Transportation and Logistics
Overview of the global flexible intermediate bulk container (FIBC) market
Market research analysts at Technavio predict that the flexible intermediate bulk container (FIBC) market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 6% by 2021. This market research analysis identifies the constantly increasing demand for IBC containers from diverse sectors as one of the primary growth factors for this market. It has been observed that the growth of the industries including food and horticulture due to the increase production and trade of horticulture products and chemicals, have boosted the demand for flexible bulk packaging. Additionally, the low-cost of shale gas, that is used as a major feedstock for the manufacturing chemicals, is inducing players in the chemical and fertilizer sectors to enhance the production of chemicals, which also increases the demand for FIBC bags. Moreover, the increased need to reduce the overall weight of bulk packaging and transporting materials will also drive the demand for FIBC containers in several other industrials sectors such as construction, boosting market growth in the coming years.
One of the major trends that will gain traction in the FIBC containers market in the coming years is the usage of bio-based raw materials. The increased awareness towards the usage of synthetic plastics will induce manufacturers to develop eco-friendly plastics. Companies such as Braskem and The Dow Chemical Company have already invested heavily in developing technologies to produce bio-based polymers
Overview of the offshore support vessel (OSV) market
Extensive research carried out by the analyst at Technavio has shown that the global offshore support vessel (OSV) market will witness steady growth and post a moderate CAGR of more than 5% over the forecast period. With the increasing demand for oil and oil products, the market for offshore support vessel is anticipated to have a positive outlook over the next four years. The majority of demand for oil and oil products is expected to come from sectors such as transportation, power, and manufacturing industries. Of these, transportation is expected to generate the maximum demand for diesel. Moreover, a stagnant growth in diesel demand is also expected from manufacturing and power sectors during the predicted period. Moreover, the overall demand for diesel is likely to grow in the road transportation, aviation, and waterways sectors. The decline in the prices of crude oil will, in turn, spur this market’s growth in the future.
One of the recent trends gaining significant traction in the market is the increasing demand for higher-capacity and LNG-fuelled vessels. The higher capacity vessels are characterized by high engine capacity, more bollard pull, large dock space, helipad space, and stronger winches. Their cargo load capacity is also high, and they can transport bulk quantities of goods. In addition, these vessels are efficient in managing adverse weather and sea conditions. The premium day rates for these vessels are high and generate more revenue for vessel operators. Furthermore, the market is also witnessing the trend of using LNG-fueled OSVs instead of diesel-fueled OSVs because LNG is more cost-effective and eco-friendly. The LNG-fueled vessels
Global outlook of the cosmetic tubes and jars market
Technavio’s market research analysts predict the global cosmetic tubes and jars market to grow steadily during the forecast period and post a CAGR of almost 6% by 2021. This industry research report identifies the growth of the e-commerce industry to be one of the major factors that will have a positive impact on the growth of this market in the coming years. It has been observed that with the increased penetration of the Internet and benefits such as quick delivery services and competitive pricing, the internet retailing market will witness rapid growth in the coming years. The e-commerce industry also helps the small and local vendors increase their profit margins by enabling them to offer a wide range of products to premium customers by making their products available online. This will increase the demand for online skin care and hair care products, which will subsequently fuel the growth of the cosmetic jars and tubes market in the next few years.
With properties that retain moisture inside the tube and prevent spillage and contamination of the content, skin care and beauty cream manufacturers will start preferring the usage of airless tubes. Also, these tubes can be filled on the standard tube filling line and do not require any extra skill or equipment. This will increase their demand for airless cosmetic tubes among cosmetic manufacturers, in turn, aiding the growth of the market for cosmetic containers such as tubes and jars.
Overview of the global beverage packaging market
The global beverage packaging market is anticipated to grow at a steady rate and post a CAGR of more than 5% during the forecast period. The emergence of the brewing industry in APAC will drive the growth prospects for the global beverage packaging market until the end of 2021. According to the industry research report, APAC dominates the beer packaging market and will continue to dominate the market in the coming years. It has been estimated that the demand for beer consumption will further grow in various regions such as South America and Asia, especially in Brazil, China, and India. Some of the major factors responsible for the growth is the lightweight property of these beer bottles, cost-effectiveness, and environment-friendliness. Furthermore, the easy availability of low-cost skilled labor force in countries such as China facilitates it to be the highest producer and consumer of beer in the world, which in turn, will accelerate the growth of the global beverage packaging market.
The growing use of automation in beverage packaging industry will drive the growth prospects for the global beverage packaging market for the next four years. The automated system in the beverage packaging industry reduces the wastage of packaging materials, reduces factory footprint, and enables the timely rectification of operational problems, which in turn, boosts the beverage packaging market. Moreover, these advanced robotic machineries use real-time data collected from several machines and the entire packaging line to optimize output. For
Overview of the global blow molded plastic bottles market
The global blow molded plastic bottles market is anticipated to grow at a steady rate and post a CAGR of more than 3% during the forecast period. The growing demand from healthcare sector for packaging medical products will drive the growth prospects for the global blow molded plastic bottles market for the next four years. Some of the major factors responsible for the growing demand for plastics in the healthcare industry is its inertness, versatility, durability, cleanliness, sterile nature, transparency, and lightweight. For instance, thermoformed plastics are used in airtight seals which protect the contents from moisture, particulate, and oxidants, whereas, medical polyethylene plastic injection molding sustains the lifespan of several medical devices such as disposable syringes.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. Some of the major factors responsible for the market’s growth in the region is the increasing disposable income of people, increasing demand for household care products, industrial chemical products, toiletries, and cosmetics.
Competitive landscape and key vendors
The global blow molded plastic bottles market is highly competitive and diversified due to the presence of a large number of local and international vendors
Overview of the aseptic packaging market
Extensive research carried out by the analysts at Technavio has shown that the global aseptic packaging market will witness impressive growth and will post a stupendous CAGR of more than 10% over the forecast period. The increased need to enhance the product shelf-life and preserving the quality of food products without the use of preservatives are some of the key factors driving this market’s growth. The majority of manufacturers carry out specialized process to sterilize contents and container separately. They are then put together in a sterile environment to prevent contamination by microorganisms. The demand for aseptic packaging solutions in the food and beverage sector has increased because of the growing demand for packaged foods, which are rich in nutrients and promote health and wellness among consumers. Moreover, a reduction in distribution costs has increased the preference for aseptic packaging in the F&B sector, which in turn, will propel the growth prospects for the global aseptic packaging market over the next four years.
In terms of geography, the APAC region led the global aseptic packaging market during 2016 and will continue to dominate the market in the coming years. The growth of the market in this region is attributed to the fact that major foreign investment banking companies are funding the operations of homebred corporations in APAC countries. Furthermore, the growth of non-cyclic markets, such as the dairy, food and beverage, and pharmaceutical markets in populous countries such as India, China, and Indonesia, is propelling the demand for aseptically packaged products.
Competitive landscape and key vendors
The global aseptic packaging market is highly fragmented owing
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.