Modified Starch Market to Reach US$ 18.7 Bn by 2029-End

Modified starches are increasingly replacing native starches in the food processing industry, owing to the improved and enhanced functional properties of modified starches. Modified starch is used in the food industry as a texture improver, fat replacer, and for potential flavor masking of food products. Furthermore, modified starch provides functional properties such as taste, texture, and thickness to the processed food, while extending their shelf life. Increasing urbanization, coupled with the changing consumers’ eating habits, has given rise to the demand for convenience and processed food. The increasing demand from consumers has made manufacturers improve the quality and efficiency of their product offerings, which is creating a strong demand for modified starch over the forecast period. The unique functional benefits associated with modified starch makes it a vital ingredient in end-use industries, including textile and paper industry, and cosmetics, and personal care formulations. Modified starch is a multifunctional additive used in the cosmetic and personal care industry. In the past few years, the trend for natural cosmetic products is witnessing an ever-growing demand, and hence, manufacturers are incorporating new cosmetic products using natural ingredients such as modified starch to gain traction of the more extensive consumer base. Also, modified starch finds application in the textile industry for the sizing of medium-count and coarse yarns. Thus, increasing demand from end-use industries is anticipated d to provide a substantial market opportunity for modified starch.

Overview of the Global Modified Starch Market

According to the recent study published by FMI projects that the global modified starch market will record a steady growth during the forecast period 2019-2029. The report includes critical market insights based on the crucial information about the latest activities by the leading suppliers, manufacturers, and distributors in the global modified starch market. The market study published by FMI provides the most requisite data about the factors that can make a significant impact on the growth of the global modified starch market. Leading players, stakeholders, and new entrants in the market can plan the right business strategies and follow a correct decision-making process.

Segmentation of the Global Modified Starch Market

The global modified starch market is segmented on the basis of source into wheat, maize/corn, tapioca, potato, and rice. In terms of value, the global modified starch market is significantly occupied by maize/corn and is likely to stay strong over the forecast period, whereas the rice segment of the global modified starch market is anticipated to grow with the highest CAGR over the forecast period. The food and beverage segment is expected to dominate the application segment of the global modified starch market over the forecast period. Wide-ranging applications of modified starch in the food and beverage industry- as a thickener, an emulsifier, and fat replacer- are resulting in the highest consumption of modified starch by the segment. Dairy products and bakery products occupy significant share by revenue in 2019 in the food and beverage industry over the forecast period.

Competitive Outlook of the Global Modified Starch Market

Both large- and small-scale processors and manufacturers of modified starch are aiming at expanding and upgrading their production capacities by incorporating newer technologies and equipment to meet the increasing demand from end-users. Besides, modified starch manufacturers are increasing their product launch frequency and updating their portfolio with a variety of products, which ultimately helps to cater to the needs of an ever-changing market. The manufacturers are offering organic, vegan, non-GMO, and high-quality modified starches to customers so that they can provide unique and quality products to end consumers.

Furthermore, increasing expenditure by government and non-government organizations on research and development activities is resulting in the introduction of new and innovative products in the global market that is growing the demand for food additives. This is resulting in new market opportunities for modified starch over the forecast period.

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Cosmetics ODM Market to Reach US$ 20 Bn by 2029-End

Strong inclination of the masses towards cosmetics products, especially in the developing countries of the East Asia and Latin America regions, which is driven by the increasing disposable income, has contributed to the growth of the cosmetics ODM market over the past few years. Rapid improvements in technology pertaining to the cosmetics ODM industry across the globe have witnessed significant growth in this market in terms of volume. These have resulted in growth of the cosmetics ODM companies which ensures the availability of skincare care products such as styling products, conditioners, and colorants. This factor, along with an increase in the number of cosmetic products and the affordability of technology innovations, & formula advancement services, is expected to increase the usage of cosmetics ODM technologies such as multicolor compression technology, advanced printing technology, and creative beauty technology, on a global scale. The adoption rate of differentiated research and development technologies as well as manufacturing technology is estimated to increase during the forecast period to cater to the ever-rising global demand for cosmetics ODMs.

