Transportation Management Systems Market to Reap Excessive Revenues By 2028

 Transportation Management Systems Market Growth & Trends

The global transportation management systems market size is expected to reach USD 27.48 billion by 2028, according to a new report by Grand View Research, Inc., the market is expected to register a CAGR of 14.3% from 2021 to 2028. The unabated growth of the e-commerce and retail industries and the strong emphasis on automating the supply chain and logistics processes using the latest technologies are expected to drive the demand for Transportation Management Systems (TMS) over the forecast period.

The logistics industry has been evolving in line with the advances in technology. The latest technologies, such as artificial intelligence (AI), blockchain, Internet of Things (IoT), and big data, are rapidly transforming the way transportation systems are designed and implemented. Logistics and transportation activities involve a significant exchange of information between all the stakeholders, especially the customers and service providers. At this juncture, efficient TMS facilitates the rapid exchange of information. They also enhance visibility and control over the shipments and subsequently efficiency and customer satisfaction.

The demand for Software-as-a-Service (SaaS)-based TMS is growing owing to the cost-effectiveness and flexibility associated with the SaaS delivery model. Cloud-based services account for a significant share of the global TMS market. Given the increasing demand for customized solutions, vendors are competing aggressively to offer advanced, on-demand software.

Transportation management systems help in accelerating the order-to-delivery cycle times, reducing inventory management costs, ensuring compliance, reducing freight costs, and cutting the time spent on maintaining customs documentation. The higher ROI offered by transportation management systems is particularly serving as a primary driver of the growth of the TMS market.

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Transportation Management Systems Market Report Highlights

• The cloud segment is anticipated to register a significant CAGR over the forecast period. The growth can be attributed to the continued digitalization and growth of the e-commerce industry in emerging economies
• The airways segment is expected to register a considerable CAGR over the forecast period. The growing demand for fast-paced delivery of products from the incumbents of the retail, e-commerce, healthcare, and logistics industries is expected to encourage the deployment of TMS for air transportation
• The government organizations segment is anticipated to register a moderate CAGR over the forecast period owing to the rising demand for traffic management solutions, including automatic number plate recognition, signaling, information management, and parking management, among others
• North America accounted for the largest revenue share owing to the increasing import and export activities across the U.S. and Canada, which are driving the demand for TMS for real-time tracking of products across the region

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Transportation Management Systems Market Segmentation

Grand View Research has segmented the global transportation management systems market based on deployment, mode of transportation, end-use, and region:

Transportation Management Systems Deployment Outlook (Revenue, USD Billion, 2018 - 2028)

• On-premise
• Cloud

Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2018 - 2028)

• Roadways
• Railways
• Waterways
• Airways

Transportation Management Systems End-use Outlook (Revenue, USD Billion, 2018 - 2028)

• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Others

Transportation Management Systems Regional Outlook (Revenue, USD Billion, 2018 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East & Africa

List of Key Players in the Transportation Management Systems Market

• 3GTMS
• BluJay Solutions Ltd.
• Cerasis, Inc.
• H. Robinson Worldwide, Inc.
• The Descartes Systems Group Inc.
• Infor Inc.
• International Business Machines Corporation
• inet-logistics GmbH
• JDA Software Group, Inc.
• Manhattan Associates
• MercuryGate International Inc.
• Oracle Corporation
• SAP SE
• Trimble Transportation Enterprise Solutions, Inc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Skin Care Products Market Top Players ,Analysis And Forecast Till 2028: Grand View Research Inc.

 Skin Care Products Market Growth & Trends

The global skin care products market size is expected to reach USD 188.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.8% from 2021 to 2028. Rising concerns regarding skin problems are driving the industry for skin care products. The growing demand for concern-specific skin care products such as face creams, body lotions, shaving lotions and creams, and face sunscreens is likely to fuel the overall demand.

Rising awareness regarding the various benefits of using skin care products has resulted in a rise in their demand over the last few years. Moreover, an inclination toward natural and organic skin care products is observed, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals.

The female gender segment held the largest share in 2020 and is expected to maintain its lead over the forecast period. Women are increasingly adding personal grooming products to their daily routines to enhance their confidence and appearance. The increased demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market growth.

