Albany, NY -- (SBWIRE) -- 04/14/2021 -- Sustainable packaging is the new horizon where manufacturers and consumers are heading from the last few years. Thus, the PVA Films market is expected to grow substantially during the forecast period. PVA is an environmentally friendly polymer that is recyclable or reusable and easily degradable thus helps to reduce the carbon footprint which is increasing by plastic usages and waste generation. The biodegradable packaging or green packaging material usages are increasing day by day especially due to increase in e-waste and use of PVA Films in laptops, sunglasses, LCD panels and optical filters is expected to solve the problem of e-waste and boost the PVA Films market during the forecast period

The PVA Films market is also expected to boost by the increase in usage in embroidery work to increase the aesthetic appearance of the product and increase in usage in detergent packaging which demand is increasing drastically due to increase in a number of shops such as supermarkets, hypermarkets and individual outlets of famous brands. The vigorous increase in the electronics and agrochemical sector is expected to boost the PVA Films market during the forecast period.

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PVA Films Market: Dynamics

The factors which drive the PVA Films market are growing concerns over the environment as electronic gadgets are responsible the affect the environment by increasing non-degradable waste generation i.e. e-waste, properties such as non-toxicity and non-hazardous, rise in agriculture business or agrochemical products, change in life style, dynamically improving hygienic habits, and increase in penetration of electronics goods in urban as well as rural areas.

The factors which restrain the PVA Films market is fluctuating prices of raw materials as PVA is derived from the petrochemicals.

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PVA Films Market: Segmentation

The PVA Films market is segmented on the basis of the type of grade and application.

The PVA Films market is segmented on the basis of the type of grade as

Fully hydrolyzed
Partially hydrolyzed
Sub partially hydrolyzed
Low foaming grades

The PVA Films market is segmented on the basis of application as

Food packaging
Detergent packaging
Embroidery
Laundry bags
Agrochemical packaging
Industrial detergent
Consumer detergent

PVA Films Market: Regional Outlook

On a global scale, North America is the largest share contributor in the PVA Films market and expected to dominate the market with slow growth during the forecast period due to an increase in detergent packaging in hotels, supermarkets and hypermarkets. Europe is the second largest share contributor in the PVA Films market and expected to grow at a stagnant rate during the forecast period due to the rise in e-commerce and retail business.

Asia Pacific region and especially China, Japan, India, and South Korea are expected to grow significantly in PVA Films market during the forecast period due to an increase in demand for agrochemical packaging and food products. Latin America and Middle East & Africa are anticipated to grow moderately in the PVA Films market during the forecast period due to expansion of industrial areas over the last few years.

PVA Films Market: Key Players

Some of the key players in PVA Films market are Nippon Synthetic Chemical Industry Co., Ltd., Kuraray Co., Ltd., Sekisui Chemical Co., Ltd. AMC Ltd., Cortec Corporation, Arrow Coated Products Ltd., MonoSol LLC, Changzhou Water Soluble Co. Ltd, Aicello Corporation, Biodegradable Product Institute, Shanghai Yuking Water Soluble Material Tech Co., Ltd., Anhui Wanwei Group Co.,Ltd, BASF SE, Polychem, Polysciences, Inc., Spectrum Chemical Manufacturing Corp., Weifang Huawei New Materials Technology Co., Ltd, Ecomavi, Jiangmen Proudly Water-Soluble Plastic Co., Ltd., Sigma-Aldrich Co. Carst & Walker, Japan Vam & POVAL Co. Ltd., Polychem Limited, Polysciences, Inc and Spectrum Chemical Manufacturing Corp.

PVA Films Market: Impact of COVID-19

PVA Films market is expected to get affected by the impact of COVID-19 pandemic to a moderate extent. The outbreak of the COVID-19 pandemic has severely damaged the economic growth of developed as well as developing countries. Only essential goods manufacturing units are allowed to be functional by the governments in many countries around the world. As the whole market is disturbed with economical imbalance, the PVA Films market growth is expected to slow down during the course of the COVID-19 pandemic outbreak but grow gradually during the forecast period after the effect of pandemic gets slowed down.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Advanced packaging has opened new paradigm in chip making and has transformed semiconductor fabrication processes. Foundries have increasingly benefitted from the automation of advanced packaging process, especially underpinned by growing initiatives by electronic design automation. Efforts are being made to make advanced packaging meet the various conditions of power dissipation, field operation, and most importantly the cost. The evolution of the advanced packaging market also stems from the need for high-performance chips for a range of consumer electronics. This has bolstered the demand for 3D and 2.5D packaging in chips that are used in smartphones and several other mobile devices. Moreover, advances in panel-level fan-out technologies has also opened new avenues in the advanced packaging market.

Growing adoption of next-generation semiconductor platform is propelling the uptake of different advanced packaging techniques. Over the past few years, an assortment of new system-level chip designs have been developed by key semiconductor packaging companies. Chipmakers are seeing new heterogeneous integration techniques process for combining nodes in chip making, which have enabled them to come out with new designs.

Global Advanced Packaging Market: Notable Developments

The global advanced packaging market has been witnessing new avenues from technology licensing agreements leading to the expansion in Panel Level Packaging (PLP) and FOWLP technologies. Particularly, this will help providers of advanced packaging solutions to offer new fan-out packaging technologies. Key providers in the advanced packaging market are also expanding their semiconductor lines.

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A Korea-based advanced packaging solution provider Nepes announced in October 2019 that it has decided to license the advanced packaging technology–M-Series—from Deca Technologies Inc., a relatively new wafer-level interconnect foundry. It will also take semiconductor packaging fab. Particularly, it will acquire fan-out wafer-level packaging (FOWLP) production line of Deca Technologies. Such developments considerably expand the potential of the advanced packaging market.

FOWLP is a market characterized by a few players, possibly because it has high-entry barrier. This presents Nepes sizable opportunities to strengthen its foothold there. The company plans to leverage the competitive gains within five years of the acquisition. Acquisitions such as these bolster the prospects of the advanced packaging market by stirring its popularity in mobile chipsets manufacturing.

Some of the prominent players operating in the advanced packaging market are:

Samsung Electronics Co., Ltd.
Intel Corporation
Advanced Semiconductor Engineering Inc.
TSMC
Amkor Technology, Inc.
STATS ChipPAC Pte. Ltd
Samsung Electronics Co. Ltd

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Global Advanced Packaging Market: Key Drivers

Growing need for advanced wafer packaging techniques for fast expanding IoT and next-generation mobile chipsets is driving the advanced packaging market. Rising demands of high-performance gadgets in developing economies has kept the market increasingly lucrative over the years.

Increasing adoption of AI in industrial automation will bolster the demand for high-end chips fabricated using advanced packaging. The advanced packaging market has seen lithography fabrication processes gathering steam. Further, heterogeneous integration techniques are gathering steam among packaging service providers.

Growing popularity of fan-out wafer-level packaging world over has helped underpin new prospects in the advanced packaging market. However, other wafer-level packaging technologies are not growing at an attractive pace. A fast growing logic chip industry in developing regions is also boosting the advanced packaging market. Over the past few years, wafer manufacturing service providers have relentlessly worked on expanding their product portfolio and meet the needs of globally prominent semiconductor manufacturers.

Global Advanced Packaging Market: Regional Assessment

The global advanced packaging market is witnessing sizable revenues in Asia Pacific and North America. Particularly in Asia Pacific, a fast expanding semiconductor industry to meet a wide cross-section of consumer demands for next-generation mobile device. In key economies of the region, IC industry has made rapid strides, thus boosting the revenue generation from the Asia Pacific advanced packaging market. Other key regions are Europe, Latin America, and the Middle East and Africa.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Thermal paper changes colour upon exposure to heat & light owing to the presence of a coating pigment. In addition, these papers are highly durable and have high sensitivity towards external adulteration. As a substitute for cash registers, thermal papers are generally used in POS terminals to serve banking, retail, medical and entertainment industries owing to their compatibility with several types of printing machines. Thermal papers provide a clear print for an extended period as compared to traditional print paper. Nowadays, the demand for BPA-free or Phenol-free thermal paper has witnessed significant growth for linerless applications.

Global Thermal Paper Market: Dynamics

Advancements in thermal transfer technology is estimated to drive potential growth opportunities during the forecast period owing to its capability to deliver multi-colour paper. Moreover, the rising demand for thermal paper for asset tagging as well as certification labels for cold storage products & laboratory specimens is also expected to drive the market over the forecast period.

However, a substantial increase in online POS (or mobile-POS), especially in developed countries, is expected to hamper the growth of conventional paper tags & labels, which is, in turn, expected to hamper the demand for thermal paper in the coming years.

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Global Thermal Paper Market: Company Developments and Industry-Level Trends

Key market participants are focusing on improvements in terms of thermal paper design as well as advancements in manufacturing equipment/applicators across the globe.

In 2017, Mitsubishi HiTec Paper launched THERMOSCRIPT LL 77 series of thermal papers at Labelexpo Europe 2017 in Brussels to offer a cost-effective phenol-free linerless labelling solution. Mitsubishi HiTec Paper offers a wide range of excellent coated specialty papers.

In October 2018, BIXOLON Europe GmbH, which is a subsidiary of BIXOLON Co. Ltd. and a leading manufacturer of label, POS and mobile printers, announced the launch of the new Direct Thermal POS printer, an SRP-E300 cost-efficient and durable 3-inch (80mm) printer. It has a cost-effective ticket and receipt printer, which makes it ideal for banking, retail and hospitality applications.

Global Thermal Paper Market: Segmentation

The global thermal paper market can be segmented on the basis of printing technology and applications.

The global thermal paper market can be segmented on the basis of printing technology type into:

Direct Thermal
Thermal Transfer
Others

The global thermal paper market can be segmented on the basis of applications into:

Thermal paper for Point of Sale & Fax Applications
Thermal paper for Lottery & Gaming Applications
Thermal paper for Transport Applications
Boarding Pass
Train Ticket
Parking Ticket
Others

Thermal paper for Medicinal Applications

Thermal paper for Banking, Financial Services and Insurance (BFSI) Applications
Thermal paper for Packaging Labels & Tags Applications
Other Thermal paper Applications (Security paper, etc.)

Global Thermal Paper Market: Regional Outlook

The global thermal paper market is segmented into seven regions, namely Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan.

The market for paper-based packaging is largely established in developed economies like USA, Germany and Japan owing to the highly developed manufacturing & service industries in this regions. Advanced manufacturing equipment, coupled with strong research & development, has contributed to market growth in these countries.

However, China has a competitive advantage due to low manufacturing cost as compared to the other countries, and this is expected to sharply improve its share in the international market. At present, China is the one of the largest consumers of thermal paper, however, it has lagged in quality, and this has led to the production of low-end thermal papers.

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Global Thermal Paper Market: Key Players

Some of the key players currently operating in the global thermal paper market are:

Appvion Incorporated
Mitsubishi Paper Mills Limited
Oji Holdings Corporation
Koehler Paper Group
Nakagawa Manufacturing (USA), Inc.
Siam Paper Public Company Limited
Jujo Thermal Ltd.
Ricoh Company, Ltd.
Shandong Chenming Paper Holdings Ltd
Henan Province JiangHe Paper Co., Ltd.
PM Company L.L.C.
Guangdong Guanhao High-Tech Co., Ltd.
Hansol Paper Co Ltd
Jiangsu Wampolet Paper Co., Ltd.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Motion sensing is a rising technology that is transforming the way equipment interacts with machines and humans in the form of detection. Motion sensor is not only used in business and infotainment applications but also in routine activities in homes and other settings.

