Transcritical CO2 Market Trends, Drivers, Strategies, Segmentation Application with Top Key Players

 The global transcritical CO2 market is anticipated to reach USD 22.44 billion by 2026 according to a new study published by Polaris Market Research.

 

Increasing application of transcritical CO2 in food processing industry as refrigerant is the major factor driving the product demand. It is used as a substitute for environmentally harmful refrigerants including HCFCs, CFCs, and HFCs. The development of transcritical CO2 as a refrigerant has shown potential in many applications regarding system cost and efficiency both and makes it viable for several applications that is not considered feasible. Some of the mechanism where transcritical CO2 is currently used includes heat pumps water heaters for commercial, domestic and industrial applications, refrigeration systems in supermarkets, chest freezers of ice creams, beverage coolers, water chillers for moderate climates industrial and air conditioning and refrigeration in trains and busses. 

 

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The other under development and less commercialized systems that make use of the product include mobile heat pumps, transport refrigeration systems in containers and ships, reversible and space heating in residential heat pumps, vending machines for combined cold and hot beverages, residential and non-residential combined cooling and heating buildings, heat pumps for combined space, water heating and space heating. The requirements of the product in increasing number of application systems are expected to be the major factor driving its demand from several industries.

 

Some of leading and currently active industry participants include Shecco SPRL, Mayekawa MSG. Co., Ltd., Systems LMP, Inc., Henry Technologies, Inc. , Baltimore Aircoil Company, Inc. , Advansor A/S, Danfoss GmbH, Bitzer Kühlmaschinenbau GmbH , SCM Frigo SPA, Emerson Climate Technologies, Carnot Refrigeration Inc., Green & Cool World Refrigeration Ab, Carrier Commercial Refrigeration, and Hill Phoenix Inc.

 

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In comparison to the traditional refrigerants, transcritical carbon dioxide has the best remarkable property of having low critical temperature of 31.1 degree Celsius. Owing to this, it leads to three discrete features of carbon dioxide in the refrigeration systems. These include that heat is rejected at supercritical pressures, keeps the pressure level quite high and during heat rejection it causes gliding of large refrigerant temperatures. These fundamental functionality advantages on application of transcritical carbon dioxide are expected to help in higher penetration of its applications sectors. Hence, with such advantages of the product and increasing application segments, the market value of TC CO2 is expected to increase over the forecast period.

 

North America was the leading regional market for consumption of transcritical CO2 refrigeration systems. U.S. was the largest contributor to product demand in 2017. Regulations concerning the limitations of refrigerants use and leakages along with directions for using TC CO2 refrigerants in supermarkets are expected to drive further product demand. The U.S. is also a leading manufacturer and exporter of heat pumps, which is yet another potential factor driving the industry. Asia Pacific is expected to be another leading player in the global scenario. The expanding regional machinery manufacturing base and growing TC CO2 enabled cooling systems is anticipated to boost product demand.

 

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Cultured Meat Market Incredible Possibilities, Growth Analysis And Forecast To 2028

The global cultured meat market size is expected to reach USD 352.4 million by 2028 according to a new study by Polaris Market Research. The report “Cultured Meat Market Share, Size, Trends, Industry Analysis Report, By Production Technique (Scaffold-Based Technique, Self-Organizing Technique, Cell Culture Media); By Source (Seafood, Beef, Poultry, Pork); By End-Use (Sausages, Nuggets, Meatballs, Hot Dogs, Burgers); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The cultured meat market is projected to witness growth over the forecast period. Consumers are inclined towards consumption of cultured meat to focus on healthy and clean eating habits and reduce cholesterol intake. The rising shift of consumers towards vegan and vegetarian diets also increases the demand for cultured meat. Growing awareness regarding animal welfare, increasing demand for meat products, the need for enhanced food safety, and rising disposable income are some factors boosting the market growth.

 

With increasing investments in the global cultured meat market, companies, manufacturers, and private organizations are collaborating to expand and cater to wider applications. In January 2018, Tyson Foods, Inc. made an investment in MEMPHIS MEATS, which is a food tech company working towards producing cultured meat from animal cells.

 

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The investment aims at catering to the growing global demand for protein. Through this investment, the company focuses on entering the cultured meat market to address challenges regarding the environment, animal welfare, and public health.

