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Deflectable catheters are used for minimally invasive procedures such as coronary interventions and electrophysiology applications. Due to the upgradation of technology, the core tip can deflect at a certain angle. According to the latest research by FMI, the global deflectable catheters market is expected to account for more than US$ 2,400.0 Mn in terms of value by the end of 2029. The deflectable catheters market report also projects a significant growth potential in the market with a CAGR of ~ 4% during the forecast period.
The current adoption pattern among healthcare professionals favour the use of reposable medical devices, a trend that is most certainly observed in developing countries, to complement the cost factor and availability. In contrast, most of the deflectable catheters used are one-time use products. Factors like blood, debris prevent using reposable deflectable catheters in operations as critical as electrophysiology.
The usage of reposable deflectable catheters is significantly higher in developing economies with inadequate resources, where the cost of treatment can be significantly high, which is unfavourable for patients from poor backgrounds. The present cost structure with the use of reposable deflectable catheters makes it feasible for a sizeable population to opt for low-cost treatment options, which help boost the adoption rate, and thereby expand the consumer pool.
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At present, there are only a few companies offering reposable deflectable catheters, and none of the major players are into developing reposable devices. As per the report, a comparatively smaller company, CathRx, has a similar reposable product, Khelix, which is considered to be the first ‘reposable’ diagnostic and therapeutic catheter for the treatment of cardiac arrhythmias.
The affective adjustments and development observed in the parent market influences the deflectable catheters market. The recent trend of involving digital methods for diagnosing cardiac problems is also changing the treatment pattern. All these trends are more governed by the top market leaders in the cardiology market. With abundant resources and investment plans, they manipulate the industry in a way in which no other smaller or regional manufacturer is capable of keeping pace with them.
The trend of acquisition and forming a strategic partnership is positive delivering financial results. For example, Abbott’s acquisition of St. Jude Medical resulted in the consolidation of the 2nd and 4th largest cardiology market players. Moreover, the acquisition of specific treatment technologies has also been observed in the deflectable catheter market, and there has been an increase in the number of players expanding their product portfolio for the treatment of atrial fibrillation/atrial flutter.
On the basis of product type, the deflectable catheters market has been segmented into uni-directional deflectable catheters, bi-directional deflectable catheters, and multi-directional deflectable catheters. Bi-directional deflectable catheters lead the market due to their high adoption rate and availability.
Based on application, the deflectable catheters market has been segmented into coronary interventions, electrophysiology, diagnostics imaging, and peripheral interventions. In terms of revenue, the electrophysiology segment is expected to have a major share in the deflectable catheters market due to an increase in the number of procedures being carried out by deflectable catheters.
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On the basis of end user, the deflectable catheters market has been categorised into hospitals, office-based clinics, ambulatory surgical centres, and independent catheterisation labs. Independent catheterisation labs are expected to witness significant growth, which is driven by an increase in the number of the same.
Some of the key players in the deflectable catheters market include Medtronic Plc, Merit Medical Systems, JOHNSON & JOHNSON, Teleflex Incorporated, Boston Scientific Corporation, Biomerics LLC, OSYPKA AG, Abbott, Japan Lifeline Co., CathRx Ltd., and Biotronik SE & Co. KG.
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Global pharmaceutical packaging demand surpassed the revenues worth US$ 75 Bn in 2018. According to a new research intelligence outlook of Future Market Insights (FMI), the pharmaceutical packaging market is set to demonstrate healthy Y-o-Y growth in 2019, by more than 5%.
Bottles, with the current share of over a third of the market value, are envisaged to remain highly sought after as a type of packaging for pharmaceutical products. The report also highlights that packer bottles continue to represent higher popularity over liquid bottles. Furthermore, blisters and vials & ampoules will remain the next most preferred types of pharmaceutical packaging, particularly driven by HDPE and LDPE.
Emerging Economies Hold the Hotbed of Opportunities
While the relatively lesser penetration of cutting-edge technology enabled healthcare services and still-to-improve delivery healthcare infrastructure have been limiting the growth of market in developing Asian countries, it is highly likely that the same will attract several investments in the near future. China, India, and other fast-developing economies across APEJ have reflected significant progress in the healthcare and medical infrastructure, over the past two decades.
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The Chinese government has heavily invested in the construction of hospitals, clinics, and centers. The report opines that this scenario will create multiple growth opportunities for pharmaceutical packaging manufacturers during the course of coming years.
