Automotive Navigation Solutions Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2026

From asking direction from other people to fully automated multifunctional navigation devices, the automotive navigation system market has evolved since inception. Automotive navigation solutions are now the need of the hour, either in the form of mobile devices or as an inbuilt function in vehicles. These systems use satellite navigation device to pinpoint the location of the any user. Not only limited to enabling precise location, automotive navigation solution are now equipped in supplying information about traffic congestion , active construction work and locations of nearby restaurants, hotels, petrol pump, service center, hospital, airport and other location. Amalgamation of telematics, automotive navigation solution is enabling users to reroute mid journey, calcite distance, suggest necessary speed and offer alternate shorter routes to reach the destination.

Automotive Navigation Solutions Market dynamics:

Automotive navigation solutions market volume sales is currently rising owing to sharp increase in demand from commercial heavy vehicles such as bus, trucks. Additionally automotive navigation solutions are now also being adopted for vehicles and machinery with application in mining. The use of automotive navigation solution is expected to increase significantly with the advent of autonomous cars since self-driving automobiles rely on the synchronized interaction of radar, GPS, Lidar, other sensors and technologies to cruise and ensure safe travel. Introduction of voice enabled assist technology in automobile navigation solution market along with integration of mobile application sensors is now gaining credible traction in the automotive navigation solutions market. However, additional cost of automotive navigation device and systems for installing and limited autonomous vehicle market is restraining the automotive navigation solutions market.

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Automotive Navigation Solutions Market segmentation:

Automotive navigation solutions market can be segmented by type of user segments, sales channel, Navigation Modes, Applications in Automotive Navigation Solutions and automobile type.

By type of User Segments, Automotive Navigation Solutions Market can be segmented as:

  • SPS – Standard Position Service
  • PPS – Precise Position Service

By sales channel, Automotive Navigation Solutions Market can be segmented as:

  • Original equipment manufacturer
  • Aftermarket

By Navigation modes, Automotive Navigation Solutions Market can be segmented as:

  • 3D Navigation
  • 2D Navigation
  • DGPS – (Differential Correction is available through the auxiliary Serial Ports)

By Applications in Automobiles, Automotive Navigation Solutions Market can be segmented as:

  • Car Navigations
  • Dynamic Vehicle Routing
  • Tracking Rental Cars
  • Monitoring High Risk Auto Loans

By Automobile type, Automotive Navigation Solutions Market can be segmented as:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Automotive Navigation Solutions: Regional Outlook:

Automotive Navigation Solutions Market can be segmented into different geographical regions such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding, Japan (APEJ), Japan, Middle East and Africa. Owing to sustainable automotive car and automotive spare sales North America, Western Europe, AEPJ and Japan are key markets for the automotive navigation solutions market. With relatively maturity attained in automotive sales in region of US and Germany, strong after sales service and product are anticipated to fuel the demand for the automotive navigation solutions market in these regions. Increasing vehicle density in Eastern Europe and APEJ is creating strong opportunities for automotive navigation solutions market participants. To address the increasing traffic congestion and efficiently manage traffic, the demand for automotive navigation solutions is escalating in economies such as Russia, Japan, India and China. Likewise key automotive navigation solutions market in Middle East & Africa and Latin America such as Brazil, Argentina, South Africa and Egypt among other countries that are expected to represent high potential markets during the forecast period owing to increasing automotive sales in the regions.

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Automotive Navigation Solutions: Key Players

The automotive navigation solution market is fragmented with a special concentration of players and participant from North America and Europe. However the automotive navigation solution market is expanding, and with increasing traction of the technology, the emergence of new participants from APEJ, ASEAN and Japan is anticipated. Some of the key players identified in the automotive navigation solution market among other participants are

  • NNG Software Developing and Commercial LLC
  • Telenav, Inc.
  • Pioneer Corporation
  • Alpine Electronics
  • Kenwood Corporation
  • Navis-AMS
  • DENSO
  • Mitsubishi
  • Harman International Industries
  • Panasonic Corporation
  • TomTom International BV

Asia Pacific Excluding Japan (APEJ) to Reflect High Market Attractiveness Spurring the Adoption of Temperature Controlled Pharmaceutical Containers During 2017-2026

Extensive research report on “Temperature Controlled Pharmaceutical Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)” by Future Market Insights unveils several vital insights on the global market for temperature controlled pharmaceutical containers.

