Electric Scooter and Motorcycle Market worth $14.7 billion by 2028 – Exclusive Report by MarketsandMarkets™


Electric Scooter and Motorcycle Market by value, is estimated to be USD 4.9 billion in 2023 and is projected to reach USD 14.7 billion by 2028, at a CAGR of 24.8% from 2023 to 2028, according to a new report by MarketsandMarkets™The market for electric scooters and motorcycles is expected to rise as a result of reasons including rising fuel prices, the adoption of emissions-free transportation, and advantageous government policies including subsidies and tax refunds.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142827777

Browse in-depth TOC on “Electric Scooter and Motorcycle Market”

120 – Tables
90 – Figures
320 – Pages

Electric Scooter and Motorcycle Market Scope:

Report Coverage


Market Size

USD 14.7 billion by 2028

Growth Rate

24.8% of CAGR

Largest Market

Asia Pacific

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period


Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Vehicle Type, Battery, Distance Covered, Voltage, Technology, Vehicle Class Usage, and Region

Geographies Covered

Asia Pacific, Europe, and the Americas

Report Highlights

Updated financial information/Company Evaluation Quadrant

Key Market Opportunities

Use of IoT and Smart Infrastructure in Electric Two Wheelers Charging Station for Load Management

Key Market Drivers

Implementation of Battery Swapping Technology

Government agencies from several nations are creating lucrative incentives and programmes to entice people to purchase electric two-wheelers, including significant discounts, initially free electricity, and free public charging stations. In addition, governments are collaborating with producers to construct charging and production facilities, exempting them from taxes. These elements are anticipated to fuel the demand for electric scooters and motorcycles in the future.

The potential of electric mobility, which can prevent environmental damage, reduce global warming, as well as reduce dependence on oil-producing nations, has been recognised by governments around the world. This can result in significant savings on import costs and help manage foreign exchange risks. These government incentives will be essential in influencing the market.

Europe is expected to be the second-largest market during the forecast

Europe is home to many electric two-wheeler manufacturing companies such as Energica Motor Company (Italy), GOVECS (Germany), and Piaggio (Italy). The automotive industry is one of the key contributors to Europe’s economy. The European region is segmented into GermanyFranceSpainAustriaBelgiumthe NetherlandsPolandDenmarkItaly, and UK. The increasing concerns over carbon emissions by conventional ICE two-wheelers and efficiency in this mode of travel have led the European two-wheeler manufacturers to develop electric scooters and motorcycles, which has propelled the growth of the electric scooter and motorcycle market. Government initiatives have encouraged the key players in the market to develop advanced electric two-wheelers as well as the infrastructure for charging facilities. The demand for electric two-wheelers has allowed new players to increase their presence in the region. Governments of various European countries are subsidizing electric infrastructure, and the focus will continue to be on electric vehicles in the long run. Hence, the electric scooters and motorcycles market will grow in the future in Europe. In December 2022, Astara has signed a strategic partnership with Silence Urban Ecomobility to distribute their electric scooters and vehicles for micro mobility in Belgium and Luxembourg.

The below 75 miles segment is expected to be the largest segment in the forecast

The below 75 miles segment is estimated to lead the global electric scooter and motorcycle market, as most electric scooters/mopeds have a range of up to 75 miles. The below 75 miles range market will be the largest and fastest growing over the forecast period. Many models within this range are popular in the Asia Pacific region, which will play a vital role in driving the market growth. Yadea G5, Xinri Shiny, Hero Optima HX (single battery), Okinawa R30 (Lithium Ion) and Flash LX (lead-acid battery) are some of the popular electric scooters and motorycles. Manufacturers have created battery technology with a higher range due to ongoing advancements in battery R&D. Thus, the above 100 miles segment is anticipated to grow at a higher CAGR than other segments. In 2022, iVOOMi Energy launched iVOOMi S1, vehicle is equipped with the 4.2 Kwh twin removable battery setup on the iVOOMi S1 provides a range of 240 km/charge under Indian Driving Conditions (IDC). In addition to this, Revolt RV 400, Ola S1, ZERO SR, Johammer J1, Zero Motorcycle DSR/X, Energica Experia etc., offer a range of over 100 miles. The market is therefore expected to expand in the future as OEMs prepare to introduce vehicle models for electric two-wheelers in the higher range.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=142827777

Key Market Players:

The major players in global electric scooter and motorcycle market include Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), NIU International (China), Hero Electric (India), and Okinawa Autotech Internationall Private Limited (India).  These companies offer extensive products and solutions for the electric two-wheeler industry; have strong distribution networks at the global level, and invest heavily in R&D to develop new products.

