Thursday, 9 April 2020

Car Rental Market to Grow at a CAGR of 11.5% between 2016 and 2023

According to a new market report published by Credence Research Inc., “Global Car Rental Market (By Vehicle Type (Economic Vehicle, Executive Vehicle, Small Utility Vehicle, Medium Utility Vehicle, and Luxury Cars), By Rental Category (Airport Transport, Local Transport, Outstation Transport)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global car rental market is expected to grow at a CAGR of 11.5% during the forecast period 2016 to 2023.
Browse the full Global Car Rental Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/car-rental-market
Market Insights
Car rental services have gained considerable foothold in recent years, becoming one of the key services in the transport industry, especially in urban cities. Rise in the number of tourists and business travelers coupled with growing preference for car-sharing is identified as the primary factor driving car rental revenues across the globe. In addition, integration of advanced technologies like telematics and navigation in cars coupled with the availability of online booking agencies and payment platforms has not only maintained transparency among consumers, but also allowed for unperturbed booking and car hiring. The leading car rental companies are focusing on tapping foreign travelers by offering features like WiFi, multi-language booking platforms and in-car navigation among others. All these factors are collectively driving demand for car rental services. Comparatively low fares of public transportation may pose challenge to the market growth, especially in price sensitive economies during the forecast period.
Car Rental Market
 
Competitive Insights:
Some of the leading players identified in the global car rental market include Avis Budget Group, Inc., Enterprise Rent-A-Car, Sixt Rent A Car, EuropCar, The Hertz Corporation, Carzonrent,  Al-Futtaim Group, Localiza Rent A Car, Eco Rent A Car, Fox Rent-A-Car, Payless Car Rental, Midway Car Rental, Trust Middle East Car Rental, and Advantage Rent a Car among others. The global car rental market also includes large number of niche players accounting for trivial market share individually. Automobile manufacturers have begun offering advanced web-based solutions to allow the integration of mobile devices such as smartphones with vehicles. On the other hand, car rental companies are developing fleet of vehicles that are equipped with advanced technologies such as navigation, positioning, and telematics. To better penetrate semi-urban and rural areas, these companies are striving to introduce several cost-effective and innovative services. In order to remain ahead of the competition and ensure customer base, the established players like Avis Budget Group, Inc. and Enterprise Rent-A-Car are focusing on forming strategic alliances with hotels and airlines.
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Bottle Packaging Market Is Expected To Reach US$ 74.7Bn By 2023.

According to a new market report published by Credence Research “Glass Bottle Packaging Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2013 - 2023,” the Glass Bottle Packaging market was valued at US$52.5 Bn in 2015, and is expected to reach US$74.7Bn by 2023, expanding at a CAGR of 4.5% from 2016 to 2023.
Browse the full Glass Bottle Packaging Market by Application - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/glass-bottle-packaging-market
Market Insights
Glass is nonporous, impermeable and it doesn’t react with most of the products packed in it; ensuring that the products inside a glass bottle keep their strength, aroma, and flavor to affect the flavor of packaged products.It preserves food and beverages for a long term and avoids contamination.Glass is the trusted packaging for health, taste and the environmentdue to its properties like recycling reuse and neutral reacting nature.
Glass is widely used for alcohol beverages packaging and food packaging in the world. Glass bottles are the preferred source of packaging for Beer. Majority of beer volume was sold in glass bottles.
Glass is 100% recyclable. When recycled glass doesn’t lose its quality or purity.An estimated more than 75% of used glass bottles are used for new glass bottle manufacturing. High cost of glass bottle manufacturing and increasing use of PET bottles over glass bottles is a major factor restraining the global glass bottle packaging market.
In 2010, the U S Food and Drug Administration recommended to avoid using bottles and cups containing BPA (bisphenol A, a chemical used in plastics. Government rules and regulations regarding food packaging and pharmaceutical packaging will further enhance the growth of glass packaging.
Competitive Insights:
Key players covered in this report are Amcor, Ardagh Group, Bormioli Rocco, China Glass Holdings, Consol Glass, Gerresheimer AG, Heinz-Glass, Hindusthan National Glass & Industries, Koa Glass, Nihon Yamamura Glass, Orora Packaging Australia , Owens-Illinois Inc., Piramal Glass and Saint-Gobain S.A.
Gerresheimer AG has its strong presence in pharmaceutical industry whereas Piramal Glass has in cosmetics and personal care. Players like Hindusthan National Glass & Industries has its presence across all the verticals.
Asia-Pacific region has higher market share in overall glass packaging market by volume.Developing regions in Asian market were responsible for growth in glass bottle packaging market. A growing middle class disposable income as well asincreasing consumer base in South East Asia contributed to increasing demand of glass bottles.Asia Pacific is one of the major emerging markets globally for glass packaging. Asia Pacific accounted over XX% of global glass packaging in 2015.
Overall performance of glass bottle packaging is closely related to performance of alcohol industry. Increasing beer industry in European countries will show significant growth in glass bottle packaging. Middle East is expected to witness growth in pharmaceutical glass bottle packaging in upcoming years.
Key Trends:
  • Increasing disposable incomes in developing markets
  • Growing acceptability of alcohol consumption in Asian market
  • Growing consumer awareness about health, Hygiene,ecofriendly products
  • Increasing per capita beer consumption
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Confectionery Ingredients Market By Form, Application And Geography Is Expected To Reach US$ 88.2 Bn By 2023