The research study includes impact analysis of various drivers and trends along with restraints and opportunities that have an influence on the growth of the global temperature controlled pharmaceutical containers market. It also covers intelligence on key players operating in the market that can support upcoming businesses to gain hold in the global market in the coming years. In addition, the reader can gain high level insights with the actionable intelligence provided in this research report that can support the reader in slating and implementing new strategies to gain an edge over the competition in the changing dynamics of the global temperature controlled pharmaceutical containers market.

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The research report covers analysis on the application areas of temperature controlled pharmaceutical containers along with the market scenario of various form types and content types.

The research study offers historical data analysis, along with current market data as well as future market projections for a period of nine years, from 2017 till 2026. As per the analysis done in this research report, the global market for temperature controlled pharmaceutical containers is projected to expand at a exponential CAGR of 10.5% throughout the period of assessment to reach a valuation of more than US$ 7 Bn by the end of the year of forecast (2026).

Key Insights on Global Temperature Controlled Pharmaceutical Containers Market

The global market for temperature controlled pharmaceutical containers is segmented on the basis of control type, form type, application, content type and region.

  • In the region category, Asia Pacific excluding Japan (APEJ) is the most lucrative region for the growth of the temperature controlled pharmaceutical containers market. This region is marked with increasing developments in the pharmaceutical sector that has pushed the sales of temperature controlled pharmaceutical containers in APEJ. The temperature controlled pharmaceutical containers market in APEJ is estimated to touch a valuation of more than US$ 2,400 Mn by the end of the year of assessment, thus dominating the global market in the coming years. Europe region is the second most attractive region contributing to the growth of the global temperature controlled pharmaceutical containers market
  • By control type, both active and passive temperature controlled pharmaceutical containers are expected to witness similar adoption rate in the coming years across the globe, passive type temperature controlled pharmaceutical containers being a shade higher than the active ones. However, active temperature controlled pharmaceutical containers are estimate to lead the global market with a high market valuation by the end of the year of assessment (2026)
  • In the form type category, chest style segment is the largest with high market value as well as expected to grow at a relatively high rate during the forecast period. This segment is the most lucrative and is expected to witness increased adoption for pharmaceutical packaging in the years to follow
  • By application, chilled segment is expected to surpass other segments with a high market share and CAGR. This segment is projected to expand at a value CAGR of 12.4% during the period of forecast
  • With respect to content type, the vaccines /drugs and genetic material largely require temperature controlled pharmaceutical containers. These segments are expected to highly contribute to the revenue sales of temperature controlled pharmaceutical containers during the assessment period. Of these, the genetic material segment is poised to slate the highest CAGR

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Global Market for Temperature Controlled Pharmaceutical Containers: Competition Dashboard

The research report on global temperature controlled pharmaceutical containers market has included profiles of various key players operating in the market. Their detailed scrutiny with respect to product synopsis, development and innovation along with expansion strategies and SWOT analysis has been covered in this research report. Key players such as Xinapse Systems Ltd., Toshiba Medical Systems Corporation, Siemens Healthineers, Sciencesoft USA Corporation, ACH Foam Technologies LLC, American Aerogel Corporation, Inmark Packaging, va-Q-tec AG, Envirotainer Ltd., Cold Chain Technologies, Cryopak, Sofrigam SA Ltd., Pelican Biothermal and Sonoco Products Company have been included in this research study.

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The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

High Barrier Packaging Films for Pharmaceuticals Market Set for 5% CAGR Through 2029; Blisters Remain Top Application Area, Says a New FMI Report

Strongly buoyed by the expansion of pharmaceutical industry across the key economies, global market for high barrier packaging films for pharmaceuticals will witness a promising 5% CAGR during 2019 – 2029. The market is projected to especially flourish in China, India, and Mexico, as suggested by a new Future Market Insights (FMI) study. Advances in packaging technologies further foster the growth outlook of market.

High barrier packaging films are predominantly used in the pharmaceutical sector to pack and store a vast variety of medicines, owing to its superior oxygen and moisture barrier attributes. The FMI report highlights striking demand growth in bags, pouches and blisters categories, which assure high protection of pharmaceutical products.