Moreover, Changing lifestyles and increase in the purchasing power of consumers have created the preference for premium products such as green or natural cosmetics products and color cosmetics which drives cosmetics ODM market further. The premiumization trend in cosmetics ODM market is bridging the gap between luxury and mass markets to offer all consumers access to unique or high-quality products. Moreover, globalization & economic growth, especially in developing countries, is offering lucrative opportunities for various companies to capitalize on the premiumization of their cosmetics ODM product portfolio to strengthen their market position.

Cosmetics ODM Market Overview

The global cosmetics ODM market was valued at ~US$ 11 Bn in 2018, and the cosmetics ODM market is expected to increase at a CAGR of ~6% between the forecast periods of 2019 and 2029. The growth of the cosmetics ODM market is majorly driven by the higher demand for personal grooming across the globe, which is supported by the increasing urban population.

A new market research report by Future Market Insights on the cosmetics ODM marketincludes the global industry analysis 2014–2018 and opportunity assessment 2019–20289. The report investigates the cosmetics ODM market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global cosmetics ODM market is projected to experience significant growth over the forecast period due to multiple driving factors such as higher demand for personal grooming across the globe, which is supported by the increasing urban population. Increasing population, predominantly in the developing regions such as Asia Pacific and MEA, is projected to support the growth of the cosmetics ODM market over the forecast period.

Segmentation of the Global Cosmetics ODM Market

The global market of cosmetics ODM has been segmented on the basis of different types of cosmetic products, their multiple end-use brands, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa

Regions such as North America and Europe are expected to hold prominent market shares in terms of value in the cosmetics ODM market. However, the South Asia market is expected to project lucrative growth in the global cosmetics ODM market over the forecast period of 2019-2029. This growth is propelled by the rapid growth in the beauty and personal care industry in the countries of South Asia, which include India and ASEAN countries, among others. The economic condition of the above-mentioned South Asia countries has been developing positively.

Competitive Outlook of the Global Cosmetics ODM Market

The report highlights some of the prominent market players, who have established themselves as leaders in the global cosmetics ODM market. Some of the examples of key players in the global cosmetics ODM market are RPC Group Plc., Nox Bellcow Cosmetics Co., Ltd., Cosmax Co., Ltd., Intercos Group, Kolmar Korea Co., Ltd., Cosmecca Korea Co. Ltd, Nihon Kolmar Co., Ltd., Global Cosmetics (HK) Company Limited, and Chromavis S.P.A.

The global cosmetics ODM market is significantly consolidated with some players holding prominent shares of the market. These players are as Cosmax Co., Ltd., RPC Group Plc, Toyo Beauty Co., Ltd., and Kolmar Korea Co., Ltd., among others

With the help of imperative information about drivers, restraints, and trends in the global cosmetics ODM market, the market study published by FMI provides helpful information to manufacturers and distributors

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Declining Prices of Sequencing Processes Expected to Propel the Growth of the Clinical Oncology Next-Generation Sequencing Market

Future Market Insights recently published a well-curated market research report that offers significant insights pertaining to the prospects of the global clinical oncology next-generation sequencing market during the forecast period, 2019-2029. The report touches upon the various parameters that are projected to influence the overall scenario of the market including the current & potential market trends, growth opportunities, factors that could potentially hinder market growth, and various advances in technology among others. According to the published study, the market value of the clinical oncology next-generation sequencing market was around US$ 220 million in 2018 and the market is expected to grow at a compounded annual growth rate (CAGR) of ~17% over the forecast period, 2019-2029.

The report suggests that the market growth can be attributed to a range of factors including, rise in the number of cancer cases worldwide, significant advances in next-generation sequencing technology, continual government funding for life science projects, and declining prices of sequencing processes among others. Further, the overall development of the healthcare infrastructure in the various regions of the world has resulted in the significant rise in demand for next-generation sequencing technology in recent years and the trend is expected to continue over the forecast period.