The global motion sensor market is primarily driven by factors such as increasing application of motion sensors in automotive industry and consumer electronics industry. Motion sensors in the automotive sector are used in advanced driver assistance systems (ADAS), airbag deployment systems and security among others. The automotive industry growth in the developing nations of Asia Pacific can be attributed to rising domestic demand of cars having new technological advancements. Increase in purchasing power of people, improvement in the global economic scenario and the requirement of vehicles are boosting the demand for automotives, globally. Due to growth of the automotive sector, the demand for motion sensors will increase as many luxury vehicles are introducing large number of motion sensor products. Moreover, advanced hybrid and electric vehicles extensively use motion sensors.

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Based on types, the motion sensor market is segmented into MEMS magnetometers, MEMS accelerometers, MEMS gyroscopes, ultrasonic sensors and sensor combos. MEMS accelerometers garnered the maximum revenue in 2014. MEMS accelerometer motion sensor is used to detect earthquakes and is also used in detecting medical devices such as artificial body parts among others. MEMS magnetometers are generally used for purposes such as calculation of the magnetic material.

Based on the various technologies, the motion sensor market is segmented into infrared sensor, microwave sensor, tomographic sensor, ultrasonic sensor and others. Infrared sensor garnered the maximum revenue in 2014. Infrared sensor is further sub segmented into passive infrared and active infrared. Active infrared dominated the market in 2014 and expected to retain its dominance during the forecast period of 2015 – 2023. Microwave sensor held the second largest market after infrared sensor in 2014.

In terms of application, the global market is segmented into industrial , automotive , consumer electronics, fitness and wellness, health care, aerospace and defense and others. Industrial application is further segmented into lighting controls, service robotics and fire alarms and smoke detectors. Consumer electronics is sub segmented into gaming and entertainment, wearable devices, smartphones and tablets and others. The sub segmentation of automotive applications market includes advanced driver assistance system, airbag deployment system, security and others. Investment in research & development and new product developments is estimated to contribute to market growth over the estimate period of 2015 -2023. Additionally, rising popularity of wearable technology is anticipated to boost the demand of the consumer electronic sensors industry. Moreover, Motion sensor devices are used to monitor the activity in the immediate vicinity of the car. It is also used in automotive applications for a security system to monitor the activity outside the car.

Based on the geography, motion sensor market is segmented into North America, Europe, Asia Pacific and RoW. Among all the regions, in terms of revenue, Europe held the major market share, accounting for 43.2% in 2014, followed by North America. This trend is anticipated to be the same over the estimate period. Major semiconductor companies and equipment manufacturers in Europe are focusing on business expansion across the region and setting up new plants for increasing their production capacity. The motion sensor market in Europe is anticipated to rise with its rising applications in consumer electronics such as smartphones and tablets among others. Asia Pacific is expected to be fastest growing among all others regions. Asia Pacific is also a lucrative market for consumer electronics and industrial application which in turn, is fueling the growth of the motion sensor market.

Key players profiled in this report include Robert Bosch GmbH (Germany), Honeywell International, Inc(U.S.), Microchip Technology, Inc.(United States), Murata Manufacturing Co. Ltd.( Japan), Invensense Inc.( United States), Memsic Inc.( United States), Kionix Inc.(U.S.), Analog Devices, Inc.(U.S.), NXP Semiconductors N.V.( The Netherlands) and ST Microelectronics(Switzerland) among others.

Motion Sensor Market to Rise Exponentially with the Increasing Adoption of Consumer Electronics

Motion sensing in simple words means providing brains to a machine. This market is expected to witness notable growth in the coming years on account of the quickly advancing automobile industry. Motion sensor can be applicable for both infotainment and business applications as well as routine activities for industries and residents worldwide. The rising advancement of the consumer electronic industry is also expected to promote the growth of this market in the coming years.

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Motion sensors in cars are utilized in airbag organization frameworks, security, and advanced driving assistance systems (ADAS), among others. The growth of the auto business development in the agricultural countries of Asia Pacific can be ascribed to rising homegrown interest of vehicles having new mechanical headways. Expansion in buying force of individuals, improvement in the worldwide monetary situation and the necessity of vehicles are boosting the demand for automotives, internationally. Because of development of the car area, the interest for movement sensors will increment as numerous extravagance vehicles are presenting enormous number of movement sensor items. Additionally, advanced electric and hybrid vehicles have now started installing motion sensors, thereby boosting the market in the coming years.

The broad utilization of Micro-electro-mechanical Systems (MEMS) innovation has brought about scaling down of movement sensors and this looks good for the market. Expanding appropriation of MEMS-based movement sensors can be ascribed to require for location and forecast of normal cataclysms, for example, torrents, seismic tremors, and volcanic emissions.

The beginning of the advancement of shrewd homes and ascends in the quantity of family unit applications, for example, mechanized lighting control and home control is foreseen to impel the market. Likewise, multiplication of cell phones, wearable gadgets, and tablets is probably going to enhance market improvements soon. The developing utilization of mechanical technology utilized for family and business applications that fuse movement sensors and detecting advances are additionally expected to instigate market development.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Smart lighting frameworks installed with different sensors and remote innovation can generously diminish power utilization contrasted with conventional lighting systems. One of the most conspicuous uses of smart lighting incorporates business and mechanical structures. Lightings in business and modern structures add to around 40% of the total power consumption. Moreover, most of the lightings introduced in structures stocks depend on the more seasoned and less vitality effective lighting innovation. The structure proprietors and different partners are progressively getting mindful of and tolerating the requirement for savvy lighting to trim down vitality utilization. This factor has brought about the development of smart lighting market during the estimated period. Moreover, progressive change from conventional lighting or lights to more vitality proficient LED lights is ascribing to the development of the smart lighting market across the globe.

Business and industrial uses are the significant application segments of the smart lighting market followed by open and government structures, outside lightings, and private structures. Likewise, the business and industrial segment is required to keep up its administration during the gauge time frame ascribed to flood sought after for power proficient lighting in enterprises and business structures essentially planned for diminishing power consumption. Furthermore, expanding selection of smart lighting out in the open and government structures is driving the development of the general smart lighting market across the globe. In addition, the prerequisite of remote checking and computerized lighting controls are further driving the development of smart lightings in private and other indoor application sections.

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Rapid developments in the innovation are viewed as one of the significant explanation boosting the smart lighting market's development. Rising urbanization and increment in development exercises is prompting flood in number of private structure, which is impacting the smart lighting market. Appeal for power proficient lighting is forecasted to assume a significant job in pushing the market the forward way. Developing interest for lights outfitted with remote and sensor innovation has additionally preferred the development of the market. Aside from these, appeal for smart canny road lights to dodge mishaps and empower brilliant city idea is encouraging the development of the global smart lighting market.

Global smart lighting market is driven by increasing demand for energy efficient lighting systems primarily aimed at reducing energy consumption in commercial and industrial buildings. In addition, advancements of sensors and connecting technologies in the field of smart lighting are further boosting the market growth. Furthermore, increasing penetration of energy efficient lighting such as LED lamps is further fueling the growth of global smart lighting market during the forecast period.

Smart lighting systems embedded with various sensors and wireless technology can substantially reduce energy consumption compared to traditional lighting systems. One of the most prominent applications of smart lighting includes commercial and industrial buildings. Lightings in commercial and industrial buildings contribute to around 40% of the total energy expenditure. Presently, the majority of the lightings installed in buildings stocks are based on the older and less energy-efficient lighting technology. The building owners and other stakeholders are increasingly becoming aware of and accepting the need for smart lighting to trim down energy consumption. This factor has resulted in the growth of smart lighting market during the forecasted period. Furthermore, gradual transition from traditional lighting or lamps to more energy efficient LED lamps is attributing to the growth of the smart lighting market globally. Ability of LEDs to adjust light color, intensity and directions is leading to increasing incorporation in smart lighting solutions. Surge in installation of LED lamps by replacement of traditional lamps is expected to boost the global smart lighting market growth during the forecast period.

The global smart lighting market is divided based on lighting type into five segments: LED lamps, fluorescent lamps, compact fluorescent lamps, high intensity discharge lamps and others. LED lamp segment have the highest growth potential during the forecast period attributed to the ability of substantially reducing energy expenditure in end user applications such as commercial and industrial buildings. However, incorporation of LED lamps requires high initial investment due to elevated price of LED lamps compared to traditional lighting such as compact fluorescent lamps and fluorescent lamps. Overall the LED lamp type segment is expected to see a robust growth throughout the forecast period owed to its high life expectancy and features such as dimming and varying light color and temperature.

The smart lighting market can be segmented based on components into: controllable breakers, relays, dimmer actuators, sensors, switch actuators, and others. In terms of revenue, controllable breakers held majority share of the smart lighting market in 2014 and is expected to continue its leading position throughout the forecast period. Demand for smart controllable breakers with advanced programmable features have attributed to increasing replacement of traditional breakers, driving the growth of the segment.

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Based on application, the market has been segmented into five types, which includes commercial and industrial, residential, public and government buildings, outdoor lighting, and others. Commercial and industrial is the major application segments of the smart lighting market followed by public and government buildings, outdoor lightings, and residential buildings. In addition, the commercial and industrial segment is expected to maintain its leadership during the forecast period attributed to surge in demand for energy efficient lighting in industries and commercial buildings primarily aimed at reducing energy expenditure. In addition, increasing adoption of smart lighting in public and government buildings is driving the growth of the overall smart lighting market globally. Moreover, the requirement of remote monitoring and automated lighting controls are further driving the growth of smart lightings in residential and other indoor application segments.

Key players in the smart lighting market are Royal Phillips N.V. (Netherlands), Zumtobel Group AG (Austria), Acuity Brands, Inc. (U.S.), Encelium Technologies, Inc. (U.S.), Digital Lumens, Inc. (U.S.), Honeywell International Inc. (U.S.), Legrand SA (France), Osram Licht AG (Germany), Streetlight Vision (France) and Lutron Electronics, Company, Inc. (U.S.) among others.

Change in Consumer Preference for better interiors and LEDs will Drive Smart Lighting Market

The rising demand for energy-efficient lighting systems is a prime factor promoting the growth of the global smart lighting system market. Smart lighting structures introduced with various sensors and distant development can liberally decrease power usage stood out from traditional lighting frameworks. In general, smart lighting is utilized for business and mechanical constructions, the increasing demand for which will propel growth of the market in the coming years.

The design owners and various accomplices are continuously getting aware of and enduring the prerequisite for clever lighting to manage down essentialness usage. A major part of the lightings presented in designs stocks rely upon the more prepared and less essentialness successful lighting development. This factor has achieved the improvement of smart lighting market during the assessed period. Also, change in consumer preference from customary lighting or lights to greater essentialness capable LED lights is crediting to the advancement of the smart lighting market across the globe.

The global market for smart lighting is driven by the rising interest for energy productive lighting frameworks principally pointed toward lessening energy utilization in business and modern structures. Moreover, progressions of sensors and interfacing innovations in the field of smart lighting are further boosting the market development. Moreover, expanding infiltration of energy proficient lighting, for example, LED lights is further energizing the development of worldwide smart lighting market during the gauge time frame.

