#Agriculture Customer Segmentation Market Report

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Global Agriculture Customer Segmentation Market | BIS Research

The agriculture customer segmentation market is emerging as a pivotal tool for agribusinesses, enabling companies to more effectively target specific groups of farmers, distributors, and consumers based on their unique needs, behaviors, and preferences.

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Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure.   Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure.   Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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Advantages and disadvantages of 5G

5G technology or fifth generation technology offers many features for mobile networks. It is useful for government, students, businesses and professionals. It is a new mobile network designed to connect everyone and everything. It is the new standard in global wireless networks after 1G to 4G. It offers high multi-Gbps data speeds, low latency, large network capacity, and a flexible user experience. As this new technology is deployed, 5G technology should create many new applications.

5G technology features in brief. Speed ​​up to 10 Gbits.

Great app

100 times more device connections

Fast response time

Waste of time

Another software option to upgrade. Great potential

With the proliferation of digital around the world, when live streaming and games, sports, news, movie reviews, social media, etc., the transfer of large amounts of data from one host to another and the Internet of Things (IoT) spurred the development of mobile phone standards. .

However, the 5G technology network has not yet reached its potential because the existing devices and infrastructure are not yet ready to support the 5G technology network. Those who have tested the 5G technology network using it with built-in 4G devices in this application are also called non-stationary 5G technology networks. The full potential of 5G technology will only be realized when independent networks, compatible devices and better communication tower technologies become available.

Advantages of 5G technology

Transfer data faster

The previous generation 4G LTE technology used bands below 3 GHz but in comparison, 5G technology uses bandwidth from 6 GHz in length to 24 GHz. However, it is important to note that 5G technology coverage also requires a base station and a broadcast tower compared to a 4G data network.

Improved network

5G networks are more flexible as they work with different customers, services and market segments. It divides its network in such a way that it will adapt to the needs of the users. It is based on Network Functions Virtualization (NFV) and Software Defined Networking (SDN). It is also called a "network fragment". This provides high data rates, low power consumption, and reliable low latency.

Moving Beamforming

Moving Beamforming refers to a radio signal processing technique that allows for the transmission or reception of a directional network, unlike a passive antenna that beams the signal randomly in all directions. 4G networks also use beamforming to some capacity, but in a growing sense.

Benefits for companies and businesses

It provides improved machine-to-machine communication for automation, real-time communication and guaranteed network availability, digitization of healthcare and agricultural industries.

Benefits for consumers

It provides fast download and download times when you are streaming users. Stable connection to mobile communications, low response time for online or cloud gaming, virtual reality, high quality live TV and 4K video telephony.

A more secure network

5G technology networks offer more security than previous generation networks. It supports protection against data loss, data corruption and theft. The exchange of sensitive and private customer data, such as hospital patient reports, customer data and student information at universities, is more secure in the 5G technology network.

Disadvantages of 5G

Limit coverage

The 5G technology network is a new technology, it requires a large network of ports and transmission towers worldwide, which requires a lot of time, testing, testing and setting up 5G technology towers.

Reduces durability

If the experts are to be believed, the non-standard 5G technology network undermines the performance of 4G network devices. Although a few manufacturers have started to produce 5G technology network devices, R & D believes that due to high data transmission in the largest network, the longevity or service life of mobile phones and other devices will be compromised.

Involvement in aviation

In January, Air India cancled several flights to the United States because they were rolling out 5G technology services in the country. This is a major setback of 5G technology in India as airlines have suffered losses due to ongoing 5G technology deployment projects. It can also be a hindrance in the future if not dealt with quickly. Internet Security Threats

Although the 5G technology network is said to help improve cybersecurity, it also has its limitations as it encourages cloud computing and exposes more data to risk. of hacking due to its lack of privacy and ease of access to network networks. on the other hand. hands

5G technologyin India

India officially launched its 5G technology network in October this year at an event held in New Delhi. Airtel and Jio have started rolling out 5G technology data plans in select state. However, Vodafone Idea is not planning to launch it in the near future.

In case of Airtel, they are currently placed in Tier I to Tier 8 countries. Jio has launched 5G technology services in limited areas. Many telecom operators are also of the opinion that pan-India 5G technology network coverage will take a few years. Jio recently announced after the 5G technology beta test that no SIM card is required to operate Jio's 5G technology network. However, Vodafone Idea has not yet announced its 5G technology network.

The health risks of 5G technology and the disadvantages of 5G technology for the environment

The International Commission on Non-ionizing Radiation Protection (ICNIRP) has stated that increasing radio frequencies above 6 GHz may have biological and health effects. The 5G technology network will increase the amount of electromagnetic radiation in the environment, causing a greater risk of cancer. With the lack of power of 5G technology network devices, there will also be an increase in the collection of electronic waste. The electric current from the cell tower exposed sparrows and other birds to increased egg production and nesting behavior. High rates of energy consumption have also contributed to global warming.

