Big Data Services Market

Big Data Services Market Growth, Trends, Key Players, Competitive Strategies and Forecasts 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Big Data Services Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Big Data Services Market for Oil & Gas Industry is expected to reach US$ 33.5 Bn by 2023, expanding at a CAGR of 17.3% between 2016 to 2023.

Market Insights

Big Data in oil & gas refers to the large volume of data generated at high velocity in variety of format such as structured, unstructured data generated by various processes and financial transactions in oil & gas industry. Volatile oil prices and increasing competition in oil & gas industry has derived the need for smart decision making using big data analytics as a tool.

Browse the full Global Big Data Services Market for Oil & Gas Industry by Component, Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/big-data-services-market

Early adopters of the big data services using big data to create various predictive models from images of earth surface to forecast the availability of oil and also track activities of well operations such as production rate, pressure and equipment performance for efficient operations by reducing non-productive time. Big data is used to derive meaningful information for better decision making using various analytical tools and techniques.

Big data services market is expected to gain robust growth over the forecast period by virtue of low profit margins due to high competition and volatile oil prices coupled with development of non-conventional exploration and production techniques for oil recovery form shale rock. Introduction of cloud based storage along with development of various storage solutions such as Hadoop Distributed File System (HDFS) has provided the platform to store variety of data. Various big data service provider offers professional services to the oil companies to help them in choosing right big data solution matching their business requirements. Increasing awareness about the big data and associated advantages coupled with increasing competition are anticipated to augment the demand big data services for oil & gas industry during the forecast period (2016-2023). However, shrinking IT budget due to slowdown in oil & gas industry is expected to restrain the growth of big data services market during the forecast period (2016-2023).

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Competitive Insights:

Global big data services for oil & gas industry is segmented on the basis of component, application and geography. By component, services segment is projected to be the most dominant segment as oil & gas companies are seeking assistance in selecting the right infrastructure suiting their business requirements. Considering application, the upstream segment is anticipated to be the largest segment over the forecast period (2016-2023) owing to increasing complexity in exploration and production of oil & gas from shale rocks and deep water drilling coupled with high involvement of capital expenditure. The key players in the market are focusing on training & development for increasing awareness about big data along with development of new software to match the business requirements of the oil & gas industry.

Overall, global big data services market for oil & gas industry is projected to register robust growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new products
  • Trainings & development programs

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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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

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Copper Oxychloride Market

Copper Oxychlorid Market Analysis, opportunities Trends And Industry Strategies 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Copper Oxychloride Market – Growth, Opportunities, Share & Competitive Analysis, 2016 – 2023” the global copper oxychloride market was valued at US$ 248 Mn in 2015 is expected to reach over US$ 343 Mn by 2023, expanding at a CAGR of 4.4% from 2016 to 2023.

Market Insights

Copper Oxychloride, which is also known as basic cupric chloride, having chemical formula CuCl23Cu(OH)2is found in natural minerals and also produced synthetically. Copper oxychloride is used in fungicides, colorants & pigments, commercial feed supplements, etc. Fungicides are the major application of copper oxychloride as these products have become indispensable for protecting crops and plants from damage and destruction caused by fungi. It is toxic for fungi and safe for crops and plants. Copper oxychloride is used as colorant& pigment, and wood preservative when it is used in concrete for flooring.

Browse the full Global Copper Oxychloride Market (Applications: Fungicide, Colorants and Pigments, Commercial Feed Supplement and Others (Reagent, Catalyst, etc.))- Growth, Share, Opportunities, Competitive Analysis, And Forecast 2015 – 2023 report at http://www.credenceresearch.com/report/copper-oxychloride-market

It is also used in commercial feed supplements as copper is one of the most important trace minerals essential in many enzymes. To support development and good health of animals, copper is frequently added to their feed.The global copper oxychloride market was valued at US$ 248Mn in 2015, and is expected to reach US$ 343Mn by 2023, expanding at a CAGR of 4.4% from 2016 to 2023.Asia Pacific accounted as the largest and fastest growing regional market for copper oxychloride in 2015 and is expected to retain its dominance during the forecast period.Europe accounted as the second largest market for copper oxychloride and is expected undergo perpetual growth in the near future. Other regions such as North America, Latin America and Middle East & Africa are also expected experience boost in demand for copper oxychloride in the market during the forecast period from 2016 to 2023.