Recent Developments

  • In January 2023 Yadea Group (China) launched Yadea Keeness VFD atConsumer Electronics Show (CES) in Las Vegas, Nevada. Keeness VFD model is equipped with a 10KW mid-mounted high-performance motor and features a maximum speed of 100km/h, and an acceleration from 0-50km/h in just 4 seconds.
  • In January 2023 Yadea Group (China) launched new model Volrguard. The scooter is powered by an ATL lithium battery pack (72V27Ah*2), featured with ultra-high density, which outputs higher power at the same time.
  • January 2023, hero electric has entered into a long-term partnership with maxwell energy systems for the supply of advanced battery management systems. Under the partnership, maxwell will supply more than 10 lakh units of its battery management systems (bms) over the next three years to hero electric.
  • October 2022NIU International announced to  launch of their newest kick scooter, the KQi3 Max. With a top speed of 20 MPH, and a 40.4-mile range, the KQi3 Max kick scooter offers maximum performance, comfort, and stability.
  • April 2022, Init Esports, the Esports Powerhouse that specializes in sim racing events & motorcycle tournaments, announced its partnership with NIU Technologies, the world’s leading provider of smart urban mobility solutions.
  • July 2022, The Silence Urban Ecomobility launched new model S01+. Scooter is equipped with 7.5 kWh of battery with vehicle range of 137 km/charge. The scooter has a top speed of 109 kmph.
  • December 2022, Astara has signed a strategic partnership with Silence Urban Ecomobility to distribute their electric scooters and vehicles for micro mobility in Belgium and Luxembourg.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=142827777

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

Related Reports:

E-bike Market – Global Forecasts to 2027

Light Electric Vehicles (LEVs) Market – Global Forecasts to 2027

EV Battery Market – Global Forecasts to 2027

EV Charging Station Market – Global Forecasts to 2027


Selvita with record results in 2022, builds a base for further dynamic growth in upcoming periods


Selvita S.A. [WSE: SLV] – one of the largest CRO (Contract Research Organization) companies in Europe has published a full-year report for 2022*. The Group reported record results for 2022, in excess of meeting the objectives of its ambitious development strategy for 2022-2025. In 2023 the Company is strengthening the base for further dynamic growth of its business scale.

  • In 2022 Selvita (excl. Ardigen) generated EUR 75.4 million in revenue from commercial services, marking an increase of 29% y/y. EBITDA profit reached EUR 22.7 million, 41% higher than in 2021 (EBITDA margin reached 30.0%, 2.6 p.p. higher y/y).
  • At the end of March, Selvita announced that it had completed construction of its new research space in Krakow, to which it is moving part of its high-margin drug discovery services business. Selvita’s new research center is capable of providing workspace for approximately 250 scientists, marking a significant milestone in the Company’s development and laying the foundation for the Company’s continued organic growth.
  • Selvita’s backlog for 2023 reached EUR 43.3 million (as of March 28, 2023) and is 7% higher than the value reported a year earlier (as of March 24, 2022), despite a very high base. There are many indications that in 2023 the dynamics of contracting between quarters will be different than usual. The company is observing an increased caution from its customers, resulting in contracting for shorter periods, which makes it possible to count on extensions in subsequent quarters of 2023.
  • Due to investments in infrastructure and team development, the Company entered 2023 with a higher cost base, which taking into account slowing growth rates, is putting pressure on margins. Today, Selvita is fundamentally positioned for continued strong growth, and the Management Board’s priority is to return to high revenue growth and margin levels.
  • Selvita is actively responding to this situation, focusing on identifying markets and customers with the largest research budgets, significantly intensifying sales activities in selected areas – primarily in the US market and towards big pharma. The Company is already observing the first effects of these activities and expects further positive results from the tactics adopted in the coming months.
  • In parallel, the Company is taking advantage of this more challenging period to identify areas where optimizations can be made, and is improving its savings policies, which should have a positive impact on margins both in the coming quarters and in the long term.

Boguslaw Sieczkowski, co-founder, major shareholder and Chief Executive Officer at Selvita, comments:

– 2022 was a record year for us. We made good use of several years of excellent economic conditions, growing more than three times faster than our environment and more than quadrupling the scale of the business between 2019 and 2022. At the same time, we have built a solid base for further dynamic growth and are now focusing on increasing and diversifying our revenue base. There are many indications that this year the distribution of backlog between quarters will be different than usual. Thus, we expect growth rates to increase and margins to improve in the second half of 2023. Returning to the high dynamics of revenues and margin levels that we got our investors accustomed to is our top priority at the moment.

Both biotechnology and pharmaceutical companies have high cash reserves and are gradually increasing their R&D spending, outsourcing an increasing portion of its activities. At the same time, access to new capital has been difficult for several quarters, making our clients more cautious with their budgets. This situation allows us to hope that as market sentiment improves, our clients will quickly return to bolder investments in R&D. In the long term, we operate in an attractive market, which gives us excellent prospects for growth.

While funding for the global biopharmaceutical sector more than doubled in the pandemic years – 2020-2021 – in 2022 it dropped to the 2019 levels, with the largest amount of capital (more than 70%) going to companies in the U.S. market. In Europe, the U.K. market stands out positively. Selvita is very active in both these markets, based on its local sales offices in major biotech centers.

