Coronavirus Update, 6th May 2020
The global spread of coronavirus disease, which is caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), has been scaling up concerns among governments across many countries as they continue to struggle to flatten the exponential growth curve despite imposing lockdowns and enforcing stringent social distancing regulations.
Clearly, the pandemic has not peaked yet while the number of deaths reported to the WHO has already crossed 274,488 (as at 6:37 pm CEST, 10 May, 2020). Since extensive social distancing is not being practiced in most of the countries, the time-to-peak for the pandemic is still uncertain. On the other front, the slump in global economic growth is weakening many countries’ efforts to fight the virus. Countrywide lockdowns, which include restrictions on movement of people and on economic activities across sectors, might translate into a shrink of around 1% in the global GDP for the year 2020 (Source: The United Nations) if they continue throughout the second quarter. The GDP could shrink further if the restrictions pertaining to economic activities extend till third quarter and if the fiscal responses prove ineffective in supporting income and consumer spending. Rising unemployment across the globe is transforming shocks on the supply side to higher-intensity shocks on the demand side. Since this, if continues, could push a significant proportion of global population into poverty and worsen already high levels of income inequality across countries, governments are planning on easing lockdown restrictions in order to restore economic growth by allowing industrial activity. However, very high risk of increase in rate of disease spread associated with this move remains a big concern for the governments, and thus, has been pushing them to catalyse the process of drug discovery and development. Although the Food and Drug Administration (FDA) has already issued emergency use authorizations for hydroxychloroquine sulfate, chloroquine phosphate and for the investigational antiviral remdesivir by Gilead Science, Inc., there are no FDA-approved drugs or vaccines for COVID-19 in the market. With support from governments, companies are making huge investments into research and development in order to gain competitive advantage in this race for drug development. Since some research in immunology indicates towards the possibility of a vaccine for COVID-19 already in existence, many research universities and clinical centers across the globe are focusing their efforts to test the efficacy of candidates. Bacillus Calmette–Guérin, a live tuberculosis vaccine which has been in use for around 100 years, is one such candidate, and is gaining researchers’ attention as they believe this vaccine could prove effective in minimizing the risk of contracting the coronavirus disease. O.P.V, a vaccine for polio, is also being tested as a potential vaccine for fighting COVID-19 pandemic. Although this theory sounds counterintuitive, as these vaccines were developed to protect against an entirely different pathogen, and this is not how vaccines are believed to work, researchers’ understanding of innate immunity, an arm of immunology, makes these vaccines potential candidates in this race. Apart from these vaccines, more than 100 candidates are at various stages of development across laboratories worldwide. Pfizer Inc., for instance, is working with BioNTech SE on four vaccine candidates, each of which represents a different mRNA format and target antigen. While two of these vaccine candidates use a nucleoside modified mRNA (modRNA), the third and the fourth candidate leverages a uridine containing mRNA (uRNA) and a self-amplifying mRNA (saRNA) respectively. After starting phase 1/2 clinical trial in Germany, the companies have started Phase 1/2 trials in the United States as well. Novel approach of these companies, which allows them to assess different mRNA candidates simultaneously, and determine the safest and most effective candidate for COVID-19, has made them one of the few frontrunners in this race for cure. Moderna, Inc., another biotechnology company based in the United States, also has a promising vaccine in development. In April, 2020, the company snared a US$483 million funding from the U.S. government which was aimed at catalysing the process of drug development for COVID-19. The company has received approval from the FDA to begin phase 2 clinical trials for its vaccine candidate and has plans to start phase 3 trials very soon. Although Sinovac Biotech is struggling to find subjects to conduct phase 1 and phase 2 trials on, since China managed to contain the spread while development of this vaccine was still at phase 1, it is in talks with the WHO and regulators in many countries to get approval for conducting clinical trial in countries with rising number of cases, and is thus another leading player with a promising vaccine in pipeline.
However, despite combined and focused efforts by many companies and governments, aimed at catalysing the process of drug development, a cure is somewhat unlikely to enter the market in the very near future. Yet, some vaccine candidates have better chances of early entry into the market than many others. Oxford University, for instance, seems to be leveraging the head start it got by already having a vaccine candidate at hand. Since researchers at the Oxford University were working on vaccine for Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS), the cause of which is also coronavirus, they started evolving the technique and started development of vaccine for COVID-19 at the very first hint of the pandemic. Although this is far from certain, it is plausible that their vaccine can become available by as early as September, 2020. At another front, development of antidote for coronavirus is also gaining momentum. Israel Institute for Biological Research (IIBR), for instance, in a significant breakthrough, has developed a monoclonal neutralising antibody which can neutralize the SARS-CoV-2 inside carrier’s body. According to a statement from Israel’s defence minister, IIBR is working towards getting the formula patented, which will be followed by its mass production. Although duration of this pandemic is uncertain and so is the degree of impact it would have had on lives and economy by the time it gets eradicated, such breakthroughs give a positive outlook of the sectors like cellular or molecular biology and biochemistry among others.
Coronavirus Update, 29th April 2020
The spread of novel coronavirus (COVID-19) across the globe continues to gain momentum despite combined and focused efforts by governments and political organizations. Although some countries have started witnessing a drop in the daily number of new cases, flattening the curve of this pandemic still remains a global challenge. According to a data from the World Health Organization (WHO), the total number of confirmed COVID-19 cases (as on 2:00 am CEST, May 1, 2020) stood at 3,145,407, with around 221,823 deaths reported. Europe and Americas account for the largest share of the burden as the number of cases in these regions crosses 1,434,649 and 1,291,917 respectively. Where on one hand, countries like Iran, Spain, New Zealand, and Australia are moving towards easing of lockdown restrictions, as part of their plan to restore economic growth after achieving remarkable success in flattening and pulling down the curve, other countries on the other hand are still struggling to fight the pandemic and minimize losses associated with it.According to the CDC (Centers for Disease Control and Prevention), the aftermath of COVID-19 outbreak is expected to last in the U.S. for a fairly long time as many people in the country will remain vulnerable and may get exposed to this virus either this year or over the next year.
The impact of this pandemic is not confined just to the people, who continue to face hardships due to a blow on their source(s) of earning, since industrial growth across the globe is witnessing a slump which might take them a couple of years to recoup from. Although countrywide lockdowns and self-isolation rules by the governments have disrupted the industrial activity across all countries, the global travel and tourism industry has totally decimated by this pandemic outbreak. Hotels, restaurants, and airline companies have witnessed a drastic decline in their revenues, leading to a huge number of layoffs. According to the International Air Transport Association (IATA), an estimated 1.1 million flight cancellations are predicted by June 30, 2020 with the total loss in passenger revenue expected to total to $252 billion for this year.
Another industry that has faced a severe disruption is the already declining automotive industry. Nationwide lockdowns have made it difficult for automakers to continue production as this does not align well with governments’ guidelines associated with maintaining social distancing. Since a major share of the global automobile manufacturing heavily or solely relies on China for auto parts, global supply chain disruption, owing to this pandemic, has forced these companies to halt their production. In March, 2020, global auto giants- General Motors, Ford, and Fiat Chrysler- temporarily closed down their U.S. facilities as part of their effort to prevent the spread of the novel coronavirus and plan on resuming some part of their manufacturing at their U.S.-based facilities by May 18. However, Daimler and Merced-Benz are some of the automakers which have already resumed activity at some of their plants with limited number of workers. Since governments continue to remain intolerant towards non-compliance with social-distancing and sanitization directives issued by them, these automakers are adopting stricter new protocols, which include mandatory wearing of face masks and temperature checks at entry gates, in order to comply with such directives and reduce the spread of the virus.
As the impact of this pandemic on these industries continues to scale up, other industrial sectors aligned to these industries, and to resources whose availability has been affected by the virus outbreak, are also taking the fall due to what is called a domino effect. According to the International Energy Agency’s latest oil market forecast, global oil demand is projected to decline in 2020, with expected fall to around 90,000 barrels a day as compared to the last year, as this pandemic has constricted travel and global economic activity.
While other economies are also facing repercussions of the virus, the impact of COVID-19 on China’s economy will have a major impact on the global oil and gas industry. Since China accounted for more than 80% of the global oil demand in 2019, deep contraction in the country’s oil consumption, coupled with major disruptions in the global travel and trade, are driving down the growth of the oil and gas industry. Restrictions on the movement of people and goods within countries, due to lockdowns imposed by the governments, have dramatically reduced the demand for transport fuels. In conjunction to this, very low demand for jet fuel, majorly attributed to a halt on civil aviation sector, is also affecting the global oil and gas industry. Since the time it would take the governments to mitigate this virus is still uncertain, the outlook of the global economy over the short and medium term remains shady. Although huge debts being taken by many countries, in order to fight this pandemic and revive their industrial sectors thereafter, might look like a part of a good revival plan in the short term, very high debt to GDP ratio might pose other severe threats over the period.
Coronavirus Update, 22th April 2020
Seeing the other side of the coin!
Who is benefiting from the COVID-19 outbreak?
The COVID19 outbreak was declared as a Public Health Emergency of International Concern on 30 January 2020 and later on March 11th, 2020, The World Health Organization declared COVID-19 a pandemic causing an immense impact on the lives of people and the business and markets around the globe. Recently the total number of coronavirus cases crossed the 2 million mark globally, with the death count at more than 128,000, and these figures are expected to rise further. The good news is that the rate of recovery is improving and the coronavirus curve seems to be flattening aided by some strict measures by federal governments. As the countries across the globe continue to tackle the coronavirus (COVID – 19) pandemic, the businesses and stock market are facing an unprecedented situation. The effect of COVID 19 on the major countries has been boundless and with the forced lockdowns and low consumer confidence, the businesses are facing a huge task to remain operational while meeting their costs. Recently the International Monetary Fund has already suggested that the world has entered into a recession which would be far worse than the 2008 financial crises, and most of the major economies will be facing their biggest challenges in the year ahead.
However, though there are millions of businesses and individuals who are under the risk of financial crises, but there are some parts of the industry that are benefited from the changes forced on society in the recent time. Let’s discuss some of them.