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Competitive Insights:

Key players operating in the copper oxychloride market includes Biota Agro Solutions Private Limited, IQV, IsagroS.p.A., ManicaS.p.A., KillicksPharma, Albaugh LLC, Spiess-Urania, Syngenta, etc. IQV, Isagro S.p.A. and Albaugh, LLC are global top three players accounting over 50% market share.

Many companies are increasing their footprint in growing Asian market by mergers, acquisitions, long term licenses and joint ventures. In December 2014, Isagro S.p.A signed a long term license, development, distribution and supply agreement with Rotam Agrochemical Company Ltd. to evaluate the possible exploitation of certain combination products in China, Taiwan and Indonesia. In August 2016, Albaugh LLC declared that it has signed an agreement with Marrone Bio Innovations, Inc. (MBI) – a major provider of pest management and plant health products to develop and market one of MBI’s products.

Key Trends:

  • Asia Pacific is the largest and fastest growing regional market
  • Increasing agricultural production to act as the most prominent market driver
  • Growing awareness about new technologies and products
  • Increasing demand from agriculture and horticulture
  • Government restriction on use of pesticides

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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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Fire Protection Systems Market

Fire Protection Systems Market Forecast And opportunities Trends, Size, Drivers 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Fire Protection System Market for Oil & Gas Industry- Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Fire Protection System Marketfor Oil & Gas Industry is expected to reach US$ 8.7Bn by 2023, expanding at a CAGR of 6.8% during the forecast period 2016 to 2023.

Market Insights

Fire protection system refers to the system used to prevent or extinguish fire the spread of fire. Oil & gas operations in highly hazardous in nature and hence need additional level of preventionin order to avoid any uncontrolled fire or spillage. Fire protection systems are widely used in oil & gas installations and is one of the mandatory requirements.

Browse the fullGlobal Fire Protection System Market for Oil & Gas Industryby Product Type, Application, Technologyand Geography- Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/fire-protection-system-market

Fire protection system market for oil & gas industry to gain momentum with increasing operational activities in oil & gas installation coupled with the growing exploration and production activities is anticipated to drive the demand for fire protection systems in oil & gas industry. Further, growing concerns to prevent accidents influencing regulatory bodies to enforce policies to mandatorily use of fire protection system to restrict any fire or oil spill during oil & gas operations. Moreover, increasing demand for fossil fuels along with development of automated fire protection system is expected to augment the growth of global fire protection system over the forecast period. However, high installation cost along with volatileoil prices restraining further investment in new projects which in turnis expected to hamper the growth of fire protection system market for oil & gas industry during the forecast period (2016-2023).

Competitive Insights:

Global fire protection system market for oil & gas industry is segmented on the basis of product type, application, technology and geography. By product type, fire managementsystem segment is projected to be the most dominant segment with due to high adoption of fire extinguisher and sprinklers system in oil & gas installations.Followed by it, fire analysis is expected to be the fastestgrowing segment due to increasing demand for fire analysis software in order find the root cause for the accident occurred in past. Thus, helping decision maker to take more effective. The segment is anticipated to gain significant market share by 2023.

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The key players in the market are focusing onincreasing their market penetration through mergers and acquisitions of small players. Further, market is expected to witness development of new products as leading players in the fire protection system market are investing significant amount in research and development to make fire protection system more effective.

Overall, global fire protection system market for oil & gas industryis projected to register significant growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Investment in research and development

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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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Artificial Lift Systems Market

Artificial Lift Systems Market Forecast And opportunities Trends, Size, Drivers 2017 – 2025 – Credence Research


​According to a new market report published by Credence Research “Global Artificial Lift System Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Artificial Lift System Market is expected to reach US$ 19.8 Bn by 2023, expanding at a CAGR of 4.7% during the forecast period 2016 to 2023.

Market Insights

Artificial lift system in oil & gas industry refers to use of artificial means to increase to flow of the crude oil from the well. Artificial lift system is a kind of enhanced oil recovery technique widely used to improve the well productivity especially for matured reserves as well as reserves with high viscosity crude oil. Artificial lift system is low cost conventional enhanced oil recovery technique used to improve production from oil well. It is done through various methods such as increasing extraction rate using submersible pumps which is the most popular artificial lifting method. Other methods such as rod lift, gas lift and progressive cavity pumps are expected to gain traction over the forecast period.