Smart lighting frameworks inserted with different sensors and remote innovation can considerably diminish energy utilization contrasted with customary lighting frameworks. Besides this, slow progress from customary lighting or lights to more energy proficient LED lights is crediting to the development of the smart lighting market worldwide. Capacity of LEDs to change light tone, force and headings is prompting expanding consolidation in smart lighting arrangements. Flood in establishment of LED lights by substitution of conventional lights is relied upon to support the worldwide smart lighting market development during the conjecture time frame.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Different companies in the medium-voltage switchgear market in several regions are facing unique set of challenges and opportunities during the COVID-19 crisis. Schneider Electric – a European multinational company providing energy and automation digital solutions is working in full capacity to ensure business continuity by maintaining critical infrastructure and focusing on consumer & partner expectations.

Moreover, new coronavirus strains are questioning the efficacy of vaccines. This is anticipated to further extend the recovery period of the world economy. Hence, manufacturers in the medium-voltage switchgear market are adopting digital resiliency and 24/7 technical support to provide demand-shaping customer solutions. India's power sector, on the other hand, is facing declining industrial activity due to the COVID-19 crisis.

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Indoor V/S Outdoor Switchgear: Which is Better?

The global medium-voltage switchgear market is projected to reach the valuation of US$ 44 Bn by the end of 2031. Indoor switchgear are considered reliable and safe as compared to outdoor switchgear. However, the high installation cost of indoor switchgear tends to balance out the choice between the two.

Outdoor switchgear require less capacity of infrastructure for installation. However, the cost of maintenance is high of outdoor switchgear as compared to indoor switchgear. Indoor switchgear tends to take lesser space as opposed to outdoor switchgear. On the other hand, the major erection work for outdoor switchgear is much less than indoor switchgear. In addition, metal-clad switchgear is more advantageous than metal-enclosed switchgear, since the former is highly customizable.

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Digital Switchgear Enables Flexible Condition Monitoring, Raise Safety Standards

Digital switchgear, advanced fault current protection, and condition monitoring are bolstering the growth of the medium-voltage switchgear market. ABB Ltd. – a Swedish-Swiss multinational corporation operating in robotics, power, and heavy electrical equipment is gaining recognition for its switchgear that reduce footprint, deploy flexible condition monitoring, and raise safety standards across industries.

Energy savings, reduced weight, and quicker delivery times with digital systems are generating revenue opportunities for companies in the medium-voltage switchgear market. New sensor technology, software, and intelligent circuit breakers in digital medium-voltage switchgear are contributing to asset health monitoring. Digital switchgear are being associated with reducing the total cost of ownership and handle last minute load changes.

Sulfur Hexafluoride-free Switchgear Technology Helps Manufacturers Address Climate Change

The pure air technology is increasingly replacing the SF6 greenhouse gas commonly used in grid and industrial electrical installations. Schneider Electric's new SM AirSeT medium voltage switchgear has gained recognition at the Innovation for Cool Earth Forum (ICEF) for reducing reliance on sulfur hexafluoride (SF6) greenhouse gas and introducing pure air in switchgear.

Companies in the medium-voltage switchgear market are gaining awareness about climate change. Such trends are giving rise to digital switchgear and the pure air technology. Manufacturers in the medium-voltage switchgear market are gaining a strong research base in the SF6-free switchgear technology, which is helping to build green grids and eco-friendly industrial electricity systems. Pure air insulation is anticipated to gain prominence in numerous electric utilities, including private power networks for commercial and industrial applications.

Ready-to-customize Medium-voltage Switchgear Help Access Power with Limited Investment

New trends such as build-your-own medium-voltage switchgear with the help of robust components are translating into business opportunities for stakeholders in the medium-voltage switchgear market. With the help of latest technologies and comprehensive product range, end users are able to customize their electrical installations.

Companies in the medium-voltage switchgear market are increasing the availability of pre-assembled systems that are a fast and secure way to access power with limited investment. Thus, customization of low- and medium-voltage switchgear is helping stakeholders to expand their revenue streams. Certified and tested switchgear are a cost-efficient way to access power with limited investment. Ready-to-customize switchgear are potentially reducing investments in R&D in existing infrastructure installations.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Set to grow at a magnificent rate (CAGR – Compound Annual Growth Rate) the global smart water management market is ready to reach a significant market valuation by the end of the forecast period – from 2019 to 2027. Some of the significant reasons behind the steady growth projected for the market over the stated period are growing demand for quality water services, and up-gradation of water related infrastructure. Besides, growing digitalization of the utilities sector is also supporting growth in the market. Additionally, it is worth noting here that the government regulations emerging in the market landscape are also favouring growth.

Global Smart Water Management Market: Notable Development

The global smart water management market is expected to grow at an impressive CAGR owing to a couple of reasons. Some of these are related to the active vendor landscape of the market. Certain developments that have happened in the recent past and are ready to shape the future of this marketscape are outlined below:

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In the year 2019, Itron and Xcel Energy forged an alliance to improve market penetration (for former), and efficiency, reliability, and security (for the latter). In the same year, Maximo Asset Monitor was launched by IBM. It is a monitoring solution that is powered by artificial intelligence technology or AI. By helping high value assets (physical) gain improvement in performance, it allows for better maintenance and operations. Additionally, in 2019 itself, Kemira and ABB entered into a partnership to combine ones expertise in treatment of water with other's automation solutions.

The global smart water management market is fragmented and with entry of new players, the competitive landscape is predicted to be more fragmented. Key names in the global smart water management market are:

ABB (Switzerland)
Arad Group (Israel)
AquamatiX (UK)
Badger Meter (US)
Honeywell Elster (US)
Huawei (China)
HydroPoint (US)
IBM (US)
i2O (UK)
Itron (US)
Oracle (US)
Landis+Gyr (Switzerland)
Sensus (US)
Schneider Electric (France)
Siemens (Germany)
Suez (France)
SenzIoT (India)
TaKaDu (Israel)
Trimble Water (US)
XENIUS (India)

Global Smart Water Management Market: Key trends and driver

It is pertinent to note here that a plethora of trends and drivers are supporting growth in the global smart water management market. Some of these are outlined below:

Demand for quality water management is increasing as need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water management.
In order to ensure water management is proper, need to improve existing infrastructure is high and this is leading to demand for smart water management, helping the market take a high growth trajectory.

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Global Smart Water Management Market: Regional Analysis

The Asia Pacific region (APAC) holds a major chunk of the market share and the trend is set to roll into the forecast period, for which the market is assessed in the upcoming report of Transparency Market Research. Some of the factors underscoring this growth are a massive population marking the region, industrialization, and urbanization. Besides, owing to the massive consumer base, move towards any technology would have a notable impact on the global smart water management market. Information intensive technologies are already making in-roads into the region owing to adoption by countries such as Japan, India, and China. This helps them plug demand gaps in utilities sector. Thus, it is pertinent to mention here that the region will offer players operating in the global smart water management market with great opportunities.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Industry 4.0 is expanding at an unprecedented rate. With the expansion of fourth industrial the global predictive analytics market is also expected to grow substantially in the projected tenure of 2019 to 2027. Moreover, growing industrialization and demand for automation in almost every business vertical is also anticipated to fuel the growth of market during the tenure of 2019 to 2027. Additionally, with the technological developments in business sectors such as manufacturing and logistics, the demand for predictive analytics solutions is projected to grow exponentially in coming years. This as a result is projected to boost the growth of global predictive analytic market from 2019 to 2027.

A Transparency Market Research report offers a 360 degree view of the market and helps the readers to understand the dynamics that are prevalent in the global predictive analytics market. The repot enlightens key areas such as development, trends, challenges, and opportunities that is driving the growth of market.

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Global Predictive Analytics Market: Notable Developments and Competitive Analysis

The global predictive analytics market is highly competitive and fragmented. This scenario of the market makes the entry of the new players difficult for the new players. This because of the presence of well-established players that dominates the market.

To withstand this situation, the new players are involving in several mergers and collaborations. These strategies are helping the players to acquire resources that can help them achieve sustainability in the global predictive analytics market in the duration of 2019 to 2027. Also, the players are developing new solutions that can help them grow significantly in the market.

On the other hand, the established players are acquiring small and medium scale businesses to expand the production and distribution network. This allows the players to tap into several untouched regions of the global predictive analytics market. Additionally, the companies are investing a huge amount in strategies such as product launch and research and developments. With the help of these strategies, the prominent players are projected to acquire a competitive edge over their rivals in market.

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Global Predictive Analytics Market: Key Drivers

Growing Technological Developments Drive the Growth

Technology is the major driver of the predictive analytics market. It is because of implementation of IoT and data science is possible in manufacturing and other industries. Moreover, value addition is another trend that every business is striving for these days. This is also a major factor that is projected to boost the growth of global predictive analytics market. Additionally, the modernization of businesses with automation and other technologies is also anticipated to drive the growth of market from 2019 to 2027.

Growing Industrialization Fuels the Market's Growth

Industrialization is one of the major factor that boosts the growth of global predictive analytics market. Various industries are demanding a solution that can predict when their machine is about to get damaged. They are implementing sensors that can analyze the patterns and predict the outcome or any anomaly in the operation of the machine. This as a result prevents the businesses to engage into downtime of the machine and improve the productivity. This advantage is also expected to boost the growth of market in the duration of 2019 to 2027.

Global Predictive Analytics Market: Regional Outlook

North America is projected to emerge as the leader in the regional domain of predictive analytics market during the projected time frame. This domination is the result of growing demand for automated operations and heavy technological implementations in industries across U.S. and Canada. Based on these developments, the market shall be led by North America on regional front during the tenure of 2019 to 2027.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Home healthcare is a wide segment consisting of various software, products and services which are provided at patients' home. The trend observed globally is the shift of treatment from hospitals to homes in order to save expenses and gain cost effectiveness. The convenience and cost effectiveness offered by the home healthcare services and treatments over hospital treatment are the driving forces for this market. In the home healthcare market third party service providers are witnessing huge demand for better treatment quality and trained professionals. Asian countries such as Japan, India and China show high demand for home healthcare, as they contain a growing aging population. North America is also showing constant growth in the home healthcare market as reimbursement is offered on specific devices and health policies in the U.S.

Cost & convenience, increasing awareness, rising prevalence of diseases & the growing aging population, technical advancements in healthcare segment and rising incidence of chronic diseases globally are some driving forces for global home healthcare market. Some of the factors restraining the growth of the home healthcare device market include changing nature of reimbursement policies, limited coverage for home healthcare devices, changing technologies and regulatory obstacles for the new era devices. Players in the home healthcare market can seek opportunities in cost efficient devices through strategic aligning and telehealth patient monitoring

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Global Home Healthcare Software Market: Segmentation

The home healthcare software market is segmented on the basis of type of equipment, type of service provided and region. On the basis of type of equipment, the home healthcare market is segmented into monitoring equipment, therapeutic equipments and mobility assist & other equipment. This monitoring equipment segment is further segmented into home diabetes care devices, home holter monitors, home pregnancy/fertility tests, heart rate meters, home – apnea & sleep monitors, home patient monitors and other home patient monitors. Home healthcare therapeutic equipment segment is further segmented into home respiratory therapy equipment (medical ventilators and accessories, medical nebulizer kits and devices, continuous positive airway pressure products and oxygen delivery systems), home IV equipment, home insulin delivery devices, home dialysis equipment, hearing aids market and other home therapeutic equipment. Mobility assist equipment segment is further segmented into wheelchairs and related devices, walking assist devices and home medical furniture.

Home healthcare services market is segment into respiratory therapy services, infusion therapy, unskilled home healthcare and rehabilitation service providers (speech therapy, occupational therapy and physical therapy). On the basis of region, the home healthcare software, product and service market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW).