New Product Launches in Line with Surge in Sustainability Demand
Packaging manufacturers operating in the pharmaceutical packaging market will remain focused on the supply chain distribution, for better capturing the newly emerging market opportunities. Defined strategies such as outsourcing supply chain to third-party distributors are likely to emerge as the top developmental plan of companies for identification of existing loopholes and the efficient transport routes. Several packaging companies are also investing in long-term partnerships/contracts with distributors and sterilization service providers to generate higher sales volume and thereby increase market share in the pharmaceutical packaging industry.
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Key players profiled in the report titled pharmaceutical packaging market include – Amcor Limited, Schott AG, Gerresheimer AG, Berry Global, Inc., Klockner Pentaplast Group, Becton, Dickinson and Company, Catalent, Inc., Parekhplast India Ltd., Ardagh Group S.A., West Pharmaceutical Services, Inc., Uflex Ltd., ACG Pharmapack Pvt. Ltd., Bilcare Limited, Wipak Group, Mondi Group Plc, Sealed Air Corporation, Constantia Flexibles Group GmbH, Clondalkin Group Holdings B.V., Westrock Company, Piramal Glass Limited, and Bemis Company, Inc.
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Prominently driven by sustained applicability in construction industry, stretch hood films consumption is accounted for the revenues of around US$ 680 Mn in 2018. At an estimated 5% yearly growth in the 2019 revenues, the global market for stretch hood films will see a promising growth outlook over the next few years. FMI's analysis indicates that sales of stretch hood films will further surge with emergence of application opportunities in chemicals and fertilizers, and food and beverages industries.
With more than 65% share in the stretch hood films market value, PE (polyethylene) will remain a preferred material among stretch hood films manufacturers. The report attributes primacy of PE over other material types to the excellent endurance and cost efficiency of PE. According to the report, the demand for LLDPE (linear low-density polyethylene) will particularly remain high owing to superior mechanical attributes. Moreover, research has proven that the use of metallocene LLDPE is found to possess higher endurance and better dart impact resistance, making at an ideal raw material for multi-layered stretch hood films.
Stretch Hood Films Ideal for Versatile Packaging Applications
Stretch hood films are advanced palletizing films used automatically with stretch hood machines. Here, stretchable, gusseted polyethylene hood is applied to a pallet or products which are to be palletized. Stretch hooding method of pallet packaging is a fully automatic process and provides multiple advantages such as high speed, operating costs, reliability, and boosted performance over other pallet packaging methods.
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Innovative Product Offerings to Push Investments by Manufacturers
Some of the key players profiled in FMI’s stretch hood films market report include Coveris Holdings S.A., Muraplast d.o.o., Gebr Duerrbeck Kunststoffe Gmbh, Aalmir Plastic Industries, NPF Polyfilms Pvt Ltd, UAB Umaras, Sigma Plastics Group, Integrated Packaging Group Pty Ltd, Novolex Holdings, Inc., Shields Bag and Printing Co., RKW Group, Manuli Stretch S.p.A, Trioplast Industrier AB, AEP Industries Inc., Muller Load Containment Solution, Thrace Synthetic Packaging Limited, and Rosenflex (UK) Limited among others.
Stretch hood is the latest palletizing technology that offers the most comprehensive benefits when compared to other pallet unitization methods. In recent years, stretch hood film manufacturers have not only improved packaging quality and technique but also the quality of raw materials used to ensure better performance. Stretch hood film manufacturers are nowadays working on the production of stretch hood films with reduced thickness and more elasticity.
It is highly likely that the increasing opportunities created by innovative product offerings will evoke established players to invest in product development activities in order to produce high-performance stretch hood films. Effective load stability and high elasticity properties of stretch hood films have created an opportunity to cater to end-use industries such as construction, food & beverages, textile, and shipping.
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The Asia Pacific excluding Japan (APEJ) region has been a significant market for stretch hood films manufacturers, which has been attributed to the robust growth of the region’s manufacturing industry. Rapid progress of manufacturing, construction, automotive, and other end-use industries within the region will further boost demand for stretch hood films, according to the report. Led by the US, North American market for stretch hood films will account for more than 1/4th of the overall stretch hood films consumption, as projected by the report.
(Added: Mon Jul 15 2019 Hits: 0 Rating: 0.00 Votes: 0) Rate ItDiscontinued items have been removed and new items added to this John Wayne collectible site.