According to a new market report published by Credence Research “Confectionery Ingredients Market - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023,” the confectionery ingredients market has been estimated to be valued at US$ 60.0 Bn by the end of 2016, and is expected to reach US$ 88.2 Bn by 2023, expanding at a CAGR of 5.7% from 2016 to 2023.
Browse the full Confectionery Ingredients Market by Form, Application, and Geography - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/confectionery-ingredients-market
Market Insights
Confectionery items comprises of toffees, chocolates, candies, lollipops, bakery products and other sugar items that are rich in sweet and sugar content. The escalation in the consumption of these items has impelled the demand for confectionery ingredients over the past few years. Changing preferences of consumers related to consumption of confectionery items has impacted the market for confectionery ingredients as well. Besides this, it has been noticed that urbanization has led to rapid growth of confectionery goods as the population in tier 1 and 2 cities prefer to have food which is easily and conveniently available. The market for confectionery ingredients have also been strengthen due to rising number of diabetic patients which compelled the manufacturers to go for sugar free cupcakes, candies and others. Besides this, sugar free confectioneries are gaining momentum due to factors such as escalating number of obese population, rising health consciousness and nutritional concerns among people and as well as change in eating habits along with change in lifestyle. Rising population along with intensifying personal disposable income in developing countries such as China and India is anticipated to create the demand for confectioneries and will bolster the growth of confectionery ingredients market during the forecast period 2016-2023.
Rising application of confectionery ingredients for coatings, fillings, spreads and in cereal bars is anticipated to expand the growth of confectionery ingredients market growth till 2023. Besides this, increasing population growth, GDP growth, higher consumer spending and industrialization all across the globe is likely to impel the growth of confectionery ingredients market from 2016 to 2023.  
Competitive Insights:
Confectionery ingredients market is segmented on the basis of form such as dry and liquid form. In 2015, dry form segment contributed the highest revenue share in the total confectionery ingredients market. The dry form segment contributed the highest share due to its various functional advantages and its operational efficiencies linked to it. Thus the dry form segment is anticipated to expand at a robust CAGR over the forecast period. Increasing consumption of chocolates, candies and cakes is expected to intensify the growth for confectionery ingredients market. Besides this, rising adoption of confectionery ingredients for different applications in industries such as in gums, sugar confectionery, candies and chocolates and other is further impel the market growth in the next few years.
Key Trends:
  • Innovation in product development
  • Significant research and development activities
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations,
governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
with making enduring enhancements to their execution and understand their most imperative objectives.
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Food & Beverage Stevia Market By Extract Type And Geography Is Expected To Reach US$ 251.4 Mn By 2023

