The luxury packaging market is worth $15.298 billion for the year 2019 and is expected to grow at 4.09% CAGR to reach a market volume of US$20.258 billion by 2026.
The luxury packaging market has gained significant prominence in recent years owing to the growing need for greater quality packaging options. Luxury packaging refers to the design, development, display, and manufacturing of packaging solutions for luxury brands. Luxury brands are investing heavily in stimulating the interest of younger segments of the population. Luxury brands use packaging solutions to market their products to high net value customers. These packaging solutions are subject to the highest standards of detail and design which aim to maintain the prestige and quality of the product. The vendors are focusing on investing heavily in innovative concepts to stimulate a positive response from the consumers in the market.
The luxury packaging market is segmented by material as glass, paperboard, glass, textile and plastic. The market is further segmented by use as products used in end-user industries such as cosmetics, Tobacco, fragrances, watches, Jewelry and premium beverages. The market can also be segmented based on gender, price and consumer segments.
Major packaging manufacturers are thriving on high-quality materials and various innovative methods to provide enhanced customer experience. Additionally, major market players are focusing on using the development of sustainable packaging solutions, apart from focusing on the intuitive appeal of the product. While small-scale suppliers are distinguishing their product line based on engineered support and packaging solutions to their target customers.
Notable players in the market are Crown, Classypac, Curtis packaging, Luxpac, Mclaren, Berry M&H, Delta global source, Westrock Group among others.
The Surge in the Use of Luxury Packaging Solutions:-
The luxury packaging market has been an integral part of Tobacco, Jewellery, premium beverages, watches, cosmetics and fragrances and confectionary market segments. The cosmetics and Fragrance market segment hold a significant market share in the luxury packaging market and is expected to grow at a notable rate over the forecasted period owing to increased spending by the younger generation on grooming and growing demand for natural deodorants and perfumes. However, the watches and jewelry segment are expected to witness the fastest market growth owing to a rise in disposable income and growing demand for these products in emerging markets. Whereas, the Alcoholic market holds a reasonable market share owing to the growing consumption of wine and beer.
Key Market Drivers In The Luxury Packaging Market:-
Growth in the luxury packaging market is fueled majorly by the growing demand for aesthetically appealing packaging solutions by consumers as it perceived to add superior value to the product. Marketing is an integral part of any product segment and through packaging, the brands aim to provide customers with the desired high-end appeal. Besides, Packaging serves as a silent marketer for products while ensuring continuity in brand messaging to foster growth in the market.
The luxury packaging market has witnessed an exponential rise owing to rising disposable income, urbanization and adoption of western culture in emerging economies such as Australia, India, China and Brazil. Further, growing environmental awareness among the consumers has propelled the manufactures to adopt more sustainable, biodegradable eco-friendly packaging solutions.
The onset of digital evolution globally has been a vital factor in the growth of the luxury packaging market. The digital mediums have allowed companies to expand their production and distribution lines globally, resulting in a spurred demand for luxury goods. Besides, innovation in the plastic packaging industry from end consumer has augmented demand for luxury plastic packaging solutions
Trends In Video Streaming Software Market By Region:
Key market players around the world have adopted various business strategies to sustain, grow in the luxury packaging market.
Companies in the luxury packaging market have adopted collaborative approaches such as are partnerships, acquisitions, mergers and other related commercial agreements which have supported conglomerates to provide superior quality solutions to their customers globally.
The luxury packaging market can be segmented by region into Europe, North America, Asia and Pacific and the Middle East and Africa. Europe has dominated the luxury packaging market owing to the presence of flagship stores and increase demand for online product distribution. Being home to major luxury manufactures and rising tourism in these regions has fueled the demand for luxury products. Markets like Germany, France and Italy are considered to be a hotspot for luxury brands, thus catering to a major share of packaging solutions in the region. Whereas, the Asia Pacific region is expected to grow at the fastest over the projected period owing to a rise in disposable income, increasing employment levels and dynamism in the market-leading to a shift in consumer preference towards luxury products. The North American region has endured continued growth in the market even as spending has risen faster than income in the region.
With more consumers demanding luxurious products and rise in penetration of online channel of distribution and innovative packaging solutions is collective going to boost growth in the market.
Emerging Trends and Opportunities
The emergence of e-commerce and penetration on the internet has opened several opportunities for manufacturers in the luxury product market. In the age of fast-changing opportunities, luxury companies have been keeping a tab on new emerging technological advancements and consumer classes. Besides, companies have been investing heavily in the digital market spectrum to digitally market their products globally and engage with the younger potential customers. The consumer market has become an integral focus of business for these companies; hence the companies are adopting an Omni-personal approach to provide increased personalization to their customers. Companies are heavily relying upon digital technologies such as AI, Big data to enhance and improve customer engagement. These factors have augmented an increase in sales and the need for innovative, personalized packaging solutions.
Besides, the companies have adopted various green packaging initiatives through the use of paper, cardboard-based recyclable packaging solutions.
Trends in Security Printing Market
Thought ArticlesThe Security Printing Market is estimated to reach a market size of US$45.027 billion by the end of 2026. The market was worth US$31.319 billion in 2019 and is anticipated to grow at CAGR 5.32%.
Security printing is the branch of the printing industry which deals with the printing of banknotes, cheques, passport, stock certificates postage stamps and identity cards among others. Key end-market applications include Banking and financial service, tickets, Personal ID, and brand protection services. The primary intent behind using security printing measures is to prevent forgery, tampering or counterfeiting of any official documents or government-issued notes.
Accordingly, growing cases of tampering, forgery and counterfeiting crimes are the major driving factors for growth in the security printing market. For instance, in February 2021 RBI found 32,000 worth of fake currency in 100 denominations from several nationalised banks. To tackle and identify such currency counterfeit problems, Interpol has introduced several web-based tools such as I-24/7. Moreover, Interpol aims at educating law enforcement communities, financial institutions and other related parties with knowledge, skills and most beneficial practices to identify counterfeited currency notes.
More recently, these newer methods have become widely feasible to commercial providers allowing them to utilise these techniques to protect their high-value documents. The application of these techniques has not been confined to the protection of high-value documents; businesses are now using these techniques for protecting their lesser value documents such as transcripts, coupons by incorporating security printing features to ensure utmost protection to their documents.
