Breathalyzer Market Size, Recent Advancement & Scope Top Trends

 The global breathalyzer market size is expected to reach USD 1.10 billion by 2027 according to a new study by Polaris Market Research. The report “Breathalyzer Market Share, Size, Trends, Industry Analysis Report, By Product Type (Active, Passive); By Technology (Fuel Cell, Semiconductor Oxide Sensor, Others); By Application (Alcohol Detection, Drug Abuse Detection, Disease Detection, Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Breathalyzer refers to the device used to estimate alcohol content in the blood from the breath sample. Apart from detecting alcohol content in the blood, breathalyzer is also used to detect diseases and ensure wellness. For instance, breathalyzer can be used to detect how the diseases may alter the metabolomics of the body.

 

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As breathalyzers can analyze the metabolic changes in the body, they can also detect weight gain or loss and nicotine level in one’s body. As a result, breathalyzer is expected to be an effective technique for physical wellness and prevention of diseases. This is likely to complement the demand for the product over the forecast period.

 

The prominent factors favoring the market growth include substantial funding raised by the companies to boost manufacturing of the product owing to the recent technological advancements. Furthermore, increasing adoption of breath analyzers across various applications such as alcohol level testing, detection of weight gain, and intoxication level due to cannabis consumption is anticipated to contribute to market growth.

 

In August 2019, Hound Labs Inc. raised approximately USD 30 million for boosting the manufacturing and commercialization of the dual alcohol and marijuana breathalyzer. Additionally, in June 2018, Owlstone Inc. developed ReCIVA breath sampler or breath analyzer to analyze the content of Volatile Organic Compounds (VOCs) for detection of lung cancer.

 

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Furthermore, funding raised by the governments across the countries for development and deployment of advanced breath analyzers is likely to complement market growth. In June 2018, the government of United Kingdom (UK) raised a funding of about USD 453,740 (£350,000) to boost competition among the companies in the country to develop a novel mobile breathalyzer. Such key initiatives are likely to drive demand over the coming years.

 

 

Companies such as BACtrack Breathalyzers (KHN Solutions LLC), Dragerwerk AG, Quest Diagnostics, Intoximeters, Alcolizer, Lifeloc Technologies, Thermo Fisher Scientific, TruTouch, uVera Diagnostics, Alere Inc.. are some of the key players operating in the global market.

 

Players in the market are focusing on product development and innovation along with strategic collaborations to boost their product portfolio while also strengthening their position in the market through geographical expansion. Furthermore, in December 2019, Digital Ally Inc. collaborated with Lenexa to boost the manufacturing of a novel breathalyzer.

 

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Aluminum Foil Packaging Market Size, Recent Advancement & Scope Top Trends

 The global aluminum foil packaging market size is expected to reach USD 50.94 billion by 2028 according to a new study by Polaris Market Research. The report “Aluminum Foil Packaging Market Share, Size, Trends, Industry Analysis Report, By Type (Flexible, Rigid); By Printing Type (Printed, Unprinted); By Product (Wraps & Rolls, Containers, Bags & Pouches, Blister Packs); By End-Use (Food & Beverage, Personal Care & Cosmetics, Pharmaceutical); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Consumers are increasingly demanding easy and hassle-free packaging for products. Market players are introducing aluminum foil packaging designs that are effortless, hassle-free to open as well as reseal for convenient returns. The increase in online retail and growing demand for convenience food and ready-to-eat meals is expected to accelerate market growth during the forecast period.

 

 

Foil packaging assists in enhancing brand power for global brands and offers an effective method to compete with private labels and emerging local players. Growth in digitalization offers consumers access to vast and detailed information. Communicating brand values effectively and enabling product differentiation is a major factor driving the growth of the concerned foil packaging market.

 

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The different printing types used in the global market include printed aluminum foil and unprinted aluminum foil. There has been an increasing demand for printed aluminum foil packaging in recent years. Large brands are focusing on personalized and customized aluminum foil to create an impact and consumers and enhance brand awareness. Packaging can provide links to information about the product, both enhancing the product and providing details about its provenance.

 

The demand for flexible foil packaging is expected to increase during the forecast period owing to their relatively low cost, stiffness, and hygiene. Flexible foil is majorly used for the wrapping of food products such as dried food, prepared meals, and savory snacks. Flexible wraps and pouches are widely used in fast-food restaurants and coffee shops for savory snacks and baked products.