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The growth outlook for the high barrier packaging films for pharmaceutical sector seems promising, owing to its excellent flexibility, longer shelf life and higher oxygen & moisture barrier characteristics. Furthermore, highly potential economies such as China and India are projected to offer lucrative opportunities to the manufactures as the demand for pharmaceuticals packaging solutions in these countries surges.

Key Takeaways from High Barrier Packaging Films for Pharmaceuticals Market Study

  • Application of high barrier packaging films in blisters is increasing at an exceptional rate, attributing to their unit dosing feature. They also provide high protection from contamination.
  • Leading packaging manufacturers operating in high barrier packaging films for pharmaceutical market are preferring plastic materials such as polypropylene (PP), polyvinyl chloride (PVC) and polyamide (PA) to design and manufacture high barrier packaging films.
  • East Asia and South Asia are set for a solid growth outlook in the high barrier packaging films for pharmaceuticals market, as key economies such as China and India are producing and exporting pharmaceutical drugs on a significant scale.
high barrier packaging films for pharmaceuticals market share by region

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Manufacturers Focus on Incorporation of Advanced Packaging Technologies

Flexible packaging manufacturers that cater to pharmaceutical companies are increasingly offering high-performance films that provide custom barrier properties for different types of pharmaceutical products in order to enhance their shelf-life. Generally, premium pharmaceutical products must be kept in specific environmental conditions to prevent product quality from deterioration.

Modified atmosphere packaging (MAP) or controlled atmosphere packaging (CAP), the emerging packaging technology advances, maintain the particular atmosphere inside product packages. High barrier packaging films with modified atmosphere packaging (MAP) and controlled atmosphere packaging (CAP) properties maintain the internal environment of the package and maximize the shelf life of the product. The increasing demand for MAP and CAP from pharmaceutical companies will create an influx of opportunities for manufacturers over the forecast period.

About High Barrier Packaging Films for Pharmaceuticals Market Report

In its new report, FMI offers an unbiased analysis of the global high barrier packaging films for pharmaceuticals market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The report provides growth projections on the high barrier packaging films for pharmaceuticals market on the basis of product type (cold-formable films, coextruded films and thermo-formable films) material (aluminium and plastics) and application (bags & pouches and blisters), across seven major regions. Furthermore, the scope of the report focuses on high barrier packaging films for pharmaceuticals consume in the packaging industry.

For additional insights on how the growth of market will unfold over the course of projection, write to press@futuremarketinsights.com

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Marine Propulsion Engine Market Emerging Growth Analysis, Future Demand and Business Opportunities 2027

Marine propulsion is the system or mechanism used to generate thrust that allows a small boat or even a ship to move across waterways. Modern ships are usually equipped with mechanical systems consisting of an electric motor turning a propeller, or even pump-jets or an impeller. These ships employ reciprocating engines as their main source of power because of their robustness, operational simplicity and lower emissions. The power required by a ship largely depends on the way it is used during regular operations – for e.g. – A passenger ship requires less power than either a trade or naval ship. The marine propulsion engine market serves offshore support vessels, commercial vessels, inland waterway vessels, submarines and more.

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Focus on renewable energy fuelling the marine propulsion engine market

A growing need for dependent and fuel-efficient ships is anticipated to be the main driver of the marine propulsion engine market. There has been rapid innovation in the industry that has led to the development of new high-performance engines that are more fuel-efficient than their predecessors. Leading companies in the marine propulsion engine market are continuously innovating and extending their product offerings to handle the growing demand for greater capacity handling. This is mainly due to a rise in international seaborne trade caused by a globalised world with heavy interdependence and interconnectivity.

The second major factor that is likely to impact the marine propulsion engine market is the focus on renewable energy sources. Global warming and an impending energy crisis are some of the biggest challenges faced by the world in the 21st century. Commercial and transport ships notorious for causing a lot of pollution and accidental oil spills not only damage the regional natural ecosystem but also negatively impact the company’s goodwill and market image. That is why energy sources such as solar energy, wind energy, electric energy and hydroelectric energy are becoming more important than ever before. The development of electric motors that can power ships and reduce fossil fuel consumption will definitely have a positive impact on the marine propulsion engine market. The depletion of shale gas and conventional reserves will increase the demand for LNG, particularly as a marine fuel.

