Transportation and Logistics
Overview of the global spare parts logistics market
Technavio’s market research analyst predicts the global spare parts logistics market to grow at a CAGR of more than 5% by 2020. The demand for spare parts logistics is anticipated to increase considerably due to the rising demand from the commercial and passenger vehicle industry. The recent rise in the demand for used car in circulation has created a higher requirement for spare parts and after-sales services. Some of the major revenue-generating automobile spare parts are batteries, oil filters, tires, and mechanical parts, including bearings, covers, brakes, and clutches. The growth prospects for this market is closely associated with the growth in the production of equipment and machinery in various industries. The future demand across application sectors like automotive, aerospace, and mining equipment will contribute to the growth of the spare parts logistics market in the coming years.
At present, the market is witnessing a tremendous demand for professional logistics services that provide high-end logistics and supply chain solutions with value-added services (VAS) such as the assortment and grading of products, packaging, management information system services in the logistics supply chain, and other legal formalities required in the process. The shippers prefer contract logistics providers that offer a one-stop solution and are more specialized in providing these services. Also, by outsourcing these services, the users of contract logistics can focus on their core competencies and serve their customers more efficiently. The growing demand for professional logistics services will boost the overall market during the forecast period.
Competitive landscape and key vendors
Overview of the intravenous (IV) product packaging market
According to the analysts at Technavio, the global intravenous (IV) product packaging market to witness steady growth and will post a CAGR of more than 6% over the forecast period. An increasing aging population around the world is one of the key factors driving the growth prospects of this market in the coming years. With aging, the risk of developing various health problems such as inflammation of kidneys, diabetes, urinary tract infections, and urinary incontinence increases. This considerably increases the use of medical devices and products, which will, in turn, lead to an augmented demand for IV product packaging.
End-stage renal disease (ESRD) is a disorder in which the kidney is no longer able to perform the renal functions and support the patient’s body. The common causes of ESRD are diabetes and hypertension and is considered to the last stage of chronic kidney disease. By 2015, nearly 700,000 people in the US were diagnosed with ESRD. Therefore, an increasing global prevalence indicates a general rise in the number of people requiring care of ESRD. This is anticipated to result in an increase in the number of surgeries, leading to an increasing use of cannulas and IV bags over the forecast period.
Product segmentation and analysis of the IV product packaging market
- IV bags
During 2015, the IV bags segment dominated the market and accounted for close to 99% of the market share in terms of revenue. IV fluid bags are used to hold intravenous liquid, which is used for several purposes like maintaining the basal hydration level, correcting electrolyte imbalances, and expanding the intravenous volume in the hypovolemic state of a patient, among others. The analysts have estimated factors such as an increasing aging population around the world will impel the growth
Overview of the global vials packaging market
Technavio’s market research analyst predicts that the global vials packaging market will grow at a CAGR of more than 11% by 2020. Stringent government regulations and industry standards for packaging of pharmaceutical related products have a positive impact on the growth of the vials primary packaging market. As per the Food and Drug Administration (FDA) regulations in the US, pharmaceutical drugs need high barrier packaging materials and sealants that are impermeable and resistant to solvents, grease, chemicals, and heat for better security protection. Several developing countries like China and India have upgraded their industry standards for vials packaging of medical supplies to maintain quality, safety, and reduce breakage, spillage, and contamination. Increased government regulations and standardization related to pharmaceutical devices and products are compelling the vendors to upgrade their products, which will increase the demand for vials primary packaging during the forecast period.
