ReleaseWire Connect

The global cereal packaging market is anticipated to gain growth from the rising demand for food packaging. Growth in the global population has significantly increased the food requirement across the world. This has played a major role in increasing the demand for food packaging, which is expected to positively impact the global cereal packaging market. Food companies are observed to introduce new products with innovating packaging that reflects the food values of their customers and also inspires them.

The demand for medical flexible packaging is foreseen to increase on the back of its high adoption due to a number of advantages such as product protection, easy shipping, and low wastage. The rise of the medical device and pharmaceutical industries is expected to further push the demand for medical flexible packaging. Vendors are anticipated to consider acquisition as a strategy for expanding their product portfolios. In April 2019, Tekni-Plex, a US provider of medical tubing and packaging for medical devices, signed the acquisition of three flexible packaging manufacturing facilities of Amcor, an Australia-based global packaging company.

High spending on pets in key regions such as North America is prophesied to help the global pet care market to expand in the coming years. This is particularly observed in the US where people consider pets such as dogs and cats as a part of their family. According to a press release by the American Pet Products Association in March 2019, Americans spent a record-breaking high of $72.56 Bn on pet care in 2018. This was a 4% jump from the US pet care spending in the previous year. The annual industry-wide pet care spending figures for the US covered live animal purchases, veterinary care, OTC medications, pet food, and other services.

In the past few years, manufacturers functioning in the packaging industry are focusing on adopting biodegradable packaging materials. The key reason for this changing trend is increasing awareness about preserving the environment and availability of recyclable choices. There is a wide range of materials that come under the category of biodegradable packaging that hold the characteristics of degradation and decomposition into natural material. Bio-based biodegradable materials are basically biopolymers, which is extracted from microorganisms and plants.

Writing is a medium to express thoughts, ideas, expression, and feelings. To consolidate the human emotions writing plays a very important role. A writing instrument is an object used to produce writing. These instruments are used for painting, drawing, and technical drawing. Smooth writing is a basic function of Writing Instruments. The education sector has witnessed a remarkable transformation from the past few years. Manufacturers are adopting the changing scenarios at a faster pace by mean of product differentiation. Technological advancements are also supplementing the market growth.

Demand for alternative lending is not only foretold to come from large businesses but also SMEs. Institutional and private investors are mostly observed to provide loans to SMEs via alternative lending options such as crowdfunding. Private investors are also making investments through marketplace lending platforms where they can find businesses in need of loan services and provide loans at their appropriate interest rates. Some of the significant market indicators for alternative lending are internet penetration, GDP, number of households, telecommunication, consumer spending, and population growth.

The global enterprise digital rights management market is forecast to grow at a healthy CAGR due to a number of crucial factors such as increasing launch of new information and communications technologies. Security solutions offered by enterprise digital rights management companies are observed to have largely developed in terms of performance and scalability. Importantly, these solutions have been in compliance with various industry and government laws and regulations.

QYR Consulting has announced a release of a new report titled, "Electric Shuttle Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025." The factors which are driving the demand for Electric Shuttle are increasing awareness about greenhouse gas emission, incentive, availability of tax benefit, and government support. The electric shuttle was traditionally used for short-distance transportation across the theme park, national park, stadiums, golf course, wineries, and airport. Additionally, Electric Shuttle is acquiring steady application in public transport. With the increasing pollution levels and natural resource scarcity, penetration of Electric Shuttle is expected to grow remarkably in the years to come. Adoption of battery powered vehicles in the automobile industry is prophesied to grow outstandingly in the forecasted period. Heavy investment by Electric Shuttle manufacturers leads to open a new window for opportunities in the automobile sector.

The Guar Gum Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.

QYR Consulting has once again come up with a new publication titled, "Global Kombucha Market Report, History and Forecast 2014-2025," for the forecasted period of 6-years, i.e. between 2019 and 2025. According to this report, the global Kombucha market is prognosticated to grow at a faster pace in the years to come. Kombucha is extracted from the Symbiotic Colony of Bacteria and Yeasts (SCOBY) sugar, tea leaves, and flavors. Factors such as increasing health awareness, alternative for aerated drinks, and innovation are fuelling the potential growth of the Kombucha market during the forecasted period. The growing demand for homemade drinks is one of the significant reasons that the global Kombucha market is anticipated to register a remarkable CAGR in the years to come. Kombucha market is attracting big players operating in the beverage industry to invest in and expand across the globe.