Regulatory hurdles – the biggest challenge to the marine propulsion engine market

Uncontrollable CO2 emissions from conventional engine systems have led to the implementation of stringent environmental regulations and various taxes such as carbon tax to help reduce the impact of climate change. The marine pollution convention (MARPOL) regulations help prevent sewage, oil and chemical spill contamination along with air pollution caused by marine propulsion engine exhaust fumes. Non-adherence to these governmental rules and regulations may lead to severe penalties running into billions of dollars. This can stifle the growth of the marine propulsion engine market particularly as smaller domestic companies may not be able to comply.

Asia Pacific is the key marine propulsion engine market to watch

Asia Pacific accounts for a major portion of the marine propulsion engine market and is anticipated to maintain its dominance throughout the forecast period. This is primarily because of key nations China, Japan and South Korea that have become manufacturing powerhouses heavily dependent on external trade. China is already the world’s largest exporter and would naturally require a greater number of commercial ships, thus having a positive impact on the demand for marine propulsion engines. In addition to trade, countries across the world have begun beefing up their navies to combat ocean piracy. Asian navies, in particular, are rapidly building their defence capabilities and this should increase the size of the marine propulsion engine market across the Asia Pacific region.

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Marine propulsion engine market: key players

Some of the key players in the marine propulsion engine market are Caterpillar, Hyundai Heavy Industries Co. Ltd., General Electric Company, and Masson Marine.

Steel is the Most Popular Material Type in the Global Industrial Pails Market

Pails are a type of cylindrical containers that are usually made up of plastic or metal and are used in the storage of liquid or semi-liquid industrial products. There are various factors that are contributing to the expansion of global industrial pails market.

A major factor is the rapid growth of the chemical and pharmaceutical industries. Manufacturers in such industries want packaging solutions that are light in weight, are cost effective and also durable and strong for their bulk liquid packaging requirements. Due to this reason, industrial pails find significant applications in the chemical and pharmaceutical industries. In addition, there is a growing demand for paints, adhesives and coatings all across the world and this is another factor driving the market growth.

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The global industrial pails market is slated to reach a valuation of nearly US$ 9,300 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast.

4 Forecast Highlights on Global Industrial Pails Market

  • As per the forecast of Future Market Insights, the low density polyethylene material type segment is slated to touch a value of nearly US$ 650 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2017-2026. The low density polyethylene material type segment was estimated to account for nearly one-tenth of the revenue share of the material type category by the year 2017 and is expected to lose in market share by the year 2026 end.
  • As per the assessment of Future Market Insights, the 3 Gal capacity segment will reach a valuation of nearly US$ 1,050 Mn in the year 2026. This represents a moderate CAGR growth during the period of assessment. The 3 Gal capacity segment was estimated to account for more than one-tenth of the revenue share of the capacity category in the year 2017 and is expected to lose market share by the end of the year 2026.
  • As per the estimates of Future Market Insights, the agriculture segment is slated to reach a valuation of nearly US$ 310 Mn in 2026. The agriculture segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the agriculture segment.
  • Future Market Insights forecasts the US industrial pails market to grow from nearly US$ 1,200 Mn in 2017 to US$ 1,700 Mn in 2026. This represents a compound annual growth rate (CAGR) of 3.9% from 2017 to 2026.

Competition Landscape

The report has also profiled leading players in the global market for industrial pails, which will remain active through 2026. These include companies such as FDL Packaging Group, Grief Inc., Balmer Lawrie & Co. Ltd, SCHÜTZ GmbH & Co., Sonoco, Orora Packaging Australia Pty Ltd, Mauser Group B.V., Fibrestar Drums Ltd, Delta Containers Direct Limited and Industrial Container Services.

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About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

However, the fluctuating prices of raw materials for the manufacturing of industrial pails are restraining the growth of the global industrial pails market. Besides, there are growing applications of industrial pails in the food and beverage, construction and mining industries, which are providing new opportunities for the global industrial pails market.

Transit Packaging Market expected to reach US$ 200,000 Mn & 5.5% CAGR through 2021-2026

A new research report of Future Market Insights has slated an above-average expansion for the global transit packaging market through the forecast period (2017-2026). Revenues from the market are poised to surpass US$ 200,000 Mn by 2026-end.

global transit packaging market
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Ecommerce Fulfillment Hubs Aggressive in Development & Implementation of Automation Systems in Warehouse & Logistics

Traditionally, material handling, shipping, and warehousing operations associated with transit packaging have been labor-intensive, burdening personnel costs and potential for injury, accident, and product damage. Currently, there is huge emphasis on accommodating human operators and human-operated equipment in the warehouse layout and design, which in turn will lead to optimum utilization of warehouse space and overhead volume.

