brandy in Asian economies. The request for indigenous rum in big markets such as India and China is likely to drop and that for brandy and imported rums is slated to upsurge. Brandy sales, in contrast, have gained traction in India and the Philippines. This is apparent in the sales of loads of cases of foremost brandy brands like McDowell’s in India and Emperador in the Philippines. Emperador Deluxe Spanish Edition is a premium brandy imported from Spain, fashioned explicitly to charm the local taste inclinations.

A major market booster is the climbing demand for first-rate drinks. The escalating consumer penchant for top class premium and the growing disposable income are few of the primaries estimated to fire the growth of this segment in the next few years. The global spirits market is ruled by premium and super-premium brands. The Philippines is the second-largest brandy market worldwide. Apart from indigenous brands, imported premium spirits are prevalent here. In addition, Europe is predictable to trail Asia Pacific and see momentous growth in the next few years.

The global brandy market is tremendously scrappy in nature with a huge number of companies operational in it. The market is anticipated to observe an extraordinary level of rivalry, in which the main players are contending on the basis of cost, new product introductions, and state-of-the-art packaging. The escalating numeral of mergers and acquisitions and calculated collaborations is expected to boost the growth of the global market. Quite a few companies are projected to come into the global market in the next few years and make stronger the competitive landscape.

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Global Luxury Apparels Market To Do Well Owing To Numerous International Brands

The global luxury apparels market is fired by the intensifying number of fashion marques and many designers getting wide-ranging clienteles in the form of cost-effective products. The global luxury apparels market was at US$1, 8842.69 million in 2015 and is forecast to reach US$60,793.7 million by the end of 2024. This segment of luxury goods is anticipated to rise at a massive 13.20% CAGR amid 2016 and 2024.

Women are the primary consumers of the market. Owing to the female fetish for fashion, female buyers are predicted to be the primary shoppers in the luxury apparel market. The international luxury apparels market is well-rounded with fabrics like silk, cotton, denim, leather, and others. Of these, cotton was the market leader in 2015 with a share of 35.87%. The prospect for cotton is increasing due to the expediency provided by the fabric in muggy and warm weather in Asia Pacific, the Middle East and Africa. Owing to the breathable nature, high porosity, and cosiness of this fiber, cotton has become a staple in the fashion and clothing industry. Another material that deserves a worth mentioning in the market for luxury apparels is leather. There is a budding demand for this material thanks to its qualities of adjusting to a number of designs, displaying high fashion, and durability. Being expensive has also made it appropriate for the luxury brands. Silk is also slated to gain prominence in the forthcoming years because its grace, suppleness, and smoothness.

Getting mass appeal from a wider consumer base through ecommerce, retailing outlets, and presence in emerging economies are likely to bring the luxury apparel market more revenue. International fashion brands such as Gucci, Versace, Prada, Kiton, have been busy educating the emerging economies about their products. The acceptance of mass production systems has also permitted efficient bonding between a maker and market delivery, thereby boosting the market. In the past luxury was restricted limited garment production, but mass production and strategic partnerships to outsource production has benefited the luxury apparel market. The global luxury apparel market does not come without trials and tasks. The key challenge is the high money outlay to create high-fashion in addition to the expenses involved in erecting a brand and holding keeping up with the name.

Europe is the leader in the global luxury apparel market owing to the snowballing increase of abundant luxury houses and brands in this region. Alternatively, Asia Pacific is foretold to undergo a high growth in the luxury apparels market in next few years. This can be attributed to the augmentation in the living standards of people, the growing disposable incomes and their demand for branded apparels, and the supremacy of various international brands within Asia Pacific.

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Global Health and Wellness Market Boosted By Organic Products and Wearables

Healthcare has constantly been a profitable area where buyers spend belligerently. But now, with increasing disposable earnings amid the city population and ground-breaking approaches and innovative products being developed, the overall health and wellness market is estimated for a healthy prospect.

The health and wellness market is presently very dynamic owing to growing alertness amongst the buyers for healthy and natural products. Edgy lifestyle of the metropolitan population in both developed and emerging markets is stripping the present-day generation of recuperation time and, consequently, the international market for healthy food and wellness is becoming widely popular. Smartphones have currently turned out to be omnipresent products which have steered to the massive permeation of social media and hence the movement for healthy eating and healthy living is incipient. This health and wellness market comprises organic food products, supplementary diets, healthcare devices such as wearables, exercise gears, and practical beverages in addition to wellness programs such as fitness sessions, disease avoidance, smoking termination, alcohol and substance abuse, weight control, nutrition education, and mental health program amid various others.

The global health and wellness market is slated to grow securely at a reasonable CAGR of almost 6% during in the coming years. The growing cost of healthcare amenities and services is one of the major aspects boosting the growth of this market universally. The escalating prices for medical amenities, use of new technology in cure without examining its efficiency, compensation for volume over value, defensive medicine, and an austere lack of information and lucidity on the expenses and quality are few of the crucial ins and outs inciting the growth forecasts of this market in the forthcoming years. With the upsurge in healthcare expenditures, individuals have started concentrating on precautionary healthcare methods to evade costly treatment and medicines if the requisite arises because of health negligence. For instance, the requirement for vitamin supplements has amplified as they aid in thwarting beriberi, scurvy, night blindness, dementia, pellagra, poor immunity, and acne amongst others.

Features like the increasing demand for single-serve functional drinks are to propel the development of this market in the next few years. Single-serve dairy foods have translated into a noticeable part of consumer ease. An overview of single-serve drinks is generating incredible prospects for beverage makers to upsurge their market existence. Furthermore, ready-to-drink (RTD) pick-me-ups can be effortlessly frozen together with water, juices, sodas, and other drinks. Additionally, an amplified buyer demand for healthy and to-go consumption is anticipated to shoot this market’s growth projections by the end of 2020.

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