PPC Flexible Packaging acquires Utah’s Temkin International Inc.

PPC Flexible Packaging, LLC, a leading custom flexible packaging provider for food and healthcare industries, has recently acquired the Utah-based flexible film packaging firm, Temkin International, Inc.

Reportedly, PPC is renowned for flexographic printing and for converting flexible films, pouches and bags. Moreover, the company is recognized for pioneering cleanroom packaging for healthcare and medical applications, ‘better for you’ snack organic products, pet food and bakery. Founded in 1968, PPC operates three manufacturing facilities in Buffalo Grove, IL, Rome, GA and Mission, KS. Its facilities are SQF and ISO-9001 certified and aim to provide the highest quality products with best-in-class lead times and service.

Temkin International, founded in 1980, offers superior packaging products to customers by focusing on the core principles of service and value. The company is recognized for providing rollstock, floral sleeves and stand-up pouches and operates advanced manufacturing facilities in Payson, UT and Bogota, with offices in Miami and Toronto. Offering in-house graphics and plate making capability, Temkin is known for speed to market in key target segments including food, floral, stationary and fresh produce. The company is AIB certified, cite sources.

Kevin Keneally, CEO, PPC Flexible, was quoted saying that the company is thrilled to join forces with Temkin’s outstanding team. He added that PPC Flexible is looking forward to leveraging its world-class manufacturing, pre-press and graphics operation to expand its footprint and provide deeper proficiencies in stand-up pouch, flexographic printing and plate making.

As per Danny Temkin, Founder, Temkin International, the company, since its inception, have been at the forefront of providing customers with high quality packaging through best in class printing and use of innovative converting technology. Temkin is excited to collaborate with PPC to jointly deliver high quality products and service to customers, he said.

As per reliable sources, the new company will operate under the name PPC Flexible Packaging and will continue to operate under the renowned Temkin brand.

Source – http://packingmaterials.org/ppc-flexible-packaging-acquires-utahs-temkin-international-inc/

Tata Global Beverages plans to establish a tea packaging unit in Odisha

Tata Global Beverages Limited (TGBL), a renowned Indian multinational non-alcoholic beverages company, has reportedly announced that it intends to establish a brand-new tea packaging unit at the Tata Steel Special Economic Zone located in Odisha.

Reports cite, the Kolkata-headquartered company would be investing over INR 100 crores for setting up the packaging unit. The unit would reportedly be used as a base of operation to manufacture and store tea and would also double as a warehouse for all of the company’s products, including ones from its associates, subsidiaries and joint venture (JV) firms.

According to a report by the Dalal Street Investment Journal, the plant is expected to have a scalable capacity of over 36 million kilogram per annum. The company has already signed a Letter of Intent (LOI) with Tata Steel Special Economic Zone Limited – a 100% Tata Steel Limited subsidiary – for the construction of the tea packaging facility.

The LOI was reportedly signed by the two companies on the 12th of November 2018 during the Make in Odisha conclave that was held in Bhubaneshwar, Odisha.

Tata Global Beverages Ltd reportedly stated in a regulatory filing that the company has entered into a LOI along with Tata Steel Ltd in order to construct the unit inside the Gopalpur Industrial Park in Odisha and to jointly raise the INR 100 crore investment over a period of time.

Meanwhile, Tata Global Beverages Ltd shares traded at about INR 217.05 – dropping down about 1.3% or INR 2.85 from the share’s previous trading rate of about INR 219.90 on BSE. The script, which opened at about INR 220 has been fluctuating between INR 216.75 and INR 221. So far approximately 4,17,764 (NSE+BSE) shares have been traded.

According to reports, the tea packaging unit is expected to be operational by year 2020 and would be requiring all regulatory and statutory clearances.

Carpenter buys LPW Technology for $81M to expand additive portfolio

Carpenter Technology Corporation, premium specialty alloy producer, has acquired the leading metal powder and powder lifecycle management solutions company LPW Technology Ltd, reports have confirmed. Valued at nearly $81 million, industry experts say the deal could propel Carpenter to the forefront of the additive manufacturing (AM) powders industry.