Notable players in the market are 3M, ABCorp, Gemalto, Giesecke + Devrient, Thomas Greg & Sons Ltd, and De La Rue Supply Chain Bolton
Brand Protection and Tickets to Dominate the Market
The security printing market can be segmented as Brand protection and tickets. Brand protection involves protecting intellectual property such as patents, copyrights, trademarks and their associated brands against counterfeiters and infringers’. Main aim of brand protection is to safeguard the company's image, overall value and prevent brand abuse. Whereas, Tickets are vouchers that indicate an individual’s admission to an event or establishment. The market for brand protection and tickets is estimated to dominate over the forecasted period. The fundamental reason for increasing adaptation security printing solution in the brand protection and tickets segment is due to the surging availability of pirated products on both offline and online channels along with a drastic effect on company operations and brand name.
Increasing Adaption of Security Printing of Currency Is Estimated to Significantly Contribute to the Growth of the Security Printing Market
The key factor driving demand growth in the market is rising technological advancement along with the adoption of currency printing for better governance and regulation. Printing of fake currency severely affects the economy as it increases the quantum of currency which furthers devalues the currency on an international level against a foreign currency, thus affecting the economy. Furthermore, the circulation of fake currency in the economy increases inflation, thus affecting the prices of daily commodities in the market. For instance, the Indian government demonetized its currency in 2016 intending to reduce terror funding, circulation of black money and fake currencies in the economy. The government banned the circulation of 500 and 1000rupee notes intending to prevent counterfeiting of notes for illegal purposes. According to NRCB data, Post demonetization, Delhi had the highest collection of fake notes valued around Rs.3.01 crore. However, its quantum was far less than that of the Rs 1000 note. Hence governments around the world are adopting various measures to curb the use of fake currencies in the economy.
Moreover, companies are heavily investing in the research and development of efficient technological solutions for the prime security of financial documents and currency. Additionally, governments are adopting these innovative technological solutions to reduce economic losses arising out of counterfeiting and tampering. The use of hybrid printing papers and technology in the printing of currency is anticipated to reduce money counterfeit, money laundering and corruption, hence driving the market. For instance, the European central bank has introduced new Euro 100 ad Euro 200 notes that are denominated with bold design and satellite hologram and have bold shades to monitor circulation in the region.
Moreover in India, NRCB has developed a national level database and instilled a web-enabled software for online recording and reporting of fake Indian currencies. Additionally, RBI uses a technique of picture preparation that depends upon the extraction of highlights on Indian Banknotes. Predominantly used Security highlights by RBI are watermarks, Idle strings, Security strings and optically factor ink. Similarly in the US, a three-step digital technological process is used in counterfeiting.
The Asia Pacific Region Is Predicted to Hold a Notable Share of the Market
The Security printing market is fragmented in nature; companies have various departments of security printing for products such as currencies, passports, visas to prevent counterfeiting of products. Key market players around the world have adopted various business strategies to sustain, grow and develop in the Security Printing market. Various business strategies that have been employed by organizations around the world are partnerships, acquisitions, mergers and other related commercial agreements which have assisted conglomerates to develop and provide services to a large group of people worldwide. Through such collaborative agreements between market players and governments and other allied government agencies in the North American region have resulted in significant development of the market on the whole.
The North American region holds a significant market share and is projected to grow at a decent CAGR over the forecasted period. The major driving factor is the rising scrutiny and investment in combating counterfeiting currency and documentation, along with stringent government rules and regulations. For instance, according to the Bureau of Engraving and Printing, manufacturing of United States currency or altering genuine currency is a violation of title 18, section 471 of the United States code. However, the Asia Pacific region is estimated to hold a remarkable share and is projected to grow at an exponential rate owing to rapid technological advancements in countries like Nepal, China and India. Moreover, rising concerns over corruption, terror funding and fake currency are estimated to augment the demand in the market. Besides, advancement in technology and the growing use of digital methods for banking and financial services will further boost the market in the region.
Active Packaging for better business
BlogActive packaging includes anything from the moisture reduction sachet and anti-microbial linings to physical shock indicators and allergen sensors. It aims to improve the performance of the package by infusing it with subsidiary constitutes. This packaging system ensures the freshness of the food and smart packaging that is free from contamination.
Active packaging extends the shelf-life of packaged food products and provides greater transparency to consumers and enterprises. In addition, technological advancements in packaging are encouraging the pharmaceutical sector to improve product traceability and enable easy access to information about medicines with smartphone scanning.
Active packaging is often used with technologically advanced systems, microelectronics, computer applications, and nanotechnology. It provides various advantages such as control of moisture, corrosion, atmospheric, and temperature. AIMPLAS initiated the SafetySenseO2 project in 2020 to create a printed sensor capable of recognizing the presence of oxygen in the packaging. The oxygen sensor provides information regarding the safety and quality of the food to customers to reduce the food poisoning risk.
Some of the players in the active packaging market are BASF SE, DuPont, Amcor Ltd., MicrobeGuard Corporation, Sealed Air Corporation, Dessicare Inc., Active Packaging, and Accutech Packaging.
The active packaging market is projected to grow at a CAGR of 6.62% to reach a market size of US$31.924 billion in 2026 from US$20.386 billion in 2019.
Food Industry to Hold the Major Share
The active packaging market based on application is segmented as Food, Beverages, Pharmaceuticals and Healthcare, Electronics Applications, Consumer Care, and Others. Food is expected to hold the major share of the active packaging market. The food industry is one of the largest end-user industries of active packaging. The rising demand for ready-to-eat and packaged food is driving the market demand for the active packaging. The beverage industry incorporating bottled water, and pouches among others is expected to positively impact the active packaging market. However, the rising environmental awareness among customers is acting as a restraint in the growth of the active packaging market and is pressuring the manufacturers of the active packaging market to focus on and offer eco-friendly packaging options. Sealed Air Corporation joined the alliance to end plastic waste in 2019. The organization comprises nearly 80 companies and made a five-year commitment to invest $1.5 billion in solutions to eliminate plastic waste in the environment.
Asia Pacific to Witness Lucrative Growth
The active packaging market based on region is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Asia Pacific region is expected to witness lucrative growth during the forecasted majorly due to the rising demand from the end-user. In addition, the advancement in technology is making the materials more affordable and thus, boosting the market growth of the active packaging in the region. In 2019, the AIPIA China Summit identified several Chinese manufacturing industries with active and intelligent packaging technologies benefits. The program to designed to showcase China’s smart packaging requirement and how various innovations can provide real value to the packaging industry. In India approximately 40% of the food is lost before it reaches the market as most of it traps the moisture deteriorates the food. This proved the requirement for the active packaging.