Growing government investment for life science projects expected to boost the market growth

Government funding towards the development of healthcare infrastructure plays a vital role in fast-tracking the penetration of new technologies and treatments. In recent times, government investment towards life science research and development has witnessed considerable growth – a factor that is providing an impetus to the overall adoption of next-generation sequencing in clinical oncology. In addition, market players operating in the current market landscape are increasing focus on integrating innovative technologies to enhance the overall efficiency of next-generation sequencing. In addition, market players are also leaning towards collaborations and partnerships to expand their product offerings and establish a strong presence within the current market landscape.

North America and Europe likely to present significant growth opportunities

According to the analyst at Future Market Insights, “North America and Europe are expected to be the most prominent regions in terms of market share and size over the forecast period due to a range of factors including, advances in technology and presence of a robust healthcare infrastructure among others.” Further, an overall increase in healthcare awareness in the aforementioned regions is likely to play a key role in the development of the clinical oncology next-generation sequencing market in the upcoming years.

Clinical oncology Next-generation Sequencing Market: Vendor Analysis The report offers resourceful insights related to the major market players operating within the clinical oncology next-generation sequencing market such as the market share, size, revenue growth, pricing analysis, growth strategies, sales footprint, recent expansions, and more. The leading market players operating in the current market landscape are, Illumina, Inc., Oxford Nanopore Technologies, PerkinElmer, Inc., Takara Bio, Inc, Creative-Biolabs, Pacific Biosciences of California, Inc., BGI Group, and Becton, Dickinson and Company among others

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Global Heavy Duty Corrugated Packaging Market to Grow Moderately during the Forecast Years

The global heavy duty corrugated packaging market has witnessed increased interest recent years, resulting in a steady growth at a modest pace. This can be attributed to the growing need for efficient & secured packaging solutions, which has had a positive impact on the heavy duty corrugated packaging market. The study by Future Market Insights on the prospective growth of the market estimates that the global heavy duty corrugated packaging market is likely to grow at a moderate 5% globally, during the course of the forecast period.

The increasing demand for sustainable and environment-friendly packaging from retailers and consumers alike as led to the increase in the acceptance and adoption of packaging. It is extensively used in packaging across industries for foods, beverages, cosmetics, pharmaceuticals among others. They have been popular as they provide distinct advantages such as crush resistance and stacking convenience, which flexible packaging may lack. They are also biodegradable and recyclable, which are also propelling the growth of the heavy duty corrugated packaging market, globally.

Manufacturers in this heavy duty corrugated packaging landscape are increasingly looking into product innovation, that places product safety and integrity into consideration, focusing on durability, requirements catering to the individual needs of several end-use industries.  This is in alignment with growing consumer inclination for recyclable and biodegradable packaging, a major underlying trend that has had an increasing influence and is set to shape the evolution of the landscape.

Regional Markets in the Global Heavy Duty Corrugated Packaging Market

According to this report by FMI, the growing e-commerce industry is expected to play a crucial role in the evolution of the heavy duty corrugated packaging market. And as the containerboards get increasingly harder to procure as raw materials and the popularity of paper packaging rises in the regional market in Asia, the overall heavy duty corrugated packaging landscape is expected to witness growth in the current years.

As the scenario currently stands in the heavy duty corrugated packaging landscape, the regional market in Asia Pacific holds a significant share in the global market, due to emergence of China and India as popular markets for paper and paper-based products. This also holds true for Brazil the demand for paper has increased manifold. These markets in emerging countries are expected to hold lucrative opportunities for manufacturers in the heavy duty corrugated packaging market landscape.