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Global Home Healthcare Software Market: Competitive Dynamics

Some major players in the home healthcare software, product & service market are Abbott Laboratories, Air Liquid S.A., Amedisys Inc., American Homepatient Inc., Apria Healthcare Group inc., Baxter International Inc., Bayer Ag, B. Braun Melsungen Ag, Carefusion Corporation, Coloplast A/S, Convatec Inc., Covidien Plc., C.R. Bard Inc., Eli Lilly and Company, Fresenius SE & Co Kgaa, GE Healthcare, Gentiva Health Services Inc., Philips Healthcare, Invacare Corporation, Lincare Holdings Inc., Medtronic Inc., Novo Nordisk, Siemens Healthcare, Sunrise Medical Inc., and Teleflex Incorporated, among others.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Zero-trust security is a new form cyber-security which works on the principle of zero-assumed trust. The security solutions require each and every insider and outsider to provide authentic verification before entering the secure network. The principle is gaining popularity as it has shown capabilities in stopping security breaches. Additionally, it also promises a cost-effective, simple-to-use, and reliable security mechanism. The security system is in contrast with conventional castle and moat approach to security. In earlier approaches, insiders were trusted by default. This made it difficult to oversee a transfer of communication and created several challenges as information transferred freely from inside-out with often complex, cumbersome, and sometimes extremely risky manner. A recent study by IBM shows that the cost of security breach on average is 3 million US dollars. Simple mechanism used by the zero-trust security solutions makes them effective for building trust and remaining cost-effective in the long run.

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Global Zero-Trust Security Market: Notable Developments

The national cybersecurity center of excellence plans to test zero-trust security architecture used by federal agencies and financial institutions. The agency earlier released a definition of zero-trust architecture and plans to offer more revealing public insights about the security systems. This is expected to add more clarity to players in the global zero-trust security market and consumers as well. This can be a major opportunity as a pat on the back from the agency can boost the prospects of current players tremendously. Additionally, the agency is also expected to provide better use guidance to future users through the review as some institutions simply do not use the solutions properly or do not use it regularly.

President Trump announced a budget hike for cyber-defense this year measuring to $17.4 billion. The budget was estimated to rise to $16.6 bn. However, the US federal government has opted for a proactive approach to cyber-security amidst rising threats. The continuous cyber threats continue to cripple various government entities around the world. Attacks for ransom ware have also targeted major tech giants like Adobe, and popular consumer devices like PlayStation in an attempt to extort ransom. According to some estimate, the cost of cyber-threats in 2019 can reach several trillion dollars. The growing cyber-threats and proactive policies of the federal government promises lucrative horizon for players in the global zero-trust security market.

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Global Zero-Trust Security Market: Drivers and Restraints

Technologies like machine-learning and increasing move of financial institutions towards cloud-systems are expected to drive growth of the zero-trust security systems. These systems are ideal for sensitive sectors like finance, where solutions like biometric security provide an ideal solution for entering secure networks. Additionally, the growth of machine learning is ideal for detecting new threats amidst a sea of rising challenges in the security sector. The growth of the technology, rising investment in new technologies, and increasing shift to the cloud are expected to remain major drivers of growth.

Global Zero-Trust Security Market: Geographical Analysis

The global zero-trust security market is expected to register considerable growth in North America region. The region is home to several tech companies, and is driving growth for supporting technologies like biometric security, AI, and Machine learning. The region is also witnessing a major shift to clouds as major firms like Amazon, Google, Microsoft drive a push towards cloud with competitive plans and supporting infrastructure. The growth of the cloud coupled with innovation from the tech industry is expected to drive growth of the global zero-trust security market in the region. Asia Pacific and Europe are also expected to surge ahead as increased reliance on a paperless economy drives growth for the regions.

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As per a report by TMR, the global juice market is likely to reach a value of US$117.89 bn by 2025 vis-à-vis revenue increasing from US$89.56 bn in 2016 expanding at a CAGR of 3.4% between 2017 and 2025

Albany, NY -- (SBWIRE) -- 04/14/2021 -- The global juice concentrate market has been anticipated in a publication by Transparency Market Research (TMR) to be significantly fragmented and competitive. There could be a handful of players gaining an edge over other contestants in the market in terms of product differentiation. Players have been predicted to give a tough competition in the industry as they strive to come up with new products that flaunt novel flavors and tastes. Ciatti Company, SkyPeople Fruit Juice Inc., Ingredion Incorporated, Dohler Company, and Archer Daniels Midland Co. are some of the leading names of the market. The publication has provided a detailed view of how the competitive landscape could shape in the near future.

TMR has envisaged the global juice concentrate market to secure a staggering revenue of US$117.89 bn by the completion of 2025 after advancing from an US$89.56 bn valuation attained in 2016. Between 2017 and 2025, the market could post a 3.4% CAGR. On the basis of type, the market could see a continuation of the lead achieved by fruit juice concentrate in 2016. By region, Europe has been foreseen to attain supremacy in the market, considering its dominating reach to a US$32.97 bn in 2017.

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Trend of Adopting Healthy Lifestyle for Upkeep of Good Health Drives Sales

Busy lifestyles and changing food habits of people have caused a surge in the attractiveness of convenience foods and beverages. While this could stoke the growth of the world juice concentrate market, there could be a positive influence placed on the demand for various products due to the trending adoption of a healthy way of life. The demand for fruit and vegetable juice concentrates has been expected to see a rise on account of the increasing awareness about healthy living. As more number of people adopt health-benefiting foods owing to a rising consciousness about good health, the demand could continue to increase in the coming years.

Fruit juice concentrate is used in several foods and beverages such as ice creams and curds. If the form of juice concentrate is taken into consideration, clear concentrate has been foretold to gain a larger market share in the near future.

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Awareness about Damaging Effects of Excess Fructose Consumption Dents Growth

Excess consumption of fructose has been scientifically studied to have harmful effects on the body. In this regard, it has been expected of juice concentrates containing a high amount of fructose to see a decline in their demand. However, as per a study provided in the publication, the demand for juice concentrate could rise while riding on strong expenditure on non-alcoholic and alcoholic fruit drink products due to changing economic conditions around the world. Moreover, there has been an increased spending on baby food, yogurt, and ice cream.

Furthermore, there are companies that introduce new flavors in the international juice concentrate market catering to the middle-income group. They have also been keen on introducing products that boast of high nutritional values. Cost-effectiveness and longer shelf life of juice concentrates compared to fresh juices could be other factors augmenting the demand in the market.

The information presented in this review is based on a TMR report, titled "Juice Concentrate Market (Type - Fruit Juice Concentrate and Vegetable Juice Concentrate; Form - Clear Concentrate, Frozen Concentrate, and Powdered Concentrate; Distribution Channel - Online Distribution Channel and Offline Distribution Channel (Supermarkets and Hypermarkets and Departmental Stores); Application - Beverages, Soups and Sauces, Dairy Products, Bakery Products, and Confectionery Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."

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Key Takeaways

Wide usage in several foods and beverages helps fruit juice concentrates to gain an upper hand over vegetable juice concentrates.

Large companies make investments to bring new flavors to the market that are high in nutrition and cater to the middle-income group.

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Essential Oil Market is projected to touch US$17.36 bn by 2017 expanding at a CAGR of 9.60% between 2017 and 2022 and attain a value of US$27.49 bn by the end of 2022

Albany, NY -- (SBWIRE) -- 04/14/2021 -- The competitive landscape of the global essential oil market is highly fragmented landscape, says Transparency Market Research (TMR). This is mainly due to the presence of several key players across the globe. Key players in the market are focusing on novel techniques to improve properties and expand applications of essential oil. Apart from this, players are ramping up their investment in research and development to produce advanced blends for aromatherapy and preservation.

DoTERRA International LLC, The Lebermuth Co. Inc., Young Living Essential Oil, and Enio Bonchev Production Ltd are some of the prominent players operating in the global essential oil market.

According to a research report by TMR, the global essential oil market was valued at US$17.36 bn in 2017. The market is projected to rise at an impressive 9.60% CAGR in the forecast period from 2018 to 2022. Rising at this CAGR, the market is projected to touch a valuation of US$27.49bn by the end of the forecast period

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On the basis of geography, Europe is expected to lead the global essential oil market with the presence of several key players in the region. The market in Europe is subjected to rise at 8.8% CAGR during the forecast period. On the basis of application, personal care and cosmetic is expected to hold maximum share in the essential oil market in the coming years. This is mainly because of the soaring demand for essential oil in manufacturing several cosmetic products.

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Rising Awareness of Essential Oil Benefits to Drive the Market

The global essential oil market is expected to rise at a significant pace. This is mainly due to the factors such as rising awareness among consumers, increase in disposable income and growing application of essential oil in several industries. Apart from this, blooming end use industries such as food and beverage, personal care and cosmetic industry, and aromatherapy is another factor expected to offer a substantial boost to the global essential oil market. Aromatherapy is gaining prominence, especially among urban population, due to changing lifestyles and rising media influence. This has translated into an upswing in the demand for the product.

Despite several drivers, the global essential oil market is projected to witness a few challenges. High prices of essential oil is the prominent factor hampering the wide scale adoption of essential oil market. Furthermore, lack of awareness among consumers about key benefits of certain essential oils is another prominent factor hampering growth of the essential oils market. Nevertheless, spur in research and development of innovative extraction techniques is expected to bolster growth of the essential oil market in developing regions.

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Strong Distribution Channels to Offer Lucrative Opportunities

Increasing adoption of essential oil by people has resulted in emergence and acceptance of a wide range of retail channels across the globe. Apart from accessory shops, home centers, convenience stores, and discount stores, players are launching their online stores to improve their geographical reach. Further, essential oils are believed to possess properties like skin tightening and acne treatment. They contribute to improving quality of hair, nails, and skin, this appeal a large women and female teenage consumers. Swelling working women population base are projected to propel the essential oil market during the forecast period.

This review is based on a TMR report, titled "Essential Oil Market (Product Type - Spice Oil, Spice Seed Oil, Citrus Oil, Herb Oil, and Perfumery Oil; Extraction Method – Distillation, Solvent, and Cold Pressing; Application - Personal care and cosmetic, Food and beverage, Pharmaceuticals, Aromatherapy, and Industrial; Sales Channel - Specialty store, Modern Trade, Drug Stores, and Online Store) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022."

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Global Mixed Tocopherol Market will expand at a 4.6% over the period between 2016 and 2024; the market, which had a valuation of US$2,032.2 mn in 2015, will rise to US$3,040.2 mn by 2024 at this pace

Albany, NY -- (SBWIRE) -- 04/14/2021 -- The global mixed tocopherols market is consolidated in nature. Increase in number of players in the market, with handful of players accounting for maximum share in the market, the market is likely to witness a substantial rate of competition. Five top players which are Davos Life Sciences, Archer Daniels Midlands Company, BASF SE, COFCO Tech Bio Engineering, and DSM N.V., held a whopping share of 65% in recent years. Main focus of the players is in carrying extensive research and development in order to find product with greater efficiency and cost effective. Players are trying to innovate new product which are likely to change the business pattern in the market.

However, it has been witnessed by Transparency Market Research, that the market being consolidated one is likely to show characteristics of fragmented market because of entrance of numerous players in the market. According to TMR, the global mixed tocopherols market is anticipated to expand at stupendous rate of 4.6% CAGR during the forecast period, 2016 – 2024. The market which was worth at US$2.0 bn in 2015 is expected to touch US$3.0 bn by the end of the assessed period.