While North American region is expected to hold the major share of the Active Packaging Market primarily due to the intensive research and development. PearlCBD operated by Origin Lab is selling its products in March 2020 with intelligent labels which use Near Field Communication technology (NFC) ttagsbuilt into the label so that users can verify the product authenticity.
Covid-19 Impact
The outbreak of the pandemic and its subsequent pandemic and other restrictions mandated by the government globally impacted every industry and disrupted the distribution channel. The active packaging market was severely affected by the pandemic as the organization and manufacturing were forced to close thus disrupting the demand and supply chain. However, the pharmaceutical industry witnessed growth in demand during the pandemic thus increasing the market demand for the packaging. AptarGroup was seeking US FDA Emergency Use Authorization (EUA) as a solution to easily disinfect N95 masks. For the disinfection process, the N95 mask and a small strip of AptarGroup’s Activshield are placed inside any available one-gallon plastic bag and after three hours it is ready to be worn again.
Growing Penetration of Teleradiology
Thought ArticlesTeleradiology is a branch of telemedicine in which transmission of radiological patient images using telecommunication systems is done from one location to another, over a distance to radiologists and physicians for consultation and diagnosis purposes. There exists a disequilibrium between the demand and accessibility of radiology diagnostic services. The United States is predicted to encounter an insufficiency of nearly 122,000 physicians by 2032 according to the Association of American Medical Colleges. This imbalance is leading to the increased adoption of teleradiology services. It provides great utility for institutions wanting to limit the costs of a radiology specialist. Additionally, it is beneficial for institutions with a low number of patients needing such radiology consultancies. The technological advancement in this field of telemedicine has bridged the distance and reachability gap for rural areas where there are no radiology specialists.
Surging Demand for Radiology Consultancy Will Drive the Market Growth
There is a high demand for radiology consultancies but a dearth of such specialists. According to the World Health Organization, annually worldwide, more than 3600 million diagnostic radiology examinations are performed. This is one of the key factors for the growth of the teleradiology market in the coming years. Coupled with that is the increase in chronic diseases like cardiovascular diseases, cancers, chronic respiratory diseases, and diabetes hinting at an unfulfilled demand for skilled radiologists. The International Agency for Research on Cancer predicts that there were nearly 19.3 million new cancer cases in 2020, worldwide. Furthermore, there has been an increase in government expenditure on healthcare information services pointing towards the growth potential of the market.
There has been a significant increment in the number of imaging procedures conducted. This further hints at the expanding market size of the teleradiology market. There has also been an escalation in the adoption of cloud-based solutions prompting the growth of the market.
The growth of the teleradiology market is also owed to people becoming conscious of their health and needing second opinions on their diagnosis. Moreover, the situations of emergencies can be well taken care of through the use of this technology.
Digital diagnosis is gaining acceptance because of being cost-effective as compared to paying for a physical meeting with the radiologist. It is also quick and effective and has less turnaround time. So, there has been escalating focus of market leaders towards bringing innovation to digital diagnosis. This will lead to further growth in the market.
Data Security Concerns Will Hinder the Market Growth
Teleradiology requires the minimum infrastructure of broadband connections. However, there is low availability of such connections, especially in developing countries. Consequently, though being cost-effective, the poor people and a large population residing in rural areas are unable to take advantage offered by the technique.
Additionally, even for consulting through telecommunication, there is a shortage of skilled radiologists.
One of the major hindrances to the growth of the market is data security concerns. People are not confident enough regarding the maintenance of privacy of their data and, so, are reluctant to adopt the digital method of diagnosis. The teleradiology services and certain professionals are also unaware of the regulations imposed against the breach of privacy protocols.
Impact of COVID-19
The COVID – 19 Pandemic has had a positive impact on the teleradiology market. The demand for such services as chest X-rays and CT scans skyrocketed. People want expert’s opinions regarding the uncertainty of a better approach at handling the deadly situation. The number of consultancies required against the number of specialists was huge, the professionals are under immense pressure, so the physicals appointments were out of the question. The regulations of social distancing imposed further pushed the people towards the adoption of digital diagnosis.
The governments across the nations increased their healthcare expenditures and promoted eHealth to curtail the spread of the virus.
Huge investments are being made for Research and Development in teleradiology to combat the challenges of the market. Government incentives and a surge in demand prompted the key players to look for innovation in the technique to boost the market growth.
In February 2021, Telerad Tech Pvt. Ltd, an AI-enabled teleradiology software global provider announced a business expansion. The company is entering four more countries – Saudi Arabia, South Africa, Israel, and Egypt.
Regional Analysis
North America is expected to account for the largest share in the teleradiology market owing to favoring government initiatives, technological advancement, and the rising number of healthcare facilities. Moreover, a high prevalence rate of chronic diseases leading to greater adoption of digital diagnosis.
The Asia-pacific region is predicted to be the fastest-growing region due to the increasing infrastructure in the countries. A significant share of the population in these developing countries is below the poverty line who would choose the cost-effective diagnosis method over the on-site expensive one.
Innovation in Aqua Cultivation
BlogThe aquaponics market is expected to grow to a market size worth US$1,291.874 million in 2026. This market was worth US$662.498 million in 2019. The prime reasons driving the growth of the market are the booming aquaculture industry and the growing adoption of sustainable, environment-friendly technology to reduce the alarming carbon footprint of humans. Aquaponics is an advanced method of aqua cultivation that incorporates fish raising and plant cultivation under a controlled environment. This method involves two benefits for the user. The excreta and other waste produced by the aquatic animals are used in the form of nutrients for the plants that are cultivated.
Further, by consuming these wastes, the plant purifies the water and removes the excreta which are harmful to the aquatic ecosystem. The bacteria present in the roost of plants break this waste into consumable matter hence helping in the growth of the plants. This mutually benefitting relationship enables a better aquatic ecosystem and growth in plants enabling better growth at a lower price. Booming demand for fish and other products owing to growing protein-based diet adoption is supporting the market growth.
Growing health consciousness has also resulted in a surge in demand for organic food products which will increase the market prospectus of aquaponics technology. However, other sustainable agriculture practices such as vertical farming, hydroponics, organic arable farming, and others pose constrain to the emerging market opportunities for this market.
