LeapZipBlog: Steve Blade

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Customized Machine to Gain Momentum in Food Vacuum Drying Machine Market Ecosystem

March 12, 2019 by Steve Blade  

  The advent of food vacuum drying machines has reinforced feasibility in various food drying applications, thereby projecting a promising futuristic outlook of the food vacuum dryers market. Significant upraise in demand for food vacuum dryers is driving continuous efforts and developments by manufacturers operating in the food vacuum drying machine market. These persistent developments and efforts for diversifying the existing product framework are stimulating the market to land on a prosperous growth course. Moreover, high preferences for processed food is also adding up to the overall demand for food vacuum dryers across the globe. The study foresees food vacuum drying machine market to exhibit an impressive CAGR of 2.9% during the forecast period 2018-2018.

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Growth of the food vacuum drying machine market is significantly influenced by quality retention, which stands out as a major area of concern in the food industry. On the backdrop of regulations enforced on product quality and pertinent specifications, the manufacturing processes are being closely scrutinized. The products provided by the food industry are heat-sensitive, which entails the requirement for a suitable ecosystem for drying.

Based on the aforementioned requirement, food vacuum drying machine equipped with advanced features are considered suitable for drying purposes in food industry, primarily for unit operations such as separation and purification. Proliferation of food industry complemented with development in production facilities have led to heightening demand for food vacuum drying machine. This, in turn, has paved remunerative avenues for food vacuum drying machine market. The food vacuum drying machine market is all set to embark on a journey of prosperity with mushrooming number of projects lined up in the food industry.

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The report further elaborates on taxonomy of the food vacuum drying machine market based on segments like product type, operating principle, mesh type, frontrunners, competitors, and contenders. Based on product type, the report entails estimations of continuous vacuum belt dryers, continuous vacuum freeze belt dryers, vacuum drying cabinets, and pilot vacuum dryers. Food vacuum drying machine market is further segregated as per operating principles such as direct drying and indirect drying. From the geographical standpoint, the regional analysis of the food vacuum drying machine market has been represented in three different leagues/categories-

The report features some of the prominent and well-established players operating in the food vacuum drying machine market. Those players are featured on the basis of their market foothold, and revenue shares in the food vacuum drying machine market. Some of the players operating in the food vacuum drying machine market include GEA Group Aktiengesellschaft, ANDRITZ AG, Bucher Unipektin AG, Binder GmbH, and OKAWARA MFG.CO., LTD. One of the primary strategy executed by food vacuum drying machine market players is broadening their customer base and sustain revenue share, while developing highly-efficient food vacuum drying machine. Moreover, product innovation and development strategy collectively are counted on by the food vacuum drying machine manufacturers as essentials for upgrading their market foothold.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Flash Dryers Market: Demand to Grow Owing to its Indispensability in the Process Industry

March 12, 2019 by Steve Blade  

A recent study of Fact.MR foresees the flash dryers market to record a moderate 3.4% CAGR through 2028, as the flash dryers market is almost at its mature stage. Medium-sized flash dryers have been envisaged to record a relatively faster value sales growth during the period 2018 to 2028. Faster sales of medium-sized flash dryers can be attributed to the advent of continuous spin flash dryers, particularly for small- and medium-sized industries that are showcasing a surge in emerging markets, where opportunities for industrial growth is abundant. Despite relative dominance of medium-sized flash dryers in terms of value sales, large-sized flash dryers will continue to subjugate the flash dryers market in terms of revenues.

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Asia-Pacific (APAC) continues to hold leading shares of the flash dryers market. APAC’s supremacy, in terms of both value and volume, in the flash dryers market can be attributed to growing occupancy of food industries, particularly in India and China. According to the Food and Agriculture Organization (FAO), China is the largest producer of tea, trailed by India in APAC. Tea processing industries pose a significantly positive influence on demand for flash dryers in these countries. Additionally growing focus on high-quality processed food, along with incessant rise in total regional food production, will continue to underpin growth of the flash dryers market in APAC.