Dr. Milosz Gruca, Executive Vice President and Chief Commercial Officer at Selvita, said:

– We are trying to play on our numerous competitive advantages and focus on the most attractive markets and customers at the moment. We took the first steps towards strengthening sales back in 2022, and since the beginning of this year we have significantly intensified these activities.

In 2022 Selvita completed the integration of Fidelta, the Croatian company, acquired in early 2021. Selvita has strengthened its market position, significantly increased its customer portfolio and introduced new high-margin services. At the same time, the Company continued to invest in team and infrastructure development. In March 2023, Selvita announced the completion of its new headquarters in Krakow, which constitutes nearly 4 000 sq. m. of new research space and can provide workspace for approximately 250 scientists.


In 2022, Selvita’s drug discovery services generated EUR 63.7 million (up by 24% y/y) and accounted for 84% of Selvita’s commercial services revenue. Services in the area of regulatory research constituted the remaining part of commercial services revenues and amounted to EUR 11.7 million (up by 61% y/y).

Dr. Milosz Gruca adds:

– We are continuing very strong business development activities. While in 2022 we participated in more than 80 events, this year we plan to take part in more than 110 shows and conferences. We are working hard to strengthen our visibility and scientific recognition.

The bioinformatics segment (Ardigen) generated in 2022 EUR 10.2 million in external revenues, indicating a 51% year-on-year increase. EBITDA in this segment of the business amounted to EUR 1.3 million. The company continues its intensive development investments. Starting in 2023, Ardigen will not be consolidated in Selvita’s results.

For the full year 2022, Selvita Group generated EUR 88.8 million in revenue, showing an increase of 31% year-on-year. EBITDA amounted to EUR 24.0 million (stable profitability at 27.0%), a result which is 32% higher than a year earlier. Net profit reached EUR 13.5 million (up by 28% y/y, profitability of 15.2%).

In Q4 2022 alone, the Group generated EUR 23.1 million in revenue, up by 16% year-on-year. EBITDA amounted to EUR 5.6 million, and due to Ardigen’s intensive investments, remained at a similar level to a year earlier.

There are numerous indications that in 2023 the dynamics of contracting between quarters will be different than usual. Selvita’s backlog for 2023 reached EUR 43.3 million (as of March 28, 2023) and is 7% higher than the value reported a year earlier (as of March 24, 2022), despite a demanding market environment and a high base. The Company expects intensified contracting in the second part of the year.

The market in which Selvita operates is at the advanced stages of the longest and deepest cycle of restrictions on access to new financing seen in the last 15 years. Both biotech and pharma companies have high cash reserves, but due to heightened uncertainty, they are investing in R&D activities more cautiously, and what follows R&D outsourcing is also handled more cautiously. Selvita is expecting this situation to improve swiftly once market sentiment improves.

Boguslaw Sieczkowski adds:

– We are looking ahead to 2023 with a lot of caution but also optimism. We have taken numerous measures focused on business development growth, targeting the market sectors which are currently most attractive. At the same time, we are implementing various optimization measures, and have introduced cost-saving policies that will have a positive impact on Selvita’s efficiency both in the coming quarters and further in the future.

 *The results do not include non-cash costs of the non-dilutive employee incentive program. Backlog as of March 28, 2023.


Carbon & Graphite Felt Market worth $770 million by 2028- Exclusive Report by MarketsandMarkets™


The report Carbon & Graphite Felt Market by Raw Material type (PAN, Rayon, and Pitch), Product Type (Soft Felt and Rigid Felt), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region – Global Forecast 2028″, is estimated at USD 491 million in 2023 and is projected to reach USD 770 million by 2028, at a CAGR of 9.4% from 2023 to 2028. Carbon and graphite felts are non-woven fabrics made from carbon fiber, namely, PAN, rayon, and pitch. These non-woven fabrics, when passed through processes such as carbonizing, graphitizing, pressing, and mixing, form carbon and graphite felts.

Browse in-depth TOC on “Carbon & Graphite Felt Market”

292 – Tables
47 – Figures
215 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15496274

PAN raw material segment is expected to account for largest share in 2022.

On the basis of raw material type, the global carbon & graphite felt market is segmented into PAN, rayon, and pitch. Carbon and graphite felts are produced using these materials either by the carbonization or graphitization processes at very high temperatures ranging from 3,632°F to 6,322°F. The demand for PAN-, pitch-, and rayon-based carbon & graphite felts may vary because of their different physical properties, usage in different applications, and different manufacturing processes used in their production. PAN-based carbon & graphite felt holds the largest share of the overall market.

Soft carbon & graphite felt segment held the largest market share in the market.

Based on the product type, market is segmented into soft felt and rigid felt. In 2022, soft felt segment dominated the market in terms of both, volume, and value. The soft carbon & graphite felt get widely used in the multiple areas such as heated vacuum furnaces, graphitizing furnaces, annealing furnaces, and many more.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=15496274

Asia Pacific accounted for the largest share in 2022

The carbon & graphite felt market has been studied in North AmericaEuropeAsia PacificMiddle East & Africa and Latin America. The Asia Pacific carbon & graphite felt market is being driven by growing need of renewable energy. The growing focus on the energy savings, and emission control policies along with the technological developments in then region is driving the market growth.