 

n the basis of product, the market is segmented into wraps and rolls, containers, bags and pouches, blister packs, and others. In February 2019, i2r Packaging Solutions introduced an aluminum smooth wall tray to be used by the food packaging industry. The product is called ‘i2r Ultra’, which is an embossed aluminum tray designed to increase stress resistance, decrease environmental impact, and reduce costs. The tray is developed with specialist rib and base configuration to offer improved structural strength and reduced weight.

 

 

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The market is segmented into food and beverage, personal care & cosmetics, pharmaceutical, and others based on end-user. The food and beverage segment accounted for a major share in the global aluminum foil packaging industry in 2020. The increasing need to protect packaged goods and public health while handling food & beverages has increased the demand for aluminum foil across the globe. Brands operating in the industry are taking initiatives to offer brand differentiation and value to the consumer, while also providing necessary information about the packaged goods.

Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. There has been an increasing demand for aluminum packaging for packaged food and beverages, cosmetics, toiletries, and electronics in the region. The increasing population, growing inclination of consumers towards beauty trends and concerns, and introduction of innovative personal care products in the market at competitive prices by players further augment the demand.

 

Other factors driving the market include improving lifestyles and increasing disposable income, especially in countries such as China and India. Growing demand from the pharmaceutical industry and the growth of e-commerce platforms are factors expected to provide numerous growth opportunities in the coming years.

Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market.

 

Some of the major market participants include Aleris Corporation, Carcano Antonio S.p.A., Constantia Flexibles, Amcor Limited, Hulamin Limited, Plus Pack SAS, Nicholl Food Packaging Ltd, China Hongqiao Group Limited, Eurofoil Luxembourg S.A., Zenith Alluminio Srl, Hindalco Industries Limited, United Company RUSAL PLC, Novelis Aluminum, Coppice Alupack Ltd., Reynolds Group Holdings Limited, JW Aluminum, and Aliberico S.L.U.

 

Butane Market Size, Recent Advancement & Scope Top Trends

  The global burn care centers market size is expected to reach USD 33.03 billion by 2028 according to a new study by Polaris Market Research. The report “Burn Care Centers Market Share, Size, Trends, Industry Analysis Report, By Facility Type (In-house, Standalone), By Treatment Type; By Severity (Minor Burns, Partial Thickness Burns, Full Thickness Burns); By Service Type (Inpatient, Outpatient, Rehabilitation); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

In 2020, the in-patient type market segment accounted for the largest share of the burn care center industry and is expected to witness the fastest market growth rate over the forecast period, owing to the rise in mass casualties in fire and the continuously rising mortality rate across the globe. Though in-patient stay is not rising at a significant pace in a few of the countries, its high cost of treatment has largely contributed to its high market revenue share in the burn care centers industry. As per the study done by the World Health Organization, in 2018, countries such as China, UK, Bulgaria, Canada, South Korea, U.S., Sweden, Singapore, Hong Kong, and Mexico have witnessed the rise in the incidence of fire-related events.

 

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Market participants such as The MetroHealth System, Chelsea & Westminster Hospital, Pediatric Burn Care Center, University of Rochester Medical Center, Burn and Reconstructive Centers of America, National Burn Center (India), North Bristol NHS Trust, and University of Washington Regional Burn Center are some of the key players operating in the market for burn care centers.

 

Companies in the marketplace are launching innovative therapies to address unmet medical needs in severe burn care management. For instance, in May 2019, Israel-based MediWound Ltd signed an exclusive supply agreement with Vericel Corporation to commercialize its product NexoBrid in the U.S.

 

Product is topically administered biologic to remove scars in people with deep and thick injuries. The product was already approved in the EU and other markets. According to the company’s claims, NexoBrid is considered an excellent strategic fit to capture a larger share in the U.S market for burn care centers.

