Molded Pulp Packaging Market With Business Strategies And Analysis To 2028

 Molded pulp packaging | 2021 Scope Of Current And Future Industry 

The global molded pulp packaging market size is expected to reach USD 5.26 billion by 2028 according to a new study by Polaris Market Research. The report “Molded Pulp Packaging Market Share, Size, Trends, Industry Analysis Report, By Source (Wood Pulp, Non-Wood Pulp); By Type (Transfer, Thick Walled, Processed, Thermoformed); By Product (Trays, Cups and Bowls, End Caps, Clamshells, Plates, Bowls); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for thermoformed molded pulp packaging is expected to increase during the forecast period owing to its compostable, recyclable, and biodegradable nature. The increasing adoption of thermoformed packaging is the result of stable raw material supply and price, global environmental issues, and modifying buying habits of consumers. Thermoformed molded paste is being used in the healthcare sector for single use packing of surgical instruments for limiting the spread of germs.

The wood market segment dominated the global market for molded packing in 2020. Growing environmental concerns and increasing initiatives to reduce manufacturing waste has increased its adoption worldwide. Wood pulp packing involves the use of low-cost raw material, formation to required shape with no assembly required, and chemical-free pulping process.

 

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The demand for clamshells is expected to increase significantly during the forecast period. The rising popularity of clamshells is attributed to their ease, convenience, strength, and flexibility. Clamshells are used to secure products from poor storage conditions and improper handling during transport. The food industry is increasingly using clamshells to protect food products against airborne contaminants and preserve their freshness. Clamshell boxes can be customized according to customer requirements to accommodate diverse products and improve brand appeal.

The market is segmented into food packing, personal care, industrial, food service, healthcare and pharmaceutical, electronics, and others based on end-user. The food packaging segment accounted for a major market share in the global molded pulp packing industry in 2020. Increasing awareness regarding the use of sustainable packaging solutions has played a large part in the food packing market.

 

Molded packaging is easily recyclable and biodegradable which results in less waste being consigned to landfills. The increase in demand for ready meals owing to its affordability, ease of preparation, and attractiveness for a single-person household would drive the growth of this segment. The emerging nations have been characterized by rising disposable incomes and a burgeoning middle class.

 

Consumers in the emerging nations have shown greater nutritional awareness and interest in wellness foods, which combined with an increased demand for sustainable packing boosts the adoption of molded pulp packing.

 

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Asia Pacific emerged as the largest market in 2020 and is expected to maintain its dominance over the forecast period. There has been an increasing demand for molded pulp packing from personal care, food service, and healthcare sectors in the region. The increasing population, growing inclination of consumers towards beauty trends, and rising demand for sustainable packaging solutions boost the market growth for molded packaging.

 

The increasing environmental concerns and compliance with government norms and regulations boost the market growth for molded packaging. Brands operating in the market are taking initiatives to offer brand differentiation and value to the consumer, while also providing necessary information about the packaged goods, and offering sustainable and eco-friendly packaging solutions.

 

Some of the major companies include Genpak LLC, UFP Technologies, Primeware- By Primelink Solutions, LLC, Fabri-Kal, Huhtamaki OYJ, EnviroPAK Corporation, Sabert Corporation, Protopak Engineering Corporation, Brødrene Hartmann A/S, Henry Molded Products, Eco-Products, Pro-Pac Packaging Limited, Cellulose De La Loire, TEQ LLC, Pacific Pulp Molding, and Thermoformed Engineered Quality LLC.

 

Viscosupplementation Market Size, Recent Advancement & Scope Top Trends

 

Viscosupplementation | 2021 Scope Of Current And Future Industry 

The global viscosupplementation market is estimated to reach USD 6.47 billion by 2028 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research. The report “Viscosupplementation Market Share, Size, Trends & Industry Analysis Report By Product (Single Injection, Three Injection, Five Injection); By Application (Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis); By Region, Segment Forecasts, 2021 – 2028” provides an extensive analysis of present market dynamics and predicted future trends.