Market Players

Major players operating in the carbon & graphite felt market SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Beijing Great Wall Co., Ltd. (China), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China) are some of the market players.

Browse Adjacent Market: Fibers and Composites Market Research Reports & Consulting

Related Reports:

Composites Market– Global Forecast to 2027

Transportation Composites Market– Global Forecast to 2025


With Security Copilot, Microsoft brings the power of AI to cyberdefense


Microsoft Corp. announced it is bringing the next generation of AI to cybersecurity with the launch of Microsoft Security Copilot, giving defenders a much-needed tool to quickly detect and respond to threats and better understand the threat landscape overall. Security Copilot will combine Microsoft’s vast threat intelligence footprint with industry-leading expertise to augment the work of security professionals through an easy-to-use AI assistant.

“Today the odds remain stacked against cybersecurity professionals. Too often, they fight an asymmetric battle against relentless and sophisticated attackers,” said Vasu Jakkal, corporate vice president, Microsoft Security. “With Security Copilot, we are shifting the balance of power into our favor. Security Copilot is the first and only generative AI security product enabling defenders to move at the speed and scale of AI.”

Security Copilot is designed to work seamlessly with security teams, empowering defenders to see what is happening in their environment, learn from existing intelligence, correlate threat activity, and make more informed, efficient decisions at machine speed.

Simplifying complexity and accelerating responses

In a world where there are 1,287 password attacks per second, fragmented tools and infrastructure have not been enough to stop attackers. And although attacks have increased 67% over the past five years, the security industry has not been able to hire enough cyber risk professionals to keep pace. This has led to defenders who are overwhelmed searching for well-disguised attacks within an impossibly large volume of expanding network traffic and other signals.

Security Copilot will simplify complexity and amplify the capabilities of security teams by summarizing and making sense of threat intelligence, helping defenders see through the noise of web traffic and identify malicious activity.

It will also help security teams catch what others miss by correlating and summarizing data on attacks, prioritizing incidents and recommending the best course of action to swiftly remediate diverse threats, in time.

Continually learning to augment the expertise of security teams

Security Copilot will also continually learn and improve to help ensure that security teams are operating with the latest knowledge of attackers, their tactics, techniques and procedures. The product will provide ongoing access to the most advanced OpenAI models to support demanding security tasks and applications. Its visibility into threats is powered by both the customer organization’s security data and Microsoft’s vast threat analysis footprint.

These capabilities can empower security teams of any size with the skills and abilities of much larger organizations. In addition, Security Copilot helps address skills shortages in cybersecurity by bridging knowledge gaps and enhancing workflows, threat actor profiles and incident reporting across teams.

“Advancing the state of security requires both people and technology — human ingenuity paired with the most advanced tools that help apply human expertise at speed and scale,” said Charlie Bell, executive vice president, Microsoft Security. “With Security Copilot we are building a future where every defender is empowered with the tools and technologies necessary to make the world a safer place.”

Built on the Microsoft platform and industry-leading threat intelligence

Microsoft is uniquely qualified to help customers explore and adapt AI to boost their cybersecurity defenses. Microsoft Security is actively tracking more than 50 ransomware gangs as well as more than 250 unique nation-state cybercriminal organizations, and receives 65 trillion threat signals every day. Microsoft technology blocks more than 25 billion brute-forced password theft attempts every second, and more than 8,000 security professionals at Microsoft analyze more security signals than almost any other company — on average Microsoft’s Security Operations Center analysts utilize over 100 different data sources.

Acquisitions like RiskIQ and Miburo give Microsoft breath of signal and depth intelligence on threat actors that no one else has. Security Copilot also integrates natively with a growing list of Microsoft Security products, such as Microsoft Sentinel and Microsoft Defender, to help customers create an end-to-end experience across their entire security program.


Teleperformance launches its futuristic new site in Hyderabad


Teleperformance, the global leader in digital integrated business services, has launched another site in Hyderabad, this time at DLF Cyber City. The Hyderabad campus is named ‘AVINYA,’ derived from Sanskrit, meaning ‘Innovation.’ Avinya is located at DLF Cyber City in Gachibowli and spans over 52,000 square feet. The office is based on the theme of Artificial Intelligence and will house operations for global clients.

The new campus will accommodate over 1,000 employees and is equipped with over 560 production workstations and another 100 for conducting in-house training. The new site is designed with modern amenities including a 24×7 cafeteria, an indoor gaming zone, meditation corners, ample parking space, and gender-neutral bathrooms allowing for a more diverse and inclusive workforce.

Teleperformance, in line with its plans to hire an additional 20,000 employees in India in the coming 18 months, continues to invest in both physical and online infrastructure. Its newest site at Hyderabad adds to the recently inaugurated TP Olympiad at Mohali and TP Campus at Cyber Hub, Gurgaon.