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A systematic representation of imperative segments of the flash dryers market has been offered in terms of a market taxonomy in the report. The flash dryers market has been primary categorized on the basis of size, end-use industries, operating principle and region. Small, medium and large are basic sizes of the flash dryers available in the market, on which in-depth analysis and forecast has been offered in the report. The report has classified end-use industries in the flash dryers market into food, fertilizer, chemical, construction material, pharmaceutical, and others. Direct drying and indirect drying are key operating principles elucidated and analyzed in the report.

Medium-sized flash dryers will continue to outsell small- and large-sized flash dryers during the forecast period. Revenues from medium-sized flash dryers are expected to account for over two-fifth share of the flash dryers market by 2028-end. Advent and advancements in continuous flash dryers has brought significant transformations in the industrial automation sector. This is fundamentally underpinned by growing investment in flash dryer development to cater to demand in food and chemical industries. Managing process time in end-use industries is a key factor that has propelled demand for medium-sized continuous flash dryers in recent years. Proliferation of SMEs apropos of drying plants in emerging markets will continue to favor demand for medium-sized flash dryers in the near future.

A SWOT analysis, which highlight key strengths, weaknesses, opportunities and threats to the players underpinning growth of the flash dryers market, has also been offered in detail in this chapter. Flash dryers manufacturing companies profiled and analyzed by the report include ThyssenKrupp AG, GEA Group Aktiengesellschaft, ANDRITZ AG, and FLSmidth Group.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Electronic Shelf Label Market: Stellar Growth in Demand on the Back of Improved Price Management

March 12, 2019 by Steve Blade  

Increasing proliferation of Internet of Things (IoT) coupled with growing digitization in the retail sector continue to influence the growth of the electronic shelf label market. Persistent growth in the retail sector has resulted in a meteoric expansion of retail outlets, particularly supermarkets and hypermarkets across key developed and emerging economies worldwide. Fact.MR foresees that the demand for electronic shelf label is projected to expand at a stellar pace with a CAGR of 21.5% in terms of value throughout the period of forecast, 2018-2026. Sales of electronic shelf label are estimated to cross US$ 1,700 Mn by end of 2026 on the back of surging growth in the retail sector worldwide, says the report.

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Electronic shelf label, a novel technology in the retail industry, offers efficient interoperability as compared to paper labels during dynamic price change. While promotions play a vital role in enhancing sales and brand value, companies need to carry out changes in the prices of commodities and goods at a dynamic pace. With electronic shelf label it becomes convenient to carry out price up gradations at a rapid pace providing seamless control on pricing management. Moreover, electronic shelf label reduces pricing errors in stores.

With increasing competition in the retail sector, it becomes imperative to carry out pricing variations to complement sales of commodities. This has resulted in increasing demand for convenient, less complicated and cost efficient solutions such as electronic shelf label in the merchandise space, consequently fuelling demand for electronic shelf label.

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Sales of electronic shelf labels are largely influenced with enhanced customer satisfaction during store shopping. Errorless pricing coupled with optimization in store workflow has resulted in increased employee and customer satisfaction which has pushed retail stores to adopt these novel devices in a bid to increase customer footfall every day. Moreover, with electronic shelf label and other display solutions, promotional offers are easily communicated to customers, which is influencing their purchasing decision. This aspect has fuelled the demand for electronic shelf label on the back of efficient customer service they deliver, making them a vital sales funnel for retailers worldwide.

Regulations linked with use of electrical and electronic equipment across several regional markets is likely to challenge the growth in adoption of electronic shelf label, says the report. Preliminary complexity associated with their use is the waste management of these devices at the end of their service life. Regulations on import of WEEE (Waste Electrical and Electronic Equipment) owing to presence of hazardous components such as cadmium, lead and mercury, which is expected to hinder the growth of the electronic shelf label market during the forecast period.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Belt Loader Market: Lean Manufacturing and Just-in-time Delivery to Add to the Demand

March 12, 2019 by Steve Blade  

 Belt loaders have evolved as a useful for airport applications, thereby creating a multitude of opportunities for vendors in belt loaders market. Also, belt loaders market is recording burgeoning demand from civil as well as military applications to handle luggage during loading and unloading. Swift technological advancements such as belt loaders armed with sensors for detecting obstacles also reduces extra cost of damage during baggage handling, thereby pushing growth of belt loaders market. Furthermore, remarkably progressing carbon footprint is one of the primary concerns, which is well-curtailed by electric belt loaders.

