Category: Press Release

Market Highlights

The global Corrugated Pallets market was valued at $1.48 Billion in 2022 and is anticipated to grow at a CAGR of 4.91% from 2023 to 2033. The global corrugated pallets market is valued at USD 1,380 million in 2021 and is projected to grow at a CAGR of 4.8% from 2022 to 2030. Corrugated pallets, also known as paper pallets, are made from corrugated material and paper board sheets, offering an eco-friendly alternative to traditional wood pallets. These pallets come in various designs, including 3-5 layers for medium-weight goods and less than 3 layers for lightweight products. The market is primarily driven by the increasing demand for sustainable packaging solutions, particularly in industries like food and beverages, pharmaceuticals, and agriculture. Companies like KraftPal Technologies are leading the way in transforming the global supply chain with innovative corrugated pallet solutions, aiming to provide efficient, scalable, and environmentally friendly pallet options for logistics and material handling

For More Information: https://evolvebi.com/report/global-corrugated-pallets-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/

 

The COVID-19 pandemic has had a significant impact on the global pallets market, including the corrugated pallets segment. While the overall pallets market is expected to register a CAGR of 5.2% during the forecast period (2021 – 2026), the pandemic has caused disruptions in supply chains and changes in consumer behavior. The increased demand for sustainable packaging solutions, driven by green consumerism, has led to the growth of corrugated pallets as a means of eco-friendly packaging. Established players in the market are innovating to strengthen the pallets for varied applications, and companies are adopting sustainable practices in response to the theme of sustainability, particularly in the Asia Pacific region. The market is fragmented, with several small and large manufacturers competing for market share. The rise of e-commerce and the need for efficient and cost-effective product delivery have led to the adoption of RFID chips in pallet materials for real-time tracking and tracing, minimizing product loss and improving supply chain efficiency.

Segmental Analysis

The global Corrugated Pallets market has been segmented based on Product, Raw Material,  End User, Application

Based on the Product, the market is segmented based on >3 walls , 3-5 Walls and 5+ Walls. With the most market share, the Less than 3 layers category is predicted to expand at a CAGR of 4.3% over the course of the projected period. For lightweight consumer goods products, corrugated pallets with fewer than three layers are employed. These pallets are made for transporting light items in the food and beverage and pharmaceutical industries and can support modest loads.

Based on Raw Material,   the market has been divided into Angle board and Corrugated sheet. the Raw Material segment plays a crucial role, with a focus on sustainability and recyclability. Manufacturers are increasingly using renewable and recycled materials, such as paperboard and fiber, to align with environmental goals and reduce the carbon footprint of pallet production.

Based on the End User, the market has been divided into Food and Beverages, Chemical and Pharma, Agriculture, Metal and Machinery, Wholesalers and Others. With the biggest market share, the food and beverage segment is predicted to expand at a compound annual growth rate (CAGR) of 6.2% throughout the course of the projection period. The food and beverage sector constantly employs wheels to move its goods from one location to another or store them in warehouses.

Based on Application, the market has been divided into Logistics and Storage. Corrugated pallets are favored for their lightweight, hygienic, and customizable properties, making them ideal for transportation and storage needs across diverse sectors.

For More Information: https://evolvebi.com/report/global-corrugated-pallets-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/

 

Regional Analysis

The Corrugated Pallets market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The Asia Pacific region holds a dominant position in the Global Corrugated Pallets market. With the greatest market share, Asia Pacific is expected to grow at a compound annual growth rate (CAGR) of 5.6% over the course of the projected period. The goods are shielded from atmospheric, magnetic, electrostatic, vibration, and shock damage by corrugated pallets. Due to increasing industrialization and growing advances related to corrugated pallets in emerging economies, Asia-Pacific is expected to have strong growth potential. The need for corrugated pallets for the shipping of relatively small items is predicted to rise as online shopping becomes more common in developing nations. The North America region is witnessing rapid growth and emerging as a significant market for the Global Corrugated Pallets industry. By area, North America is the second largest. At a 3.9% CAGR, it is predicted to reach an expected value of USD 400 million by 2030. The corrugated pallet markets in North America comprise major nations including the United States and Canada. There are numerous manufacturing facilities in these nations. As a result, corrugated pallet use has grown significantly in these nations, contributing to the expansion of the regional market. The main reasons propelling the growth and development of the packaging and protective packaging market in North America are the expansion of the global e-commerce sector, the demand for inflatable packaging, and the active involvement of third-party logistic businesses.