Ahead of the launch, Teleperformance organized a rock concert at the N-Convention center for its employees to celebrate this milestone.

Teleperformance currently employs over 90,000 people in India, serving over 200 clients including the world’s leading brands. Whilst building additional state-of-the-art infrastructure across metro and Tier-2 cities, it also continues to lead the anywhere-anytime work model, leveraging its Cloud Campus – a global virtual workforce platform. Teleperformance Cloud Campus has been recognized across multiple global industry forums as a next-gen innovation for optimizing remote teams.

The company is 10 times Great Place To Work® certified in India, ranked amongst the ‘Best Workplaces in Asia,’ and is also certified as one of the ‘Best Workplaces for Women’ three years in a row by Great Place To Work®.

According to Anish Mukker, CEO of Teleperformance India, the welfare of its employees is one of the core principles of Teleperformance. “We believe a happy work culture makes employee contributions more worthwhile and meaningful. That is why we have invested in offices that encourage our staff to perform at their highest level by making them feel at ease and valued. As we focus on our growth in India for 2023, we recognise that our people play an integral role, and this new office is a part of our commitment to strive for quality and success at every turn.”


SciBase and Schweiger Dermatology Group partner to advance skin cancer detection in select New Jersey locations


SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders announced today that they have entered into a collaboration agreement with Schweiger Dermatology group (“SDG”) to pilot Nevisense in their Freehold, NJ office. Schweiger Dermatology Group is the largest dermatology practice group in the Northeastern US, with over 90 offices and more than 300 healthcare providers throughout New YorkNew JerseyPennsylvania and Connecticut. The agreement will provide Schweiger Dermatology Group’s Freehold, New Jersey practice with Nevisense, the only FDA approved test for early melanoma detection at point-of-care.

“We are excited to integrate the Nevisense test during routine skin exams in our Freehold and Verona, New Jersey offices and offer our patients the latest technology for the earliest possible detection of melanoma. Melanoma is the deadliest form of skin cancer, but when detected early, treatment has a nearly 100% cure rate. Early testing and treatment are critical for improving survival rates.  Providing our patients with the most advanced technology further supports our commitment to delivering the best care to our patients,” said Dr. Jason H. Miller, Medical Director for New Jersey and Long Island for Schweiger Dermatology Group.

“We are very pleased to announce our collaboration with Schweiger Dermatology Group. In addition to the early detection benefits for patients, the partnership means clinicians at Schweiger Dermatology Group’s Freehold and Verona, New Jersey offices will have access to state-of-the-art melanoma detection technology. For SciBase, we establish a further partner that helps introduce Nevisense to US payers,” said Simon Grant, Chief Executive Officer of SciBase.


Food Packaging Industry Gains Ground with Surging Demand for Flexible & Sustainable Packaging Solutions – Grand View Research, Inc.


The food packaging industry size stood at USD 346.5 billion in 2021 and will witness an appreciable gain in the wake of the rising footprint of e-commerce channels across business verticals, according to the “Food Packaging Industry Data Book, 2023 – 2030,” published by Grand View Research. The COVID-19 pandemic-induced boom in e-commerce sales expedited online shopping. The trend for sustainable packaging could provide a holistic value proposition. Notably, an acceleration in demand for convenience food and packaging alternatives has driven market growth.

Brands are counting on innovative ways to monitor food quality, keep track of expiry dates, sense the environment inside and outside the product and determine if the products were tampered with. The advent of intelligent packaging comes against the backdrop of technological advancements in biosensors and sensors. Besides, the use of Augmented Reality in packaging has ushered innovation to assess objects in 3D and view demonstrations.

Stakeholders are harnessing the potential of flexible packaging to boost their sustainability profile. The environmentally friendly packaging fosters food shelf-life and keeps produce fresh. Furthermore, packaging weight can be minimized, reducing material waste and saving on costs. Environmental upsides are expected to have a positive influence on the growth trajectory. The flexible food packaging market size was valued at USD 150.9 billion in 2021 and will observe a CAGR of 6.3% during the forecast period. The trend is partly attributed to moisture-enhancing, resealable design and easy-to-store attributes.

Order your copy of the Free Sample of “Food Packaging Industry Data Book – Flexible Food Packaging, Fresh Food Packaging, Food Container and Micro-perforated Food Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Lately, fresh food packaging has gained traction in light of the significant demand for chopped vegetables, single-serve salad packaging, fresh herbs packs and vegetable trays. Moreover, green packaging materials, including recycled paper and bioplastics, have emerged as tailwinds. Industry players expect the surging vegan population to augur well for packaging manufacturers. The fresh food packaging market size garnered USD 129.0 billion in 2021 and is expected to witness around 5.0% CAGR during the assessment period. Exponential demand for organic fresh food in emerging and advanced economies will encourage stakeholders to bolster their footprint across untapped areas.