LPW Technology has gained global recognition as a provider of powder management solutions and metal AM powders. It has grown substantially in recent years owing to investments from companies like Stratasys, partnerships for developing alloys and the opening of a new £20 million powder production facility this past June.

The company has around 80 employees with operations in Pittsburgh, Pennsylvania as well, and has annual capacity of 600 tons for producing AM powders. Carpenter would be able to leverage LPW’s metal powder lifecycle management solution by combining with its own proficiency in producing metal powders used in AM.

Records show that Carpenter has been significantly expanding its additive portfolio, with investments in electron beam and PBF services firm CalRAM and titanium powder producer Puris. The company had also recently revealed that an Emerging Technology Center would be constructed in Athens, Alabama.

Sources familiar to the matter said Carpenter will now gain access to LPW’s lifecycle management solutions that offer a deep understanding into the behavior of metal powders before, during and after they are processed, via powder-bed fusion AM. The powder management technology allows the monitoring and tracing of metal powders by manufacturers, for asserting quality control and ensuring reliability throughout the production process.

LPW founder Phil Carroll stated that the company’s enabling technology and innovative platforms would be further solidifying Carpenter’s position as an end-to-end, next generation Additive Manufacturing solutions provider.  LPW will aid Carpenter to continuously grow and reach a leadership position in AM, he added.

Source @ http://allchemresearch.com/carpenter-lpw-technology-additive-portfolio/

DST aims to incorporate advanced materials onto military platforms

The Defence Science and Technology (DST) Group, a part of the Australian Department of Defence, has apparently put forth invitations for research proposals from universities and small businesses. As per reliable sources, the DST Group has been working to help the department come up with innovative ways to integrate advanced materials onto military platforms.

Further from the sources, the United Kingdom’s Defence and Security Accelerator (DASA) and the DST have also planned to collaborate on research in order to find new joining technologies that would provide defense in both the countries with an improvised capability via enhanced performance and increased durability.

An official report by the DST claims that the technologies are likely to be inclusive of innovative methods for the production of graded material, novel adhesives aimed at improving longevity in body armor, or advanced processes to integrate new joining techniques onto the existing structures.

Sources familiar with the knowledge of the matter cite that the initiative is essentially a part of the SBIRD (Small Business Innovation Research for Defence) program. For the uninitiated, the SBIRD is a Defence innovation initiative equipped with an aim to encourage innovators for developing breakthrough technologies for the Australian Defence Force. It is managed via the Next Generation Technologies Fund, claim credible sources.

If reports are to be relied on, seemingly interested applicants are liable to attend an information session to be held on the 28th of this month, Wednesday, in central Melbourne in the event that they want to meet the SBIRD team as well as find out more regarding the call. Apart from the SBIRD team, the interested participants will also be able to meet technical experts from potential collaborators, front-line users, and DST.

As per authentic reports, the applications for the proposals will be open on the 28th of November 2018, and will be officially closed on the 1st of February 2019.

Source – http://packingmaterials.org/dst-aims-incorporate-advanced-materials-onto-military-platforms/

AkzoNobel acquires Malaysian paints manufacturer Colourland Paints

AkzoNobel, one of the leaders in the paints and coating industry and a Dutch multi-national company, recently announced that it has acquired Colourland Paints Sdn Bhd, the paints and coatings manufacturer located in Malaysia.

In a statement released by AkzoNobel, the company has been quoted to say that the acquisition will open up the local Malaysian brand to the world with AkzoNobel’s global portfolio which in turn will serve the needs of the customers better.

According to the Colourland website, Colourland Paints was established in 1999 in Johor Bahru. Over the ensuing years it expanded to a factory covering an area of 8.5 acre. It boasts of more than 2000 dealers and an annual turnover of RM80mil.