Future of the Heavy Duty Corrugated Packaging Landscape

The heavy duty corrugated packaging market is considered relatively fragmented with several established and emergent players crowding the scene. Manufacturers in the landscape are increasingly looking to align themselves to shifting consumer inclination to environmentally friendly packaging, limiting the use of plastics and Polyethylene. This comes alongside government initiatives and regulations that encourage reduction of plastics in packaging, a trend that has also influenced in the evolution of the larger packaging industry, and now trickles into the heavy duty corrugated packaging market.

Manufacturers are also focusing on incorporation of newer materials for the production of heavy duty corrugated packaging, with design innovation at the forefront shaping the landscape in the foreseeable future.

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Increasing Focus on Standards and Certifications In Floriculture Is One the Factors for the Growth of Floriculture Market, Finds FMI

According to a market report published by Future Market Insights, the global sales value of floriculture was US$ 40,556.7 Mn in 2018. According to the report, the floriculture market is projected to expand at a CAGR of ~ 7.1% during the forecast period.

Various certifications and standards in the floriculture market offers responsible codes of conduct, industrial standards, and sustainable agricultural practices. Nowadays, growers and traders in the floriculture market are focusing on various certifications such as MPS, Fair Flowers Fair Plants, Max Havelaar, Florverde, and many more. Moreover, the demand for sustainable products is growing continuously among consumers. Thus, companies in the floriculture industry are seeking opportunities to recognize with various certifications and standards in the market.

Additionally, supermarkets/hypermarkets floral buyers are seeking for opportunities within the floriculture retail market. Retailers are engaging with qualified personnel in their stores to offer full service to customers, upgrading products with unique designs, bouquets, and improve product quality. It also provides consumers the convenience of e-commerce to save time and high product choices.

Overview of the Global Floriculture Market

A recent study published by FMI on the global floriculture market will record a steady growth during the forecast period 2019-2029. The report includes critical market insights based on the crucial information about the latest activities by the leading suppliers, manufacturers, and distributors in the global floriculture market. The market study published by FMI provides the most requisite data about the factors that can make a significant impact on the growth of the global floriculture market. Leading players, stakeholders, and new entrants in the market can plan right business strategies and follow a correct decision-making process.

Segmentation of the Global Floriculture Market

The floriculture market is segmented into product type, flower type, end use, sales channel, and region. Among product type, cut flowers segment dominates the global floriculture market in 2018 and continue to grow during the forecast period, which can be attributed to high demand for fresh cut roses in decoration purpose, gifts as well as occasions. The cut foliage segment is witnessing a significant growth in the global floriculture market owing to rise in demand for mix bouquets at florist shops. Cut foliage are used in bouquets and other flower arrangements at events and festivals. On the other hand, collaboration with traders and retailers as well as additional efforts to promote mixed bouquets in retail stores is expected to create an opportunity for cut foliage in the near future.

Europe and North America Dominates the Global Floriculture Market 

Among regions, Europe and North America together accounted for over 85.6% of the global floriculture market. Among these two regions, Europe represented a higher share in 2018 owing to high demand for flowers among consumers and per capita flowers consumption in the region

The floriculture market has been witnessing rapid growth in East Asia, where the market is projected to expand at a CAGR of 8.5% during the forecast period owing to steady improvement in the horticultural production along with low production cost.

Apart from decoration purpose, eating flowers is one of the most popular upcoming trends in the market. Flowers are rich in antioxidants. Eating flowers helps in stimulating the body, is good for digestion, and provides numerous health benefits. With growing accessibility of edible flowers and micro greens, home-cooked food includes this new ingredient in their sweet and savory food items as well as drinks for its unique flavor as well as for its aesthetic and decorative purposes. 

Additionally, the biotechnology industry is highly innovative and growing at a fastest rate globally. With its immense growth potential, it will play a significant role as an innovative manufacturing hub in the near future. Scientists in the biotechnology industry are continuously working on research and development activities to apply biotechnology to consumer products as well as to make it accessible and appealing to the public worldwide. For instance, scientists are focusing on developing unique flowers that changes colors throughout the day.