According to a new market report published by Credence Research “Food & Beverage Stevia Market - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023,” the food & beverage stevia market has been estimated to be valued at US$ 145.5 Mn by the end of 2016, and is expected to reach US$ 251.4 Mn by 2023, expanding at a CAGR of 8.1% from 2016 to 2023.
Browse the full Food & Beverage Stevia Market by Extract Type, and Geography - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/food-and-beverage-stevia-market
Market Insights
Stevia is basically a sweetener as well as substitute of sugar which is extract from the leaves of stevia plant. It holds an important place under sweetener segment due to its varied advantages such as significant protein ingredient and low calorie. The increasing awareness about health advantages related to stevia has led to extensive utilization of stevia in food and beverages sector. The most active and major compounds available in stevia are known as rebaudioside A and stevioside which are highly responsible for its sweetness. Stevia has been utilized in various countries of Latin America such as Brazil and others. It is a 100% natural and zero-calorie sweetener which is 200 times sweeter than sugar and is utilized for health related problems. Apart from this, it is highly suitable for diabetic patients as well due to its low glycemix index as it does not impact the blood sugar levels. Rising disposable income and changing lifestyle in developing countries as well as maintaining a proper health is anticipated to expand the growth of global food and beverage stevia market till 2023. 
Increasing consumption of low calorie sugars due to rising health consciousness is anticipated to foster the growth of food and beverage stevia market over the forecast period. Apart from this, favorable government regulations all across the globe is further expected to spur the growth of overall food and beverage stevia market during the period 2016-2026. Escalating in demand for natural ingredient products and as well as antioxidants is likely to intensify the growth of global food & beverage stevia market during the period 2016-2023.  
Competitive Insights:
Food & Beverage Stevia market is segmented on the basis of extract type such as liquid extract, powder extract and leaf extract. In 2015, powder extract segment contributed the highest revenue share in the total food & beverage stevia market. Powder segment is further sub-divided on the basis of glycosides, stevia blends ad sweet glycosides. On the other liquid extract is also bifurcated by dark liquid and clear liquid extract. The liquid extract is anticipated to expand at a robust CAGR over the forecast period. This is due to expected increase in consumption of liquid stevia as well as rising usage as table top sweetener. In food and beverages sector, stevia is majorly utilized in desserts, confectionery, fortified foods and beverages, jellies and snack food. The utilization of stevia has showcased an inclination in these products over the past few years as it brings sweetness to the products with very miniscule calories.
Key Trends:
  • Product visibility in modern retail formats
  • Demand for low calorie beverages
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Sodium Propionate Market To Reach Us$ 163.30 Mn By 2023

According to a new market report published by Credence Research Inc., “Sodium Propionate Market (By Application (Food, Pharmaceutical, Cosmetics, Agriculture, Animal Feed and Others)), Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide sodium propionate market was valued at US$ 117.44 Mn in 2015. It is projected to grow at a CAGR of 4.4% from 2016 to 2023. In terms of volume the global market stood at 38.92 kilo tons in 2015.
Market Insights:
Sodium propionate due to its antimicrobial properties to extend shelf life of food products along with its GRAS (generally recognized as safe) status by the U.S. FDA is widely use as a food additive. Rising packaged food consumption owing to changing and busy lifestyle is driving sodium propionate demand in food preservatives.  Moreover, sodium propionate is considered as one of the best and safest bacteria and mold inhibitor in the animal feed and grain preservative segment. Increasing demand from animal feed and grain preservatives is fueling the market growth. Environmental concern is the major factor hampering the market growth.
For further growth emerging and untapped markets provide huge scope. Over the coming few years, demand from the emerging economies is projected to augment due to rising awareness about the benefits of sodium propionate for feed and food preservatives. Research and development initiative to produce innovative products using sodium propionate will not only provide new opportunities but also bring in rich gains.
Competitive Insights:
Sodium propionate market comprises of various multinationals and regional players. The market players are investing on different strategies to increase their market presence such as application development and capacity expansion.  Foodchem International Corporation, Fine Organic Industries Private Ltd, Niacet Corporation and Macco Organiques Inc are some of the players present in this market.
Key Trends:
  • Emerging and untapped markets provide huge scope
  • Animal feed and grain preservatives is fueling the market growth
  • Focus on research and development initiative to produce innovative products using sodium propionate
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations,
governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
with making enduring enhancements to their execution and understand their most imperative objectives.
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LiDAR Market to Grow at a CAGR of 13.5% between 2016 and 2023