Video Communication Platforms
Businesses and educational institutes in the various parts of the world are responding to the current pandemic by implementing travel restrictions and work from home and remote (online) learning policies. To secure business activity during the time of crises, companies are using easy to use communication tools to enable remote work and learning and video conferencing and group chat software are widely adopted. In other words, COVID-19 is expected to have a significant impact on how companies or organizations view remote work. Even, guidelines are also being laid out by health and government authorities to mandate work from home. Major giants are investing heavily to take the competitive edge in the e-learning market. Also, communication technology players like Zoom and Microsoft are witnessing a substantial increase in the level of subscription in recent times. For instance, Microsoft reported that its Teams added nearly 12 million new users as remote workers increases during the pandemic. Also, the company recently launched a comprehensive COVID-19 resource to provide updated, cross-company information. Further, UNICEF and Microsoft launched a global learning platform to help and address the COVID-19 crisis.
Education institutions like colleges and universities are shut down globally as they are at a higher risk of spreading the disease due to the dense student population. In response to it, institutions are converting in-person curriculums into online courses and publish it in virtual classroom solutions which are allowing million of students to continue their education and learning from home. Video conferencing based remote learning helps in keeping the student engaged with features like annotation, break out rooms, and even group chats among others. Many universities are already leveraging video conferencing as one of the key elements of their educational system. For instance, Arizona State University (ASU), tests video conference in March 2020 and held nearly 170 classes with more than seven thousand students using Zoom. Also, the University of Bologna, switched nearly 90% of its courses to online using Microsoft Teams for its 80,000 students. As a result of such initiative, the subscription in online platforms is out breaking leading to a high risk of data security. As the world is focussing on the health and economic threats posed by COVID-19, cyber criminals around the world undoubtedly are capitalizing on this crisis, and not only businesses are being targeted but end-users are also being tricked, which is expected to boost the investment on cybersecurity by IT companies.
Cloud Computing
Today the use of mobile phones has made accessing social media, movies, and games a lot easier, the sheer variety of new games are online platforms have ensured that the people won’t run out of options during the lockdown period. Online media service provider companies like Netflix Inc. is now becoming even more important in the daily lives of people forced to stay at home and in front of their televisions. The rising interests and popularity in the video game industry and the increasing awareness about e-Sports will be the major driving factors of the e-Sports market. Also, many online multiplayer games such as PUBG, Call of Duty Mobile, and Counter-Strike have social media elements where players are enabled with the option to chat and team up with others. As a result, mobile-based online gaming platforms around the globe are reporting an exponential jump in its user base in March 2020. Also, the budding investments and the introduction of high prize pools of such tournaments will draw more participation, thus boosting the demand for this market.
Online Grocery and Food Delivery
Traditional industries such as manufacturing and travel & tourism have suffered immense losses from the shutdown policies around the globe. Such policies have indirectly benefitted online services, as mandatory isolation, restriction in movements have forced people to stay at home. During such time going to the offline distribution channel such as supermarkets, hyper marts seemed full of risk which is driving the growth of the online grocery shopping market. In addition, due to the closure of restaurant dine-in services in various parts of the world to avoid social gathering, online food ordering is now becoming a crucial business model for many players. As a result, online food delivery is widely adopted and players are now collaborating with manufacturing giants to deliver necessary products to its customers. For instance, in India, Domino’s Pizza partnered with ITC to deliver essential commodities such as wheat and spices to customers during the lockdown period. Also, Uber, BigBasket, and Flipkart partnered to deliver everyday essentials to people amid the ongoing COVID-19 lockdown.
Coronavirus Update, 15th April 2020
The total number of coronavirus cases crossed 2 million mark today, with the death count standing at 126,776. The good news is that the rate of recovery is improving and the curve seems to be flattening aided by some strict measures by federal governments. As the countries across the globe continue to tackle the coronavirus (COVID – 19) pandemic, the businesses are facing unprecedented situation. Concerns over fixed cost, employee retention, optimizing operational cost, and focus on revenue maximization despite the uncertainty over existing deals and contracts are some of the major issues that businesses across the globe are trying to mitigate. From forced lockdowns, to suspension of air and land travel, and movement restrictions, to policies enabling greater use of face masks. The fiscal stimulus and revival package continues to maintain some stability, but it may have an impact only in short term.
For some of the major economies such as the U.S., and United Kingdom the COVID infection curve still remains far from flattening, while India with a huge population seems to be doing better than most of the western counterparts aided by early screening and strict lockdown measures. Germany, Spain and Italy continue to remain the European hotspots for the coronavirus infection, while Middle Eastern region seem to be better placed though major economies are facing onslaught from declining oil prices which have declined to $19.81 as of April 14th 2020 from a high of $63.87 on 17th April 2019.
The chart below shows the total infections over the last one week in some of the biggest economies across the world. The U.S. which has recorded the most number of cases worldwide is still following the same trajectory. The situation in New York is worrisome with the state accounting for close to 33% of the total cases recorded in the country, though the tough measures with respect to social distancing and more tests seem to be working. As per the Governor Andrew Cuomo, the hospitalizations and deaths have both declined. It is imperative that the trend is sustained to ensure the curve has started flattening. The week also brought back focus on hydroxychloroquine, which has been touted as one of the treatment for COVID symptoms, with NIH conducting clinical trials. Big pharma companies and researchers are working towards the vaccine, but most of the estimates are expecting a timeframe of 12-18 months before it is available for widespread treatment.
Moving to Europe, Spain, Italy and France are worst hit by the pandemic accounting for 25% of the total number of cases of the total infections recorded in the top 5 countries. Italy has now recorded more than 21 thousand deaths, followed by Spain with 18,255 deaths, and France with more than 143 thousand cases and 15 thousand deaths. The UK is yet to reach peak with daily deaths and number of new infections seemingly increasing. The country has more than 81 thousand active cases as of April 14th 2020, and has recorded 12,107 deaths.
The Asia Pacific countries have been performing better as compared to the western economies. China has recovered with daily new cases being recorded in double-digits. Wuhan restrictions have been lifted and as per the reports, most of the city is now buzzing with economic activity. South Korea is continuing with the central policy of testing to identify the quantum of infection. Japan’s Prime Minister Shinzo Abe declared emergency for a month due to the measures being adopted so far were insufficient to control the infections. India, which has been relatively doing well due to early screening and complete lockdown is also witnessing the infections doubling rate reducing to 4.1 days from the earlier 7 days. The Prime Minister announced the existing lockdown to extend from 14th April 2020 to 3rd May 2020, with relaxations after 20th April 2020 for the areas which have been identified as COVID free zones.
The effect of COVID 19 on the major economies has been enormous. With forced lockdowns and low consumer confidence, the businesses are facing huge uphill task to remain operational while meeting their fixed costs. The IMF has already suggested that world has entered into recession which would be worst since the depression, and most of the major economies will be facing their biggest challenges in the year ahead.
The impact of the pandemic in conjunction with the GDP forecast, let’s analyze some major industries. Even though the world economy is expected to rebound next year, the shockwave due to the slowdown is going to be huge.
Manufacturing and Construction
The global slowdown is going to have a significant impact on the manufacturing industry. China being the global manufacturing hub has slowed with global companies cutting down or cancelling the existing orders. The companies are also looking for other avenues or shifting the production facilities out of the country due to the country being the focal point of the virus pandemic. The fixed cost remains high and the uncertainty in the global markets would continue to affect the industry over the 1st half of the next year. The large bailouts and stimulus packages will affect the spending in the construction sector. The industry has been facing challenges and with job losses and shrinking bank credit, the revival seems difficult in the short-term.
Communication and Technology
The demand for consumer electronics will remain slow with contracting supply chains. The revival depends on the economic improvement which seems to be low for the consumer confidence to pick-up. The replacement of existing products would remain stagnant. The new product launches would take time to reach the 2019 levels, as the companies would focus on strengthening the existing position in the times of uncertainty. The extension of lockdowns, WFH policies and the need for entertainment is creating the need for managing a large chunk of data, driven by need for storage requirements. The data center industry will continue to maintain the momentum but the demand for new data centers will be hampered by the shrinking IT budgets and low expenditure outlook.
Retail
The impact of COVID on retail industry is bare minimum as most of the essential items are sold through both online and offline retailers. Most of the countries into lockdown have allowed the online retail stores to continue remain open, the brick and mortar stores are being allowed to operate if they are following social distancing parameters. The e-commerce channel would continue to drive the momentum of the retail sales.
Advanced Technologies
Advanced technologies such as 3D printing, nanotech and next generation imaging should remain robust. The FDA approved a 3D printed mask design and the immediate focus is on ramping up the PPE production to assist the first line responders. The adoption of nanotech should remain stable driven by the research and development to identify the potential of the technology for a wide range of applications. The healthcare sector should continue to witness product launches and advanced imaging solutions.
For more industries and sector outlook, browse our report store. We are revising the COVID updates in our estimates and analysis. Fill out the contact form for more details.
Coronavirus Update, 7th April 2020
The rising novel coronavirus pandemic has affected the world on a societal as well economic front. Governments across the globe are trying to deal with the challenges that this struggle has brought with it. As per the latest numbers by John Hopkins University, which is tracking the coronavirus cases across the globe, over 1.3 million positive cases have been reported by the 7th of April 2020 with 78,269 causalities. 292,467 people globally have recovered from the disease as of now. The pandemic which is reported to have been originated in the Chinese city of Wuhan has spread to 211 countries across the globe as reported by the World Health Organization.
Positive cases rising by the day
As can be seen in the snapshot below, the United States is the worst affected region in terms of number of cases, with positive cases in the region climbing to 368,449 till date. While, the European region has become a hotspot for the disease. Major economies in the region such as Italy, Spain, Germany, and the United Kingdom appear to be the most affected. Italy has suffered the highest deaths with the death count at 16,253 which is majorly being attributed to a high geriatric population as the disease seems to worst affect the elderly population having a weaker immune system as compared to the younger population. Although, the country is now reporting a lower number of new cases every day. On the other hand, Spain is also witnessing a high number of new cases with more than 5,000 new cases reported in the last 24 hours. The country is also witnessing a high death toll with 13,798 reported deaths till 7th April 2020. The daily death count increased to 743 on 6th April 2020 after the country reported a decrease in deaths for 4 consecutive days.