 

Due to growing geriatric population globally and due to increasing occurrences of osteo arthritis, injuries, gingivitis, & abscess, this market is anticipated to gain traction. According to assessment done by WHO, the population of people who are of the age of 65 g and above globally would increase significantly from 7% in the year 2000 and is estimated to grow to 16% by 2050. This significant growth in the elderly population would result in the increased problems of obesity and osteo arthritis, which would indirectly help this market to gain traction during the forecast period.  Together with expanding choice for minimally intrusive surgical procedures, worldwide rise in the target populace is anticipated to substantially push the need for viscosupplements throughout the forecast duration.

 

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Geographically, North America is estimated to be the largest viscosupplementation market in 2019.  According to Centers for Condition Control as well as Avoidance (CDC) in 2015, over 30 million individuals in the United States experienced osteo arthritis and also around 10% individuals over 55 years endured knee discomfort. These growing numbers are pushing the market growth in this region. Asia Pacific on the other hand is anticipated to be the fastest growing market in 2017 and is estimated to preserve its placement throughout the projection period. This growth rate can be made up by the visibility of a considerable growing base of senior citizens, which is vulnerable to problems such as osteo arthritis as well as rheumatoid joint inflammation. Increasing demand for minimally intrusive treatments is a considerable element adding to the growth rate of Asia Pacific. The Latin American market is anticipated to expand at a rewarding pace in the coming years because of the visibility of high unmet clinical requirements, increasing disposable income and growing awareness among the patients in economies such Brazil and Mexico.

 

Among the viscosupplementation products, three injection products are estimated to be the largest segment of the viscosupplementation market. Affordability and shorter therapy duration are some the major factors which are pushing the growth of this product segment. This is closely followed by the single injection.  

 

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Major companies operating in the market are focusing on incorporating modern technologies to make innovative viscosupplements. For instance, Anika Therapeutics introduced HYAFF, which aids in production of very efficient biocompatible viscosupplements. The FDA authorized hyaluronates presently offered in the viscosupplementation market are Hyalgan (Sanofi), Euflexxa (Ferring Pharmaceuticals, Inc.), Orthovisc (Anika Rehabs), Supartz, Gel-One (Seikagaku Company), Synvisc, Synvisc One (Genzyme) and also Durolane (Q MEDICATION ABDOMINAL). Some of the major players in this market include Seikagaku Corporation, Lifecore Biomedical, LLC, Zimmer Holdings Inc, Bioventus, Ferring B.V., Sanofi, Anika Therapeutics, Inc., and LG Life Sciences Ltd.

 

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Apoptosis Assay Market Size, Strategies, Competitive & Factor Analysis 2028

 Apoptosis Assay | 2021 Scope Of Current And Future Industry 

The global apoptosis assay market size is expected to reach USD 8.20 billion by 2028 according to a new study by Polaris Market Research. The report “Apoptosis Assay Market Share, Size, Trends, Industry Analysis Report, By Product (Kits, Reagents, Instruments); By Technique (Flow Cytometry, Fluorescence Microscopy, Spectrophotometry, Others); By Assay Type; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The key factors responsible for its market growth include the research and development in apoptosis and other programmed cell death pathways, the need for developing tests for different cell lines, and the rising incidence of different types of cancers across the globe. Moreover, the growing interest of test kit manufacturers to foray into apoptosis bases kits.

 

The global apoptosis assay industry is fragmented based on product, technique, assay type, end-use, and region. In terms of product, the market is segmented into kits, reagents, and instruments. Based on the technique, the market is further bifurcated into flow cytometry, fluorescence microscopy, spectrophotometry, and other techniques.

 

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Based on the assay type, the apoptosis test market is classified as Caspase, DNA Fragmentation, Cell Permeability, and Mitochondrial. The end-use segment is further divided into pharmaceutical & biotechnology companies, hospital & diagnostic laboratories, and academic & research institutes.