 

The nuggets segment is expected to account for the highest share during the forecast period. The increasing demand for healthy snacks and on-the-go meals has increased the demand from this segment. Companies operating in this segment are developing healthy snacking products for specific demographics such as children and the aging population.

 

The different techniques for cultured meat production include scaffold-based technique, self-organizing technique, cell culture media, and others. The self-organizing technique is used for the production of complex structures in cultured meat products. Production of complex structures such as steak requires 3-dimensional tissue production using animal tissue explants.

 

 

The different sources of cultured meat include seafood, duck, beef, poultry, pork, and others. The poultry segment is expected to account for the highest share during the forecast period owing to its simplified cell structure and the ease of production as compared to other cultured meat.

 

There has been an increased awareness among consumers regarding health benefits, wellbeing, weight loss, and nutritional needs, which supplements the growth of this segment. Additionally, increasing disposable income coupled with busy lifestyles encourage consumers to opt for on-the-go meal replacements further augmenting the market growth.

 

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North America emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Population growth, high disposable incomes, and growing demand for fast food products drive the market growth in the region.

 

Rising urbanization, growth in environmental awareness, and technological advancements also support market growth in this region. Consumers in the region are increasingly realizing the importance of healthy eating which has increased the need for cultured meat production to provide nutritional requirements and offer enhanced food security.

 

Owing to technological advancements, and increasing investment in research and development, companies collaborating in order to retain customers and gain market share. Broadening of the product portfolio is another trend that is visible in the industry.

 

Some of the major market participants include Biofood Systems LTD., Integriculture Inc., New Age Meats, Balletic Foods, Memphis Meats, Aleph Farms Ltd., Seafuture Sustainable Biotech, Higher Steaks, Just, Inc., Mosa Meat, Avant Meats Company Limited, Appleton Meats, Cubiq Foods, Mission Barns, and Bluenalu, Inc.

Organic Personal Care Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 According to a new report published by Polaris Market Research the organic personal care market is anticipated to reach over USD 27,276.5 million by 2026. In 2017, the skin care segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant increase in disposable income, changing lifestyles, and initiatives by market players to promote natural and organic personal care products drive the growth of this market.  Other driving factors include growing inclination towards use of natural and organic products, and increasing awareness regarding use of chemical free personal care products. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

 

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There has been a shift towards e-commerce and consumers are increasingly purchasing organic personal care through online platforms. The variety of choices available coupled with ease of purchase offered by online platforms encourages consumers to buy organic personal care products online, supplementing the growth of the market. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for organic personal care market. Factors such as increase in per capita income and changes in consumer behavior are expected to accelerate the adoption of organic personal care in the coming years.

  

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing geriatric population in the region coupled with high disposable income drives the market growth. The increasing demand of organic personal care in the region is owing to high consumer awareness regarding the benefits of natural and organic personal care products and rising environmental concerns. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising awareness.

 

The different types of organic personal care products available in the market include skin care, hair care, oral care, cosmetics, and others. In 2017, the skin care segment accounted for the highest market share. Use of organic skin care products offers benefits and reduces the risk of skin irritations and allergies. Growing awareness regarding use of natural ingredients in skin care products is expected to support market growth during the forecast period.

 

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The well-known companies profiled in the report include The Body Shop International PLC, Amway Corporation, Aubrey Organics, Oriflame Cosmetics S.A., Estee Lauder Companies Inc., Arbonne International, LLC, Aveda Corporation, Aveda Corporation, Burt’s Bee, The Hain Celestial Group, Yves Rocher, Bare Escentuals, Inc., and L’Occitane en Provence among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Omega 3 Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 According To A New Report Published By Polaris Market Research The Omega 3 Market Is anticipated to reach over USD 4,262.5 million by 2026. In 2017, the functional food and supplements segment dominated the global market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.

 

A significant increase in awareness regarding a healthy diet, changing lifestyles, and health benefits offered by omega 3 drive the growth of this market.  Other driving factors include growing inclination towards use of natural and organic products, and increasing use of omega 3 in functional food and pharmaceutical. Increasing demand from developing nations is expected provide numero2us growth opportunities to the market players during the forecast period.

