Category: Uncategorized

Polyvinyl acetate Industry Procurement Intelligence, Outlook And Top Players till 2027

Polyvinyl acetate (PVA) is a colorless, nontoxic, synthetic resin prepared by the polymerization of vinyl acetate. It has good resistance to UV and oxidation. PVA is extensively used in the packaging industry as adhesives. PVA emulsions are inexpensive and possess good adhesion to many porous substrates, but are not effective on non-porous surfaces. They are one of the main ingredients of water-based glues, commonly referred to as wood glue, carpenter’s glue, Elmer’s glue (USA), or white glue.

PVA is used as an inexpensive, low-toxic, and no odor adhesive to bond and seal high-energy surfaces such as paper, corrugated cartons, cotton, and wood, etc. It is often preferred over other types of adhesives due to its low cost, good stability to light, and yellowing resistance capability. PVA is also used as a plasticizer and thickener for paints, textile finishes, plastics, cement, and chewing gum. It is relatively (~50%) cheaper than other acrylic resins and is therefore often added to acrylic latex paints to reduce the production cost. However, the best exterior water-based paints are 100% acrylic due to elasticity and other factors and polyvinyl acetate is generally viewed as inappropriate for exterior uses due to its water sensitivity.

Read report summary or request a free sample copy of the report “Polyvinyl acetate Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027”

Demand Outlook

The global polyvinyl acetate market was valued at ~USD 5 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 due to increasing demand for adhesive from key industries such as construction, automotive, and furniture. The rising demand for paint and coatings from APAC and Latin American markets is also expected to fuel the growth of the global PVA industry. APAC is the largest geographic segment in the global PVA market with more than 45% market share followed by Europe and North America with 25% and 15% market share respectively. Increasing construction spending coupled with growing industrial development in emerging markets of China and India is anticipated to drive the regional market. APAC PVA market is also expected to witness the highest growth rate during the forecast period.

Cost Drivers

Raw materials and feedstocks are the key cost driver of polyvinyl acetate production. The raw materials are majorly categorized into two segments; solvents and initiators. Solvents include methanol, ethyl acetate, and benzene. Initiators include benzoyl peroxide, azobisisobutyronitrile (AIBN), and lauroyl peroxide. Both solvent and initiators account for more than 40% of the overall cost of production followed by machinery costs, equipment costs, labor costs, and maintenance costs. The price of raw materials are somewhat stable for the last few years. Hence, reducing costs from other components like machinery, equipment and labor would give PVA producers a better profit margin.

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Some of the key suppliers of polyvinyl acetate are:

  • Henkel
  • Vinavil
  • H.B. Fuller
  • Dow
  • Arkema
  • Celanese
  • 3M
  • Hexion
  • ITW Polymers

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Phosphate Industry Procurement Intelligence, Trends and Their Impact On Global Industry till 2025 | Grand View Research, Inc.

Phosphate is one of the most common elements mined primarily from phosphate rock. It is a chemical derivative of phosphoric acid and the majority of its global production is absorbed by fertilizer manufacturing industries in the booming agricultural sector. One metric ton of phosphate rock can produce more than 100 metric tons of phosphate granules. Phosphates can be segmented into the following categories:

  • Orthophosphates: These are found naturally in the environment and in water, but are also artificially added to fertilizers. In swimming pools, orthophosphates are the most prevalent of all types of phosphates.
  • Condensed phosphates: This type of phosphates contain salts, metals or minerals like calcium.
  • Organophosphates: These are organic phosphates (esters of phosphoric acid). Organophosphates are a key ingredient in more than 50% of all pesticides.
  • Inorganic phosphates: Inorganic phosphates are majorly deals with water treatment businesses.

Read report summary or request a free sample copy of the report “Phosphate Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global phosphate market was valued at USD 72 billion in 2020 and it is expected to grow at a CAGR of 2% from 2020 to 2027 majorly due to the rising demand for ammonium phosphate, from the manufacturing market. APAC is leading the global phosphate market with more than 40% share followed by Europe and North America. As agriculture is a core constituent of the economy in APAC countries like India China, these countries are responsible for generating high demand for phosphate and related products for the last five years. For instance, India is one of the leading countries, with more than 25% of world imports for natural calcium phosphates and natural aluminum calcium phosphates. In terms of applications, the phosphate fertilizer segment is expected to have the highest growth rate in APAC countries due to increase in agricultural spending and growing demand.