There has been a rise in the incorporation of stock-picking robots and robotic forklifts that require relatively narrower aisles than the human-operated machines, thereby enabling safe manipulation of taller shelves, racks and pallet stacks. Ecommerce fulfillment hubs have become more aggressive in the development and implementation of automation systems in warehouse and logistics, which in turn is expected to reshape the market for transit packaging in the near future.

Surging trade activities coupled with robust demand for packaging from various end-use industries are driving complications in transit packaging management. This has further led toward the introduction and high adoption of the efficient fleet management systems for facilitating management of tracking & cleaning containers, maintenance activities, and fleet sizes, in order to deliver safe and efficient transportation of goods.

Soaring emphasis on the product safety during transportation has fuelled adoption of corrugated boxes, as they facilitate the process of recycling and are more sustainable for the environment. The environmental issues play a fundamental role in selection, business practices, and product design of transit packaging.

Prominent retailers currently demand for less wasteful and more efficient transit packaging solutions, with their motivation for using “greener” packaging materials rowing in tandem with the environmental sensitivities of players driving the market for transit packaging globally.

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Key Research Findings from the Report

  • Europe will account for the lion’s share of the market by 2026-end, succeeded by North America and Asia-Pacific excluding Japan (APEJ). Revenues from transit packaging market in Europe and APEJ are expected to increase relative faster through 2026. In addition, revenues from the market in North America and Latin America are projected to witness a parallel increase through 2026.
  • Polyurethane and paper & paperboard are expected to retain their position of being fastest growing packaging materials in the global transit packaging market. In contrast, sales of polyethylene and ethylene vinyl alcohol are expected to grow in parallel at the lowest CAGR through 2026.
  • On the basis of packaging type, cartons and containers are expected to lead the global transit packaging market, in terms of revenues. However, sales of wooden crates are poised to reflect a comparatively faster expansion through 2026.
  • Pharmaceuticals and third party logistics will prevail as fast-growing end use industries of transit packaging, with revenues collectively estimated to reach approximately US$ 55,000 Mn by 2026-end.

Occupancy of numerous local, regional, and multinational players has made nature of global transit packaging market fragmented, wherein regional players are increasingly competing against international players via provision of various innovative solutions at relatively lower prices.

International players are likely to retain their dominance in terms of quality, range of offerings, features, and cost. Wide scope for innovation is being highly sought-after by the market vendors, owing to surging demand from the food, fertilizer, pharmaceutical, and chemical industries.

An inorganic expansion is estimated for international players in the market through acquisition of local or regional players in the near future. FMI’s report identifies key players driving the market growth, which include Yinghua Plastic Products Co., Mondi Group PLC, Honeycomb Cellpack A/S, Deufol SE, Papier-Mettler KG, BEUMER Group GmbH & Co. KG, International Paper Co., Nefab AB, Eltete TPM Ltd, and SGS SA.

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Market Taxonomy

A segmentation analysis delivered in the report submits insights on the global market for transit packaging. The market is characterized based on end use industries, packaging type, material type, and region.

Analyses on the Y-o-Y growth comparison, market share comparison, and the revenue comparison in accordance with relevant market numbers has been delivered in this chapter. The global market for transit packaging has been divided regionally into Asia-Pacific excluding Japan, Europe, Middle East & Africa, Japan, Latin America, and North America.