The United Kingdom which appeared to be less affected as compared to its other European counterparts has witnessed a sudden rise in the number of cases in the last 10 days from 29th march till 7th April 2020 with new cases increasing at an alarming rate with each passing day. The country reported 621 deaths in the last 24 hours. Boris Johnson, the British Prime Minister who himself has been tested positive for COVID-19 and has been transferred to intensive care, has vowed to ramp up testing to tackle the pandemic.
Japan, another nation which is witnessing a steady rise in the number of positive COVID-19 cases, declared a state of emergency targeting the country capital Tokyo and 6 other prefectures after the city witnessed a sudden surge in positive coronavirus cases.
Positive signs and flattening the curve
While the US, France, and UK and few other major affected countries are still reporting increase in the number of cases every day, latest numbers from some regions specifically Italy, Spain, Iran, and Germany which seemed to be the most affected offer some hope. Going by the latest reports as on 7th April 2020, all these countries have reported a dip in the number of new cases in the last 5 days. Though it is still early to make a judgement and a high number of new cases are being reported every day, the decline in the number of new cases in these European nations provide a ray of hope to the other parts of the world dealing with this pandemic.
A major term being used in this time is “flattening the curve” which basically refers to reducing the number of new cases with each passing day. A decline in the number of new cases from the previous day will be represented on a trend line as the name itself “flat”. On a column chart it will be represented by a downward trend. Countries are working towards flattening this curve and some have started succeeding with China leading by example, and similar trends being observed in South Korea, Italy, Spain, and Iran providing encouraging signs to the rest of the world.
Economic Impact
Countries across the globe are implementing total and partial lockdowns, state curfews, mass testing, and travel bans to deal with this global issue. The novel coronavirus along with the threat that it has brought with itself to the human population has also given rise to other major problems such as threat to economies and livelihood of a large part of the global population. Economies across the globe have started witnessing slowdown and major organizations such as the UN, WHO, and World Bank fearing the worst is yet to come. The United Nations recently in a trade report analyzed that the entire world economy is facing a threat of recession with the two likely exceptions: India and China. Top economists believe the world has already entered into recession and a latest poll by Reuters between the16th and 19th of March 2020 which saw a response from 41 economies also opined the same.
The pandemic has affected almost all industry sectors with travel and tourism being one of the worst affected. As various regions are witnessing mass lockdowns the manufacturing sector has also taken a hit with companies operating at minimum capacity and focusing on essential goods right now. Although various sectors have been affected by this global crisis, the food and beverage, healthcare, and agriculture sectors are witnessing a high demand being the essential components to support the need of the large global population.
Among this crisis, major economies as well as other parts of the world have particularly struggled in dealing with the high demand for hospital supplies needed to attend to a large patient count. Many countries have reported shortage of medical supplies and equipment which is leading to high death toll and is proving to be a major obstacle in dealing with this pandemic. The World Health Organization as per March 1st 2020 has already shipped nearly half a million sets of protective equipment to 47 countries. The United States government has witnessed a shortage of medical supplies in dealing with the exponentially rising number of coronavirus cases in the country. President Donald Trump on March 18th, 2020 stated that his government will invoke Defense Protection Act that will give the Federal Government sweeping power to ramp manufacturing capacity keeping in view the shortage of hospital supplies as suggested by the healthcare experts. This move will help the government to force private companies to manufacture specific products that can help the government to deal with this nationwide crisis.
Other regions across the globe are taking hep from medical experts along with importing medical supplies to help their medical staff stay safe while taking care of the patients. Furthermore, protective gears such as masks and hand sanitizers are being supplied to common people to curb the spread of the disease.
Long term impact
Most studies suggest that the nearest vaccines for the disease are atleast 12 to 18 months away. Social and economic impact are yet to be assessed. Though it is believed it might take another year for the world to completely recover on a health as well as economic front. While it is still too early to predict the long term impact that this pandemic will have on the world, social distancing, mass testing and adhering to government, WHO, and healthcare organization guidelines seem to be the safest bet to tackle the present situation in order to contain the virus and minimizing its long term impact.
Display Panel Market is estimated to grow at a CAGR of 5.11% to reach a value of US$160.664 billion by 2025, from US$119.139 billion in 2019
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Display Panel Market – Forecasts from 2020 to 2025" to their offering.
Display Panel is also called as an electronic device, which is also known as a viewing device. There are many resolutions available in display panels such as 4K, 8K, HD, and FHD among others. It is basically used to cater to a wide variety of applications.
According to the report, the Display Panel Market is projected to increase at a CAGR of 5.11% over the forecast period 2019-2025.
The market is estimated to surge over the forecast period on account of the fact that the propensity of the individuals to spend on advanced devices such as flat-screen TV’s, continuous photo display screens, among other consumer electronics in the middle-income and low-income population is increasing, due to the rise in their disposable incomes. This is increasing the demand for display panels in homes, malls, and other places to cater to different applications in television, digital signage and automotive among others. Thus, the demand for display panels increasing. Moreover, to project their products to provide information about their products to a large number of consumers, mall owners and shop owners are increasingly adopting and using high resolution and top quality digital signage solutions and thereby contributing to the display panel market growth.
By type, LED display panels are increasingly being preferred by the individuals as they are increasingly spending on advancing technologies and better electronic products. In addition LED screens are able to provide a better picture quality, it is lighter and more premium and is available in different resolutions.
Furthermore, with new players entering the market in order to utilize the increasing opportunities and maximize their profits to gain a competitive edge over the market players, there are opportunities for the market players to contribute to the market growth.
Geographically, the Asia Pacific region is expected to hold a significant market share and increase its share over the forecast period. This is majorly attributable to China’s established consumer electronics industry. In addition, in the automobile industry in countries such as India and China, the automotive industry is flourishing due to the increasing influx of investments in the R&D of new technologies such as HMI (human-machine interface), infotainment screens, and heads up display (HUD) among some upcoming technologies. This is causing the demand for display panels to surge and acting as a catalyst in the market position of this region.
Major players covered as part of the report are Japan Display Inc., SAMSUNG, PANASONIC, LG Display Co., Ltd, SHARP CORPORATION, AU Optronics Corp., and BOE Technology Group Co., Ltd among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/display-panel-market
Segmentation
This report segmented the Display Panel Market on the basis following terms
Coronavirus (COVID-19) Updates, Trends, and Impact
BlogCoronavirus Update, 6th May 2020
The global spread of coronavirus disease, which is caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), has been scaling up concerns among governments across many countries as they continue to struggle to flatten the exponential growth curve despite imposing lockdowns and enforcing stringent social distancing regulations.
Clearly, the pandemic has not peaked yet while the number of deaths reported to the WHO has already crossed 274,488 (as at 6:37 pm CEST, 10 May, 2020). Since extensive social distancing is not being practiced in most of the countries, the time-to-peak for the pandemic is still uncertain. On the other front, the slump in global economic growth is weakening many countries’ efforts to fight the virus. Countrywide lockdowns, which include restrictions on movement of people and on economic activities across sectors, might translate into a shrink of around 1% in the global GDP for the year 2020 (Source: The United Nations) if they continue throughout the second quarter. The GDP could shrink further if the restrictions pertaining to economic activities extend till third quarter and if the fiscal responses prove ineffective in supporting income and consumer spending. Rising unemployment across the globe is transforming shocks on the supply side to higher-intensity shocks on the demand side. Since this, if continues, could push a significant proportion of global population into poverty and worsen already high levels of income inequality across countries, governments are planning on easing lockdown restrictions in order to restore economic growth by allowing industrial activity. However, very high risk of increase in rate of disease spread associated with this move remains a big concern for the governments, and thus, has been pushing them to catalyse the process of drug discovery and development. Although the Food and Drug Administration (FDA) has already issued emergency use authorizations for hydroxychloroquine sulfate, chloroquine phosphate and for the investigational antiviral remdesivir by Gilead Science, Inc., there are no FDA-approved drugs or vaccines for COVID-19 in the market. With support from governments, companies are making huge investments into research and development in order to gain competitive advantage in this race for drug development. Since some research in immunology indicates towards the possibility of a vaccine for COVID-19 already in existence, many research universities and clinical centers across the globe are focusing their efforts to test the efficacy of candidates. Bacillus Calmette–Guérin, a live tuberculosis vaccine which has been in use for around 100 years, is one such candidate, and is gaining researchers’ attention as they believe this vaccine could prove effective in minimizing the risk of contracting the coronavirus disease. O.P.V, a vaccine for polio, is also being tested as a potential vaccine for fighting COVID-19 pandemic. Although this theory sounds counterintuitive, as these vaccines were developed to protect against an entirely different pathogen, and this is not how vaccines are believed to work, researchers’ understanding of innate immunity, an arm of immunology, makes these vaccines potential candidates in this race. Apart from these vaccines, more than 100 candidates are at various stages of development across laboratories worldwide. Pfizer Inc., for instance, is working with BioNTech SE on four vaccine candidates, each of which represents a different mRNA format and target antigen. While two of these vaccine candidates use a nucleoside modified mRNA (modRNA), the third and the fourth candidate leverages a uridine containing mRNA (uRNA) and a self-amplifying mRNA (saRNA) respectively. After starting phase 1/2 clinical trial in Germany, the companies have started Phase 1/2 trials in the United States as well. Novel approach of these companies, which allows them to assess different mRNA candidates simultaneously, and determine the safest and most effective candidate for COVID-19, has made them one of the few frontrunners in this race for cure. Moderna, Inc., another biotechnology company based in the United States, also has a promising vaccine in development. In April, 2020, the company snared a US$483 million funding from the U.S. government which was aimed at catalysing the process of drug development for COVID-19. The company has received approval from the FDA to begin phase 2 clinical trials for its vaccine candidate and has plans to start phase 3 trials very soon. Although Sinovac Biotech is struggling to find subjects to conduct phase 1 and phase 2 trials on, since China managed to contain the spread while development of this vaccine was still at phase 1, it is in talks with the WHO and regulators in many countries to get approval for conducting clinical trial in countries with rising number of cases, and is thus another leading player with a promising vaccine in pipeline.
