Scrap (Waste) Metal Recycling Market Trend & Growth to Reach $446,472 Million, Globally, by 2022

Metal Recycling Market Report, Report, published by Allied Market Research, forecasts that the global market is expected to garner $446,472 million, registering a CAGR of 4.5% during the period 2016 - 2022. Moreover, Asia-Pacific is expected to dominate the global market throughout the analysis period, registering a notable CAGR of 5.2%.

 published by Allied Market Research, forecasts that the global market is expected to garner $446,472 million, registering a CAGR of 4.5% during the period 2016 – 2022. Moreover, Asia-Pacific is expected to dominate the global market throughout the analysis period, registering a notable CAGR of 5.2%.High rate of obsolescence, increase in energy savings with decreased GHG levels, accelerated industrialization and urbanization, and increased consumer awareness have driven the market growth. However, unorganized flow of waste metals and less scrap collection zones could have an adverse effect on the market.

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The metal recycling reduces future scarcity of high-value resources, generates economic value, minimizes greenhouse gas emission levels, and limits other environmental damage. Therefore, various government initiatives have also been undertaken for creating a conducive environment for recycling metal waste. For instance, in Japan under home appliances recycling law, the consumers of appliances such as refrigerators, air conditioners, and washing machines should dispose them to retailers or scrap traders for further recycling. In terms of scrap metal, market is classified into ferrous metals and non-ferrous metals. Some of the sources of scrap include automobiles, railroad tracks, ships, household appliances, and consumer electronics. Ferrous metals are expected to generate $252,117 million, dominating the market during the forecast period. However, non-ferrous metals are the fastest growing segment and is anticipated to grow at a CAGR of 4.9% by 2022. According to European Aluminum Foil Association (EAFA), the recycling rate of aluminum closures in Europe has increased to more than 50% owing to the collection and recycling schemes.

The Asia-Pacific region is likely to dominate the metal recycling market throughout the analysis period. Increase in urban population in China and India, growth in infrastructure construction and automotive industry, and increase in environmental consciousness among individuals are some of the factors that have strengthened the growth of Asia-Pacific metal recycling market. Moreover, according to the Bureau of International Recycling (BIR), Asia produces more than 70% of stainless steel. Therefore, the region is anticipated to generate $212,118 million by 2022 and is estimated to grow at a significant CAGR of 5.2% during the forecast period.

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Key Findings of the Metal Recycling Market:

• North America is projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 4.6% during the forecast period.
• Building & construction industry, being one of the highest producers of waste material, had witnessed significant growth in 2014, and is anticipated to dominate the global market growing at the highest CAGR of 3.9%.
• Ferrous metal was the highest revenue contributor to the global market, with 57.6% share in 2014, and is expected to maintain its dominance throughout the forecast period.
• Market players have focused on adopting various strategies such as product launch, acquisition, and product innovation to expand their market outreach. For instance, on June 9, 2016, Nucor Corporation formed a joint venture with JFE Steel Corporation of Japan, to manage a plant in central Mexico for manufacturing and supply of galvanized sheet steel to the automobile industry. This joint venture helped Nucor Corporation to increase sales in the automotive market of Mexico.

The key market players profiled in the report include ArcelorMittal, Commercial Metals Company, SIMS Metal Management Limited, Nucor Corporation, Aurubis AG, European Metal Recycling Limited, Schnitzer Steel Industries, Inc., Dowa Holdings Co., Ltd., OmniSource Corporation, and Tata Steel.

Private: Global Smart Packaging Market Total Market Growing Upto $37,797 million by 2022

Smart Packaging Market: Global Opportunity Analysis and Industry Forecast, 2014-2022, the global smart packaging market size is estimated to reach $37,797 million by 2022, registering a CAGR of 7.8% from 2016 to 2022. Europe constitutes around 33.6% share in the global smart packaging market and is expected to remain dominant throughout the analysis period, registering a notable CAGR of 6.9%.

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Changes in lifestyle patterns due to rapid urbanization, particularly in emerging economies and growth in consumption of beauty products with advancement in technology drive the growth of the smart packaging market. In addition, the untapped geographical regions offer potential opportunities for the smart packaging market with the growth in hygiene concerns among consumers in these regions. However, high cost of active and intelligent packaging system is expected to hamper the global smart packaging market growth.

Healthcare or pharmaceutical industry and the medical packaging have witnessed quite a notable growth along with advances in technology. The integration of barcodes, RFID tags, or sensors is highly useful within the industry as it monitors authenticity of medicines and provides the patients, pharmacists, and other healthcare professionals with details about the expiry date, consumption, and dosages. In addition, smart packaging industry helps the healthcare sector to deal with challenges such as counterfeit and patient compliance, thereby providing complete security. Thus, this sector is projected to exhibit the fastest growth rate during the forecast period and hence increase the smart packaging market size.