 

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There has been a growing awareness regarding health benefits offered by omega 3 among consumers. Omega 3 assists in body functions such as muscle activity, brain development and functioning, blood clotting, digestion, fertility, and cell division and growth, which has increased its adoption. Use of EPA also helps in controlling anxiety, depression and other related health problems.

 

Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for omega 3 market. Factors such as increase in per capita income, changes in consumer behavior, and increased awareness regarding health and nutrition are expected to accelerate the adoption of omega 3 in the coming years.

 

 

North America generated the highest revenue in the market in 2017. The increasing geriatric population in the region coupled with high disposable income drives the market growth. The increasing demand of omega 3 in the region is owing to high consumer awareness regarding the benefits of omega 3, and growing health concerns. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising demand of omega 3 for infant formula, animal feed, and pharmaceutical.

 

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The different applications of omega 3 include functional food and supplements, pharmaceutical, infant formula, animal feed, and others. In 2017, functional food and supplements segment accounted for the highest market share. Use of omega 3 in functional food and supplements provide proper nutrition and enable efficient functioning of human bodies. The increasing demand of functional food and supplements from athletes and sports sector further supports market growth.

 

The well-known companies profiled in the report include Omega Protein Corporation, Croda International PLC, Arista Industries Inc., Cargill, Inc., Royal DSM, Pharma Marine AS, GC Reiber Oils, Nordic Naturals Inc., Reckitt Benckiser Group plc, Pharma Nord B.V., Pharmavite LL, and Natrol LLC among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Facades Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 According to a new report published by Polaris Market Research the global facades market is anticipated to reach USD 376 billion by 2026. Owing to the need to bring down the cost incurred in heating and cooling down the buildings, and for achieving power efficiency, the market for facades is gaining traction. Companies these days are also using composite materials which offer strength, and flexibility and can be used to give a good appearance to the buildings. All these factors are anticipated to drive the demand for facades and the market is expected to grow with a CAGR of 7.8% during the forecast period.  

 

There has been a substantial rise in the commercial buildings development such as malls, offices, multiplexes, technology parks, hotels etc. in countries such as India, China and Brazil. These commercial buildings demand energy efficient solutions which are cost effective and can reduce the overall cost for air conditioning and heating. Construction companies are installing facades to achieve this, thus achieving large cost cutting. This has pushed the market for facades significantly.   

 

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Ventilated facades market has the largest market share owing to the factors such as heat ventilation and soundproofing. On the other hand, basic materials such as glass and aluminum are favored in the market due to availability, light weight and cost. Composite materials are also being adopted in the market and are expected to push the market during the forecast period. There has been an increasing demand in green buildings and structures and government from many countries are focusing on building these green structures. Facades are used by different construction companies to achieve these goals.

 

In the recent years, the worldwide facade market has displayed a huge development. Pushed by the rising interest for alternative energy sources through business and private infrastructure development, the market has grown at a high pace. This is attributable to the most recent technical progressions, which prompted the boost of power saving façade materials. As a result, the market is presumed to expand extensively as the infrastructure activities are seen to be developing at a vigorous pace. Asia Pacific region is anticipated to have the largest market share followed by Latin America. This is majorly due to growing economies in these regions. The market in the Middle East region is also gaining traction owing to harsh climatic conditions and large construction projects which are being carried out in this region. North America and Europe have a considerable market share owing to redevelopment projects. Implementation and adoption of smart cities and smart buildings globally has significantly pushed this market.

 

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Key Findings from the study suggest the ventilated facade market is projected to witness a huge development during the forecast period due to benefits such as energy saving and rich ambience. The commercial application segment was the dominant section in 2017, and the facade demand is expected upon to increase over the coming years. Asia Pacific is estimated to dominate the global facades market over the forecast years and North America, Europe region shows signs of growth potential. Government activities towards infrastructure advancement and the ascent in development of business properties over the globe has supplemented to the development of the façade market.

 

Eyewear Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 According to a new study published by Polaris Market Research the worldwide eyewear market is anticipated to reach over USD 235 billion by 2026. In 2017, the spectacles segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global eyewear market.