Cost Drivers

Phosphate rock is the most important feedstock of phosphate production. It is the major cost driver of overall production cost. The cost of phosphate rock accounted for more than 50% of the one-unit phosphate production. In the last two years, the price of phosphate rock fluctuate significantly majorly due to supply-demand disruption during Covid-19. The price of phosphate rock has witnessed a gradual decrease over the last ten years. However, it is expected to increase moderately during the forecast period.

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Some of the key phosphate suppliers are:

  • The Mosaic Company
  • Nutrien Ltd
  • EuroChem Group
  • Innophos
  • PhosAgro Group of Companies
  • Ma’aden
  • Incitec Pivot limited
  • Fertoz Agriculture Pty Ltd
  • Koch Fertilizer, LLC.
  • Mississippi Phosphates Corporation
  • Jordan Phosphate Mines

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Banking and Financial Services Industry Procurement Intelligence, Outlook And Top Players till 2027

A banking and financial services market include a group or network of institutions, responsible for operating a payment system, providing loans, taking deposits, and helping clients with investments. Banking and financial services can be categorized into ten major categories:

  • Banking: Checking accounts, savings accounts, debit/credit cards, loans, etc.
  • Professional advisory: Investment due diligence, M&A advisory, valuation, real-estate consulting, risk consulting, taxation consulting.
  • Wealth management: Managing and investing customers’ wealth across various financial instruments including debt, equity, insurance products, real estate, etc.
  • Mutual funds: Managing investments on mutual funds.
  • Insurance: Provide personal (automotive, home, medical) and business insurance.
  • Stock market: Provide investment solutions for customers in the stock market.
  • Treasury/debt management: Managing investments into government and private organization bonds (debt).
  • Tax/audit consulting: Determining tax liability, transfer pricing analysis, and structuring.
  • Capital restructuring: The restructuring of capital structure (debt and equity) to bolster profitability.
  • Portfolio management: Analyze and optimize investments for clients across a wide range of assets (debt, equity, insurance, real estate, etc.).

Read report summary or request a free sample copy of the report “Banking and Financial Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global banking and financial services market was valued at ~USD 20 trillion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027. The growth is majorly attributed due to the companies rearranging their operations and recovering from the COVID-19 pandemic, which had earlier led to restrictive containment measures including social distancing, remote working, and the closure of commercial activities. Banks and financial service providers are adopting digitization to modernize their commercial lending businesses owing to increasing competition among banks and growing demand for the simplified and quick commercial lending process.

Cost Drivers

The cost of banking and financial services can be categorized into two segments; facility cost and service cost. Facility costs include site management and maintenance cost, in-house machinery cost, etc. However, the major cost driver of the banking sector is the service cost. Service cost is segmented into employee costs, technology costs, training & development costs, employee benefits, taxes, and legal expenses. Among these, employee costs hold more than 60% share in the overall cost of banking and financial services followed by technology and employee training costs.

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Some of the leading banking and financial service providers are:

  • HSBC Holdings
  • Bank of China
  • JP Morgan Chase & Co.
  • BNP Paribas
  • China construction Bank Corp.
  • Mitsubishi UFJ Financial Group
  • Bank of America
  • Industrial and Commercial Bank of China
  • Credit Agricole Group

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Automotive Sensors Industry Procurement Intelligence, Trends and Their Impact On Global Industry till 2025 | Grand View Research, Inc.

An automotive sensor is a device that monitors the condition and keeps track of almost everything happening in and outside a vehicle, allowing the onboard computers to make decisions. These decisions help to improve engine performance, reduce emissions, improve safety, etc. Following are the most commonly used sensors across different vehicles:

  • Mass airflow sensor
  • Engine speed sensor
  • Oxygen sensor
  • Spark knock sensor
  • Coolant sensor
  • Manifold absolute pressure (MAF) sensor
  • Fuel temperature sensor
  • Voltage sensor
  • Camshaft position sensor
  • Throttle position sensor
  • Vehicle speed sensor