Thierry Vanlancker, CEO, AkzoNobel has been reported to say that as a leader in the global paints and coatings market scenario AkzoNobel is proud to add a well-established brand as well as a company with expertise like Colourland Paints to its business portfolio. He added that AkzoNobel is looking forward to unlocking the value Colourland Paints will bring to the company and in increasing AkzoNobel’s footprint in the rapidly growing South East Asian region.

Oscar Wezeenbek, MD, AkzoNobel Decorative Paints, South East & South Asia, Middle East has reportedly said that acquiring Colourland Paints will mark another milestone in AkzoNobel’s continuance of delivering superior brand and customer experience. He also said that the combination of local and global expertise that the acquisition will offer will a perfect strategic fit and will help in the acceleration of the development and the further building of strong market position for AkzoNobel in Malaysia.

Also, according to the South China Morning Post, AkzoNobel has been setting its sights on capturing a growing millennial population in China. It has been estimated that the expansive young Chinese people aged between 24 to 38 thinks of coloring and redecoration differently from their parents and are fueling the paints industry thus making the recent acquisition more significant.

Source – http://packingmaterials.org/akzonobel-acquires-malaysian-paints-manufacturer-colourland-paints/

Additive manufacturing with metal powders Market Analysis, Trends & Forecast, 2018-2024

The application matrix of additive manufacturing with metal powders market is not just replete with medical sector, though the segment is claimed to be one of the lucrative growth avenues of the business vertical. Besides this domain, the industry stands to gain much of a focus from automotive and aerospace applications. Industry players have been investing heavily in R&D endeavors to exploit the maximum potential of this groundbreaking technology in diversified domains.

Beyond creation of tailor-made facsimile models of patient’s anatomy, medical giants are now exploiting this technology to develop implantable components. While it is still a subject of contention among the investors whether additive metal fabrication technology fits good in all the peripheries of implant manufacturing sector, recent advancements in the business space is enough to declare that it is set to bring a disruption in the traditional medical processes. This is apparently justified from the estimates which claim additive manufacturing with metal powders market share from medical sector to exceed a valuation of USD 200 million by 2024.

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Speaking of the medical applications, additive manufacturing with metal powders industry space is characterized by the superfluity of groundbreaking innovations, driven by the increasing prevalence of hip replacement cases lately. According to some of the trusted reports- in U.S., hospitalization with hip replacement has accounted for more than 35% of the overall cases in 2016. Nearly 7 million Americans undergo hip and knee replacement every year, as per NCBI’s latest report. These astoundingly mammoth occurrence is prompting manufacturers to utilize advanced metal fabrication technology in developing orthopedic implants, which by extension is stimulating additive manufacturing with metal powders market size.

Another branch of medicine where additive manufacturing with metal powders industry has been witnessing exceptional proceeds is dentistry. Introduction of additive metal fabrication technology has opened up a slew of new possibilities in prosthetic dentistry, claim experts. Research has shown that compared to traditional casting methods that are utilized for alloy processing in dental applications, additive manufacturing significantly reduces the manufacturing time as well as cost. This has undeniably led to the generation of a plethora of growth avenues for additive manufacturing with metal powders market.

The reason behind U.S. to become an opportunistic investment spot for additive manufacturing with metal powders industry players is quite obvious – the pronounced prevalence of orthopedic implants. Growing health related concerns, rising elderly population suffering from chronic diseases, and the stringency in the regional regulatory framework with regards to medical devices have cumulatively acted in favor of the business growth.

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Potential Application Opportunities for Additive manufacturing with metal powders Market

Additive manufacturing with metal powders market, though relatively new, is claimed to be one of the most remunerative business spheres of recent times, especially against the backdrop where 3D printing has already demonstrated its huge potential in the field of medicine. As rapid manufacturing technology has been gaining a strong foothold in creating customized model and functional prototypes, additive manufacturing with metal powders industry has observed quite some popularity in the healthcare fraternity.