Dynamics that are slated to influence the global landscape are delineated below:

  • Recyclable packaging will continue to amass popularity globally. The use of the recyclable paper board, bamboo buckets and doing away with plastic straws could be a few of the yardsticks manufacturers adopt to meet consumer demand for sustainable products. In January 2021, Kraft Heinz reportedly tested a recyclable paperboard for its Macaroni & Cheese product. The company expects to make 100% recyclable, compostable and reusable packaging by 2025, a giant stride towards bolstering environmental, social and governance (ESG) goals.
  • Micro-perforated food packaging is poised to add a fillip to the market growth with expanding applications across bakery & confectionary, fruits & vegetables and ready-to-eat sectors. Some upsides, such as optical transparency, extended shelf-life, tremendous breathability and higher elasticity, will solidify the position of food packaging manufacturers and suppliers.
  • North America will witness investments abound against the backdrop of preference for a vegan diet, favorable government policies and soaring demand for convenience food. In December 2022, the U.S. Department of Agriculture announced pouring USD 9.5 million to ramp up bio products from agriculture commodities. Virginia Polytechnic Institute and State University was one of the awardees proposing to convert food waste into polyhydroxyalkanoate (PHA)-based, biodegradable bioplastics that can be used for rigid and flexible packaging, consumer plastics and containers for food & beverages.

Go through the table of content of Food Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study

Asia Pacific food packaging industry share will witness a notable uptick, mainly due to the burgeoning population and urbanization that have scaled up the demand for fresh food. In essence, intelligent and sustainable packaging has shown promising signs, especially in ChinaAustraliaJapan and India. Millennials and the Gen Z population have exhibited traction for environmentally responsible products. Leading companies are likely to address the concern with an infusion of funds into flexible packaging and a ban on single-use plastics. In July 2022, Amazon India asserted that it had minimized packaging waste by 36%. Brands are expected to explore opportunities from expanding the retail sector and the e-commerce business.

Incumbent players are poised to inject funds into organic and inorganic strategies to tap into the global market. An emphasis on technological advancements, mergers & acquisitions, R&D activities, innovations and product offerings could be pronounced. To illustrate, in April 2022, Mondi announced rolling out sustainable packaging solutions for the food industry in Germany. The packaging company expects the innovative packaging solution to boost the shelf-life and reduce food waste.


Resecurity® Exhibit at World Police Summit 2023 to Showcase Cyber Threat Intelligence and Dark Web Monitoring Solutions


Resecurity, Inc. (USA), a Los Angeles-based cybersecurity company protecting Fortune 500 companies, showcased its solutions at the World Police Summit 2023 held in Abu Dhabi, UAE, from March 2023. The solutions presented by Resecurity were particularly of interest to law enforcement agencies (LEA) and defense contractors focused on malicious cyber activity investigations and threat intelligence gathering for national security purposes.

The event brought together over 3,000 professionals from the security industry, including security experts, government officials, and law enforcement professionals. The event offered a platform to showcase the latest threat intelligence technologies and innovations that can assist law enforcement agencies in protecting critical infrastructure and fighting against cybercrime.

Resecurity’s participation in the event aimed to offer insight into the challenges that law enforcement face in the rapidly evolving cybersecurity landscape. Resecurity presented award-winning Cyber Threat Intelligence (CTI), Dark Web Monitoring (DWM), Digital Risk Management (DRM), Fraud Prevention (FP) and Identity Protection (IDP) solutions designed to address the emerging challenges and provide organizations with the necessary tools to combat cyber threats effectively.

Resecurity® Context, a cyber threat intelligence platform (CTIP) was showcased at the event in form of interactive workshops. The platform is powered by advanced technologies such as AI and machine learning (ML) and is designed to extract meaningful insights from context-enriched Big Data leveraging proprietary graph-based analysis. The platform contains threat actors’ profiles, mapped network activity, indicators of compromise, and a historical archive of underground communications that can be analyzed using natural language processing (NLP) technology. Resecurity’s CTIP is particularly useful for law enforcement agencies as it can assist in tracking illicit criminal activities on the web, including terrorism. The platform is widely used by law enforcement and national security organizations in multiple regions for today.

Resecurity also showcased its portfolio of products for effective digital risk monitoring (DRM) of the enterprise digital ecosystem. Resecurity’s DRM solutions offer early warning identification of data breaches and provide comprehensive protection against cybersecurity risks.

Gene Yoo, CEO of Resecurity, said, “We are honored to participate in the World Police Summit 2023 and demonstrate our commitment to providing advanced cybersecurity solutions to help law enforcement combat the emerging threats and new security challenges internationally.”

The World Police Summit is a major international event that brings together leaders in law enforcement and security from around the world. Attendees of the summit had the opportunity to learn about Resecurity’s Context™ which provides law enforcement and private sector organizations with the tools they need to collect and analyze actionable threat data. The platform is designed to extract meaningful insights from context-enriched big data, containing threat actors’ profiles with mapped network activity, indicators of compromise, and a historical archive of underground communications with the opportunity of in-depth search, translation, and analysis using natural language processing (NLP).