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Due to the aforementioned aspect, electric belt loaders are foreseen to witness substantial demand over the forecast period for carbon footprint reduction. This, in turn, is believed to spur revenues of belt loaders market. As per the report mentioned by Fact.MR, the belt loaders market was sized over US$ 8,000 Mn in 2018. The market is further estimated to value around US$ 14, 309 Mn by 2028 end.

Rapid adoption of lean manufacturing and just-in-time delivery across the globe is acting as preeminent factor drawing demand from belt loaders market. In case of minimal or compact size of an inventory lot, use case of belt loaders market comes into picture for moving inventory to the next workstation. This helps in eliminating a big deal of material handling personnel and equipment, thereby creating an advantage for belt loaders market. Furthermore, belt loaders market have also gained advantages by helping in reduction of work-in-process inventory migrating between work stations. Belt loaders market find extensive applications in the wake of their efficiency of handling loads irrespective of size and shape, primarily in production and process work. In addition to that, belt loaders market have also witnessed surging demand for upgrading productivity and efficacy matrix of various industrial facilities. On the flip side, factors like high initial investments and inconvenience of flexibility are foreseen to hamper growth of belt loaders market.

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The belt loaders market has been classified based on various segments such as product type, loading capacity, working height, end-use type, and regions. By product type, belt loaders market has been classified as self-propelled, diesel, electric, gas, and towable. By loading capacity, the belt loaders market has been classified as less than 1000 lbs, 1000-2000 lbs, and above 2000 lbs. By working height, it is classified as less than 4m and 4m & above.  By end-use type, belt loaders market register requirements for civil and military purposes. From a geographical standpoint, the belt loaders market has been analyzed across regions of North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and MEA.  Some of the key players operating in the belt loaders market include Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, JBT Corporation, TLD Group (Alvest group), Aviogei Airport Equipment Srl, and Charlatte Manutention (Fayat Group).

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Improving Road Infrastructure to Underpin Asphalt Pavers Market Sustainability

March 12, 2019 by Steve Blade  

 Fact.MR shows that expansion and improvements in road infrastructure are the prime fillips responsible for asphalt paver sales in the construction equipment market. Airport paving projects are other prominent consumers of asphalt pavers wherein construction equipment companies are focusing on the procurement of big-ticket projects.

According to Fact.MR estimations, the asphalt pavers market will witness volume sales of over 34,600 units in 2018, a marginal growth from 2017. Overall growth of the market is driven by,

  • Use of predictive maintenance systems in construction equipment to prevent downtime and reduce operating costs
  • Improved fleet management with different financing and equipment acquisition options
  • Development of efficient asphalt pavers with improved screed operations and maneuverable paving width

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Growing emphasis on prolonging the lifespan of existing road and highway infrastructures and increasing public and private investments are major factors fuelling the demand for asphalt pavers. As construction companies are vying for low operating costs and higher productivity, the asphalt pavers market has witnessed the introduction of some of the excellent, high-performance models of asphalt pavers in past half a decade,” says a senior analyst at Fact.MR.

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Asphalt Pavers’ Stakeholders Target Customer Convenience in Financing Options and Equipment Acquisitions

A steady economic growth combined with significant investments in construction projects is ensuring business optimism in the construction equipment marketplace. Inclusion of disruptive technologies is further changing the equipment landscape wherein customer preferences are changing dynamically.

Equipment finance companies are adopting innovative and tailored financing options to meet unique customer demand. Use of different platforms to perform periodic hardware diagnostics and innovative service agreements is fueling increasing equipment acquisitions in the asphalt pavers market.

In the consolidated landscape of the construction equipment industry, the asphalt pavers market presents the dominance of a handful of market player wherein Fact.MR valuation finds that Tier 1 players hold over 64% of the total market share. Leading players in the asphalt pavers market are leveraging acquisition, new product launch and expansion strategies to increase their revenue share in the global asphalt pavers market.