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Fertilizer Additive Market to Reach US$ 4,050.19 million with a CAGR of 2.4% from 2022 to 2028

The Fertilizer Additive Market is expected to reach at US$ 4,050.19 million by 2028; registering at a CAGR of 2.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

Because of the growing population, there is a greater need for food grains, which has increased demand for fertilisers in many nations. The Food and Agriculture Organization of the United Nations (FAO) and the International Food Policy Research Institute (IFPRI) predict that the increase in consumer affluence in places like Asia, Eastern Europe, and Latin America would cause a 70% increase in the world's food demand by the year 2050. The Joint Research Centre's assertions that fertilisers have become more widely used to increase food production as a result of the shrinking area of arable land and the rising demand for food in various countries were also supported by a report released by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services.

Further, the increased production of synthetic fertilizers witnessing the enhancement in crop yield. Hence, the manufacturers are focusing on to increase the synthetic fertilizers production on commercial basis along with the blend of fertilizer additives. Therefore, the rising commercial synthetic fertilizer production demand for additives which propels the fertilizer additive market growth.

The rising population of various countries and their governments focus on the development of sustainable agriculture will enable to increase the food production. The growing population and rising need for food security tends to adopt fertilizer additives in fertilizers industry, which is fueling the fertilizer additive market growth. Due to growing urbanization, the available arable land is expected to decrease. As a result, fertilizers are likely to play an essential role in increasing the average crop yields per hectare. However, the quality and performance of fertilizers deteriorates over time, and chemical fertilizers are leading to deteriorate the soil fertility. Fertilizer additives aid in the production, handling, storage, and transportation of fertilizers. The additives help fertilizers maintain their shape, limit caking, decrease dust formation during manufacturing of fertilizers, and avoid wetting of fertilizers. Hence, the manufacturers in fertilizers industry has been adopting fertilizer additives rigorously. Thus, the growing use of fertilizers in agricultural practices is estimated to fuel the fertilizer additives market growth.

The key players operating in the global fertilizer additive market include Arkema Group; Solvay; KAO CORPORATION; Chemipol S.A.; Chemsol LLC; Clariant; Dorf Ketal; Michelman, Inc.; Omex Agriculture, Inc.; and Novochem Group. Players operating in the global fertilizer additive market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.

Form and kind are the two main divisions in the market for fertiliser additives. The market is divided into granular, prilled, and powder segments based on form. The market is divided into categories based on type, including corrosion inhibitors, granulation aids, colouring agents, anti-caking agents, and others. The Middle East & Africa (MEA), South & Central America, Asia Pacific (APAC), and North America are the main geographic divisions of the fertiliser additive market.

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IoT Insurance Market - Forecast (2022 - 2027)

The Global market for Iot Insurance is forecast to reach $3,123.3 million by 2026, growing at a CAGR of 18.7% from 2021 to 2026. IoT-Connected insurance uses the data from internet-connected devices and telematics to improve the understanding of risks. It is a new approach that is based on use of sensors and digital technologies to monitor the state of an insured risk transforming rough data in usable and actionable information. Advances in IoT insurance can improve the productivity, overall profitability of the business and the risk profile of the portfolio. Through IoT, insurers can better connect with customers adding important touch points in particularly sensitive phases like acquisitions and claims. It is observed that automation can cut the cost of the claims process by as much as 30% and IoT connected devices have helped some life insurance and health insurance companies lower their premiums by as much as 25%.

Report Coverage

The report: “Iot Insurance Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Iot Insurance market. By Type – Health Insurance, Life Insurance, Property and Casualty Insurance and Others. By Application – Life and Health Insurance, Home and Commercial Buildings, Automotive and Transportation, Business and Enterprise, Consumer Electronics and Industrial Machines, Travel, Agriculture and Others. By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

Advances in IoT insurance can improve the productivity, overall profitability of the business and the risk profile of the portfolio.

IoT technology presents opportunities for insurers to reduce and mitigate losses, improve underwriting and enhance personalization of products and services.

Automation in insurance can cut the cost of claims process by as much as 30%

North-America is expected to hold a significant share in the IoT Insurance market due to growing awareness and faster adoption of IoT technology.

IoT Insurance Market Segment Analysis - By Type

The most important type of insurances are life insurance and health insurance which accounted for 44% share combined in 2020. Life insurance is something that pays out a sum of money either on the death of the insured person or after a set period. On the other hand health insurance covers the cost of hospitalization, visits to the doctor’s office and prescription medicines. The rising usage of digital technologies in this sector will drive market growth.

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IoT Insurance Market Segment Analysis - By Application

IoT insurance is applicable to almost all industries like automobile, manufacturing, agriculture, healthcare, hospitality, retail, finance, transportation and smart homes and buildings. Automotive industry is one of the industries most benefited after introduction of IoT. IoT devices such as in-car sensors, smartphones, and smart appliances can send insurers data on product usage and driving habits among other behaviours. In turn, this data will be fed into AI algorithms that allow insurers to offer risk based pricing and other popular services.

IoT Insurance Market Segment Analysis – By Geography

North America held the largest market share at 35% in 2020 among regional markets due to increasing awareness and rapid implementation of IoT in various industries in countries in this region. In addition, rising use of smart devices which deliver real-time insights to allow insurance companies in this region develop advanced insurance solutions. And also presence of international players in this region such as Google LLC, Microsoft Corporation, IBM and other drives the market in this region.