Resecurity’s focus on cyber threat intelligence solutions makes it an ideal partner for law enforcement agencies and private sector organizations. The company offers a range of solutions, including dark web monitoring and human intelligence (HUMINT) tools that enable the collection of threat data to profile bad actors and their tactics. With the increasing sophistication of modern threat actors and groups, Resecurity’s solutions require advanced data science, artificial intelligence, and machine learning capabilities to effectively monitor the deep and dark web.

The United Arab Emirates, a regional hub for finance, tourism, and technology, has experienced significant growth in recent years, making it a target for cyber-attacks. Resecurity’s participation in the World Police Summit highlights the importance of cybersecurity in the region and the need for law enforcement agencies and private sector organizations to take proactive measures to protect their digital assets.

During the World Police Summit, Resecurity presented its cybersecurity solutions to attendees from law enforcement agencies and private sector organizations. The solutions of interest were focused on dark web monitoring and human intelligence (HUMINT) tools, which enable collection of threat data to profile bad actors and their tactics. The dark web, an untraceable area of the internet that traditional search engines do not index, is home to innumerable hidden marketplaces, communities, groups, and forums used to traffic illegal goods and services. These include child pornography, drugs, and weapons, as well as tools for malware and ransomware distribution. The consequences of cybercrime originating from the dark web impact nearly every industry and cost the global economy as much as $600 billion, or about 0.8 percent of global GDP. Security industry experts project that companies around the world will incur costs and lost revenue amounting to more than $5 trillion over the next five years due to cyberattacks.

Resecurity provides unique Human Intelligence (HUMINT) capabilities to target Dark Web actors and sophisticated cyberespionage groups covering the UAE and the wider Middle East region. The company’s comprehensive investigative and intelligence services assist clients with post-incident response, as well as preventive measures via proactive cyber threat intelligence to enhance their cybersecurity posture.

Recently Resecurity® products have been named a Gold Winner by the 2022 Cybersecurity Excellence Awards in North America. Resecurity products and services received Gold recognition across 3 categories in highly competitive categories such as cyber threat intelligence (CTI), threat hunting, and third-party risk management (TPRM):

GOLD WINNER for Cyber Threat Intelligence in North America: Resecurity® Context™ Cyber Threat Intelligence Platform

GOLD WINNER for Third Party Risk Management (TPRM) in North America: Resecurity® Risk™ Supply Chain Risk Management Platform

GOLD WINNER for Threat Hunting in North America: Resecurity® Hunter™ Research & Development

Resecurity® has been recognized by Frost & Sullivan as a Leader in the Cyber Threat Intelligence Market and has been included as the top Cyber Threat Intelligence Platform (TIP) Provider globally. The company has been recently highlighted in the latest Global TIP Market Report 2022 and External Risk Mitigation Platforms providing information about the most successful CTI and digital risk management industry players. The Frost & Sullivan report details the organization’s market research, identifying trends in the market and top vendors and tools in the market.


Gogoro, Zomato and Kotak Mahindra Prime Partner in India to Accelerate Ownership of Electric Two-wheel Vehicles by Last Mile Delivery Partners


Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a partnership with Zomato, one of the largest food ordering and delivery platforms in India, and Kotak Mahindra Prime Limited, a subsidiary of Kotak Mahindra Bank Limited. The first of its kind in India, the partnership is focused on accelerating the adoption of sustainable electric vehicles by delivery partners that are on board with Zomato offering them new, more favourable loan terms not available in India today. The three-way partnership aligns with the government of India’s focus on providing broad affordable access to sustainable transportation.

“The urban transformation to electric transportation in India’s cities has begun and it is essential that we provide delivery partners with an accessible path to own and leverage the benefits that smart electric two-wheel vehicles and battery swapping offer. Gogoro, Zomato and Kotak are partnering to make this a reality,” said Horace Luke, founder, and CEO of Gogoro. “Gogoro Network battery swapping and vehicles provide a proven track record of safety and security that Non-Banking Financial Companies (NBFCs) like Kotak Prime can embrace and support. This partnership will provide a powerful opportunity for delivery partners to lead India’s transition to smart and safe electric transportation.”

The companies will offer last-mile delivery partners with affordable loan terms and battery swapping services that enable them to adopt sustainable transportation. Gogoro battery swapping and Smartscooters offer safe, reliable, and always available energy, while tethered electric charging still requires dedicated parking and charge time that reduces delivery partner availability and income.

With more than 300,000 delivery partners, Zomato is a leading food ordering, delivery and dining-out platform headquartered in India. It is the only food ordering and delivery platform to have committed towards The Climate Group’s EV100 initiative to transition to 100% EV-based deliveries by 2030. Given its commitment to sustainable growth, it is imperative that Zomato take the lead to provide delivery partners with access to advanced electric solutions like the Gogoro Smartscooter and Gogoro’s Swap & Go battery swapping network.