FMI’s business intelligence also highlights significant insights into the competitive scenario of the floriculture market along with manufacturers’ differential strategies. In the global floriculture market, there is rapidly increasing demand for sustainably produced flowers, which is one of the main trends that is changing the industry. All stakeholder in the floriculture value chain are implementing good agricultural practices to protect the negative impact on the environment and labor conditions. According to FMI’s report, companies in the floriculture industry are investing more on certifications and offering fair trade, FPP, and other certified flowers to the consumers.

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Fat Filled Milk Powder Market to reach US$ 2,701.5 Mn BY 2028-End

Fat filled milk powder is defined as a combination of nonfat milk solid and vegetable fat (coconut oil, palm oil and others) in a powder form. Fat filled milk powder is also known as the standardized skimmed milk without water and fat contains vegetable fat. It can also be used as an alternative for eggs, as it acts as an emulsifier. Fat filled milk powder contains vitamins, protein and minerals which are helpful for increasing immunity, strengthen muscles and bones. Fat filled milk powder used as substitute of whole milk powder with lower cost. Fat filled milk powder is available in various form with the varying vegetable fat content such as fat filled milk powder 28%, fat filled milk powder 26%, instant fat filled milk powder 28%, and instant fat filled milk powder 26%. It is sued on various end use applications including dairy products, bakery, confectionaries, and ice cream amongst others. Fat filled milk powder is also used to prepare the nutritional and convenient liquid milk drinks. It is nutritionally fortified with added vitamin A and Vitamin D. Fat filled milk powder has low microbiological levels. Fat filled milk powder is reconstitutable with excellent wettability and dispensability properties. Many manufacturers are spending their investments in fat filled milk powder research and development to make it more nutritious and filled with vitamins and minerals. So, that they are easily accepted by the consumers.

Overview of Fat Filled Milk Powder Market

According the latest report published in TMR, the most attractive regions to invest for fat filled milk powder is Europe and North America are estimated to be prime location for international and regional market participants to manufacture or process fat filled milk powder. Hence, these two are the prime regions for manufacturers who are wishing to invest into the fat filled milk powder market. Apart from these prominent regions some regions are noted as emerging which includes- MEA, East Asia and South Asia. These regions are expected to grow tremendously in the fat filled milk powder market in the forecasted period. Also, upon having a deep research into the exporting market of fat filled milk powder EU Nations, U.S., New Zealand, Australia, and Belarus shows higher exports when compared with other countries. Hence the manufactures have a fair chance to invest into any of the above mentioned regions or countries.

Global Fat Filled Milk Powder: Market Segmentation

In last few year, production of milk powder has increased by 177 Mt (23%) by 2025 compared to the base years according to the OCED organization. The majority of growth is expected to come from the developing countries. Therefore, with the rising production of milk, dairy products (cheese, butter, whole milk powder, skimmed milk powder) production has also escalated in last few years. Resultantly, fat filled milk powder production is also estimated to increase in coming years. This wide consumption of fat filled milk powder is the major driver driving its sales.

Rising health awareness and increasing disposable income has influenced consumers to adopt healthy lifestyles. Conventional dairy products includes butterfat, which is unhealthy for the human body and create possibilities of harmful diseases. Moreover, manufacturers are looking for the better substitute of the conventional whole milk powder containing butter fat. Therefore, fat filled milk powder which contains vegetable fat gained high traction in market in last few years.

As fat filled milk powder is processed by the skimmed milk powder and vegetable oils, the product has significant amount of Vitamin A, Vitamin D3 and calcium and lower saturated fat. Such factors are expected to upsurge the demand of fay filled milk powder in nutritional products over the forecast period. 

Moreover the cost effective nature of fat filled milk powder makes it easily assessable by end- use industries.

