China to Reflect Maximum Automotive Exhaust Manifold Manufacturing Possibilities—FMI Study

An automotive exhaust manifold plays a crucial role in automotive engineering that is designed to collect exhaust gases from multiple cylinders into a single pipe. Driven by a primary goal of reducing flow resistance, automotive exhaust manifolds are being developed with next-gen engineering advancements to further contribute to increasing the efficiency of the automotive engine.

Moreover, the adoption of advanced technology and the right choice of material in the automotive exhaust manifold production are increasing the load capacity, improving corrosion-resistance and resistance to high-temperature, and enhancing the strength of automotive exhaust manifold. With these enhancements, the automotive exhaust manifold provides better productivity that is expected to contribute to the growth of the overall automotive exhaust manifold market. The recently published research report on automotive exhaust manifold market by Future Market Insights projects that global automotive exhaust manifold market is expected to reflect promising growth with a significant market share of over US$ 8.6 billion, in 2019.

Key Players to Extend Capabilities in Lucrative Markets

The leading automotive exhaust manifold providers are catering to the changing consumer needs with the adoption of new technologies that boost the overall performance of the automotive vehicles. Furthermore, the companies operating in the automotive exhaust manifold landscape aim at harvesting the potential of the most promising regions with respect to the demand for automotive exhaust manifold systems. The APEJ region is amongst the most considerable markets for automotive exhaust manifold which is expected to be valued at nearly US$ 3 billion, in 2019.

China to reflect Significant Opportunities for Automotive Exhaust Manifold Providers

Leading manufacturers of automotive exhaust manifold are not only boosting their market presence with substantial developments in their product portfolio but are also making investments in promising economies avenues. Amongst the most significant markets in APEJ, the Chinese market is expected to witness substantial adoption of the automotive exhaust manifold, owing to which the market is China is expected to be valued at over US$ 2 billion in the year 2019. Manufacturers are joining forces with established companies in China, to expand their market presence in the Asia-Pacific region.

BENTELER Automotive, a leading manufacturer of automotive exhaust manifold recently entered into a joint venture partnership with the subsidiary arm of First Automotive Works (FAW) Group, which is a China-state owned firm, the FAWAY Automobile Components Co. This joint venture will result in the formation of a company named FAWAY BENTELER Automotive Components (Tianjin) Co., Ltd. With this new investment, BENTELER would be able to cater local consumer demands and further strengthen its market footprint in the growing Asia-Pacific landscape.

Similar investments were made by another automotive exhaust manifold producer, Eberspaecher Exhaust Technology International GmbH, who entered into a joint venture agreement with China Yuchai International Limited, to form a new firm called Eberspaecher Yuchai Exhaust Technology Co. Ltd. that would focus on production and sale of exhaust emission control systems, which would be used in commercial vehicles of China.

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Sustainability through Recycling and Reuse Drives Demand for Steel Drums

Steel drums find extensive application in the transport and storage of various types of materials including coatings, chemicals, oil, and paint among others. The key influencer that is propelling the market for steel drums is the scope of recycling and reconditioning of steel for reuse. As a result, sustainability and cost efficiency are key aspects of the business.

Steel drums are manufactured through the process of forming steel rolls, which are welded, coated, and painted. High scope for recycling, space utilization, and superlative performance in different temperatures are key factors that drive the usage of steel drums over alternatives made of plastic or fiber.

As per a recent study by Future Market Insights on the global steel drums market, rapid growth is anticipated, particularly in emerging economies, attributed to the growing use of steel drums in chemical and solvent production sectors, including the development of products such as dyes and glues, among other solvents.

Eco-Friendly Benefits Boosts the Use of Steel Drums

Steel containers are often recycled or reused, owing to favorable material properties that greatly increase savings in monetary costs of transport and storage in addition to environmental sustainability. Moreover, steel can be recycled numerous times, without compromising on the strength and performance of the source materials, which enables the secure transportation of products through the different stages of a supply chain.