Clinton Township, Michigan – First, there are numerous products that have been removed from the site because they are no longer available. These include: the 2019 John Wayne Calendar, the John Wayne knife, the John Wayne Bottle Huggie, and the John Wayne Fine Morphing Mug.
Several items have been added. The first two are T-shirts. The first on is the John Wayne Legend T-shirt and the second is the John Wayne Giant Shadow T-shirt.
The third item is also a clothing item, the John Wayne Replica Vest, with leather ties and a cotton lining.
The fourth item is a John Wayne Treasures Book loaded with memorabilia.
The fifth item is a John Wayne Cowboy standup. A cowboy is one of John’ typical roles and this standup can be there to remind you of him.
The John Wayne M1873 Army Pistol is the sixth item to be added to the site. This replica is a cap gun (and caps are not included).
The seventh and eighth items are the John Wayne American Hero License Plate and the John Wayne True Courage Gold Proof Coin.
To learn more about these new John Wayne collectible items and others, visit: http://www.JohnWayneCollectables.com
The John Wayne Collectibles site was created by Imagine Something Worthy LLC.
About:Contact:
Wayne McDonald
Imagine Something Worthy, LLC
42211 Garfield Road, PMB 123
Submitted by: Imagine Something Worthy, LLC.
http://www.imaginesomethingworthy.com

Consistent demand for functional ingredients complementing the flavor and texture profile of end-use products is anticipated to be the major push factor driving global micellar casein consumption. At an estimated steady growth in the revenues at 6.1% CAGR between 2019 and 2029, the micellar casein market is highly likely to see promising growth outlook in coming years.
Dairy-deficit Regions Driving Imports of Micellar Casein
In sharp contrast to its demand, milk is not uniformly produced across the globe, leaving a large number of countries with a dairy deficit. This deficit, in turn, leads to high imports of dairy ingredients such as micellar casein from regions such as Australia, New Zealand, the US, and the EU. The impact of this deficit and the level of imports are particularly high in various emerging economies such as China, Indonesia, Mexico, and Russia.
Opportunity for the growth of the micellar casein market is also mediated through imports as China happens to be the largest importer for dairy products and dairy ingredients.
Increasing Use of Micellar Casein in Fresh Dairy Products and Beverages
Competitors in processed dairy products are banking on the quality of their products. Micellar casein is well-fitted with texture and taste reforming characteristics which enhance quality. Apart from its high, natural protein content, micellar casein also offers a neutral taste that preserves the original taste profile of these processed products. Micellar casein provides uniform texture that is almost similar to that of milk. Hence, the quest to deliver better quality products is also driving the growth of the micellar casein market.
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Nutritional beverages contain added nutrients and generally rely heavily on claims made by end-product manufacturers and the benefits offered by the natural, additive-free nature of micellar casein. Hence, fortified beverage offerings represent another segment where micellar casein market is foreseen to witness high growth.
Advanced Technology-enabled Easy Manufacturing Techniques Gaining Preference
Micellar casein is separated from milk using various membrane filtration methods, which is a relatively new technology that enables the production of un-denatured proteins that are free from any chemical processing or additives. The commonly used membrane filtration methods used for the production of micellar casein include microfiltration, ultrafiltration, nanofiltration, and reverse osmosis.
The use of ultrafiltration is particularly high in the production of micellar casein. Ceramic membranes, with pore sizes ranging from 0.1 to 0.2 µm, are the most commonly used membrane type for filtration of micellar casein. These processes provide several benefits to producers, as they avoid denaturing of the protein, thereby allowing cost-effective production of native proteins.
E-commerce Expanse to Benefit Smaller Manufacturers in Micellar Casein Industry
The adoption of directly consumable micellar casein is also on the rise. Online platforms enable consumers to access various new ingredients such as protein isolates and micellar casein, 24/7, globally. FMI’s analysis suggests that the flourishing online platforms will create a heap of profitable opportunities for Small-scale micellar casein manufacturers, which otherwise are facing several market entry barriers, particularly pricing pressure and high marketing costs.
Severe Competition from Other Protein Ingredients
Micellar casein is relatively new and as such faces intense competition from dairy-based, animal-based, and plant-derived protein ingredients. Micellar casein is relatively more expensive than other milk proteins, which may compel food manufacturers to opt for cheaper alternatives. This, coupled with a growing interest in natural or plant-derived proteins such as pea protein, is a factor expected to restrain the growth of the global micellar casein market to a certain extent over the forecast period.