Market Highlights

The Global Crop protection chemicals market is projected to be valued at USD 92.77 Billion by 2033, recording a CAGR of around 4.26% during the forecast period. The crop protection chemicals market refers to the industry involved in the production, distribution, and sale of chemicals used to protect crops from pests, diseases, and weeds. These chemicals, also known as pesticides or agrochemicals, are essential for modern agriculture to ensure high yields and prevent significant losses due to various biological threats.

Factors driving the demand for crop protection chemicals include the need to increase agricultural productivity to meet the growing global food demand, the prevalence of pests and diseases that can devastate crops, and the adoption of modern farming practices that rely on intensive crop management.

For More Information: https://evolvebi.com/report/crop-protection-chemicals-market-analysis/

 

The COVID-19 pandemic had several notable impacts on the crop protection chemicals market. Lockdowns, restrictions on movement, and disruptions in transportation have affected the supply chain of crop protection chemicals. This has led to delays in the delivery of raw materials, manufacturing disruptions, and logistical challenges, impacting the availability of these chemicals for farmers. The pandemic has caused shifts in demand for certain types of crops and consequently for specific crop protection chemicals. For example, there has been increased demand for staple crops like grains and pulses, leading to higher demand for herbicides and insecticides used in their cultivation. On the other hand, demand for chemicals used in high-value horticultural crops may have fluctuated due to changes in consumer behavior and supply chain disruptions.

Segmental Analysis

The global Crop protection chemicals market has been segmented based on Source, Form, Application and Crop Type.

Based on Source, the Crop protection chemicals market is segmented into Natural and Biopesticide. The Biopesticide segment is anticipated to dominate the market.

Based on Form, the Crop protection chemicals market is segmented into dry and liquid. The liquid segment is anticipated to dominate the market.

Based on Application, the Crop protection chemicals market is segmented into Foliar Spray, Seed Treatment, Soil Treatment and Others. The Foliar Spray segment is anticipated to dominate the market.

Based on Crop Type, the global Crop protection chemicals market has been divided into the Cereals & grains, Oilseeds & pulses, Fruits & vegetables and Others. The Cereals & grains segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/report/crop-protection-chemicals-market-analysis/

 

Regional Analysis

The Crop protection chemicals market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. In North America, the United States and Canada have well-established agricultural sectors with high adoption rates of crop protection chemicals. Increasing concerns about pesticide residues, environmental pollution, and pesticide resistance have led to greater demand for sustainable and integrated pest management solutions. Europe has stringent regulations governing the use of crop protection chemicals, including the EU’s Sustainable Use Directive and the regulation on Plant Protection Products (PPPs). The European market is characterized by a shift towards biopesticides, biostimulants, and integrated pest management practices. Asia-Pacific is a diverse region with a wide range of agricultural practices, from smallholder farming to large-scale commercial agriculture. Rapid urbanization, changing dietary habits, and increasing food demand are driving the adoption of modern agricultural practices and crop protection chemicals in the region. Latin America is a major producer and exporter of agricultural commodities, with countries like Brazil, Argentina, and Mexico being significant players. The region has favorable climatic conditions for agriculture but also faces challenges such as pest and disease pressure, leading to high demand for crop protection chemicals.

Market Highlights

The global Electric Bus market was valued at $8.03 Billion in 2022 and is anticipated to grow at a CAGR of 29.32% from 2023 to 2033. The Global Electric Bus Market refers to the collective marketplace encompassing the production, distribution, and sale of electric buses on a worldwide scale. This market includes various types of electric buses, such as battery electric buses (BEBs), hybrid electric buses (HEBs), and fuel cell electric buses (FCEBs). Factors driving the growth of this market include increasing concerns about environmental pollution, government initiatives to promote the adoption of electric vehicles (EVs), advancements in battery technology, and a growing emphasis on sustainable transportation solutions.

For More Information: https://evolvebi.com/report/global-electric-bus-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/

 

The market involves manufacturers, suppliers of electric vehicle components, government bodies, transportation authorities, and end-users such as public transit agencies and private operators. It’s characterized by ongoing technological advancements, evolving regulations, and competitive dynamics among industry players striving to capture market share in the rapidly expanding electric transportation sector.