Currently, a very large portion of steel products including steel drums, automobiles, and consumer appliances are manufactured with the use of recycled steel. This is particularly true in developed countries, where approximately 70 million tons of steel is recycled in the US every year. Similarly, Japanese businesses reused nearly 60% of all steel drums every year. Countries from the European Union have set 80% target for recycling steel, by the end of 2030.

Reconditioning and Safety Innovations in Steel Drums Trend

Growing concerns over environmental pollution, has resulted in increasing recycling activity and safe disposal of packaging containers that have resulted in the imposition of new rules and regulations that make it compulsory for companies to set up recovery processes for any packaging products that they may use.

On the other hand, the re-use of steel drums, with the residues of older materials can result in cross-contamination, which has led to the rise in the popularity of reconditioning services. Procedures such as washing, rebottling, drying, furnace oxidation, and reinforcement are carried out on the used steel drums. Moreover, the reuse of steel drums is far more eco-friendly in comparison to scrapping procedures.

In addition, businesses have recently started to use fusible plugs on steel drums for the safe transport and storage of volatile materials. Fusible plugs are similar to standard plugs, have the added advantage of incorporating impact‐resistant polyethylene, propylene, or nylon resins. With the use of fusible plugs and the correct suppression procedures, as per the local certifying authorities, the performance of the steel drums is optimized. The extreme durability and fire resistance of steel drums ensure high levels of safety while transporting or storing hazardous materials.

Find more current insights on the worldwide market for steel drums, by clicking here.

Technological Innovations Underline the Future Developments of Security Labels

Security labels find extensive applications in the development and implementation of packaging solutions to make sure that product deliveries maintain authenticity and prevents pilferage. Security labels help in safeguarding the packed product from threats of counterfeit and losses during transportation resulting from pilferage. They can be used on a wide variety of Items such as jars, bottles, pouches, and boxes, among others.

Security labels can be produced using different materials including plastic, foil, and paper, depending on the purpose, and importance of the product that needs to be safeguarded. Boxes & cartons are the key end use products for applying security labels.

RFID Labels Replace Conventional Alternatives

As per a recent study by Future Market Insights on the worldwide security labels market, the medicine and healthcare sectors make heavy use of security labels, RFID labels and tags in particular. RFID labels provide advanced functionality to users such as medication control, patient tracking, and surgery management among others. In addition, the growing concerns about label tampering and counterfeiting, has significantly boosted the demand for security labels with advanced features.

Pharmaceutical and medical device manufacturers are also displaying increased concern about the protection of brand image. Modern security labels have enabled significant improvements in drug safety without greatly increasing the cost of operations.

Increasingly strict government imposed regulations on food packaging are encouraging manufacturers to identify and use new and improved methods that ensure easy recognition of tamper-evidence. This has led to greater demand of security labels in the packaging sector of the food & beverage industry.

Furthermore, some users have started to use RFID labels in combination with quality sensors, to monitor the freshness of packaged food. This has boosted the scope of use for security labels in fresh foods in addition to meat packaging businesses.

Manufacturers Focus on Tech Innovations to Meet New Challenges

As the threats of counterfeiting and pilfering get more sophisticated to circumvent new security measures, security label manufacturers are increasingly customizing their products to meet specific security requirements of different products.

For example, Label Innovation Inc. designed specialized breathable security labels for windows solution providers, to prevent the buildup of condensation in multi-pane window setups, through the use of innovative air deflection working principle that enables the right configuration for optimal airflow.

Similarly, California based Identiv Inc., released its new range of tamper proof RFID security labels in mid-2018 aimed towards the enhancement of brand protection and the prevention of counterfeiting. The product makes use of a modern aluminum etched antenna that is combined with a tamper-proof release coating. This guarantees the destruction of the antenna when the label is torn, without any possibility of reassembly, or reapplication.