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Iot Insurance Market Drivers

Mitigation of risk

In traditional method, insurers have used proxy data to identify the risk of loss for an asset. Internet of things (IoT) gives insurers access to real-time, individual, observable data on an asset’s risk of loss. This data is directly actionable for risk pricing and mitigation. IoT sensors monitor the behavior and actions which are causative of risk so that insurers can create algorithms based on observed behavior directly to pricing models. In this way insurers can similarly leverage this data for risk mitigation by providing timely and specific feedback to customers.

Rising demand for cloud services

The insurance industries dealing with huge volumes of sensitive data and documents are ready to integrate cloud technology in to their digital eco system. It enables insurers to use their IT resources more efficiently, reducing the cost of acquiring and maintaining infrastructure. Cloud based applications change the way of creating and delivering their products and services, managing risks and claims, collaborating with channel members and partners and communicating with customers, agents and brokers. Thus, cloud services in the insurance industry helps drive the market growth.

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Iot Insurance Market Challenges

Data privacy and security

Data privacy and security is utmost important when it comes to technology. IoT comes along with cyber-risks, in fact, much more than any other technology. Meaningful customer engagement would require the insurer to collect and process data at each point, facilitated by IoT. Without establishing the trust it would be difficult to obtain personal data from customers. A significant amount of data is generated from the application of connected devices from wearable devices to connected homes and telematics devices in smart vehicles. Most of the customers are skeptical about their personal data remains secured and how it is utilized by insurers.

Iot Insurance Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Iot Insurance market. The Iot Insurance market is dominated by major companies such IBM Corporation, SAP SE, Oracle Corporation, Google Inc., Microsoft Corporation, Cisco Systems Inc., Accenture PLC, Verisk Analytics Inc., Concirrus, LexisNexis.

Acquisitions/Technology Launches/Partnerships

In Oct 2020, LexisNexis and Yonomi Smart Home have joined forces to develop an innovative turnkey home insurance internet of things (IoT) solution. It includes a smartphone app that participating policy holders can download the app which uses smartphone and device sensors to find common IoT devices in the home, which creates a data feed to LexisNexis risk sloutions.

In May 2019, Concirrus and willis Re, has entered in to strategic partnership to transform speciality re-insurance products by leveraging data from internet of things (IoT).

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Material Informatics Market Future Trends to Look at | BIS Research 

Material Informatics is the interdisciplinary field that combines materials science with data science, machine learning, and informatics to accelerate the discovery, design, development, and optimization of materials.

The Material Informatics Market  was valued at $88.26 billion in 2022, and it is expected to grow at a CAGR of 8.03% and reach $199.71 billion by 2032

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Material Informatics  Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

Material Informatics Overview  

Material informatics is a rapidly emerging field at the intersection of materials science, data science, and artificial intelligence. Its primary objective is to accelerate the discovery, design, and optimization of materials by leveraging advanced computational tools and data-driven approaches.

The core concept of material informatics is to treat materials and their characteristics as data. By analyzing vast amounts of material-related data—such as chemical compositions, structural properties, and performance metrics—researchers can identify patterns, correlations, and trends that would be difficult or impossible to detect through traditional experimentation alone.

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Key Techniques 

Machine Learning 

Data Mining 

Open Quantum Material Database 

Market Segmentation 

By Application 

By Material Types 

By Technique 

By Region 

Market Drivers 

Increased demand for advanced materials 

Reduction in Research and Development Cost 

Faster time to market 

Growth in High Performance Computing 

Personalization and Customization in manufacturing 

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Key Companies 

AI Materia

Citrine Informatics

Materials Zone Ltd.

MaterialsDesign

Tilde Materials Informatics

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Conclusion

Material informatics is transforming the traditional materials discovery process by integrating data science, machine learning, and computational techniques into materials research. This data-driven approach enables faster, more cost-effective, and efficient exploration of the material space, drastically reducing the reliance on trial-and-error experimentation. 

In conclusion, material informatics is not just an incremental improvement to materials research but a paradigm shift that is revolutionizing how new materials are discovered, optimized, and applied in real-world technologies.

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Powder Coatings Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The powder coatings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Powder Coatings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The powder coatings market size has grown strongly in recent years. It will grow from $19.06 billion in 2023 to $20.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to durability and corrosion resistance, industrial and manufacturing applications, automotive industry, architectural and building materials.

The powder coatings market size is expected to see strong growth in the next few years. It will grow to $26.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to sustainability and low environmental impact, renewable energy infrastructure, automotive sector expansion, customized and functional coatings. Major trends in the forecast period include technological advancements, smart coatings, nanotechnology integration, bio-based powder coatings.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing demand for the construction sector is expected to propel the growth of the powder coatings market going forward. The construction sector, also known as the construction industry, encompasses a broad range of activities related to the planning, design, construction, renovation, and maintenance of physical structures and infrastructure. Powder coatings are commonly used on architectural elements such as aluminium and steel window frames, doors, railings, and curtain wall systems. They provide a durable, weather-resistant, and attractive finish that enhances the aesthetics of buildings. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the increasing demand for the construction sector is driving the growth of the powder coatings market.