The COVID-19 pandemic had a significant impact on the Global Electric Bus Market. The pandemic disrupted global supply chains, affecting the production of electric buses. Factory closures, logistical challenges, and shortages of essential components hindered manufacturing operations, leading to delays in delivery schedules for electric buses. The pandemic resulted in reduced demand for public transportation services as lockdowns, social distancing measures, and travel restrictions were implemented worldwide to curb the spread of the virus. Consequently, transit agencies and operators scaled back their procurement plans for new electric buses.

Segmental Analysis

The global Electric Bus Market has been segmented based on Propulsion Type, Component, Consumer, Length of the bus, Application, Vehicle Range, Battery Capacity, Power Output and Battery Type.

Based on Propulsion Type, the Global Electric Bus Market is segmented into BEV and PHEV. The BEV segment is anticipated to dominate the market.

Based on Component, the global Electric Bus Market has been divided into the Motor, Battery, Fuel Cell Stack, Battery Management System, Battery Cooling System and EV Connectors. The Battery segment is anticipated to dominate the market.

Based on Consumer, the global Electric Bus Market has been divided into the Fleet Operator and Government. The Fleet Operator segment is anticipated to dominate the market.

Based on Length of the bus, the global Electric Bus Market has been divided into the Less than 9m, 9-14m and Above 14m. The 9-14m segment is anticipated to dominate the market.

Based on Application, the global Electric Bus Market has been divided into the Intercity and Intracity. The Intracity segment is anticipated to dominate the market.

Based on Vehicle Range, the global Electric Bus Market has been divided into the Less than 200 miles and Above 200 miles. The Above 200 miles segment is anticipated to dominate the market.

Based on Battery Capacity, the global Electric Bus Market has been divided into the Upto 400 Kwh and Above 400 Kwh. The Above 400 Kwh segment is anticipated to dominate the market.

Based on Power Output, the global Electric Bus Market has been divided into the Upto 250 KW and Above 250 KW. The Above 250 KW segment is anticipated to dominate the market.

Based on Battery Type, the global Electric Bus Market has been divided into the Lithium-Nickel-Maganese-Cobalt-Oxide and Lithium-Iron-Phosphate. The Lithium-Nickel-Maganese-Cobalt-Oxide segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/report/global-electric-bus-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/

 

Regional Analysis

The Global Electric Bus Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The electric bus market in North America is growing steadily, driven by a combination of federal and state incentives, environmental regulations, and local government initiatives. Transit agencies in cities such as Los Angeles, New York, and Seattle have committed to transitioning their bus fleets to electric vehicles. However, adoption rates vary across regions due to factors such as funding availability, infrastructure readiness, and regulatory frameworks. North American manufacturers and international companies are competing in the market to meet the growing demand for electric buses. Europe is experiencing rapid growth in the electric bus market, driven by stringent emissions regulations, government incentives, and efforts to achieve carbon neutrality. Several European countries have set targets to phase out diesel buses and transition to zero-emission vehicles, including electric buses. Apart from China, other countries in the Asia-Pacific region are also seeing increasing adoption of electric buses. Countries like India, Japan, and South Korea are investing in electric bus infrastructure and incentivizing the adoption of electric vehicles to address urban pollution and reduce oil dependence. However, market growth in these countries may face challenges related to infrastructure development, funding constraints, and technology adoption. Latin American countries are showing growing interest in electric buses as part of efforts to modernize public transportation systems and reduce emissions. Cities such as Santiago (Chile), Bogotá (Colombia), and São Paulo (Brazil) have implemented electric bus pilot projects or are planning to electrify their bus fleets. Government incentives, environmental policies, and international partnerships are driving the adoption of electric buses in the region, although challenges such as funding constraints and infrastructure development remain.

Market Highlights

The global Elevators and Escalators market was valued at $69.25 Billion in 2022 and is anticipated to grow at a CAGR of 7.41% from 2023 to 2033. Elevators and escalators are vertical transportation systems designed to move people between different levels of a building efficiently and safely. Elevators consist of a car that travels vertically within a shaft, typically using a system of cables and pulleys or hydraulic mechanisms, while escalators are moving staircases that convey people between floors on a continuous loop. Both systems play a crucial role in modern urban infrastructure, providing convenience and accessibility in high-rise buildings, shopping centers, airports, and other public spaces.