Competitive Outlook of the Global Fat Filled Milk Powder Market

The global market for fat filled milk powder is developing owing to the increasing consumer’s awareness about health. Several manufacturers are showing their keen interest over fat filled milk powder due to its special property of maintain healthy bones, muscles and enhancing  immunity power. It also has a number of application in end-use industries. Some of the global key manufacturers and suppliers of fat filled milk powder are – Alpen Food Group, Belgomilk, FrieslandCampina Kievit, NZMP, Revala Ltd, Milky Holland, Dana Dairy, TATURA, Vitusa, Vreugdenhil, and Olam International. Apart, from these manufacturers many other manufactures are trying to invest into this market.

With the help of imperative information about drivers, restraints, and trends in the global polysaccharides and oligosaccharides market, the market study published by TMR provides helpful information to manufacturers and distributors.

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Dire Need to Ward Off Unwanted Carvings on Property Exteriors Fuels the Demand for Anti-Graffiti Coatings

Akin to diverse sectors, the paint & coatings industry is observing a string of innovations aligning with changing customers’ requirements. Be it for decorative purposes or functional applications, paints & coatings are satiating a multitude of demands from a wide array of domains. Yet, the demand for functional coatings is spectating a significant uptick, with the demands majorly coming from residential, commercial, and transportation sectors.

Property owners tend to bank on a broad range of solutions, ranging from fencing to trespassing detection techniques, in a bid to shield the exteriors of their property from the wrathful eye of natural calamities, and intended attempts of defacement. The trend of using property exteriors as canvases to convey messages – graffiti – is offering another factor of consideration in the radar of paints & coatings. Despite carrying significant artistic value, unwanted carvings in the name of graffiti – visual litter – is degrading the appearance of property exteriors.

With anti-graffiti coatings surpassing the stage of being an afterthought, Persistence Market Research, in its new business intelligence report, suggests that the sales of anti-graffiti coatings reached ~41, 339 tons in 2018 and the market is spectated to progress at a steady rate over the forecast period. Constant attempts to ward off unwanted graffiti activities are likely to top the list for market growth. Inefficacy of sturdy fencing and CCTV cameras to track graffiti culprits are further fueling the demand for functional anti-graffiti coatings.

Silicone and Polyurethane Anti-Graffiti Coatings – Non-Sacrificial Aspect and High Chemical Resistance Garner Huge Traction

Anti-graffiti coatings containing silicon and polyurethane exhibit good resistance against UV exposure, avoiding discoloration. Silicone- and polyurethane-based anti-graffiti coatings offer protection against aerosol spray paints, permanent ink markers, and traditional paints. The paint or marker dives across the treated area, ending up in bubbles. As such, it becomes impossible for individuals to create undesired patterns or pictures. In addition, silicone- and polyurethane-based anti-graffiti coatings are non-sacrificial, eliminating the need to be applied again without damaging the protective coating.

Polyurethane (PU) anti-graffiti coatings showcase great resilience against a multitude of solvents – salt water, mineral and vegetable oils, aliphatic liquid, dilute industrial chemicals & aqueous solutions. Post employment, the PU anti-graffiti coatings do not affect the appearance of the treated areas. Owing to resistance against chemicals, silicone anti-graffiti coatings are highly suitable for application on vinyl surfaces, brickwork and masonry. Further, silicone anti-graffiti coatings are VOC-free, and eco-friendly.

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Increasing Sales of Permanent Anti-Graffiti Coatings Following Protection to Diverse Surfaces

The demand for sacrificial anti-graffiti coatings is diminishing due to the compromise of the protective coating after employing high-pressure water jets. In addition, sacrificial anti-graffiti coatings require equipment for coating removal, leading to increased operational expenses. On the flip side, permanent anti-graffiti coatings create a sturdy protective shield across the substrate. The isocyanate-free formula enables spray application on areas, where legal norms restrict the application polyurethane. Permanent anti-graffiti coatings avoid the employment of graffiti at first place, eliminating the need to reapply the coating – highly suitable for high performance architectural applications. Furthermore, permanent anti-graffiti coatings require minimal maintenance, outweighing the bottleneck oh high costs.