The supermarkets and hypermarkets distribution channel segment held the largest share in 2020.A large number of consumers prefer buying skin care products from hypermarkets and supermarkets due to the shopping experience offered by these stores. The ability to physically verify these products, along with expert assistance, is another major factor contributing to the growth of this distribution channel. The market for skin care products is consolidated with the presence of a large number of international players and a few regional players.

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Skin Care Products Market Report Highlights

• Asia Pacific held the largest revenue share in 2020. The increasing consumption of skin care and cosmetic products in the emerging markets of China and India due to a growing number of new product launches and rising concerns about skin health, the harmful effects of UV rays, and skin conditions are likely to positively influence the market growth in the APAC region
• The others product segment is projected to register the fastest CAGR of 5.7% from 2021 to 2028.The other segment includes various types of skin care products such as face masks and serums. Serums are generally used to get a fresher, younger skin appearance by reducing blemishes and providing essential hydration
• By distribution channel, the supermarkets and hypermarkets segment is expected to witness the fastest growth during the forecast period owing to a shift in consumer shopping behavior. Hypermarkets and supermarkets sell a variety of cosmetic and beauty care products for both men and women. Owing to the increasing demand for cosmetic products and rising shelf space, many of these stores have trained professionals in the cosmetics and beauty aisles to provide customers expert guidance and recommendations

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Skin Care Products Market Segmentation

Grand View Research has segmented the global skin care products market on the basis of gender, product, distribution channel, and region:

Skin Care Products Gender Outlook (Revenue, USD Million, 2016 - 2028)

• Male
• Female

Skin Care Products Outlook (Revenue, USD Million, 2016 - 2028)

• Face Creams & Moisturizers
• Cleansers & Face Wash
• Sunscreen
• Body Creams & Moisturizers
• Shaving Lotions & Creams
• Others

Skin Care Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Supermarkets & Hypermarkets
• Convenience Stores
• Pharmacy & Drugstore
• Online
• Others

Skin Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Skin Care Products Market

• L’Oreal S.A.
• Beiersdorf AG
• Shiseido Co., Ltd.
• Procter & Gamble (P&G)
• Unilever
• Johnson & Johnson Services, Inc.
• Avon Products, Inc.
• Coty Inc.
• Colgate-Palmolive Company
• Revlon

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Antiviral Drugs Market is Thriving USD 60.0 Billion Revenue by 2028: Grand View Research Inc.

 Antiviral Drugs Market Growth & Trends

The global antiviral drugs market size is expected to reach USD 60.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of (-0.6%) from 2021 to 2028. This is owing to the loss of patent protection of drugs and the high R&D investment required for developing antiviral drugs. However, the rising prevalence of viral infections and the presence of a potential pipeline for the treatment of HIV infection are expected to fuel the growth over the forecast period.

The increasing prevalence of influenza with other complications such as viral pneumonia, obesity, and the rising geriatric population drives the market growth. Moreover, pneumonia is one of the major causes of death in children worldwide. According to the WHO, Pneumonia causes 808,694 children’s deaths in 2017, accounting for 15.0% of all deaths of children under 5 years old. It is most prevalent in South Asia and the sub-Saharan African region.

The awareness of viral infections, their prevention, and treatment are high in most of the regions. For instance, according to CDC, in 2019, the vaccination rate against influenza was 49% in the U.S., which prevented around 4.4 million influenza infections and around 3,500 deaths in the country. Moreover, the increase in vaccination rate against hepatitis and herpes is affecting the market growth over the forecast period.

Increasing collaboration between government bodies and key players is anticipated to fuel the growth of R&D activities in the development of novel antiviral drugs. For instance, in June 2021, Merck & Co., Inc. entered into a procurement agreement with the U.S. government for molnupiravir, an investigational antiviral for COVID-19 treatment. According to the agreement, the company will receive USD 1.2 billion to supply around 1.7 million courses of the drug to the U.S. government, if molnupiravir receives emergency use authorization or approval by the U.S. FDA.

Companies are adopting strategies such as product development and collaboration to increase their share in the market. For instance, in April 2021, Janssen Pharmaceuticals, Inc. and Cidara Therapeutics, Inc. collaborated to develop Cidara’s Cloudbreak antiviral conjugates for the prevention and treatment of influenza. Moreover, in October 2020, F. Hoffmann-La Roche Ltd and Atea Pharmaceuticals, Inc. also collaborated to develop, manufacture, and market AT-527 for the treatment of COVID-19. AT-527 acts as an RNA polymerase inhibitor and stops viral replication.