Rising Demand for Fish and Other Products Will Increase the Demand in the Market
One of the prime reasons driving the growth of the market is the surging demand for fish and fish products for better health and nutrients. Fish is a vital source of nutrients such as protein and vitamin D and also contains Omega 3 which is important for the human body and brain. A shift in eating trends has resulted in a shift to a protein-based diet from a carbohydrate-based diet and plays a significant role in the market demand for fish and other products. Furthermore, growing fitness trends and availability of cheap and accessible fitness alternatives such yoga, Zumba, gym, and aerobics has increased demand for protein diet for better muscular growth has notably led to such changing trends in the diet. Moreover, the growing population and surging demand for food products also help in the market demand for fish, which in turn increases demand for the aquaponics industry.
Rising infrastructure development and goring investment in major countries to increase their aquaculture also support the market growth during the forecasted period. In Saudi Arabia, for instance, under its Saudi Vision 2030, the country has set a target to become a prime producer of aquatic products in the region. Following this vision, the Agriculture Development Fund (ADF) of Saudi Arabia announced, in 2019, the launch of a Fish Farming support Program, that will provide 70% funds to the fish farming projects that are developed in the country. The ADF also aims to increase aquaculture production to 970,000 tons per year by 2029. Hence, to support this target, the Saudi authorities, in April 2021 announced plans to set up 70 million fingerlings fish farms in the country. A budget of US $346.612 million is allotted for the project and the MoU signed between the Ministry of Environment, Water, and Agriculture, NEOM Company and Tabuk Fish Company aims to expand local aquaculture production using by adopting modern technology such as aquaponics, hydroponics, and others.
Furthermore, the booming demand for organic food products owing to their health benefits will provide a huge growth prospectus for the market. Data provided by the Food and Agriculture Organization (FAO) states that worldwide sales of organic food have increased from US$18 billion in 2020 to US$95 billion in 2018, while 2.8 million farmers produced organic food in 2018. Due to minimum or no chemical involvement and use of bio-products, organic food has greater nutrients components and hence is healthy for humans begins, therefore driving its demand. Looking at the emerging market opportunities, farmers, globally, are producing organic food, driving the growth of the aquaponics market. However, the lower shelf life of organic products has the potential to hinder the market growth.
Fish Tanks and Biofilters Will Have a Significant Market Share
Based on components, the global aquaponics market is segmented into Bio Filter, Settling Basins, Fish Tank, Soil-free Plant bed, Rearing tanks, Aquaponic produce, and others. during the forecasted period, biofilter and fish tanks are anticipated to have a large share in the market growth owing to increasing aqua cultivation to meet the booming demand for fish and fish products.
Geographical Insights
Based on geography, the global aquaponics market is divided into the following regions: North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific region. The North American region will have a major share in the aquaponics market owing to the region’s states of art infrastructure and adaptability of emerging technologies. The Asia Pacific and the Middle East and Africa region is projected to grow at a promising rate owing to the increasing adaptability of organic farming and the rising growing aqua cultivation industry. Infrastructure development in countries such as Saudi Arabia, UAE, India, China, and others will play a vital role in the growth of the market during the study period.
Covid Insights
The analysis report on the global aquaponics market covers, in detail, the impact of coronavirus pandemic on the aquaponics industry, globally and regionally. Containment measures involved nationwide lockdown and a halt in the construction industry. This resulted in a delay in the construction process, affecting the market growth significantly. However, rising cases and fear of viruses embedded the importance of healthy eating and a healthy diet, which significantly boosted the market demand for organic food, increasing the growth prospects of the industry.
Quantum Dots: An Emerging Technology
Thought ArticlesThe Quantum Dots market is expected to grow at a compound annual growth rate of 18.44% over the analysed period to reach a market size of US$10.843 billion in 2026 from US$3.316 billion in 2019.
Quantum dots are defined as artificial nanoparticles that have a semi-conductor property to help in the transportation of the electrons. These small semiconductors have the ability to emit out the light of myriad colours after UV light is incident on them. These particles have unique optical and electronic properties which are different from the large particles. Their diameters range between 2 to 10 nanometres influencing the wavelength of the light emission. The shape, composition and structure affect the light emission capabilities. Optoelectronic characteristics of the quantum dots alter as the function of the shape and size. These particles find the spectrum of applications in the information storage, single-electron transistors, agriculture, imaging, electronics, medicines, catalysis, UAVs or drones and sensing devices. Based on electronic properties they can be an active material in the single-electron transistors.
The quantum dots act like naturally occurring molecules or atoms and its properties can be modified by the removal or addition of the electrons. Due to its unique illumination properties when exposed to a source of energy such as UV light, it can be used in many optoelectronic devices such as TVs, LEDs, Photoconductors among other applications and its demand and its uses are still witnessing rapid growth.
Market Players included in the report of the quantum dots market are Nanosys Inc., Quantum Materials Corporation, Quantum Laser, NN-Labs Inc., Crystalplex Corporation, Nanoco Group Plc, Ocean NanoTech, NanoPhotonica.
Market Size
Based on geography, the quantum dots market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The North American region is projected to hold dominating share of the market. This can be attributable to the region’s state-of-art infrastructure, fast adoption of 4K LED television and early adoption of the advanced technology.
Meanwhile, Asia Pacific region is expected to grow at the fastest rate during the forecasted period primarily due to the growing technological advancement, inclination of the consumer towards the adoption of the technologically advanced products, innovation and the increase in the awareness along with the involvement of various organization and universities investing heavily in the research and development of technology especially in the display and healthcare.
The quantum dots market by product type is segmented as Quantum Dots Solar Cells, Quantum Dots Display, Quantum Dots Medical Device, Quantum Dots Laser and Others.
The quantum dots market by a material is segmented as Cadmium-based Quantum Dots, Silicon, Graphene and Lead Sulfide,
The quantum dots market by end-user industry is segmented as Telecommunication, Healthcare, Military and Defence, Consumer Electronics and Others.
The consumer electronics segment is expected to hold to grow at a significant rate due to the surge in the demand for the technologically advanced consumer electronic good. The advertisement is playing a major role in boosting the market growth of quantum dots. Further, the quantum dots technology enhancing their product by improving display performance in terms of colour accuracy and gamut and reduced power consumption, further the unique characteristics such as pure colour, wavelength tenability and high brightness, thus making it a popular demand among the consumer electronics segment.