According to a new market report published by Credence Research, Inc. “Global LiDAR Market (By Product Type (Airborne LiDAR Systems and Terrestrial LiDAR Systems), By Component (Laser Scanners, Navigation and Positioning, and Other Components), By End-use Application (Defense & Aerospace, Engineering, Corridor Mapping, Environmental (Coastal, Forestry, Flood Mapping), Transmission Lines, and Other End-use Applications)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global LiDAR market is expected to expand at a CAGR of 13.5% from 2016 to 2023.
Browse the full Global LiDAR Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/lidar-market
Product and Market Insights:
Light Detection and Ranging (LiDAR) is a sensing technology used for measuring distance to a target using laser light. Unlike radar technology, LiDAR uses short wavelength waves for measuring the distance. The technology is used to get 3-dimensional information regarding the shape and surface characteristics of the target, thereby enabling scientists and mapping experts to study and examine their target with accuracy and precision. Although the use of LiDAR technology was initially limited to defense, government, and corridor mapping applications, increased awareness regarding the benefits offered (cost, accuracy, reach, etc.) have extended their applications to disaster preparedness and risk study, transportation, and power transmission among others. The global LiDAR market is still in the nascent stage of development and is poised to offer strong business and investment opportunities over the forecast period 2016 – 2023.
LiDAR Market 
Competitive Insights:
Some of the leading players in the global LiDAR market include Quantum Spatial (Aerometric, Inc.), Leica Geosystems AG, Riegl Laser Measurement Systems GmbH, Faro Technology, Optech Inc., Trimble Navigation Limited, 3D Laser Mapping, GeoDigital, Airborne Imaging Inc., Avent Lidar Technology, Renishaw Plc, Michael Baker International, Sick AG, Topcon Positioning Systems, Inc., YellowScan, Velodyne LiDAR, Inc., and Geokno India Pvt. Ltd. among others. In order to sustain in this highly competitive market, manufacturers and technology developers are required to invest substantially in research and development and focus on product innovation. In view of future prospect, the manufacturers have already started accelerating their efforts to develop advanced unmanned aerial vehicle systems capable of offering advanced airborne imaging capability. The competitive rivalry among current market players is comparatively high and is expected to remain high throughout the forecast period 2016 - 2023.
The adoption of LiDAR technology has been comparatively greater in the developed economies like North America and Europe. However, penetration in emerging economies has begun to gather momentum with technological advancements and growing awareness regarding the benefits offered by the technology. In addition, government initiatives to promote foreign investment in the geospatial industry have had positive impact on demand for LiDAR systems. With the advancements in technology and lowering costs, LiDAR has offered precise 3D capability to just about everyone who uses a map.
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governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
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Xylitol Market To Reach US$ 1,123.26 Mn By 2023

According to a new market report published by Credence Research Inc., “Xylitol Market (By Application (Chewing Gums, Confectionary, Personal Care Products, Pharmaceuticals, Nutraceuticals and Others)), Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide xylitol market was valued at US$ 683.46 Mn in 2015. It is projected to grow at a CAGR of 6.9% from 2016 to 2023. In terms of volume the global market stood at 159.52 kilo tons in 2015.
Market Insights:
Xylitol is used in food products to enhance the taste, color and shelf life. Moreover, it does not reduce the nutritional value of the content present in food products. It can either be used exclusively or with other low caloric sugar substitutes to manufacture sugar-free products. Xylitol usage in foods products is projected to witness an upturn in demand.
The global market for xylitol is driven by rising health concerns coupled with lifestyle disease such as cardiovascular diseases, obesity, and high cholesterol are also increasing consumer awareness regarding calorie intake. Furthermore, increasing applications scope of xylitol in pharmaceuticals, and nutraceuticals segments is projected to drive market growth over the forecast period. Widespread, incidents of diabetes is also contributing towards the overall market growth.
At present, the major concern in the xylitol market is the overcapacity installed globally. Over the last few years, several Chinese players have aggressively increased capacity. This concern remains a major restrain for new entrants into the xylitol market.
Competitive Insights:
The market is highly competitive. To maintain their market presence players need to adopt different strategies. DuPont Danisco is one of the most prominent manufacturers of xylitol globally, with three plants located in Finland, U.S. and China. In addition to DuPont Danisco, other leading players present in xylitol market include Roquette Freres, Shandong Futaste, Cargill, Ingredion, and few Chinese players among others.
Key Trends:
  • Increasing applications scope of xylitol in pharmaceuticals and nutraceuticals
  • Players to maintain their market position needs to adopt different strategies
  • Widespread, incidents of diabetes is also contributing towards the overall market growth
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governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
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Builders' Joinery and Carpentry of Wood Market