“Electric two-wheelers powered by affordable, reliable, and accessible battery swapping solutions can positively impact delivery partner pay-outs, apart from reducing air pollution. That’s why we’re excited to partner with Gogoro and Kotak on this endeavour,” said Mohit Sardana, COO, Food Delivery at Zomato.

Kotak Mahindra Prime Limited, the vehicle leasing division of Kotak Mahindra Bank, India’s fourth largest bank, is committed to providing more accessible loan terms for sustainable transportation and will utilize the unique security features in Gogoro’s Smartscooter, including 100-percent user authentication that makes it very difficult to steal. Additionally, payment delinquency will be very low because access to battery swapping can be paused.

“We are pleased to partner with Gogoro and Zomato to further the adoption of electric two wheelers in the country. Sustainable transportation and easy loan access to the consumers is the key,” said Vyomesh Kapasi, MD & CEO of Kotak Mahindra Prime Limited. “This is an exciting opportunity for Zomato delivery partners to get access to Gogoro Smartscooters and Gogoro’s Swap & Go battery swapping network.”

Last mile delivery fleets require a sustainable solution that not only achieves the best alternative to internal combustion engine (ICE)vehicles but is well suited to the specific segment needs of the delivery industry. The Gogoro platform delivers the most sophisticated two-wheel battery swapping system that enables delivery operators to manage their fleets and deliveries more efficiently and sustainably.

Gogoro Network Battery Swapping

With more locations than gas stations in Taiwan’s cities, the Gogoro Network is a new generation of swappable battery refueling that is smart, safe and continually optimizing itself to be dynamic and versatile for riders, businesses and communities. The Gogoro Network supports more than 535,000 riders and has more than 1.1 million smart batteries in circulation through its network of 12,300 battery swapping GoStations at over 2,500 locations. With more than 400,000 daily battery swaps and more than 442 million total battery swaps to date, Gogoro Network battery swapping has saved more than 611,000 tons of CO2 since it launched.


2023 Taiwan-Japan Smart City Exchange Summit: creating a new paradigm with data applications


In a move to deepen exchanges between Taiwan and Japan and increase future business opportunities in smart cities, the 2023 Taiwan-Japan Smart City Exchange Summit co-organized by VponiKalaNextDrive and New Economy Ventures (NEV) will be held on the first floor of Taipei Nangang Exhibition Center on March 29. At the event, participants will share their knowledge and experience on how to use data technology to reimagine transportation, tourism, business and governance while building and managing smart cities in Taiwan. The Osaka Convention & Tourism Bureau has been invited to share local successful cases, with the goal of facilitating future planning for the joint development of smart cities and opening up further collaborative opportunities between Taiwan and Japan.

The 2023 Japan Smart City Exchange Summit specially invited Osaka Convention & Tourism Bureau chairman Hiroshi Mizohata to share case experiences in Japan. He welcomed the potential for tie-ups between companies in Taiwan and Japan that enhance cooperation in data applications. In addition, representatives from a host of Taiwan government agencies including the Taipei City Government’s Department of Information and Tourism, New Taipei City Government’s Tourism and Travel Department, Taoyuan City Government’s Taoyuan First Stop in Taiwan, Pingtung County Government’s Transportation and Tourism Division, Taipei City Government’s Department of Information and Tourism, and Taichung City Government’s Research, Development and Evaluation Commission will also participate in the summit during which they will share their cases involving the application of big data in the development of smart cities, as well as ideas for smart city sustainability, smart infrastructure construction and urban digital transformation.

The four co-organizers will also share their own opportunities on smart city development. Among them Vpon founder Victor Wu, who entitled his presentation “Impact of a big data ecosystem: the mission and task of gathering together multiple teams for cross-border development”, will talk about his firm’s experience in creating more complete solutions by collaborating with other Taiwanese companies to enter the Japanese market as the driver of data solutions within the context of TaiwanJapan exchanges. iKala co-founder and CEO Sega Cheng will elaborate on trend insights based on tracking the efforts undertaken by online celebrities involved in cross-border businesses and how their Key Opinion Leader Radar solution can be applied to cross-border market services. NextDrive founder and CEO Jeryuan Yan, NEV general partner Jeff Wen and National Chung Cheng University dean of Information Technology Pao-Ann Hsiung will explore the future of data governance sustainability, the resilience of data technologies as well as the use of energy and AI in the processing of data.

In addition to being co-organizers of the summit, Vpon and iKala will also set up joint booths (booth 329 & 331) at the Taipei Smart City Summit & Expo from March 28 to 31, where they plan to demonstrate their best application examples on helping the governments of Taiwan and Japan develop smart cities through big data and technology tools. By participating in the summit or visiting the booth, participants can gain insight into the latest technologies currently trending in the worlds of cross-border intelligence, data technology and smart cities, as well as learn about what the future portends for smart cities jointly developed by Taiwanese firms and members of the Japan-Taiwan Exchange Association as a result of advances being made in cross-border cooperation and innovation. (Registration at ACCUPASS )

SOURCE Vpon Big Data Group