Precipitated Silica Market Worth $3.34 Billion By 2025

The global precipitated silica market size is anticipated to reach USD 3.34 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 7.9% during the forecast period. Increasing utilization of the product in tires to enhance tire tread wear resistance and adhesion, is the major factor driving the growth. Substitution of carbon black with precipitated silica on account of its eco-friendly nature is anticipated to fuel the market.

Application of the product in agrochemicals is expected to witness a considerable growth on account of its extensive usage as free flow agent. Increasing use of precipitated silica owing to its absorption ability and improved chemical stability is expected to drive demand from the agrochemicals market.

Growing use in food industry on account of its superior absorption, high purity, and anti-caking property is expected to fuel demand for precipitated silica over the forecast period. Precipitated silica is used extensively in food applications including edible salt and powdered food products. It helps enhance product consistency through automated dosing of vegetable and fruit extracts, preservatives, and nutrients.

In agrochemicals, the product is used as an active ingredient carrier in pesticide manufacturing. It enables consistent and high loading of chemically active ingredients in various agrochemicals including fungicides, insecticides, and herbicides. In addition, the product is used as a process aid for urea and chemicals owing to its anti-cracking properties.

Increasing use of the product in toothpaste industry as a cleaning and thickening agent is expected to drive growth of the precipitated silica market over the forecast period. The product is used in oral care applications to provide effective cleaning and polishing performance. It is used in toothpaste formulations, primarily on account of its whitening and cleaning properties, to meet dentifrice requirements.

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https://www.grandviewresearch.com/industry-analysis/precipitated-silica-market

Further key findings from the report suggest:

Rubber application held the highest market share of 52.7% in terms of revenue 2018 owing to huge demand from tire manufacturers
In terms of volume, agrochemicals was the second largest application with a market share of 12.9% in 2018. Its growth is mainly driven by increasing demand for efficient agrochemical processing techniques
Asia Pacific led the precipitated silica market with a revenue share of 43.4% in 2018 owing to massive production of tires and increasing construction activity in the region
In terms of revenue, Central and South America is estimated to register a CAGR of 8.4% over the forecast period on account of economic recovery in the region
Evonik Industries, Solvay SA., and PPG Industries, are the key manufacturers in the market. Capacity extension owing to rising demand and price modification on account of volatility in raw material prices are the major strategies adopted by the top players.

Cold Form Blister Packaging Market Worth $8.63 Billion By 2024

The global cold form blister packaging market is expected to reach USD 8.63 billion by 2024, according to a new report by Grand View Research, Inc. Rising utilization of packaging materials that offers optimal protection and safety allowing to extend product shelf life is projected to boost market demand over the forecast period.

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

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

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http://www.grandviewresearch.com/industry-analysis/cold-form-blister-packaging-market

Further key findings from the report suggest:

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

Aseptic Packaging Market To Reach $85.47 Billion By 2024

The global aseptic packaging market is expected to reach USD 85.47 billion by 2024, according to a new report by Grand View Research, Inc. Aseptic packaging allows the end –users to meet the consumer demand for sterile and safe food and pharmaceutical products. The technology offers extended shelf stability at ambient temperature, which eliminates the need for refrigeration. As a result, aseptic packaging is expected to witness high demand from the foodservice entities and retailers.

The aseptic packaging manufacturers supply their product either in the form of rolls or blanks. The roll-fed filling technique dominates the market and has been adopted by the major manufacturers such as Tetra Pack. Whereas, companies such as Elopak and SIG have adopted the blank filled systems. These two technologies are not interchangeable since the process and equipment associated with these two methods are different. As a result, buyers are unable to switch from one process to other. High capital investment is likely to be a key restraining factor for the industry.

Investment, Divestment, capacity expansion and new product development are the key strategies adopted by the major players in order to strengthen their position in the market. The industry players are likely to invest more on R&D and innovation owing to continuously changing demand from end-users in terms of product quality, performance, and appearance. The major manufacturers are likely to adopt acquisition strategies in order to meet the rising consumer demand and cope with the new technologies.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/aseptic-packaging-market

Further key findings from the report suggest:

The food was the key application segment for the industry and is expected to grow at a CAGR of over 11% over the next eight years. The process is carried out at lower temperatures. Thus the texture, appearance, flavor and nutritional value of the products remains unaffected. In addition, light weight and recyclability offered by aseptic packaging are expected to have a positive impact on the industry growth over the forecast period.
Prefilled syringes demand in the industry was valued over 4.5 billion in 2015 and is expected to grow at a CAGR of over 11% from 2016 to 2024. Advances in biotechnology and rising demand for biologics is anticipated to drive demand over the eight years. The technology offers safety against drug degradation and contaminants. Furthermore, it eliminates the need for refrigeration and thus lowering the cost associated with the maintenance of the product.
Asia Pacific is expected to be the fastest growing market owing to rapid growth of food and beverage packaging sector in the region. China was the largest market for aseptic packaging in Asia Pacific and accounted for over 50% of the regional demand in 2015. Increasing consumer disposable income and changing dietary habits in countries such as India, China, Japan, and Korea are expected to raise demand for packaged ready-to-eat meals, frozen meat, and juices, which is anticipated to have a positive impact on the industry growth over the projected period.
The key players in the industry are The key players in the market include Robert Bosch GmbH, Tetra Pak International S.A., Greatview Aseptic Packaging Co., Ltd., Schott AG, SIG Combiboc Obeikan, Reynolds Group Holdings Limited, and Agropur Inc.