 

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Polaris Market research has segmented the burn care centers market report on the basis of facility type, treatment type, severity, service type, and region:

 

Burn Care Centers, Facility Type Outlook (Revenue – USD Million, 2016 – 2028)

• In-house
• Standalone

Burn Care Centers, Treatment Type Outlook (Revenue – USD Million, 2016 – 2028)

• Wound Debridement
• Skin Graft
• Traction, Splints, Wound Care
• Respiratory Intubation and Ventilation
• OTC Pain Medications and Bandages
• Blood Transfusion
• Prophylactic Vaccinations and Inoculations
• Rehabilitation

Burn Care Centers, Severity Outlook (Revenue – USD Million, 2016 – 2028)

• Minor Burns
• Partial Thickness Burns
• Full Thickness Burns

Burn Care Centers, Service Type Outlook (Revenue – USD Million, 2016 – 2028)

• Inpatient
• Outpatient
• Rehabilitation

Burn Care Centers, Regional Outlook (Revenue – USD Million, 2016 – 2028)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Butane Market Size, Outlook, Key Prospects And Future Growth

 The global butane market is estimated to reach USD 125.7 billion by 2026 growing at a CAGR of 7.3% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Butane Market Share, Size, Trends, & Industry Analysis Report, [By Application (LPG {Residential/Commercial, Chemical/Petrochemicals, Industrial, Autofuels, Refinery, Others}, Petrochemicals, Refinery, and Others), By Regions: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

 

Butane is a natural gas liquid is a refinery product with feedstock such as naphtha and coal. The global butane market is primarily driven by increased utilization of liquefied petroleum gas (LPG). Butane showcases properties such as easy liquefiable and high flammability and is thus increasing used in fuel manufacturing and blending. It is also used widely is in the production of petrochemical manufacturing.

 

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Rising demand for economical fuel among consumers, especially in the developing nations has led to increased demand of butane. Increasing consumer income and rural development in several nations have resulted into awareness and shift in consumer preference towards use of LPG cylinders in residential applications. Moreover, use of LPG has also reduced dependency on the forest products for combustion purposes. LPG is also used widely in many developed countries for fuel and residential applications.

 

In addition to the above, favorable regulatory policies and government subsidies have also significantly contributed to the growth of LPG consumption and thus directly impacting the butane market positively. In countries such as India, the government subsidizes LPG cylinders as per the number of cylinders per household. Moreover, there a number of schemes introduced for providing LPG accessibility to the rural consumers. All these parameters have collectively contributed to the increased consumption of butane.

 

Butane is also extensively used in refinery applications and chemical production. Some other butane applications with minor market shares include industrial drying/heating applications and engine fuel. In the U.S. tight oil and shale gas extraction have competitive edge over butane production in comparison to the rest of the world. This is due to the geographical feature and more developed pipeline infrastructure for butane transportation.

 

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The butane price witness price volatility as it is a refinery product and its pricing depend on the crude oil prices. Leading producing regions for butane include U.S. and the Middle East. Northeast Asia and China also are significant consumers and producers of natural gas liquids including both butane and propane. Economic development of the developing Asian countries has led to significant consumption of butane in end-use sectors such as automobile and petrochemical.

 

The global butane market constitutes international and national market players which are majorly governing the oil & gas sector. It comprises of both public and private players globally. Some of the significant market players in the butane industry include Exxon Mobil Corporation, British Petroleum, Royal Dutch Shell, Total S.A., China National Petroleum Corporation (CNPC), and China Petroleum and Chemical Corporation (SINOPEC).

 

Oilfield Chemicals Market With Business Strategies And Analysis To 2028

 The Global Oilfield Chemicals Market Is Anticipated To Reach USD 35.08 Billion By 2026 According To A new study published by Polaris Market Research.

 

The moderate increase currently and expected boom in the near future of crude oil prices are expected to bring about increases in demand for oilfield chemicals that are used in well drilling & completion, hydraulic fracturing and EOR operations. The revival of drilling operations in the existing wells owing to increase in crude prices to a feasible level and the rise in drilling of unconventional wells for pilot project and also for production especially in the North American and North Sea regions will add to demand for these products. The enhanced technologies currently utilized for developing shale gas and tight oil resources have evolved as major trend over the past years. This will include the ongoing trend towards fracturing fluids for slick water and also high-performance drilling mud chemicals.

 

 

Some of the leading industry participants currently operating in the industry include Clariant, Solvay, NALCO, Croda International Plc, Baker Hughes, Kemira, Halliburton, Schlumberger Limited, Stepan Company, Akzo Nobel N.V., The Lubrizol Corporation, BASF SE and Dow Chemical Company

 

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Development of several chemical formulations that can address environmental concerns will have an important impact on its market, promoting to added demand for high quality environmentally friendly chemicals, including less toxic biocides and biodegradable shale inhibitors. Offshore operations are anticipated to stay vital contributor for the market globally and the necessity for environmentally compatible chemicals and fluids will be leading in the offshore environments.