Procurement of big-ticket projects continues to remain prominent strategies of Tier 1 companies in the asphalt pavers market. For instance, construction equipment fleet of over 50 machines from Wirtgen Group is being utilized in the New Istanbul Airport, world’s biggest airport project. Another instance is of Dynapac wherein a fleet of Dynapac machine is utilized by Kuwait’s largest construction company Galfar Engineering and Contracting to aid road and infrastructure projects in Kuwait.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Top 6 Companies Hold over 50% Share of the Articulated Hauler Market

March 12, 2019 by Steve Blade  

According to the Fact.MR study, articulated haulers with engine power up to 400 HP are likely to register volume sales of almost 8,400 units in 2018, accounting for over 50% of the global sales. Demand for articulated haulers with 400-500 HP engine is the second largest and is estimated to report nearly 6000 units of volume sales in 2018.

According to Fact.MR’s new study, the articulated hauler market will register volume sales of over 16,400 units in 2018 with a marginal 1% increase in 2017.

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Fact.MR study shows that perennial demand for articulated hauler in the construction industry underpins the steady growth of the articulated hauler market. In a bid to efficiently address demand from the end-user industries and increase the stabilizing sales through the dealer network, manufacturers in the articulated hauler market consistently introduce new B2C business approaches that deliver better service offerings to customers.

Reduced emission and compliance to Tier IV Final emission standards has become a prime marketing strategy of manufacturers in the articulated hauler market. Moreover, in a bid to enhance the brand image, manufacturers in the articulated hauler market have introduced additional features to achieve fuel efficiency and increased productivity. Along with low emission engines, advanced articulated haulers are equipped with fuel-sipping engines, light-weight materials, advanced energy storage capabilities as well as technologies such as GPS and telematics.

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Construction industry heavily relies on temporary works wherein equipment hire continues to remain at the centerstage. Considering the cost-intensive nature of the equipment, heavy-duty equipment including articulated haulers are primarily rented rather than owned. Further, in a bid to make significant savings, end-use industries of the articulated hauler market show a significant inclination towards rental solutions.

Prominent players in the articulated hauler market such as Volvo CE, Bell, Caterpillar and Deere & Company provide on-demand rental services to cater to the growing demand for temporary equipment solutions. Services such as customized rental packages with quality assurance and maintenance support are provided through dealers of these prominent articulated hauler market players.

 Competitive Landscape

The competitive landscape assessment offered in the articulated hauler market report is one of the most insightful section that delivers information of latest and notable developments undertaken by key players in the articulated hauler market.  Some of the profiled players in the articulated hauler market include Volvo Group, Doosan Corporation, Caterpillar, Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Deere & Company, Liebherr Group, CNH Industrial N.V., XCMG Group and Bell Trucks America, Inc.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Aircraft Towbar Market : Airlines Emphasis on Operational Time Reduction to Create Demand

March 12, 2019 by Steve Blade  

 The report finds that conventional towbar mechanism continues to be the preference for the aviation industry; however, the status quo is undergoing a change owing to proliferation of electric aircraft towbars. Despite preeminence of conventional aircraft towbar in terms of volume, electric aircraft towbar is set to register approximately 2X sales growth than the former through 2028. The report finds that corded electric aircraft towbars are being steadily replaced by cordless variants. Additionally, advancements in battery technology, from lead-acid to lithium-ion, has further complemented development and sales of electric variants in the aircraft towbar market recently.

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The sluggishness in the aircraft towbar market continues in 2018 as well, with global demand likely to grow by just 44 units over 2017. According to a new Fact.MR study, a combination of multi-pronged factors, ranging from concerns about ground support inefficacy to rising procurement costs is likely to impact the prospects of the market.

Prevalence of diesel aircraft towbar continues to remain the mainstay of airport and airline operations, however remotely operated aircraft tug are soon likely to replace these conventional equipment. Enormous improvement in efficiency, manpower, environmental footprint, and productivity are key aspects complementing the permeation of remotely controlled aircraft tugs, thereby impeding demand for aircraft towbar as a consequence. In addition, the trend from towbar to towbarless is further expected to confine growth prospects of the aircraft towbar market in the forthcoming years,” says a lead analyst at Fact.MR.