 

The increasing rate of diseases associated with vision, along with growing ageing population majorly drives the market growth. Consumers are increasingly becoming aware of eye health, which supports market growth. The growing popularity of fashion trends, and increasing disposable income encourage consumers to purchase designer and branded eyewear. Other factors driving market growth include spending longer durations in front of computers and laptops, increasing cases of myopia, hypermetropia, & astigmatism, and changing dietary habits. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for eyewear market in the coming years.

 

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The increasing need for vision correction and growing diseases related to vision in the geriatric population drives the market growth. Consumers are increasingly spending more time in front of mobile devices for work or leisure, which leads to higher cases of vision problems. Changing dietary habits and hectic lifestyles also lead to increasing vision problems. Increasing life expectancy and associated diseases with old age such as presbyopia and cataract augment market growth. There is increasing awareness among consumers regarding eye care, which encourages them to take preventive measures, thereby boosting market growth.Sale of products through online channels has gained significant popularity over the years.

  

The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

 

The growing disposable income has encouraged people to buy quality eyewear products that are in perfect amalgamation with their increasing living standards. Moreover, people are now opting for trendy and designer sunglasses according to latest trends prevailing in the market. Youth prefer to don contact lenses in an effort to accentuate their overall appearance. Thus, lofty living standards and increasing fashion consciousness, would contribute to the growth of the eyewear market, thereby positively affecting the market growth.

 

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The growing popularity of fashion trends has increased the demand for branded and luxury eyewear products. Consumers are increasingly buying spectacle frames, lenses, and sunglasses with respect to changing fashion trends. The rising standards of living, increasing disposable income, and increase in fashion conscious population drives the market for luxury eyewear products. Earlier premium eyewear products were only available at selected stores at high prices. However, with technological advancements, and mass manufacturing processes, global players are offering these products globally at affordable prices.

 

Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Increasing use of mobile devices and online shopping further augments market growth.

 

The various types of eyewear include spectacles, lenses, and sunglasses. The spectacle segment is expected to lead the market during the forecast period owing to increasing defects and diseases associated with vision. Growing geriatric population and changing lifestyles support the market growth. Spectacle frames can be made using materials such as metal, plastic, and nylon. Consumers are increasing opting for lenses for vision defects as well as for cosmetic purposes.

 

The well-known companies profiled in the report include Luxottica Group S.p.A, Bausch + Lomb Inc., Johnson & Johnson Vision Care, Prada S.p.A, Safilo Group S.p.A, Fielmann AG, Cooper Companies, Inc., Essilor International S.A., GrandVision, Carl Zeiss AG, Hoya Corporation, De Rigo SpA. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Biotechnology Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 The global biotechnology market is estimated to reach USD 727.12 billion by 2026 growing at a CAGR of 6.84% during the forecast period, according to a new study published by Polaris Market Research. 

 

Growing hepatitis B disease, increasing interest of horticultural items such as sugarcane, rice, beans, and wheat due from the increasing populations in economies such as U.S., China and India are expected to push the overall biotechnology market. The growth of this market is further propelled by elements such as deficiency of water, low yield of items, insect attacks, and constrained availability of agrarian land, which is promoting the companies to invest and conduct R&D activities at a broader scale. Another factor which is helping the market growth includes regenerative medicines. Existence of a huge section of businesses concentrating on the advancement of regenerative treatments is anticipated to push the market development through to 2026. Technological developments in the areas of artificial intelligence in this market is estimated to sustain progress with possible opportunities. The companies are engaged in using artificial intelligence in order to understand cancer cases, while working on the medical trials.

 

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Some of the major players operating in this market include Abbott Laboratories, Agilent Technologies, Amgen, BioGen Medical Instruments, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen, Thermo Fisher Scientific, Gilead, Celgene, Novo Nordisk A/S, Novartis AG, Sanofi Aventis, and Lonza.

 

Encouraging government policies associated with biological advancements is also propelling the growth in this market. Established economies such as United States and UK and growing economies such as China and India are investing in the biotechnology R&D initiatives. Governments are associating with private companies for expanding their research into this domain.