Market Growth
Quantum dots are used in LCD device such as TV, smartphones and tablets. It produces narrow colour-band frequency emission and its smaller size enable them to manage the brightness of the display while ensuring the less consumption of the power than LCD and OLED displays. The key players of the television manufacturing such as Samsung and Sony are developing 8K and 4K LCD, LED TVs that is quantum dot-based and is lesser in cost than OLED technology. The high demand of the quantum dots in the display are driving the market growth of the quantum dots. Quantum dots produce higher peak brightness for many of the optimized devices and can drive up the colour brightness and the gamut of the display. This is encouraging the other players of the market including TV and LED display manufacturers to adopt the quantum dots as it provides an efficient way of producing the next generation of high-definition and brilliant TV screen display.
Quantum Dots are emerging slowly in the optoelectronics and is expected to increase along with its product development.
Technology
Quantum dots are tiny semiconductor nanomaterials that are made from different manufacturing and synthesis method. They have wide applications in electronics, imaging, sensing devices, information storage, medicine and catalysis. Its capability of churning the large quantity of the nanocrystals in the batched based on the exact parameters is further boosting the market demand for the quantum dots technology. Quantum dots is majorly used in two major industries, display and lightning as it is a most popular alternative to the conventional display technologies. The quantum dots technology is expected to be commercialized soon in the lightning segment as the providers of the lightning solution are widely adopting quantum dots for the manufacturing of the lightning devices. For instance, OSRAM have started adopting the quantum dots in the manufacturing of the LED. Thus, the surge in the adopting of the quantum dots in the LED lightning is offering growth opportunities to the quantum dots market.
However, most of the raw materials of the quantum dots possess the best characteristics which are suitable for the quantum dots but have limited availability. While the rest of the materials are not environmentally friendly and are highly toxic for instance, cadmium. Currently, cadmium is being used as the most effective raw material during the manufacturing of quantum dots as they possess high brightness and intensity, thus proving to be useful in the optoelectronics application. Cadmium should be used optimally. For instance, Quantum Materials Corp., leading US-based cadmium-free quantum dot and nanomaterials manufacture, produced 100% cadmium free 55-inch QDX quantum dot display technology that can achieve a superior level of performance of industry-leading 95% Rec by utilization of the company’s proprietary QD-enhanced film. While eliminating the cost barrier film which was previously required for the QD-based display design.
Thermal Imaging Market – Method to Improve Visibility
Thought ArticlesThe Thermal Imaging Market is projected to grow at a CAGR of 5.58% to reach a market size of US$5.977 billion in 2026 from US$4.087 billion in 2019.
Thermal imaging is defined as the technology which utilize infrared radiation and thermal energy to gather information about various objects to formulate images of them. The technology can produce high-quality images even in a low-visibility environment. It uses heat to produce an image or to identify an object. The Thermal imaging market is projected to expand during the forecast due to high investment by the government, capital firms, and companies in the research and development to create an effective thermal imaging solution. The increasing adoption of thermal imaging in security, residential, manufacturing, and inspection services is projected to result in a surge in the market.
Thermal imaging is also widely being used to detect several other illnesses where the skin temperature reflects the underlying tissue inflammation or the variation in the blood flow. For instance, Healthcare facilities in France adopted infrared thermography in 2019 as a substitution to the X-Rays in the mammograms to screen for breast cancer. The infrared thermography is painless and is less invasive compared to the mammography. It is also used to detect the difference in the temperature on the surface of the body. The rise in the use of the thermal imaging technology in the healthcare and life science sector is expected to further boost the innovation in neonatal care.
Market Players included in the report of the Bioplastic Market are FLIR Systems, Inc., Fortive, Axis Communications, Seek Thermal, Selex ES, Leonardo – Società per azioni, L3 Technologies, Inc., BAE Systems, Testo SE & Co. KGaA, Xenics.
Covid-19 Impact
The outbreak of the Covid-19 pandemic and its subsequent lockdown and severe rules and regulations mandated by the government globally have impacted every industry and have severely disrupted the distribution channel. The pandemic had a positive impact on thermal imaging solutions. The demand for the thermal imaging solutions in the healthcare and transportation industries. In the healthcare industry, several researches are deploying thermal cameras to measure and capture human temperatures due to the pandemic. The cameras aid in the detection of temperature with detail and precision. In addition, several market players are adopting the thermal imaging solutions and are developing the innovative solutions that include collaboration with Artificial Intelligence (AI). For instance, Honeywell International, Inc introduced an Al-enabled thermal imager in May 2020 which detect elevated body temperature at the entryway of distribution centers, commercial buildings, and factories. This product was highly appreciated.
Market Size
Thermal Imaging Market on the basis of region is segmented as North America, South America, Europe, Middle East, and Africa, and the Asia Pacific.
North America is expected to hold the largest market share of the thermal imaging during the forecasted period. The Organization are increasingly adopting of the infrared imaging products and services for the applications such as threat detection, predictive maintenance, automotive, surveillance, and others. Most of the companies in the region are focusing on developing better IR camera to provide detailed infrared information to gain a competitive edge over others. ?In addition, the commercial and military application early forms of night vision first came to the mainstream automotive market in the 2000 Cadillac DeVille, albeit at a cost approaching USD 3,000. After this the prices of the thermal sensors and cameras were decreasing. During the covid-19 pandemic, many of the organizations are adopting the thermal imaging. For instance, Amazon installed thermal camera in April 2020 which were equipped with this technology in six USA facilities in Los Angeles and Seattle to screen the temperature. This helped them to protect the staff and their customers from being infected by a coronavirus.
The thermal imaging market on the basis of components is segmented as Hardware, Software and Services.
Thermal imaging market on the basis of Industry Vertical is segmented as Military and Defense, Manufacturing, Consumer Electronics, Aviation, Construction and Others
Military were the first applications of thermal imaging system. Thermal Imaging is widely used in the military on account of its day-night working capability and its ability to perform well in the adverse weather conditions. For instance, thermal detectors can capture infrared radiation discharged by all the objects above absolute zero temperature. In addition, with the defence sector highly investing on the surveillance, IR and thermal imaging system adoption is expected to increase during the forecasted period.
The government are investing in the military sector to improve the next-generation technology by offering military personnel along with accurate and improved information. The demand of the short-wavelength IR camera is being impacted as the adoption of the IR thermography device is being increasingly adopted in the defence sector.
There has been rise in the crime and violence globally which is leading to rise in the homeland security forces’ budget to procure the advanced protective system and gadgets. Morden warfare is becoming more asymmetric with the increase in the number of lethal and non-lethal weapons. Asia Pacific region offer growth opportunities with the rising technology penetration, high defence spending, rise in the technology penetration and presence of small and medium enterprises (SMEs).