For More Information: https://evolvebi.com/report/elevators-and-escalators-market-analysis/

 

The COVID-19 pandemic significantly impacted the global Elevators and Escalators market in several ways. Initially, widespread lockdowns and restrictions led to a slowdown in construction activity, resulting in delayed or canceled projects and reduced demand for new installations. Maintenance and modernization projects were also affected as access to buildings became restricted and non-essential services were postponed. Additionally, concerns about virus transmission in enclosed spaces prompted increased emphasis on hygiene and safety measures within elevators and escalators, leading to the implementation of touchless technology, improved ventilation systems, and enhanced cleaning protocols.

Segmental Analysis

The Global Elevators and Escalators Market has been segmented based on Type, Service and End-use.

Based on Type, the Global Elevators and Escalators Market is segmented into Elevator, Escalator, Moving walkways, Others. The Elevator segment is to have a larger market share.

Based on Service, the Global Elevators and Escalators Market is segmented into New installation, Maintenance & repair, Modernization, Others. The New installation segment is anticipated to dominate the market.

Based on End-use, the Global Elevators and Escalators Market has been divided into the Residential, Commercial, Institutional, Infrastructure. The Residential segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/report/elevators-and-escalators-market-analysis/

 

Regional Analysis

The Global Elevators and Escalators Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. The North American region, encompassing the United States and Canada primarily, is characterized by a mature market with a focus on modernization and maintenance of existing elevator and escalator systems. In Europe, including countries like Germany, France, and the UK, the Elevators and Escalators market is influenced by stringent safety regulations and sustainability goals. With a strong emphasis on urban development and infrastructure modernization, there’s a steady demand for both new installations and refurbishments. The Asia-Pacific region, comprising countries such as China, Japan, and India, represents the largest and fastest-growing market for Elevators and Escalators globally. Rapid urbanization, population growth, and increasing investments in infrastructure projects drive the demand for vertical transportation systems. South America, including countries like Brazil and Argentina, experiences varying degrees of market development across different economies. Urbanization and commercial development projects drive demand in major metropolitan areas, with a focus on high-rise buildings and transportation hubs. The Middle East & Africa region, encompassing countries like the UAE, Saudi Arabia, and South Africa, presents opportunities for Elevators and Escalators market growth driven by urbanization, infrastructure development, and investments in commercial and residential construction projects.

Market Highlights

The Global Energy-efficient windows market is projected to be valued at USD 30.41 Billion by 2033, recording a CAGR of around 8.32% during the forecast period. The energy-efficient windows market refers to the segment of the construction industry focused on the production, distribution, and installation of windows designed to minimize energy consumption within buildings. Energy-efficient windows are specially designed to reduce heat transfer and air leakage, thereby improving insulation and reducing the need for heating, cooling, and artificial lighting. These windows typically feature advanced glazing technologies, such as low-emissivity (low-E) coatings, multiple panes, inert gas fills (like argon or krypton), and insulated frames.

For More Information: https://evolvebi.com/report/energy-efficient-windows-market-analysis/

 

The market for energy-efficient windows has seen significant growth in recent years due to increasing awareness of environmental concerns, rising energy costs, and stringent building regulations aimed at reducing carbon emissions. Key players in the energy-efficient windows market include manufacturers, suppliers, contractors, and retailers who offer a variety of window products tailored to different climates, building types, and energy efficiency requirements. Additionally, government incentives and green building certifications often drive demand for energy-efficient windows by encouraging investment in sustainable construction practices.

The COVID-19 pandemic had significant impacts on the energy-efficient windows market. With lockdowns and restrictions in place, many people spent more time at home, leading to an increased focus on home improvement projects. Energy-efficient windows, aimed at reducing energy bills and improving comfort, became a popular choice for homeowners looking to upgrade their properties during this time. In response to the economic impact of the pandemic, many governments introduced stimulus packages and incentives to promote construction and renovation activities. Some of these incentives specifically targeted energy-efficient upgrades, including windows, encouraging investment in such projects.

Segmental Analysis

The global Energy-efficient windows market has been segmented based on Operating Type, Glazing Type, Component and End Use.

Based on Operating Type, the Energy-efficient windows market is segmented into Awning, Casement, Double-hung, Fixed, Hopper and Others. The Awning segment is anticipated to dominate the market.

Based on Glazing Type, the global Energy-efficient windows market has been divided into the Double Glazing, Triple Glazing and Others. The Double Glazing segment is anticipated to dominate the market.