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The report provides a systematic representation of important segments in the aircraft towbar market, with the help of a taxonomy table. The aircraft towbar market is primarily segmented in terms of product type, material type, aircraft type, tow-head type, towbar mechanism, and region. Multi-head aircraft towbar and standard/universal aircraft towbars are key product type segments analyzed in the aircraft towbar market. The report classified the materials used for production of aircraft towbars into aluminum and steel. Aircraft types analyzed in the aircraft towbar market include executive jet, civil aircraft, cargo aircraft, and military aircraft. Shear pin and clamp are the two tow-head types examined in the aircraft towbar market. The report segments the towhead mechanism of aircraft towbars into conventional and electric. The report has categorized the aircraft towbar market regionally into CIS & Russia, Japan, Middle East & Africa, Asia-Pacific excluding Japan, Europe, Latin America, and North America.

Fact.MR’s report on the aircraft towbar market offers holistic intelligence on demand and supply trends of aircraft towbar worldwide, along with an in-depth assessment on the aircraft towbar market’s competitive landscape. Comprehensive data on prominent as well as emerging aircraft towbar manufacturers has been offered, along with analysis on their company overview, product overview, key financials and key developments. Key aircraft towbar market players profiled in the report include Tronair, Brackett Aircraft Company Inc., K&M Airporttechnik, Techman-Head Group, and others.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Portable Tools Market: E-commerce Offering Greater Visibility and Reach

March 11, 2019 by Steve Blade  

According to the report, the portable tools market continues to be highly fragmented, with a number of local and regional players accounting for miniscule revenue shares. Large corporations, such as Stanley Black & Decker, Inc. and Robert Bosch GmbH have single-digit market share from portable tools. The report finds that a large number of local and regional players cater to fixed categories of portable tools, with power tools and personal protection equipment among the top draws.

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Portable tools market continues to maintain its momentum on back of strong sales of personal protective equipment and power tools. The US$ 85 billion market is likely to show Goldilocks growth, with market revenues likely to grow by 1.4X between 2018 and 2028. These insights are according to a latest Fact.MR study that tracks the portable tools market in over seven regions and over 50 countries.

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Portable tools sales are significantly impacted by macroeconomic factors, most notably, GDP, urbanization, economic growth, and industry value. According to OECD, world real GDP has shown a consistent surge since 2016, and the ascendancy is likely to be sustained in the long run. According to United Nations Department of Economics and Social Affairs, 68% of world’s population will live in urban areas by 2050, up from 55% currently. The direct co-relation between macroeconomic growth and portable tools sales is likely to augur well for the stakeholders in this market. The steadiness in automotive sales, especially in North America and Asia Pacific, and the long-term positive outlook on the automotive industry is likely to create opportunities for portable tool manufacturers. Growth in automotive sales directly impacts investments in repair and maintenance tools, especially among garage owners.

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Sustained demand from metal fabrication industry has traditionally offered support to global portable tools sales; the status quo is unlikely to change over the course of the forecast period. The metal fabrication industry is likely to maintain its y-o-y growth rate of over 2% in the long term. Demand for specialized tools that do not pose challenges in terms of inventory and storage overheads is likely to augur well for the growth of the market.

Availability of portable tools on e-commerce platforms has offered manufacturers new ways of reaching out to their target audience. Doorstep delivery, discounts, and detailed instructions on using portable products are key USPs of e-commerce sellers. The growing DIY ethic is also influencing online sales positively, as a significant percentage of first-timers look for specific information on instructions.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Polypropylene Woven Bags & Sacks Gain Ground Offsetting Palpability of Polythene’s Environmental Hazard Concerns

March 11, 2019 by Steve Blade  

Quality-constructed to impart economical yet strong packaging, laminated polypropylene woven bags and sacks continue to dwarf their non-laminated counterparts. 60% of polypropylene woven bags and sacks sales converted worldwide are laminated, according to a recent Fact.MR study. The study foresees the polypropylene woven bags and sacks market to record a moderate 4.0% volume CAGR through the period of forecast, 2018 to 2028.

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Palpability of polythene’s environmental hazards has emphasized the use of sustainable alternatives in the packaging sector, thereby entailing adoption of polypropylene woven bags and sacks. Rapid inroad paved by the retail industry in FMCG sector, which has resulted in proliferation of retail outlets, will continue to bode well for growth of the polypropylene woven bags and sacks market.