Packaging companies are focusing on the use of superior quality plastic materials such as cyclic olefin copolymer (COC) and cycloolefin polymer (COP) because of their exceptional barrier characteristics. These materials exhibit a unique combination of properties such as low density, excellent moisture barrier capabilities, high transparency, and resistance to aqueous and polar organic media. COCs are ten times less permeable to
Global market outlook for stand-up pouches
Technavio’s market research analyst predicts the global stand-up pouches market to grow at a CAGR of more than 8% by 2020. Manufacturers and consumers prefer stand-up pouches as they are easily portable, lightweight, easy to handle, and reduce shipping expenses. The increase in demand for packaged food and beverages from consumers across various developed and developing countries is driving the growth of the stand-up pouches market. Generally, consumers prefer to buy food products that are of high value and quality and have a longer shelf life. This has pushed vendors to develop effective convenient packaging solutions in the market such as spouts and fitments, zip seal closures, and pour spouts. This recent increase in the preference for packaged food and beverages is expected to boost the sales of flexible packaging materials, which in turn will fuel the demand for stand-up pouches over the next four years.
A recent trend emerging in this market is the increasing use of high-barrier flexible packaging products. Pouches made from high-barrier flexible materials have higher performance than other packaging products as they are developed using specialized coatings and laminated structures along with resins. Some of the high-barrier plastics used in the development of pouches include
Overview of the global contract packaging market
Technavio’s market research analyst predicts the global contract packaging market to grow at a CAGR of more than 10% by 2020. One of the major advantages of contract packaging is the overall reduction of operational costs for manufacturers. Contract packaging helps manufacturers to reduce the cost of operations like the expenses on packaging machines, and warehouse, transportation, and labor management costs. They also offer multiple packaging options to end-users and help them to handle a high volume of products without any delay. Furthermore, many 3PL companies are also entering into the contract packaging business, with warehouse and transportation as their key offerings.
With growing environmental concerns, several manufacturers are opting for bio-based raw materials for manufacturing packaging products. Consumers and manufacturers prefer sustainable packaging because it is environment-friendly, recyclable, and reusable. The growing use of corrugated boxes is one of the latest developments in the market, especially in terms of sustainable packaging. Owing to the huge demand for sustainable packaging solutions, the manufacturers are shifting towards the use of
Overview of the food and beverage (F&B) cold chain logistics market
According to the market research analysts at Technavio, the global food and beverage (F&B) cold chain logistics market will witness impressive growth and will post a CAGR of more than 11% over the forecast period. Proper food storage and efficient coordination in the supply chain system is critical to preserving the nutritional value of food and beverages. According to United Nations Environment Program, about one-third of the food produced annually is wasted, which is close to USD 1 trillion. Perishable food products and beverages are often exposed to fluctuating temperatures during transit and handling, which leads to the wastage. The global population is expected to increase at a rapid pace in the future, which will result in an increasing demand for food products. Therefore, with increasing world population and food wastage, the need for efficient cold chain logistics is expected to increase significantly in the coming years.
The augmented adoption of multi-temperature refrigerated vehicles is one of the emerging trends spurring the growth prospects of this market during the predicted period. The reduction in the size of shipments has led to the increasing need for multi-compartments in refrigerated vehicles. The coldest compartment is primarily located at the front and the warmest at the rear. Heat transfer between the compartments, loading arrangements, and method of temperature control are the primary focus areas in this system. Although any temperature configuration is possible, the design and control of such vehicles are challenging compared to single compartment vehicles.
The logistics and transportation industry is a dynamic sector that has changed significantly with global economic conditions and international trade flows. The industry is broadly segmented into logistics, packaging, transportation, and warehousing.
New developments in logistics and transportation have enabled companies to work on a global scale, procure resources and materials from distant locations, and augment their distribution channels in order to cater to faraway clients.
Technavio’s logistics and transportation domain incorporates the use of extensive primary and secondary research to provide actionable insights to help our clients identify emerging markets and capitalize on key trends.
We provide extensive market data and comprehensive qualitative and quantitative analyses on essential market divisions, such as distribution, labeling, packaging, reverse logistics, service parts logistics, and warehousing.
Companies such as DB Schenker, DHL, CEVA, Hitachi Transport, Kerry Logistics, Kuehne + Nagel, Mitsubishi Logistics, and UPS are some of the key participants at the forefront of the logistics and transportation industry.