User Experience Set to Define the Future of Automotive Multifunction Switches

In the automotive design sphere, interiors were playing a second fiddle, while enhanced aesthetic features resided in the metal sheet of the exterior. However, the game has been radically changing, in recent years, with the rise of connected mobility and autonomous vehicles. The revolution of automotive interiors is underway in current models filled with advanced features, technologies, and materials, and multifunction switches are no exception.

While the industry has for a long time been based on increasing volumes and reducing prices, OEMs as well as component suppliers including switch manufacturers are facing a myriad of challenges – in the light of reducing emissions and weight along with electrification and digitization drive towards connected cars. In the current scenario, where the volume won’t steadily grow, switch manufacturers are leveraging and tracking new technologies to differentiate their products and align with emerging trends of enhanced in-car ambience.

Smart Switches over Basic Interior Controls – The Shift is Underway

In the era of unprecedented change, the saleability of a car is likely to depend on how well it is integrated with consumers’ digital lifestyle. As the car becomes an extension of personal space and overall digital experience, automotive multifunction switches will have a key role to play, thereby compelling manufacturers to redefine their line of designs and products. Technological innovations such as smart seating, paddle shifts, and stop/start functions will require multifunction switches for instant and enhanced control, but they will be smart switches – undreamed of a few years ago. Apart from basic interior controls, smart switches will be required for particular characteristics such as high reliability and self-failure detection. As consumer expect the same experience as they get from smartphones and tablets, automotive manufacturers are pinning their hopes on human-machine interface technologies, which may result in further changes in the multifunction switches.

Rapid emergence of infotainment trend in auto vehicles has also led to the development of innovative multifunctional switches for steering wheels as well as display units. Touch sensitive switches or touch control buttons, which react precisely to horizontal and vertical movement of fingers, are making significant progress in the automotive interiors, allowing drivers to control all relevant vehicle functions while both hands stay on the steering wheel. Moreover, infotainment in cars is becoming as important as the car performance, which is likely to offer the opportunity for cross-market solutions from the consumer electronic sector.

Autonomous Vehicles Call for More Control Functions

Following the announcement of ban on the sales of petrol and diesel engine cars by 2040, the sales of electric vehicles and autonomous cars are likely to ramp up in the years to come. However, the car of the future is still in flux, in terms accident-free features and efficiency of battery-powered engines. The move towards self-driving will further need to integrate more control functions within a vehicle. As it will not be possible to rely on one-size-fits-all solutions for diverse set of requirements, automotive multifunction switch and other component manufacturers will need to come up with innovative strategies.

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Focus on Improving the Safety in Manufacturing Facilities Expected to Boost the Growth of the Calibrators Market

Future Market Insights recently published a market research study that offers valuable insights related to the growth prospects of the global calibrators market over the forecast period, 2019-2029. The report covers critical information about the various factors that are likely to influence the overall dynamics of the market including, the current & predicted trends, growth opportunities, market drivers, challenges, and restraints. According to the report, the market value of the global calibrators market is predicted to touch ~US$ 800 million in 2019 and expected to reach a market value of ~US$ 1,200 million by the end of 2029 expanding at a compounded annual growth rate (CAGR) of ~ 4% over the forecast period, 2019-2029.

A number of factors are expected to play a key role in driving the growth of the calibrators market including, focus on enhancing the overall performance of power plants, boosting efficiency within power plants, improving safety, productivity, and profitability. Furthermore, regional and global calibration standards require calibration of electrical equipment – a factor that is playing an imperative role in boosting the sales of the calibrators market worldwide.

Adoption of new-age calibration processes to enhance plant performance on the rise

The demand for state-of-the-art calibration equipment has witnessed significant growth in recent years from multiple industrial sectors. In addition, measuring the various parameters including electric current or force is highly critical to ensure the safety of products.  The calibration of different manufacturing equipment is a critical part of a manufacturing process as it plays an imperative role in improving the overall output of machines, promote workplace safety, and increase profitability. In addition, several regional and global calibration standards require regular calibration of electrical equipment. Hence, the demand for advanced calibrators is expected to witness considerable growth in the upcoming years.