The other aspect of this competition is the high similarity between milk protein concentrate/isolate and micellar casein. Both products are produced by membrane filtration methods and contain almost similar amounts of casein but differ in the presence of whey proteins.
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Owing to high quality and unique preparation method, micellar casein is expensive than other dairy ingredients, which may negatively impact the growth of the market in the long run, particularly for end-use manufacturers based in emerging economies.
The report on global micellar casein market covers in-depth strategic profiles of some of the most prominent players, including ProteinCo, Idaho Milk Products, Inc., Milk Specialties Global, AMCO Proteins, Ingredia SA, Nutrimed Healthcare Private Limited, FrieslandCampina Domo, Nutrend D. S., and Freedom Foods Group Limited.
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According to a new study of Future Market Insights (FMI), the submersible pumps sales in 2018 closed in on 9,300 thousand units, and is estimated to record a Y-o-Y growth at 4.0% in 2019. Growth of the submersible pumps market remains influenced by various factors, ranging from growing government investments in water and wastewater treatment, to increasing number of onshore and offshore oil exploration and production activities.
According to the study, submersible pumps sales in the water & wastewater treatment are estimated to account for nearly 50% market share in 2019. Greater suitability of submersible pumps in water, wastewater, sewage, and sludge containing fibrous and solid material, as well as gaseous liquids, continues to underpin their sales. Key players in the submersible pumps markets have introduced products that facilitate installation, and feature automatic temperature and seal monitoring in real-time.
The study finds that tertiary recovery methods have gained significant momentum in the oil & gas industries, and submersible pumps, electric submersible pumps in particular, play a vital role in these methods. As the oil & gas exploration activities are near maturity, these methods are being viewed as more feasible and economical among industry players.
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Borewell Submersible Pumps Remain Sought-after
The report estimates larger sales of borewell submersible pumps, compared to other variants, in light of their greater effectiveness in groundwater extraction across various application areas including domestic, industrial, and agriculture. Borewell submersible pumps are estimated to account for over 5 in 10 sales in 2019, according to the study. Openwell submersible pumps are also expected to hold significant shares of the market over the period of forecast.
Sensing varied requirements of end users, submersible pump manufacturers have introduced products with different head mechanisms, which range from 50 meters to above 100 meters. Submersible pumps with the head mechanism of above 100 meters will continue to remain preferred, on account of their enhanced operational capability.
East Asia Remains Most Lucrative Market for Submersible Pumps
The study finds that East Asia will continue to remain the leading market for submersible pumps, with China at its forefront. Influx of investments in infrastructure projects, along with the robust mining, oil & gas, and agriculture activities in China are key aspects fueling sales of submersible pumps in the country. The study expects Europe to account for a significant share in the submersible pumps market, and South Asia to be the high-growth market for submersible pumps, underpinned by the rapid economic developments in its developing nations such as India.
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The submersible pumps market continues to remain fairly fragmented in nature, owing to the presence of a large number of players competing for shares. Competition in the submersible pumps market is likely to intensify as key vendors include IoT enabled products in their portfolio to facilitate troubleshooting and remote access to oilfield equipment. Key player operating in the submersible pumps market include KSB AG, Flowserve Corp, Sulzer AG, Ebara Corporation, Weir Group Plc., Xylem Inc., Wilo SE, Kubota Corporation, Wacker Neuson Group, Atlas Copco Group, Tsurumi Manufacturing Co., Ltd., Ingersoll-Rand plc, and Kirloskar Brothers Ltd., among others.
This FMI study also offers forecast of the submersible pumps market for the period between 2019 and 2029. The submersible pumps market is projected to record a CAGR of approximately 5.0% through 2029.
(Added: Thu Jul 11 2019 Hits: 1 Rating: 0.00 Votes: 0) Rate ItFuture Market Insights (FMI) recently published a new report, titled, 'Automotive Display Units Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029.” The value of the global automotive display units market was approximately US$ 12 Mn in 2018. The automotive display units market is predicted to grow at a prominent CAGR of around 8.0% during the forecast period. Full digital and navigation display systems will play a vital role in generating market revenue in the automotive display units market, according to FMI’s analysis.