In this regard, recently, Australia based renowned scientific research organization, CSIRO (The Commonwealth Scientific and Industrial Research Organization) has signed an agreement with metal 3D printer specialist, Aurora Labs. Through this deal, the additive manufacturing with metal powders market player aims to speed up its pace of advancements and technical performance with the technology.  As per experts’ opinion in the agreement, it also represent Australia’s significant contribution in additive manufacturing with metal powers industry, with increased application of 3D metal printers across a barrage of end-use sectors. Technological interventions in the production process, along with industry players’ incessant efforts to diversify their product portfolio in accordance with the various regulatory standardization, additive manufacturing with metal powders industry is deemed to carve a profitable roadmap in the years ahead. Global Market Insights, Inc. forecasts the overall industry size to exceed USD 1 billion by 2024.

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Carbon Fiber Composites Market to exceed $31bn by 2024

Another instance which stands to testify remarkable growth avenues for carbon fibre composites market is the launch of Stratolaunch. Developed by a renowned player of aerospace composites market, Scaled Composites, Stratolaunch is touted to be world’s largest aircraft by wingspan. As per reports, the entire aircraft structure is incorporated with carbon fibre composites structures to make the aircraft higher in strength and lighter in weight. Further enrooting its presence & position in carbon fibre composites industry, Scaled Composites, in 2016 launched its all-carbon fibre composite rocket plane dubbed as the SpaceShipTwo in the market.

These instances depict a clear picture of the operational benefits of structural composites in aerospace industry, which, in turn, is driving carbon fibre composites industry share. Given the outstanding growth of the military and commercial aerospace sector, analysts anticipate carbon fibre composites market from the aerospace application to account for largest share outstripping USD 19 billion by 2024.

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The rising trend of reducing overall vehicle weight and improving fuel efficiency, as per reports, has been one of the most crucial factors propelling carbon fibre composites market demand in these sectors. Moreover, superior material properties including high strength to weight ratio, low maintenance, and outstanding resistance to high temperatures have garnered massive proceeds for the industry over the years. In terms of market size, Global Market Insights, Inc. projects the overall carbon fibre composites market to register a demand over 290 kilo tons by 2024.

Carbon Fibre Composites Market, one of the pronounced verticals of polymers and advanced materials domain, over the years, has witnessed a commendable surge with regard to its application arena. The worldwide carbon fibre composites industry in 2016 held a revenue of USD 16 billion, driven by its efficiency oriented demand from myriad end-use sectors, profoundly the aerospace and automotive.

Considering the material development and demand, carbon fibre composites industry has scored its major commercial success in the aerospace market. Aircraft industry giants such as Boeing and Airbus had been rigorously experimenting with carbon fibre composites for several years, however, the material was never used for huge structures such as the body or wings. Nonetheless, the scenario gradually changed with the Boeing 787 Dreamliner, which made use of carbon fibre composites for the main structure, accounting for about 50% of total weight of the plane. Speaking along similar line, another aircraft manufacturer major – Airbus, followed the footsteps, with its A350 XWB and A380 widebody platforms that significantly accelerated the use of carbon composites to reduce fuel consumption and emissions as well as propagated longer design life and lower maintenance. Experts claim such initiatives undertaken by the leading manufacturers to create quite a stir in the growth landscape of carbon fibre composites industry.

Speaking of the carbon fibre composites industry potential in other application sectors, the automotive industry is growing in similar fashion as the aerospace, and is anticipated to exhibit the highest growth rate of 13% over 2017-2024. It is prudent to note that despite having a plethora of niche applications in the field of aerospace, fibre composites are gradually inching toward being deployed in vehicle production, as the automotive sector seems eager to embrace these products for highly efficient and robust automobile development in the future. As per estimates, carbon fibre composites industry demand from automotive sector held a demand of 25 kilotons in 2016 with a ration of 20% of the overall share.

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Potential Application Opportunities for Carbon Fibre Composites Market

Oil & gas, railway, marine, and wind energy market, as per industry experts, have been touted as the most potential growth arenas for the industry demand. Though aerospace and automotive sectors have been the bright spots of carbon fibre composites market in terms of volume and revenue, the aforementioned applications are slated to emerge quite strong in terms of exploiting the operational benefits of CFC components. Thanks to the increased size of exploration and production activities, high demand for speed rail, and increasing size of wind turbine installations. All these applications significantly require the use of stronger and more lightweight materials, which is substantially fueling the growth track of carbon fibre composites market. As these application arenas have finally started to ramp up, analysts predict carbon fibre composites industry to witness major a boost pertaining to its commercialization and profitability landscape.

