Inline Viscosity Sensors Market Worth US$ 243.0 Mn by 2027

inline viscosity sensor market

According to a new research report pertaining to the inline viscosity sensors market, published by Transparency Market Research , the global inline viscosity sensors market is expected to reach value of US$ 243.0 Mn by 2027, expanding at a CAGR of 5.3% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, North America would continue to lead the global market, with the market in the region expanding at a CAGR of 5.6% from 2019 to 2027. China, India, Japan, and South Korea are anticipated to be major contributors to the inline viscosity sensors market in Asia Pacific during the forecast period.

Increasing use of viscometers in chemical industry driving the global inline viscosity sensors market

In the chemical industry, viscosity measurement of chemical products is required for quality control in production lines. For chemical fluids, obtaining the appropriate viscosity is required so as to deliver desired end-product quality; optimize material use; and maintain smooth running of equipment.

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Moreover, in different types of chemical applications such as ink, paint, and glue, viscometers are used to detect changes in color, density, stability, and molecular weight. This factor is driving the global inline viscosity sensors market. In view of advantages offered by viscometers in various applications in the chemical industry, the demand for viscosity sensors is anticipated to increase significantly during the forecast period. Across the globe, manufacturers of inline viscosity sensors are increasing their investments in the inline viscosity sensors market in order to meet the increasing demand from various industry verticals such as oil & gas, chemical, biotechnology, food & beverages, and automotive.

Global Inline Viscosity Sensors Market: Scope of Report

The global inline viscosity sensors market has been broadly segmented in terms of type, application, and geography. Based on type, the global market has been segmented into sphere, cylinder, and rod. In terms of revenue, the cylinder segment accounted for a major market share of more than 35% in 2018. The segment is anticipated to expand at a CAGR of 5.8% during the forecast period. In order to fulfill the global demand, manufacturers of inline viscosity sensors are focusing on research and development activities on a regular basis in order to invent advanced applications of inline viscosity sensors. Inline viscosity sensors are used in different types of viscosity measurement applications. Capacity expansion by refining industries led by rising energy needs and regulatory norms imposed on emissions in the oil & gas industry are key factors expected to drive the global demand for inline process viscometers. This, in turn, is likely to fuel the demand for inline viscosity sensors during the forecast period.

Based on application, the inline viscosity sensors market has been segregated into oil & gas, biotech, automotive, chemical, and food & beverages. In terms of revenue, the chemical segment held the maximum market share in 2018. In addition to this, in terms of both value and volume, the segment is expected to expand at the maximum CAGR during the forecast period. Growing competition in chemical and oil & gas industries has encouraged companies to re-organize their procedure parameters in refining, chemical processing, and blending practices. This, in turn, is estimated to boost the demand for inline viscosity, temperature, and density measurement instruments during the forecast period. This factor is anticipated to boost the adoption for inline viscosity sensors during the forecast period.

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As per TMR analysis, North America accounted for a leading i.e. more than 30% share of the global inline viscosity sensors market, in terms of both revenue and volume, in 2018. The Asia Pacific inline viscosity sensors market is primarily driven by increased investments in modernizing of infrastructure and risen urban population, especially in developing economies such as China and India. The global inline viscosity sensors market is projected to witness further modifications, innovations, and advancements in inline viscosity sensors in the near future, as several leading manufacturers are investing in research and development activities.

Global Inline Viscosity Sensors Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global inline viscosity sensors market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global market are Ametek Brookfield, PAC L.P., VAF Instruments B.V., Parker Kittiwake, Martechnic GmbH, Cambridge Viscosity Inc.(PAC), A&D, AVENISENSE, Merimex Industries, Hydramotion, Emerson Electric, Sofraser, Rheology Solution, Anton Paar GmbH, Galvanic Applied Sciences, LEMIS Process, and A&D Company. Various business strategies are being adopted by leading players. Companies are focusing on expanding their business by developing strategic partnerships and offering innovative solutions.