However, despite combined and focused efforts by many companies and governments, aimed at catalysing the process of drug development, a cure is somewhat unlikely to enter the market in the very near future. Yet, some vaccine candidates have better chances of early entry into the market than many others. Oxford University, for instance, seems to be leveraging the head start it got by already having a vaccine candidate at hand. Since researchers at the Oxford University were working on vaccine for Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS), the cause of which is also coronavirus, they started evolving the technique and started development of vaccine for COVID-19 at the very first hint of the pandemic. Although this is far from certain, it is plausible that their vaccine can become available by as early as September, 2020. At another front, development of antidote for coronavirus is also gaining momentum. Israel Institute for Biological Research (IIBR), for instance, in a significant breakthrough, has developed a monoclonal neutralising antibody which can neutralize the SARS-CoV-2 inside carrier’s body. According to a statement from Israel’s defence minister, IIBR is working towards getting the formula patented, which will be followed by its mass production. Although duration of this pandemic is uncertain and so is the degree of impact it would have had on lives and economy by the time it gets eradicated, such breakthroughs give a positive outlook of the sectors like cellular or molecular biology and biochemistry among others.
Coronavirus Update, 29th April 2020
The spread of novel coronavirus (COVID-19) across the globe continues to gain momentum despite combined and focused efforts by governments and political organizations. Although some countries have started witnessing a drop in the daily number of new cases, flattening the curve of this pandemic still remains a global challenge. According to a data from the World Health Organization (WHO), the total number of confirmed COVID-19 cases (as on 2:00 am CEST, May 1, 2020) stood at 3,145,407, with around 221,823 deaths reported. Europe and Americas account for the largest share of the burden as the number of cases in these regions crosses 1,434,649 and 1,291,917 respectively. Where on one hand, countries like Iran, Spain, New Zealand, and Australia are moving towards easing of lockdown restrictions, as part of their plan to restore economic growth after achieving remarkable success in flattening and pulling down the curve, other countries on the other hand are still struggling to fight the pandemic and minimize losses associated with it.According to the CDC (Centers for Disease Control and Prevention), the aftermath of COVID-19 outbreak is expected to last in the U.S. for a fairly long time as many people in the country will remain vulnerable and may get exposed to this virus either this year or over the next year.
The impact of this pandemic is not confined just to the people, who continue to face hardships due to a blow on their source(s) of earning, since industrial growth across the globe is witnessing a slump which might take them a couple of years to recoup from. Although countrywide lockdowns and self-isolation rules by the governments have disrupted the industrial activity across all countries, the global travel and tourism industry has totally decimated by this pandemic outbreak. Hotels, restaurants, and airline companies have witnessed a drastic decline in their revenues, leading to a huge number of layoffs. According to the International Air Transport Association (IATA), an estimated 1.1 million flight cancellations are predicted by June 30, 2020 with the total loss in passenger revenue expected to total to $252 billion for this year.
Another industry that has faced a severe disruption is the already declining automotive industry. Nationwide lockdowns have made it difficult for automakers to continue production as this does not align well with governments’ guidelines associated with maintaining social distancing. Since a major share of the global automobile manufacturing heavily or solely relies on China for auto parts, global supply chain disruption, owing to this pandemic, has forced these companies to halt their production. In March, 2020, global auto giants- General Motors, Ford, and Fiat Chrysler- temporarily closed down their U.S. facilities as part of their effort to prevent the spread of the novel coronavirus and plan on resuming some part of their manufacturing at their U.S.-based facilities by May 18. However, Daimler and Merced-Benz are some of the automakers which have already resumed activity at some of their plants with limited number of workers. Since governments continue to remain intolerant towards non-compliance with social-distancing and sanitization directives issued by them, these automakers are adopting stricter new protocols, which include mandatory wearing of face masks and temperature checks at entry gates, in order to comply with such directives and reduce the spread of the virus.
As the impact of this pandemic on these industries continues to scale up, other industrial sectors aligned to these industries, and to resources whose availability has been affected by the virus outbreak, are also taking the fall due to what is called a domino effect. According to the International Energy Agency’s latest oil market forecast, global oil demand is projected to decline in 2020, with expected fall to around 90,000 barrels a day as compared to the last year, as this pandemic has constricted travel and global economic activity.
While other economies are also facing repercussions of the virus, the impact of COVID-19 on China’s economy will have a major impact on the global oil and gas industry. Since China accounted for more than 80% of the global oil demand in 2019, deep contraction in the country’s oil consumption, coupled with major disruptions in the global travel and trade, are driving down the growth of the oil and gas industry. Restrictions on the movement of people and goods within countries, due to lockdowns imposed by the governments, have dramatically reduced the demand for transport fuels. In conjunction to this, very low demand for jet fuel, majorly attributed to a halt on civil aviation sector, is also affecting the global oil and gas industry. Since the time it would take the governments to mitigate this virus is still uncertain, the outlook of the global economy over the short and medium term remains shady. Although huge debts being taken by many countries, in order to fight this pandemic and revive their industrial sectors thereafter, might look like a part of a good revival plan in the short term, very high debt to GDP ratio might pose other severe threats over the period.
Coronavirus Update, 22th April 2020
Seeing the other side of the coin!
Who is benefiting from the COVID-19 outbreak?
The COVID19 outbreak was declared as a Public Health Emergency of International Concern on 30 January 2020 and later on March 11th, 2020, The World Health Organization declared COVID-19 a pandemic causing an immense impact on the lives of people and the business and markets around the globe. Recently the total number of coronavirus cases crossed the 2 million mark globally, with the death count at more than 128,000, and these figures are expected to rise further. The good news is that the rate of recovery is improving and the coronavirus curve seems to be flattening aided by some strict measures by federal governments. As the countries across the globe continue to tackle the coronavirus (COVID – 19) pandemic, the businesses and stock market are facing an unprecedented situation. The effect of COVID 19 on the major countries has been boundless and with the forced lockdowns and low consumer confidence, the businesses are facing a huge task to remain operational while meeting their costs. Recently the International Monetary Fund has already suggested that the world has entered into a recession which would be far worse than the 2008 financial crises, and most of the major economies will be facing their biggest challenges in the year ahead.
However, though there are millions of businesses and individuals who are under the risk of financial crises, but there are some parts of the industry that are benefited from the changes forced on society in the recent time. Let’s discuss some of them.
Video Communication Platforms
Businesses and educational institutes in the various parts of the world are responding to the current pandemic by implementing travel restrictions and work from home and remote (online) learning policies. To secure business activity during the time of crises, companies are using easy to use communication tools to enable remote work and learning and video conferencing and group chat software are widely adopted. In other words, COVID-19 is expected to have a significant impact on how companies or organizations view remote work. Even, guidelines are also being laid out by health and government authorities to mandate work from home. Major giants are investing heavily to take the competitive edge in the e-learning market. Also, communication technology players like Zoom and Microsoft are witnessing a substantial increase in the level of subscription in recent times. For instance, Microsoft reported that its Teams added nearly 12 million new users as remote workers increases during the pandemic. Also, the company recently launched a comprehensive COVID-19 resource to provide updated, cross-company information. Further, UNICEF and Microsoft launched a global learning platform to help and address the COVID-19 crisis.
Education institutions like colleges and universities are shut down globally as they are at a higher risk of spreading the disease due to the dense student population. In response to it, institutions are converting in-person curriculums into online courses and publish it in virtual classroom solutions which are allowing million of students to continue their education and learning from home. Video conferencing based remote learning helps in keeping the student engaged with features like annotation, break out rooms, and even group chats among others. Many universities are already leveraging video conferencing as one of the key elements of their educational system. For instance, Arizona State University (ASU), tests video conference in March 2020 and held nearly 170 classes with more than seven thousand students using Zoom. Also, the University of Bologna, switched nearly 90% of its courses to online using Microsoft Teams for its 80,000 students. As a result of such initiative, the subscription in online platforms is out breaking leading to a high risk of data security. As the world is focussing on the health and economic threats posed by COVID-19, cyber criminals around the world undoubtedly are capitalizing on this crisis, and not only businesses are being targeted but end-users are also being tricked, which is expected to boost the investment on cybersecurity by IT companies.
Cloud Computing
Today the use of mobile phones has made accessing social media, movies, and games a lot easier, the sheer variety of new games are online platforms have ensured that the people won’t run out of options during the lockdown period. Online media service provider companies like Netflix Inc. is now becoming even more important in the daily lives of people forced to stay at home and in front of their televisions. The rising interests and popularity in the video game industry and the increasing awareness about e-Sports will be the major driving factors of the e-Sports market. Also, many online multiplayer games such as PUBG, Call of Duty Mobile, and Counter-Strike have social media elements where players are enabled with the option to chat and team up with others. As a result, mobile-based online gaming platforms around the globe are reporting an exponential jump in its user base in March 2020. Also, the budding investments and the introduction of high prize pools of such tournaments will draw more participation, thus boosting the demand for this market.
Online Grocery and Food Delivery
Traditional industries such as manufacturing and travel & tourism have suffered immense losses from the shutdown policies around the globe. Such policies have indirectly benefitted online services, as mandatory isolation, restriction in movements have forced people to stay at home. During such time going to the offline distribution channel such as supermarkets, hyper marts seemed full of risk which is driving the growth of the online grocery shopping market. In addition, due to the closure of restaurant dine-in services in various parts of the world to avoid social gathering, online food ordering is now becoming a crucial business model for many players. As a result, online food delivery is widely adopted and players are now collaborating with manufacturing giants to deliver necessary products to its customers. For instance, in India, Domino’s Pizza partnered with ITC to deliver essential commodities such as wheat and spices to customers during the lockdown period. Also, Uber, BigBasket, and Flipkart partnered to deliver everyday essentials to people amid the ongoing COVID-19 lockdown.