The demand for polypropylene bags and sacks from the cement industry has increased significantly in the last few years, due to increase in urbanization and growth in the industrial sector. Multinational companies are eyeing the Middle East region in anticipation of increased demand from the building & construction industry. The cement industry in Saudi Arabia is expected to grow at an annual average rate of the 10-12%, during 2014-2020. Steady increase in the cement industry will increase the demand for its packaging, and in turn, polypropylene woven bags and sacks. Polypropylene woven bags & sacks offer optimum strength and good material handling during transportation and shipping.

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They are highly preferred for cement packaging. In recent years, it has been noticed that the number of polypropylene woven bags & sacks manufacturers for industrial applications has increased dramatically. For example, Cement Product Industry Co. Ltd has achieved strong growth within a short span of time. The company serves packaging needs of the major cement industries in the GCC region. Moreover, the demand for polypropylene woven bags & sacks is very high in Saudi Arabia and UAE region due to large scale industrial development in this region. Both of these countries account for a large market share of the cement industry in the region. With the increase in cement production by cement manufacturers, the demand for polypropylene woven bags and sacks is expected to rise.

According to the study, end-use of polypropylene woven bags and sacks continues to remain robust in the food and building & construction industries. However, sales rate of polypropylene woven bags and sacks in agriculture & allied Industries is foreseen to overshadow sales in food and building & construction industries during the period of forecast. Revenues from polypropylene woven bags and sacks sales in retail & shopping sector will continue to observe a sluggish rise through 2028.

Key players operating in the global market for polypropylene woven bags and sacks include Mondi Group plc, United Bags, Inc, Berry Global, Inc., Muscat Polymers Pvt. Ltd, Al-Tawfiq Company, Emmbi Industries Limited, Uflex Ltd., Palmetto Industries, Printpak Inc and Emmbi Industries Limited, among others. Top of Form

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PET Containers Market: Single-Serve Beverages Bolstering PET Containers Demand

March 11, 2019 by Steve Blade  

Fact.MR delivers key insights on the PET containers market in its published report, titled “PET Containers Market: Industry Analysis and Opportunity Assessment, 2018–2028”. In terms of revenue, the PET containers market is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors, about which Fact.MR offers thorough insights in this report.

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The APEJ region is the leading contributor to the global PET containers market. The market for PET containers in China and India are expected to forefront the APEJ PET containers market growth during the forecast period. Countries in the APEJ region, such as India, ASEAN, etc. have witnessed rapid penetration of modern retail outlets, especially in the urban areas, which have indirectly affected the market for PET containers.

Easy admittance towards hypermarkets and supermarkets has enabled an increase in the consumption of beverages, such as soft drinks, in PET containers. This has enabled beverage manufacturers such as PepsiCo and the Coca-Cola Company to invest heavily in the areas of production, enhancing their manufacturing capacity and ramping up their supply chain, all of which has headed to an increasing demand for PET containers solutions for beverages.

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According to Earth Day Organization, people in the U.S. purchased nearly 1 million PET containers of all types per minute in 2016. The customers in the developed countries have become more health conscious and are switching from sugary soft drinks to the healthier and more natural drinks. The sales of PET containers in bottled water application has grown at more than 10% rate for the past few years in the developed countries. The declining profit margins of carbonated drinks sales has been compelling the beverage companies to invest more on bottled water, which is consequently driving the sales of PET containers.

The PET containers market is highly fragmented, where Plastipak Holdings, the largest players account for a mere 3% share. Plastipak produces nearly 40.1 billion PET containers and preforms. The top ten players in PET containers market make up only one-third of the market, although they cater to most of the applications. Key players operating in the PET containers market include Plastipak Holdings, Inc., RETAL Industries Ltd., ALPLA Werke Alwin Lehner GmbH & Co KG, Resilux NV, Taiwan Hon Chuan Enterprises Co., Ltd., Esterform Packaging Limited, Berry Group, Inc, Indorama Ventures Public Co., Ltd, Zhongfu Enterprise Co Ltd., and Eskapet Pet Ürünleri Kimya San. ve Tic. Ltd.

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