Market Growth
The rise in the demand for the surveillance and security in both private and public sector is expected to boost the market growth of the thermal imaging. The increase in the requirement of the security for the employees and citizen is further augmenting the thermal imaging market. The increase in the investment in the infrastructural system and urbanization is leading to the rise in the demand for the additional advanced security solutions. The demand for the professional surveillance is expected to positively impact the market growth of the thermal imaging.
Thermal Vision Automotive Development Kit feature high-performance of the FLIR Boson thermal camera for the tier-one automotive parts supplier, automakers and the advanced driver assistance innovators systems (ADAS). ? L-3 communication launched latest Warrior Systems (ALST) and L-3 communication have also signed a contract to deliver the ground laser target designators to the Republic of Korea. The contract value is USD 30 million approximately. The company have also released its laser designator armed with range finding, latest Scarab system and an IR thermal imager, which is providing exact target designation during the day, night, and in all battlefield conditions.
Seek Thermal, Inc collaborated with the Los Angeles Fire Department in 2019 to provide every 3,350 firefighters the device, RevealFirePRO to enable them to do the primary search and locate victim quickly during the emergencies.
Changing Trends in the Luxury Packaging Market
BlogThe luxury packaging market is worth $15.298 billion for the year 2019 and is expected to grow at 4.09% CAGR to reach a market volume of US$20.258 billion by 2026.
The luxury packaging market has gained significant prominence in recent years owing to the growing need for greater quality packaging options. Luxury packaging refers to the design, development, display, and manufacturing of packaging solutions for luxury brands. Luxury brands are investing heavily in stimulating the interest of younger segments of the population. Luxury brands use packaging solutions to market their products to high net value customers. These packaging solutions are subject to the highest standards of detail and design which aim to maintain the prestige and quality of the product. The vendors are focusing on investing heavily in innovative concepts to stimulate a positive response from the consumers in the market.
The luxury packaging market is segmented by material as glass, paperboard, glass, textile and plastic. The market is further segmented by use as products used in end-user industries such as cosmetics, Tobacco, fragrances, watches, Jewelry and premium beverages. The market can also be segmented based on gender, price and consumer segments.
Major packaging manufacturers are thriving on high-quality materials and various innovative methods to provide enhanced customer experience. Additionally, major market players are focusing on using the development of sustainable packaging solutions, apart from focusing on the intuitive appeal of the product. While small-scale suppliers are distinguishing their product line based on engineered support and packaging solutions to their target customers.
Notable players in the market are Crown, Classypac, Curtis packaging, Luxpac, Mclaren, Berry M&H, Delta global source, Westrock Group among others.
The Surge in the Use of Luxury Packaging Solutions:-
The luxury packaging market has been an integral part of Tobacco, Jewellery, premium beverages, watches, cosmetics and fragrances and confectionary market segments. The cosmetics and Fragrance market segment hold a significant market share in the luxury packaging market and is expected to grow at a notable rate over the forecasted period owing to increased spending by the younger generation on grooming and growing demand for natural deodorants and perfumes. However, the watches and jewelry segment are expected to witness the fastest market growth owing to a rise in disposable income and growing demand for these products in emerging markets. Whereas, the Alcoholic market holds a reasonable market share owing to the growing consumption of wine and beer.
Key Market Drivers In The Luxury Packaging Market:-
Growth in the luxury packaging market is fueled majorly by the growing demand for aesthetically appealing packaging solutions by consumers as it perceived to add superior value to the product. Marketing is an integral part of any product segment and through packaging, the brands aim to provide customers with the desired high-end appeal. Besides, Packaging serves as a silent marketer for products while ensuring continuity in brand messaging to foster growth in the market.
The luxury packaging market has witnessed an exponential rise owing to rising disposable income, urbanization and adoption of western culture in emerging economies such as Australia, India, China and Brazil. Further, growing environmental awareness among the consumers has propelled the manufactures to adopt more sustainable, biodegradable eco-friendly packaging solutions.
The onset of digital evolution globally has been a vital factor in the growth of the luxury packaging market. The digital mediums have allowed companies to expand their production and distribution lines globally, resulting in a spurred demand for luxury goods. Besides, innovation in the plastic packaging industry from end consumer has augmented demand for luxury plastic packaging solutions
Trends In Video Streaming Software Market By Region:
Key market players around the world have adopted various business strategies to sustain, grow in the luxury packaging market.
Companies in the luxury packaging market have adopted collaborative approaches such as are partnerships, acquisitions, mergers and other related commercial agreements which have supported conglomerates to provide superior quality solutions to their customers globally.
The luxury packaging market can be segmented by region into Europe, North America, Asia and Pacific and the Middle East and Africa. Europe has dominated the luxury packaging market owing to the presence of flagship stores and increase demand for online product distribution. Being home to major luxury manufactures and rising tourism in these regions has fueled the demand for luxury products. Markets like Germany, France and Italy are considered to be a hotspot for luxury brands, thus catering to a major share of packaging solutions in the region. Whereas, the Asia Pacific region is expected to grow at the fastest over the projected period owing to a rise in disposable income, increasing employment levels and dynamism in the market-leading to a shift in consumer preference towards luxury products. The North American region has endured continued growth in the market even as spending has risen faster than income in the region.
With more consumers demanding luxurious products and rise in penetration of online channel of distribution and innovative packaging solutions is collective going to boost growth in the market.
Emerging Trends and Opportunities
The emergence of e-commerce and penetration on the internet has opened several opportunities for manufacturers in the luxury product market. In the age of fast-changing opportunities, luxury companies have been keeping a tab on new emerging technological advancements and consumer classes. Besides, companies have been investing heavily in the digital market spectrum to digitally market their products globally and engage with the younger potential customers. The consumer market has become an integral focus of business for these companies; hence the companies are adopting an Omni-personal approach to provide increased personalization to their customers. Companies are heavily relying upon digital technologies such as AI, Big data to enhance and improve customer engagement. These factors have augmented an increase in sales and the need for innovative, personalized packaging solutions.
Besides, the companies have adopted various green packaging initiatives through the use of paper, cardboard-based recyclable packaging solutions.