Read report summary or request a free sample copy of the report “Automotive Sensors Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global automotive sensor market was valued at ~USD 25-30 billion in 2020 and it is expected to grow at a CAGR of 7-10% from 2020 to 2027. The increasing adoption of hybrid electric vehicles has increased the demand for various automotive sensors such as current sensors, temperature sensors, cell voltage sensors, and other components for battery management systems. APAC is the largest geographic segment in the global automotive sensor market with more than 50% revenue share in 2020. The growth in APAC is driven by the growing adoption of electric vehicles in China, South Korea, and Japan. Favorable government policies regarding the use of electric vehicles have propelled market potential for automotive sensor makers in the region. For instance, in January 2021, South Korea approved an electric vehicle subsidy budget of USD891.7 million for 2021. EV cars with a price range of less than USD53,000 will be fully subsidized.

Cost Drivers

Raw material cost is the major cost driver of automotive sensor manufacturing. It accounted for more than one-third of the overall cost of production. Thermoplastics like PET (Polyethylene terephthalate), PBT (Polybutylene terephthalate), ceramics are widely used raw materials for automotive sensors. Other major costs include facility costs, machinery costs, labor costs, etc.

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Leading suppliers of automotive sensors are:

  • Analog Devices, Inc.
  • Denso Corporation
  • Robert Bosch
  • Sensata Technologies, Inc.
  • Asahi Kasei Corporation
  • Freescale Semiconducto
  • Maxim Integrated
  • Infineon Technologies AG
  •  Measurement Specialties
  • Tekscan, Inc.
  • Texas Instruments Incorporated 
  • GE Measurement and Control Solutions

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Advanced Driver Assistance Systems Industry Procurement Intelligence, Outlook And Top Players till 2027

The majority of the automotive accidents occurring currently are due to human error or are ones whose impact could have been avoided with better and cautious driving. To reduce and prevent such instances, automotive companies are implementing Advanced Driver Assistance Systems in their vehicles. Advanced Driver Assistance Systems, commonly known as ADAS, provide five safety-essential features. These include pedestrian detection and avoidance, lane departure warning and correction, traffic sign recognition, automatic emergency braking, and blind-spot detection. ADAS is one of the primary features that lay down the foundations for an autonomous vehicle. ADAS works on three primary types of sensors. They are radar/LIDAR, cameras, and ultrasound. The objective of an ADAS is to provide a 360-degree detection capacity of the vehicle, including the blind spots to minimize risks while driving.

Read report summary or request a free sample copy of the report “Advanced Driver Assistance Systems Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global advanced driver assistance systems market was valued at USD 17.6 billion in 2020. The market is projected to grow at a CAGR of 12.3% from 2020 to 2027. Geographically, the European market is the largest market for advanced driver assistance systems as of 2020. Demand for semi-autonomous vehicles or the requirement of driving assistance features for the new versions of EV is generating additional demand for ADAS in the market.

The COVID-19 pandemic has resulted in a decline in the advanced driver assistance systems industry globally. Several OEMs have paused or reduced manufacturing vehicles. This has directly affected the tier 1 suppliers and providers of advanced driver assistance systems globally. However, the automotive market is currently recuperating from the effects of the pandemic. While the market is yet to reach normalcy, industry experts expect that by Q2, 2022, the demand for automobiles, especially ones with semi-autonomous vehicle features and safety features like advanced driver assistance systems will increase.

Cost Drivers

The advanced driver assistance systems industry is still innovating and undergoing technical changes. With changing requirements from end-users, OEMs are laying down varying requirements which the suppliers of advanced driver assistance systems have to cater to. This makes it difficult for suppliers to have market-level cost drivers. However, manufacturing processes and procurement strategies help reduce the cost of manufacturing and the cost of operations. Also, depending upon the vehicle type, margins may be adjusted, leaving scope for better profit margins. But there are other market drivers like shifting preference to semi-autonomous vehicles and focus on vehicle safety in addition to government mandates which makes OEMs inculcate a certain safety standard in their vehicles to achieve the required NCAP rating for selling their vehicles in a certain geography. These factors are helping drive the market in terms of the adoption of advanced driver assistance systems.