 

Segment Highlights

• The apoptosis test kits segment accounted for the largest revenue share as it is consumed in every test procedure. Kits accounted for over 50% of the revenue share in 2020. However, the reagents market is expected to expand at the highest CAGR during the forecast period.
• Based on the assay type, the caspase segment is projected to constitute almost half of the market by the end of 2028. This high share is owing to the growing interest of companies in caspase-based apoptosis tests
• North America region is dominating the global revenue, holding over 45% of the market share throughout the forecast period. The presence of major players in the region, industry-academia collaboration, and intellectual capability of the U.S. are major factors responsible for the region’s growth.
• The major players operating in the apoptosis assay industry include Becton Dickinson, Thermo Fisher Scientific, Inc., and Bio-Rad Laboratories and together held a significant market share in 2020

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List of Key Players

• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories
• Bio-Techne
• Biotium
• GeneCopoeia, Inc.
• Becton, Dickinson & Company (BD)
• Promega Corporation
• Sartorius AG
• Merck KGaA
• Abcam plc.
• Takara Bio Inc.
• Others

 

Polaris Market Research has segmented the apoptosis assay market report on the basis of product, technique, assay type, end-use, and region.

 

Apoptosis Assay, Product Outlook (Revenue – USD Million, 2016 – 2028)

• Kits
• Reagents
• Instruments

Apoptosis Assay, Technique Outlook (Revenue – USD Million, 2016 – 2028)

• Flow Cytometry
• Fluorescence Microscopy
• Spectrophotometry
• Other Techniques

Apoptosis Assay, Assay Type Outlook (Revenue – USD Million, 2016 – 2028)

• Caspase Assays
• DNA Fragmentation Assays
• Cell Permeability Assays
• Mitochondrial Assays

Apoptosis Assay, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

• Pharmaceutical & Biotechnology Companies
• Hospital & Diagnostic Laboratories
• Academic & Research Institutes

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Hand Dryer Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 The global hand dryer market is anticipated to reach around $1,930 million by 2026 according to a new research published by Polaris Market Research. In 2017, the jet air hand dryer segment dominated the global market, in terms of revenue. Europe was the leading contributor to the global market revenue in 2017.

 

Growing concerns regarding environment, increasing need to reduce energy consumption, and growing need for energy efficient equipment support the growth of hand dryer market during the forecast period. There has been an increasing demand of hand dryers from hotels and restaurants, airports, shopping malls, railway stations, and commercial buildings among others has increased adoption of hand dryers in the recent past. Additionally, energy efficient buildings and need to reduce operation costs would boost growth during the forecast period. Other factors supporting market growth include growing need to reduce wastage of water and paper, increasing awareness, and technological advancements. Furthermore, increasing investments by vendors in technological advancements coupled with research and development further boost the hand dryer market growth.

 

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The demand for advanced and energy efficient hand dryers has increased over the years owing to increasing energy concerns, and environment consciousness across the globe. The increasing awareness among consumers regarding use of energy efficient and smart technology further boosts the adoption of hand dryers. The rising awareness regarding use of eco-friendly solutions, development of smart infrastructure, and increasing adoption of energy efficient buildings are factors expected to promote the hand dryer market growth during the forecast period.

  

Europe generated the highest revenue in the hand dryer market in 2017. The increasing awareness among consumers regarding use of energy efficient equipment, and growing development of energy efficient buildings drive the market growth in the region. Consumers are adopting hand dryers to increase energy efficiency, and reduce operation costs. Numerous key players have adopted partnership and expansion strategies to increase their market share in the markets of the European region.

 

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The major players in the hand dryer market includes Dyson Ltd., Mitsubishi Electric Corporation, Jaquar & Company Pvt Ltd, American Dryer, Inc., Panasonic Corporation, Excel Dryer, Inc., Bradley Corporation, Saniflow Corporation, World Dryer Corporation, and Bobrick Washroom Equipment, Inc. 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.