The powder coatings market covered in this report is segmented –

1) By Type: Thermoset, Thermoplastic 2) By Coating Method: Electrostatic Spray, Fluidized Bed 3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications

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Regional Insights - Asia-Pacific was the largest region in the powder coatings market in 2023. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Companies - Major companies operating in the powder coatings market include AkzoNobel NV, PPG Industries Inc., Sherwin-Williams Company, BASF SE, Axalta Coating Systems Ltd., Kansai Nerolac Paints Limited , Jotun Group, IFS Coatings, Valspar Corporation, Asian Paints Ltd., RPM International Inc., Dulux Powder & Industrial Coating, DuPont de Nemours, Inc., Somar Corporation, Protech Group, Nippon Paint Co. Ltd., Evonik Industries AG, Berger Paints Limited, IGP Pulvertechnik AG, TIGER Coatings GmbH & Co. KG, Cloverdale Paint Inc., Vogel Paint Inc., Hentzen Coating Inc., Alpha Coating Technologies Inc., Ferro arte de mexico sa de cv, TCI Powder Coatings, Prismatic Powders, Precision Coatings Inc., S&B Finishing Co. Inc., Rohner Powder Coating, Pro Powder & Paint Inc., Premier Powder Coating Ltd., Rite-Way Powder Coating Inc., Reliant Finishing Systems

Table of Contents 1. Executive Summary 2. Powder Coatings Market Report Structure 3. Powder Coatings Market Trends And Strategies 4. Powder Coatings Market – Macro Economic Scenario 5. Powder Coatings Market Size And Growth ….. 27. Powder Coatings Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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Recombinant Chemicals Market Overview: Expanding at a 7.8% CAGR by 2034

Recombinant chemicals are produced using recombinant DNA technology, where organisms like bacteria, yeast, or mammalian cells are genetically engineered to produce specific chemicals. These products are widely used in various industries, including pharmaceuticals, biotechnology, agriculture, and environmental services, offering improved efficiency, sustainability, and customization over traditional chemical production methods.

The demand for recombinant chemicals has surged due to their ability to create high-purity products with lower environmental impact. These chemicals are critical in drug development, diagnostic testing, and agricultural biotechnology, among other applications. With the growing focus on environmental sustainability and the development of personalized medicine, the recombinant chemicals market is expected to experience significant growth during the forecast period.

Market Size and Growth

The global recombinant chemicals industry, valued at US$ 2.9 billion in 2023, is projected to grow at a CAGR of 7.8% from 2024 to 2034, reaching US$ 6.7 billion by the end of 2034.This growth is driven by increasing demand for biotechnological advancements, the rise of green chemistry, and expanding applications in sectors such as healthcare, food production, and industrial biotechnology.

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Market Segmentation

The recombinant chemicals market is segmented based on various factors such as service type, sourcing type, application, industry vertical, and region.

By Service Type:

Production Services: Encompassing custom chemical production and contract manufacturing.

Research and Development Services: Services aimed at developing novel recombinant chemicals for different industries.

By Sourcing Type:

In-house Production: Recombinant chemicals produced within organizations using proprietary techniques.

Outsourced Production: Companies outsourcing production to contract manufacturers or third-party labs.

By Application:

Pharmaceuticals and Biotechnology: Used in drug development, therapeutic proteins, and vaccines.

Agriculture: For genetically modified crops and biopesticides.

Food and Beverages: Enzymes for food processing.

Industrial Biotechnology: Chemicals for bio-based production of industrial products.

By Industry Vertical:

Healthcare

Agriculture

Environmental Biotechnology

Food and Beverages

Energy

Industrial Manufacturing

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Regional Analysis

North America: Dominates the recombinant chemicals market due to the presence of leading biotechnology firms and advanced healthcare infrastructure. The U.S. and Canada are key markets, driven by significant investments in research and development (R&D) and a robust regulatory framework that encourages innovation.

Europe: Europe ranks second, with Germany, the UK, and France leading the region. Strong government support for biotechnology research and a growing emphasis on sustainable chemical production are key growth drivers.

Asia-Pacific: The fastest-growing region due to expanding pharmaceutical and biotechnology industries in countries like China, India, and Japan. The region benefits from cost-effective production, large talent pools, and increasing adoption of advanced biotechnology in agriculture and healthcare.

Latin America and the Middle East & Africa: These regions are expected to witness moderate growth due to increasing investments in biotechnology infrastructure and growing demand for bio-based products.

Market Drivers and Challenges

Market Drivers:

Growing Demand for Biopharmaceuticals: Recombinant chemicals are widely used in drug discovery and production, with increasing demand for therapeutic proteins, vaccines, and personalized medicines driving market growth.

Environmental Sustainability: Recombinant chemicals offer a more sustainable alternative to traditional chemical synthesis, reducing the environmental impact and waste associated with chemical production.

Technological Advancements: Innovations in genetic engineering and bioprocessing technologies are making recombinant chemical production more efficient and scalable.

Challenges:

High Production Costs: The production of recombinant chemicals involves complex processes and advanced technologies, which can drive up costs, limiting the market's accessibility, particularly in developing economies.

Regulatory Hurdles: Strict regulatory frameworks for genetically modified organisms (GMOs) and recombinant chemicals can slow market growth, especially in countries with stringent regulations.