Covectra Inc. has also developed its range of barcode security stickers that make use of 3D visual references that can be authenticated using smart technologies of simple mobile devices, for strong yet simple protection.

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Improved Efficiency in Administration and Compatibility Generate Need for Prothrombin Complex Concentrates

A key protein in blood plasma, prothrombin plays the crucial role of generating active thrombin in the blood when coagulation is required. At present, manufacturers are increasing their focus on building up infrastructure for collecting and storing plasma, to reduce the cost of operations, and meet the increasing needs of anticoagulation therapy, that is gaining popularity among geriatrics.

As per a recent study by Future Market Insights on the global prothrombin complex concentrates market, the rising demand for highly optimized healthcare, and overall sustainability has generated a wide variety of lucrative growth opportunities for manufacturers on a global scale. Moreover, such companies have joined hands with local retailers and distributors to boost the reach of prothrombin complex concentrates in the field of medicine and healthcare.

Efficient, Cost-effective Warfarin Reversal Process with Prothrombin Concentrates

In most cases, the process of reversing anticoagulation of blood is needed before setting up for major surgeries such as hip or knee replacement. The rising prevalence and popularity of anticoagulation therapy can be witnessed, especially for geriatric patients.

For an effective reversal process of warfarin, health care professionals choose from FFP, Vitamin K administration, Warfarin withdrawal, and PCC, of which PCC was generally observed to be the most cost effective alternative as it significantly reduces the duration of the hospital stay and also reduces on laboratory costs.

Even so, the direct costs of healthcare including that of drug and hospital procedures in developed countries ranges somewhere near the US$ 400,000 mark for Prothrombin complex concentrates. While on the other hand, the cost ranges nears US$ 1,200,000 for correctly conducting warfarin withdrawal therapy.

Prothrombin complex concentrates display superlative efficacy in generating the optimal ratios for International Normalized Ratios (INR) immediately after the administration process. The use of prothrombin complex concentrates, eliminate the need for using a specific blood type for the health tests. Moreover, prothrombin complex concentrates are made inactive through the use of viral activity and allows the administration of short-term infusions, while simultaneously eliminating the risk of volume overload.

Recovery and Administrative Benefits Create Demand for Prothrombin

In numerous cases, human plasma is used as a comparable alternative to prothrombin complex concentrates in anticoagulation processes. While on one hand, the incidences of thrombotic complications arising from the use of human plasma is very rare, on the other there are some big disadvantages posed by utilizing human plasma or other alternatives instead of using prothrombin complex concentrates.

For example, the use of prothrombin complex concentrates significantly reduces the time that is taken to achieve a state of homeostasis in comparison to the results from using human plasma. Moreover, the use of prothrombin complex concentrates eliminates the need for compatibility testing prior to the administration of alternative drugs.

Usually, the processes of preparing and administering alternative drugs or human plasma can take up to 2 hours. In comparison, prothrombin complex concentrates take virtually no time to administer. Moreover, prothrombin concentrates are provided to patients in small doses, to negate adverse effects during the rapid reversal process of anticoagulation.

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Affordability Drives the Demand for Electrically Powered Neurosurgical Drills in Hospitals

Minimal or non-invasive surgical procedures are gaining popularity among patients and healthcare professionals, owing to reduced time and cost required for hospital stays, recovery time, trauma, and complications arising after the surgery.

These reductions out of pocket costs boost the demand for minimally invasive surgeries. This is particularly true of neurosurgery procedures, which creates a significant requirement demand for newer neurosurgery surgical power tool variants to eliminate irregularities in brain tissues, nerves, and blood vessels. As per a recent study by Future Market Insights on the global neurosurgery surgical power tools market, these factors will positively influence growth at a CAGR of more than 3% through the end of 2019.