 

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Material Type

  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyvinyl Chloride
  • Ethylene vinyl alcohol
  • Polyurethane
  • Paper & Paperboard
  • Metal
  • Wood

Packaging Type

  • Cartons
  • Wooden crates
  • Containers
  • Corrugated boxes
  • Barrels
  • Intermediate Bulk Containers
  • Strapping
  • Other Packaging Type

End Use Industries

  • E-Commerce
  • Automotive
  • Building & Construction
  • Chemicals
  • Food & Beverages
  • Electrical & Electronics
  • Industrial Machinery and Equipment
  • Pharmaceuticals
  • Third Party Logistics
  • Consumer Goods

Metal to Remain the Most Lucrative Material Type and Witness High Demand in the Global Folding IBCs Market During 2022 – 2028

Global Folding IBCs Market: Overview

Flexible intermediate bulk container (IBC) is a reusable industrial container designed for the transport and storage of bulk liquid and granulated substances, such as chemicals, food ingredients, solvents, pharmaceuticals, etc. A new research report by Future Market Insights, titled ‘Folding IBCs Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’ is a crystal clear overview of the global folding IBCs market during the forecast period. The report includes all the crucial details of the market dynamics and the trends prevailing in the industry.

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According to this comprehensive research report, the global folding IBCs market is expected to witness a rise in the demand for its products. Several advantages of folding IBCs is attracting many businesses and manufacturers. The folding IBCs are space efficient and are specially designed to improve handling, produce savings and also to address environmental issues for all hazardous and non-hazardous liquids.

The sides of folding IBCs can be folded inward when the unit is empty allowing the IBC to collapse into a much smaller package for return shipment or storage. Almost all rigid folding IBCs are designed in such a manner so that they can be stacked vertically one atop the other using a forklift.

The smooth interior and exterior surfaces of the folding IBCs reduce the opportunities for product contamination and allow for easy container cleaning. The market forecast depicts that the global folding IBCs market is expected to grow at a CAGR of 4.8% during the forecast period, reaching a market size of over US$ 520 Mn by the end of 2027.

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Global Folding IBCs Market: Segmental Analysis

  • Based on material, plastic material leads in terms of market size, with an expected market size of over US$ 430 Mn by the end of 2028. However, metal material for folding IBCs is expected to witness faster demand in the coming years. Metal is expected to lead in terms of CAGR with 5.1% during the forecast period.
  • On the basis of capacity, 500-1000 L capacity has the highest expected market share US$ 240 Mn by the end of 2027. In terms of CAGR, 1000-1500 L dominates the global market.
  • Based on packaging content, liquid segment is way ahead solid and semi-solids segment with a market share of over US$ 400 Mn by the end of 2028. However, solid and semi-solid segment is expected to reflect a higher growth rate of over 5.1% during the forecast period.
  • Among the various application areas of folding IBCs automotive and mechanical part is expected to witness the fastest growth during the forecast period. However, chemicals segment is the dominating segment in terms of market size and is also not much behind mechanical segment in terms of growth rate.
  • Based on region, APEJ is expected to reflect highest market share among all the major regions, with the highest demand for Folding IBCs by the end of the year of assessment

Global Folding IBCs Market: Competitive Landscape

There are a lot of companies in the global folding IBCs market that are considered to be great performers and also the key players of the market. Some of these key players that are mentioned in the report are Finncont Oy, Bulk Handling Australia Group Pty Ltd, A. R. Arena Products Inc., TranPak Inc., Brambles Group, ORBIS Corp., Dalian CIMC Logistics Equipment Co., Ltd., TPS Rental Systems Ltd, Loscam Ltd., Milford IBC, RPP Containers etc.

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About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can he

APEJ expects to be the fastest growing regional market for confectionery packaging over the next decade

Future Market Insights has  published a new report titled ‘Confectionery Packaging Market:  Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027′  studying the performance of the  global Confectionery Packaging Market . The report presents value and volume forecasts of the global Confectionery Packaging market for a 10-year evaluation period from 2017 to 2027 and provides important insights into factors driving market growth and factors limiting market growth. 

According to an assessment by Future Market Insights, the global Confectionery Packaging market was valued at nearly US$9,200Mn in 2017 and is expected to reach a value of nearly US$13,200Mn by 2027, at a CAGR in the course of the forecast period 2017-2027. 3.7%.

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Anthropomorphic packaging to harness consumer appeal to pop culture characters driving market trends in North America

By incorporating the anthropomorphic designs of attractive and popular characters into their packaging, confectionery and candy brands have been able to attract children and fans of these popular characters. Creating candy packs in the shape of fictitious characters allows marketers to take advantage of the rise in popularity of these fictitious characters to convince fans to buy candy. 

