TECHGuru

  Packaging Companies Adhere to Good Food Safety Practices to Avoid COVID-19 Contamination Since it is suspected that the novel coronavirus may have originated from animals, stakeholders have become more aware about maintaining the safety of meat. There is a high chance of transmission of COVID-19 from food and food packaging. Hence, companies in the fresh meat packaging market are educating their logistics partners and other stakeholders in the value chain to avoid cross contamination while packaging the meat. Good food safety practices recommended by the World Health Organization (WHO) are being followed by companies in the fresh meat packaging market . Since COVID-19 has led to a dip in meat consumption, companies in the fresh meat packaging market are rethinking their online marketing and sales strategies to boost product uptake via ecommerce. Packaging companies are encouraging consumers to disinfect food packaging surfaces with household sanitizers to ensure safety. Case-re

  US Lighting Products Market: Snapshot Besides the rising residential and non-residential construction, the U.S. lighting products market is immensely gaining from the high demand for retrofitting and renovation across existing U.S. households. According to Transparency Market Research (TMR), the U.S. lighting products market is poised to exhibit a CAGR of 5.0% between 2014 and 2024. At this pace, the market’s valuation will reach US$285.84 bn by 2024 from US$185.65 bn in 2015. By volume, the market stood at 3.86 bn units in 2015. Recent technological advancements in lamps and bulbs aimed at providing improved energy efficiency have catapulted growth in this market. Not only in the household sector, but the demand for energy-efficient lighting fixtures and products is rising across industries. This has paved way for several market players to come at the fore. Therefore, the increasing demand for highly efficient bulbs with long life spans will aid in the expansion of the U.S. lig

Steady Demand for Silicon Wafers Creates Business Opportunities during COVID-19 Crisis There is no industry that is unaffected by the COVID-19 crisis, including the CMP slurry market . Silicon wafer suppliers are facing challenges due to volatile demand and supply. Apart from mission-critical projects pertaining to medical devices, FMCG (fast moving consumer goods) and defense, other sectors are witnessing temporary shutdown for production & other operations. Companies are adopting strategic business measures in countries such as Canada, India, Brazil, and Pakistan due to the second & third wave of the pandemic. Current restriction protocols and preventive measures being implemented are altering routine business activities in the global CMP slurry market. As such, these measures are necessary to ensure safety of employees and workers in factories & offices. Despite an expected decrease in the demand for smartphones and other gadgets, a steady demand for silicon wafers i

  Positive Economic Conditions amidst Ongoing COVID-19 Crisis Provide Business Opportunities Virtual events and webinars are being conducted to discuss how the COVID-19 (coronavirus) crisis has caused an impact on the wire harness market . According to the Wire Harness Manufacturer’s Association, vehicle sales have been affected during April and May. However, it is estimated that vehicles sales will show improvement and stabilize by the first quarter of 2021. As such, companies in the wire harness market are diversifying their supply chains for electronics and computers since their sales are relatively good. A historic decline in the U.S. GDP (Gross Domestic Product) is anticipated to offset revenue losses of the current year by 2021-2022. Wire harness manufacturers are handling different COVID-19 requirements such as reduced staffing, closing facilities, and safety rules, among others. They are having an overall positive outcome for the economic conditions of the wire harness busi

  Filling Machines Market – Growing Emphasis on Packaging Automation to Augment Demand for Automatic Variants Consumer product manufacturing brands meticulously strategize the way their products need to be packaged to align with their branding tactics. Packaging plays an essential role in determining the product value in terms of its shelf-appeal, to offer the right blend of consumer experience and branding. Driven by the constant penetration of innovative packaging products, the packaging industry has been witnessing skyrocketing growth over the past couple of years. Amidst this, packaging machinery lays the ground for future packaging potential. The introduction of versatile packaging equipment, such as filling machines, by manufacturers, is capturing the attention of consumers who are looking for next-gen machines, where efficiency and speed are the two most significant criterions of adoption. Furthermore, highly compatible machines that do not require highly-skilled operators, en

 According to a recent market report by Transparency Market Research, titled “First Aid Kit Packaging Market: Global Industry Analysis, 2013–2018 & Opportunity Assessment, 2019–2027,” increasing adoption of first aid kit packaging in the automotive industry and compliance for first aid kits in workplace are projected to accelerate the demand for the first aid kit packaging market across the globe during 2019-2027. The revenue generated by the global first aid kit packaging market has been projected to be around US$ 282.6 Mn in 2019 and is anticipated to grow at a CAGR of 4.0% in terms of market value during 2019-2027. Boxes to be a prominent choice for workplace and industrial applications From the 19th century, boxes or cases have been a popular choice for first aid kit packaging owing to their durability, convenience, and spaciousness. Boxes or cases are still popular among manufacturers for first aid kit packaging as compared to bags or pouches. The United States-based heal

  Automotive Oil Pump Market Outlook 2031 The  global   automotive oil pump market  was valued at  US$ 14.55 Bn  in  2020 It is estimated to expand at a CAGR of  4.12%  from 2021 to 2031 The  global   automotive oil pump market  is expected to exceed the value of  US$ 22.68 Bn  by the end of  2031 Can Startups Outdo Established Automotive Giants in Oil Pump Innovations? Automotive oil pumps are one of the most important components in the internal combustion engine of vehicles. However, cut-throat competition in the automotive industry has forced companies in the automotive oil pump market to invest in R&D to gain an edge over other market players. Since the market is dominated by top-tier players, new entrants are facing a stiff competition, which indicates that it is potentially challenging for start-ups to onboard investors. Thus, thorough R&D is emerging as a winning strategy to innovate in automotive oil pumps. The proliferation of electr