Cold Form Blister Packaging Finds Application in Chemical & Packaging Industry - Trends & Forecast by 2024

The global Cold Form Blister Packaging Market is expected to reach USD 8.63 billion by 2024, according to a new report by Grand View Research, Inc. rising utilization of packaging materials that offers optimal protection and safety allowing extending product shelf life is projected to boost market demand over the forecast period.

Cold form blister packs help to provide an impermeable barrier to moisture, light, oxygen, and other gasses. It also maintains the product integrity, offers complete protection proving to show high patient compliance rate. Some of the drivers influencing the market growth are the growing packaging demand from pharmaceutical industry and high requirement of cold forming packs owing to favorable product features.

Growing disposable income, improved medical facilities and initiatives adopted by the government to promote healthcare programs has led a rise in demand for cold form foil packaging products.

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Further key findings from the report suggest:

• Healthcare broadly prefers utilizing cold forming packaging materials; this segment accounted for 48.30% of the market volume in 2015. It is used for sealing many products like tablets, capsules, drugs, vials, ampoules, syringes or liquid products. Child-resistant, tamper evident, senior-friendly and anti-counterfeit packaging are in high demand worldwide.
• Innovative packaging is designed and modified to keep pharmaceuticals & medical devices free from all adverse external factors that modify the physical and chemical properties, biological contamination, degradation, mechanical damage, and counterfeiting
• Electronics & semiconductors are expected to witness the fastest growth over the forecast period. The rising number of automobile companies coupled with increasing utilization of electronic components, such as transmitters, transistors, diodes, batteries, in the manufacturing process may be attributed to high growth in future.
• Asia Pacific is projected to grow at the highest CAGR of over 7.8% on account of the growing demand for healthcare and electronics & semiconductors products in China, Japan, and India. Rising consumers’ necessity for convenience and better sealing features, demand for wide-range of product portfolio and improved environmental standards are accelerating the demand for cold form blister packaging.
• Major companies identified in this industry include Amcor Ltd., Sonoco Co. products, Bemis Company Ltd., Constantia Flexibles Group GmbH, Essentra PLC, Tekni-Plex Inc., and Honeywell International, Inc. among others. Multinational packaging companies have partnered with raw material suppliers and have acquired regional small and medium-sized flexible packaging companies to expand its geographical presence.

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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.

For More Information: www.grandviewresearch.com

Analysts Predict Lightning Growth for Global Smart Water Management Market

According to a new study by Grand View Research, Inc., water management has emerged as a significant priority for governments and water utilities, which is expected to fuel the global smart water management market. Infrastructure revitalization, growing population, fluctuating climate, and rise in water shortage issues are also some of the key forces driving market growth. Although water management and conservation practices are continuously evolving, the aforementioned forces have spurred demand for smart technology solutions for more efficient and sustainable water systems.

Technological advancements enable water utility operators to proactively control and mange distribution systems and enhance efficiency, which is expected to favorably impact the market. Proliferation of cloud-based solutions to monitor distribution networks provides opportunities for market growth. Concerns among water utilities regarding adoption of these solutions may pose a challenge to the market. Low adoption of smart water management systems by several water utilities owing to high investments is also expected to hinder market growth.

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North America smart water management market by component, 2012-2020, (USD Million)

Further key findings from the study suggest:

• Devices accounted for over 35% of the overall smart water management market, and emerged as the most dominant segment in 2013. Solutions are expected to be a high growth segment, which can be attributed to the development of cloud-based solutions for efficient monitoring of distribution networks.
• Increasing adoption of cellular network technology in Automatic Meter Reading (AMR) is expected to drive market growth. The segment is also expected to grow faster than the global average over the next few years.
• On account of favorable government initiatives including incubation facilities, financial incentives and demonstration sites, North America was leading regional market in 2013. Increasing investments in the U.S. water sector is expected to positively impact regional market growth over the forecast period.
• Key market participants include Schneider Electric, Sensus, General Electric, IBM Corporation and ABB Ltd. Strategic partnerships due to high investments and increasing competition are expected to be key growth strategies over the next six years.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-smart-water-management-swm-market

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.

For More Information: www.grandviewresearch.com

Sodium Chlorite: Global Market to Grow at High CAGR in Upcoming Years – 2025

The global sodium chlorite market is expected to reach USD 256.4 million by 2025, growing at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Superior antimicrobial, bleaching and disinfectant properties offered by the product is expected to drive its demand in water treatment, pulp & paper, medical and textile applications.

Sodium chlorite manufacturers compete on the basis of product price, grades, and their global reach. Chinese companies are the price settlers for the product as the region dominates the production in the world. Increasing raw material prices coupled with competitive pricing in the industry are expected to hamper the profit margins for the players.

The product has been labelled as a hazardous material under USDOT regulations (49 CFR) and has to adhere to all 49 CFR regulations, which makes the shipping of the chemical an expensive proposition. Thus, shipping smaller quantities of the product is not a cost-effective practice, which compels manufacturers to trade their products in bulk quantities.

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U.S. Sodium Chlorite Market Revenue, by end-use, 2012 - 2025 (USD Million)

Further key findings from the report suggest:

• The demand for the chemical as a disinfectant was valued at USD 92.7 million in 2016, and is expected to grow over the projected to period, owing to its increasing penetration in water treatment and medical application
• Water treatment was the largest application for the product accounting for 53.2% of the overall demand in 2016. Excellent biocidal and antimicrobial properties associated the product is expected to propel its demand in water treatment application
• The demand for the product in textile industry is expected to grow at a CAGR of 6.3% from 2017 to 2025, owing to its emergence as an excellent source for chlorine dioxide, which is a key bleaching agent required during fabric manufacturing
• Asia Pacific dominated the industry accounting over 75% of the global production, with China being the largest producer in the region. Rapid growth of domestic pulp & paper and water treatment industries in the region is expected to surge domestic consumption
• North America is expected to witness a growth of 5.4% from 2017 to 2025 owing to rising government focus to improve water and wastewater treatment processes in the region
• OxyChem dominates the industry in the North America, as it the only producer of the chemical in the U.S. The company owns manufacturing facility for the product in Wichita, Kansas, wherein they produce both solid and liquid grades of the product
• The key players involved include DuPont, ERCO Worldwide, Occidental Petroleum Corporation (OxyChem) and American Elements

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-sodium-chlorite-market

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.