Browse the full Global Artificial Lift System Market by Type and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/artificial-lift-system-market

Artificial lift system market is expected to gain impulse with growing demand for fossil fuel coupled with increasing number of mature reserves across the globe expected to drive the demand of artificial lift system. Further, volatile oil prices influencing oil companies to reduce their per barrel cost of oil production. Thus, demand for enhanced oil techniques such as artificial lift system is expected to increase during the forecast period. Moreover, growing number of matured reserves and increasing exploration of non-conventional reserves are expected to fuel the demand for artificial lift system over the forecast period (2016-2023). However, high initial installation cost and lack of skilled labour for artificial lifting are expected to hamper the growth of artificial lift system market during the forecast period (2016-2023).

Competitive Insights:

Global artificial lift system market is segmented on the basis of type and geography. By type, electrical submersible pumps segment is projected to be the most dominant segment with due to high adoption of submersible pumps in artificial lifting of hydrocarbons from the oil well. Followed by it, rod lift is expected to be the fastest growing segment due to increasing adoption of the method as it is cost effective and considered as most of efficient method to extract hydrocarbons. The segment is anticipated to gain significant market share by 2023.

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Leading players in the market such as Weatherford, Schlumberger Limited and Baker Hughes Incorporated collectively accounts for over 50% of the revenue share in global artificial lifting market. Key players are focusing on increasing their market penetration through mergers and acquisitions of small players. Further, artificial lifting market is expected to witness development of new products as leading players in the artificial lifting market are investing significant amount in research and development to develop for efficient methods to increase the extraction rate of hydrocarbons.

Overall, global Artificial Lift System Market is projected to register significant growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Investment in research and development
  • New techniques development

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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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Powder Coating Market

Powder Coating Market Share, Trends, Global Price, Company Profiles, Demand, Insights 2017 – 2025 – Credence Research


​According to a new market report published by Credence Research Inc., “Powder Coatings Market by Resin Type (Epoxy, Polyester, Epoxy-Polyester, Acrylic, Polyurethane and Others), by Application Type (Consumer Goods, Automotive, Architectural, General Industries, Furniture and Others)” – Growth, Future Prospects, Competitive Analysis, 2016 – 2023”, the worldwide powder coatings market was valued at US$ 8.70 Bn in 2015. In the same year, in terms of volume the powder coatings market was 2.36 Million tons.

Market Insights:

The global powder coatings market is projected to grow significantly during the forecast period. Rising applications of powder coatings in various sectors such as automotive, furniture and appliances among others is the major factor driving the market growth.

Browse the full report at http://www.credenceresearch.com/report/powder-coating-market

Moreover, advantages of powder coatings over traditional wet paints such as high resistance to corrosion, durability, cost-effective, and high-quality finish is another factor contributing towards the market growth. Powder coatings are environment friendly as they are solvent free thus result in negligible emissions of volatile organic compounds (VOC). Therefore, have high support from the government regulatory such as REACH and EPA, thereby fueling demand. However, application and design issues are inhibiting the market growth. High consumption of energy is another factor restraining the market growth over the next six years.

Emerging economies such as India, China, Malaysia, Brazil, and some GCC countries offers lucrative growth due to strong growth in automotive industry. Growing demand for furniture along with the availability of the product is projected to propel the market growth. Continuous innovation and technological advancements is projected to further expand market opportunities.

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Competitive Insights:

The market is moderately fragmented with top ten participants accounted for 45% share of the global market in 2015. AkzoNobel, PPG, Sherwin Williams and Axalta are some of the prominent players present in this market. To increase their foothold in the market companies are focusing on various product innovation. Some of the others key players present in this market are Jotun, BASF and Nippon Paint among others.

Key Trends:

  • Emerging economies offers huge untapped market potential
  • Advancement in technologies provide huge market opportunities
  • Rising demand for powder coatings from various end use sectors

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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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Thermoformed Plastic Products Market

Global Study On Thermoformed Plastic Products Market Shares, Strategies And Forecasts Worldwide 2017 – 2025 – Credence Research


​According to a new market report published by Credence Research “Global Thermoformed Plastics Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Thermoformed Plastics Market is expected to reach 506.3 Kilo Tons by 2023, expanding at a CAGR of 4.1% during the forecast period 2016 to 2023.