 

Agriculture Analytics Market Quantitative Assessment by Industry Analysis across the Value Chain

The global agriculture analytics market size is expected to reach USD 1,991.6 million by 2026 according to a new study by Polaris Market Research. gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The primary growth driver for the farm analytics sector is government projects to implement modern agricultural techniques. Increasing pressure to satisfy the increasing global demand for food in combination with the need to enhance farm productivity also contributes to the application of agricultural analytics and the growth of the agricultural analytics sector. Agricultural digitization is anticipated to assist feed the increasing population. It is anticipated that the global population will rise by about 40% and reach 9.6 million by 2050. Therefore, to satisfy the increasing demand for food, the general food production requires to double. The present production rate, process, and distribution technique would not be adequate to feed the increasing population; therefore, it is anticipated that the implementation of fresh and advanced technology at different stages of farming will become essential to satisfy the increasing demand.

 

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Top Companies Player : 

 

Accenture, Agribotix, Agrivi, Agvue Technologies, Awhere, Conservis Corporation, Deere & Company, Delaval, DTN, Farmers Business Network, Farmers Edge, Geosys, Granular, Gro Intelligence, IBM, Iteris, Monsanto Company, Oracle, Precisionhawk, Proagrica, Resson, SAP, Stesalit, Taranis, and Trimble are some of the players operating in the global market. These businesses are also attempting to enter into strategic alliances, company expansions, mergers and acquisitions, and advances in product / service.

 

Implementing analytics in farming and agricultural operations helps farmers evaluate all real-time information such as moisture, soil, crop, weather, and more. It also allows for an organized plan for the post-harvest operations of farm manufacturing. Accentuating government and regulatory bodies for the implementation of contemporary techniques in agriculture and agriculture such as the use of analytics, artificial intelligence among farmers has led in a favorable development of the market in agricultural analytics. Because of the enormous capital needed to implement sophisticated agricultural technology, the development of the agricultural analytics industry could be hampered. Nevertheless, technological improvements, sophisticated infrastructure and the use of high-end farm equipment enable farm investors to take measures towards the farming sector, which is expected to increase the development of the market for agricultural analytics in the foreseeable years.

 

Large farms held the largest market share in the global market in 2019. Because of the affordability and high economies of scale, the implementation of agricultural analytics solution in big farms is greater than that of small and medium-sized farms.

 

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The increasingly competitive landscape and the need to satisfy worldwide food demands inspire them to turn to the solution and services of agricultural analytics to improve the use of resources for better manufacturing. Large farm size carries out high-level company activities that produce big amounts of data. Providers of agricultural analytics services assist big farms manage and use the information efficiently for maximum production.

 

Over the forecast period, North America is anticipated to dominate the global market for agricultural. This development is due to the increasing implementation of sophisticated farming machinery and is probable to stimulate the development of the worldwide agricultural analytics industry. However, Asia Pacific is anticipated to give the agricultural analytics market numerous favorable avenues for development.

 

 

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Circulating Tumor Cells Market Business Developments, Segmentation and Technologies 2021-2028

 The global circulating tumor cells market size is expected to reach USD 26.45 Billion by 2028 according to a new study by Polaris Market Research. The report “Circulating Tumor Cells Market Share, Size, Trends, Industry Analysis Report, By Technology (CTC Detection & Enrichment Methods, CTC Direct Detection Methods, CTC Analysis); By Application (Clinical/Liquid Biopsy, Research); By Product; By Specimen; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Circulating tumor cells obtained via liquid biopsies are safer, cheaper, and less invasive than other surgical biopsies as liquid biopsies are considered a valuable tool in cancer diagnosis, before and after the onset of disease. Though circulating tumor cells technology is still under research phase but used for the prognosis of several cancer forms including, breast, melanoma, lung, colon, pancreas, and glioblastoma.

 

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In the future, doctors would have a better chance of fighting cancer via liquid biopsies, and researchers would detect circulating tumor cells before any metastatic growth happens. Currently, circulating tumor cell-based screening and analysis are at a nascent market stage. The market dominance of cell-free DNA units over circulating tumor cells in cancer diagnosis has led to less share in clinical applications. The presence of circulating tumor cells in the bloodstream indicates a risk of metastasis and emergence of tumors.

