Issue link: https://www.e-digitaleditions.com/i/1366075
14 / May 2021 powderbulk.com The report expects that declin- ing sales will be mitigated by the increasing COVID-19 immuniza- tion rates and consumer behavior returning toward previous trends. The report states that the ubiq- uity of bread and the perception of cakes and pastries as comfort foods are expected to increase demand at retailers such as bak- eries and grocery stores. For more info and to purchase a copy of the report for $750, visit www.freed oniagroup.com. Pharmaceutical industry expected to spend $4.5 billion on digitization by 2030 The pharmaceutical industry is digitizing manufacturing using Pharma 4.0 manufacturing concepts according to the report Industry 4.0 in the Pharmaceutical Industry by Allied Business Intelligence Inc., a research company. [Editor's note: The Pharma 4.0 concept was started in 2017 by the International Society for Pharmaceutical Engineering (ISPE) and its members. Pharma 4.0 is also called the "Smart Factory" and has an objective of enabling organizations involved in the prod- uct life cycle to leverage the full potential of digitization to provide faster innovations for the benefit of patients.] The report forecasts that overall digital factory revenue in the pharmaceutical industry will top $4.5 billion in 2030. Within the industry, spending on data ana- lytics is expected to grow at a 27 percent compound annual growth rate (CAGR) and be valued at $1.2 billion in 2030 as manufacturers seek to track and optimize their operations and boost productivity. The research company has cre- ated a five-stage digital maturity model that outlines the progress made by pharmaceutical manu- environmental impacts of coal, which causes coal end users to shift to alternative sources of energy. For example, coal-fired power plants are the largest individual sources of climate pollution. The burning of coal also contributes to the deaths of about 3.5 million people annu- ally. For more info and to purchase a copy of the report for $5,000, visit www.researchandmarkets.com. Bread and bakery products market forecast to expand as COVID-19 vaccinations increase The US bread and bakery products market was examined in the report Bread & Bakery Products: United States by Freedonia Group, a mar- ket research company. The report forecasts that US demand for bread and bakery products will increase nearly 1 percent yearly in nominal terms through 2025. Market driv- ers are expected to be population growth, rising disposable income levels, and increasing product offer- ings that have healthier profiles or novelty. The food service segment is expected to recover once COVID- 19 vaccinations increase through 2021, contributing to increased sales to 2025. The report notes that factors including market maturity and ongoing concern over the nutri- tional content of traditional bread and bakery products will curb faster growth. Competition from home- made bread and baked goods will continue to strain demand, as will purchases from establishments that engage in retail baking for immedi- ate consumption, which is excluded from the scope of this report. Bread and bakery product sales in the restaurant and food service industry are expected to decrease by 1.2 percent in 2021 and poten- tially into 2022 due to the impact COVID-19 has had in this industry. to the companies rearranging their operations and recovering from the COVID-19 impact. The pandemic response included restrictive con- tainment measures, including social distancing, remote working, and the closure of commercial activities that caused operational challenges for major coal companies. Longer term, the coal, lignite, and anthracite market is expected to reach $1,438.49 billion in 2025 at a 6 percent CAGR. Market partic- ipants include organizations, sole traders, and partnerships that mine bituminous, anthracite, and lignite coal via underground mining, strip mining, culm bank mining, and other surface mining techniques. Other players include companies involved with coal mine site devel- opment and coal improvement in the form of cleaning, washing, screening, and sizing. In terms of size, the Asia- Pacific region was the largest region in the coal, lignite, and anthracite market at 80 percent, followed by North America with about 7 percent. Coal mining companies are now able to use 3D mine visualizers to create real-time digital models of mines, allowing them to review and analyze data to improve productivity and identify best practices. A few major mining equipment suppliers offer this service to mining companies. The global coal market growth will be restrained by the negative