 

Projections for raw materials used for the development of oilfield chemicals are entrenched in the finished products outlook in which these are used. Polymers and acids used in such stimulation chemicals are expected to register higher growth, driven by constant expansion of the well stimulation technologies. However, clays along with other commodities used in the drilling fluids are anticipated to decline moderately early over the forecast period.

 

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Increasing concerns for pollution of groundwater and the environment are some of the major concerns for the industry participants. Companies have been investing significantly in R&D operations to constantly upgrade their products and offer novel chemicals to the upstream sector that satisfy every aspect of environmental regulations thus enhancing the required parameters of operations.

 

 North America is expected to be the largest market by the end of the forecast period. The U.S. market is anticipated to grow at a CAGR of around 4% from 2018 to 2026. After a short term decline in demand for these products in the country, the growing exploration and production from unconventional wells have played a major role boosting its demand again.Hydraulic fracturing is anticipated to be one of the major application segments globally. Despite the low crude prices, increase in average volume of chemicals used per well during 2017 was a primary factor driving the market.

 

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Thermochromic Materials Market Size, Recent Advancement & Scope Top Trends

 The global thermochromic materials market size is anticipated to reach USD 8.29 billion by 2026 according to a new report published by Polaris Market Research. The report “Thermochromic Materials Market Share, Size, Trends, Industry Analysis Report By Type (Liquid Crystals, Leuco Dyes); By Product (Reversible Thermochromic Materials, Irreversible Thermochromic Materials); By Application (Paints and Pigments, Medical Devices, Food Quality Indicators); By Regions: Segment Forecast, 2019 – 2026” provides detailed insight into current growth indices and taps future market trends.

 

 In 2018, paints and pigments segment dominated the global market in revenue terms. 2018 also saw Europe coming good with majority share in global thermochromic materials market. A growing demand for reversible thermochromic materials in application industries is expected to drive market growth over forecast period.   

               

The textile industry drives growth due to nurturing of smart textiles. The use of product in paints, inks and pigments bolsters growth. A growing trend towards smart and intelligent packaging has shot the demand for product in food quality indicators and labeling ahead. There has been diligent use of product in applications such as toys, baby diapers and battery gauges which are on an increasing drive worldwide. A growing demand from developing economies, striving applications and technological advancements are factors expected to boost the industry growth during forecast period.

 

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The growing use of product in food quality indicators to ascertain the quality of frozen meat and dairy products in double with use of thermochromic materials in inks, paints and coatings is forecasted to drive growth.

 

Restraints exist with difficult to encrypt chemical formulations and in keeping formulation stable over the entire process of reversible thermochromic materials which are expected to hamper market growth. However constant R&D will ease the instability issues with reversible materials and will in turn attract market growth.

 

Europe dominated the global industry for thermochromic materials during forecast period. A significant rise in determining quality of packaging in frozen food and meat supports the growth in the region. An increasing trend overseen is employing smart and intelligent packaging which has resulted in high product demand in the region.

 

Asia pacific has grown at a fast rate during forecast period. Increasing demand from textile and automotive industries is the reason for high growth of thermochromic materials in the region. Leading global players are eyeing nations of China, Japan and India to strongly foster growth opportunities on offer by these countries.

 

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The players functionally merge with other players to come up with new product launches in order to meet consumer expectations. The key industry players in thermochromic materials market include Shanghai Caison Color Material Chem.Co. Ltd., QCR Solutions, Indestructible Paints Limited, New Color Chemical Co, Hali Industrial Co Ltd., Fraunhofer IAPP, Kolortek  CO. Ltd., LCR Hallcrest LLC, and New Prismatic Enterprises Co. LTD.