Coronavirus Update, 15th April 2020
The total number of coronavirus cases crossed 2 million mark today, with the death count standing at 126,776. The good news is that the rate of recovery is improving and the curve seems to be flattening aided by some strict measures by federal governments. As the countries across the globe continue to tackle the coronavirus (COVID – 19) pandemic, the businesses are facing unprecedented situation. Concerns over fixed cost, employee retention, optimizing operational cost, and focus on revenue maximization despite the uncertainty over existing deals and contracts are some of the major issues that businesses across the globe are trying to mitigate. From forced lockdowns, to suspension of air and land travel, and movement restrictions, to policies enabling greater use of face masks. The fiscal stimulus and revival package continues to maintain some stability, but it may have an impact only in short term.
For some of the major economies such as the U.S., and United Kingdom the COVID infection curve still remains far from flattening, while India with a huge population seems to be doing better than most of the western counterparts aided by early screening and strict lockdown measures. Germany, Spain and Italy continue to remain the European hotspots for the coronavirus infection, while Middle Eastern region seem to be better placed though major economies are facing onslaught from declining oil prices which have declined to $19.81 as of April 14th 2020 from a high of $63.87 on 17th April 2019.
The chart below shows the total infections over the last one week in some of the biggest economies across the world. The U.S. which has recorded the most number of cases worldwide is still following the same trajectory. The situation in New York is worrisome with the state accounting for close to 33% of the total cases recorded in the country, though the tough measures with respect to social distancing and more tests seem to be working. As per the Governor Andrew Cuomo, the hospitalizations and deaths have both declined. It is imperative that the trend is sustained to ensure the curve has started flattening. The week also brought back focus on hydroxychloroquine, which has been touted as one of the treatment for COVID symptoms, with NIH conducting clinical trials. Big pharma companies and researchers are working towards the vaccine, but most of the estimates are expecting a timeframe of 12-18 months before it is available for widespread treatment.
Moving to Europe, Spain, Italy and France are worst hit by the pandemic accounting for 25% of the total number of cases of the total infections recorded in the top 5 countries. Italy has now recorded more than 21 thousand deaths, followed by Spain with 18,255 deaths, and France with more than 143 thousand cases and 15 thousand deaths. The UK is yet to reach peak with daily deaths and number of new infections seemingly increasing. The country has more than 81 thousand active cases as of April 14th 2020, and has recorded 12,107 deaths.
The Asia Pacific countries have been performing better as compared to the western economies. China has recovered with daily new cases being recorded in double-digits. Wuhan restrictions have been lifted and as per the reports, most of the city is now buzzing with economic activity. South Korea is continuing with the central policy of testing to identify the quantum of infection. Japan’s Prime Minister Shinzo Abe declared emergency for a month due to the measures being adopted so far were insufficient to control the infections. India, which has been relatively doing well due to early screening and complete lockdown is also witnessing the infections doubling rate reducing to 4.1 days from the earlier 7 days. The Prime Minister announced the existing lockdown to extend from 14th April 2020 to 3rd May 2020, with relaxations after 20th April 2020 for the areas which have been identified as COVID free zones.
The effect of COVID 19 on the major economies has been enormous. With forced lockdowns and low consumer confidence, the businesses are facing huge uphill task to remain operational while meeting their fixed costs. The IMF has already suggested that world has entered into recession which would be worst since the depression, and most of the major economies will be facing their biggest challenges in the year ahead.
The impact of the pandemic in conjunction with the GDP forecast, let’s analyze some major industries. Even though the world economy is expected to rebound next year, the shockwave due to the slowdown is going to be huge.
Manufacturing and Construction
The global slowdown is going to have a significant impact on the manufacturing industry. China being the global manufacturing hub has slowed with global companies cutting down or cancelling the existing orders. The companies are also looking for other avenues or shifting the production facilities out of the country due to the country being the focal point of the virus pandemic. The fixed cost remains high and the uncertainty in the global markets would continue to affect the industry over the 1st half of the next year. The large bailouts and stimulus packages will affect the spending in the construction sector. The industry has been facing challenges and with job losses and shrinking bank credit, the revival seems difficult in the short-term.
Communication and Technology
The demand for consumer electronics will remain slow with contracting supply chains. The revival depends on the economic improvement which seems to be low for the consumer confidence to pick-up. The replacement of existing products would remain stagnant. The new product launches would take time to reach the 2019 levels, as the companies would focus on strengthening the existing position in the times of uncertainty. The extension of lockdowns, WFH policies and the need for entertainment is creating the need for managing a large chunk of data, driven by need for storage requirements. The data center industry will continue to maintain the momentum but the demand for new data centers will be hampered by the shrinking IT budgets and low expenditure outlook.
Retail
The impact of COVID on retail industry is bare minimum as most of the essential items are sold through both online and offline retailers. Most of the countries into lockdown have allowed the online retail stores to continue remain open, the brick and mortar stores are being allowed to operate if they are following social distancing parameters. The e-commerce channel would continue to drive the momentum of the retail sales.
Advanced Technologies
Advanced technologies such as 3D printing, nanotech and next generation imaging should remain robust. The FDA approved a 3D printed mask design and the immediate focus is on ramping up the PPE production to assist the first line responders. The adoption of nanotech should remain stable driven by the research and development to identify the potential of the technology for a wide range of applications. The healthcare sector should continue to witness product launches and advanced imaging solutions.
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Coronavirus Update, 7th April 2020
The rising novel coronavirus pandemic has affected the world on a societal as well economic front. Governments across the globe are trying to deal with the challenges that this struggle has brought with it. As per the latest numbers by John Hopkins University, which is tracking the coronavirus cases across the globe, over 1.3 million positive cases have been reported by the 7th of April 2020 with 78,269 causalities. 292,467 people globally have recovered from the disease as of now. The pandemic which is reported to have been originated in the Chinese city of Wuhan has spread to 211 countries across the globe as reported by the World Health Organization.
Positive cases rising by the day
As can be seen in the snapshot below, the United States is the worst affected region in terms of number of cases, with positive cases in the region climbing to 368,449 till date. While, the European region has become a hotspot for the disease. Major economies in the region such as Italy, Spain, Germany, and the United Kingdom appear to be the most affected. Italy has suffered the highest deaths with the death count at 16,253 which is majorly being attributed to a high geriatric population as the disease seems to worst affect the elderly population having a weaker immune system as compared to the younger population. Although, the country is now reporting a lower number of new cases every day. On the other hand, Spain is also witnessing a high number of new cases with more than 5,000 new cases reported in the last 24 hours. The country is also witnessing a high death toll with 13,798 reported deaths till 7th April 2020. The daily death count increased to 743 on 6th April 2020 after the country reported a decrease in deaths for 4 consecutive days.
The United Kingdom which appeared to be less affected as compared to its other European counterparts has witnessed a sudden rise in the number of cases in the last 10 days from 29th march till 7th April 2020 with new cases increasing at an alarming rate with each passing day. The country reported 621 deaths in the last 24 hours. Boris Johnson, the British Prime Minister who himself has been tested positive for COVID-19 and has been transferred to intensive care, has vowed to ramp up testing to tackle the pandemic.
Japan, another nation which is witnessing a steady rise in the number of positive COVID-19 cases, declared a state of emergency targeting the country capital Tokyo and 6 other prefectures after the city witnessed a sudden surge in positive coronavirus cases.
Positive signs and flattening the curve
While the US, France, and UK and few other major affected countries are still reporting increase in the number of cases every day, latest numbers from some regions specifically Italy, Spain, Iran, and Germany which seemed to be the most affected offer some hope. Going by the latest reports as on 7th April 2020, all these countries have reported a dip in the number of new cases in the last 5 days. Though it is still early to make a judgement and a high number of new cases are being reported every day, the decline in the number of new cases in these European nations provide a ray of hope to the other parts of the world dealing with this pandemic.
A major term being used in this time is “flattening the curve” which basically refers to reducing the number of new cases with each passing day. A decline in the number of new cases from the previous day will be represented on a trend line as the name itself “flat”. On a column chart it will be represented by a downward trend. Countries are working towards flattening this curve and some have started succeeding with China leading by example, and similar trends being observed in South Korea, Italy, Spain, and Iran providing encouraging signs to the rest of the world.
Economic Impact
Countries across the globe are implementing total and partial lockdowns, state curfews, mass testing, and travel bans to deal with this global issue. The novel coronavirus along with the threat that it has brought with itself to the human population has also given rise to other major problems such as threat to economies and livelihood of a large part of the global population. Economies across the globe have started witnessing slowdown and major organizations such as the UN, WHO, and World Bank fearing the worst is yet to come. The United Nations recently in a trade report analyzed that the entire world economy is facing a threat of recession with the two likely exceptions: India and China. Top economists believe the world has already entered into recession and a latest poll by Reuters between the16th and 19th of March 2020 which saw a response from 41 economies also opined the same.
The pandemic has affected almost all industry sectors with travel and tourism being one of the worst affected. As various regions are witnessing mass lockdowns the manufacturing sector has also taken a hit with companies operating at minimum capacity and focusing on essential goods right now. Although various sectors have been affected by this global crisis, the food and beverage, healthcare, and agriculture sectors are witnessing a high demand being the essential components to support the need of the large global population.
Among this crisis, major economies as well as other parts of the world have particularly struggled in dealing with the high demand for hospital supplies needed to attend to a large patient count. Many countries have reported shortage of medical supplies and equipment which is leading to high death toll and is proving to be a major obstacle in dealing with this pandemic. The World Health Organization as per March 1st 2020 has already shipped nearly half a million sets of protective equipment to 47 countries. The United States government has witnessed a shortage of medical supplies in dealing with the exponentially rising number of coronavirus cases in the country. President Donald Trump on March 18th, 2020 stated that his government will invoke Defense Protection Act that will give the Federal Government sweeping power to ramp manufacturing capacity keeping in view the shortage of hospital supplies as suggested by the healthcare experts. This move will help the government to force private companies to manufacture specific products that can help the government to deal with this nationwide crisis.