On the basis of product, gamma tocopherols is prophesized to hold the major share in the market owing to the anti-inflammatory property present in gamma tocopherols as this is extensively used in drug preparation of Alzheimer, atherosclerosis, and cancer. On the basis of geography, global tocopherols market is dominated by Europe and North America, owing to the rapid growth of food and pharmaceutical industries. However, Asia Pacific is anticipated to become the fastest growing market.

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Increasing Demand of Meat and Pork to Augment Demand of Product

Incessant rise in geriatric population all across the world is anticipated to increase the consumption of mixed tocopherols, this is likely to help the global mixed tocopherols market to rise. Old people often tend to have weaker bones, which makes them more vulnerable to fractures, arthritis, and other bone related issue. In order to make the brains stronger, mixed tocopherols are highly suggested. Except this, rising awareness among population making them prefer healthy lifestyle, mostly because of rapid urbanization along rise in disposable income is aiding to increase the uptake of mixed tocopherols. Health supplements, which have gained immense popularity among youth, who aspire to have a good physique, is helping the market to grow. Health supplements consists significant amount of tocopherols. Another important factor that is driving the market is the exponential rise in demand of meat and pork from all over the years. This has particularly surged the demand of animal feed. Animals are fed mixed tocopherols in order to make them healthy. Rise in cosmetics product all across the world is also helping the market to grow.

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Volatile Raw Material Prices to Hinder Market Growth

The global mixed tocopherols market is also faced with various challenges which are likely to deter the growth of the market. One of the primary challenge that is concerning the players in the market is the erratic raw material prices. This is anticipated to create imbalance between the supply and demand of the tocopherols product in the market. The market is generally driven by investing hefty, thus small players in the market which could afford heavy investment, perform miserably in the market, thus pulling down the growth rate.

The information presented in this review is based on a TMR report, titled "Mixed Tocopherols Market (Product - Alpha Tocopherols, Beta Tocopherols, Gamma Tocopherols, and Delta Tocopherols; Application - Pharmaceuticals, Dietary Supplements, and Animal Feed) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024."

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Online CPAs Offering On-demand Services to Tax Payers amidst COVID-19 Outbreak

During these unprecedented times of the ongoing COVID-19 (coronavirus) pandemic, companies in the tax software market are stepping in to help their clients with updates about tax filing deadlines and stimulus check payment updates. For instance, TurboTax— a software package for preparation of the American income tax returns, is committed to provide online CPAs (Certified Public Accountants) and EAs (Enrolled Agents) on demand to solve the queries of clients.

Companies in the tax software market are increasing awareness about new coronavirus tax relief database issued by the U.S. Internal Revenue Service (IRS). These databases are proving up-to-date information about how the pandemic is likely to affect a taxpayer's situation. As such, several states in the U.S. have altered their tax filing deadlines for the year 2020, due to the COVID-19 fallout. Companies in the market for tax software are educating clients to follow the federal guidelines to abide with state filing deadlines.

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Personalized Services for Software Handling Help Increase Client Base

The global tax software market is projected to surpass valuation of US$ 33.6 Bn by the end of 2030. Online websites are ranking the most popular tax software based on their advantages, disadvantages, and pricing. This is helping business owners to make an informed decision with the help of comparison. For instance, the H&R Block Deluxe is being publicized for its clear navigation but has a limited virtual assistant.

Companies in the tax software market are increasing the availability of products that offer personal tax preparation services. In-office services and DIY software are highly preferred by businesses. In order to gain a competitive edge in the market landscape, companies are offering personalized services to clients where the client shares their tax documents and the tax professional prepares the return. Companies are developing software products that offer a comprehensive coverage of tax topics.

CPA V/S Tax Software: Which is better?

Today's available tax software is easy to use and do not require in-depth knowledge about tax preparation. However, it is potentially challenging for handling difficult monetary transactions through a software. In such cases, it becomes convenient for business owners to hire CPAs that offer them customized services. As such, cost efficiency and prompt calculations by software in complicated tax returns tend to offset its disadvantages.

In order to strike the right balance between opting for software and CPAs, companies in the tax software market are offering both products and services to gain market recognition. On the other hand, tax software are gaining popularity in India. ClearTax— a startup providing tax preparation services in Mumbai, India, is gaining market recognition for its software, which offers targeted GST (Goods & Services Tax) solutions to business owners.

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Software Companies Troubleshoot Issues of Unorganized Services to Minimize Technological Gap

Cloud-subscription based software are gaining popularity in the tax software market. For instance, EZTax— an online tax preparation company headquartered in Hyderabad, India, is providing cloud subscription-based software, which is both web and mobile enabled. In order to boost their credibility credentials, companies in the tax software market are increasing efforts to bring both software and services under one roof, as it is generally a complex procedure to file income tax and GST in India.

It has been found that less than 20% of the SMEs (Small & Medium Enterprises) in India are adopting software technology for taxes. Despite resistance from clients to adopt the technology, the global market of tax software is estimated to advance at a striking CAGR of ~12% during 2020 to 2030. Since customers fall prey to unorganized services by professionals, software companies in India are troubleshooting these problems.

Cloud-based Software Help Record Real-time Adjustments in Workpapers

Multinational organizations demand access to real-time global data that provides them with opportunities, risks, and obligations in tax payments. In order to meet these demands, companies in the tax software market are offering platforms that help to gather data from structured and unstructured sources. With the aim to capitalize on revenue opportunities, companies are providing cloud-enabled platforms, such as the Microsoft Azure. As such, emerging players and startups are posing a stiff competition to established software companies in the tax software market.

Cloud-based software platforms allow scalability and flexibility for businesses. Companies are providing software that facilitate co-sourcing and compliance to industry standards. They are innovating in software that help users calculate taxes as per the right geography and right service. Cloud-based software help to record real-time adjustments in workpapers.

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Powerful Pre-built Integrations in Software Support Core Business Applications

Adding accounting services to offered software products has become a mainstream trend in the tax software market. Drake Enterprises Ltd.— a top-tier provider of professional tax preparation software is increasing efforts to build the businesses of clients and attract new customers. The growing trend of online tax filing is acting as a key driver contributing toward growth of the tax software market. Free and unlimited federal and state e-filing solutions are highly preferred by business owners in the U.S. Data and document management features are growing popular in software in order to simplify tax audit.

Automation of end-to-end indirect tax processes is a growing trend in the market for tax software. Powerful software products are being fueled with proprietary content databases that comply with several thousand jurisdictions worldwide. Companies are increasing their portfolio in offering pre-built integrations for core business applications.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Albany, NY -- (SBWIRE) -- 04/14/2021 -- Global Virtual Desktop Infrastructure Market - Introduction

Virtual desktop infrastructure (VDI), also known as desktop virtualization, is defined as the hosting of a desktop structure on a central server. Virtual desktop infrastructure (VDI) facilitates convenient and secure remote access that helps to improve productivity of employees. Virtual desktop infrastructure (VDI) can also be managed and run alongside the developing spectrum of cloud or web, and mobile apps.

Virtual desktop infrastructure (VDI) enhances and supports user flexibility and remote access, as a uniform desktop can be accessed almost from any compatible and approved endpoint in any location.
Impact of Coronavirus (COVID-19) on the Virtual Desktop Infrastructure Market

Lockdown due to an increase in the spread of Coronavirus (COVID-19) across major regions such as Europe, Asia, and North America, has a fairly positive impact on the virtual desktop infrastructure market. Nowadays, organizations have closed their offices in their respective locations and forced their employees to work from home owing to the spread of the COVID-19. This is positively impacting the adoption of virtual desktop infrastructure worldwide.

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Increase in Demand for Virtualization across Enterprises Worldwide Driving the Global Virtual Desktop Infrastructure Market

The advantages of virtual desktop infrastructure includes workforce mobility, centralized management, and also reduced levels of data security threats. In addition, desktop virtualization helps to save authentic data sets and relies on remote servers or data centers. Virtualization for an enterprise combines storage, server, desktop, and application virtualization technologies to build a more cost-effective and flexible infrastructure. It also eases the utilization of applications, servers, and client systems, and covers the approach to dynamically control & manage IT environments. Virtualization combined with cloud computing empower efficient resource utilization and reduced spending on operating systems & multiple applications on the same server.

Virtualization offers effective business operations & better scalability, which helps to boost the adoption of virtual desktop infrastructure, thereby supplementing the growth of the market.

Rapid Growing Adoption of Cloud-based Virtual Desktop Infrastructure Solutions: An Opportunity

Rapidly growing cloud computing applications such as server accessibility, database storage, and wide-ranging application services over the internet enhances the market growth. Various enterprises are focusing on easy & flexible cloud-based desktop virtualization solutions to improve employee productivity. Thus, the various features of cloud-based solutions are expected to drive the market growth during the forecast period.

Low Awareness about the Importance of Desktop Virtualization Hampering the Market

Lack of training and awareness among end-users about the importance of desktop virtualization is the biggest inhibitor to the market worldwide. Organizations do not impart appropriate training to educate their employees about virtual desktop infrastructure to decrease the level of data threats. This is expected to hinder the growth prospects of the virtual desktop infrastructure market during the forecast period.

North America to Account for Major Share of the Global Virtual Desktop Infrastructure Market
In terms of region, the global virtual desktop infrastructure market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa

North America is anticipated to account for major share of the global virtual desktop infrastructure market during the forecast period due to improved security (centralization of IT functions), and enterprises focusing on increasing employee productivity, indicating potential growth of the virtual desktop infrastructure market in the region. Europe is expected to be the second largest market for virtual desktop infrastructure from 2020 to 2030.

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Asia Pacific is projected to be a rapidly growing market for virtual desktop infrastructure during the forecast period due to increasing emphasis on workspace-as-a-service (WaaS), specifically in India, Japan, and China.

Key Players Operating in the Global Virtual Desktop Infrastructure Market

Amazon Web Services, Inc.
Citrix Systems, Inc.
Computacenter Plc
Dell Inc.
Microsoft Corporation
Moka5
Netelligent Corporation
Nutanix
Red Hat, Inc.
Tata Consultancy Services
VMware, Inc.
WorldDesk Ltd.
Others

Global Virtual Desktop Infrastructure Market: Research Scope

Global Virtual Desktop Infrastructure Market, by Solutions

Software/ Platform
Services
Professional
Managed

Global Virtual Desktop Infrastructure Market, by Deployment

Cloud
Private
Public
Hybrid
On-premise

Global Virtual Desktop Infrastructure Market, by Enterprise Size

Small & Medium Enterprise
Large Enterprise

Global Virtual Desktop Infrastructure Market, by End-user

Banking Financial & Services
Government
Healthcare
IT & Telecom
Education
Retail
Manufacturing
Others (Media & Entertainment, Energy & Utilities, etc.)

Global Virtual Desktop Infrastructure Market, by Region

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Singapore
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Manufacturers Continue Commerce During COVID-19 Crisis with Innovations in Compact Power Inductors

Amidst the ongoing COVID-19 crisis, established market players such as Samsung Electro-Mechanics have developed one-of-its-kind claimed smallest power inductors. Manufacturers in the power inductor market are taking strategic cues from established market players to capitalize on business opportunities. As such, there is a growing demand for compact power inductors. Since electronic devices are diversifying in terms of functionalities, manufacturers in the power inductor market are improving the performance of components.

Improvements in the performance and volume of compact power inductors are highly preferred by electronics manufacturers. Manufacturers are applying their material technology and semiconductor substrate manufacturing solutions in the use for reducing the size of power inductors. However, a demand crisis during the COVID-19 pandemic is likely to hurt sales of electronic goods.

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Next-gen Automotive Power Inductors Prevent Self-heating and Improve Vehicle Performance

The ever-increasing automotive industry is creating business opportunities for manufacturers in the power inductor market. Companies are re-engineering power inductors, as extreme pressure on DC/DC convertors need to be evened out over a wide temperature range. Manufacturers in the power inductor market are innovating in next-gen components that deliver high reliability and energy efficiency in vehicles. Space constraints in automotive applications have fueled the demand for compact power inductors. Thus, size minimization is a recurring trend in the power inductor market.

Apart from offering improved saturation characteristics and stability in automotive power inductors, manufacturers are increasing their research efforts to offer low DC resistance in inductors. This helps to prevent self-heating and minimizes energy losses.

Solid-core Inductors Versus Air Core Inductors: Which is better?

Air core inductors are being highly publicized for minimal signal loss in higher magnetic field strengths. However, air core inductors are associated with the need for increased number of turns in a coil necessary to achieve the same inductance that would occur in a solid-core inductor.

The power inductor market is anticipated to progress at a modest CAGR of ~4% during the forecast period. Electronics manufacturers are striving to gain better understanding of solid-core inductors that have low electrical conductivity of air, which translates into low magnetic permeability and lower inductance compared to air core inductors. Both these inductors are balancing out business for manufacturers in the power inductor market, since air core inductors are preferred in radio transmitters.

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Power Inductor Market: Overview

According to Transparency Market Research's latest research report on the global power inductor market for the historical period 2018–2019 and the forecast period 2020–2030, the development of new technologies in smartphones, laptops, televisions, automotive charging systems, and power steering are expected to boost the global power inductor market during the forecast period. Rise in demand for metal alloy power inductors in infotainment systems for use in automotive applications is projected to drive the power inductor market.
In terms of revenue, the global power inductor market is expected to reach a value of US$ 2.9 Bn by 2030, expanding at a CAGR of ~4% during the forecast period

Growing Adoption of Consumer Electronics Devices: A Key Driver

Use of consumer electronic devices has largely increased over the past few years, owing to advancements in technology

Consumer electronic devices include laptops, tablets, notebooks, smartphones, servers, GPS products, set-top boxes, and portable gaming devices. These are extensively used worldwide by all age groups. Continuously increasing adoption of such devices is likely to propel the growth of the power inductor market. Generally, 10-15 power inductors are used in smartphones. The increase in sale of smartphones directly drives the power inductor market.

Various developments and remarkable evolutions in consumer electronics such as advanced smartphones with 4G and upcoming 5G technology have attracted attention of customers toward technologically innovative products and encouraged them to spend on purchasing these products

Furthermore, rising living standards have further contributed to the increase in sales of consumer electronic devices. In high growth regions, the rising penetration of emerging Internet technology such as 5G has largely spurred users interest toward the adoption of advanced digital devices.

Adoption of smartphones has been increasing across high growth regions over the past few years as a result of rising investment in the 5G technology by network operators in all developing regions. According to the GSM Association, a trade body of mobile network operators, the 5G technology is projected to account for 1.2 billion connections by 2025, which is likely to cover one-third of the world's population.

According to Gartner, 2,221,270 million units of consumer devices were shipped in year 2018

Moreover, functionalities in smartphones are constantly growing from touchscreen and fingerprint verification to monitoring and controlling home security systems or manufacturing plants. Premium smartphones use about 10-15 power inductors. The increasing usage of power inductors in these products as well as rising consumer electronic products with better digitalization are driving the power inductor market.

About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Albany, NY -- (SBWIRE) -- 04/14/2021 -- Medical Imaging Lens Market: Introduction

Transparency Market Research delivers key insights on the global medical imaging lens market. In terms of revenue, the global market is estimated to expand at a CAGR of ~11% during the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global medical imaging lens market.

Medical imaging lenses are used in various product applications such as fiber scope couplers, endoscope couplers, medical X-ray scanning, and diagnostic camera hand pieces to magnify the object to study, diagnose, or perform operations precisely. Among these product applications, medical imaging lenses are largely used in X-ray scanning for medical imaging to scan any kind of soft or hard tissue and treat patients accurately. In the process of studying and diagnosing, highly skilled and trained medical professionals are required to operate microscopes and obtain clear image. Thus, the demand for medical imaging lens is projected to rise across the globe in the near future with growing trend of making novel microscopes and cameras to perform operations precisely, quickly, and safely.

The global medical imaging lens market has been broadly segmented based on product application, functional application, and end use. Based on product application, the market has been divided into fiber scope couplers, endoscope couplers, medical x-ray scanning, diagnostic camera hand pieces, and others. Based on functional application, the market has been segmented into under pathological imaging, and intra-operative imaging. In terms of end use, the market has been segregated into hospitals & clinics, research laboratories, and pharmaceutical & biotechnology industry. Among product applications, the medical x-ray scanning segment holds significant market share and is anticipated to expand at a rapid pace during the forecast period.

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Medical Imaging Lens Market: Dynamics

Well-established manufacturers of medical imaging lens are focusing on innovative technologies and software to diagnose patients accurately at greater speed. Physicians view the CT or MRI images outside the operating room and try to confirm the exact position of a cancerous site. The use of a needle-guiding system developed by HORL is helpful, as it angles the position of the needle to be inserted into the chest cavity at the accurate position. Additionally, Canon Inc. is creating a prototype of a needle guiding system by developing motors and sensors that can operate in the MRI environment. The ultra-miniature fiber endoscope and needle guiding system is being developed for commercialization by collaborating with Massachusetts General Hospital, and Brigham and Women's Hospital. Thus, the development of innovative medical equipment for fast and accurate diagnosis is expected to drive the growth rate of the global medical imaging lens market during the forecast period.

Moreover, the demand for medical imaging lens in X-ray microscopes is high across the globe, owing to its ability to produce enlarged images of samples illuminated with X-rays. These lenses are ideal for pathological imaging, and research and development work in laboratories. Additionally, diagnostic cameras are mainly used in hospitals and clinics to investigate tiny and inner organs of the body closely that helps to perform surgical operations with high precision and accuracy. Furthermore, the increasing inclination of patients toward invasive surgeries is a strong factor that is likely to boost the global medical imaging lens market during the forecast period.

In addition to this, medical imaging lens play a vital role in the healthcare sector, as microscopes are increasingly being used in hospitals & clinics and research laboratories to study individual cells or virus cells. With technological advancements, scientists have developed a specialized microscope that can non-invasively diagnose, treat diseases such as skin cancer, as well as perform precision surgery without making any incisions on the skin, thereby resulting in improved performance of microscopes. Thus, several well-established manufacturers of medical imaging lens are focusing on technological advancements of their products to cater to the changing needs of customers. The use of novel microscopes allows medical professionals to pinpoint the exact location of abnormality, diagnose it, and treat it instantly. The development of technologically advanced microscopes is, thus expected to show significant growth rate during the forecast period, owing to its increasing adoption in hospitals & clinics.

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Medical Imaging Lens Market: Prominent Regions

According to the regional analysis, North America is the dominant region of the global medical imaging lens market. The growth of the market in the region can be attributed to significant manufacturing capability of players operating in the North America market to produce medical imaging lenses for hospitals & clinics and research laboratory use. The U.S. has proved to be the most diversified and dynamic market. A majority of medical imaging lens are used in hospitals & clinics for medical X-ray scanning to scan any kind of soft or hard tissue x-rays and convert them into any digital format such as X-rays to PDF, TIFF, DICOM, and JPEG; this is anticipated to drive the medical imaging lens market in North America over the next few years. The U.S. held a major share of the North America medical imaging lens market, in terms of revenue, followed by Canada in 2019. However, in terms of revenue, the market in Mexico is anticipated to expand at a substantial CAGR during the forecast period. Additionally, Asia Pacific is focusing on the adoption of medical imaging lens to strengthen its healthcare sector. Japan is home to several well-established players that design and offer medical imaging lens. Thus, rising demand for medical imaging lens in hospitals & clinics and in the research laboratory field is anticipated to boost the medical imaging lens market in Asia Pacific during the forecast period. The market in Europe is estimated to witness prominent growth during the forecast period. The medical imaging lens market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

Medical Imaging Lens Market: Key Players

Key players operating in the global medical imaging lens market are Canon, Inc., Eastman Kodak Company, Edmund Optics, Fujifilm Holdings Corporation, National Instruments, Navitar, Nikon Instruments, Inc., Leica Microsystems, Panasonic Corporation, and Olympus Corporation.

Global Medical Imaging Lens Market: Segmentation

Medical Imaging Lens Market, by Product Application

Fiber Scope Couplers
Endoscope Couplers
Medical X-ray Scanning
Diagnostic Camera Hand Pieces
Others

Medical Imaging Lens Market, by Functional Application

Pathological Imaging
Intra-operative Imaging

Medical Imaging Lens Market, by End Use

Hospitals & Clinics
Research Laboratories
Pharmaceutical and Biotechnology Industry

Medical Imaging Lens Market, by Region

North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
GCC Countries
South Africa
North Africa
Rest of Middle East & Africa

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About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Albany, NY -- (SBWIRE) -- 04/14/2021 -- Packaging Machinery Market: Introduction

Transparency Market Research delivers key insights for the packaging machinery market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2019–2026. In terms of revenue, the global packaging machinery market is projected to expand at a CAGR of ~6%, in terms of volume, during the forecast period, due to several factors, about which TMR offers detailed insights and forecast in packaging machinery market report.

The global packaging machinery market is fragmented. With over a hundred players present in the market. However, most of the key manufacturers have their base in five major countries including Germany, Italy, China, the U.S., and Japan. Manufacturers present in markets in Germany and Italy market offer very high quality and technologically advanced packaging machinery as compared to those offered by manufacturers in other countries. However, the packaging machinery offered by manufacturers in the European region is higher in cost as compared to their counterparts based in the Asia Pacific region such as India and China. Around 60%-70% of the end user companies in the Asia Pacific are small-scale enterprises, which cannot afford to import expensive packaging machinery from the developed countries. However, TMR's study also found that some of the companies in this region are not willing to compromise on quality over price. Increased consumption of packaged food products & beverages is expected to be the key dynamic force strengthening the growth of the global packaging machinery market. Overall, the global outlook of packaging machinery market is expected to remain positive during the forecast period.

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High Demand for Packaging Machinery from Food & Beverages Sector to Propel Market

Food & beverages industry is the single largest manufacturing sector in terms of value addition and job creation in most of the economies growing at phenomenal rate. Worldwide sales of processed and packaged food have increased substantially over the last decade. This is majorly attributable to the factor to population growth in developing economies in the Asia-Pacific, Latin America, and the MEA. The packaging machinery market is expected to witness substantial growth on the back of the rising popularity of on-the-go and packaged food products in developed as well as developing economies. Asia Pacific is expected to witness the highest growth in its GDP and middle-class households, driven by strong export orientation and manufacturing capabilities in China and India. Increasing private consumption is also anticipated to boost the demand for food service disposables in the region, which is expected to create a high-demand for packaging machinery in export-led economies. Consumer expenditure on food & beverages was estimated to be 8.5% of the global GDP in 2018. Moreover, consumer expenditure in the MEA and Asia Pacific is estimated to increase from 53% of the global expenditure to more than 60% in 2030, on the account of rise in disposable incomes of the middle class families in these regions.

Machinery Automation to Create Lucrative Opportunities

Integration of different systems into one is the latest trend observed in the packaging machinery market. Companies strive to offer smart maintenance services along with high optimization of packaging processes in their product lines. With the introduction of end-to-end information exchange systems in the product lines, the production efficiency has improved significantly with the reduction in complexities of the production processes. Crosslinking of automation, IT, and IOT in the production lines is anticipated to simplify inventory management for different machine components. Manufacturing companies are increasingly automating their production processes while reducing the number of workers on a production line. It is however necessary to provide seamless visualization and transparent solutions on the production line to continuously innovate and improve process and respond promptly when required. The growing need for easy integration of new machines into existing systems is expected to create immense opportunities for packaging machinery market.

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Packaging Machinery Market: Competition Landscape

Key service providers can leverage the remunerative growth potential that the nascent packaging machinery market promises to offer. To benefit the most from this scenario, leading service providers in the packaging machinery market are strengthening their market presence through strategic acquisitions. Key companies profiled in the packaging machinery market report include Robert Bosch GmbH, I.M.A. Industria Macchine Automatiche SpA, Tetra Pak International S.A., Coesia S.p.A., Marchesini Group S.p.A., OPTIMA Packaging Group GmbH, Omori Machinery Co. Ltd., ProMach, Inc., Herma GmbH, Videojet Technologies, Inc., Muller Load Containment Solutions, Premier Tech Chronos Ltd., Ishida Co. Ltd., PFM Group, GEA Group Aktiengesellschaft, and Sidel S.A.

Global Packaging Machinery Market: Segmentation

Packaging Machinery Market, by Product

Bottling Line
Cartoning Machines
Case Handling Machines
Closing Machines
Filling & Dosing Machines
Form, Fill, and Seal Machines
Labelling, Decorating, and Coding Machines
Palletizing & De-palletizing Machines
Wrapping & Bundling Machines
Others
Packaging Machinery Market, by Technology

General Packaging Technology
Modified Atmosphere Packaging Technology
Vacuum Packaging Technology
Packaging Machinery Market, by End Use

Food
Frozen & Chilled Food
Dairy Products
Fresh Food Products
Bakery & Confectionary
Ready-to-eat
Baby Food
Pet Food
Others
Beverage
Alcoholic
Non-alcoholic
Homecare & Personal Care
Healthcare
Industrial
Others
Packaging Machinery Market, by Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Albany, NY -- (SBWIRE) -- 04/14/2021 -- The demand within the global reusable water bottles market is treading along an upward trajectory in recent times. The need for fostering sustainable practices across leading industries has brought reusable water bottles under the spotlight of attention. Moreover, the energy sector has made emphatic claims about the need for using recyclable, reusable, and environment-friendly products. The growing concerns of the energy sector about a potential environmental crisis has led them to take bold steps towards sustainability. International bodies for managing climate change and environmental damage have sent clarion calls for a change in lifestyles. All of the aforementioned factors have driven sales across the global reusable water bottles market.

Transparency Market Research (TMR), in its report, predicts that the global reusable water bottles market would expand at a steady CAGR of 4% over the period of 2019 and 2027. The steady rate of growth can be pegged to the inability of several industries to boycott the use of plastic products. The total value of the global reusable water bottles market is expected to touch US$ 1.1 Bn by the end of the forecast period. Growing demand for reusable water bottles in the sports sector has helped in driving sales across the market. Besides, stipulation of strict environmental policies across several countries has also aided market growth.

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global reusable water bottles market pr
Development of Green Standards across Key Industries

Use of plastic bottles is gradually running out of practice across several territories. There is growing relevance of reusable bottles and containers, especially across the residential and commercial sector. Besides, international bodies have initiated awareness campaigns about the ills of using plastic bottles. Therefore, the global reusable water bottles market has gained momentum over the past few years. The large brigade of environment activists has propagated green standards across multiple industries. This factor shall help manufacturers of reusable water bottles in increasing their profit margins in the times to follow.

Corporate Social Responsibility (CSR) Initiatives

Use of paper and other reusable materials has helped large companies in establishing their responsiveness towards managing environmental degradation. Moreover, several companies have drifted away from using plastic bottles and containers as a part of their corporate social responsibility. Henceforth, the corporate industry is making ardent efforts towards popularising the use reusable water bottles. Small companies are quick to draw inspiration from larger firms, especially when the latter introduces new CSR strategies. As large firms embrace the use of reusable water bottles, smaller firms are expected to follow suit. Moreover, growing sophistication across the corporate sector shall also pave way for the inflow of fresh revenues in the market.

Some of the leading vendors operating in the global reusable water bottles market are BRITA GmbH, Tupperware Brands Corporation, Klean Kanteen, Inc., Contigo, Aquasana, Inc., and SIGG Switzerland AG.

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The global reusable water bottles market can be segmented by:

Material Type

Glass
Metal
Polymer
Silicone
Distribution Network

Hyper/Supermarkets
Independent Stores
Online Sales
Others
Primary Usage

Everyday
Sports
Travel
Others
Region

North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Europe
BENELUX
France
Germany
Italy
Russia
Spain
U.K.
Rest of Europe
Asia Pacific
ASEAN
Australia & New Zealand
China
India
Japan
Rest of APAC
Middle East & Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa

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About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Disposable tableware is a product that can be recycled after use. These products are available at very low cost in the market. Disposable tableware refers to articles used in setting a table for meals and includes glassware, dishes, and silverware among others. A number of restaurants are using disposable tableware in order to provide sophisticated and trendy services.

The disposable tableware market is likely to be positively influenced by increasing disposable incomes along with the introduction of innovative products. Trendy lifestyles, increasing implementation of various cooking techniques and presentation, and increasing urbanization are the fundamental factors responsible for driving the global disposable tableware market. People are adopting various techniques for cooking food. Hence, the need for disposable tableware is increasing. Rising consciousness about health along with the need to limit consumption is expected to result in dynamic demand for smaller dishes, plates and bowls, thereby increasing the demand for disposable tableware. Growing interest in eating with family and friends and increasing popularity of fine dining are other important factors that are playing a major role in the growth of the global tableware market. These days, demand for dinnerware and glassware is rapidly increasing due to various classy designs. Various distribution channels such as departmental stores, e-commerce platforms, and direct selling also play a vital role in the growth of the global disposable tableware market. Companies adopt various distribution channels in order to expand their reach and increase the customer base. Increasing middle class population and growing economies are some of the factors responsible for the growth of the global disposable tableware market. Developing regions offer various opportunities for the disposable tableware market due to higher potential and market penetration, while in the developed regions ongoing preference for trendy lifestyles is expected to boost the global disposable tableware market in future. However, the storage of food in disposable tableware for longer time may harm the health of the consumers, and hence it is a restraining factor for the market.

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The global disposable tableware market can be segmented on the basis of product type, application, and geography. On the basis of product type, the market is segmented by paper products, plastic products, bamboo products and others. Demand for disposable paper products such as paper plates, paper dishes, and paper bowls is expected to increase significantly over the forecast period owing to benefits such as easy disposal, light weight, and health benefits. On the basis of application, the market can be segmented by restaurant, household, school and other. The restaurant segment is anticipated to expand at a higher rate due to the increasing number of consumers. Currently, people have busy work schedules and hence prefer restaurants for dining instead of cooking at home, thereby increasing the demand for disposable tableware. Geographically, the global disposable tableware market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market in Asia Pacific is projected to grow at a higher rate due to the large number of restaurants and increasing population.

The key players that are playing a significant role in the growth and development of the global disposable tableware market include Hanna K Signature, Masterpiece, PrimeLink Solutions, JAM Paper, Ningbo Roff, Daily Chef, Lancaster Commercial, Nanofiber Tech, Arc International Tableware UK Ltd., Abert SpA, Lancaster Commercial Limited, and Ocean Glass Public Company Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhocreports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key tohelp enterprises reach right decision."

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Gift Boxes Market: Overview

The gift boxes market has been attracting consumer interest on the back of the profound interest that gifts hold for cementing human bonding since eternity. Packaging manufacturers and brands, especially those in food business, have shown alacrity in offering customized or curated gift boxes. Innovation of these brands have shown in curation has propelled consumer demand for gift boxes for various events and occasions. These led to the advent of variety of gift boxes in the market such as slide sleeve boxes and telescopic boxes. In recent years, some developing nations such as in Asia have also witnessed the rise in demand for gift boxes in corporate arena.

Among the vast range of things gift boxes contain, these are notable: consumer goods, bakery and confectionary, frozen desserts, food and beverages, alcoholic drinks, electronic devices, cosmetics, and personal care.

Gift Boxes Market: Competitive Analysis and Key Developments

The insights presented in the report on the global gift boxes takes a closer look at the key developments, and assessment of the competitive scenario. The study scrutinizes their role of some of the recent product launches, the inclination of brands, and investments on the competitive dynamics in driving the evolution of the global gift boxes market.

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Brands in the gift boxes market have hit on innovative concepts in what can be packed inside gift boxes, alluring prospective customers to try these. For instance, Box Party Club that claims to be a pioneer in innovative gifting, has come out with range of curated handcrafted, customized boxes for all occasions. In the upcoming occasion of Raksha Bandhan, India-based brands have been making vigorous efforts to stay ahead in the competitive arc in the gift boxes market. Bakery and Cake Shop Brownsalt Bakery collaborated with Gram Art Project to come out eco-friendly gifts and with unique concepts for consumers for celebrating the occasion. For instance, it is offering eco-friendly seed rakhis that can be upcycled into a flowering plant after the occasion is over.

Some of the players looking to gather traction in the competitive dynamics in the gift boxes market are Varanna Industries, Shenzhen Tianya Paper Products Co.,Ltd., Bayley's Boxes, Shanghai Xianrong Packing Co., Ltd., Valtenna Industria Cartotecnia., and Qingdao Hongrui Industry Co. Ltd.

Gift Boxes Market: Key Growth Dynamics

A key driver in the global gift boxes market is the demand for customized gifts for various occasions around the world. The growth is boosted by the growing popularity of bespoke hamper boxes in various corporate and promotional events. Personalized boxes that can be etched in these are also stoking the popularity. The growing demand for gift boxes through e-Commerce channels such as Amazon has also reinforced sales in the gift boxes market.

The gift boxes market has made notable strides on the back of growing launch of budget-friendly options that can meet variety of tastes and preferences. Adoption of earth-friendly packaging options is a key trend that will spur prospect generation on the gift boxes market.

The gift boxes market has also garnered consumer interest due to growing numbers of curated baby gifts. Brands pack them with soft toys and hard-to-get handcrafted materials. The demand for exotic wooden boxes has also bolstered the sales potential in the gift boxes market.

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Gift Boxes Market: Regional Assessment

Some of the regional markets could be North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. Among these, Europe and Asia Pacific are promisingly lucrative regional markets. Europe has seen brands constantly leaning on trying innovative concepts for gifting in various occasions and events. Further, Asia Pacific gift boxes market has witnessed the popularity of gift boxes to meet the needs of festivals.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Albany, NY -- (SBWIRE) -- 04/14/2021 -- Global Warehouse Racking Market: Snapshot

Warehouse racking systems of various types have become an integral part of operations in and inventory requirements of a warehouse. The key aims have been making optimal use of warehouse floor space, maximizing workers' productivity, and minimizing inventory handling costs. Industries are adopting range of pallet systems that best meet their needs of warehouse design, the type of goods and materials stored, capacity intended, and the specific picking process employed. These considerations also help in choosing the choice of materials pallets should be made of.

Advances in material handling systems used in warehouses have expanded the potential of the warehouse racking market. Some of the common types of pallet systems used in warehouse racking market are selective pallet rack, double deep, pallet flow rack, and drive-in/drive-out rack. Over the past few years, the role of warehouse racking systems has increased considerably. The lack of an apt system might disrupt companies' performance if not taken seriously. A case in point is billion dollar startup based in the U.S. offering clothing rental service for women. Lately, delay in upgrading its warehouse racking system has made a huge dent in its perception among its customers.

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Global Warehouse Racking Market: Notable Developments

Over the past few years, growing numbers of businesses in several industries have begun expanding and updating their warehouse management systems. These initiatives are further fueled by increasing trend of organized logistics gathering currency in some parts of the world.

Recently, a shipping service based in Malaysia, announced that it has opened a new warehouse at the Port of Tanjung Pelepas. The company aims to take advantage of Free Economic Zones within the port to avoid custom and excise duties. The facility houses selective pallet racking system, among other infrastructure. The motivation for this facility stemmed from the need for providing better storage and cost-effective distribution solutions, along with value-added services, to FMCG customers. The warehouse racking infrastructure will help it to emerge as a warehousing and distribution hub, by extending its footprint beyond Malaysia. In various other parts of the world, rise in demands for FMCG products have cemented the potential of the warehouse racking market.

Global Warehouse Racking Market: Growth Dynamics

Rising demands for pallet racking systems for a cost-effective and timely movement of goods is a key factor driving the warehouse racking market. Growing volumes of cross-border retail deliveries have bolstered the market's prospects. The warehouse racking market has also benefitted from growing numbers of contract logistics and distribution services in numerous developing and developed countries over the world.

Over the past few years, developed countries such as the U.K. have seen an increasing trend of automation of warehouses. This is opening new lucrative avenues. Furthermore, expanding product portfolio of storage systems is a notable trend spurring the demand for new designs and materials in pallet racking systems. A large catalysis for the growth in the warehouse racking market also comes from the ever-growing need for storage of frozen foods in various parts of the world. The sheer pace of expansion in e-commerce sales in emerging economies has spurred the demand for larger warehouse racking. Growing bulk storage needs in various parts of the world is also boosting prospects in the warehouse racking market.

A number of other retail businesses have also suffered crippling inconsistencies in the meeting the consumer demands due to the lack of appropriate warehouse racking. In this regard, growing demand for automated storage and retrieval systems in warehouse infrastructure has also opened new avenues for players in the warehouse racking market.

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Global Warehouse Racking Market: Regional Assessment

Some of the key regions in the warehouse racking market are Asia Pacific, North America, Europe, and Latin America, the Middle East, and Africa. Especially, Europe and North America have been lucrative for the last few years. The growth in these regional markets have been fueled by uptake of new concepts and designs in warehouse racking systems. Further, a fast expanding e-commerce industry has also cemented the potential of these regions in the global warehouse racking market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Albany, NY -- (SBWIRE) -- 04/14/2021 -- Global Decorative Print Market: An Overview

Decorative print market is expected to register a healthy growth during 2018-2026. Decorative printing is key for various products ranging from Automotive to miscellaneous stationery items used everyday. Additionally, decorative printing is handy for manufacturers to advertise, store, label, and convey important regulatory information as well. Decorative printing offers lucrative opportunities for players in its advertising application. Decorations have always been an integral part of presenting and attracting a horde of consumers. These prove to be especially powerful as studies continue to suggest a strong association between branding and final sales. Additionally, increasing advancements in the decorative print market such as digital printing, increased speeds, and high-performance single-phase machines are expected to drive new opportunities for all market players during the forecast period.

Decorative print market: Notable Developments

Ronald Britton, a supplier of metal powders and glitter products has launched a completely plastic free and biodegradable material in the market. The material is natural and decomposes in the market environment, which is a major boost for the decorative print market. The market players are facing tough regulations in several economy, especially the EU. This new announcement can broaden material basis for various applications and reduce unnecessarily costs related to recycling.

Trelleborg, a printing solution provider has announced collaboration with Monia Group. The Monica group is a large distributor, firmly rooted in emerging markets around the world. The collaboration signals a changing turn of the tide in the global decorative print market. Regions such as Asia Pacific continue to register incredible growth and attract large investments and players in the global decorative print market.

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Decorative print market: Key Trends

Decorative print market report is witnessing a robust growth in gravure printing method. The method has been prominent in several applications such as wallpapers laminates, flooring laminates, and a host of others. It is also widely used in direct printing for doors, panels and glass screens. Ease of use and cost efficiency are expected to drive growth of the decorative print market in the near future.

The decorative print market is expected to witness major growth due to rising demand for new homes coupled with renovation and do-it-yourself trends. Additionally, incentives to create immersive experiences in commercial establishments are also expected to drive the decorative print market during 2018-2026. The products in the decorative print market also giving conventional construction materials like wood flooring a run for their money. Changing tastes and preferences are also expected to create new opportunities in the decorative print market.

Decorative print market: Regional Outlook

The global decorative print market report is divided into main regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America region is witnessing a growing demand, thanks to increasing do-it-yourself renovation trends in the US. Additionally, the country is also witnessing a growing influx of government investments in providing affordable housing. Many products in the decorative print market are likely to benefit from growing investments in initiatives such as affordable housing and increased attention towards homelessness. On the other hand, Asia Pacific is witnessing a growing demand for new housing and rising disposable income which is expected to drive considerable growth for the decorative print market during the forecast period.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Date Palm Market Share, Growth, Trends, and Forecast 2018 - 2026

Albany, NY -- (SBWIRE) -- 04/14/2021 -- Date Palm Market Analysis: The market potential for organic dates is expected to remain consistent by 2026 end

Transparency Market Research offers an eight-year forecast for the global date palm market between 2018 and 2026. In a recently released report by the company, the global date palm market is expected to register a CAGR of 3.1% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the date palm market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global date palm market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional date palm market.

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Date Palm - A Healthy Obsession for Quality Ingredients in Nutrition Bars

The general perception that healthy food comes at the cost of taste has been successfully blurred out in the functional bar, as manufacturers have improved their products to such an extent, that taste is no more a negative factor as far as functional bars are concerned. Improved ingredient quality and the introduction of newer process technology has made functional bars available in attractive flavors and compositions, some of which are only unique to bar offerings, such as high protein content, vitamins, organic ingredients, fruits, dates, nuts, etc. Companies are offering nutrition bars containing date palm as a key ingredient as it is a rich source of dietary fiber, carbohydrates, and enriched with many other nutrients. The global date palm market by end use is segmented into households, foodservice, dietary supplements, personal care & cosmetics, and food industry. Furthermore, food industry is sub-segmented into bakery & desserts, confectionery, functional food & nutritional bars, and others. In the global date palm market, dietary supplements segment is projected to grow at 3.9% CAGR over the forecast period. Furthermore, on the basis of nature type segment, date palm market is segmented into organic and conventional. The demand for organic date palm is rising in the North America and Western European countries.

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Increasing Demand for Date Palm among Bakery, Desserts, and Confectionery Manufacturers

Product innovations addressing growing health concerns have changed the market dynamics on a global level. Increasing offerings by vendors using safe and healthy ingredients is responsible for the growing demand for healthy snacks, cookies, bakery, and desserts. Manufacturers are preferring date-based purees and syrups as one of the key ingredients in their products and also dried dates in order to enhance nutritional content of bakery and confectionery products. In addition, confectionery manufacturers in Middle East countries are more focused towards offering date-based chocolates owing to increasing demand of confectionery containing date palm in Europe and Asia Pacific markets. On the basis of form, the global date palm market is segmented into raw and processed date palm. Further, processed form of date palm is sub-segmented into paste, dried, purees and syrups.

Increasing Demand for Premium Quality Date Palm in the European Market

The global date palm market report includes analysis at a regional level and is further broken down at a country level that includes consumption of dates in respective countries across five regions. By region, the global date palm market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

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 In the global date palm market, the demand for date palm is increasing at a robust growth rate in Europe and North American market especially for premium variety of dates such as Deglet Noor, Medjool, Barhi, and others. In terms of value and volume share, Middle East and Africa accounts for a majority of market share in the global date palm market. A section of the report highlights the global demand for date palm. This study discusses key drivers, and opportunities contributing to the growth of the global date palm market, as well as analyses the degree to which drivers are influencing the global market. In the final section of the global date palm report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of producers covered in the report are global date palm key players. Detailed profiles of the producers are also included in the scope of the report to evaluate their long-term and short-term strategies, key product offerings and recent developments in the global date palm space.

Market participants in the global date palm market include, Natural Delights, Best Food Company LLC, Groundworks of Palm Beach County Inc., Bayara Saudi Arabia Ltd. Al Barakah Dates Factory LLC, Hadiklaim Date Growers Cooperative, Maghadi Dates, Haifa Dattes, SUFFCO, Atul Rajasthan Date Palm Ltd. And others.

Growing Trend of Healthy Eating Habits Drives Demand Opportunities in Date Palm Market

Date palm is gaining traction across the worldwide food industry owing to presence of high contents of carbohydrates, dietary fiber, and other nutrients in it. With growing trend of eating healthy food products, the companies working in the food industry are increasing incorporation of date palm in their food products. This scenario is generating prodigious sales opportunities for vendors working in the global date palm market.

About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Global Propane Market is anticipated to expand at a CAGR of ~5% during the forecast period. Stakeholders in the propane Market are set to target industrial, chemical, and refinery segments of propane on account of rising demand

Albany, NY -- (SBWIRE) -- 04/14/2021 -- As per a recent report by Transparency Market Research, the global propane market is expected to experience a consistent growth over the period of 2019 to 2027. The report mentions the facts that due to widespread application of propane in numerous petrochemical industries, the market shall witness 5% CAGR in the mentioned period of 2019 to 2027. Moreover, post analysis of the market, the experts at Transparency Market Research states that the global propane market shall bag huge revenue at the end of 2027. They also mention that the market stood strong at US$ 72 bn in 2018. This implies that the market players have huge growth potential and can grow substantially in the projected duration.

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Consumer Safety Drives Maximum Growth

Consumer security is the major factor that is anticipated to propel the growth of global propane market in 2019 to 2027. Since LPD cylinders provide optimum security against leakage that can turn out to be catastrophic if not detected. This is the major advantage that accelerates the use of LPG from 2019 to 2027. As a result of this growing application of LPG cylinders due to their security benefits, the market is projected to grow substantially from 2019 to 2027.

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LPG Consumption's Growth Drives the Growth of the Market

The global propane market is driven majorly by the growing application of LPG in both commercial and domestic sectors. The LPG cylinders are extensively used in restaurants, homes, and other industries for various purposes. They provide pollution-free, safe and secure combustion. This property of LPG makes them excellent choice for the various purposes like cooking, grilling, and heating in domestic sectors. Moreover, the in industries the commercial LPG is used for cutting metals and in several furnaces. These widespread applications of LPG in domestic and commercial sectors shall boost the growth of market from 2019 to 2027.

Moreover, growing use of propane in electronic industries also boosts the growth of global propane market from 2019 to 2027. For instance, propane is used to manufacture IEDs or Improvised Explosive Devices that can be of great use for the national authorities. This is also a crucial factor that propels the growth of market from 2019 to 2027.

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Government Initiatives to Fuel Asia Pacific's Growth in Market

Geography is an important segment that the report on global propane market focuses on. According to the experts, Asia Pacific is projected to dominate the dynamics of the market. This is because, governments of countries like India and China have initiated several campaigns that shall boost the application of LPG. These initiatives are the major factors that shall push the domination of Asia Pacific on market to new extents in 2019 to 2027.

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