Market Trends

Rise of Green Chemistry: Increasing focus on sustainable and eco-friendly solutions is pushing the recombinant chemicals market toward green chemistry, where biotechnology is used to develop bio-based and biodegradable chemicals.

Advancements in Genetic Engineering: Continuous improvements in gene editing tools like CRISPR are enabling more precise and efficient production of recombinant chemicals, leading to higher-quality products and expanded applications.

Integration with Artificial Intelligence (AI): AI-driven drug discovery and process optimization are increasingly being integrated into recombinant chemical production, improving efficiency and reducing time-to-market for new products.

Future Outlook

The recombinant chemicals market is set for transformative growth over the next decade. Increasing investment in biotechnology, growing awareness of environmental sustainability, and expanding applications across various industries will drive the market forward. However, addressing challenges such as production costs and regulatory complexities will be essential for maintaining sustainable growth.

The pharmaceutical and biotechnology sectors will remain major growth contributors, especially with the ongoing development of biopharmaceuticals and personalized medicine. The agriculture sector is also expected to witness significant advancements as genetically modified crops and bio-based fertilizers become more prevalent.

Key Market Study Points

Assessing the impact of technological advancements in genetic engineering on recombinant chemical production.

Evaluating the role of government policies and funding in supporting market growth.

Analyzing the competitive landscape, including key market players and their strategic initiatives.

Understanding consumer demand for sustainable and eco-friendly chemicals across industries.

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Competitive Landscape

Key players in the recombinant chemicals market include Merck KGaA, Thermo Fisher Scientific, Lonza Group, GenScript Biotech, and Agilent Technologies. These companies are investing heavily in R&D to expand their product portfolios and improve production efficiencies. Strategic partnerships, acquisitions, and collaborations with biotech firms are common strategies to strengthen market positioning.

Recent Developments

July 2024: Merck KGaA announced a partnership with a leading biotech firm to develop next-generation recombinant enzymes for industrial applications.

August 2024: Thermo Fisher Scientific expanded its recombinant protein production facilities in Asia-Pacific to cater to the growing demand in the region.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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[health-views-updates]

The Gene Synthesis Market in the Next Decade: Trends and Insights

The global gene synthesis market, valued at USD 2.28 billion in 2023, is projected to expand significantly, reaching USD 9.64 billion by 2032. This rapid growth reflects a compound annual growth rate (CAGR) of 17.41% over the forecast period from 2024 to 2032, driven by advancements in biotechnology and a growing need for customized genes for various applications.

Gene synthesis, a process by which artificial genes are designed and assembled in laboratories, is revolutionizing industries from pharmaceuticals to agriculture. The growing demand for innovative therapies, improved agricultural products, and industrial biotechnology solutions is propelling the market for synthetic genes.

Key Market Drivers

Advancements in Drug Discovery and Development The pharmaceutical industry is one of the largest consumers of gene synthesis services. With the growing focus on precision medicine and the development of gene-based therapies, the need for custom gene sequences has risen dramatically. Gene synthesis is playing a critical role in the discovery of new drugs, the development of biologics, and the creation of innovative therapies for various genetic disorders, cancers, and infectious diseases.

Expanding Applications in Agriculture In agriculture, gene synthesis is being used to create genetically modified organisms (GMOs) that can enhance crop yields, improve resistance to pests and diseases, and increase tolerance to environmental stress. As the global population grows and demand for sustainable agriculture intensifies, gene synthesis offers a pathway to develop more resilient and productive crops, reducing reliance on chemical pesticides and fertilizers.

Growth in Synthetic Biology Synthetic biology, an interdisciplinary field that combines biology and engineering, is transforming industries by allowing the creation of new biological parts, systems, and devices. Gene synthesis is a foundational tool in synthetic biology, enabling scientists to design and assemble genes with specific functions. From developing biofuels to creating sustainable chemicals, synthetic biology applications are driving demand for gene synthesis services.

Rising Demand for Personalized Medicine The rise of personalized medicine, which tailors treatments to individual patients based on their genetic makeup, is contributing to the growth of the gene synthesis market. Custom-designed genes are being used to develop patient-specific therapies, particularly in oncology and rare genetic disorders. As gene editing technologies such as CRISPR become more widespread, gene synthesis will play a key role in developing personalized treatments.

Decreasing Costs and Increased Efficiency Technological advancements have significantly reduced the cost of gene synthesis, making it more accessible to researchers and companies. The introduction of high-throughput synthesis platforms has improved the speed and efficiency of producing synthetic genes, further fueling market growth. This reduction in cost is enabling smaller biotechnology firms and academic institutions to take advantage of gene synthesis technologies.

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Market Segmentation

The global gene synthesis market is segmented based on product type, application, end user, and region.

By Product Type:

Gene Fragments Gene fragments, which are smaller, partial gene sequences, are commonly used in applications such as DNA cloning and PCR (polymerase chain reaction). These short, customized sequences allow researchers to test and modify genes efficiently, contributing to their widespread use in laboratories.

Complete Genes Complete synthetic genes are in high demand for various research and therapeutic applications. From creating new proteins to developing cell therapies, full-length synthetic genes enable researchers to conduct a wide range of experiments and tests.