Based on Component, the Energy-efficient windows market is segmented into Frame, Glass, Hardware and Others. The Glass segment is anticipated to dominate the market.

Based on End Use, the Energy-efficient windows market is segmented into Residential, Non-residential and Others. The Residential segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/report/energy-efficient-windows-market-analysis/

 

Regional Analysis

The Energy-efficient windows market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. In North America, the United States and Canada have well-established energy-efficient windows markets driven by stringent building codes, energy efficiency programs, and consumer demand for sustainable building solutions. Energy Star certification is a significant driver, incentivizing the adoption of energy-efficient windows through rebates and tax credits. Europe leads the global energy-efficient windows market, driven by ambitious energy efficiency targets, stringent building regulations (e.g., EU Energy Performance of Buildings Directive), and strong consumer awareness of environmental issues. Rapid urbanization, increasing construction activity, and rising awareness of energy efficiency are driving market growth in countries like China, Japan, South Korea, and Australia. Increasing disposable income and changing lifestyles contribute to the growth of the retrofit market, particularly in urban areas. The energy-efficient windows market in Latin America is growing, albeit at a slower pace compared to other regions, due to factors such as economic constraints, varying regulatory environments, and lower consumer awareness. Opportunities exist for manufacturers to cater to the growing demand for energy-efficient windows in commercial buildings, residential developments, and government projects. The energy-efficient windows market in the Middle East and Africa is driven by factors such as increasing urbanization, population growth, and government initiatives to improve building energy efficiency. Countries like the UAE, Qatar, and South Africa have seen growing demand for energy-efficient windows in commercial and residential buildings, driven by sustainable development goals and green building certifications.

 

Market Highlights

The Global Feed plant-based protein market is projected to be valued at USD 23.88 Billion by 2033, recording a CAGR of around 6.87% during the forecast period. The plant-based protein market refers to the segment of the food industry focused on producing, marketing, and selling protein-rich products derived from plants. These products are alternatives to traditional animal-based protein sources such as meat, dairy, and eggs. Plant-based protein sources include soy, peas, lentils, chickpeas, quinoa, hemp, chia seeds, and various grains and legumes.

For More Information: https://evolvebi.com/report/feed-plant-based-protein-market-analysis/

 

The feed plant-based protein market specifically caters to providing plant-based protein sources for livestock feed. This segment focuses on producing protein-rich feeds derived from plants to meet the dietary needs of livestock, including poultry, pigs, and cattle, without relying on animal-derived protein sources. This market segment is also influenced by similar trends driving the human consumption of plant-based proteins, such as sustainability, animal welfare concerns, and health considerations.

The COVID-19 pandemic had various impacts on the feed plant-based protein market. The pandemic has heightened awareness of health and wellness, leading to a surge in demand for plant-based foods and ingredients, including plant-based protein. As consumers became more health-conscious and concerned about the origin of their food, they have shown increased interest in plant-based alternatives for both themselves and their livestock. Changes in consumer behavior during the pandemic, such as reduced meat consumption due to concerns about meat processing facilities’ safety and disruptions in the meat supply chain, have driven some livestock producers to explore alternative protein sources for animal feed. This has created opportunities for the feed plant-based protein market to expand its customer base.

Segmental Analysis

The global Feed plant-based protein market has been segmented based on Type, Livestock and Source.

Based on Type, the Feed plant-based protein market is segmented into Concentrates, Isolates and Others. The Isolates segment is anticipated to dominate the market.

Based on Livestock, the Feed plant-based protein market is segmented into Pets, Swine, Ruminants and Others. The Swine segment is anticipated to dominate the market.

Based on Source, the global Feed plant-based protein market has been divided into Soy, Wheat, Pea and Others. The Soy segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/report/feed-plant-based-protein-market-analysis/

 

Regional Analysis

The Feed plant-based protein market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. North America has been a significant driver of growth in the plant-based protein market, with the United States and Canada leading in terms of production and consumption. Consumer demand for sustainable and ethically sourced food products is driving interest in plant-based feed ingredients, particularly among producers catering to niche markets and specialty diets. Europe has seen rapid growth in the plant-based protein market, fueled by increasing awareness of environmental sustainability and animal welfare concerns. European consumers are increasingly embracing plant-based diets, driving demand for meat and dairy alternatives as well as sustainably sourced animal products. Asia-Pacific is a diverse region with varying levels of economic development, cultural preferences, and agricultural practices. The region’s large population and expanding middle class present significant market opportunities for plant-based protein products, both for human consumption and livestock feed. Latin America is known for its extensive livestock production, particularly in countries such as Brazil and Argentina. Latin American countries have abundant agricultural resources for producing plant-based feed ingredients, including soybeans, corn, and legumes, which can be utilized to develop sustainable feed solutions for livestock. Consumer demand for ethically sourced and environmentally friendly food products is also driving interest in plant-based protein among livestock producers and feed manufacturers in the region.