In terms of fiscals, the CFC components are on the higher side than the metal components. However, various advancements in raw materials, assembly techniques, and manufacturing technologies are anticipated to assist in reducing the costs of composites, which will significantly stimulate carbon fibre composite market size. Industry analysts further predict that the growing commercialization

matrix of carbon fibre composites industry in aerospace, marine, automotive, natural gas, and railway will further eventually drive down the cost of CFC components in the ensuing years. Moreover, despite the high material cost, analysts anticipate the technological advancements to secure promising growth prospects for carbon fibre composites market in the years ahead

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Coated Glass Market Size, Application Potential, By Product, 2018-2024

It is undeniable that the shifting trends toward the development of green buildings will massively boost coated glass market, as the product ensures low energy consumption and cost minimization. Lightweight solar control glass in fact is prominently used in the automotive and construction sectors, as it tends to reduce the usage of energy. It also curbs the usage of air conditioning equipment, pertaining to its capability to act as a thermal barrier and restricts UV and other infrared rays from entering buildings. With rapidly changing climatic conditions in tow, coated glass is being massively used to minimize heat. On these grounds, major giants in coated glass industry are looking forward to embedding solar cells in glass for producing electricity by utilizing solar energy.

Indeed, this glass is also extensively used in residential building construction to minimize the negative effects of UV rays and other hazardous radiations. Companies also seem to offer variations in this case – depending upon the building layout, thermal insulation or solar control glass can be preferred. Additionally, this business space is strictly driven by regulations enforced by authorized bodies in order to combat the growing change in climatic conditions and the subsequent demand for energy efficient buildings.

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In order to achieve revenue benefits and capture more business space, most of the players in coated glass market are focusing on increasing productivity by minimizing manufacturing time and improving product quality. In this regard, they are increasingly deploying automated systems for enhancing the glass fabrication process. Research and development activities are also rampant across this business space to bring forth a range of highly innovative products. For instance, recently, the researchers of VanadiumCorp Resource Inc., have developed an innovative, energy saving smart glass comprising vanadium as a coating material that saves more energy by restricting IR radiations from the sun to enter into building and preventing loss of heat during the winter season. This vanadium coated glass offers numerous benefits such as anti-glare, energy saving, and self-cleaning capability.

Thriving on the cusp of energy efficiency that has emerged as the pivotal need of the hour as on today, coated glass market has garnered appreciable momentum since the last few years. In fact, with the growing trends of urbanization and industrialization, the demand for coated glass as a viable building material has been increasing. In this regard, the rising utilization of sustainable and energy efficient facilities in smart city projects and other construction developments would thus have a major impact on coated glass industry share.

In the current scenario, well-known automakers have also been planning to deploy new technologies in vehicles in order to attract more customers. Recently, the Israeli start-up technology company, Gauzy has developed smart glass for displaying videos on car windows. It can play targeted localized information and will be used for smart messaging. Furthermore, the leading German automaker, Daimler AG has also collaborated with Gauzy for installing transparent displays on car windows. This newly developed advanced smart glass will help automakers serve futuristic technology to their customers. The ongoing revolution brewing in the automotive sector with the growing acceptance of smart glasses is slated to stimulate coated glass industry share.

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As of now, in order to combat the challenges posed by global warming, many regional governments, mainly across the Asia-Pacific have been undertaking numerous initiatives to adopt sustainable technologies. For instance, the Singapore government has decided to increase energy efficiency with the deployment of smart-tinting windows across residential as well as commercial sectors. Currently, it is planning to install smart glass on nearly 12 buildings by 2021, as smart tinting windows can reduce at least 20% of the energy consumption of every building. The increasing popularity of tinting windows for minimizing the load on HVAC systems of buildings is poised to propel coated glass industry share over the years ahead.