 

Owing to the advantages and non-invasiveness of CTCs, the market companies and concerned academic institutions are undertaking several strategic initiatives to expand of CTCs in clinical facilities. In this direction, in October 2019, Bioloidics collaborated with Genome Institute of Singapore to develop a circulating tumor assay using the company’s in-proprietary ClearCell FX1 technology.

 

The research market segment is projected to witness a lucrative growth rate over the assessment period. This high market growth is due to the fact that most of the products currently being on the market are primarily designed for research settings. Some of the key products currently in the market include Target Selector Platform, Celsee PREP 400, Parsortix Technology, VTX-1, and IsoFlux CTC system.

 

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Companies operating in the market of circulating tumor cells such as Greiner Bio-One; BioFluidica, QIAGEN; Bio-Techne Corporation; Rarecells Diagnostics, ScreenCell, Menarini Silicon Biosystems; Fluxion Biosciences, Sysmex Corporation; Miltenyi Biotec, and Biocept, Inc.

 

Polaris Market Research has segmented the circulating tumor cells market report on the basis of technology, application, product, specimen, and region:

 

Circulating Tumor Cells, Technology Outlook (Revenue – USD Million, 2016 – 2028)

• CTC Detection & Enrichment Methods
  • Immunocapture (Label-based)
  • Size-based Separation (Label-free)
  • Density-based Separation (Label-free)
  • Combined Methods (Label-free)
• CTC Direct Detection Methods
  • SERS
  • Microscopy
  • Others
• CTC Analysis

Circulating Tumor Cells, Application Outlook (Revenue – USD Million, 2016 – 2028)

• Clinical/Liquid Biopsy
• Research

Circulating Tumor Cells, Product Outlook (Revenue – USD Million, 2016 – 2028)

• Kits & Reagents
• Blood Collection Tubes
• Devices or Systems

Circulating Tumor Cells, Specimen Outlook (Revenue – USD Million, 2016 – 2028)

• Blood
• Bone Marrow
• Other Body Fluids

 

Colorants Market Size, Recent Advancement & Scope Top Trends

 The global colorants market size estimated to be worth of USD 52.74 billion by 2026 and is projected to grow at a CAGR of 5.3% over the forecast period.

 

Colorants are products that have the ability of value addition and are used in various applications such as paper, food & beverages, textiles, plastics, paints, cosmetics, leather, inks, photos, and medical applications among others. They are used to transform products into aesthetically superior ones, thus benefitting the product’s demand. The global growth in key end use industries such as textiles and plastics among others, is expected to benefit the global colorants market over the forecast period.

 

Colorants can be classified into two broad types, these include dyes and pigments. Pigments can be defined as powdered or granular substances that are insoluble and impart color by reflecting certain rays of light. Industries such as ink, paints are the major end uses of pigment paints.

 

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Dyes are soluble substances that are employed to pass color to the substrates. Mainly, the major end – users of dyes include leather and the textile industries. Due to rising population and increasing disposable income, the textile industry has witnessed a rapid growth in the past few years. This has benefitted the dyes demand in the recent past.

 

The market is characterized by a shifting interest towards naturally derived colorants. There is uncertainty prevalent in the consumers regarding the safety of synthetic colors. The image of natural colorants that is perceived by consumers is good and healthy.

  

Synthetic colors are being perceived as those responsible for allergenic reactions and other disorders. This has paved way for opening up of new avenues and market opportunities for natural food color manufacturers. Such trends are expected to benefit the colorants market demand over the forecast period.

 

Therefore, due to rising demand for natural food colors across the globe, manufacturers are evaluating novel routes to produce these colors. Biotechnological processes such as fermentation, algae cultures as well as plant cell routes are being evaluated.

 

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The compulsory tests that have to be carried out, prior commercialization of the product, is expected to hinder market growth. Toxicology test is one of such tests. The huge investment required for Research and Development as well as for testing of the product is a huge impediment for market participants. In addition, the dislike of customers for novel products is also expected to restrain market growth. One of the other factors restraining market growth is the prevalence of stringent regulations governing the launch of new products.