 

 

Market Highlights

The global Feed Premix market was valued at $8.41 Billion in 2022 and is anticipated to grow at a CAGR of 5.90% from 2023 to 2033. Feed premix is a mixture of essential nutrients, such as vitamins, minerals, amino acids, and sometimes medications or additives, that are added to animal feed to ensure that the animals receive all the necessary nutrients for optimal health, growth, and productivity. Premixes are typically added to feed at small quantities to complement the base feed ingredients and to meet the specific nutritional requirements of different animal species and production stages. They play a crucial role in balancing the diet of livestock and poultry, ensuring that they receive all the essential nutrients in the correct proportions.

For More Information: https://evolvebi.com/report/feed-premix-market-analysis/

 

The COVID-19 pandemic disrupted supply chains, causing logistical challenges in sourcing and distributing feed premix ingredients globally. Fluctuating demand patterns due to economic uncertainty and changing consumer behavior affected the production and consumption of animal products, subsequently impacting the demand for feed premix. Despite initial disruptions, the focus on food security and the resilience of the agriculture sector led to adaptations in production methods and distribution channels, supporting the gradual recovery of the global feed premix market.

Segmental Analysis

The Global Feed Premix Market has been segmented based on Form, Batter Application and Ingredient Type.

Based on Form, the Global Feed Premix Market is segmented into Dry, Liquid. The Dry segment is to have a larger market share.

Based on Batter Application, the Global Feed Premix Market is segmented into Poultry, Equine, Swine, Others. The Poultry segment is anticipated to dominate the market.

Based on Ingredient Type, the Global Feed Premix Market has been divided into the Amino acids, Vitamins, Minerals, Others. The Amino acids segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/report/feed-premix-market-analysis/

 

Regional Analysis

The Global Feed Premix Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America and Europe are prominent markets for feed premixes due to their well-established livestock industries and stringent regulations governing animal nutrition. Asia-Pacific, driven by countries like China and India, is witnessing rapid growth in the feed premix market due to increasing meat consumption and a growing focus on animal health and nutrition. South America is emerging as a key market, propelled by expanding livestock production in countries like Brazil and Argentina. The Middle East & Africa region is experiencing growth in response to rising demand for meat and dairy products, alongside efforts to improve animal productivity and health.

 

 

Market Highlights

The Global Hydroponics market is projected to be valued at USD 60.36 Billion by 2033, recording a CAGR of around 12.65% during the forecast period. The hydroponics market refers to the industry involved in the cultivation of plants without soil, using nutrient solutions in a water-based system. This innovative agricultural technique has ancient roots and offers numerous benefits, including faster plant growth, high yields, and the ability to grow plants in various locations like rooftops and greenhouses. Hydroponics allows for water and nutrient recycling, organic food production, and is even utilized in space research programs. Despite its advantages, hydroponics requires upfront investment and technical knowledge. Overall, the hydroponics market is a growing sector that revolutionizes traditional farming methods by providing a soil-less and efficient way to cultivate a variety of crops.

For More Information: https://evolvebi.com/report/hydroponics-market-analysis/

 

The Hydroponics market experienced a detrimental effect due to the Covid-19 pandemic. Due to supply chain disruptions brought on by the COVID-19 epidemic, there are now shortages or decreased demand in the hydroponics market. Spending by consumers and businesses has decreased significantly as a result of the travel restrictions and social distancing measures, and this trend is expected to persist for some time. The epidemic has altered end-user trends and tastes, prompting manufacturers, developers, and service providers to implement diverse tactics aimed at stabilizing their businesses.

Segmental Analysis

The global Hydroponics market has been segmented based on Type, Input, Equipment and Crop type

Based on the Type, the market is segmented based on Aggregate Systems and Liquid Systems. According to hydroponics market data, the aggregate systems category held the lion’s share in 2022. This is because it is inexpensive, simple to set up, and widely accepted by indoor hydroponic growers. The plants in these systems are supported by inert and solid medium like as peat, rock wool, vermiculite, sand, sawdust, perlite, or coconut coir.