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The key suppliers for advanced driver assistance systems market are:

  • Robert Bosch
  • Continental
  • ZF Friedrichshafen
  • Aptiv Denso
  • Magna International
  • Valeo Mitsubishi Electric
  • Nvidia
  • Panasonic
  • Texas Instruments
  • Vector
  • Hitachi Automotive Systems
  • Hyundai Modis
  • Delphi Automotive

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Sugar Processing Market Procurement Intelligence 2021-2027 | Business Opportunities With Top Key Players

Brazil has been the leading sugarcane producer globally for the last two decades. However, since the beginning of 2019, sugarcane production in the country has decreased by approximately 5%. This can be attributed to the unfavorably dry weather and high incidence of fire outbreaks in the fields. In addition, steady grain prices have encouraged the shift of marginal sugarcane areas to soybeans and corn. This sugar production trend continued due to Covid-19 in 2020. All these issues with sugar production in Brazil help India to reduce the production gap with Brazil, capturing several markets that were previously dominated by Brazil. For instance, Indonesia used to import more than 90% of its sugar from Brazil. However, the country shifted its sourcing destination from Brazil to India due to the pandemic.

The Indian government has taken numerous initiatives to improve sugarcane production in the country. For instance, the government has announced an incentive for sugar mills in the form of an additional domestic sales quota to those that export sugar and divert the commodity toward ethanol making in the new 2021-22 season starting October. The government has also urged sugar mills to take advantage of firm global sugar prices and plan the export of raw sugar during this new season (October-September). Moreover, the Indian government is planning to invest approximately USD 5 billion over the next few years to increase ethanol production by 80%.  

Read report summary or request a free sample copy of the report “Sugar Processing Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027”

Sugar Processing Category Intelligence Highlights:

  • Sugar processing suppliers are collaborating with small and regional sugarcane suppliers to increase their profit margins.
  • The sugar processing market has a fragmented competitive landscape and is witnessing the entry of several small regional players.
  • Suppliers largely prefer approved provider operating models to reduce risks and improve the potential for value creation.

Cost Intelligence Highlights:   Grand View Research has identified the following key cost components for Sugar Processing:

  • Feedstock
  • Other chemicals
  • Washing
  • Crushing
  • Purification
  • Crystallization
  • Centrifugation
  • Packaging
  • Labor
  • Utilities
  • SG&A
  • Tax
  • Profit 

“Feedstock is the major cost component of Sugar Processing, accounting for more than 45% of the total cost of sugar production. “Browse our other Reports:

List of Key Suppliers in the Sugar Processing Category:

  • Cosan
  • Mitr Phol Sugar Corporation
  • Nordzucker AG
  • Suedzucker AG
  • Tereos
  • Biosev
  • Thai Roong Ruang Group
  • Wilmar International Limited
  • Savola Group Company
  • Cofco Tunhe Sugar Co. Ltd.

Operational Capabilities – Weightage for Supplier Ranking and Selection in Sugar Processing Category:

  • Years in Service – 15%
  • Geographical Service Presence – 35%
  • Employee Strength – 15%
  • Revenue Generate – 15%
  • Key Clients – 12%
  • Certifications – 8%

Functional Capabilities – Weightage for Supplier Ranking and Selection in Sugar Processing Category:

  • By Type
    • Liquid Sugar20%
    • Brown Sugar20%
    • White Sugar20%
  • By Source
    • Sugarcane20%
    • Sugar Beet20%

List of Key suppliers of Catering Services Category:

  • Cosan
  • Biosev
  • Mitr Phol
  • Nordzucker

Check out the featured Addon Services offered with Sugar Processing Market Procurement Intelligence Report.

About us: A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.  

Our services include (not limited to):  

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption  

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
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Employee Benefit Services Market Procurement Intelligence: Supplier Intelligence, Supplier Ranking, Engagement Model, Analysis Report, 2025

An employee’s cost to the company includes their wage as well as other non-wage compensations which are provided to the employees in addition to the normal wage or salaries. These non-wage components are a part of the employee benefits services. Employee benefits form an integral part of the value proposition for the employees apart from their wage as it is used as a tool to increase the economic security of employees and improve retention policies.