Electrical Neurosurgical Drills Gain Prominence

Electrically powered neurosurgical drills are often used as a comparable substitute to pneumatic surgical drills. With the use of electric motors, electric drills are largely reliant on independent power. On the other hand, these devices they can also be powered through wall socket based plugs. Owing to their relative affordability, electric motors are anticipated to see a year on year rate of more than 2%, and a larger market share. On the other hand, pneumatic neurosurgery drills have a faster year on year rate that is higher than 3%.

Electric drills have a key constraint of providing users with lesser power in comparison to pneumatic drills, but it is relatively cost efficient in comparison to pneumatic counterparts. Moreover, the electric cranial drill motor makes use of an electric power source which is used with attachable surgical tools for cutting or specialized drill bits for operating on the skull of the patient. These power tools also have the capability of extracting soft or hard tissue, in treating health issues of the spine.

Hospitals Display Maximum Demand for Neurosurgery Surgical Power Tools

 Apart from the obvious requirements of healthcare, the key aspects that neurosurgery surgical power tools manufacturers are focusing on are the overall image of the brand, market presence, cost of products, and product safety. These factors are primarily driven by the higher incidences of neurological disorders, higher awareness and acceptance of treatments, rising investments in healthcare, technological and design innovations, and improved regulatory guidance.

Hospitals are anticipated to hold one of the highest revenue shares of the neurosurgery surgical power tools market at more than 80% with steady CAGR of more than 3% worldwide, in comparison to CAGR of less than 2% for neurological centers.

On the other hand, the market is adversely affected by the severe shortage of healthcare professionals with the requisite skills, to meet the demands of the huge base of patients with neurological problems. Moreover, a large number of existing healthcare professionals who specialize in neurosurgery practices, are in the latter stages of their lives, which means that the slow rate and poor consistency of medical education in this field falls short dramatically. As a result, manufacturers are increasingly focusing on increasing product penetration and geographical presence.

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Food Manufacturers Explore Food Pomace Potentiality with New Product Development

High-nutritional content needed in the processed food products has turned out to be a mainstay for the customer-base across the food industry. Fortification has been taken up as a convenient way for helping children in consuming nutrients that they otherwise usually lack in their daily diets. Child obesity is taken as an important focus area by the food manufacturers and are taking in immense efforts for optimize healthy eating by integrating fortification and nutrients in the food products. According to FMI (Future Market Insights) in its recently published report on fruit pomace market, consumer demand with regards to fruit pomace is expected to witness a meteoric rise, given the increasing adoption in several edible products.

Apple Fruit Pomace Could Tackle Surging Child Obesity Cases

Pennotec, manufacturer of sustainable processes and products in UK recently developed an innovative way to deal with the child obesity rate by increasing usage of apple pomace as replacement for high-calorie ingredients. With the help of fruit pomace, in particular, by-product of apple, a consortium headed by Pennotec, the food technology specialist focuses at developing an ingredient that can help in reducing the sugar levels as well as saturated fats in the product range of the popular foods.

Pennotec received funding from Drink Division of Welsh Government and Small Business Research Initiative of Innovative UK and Food, to battle increasing number of child obesity cases and include apple fruit pomace as a key ingredient in the food products. The use of this fruit pomace is likely to enhance the nutritional value in the food composition. The fruit pomace project is primarily aimed at studying the nutritional benefits of apple fruit pomace, while also eliminating high-calorie ingredients inclusive of fats.

Innovative Drying Process of Fruit Pomace with Sun Heat to Eliminate Generation of Carbon Emissions

A latest research by scientists with UC Merced (University of California-Merced) and USDA (United States Department of Agriculture) indicates that heat energy derived completely by sun alone can be highly beneficial for processing fruit pomace in a drier and lighter coproduct. This coproduct is likely to be utilized as an ingredient in the human food in the long run. Stabilizing fruit pomace has turned out to be a big hurdle for the processors. Therefore, for catering to this need, scientists of UC Merced and USDA have demonstrated that solar thermal-powered drum dryer would help in processing fruit pomace into dehydrated coproduct, which is easier to store and handle as well.