Favorable initiatives undertaken by government bodies to prevent and treat viral infections are expected to support the management of viral infections. For instance, the U.K. government has launched an antiviral task force to investigate treatments for SARS-CoV-2 infection in home-based settings. It will help prevent the infection and limit the effect of new variants of the SARS-CoV-2 virus. Moreover, the U.S. government is investing more than USD 3 billion to fasten the development of antiviral drugs against COVID-19 and other viral infections.

The upsurge in COVID-19 cases and strong pipeline products is expected to positively impact market growth. According to the WHO, as of 1^st September 2021, a total of 217.56 million confirmed cases of COVID-19, including 4.52 million deaths reported. For instance, in May 2021, based on Favipiravir formula antiviral drug BALflue was launched by BAL Pharma, it is used for the treatment of patients with mild to moderate Covid-19 infection as well as used in the treatment of 53 types of influenza viruses. Overall, the outbreak of the COVID-19 pandemic is estimated to propel the market growth, however, it has adversely affected the consumption of antiviral medicines from other applications owing to disruption in the supply chain and limited access to healthcare services during the complete lockdown.

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Antiviral Drugs Market Report Highlights

• An increase in the COVID-19 case is expected to drive market growth in the next 2 to 4 years
• The reverse transcriptase inhibitors segment dominated the market due to the high efficacy of drugs and growing prevalence of diseases like HIV and hepatitis B, globally
• The HIV segment dominated the market in 2020 and is projected to maintain its dominance over the forecast period, owing to the commercialization of pipeline products over the forecast period
• North America dominated the market in 2020 and Asia Pacific is expected to exhibit fastest growth during the forecast period

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Antiviral Drugs Market Segmentation

Grand View Research has segmented the global antiviral drugs market on the basis of drug class, type, application, and region:

Antiviral Drug Class Outlook (Revenue, USD Million, 2017 - 2028)

• DNA Polymerase Inhibitors
• Reverse Transcriptase Inhibitors
• Protease Inhibitors
• Neuraminidase Inhibitors
• Others

Antiviral Drugs Type Outlook (Revenue, USD Million, 2017 - 2028)

• Branded
• Generics

Antiviral Drugs Application Outlook (Revenue, USD Million, 2017 - 2028)

• HIV
• Hepatitis
• Herpes
• Influenza
• Others

Antiviral Drugs Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

List of Key Players of Antiviral Drugs Market

• Hoffmann-La Roche Ltd.
• GlaxoSmithKline plc
• AbbVie
• Merck & Co., Inc.
• Johnson & Johnson Services, Inc.
• Bristol-Myers Squibb Company
• Cipla Inc.
• Aurobindo Pharma
• Reddy’s Laboratories Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Dental Chair Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Dental Chair Market Growth & Trends

The global dental chair market size is expected to reach USD 693.6 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2021 to 2028. Rising focus on oral care and aesthetic has increased the adoption of dental procedures, which is anticipated to boost the market growth. In addition, advanced dentistry is time-saving that has various benefits such as less chair time, less invasive procedures, shorter and fewer appointments, and patient satisfaction. This is expected to propel the growth of the market. On the other hand, according to the Oral Health Group, in March 2020, during the COVID-19 pandemic, the health and regulators authorities declared all dental offices to stop seeing patients immediately, resulting in unprecedented revenue drops across the sector.

The COVID-19 has negatively impacted the market for dental chairs. According to the WHO guidelines, the infection mainly spreads through the eyes, nose, and mouth, and at such times, the dental practitioners have been unable to open and operate from their clinics. Travel restrictions on medical tourism in countries, such as India and China, have led to a negative impact on the market.

Chairs that are easy to access for disabled and elderly people give comfort to the patient and make the procedure have a frontal view of the face that helps dentists to operate easily. Advancement in the technology of dentistry such as digital radiography, 3-D imaging, printing and scanning, laser dentistry, practice management software, and CAD/CAM and chair-side milling has shifted the dentistry to next level of advanced diagnosis and treatment. Thus, this factor is anticipated to boost the growth of the market.