Employee benefit service providers price their services differently as per their customer’s requirements. Two of the most commonly used pricing scheme is fixed pricing and per-employee per-month pricing. However, these are applied for projects that are small and not complex in nature. Depending upon the complexity of projects, outcome-based or value-based pricing is applied. This pricing scheme is applied mostly for customers with a larger pool of employees and higher complexity in maintaining and formulation of employee benefits

Read report summary or request a free sample copy of the report “Employee Benefit Services Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025”

Demand Outlook

The global market for employee benefit services was valued at USD 39.1 billion in 2020 and is expected to grow at a CAGR of 5.2% between 2020 to 2025 and reach an estimated value of USD 50.3 billion in 2025. North America is the largest market for employee benefit services. It accounts for over 40% of the global market share. APAC is comparatively a new market for employee benefit service providers. The APAC market is expected to see the fastest penetration of employee benefit services. Several Fortune 500 companies are entering into multi-country BAO (Benefits Administration Outsourcing) engagement with global and regional service providers. This is helping the penetration of employee benefit services in the Asia-Pacific market.

Cost Drivers

The changing dynamics of employee engagement have led companies to focus on non-wage parameters for employees. However, not all companies’ core competencies lie in managing employee benefits. Therefore, this service is often outsourced to service providers who manage employee benefit services. Over the years, the contract period for these service periods has, on average, increased from 2 years to 3.5 years. The increase in contact periods helps the employee benefit service providers improve their ticket value and secure future business.

Other drivers that make companies approach employee benefits service providers are cost savings opportunities like the implementation of captive benefits, multi-national multi-currency pooling, and discounted pricing on long-term contracts.

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

· Market Intelligence involving – market size and forecast, growth factors, and driving trends

· Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

· Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

· Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 


Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Paper Diagnostics Market Opportunities, Segmentation and Forecast Report till 2022

November 08, 2021: Global Paper Diagnostics Market is expected to reach USD 8.35 billion by 2022. Paper diagnostics are the tools that are rugged enough, simple to use, and cheap for rural areas that could save thousands of lives across the globe. A disposable and versatile test that may analyze blood or urine for indication of chronic conditions or infectious diseases. The paper diagnostics market is estimated to grow at a significant CAGR of 7.5% over the forecast period as the scope and its applications are rising enormously across the globe.

The factors that are playing a major role in the growth of the paper diagnostics market are growing occurrence of diseases that can be monitored or diagnosed with paper diagnostics, growing number of patients suffering from diabetes, and benefits like cost-efficient, fast results, and less complexity. However, the presence of alternatives may restrain overall market growth in the years to come. Paper diagnostics industry is segmented based on product type, device type, application, end-user, and region.

Lateral flow assays and dipsticks are the product types that could be explored in paper diagnostics in the forecast period. Lateral flow assays sector accounted for the significant market share of paper diagnostics in terms of revenue and is estimated to continue with its dominance in the years to come. This could be because of its extensive usage in the form of pregnancy tests across the globe.

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Monitoring devices and diagnostic devices are the device types that could be explored in paper diagnostics in the forecast period. Diagnostic devices sector accounted for the substantial market share of paper diagnostics and is estimated to grow at highest CAGR in the years to come. The reason behind the overall market growth could be high flexibility and adaptability and application in food pathogen detection and infectious diseases diagnosis. In addition, monitoring devices sector is estimated to grow at the fastest pace in the years to come.

The market may be categorized based on applications like environmental monitoring, clinical diagnostics, food quality, and others could be explored in the forecast period. The clinical diagnostics sector accounted for the substantial market share of paper diagnostics and is estimated to grow at highest CAGR in the years to come. The reason could be the growing occurrence of infectious diseases, liver disorders, and cancer.

Academic and research institutes, hospitals, home healthcare, clinical diagnostic laboratories, and other end-users could be explored in paper diagnostics in the forecast period. Hospitals sector accounted for the significant market share of paper diagnostics and is estimated to lead the overall market in the years to come. The reason behind the growth could be increasing use of paper-based tests in primary clinical diagnosis.

Globally, North America accounted for the significant market share of paper diagnostics and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be rising awareness among consumers regarding paper diagnostics, growing occurrence of diseases like HIV, hepatitis, and cancer, and government initiative.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise increasing acceptance of home healthcare over hospitalization and growing occurrence of infectious diseases.

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The key players of the paper diagnostics market are Siemens Healthcare, Alere, Bio-Rad Laboratories, Abcam, Sigma-Aldrich, ACON Laboratories, Surmodics, SD Biosensor, and Innova Biosciences. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.