Head-Up Display Mark an Emerging Trend
In the current market scenario, technological advancements in automotive display units are estimated to become more important due to increasing penetration of navigation display systems, software, and various display technologies in automobiles. Moreover, automakers are focusing on head-up display and navigation systems in their vehicles in order to increase safety features.
Automotive display manufacturers have developed technologies such as TFT LCDs and AMOLEDs, which can be used in low ambient light conditions and enhance the vehicle safety. These technologies offer various advantages such as vehicle safety, high resolution, larger display size, high heat-resistance, and lighter than a liquid crystal display (LCD) feature.
Furthermore, stringent safety rules and regulations in countries such as Germany, the U.S., France, and Italy are compelling automotive manufacturers to raise the safety standards in their vehicles. To improve vehicle safety, automakers are trying to implement digital rear view mirrors and a pillar mirror to reduce the blind spots for vehicles, which is expected to support the demand for TFT, LCD, and AMOLED displays in the automotive display units market.
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The growing sales of premium LCVs and HCVs in developed and developing economies are estimated to boost the growth of the automotive display units market. China is expected to be a prominent market in the global automotive display units market over the forecast period in term of volume, owing to the increasing demand for passenger cars from the middle-class population.
Moreover, government initiatives to promote the manufacturing sector in developing countries such as India are expected to further create opportunities in the automotive display units market. These factors are expected to directly impact the growth of the automotive display units market during the assessment period.
China and India to Create Significant Growth Opportunities
This global automotive display units market report observes that, East Asia is estimated to hold a prominent share in the global automotive display units market during the assessment period. Due to increasing vehicle production and rising vehicle safety standards, the demand for automotive display units is increasing across the globe.
China is estimated to hold a significant share in the East Asia Automotive Display Units market, and drive the growth of the region, while growing at a CAGR of nearly 10% in terms of value, between 2019 and 2029. This automotive display units market report studies the concerned markets across various regions, including North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa.
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Global Automotive Display Units Market: Competitive Landscape
Some of the key players involved in the manufacturing of automotive display units, and included in this study are Robert Bosch GmbH, LG Displays, Panasonic Corporation, Denso Corporation, Magna International Inc., Valeo Sa, Delphi Automotive Plc, Continental Ag, Kyocera Corporation, Japan Display Inc., Au Optronics, and Pioneer Corporation, amongst others.
(Added: Thu Jul 11 2019 Hits: 0 Rating: 0.00 Votes: 0) Rate ItThe approximately US$ 200 million market for 3D motion capture technology is set to witness strong growth over the forthcoming years. Up from the revenues attained in 2018, the 3D motion capture market is likely to see more than 13% Y-o-Y growth in 2019. As depicted in a new study of Future Market Insights (FMI), over 40% of overall demand for 3D motion capture will be accounted by hardware, followed by software.
While increasing availability of low-cost 3D motion capture systems with limited free accessible software is likely to further push demand for 3D motion capture software in the market, the report also points to robust growth outlook for 3D motion capture technology services in forthcoming years. Driven by high-accuracy delivery, sales of optical 3D capture systems will remain dominant over non-optical 3D motion capture systems, according to the study.
Media & Entertainment Generates 1/5th of Total Demand
Further, 3D motion capture technology also continues to find prominent application in the medical industry and biomedical research, particularly, in research in the fields of psychology, neurology, rehabilitation, and posture analysis. While adoption of 3D motion capture technology will also prevail at a high pace in the industrial and engineering design areas, the report suggests that adoption will be particularly high for military training applications.
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Unlike other frame-by-frame animation methods, the 3D motion capture technology is associated with a thorough interpretation of the actor’s movements, at considerably reduced costs. The data volume generated by the 3D motion capture process is significantly large when compared to other animation technologies, which facilitates the generation of effective animations – especially for film producers and game developers for the procurement of the efficient 3D motion capture equipment.
However, 3D motion capture technology can only be used to record and animate motion that follows the laws of physics. Moreover, 3D motion capture systems require specific space dimensions, which vary as per the magnetic interference and the angle of the camera. For small-sized production companies, the heavy equipment costs, along with the added cost of professionals required for efficient operations, constitute a major challenge. According to FMI’s analysis, this is a significant factor likely to restrict the growth of 3D motion capture market during the forecast period.