Custom Gene Synthesis Services Custom gene synthesis services allow customers to design and order gene sequences that meet their specific requirements. These services are essential for pharmaceutical companies, academic researchers, and biotechnology firms that need precise genetic sequences for their projects.

By Application:

Drug Discovery and Development The pharmaceutical sector remains the largest application area for gene synthesis, using synthetic genes to identify drug targets, develop biologics, and create therapeutic interventions for genetic disorders and cancer.

Agriculture and Biotechnology In agriculture, gene synthesis is being employed to create genetically modified plants with improved traits, while in industrial biotechnology, synthetic genes are used to develop enzymes and bio-based chemicals.

Diagnostics and Therapeutics Gene synthesis is also used in the development of diagnostics tools and therapeutics, including gene therapies, which target specific genetic mutations.

By End User:

Pharmaceutical and Biotechnology Companies Pharmaceutical and biotechnology companies are the primary end-users of gene synthesis services, utilizing synthetic genes in drug development, biologics manufacturing, and personalized medicine research.

Academic and Research Institutes Academic and research institutes are leveraging gene synthesis for various research purposes, including genetic engineering, synthetic biology, and gene function studies.

Contract Research Organizations (CROs) CROs play an essential role in providing outsourced research services, including gene synthesis, to pharmaceutical and biotechnology companies. As drug discovery becomes more complex, many companies turn to CROs for efficient and cost-effective gene synthesis solutions.

Regional Analysis

North America North America leads the gene synthesis market, driven by the region’s strong biotechnology and pharmaceutical sectors. The presence of key market players, robust research and development activities, and increasing government funding for genomic research contribute to the region's dominance. The U.S. is expected to maintain its leadership position throughout the forecast period.

Europe Europe is the second-largest market for gene synthesis, with significant contributions from countries like Germany, the U.K., and France. The region’s focus on personalized medicine and synthetic biology is driving the demand for gene synthesis services. European initiatives aimed at improving healthcare infrastructure and promoting innovation in biotechnology are further fueling market growth.

Asia-Pacific The Asia-Pacific region is projected to experience the fastest growth in the gene synthesis market, driven by increasing investments in biotechnology research, a growing pharmaceutical industry, and government initiatives to promote synthetic biology. Countries like China, Japan, and India are emerging as key players in the market, offering substantial opportunities for growth.

Key Market Players

The global gene synthesis market features several prominent players, including:

Thermo Fisher Scientific Inc. As a global leader in the life sciences industry, Thermo Fisher provides gene synthesis services and products to researchers worldwide, supporting drug development, diagnostics, and synthetic biology applications.

GenScript Biotech Corporation GenScript is a leading provider of gene synthesis services, offering high-quality synthetic genes for research and industrial applications.

Integrated DNA Technologies (IDT) IDT is known for its advanced gene synthesis solutions, serving customers in pharmaceuticals, biotechnology, and academia.

Twist Bioscience Corporation Twist Bioscience specializes in high-throughput gene synthesis, enabling the rapid production of synthetic genes for drug discovery, diagnostics, and industrial biotechnology.

Future Outlook

The gene synthesis market is poised for remarkable growth over the next decade, fueled by advancements in synthetic biology, personalized medicine, and biotechnology. As technological innovations continue to lower costs and improve efficiency, gene synthesis will become increasingly accessible to a wider range of industries, driving innovation and new product development.

[umadeochake]

Hydroponic Substrate Market Supply and Manufacturers Analysis Research Report 2036

Research Nester published a report titled “Hydroponic Substrate Market: Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global hydroponic substrate market in terms of market segmentation by type, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global hydroponic substrate market is anticipated to grow with a CAGR of ~11% during the forecast period, i.e. 2023-2035. The market is segmented by type into organic and inorganic. Out of these, the inorganic segment is anticipated to garner the highest market share by 2031. The growth of the segment is attributed to high trade of rock wool which is a type of inorganic hydroponic substrate. The Observatory of Economic Complexity stated that in 2020, in 2020, rock wool was the world's 521st most traded product. This was equivalent to the value of USD 4.38 billion.

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The global hydroponic substrate market is estimated to garner a notable revenue by the end of 2031. Hydroponics farming is a preferred choice for its faster plant growth as compared to the conventional method. Also, it eliminates the need for pesticides and herbicides and any type of water can be used that can be recycled and reused, which further reduces the need for fresh water and uses less space. The recent health awareness has propelled the population to shift towards salad crops and vegetables which is expected to boost the growth of the hydroponics market during the forecast period. Furthermore, a higher yield of hydroponic crops as compared to conventional soil crops, increasing need for food security with increasing population, rising cultivation of medicinal plants, and increasing adoption of environment-friendly techniques such as farming, agriculture is some of the growth drivers of the hydroponics market.

Geographically, the global hydroponic substrate is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2031, on the back of increased demand of food grains by burgeoning population, expansion in agricultural employment, high disposable income and considerable growth in GDP.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Rise in Agriculture Industry to Drive the Market Growth

This high growth rate is attributed to the adoption of hydroponic systems for the indoor farming of vegetables. Also, the rising preference of alternative farming methods for cannabis cultivation is rapidly rising, owing to the legalization of marijuana in many countries. The negative effects of pesticides and artificial ripening agents on their health is expected to drive the demand for hydroponics, as the method eliminates the need for such products, thereby providing nutritionally superior vegetables. Low installation cost and ease of operation of these systems are also expected to boost the adoption in near future.