Other regions across the globe are taking hep from medical experts along with importing medical supplies to help their medical staff stay safe while taking care of the patients. Furthermore, protective gears such as masks and hand sanitizers are being supplied to common people to curb the spread of the disease.
Long term impact
Most studies suggest that the nearest vaccines for the disease are atleast 12 to 18 months away. Social and economic impact are yet to be assessed. Though it is believed it might take another year for the world to completely recover on a health as well as economic front. While it is still too early to predict the long term impact that this pandemic will have on the world, social distancing, mass testing and adhering to government, WHO, and healthcare organization guidelines seem to be the safest bet to tackle the present situation in order to contain the virus and minimizing its long term impact.
Aseptic Packaging, An Eco-Friendly Way of Packaging
BlogThe aseptic packaging is a specialized manufacturing process in which food, pharmaceutical, or other contents are sterilized separately from the packaging. The aseptic packaging uses aseptic processing which is a processing technique where commercially thermally sterilized liquid products majorly medicine and food are packaged into previously sterilized containers under the sterile conditions to produce shelf-stable products that do not require refrigeration. It involves three steps thermal sterilization of the product, sterilization of the packaging material, and conservation of sterility during packaging. Most of the aseptic packaging uses ultra-high temperature (UHT) sterilization to sterilize the food product before it is packaged. The ultra-high temperature sterilization allows faster processing and better retention of sensory and nutritional characteristics. The containers are required to sterilize for killing microorganisms present on the container during forming and transport and before filling. The aseptic packaging is used for various food products and beverages like soup, milk, puddings and many more. The aseptic packaging is even used for the pharmaceutical industry for ensuring that medications aren’t polluted with bacteria. The aseptic packaging uses a variety of materials like paper, plastic, glass, and metal. The advancing technology in the packaging industry and high utilization of packaging by different industry verticals is expected to grow the market share of the Packaging Industry.
Sterilization Agents are: –
Heat
The heat is used as the sterilant for aseptic systems as a natural extension of thermal processing. The product supply lines and fillers are commonly sterilized by ‘moist’ heat in the form of hot water or saturated steam under pressure. Systems employing moist heat are frequently sterilized at temperatures ranging from 121°C to 129°C, while 176°C to 232°C is used for sterilization by dry heat.
Chemicals
Hydrogen peroxide is majorly used a chemical sterilant. Other types of chemicals are used for sterilants like various acids, ethanol, ethylene oxide, and peracetic acid.
Radiation
The gamma radiation has been used over the decades to decontaminate packaging materials for use in aseptic systems for packing acid and acidified food. Due to the penetrating power of gamma-radiation, packages are used in bulk amounts at the same time at commercial irradiators. The other types of radiation are not widely used in aseptic systems due to low penetration and problems associated with shadowing, limit the use of UV-C for aseptic systems packaging of low acid food.
Advantages of Aseptic Packaging: –
Increased Shelf life
The aseptic packaging helps in increasing the shelf life of food and beverage products and this too without the use of refrigeration. The increase in product lifespan helps in keeping the product fresh for a longer period and for providing safe and protective measures from the external environment. The increase in shelf life helps in giving manufacturers extra time for selling their products on the retailer’s shelves. It provides customers with more time for the consumption of food or beverage before the product expires. The increased use of aseptic packaging for increasing the shelf life is increasing the demand in the aseptic packaging market.
Reduces Shipping and Distribution Cost
The aseptic packaging helps in reducing shipping and distribution costs, as aseptic packaging uses lightweight and compact materials as compared to traditional packaging types. This helps manufacturers to save costs by reducing the shipping weight and by eliminating the need to refrigerate products especially for the products that require cooler environments during distribution. The use of unique materials in aseptic packaging can help in storing selective products at ambient temperatures. This feature of aseptic packaging helps in reducing costs.
Eco-Friendly
The aseptic packaging is eco-friendly as it uses a sustainable method. The aseptic packaging uses renewable resources like paper, cartons, etc. the increasing awareness among people regarding environmental concerns like climate change and global warming is resulting in more people opting for eco-friendly products. The governments are imposing strict rules and regulations for improving the environment; this is further making manufacturers use e renewable and sustainable methods for manufacturing. The increased use of eco-friendly packaging is growing the aseptic packaging market share.
No Preservatives Required
There are no need preservatives in aseptic packaging as the sterilization process protects against bacteria. The increasing demand for packaging techniques that are capable of providing longer shelf life and quality of food, beverage, dairy products, and medicines without the need for adding preservatives is growing the demand for aseptic packaging.
Maintain Quality Standards
The aseptic packaging helps in maintaining the quality of food, beverage, and medicines. It maintains the taste, smell, and nutritional values of the food. This helps in not compromising with foods' overall quality and providing fresh food to the consumer. The food contains more nutrients due to less heat damage. No preservatives are added.
Other Advantages
The aseptic packaging has more advantages like low packaging to product ratio. It means more of the product can be stored then the packaging material. It has high storage efficiency as brick shapes are easier to pack in bulk than cans or jars. It is convenient, portable and light to transport.
Choosing Aseptic Packaging
Choosing the aseptic package depends upon the type of aseptic packs and types of aseptic packaging material based on requirements. Types of Aseptic Pack include bags and pouches, cups and tray, bottles and jars, metal cans, plastic cans, and composite cans. The Bags and Pouchesand is used inthe three-sided sealed pouch are used for aseptic packaging of products up to particle sizes of 12ounces and bag sizes from 1-5 liters. Pillow pouches are used for milk. The bags and pouches can be used for storing vegetables and fruits. The Cups and Traysare used pre-made or formed, filled, and sealed in thermoform/fill/seal machines. They are suitable for microwave heating. Bottles and Jars are used for containing baby food, drinks, liquid, milk and many more. Nowadays the company is using returnable bottles for sustainable use. The metals cans are used for the beverage. The aseptic packaging materials should be compatible with the product intended to be packed. It is important to have the physical integrity of the package for assuming containment of the product and maintenance of sterility. The packaging material should be able to withstand sterilization and be compatible with the methods of sterilization. The packaging material should protect the product from oxygen and retain the aroma of the product.
Security Screening Market estimated to grow at a CAGR 8.70% to reach US$12,503.408 million by 2025, from US$7,577.902 million in 2019
Press ReleasesSecurity screening is defined as the strict measures taken and the method that is used in order to ensure that no material or person, who poses potential harm, is screened effectively. A variety of equipment and technologies are used to facilitate this process.
According to the report, the Security Screening Market is projected to increase at a CAGR of 8.70% over the forecast period 2019-2025.
The risk posed by unattended and unlawful objects at different locations that require good security has increased and has called for advanced and enhanced security measures, which is pushing the demand for security screening and driving the market growth.
In addition, there has been an increase in the number of passengers that are traveling from flights, that is the number of individuals using air transport services has increased and in order to provide a comfortable and safer travel experience to the flyers, the security personnel and airport authorities have adopted different types of screening methods and devices. Thus, the demand for devices such as biometric scanners, x-ray scanners, and electromagnetic detectors is increasing and contributing to the market growth.
By product, X-Ray Screening Systems are expected to hold a significant share in the market over the forecast period. This is attributable to the fact that X-ray scanners are able to detect multiple objects in different objects easily and provide a clear view of all the components and materials inside. Body scanners are increasingly common and adoption of these products is increasing at the airports, and these scanners are able to detect the presence of all objects on a person’s body and is essential for security screening of individuals to minimize the risk to other individuals in locations where a large number of individuals are present. Geographically, North American and Asia Pacific regions are expected to hold a considerable market share as stricter measures are being applied at airports and other places with large public gatherings to effectively maintain security and eliminate the risk posed to other individuals. Additionally, there are increasing investment s in order to update and improve the security screening methods ad equipment in the Asia Pacific countries.
The major players covered as part of the report are L3Harris Security &Detection Systems, Astrophysics Inc., Smiths Detection Group Ltd., Nuctech Company Limited, and Analogic Corporation among others.
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This report has segmented the Security Screening marketon the basis following terms
By Product
By Application
By Geography
A Brief of Print Labels Technology and Print Labels Type
BlogThe print labels are used for product or brand identification, imparting knowledge or information about the product, and for stopping counterfeiting. The print labels help in creating a brand image, in identifying, increasing awareness about the brand. The increase in safety and precaution by customers is requiring the company to use print labels on its products for providing essential information. The labels printed on the outer side of products and packaging materials are for providing the consumer with essential informationlike its usage, instruction on how to use, ingredients it is made up of, and date of manufactured, expiry date, certifications, and government license. The increase in advancement in technology is helping in creating creative and high-quality labels.
The print labels have a variety of applications like food & beverage, cosmetics, pharmaceutical, and many more. The print labels can be made from different types of printing techniques like Inkjet Printing, Offset, Letterpress, Flexographic Printing, Screen Printing, Gravure Printing, and Digital. There are different types of print labels such as Pressure Sensitive Labels, In-Mold Labels, Wet-Glued labels, Multi-Part Tracking Labels, and others; these are used according to the requirements. The advancing technology in printing techniques and high utilization in packaging by different industry verticals is expected to grow the market share of the Packaging Industry.
Types of Print Labels: –
Pressure Sensitive Labels
The pressure-sensitive labels are a label that only needs the pressure of a finger or hand to be applied and they use an adhesive that is tacky in normal conditions. The pressure-sensitive label uses paper, film, and foil as their primary materials and they can be applied with many various kinds of ink. It only requires a light or moderate pressure for applying on a product surface. The pressure-sensitive labels are made up of three layers a face material, a pressure sensitive adhesive, and a backing sheet coated in a release agent. The layers are required to be laminated together and then die cut to produce the individual labels. The pressure sensitive labels can be in the form of sheet, roll, or fan-fold format as a final product. The increased use of pressure sensitive labels is increasing the demand in the print labels market.