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Dental Chair Market Report Highlights

• Based on product, the powered dental chairs segment accounted for the largest volume share in 2020 due to the advancement in technology
• In terms of type, the ceiling-mounted design segment dominated the market in 2020 as it offers assistance in performing multiple surgeries along with movable lights
• By application, the examination segment held the largest volume share in 2020 owing to the increasing prevalence of dental diseases and awareness regarding oral health
• Asia Pacific is anticipated to grow significantly over the forecast period due to the growing medical tourism in emerging countries

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Dental Chair Market Segmentation

Grand View Research has segmented the global dental chair market on the basis of product, type, application, and region:

Dental Chair Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Powered Dental Chairs
• Non-powered Dental Chairs

Dental Chair Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Ceiling Mounted Design
• Mobile Independent Design
• Dental Chair Mounted Design

Dental Chair Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Examination
• Surgery
• Orthodontics
• Others

Dental Chair Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Dental Chair Market

• Austin Dental Equipment Company (A-Dec, Inc.)
• Midmar
• Craftsmaster Contour Equipment, Inc.
• XO CARE A/S
• Sirona
• Henry Schein, Inc.
• Danaher Corporation
• PLANMECA OY
• Patterson Dental Supply, Inc.
• Straumann

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Software Consulting Market to Record an Exponential CAGR by 2028: Grand View Research Inc.

 Software Consulting Market Growth & Trends

The global software consulting market size is expected to reach USD 539.18 billion by 2028, registering a CAGR of 12.0% from 2021 to 2028, according to a new study by Grand View Research, Inc. This growth is attributed to the myriad of benefits these solutions and services offer, such as optimizing business operations, minimizing wastage, and augmenting organizational revenues. These services also help organizations in identifying business growth opportunities and determining areas for cost efficiencies. The Covid-19 pandemic has affected market players as well as consultants.

However, consulting is one of the first markets to adopt remote working since consultants and vendors need to work from various parts of the world for their projects. The increasing adoption of advanced technologies and the current digitization trend have enabled software consulting to outlast these challenging times. Enterprises are increasingly adopting the latest technologies, such as cloud computing and mobile computing, which is anticipated to drive market growth.

The growing adoption and deployment of cloud technology can be attributed mainly to the growing interest of organizations in operational flexibility, business applications, and workload optimization hosted on a cloud computing environment. The high level of scalability &flexibility along with cost advantages offered by cloud computing is also influencing the migration to cloud platforms, thereby driving the market growth.

Market players are pursuing various growth strategies, including collaborations, partnerships, new product development, and mergers & acquisitions, to gain a competitive edge. For instance, in April 2019, CGI Group Inc. acquired Acando AB. Through this acquisition, the company aimed to enhance its IT consulting services, thereby helping clients with system integration, strategic consulting, and customer-centric digital innovation capabilities.

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Software Consulting Market Report Highlights

• The software security services segment is anticipated to register the highest CAGR from 2021 to 2028
• The segment growth can be credited to the increasing use of cloud servers to store information and the growing number of cyber attacks to gain unauthorized access to critical business information
• The large enterprises segment dominated the market in 2020 and will remain dominant over the forecast period due to high investments by large enterprises in advanced technologies to cope with the changing industry dynamics
• Healthcare is anticipated to emerge as the fastest-growing end-use segment over the forecast period
• The growing number of web and mobile applications has revolutionized the way hospitals diagnose their patients, people maintain their fitness, and health reports are generated, thereby driving the demand for consulting to provide technical support and troubleshooting services for clients
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028. High demand for web & mobile app design consultation to assist online businesses due to the rapidly expanding e-commerce sector is expected to drive the market in the region

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Software Consulting Market Segmentation

Grand View Research has segmented the global software consulting market on the basis of application, enterprise size, end-use, and region:

Software Consulting Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Enterprise Solutions
• Application Development
• Migration & Maintenance Services
• Design Services
• Application Testing Services
• Software Security Services
• Others

Software Consulting Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Large Enterprise
• Small & Medium Enterprises (SMEs)

Software Consulting End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Software Consulting Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Software Consulting Market

• Accenture PLC
• Atos SE
• Capgemini
• CGI Group, Inc.
• Clearfind
• Cognizant
• Deloitte Touche Tohmatsu Ltd.
• Ernst & Young LLP
• International Business Machines Corp.
• Oracle Corp.
• PricewaterhouseCoopers B.V.
• Rapport IT
• SAP SE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Medical Tubing Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 Medical Tubing Market Growth & Trends

The global medical tubing market size is expected to reach USD 19.53 billion by 2028, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising access to healthcare supplies worldwide, easy availability of cost-competitive medical-grade plastics, and increasing demand for medical devices that integrate tubing are the major factors driving the market. Increasing consciousness about Hospital-Acquired Infections (HAIs) along with increasing concerns about the spread of these infections are anticipated to boost the demand for disposable medical devices. Rising strategic alliances within the medical equipment industry across the globe are expected to drive the market. 