All the heat required for drum dryer is completely supplied by sun and the fruit pomace is stabilized and dried without any generation of carbon emissions. Most of all, the coproduct is likely to witness a significant demand as a nutrition-booster food ingredient.

Fruit Pomace Finds Applications in Cosmetics and Food Industry

Researchers from American Chemical Society have recently found out ways through which, grape fruit pomace ingredients can be utilized in cosmetics and food industry as well rather than getting wasted in landfills. The grape fruit pomace will be utilized as a renewable resource for producing antioxidants, dietary fibers and grape oils for health products. Such lucrative efforts are taken by the researchers for increasing economic value of the wine and grape industry, thereby minimizing environmental contamination.

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Environment-Sound Practices May Boost Disposable Cutlery Demand in 2019

Growing popularity of fine dining has been playing a significant role in the growth and development of disposable cutlery market. According to a recently published report by Future Market Insights (FMI) disposable cutlery market is expected to grow at a moderate phase of approximately 4.0% in 2019 on a Y-O-Y basis. In addition, FMI also projects that disposable cutlery market is expected to surpass market valuation of nearly US$ 1Billion in 2019. There are also higher possibilities of disposable cutlery being subject to new charges and taxes in the long run as part of the emerging environmental drive.

Plastic Disposable Cutlery Products to Witness Sluggish Demand

Measures have been taken out for eliminating plastic waste across royal estates and as a point of high evidence, latest news indicates that Buckingham Palace is banning usage of plastics as the royal estate is planning to join increasing number of organizations for phasing out the plastic disposable cutlery. Notable initiatives have been taken up by Hong Kong Convention and Exhibition Centre by encouraging visitors as well as event attendees for bringing their own water bottles, thereby rolling out sustainability measures for eliminating usage of plastic disposable cutlery. Eco-friendly materials have been trending as usage for developing spoons in the disposable cutlery industry that holds adequate resistance properties.

Airline and Railway Catering Application to Hold Massive Share

As a major drive to the plastic-ban change in India, Indian Railway Catering and Tourism Corporation (IRCTC) has embarked on an important project for replacing its plastic disposable cutlery with eco-friendly and wood-based disposable cutlery in all the premium trains. In order to offer trendy and sophisticated services, railways and airlines are taking immense efforts in driving the usage of disposable cutlery by innovative means. With growing demand for disposable spoon and fork in the international and domestic flights from economy cabins, need for disposable cutlery increases. Long-haul flights are expected to contribute significantly towards the increasing sales of disposable cutlery from the airline sector. FMI projects that airline and railway catering is likely to display maximum market value share of nearly US$ 255.5Million in 2019 based on end-use application.

GCC Nations, India to Contribute Substantial Revenue Share

Supermarkets and eateries are taking up immense efforts in reducing usage of plastic disposable cutlery in UAE as plastic disposable cutlery quantity continues to increase across the globe. With a culture that depends heavily on the takeaway food as well as deliveries, concerns regarding the transportation of plastic disposable cutlery daily, continues to rise in UAE. However, major shift has been witnessed amongst various hotels and restaurants in the nation that recently ditched plastic disposable cutlery and are planning to adopt wood based disposable cutlery.

FMI report on disposable cutlery market indicates that on the basis of value, India holds the highest market value of nearly US$ 228.8Million in 2019. Though immediate pricing on the eco-friendly disposable cutlery is high compared to plastic disposable cutlery, growing awareness regarding the health and environmental benefits is encouraging the Indian population to eliminate the usage of plastic disposable cutlery products. With Maharashtra’s ban on plastic usage, wood based and other emerging types of disposable cutlery have turned out to be the default choice.