  

Owing to technological improvements and prevalent applications of biotechnology in healthcare is helping the market to gain a strong growth during the forecast period. Companies are constantly introducing brand-new biotechnological medicines and vaccines to deal with diagnosis and biopharmaceutical development within the healthcare sector, is approximated to push the market further towards its growth. Bioinformatics is anticipated to witness the fastest growth in the coming years. Developments in data combination tools through cloud computing platform facilitate analysis and assistance to process enormous next-generation sequencing information. These advancements are approximated to greatly boost adoption of bioinformatics tools in numerous life sciences applications in the near future. Application of nanotechnology-based products is anticipated to improve development in this sector. Reducing costs and increase in number of services related to biotechnology are expected to drive the market with profitable avenues.

 

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North American pharma and biotech organizations have experienced excellent success in last couple of years resulting in a larger market share. Universities and research institutes are also introducing various biotech-based programs which would help the market to gain its much-required traction. The Asia Pacific  market on the other hand is anticipated to grow at the most significant rate due to improving and growing healthcare infrastructure coupled with local companies in this region focusing on developing advanced medicines to cure chronic diseases such as cancer with the help of biotechnology. With strong government and federal assistance and recruitment of extremely trained researchers has made it possible for countries such as China and India to swiftly develop capacity for regenerative medication.

 

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Ambulatory services Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 Ambulatory Services Market [By Service Type (Primary Care Offerings, Emergency Departments, Outpatient Departments, Medical Specialty, Surgical Specialty); By Regions]: Market size & Forecast, 2020 – 2025 According to a new research published by Polaris Market Research the global ambulatory services market is anticipated to reach more than USD 3,812.7 billion by 2025.Ambulatory care denotes the medical service area provided to a patient without the need of hospitalization and other medical services. The ambulatory services include medical expert organizations, home healthcare, and medical laboratories. These service is one of the major hospital revenue provider and to the presentation of the hospital health care system. Ambulatory care provides treatment, consultation, observation, intervention, rehabilitation, and diagnosis to patient with unconventional medical treatments. In addition, telephone conferences, reintegration meetings, and emergency visits with patients is expected to appeal more patients in the direction of the ambulatory services, offering significant economic outcome.

 

Ambulatory services market growth is majorly driven by factor such as growing requirement of ambulatory surgical visits. According to the Centers for Medicare and Medicaid Services 2016, about 20 million surgical procedures and around 35 million ambulatory surgical visits were performed in hospital outpatient departments (HOPDs), with approximately 15 million surgeries performed in ambulatory surgery centers (ASCs). Moreover, cost-saving surgeries compared to the hospitals, government investment for ambulatory care facilities, and rising government funding offering team-based primary care are another major factors enhancing the global market growth.

 

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Additionally, the increasing geriatric population with rising occurrence of chronic diseases requiring medical attention, new reimbursement policies by the government offering economic advantage, and adopting advanced technology, are the factors further propelling the growth of the global market. Furthermore, the growing demand for non-invasive and minimally invasive surgeries, inexpensive surgical costs, well equipped ambulatory service centers, and faster patient recovery time is expected to drive the market during the forecast period.

 

The Ambulatory Services market is segmented by service type which include primary care offerings, emergency departments, outpatient departments, medical specialty, and surgical specialty. In 2017, the primary care offerings accounted for the majority share and dominated the market. This was followed by the surgical specialty segment which gained traction due to the technological advancements of the same-day surgeries for cataract and orthopedic issues.

 

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Organic Seed Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 According to a new study published by Polaris Market Research the global organic seed market is anticipated to reach USD 5.35 billion by 2026. Growing demand for naturally derived products is the primary reason expected to drive the organic seed industry over the next seven to eight years.

 

For any seed to be certified as organic the producer or farmer should only use formerly grown seeds except for non-originally or non-formerly farmed untreated seeds. The planting stocks can also be used for the production of an organic crop only when an equivalent organically breeded variety is not available commercially. Organic plant breeding in several industrialized nations has increasingly employing molecular techniques. Cisgenesis and transgenesis are some of the newly introduced breeding techniques that have played significant role in increasing availability of enhanced hybrid organic seeds. SoW-1 is another new genetically modified (GM) seed breed that has been an increasing trend in the industry. The product value of GM seed that have been traded increased over 25-fold in between 1996 and 2017, from USD 280 million to around USD 7 275 million. But, only in the USA, Brazil, Argentina, India, China and South Africa have been growing significant acreages of GM crops.