Media & Entertainment Industry’s Headway in Asian Economies to Favor Market
Advancements in the media and entertainment industry have revolutionized the adoption of 3D motion capture components in various developed as well as developing regions. To keep up with the growing demand for efficient animation equipment in the South Asia, East Asia, and MEA regions, several 3D motion capture platform providers have started investing heavily in these regions. Established as well as growing 3D motion capture platform providers are highly likely to remain focused on business expansion across untapped developing countries.
Moreover, 3D motion capture system vendors are offering 3D motion capture equipment that has the ability to track complete three-dimensional measurements via a single camera. Such 3D motion capture equipment offers extreme accuracy and is capable of detecting ankle, knee, and hip rotations in all three planes. These 3D motion capture systems are being used in kinesiology research and biomechanics to enhance performance in athletes, determine the source of balance issues in chemotherapy patients, and identify risks of injury in the workplace.
In line with the technological upgrades within the biomechanical research and medical industries in developing Asian markets, the South Asian and East Asian regions are creating new business models for 3D motion capture platform providers. Some of the key players in 3D motion capture market are also focusing on increasing their market shares through strategic partnerships and joint ventures with regional players. On the other side, some of the key companies are opting for strategic M&A for forming up the global market presence.
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FMI’s report has profiled some of the prominent companies actively competing in the global 3D motion capture market landscape, including Rokoko, IKINEMA, Tracklab (Organic Motion), Noitom Ltd., OptiTrack (NaturalPoint, Inc.), Codamotion, Motion Analysis, Qualisys AB, PTI Phoenix Technologies Inc., Vicon Motion Systems Ltd, and Xsens.
(Added: Thu Jul 11 2019 Hits: 3 Rating: 0.00 Votes: 0) Rate ItBag closure sales closed in on around US$ 170 million in 2018, and are likely to witness annual expansion a moderate 4.5% in 2019. Future Market Insights (FMI) offers valued insights on the global bag closure market, in a recently published market intelligence outlook.
While plastic is still the preferred material among manufacturers of bag closures market, the report opines that materials based on paper and paperboard will gain prominence in forthcoming years, in line with the rising quest for sustainability.
Reusability of Twist Tie Bag Closures Gaining Ground
Overall, the outlook for the global bag closure market is expected to be positive over the course of next few years. Bag closures such as clip bands are available in two categories- paper clipband and plastic clipband. Bag closures such as pre-cut twist ties/strips, are usually used with bags/wraps/pouches as a cost-effective sealing/closure solution. Bag closures have broader applications in industrial bakeries and confectionery units. Tin-tie bag closures are mainly used with block bottom bags and doypacks, and are also ideal for packaging of coffee & tea.
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Over the years, bag closures have emerged as a better alternative to plastic bags. For instance, in 2014, Arnold Foods Company, Inc., a popular supermarket brand catering bread and bread products in the US replaced little plastic clips/tags with a twist tie bag closure. Twist tie bag closures are largely reusable by nature, and provide the same kind of performance as that of a plastic bag.
However, twist ties offer relatively better bag closure by keeping the air out of the bag. Moreover, bag closures are able to permit the use of metal detectors on food packaging lines and thus, ensure the safety of packaged product with a metal-free guarantee. Moreover, bag closure re-usability and effectiveness compared to other alternatives such as plastic bag clips, was appreciated by its customers. The advantages of lightweight bag closures are better size control, shorter cycle time, less effect of colorants on shrinkage, and lower operating torque.
Bag Closure Clips Selling Higher than Pre-cut Twist Ties
The rising use of easy-to-apply & reclosable bag closures in food, as well as non-food product applications across developing economies like China, India, and ASEAN is expected to create a positive impact on the global bag closure market. This fact has also supported the boom in the packaging industry across these countries. South Asia is expected to represent an incremental opportunity of US$ 20.9 Mn and expand by around 2.7X of its current value by the end of 2029.
The market for bag closure in terms of product type, is classified as clips and pre-cut twist ties. The clips segment in terms of revenue is expected to hold a significant market share and is expected to have steady growth. However, the pre-cut twist ties product segment is expected to expand at a higher CAGR as compared to the other segment during the forecast period.
In terms of market share and incremental opportunity, the plastic segment is expected to dominate the global bag closure market. Polystyrene is anticipated to be the most attractive plastic material segment during the forecast period in the bag closure market. However, the paper & paperboard material segment in the bag closure market is expected to gain traction among food brands, for product packaging.