Market Segment:

Global Paper Diagnostics Product Outlook (Revenue, USD Million, 2012 – 2022)

    • Dipsticks

    • Lateral Flow Assays


Global Paper Diagnostic Device Type Outlook (Revenue, USD Million, 2012 – 2022)

    • Diagnostics devices

    • Monitoring devices


Global Paper Diagnostics Application Outlook (Revenue, USD Million, 2012 – 2022)

    • Clinical diagnostics

     • Cancer

     • Infectious diseases

     • Liver disorders

     • Others

    • Food quality testing

    • Environmental Monitoring

Paper Diagnostics Regional Outlook (Revenue, USD Million, 2012 – 2022)

    • North America

     • U.S

     • Canada

    • Europe

     • U.K

     • Germany

    • Asia Pacific

     • Japan

     • China

     • India

    • Latin America

     • Mexico

     • Brazil

    • MEA

     • South Africa

     • Saudi Arabia

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Functional Foods Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2024

November 01, 2021: The global Functional Foods Market was appreciated at US$ 129.39 Billion in the year 2015. It is estimated to develop at a substantial CAGR for the duration of the prediction. Increasing awareness about fitness and proper nourishment among the customers are expected to drive the market above the following eight years. Nourishments are not only planned to fulfill someone’s appetite but also to abolish the sicknesses associated with the nourishment. These issues are expected to certainly drive the demand for worldwide business.

The Functional Food market on the source of Type of End Use could span Cardio Fitness, Gastrointestinal Fitness, Weight Administration, Scientific Nourishment, Immunity, Sporting nourishment and others. Additional subdivision involves definite uses on cancer, dropped stages of cholesterol, and optical diminishing arthritis.

The end use subdivision of Gastrointestinal Fitness likely to observe the maximum CAGR of 8.6% above the subsequent years. The functional foods consists of nutrients for example zinc, amino acids glutamine, micronutrients vitamin A and arginine. Those projected to indorse gastrointestinal contaminations produced between people.

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The division of the market of Functional Foods on the source of Type of Application. The market divided in to-Fats & Oils, Fish & Eggs, Meat, Cereals& Bakery, Soy Merchandises, Dairy Merchandises, and others. Additional subdivision consist of number of categories of snack, liquid refreshment and nutritious pieces.

The fermented dairy merchandises, like yogurts, comprise probiotics. These reinforce the mucosal wall and overpower abdominal contamination of humanoid fitness. Margarine that comprises fatty acid esters, is intended to reduce the stages of cholesterol for people. On the contrary, eggs comprising omega-three, formed by chicken, nourished such as a micro algal feedstuff constituent. Such issues are likely to motivate the progress of the entire industry in upcoming years. The Functional Foods market on the source of Type of Product could span Vitamins, Minerals, Dietary Fibers, Probiotic & Prebiotic, Fatty Acids, Carotenoids and Others. Additional subdivision generally consist of antioxidants, phytochemicals and enzymes.

The subdivision of Dietary Fibers product is estimated to develop at a CAGR of 8.4% above the subsequent eight years. Consumption of Fiber has shown chemo defensive belongings for cancer propagation uses. They likewise benefit in fighting diabetes, fatness and cardiovascular sicknesses. These issues estimated to provide the general demand above the prediction period.

The Functional Food market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S., Canada, and Mexico], Europe [France, Spain, Germany, U.K., Italy, Russia, and other European Union Nations], Asia Pacific [India, Japan, China, Indonesia, Malaysia, Philippines, Australia], Central & South America [Brazil], Middle East & Africa [South Africa].

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By the source of geography, the market in the Asia Pacific headed the international business and was responsible for a market stake of more than 40% of entire income during the year 2015. It is likewise estimated to develop at an expected CAGR of 8.3% above the following eight years.

Growing demand, together with growing per head earnings of the customers in the developing nations for example China and India, is estimated to contribute the provincial development. Furthermore, growing suburbanization, increasing baby boomer populace, and altering nutritional configurations, expected to motivate the demand in the general market.

The statement revises Trades in terms of intake of Functional Foods in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the global basis are Herbalife, BASF SE, Cargill, Nutri-Nation, GFR Pharma, General Mills Inc., Coca-Cola Co., Amway, and KFSU.