Military Laser Designator Market Worth US$ 3657.3 Mn by 2027

military laser designator market

According to a new market research report published by Transparency Market Research titled ‘Military Laser Designator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global military laser designator market is projected to expand at a CAGR of 4.3% during the forecast period. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors, such as increasing complexity of customers, sales, and other operational data of SMEs as well as large enterprises.

Advantages offered by military laser designators and increasing production and usage of lightweight laser designators are expected to boost the global military laser designator market in the next few years.

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North America market to witness prominent growth, followed by Europe

In terms of revenue, Europe accounted for a significant share of the global military laser designator market in 2019. The region witnesses presence of a large number of aircraft manufacturers that are incorporating military laser designators in their new fighter jets. Advantages associated with laser designators are increasing their in aircraft and helicopters. Adoption of laser designators is increasing in homeland securities, while military laser designators are increasingly being employed for soldiers and troops. Moreover, increase in spending on research and development activities in aerospace and defense sectors is also expected to propel the market in Europe during the forecast period.

The top 10 players operating in the global military laser designator market and included in the report are UTC Aerospace Systems, Alpha Design Technologies Pvt. Ltd., Northrop Grumman Corporation, Thales Group, L-3 Technologies Inc., Leonardo S.P.A., General Atomics, Elbit Systems Ltd., FLIR Systems Inc., and RPMC Lasers.

The global military laser designator market has been segmented as follows:

Global Military Laser Designator Market, by Type

  • Ground-based
    • Man-portable
    • Vehicle-mounted
  • Air-borne
    • Missiles & Rockets
    • Aircraft
    • Unmanned Aerial Vehicles

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Global Military Laser Designator Market, by End-user

  • Military & Defense
  • Homeland Security

Global Military Laser Designator Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Chip Resistor Market worth US$ 2,647.8 Mn by 2027

chip resistor market

According to a new market research report published by Transparency Market Research , titled ‘Chip Resistor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global chip resistor market was valued at US$ 1,555.3 Mn in 2018 and is expected to expand at a CAGR of 6.14% from 2019 to 2027, to reach value of US$ 2,647.8 Mn by the end of the forecast period.

Rising digitization in industries across the globe to fuel the market

Technological advancements in sensors, robotics, data capture, connectivity, and computing power are enabling organizations to make improvements in materials to enhance the efficiency of their production, service and supply chain organizations. Furthermore, advancements in telecommunication, robotics, and software are also accelerating the level of automation in industries. These advanced systems employ chip resistors, as they are increasingly being used for efficient operation of devices for limiting the current and for measuring purposes. Thus, the rising level of digitization in industries is expected to propel the global chip resistor market during the forecast period.

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Rising application of electronics in automobiles to drive the global chip resistor market

Electronics is increasingly being applied in automobiles so as to offer the driver an enhanced experience and make automobiles safer and more intelligent. Application of electronics in automobiles is increasing with advancements in technologies in automotive electric and electronic systems. This would improve the overall system efficiency with high operating temperature, increased flexibility and reliability, and reduced overall size of the circuitry. Advanced technologies in automobiles include advanced driver assistance systems (ADASs), electric powertrain, advanced motor control systems, engine/energy management systems, smart braking systems, electric power steering, and enhanced infotainment systems. Anti-sulfur thick films, precision thin films, current-sensing chip resistors, and chip resistor arrays are employed to limit the supply of electric current in the circuitry so as to achieve efficient operation of systems. Thus, growing application of electronics in automobiles and growth of the automobile industry across the globe are anticipated to have a positive impact on the global chip resistor market in the next few years.

Thin-film resistor segment to expand at a rapid pace throughout the forecast period

Based on type, the chip resistor market has been segmented into thick-film resistor, thin-film resistor, current-sensing resistor, and others. The thin-film resistor segment is anticipated to expand at a significant CAGR during the forecast period. This growth can be attributed to higher accuracy, precision, and stability offered by thin-film resistors, which makes them a suitable choice for high-precision applications.