For More Information: www.grandviewresearch.com

Key Factors That Drive And Impede The Growth of World Liquid Flavor Market

Global liquid Flavor market is expected to reach USD 11.06 billion by 2022, according to a new report by Grand View Research, Inc. Growth of key end-use industries such as beverages and processed foods is expected to remain a key driving factor for global liquid Flavor market. Increasing consumer awareness regarding detrimental effects of synthetic chemicals in artificial food ingredients has also prompted demand for natural and organic liquid Flavor. Rising disposable income and changing lifestyle of consumers in China, India, Vietnam and Indonesia is also expected to contribute towards market development. 

Artificial flavor liquids were the leading product segment and accounted for 45.7% of total market revenue in 2014. Flavor extracts are expected to witness the highest growth of 5.3% from 2015 to 2022. Growing demand for organic ingredients in beverages and processed food industries is expected to drive this segment over the forecast period.   

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North America liquid flavor market revenue by product, 2012-2022, (USD Million)

Further key findings from the report suggest:

• Global liquid Flavor market size was valued at USD 7.78 billion in 2014 and is expected to reach USD 11.06 billion by 2022, growing at a CAGR of 4.3% from 2015 to 2022.
• Beverages were the leading application segment with demand share exceeding 60% in 2014. Rising demand for liquid Flavor in consumer products such as sports & energy drinks, carbonated beverages & alcoholic drinks to enhance taste and aroma is expected to drive this segment over the forecast period. Processed food is expected to witness the highest growth of 5.4% from 2015 to 2022.
• North America was the leading regional market and accounted for over 35% of global revenue in 2014. The region is characterized by diverse food consumption habits and high awareness among consumers regarding natural Flavor.
• Asia Pacific is expected to register highest revenue growth with China and India being the forerunners in the region. Growth of processed foods, dairy products and beverages industries in these countries are expected to drive the regional growth. The region is expected to grow at an estimated CAGR of 6.2% from 2015 to 2022.
• The global liquid Flavor market share is dominated by integrated companies such as Symrise AG, Flavor Gourmet, and BioSun Flavor & Food Ingredients. Other companies with significant presence include Frutarom, Takasago, McCormik & Co., and Natures Flavor.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-liquid-flavor-market

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.

For More Information: www.grandviewresearch.com

Future Business Opportunities in Neurovascular Device Market

The global neurovascular device market was valued at USD 1.62 billion in the year 2015 and is expected to reach a value of USD 2.92 billion by 2024, growing at a CAGR of 6.5% according to a new report by Grand View Research, Inc.

Key factors driving the market growth include increase in patients suffering from cerebral vascular disorders mandating assistance of neurovascular devices such as cerebral embolization and aneurysm coils, implementation of advanced technological platforms in this field, and the favorable reimbursement policies across established markets such as the U.S., Canada, U.K., Germany, and Japan.

The market is segmented on the basis of device type and respective therapeutic applications. The embolization coils are widely employed in the treatments of strokes and cerebral aneurysms. They are responsible for majority of market share in the device type segment. According to World Health Organization (WHO), strokes are the leading cause of disability and third cause of death across the world. Stroke therapeutic application segment accounts for the largest market as compared to others. In addition, according to the American Heart Association, nearly 5% of the population is currently suffering from the cerebral aneurysms. Aneurysms can cause moderate to severe brain damage depending upon the condition. Therefore, their treatment is contributing to the increased demand of these platforms.

The embolization and aneurysms coiling devices are minimally invasive and are employed in effectively treating the aneurysms. Several diseases can be treated with the help of a single coil however; the unusual cerebral aneurysms require several expensive coils. Due to the efficacy, the volume for these procedures has increased over the years. This trend will continue over the forecast period, thereby rendering the leading position for this segment in terms of revenue share. The stenting systems possess the potential to address complex natured aneurysms, which were untreatable in the past. Hence, the cerebral angioplasty and stenting systems will exhibit an impressive growth pattern during the forecast period.

Moreover, Stryker Corporation is a key leader in the neurovascular device market, owing to the strategic acquisition of complete neurovascular portfolio of Boston Scientific Corporation in the year 2010. The other notable players in this industry include Abbott Laboratories, W.L. Gore & Associates, Inc., Micorport Scientific Corporation, and Terumo Corporation.

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Neurovascular devices market, by device type, 2013 - 2024 (USD Million)

Further Key Findings from the Study Suggest:

• Rising incidence of cerebral vascular disorders such as strokes (both ischemic and hemorrhagic), arterial stenosis, and brain aneurysms are primarily responsible for the high demand for neurovascular diseases.
• On the basis of types, the market is segmented into embolization and aneurysms coils, stenting systems, and neurothrombectomy and support devices. Among these, embolic coils are widely used owing to the safety and efficacy, followed by the stenting systems.
• According to the therapeutic application of the device type, stroke accounts for the largest market share, reason being the leading cause of disability and third cause of deaths worldwide.
• In addition, the rising geriatric population and increased life expectancy are causing an increase in the target patient population. 

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-neurovascular-devices-market-size-report

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.

For More Information: www.grandviewresearch.com