The types of the smart packaging industry are active packaging, intelligent packaging, and modified atmosphere packaging. The personal care segment was the second-highest industry owing to growth in counterfeit concerns in cosmetics or personal care industry. Many of the multinational companies have initiated to integrate smart coding within the product. The smart coding technology will prevent counterfeit and provide authenticity to the product.

The smart packaging system is also expected to deliver value to technologically savvy consumers, such as tracking environmental conditions, monitoring freshness, and usage indicators.Asia-Pacific is expected to grow at the highest CAGR of 9.1% owing to the increase in urbanization and change in lifestyle of consumers in the developing countries, such as China, India, and Thailand. This is also responsible for increase in demand for smart packaging market in the region. However, Middle East is the second fastest growing region due to rise in per capita income of consumers, thereby resulting in high expenditures automotive, healthcare, personal care, and retail industry.

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Key Findings of the Smart Packaging Market:

*LAMEA is projected to be the second fastest growing region in the global smart packaging market, in terms of revenue, registering a CAGR of 8.5% during the forecast period.

*Intelligent packaging systems witnessed significant growth in global smart packaging market in 2015, and is anticipated to grow at the highest CAGR of 9.6%.

*Thermochromic ink in intelligent system, was the highest revenue contributor to the smart packaging market with 46.4% share in 2015, and is expected to maintain its dominance throughout the forecast period.*Gas scavenger in active packaging, is the fastest growing system witnessing a considerable CAGR of 10.5%.*Healthcare industry is the fastest growing smart packaging industry segment, registering a CAGR of 10.0% during the forecast period.*The key smart packaging industry players profiled in the global smart packaging market report include 3M, TempTime Corporation, PakSense, American Thermal Instruments, Avery Dennison Corp., R.R. Donnelly Sons & Company, BASF SE, International Paper, Stora Enso, and Thin Film Electronics ASA.

Global Passenger Information System Market Focus on Industry Growth,Size,Share,Trends Forecast By 2025

Passenger Information System Market by Component, Solutions, and Mode of Transportation: Global Opportunity Analysis and Industry Forecast, 20182025, the global passenger information system market was valued at $13,703 million in 2016, and is projected to reach at $45,679 million by 2025, growing at a CAGR of 14.60% from 2018 to 2025.

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Rise in demand for real-time transit information solutions for the passengers, increased adoption of smartphones, increased penetration of IoT solutions in transportation sector, and advancements in telecommunication offerings are anticipated to drive the growth of the global passenger information system market. In addition, surge in adoption of cloud and big data technologies is expected to create lucrative opportunities for the growth of the market. However, high cost associated with implementation, managing the passenger information and dearth of advanced infrastructure facilities among the developing economies of Asia-Pacific and LAMEA for installing these systems are anticipated to hamper the market growth during the forecast period.

Based on mode of transportation segment, the roadway segment led the passenger information system market in 2016, and is projected to maintain its dominance in the future. However, the railway segment is expected to witness the highest growth, owing to its increased need of passenger information system to provide accurate and reliable updates to railway passengers before and throughout their journey.
The global passenger information system market was led by the North America in 2016, and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth, registering a CAGR of 20.20% during the forecast period.

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Key Findings of the Passenger Information System Market :
*The services segment is expected to exhibit significant increase in terms of revenue during the forecast period.
*In 2016, the roadway segment accounted for the highest revenue among the other modes of transportation.
*Passenger information display system generated the highest revenue in 2016.
*Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the passenger information system market include Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, and Toshiba Corporation.

Global Organic CMOS Image Sensor Market by Image Processing, Array Type, Industry Vertical and Application: Global Opportunity Analysis and Industry Forecast, 2020-2025, The global organic CMOS image sensor market is expected to value at $696.0 million in 2020, and is projected to reach $1,750.0 million by 2025, registering a CAGR of 20.9% from 2021 to 2025.

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At present, North America dominates the market, followed by Europe. In 2020, U.S dominated the North America market and rest of Europe led the overall market in Europe. However, in North America, the U.S. currently dominates the market.

The high photoelectric conversion property, better low-light performance and richer colors & textures drive of the organic CMOS image sensor make way for the growth of the market. In addition, introduction of technologies such as 8K resolution and global shutter technology also contribute to the market growth. However, excessive generation of heat in the organic sensor technology hampers this stated growth.

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Key Findings of the Organic CMOS Image Sensor Market:

• The linear image sensors segment generated the highest revenue in the global organic CMOS image sensor market in 2020.
• In 2020, the 2D Sensors segment was the highest revenue contributor in the image processing segment.
• Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period.
• In 2020, North America contributed the highest market share, followed by Europe, Asia Pacific and LAMEA.

The key players profiled in the report include are Fujifilm Corporation, Panasonic Corporation, Sony Corporation, Samsung Electronics, Siemens AG, NikkoIA SAS, Xenics NV, AMS AG, Canon, and OmniVision Technologies, Inc..