Market Insights

Thermoforming is process of molding plastic sheet to desired shape using pliable temperature & pressure. Plastic sheets after molding is trimmed to form a usable product. Thermoformed plastics finds application in various food packing, appliances, healthcare products packaging, and in automobiles. Thermoforming plastics are preferred as the packaging material due to low cost and its aesthetic appearance of the products.

Browse the full Global Thermoformed Plastics Market by Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/thermoformed-plastics-market

Global thermoformed plastic market is expected to gain momentum with growing demand for food packaging products due rising demand for convenience food. Further, growing demand from automobile industry for various light weight parts with the focus to improve vehicle efficiency is anticipated to augment the growth of the thermoformed plastic market during the forecast period. Moreover, increasing number of application in automobiles industry such as bumpers, dashboards, and packaging of automobiles parts is anticipated to fuel the demand for thermoformed plastics over the forecast period (2016-2023). However, volatile raw material prices and high labour cost is expected to hamper the growth of thermoformed plastic market during the forecast period (2016-2023).

Competitive Insights:

Global thermoformed plastic market is segmented on the basis of application and geography. By application, food packaging segment is projected to be the most dominant segment with due to increasing demand for packaging food owing to growing food safety standards and changing lifestyle influencing the demand for convenience food. The segment is anticipated to continue its dominance over the forecast period. Followed by it, healthcare products packaging se segment is expected to be the fastest growing segment due to increasing adoption of the method as it is cost effective and considered as most of efficient method to extract hydrocarbons. The segment is anticipated to gain significant market share by 2023.

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Leading players in the thermoformed plastics market includes Anchor Packaging, Associated Packaging Technologies, Brentwood Industries, Clear Lam Packaging, D&W Fine Pack, Pactiv, Peninsula Packaging and others. Key players are focusing on increasing their market penetration through mergers and acquisitions of small players.

Overall, global thermoformed plastics market is projected to register significant growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Capacity expansion
  • Research & development of new products

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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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Bioplastic Packaging Market

Bioplastic Packaging Market Opportunities, Trends, Size And Market Share 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Bioplastic Packaging Market – Growth, Future Prospects, and Competitive Analysis 2016 – 2023,” the bioplastic packaging market has been estimated to be valued at US$ 6,765.9 Mn by the end of 2016, and is expected to reach US$ 46,490.5 Mn by 2023, expanding at a CAGR of 31.7% from 2016 to 2023.

Market Insights

The requirement for sustainable and affordable packaging for varied range of products across different industry including food and beverage has inclined over the past few years. The bioplastic packaging has gained traction all over the world due to adaptation of the products by different manufacturers. The bioplastic packaging is different from non-bioplastic packaging as former degrades completely and quickly when decomposed without any poisonous emission.

Browse the full Bioplastic Packaging Market by Application, Product Type, and Geography – Growth, Future Prospects, and Competitive Analysis 2016 – 2023 report at http://www.credenceresearch.com/report/bioplastic-packaging-market

The sector of bioplastic 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. However, increasing consumer awareness related to utilization of biodegradable based products is anticipated to intensify the growth of the bioplastic packaging market till 2023.

Increasing significant 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 bioplastic packaging market over the forecast period. Apart from this, advanced production process and innovation in technology adopted by bioplastic packaging manufacturers is expected to spur the growth of overall bioplastic packaging market during the period 2016-2026.

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Competitive Insights:

Bioplastic packaging market is segmented on the basis of product type such as Bio-PET, PLA and PLA Blends, Starch Blends, others. In 2015, Bio-PET segment contributed the highest revenue share of the total bioplastic packaging market. The starch blends packaging is anticipated to expand at a robust CAGR till 2023. The global bioplastic packaging market is further bifurcated by application which includes food & beverages, kitchen utensils, electronics industries, and others. Food and beverages segment marked the highest revenue share in bioplastic 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 segment during the forecast period.

Key Trends:

  • New product development
  • Educating consumers about bioplastic packaging
  • Rising trends of eco-friendly products

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. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/