Ransomware Protection Market – Protection Against Ransomware
BlogRansomware is a malicious form of software that uses encryption to lock the people out of their data. Since the inception of the software, the criminal groups are lookout for the ways to exploit the people with encrypted attacks. The ransomware attaches itself to the data and prevents the access to the owner till the victim pays the ransom. Maharashtra Industrial Development Corporation (MIDC) was a victim to the ransomware attack in India in March 2021.
During the covid-19 pandemic, the criminal group were introducing new coronavirus phishing theme and as the dependency increased on their laptop and desktop, it increased the for Ransomware Protection Market. These result in creating a cyber hostage situation. The Cybersecurity and Infrastructure Security Agency (CISA) has been focusing towards the country’s digital defence, CISA has also warned organizations against the ransomware attacks exploiting Microsoft Exchange's severe vulnerabilities
The Ransomware Protection Market on the basis of Offering is segmented as Solution and Services.
The Ransomware Protection Market on the basis of the Deployment Model is segmented as On-premise and Cloud.
The Ransomware Protection Market on the basis of Enterprise Size segmented as Small, Medium and Large.
Some of the players of the Ransomware Protection Market are McAfee, Symantec Corporation, Trend Micro, Inc., FirEeye, Inc., Sophos Ltd, Bitdefender, Kaspersky Lab, Malwarebytes, and Zscaler, Inc.
The global ransomware protection market is expected to grow at a compound annual growth rate of 14.50% over the forecast period to reach a market size of US$33.320 billion in 2026 from US$12.875 billion in 2019.
Increase in the Technology Users
The increasing number of reliance on the technology especially during the pandemic is increasing the number of ransomware attacks and rising severity of these attacks are a major factor that is driving the market growth of the ransomware. The organization is considered to be three times more susceptible to suffer breach by social attacks than by actual vulnerabilities, thus increasing the necessity of employee cybersecurity education and demanding ransomware protection solutions. Organization can also deploy Ransomware protection software on all the devices including cloud storage and cloud servers and in addition, have data backup and retrieval policies and plans. As cloud storage is not resistant to ransomware threat, thus the ransomware can affect the cloud storage. The ransomware ‘SYNack’ had impacted the database servers and applicates hosted on the Cloud DC and local severs hosted in MIDC headquarters in Mumbai, India by encrypting the data stored in these servers.
However, the low adoption of the ransomware especially by the developing regions due to lack of awareness and huge investment in the IT department is posing restraints to the market growth of the Ransomware Protection.
North America Region to Hold the Major Share
Global Ransomware Protection Market on the basis of region is segmented as North America, South America, Asia Pacific, Middle East & Africa and Europe.
North America holds the major share of the Ransomware Protection Market as they were early technologies. The demand has been increasing due to the several incidents of the data encryption with the motive of generating a ransom for the decryption of the data. Government of USA are giving priority to the ransomware protection in their security agenda. US government had launched a program that focused on protecting voter registration databases and systems in 2019. These systems, which are utilized to confirm the eligibility of voters before they cast ballots, were compromised in 2016 by Russian hackers attempting to collect information. Thus, such increasing threats are creating massive demand for ransomware protection solutions to safeguard the country from major hacks.
COVID-19 Impact
The outbreak of the covid-19 pandemic has affected every industry and have disrupted the distribution channel. During the pandemic, the ransomware stacks have witnessed an increase in the number of cases majorly due to the rise in the number of individuals working from home and attending online lectures. This increased the chances of them falling prey to the ransomware attacks. The group of criminals were shifting their phishing themes to covid lure included financial defrauds by offering the payment of the government assistance during the lockdown, information regarding the vaccine, short supply goods and masks. Organization and government are actively participating in controlling the attacks by taking investing in the ransomware solutions. Thus, the demand for the ransomware protection service and solutions were in high demand.
The Global Fresh Food Packaging Market – Keeping It Fresh
Thought ArticlesThe Global Fresh Food Packaging Market is expected to grow at a compound annual growth rate of 4.20% over the forecast period to reach a market size of US$112.789 billion in 2026 from US$84.562 billion in 2019.
Packaging of fresh food is required for the transportation to avoid any spoilage and physical damage. Food products are packed using several materials to protect the contents from adverse environmental conditions such as pollution, weather adversities, and dust among others. The demand for ready-to-eat and packaged food is increasing among the consumers especially the millennials and this high demand is expected to continue during the forecasted period. The rising demand is motivating the players of the fresh food packaging market to focus and introduce innovative packaging solutions to provide convenience and a longer shelf-life of the contents.
According to the WRAP study, 60% of the household waste arise from the consumers not consuming edible food in proper time. But with a twofold approach of more effective labeling and branding, consumers can better understand the shelf life of the food and active packaging can allow the contents of the packaging to last longer.
In addition to the growing awareness regarding the environment, global warming and the impact of the plastic on the environment is a big concern for the consumers and government which is restraining the market growth of the fresh food packaging. This is motivating the players of the fresh food packaging to focus and introduce cost-effective and biodegradable packaging solutions. Amcor launched Amite Ultra Recyclable in 2019 which is made from the company’s revolutionary and more sustainable high-barrier polyolefin film which can reduce the carbon footprint by up to 64%. Disposal of food waste while the packaging is a major concern for the companies which is proving to be a challenge to find solutions to.
Market Players included in the report of the Global Fresh Food Packaging Market are Mondi PLC, DS Smith PLC, Coveris Holdings S.A., Bemis Company, Inc., Smurfit Kappa, Sealed Air Corporation, Amcor Limited, LINPAC Packaging, Sonoco Products, AEP Industries.
COVID-19 Impact
The outbreak of the Covid-19 pandemic has impacted every industry and have highly disrupted the distribution channel. The coronavirus moderately impacted the global fresh food packaging market. The decline in the consumption of the packaged food and the outbreak of the Bird Flu in various parts of India led to a decrease in demand for the packaged food or restaurant food. The demand for the fruits and vegetable market was increasing during the pandemic as people were trying to eat healthy to improve their immunity against the coronavirus, which was driving the market demand for the fresh food packaging.
Market Size
Global Fresh Food Packaging Market on the basis of region is segmented as North America, South America, Europe, Middle East, and Africa, and the Asia Pacific.
Asia Pacific region is expected to grow at a fast CAGR during the forecasted period. This can be attributed to the rising disposable income, increasing population and burgeoning demand for fruits & vegetables, poultry & meat products across the globe. The rising demand and shift of consumer demand towards healthy lifestyle and high purchasing power is expected to increase the demand in the region. For instance, on World Idly Day, iD Fresh Food, one of India’s giant fresh food brands, announced the launch of a Giant Home Kitchen which is a state-of-the-art facility and one of the world’s largest Idly and Dosa batter preparation and packaging plant in Anekal, Karnataka. The investment in this plant is close to INR 40 crores.