Medical device OEMs are coming up with various designs and materials to enhance the performance of the devices to sustain in the rapidly advancing medical equipment industry. OEMs demand medical tubing solutions that are easier to replace and reduce the risks of drug contamination and infection. A wide variety of specialized tubes, such as braided, balloons, and multi-layer, are introduced by key manufacturers to meet the varied requirements of end-users. Key manufacturers are setting up new manufacturing plants to increase the production capacity.

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Medical Tubing Market Report Highlights

• Bulk disposable tubing accounted for more than 35% of the global revenue share in 2020
• The segment growth can be credited to the high emphasis on preventing the spread of infections from one patient to another and high robust investments in the healthcare sector in APAC countries
• The fluoropolymers segment is estimated to grow at the fastest CAGR over the forecast period
• This is due to the properties of fluoropolymers, such as high purity with low extractable, dielectric properties, chemical inertness, and usability in a wide range of temperatures
• The Asia Pacific regional market is expected to witness the fastest CAGR of 8.4% from 2020 to 2028
• The growth is credited to the rapid advancement in technology, increase in healthcare expenditure, and strict regulations about the medical device industry
• Manufacturers are engaged in adopting various strategies including mergers & acquisitions, expansion, and geographical expansions to gain maximum market share

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Medical Tubing Market Segmentation

Grand View Research has segmented the global medical tubing market on the basis of product, application, and region:

Medical Tubing Product (Revenue, USD Million, 2017 - 2028)

• Silicone
• Polyolefins
• Polyvinyl Chloride (PVC)
• Polycarbonates
• Fluoropolymers
• Others

Medical Tubing Application Outlook (Revenue, USD Million, 2017 - 2028)

• Bulk Disposable Tubing
• Drug Delivery Systems
• Catheters
• Biopharmaceutical Laboratory Equipment
• Others

Medical Tubing Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Russia
  • Spain
  • Italy
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Medical Tubing Market

• Asahi Tec Corp.
• MDC Industries
• Nordson Corp.
• ZARYS International Group
• Hitachi Cable America Inc.
• NewAge Industries, Inc.
• TE Connectivity
• Freudenberg & Co. KG
• Spectrum Plastics Group
• ATAG SpA
• Saint-Gobain
• Bentec Medical
• Trelleborg AB
• MicroLumen, Inc.
• Optinova
• Vanguard Products Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Packaging Machinery Market to Register Stable Expansion During 2021 – 2028: Grand View Research Inc.

 Packaging Machinery Market Growth & Trends

The global packaging machinery market size is expected to reach USD 59.24 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2021 to 2028. The rising demand for packaged food and beverages, coupled with the growing pharmaceutical and personal care industries, is expected to drive the demand for packaging machinery over the forecast period.

The growing popularity of single-serve bag sizes and smaller portions has increased the demand for high-speed and efficient packaging machines. Moreover, with the consumer-driven demand for a wide range of products in different packaging sizes and shapes, there is an increasing demand for flexible packaging machines that can adapt to different products and pack styles.

Consumers and retailers are increasingly demanding sustainable packaging styles resulting in the machine manufacturers requiring to work closely with material suppliers to test new materials and make necessary modifications to the machine. Moreover, with the rapid developments in retail packaging formats, the demand for faster and more flexible machines has increased.

The market is expected to witness growth in the years to come on account of the rising demand for personal care and medical products, such as hand sanitizers, soaps, face masks, and gloves, despite the supply chain disruptions caused due to the COVID-19 pandemic. In addition, lockdowns and movement restrictions have further increased the demand for packaged food.

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Packaging Machinery Market Report Highlights

• By machine type, the form-fill-seal segment is anticipated to expand at the fastest CAGR of 5.2% over the forecast period on account of the increasing popularity of flexible packaging, coupled with the rising demand for single-serve and small portion packs
• The food end-use segment accounted for the largest share of over 35.0% in 2020 owing to the increasing demand for packaged food products attributed to the changing lifestyles, increasing disposable income, and the growing middle-class population
• The North American market is likely to expand at a CAGR of 3.2% from 2021 to 2028 due to the increasing demand for highly automated and integrated machines, coupled with the favorable packaging and labeling regulations in the region
• The market in China is anticipated to expand at a CAGR of 5.3% over the forecast period owing to the growing focus on improving productivity, coupled with the favorable government policies focusing on technology and machinery upgrades
• In June 2020, Hugo Beck Maschinen bau GmbH & Co. KG. launched two machines, namely PB 800 E-Com and flexo 700 E-Com, which are explicitly designed to cater to the demand for e-commerce packaging

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Packaging Machinery Market Segmentation

Grand View Research has segmented the global packaging machinery market on the basis of machine type, end-use, and region:

Packaging Machinery Machine Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line
• Others

Packaging Machinery End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

Packaging Machinery Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • Russia
  • Spain
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE

List of Key Players of Packaging Machinery Market

• KHS Group
• SIG Combibloc Group Ltd.
• Tetra Laval International S.A.
• Krones AG
• M.A. Industria Macchine Automatiche S.p.A.
• Syntegon Technology GmbH
• ProMach
• GEA Group Aktiengesellschaft
• Sacmi
• Bradman Lake Ltd.
• ROVEMA GmbH
• Douglas Machine Inc.
• Coesia S.p.A
• Maillis Group
• Duravant

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Nutraceuticals Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 Nutraceuticals Market Growth & Trends

The global nutraceutical market size is projected to reach USD 826,426.3 million by 2028, expanding at a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding calorie reduction and weight loss in countries, including U.S., China, and India, is expected to promote the application of nutraceuticals, which, in turn, will have a substantial impact on the industry growth.

Nutraceuticals are products that provide health advantages and additional nutrition to the human body. It comprises fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, that enhance the complete health of consumers. These nutrients further help in averting medical conditions, such as hypertension, diabetes, heart diseases, and allergies. Demand for nutraceuticals is increasing at the global level as it improve the digestive and immune systems and enhances the cognitive behavior of consumers.

Growing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in costs on pharmaceuticals are anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.

Rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the nutraceutical market growth over the forecast years. Positive outlook towards medical nutrition owing to increasing weight management programs, along with cardiovascular diseases, is anticipated to propel the demand for nutraceuticals.

The rise and evolution of wellness-focused diets, such as keto and paleo, are driving food producers to cater their products in this direction. Functional food products, such as probiotics and omega-3, are highly used in yogurt and fish oils in order to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the market growth of the nutraceutical products over the coming years.

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Nutraceuticals Market Report Highlights

• Based on functional food product, prebiotics and probiotics are projected to expand at a CAGR of 10.1% over the forecast period owing to increasing usage of probiotics as a primary ingredient among the majority of food manufacturing companies to provide better nourishment and reduce health problems caused by harmful bacteria
• Vitamins and minerals together accounted for over 40.71% share in 2019 owing to increasing consumer interest in the relationship between diet and health, which, in turn, has increased demand for these products
• In terms of dietary supplement product, vitamins emerged as the largest segment in 2019 and is expected to expand at a CAGR of 5.8% in the coming years
• In terms of product, functional food accounted for the largest share in 2019 and generated revenue of USD 187.51 billion. Rising healthcare costs, coupled with growing geriatric population across the world, are anticipated to drive the functional food segment over the forecast period
• Asia Pacific is expected to witness the fastest growth over the forecast period. Expansion of the retail chain in countries, such as India, Japan, and China, has increased the consumption of dietary supplements and functional foods in this region
• The nutraceuticals industry represents a highly competitive landscape. Key players dominate the nutraceutical market space and have been focusing on various strategic initiatives, including mergers & acquisitions, product innovation, and portfolio expansion
• Key market participants include Cargill, Incorporated, Archer Daniels Midland Company, DuPont, Nestle S.A, Danone, General Mills, Innophos, WR Grace, and Amway Corporation.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-nutraceuticals-market

Nutraceuticals Market Segmentation

Grand View Research has segmented the global nutraceutical market on the basis of product and region.