Asia Pacific to be a rapidly expanding market led by rapid industrialization

In terms of geography, the global chip resistor market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, Asia Pacific was the leading market, followed by North America. The market in Asia Pacific is expected to expand at the maximum CAGR from 2019 to 2027, due to rapid industrialization and growing consumer electronics industry in the region.

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Key players focusing on expanding their footprint worldwide and gain a competitive edge

Key players operating in the global chip resistor market are focusing on the introduction and development of new products to gain a competitive edge and improve their brand positioning in the market. For instance, in November 2018, Yageo Corporation announced the launch of a new high-power anti-surge chip resistor called SR High-power Series. This chip resistor is regarded a suitable solution for use in applications, such as telecommunications, chargers, servers, power supplies, and car electronics, wherein high-surge and high-power components are required. This move would help the company better position itself in the global chip resistor market. Furthermore, key players are engaged in forming strategic alliances with peers and less established players in order to gain a higher market share. Key players operating in the global chip resistor market are Rohm Semiconductors, Yageo Corporation, TE Connectivity Ltd., Susumu Co. Ltd., Bourns Inc., and CTS Corporation.

Rotogravure Printing Machine Market to touch US$2,208.55 mn by 2025

rotogravure printing machines

The global Rotogravure printing machine market features a highly fragmented and competitive vendor landscape, with the leading seven companies collectively accounting for a mere 41% of the market in 2017, observes Transparency Market Research in a recent report. Of these leading few, the company Bobst Group SA accounted for a significant 41.5% of the market in the said year. The dominant spot of the company in the market is owing to its extensive product and service portfolio, high investments in research and development activities, and a strong production and sales network that is spread across the globe.

For companies to gain lucrative returns in the market, focus on expansion across lucrative regional markets could be a promising growth strategy. Some of the leading companies in the market are J M Heaford Ltd, Comexi Group S.L., DCM-ATN, Windmoeller & Hoelscher Corporation, Uteco Converting SpA, ROTATEK S.A, and KKA Gmbh.

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TMR analysts state that the revenue generated from sales of Rotogravure printing machines for retail merchandising has been estimated to be around US$1.63 bn in 2016, and is projected to expand at a CAGR of 3.5% during forecast period 2017-2025, rising to a valuation of US$2,208.55 mn by 2025.

Growth Opportunities in Food Industry to Lead to Most Promising Returns

Of the key industries that utilize Rotogravure printing machines, the food industry is expected to dominate the market throughout the forecast period. The market is also expected to see major gains across the pharmaceutical and security printing industries over the forecast period, which are anticipated to register impressive CAGRs of 4.6% and 4.0%, respectively, over the report’s forecast period.

APAC is expected to overtake the Europe rotogravure printing machine market and dominate the global market by the end of forecast period, in terms of both value and volume. The market in the APAC region is estimated to have an annual consumption of 7,533.68 units of rotogravure printing machines in 2017, and is predicted to up the consumption to 9,578.39 units by the end of the report’s forecast period.

Increased Shift in Consumer Preferences to Drive Demand for Rotogravure Printing Products

The global Rotogravure printing machine market has witnessed solid growth over the past few decades, chiefly owing to the changing lifestyles of the global population. The fast-paced lifestyles of urban dwellers has compelled them to switch to organized retail outlets such as supermarkets and hypermarkets, thereby giving a boost to the Rotogravure printing machine market. The increased awareness among retail companies that consumer preferences are increasingly being driven by the kind of branding created through Rotogravure printing machine could also work in the favor of the global Rotogravure printing machine market.