The massive tech-based developments in industry are likely to have a significant impact on the overall industry trends. The increasing acceptance of energy efficient smart technologies and the unwavering commitment of regional governments toward carbon reduction, energy savings, and sustainability are also slated to commendably boost the product demand. If estimates are to be believed, coated glass market size, by the end of 2024, will surpass a valuation of USD 24.5 billion.

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Printed Cartons Market Its Competitive Analysis Between 2018-2024

Apart from strategic partnerships, several other renowned players have been on an acquisition spree, purchasing packaging material manufacturing companies to further consolidate their business presence. One of the renowned giants in printed cartons market, Nosco Inc., recently took over the New York-based manufacturer, Gooding to deploy an extra manufacturing facility in North America and eventually reduce the packaging costs by lowering lead times. The rising prevalence of M&As in the competitive spectrum of printed cartons market is certain to help expand the business scope in the ensuing years.

The popularity of digital printing technologies in packaging has soared tremendously in recent years, on the grounds of which printed carton market giants have been vigorously adopting time-tested tactics such as joint ventures and long-term partnerships. For instance, Xerox has recently partnered with one of the well-known packaging manufacturers, Alexir, in a bid to promote digital printing technologies within the packaging domain. Xerox has additionally hosted several promotional events with its packaging partners to educate them about current scenario in digital packaging. The rising prevalence of such moves is thus, certain to considerably boost printed cartons industry share.

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Taking into account the future scope of printed cartons for medical application, the designer and builder of packaging machines, Marchesini Group has liberally customized its cosmetics and pharmaceutical line. The deployment of automation in the production of printing cartons for all kinds of pharmaceutical packaging products is thus certain to stimulate printed cartons market share over 2017-2024. Speaking of which, the competitive spectrum of printed cartons industry is inclusive of players such as Amcor Ltd., All Packaging Company, WestRock Company, Lithoflex Inc., Tetra Pak International S.A., and Winston Packaging.

Of late, the rising amount of waste material and landfills are key issues of concern across the globe, pertaining to which, regulatory bodies and regional governments are have been prompting manufacturers to develop degradable products – a move that may have a considerable impact on printed cartons market. In order to comply with regulatory norms, most of the end-user sectors such as electronics, personal care, healthcare, and food & beverage are increasingly using recyclable paperboard cartons for packaging purposes.

Various paper box manufacturers in printed cartons industry are also taking initiatives to deploy eco-friendly green facilities. It has even been observed that these paper box manufacturers have been using eco-friendly options for printing purposes. For instance, the U.S. based paperboard specialist, Imperial Packaging, has garnered quite a reputation as an environment conscious company that has implemented a large-scale recycling program for manufacturing eco-friendly paper boxes. Apparently, the company is totally dependent on wind power and uses soy-based ink and water-based aqueous coatings for producing printed cartons, thus setting a precedent for printed cartons industry players.

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Recently, the U.S. Food & Drug Administration has provided an authorization to AIRSHIELD™ – an efficient packaging process that removes oxygen from rigid and flexible packaged food container, as the continuous release of oxygen inside the container degrades the food inside the package. This instance is remnant of the numerous food packaging developments prevalent in U.S. printed cartons market, that are likely to impel the regional share.

While smart packaging services form a part of the growth strategies of companies in printed cartons market, companies have also been giving preference to corrugated cardboard based packaging, as it has the ability to carry more weight and is a more sustainable option. Moreover, corrugated cardboard is very cost effective and customizable, pertaining to which, electronic giants have been increasingly utilizing printed corrugated cartons for transportation and fragile electronic device storage. In effect, corrugated printed cartons industry size has been projected to grow at a rate of 5% over 2017-2024.