 

5G Smartphone Market Size, Outlook, Key Prospects And Future Growth

 The global 5G Smartphone Market size is expected to grow at a CAGR of 122.7% from 2020 to 2027 according to a new study by Polaris Market Research. The report “5G Smartphone Market Share, Size, Trends, Industry Analysis Report, By Operating System (iOS, Android, Windows, Others); By Sales Channel (Online, Offline); By SIM Type (Single SIM, Multi SIM); By End User (B2B, B2C); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for 5G smartphones in 2019 was 12.42 million units, however the market saw a precipitous decline in the average  selling price during Q1 of 2020 due to the COVID-19 pandemic as one of the major reasons and the price fall continued during Q2-2020. Another major reason of the decline was the low-priced Chinese 5G devices. However, the overall market is expected to bounce back during Q3 and Q4 of 2020 and is estimated to accelerate and grow during the forecast period. This also affected the average selling price of the 5G devices.

 

5G Smartphone are devices that support the fifth generation of mobile networking. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Theoretically, 5G is said to be 100 times faster than its predecessor, with estimated speeds up to 10 Gbps. Smartphones require 5G compatible sensors and receivers to support the additional speeds.

 

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The increasing demand for high speed internet for both small and large sized businesses and individuals for buffer-free streaming and the prominence of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, Disney+, etc. are the prominent factors responsible for this prolific growth.

 

On-demand content is being increasingly preferred by the younger generation, and the advent of 5G Smartphone will provide them with a tool for viewing high quality content on the go. High speed internet is required for providing a hassle-free streaming experience. Furthermore, with the growth of both residential and industrial IoT, smartphones will play the role of a personalized authentication device for enhanced security purposes.

 

Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Furthermore, government bodies around the globe are mulling over regulations pertaining to the user of 5G spectrum to speed up the adoption of 5G.

 

 

In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. The U.S. Federal Communications Commission (FCC), on the other hand, has amended the rules that govern equipment modification. New hardware can be installed on the existing poles to bring down the capital costs and speedup the deployment of 5G. Since 5G will be build mainly on the existing 4G infrastructure, the stakeholders will need to provide fool-proof strategies to ensure that the networks are capable of handling the additional data speed and connected devices.

 

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Apple Inc., Ericsson, China Mobile, Huawei Technologies Co. Ltd., Motorola, Inc., Lenovo Group Limited, BBK Electronics Corporation, Nokia, LG Electronics Inc., TCL Communication Limited, Xiaomi Corporation, Samsung Electronics Co., Ltd and Vivo Mobile Communication Co., Ltd. some of the key players operating in the market.

 

The 5G smartphone manufacturers are focusing on indirect sales channels to increase their unit sales. Xiomi, for instance, is bringing down its operational expenses by partnering with platforms such as Walmart and Amazon for 5G smartphone sales. Also, prominent players such as Samsung and BBK electronics are aggressively pursuing the mid-range smartphone segment to target the middle and upper echelons of the society.

 

Furthermore, the number of multi-SIM smartphone models are expected to increase in the coming years, as the manufacturers are promoting dual-network capability in smartphones. Samsung, for instance, supports dual-SIM technology in A51 5G smartphone, which was launched in April, 2020. These allow the consumers to use a local and a roaming SIM in the same device during international travel.

 

Polaris Market research has segmented the 5G Smartphone market report on the basis of operating system, sales channel, sim type, end user and region

5G Smartphone Operating System Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• iOS
• Android
• Windows
• Others

5G Smartphone Sales Channel Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• Online
• Offline

5G Smartphone SIM Type Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• Single SIM
• Multi SIM

5G Smartphone End User Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• B2B
• B2C

 

Zeolite Market Size, Outlook, Key Prospects And Future Growth

 The global zeolite market size is expected to reach USD 36.98 billion by 2027 according to a new study by Polaris Market Research. The report “Zeolite Market Share, Size, Trends, Industry Analysis Report, By Product Type [Natural (Clinoptilolite, Mordenite, Others), Synthetic Zeolite (Zeolite A, Type X, Type Y, USY, ZSM 5)]; By End-Use (Building & Construction, Water Treatment, Animal Nutrition, Odor Control & Desiccant, Detergent, Agriculture, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

A number of synthetic zeolite manufacturers produce different grades, where low-grade zeolites are used in detergents and high grades are used in the petrochemical industry. Manufacturers of the product include Tosoh Corporation, Honeywell International Inc., BASF SE, Albemarle Corporation, and Clariant AG. Apart from the large-scale manufacturers, numerous small- and medium-scale manufacturers are present in Asia Pacific, owing to the rising demand from the region which is likely to drive market growth.