 

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Various initiatives have already been promoted for both informal and formal seed systems. The African Union has been fully engaged in encouraging its member countries to take higher integrated approaches to development of hybrid seed systems including private, public and farmers’ role. In many European countries, various rules for organic seed development have been designed to further instigate local production and sales of organic seed in its or else exceedingly regulated seed industry. These regulatory advancements along with technological development in seed breeding have influenced the industry and offered new opportunities for further penetration in the seed farming business.

  

Europe was the largest market in 2017 and with increasing organic farming land in the region the demand of these products is further expected to increase in the near future. Organic farming or agriculture has been a boom in the region and almost every country the market is rapidly developing. The increasing production and higher penetration of these products in Europe is due to high growth rates of Poland, Spain and the Czech Republic.

 

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Some of the leading market participants in the organic seed industry in terms of seed farming and supply include Renee’s Garden, Baker Creek Heirloom Seeds, Kusa Seed Society, Territorial Seeds Company, Arnica Kwekerij, Mass Plant, Wild Garden Seed, High Mowing Organic Seeds, Fleuren, Vitalis Organic Seeds, HILD Samen, De Bolster, Navdanya, Farm Direct Organic Seeds, Rijk Zwaan, Wild Garden Seeds, Fedco Seeds, Seed Savers Exchange, Southern Exposure Seed Exchange and Johnny’s Selected Seeds.

 

Flexible Packaging Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 The global Flexible Packaging Market is anticipated to reach $335 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the food and beverage segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Flexible Packaging market revenue in 2017.

 

The increasing disposable incomes and growing demand for fast moving consumer goods drives the growth of the flexible packaging market. Growing urbanization has resulted in urban citizens spending most of their time at work and everyday commute, which has increased the demand for convenient packaging for on-the-go consumption, thereby supporting the flexible packaging market growth. Brand owners are taking initiatives to optimize packaging operations to meet the global competition, increase productivity, enhance shelf life of products, improve overall efficiency, and create brand differentiation in the market. The demand for new and unique packaging sizes, shapes and configurations has increased from industries such as food and beverages, cosmetics, and healthcare among others. The increasing need to offer convenient packaging solutions while also addressing environmental concerns has boosted the flexible packaging market growth.

 

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Numerous key players have adopted partnership and acquisition strategies to increase their market share in the global flexible packaging market. For instance, In December 2015, Mondi Group signed an agreement for the acquisition of 95% of the outstanding share capital in KSP, Co. KSP is a flexible packaging company based in South Korea with strong focus on production of high-quality spouted and retort stand-up pouches for food, pet food and beverage industries. The acquisition of KSP compliments Mondi’s stand-up pouch operations in Korneuburg, Austria and Jackson, US while expanding its presence in U.S. and Asia. In July 2016, Mondi Group also signed an agreement to acquire Uralplastic. Uralplastic manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The acquisition of Uralplastic supports the development of Mondi’s consumer packaging business, strengthens its presence in the Russian consumer packaging market, and expands its offerings in the flexible packaging market.

 

Asia-Pacific generated the highest market share in terms of revenue in 2018 in the flexible packaging industry, and is expected to lead the global Flexible Packaging market throughout the forecast period. The growing population, rising disposable incomes, and increasing living standards support the growth of flexible packaging industry in the region. The increasing demand from the food and beverage, and retail industry is expected to generate numerous opportunities for the Flexible Packaging industry.

 

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The well-known companies profiled in the Flexible Packaging report include Amcor Limited, Mondi Group, Berry Plastics Corporation, Sonoco Products Company, American Packaging Corporation, Novolex Holding Inc., Bemis Company, Inc, Constantia Flexibles International GmbH, Ampac Holding, and Sigma Plastics Group. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Healthcare IT Market Acquire Huge Growth, Global Opportunities and Trends to 2026

 Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research. The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform. Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period. Despite of higher investment cost, healthcare IT market would notice growth in the future.

 

Healthcare information technology (HCIT) involves the designing, development, and use & maintenance of various IT systems for the healthcare industry. Todays, healthcare industry has observed a continuous shift for value-based care model. This model is majorly focused on improving quality of care with the help of patient engagement, meeting regulatory requirements, and delivering personalized customer experience. Similarly, data aggregation, risk and care management should be considered for building interoperability between the healthcare providers.