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Smart Dental Hygiene Devices to Gain Preference in 2019

With increasing development of the healthcare infrastructure along with probable expenditure of nearly US$ 9.9Trillion in 2019, according to Future Market Insights, production of dental hygiene devices is likely to increase at an exponential rate. As per a latest published report by FMI (Future Market Insights), dental hygiene devices market is likely to grow at a moderate phase of nearly 4.7% in 2019 on a Y-O-Y basis. In addition, FMI also projects that dental hygiene devices market is estimated to surpass market valuation of approximately US$ 3.8Billion in 2019. According to WHO, dental caries are affected by nearly 80% of the adults and children, thereby significantly driving the need for dental hygiene devices.

US To Witness Emergence of New Dental Hygiene Devices Preserving Periosteum

North America is expected to expand at a sluggish rate of nearly 3.8% on a Y-O-Y basis in 2019. However, growing prevalence of the oral diseases and increasing number of skilled dental hygienists across the U.S. is likely to support growth of North America dental hygiene devices market. Recently, US has witnessed the emergence of all-new ultrasonic bone surgery dental hygiene devices, such as Piezotome Cube aiming at making tooth extraction more atraumatic. High-frequency ultrasonic vibration of the dental hygiene devices helps in eliminating need for cutting surgical flap in gingiva, thereby preserving the periosteum.

Potential Opportunities in APAC Spotted

Asia-Pacific is likely to take the lead in dental hygiene devices market in 2019 with India and China contributing on a major basis, with increasing number of cases regarding dental caries. In India, oral and dental health is often neglected by the people. However, with increasing awareness of cosmetic dental treatments and need for enhancing personal esthetics, positive impact is witnessed in the growth and development of APAC dental hygiene devices market. Growing adoption of fresh breath strips and electric toothbrushes further drives the region’s dental hygiene devices market.

Smart Tooth Brushes in the Making

Adoption of innovative dental hygiene devices such as battery and electric-powered tooth brushes especially by the middle and high income groups are expected to drive the dental hygiene devices market at a significant pace. Customized designs for the children and adults are increasingly made available in the global market, thereby driving sales of dental hygiene devices. Pairing toothbrushes with app and other latest technologies is the ongoing trend in the dental hygiene devices market. Brands such as Sonicare and Oral-B are drawing out all stops in the race for being the smartest and best in electric toothbrush sphere, which in turn dives-in possibilities of emergence of new and innovative dental hygiene devices. In addition to this, Colgate also has strived harder to stay in the race of smart toothbrush development with launch of E1 Smart Connect that connects the end-user’s iPhone through Bluetooth.

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Businesses to Gain from RFID-enabled Bulk Chemical Packaging, Projects Study

Pharmaceuticals and chemicals will continue to remain both fastest growing and largest in the bulk chemical packaging market. With rapidly increasing availability of bigger reusable container such as RIBCs (Rigid Bulk Packaging) and FIBCs (Flexible intermediate bulk container), demand for bulk chemical packaging continues. Future Market Insights (FMI) projects that non-traditional chemical producers are increasing the usage of bulk chemical packaging containers, underpinned by strong growth of chemicals industry.

Drums To Witness Demand Fluctuations

Recent study by FMI predicts that sustained development in the output of chemical products, especially in the fast-growing economies such as Vietnam, Indonesia, India and China is likely to boost demand for drums in bulk chemical packaging market. Despite a largely favorable outlook with constant expansion of global economy, prospects for drums in the bulk chemical packaging market will be tempered by the growing competition from large-capacity IBCs and fiber drums are likely to lose market share both to the other drum types as well as to the alternative packaging formats available in the bulk chemical packaging market.

Intermediate Bulk Container (IBC) Prove Significantly Lucrative

Companies such as Mauser is taking immense efforts in acquiring MaschioPack, for expanding its IBC footprint. Apart from this, Grief Company has recently launched its new multi-million euro IBC plant in Netherlands for offering its customer-base with cutting-edge IBC technologies available, with growing focus on food industry. Moreover, this bulk chemical packaging company has also taken efforts in launching GCUBE® Shield for IBC’s that provides revolutionary barrier protection along with enhanced operational performance, shelf-life and product stability.