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This review is of the global Rotogravure printing machine market is based on a recent market research report published by Transparency Market Research, titled “Rotogravure Printing Machine Market (Number of Colors Type – Less Than 2 colors, 2 colors-5 colors, 6 colors-8 colors, and More Than 8 Colors; Automation Type – Automatic Rotogravure Printing Machine and Manual Rotogravure Printing Machine; Drying Source – Electrical, Thermal Fluid, and Gas), Substrate – Plastic, Aluminum Foil, Paper and Paperboard; Ink – Solvent, Water, and Radiation; End Use Industry – Publishing and Packaging) –  Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.

Insulated Shippers Market is expected to reach US$ 5,000 Mn by 2026

global insulated shippers market

Growing need for protective packaging in the food and beverage industry is expected to fuel demand for insulated shipping products. As the requirement for packaging temperature-sensitive products increase, manufacturers are focusing on developing technologically advanced packaging solutions. Transparency Market Research states that the global insulated shippers market is projected to reflect a CAGR of 9.4% during the forecast period, 2017-2026.

Factors Fuelling the Global Market Growth

Growth of the global insulated shippers market is mainly bound by various macro-economic and micro-economic factors. With the growing demand for protective packaging of various products, manufacturers are incorporating technologically advanced packaging solutions to ensure safe shipping of the products. Cold chain shipping and distributed control system continues to remain the most preferred packaging and shipping solutions among the supply chain. As delivering products safely is becoming important, manufacturers are mainly focusing on developing shipping containers with closed cell spray foam, rigid polystyrene foam panels and fiberglass.

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Transportation of temperature sensitive products such as blood, organs, biologic materials, pharmaceutical products and chemicals will continue to boost demand for insulated packaging solutions. Growing need to shipping various perishable food products with long shelf life safely is projected to boost demand for insulated shipping products globally. Food products that are particularly manufactured in a specific region continues to witness significant demand in various restaurants, hotels and shops. Pervasive demand for traditional food and beverage products in various countries is projected to rev up demand for insulated shipping containers during the forecast period. As the shipping containers are equipped with features that ensure freshness and quality of food products, sales of the insulated shipping packages is projected to increase. In addition, various food products can be subject to various temperature conditions during transportation. Increasing demand for temperature sensitive packaging solutions is further projected to impact growth of the global insulated packaging market.

Shipping pharmaceutical products is also projected to fuel demand for insulated shipping containers and packaging solutions globally. With the increasing demand for shipping various pharmaceutical spray products and liquid pharmaceutical products, manufacturers are focusing on offering temperature-sensitive packaging solutions to deliver the pharmaceutical solutions safely. In addition, manufacturers are further focusing on implementing the controlled distribution and cold chain system in order to track and monitor storage and distribution system of the packaged pharmaceutical products. Exposure to air, heat, cold and humid weather can spoil the pharmaceutical products and reduce its efficacy. Delivering pharmaceutical products that are ineffective and are of degraded quality could impact the health of patients adversely. Bound to these factors, manufacturers are mainly focusing on offering insulated and temperature sensitive pharmaceutical products for protective delivery.

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Sales to Remain High for Pharmaceutical Application

As the requirement of light-weight, effective and robust thermal insulation increases, demand for the expanded polystyrene is projected to remain high globally. In terms of revenue, the expanded polystyrene product type segment is projected to witness highest growth, recoding more than US$ 700 Mn by 2026-end. On the other hand, the other product type segment is projected to reflect a healthy CAGR over the forecast period.

During the forecast period, the ambient application type segment is projected to witness the fastest growth in the global market. In contrary, the pharmaceutical application segment is projected to generate significant revenues, accounting for more than US$ 500 by 2017-end.

Based on end use, the others segment is projected to reflect a significant CAGR throughout the forecast period. However, the pharmaceutical end use segment is projected to witness a robust revenue growth, representing more than US$ 1,100 Mn by 2026-end.