In-mold Labels
The in-mold labeling was initially designed for blow molding. The in-mold labeling uses paper or plastic labels during the manufacturing of containers by different techniques. The mold labeling uses three types of techniques injection molding, Blow molding, and Thermoforming. The in-molding labels help in reducing printing costs but take more time in manufacturing. In-mold labels have several benefits like it gives maximum print quality, the in-mold labels resist humidity. Scratch-resistant, are not susceptible to wrinkles, lower production cost, are environmental, provides a wide range of look and feel options, and it’s easy to shift from one label design to another.
Wet-Glue Labels
The wet-glue is majorly used in the food and beverage industry as it provides quality, longer print runs, and is less costly. The wet-glue labels are very common and typically used for bottles, jars, and plastic containers. The wet-glue labels are coated at the time of application, the printed paper or film substrates are coated on the labeling line immediately before application. The wet-glue labels are available in lamination form, cold-foil stamping, and can be cut or die-cut to any shape.
Sleeves Labels
The sleeves labels are used for giving brands more space to communicate about their products with the customers. The sleeve labels use heat and shrink technology. This technology involves the application of heat to film to shrink it to conform to the contours of a container. The sleeves labels have a lot of advantages like it can be used for just covering a cap of the container to full 100%, 360-degree coverage of container. This gives the brand a wider space to communicate with prospective customers.
Multi-part Labels
The multi-part labels are used for preventing thefts and for increasing the chances of asset recovery. The multi-part labels can replace the need for several different labels on a single product. It reduces costs and saves time. The multi-part labels are used across many industries and in many varying applications like for promotional stickers, money-off vouchers, special price offers in the retail environment on many different products or across the logistics sector where they are used to track parcel movements. The multi-part labels used in tags can duplicate the information in various parts of the tag to reduce errors and prevent vandals from removing them.
Types of Printing Technology are: –
Flexography
Flexography is a form of printing process which uses a flexible relief plate. It is a type of modern version of letterpress which has evolved with high-speed rotary functionality. The flexography type of printing can be used for printing on any kind of substrates including plastic, metallic films, cellophane, and paper. The flexographic printing transfers ink from the plate directly to the printed substrate. The growing use of the flexography printing technique to increase the print labels market share.
Letterpress
It creates an image through relief printing, using raised metal type or plates to compose the required image before the image carrier is linked and the substrate pressed against the image carrier in order to transform the image onto the substrate.
Offset Printing
The offset printing is commonly used; the inked image is transferred from plate to a rubber blanket, then to the printing surface. The offset printing consists of four process colors cyan, magenta, yellow, and key (which is black). It is, therefore, has a major function in the printing process is the prepress production helping in creating all files correctly processed in preparation for printing. The offset printing consists of two types of water offset and waterless offset.
Digital printing
Digital printing is a cost-effective method for printing custom labels with photographic quality graphics, crisp text, and vibrant colors. The digital printing helps in on-demand printing, in short, turnaround time, and can be modified for each impression. Digital printing uses inkjet or laser printers that help in depositing pigment or toner onto a wide variety of substrates including paper, photo paper, canvas, glass, metal, marble, and other substances.
Industrial Enzymes Market is predicted to thrive at a CAGR of 6.01% over the period 2020-2025
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Industrial Enzymes Market- Forecasts from 2020 to 2025" to their offering.
Industrial Enzymes market is driving due to the rising demand for cosmetics and personal care products due to the global aging population and growing awareness about the benefits of the product like enhancement of product’s texture, taste, and flavor.
This report provides forecast and analysis of the industrial enzymes market which is estimated to surge US$10.047 billion by 2025.
The industrial enzymes are commercially used in several applications like pharmaceutical, chemical production, biofuels, food & beverage, consumer products, with the increasing advancement in the product over the years has increased its applications and made it more trustable for usage comparatively than its substitutes. The growing consciousness concerning good health and fitness is leading to increasing the demand for nutraceuticals which will further boost the market for digestive and nutritional enzymes and therefore increasing the market for the industrial enzymes. The increase in usage of animal feed for digestibility and nutritional value of the feed is to add to the increasing demand for industrial enzymes in the forecast period.
The Industrial Enzymes Market is segmented by product, by source, by end-user industry, and by geography. Segmented on the basis of the product are lipase, nuclease, carbohydras, polymerase, and others. Segmentation on the basis of the source is by animal, plant, microorganism, and algae. Segmentation on the basis of the end-user industry is by food & beverage, paper & pulp, cosmetics, pharmaceutical, wastewater, animal feed, and others. Segmentation on the basis of geography is North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Geographically North America to have a significant share in the industrial enzymes market due to the presence of a large number of market players and rising investment in research and development activities, and with early adoption of technology across various end-user industries in the region. The Asia Pacific to witness the fastest growth in the industrial enzymes market due to the presence of developing countries like India and China, the industry is expected to grow. The market in the region is also growing due to the increasing need for food processing and pharmaceutical industries in developing nations. The growing concerns over wastewater management will further boost the demand for enzymes in the Asia Pacific Region.
Some of the major players covered as part of the report are Jiangsu Boli Bioproducts Co., Ltd., Nature BioScience Pvt. Ltd., DuPont de Nemours, Inc, Novozymes, BASF SE, DSM, AB Enzymes, Amano Enzyme Inc. among others.
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This report segmented the Industrial Enzymes Market on the basis following terms:
Paper Coating Materials – The Essentials For Good Paper Quality
BlogPaper coating is a method that is used as a finishing process to treat paper and give it additional features. Paper coating materials are defined as the different types of substances that are used in order to coat the base paper, for the purpose of accelerating and improving its basic properties and in turn impart certain features to it, which include brightness, smoothness, and glossiness among others. The different types of paper coating materials have different features and different applications they are able to cater to effectively. The gloss-coated paper is shiny, is able to support high contrast and a vivid color definition unlike other types of coated papers, and is increasingly used for magazines, exhibits, and posters to draw attention. On the other hand, matte-coated papers are less shiny than the gloss-coated papers, similar to dull coated papers, is the least expensive kind of paper, and is used by many small businesses.
Paper coating is increasingly important as paper coatings such as glossy paper coating is able to facilitate the production and printing of high-quality photos possible with more accurate colors and limited contrast loss. Moreover, paper-coating materials are also able to give products an artisanal look as it can be used for wrapping purposes also.
Paper Coating Materials Market, By Product Segment
Different types of paper coating materials are used for enhancing the properties of the paper and board materials an impart glossiness, matte, smoothness among others. Some of the types of paper coating materials, which are one of the essential parts of the chemical and materials industry are discussed below.
Clay
This type of pigment is also known as kaolin clay and is also one of the most commonly used pigments in the paper and packaging industries for the coating of the different grades of paper. It is able to enhance the printability of the paper and is able to facilitate the extension of paper fibers.
Titanium Dioxide
This pigment is used for the purpose of coating the paper materials and is generally used in small quantities and only case of applications which involve the requirement of properties such as extreme whiteness, opacity, or pitch control. In addition, it can easily improve the base paper quality and increases the brightness of the paper.
Calcium Carbonate
Calcium carbonate is a type of coating pigment that is used most commonly and widely for paper and board grades. These are attached efficiently to the surface of the paper to be coated with the help of polyvinyl alcohol among some other materials. However, it cannot be used in the manufacture of acid paper is it is an alkaline type of coating pigment and can cause reactions. There are different types of calcium carbonates that are used as coating materials such as PCC (precipitated calcium carbonate) and GCC (ground calcium carbonates), but the PCC is increasingly preferred by the consumers.
Product Offerings by Market Players in Paper Coating Materials Market
The number of industries that are making the use of paper coating materials such as clays, calcium carbonates, and starch among others is increasing due to the growing concerns of the concerned about the quality of the papers produced for catering to the different industries. Thus, this is driving them to demand paper-coating materials in order to improve the product and enhance its overall properties. This is a factor, contributing to the increase in the paper coating materials market size. Moreover, the market players are highly involved and participating in the market to improve and enhance Paper coating materials products and to encourage the use of such products among the people. For example, Archroma, one of the leading companies dealing in the provision of dyes and speciality chemicals. It offers a product called the “Cartacoat”, which is able to facilitate the improvement of gloss properties of the lightweight coated paper by replacing the part so the coating such as kaolin. It shows the ability to be applied directly in the coating mix and is able to effectively maintain the gloss level. In addition, Omya AG, one of the leading companies dealing in the provision of industrial minerals provides a wide range of calcium carbonate products and auxiliary chemicals in order to cater to the demand for paper coating materials. It offers 4 calcium carbonate-based product families called the “Hydrocarb”, “Drycarb”, “Omyaglass”, “Omya Syncarb”.
The Hydrocarb family has different products for delivering high brightness qualities to the paper and contains ground calcium carbonates that can are used for both filling and coating purposes. Drycarb is a product family that includes all the dry or dried-ground calcium carbonate, these products are offered in large bags as well as water-soluble paper bags foe making the handling easier. These products have low anionic charge, easy storage, and excellent shelf life. The Omygloss are special pigments that are specifically designed to comply with the SC grades, and improving the features which include smoothness and gloss and Omya Syncarb are a product that is in the form of precipitated calcium carbonate, suited to meet the demands from the majority consumers and are most commonly used type. Therefore, these products offering by the market players in order to cater to the consumers effectively is aiding in boosting their market position and adding to their contributions towards fuelling the market growth.
Conclusion:
Currently, a different type of calcium carbonate products for use as paper coating materials is expected to hold a significant share in this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from the paper industry as well as the packaging industries. With respect to current market trends, it is anticipated that the titanium oxide coating materials papers and boards will flourish in the upcoming years with demand being generated owing to the high amount of usage in the paper and packaging industry. There is a growing need for a well-developed and good-quality product, which has good durability, finish, and smoothness among other attractive characteristics. This is one of the major factors, which will continue to play a role in driving this market. In addition, it will attract many new entrants who will bring new and better changes and enhancement in paper coating materials. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years.