However, the shortage of labors coupled with low adoption rate and additional expenses in production process is expected to operate as key restraints to the growth of the global hydroponic substrate over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global hydroponic substrate market which includes company profiling of Comercial Projar, S.A. (Projar Group), ROCKWOOL International A/S, Galuku Group Limited, CANNA, Ceyhinz Link International, Inc., JB Hydroponics B.V., The Wonderful Soils Company, Hydrofarm Holdings Group, Inc., Re-Nuble, Inc., Malaysia Hydroponics, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hydroponic substrate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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About Research Nester-

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[businessindustry]

Berry Harvester Market Trends and Research, Forecast and Growth 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Berry Harvester Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Berry Harvester Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Berry Harvester Market?

The global berry harvester market size reached US$ 81.2 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 102.3 million in 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.

What are Berry Harvester?

A berry harvester is a specialized agricultural machine used to efficiently gather berries from plants. It can be self-propelled or towed and utilizes mechanisms such as vibration, suction, and mechanical brushes to gently remove and collect berries while minimizing harm to both the fruit and the plant. Essential for large-scale berry farming, these machines reduce labor costs and harvesting time compared to manual picking, making the process faster and more cost-effective for crops like strawberries, blueberries, and raspberries.

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What are the growth prospects and trends in the Berry Harvester industry?

The berry harvester market growth is driven by various factors and trends. The berry harvester market is growing as the need for efficient and cost-effective harvesting solutions in large-scale berry farming increases. With rising consumer demand for berries, farmers are turning to advanced harvesters to boost productivity and lower labor costs. Technological improvements, such as enhanced vibration systems and precise collection methods, are driving this market expansion. The focus on reducing manual labor and accelerating the harvesting process further supports the adoption of berry harvesters. As berry farming operations expand and technology continues to advance, the berry harvester market is expected to maintain its upward momentum. Hence, all these factors contribute to berry harvester market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Self-propelled berry harvesters

Tractor-mounted berry harvesters

Handheld berry harvesters

By Harvesting Mechanism:

Shakers

Strippers

Vacuum suction

By Harvesting Capacity:

Small-scale berry harvesters

Medium-scale berry harvesters

Large-scale berry harvesters

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Who are the key players operating in the industry?

The report covers the major market players including:

Oxbo International Corporation

Littau Harvester

BEI International LLC

ERO-Gerätebau GmbH

Pellenc Group

Gregoire SAS

KOKAN 500 d.o.o.

Bogaerts Greenhouse Logistics

MaqTec BV

Redekop Manufacturing Co.

Nairn Strawberry Services Ltd.

Jack Rabbit Equipment Ltd.

Double L Group, Ltd.

Simon Group Holdings

The Berry Hill Limited

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

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[ashimbisresearch]

Global Agriculture Customer Segmentation Market: Transforming the Future of Agribusiness | BIS Research

The agriculture customer segmentation market is emerging as a pivotal tool for agribusinesses, enabling companies to more effectively target specific groups of farmers, distributors, and consumers based on their unique needs, behaviors, and preferences. By understanding customer segmentation, agribusinesses can tailor their products, services, and marketing strategies to optimize their reach and improve outcomes.

Understanding Agriculture Customer Segmentation

"Customer Segmentation" refers to the process of dividing a broad customer base into distinct groups based on certain characteristics, such as buying behavior, demographics, geographic location, and psychographic data. In the agricultural context, this can mean classifying farmers by their crop types, farming practices, land size, or technology adoption rates. It can also apply to segmenting customers based on market channels, such as those who prefer to buy through traditional distributors versus those who prefer online platforms.

Key segments in the agricultural sector include:

Smallholder Farmers

Commercial Farmers

Sustainable or Organic Farmers

Input Distributors

Technology Adopters

Global Market Dynamics

Several factors are driving the growth of the agriculture customer segmentation market:

Growing Demand for Personalization:

Agribusinesses are becoming more customer-centric, increasing the need for personalized products and services.

Farmers and distributors have distinct needs based on farm size, crops, location, and market challenges.

Customer segmentation helps companies offer tailored solutions to meet these specific needs.

Technological Advancements:

Data analytics, AI, and ML are enabling companies to collect and analyze large amounts of customer data.

These technologies help identify patterns within customer segments, improving targeting and resource allocation.

Increased Competition in Agribusiness:

The agriculture industry is becoming more competitive, with more companies offering innovative products.

Agribusinesses use customer segmentation to differentiate themselves and provide specialized services aligned with the specific needs of each customer group.

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Rise of Sustainable Agriculture:

Sustainability is a key trend in agriculture, with varying preferences for eco-friendly and sustainable products.

Customer segmentation helps companies target those seeking organic inputs and sustainable crop management practices.

Digital Transformation of Agriculture:

The digitalization of agriculture is increasing the demand for smart, efficient farming solutions.

Segmentation identifies and targets customers who are open to adopting digital tools such as farm management software, remote sensing, and automated machinery.