Based on Input, the market has been divided into Nutrients and Rockwool. During the 2022–2030 forecast period, the nutrients segment is expected to develop at a faster rate than other segments, having led market growth in 2022. This segment’s significant market share can be attributed to the need to cultivate crops in both aggregate and non-aggregate approaches. The three essential nutrients that plants need to grow are potassium, phosphorus, and nitrogen.

Based on the Equipment, the market has been divided into HVAC, LED Grow Lights, Irrigation Systems, Material Handling, Control Systems, Others.  In the hydroponics market, the Equipment segment encompasses a wide range of essential tools and systems, including grow lights, hydroponic systems (such as deep water culture and nutrient film technique), pumps, reservoirs, and controllers. This segment is witnessing steady growth driven by technological advancements, increasing adoption of indoor farming practices, and the rising demand for efficient, automated hydroponic solutions.

Based on Crop type, the market has been divided into Vegetables (Fruits, Flowers, Others). This segment is experiencing significant growth attributed to the rising demand for fresh, locally grown produce, increased consumer awareness about food quality and safety, and the ability of hydroponic systems to optimize growing conditions for a wide range of crops, regardless of seasonal constraints.

For More Information: https://evolvebi.com/report/hydroponics-market-analysis/

 

Regional Analysis

The Hydroponics market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The Europe region holds a dominant position in the Hydroponics market. The hydroponics market in Europe, which was valued at USD 1.145 billion in 2022 and held a 45.80% market share, is anticipated to develop at a substantial compound annual growth rate (CAGR) throughout the course of the study. It can be linked to the growing industrialization and scarcity of land that have led to the widespread use of hydroponics. Europe is home to the developed economies of the Netherlands, Greece, Italy, France, and Spain. The rapid development of genetically modified agricultural technologies is another factor expected to contribute to the region’s substantial CAGR during the forecast period. The Asia-Pacific region is witnessing rapid growth and emerging as a significant market for the Hydroponics industry. The hydroponics market in Asia Pacific is anticipated to expand at the quickest rate possible between 2022 and 2030. This can be explained by the fact that hydroponics is widely used in countries like South Korea, Australia, China, and others. It is projected that the market in China and India would develop significantly over the forecast period due to the emergence of urban hydroponic farms. North America has enormous development potential because of the sheer number of firms that are located there.

Evolve Business Intelligence has published a research report on the Global Plumbing Fixtures market, 2021–2034. The global Plumbing Fixtures market is projected to exhibit a CAGR of around 6.45% during the forecast period of 2021 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Plumbing Fixtures market: Kohler Co., Moen Inc., Delta Faucet Company, American Standard Brands, Grohe AG, Hansgrohe SE, TOTO Ltd., Jacuzzi Brands LLC, Bradley Corporation and Pfister.

More Information: https://evolvebi.com/report/plumbing-fixtures-market-analysis/

Market Highlights

The Global Plumbing Fixtures market is projected to be valued at USD 210.21 Billion by 2034, recording a CAGR of around 6.45% during the forecast period. The Plumbing Fixtures market encompasses the segment of the construction industry that deals with products and equipment used in plumbing systems. This includes fixtures designed for the distribution of water and the removal of wastewater.

The plumbing fixtures market plays a crucial role in providing essential water supply and waste removal services within buildings. The Plumbing Fixtures market is driven by factors like residential and commercial construction activities, renovation projects, and advancements in plumbing technology.

Segmental Analysis

The global Plumbing Fixtures market has been segmented based on Kitchen Fixtures, Fixture Type and End User.

Based on Kitchen Fixtures, the Plumbing Fixtures market is segmented into Sink, Faucets and Others. The Faucets segment is anticipated to dominate the market.

Based on Fixture Type, the Plumbing Fixtures market is segmented into Bathtubs, Showerheads, Faucets, Toilets and Others. The Toilets segment is anticipated to dominate the market.

Based on End User, the global Plumbing Fixtures market has been divided into Residential, Non-residential and Others. The Residential segment is anticipated to dominate the market.