Market Segment:

Global Functional Foods Product Outlook (Revenue, USD Billion, 2014 – 2024)

    • Carotenoids

    • Dietary fibre

    • Fatty acids

    • Minerals

    • Prebiotics & probiotic

    • Vitamins

    • Others

Global Functional Foods Application Outlook (Revenue, USD Billion, 2014 – 2024)

    • Bakery & Cereals

    • Dairy products

    • Meat, fish & eggs

    • Soy products

    • Fats & oils

    • Others

Global Functional Foods End-Use Outlook (Revenue, USD Billion, 2014 – 2024)

    • Sports Nutrition

    • Weight Management

    • Immunity

    • Digestive Health

    • Clinical Nutrition

    • Cardio Health

    • Others

Global Functional Foods Regional Outlook (Revenue, USD Billion, 2014 – 2024)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • EU28

        • Russia

    • Asia Pacific

        • China

        • India

        • Japan

        • Philippines

        • Indonesia

        • Malaysia

        • Australia

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Smart Packaging Market Analysis | Business Outlook, Growth, Share, Trends and Forecast till 2024

October 28, 2021: Global Smart Packaging Market is anticipated to reach USD 26.7 billion by 2024. Smart Packaging is also known as “Intelligent Packaging” or “Active Packaging”. Smart packaging is used for personal care, food & beverages, automotive and healthcare products. They provide extended shelf life, monitor freshness, ensure safety and improve suitability.

The factors that propel the growth of the market include changes in lifestyle patterns owing to surge in consumption of cosmetics and beauty products, rapid urbanization, and technological development in the packaging. On the other hand, there are factors that may hamper the growth of the market including intelligent packaging and high cost. Smart Packaging industry is anticipated to grow at a significant CAGR of 10.6% of in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The industry may be explored by type, end users, technology type, driver, and geography. The market may be explored by type as industry verticals as Automotive, Food & Beverages, Personal Care, Healthcare, and Others. The “Food and Beverages” segment led the Smart Packaging Market in 2016 and is anticipated to maintain its dominance by 2024.

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The market could be explored based on end users as Food & beverage, Logistics, Automotive, Healthcare, Personal care, and Others. The “Food & Beverage” segment led the Smart Packaging Market in 2015 and is anticipated to maintain its dominance by 2024 owing to increasing use of active products in the food & beverage industry coupled with rising importance to preserve the safety and quality of packaged products from manufacturing to the time the food is consumed is expected to drive the development of market.

The industry may be analyzed by technology type as Intelligent, Active, and MAP. The “Active packaging” segment led the smart packaging industry in 2015 and is anticipated to maintain its dominance by 2024 owing to high use in pharmaceutical, food and beverage, and personal care sector due to its corrosion protection and superior moisture control properties. The market may be analyzed by driver shelf life, brand protection and safety.

North America accounted for the major share of the Smart Packaging Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes fast development in the industries such as pharmaceutical, food & beverage, logistics, automotive, and manufacturing coupled with stable recovery from economic recession is anticipated to propel the demand over the forecast period. Increasing expenditure ability of consumers coupled with rising concerns on improving the general health in the region is anticipated to propel the smart packaging industry over the forthcoming period.

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Some of the key players that fuel the growth of the smart packaging industry comprise Constar International Inc., Crown Holdings Inc., Bemis Company, Inc., Ball Corporation, Ampacet Corporation, Multisorb Technologies, Graham Packaging Company Inc., Sysco Corporation (Fresh Point Services), Rexam PLC, and Timestrip, PLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Global Smart Packaging Product Outlook (Revenue, USD Million, 2013 – 2024)

    • Active Packaging

        • Gas Scavenger

        • Corrosion Control Packaging

        • Moisture Control Packaging

    • Intelligent Packaging

        • Time temperature Indicator

        • Gas Indicator

        • Thermochromic Ink

        • RFID & Barcode

        • NFC

Global Smart Packaging Application Outlook (Revenue, USD Million, 2013 – 2024)

    • Food & Beverage

    • Healthcare

    • Personal Care

    • Automotive

    • Others

Global Smart Packaging Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

    • North America

        • U.S

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • Middle East and Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com