Pallet Displays Market – Competitive Insight, Key Drivers and by 2026

pallet displays market

The global pallet displays market a highly competitive vendor landscape, thanks to the presence of a large pool of players, states a new report by Transparency Market Research (TMR). Sonoco Products Co., DS Smith Plc, Georgia-Pacific LLC, Smurfit Kappa Group Plc, WestRock Co., U.S. Corrugated Inc., FFR Merchandising Co., Marketing Alliance Group, Pratt Industries Inc., Creative Displays Now, Mirada Medical Ltd., Siemens Healthineers, Sciencesoft USA Corp., Toshiba Medical Systems Corp. and Xinapse Systems Ltd. are some of the key participants in this market. These players are completely focused towards enhancing their product quality and developing innovative designs, which is likely to intensify the competition within this market over the forthcoming years, states the research report.

According to the research report, the global market for pallet displays is expected to register a CAGR of 4.30% over the period from 2017 and 2026 and reach a value of US$1.60 bn by the end of the period of the forecast. In terms of the material type, corrugated board based pallet displays are leading the global market and are anticipated to remain doing so in the years to come, notes the market study.

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North America to be the Leader

The report also provide a geographical analysis of the worldwide market for pallet displays, which it carry out on the basis of the performance of the markets for pallet displays in North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Rising at a CAGR of 4.30% between 2017 and 2026, the North America market is anticipated to be on the top of the game over the forthcoming years. However, the rising number of pallet display users, striving to become more competitive on a global level is anticipated to create growth opportunities other regional markets. The increasing proliferation of supermarkets and hypermarkets in emerging economies of Asia Pacific, Latin America, and the Middle East and Africa is likely to support these regional markets for pallet displays to register steady growth in the near future, states the research report.

Increasing Number of Malls and Supermarkets to Support Growth

“Pallet displays aid efficiently in the marketing of products, grabbing consumers’ attention and making it convenient for them to pick the products of their choices. This, in turn, is reflecting greatly on the demand for pallet displays, resulting in a significant growth of the global market,” says a TMR analyst. The rise in retail outlets, such as malls and supermarkets is directly influencing the number of pallet displays, as, the intense competition among enterprises, especially operating in consumer products, encourages them to market their products at every possible spot, with malls and supermarkets being the most profitable places. The economic rise in emerging economies is also expected to boost the growth of the global pallet displays market in the coming years, reports the research study.

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The review is based on a report by Transparency Market Research (TMR), titled “Pallet Displays Market (Product Type – Full Pallet Display, Half Pallet Display, and Quarter Pallet Display; End User – Hyper Market, Supermarket, Departmental Store, Specialty Store, Convenience Store, and Other Retail Formats; Application – Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Printing & Stationary, Electronics, and Automotive; Material Type – Corrugated Board, Foam Board, Plastic Sheet, Glass, and Metal) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026.”

Cold Form Blister Packaging Market – Global Industry Analysis by 2025

cold form blister packaging market

Transparency Market Research says that the competitive landscape in the global cold form blister packaging is highly fragmented. With a handful of key players, the overall market is run by several local entities. Amcor Limited, Bemis Company, Inc., Constantia Flexibles Group GmbH, Uflex Ltd., and Tekni-Plex, Inc. have been identified as the significant players in the global cold form blister packaging market. Most of these players are expected to focus on expansion, collaboration, and product innovation to stay ahead of the competition. Offering superior quality of products at a minimal cost is expected to be one of the key strategies of the companies operating in the overall market.

According to Transparency Market Research, the global cold form blister packaging market was worth US$715.4 mn in 2016 and is expected to reach a valuation of US$1, 1437.7 mn by the end of 2025. During the forecast period of 2017 and 2025, the global cold form blister packaging in expected to surge at a CAGR of 5.1%. Out of the various end users, the pharmaceuticals industry is likely to lead the global market in the near future.

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In terms of volume, this segment is expected to acquire a share of 97.8% during the forecast period in the global market. In terms of geography, Asia Pacific is expected to hold a dominant share in the overall market. This regional market is estimated to surge at a CAGR of 4.8% between 2017 and 2025.