The trend of anthropomorphic packaging is widespread in the market, with significant adoption of pop culture such as cartoons, action and adventure films, and other famous fictional characters. Domestic and international manufacturers of confectionery products regularly develop their products in the form of trend characters and develop sauce packaging tailored to the form of such products. developing,

Global Confectionery Packaging Market: Segmentation and Forecast

The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging type, and region.

  • By Confectionery Type, the  Chocolate Confectionery segment was valued at nearly US$4,100Mn in 2017 and is expected to reach a value of nearly US$6,100Mn in 2027, representing a CAGR of 4.1% during the valuation period. 2027.
  • By material type, the  metals segment was valued at nearly US$660 million in 2017. The plastic segment is expected to remain the most attractive material type during the forecast period owing to barrier properties such as moisture resistance. Packaging of sweets such as chocolate and gum.
  • By packaging  type, the flexible packaging segment was valued at nearly US$4,800Mn in 2017 and is projected to grow at a rate of 4.3% during the evaluation period.
  • By region, the  Western European Confectionery Packaging market is expected to reach a value of $3160 million in 2027, exhibiting a CAGR of 2.3% during the forecast period.

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Global Confectionery Packaging Market: Competitive Landscape

The report has outlined the key players operating in the global Confectionery Packaging market, including players such as Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., and Berry Global. , Inc., Huhtamaki Oyj, Mondi Group, DS Smith Plc., International Paper Company, Sonoco Products Company, WestRock Company, Clondalkin Group Holdings BV, Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.

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About Future Market Insights Packaging

FMI’s Packaging Division provides  in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help

Aerospace Fasteners Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2026

Fasteners are the hardware components which are used to mechanically join two or more objects together. In the same context, aerospace fasteners are special grade hardware devices, used to connect parts of aircraft during original equipment manufacturing and aftermarket servicing. Aerospace fasteners are broadly used in commercial aircraft, military aircraft, ballistic missiles, rockets and satellites. Aerospace fasteners are made under strict regulations and standards so as to withstand high fatigue loading and drastic temperature changes. Manufacturers are focused to introduce aerospace fasteners with light weight and high strength metallurgical structure in order to provide increased life and reliability rate along with enhanced fuel efficiency of the aircraft.

The number of fasteners required in a typical aircraft could reach to millions in the form of nuts, bolts, pins, rivets, washers, etc. Growing defense and space exploration activities are contributing significantly to the growth of aerospace fasteners market. Commercial civil aviation industry, owing to increase in number of passengers travelling by air route, is growing at an unprecedented annual rate, creating significant demand for commercial aircrafts. This, in turn, is expected to push market growth of global aerospace fasteners market over the forecast period of 2016-2024.

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Aerospace Fasteners Market: Dynamics

The civil aviation industry is on the rise and competition among major airline companies has intensified. Unlike during the past, air traveling has no longer remained a luxury and more people are preferring air mode of transportation. Governments across the world are solidifying their air defense and strong demand for aircrafts exists both in commercial and military aircraft segments. With growing overall aircraft demand, market for aerospace fasteners is expected to witness significant growth over the forecast period. Upgraded technology and invention of more sophisticated and reliable materials are further anticipated to boost up the aerospace fasteners market from supply side. Moreover, replacement of aging aircrafts with Next-Gen aircrafts is another factor fueling up aerospace fasteners market globally. Whereas, high production cost, less availability of high grade materials and unexpected failure of fasteners are some of the major challenges existing in global aerospace fasteners market.

Major aerospace fastener companies are involved in business development strategies like merger & acquisition in order to spread their reach in targeted nations. Providing high quality and cost effective aerospace fasteners in stipulated time is another key strategy followed by key manufacturers to gain market position.

Aerospace Fasteners Market: Segmentation

The global aerospace fasteners market is segmented on the basis of aerospace application, type of fixing, product type, materials and head type. On the basis of application, aerospace fasteners market can be segmented as commercial aerospace and military aerospace. On the basis of product type, aerospace fasteners market can be segmented as pins, bolts, studs, screw and rivets. On the basis of material, aerospace fasteners market can be segmented as aluminum, steel, super alloys and titanium. On the basis of head type aerospace fasteners can be segmented as 12 points (Double Hex), 6 lobe recess, Dee, Rectangular, Screw, and others. Based on type of fixing, the market can be segmented as permanent fixing and temporary fixing.