North America expected to remain a prominent region

According to an analyst at Future Market Insights, “The calibrator market in North America is expected to account for over 25% of the market share over the forecast period owing to rampant growth in industrialization and urbanization. “ Further, advances in technology in the region coupled with the presence of established market players is a major factor that is expected to boost the overall prospects of the calibrators market in North America. According to the report, Europe is likely to remain the second-largest regional market in terms of market value owing to stringent regulations that mandate the calibration of electrical equipment. 

Calibrators Market: Vendor Analysis The report offers significant insights related to the major market players operating within the current landscape of the calibrators market. In addition, the report includes intricate details including the company profiles, growth strategies, marketing strategies, sales footprint, product offerings, market position and more of top-tier companies in the global market. Some of the leading market players in the calibrators market are, AMETEK INC, Beamex Oy Ab, OMEGA Engineering Inc., Yokogawa Test & Measurement Corporation, ABB, and more

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Growing Demand for Food Protection and Safety to Propel the Growth of the Agriculture Packaging Market: FMI Study

Future Market Insights, in its recently published market research report, offers valuable insights related to the overall prospects of the global agriculture packaging market during the forecast period, 2018-2028. The report provides a thorough and full-proof analysis of the leading factors that are forecasted to influence the overall market dynamics in the upcoming years such as the evolving trends, market drivers, growth opportunities, restraints, and more.

According to the report, the market value of the global agriculture packaging market was ~US$ 2,072 million in 2017 and the market is expected to grow at a compounded annual growth rate (CAGR) of ~5.3% over the forecast period, 2018-2028. Further, the report offers intricate information related to the market scenario in various geographies including North America, Latin America, Europe, Asia-Pacific excluding Japan, Middle East, and Africa, and Japan along with relevant tables and figures.

The report throws light on some of the major factors that are expected to drive the growth of the market over the forecast period including, the rising demand for fresh agricultural products, consumer demand for sustainable packaging solutions, focus on food protection, emergence of agriculture packaging or labelling as a marketing tool, and advent of various types of agriculture packaging solutions including, fiberboard, clamshell packaging, stretch film, flexible intermediate bulk containers, and more.

Manufacturers focus on improving food protection to gain a competitive advantage

In the current scenario, manufacturers operating in the agriculture packaging market are concentrating their efforts to minimize food waste, enhance food protection by adopting effective packaging solutions, focus on the development of sustainable packaging alternatives in accord with consumer demands, and increase research and development activities to gain a competitive edge in the market. Further, market players are likely to focus on improving the shelf life of food products by utilizing the most proficient and environment-friendly packaging materials.

Growing demand from the agrochemicals sector is expected over the forecast period which in turn is expected to provide a significant impetus to the growth of the agriculture packaging market in the upcoming years.

Segmentation of the agriculture packaging market

The market study on the agriculture packaging market published by Future Market Insights throws bifurcates the market based on different parameters including product type, barrier type, application, region, and material type among. Further on the basis of the type of products, the market is segregated into silo bags, clamshells, bags/bins, trays, bulk containers, and bottles among others. In addition, on the basis of the material type, the market is segmented into paper board, jute, glass, and plastic among others. The report provides accurate and precise analysis of the various market segments which offer a thorough analysis of the market share, size, revenue growth, and more for each market segment.

Agriculture packaging market: Vendor Insights

The report offers valuable information related to the major companies operating in the global agriculture packaging market such as the recent developments, growth strategies, pricing strategies, expansion strategies, and more. Some of the leading market players in the agriculture packaging market are, Proampac LLC, Berry Global, Inc., Time Technoplast Ltd., Tetra Pak International S.A., Smurfit Kappa, DS Smith Plc, and more.

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