Demand for High Barrier Packaging Products Boosts Demand for Cold Form Blister Packaging

The global cold form blister packaging is gaining market traction with a remarkable growth throughout the forecast period primarily due to the increase in the demand for high barrier packaging products in the pharmaceutical industry for the packaging of the unit dose medicines. The cold form blister packaging provides zero permeability to the moisture and surrounding gases. The cold form blister packaging is the best alternative to the thermoform blister packaging due to its high deamination resistance properties. The traditional cold form blister foil is made up of the multilayer structure which consists of the aluminum, oriented polyamide, and polyvinyl chloride. The composition of the aluminum, OPA, and PVC in a typical cold form foil is approximately 50%, 15%, and 35% respectively, by weight.

Also, the cold form blister packaging is around 1.5x to 2x costlier than the PVC-based thermoform blister due to high consumption of the material for the same size of pack. The latest trend observed in the cold form blister packaging market is the introduction of the innovative products such as burgo packs, shell packs, and calendar packs which remind patients to take medicine on exact time with proper tracking features. Also, the introduction of the Polypropylene and Polyester material as an alternative to the PVC in the multilayer structure is expected to change the dynamics of the market in the coming years. The opportunities in the cold form blister packaging market includes the growing demand for the unit dose medicines in the Europe and the Japan market due to the increasing dependency towards medicinal drugs with rise in ageing population.

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Slow Speed of Production to Restrain Global Market

The main restraints in the cold form packaging market are the challenges in achieving the economies of the scale and lack of transparency during the production, filling, and inspection process. The production process of the cold form blister packs is quite slow when compared to thermoform blisters. The slow speed of production consumes more energy for the production of the same number of packs.

This review is based on Transparency Market Research’s report, titled “Cold Form Blister Packaging Market (Material – Oriented-polyamide, Aluminium, Polyvinyl Chloride, Polypropylene, PE, and PET; Application – Pharmaceuticals (Tablets and Capsules, Inhalants, and Veterinary Solutions), Food and Confectionary, and Industrial Applications) – Global Industry Analysis and Forecast 2017–2025”.

Gable Top Liquid Cartons Market Research Insights by 2026

global gable top liquid cartons market

Growing need for safe transportation of beverage products has led to a surge in demand for the gable top liquid cartons globally. In addition, demand for unbleached and premium quality beverage cartons is projected to impact growth of the global market positively. Transparency Market Research states that the global gable top liquid cartons market is projected to register a CAGR of 5.7% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth

Growth of the global gable top liquid cartons market is mainly bound to various macro-economic and micro-economic factors. As need for contamination proof packaging of beverage products arises, manufacturing companies prefer adopting smart and intelligent packaging techniques. Beverage packaging products that accommodate premium and unbleached printing quality continues to witness much demand in the packaging industry. Demand for packaging liquid products such as edible oil, milk, egg yolk, wine, cream, yoghurt and juices has propelled adoption of the smart packaging techniques significantly.

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A recent trend witnessed among manufacturers is the increasing adoption of ‘active packaging’ techniques that enable the end users to manipulate and sense the packaging environment. Adoption of active packaging techniques helps in retaining the microbiological qualities of the content packaged. With the growing need to track and maintain the temperature of beverage products packaged, manufacturers are increasingly integrating intelligent packaging techniques that senses and indicates changes in the packaging environment. Surge in demand for beverage packages equipped with features that enable communication, convenience, protection and contamination is projected to fuel demand for the beverage packages significantly. As manufacturers focus on incorporating intelligent and active packaging techniques in the beverage packages, sales of gable top liquid cartons is projected to increase significantly.