Nutraceuticals Product Outlook (Revenue, USD Million, 2017 - 2028)

• Dietary Supplements
• Functional Food
• Functional Beverages

Nutraceuticals Dietary Supplements Product Outlook (Revenue, USD Million, 2017 - 2028)

• Vitamins
• Botanicals
• Minerals
• Proteins & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega Fatty Acids
• Others

Nutraceuticals Functional Food Outlook (Revenue, USD Million, 2017 - 2028)

• Carotenoids
• Dietary Fibers
• Fatty Acids
• Minerals
• Prebiotics & Probiotics
• Vitamins
• Others

Nutraceuticals Functional Beverages Outlook (Revenue, USD Million, 2017 - 2028)

• Energy Drinks
• Sports Drinks
• Functional Juices
• Others
• Infants

Nutraceuticals Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa

List of Key Players of Nutraceuticals Market

• Cargill, Inc.
• Archer Daniels Midland Company
• DuPont
• Nestle S.A.
• Danone
• Royal DSM N.V.
• General Mills
• Innophos
• WR Grace
• Amway Corp.
• AOR Canada
• Arkopharma Laboratories S.A.
• Bactolac Pharmaceuticals, Inc.
• I.D Parry Ltd.
• Valensa International
• Matsun Nutrition
• Mead Johnson Nutrition Company
• Natrol Inc.
• The Hain Celestial Group, Inc.
• Herbalife Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Bio-based Polyurethane Market to Reflect Robust Expansion During 2021-2028: Grand View Research Inc.

 Bio-based Polyurethane Market Growth & Trends

The global bio-based polyurethane market size is expected to reach USD 52.8 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.9% from 2021 to 2028. Increasing product demand from the automotive industry for the manufacturing of seat cushions, seat backs, armrests, head restraints, and others is anticipated to boost the bio-based PU market growth. In automotive applications, the use of natural fiber-reinforced plastics and plant-based polymer resins helps reduce CO2 emissions and the weight of vehicles, which, in turn, helps improve fuel economy. Thus, increasing government concerns to reduce CO2 emissions across the globe are anticipated to fuel the product demand in automotive applications during the forecasted years.

Expanding application scope in the packaging, building & construction, electrical & electronics, automotive, and consumer goods industries is also anticipated to offer growth opportunities to the key players. For instance, in September 2020, Covestro AG announced its partnership with Shandong INOV New Materials Co., Ltd. to complete the laying of the walkway using CO2-based polyolCardyon. This is the first time that innovative CO2-based materials have been used in China to produce sports floorings. Companies, such as Ford Motor Company, ZMP Inc., La-Z-Boy Inc., and Airysole Footwear Pvt. Ltd., are some of the potential customers in the market.

Increasing concerns regarding toxic issues pertaining to petrochemicals along with depleting crude oil reserves have been driving the development of bio-based polymers like bio-based polyurethane (PU). Regulations imposed by most governments restricting the consumption of petroleum-based plastics in certain applications like medical devices are expected to further incentivize the production of bio-based polyurethane during the forecast period.

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Bio-based Polyurethane Market Report Highlights

• In terms of revenue, the flexible foam segment accounted for the highest revenue share in 2020 and is expected to retain the dominance over the forecast period
• Bio-based PU foams witnessed a rise in demand as an efficient insulation material, leading to higher energy savings, owing to the rising need for green buildings
• These foams are widely used in spray form for sealing holes, cracks, joints, and boding other building materials, ultimately reducing the amount of conditioning or heat required inside the building
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, in September 2020, Covestro AG teamed up with FoamPartner, a Swiss company, to develop foams that are partially based on CO2
• Carbon dioxideis used as a raw material to produce polyol instead of fossil raw materials, such as crude oil
• CO2 polyol available under the Cardyon brand name is used as a raw material by FoamPartner to produce polyurethane foams for various parts used in the vehicle interior
• Asia Pacific was the largest regional market in 2020 owing to the presence of a well-established manufacturing base for electrical & electronics in China, Japan, and South Korea

Access Press Release@ https://www.grandviewresearch.com/press-release/global-bio-based-polyurethane-industry

Bio-based Polyurethane Market Segmentation

Grand View Research has segmented the global bio-based polyurethane market based on product, end-use, and region:

Bio-based PU Product Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Rigid Foam
• Flexible Foam
• Coatings, Adhesives, & Sealants
• Others

Bio-based PU End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Automotive
• Building & Construction
• Consumer Goods
• Electrical & Electronics
• Packaging
• Others

Bio-based PU Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players of Bio-based Polyurethane Market

• BASF SE
• MCNS
• RAMPF Holding GmbH & Co. KG
• Covestro AG
• Cargill, Inc.
• Huntsman International LLC
• MCPU Polymer Engineering LLC
• WeylChem International GmbH

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Ultraviolet Disinfection Equipment Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Ultraviolet Disinfection Equipment Market Growth & Trends

The global ultraviolet disinfection equipment market size is expected to reach USD 8.39 billion by 2028, registering a CAGR of 12.1% over the forecast period, according to a new report by Grand View Research, Inc. The rising prevalence of coronavirus coupled with the increasing R&D spending is expected to boost the product demand over the forecast period.