Aerospace Fasteners Market: Region-wise Outlook

The global aerospace fasteners market is segmented into five key regions, namely North America, Latin America, Middle East & Africa, Asia-Pacific and Europe. Europe and United States with developed aerospace industry represent leading regional markets, capturing a substantial share in the global aerospace fasteners market. Developing infrastructure and generous strategies of governments in Asia-Pacific is expected to gain high market growth over the coming years.

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Aerospace Fasteners Market: Key Players
Major players in the global aerospace fasteners market include 3V Fasteners Company Inc., Alcoa Fastening Systems, TriMas Corporation (Allfast), B&B Specialties Inc., B/E Aerospace, Stanley Engineered Fasteners (Emhart Teknologies LLC), LISI Aerospace, National Aerospace Fasteners Corporation, Precision Castparts Corp., TFI Aerospace Corporation, TPS Aviation Inc., etc.

Tissue Paper Converting Machines Market Study: Demand Bolstered by Ascending Sales of Compact and High-end Tissue Paper Products

Worldwide sales of tissue paper converting machines reached ~3 thousand units in 2018, unveils the new research study by Future Market Insight (FMI). According to the report, the tissue paper converting machines market is estimated to grow by ~5% YOY in 2019, primarily influenced by recent technologies for enhancing tissue paper formats. According to FMI’s report, increasing focus on strength, printing and embossing quality, and production cost-effectiveness of tissue paper is contributing to the build-up of tissue paper converting machines market through 2027.

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In 2018, Gambini launched AirMill, the innovative technology that enhances the embossing technology and transformed the conventional tissue paper into increasing volume and good absorbency without compromising its tensile strength. Consumer proclivity for soft and high absorption quality tissue paper, combined with good strength and compact format, will also continue to provide a fillip to the sales of tissue paper converting machines in 2019 and beyond.

Companies Investing Heavily in Capacity Expansion of Tissue Paper Products

As per FMI analysis, the consumption of tissue paper in last three years has rapidly increased owing to the growing concern around hygiene maintenance. As tissue paper is used for one time only, it helps to prevent chronic disease spread. This creates a huge opportunity for tissue paper key players. The tissue paper manufacturers have started investing in capacity expansion and quality management.

On 27 November 2018, Cascade Inc. invested US$ 58 million to modernize tissue converting capacity at its Wagram, NC plant. In 2018, Metsa Tissue, replaced its old machines with an increased capacity machine having production capacity of 10,000 Tones. In order to deal with the growing demand of tissue paper in West European region, the company started new away-from-home, converting lines at its Germany plant.

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Implementation of Hybrid Technology in Industries Creating New Opportunities

In order to deal with market competition, key players are laying maximum focus on developing innovative and integrated technologies of tissue paper converting machines. In 2018, Gambini S.p.A. one of the leading manufacturers of converting machineries, introduced Gambini for You (G4U) – Pilot Line along with the strategic partner AirMil. This consists of a pilot line from the unwinders to the log saw with the format 2.8m and speed up to 550 m/min. Moreover, Fabio Perini S.p.A. recently launched MyPerini, a complete range of converting and packaging line for tissue papers.

Toilet Roll Converting Machine Lines Gaining More Traction

As per FMI’s study, the demand for toilet roll converting line is dominating the global market of tissue paper converting machines. The key players can skip the use of rewinding of logs using advanced toilet tissue paper converting lines. It is witness that the demand for toilet tissue paper is growing significantly in Asia Pacific and North American regions. As per the report, the global sales of toilet roll converting machines poised to reach ~2 thousand units in 2019. Following this, the demand for kitchen roll converting machines is estimated to shoot up by the end of 2027, as the European consumers have a higher demand for kitchen tissue paper in consumer and hospitality sectors.

The modern converting machines maintains the embossing and printing quality during tissue paper formatting. The sales of folded tissue paper converting machine lines will continue to remain less, reveals the FMI study. Owing to an increasing preference of pocket tissue papers, the demand for paper napkin converting machines is expected to be bearish during 2019-2027. The market share for standalone machines will remain constant due to increasing preference of integrated technology based machineries.

This study underlines key opportunities in the tissue paper converting machines market and finds that the market would exhibit growth at a value CAGR of ~5% during forecast period, 2019-2027. For in-depth information on tissue paper converting machines market, write in to the analyst at media@futuremarketinsights.com

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help