Imposition of regulations by the governing authorities in various countries will continue to rev up demand for gable top liquid cartons in the global market. Government regulations imposed is further pushing the manufacturing companies to develop packaging products in line with environmental recycling targets. Bound to these benefits, adoption of the gable top liquid carton continues to remain high in the global market.

Unlike the plastic bottles, cartons composed of paperboard also enables effective brand recognition and allows more potential for printing graphics on the beverage cartons. With the increasing demand for the premium quality designs and flexography in the packaging products, sales of the gable top liquid cartons will continue to increase positively. Companies operating in the global market of gable top liquid cartons are focusing on implementing various strategies such as product development and innovation.

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In order to develop enhanced products, the manufacturing companies are increasingly incorporating leading technology that ensure protection from contamination and extreme temperature. Moreover, growing need to develop environment friendly packaging products is further expected to impact the global market growth of gable top liquid cartons globally. As the gable top liquid cartons are produced with high-quality long fibers, these packages can be conveniently recycled. Such factors will continue to fuel the global market growth of gable top liquid cartons during the forecast period.

Sales of Uncoated Paperboard to Remain High

With the growing need for beverage packaging that allow minimal spillage and offers protective packaging, sales of straw hole opening cartons will remain high. In terms of revenue, the straw hole opening cartons product type segment is projected to witness significant revenue growth, representing around US$ 500 Mn by 2026-end. On the other hand, the the king twist opening cartons product type segment is projected to reflect a robust CAGR during the forecast period.

During the forecast period, the aluminum coated paperboard material type segment will continue to represent the fastest growth in the global market of gable top liquid cartons. In contrary, the uncoated paperboard material type segment is projected represent robust revenue growth, accounting more than US$ 700 Mn by 2017-end.

Market Players

Major players in the global market of gable top liquid cartons are NIPPON PAPER INDUSTRIES CO., LTD., Tetra Pak International S.A., Elopak Inc, Evergreen Packaging Inc, American Carton Company, ITALPACK CARTONS SRL, SIG Combibloc GmbH, Sonderen Packaging, Adam Pack sa, Parksons Packaging Ltd. and TidePak Aseptic Packaging Material Co.Ltd.

Tactile Switches Market Scope, Trends, Future Demand 2027

Tactile switches are electromechanical switches that have gathered steam in electronic circuits that consume less power and meant for low energy footprint electronics. The tactile switches market has thus addressed the need for circuits for a vast range of low power devices. The technology has gained popularity in interface control-panel applications, a key aspect of the evolution of the tactile switches market. The click response and high durability are the salient features based on which manufacturers are bringing new advancements with respect to new shapes and materials. Key applications are in household appliances, commercial equipment, office equipment, and industrial machinery. Major end-use industries are automotive and medical. These switches show excellent performance in condition settings and operation of the equipment in these applications such as air conditioning systems, dishwasher, washing machine, and measuring instruments.

Global Tactile Switches Market: Growth Dynamics

The tactile switches in reaping revenues from the growing application of such switches in the automotive and information appliances applications. Growing use of low-power devices in aircraft systems is driving the uptake. The strides made by aircraft manufacturing is bolstering the prospects of the tactile switches market. Moreover, the growing popularity of these switches in in-flight entertainment connectivity in the aerospace industry around the world is a prominent trend.

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Growing preference of electromechanical technology over manual switches in operation of variety of devices and equipment among consumers around the world has been boosting the tactile switches market. Over the past few years, substantial development activities have taken place in tactile technology, thus expanding the outlook of the tactile switches market. However, the advent of touch screen technology has hampered the prospects. On the other hand, the growing application for information appliances in homes has been imparting a robust impetus to the growth of the market. The growing adoption of 3D printing will lay bare several lucrative avenues for players in the tactile switches market. Further, growing automation in equipment operations around the world has enabled the commercialization of tactile switches.