RFID Technology to Remain Trending

Reusable packaging solutions including IBCs are progressively implemented along with trace and track technologies such as RFID (radio-frequency identification). The innovative bulk chemical packaging technology not only helps manufacturers in tracking IBCs but also enhances their servicing effectiveness, thereby managing accurate supply capabilities. Suppliers and manufacturers of IBCs are constantly facing challenges arising from delay in supply of the IBCs. Validating availability of the IBCs by means of the innovative bulk chemical packaging technology, enables the manufacturers in avoiding unnecessary costs related to the expendable form of the packaging solutions. With growing usage of RFID technology in bulk chemical packaging market, suppliers can avoid confusions leading to the poor business relationships.

Furthermore, the innovative bulk chemical packaging technology has benefitted suppliers and manufacturers with effective cost saving tools for consumers. End-users availing IBCs for shipping products such as the agricultural produce and food ingredients can save costs, thereby eliminating the physical counting of inventories with the implementation of RFID tags for controlling and managing the overall inventory. Efficient functionality has encouraged various IBC manufacturers for making heavy investments in the innovative bulk chemical packaging technology, in order to enhance customer service as well as to save the overall operational costs.

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Box and Carton Overwrapping Machines: Food Industry Exhibits Maximum Demand

Rapidly surging production of perfume boxes, gift boxes, retail packages and cigarettes significantly drives the growth and development of box and carton overwrapping machines market. Although box and carton overwrapping machines market is likely to expand at a healthy pace, growing adoption of the flexible packaging solutions might pose as a threat in 2019. Companies in the box and carton overwrapping machines market might witness surging demand for the highly precise as well as completely automatic box and carton overwrapping machines in 2019, with growing demand for unique stretch overwrapping machines, as per a recent market study by Future Market Insights (FMI).

Demand High for Cost-Effective Box and Carton Overwrapping Machines

Growing demand for enhancing appearance and protection of packaged products from the viscous liquids dives-in considerable need for box and carton overwrapping machines. In order to secure product as well as to experience an effective transportation, need for applying basic wrapping films on the package becomes more vital, thereby driving usage of box and carton overwrapping machines. Companies in box and carton overwrapping machines might focus on smart packaging solutions, thereby reducing labor costs and enhancing appearance of packaging for catering to the consumer appealing demands. With growing availability of bar codes, QR codes and various other labels on wrappers, demand for effective packaging is catered, thereby driving the usage of box and carton overwrapping machines.

Food Sector in Emerging Regions to Hold Incremental Opportunities

Companies in the food and beverage sector are taking immense efforts in launching products that helps them with reduced labor costs, thereby attaining higher production outputs at minimal time frame. This is the notable factor driving the demand growth of box and carton overwrapping machines in food sector in emerging economies such as MEA, Latin America and Asia-Pacific. The FMI study also projects that food sector is likely to offer high incremental opportunities compared to other end-use applications. Integration of various components in production line helps in significantly increasing production efficiency in the long run, which in turn drives the demand for innovative and automatic box and carton overwrapping machines. Nearly 80% of the companies in box and carton overwrapping machines market have been looking for quick change-over as a vital factor in identifying traits of packaging machinery.

Opportunity Analysis: Mergers and Acquisitions Remain a Key Expansion Strategy in China

Companies in China box and carton overwrapping machines market might make heavy investments in R&D for improving their access in new overseas markets, thereby expanding their global reach in the box and carton overwrapping machines market across the globe. Recently, government of China has taken up notable efforts by encouraging ODI (Overseas Direct Investment) by the Chinese companies. Multinational businesses are therefore targeting China with several expansion activities including mergers and acquisitions. Market expansion strategies are expected to play a significant role in attracting new customers in the box and carton overwrapping machines market, thereby enhancing market foothold of the manufacturers.

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