According to a new market report published by Credence Research Inc., “Builders' Joinery and Carpentry of Wood Market (By Product type (Cellular wood panels, Windows, French windows and their frames, Assembled parquet panels, Doors and their frames and thresholds, Shingles and shakes and Others (Blocks, strips, friezes and among others)), Growth, Future Prospects & Competitive Analysis, 2016 – 2023”, the worldwide Builders' Joinery and Carpentry of Wood market was valued at US$ 26.3 Bn in 2015. It is projected to grow at a CAGR of 2.4% from 2016 to 2023.  
Market Insights:
New opportunities have led to rapid changes in industrialization worldwide. Not only the emerging economies but also the developed economies are experiencing gradual shift in their lifestyle. The rise in disposable income is one of the major factors responsible for the market growth. Due to increase in disposable income, people have changed their standards of living and shifted towards luxury products. This changing lifestyle has led to demand for luxury objects which include cars, dwelling, electronic items and furniture among others. The growing demand for luxurious items has therefore boosted the market demand for builders’ joinery and carpentry of wood market.
Materials such as steel, iron, concrete and bricks are also expected to gain high market demand in the near future. These materials comprise most of the qualities as that of builder joiner and carpentry of wood. These building materials are therefore expected to substitute builders’ joinery and carpentry of wood thereby posing threat to the growth of global builders’ joiner and carpentry of wood market.
Competitive Insights:
The market is competitive due to presence of various niches, small and multinationals players. Some of the key players present in this market are Medina Joinery, Meer End Staircases & Joinery, Stairways Midlands Ltd, Super Bebris, SIA BYKO-LAT, Young Lim Forestry Co. Ltd, Ante-holz GmbH and Woodfellas Carpentry & Joinery Limited among others.
Key Trends:
  • Growing Building & Construction Industry Worldwide
  • Changing lifestyle and behavior of consumers
  • High trend for modern architecture in emerging economies
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governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
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Power banks market stood at US$ 9,835.4 Mn in 2015 and is estimated to expand with a CAGR of 17.9% from 2016 to 2023

According to a new market research report published by Credence Research “Power Banks  Market (Type – Portable, Battery Case and Solar) - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2023”, the global power banks market stood at US$ 9,835.4 Mn in 2015 and is estimated to expand with a CAGR of 17.9% from 2016 to 2023.
Market Insights
A power bank is a battery charging device used for charging a rechargeable battery or secondary cell. The global demand for power banks is majorly driven by the continually growing demand for smartphones, tablets, and PDAs. The advancements in technologies have significantly enhanced the capacities and charging speeds of power banks in recent years.  Furthermore, improved standard of living, rise in consumer discretionary income and evolving digital habits of consumers are expected to have positive impact on the overall demand for power banks globally. The increasing competition between domestic and international players is expected to result in price wars, thereby reducing the average selling prices for power banks in the following years. Factors such as evolving digital habits of consumers coupled with perpetually growing demand for smartphones is identified as the major driving the uptake of power banks across the globe. Due to advancements in network technologies like 3G and LTE, people prefer accessing digital content through smartphones. This, in turn increases the battery consumption supporting the demand for power banks.
Competitive Insights:
The global market for power banks (consumer and industrial) is highly fragmented and competitive. In 2015, the leading four manufacturers accounted for less than 45% of the global power banks market revenue.  In order to sustain and compete, manufacturers are required to focus on product innovation. A well established distribution channel is a necessity and manufacturers across the globe are focusing on strengthening their marketing and distribution channels, which, in turn would help them to improve product penetration and their position in the market. Some of the leading and promising power bank manufacturers identified in the research study includes Apacer Technologies, Inc. Hitachi Maxell Ltd., MiPow Ltd., Mophie, Inc., Limefuel, LLC., xtorm BV, Panasonic Corporation, Samsung Electronics Co, Ltd., Sony Corporation, Anker, Microsoft Corporation, and Xiaomi Technology Co., Ltd. among others.
Key Trends:
  • Evolving digital habits of consumers
  • Mobility revolution (Proliferation of Smartphones and Tablets) to assist the market growth
  • Introduction of power banks with LCD displays and App control
  • Advancements in network technologies to spur market growth
  • Availability of established substitutes for industrial power banks
  • Growing preference for Li-polymer batteries over Li-ion batteries for industrial applications
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Steady Rise In The Number Of Natural Disasters To Drive Uptake Of High Capacity Power Banks In North America

According to a new market report published by Credence Research, Inc., “North America High Capacity Power Banks Market (Exceeding 20,000 mAh) (By End-use Application (Consumer (Personal and Outdoor Applications), Industrial (Disaster Preparedness, Fire Rescue, Resource Extraction, Law Enforcement, Construction, Foreign Aid, Healthcare, Robotics, Events, and Other Applications)), By Product Type (Portable Power Banks, Solar Power Banks), By Power Rating (20,000 mAh – 80,000 mAh and Above 80,000 mAh)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the high capacity power banks market in North America is expected to witness grow at a CAGR of 18.3% during the forecast period 2016 to 2023.
Browse the full North America High Capacity Power Banks Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/north-america-power-banks-market
Product Insights
A high capacity power bank is a battery charging device used for charging a high power rating rechargeable battery or secondary cell. The demand for high capacity power banks in North America is supported by the rising instances of power outages and blackouts hampering the overall output and profits in industrial and commercial sectors. The need for uninterrupted power supply coupled with the drive towards green energy products is expected to support demand for high capacity power banks over fuel powered power generators in industrial applications. Improved standard of living, rise in consumer disposable income and evolving digital habits of consumers has ensured large base of consumers with two or more battery operated electronic gadgets, thereby supporting demand for high capacity power banks. Lack of awareness among end-users coupled with the availability of established substitutes has hampered the uptake of high capacity power banks in North America.
 North America Power Banks Market
Competitive Insights:
The market for high capacity power banks is highly consolidated. The leading four manufacturers accounted for the major chunk of the North America market revenue share in 2015.  In order to sustain and compete, manufacturers are required to focus on product enhancement and innovation. An established and robust distribution channel is requisite and manufacturers in the region are focusing on strengthening their marketing and distribution channels to improve product penetration and market position. Since power banks are generally considered as a consumer product, the manufacturers must focus on positioning and marketing these products for industrial and commercial applications. Some of the leading and promising high capacity power bank manufacturers identified in the research study includes Goal Zero Corporation, Gridless Power Corporation, Limefuel LLC., Sony Corporation, Anker, and IEC Technology LLC among others.
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governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
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Biodegradable food packaging market has been estimated to be valued at US$ 3,403.4 Mn by the end of 2016

the biodegradable food packaging market has been estimated to be valued at US$ 3,403.4 Mn by the end of 2016, and is expected to reach US$ 7,058.8 Mn by 2023, expanding at a CAGR of 11.0% from 2016 to 2023.
Browse the full Biodegradable Food Packaging Market by Application, Material Type, and Geography - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at https://www.credenceresearch.com/report/biodegradable-food-packaging-market
Market Insights
Biodegradable products are naturally split by biological agents such as fungi and bacteria into raw materials. These are generally those products that can be rotten by microbes and other biological processes which are natural. Biodegradable goods include those that comprises of paper, food waste, fabric and wood. Biodegradable packaging is generally defined as a means of giving a naturally degradable protection utilized majorly for information, identification, presentation, and convenience for products from production to utilization. The biodegradable food packaging is different from non-biodegradable packaging as former degrades completely and quickly when decomposed without any poisonous emission. The sector of biodegradable packaging is a small segment and is at nascent stage when compared to overall packaging industry of the globe. However, recent advancement and change in techniques has upliftment the global biodegradable food packaging market. Moreover, increasing consumer awareness related to utilization of biodegradable food based products is anticipated to intensify the growth of the biodegradable food packaging market till 2023. 
Rising robust environmental concerns all over the world due to increase in pollution along with higher consumer preferences for biodegradable material based products is anticipated to foster the growth of biodegradable food packaging market over the forecast period. Apart from this, advanced production process and innovation in technology adopted by biodegradable food packaging manufacturers is expected to spur the growth of overall biodegradable food packaging market during the period 2016-2026. 
Competitive Insights:
Biodegradable food packaging market is segmented on the basis of material type such as plastic, paper, aluminum, steel and others. In 2015, plastics segment contributed the highest revenue share of the total biodegradable food packaging market. The paper based biodegradable food packaging is anticipated to expand at a robust CAGR till 2023. The global biodegradable food packaging market is further bifurcated by application which includes dairy & beverages, vegetables, fruits, meat and related products and others. Dairy & beverages segment marked the highest revenue share in biodegradable food packaging market in 2015. Rising awareness towards sustainable and affordable packaging solutions as well as change in mindset of people i.e. preferences for recycled based products instead of synthetic one is anticipated to expand the growth of fruit & vegetable and meat and related products segment during the forecast period.
Key Trends:
  • Merger & Acquisition
  • Educating consumers about biodegradable packaging
  • Rising trends of biodegradable bags
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LATAM RIS and PACS Market to Reach Worth USD 800.2 Mn by 2023

the market was valued at USD 4,19.7 Mn in 2015, and is expected to reach USD 800.2 Mn by 2023, expanding at a CAGR of 8.5% from 2016 to 2023.
Browse the full report LATAM RIS and PACS: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at https://www.credenceresearch.com/report/latam-ris-and-pacs-market
Market Insights                                                  
A radiology information system is a computer system that is aimed to support effective workflow and business analysis in a radiology department. This system helps in managing all the business functions of the department, from patient management, analysis, and inventory control. These systems provide ease of use and are easily accessible. Picture Archiving and Communication System (PACS) facilitates short- and long-term storage, retrieval, management, distribution and presentation of medical images. PACS allows healthcare systems to image management on departmental and enterprise levels. Rapid evolution and adoption of health information technology is supporting the demand for PACS. Growth of this market will be driven by government reforms and initiatives towards healthcare centralization. Penetration of PACS into specialties such as endoscopy and oncology will lead to additional PACS applications and thus market growth. Furthermore, features such as integrated speech recognition and advanced clinical decision support systems will also contribute to expansion of PACS market. The introduction of PACS established a co-dependent relationship between the RIS and PACS. Optimal efficiency for the imaging department occurs when PACS and RIS integration enables seamless information sharing between RIS and PACS.
The geographical segmentation of the LATAM RIS and PACS market comprises countries such as Brazil, Mexico, Argentina, Chile, Columbia, Peru, Central America and Rest of LATAM. Brazil held the largest share in the overall LATAM RIS and PACS market. Brazil has a large healthcare system in both the public and private sectors. Total investments in healthcare in the country reached R$ 72 billion in 2011, according to a research study. Moreover, market leaders in RIS and PACS market are executing merger and acquisition strategy to increase the market penetration in Brazilian market. Columbia is anticipated to be the fastest growing segment in the LATAM RIS and PACS market. According to key market players such as Agfa and Philips, the Colombian healthcare information systems market is primarily being driven by a high level of interest shown by multiple top players in the implementation of integrated healthcare systems. This is compounded by the increasing cost of running healthcare organizations along with other drivers of the Colombia healthcare information systems market such as growing geriatric demographic, a rising number of investments in the Colombia IT healthcare market, and favorable government policies.
The key players operating in the LATAM RIS and PACS market include Fujifilm Teramedica, Inc, Merge Healthcare, McKesson Corporation, Siemens Healthineers, Carestream Health, Inc. The other notable players include Pismeo, Agfa Healthcare, Cerner Corporation, Sectra, Philips Healthcare and Allscripts Healthcare Solutions, Inc. and others.
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations,
governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
with making enduring enhancements to their execution and understand their most imperative objectives.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-800-361-8290
E-mail: sales@credenceresearch.com
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