More Information: https://evolvebi.com/report/plumbing-fixtures-market-analysis/

Regional Analysis

The Plumbing Fixtures market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. In North America region, countries like United States and Canada market is driven by strong construction activity, a focus on water conservation, and advancements in smart plumbing technologies. High demand for both residential and commercial fixtures support growth, with a trend towards premium and innovative products. In Europe region, Countries like Germany, the UK, and France see high demand for water-saving and energy-efficient plumbing fixtures due to stringent environmental regulations and a focus on sustainability. The market is also influenced by high standards in design and innovation. In Asia-Pacific region, China and India had rapid urbanization and industrialization drive significant growth in the plumbing fixtures market. There is a strong demand for affordable and durable fixtures due to extensive residential and commercial construction projects. In Latin America region, Brazil and Mexico market is growing due to increasing construction activities, urbanization, and a rising middle class. There is a demand for both cost-effective and high-quality fixtures and In Middle East and Africa region, rapid urban development, especially in countries like the UAE and Saudi Arabia, drives demand for modern and luxury plumbing fixtures. There is a focus on high-end and water-efficient products and Growth is more gradual, with opportunities in emerging markets driven by infrastructure projects and rising living standards. Demand varies widely across different countries.

Market Highlights

The global Ports and Terminal Operation market was valued at $4.45 Billion in 2022 and is anticipated to grow at a CAGR of 9.23% from 2024 to 2034. Ports and terminal operation involves the management of port facilities to ensure efficient cargo handling, transportation, and trade facilitation. It encompasses activities such as berthing, cargo discharge, storage, and onward transportation via barge, road, or rail. Port efficiency is crucial for economic development and trade expansion, often involving government ownership or funding. Compliance with statutory regulations, consultation with port users, competition with other ports, and the influence of cost, construction, and safety factors are key aspects of port operation and management. Additionally, modern port operations involve advanced technologies like computerization and flow control to enhance performance and meet market demands

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The COVID-19 pandemic significantly impacted Ports and Terminal Operations by causing disruptions in supply chains, leading to reduced demand, supply shortages, and changes in consumer and business spending patterns. Port authorities adapted by implementing operational, financial, and sanitary protocols to mitigate risks and maintain cargo operations. The pandemic highlighted the industry’s resilience challenges and the importance of adapting to external shocks for continued operational efficiency.

Segmental Analysis

The global Ports and Terminal Operation market has been segmented based on Type, application

Based on Type, the market is segmented based on Stevedoring and Cargo handling and Transportation. Bulk terminals handle commodities like coal and grain in large quantities, requiring specialized equipment. RoRo terminals manage roll-on/roll-off cargo like vehicles, emphasizing quick loading and unloading for efficient transport. Each segment plays a vital role in facilitating smooth operations and ensuring the flow of goods worldwide.

Based on application, the market has been divided into the Food Transportation, Coal Transportation and Steel Transportation. Passenger terminals serve cruise ships and ferries, providing facilities for travelers and their luggage. Industrial terminals support offshore activities such as oil and gas exploration, offering services like supply base operations and vessel support. Each application segment has unique requirements, shaping port operations to meet diverse industry needs efficiently.

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Regional Analysis

The Ports and Terminal Operation market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. North America holds a dominant position in the Ports and Terminal Operation Market. The region’s dominance can be attributed to various factors. Ports and terminals in North America are key hubs for trade, connecting the continent with global markets. Major ports like Los Angeles, New York, and Vancouver handle vast volumes of containerized cargo, facilitating trade with Asia, Europe, and beyond. Along the Gulf Coast, ports like Houston and New Orleans specialize in energy exports, particularly oil and gas products. The Great Lakes ports such as Chicago and Detroit play a crucial role in inland shipping, transporting bulk commodities like grain and minerals. With diverse capabilities and strategic locations, North American ports and terminals contribute significantly to the region’s economic growth and global connectivity. The Asia-Pacific region has indeed emerged as the fastest-growing market for the Ports and Terminal Operation industry. The Asia-Pacific region boasts some of the busiest and most diverse ports and terminals globally. Ports like Shanghai, Singapore, and Hong Kong serve as major transshipment hubs, handling a significant portion of the world’s containerized cargo. With rapid industrialization, ports in China, South Korea, and Japan specialize in exporting manufactured goods, while Southeast Asian ports like Port Klang in Malaysia facilitate trade across the region. Australia’s ports, such as Port of Brisbane and Port Botany, support diverse industries including mining and agriculture. With their strategic locations and extensive infrastructure, Asia-Pacific ports play a pivotal role in global trade and economic development.