The COVID-19 pandemic has increased the pressure on the healthcare systems of numerous countries. Growth in the COVID-19 cases has resulted in a wide range of hospitals incorporating ultraviolet (UV) systems to disinfect the high-risk indoor setting, which, in turn, is expected to increase the product demand over the coming years.

UV has been a choice of disinfectant to ensure bacteria-free water in industries, such as food & beverage and pharmaceutical. However, the rising demand for disinfection technologies owing to the increasing industrial liquid waste is expected to create opportunities for UV disinfection systems in the wastewater treatment industry over the forecast period.

Rising awareness about the product’s ability to provide protection against cryptosporidium outbreaks is anticipated to support market growth. Furthermore, these systems have a low environmental footprint and consume less energy, which will drive UV disinfection equipment market growth.

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Ultraviolet Disinfection Equipment Market Report Highlights

• Mercury-based UV lamps are anticipated to grow at the fastest CAGR of 13.2% from 2020 to 2028 on account of their increasing adoption in water & wastewater treatment plants
• The equipment demand in the healthcare facilities for air treatment accounted for 39.2% of the overall revenue owing to the high focus to provide innovative medical-grade air purifiers, such as UV systems
• The residential end-use segment is estimated to grow at the second-fastest CAGR over the forecast period on account of the increasing consumer awareness regarding air pollution coupled with the rising prevalence of airborne diseases
• Germany accounted for the largest revenue share of 20.4% of the Europe market in 2020 due to the increasing demand for technologically advanced and sustainable air purification technology along with the rising prevalence of COVID-19 in the country
• Key players in the market are focusing on various strategies, including acquisitions, regional expansions, and product innovations, to achieve competitive advantage and, thereby, develop a strong foothold in the industry

Access Press Release@ https://www.grandviewresearch.com/press-release/global-uv-disinfection-equipment-market

Ultraviolet Disinfection Equipment Market Segmentation

Grand View Research has segmented the global ultraviolet disinfection equipment market on the basis of component type, application, end-use, and region:

UV Disinfection Equipment Component Type Outlook (Revenue, USD Million, 2017 - 2028)

• UV Lamps
  • Mercury
    • Low-pressure
    • Medium-pressure
    • Amalgam
  • Xenon/LED
• Ballasts/Controller Units
• Quartz Sleeves
• Reactor Chambers
• Others

UV Disinfection Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)

• Water & Wastewater Treatment
• Air Treatment
  • Residential
  • Healthcare Facilities
  • Retail Shops
  • Offices
  • Hospitality
  • Schools & Educational Institutions
  • Industrial
  • Others
• Others

UV Disinfection Equipment End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Municipal
• Residential
• Commercial
• Industrial

UV Disinfection Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • UAE

List of Key Players of Ultraviolet Disinfection Equipment Market

• Xylem
• Trojan Technologies
• Halma PLC
• Calgon Carbon Corp.
• Atlantic Ultraviolet Corp.
• Evoqua Water Technologies LLC
• Advanced UV, Inc.
• American Ultraviolet
• Atlantium Technologies LTD.
• Hönle AG
• Lumalier Corp.
• Xenex
• ENAQUA
• I.T.A. Srl
• Hitech Ultraviolet Pvt. Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Enterprise Governance, Risk & Compliance | Increasing Adoption Of Big Data And IoT In GRC Solutions

 

Know more- https://www.grandviewresearch.com/industry-analysis/enterprise-governance-risk-compliance-egrc-market

The increasingly complex regulatory, compliance, and risk management environment in businesses has paved the way for GRC solutions. Enterprise governance, risk & compliance (EGRC) enables risk and compliance management teams to analyze and share data for a 360-degree view of the organization’s risk landscape, in turn enabling executives and boards to formulate informed business strategies. The wide implementation of EGRC software applications across enterprises to prevent monetary and reputational risks due to non-compliance is providing an impetus for market growth.