Global Tactile Switches Market: Notable Developments

Design is an integral part of safety in ships and the choice of controlling technology is crucial. This has been reiterated in the marine transportation industry. The National Transportation Safety Board, an independent U.S. government investigative agency, has in recent report has illuminated the industry on the factors behind civil transportation accident. It has found that the type of switches was very crucial for avoiding collisions in recent accidents. In response to this, the U.S. Navy has decided that it will replace helm and throttle with mechanical switches by 2020-end. This will offer a large avenues for the uptake of tactile switches, expanding the potential of the tactile switches market.

Another application area where players in the global tactile switches see a large revenue stream is for automotive applications. Car makers have been benefitting from improvements made in tactile technology used in the switches. These are aimed at improving the security of passengers and comfort of the drivers.

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Some of the well-entrenched manufacturers and players looking for sizable stakes in the tactile switches market are:

  • Panasonic
  • OMRON Electronic Components
  • NKK Switches
  • C&K Switches
  • TE Connectivity Ltd
  • Bourn Inc

Global Tactile Switches Market: Regional Assessment

Numerous developing and developed regions of the world are seeing promising potential of the tactile switches market. Key regions are North America, Europe, the Middle East and Africa, and Latin America. Of these, Asia Pacific has been showing a marked revenue potential to players in the tactile switches market. Rising sales of consumer electronics with low-energy footprint and extensive uptake of information appliances over the past few years have helped the region to occupy a prominent position in the global tactile switches market.

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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.

Biochips Market to Reach US$22.2 bn by 2023

The demand within the global biochips market has been rising on account of advancements in the domain of molecular biology and testing, finds Transparency Market Research (TMR). The manufacture of biochips was a revolutionary feat for the technological sector, and the market vendors are still reaping revenues through it. The competition in the global biochips market is expected to rise in the years to follow. This is because a large number of entities want to leverage the lucrative nature of the market to their advantage. The entry of new manufacturers of biochips in the market has disrupted the competitive dynamics of the market. The level of fragmentation in the global biochips market has increased as no single vendor has a lion’s share of the market.

The global biochips market consists of several vendors who have attained expertise in manufacturing. This propensity of the biochips market has generated new growth opportunities within the market. The large-scale vendors in the global biochips market are focusing on retaining their efficiency of production and pace of sales. Furthermore, these vendors have established direct contact with the healthcare and medical fraternity to ensure a regular inflow of demand. Some of the key vendors in the global biochips market are Cepheid Inc., Affymetrix Inc., GE Healthcare Ltd., and Fluidigm Corporation.

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Transparency Market Research (TMR) predicts that the global biochips market would expand at a robust CAGR of 16.90% over the period between 2015 and 2023. Furthermore, the total value of the global biochips market is projected to reach US$22.2 bn by 2023, rising up from a value of US$5.7 bn in 2014. On the basis of geography, the global biochips market is led by the North American region.

Use of Biochips in the Medical Sector to Aid Market Growth

The global biochips market is projected to expand in size and increase in revenues over the forthcoming years. This majorly owes to the increasing usage of biochips in the medical industry. These chips can be embedded inside the body to track and monitor a number of medical parameters. Furthermore, the need for improved diagnostics and treatment is also projected to bring in voluminous revenues into the global biochips market. Digital microfluidic biochips are amongst the most commonly used chips across several industries. This factor also needs to be evaluated while gauging the growth dynamics of the global biochips market. The storage function and operations of microfluidic biochips have played a key role in driving demand.

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North America to Lead Market Growth

The global biochips market has attracted voluminous revenues in recent times. The market for biochips in North America has especially been expanding at a stellar pace over the past decade. This majorly owes to the supremacy of microarray fabrication technologies in the US and Canada. Furthermore, the presence of key tools for studying surface chemistry and biology has also generated a plethora of opportunities within the global market. The healthcare industry across the US has remained steadfast in adopting new technologies and aids. This factor is also expected to reek of growth within the global biochips market in the years to come.

The review is based on TMR’s report titled, “Biochips Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023”.