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Leading players in the bag closure market are expanding through inorganic and organic strategies, particularly production facility expansion and new product launches. Some of the most prominent competitors in the bag closure market are Plas-Ties, Co., Kwik Lok Corporation, Schutte Bagclosures B.V., Bedford Industries, Inc., Multipack B.V.B.A., International Plastics Inc., Inno Bag Closures, Truseal (Pty) Ltd., Vikela Aluvin Pty Ltd., ITW Envopak Limited, T & T Industries Inc., Zhenjiang Hongda Commodity Co., Ltd., AndFel Corporation, Detmold Group, A. Rifkin Co., and HSA International Group.
(Added: Wed Jul 10 2019 Hits: 2 Rating: 0.00 Votes: 0) Rate ItThe market for safety sensors and switches in ASEAN countries is likely to grow by more than 8%, yearly, in 2019. As depicted in a new research study of Future Market Insights (FMI), adoption of safety sensors and switches across the ASEAN industries will be prominently driven by those based in Indonesia, Malaysia, and Thailand. FMI has positioned Philippines and Vietnam as high-growth economies in the region's safety sensors and switches market.
Safety sensors and switches are being installed almost everywhere, especially in manufacturing and processing industries such as automotive, oil & gas, pharmaceuticals, and food and beverages, where the risk of institutional and personnel damage is high. The high demand from these industries due to personnel safety regulations is expected to push the growth of the safety sensors and switches market within the region.
Automotive & Aerospace Industry Generating Notable Demand
According to the report, the oil & gas industry's resurgence, soaring utilization of heavy duty machinery across verticals, and thriving pace of industrial automation and Industry 4.0 adoption will collectively necessitate the demand for streamlining of safety and security measures, thereby driving the revenue of ASEAN's safety sensors and switches market.
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Currently, over 60% of overall demand for safety sensors and switches is underpinned by the industrial end use sector, a third of which is accounted by the automotive and aerospace industry, followed by food and beverages industry operators. FMI's analysis reveals that oil & gas, metal & mining, and packaging industries will demonstrate high growth potential in the near future, in terms of adoption of safety sensors and switches.
The report attributes surging installations of safety sensors and switches across industrial space to the tightening regulatory framework related to workplace safety and security, particularly for industrial workers. ASEAN economies are looking forward to levy stringent safety regulations in the case of industries and commercial spaces to avoid any kind of damage or loss to property or life. This according to the report has created a potential opportunity for the safety sensors and switches market.
Categorically, among all safety sensors and switches, pressure sensors and transducers are likely to hold a revenue share of over 2/5th of the total market value. The report prompts at a substantial incremental opportunity for electromagnetic relay, in forthcoming years, attributing the same to climbing sales of consumer electronic devices, cost-effective maintenance, and wide applicability of electromagnetic relay. The demand for emergency stop controls, pressure sensing safety sensors, and other safety devices will particularly gain momentum, as a result of rapid industrialization across leading ASEAN countries.
Moreover, while new installations of safety sensors and switches account for just-under 80% of the ASEAN's total market value, FMI opines that the preference of end-use industries for new installation over retrofit will prevail in years to come.
ASEAN’s Manufacturers Facing Pricing Pressure
ASEAN market competition has been witnessing incessant support from prominent safety sensors and switches market participants based overseas. All the manufacturers are competing against each other as well as with foreign players in the machine safety products market to firm up in the marketplace. Moreover, several start-ups have been considering sustainability as a key area of focus in the safety sensors and switches development. According to FMI’s analysis, this increasing competition scenario is imposing a negative impact on the price setting strategy, which is compelling manufacturers of safety sensors and switches in the ASEAN region to deliver offerings at lower prices.
In an effort to remain at the edge of stiff market competition, key players have been prioritizing a set of parameters such as accuracy level, operational life, and brand value, while designing and engineering new safety sensors and switches.
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The safety sensors and switches market report profiles some of the key companies that are operating in the ASEAN safety sensors and switches market, including Schneider Electric, Honeywell International, Emerson Electric Co., Eaton, Carlo Gavazzi Automation S.p.A., OMRON Corporation, OMEGA Engineering, WIKA Alexander Wiegand SE & Co. KG, TE Connectivity, VEGA Instruments Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments, Infineon Technologies AG, Murata Manufacturing Co., Ltd., Panasonic Corporation, Phoenix Contact, KEYENCE Corporation, and ZEBRA.
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