Hidden Potential of Control Valve Market
BlogIntroduction
The control valve is used to control fluid flow by varying the sizes of the flow passage and is widely used in oil and gas and water and water waste management industries. It is considered as a critical part of the control loop and manipulates flowing fluid, gas, water, chemical and steams and also keeps the regulated process variable close as possible to the desired set point.
Application in Oil and gas industry is holding a significant share in the market
The oil and gas industry is expected to be one of the prominent industries demanding control valves in various applications. Expanding the oil and gas industry is expected to be one of the prime drivers favoring the control valve market trend during the forecast period. Also, companies are investing heavily in the oil and gas expansion plans which further provides ample opportunities for control valve manufacturers in the coming years, especially in the energy and power industry. For instance, Oil and Natural Gas Corporation (ONGC) in India invested nearly US$2.73 billion on drilling oil and gas wells in the fiscal year 2018-2019. In March 2019, Brookfield acquires Reliance Gas Transportation Infrastructure now known as East-West Pipeline (EWPL) for nearly US$1.80 billion. Also, according to the BP plc report gas demand in Bcm in developing countries like India will increase from 54 in 2017 to 185 by 2040 showing a growth of more than two forty percent.
The control valve market share for water and water waste management industry is growing exponentially during the forecast period
The water and water waste management industry is growing with the increasing demand for safe and efficient waste collection facilities in various parts of the world. Favorable government policies to tackle the issue of water and water waste are propelling the growth opportunities for control valves over the next five years. In 2015 the United Nations set out its ambition to tackle water issues in its 17 Sustainable Development Goals. Rapid urbanization is leading to the acute water shortfalls for many cities in the world and industrialization has driven a dramatic increase in both demand and water pollution leading to boost the demand for the control valve. Furthermore, one of the biggest challenges posed by climate change will ultimately manifest as water issues and now the organization is taking steps to reduce its impact by investing in facility expansion.
The Asia Pacific is the key driver
Asia Pacific region is anticipated to grow at exponential growth in the coming years owing to its highly dense populated countries like India and China. Increasing per capita income coupled with the rapid industrialization and urbanization the control valve market trend is experiencing a significant attraction. With the rapid urbanization, there is an increasing demand for advance and innovative control valve solutions in water waste treatment plants.
Detailed analysis of some of the products by Emerson one of the leading player in the market are below:
Fisher™ Vee-Ball™ V150 Flanged Control Valve; it is considered as one of the best choices for performance and cost-effectiveness across a broad range of applications. Carbon Steel, Stainless, Duplex, and Alloy are the material used and are generally used in critical services such as Noise Abatement, Cavitation, Dirty Service, Erosive, Low Flow and General Service.
Baumann™ 26000 Corrosion-Resistant Control Valve is a unique corrosion-resistant valve featuring a flangeless wafer valve body and powerful multi-spring diaphragm actuator. It usually comes in stainless (PTFE Lined) material and is generally used in critical services such as Low Flow, Corrosive and General Service.
Fisher™ A11 High-Performance Butterfly Valve is a reliable, high-performance Butterfly valve for both throttling and on/off applications. Carbon Steel, Stainless and Alloy are the material used and is used for General Service only.
KTM Model V¬Port Control Ball Valve is a long-life V-port control ball valve with good flow characteristics for various fluids including slurries and fibers. It comes in 316 Stainless Steel, 304 Stainless Steel, Stainless Steel material and is generally used for Corrosive and General Service.
Recent deals, investments, product launches
In March 2020, Total Valve Systems launched a new control valve management system that integrates a range of services designed to maximize efficiency, return on investment and reliability. The new product relies mostly on electrical, hydraulic, or pneumatic actuators to ensure a valve attains a specified degree of opening. The new management system combines valve sizing software, live monitoring, valve diagnostics, maintenance services, system analytics, and reliability reports.
In February 2020, a CIRCOR International brand RTK®, and an international leader in the design and manufacture of control valves and actuators, introduces the REflex Quick Change Seat Control Valve with REact 30 DC-PoP smart actuator, all of them are a flexible all-in-one solution for noise reduction and high-pressure drop applications. The respective REflex QCS Control Valve assembles and disassembles in four quick steps without the need for special tools, and accelerating maintenance by up to eighty-five percent for efficiency and cost-savings.
In January 2020, Severn Glocon Group an engineering firm specializing in control valves secured a multimillion-pound investment from Blue Water Energy to support its five-year growth plan. The company headquartered in Gloucester employs more than 900 staff worldwide, 370 of which are based in the United Kingdom across sites in Gloucestershire, Yorkshire, Rugby, and Scotland. As part of the investment, Severn Glocon management team member Colin Findlay takes on the role of new chief executive and founder Maurice Critchley has been appointed non-executive director and remains an investor alongside Blue Water.
In December 2019, the Spirax Sarco US announces the addition of stainless steel to its Spira-trol™ line of modular control valves, which can be shipped in four days or less through the company’s Quick shipping program. The valves leave the factory preconfigured for the intended application, simplifying installation and reducing customer downtime.
In June 2019, Bürkert one of the leading providers of control valve systems developed the latest generation of valve island—Type 8647 AirLINE SP—in partnership with Siemens.
In 2018, Bürkert (Germany) launched two new control valve products: AirLINE (Type 8652) and AirLINE SP (Type 8647).
Conclusion
There is an increasing number of developments in the control valve market share worldwide, it is evident that all stakeholders engaged in this market are active in all sorts so development in the oil and gas and water and water waste management industry. The market is expected to witness exponential growth opportunities on account of the growing adoption of the growing demand for energy and the introduction of IoT and industry 4.0 in various parts of the world.
Print Labels Market is predicted to thrive at a CAGR of 4.43% over the period 2020-2025
Press ReleasesPrint labels market is driving due to the use of this product in providing essential information about the product and creating brand identity, brand image for awareness among customers.
This report provides forecast and analysis of the print labels market which is estimated to surge US$56.403 billion by 2025.
The print labels are required on the packets, containers, or a box for giving important information about the product. The product labels help in stopping counterfeiting, creating brand identity, brand image, awareness, etc. The market for print labels is growing because they convey essential information to customers like its usage, instruction on how to use, ingredients it is made up of, government license. Advancement in technology is helping in creating creative and high-quality labels. Print labels have major applications in cosmetics, food, and medical care sectors. The print label market is expanding due to the requirement of efficient and better-performing technologies for the production of high-quality products. The increasing disposable income has raised the demand for food and beverage, which has further increased the demand for print labels. The pharmaceutical and food and beverage industries are the biggest users of print labels.
The Print Labels Market is segmented by type, by printing technology, by end-user industry, and by geography. Segmented on the basis of the type are pressure sensitive labels, in-mold labels, wet-glued labels, sleeve labels, multi-part tracking labels, and others. Segmentation on the basis of printing technology is by flexography, offset, screen, letterpress, gravure, and digital. Segmentation on the basis of the end-user industry is by healthcare, food & beverage, personal care, industrial, household care, consumer electronics, and others. Segmentation on the basis of geography is North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Geographically the Asia Pacific to have a dominating share in the print label market due to the increasing production of goods and rapid transformation in the facilities due to industrialization in the region. With the presence of developing countries like India and China, the industry is expected to grow. North America to have significant market share in the print labels market due to the early adoption of advanced technologies in the region.
Some of the major players covered as part of the report are Mondi Group, Avery Dennison Corporation, CCL Industries, Innovia Films, Amcor PLC, Constantia, RR Donnelley & Sons Company, 3M, Cenveo Corporation, WestRock Company, among others.
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This report segmented the Print labels Market on the basis following terms:
Cashew Milk Market is estimated to grow at a CAGR of 18.18% to reach a value of US$267.997 million by 2024
Press ReleasesThe inherent properties of no cholesterol, devoid of casein as well as lactose, make cashew milk the go-to alternative to dairy-based products. This preference for the dairy alternative is increasingly gaining credence because of a huge number of people who are lactose intolerant.
According to the report, the cashew milk market is projected to grow at a CAGR of 18.18% over the forecast period 2018-2024. As per the National Library of Medicine (NLM), approximately 65 percent of the human population has a reduced ability to digest lactose after infancy. Lactose intolerance in adulthood is most prevalent in people of East Asian descent, with 70 to 100 percent of people affected in these communities. Lactose intolerance is also very common in people of West African, Arab, Jewish, Greek, and Italian descent. Other than the aspect of lactose intolerance, the rationale for the changing dietary patterns in today’s world is the perception of millennials about food consumption. The resultant effort is to reduce pharmaceutical intervention and adhere to consumption that caters to the functional benefits and resonates with ethical values.
With regards to functional benefits, it may be noted that with the increasing trend of urbanization, thus the lack of time, a healthy section of the population finds it difficult to supplement the nutritional intake due to the profusion of proceeding food and convenience snacking. Albeit the availability of healthy options, access, quantum and availability are not yet a global phenomenon. The other concern is that of the environment, that is the dairy farming involves the process of animal husbandry which is responsible for contributing to the greenhouse gas emissions (GHG) that are resulting in global warming. With the growing environmental consciousness, the consumer is gradually embracing plant-based milk to retard the advent of global warming and promote an environmental-friendly consumer behavior to which they are proud to associate their identity. So, a variety of plant-based milk just like that of cashew milk has been made available with added fortification with nutrients to make up for the nutrient deficiency that is otherwise found in plant-based milk.
Thus, capitulating on the growing preference of the value-driven individuals and also responding to the need of widening the portfolio of the product as exemplified by Trader’s Joe, the affordable supermarket chain which launched organic vegan cultured cashew milk in May 2019. With nearly 500 locations across the USA, it is poised to add to the contribution towards Cashew Milk Market that is posed to witness a stupendous trend.
Some of the major players covered as part of the report are Danone, Pacific Foods of Oregon LLC (CSC Brands L.P.), Califia Farms, So Delicious Dairy Free, Alpro,Provamel, Forager Project and Nutty Life LLC, among others.
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This report segmented the cashew milk market on the basis following terms: