3 Key Insights on US$ 30 Bn Opportunity in the Global Commercial Drones Food Market: Ken Research

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Driven by the advancement of remote sensing and surveillance technologies, and favorable government guidelines regarding the utilization of drones across industries, the Global Commercial Drones Market is forecasted to Cross US$ 30 Bn by 2028 says Ken Research Study.

Drones are basically aircraft that can be controlled remotely or fly autonomously by utilizing software-controlled flight information in their embedded systems. Commercial drones are basically used for specific tasks, including cargo delivery, inspection, mapping, and more. Most commercial drones include an infrared camera, which provides useful thermal imaging for location search, surveying, and rescue services. Most commercial drones are equipped with the necessary payloads and safety equipment, such as extra lighting and parachute systems.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Commercial Drones Market Has Seen Significant Market Growth after a Rise in Labour Shortage in 2020.

The Global Commercial Drones Market is expected to witness stable growth during the forecast period, owing to the development of remote sensing technologies, as well as the increasing labor shortage caused by factors, such as the aging population, low wages, and immigration disruption in the COVID-19 pandemic. The global commercial drone market was valued at ~US$ 5 billion in 2017, it is estimated to be ~US$ 12 billion in 2022 and is expected to reach a market size of ~US$ 30 billion by 2028 growing with a CAGR of ~15% during the forecast period (2022-2028).

North America dominated the Global Commercial Drones Market in 2021, primarily due to the increased utilization of high-tech equipment across industries, and rising government expenditure to support the expansion of UAVs/drones is fueling the region's market growth.

2.  Advancements in Remote Sensing and Surveillance Technologies Acts as a Major Growth Driver for the Global Commercial Drones Market

Continuous advances in component, sensing technology, and size have accelerated the growth of automation and monitoring systems, including UAVs/drones, which utilize a number of tools and methods to forecast data and ensure higher productivity, reliability, increased performance, and reduced operating costs. Furthermore, the steadily increasing focus on improving field efficiency and productivity has increased the demand for agricultural UAVs/drones to grow more and better products by making better use of resources such as soil, water, nutrient solution, chemicals, and so on. In addition, the advancement in sensing technologies helps in ensuring that the crop and soil receive appropriate care. So, farmers will then be able to plan their actions or activities accordingly. Similarly, they help support the construction industry by providing real-time construction data viewing, accurate imaging and infrastructure inspection, reducing personnel risks and accidents, and cost-effective photography and videography.

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3. Higher Cost Associated with Drones, And Individuals’ Disinclination To Adapt Advanced Technologies Around Them Are Expected To Stifle Market Growth

The high costs associated with UAVs/drones are confining the market growth, as they are mainly embedded with expensive autonomous functionalities that operate using AI-powered navigation and operational software that raise the finished cost of a product. Furthermore, the continued use of traditional techniques, including truck and manual processes for monitoring, surveying, mining, crop spraying, equipment tracking, and more indicates that the portfolio of drones has yet to capture the potential customer base.

For more information on the research report, refer to the below link:

Global Commercial Drones Market

South Africa Buy Now Pay Later Business and Market Outlook to 2027: Ken Research

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How Buy Now Pay Later BNPL Industry Is Positioned In South Africa?

South Africa BNPL (Buy Now Pay Later) market has displayed a significant growth since 2019 growing at double digit CAGR ~%. The market is gaining pace with positive response from customers as well as retailers. The market is moderately concentrated with 5-6 major players. The market witnessed the entry of some international players as well in the recent past. The growth in the past few years is driven by the need for extra credit line by the customers, convenience and relative ease of access to credit over credit credits, initiatives by the government to enhance digitization, and positive response from the retailers due to increased sales.

The South Africa Buy Now Pay Later Market has witnessed tremendous growth during 2019-2022. Due to the high attractiveness of the market, new domestic and international players are expected to enter in the market in the next decade. The market is in the growth stage. The market is expected to grow at a strong double-digit CAGR ~% during 2022-2027. Since BNPL hosts multiple advantages for the end-users such as the convenience to split up the total payment into 3, 6, 9 or 12 payments that are made over time and increased adoption is expected from the businesses as well since BNPL furthers gives a push to the sales as well, due to better access to credit accompanied by upfront payment to businesses, that is made by the BNPL payments on behalf of the customers. Overall market outlook is bullish.

South Africa Buy Now Pay Later Market Segmentation

By Mode of Payment (Online and Offline)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Mode of Payment: Online and Offline Mode where Online mode accounts for higher share at XX% as compared to the offline mode on the basis of revenue generated in the year 2022.

By Type of End Users (Retailers, Food Aggregators and Travel Merchants)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Type of End Users: Retailers, Food Aggregators and Travel Merchants where Retailers account for the higher share at XX% as compared to the food aggregators on the basis of revenue generated in the year 2022.

By Age Group of Customers (Below 20 years, 20-40 years and above 40 years)

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Buy Now Pay Later Market in South Africa can be segmented on the basis of Age Group of Costumers: Below 20 years, 20-40 years and above 40 years where the age group ’20-40 years’ accounts for majority share at XX% as compared to below 20 years and above 40 years on the basis of revenue generated in the year 2022.

Comparative Landscape in South Africa Buy Now Pay Later Market

Competition is observed to be moderately concentrated in the South Africa Buy Now Pay Later space with majority of market being acquired by 5-6 large players. The comparison has been built on multiple factors which includes onboarding process, ease of use and brand image and Other parameters such as Number of Investors, Funding and more are covered a part of the research.

South Africa Buy Now Pay Later Market Future Outlook and Projections

South Africa Buy Now Pay Later market is expected to grow with a double digit CAGR at XX% in between 2022 and 2027 on the basis of revenue generated. The number of transactions in the South Africa Buy Now Pay Later market are expected to grow with a double digit CAGR at XX% during 2022-2027. The average order value per transaction is expected to increase with a single digit CAGR at X% during 2022-2027. It is anticipated that Buy Now Pay Later market will grow owing to factors such as increasing demand for extra credit line, increased adoption of fin-tech in the South Africa Economy, easier access to credit, increased awareness and adoption by customers and businesses.

South Africa Buy Now Pay Later Future Forecasted Market Segmentation

By Mode of Payment (Online and Offline)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Mode of Payment: Online and Offline where Online mode is forecasted to account for higher share at XX% as compared to the offline mode on the basis of revenue forecasted to be generated in the year 2027.

By Type of End Users (Retailers, Food Aggregators and Travel Merchants)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Type of End Users: Retailers, Food Aggregators and Travel Merchants where Retailers are expected to account for the higher share at XX% as compared to the food aggregators on the basis of revenue forecasted to be generated in the year 2027.

By Age Group of Users (Below 20 years, 20-40 years and above 40 years)

Buy Now Pay Later Market in South Africa can be segmented on the basis of Age of Costumers: Below 20 years, 20-40 years and above 40 years where the age group ’20-40 years’ is expected to account for the majority share at XX% as compared to below 20 years and above 40 years on the basis of revenue forecasted to be generated in the year 2027.

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Key Segments Covered: -

South Africa BNPL Market:

By mode of payment (by Revenue) 2022 and 2027:

• Online
• Offline

By End Users (by Revenue) 2022 and 2027:

• Retailers
• Food Merchants
• Travel Merchants

By Age Group of Users (by Revenue) 2022 and 2027:

• Below 20 years
• 20-40 years
• Above 40 years

Key Target Audience:

• Bankers and associations
• Government associations
• Corporates
• Investment firms
• Government Bodies & Regulating Authorities
• Fintech companies
• Venture capitalists

Time Period Captured in the Report:

• Historical Year: 2019-2021
• Base Year: 2022
• Forecast Period: 2023– 2027F

Companies Covered:

• TymeBank
• PAYJUSTNOW
• Mobicred
• PayFlex

Key Topics Covered in the Report:

• BNPL Industry positioning
• Socio demographic Outlook of South Africa
• Presence of Global BNPL Players
• Trends of BPNL Industry
• Market size of BPNL
• BNPL transaction process
• Key Features and developments in South Africa BPNL
• SWOT Analysis of South Africa BNPL
• Issues and Challenges in South Africa BNPL
• Investment Analysis of players in BNPL Space
• Role of Government and regulations in South Africa BNPL
• Porter’s Five force Analysis in South Africa BPNL
• Future Market Size of BNPL in South Africa

For More Information on the research report, refer to below link: -

Buy Now Pay Later industry in South Africa

Related Reports by Ken Research: -

KSA Buy Now Pay Later Market Outlook to 2027

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz & millennials population coupled with shifting preference towards easy interest free extra credit line sources

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3 Key Insights on Competitive Landscape in Global Industrial Starch Market: Ken Research

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Country Niche Players Dominate the Market Holding ~40% of Revenue Share Despite the Presence of about ~200 competitors comprising a Several Regional Players and Global Players, finds a recent market study on Global Industrial Starch Market by Ken Research

Starch is a homopolysaccharide generated from glucose units that are stored in plants as carbohydrates. It is created from fragments of plant cells and is stored in seeds, tubers, and roots. It is used commonly in various industries such as food and beverage, feed, pharmaceuticals, and others. There are several different sources of industrial starches, including corn, potatoes, wheat, and others.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country Niche Players Who Comprise ~55% in Terms of the Number of Competitors Hold the Dominant Revenue Share

Competitive Analysis by the Ken Research Study found that the Global Industrial Starch market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in the development and execution for specific segments. The country-niche players comprise just about ~55% in terms of the number of companies, followed by regional players accounting for ~30% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create specific industrial starch often get acquired by large global players seeking to grow and diversify quickly.

• In March 2020, Western Polymer, a company that produces natural and modified potato thickeners for food and industrial purposes, was acquired by Ingredion Inc. The acquisition is anticipated to increase Ingredion's capacity to produce potato thickeners, improve its processing abilities, and increase the business and customer base for its higher-value specialty ingredients.
• In April 2021, Cargill partnered with Starpro, Thailand's leading manufacturer of food-grade tapioca starch. This alliance aims to increase its specialty tapioca starch solutions in the Asia Pacific area, aiding food makers with their product processing needs and meeting consumers' sensory expectations.

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2. Leading Specialist Global Players' Ongoing Efforts To Provide Industrial Starch To a Variety of Industries Drive the Growth of the Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies, such as Archer Daniels Midland Company, and Gain Processing Corporation are highly focused on providing a significant number of industrial starch products that can be used across multiple industries, including food & beverage, Paper Making, Pharmaceuticals, and many more.

• In March 2021, in order to expand its plant-based portfolio, Ingredion Incorporated introduced PURITY P 1002, a pea starch. The product improves texture for a variety of products, including vegan cheese, gluten-free baked goods, and gelatin-free confectionary.

3. Government Initiatives to Aid in the Expansion of the Global Market for Industrial Starch

• In June 2021, Marie-Claude Bibeau, Canada's Minister of Agriculture and Agri-Food, and Saskatchewan Agriculture Minister David Marit announced US$2.5 million in support for research sponsored by the University of Saskatchewan exploring novel applications for starches derived from pulse crops.
• In April 2019, the Ghanaian government has announced intentions to establish a cassava starch processing facility in the western region before the end of the year as part of its One District One Factory (IDIF) initiative.

Key Topics Covered in the Report

• Snapshot of Global Industrial Starch Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Industrial Starch Market
• Historic Growth of the Overall Global Industrial Starch Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Industrial Starch Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• COVID-19 Impact on the Overall Global Industrial Starch Market
• Future Market Forecast and Growth Rates of the Total Global Industrial Starch Market and by Segments
• Market Size of Application Segments with Historical CAGR and Future Forecasts
• Analysis of Global Industrial Starch in Major Regions
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Notable Emerging Companies Mentioned in the Report

• Shubham Starch Chem Pvt. Ltd
• SPAC Starch Products (India) Private Limited
• Sanstar Bio - Polymers Ltd.
• Bangkok Starch Industrial Co., Ltd.
• Everest Starch Pvt. Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Industrial Starch Companies
• Industrial Starch Manufacturers Association
• Food Manufacturers Association
• Food Grade Chemicals Manufacturers
• Research & Development Institutes for Industrial Starch
• Industrial Starch Manufactures
• Industrial Starch Supplier
• Industrial Starch Raw Material Provider
• Investment Banks Targeting Industrial Starch Market
• Industrial Foods Manufacturers
• Food Ingredients Manufacturers
• Government Ministries and Departments of Foods
• Government Ministries and Departments of Chemicals
• Food Research Institutes
• Food Regulatory Authorities

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Industrial Starch Market: Ken Research

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Ken Research

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3 Key Insights on US$ 161 Bn Opportunity in the Global Flat Glass Market: Ken Research

With Increasing glass architecture in the residential and non-residential construction industry, rising solar energy installations across the globe, and growing demand from various end-user industries such as the Automobile industry, and Consumer Electronics Industry, the Global Flat Glass Market is Forecasted to reach ~US$ 160 Bn by 2028 says Ken Research Study.

Flat glass is made by dissolving sand, soda ash, and silica in a liquid and spreading it to the required thickness. The molten liquid is then cooled to obtain the desired product. Most flat glass is soda-lime glass, most commonly manufactured using the float glass process, but it can also be rolled or formed by sheet metal. After manufacturing, the flat glass can be bent for various types of applications. Flat glass is most commonly used for manufacturing windows, doors, mirrors, photovoltaic modules, and e-glass structures among others.

"Ken Research shares 3 key insights on this high-opportunity Global Flat Glass Market from its latest research study."

1. Flourishing Construction Industry and Demand from Automobiles and Solar Energy Sectors are the Key Factors Driving the Growth of the Market

Flat Glass is widely used in various end-user industries. These are widely utilized in residential and non-residential construction such as tabletops, mirrors, windows, coatings, flooring, ceiling, and the manufacturing of various automobile parts, etc. Additionally, Flat glass is widely used in photovoltaic modules, e-glass structures, and solar panels due to the rising need for clean energy across the globe.

According to Ken Research estimates, the Global Flat Glass Market – valued at ~US$ 85 Bn in 2017, is estimated to reach ~US$ 110 Bn in 2022 – and is expected to showcase ~US$ 160 Bn opportunity by 2028.

2. World has Seen Exponential Growth in the Flat Glass Market Due to the Opportunity to Replace Petroleum-based Products

Fossil fuels, specifically, petroleum is hazardous to our environment. Governments are imposing rules for the limited use of petroleum. Flat Glass is a great alternative to chemicals made from petroleum. Further, Flat Glass is sustainable and eco-friendly hence causing less pollution. Biofuel produced from flat glass is gaining popularity as it has several environmental benefits when compared to petroleum-based diesel fuel. Due to these reasons, the Flat Glass Market is experiencing stable growth and is expected to grow during the forecast period.

According to the USA Census Bureau report published in October 2022, the total yearly value of construction in the USA was US$ 1,067.373 Billion in August 2021, and in August 2022 it jumped almost 10.9% reaching US$ 1,183.838 Billion. Due to increasing investment in the construction industry, the requirement for flat glass is expected to increase and this is expected to propel the growth of the Flat Glass Market.

3. Increase in the Cost of raw materials is a Major Concern Which Impedes the Growth of the Global Flat Glass Market

The prices of sand, soda ash, and limestone, which are the main raw materials used in the production of glass, have been rising in recent years. This has put pressure on glass manufacturers to increase their prices which in turn affects the end-user industries. Thus, continuous increase in the price of raw material is affecting the seamless growth of the Flat Glass Market.

As per Trading Economics, in China, the price of soda ash in 2020 was around 1568 Chinese yuan and in 2021 it reached 1751.08 Chinese yuan. In 2022 price increased to around 2595 Chinese yuan. Soda ash is an alkali chemical that is mostly produced from sodium chloride and limestone. The compound is used in the manufacturing of glass.

For More Information, refer to below link:-

Global Flat Glass Distributing Companies

Related Report

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India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

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Ankur Gupta, Head Marketing & Communications

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3 Key Insights on US$125 Bn Opportunity in Global Industrial Starch Market: Ken Research

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Industrial starch is in high demand owing to its expanding use as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient, the Global Industrial Starch Market is Forecasted to reach ~US$125 Bn by 2028 says Ken Research Study.

Starch is a homopolysaccharide generated from glucose units that are stored in plants as carbohydrates. It is created from fragments of plant cells and is stored in seeds, tubers, and roots. It is used commonly in various industries such as food and beverage, feed, pharmaceuticals, and others. There are several different sources of industrial starches, including corn, potatoes, wheat, and others.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Growth of the Food and Beverage Industry is Increasing the Demand for Industrial Starch

A significant element boosting the demand for industrial starch is probably the expansion of the food and beverage sector. Starch is used in the production of frozen, packaged, and ready-to-eat foods. The market growth is projected to be positively impacted by the rapid rise in demand for such food products, particularly in developing nations.

The need for food starch is anticipated to increase because many packaged goods already include starch. Modified starch can be utilized as a fat substitute and texture enhancer in a variety of foods, including baked goods, snacks, and beverages, in addition to its functional advantages. Additionally, due to its process stability, neutral taste, natural source, and nutritional advantages, food starch is generally favored in the food and beverage industry. Demand for food starch products that would assist to improve immunity is projected to rise in the future as people place more attention on health.

According to Ken Research estimates, the Global Industrial Starch Market –grew from ~US$60 billion in 2017 to ~US$85 billion in 2022 and is expected to grow further into a ~US$125 billion opportunity by 2028.

Increasing Adoption of Industrial Starch in Various Industry Drives the Market.

In both food and non-food applications, starch and its derivatives can be used as thickeners, stabilizers, sizing agents, binding agents, and fat replacements. Additionally, the bulk manufacture of numerous biotechnological products such as organic acids, antibiotics, vitamins, and hormones uses starch derivatives as an effective fermentation foundation. Starch and its derivatives are expected to be utilized primarily in the food business, but they are also being used in a variety of other end-use applications, including paper, construction materials, and pharmaceuticals.

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Fluctuating Raw Material Cost of Starch and High investment in R&D hampering the Growth of the Market

High expenditures associated with research and development as well as the growth of the gum arabic industry are the main barriers to the industrial starch market. Costs and availability of raw materials, as well as the limited use of artificially modified starch, are majorly limiting the growth of the global market throughout the anticipated period. The expansion of the global industrial starch market is expected to be hampered by fluctuating prices for raw materials including corn, wheat, rice, and others as well as a costly initial investment. The price of raw materials varies depending on their source, manufacture, and availability.

Key Topics Covered in the Report

• Snapshot of Global Industrial Starch Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Industrial Starch Market
• Historic Growth of the Overall Global Industrial Starch Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Industrial Starch Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• COVID-19 Impact on the Overall Global Industrial Starch Market
• Future Market Forecast and Growth Rates of the Total Global Industrial Starch Market and by Segments
• Market Size of Application Segments with Historical CAGR and Future Forecasts
• Analysis of Global Industrial Starch in Major Regions
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Notable Emerging Companies Mentioned in the Report

• Shubham Starch Chem Pvt. Ltd
• SPAC Starch Products (India) Private Limited
• Sanstar Bio - Polymers Ltd.
• Bangkok Starch Industrial Co., Ltd.
• Everest Starch Pvt. Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Industrial Starch Companies
• Industrial Starch Manufacturers Association
• Food Manufacturers Association
• Food Grade Chemicals Manufacturers
• Research & Development Institutes for Industrial Starch
• Industrial Starch Manufactures
• Industrial Starch Supplier
• Industrial Starch Raw Material Provider
• Investment Banks Targeting Industrial Starch Market
• Industrial Foods Manufacturers
• Food Ingredients Manufacturers
• Government Ministries and Departments of Foods
• Government Ministries and Departments of Chemicals
• Food Research Institutes
• Food Regulatory Authorities

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Industrial Starch Market: Ken Research

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Contact Us: –

Ken Research

Support@kenresearch.com

+91-9015378249

5 Key Insights on US$ 60 Bn Opportunity in Global Thermoformed Plastics Market: Ken Research

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Driven by the rising consumption of thermoformed plastics material in healthcare and packaging industries, Global Thermoformed Plastics Market is forecasted to Cross US$60 Bn by 2028 says Ken Research Study.

Thermoforming is a plastic manufacturing process that applies a vacuum or pressure force to stretch a sheet of heated thermoplastic material over an engineered mold to create a 3-dimensional shape or part. After forming, the shaped part is trimmed and finished to a specification to meet an end user’s requirements. The process and thermoplastic materials are extremely versatile and can be utilized to manufacture parts for a wide range of applications.

 “Ken Research shares 3 key insights on this high-opportunity market from its latest research study”

1. Increasing Consumption of Thermoformed Plastics in the Packaging Industry provides an Opportunity for the Market Growth

According to Ken Research Analysis, the Global Thermoformed Plastics Market was valued at ~US$ 30 billion in 2017. It is estimated to be ~US$ 40 billion in 2022 and is forecasted to reach a market size of ~US$ 60 billion, growing at a CAGR of ~7% by 2028, due to increasing usage of thermoformed plastics in healthcare and packaging industries.

Thermoform packaging is known to be a high-quality packaging solution for any kind of food and healthcare product. Packaging of some kind of food products requires the incorporation of functional and innovative design while providing good moisture barriers, physical stress, temperature, contamination protection, and tamper resistance. The thermoforming process enhances the properties of plastic materials and makes it suitable to be recycled again. Thermoform packaging not only protects the products but also extend the shelf-life, owing to its durability resilience nature.

The players in the food industry are increasingly looking for packaging solutions that enable them to reduce the carbon footprint. As thermoformed packaging are increasingly being manufactured using 100% recyclable products, the demand is expected to grow during the forecast period. The rising trend for the development of sustainable packaging is expected to propel the players in the market to come up with product developments that enable them to meet the increasing demand.

• In October 2019, Charpak Ltd., a manufacturer of thermoformed packaging products, designed and launched a new thermoformed packaging tub that is 100% recyclable, tamper-evident, that can be used for ambient, chilled or frozen sectors, food, and non-food products.
• According to SouthPack, a custom manufacturer of packaging, stated that thermoformed packaging cost up to 15% less than packaging made from plastic injection molding.

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2. Surging Demand for Thermoformed Plastics in Healthcare Industry is Fuelling the Market Globally

The consumption of plastic packaging in the healthcare industry is expected to rise due to government funding for healthcare and pharmaceutical centers. Increasing drug production and government initiatives toward the development of healthcare and pharmaceutical sectors generate significant growth opportunities for the thermoform plastic healthcare packaging market in the coming years.

For instance, In December 2021, the Guangzhou Sino-Israel Bio-industry Investment Fund (GIBF) announced fund of US$ 300 million for joint drug development ventures. The drug development process includes the equipment and procedures that requires the use of thermoformed plastics.

Furthermore, plastic healthcare packaging formats are preferred by consumers, as these not fragile and are easy to handle compared to alternative packaging solutions available in the market. Manufacturers prefer plastic packaging for healthcare owing to anti-microbial properties and reduced risk of breakage.

Moreover, the increasing demand for surgical masks during the pandemic has created a golden opportunity for the plastic packaging industry.

According to United Nations International Children's Emergency Fund (UNICEF), in 2020, about 301.3 million surgical masks and 22.2 million N95 ventilator kits were distributed in 127 countries. The steady increase in manufacturing, production, and distribution activities required use of thermoformed plastics, which helped in the growth of the market.

3. Volatile Raw Material Prices for Thermoformed Plastics is the Major Challenge Faced by The Thermoformed Plastics Market

Crude petroleum is an important raw material used in the production of organic chemicals, which are in turn used as inputs into the production of more-processed goods, such as plastics products. Major Asian petrochemical manufacturers are under immense pressure as geopolitical turmoil in the Middle East is severely affecting the supply of crude oil.

In April 2019, the attacks on Saudi Aramco’s oil processing facilities at Abqaiq and Khurais on resulted in an immediate price spike of 10% to 12%. The plastic industry faces the effects of the continuous rise and dips in the prices of crude oil.

The most basic ingredients for the manufacturing of plastic, such as ethylene and propylene, are obtained from crude oils. The monomers are then converted into polymers such as polyethylene, polypropylene, and other materials. The supply-demand shifts cause price volatility in plastics globally. As a result, changes in crude oil prices significantly impact the cost of thermoformed polymers.

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Key Topics Covered in the Report

• Snapshot of Global Thermoformed Plastics Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Thermoformed Plastics Market
• Historic Growth of Overall Global Thermoformed Plastics Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Thermoformed Plastics Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Thermoformed Plastics Market
• Future Market Forecast and Growth Rates of the Total Global Thermoformed Plastics Market and Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Thermoformed Plastics Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Emerging Companies Mentioned in the Report

• Vaquform
• Janco, Inc
• Penz Products, Inc.,
• Hagans Plastics Co., Inc.
• Engineered Plastic Products, Inc.
• Woodstock Plastics Co., Inc.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Thermoformed Plastics Market
• Thermoformed Plastics Manufacturers
• Thermoformed Plastics Suppliers
• Polymethyl Methacrylate (PMMA) Thermoformed Plastics Suppliers
• Bio-degradable polymers Thermoformed Plastics Suppliers
• Polyethylene (PE) Thermoformed Plastics Suppliers
• Acrylonitrile Butadiene Styrene (ABS) Thermoformed Plastics Suppliers
• Poly Vinyl Chloride (PVC) Thermoformed Plastics Suppliers
• High Impact Polystyrene (HIPS) Thermoformed Plastics Suppliers
• Polystyrene (PS) Thermoformed Plastics Suppliers
• Polypropylene (PP) Thermoformed Plastics Suppliers
• Thermoformed Plastics Distributors
• Emerging and Startup Thermoformed Plastics Companies in the Market
• Different Types of Thermoformed Plastics Institutes
• Government Departments of Polymers
• Ministries and Departments of Agriculture
• Ministries and Departments of Packaging
• Ministries and Departments of Healthcare
• Importers and Distributors of Thermoformed Plastics
• Environmental Regulatory Authorities

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

For More Information on the Research Report, refer to below links: –

Global Thermoformed Plastics Market: Ken Research

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Contact Us: –

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The Covid-19 pandemic is a catalyst in exhilarating and paving way for newer companies to enter the BNPL space in the country coupled with external investments made in the industry: Ken Research

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No Interest Credit Payments: One of the major reason as to why BNPL is a robust mechanism inside South Africa is due to the fact that customers are allowed to pay the money in three equal instalments with no interest fee. Although, there is a carry forward fee in case the shopper misses the payment deadline, it still is almost negligible making the industry quite lucrative in a region with less per capita income. With a population of ~61 million and USD ~426 Bn GDP as of 2022, South Africa’s economy has been growing at a CAGR of 4.7% during 2016 and 2022.

Disruption Penetrated by COVID-19 Pandemic: The South Africa BNPL market boomed during COVID-19 pandemic as huge chunk of the residents lost their jobs during this period and were surviving on their savings and this push forwarded the need for extra credit line which was catered by the BNPL services. Providers such as PayFlex and PayJust Now are making robust efforts to sustain the rising interest in consumer credit financing.

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Lack of Awareness in the Consumer Segment: Inception of digital payments is still comparatively new in the African market and thus rural consumer segments find themselves being unaware of the latest trends in the BNPL industry. This when coupled with the digital divide in the urban-rural setting is a massive challenge for merchants and BNPL players in South Africa due to lack of means of financial awareness in the country.

South African National Payments System: The South African National Payments System (NPS) was launched in November, 1995 and it was a collaborative effort between South African Reserve Bank and the banking industry. The strategy it envisioned encompasses fundamental principles and critical success factors for reforms in the domestic payment mechanism in the Republic of South Africa. All cards issuing, acquiring and acceptance services must be in compliance with South African legislation. The directive aims to address transactions occurring within South Africa between domestic parties, where such transactions are processed as if they were cross-border transactions as a result of involvement of a foreign card issuer.

Analysts at Ken Research in their latest publication “South Africa Buy Now Pay Later Market Outlook to 2027 – Driven by digitalization, government support, increasing working age population, with upsurge in Gen-Z & millennials population coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research observed that increasing adoption of cashless society with emergence of digital payments fueled by surging working age class will drive the traction of BNPL industry among the users in South Africa. Increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services. Buy Now Pay Later industry in South Africa is expanding at a CAGR of 35.1% in between 2022P and 2027E.

Key Segments Covered: -

 South Africa BNPL Market

By mode of payment (by Revenue) 2022 and 2027: 

• Online
• Offline

By End Users (by Revenue) 2022 and 2027:

• Retailers
• Food Merchants
• Travel Merchants

By Age Group of Users (by Revenue) 2022 and 2027:

• Below 20 years
• 20-40 years
• Above 40 years

Key Target Audience:

• Bankers and associations
• Government associations
• Corporates
• Investment firms
• Government Bodies & Regulating Authorities
• Fintech companies
• Venture capitalists

Time Period Captured in the Report:

• Historical Year: 2019-2021
• Base Year: 2022
• Forecast Period: 2023– 2027F

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Companies Covered:

• TymeBank
• PAYJUSTNOW
• Mobicred
• PayFlex

Key Topics Covered in the Report:

• BNPL Industry positioning
• Socio demographic Outlook of South Africa
• Presence of Global BNPL Players
• Trends of BPNL Industry
• Market size of BPNL
• BNPL transaction process
• Key Features and developments in South Africa BPNL
• SWOT Analysis of South Africa BNPL
• Issues and Challenges in South Africa BNPL
• Investment Analysis of players in BNPL Space
• Role of Government and regulations in South Africa BNPL
• Porter’s Five force Analysis in South Africa BPNL7
• Future Market Size of BNPL

For More Information on the research report, refer to below link: -

Buy Now Pay Later industry in South Africa

Related Reports by Ken Research: -

KSA Buy Now Pay Later Market Outlook to 2027

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz & millennials population coupled with shifting preference towards easy interest free extra credit line sources

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3 Key Insights on Competitive Landscape in the Global Fingerprint Sensor Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Regional Players, finds a recent market study on Global Fingerprint Sensor Market by Ken Research

The fingerprint sensor is a category of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

The fingerprint sensor finds wide adoption in smartphones, biometrics access control devices, security door locks, and other IoT-based devices. Some other applications of fingerprint sensors are voter registration and identification, border control via passport verification, and weapon activation.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study

Global Players Constitute ~10% of the Total Number of Competitors While Regional Companies comprise 30% of the Total Number of Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the Fingerprint Sensor Market. The large global players comprise about ~10% in terms of the number of companies and Country Niche players account for ~60% total number of companies. Most of the country’s niche players operate in providing access control solutions to small and medium enterprises in developing countries, especially in India, China, the Philippines, Vietnam, and other South Asian countries.

Leading Global Players' Ongoing Efforts To Provide Fingerprint Sensor Solutions To A wide range of Fingerprint Sensor Industries Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as Fingerprint Cards AB, Egis Technology, Vkansee technology Inc., CMOS Sensor Inc., and Touch Biometrix are highly focused on providing specialized solutions regarding fingerprint sensors and possess advanced techniques that can be used across multiple industry verticals. Furthermore, several companies and organizations are aggressively investing in R&D to increase the development of fingerprint sensor solutions.

• In January 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. With this technology, users can wave their hands easily and quickly to have their four fingerprints 3D-scanned and confirmed in a fraction of second
• In January 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to bring biometric cards to Poland. When using this card for the transaction, the payment is authorized through biometric verification of the fingerprint of the cardholder, regardless of any amount.

Governments Initiatives to Promote the Adoption of Fingerprint Sensor Technology in Major Regions

• In 2020, the Indian Government mandated biometrics for Aadhar validation in government schemes. The Aadhaar database enables government & private sector organizations to validate the users with their Aadhaar records. Aadhaar Authentication Ecosystem is a procedure by which a person’s Aadhaar number, along with their biometric and demographic information, is sent to CIDR (Central Identities Data Repository) for validation.
• According to The Foreign Biometric Exchange (FBE) Program, biometrics are obtained from foreign law enforcement partners and this is the primary mission of FBE. The biometric records belong to individuals of interest to partner countries, the United States, or the international law enforcement community, and also include individuals associated with or appropriately suspected of terrorist activity, egregious crimes, or transnational criminal activity.

 For more information on the research report, refer to the below link:-

Global Fingerprint Sensor Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
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3 Key Insights on Competitive Landscape in the Global Flat Glass Market: Ken Research

Few Diverse Global Players Dominate the Market Holding the Majority Revenue Share Despite the Presence of ~300 Competitors Comprising a Large Number of Regional Players and Country-Niche Players, finds a recent market study on the Global Flat Glass Market by Ken Research

Flat glass is made by dissolving sand, soda ash, and silica in a liquid and spreading it to the required thickness. The molten liquid is then cooled to obtain the desired product. Most flat glass is soda-lime glass, most commonly manufactured using the float glass process, however, it can also be rolled or formed by sheet metal. After manufacturing, the flat glass can be bent for various types of applications.

Flat glass is most commonly used for manufacturing windows, doors, mirrors, photovoltaic modules, and e-glass structures among others.

“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.”

Global Players constitute ~5% of the Total Number of Competitors and Hold the Largest Revenue Share While Regional Players Also Have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the Global Flat Glass Market is highly competitive with ~500 players which include globally diversified players, regional players as well as country-niche players having their niche in the Flat Glass Market for various end-user industries. The global players comprise about 5% in terms of the number of companies and hold around 40% of the market revenue share followed by regional players that account for nearly 35% of the market revenue. Most of the country-niche players are local producers of Flat Glass and its derivatives.

Leading Global Players Focus on Production Facility Expansion and Partnership to Cater the Wider End-user Audience

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as Tomakk Glass Partners, Flat Glass Group Co. Ltd., Compagnie de Saint-Gobain S.A., and others are highly focused on advancing their products and processes to improve their product quality that can be used in multiple end-user industries like construction & Infrastructure, automotive & transportation, solar energy, consumer electronics, etc. Several companies are involved in strategic developments such as production facility expansion, partnerships, and fulfilling carbon-neutral commitments.

• In August 2020, Tomakk Glass Partners announced the launch of its tempered glass fabrication facility in the USA to cater to the rising demand from the commercial, residential, and architectural application segments.
• In February 2021, Flat Glass Group Co. Ltd. and JinkoSolar Holding Co. Ltd has signed a contract for solar glass procurement. Flat Glass Group Co. Ltd. Has secured the order of nearly 338 million square meters of rolled glass to support the production of 59GW of solar modules for three years from 2021 to 2023.

Increased Initiatives of Governments Propelling the Growth of the Flat Glass Market

• In the European Union, the European Commission as well as national governments and employers’ associations have taken initiatives and designed to invest in a sustainable industrial policy for glass manufacturing to foster the growth of the flat glass industry.
• In October 2020, UK government announced funding of £ 54 million to develop a glass R&D facility at St Helens. This will revive the closed United Glass facility of St Helens which will be capable of producing 30 tonnes of sustainable glass a day.

In May 2022, Compagnie de Saint-Gobain S.A. announced that the company has achieved zero carbon production of flat glass by using recycled materials and green energy. This initiative is expected to support the company’s strategy to target carbon neutrality by 2050.

For More Information, refer to below link:-

Flat Glass Raw Material Suppliers

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Ankur Gupta, Head Marketing & Communications

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3 Key Insights on US$ 9 Bn Opportunity in the Global Fingerprint Sensor Market: Ken Research

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Driven by the rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security, the Global Fingerprint Sensor Market is forecasted to cross ~US$ 9 Bn by 2028 says Ken Research Study

Fingerprint sensing is one of the prominent access control methods which has gained immense popularity in recent times. The fingerprint sensor belongs to the family of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

According to Ken Research estimates, the Global Fingerprint Sensor Market – which was valued at US$ ~3 Bn in 2017, is estimated to reach the US $5 Bn in 2022 – and is expected to grow further into a more than US$ 9 Bn opportunity by 2028.

Ken Research shares 3 key insights on this high opportunity market from its latest research study.

1. Global Fingerprint Sensor Industry has Seen Stable Growth Owing to an Increase in the Adoption of Biometric Fingerprint Sensors across the Globe

The Global Fingerprint Sensor Market is expected to witness stable growth during the forecast period 2022-2028 primarily due rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security.  Furthermore, post the COVID-19 pandemic, the Fingerprint Sensor Market gained pace due to increased penetration of smartphones which created better opportunities for new entrants as well as established players in the studied market.

Fingerprint sensors have been serving as a primary security phase in smartphones. Even though iris scanners and facial recognition sensors are taking up the pace, their higher cost encourages various enterprises to stick to fingerprint sensing only. Moreover, in certain cases, facial recognition has proven more vulnerable than fingerprint sensing.

2. The Rising Adoption of Smartphones is Driving the Fingerprint Sensor Market

The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011. The adoption of Smartphones is expected to increase to 85% by 2025 from 81% in 2021 according to Global System for Mobile Communications Association (GSMA) which is expected to create more opportunities in the studied market. In 2021, Fingerprint Cards AB launched FPC1553, which is the company’s third-generation slim, side-mounted capacitive touch sensor. This is fused in the Honor X40i, Moto g32, and Vivo Y77 smartphones. The FPC1553 is the latest output of their continuous development in the capacitive segment of fingerprint sensors for smartphones.

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With fingerprint scanners, various banking and government-based mobile applications allow transactions via mobile phone only by authenticating fingerprints. For instance, the Federal Bureau of Investigation (FBI) depends on its partnerships with tribal, state, local, and federal agencies to collaborate on the development of important programs such as the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC).

3. High Cost Involved in the Development of Biometric Sensors is Affecting the Fingerprint Sensor Market’s growth

The growth of the fingerprint sensor market is hampered by several factors that include cost and substitute products. Although fingerprint sensors are used as a primary authentication device in various banking and government facilities, the high cost that is involved in the development of various biometric sensors is challenging to afford for everyone and hence it affects the market demand globally. The high production cost of raw materials is another important factor that prevents the market growth of the fingerprint Sensors Market Globally.

According to Bayometric, a global supplier of fingerprint scanners, single sign-on solutions, and access control systems, on average, fingerprint readers/sensors are priced anywhere from $50-$2,500 each depending on the certifications, brand, type of sensor, etc

For more information on the research report, refer to the below link:-

Global Fingerprint Sensor Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249