 

The main focus of these manufacturers is to develop a biotechnological route that can produce colors ranging from yellow to blue among others. To achieve this, researchers are focusing on the development of organisms that can produce phycobiliproteins, carotenoids and other types that possess the aforementioned colors.

 

Major industry participants include BASF SE, Clariant, E. I. Du Pont De Nemours and Company, Huntsman Corporation, DIC Corporation, Cabot Corporation, Dystar, Lanxess, Polyone Corporation, Sun Chemical Corporation, Ampacet Corporation, Chromatech Incorporated, Sudarshan Chemical Industries Limited, Chromatech Incorporated, Heubach Color, Holland Colours, Greenville Colorants, LLC, Solvay among others.

 

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Electric scooter Market Share Emerging Trends, Company Risk, And Key Executives

 Electric scooter | 2021 Scope of Current and Future Industry 

According to a new research published by Polaris Market Research the electric scooter market is anticipated to reach over USD 51,324 million by 2026. In 2017, the retro product segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Several stringent vehicular emission norms passed by governments worldwide have boosted the adoption of electric scooters. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce fuel consumption further support the growth of this market. Additionally, the increasing acceptance and high success rates of electric cars have encouraged market players to apply similar technologies in the two wheeler segment and optimize performance. Increasing investments by vendors in technological advancements coupled with decreasing prices of Li-ion batteries and powertrain components would reduce the overall cost of these vehicles in the coming years, further boosting the market growth.

 

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The demand for electric scooters has increased significantly over the years owing to increasing prices of gasoline across the globe. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to electric scooters. Limited availability of public charging infrastructure for electric vehicles has limited the adoption of these vehicles in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly.

 

Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles. In 2016, Canada invested $62.5 million to support electric vehicle (EV) and alternative fuel infrastructure. It also aims to invest $16.4 million for development of more than 80 new charging units for electric vehicles, along with development of natural gas and hydrogen refueling stations along key transportation corridors. In August 2012, the Government of India approved an investment of 230 billion rupees in the development of electric and hybrid vehicle production and aims a target of 6 million vehicles by 2020. These initiatives by the government are expected to accelerate the adoption of electric vehicles in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing disposable incomes in developing countries of this region, and rising environmental concerns drive the market growth in the region. The increasing population of vehicles and adoption of vehicular emission standards of the U.S. and European Union by Asia-Pacific countries further promotes the adoption of electric scooters. Development of public charging infrastructure further supplements growth in the region. Local players are introducing low cost electric scooters with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in electric scooter markets of the Asia-Pacific region.

 

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The different battery types used in electric scooters include lead-acid, li-ion, NiMH, and others. In 2017, the lead-acid segment accounted for the highest market share. Lead-acid batteries are commonly used as a source of battery in electric scooters. They are comparatively cheaper than other batteries but offer low kilowatt-hours of energy storage per kilogram of weight. These batteries are inexpensive, reliable, and safe. However, these batteries offer low specific energy, short life cycle, and poor cold-temperature performance, which restrict its use in major applications. These batteries could be easily replaced by lithium-ion batteries in the coming years, however, automakers use it in vehicles owing to its low cost.

 

The well-known companies profiled in the report include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, Jiangsu Xinri E-Vehicle Co. Ltd., Green Energy Motors Corp., and BMW Motorrad International 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.

Precision Farming Market SWOT Analysis, Business Growth Opportunities By 2028

 Precision Farming | 2021 Scope of Current and Future Industry 

The global precision agriculture market is anticipated to reach over USD 13,016 million by 2026, According to a new study published by Polaris Market Research. In 2017, the yield monitoring application 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.

 

There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.

 

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North America generated the highest revenue in the precision agriculture market in 2017, and is expected to lead the global market throughout the forecast period. This is due to high cost of labor, and presence of large farmlands in the North American region. Increasing investments and subsidies in the agriculture sector by governments boost the precision farming market growth during the forecast period in the region. Increasing need to improve food quality and productivity along with increased industrialization of farming equipment further supplements market growth.

  

Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring.

 

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The well-known companies profiled in the report include Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, Inc. 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.