Fresh food packaging market by Type is segmented as Plastic, Paper and Board, Glass, Metal and Others. Convenience food include chopped vegetable bags, single-serve salad packaging, salad bags and fresh herbs packs which require different types of packaging materials.
While by Application, the fresh food packaging is segmented as Poultry and Meat Products, Dairy Products, Produce (Vegetables and Fruits), Sea Food and Others. In the emerging markets of MENA and BRICS, the increasing demand for such food items is increasing as the demand for the convenience and ready-to-eat products are driving the fresh food packaging market.
For instance, Bemis Company, Inc. provides flexible packaging solutions. The prominent players in the market are adopting various strategies such as mergers and acquisitions, collaborations, expansion, etc. to maintain their position in the market and to meet the rising demand for fresh food packaging material.
Restraints
The issue and impact faced during the disposing of the packaging material such as plastic or glass etc this is being faced by every country globally. The government of various countries are mandating various regulations and restriction regarding the disposal of packaging material which can highly impact the market growth of the fresh food packaging industry. For instance, In Europe, the regulations for plastic landfills are extremely stringent. The European Union expects to achieve ‘zero plastics to landfill’ by the year of 2025.
Another challenge includes the stringent rules and regulations regarding the raw material. Regulations regarding the food packaging to preserve the chemical, sanitary and physical integrity of the contents of the food packaging. For example, in the US, packaging materials that are harmful to health are removed based on analytical chemistry data. According to the European Union (EU), all food packaging materials need to be cleared based on a toxicological evaluation and published regulations, regardless of exposure. Similarly, China's Food Safety Law requires the approval of all food-related products, including food packaging materials.
Packaging
The global fresh food packaging market is expected to augment due to the rise in the consumption of the fresh food products. The demand for the fresh food products are majorly popular in developing countries such as China and India and is expected to grow even further during the forecasted period. After packaging, it takes time for the packaged food to reach the consumers and it might not be fresh and lose its aroma & taste before reaching its destination. To find a solution for this restrain, the industries of food processing are investing in the research and development to introduced new packaging techniques which will aid in increasing the shelf life and maintain the freshness of the contents.
Biosimulation: Computer-Aided Simulation of Biological Process
BlogBiosimulation is referred to as the simulation of the biological process and system by a computer-aided program. It is being extensively adopted for pharmaceutical drug development as a wide application in drug discovery and development. The designed medicine through the simulation is observing its impact on the disease and the body. It is predictive tools which is widely used in the discovery stage to determine the future outcomes of the current experimental trials. Further, there is an increase in investment for research and development which is proving to be the major reason for the growth of the biosimulation market. Simulation Plus acquired Lixoft of Paris in 2020. Lixoft of Paris focus on the designing the software solutions which will help in the reduction of the cost and increasing the rate of the success in the development of the new drug.
However, due to the lack of standardization in the biosimulation in the process of the drug development and discovery and the shortage of skilled labour in the developed countries are expected to restrain the market growth of the biosimulation during the forecasted period.
Some of the players of the biosimulation market are Rhenovia Pharma, Accelrys, Certara, Genedata, Leadscope, Compugen, Archimedes, Simulations Plus Inc., Schrodinger Inc., and Insilico Biotechnology.
The global biosimulation market is estimated to grow at a CAGR of 13.55% to reach US$5,680.595 million in 2026 from US$2,333.475 million in 2019.
Growing Adoption of Biosimulation Software
The regulatory bodies are increasingly adopting the biosimulation software which is expected to drive the market growth. Biosimulation are being widely adopted to assess the disease, model cellular process, and engineer cells. The recent advancement in the biomedical simulation’s development is playing an imperative role in augmenting the overall growth of the biosimulation market. Market players that are operating in the biosimulation market are focusing on enhancing the quality of biosimulation by the introduction of simulation models, leveraging tools and practicing utilization in the software engineering. Model engineering trend have gained the considerable momentum during the past few years and is expected to exhibit impressive growth during the forecasted period. Software engineering is witnessing progress and is expected to largely benefit the development of the biosimulation models in terms of design, construction, error checking, and testing among others.
Market players are expected to address the current underlying issues related to the biosimulation such as reuse, readability and reproducibility. The advancement in the model engineering techniques is expected to play an essential role in the development of the overall biosimulation market during the forecasted period. The increasing demand for the biosimulation market is motivating the major players such as Simulation Plus and Certara to focus on the enhancement of their global presence by adopting inorganic growth strategies.
North America Dominating the Data Monetization Market
The biosimulation market is North America, South America, Europe, Middle East and Africa, Asia Pacific. North America is expected to witness a significant growth in the biosimulation market. The expansion of the pharmaceutical and biotechnology industry, increase in the research and development by the industry of biotechnology and pharmaceutical and the growing use of the personalized medicine are some of the key factors that are driving the market growth of the biosimulation in the region. United States have considerable number of patients in every disease category which is the key reason for the pharmaceutical companies to conduct the clinical trials for the new drug in this region. Moreover, the U.S. Food and Drug Administration (FDA) recommend the simulation process in the drug development and discovery thereby boosting the market growth of the biosimulation in the region. Furthermore, companies involved in the business of delivering biosimulation software and services are expanding their scope in drug discovery and drug development by utilizing advanced tools and better software optimization.
COVID-19 Impact
The biosimulation market faced low impact due to the outbreak of covid-19 and is witnessing growth during the pandemic. Research and development activities are expected to continue during the coronavirus crisis as the medical expert and researchers are exploring the potential of the biosimulation to curb the transmission of the coronavirus. Thus, the demand for the biosimulation solution and platform is expected to witness steady growth during the pandemic. Certara, the global leader in the biosimulation announced its plan in 2020 to develop a new biosimulation platform for Covid-19 vaccines and major enhancement in its immunogenicity and immune-oncology QRS platform. Certara’s mechanistic model helped the researchers to examine how a drug or a biologic is handled by the human body in computer-generated, virtual patients. Schrodinger announced its collaboration agreement with Google Cloud in February 2021. This collaboration will help to accelerate the capacity and speed of capacity of its physics-based computational platform for the discovery of drugs and materials science.