 

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Raw materials required to synthesize zeolite industrially are sodium silicate (Na₂O₃Si), sodium hydroxide (NaOH), and aluminum oxide (Al₂O₃). These chemical compounds are manufactured in bulk and can be categorized as commodity chemicals for a wide range of applications. Several companies across the world manufacture these compounds such as BASF SE, Bayer AG, and The Dow Chemical Company, among others.

 

Na₂O₃Si is manufactured by companies such as Evonik Industries, BASF SE, and W.R. Grace. & Co. Raw materials are easily available in different concentrations as per the requirements of zeolite manufacturers. Zeolite manufacturers such as W.R. Grace & Co., Albemarle Corporation, and BASF SE manufacture and market raw materials required for the manufacture of zeolite.

 

One of the important applications of synthetic zeolite is for FCC (Fluid Catalytic Cracking) catalysts. FCC is a process by means of which complex hydrocarbon molecules are broken down into simple hydrocarbon molecules. FCC is a type of secondary unit operation, used to produce gasoline in the refining process. Increasing demand for petroleum across the world has resulted in high demand for synthetic over natural products, which are used as catalysts.

 

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Furthermore, FCC has higher application in North America compared to other regions where hydrocracking is more prevalent. The high demand for energy in the region resulted in the sustained growth of productivity. Production in this region is expected to exhibit continued growth in the near future. Global application of zeolitic catalysts in petroleum and refineries is expected to grow in the next few years. This, in turn, would contribute to the growth of the market.

 

Market participants such as BASF SE, Honeywell International Inc., Steelhead Specialty Minerals, Arkema SA, Tosoh Corporation, KNT Group, Clariant AG, National Aluminium Company Limited, PQ Group Holdings Inc., Albemarle Corporation, and Rota Mining Corporation. are some of the key players operating in the global market.

 

NALCO has lined up investment worth USD 2.4 billion for increasing its production capacity, reaching untapped areas, and increasing coal production. Approximately half of the investment would be made in association with its joint venture. The majority of the funds would be used to enhance its alumina and aluminum business to increase its share in the market.

 

Dietary Supplements Market Overview, Trends Forecast Analysis By Top Manufactures

 The dietary supplements market is anticipated to reach USD 349.4 billion by 2026 according to a new study published by Polaris Market Research. In 2019, the vitamins 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.

 

A significant increase in the obese population, changing lifestyles, and initiatives and funding by governments to promote healthy lifestyles primarily drive the growth of this market.  Other driving factors include increasing diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the adoption of dietary supplements. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of dietary supplements. Increasing demand in developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

 

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There has been a significant increase in obesity across the world. In 2015, 2.2 billion people, including children and adults, were reported to be obese. A significant increase in child obesity has also been registered over the past years. The highest level of obese child and young population has been reported in the U.S. while the highest adult obesity has been reported in Egypt. Obese people have greater chances of acquiring obesity related diseases such as Diabetes and cardiovascular diseases. These increasing concerns about healthy living coupled with increasing awareness regarding proper nutrition have encouraged consumers to adopt dietary supplements, thereby promoting 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 dietary supplements market. Factors such as increase in per capita income and changes in consumer behavior towards nutrition and healthy eating habits are expected to accelerate the adoption of dietary supplements in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The high geriatric population in the region coupled with increasing disposable income drives the market growth. The sedentary lifestyle of consumers in the region has encouraged them to adopt dietary supplements to stay healthy and acquire proper nutrition. Increasing disposable incomes in developing countries of this region, rising awareness about health benefits of dietary supplements, and growing presence of fitness centres further foster the growth in this region.

 

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The different end-users in the market include adults, children, infants, pregnant women, and geriatric. In 2019, adults accounted for the highest market share. However, adoption of dietary supplements in children is expected to grow at the highest CAGR during the forecast period. The increasing demand for dietary supplements in children is owing to increasing need for proper nutrition, reduce chances of illness, and decrease incidences of child obesity.

 

The well-known companies profiled in the report include Abott Laboratories, GlaxoSmithKline, Herbalife International, Bayer AG, Pfizer Inc., Nutraceutics Inc., Glanbia Nutritionals, Amway, Carlyle Group, Arkopharma Laboratoires Pharmaceutiques, Bionova Lifesciences, and Danisco A/S 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 Agriculture Market Size, Outlook, Key Prospects And Future Growth

 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.