Technavio has published a new report on the global refrigerated air dryer (RAD) market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of
the global RADmarketfor 2017-2021. Technavio presents a
detailed picture of the market by way of study, synthesis, and summation
of data from multiple sources.
The changing demographics and changing lifestyles have a profound impact
on the food consumption and the healthcare requirements of the
population. The global food consumption patterns have changed over time.
Globalization and increased per capita income are changing the eating
habits of individuals all around the world. For instance, instead of
consuming canned vegetables and fruits in winters, people buy fresh
fruits, vegetables, and other farm produce all year long from grocery
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Increased contract manufacturing in pharmaceutical
Changing climates, consumption patterns, and lifestyles and rising
disposable incomes across the world have resulted in increased
health-related issues. For instance, the number of people who have
diabetes has witnessed a near fourfold increase in the last three
decades. To cope with the rise in health issues, governments across the
world are investing heavily in healthcare sectors in order to provide a
better-quality life for their citizens.
Gaurav Mohindru, a lead unit
operations research analyst at Technavio, says, “The growth of
the overall pharmaceutical market has also led to the growth in certain
subsectors, such as contract manufacturing. Contract manufacturing
organizations of small and large molecule drug substances and formulated
drug products have had lucrative businesses in recent years.”
Growing demand for packaged food and beverages
Packaged food and beverages have been witnessing a rise in demand across
various countries, which has resulted in the growing demand for RADs.
The growing disposable income in countries, such as India, China, and
Brazil, is a key factor for the rising demand for packaged food and
“The continuous growth in population in various countries has given
rise to the demand for packaged food products, which has resulted in the
increased demand for packaging paper. Since RADs are widely used in
paper as well as the food processing industry, the rising demand for
packaged food is directly resulting in the growing demand for RADs.
Thus, the increase in the demand for packaged food and beverage products
is expected to drive the sales of RADs in the forecast period,” adds
Drying technology is a blend of material science and transport
phenomena. Since drying mechanisms involve transient energy, mass, and
momentum transfer through a porous or nonporous medium, with phase
change and with or without chemical reactions, to describe and model
them is a complex task. Due to this complexity and diversity, there is
no universal drying theory. This has created opportunities for R&D in
Since the inception of the International Drying Symposium (IDS) series
in 1978 in Canada, there has been a remarkable increase in R&D to
understand drying technology fundamentals and applying them to enhance
the performance of traditional drying techniques as well as developing
innovative ones. IDS has been a biennial event since 1977 and is
organized in major geographies globally, such as Canada (1978)
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at [email protected].
In relation to the stock quote service (the "Quote Service") information, the stock price, trade volume and turnover are provided by The Stock Exchange of Hong Kong Limited ("SEHK") and/or HKEx Information Services Limited ("Exchange-supplied information"), whilst modifications to and adaptations of the foregoing are made by Oceanwide Financial Media Limited ("Quamnet-supplied information"). For the Exchange-supplied information, you may refer to SEHK's website at http://www.hkex.com.hk/ and for Quamnet-supplied information, you may refer to http://www.quamnet.com/. There may be a delay between the Quote Service information and the Exchange-supplied information or the Quamnet-supplied information.
HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies and Quam (H.K.) Limited endeavour to ensure the accuracy and reliability of the Exchange-supplied information and the Quamnet-supplied information respectively but do not guarantee their accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.
The above information is supplied by our data providers (Netquity Financial Data, Xinhua Finance and Infocast among others) and is for reference purposes only. Neither the Group nor any of its data providers is liable or responsible for the accuracy and reliability of the above information. The Group is not responsible for any loss or damage which may be incurred as a result of any decisions made in reliance on the information contained herein or caused by informational errors or delays.
Data is being presented "As Is", and user accepts full responsibility for its usefulness. Data may be inaccurate, incomplete or out of date, and neither Hong Kong Mercantile Exchange Limited nor any affiliate whose date is displayed hereon, or any of its officers, directors, members, employees, agents, consultants or licensors shall be liable for any loss or damage arising from or related to the use of data. NEITHER HKMEX NOR ANY HKMEX'S AFFILIATE OR LICENSOR MAKES ANY REPRESENTATIONS OR WARRANTIES REGARDING THE DATA, AND HEREBY DISCLAIM ALL OTHER REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WITH RESPECT TO THE MERCHANTABILITY, QUALITY, FITNESS FOR A PARTICULAR PURPOSE, UNINTERRUPTED SERVICE, OR ERROR-FREE SERVICE, OR THE SEQUENCE, TIMELINESS, ACCURACY OR COMPLETENESS OF THE DATA.