 

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Healthcare IT market by products & service is further segmented as healthcare provider solutions, healthcare payer solutions, and healthcare IT outsourcing services. Healthcare provider solutions hold the major share of the HCIT market due to rising need for managing the patient’s health data, and interconnecting healthcare providers that in turn saves the time and cost of treatment for patients.

 

North America maintained a dominating position in the global healthcare IT market in 2017, followed by Europe and Asia Pacific. North America’s healthcare IT market is primarily driven by growing adoption of HCIT solutions, and controlling healthcare cost. In addition, need for maintaining operational efficiency in the healthcare organizations, and concern for well-established healthcare IT infrastructure would drive North America’s HCIT market. Asia Pacific has a potential market in healthcare IT industry. Countries like India, and China show rapid growth which is observed due to, continuous governments efforts for improving healthcare services to provide better infrastructure for the patients.

 

The leading companies operating in this industry include Afga Gevaert Group, Novarad Corporation, GE Healthcare, Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Philips Healthcare, Cerner Corporation, Hewlett-Packward, Oracle Corporation, Optum Inc., and E-MDS Inc.

 

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Key Findings from the study suggest solutions available in the market are much more cost-effective and manufactures are continuously concentrating on the advancements that abides the governments laws for patient safety. Companies are in a stage of development of new products in order to guarantee simple implementation for healthcare providers. North America is presumed to dominate the global healthcare market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

 

US Midstream Oil & Gas Equipment Market Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2026

 The U.S. midstream oil & gas equipment market is anticipated to reach USD 983.73 billion by 2026 according to a new study published by Polaris Market Research.

 

Crude oil refinery industry in the U.S. has been gaining momentum rapidly since the low crude oil price era. By the end of 2017, the country hosted a total of 141 operating refineries with an overall crude distillation capacity of approximately 18.62 million barrels per calendar day and 19.80 million barrels per steam day. The refining capacity has increased 300,000 bpcd in 2017. Such increase in capacity and complexity in the country, demand for midstream equipments will increase significantly over the forecast period.

 

The country is one of the leading five global exporters with an average of USD 22 billion for the past four years. The increasing demand for transportation fuels along with the rising complexity for clean fuels, there are legal and regulatory constraints that have actually threatened to higher global trade in many of the U.S. strategic export is driving the U.S. midstream oil & gas equipment market. The country’s exporters have been facing requirements of local contents, trade restrictions, labor requirements and rising cost along with decreasing competitiveness of U.S. exports due to growing Chinese and some European markets.

 

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The suppliers in the country face significant competition from the Korean, German and the Chinese players. By competition, the U.S. industry participants have been particularly competitive in manufacturing of gas treating and processing equipments, compressors, automatic valves, storage tanks etc. These specific trends in manufacturing of these equipments are likely to continue with the country’s exports weighted more towards specialized high tech equipments especially relating to heavy oil processing influencing the industry growth of U.S. midstream oil & gas equipment market during the forecast period.

 

The share of U.S. made equipments and appliances sector is projected to remain competitive in over the next three to four years, the country’s share of equipments being exported to the global markets, as a part of the global midstream equipment exports to the worldwide market, has reduced moderately. This is actually owing to its increasing domestic consumption during the past three years, however it is also a sign of higher competition from foreign manufacturers, as the other nations has significantly increased its share of export to the U.S. midstream oil & gas equipment market.

 

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The Southwest was the largest regional market in 2017. Texas and Oklahoma are the major contributors to the region’s high demand. Both the states host 35 refineries with Texas accounting for 30 of them. Another two refineries are planned in Texas and are to be operational by 2019. These have been planned to process the shale fuels from the Egale Ford and Permain Basin shale reserves. Construction of these refineries has been the major factor driving demand for these equipments in the region apart from the ones used for maintenance and repair operations making southwest the largest region in the U.S. midstream oil & gas equipment market.

 

Some of the leading industry participants in the U.S. midstream oil & gas equipment market include Abbot Group, Transocean, Zenith Oilfield Technology, National Oilwell Varco Incorporated, Schlumberger, Weatherford International, Halliburton Company, ENI, Baker Hughes, Cameron International, FMC Technologies, Aker Solutions.