The contribution of regional governments related to the miniaturization of landfills and carbon content in the environment will positively influence the adoption of biodegradable products. In Europe in fact, many of the countries have implemented stringent norms to promote the usage of biodegradable products. The implementation of such regulatory norms would undeniably promote advancements in biodegradable and bio-based products, which will stimulate biodegradable printed cartons industry share over the coming years. Driven by heavy investment in research and development activities along with escalating adoption of business strategies such as mergers and acquisitions by prominent players, printed cartons market is likely to experience a positive growth rate in the years ahead.

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Polyvinyl Butyral (PVB) Market Its Competitive Analysis Between 2018-2024

The increasing demand for automobiles has favorably impacted polyvinyl butyral market size, owing to the escalating use of PVB in automotive windshields. In this regard, it is prudent to mention that one of the well-known behemoths in polyvinyl butyral (PVB) market, Eastman, has been investing heavily in product portfolio enhancement for laminated safety glasses. In addition, it is also focusing on research and development activities to check the effect of several changes in the physical and chemical properties of PVB to generate various types of resin grades.

The Eastman Chemical Company also developed a solution for automotive and architectural applications with the launch of Saflex® polyvinyl butyral, which enhances the displaying capability of automotive glass. Considering the huge requirement of PVB for the automotive, construction, and solar equipment, major giants in polyvinyl butyral (PVB) market have been involved in conducting lucrative mergers and acquisitions of late. For instance, recently, a renowned behemoth in PVB industry, Kuraray Co., Ltd has acquired Calgon Carbon Corporation for approximately USD 1.1 billion.

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Through this acquisition, Kuraray will strengthen its role toward development of sustainable and environmentally friendly products. The recyclability, improved adhesiveness, and eco-friendly properties of PVB have attracted many such companies such as Kuraray to invest in PVB market. In fact, the deployment of PVB for various applications such as coatings, lamination, glazing, and binding has been increasing remarkably in recent times, which in response has led to a major surge in polyvinyl butyral market share.

Rapid industrialization and urbanization have led to a rise in pollution levels and landfills pertaining to the increasing wastage from urban and industrial processes. Taking into account the hazardous impact of non-recyclable waste products on the environment as well as on human health, several regulatory bodies and energy management organizations have taken initiatives to promote the usage of recyclable raw material to manufacture various end-use products such as glasses, paints, primers, and adhesives. For instance, the ADEME, the French Environment and Energy Management Agency, has continuously been making efforts to encourage people to adopt renewable energy facilities. In addition, it has decided to implement 100% recycled plastic manufacturing plants by 2025, for the purpose of which it has selected about 135 waste management projects. Among these, Swallowtail will recycle household flexible plastic packaging, Funx will recycle agricultural bags, and HPI will recover PVB used in automotive windshields, which is certain to impel polyvinyl butyral industry outlook.

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Speaking about product advancements, it is noteworthy to state that leading manufacturers of specialty polymers are constantly working on optimizing the properties of PVB. For instance, the pioneering participant in polyvinyl butyral market, Kuraray Europe GmbH is continually striving to develop innovative applications of PVB in domains such as ceramic laminates, laminates for metal films, thermoplastic prepregs, fiberglass laminates, and lightweight construction. Besides, the growing adoption of electric vehicles mainly across European countries and China, owing to the increasing deployment of regulatory norms about energy efficiency along with increasing awareness regarding carbon dioxide emissions from vehicles, has also been augmenting polyvinyl butyral industry outlook.

Currently, most of the end users are primarily depending on fossil fuel resources to fulfill their energy needs, however, depleting fossil fuel resources have brought about a paradigm shift in the mindset of the masses with regards to energy use. Taking into account the importance of renewable energy sources, many of the governments and regulatory bodies have implemented favorable rules and regulations to encourage people for renewable energy deployment.

Taking into account growing importance for PVB, pivotal players in polyvinyl butyral industry are constantly focusing on the successful execution of business expansion strategies. The changing trends toward the escalating use of laminated glass in architecture along with growing requirement of high-quality products are likely to open up new opportunities for the biggies in PVB market over the years ahead. As per statistics, PVB industry size has been forecast to be pegged at USD 3.9 billion by 2024.

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