Applications of Customer Segmentation in Agriculture

Customer segmentation can be applied across various aspects of the agricultural value chain, from input supply to product marketing and farm management services.

Targeted Marketing and Sales: Agribusinesses can use segmentation to refine their marketing and sales efforts by delivering personalized messages and promotions to specific customer groups. For example, companies can develop marketing campaigns specifically for smallholder farmers in developing countries, emphasizing affordability and ease of use. At the same time, they can offer advanced technology packages for large-scale, commercial farmers in developed regions.

Product Development and Innovation: By understanding the needs of different customer segments, agribusinesses can design and develop products that better align with those needs. This may involve creating input products, such as seeds, fertilizers, and equipment, tailored for different crops or farming practices. Similarly, technology developers can design digital solutions that cater to various levels of farm management complexity, from basic software for small-scale farms to advanced precision agriculture systems for large commercial operations.

Optimizing Supply Chain Management: Customer segmentation can help agribusinesses streamline their supply chains by aligning distribution strategies with the unique requirements of different customer groups. For example, companies might develop separate supply chain models for regions with differing levels of infrastructure or connectivity. Segmentation also allows companies to optimize inventory management by predicting demand patterns based on customer profiles.

Enhancing Customer Relationships: Segmenting customers enables agribusinesses to develop stronger relationships with their clients by offering personalized services and support. This could include targeted educational programs, training sessions, and advisory services tailored to the needs of specific farming communities. For instance, companies can provide specialized guidance on precision agriculture to technologically advanced farmers while offering hands-on support to those just beginning their digital transformation journey.

Get more detailed insights on Agriculture Market Research Reports.

Challenges in the Agriculture Customer Segmentation Market

Data Collection and Management:

Collecting and managing data for accurate customer segmentation is challenging, especially for smallholder farms in developing regions lacking digital tools.

Data privacy concerns and regulatory restrictions further complicate efforts to gather customer information.

Diversity of Farming Practices:

Farming practices vary widely, even within the same region, complicating the creation of consistent customer segments.

Differences in farm size, crop types, and technology adoption require nuanced and customized segmentation strategies.

High Costs of Implementation:

Implementing effective customer segmentation strategies involves substantial investments in data analytics, technology, and human resources.

Smaller agribusinesses may struggle with these costs, making segmentation efforts financially challenging.

Future Market Prospects

As the agriculture industry continues to evolve, customer segmentation will become an increasingly valuable tool for agribusinesses. Several trends are expected to shape the future of the agriculture customer segmentation market:

AI-Driven Segmentation

Integration with Digital Agriculture Platforms

Expansion into Emerging Markets

Focus on Sustainability and Regenerative Agriculture

Talk to our Analyst to get a deeper insight of the market

Conclusion

The agriculture customer segmentation industry is playing an essential role in transforming how agribusinesses engage with farmers, distributors, and consumers. By leveraging customer segmentation, companies can develop more targeted marketing strategies, create innovative products, optimize supply chains, and strengthen relationships with their customers. As technological advancements continue and the demand for personalized agricultural solutions grows, customer segmentation will become an even more integral part of the industry’s future.

[kathansky]

Genomics Market Global Size, Share, Growth | 2024-2031

Leading market research firm SkyQuest Technology Group recently released a study titled 'Genomics Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Genomics report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Genomics Market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth rates, pricing, and scenarios for recent industry analysis.

The research analysis on the global Genomics Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Genomics Market circumstances in the forecast period between 2024 and 2031. The global Genomics Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements. Market Growth The Genomics Market has experienced robust growth over the past decade and is projected to continue expanding. Genomics Market size was valued at USD 27.81 Billion in 2022 and is poised to grow from USD 33.25 Billion in 2023 to USD 411.35 Billion by 2031, growing at a CAGR of 19.4% in the forecast period (2024-2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.

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Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR): The Genomics Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.

Product & Service

Consumables and Reagents, Services, Instruments, Systems, and Software

Technology

Sequencing, PCR, Flow Cytometry, Microarrays, and Other Technologies

End Use

Government and Academic Institutes, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Others

Application

Drug Discovery & Development, Diagnostics, Agriculture & Animal Research, Other Applications

Study Type

Functional Genomics, Biomarker Discovery, Pathway Analysis, Epigenomics, and Other Study Types

Regional Analysis: On the basis of region, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The Genomics Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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Following are the players analyzed in the report:

Illumina, Inc. (US) 

Thermo Fisher Scientific (US) 

Qiagen N.V. (Netherlands) 

BGI Group (China) 

F. Hoffmann-La Roche AG (Switzerland) 

Danaher Corporation (US) 

Pacific Biosciences of California, Inc. (US) 

Oxford Nanopore Technologies, Ltd. (United Kingdom) 

Agilent Technologies, Inc. (US) 

Eurofins Scientific SE (Luxembourg) 

Bio-Rad Laboratories, Inc. (US) 

Myriad Genetics, Inc. (US) 

Fluidigm Corporation (US) 

PerkinElmer, Inc. (US) 

Twist Bioscience Corporation (US) 

Natera, Inc. (US) 

Veracyte, Inc. (US) 

Personalis, Inc. (US) 

10x Genomics, Inc. (US) 

Quest Diagnostics (US)

Regional Analysis 1. North America: - The United States and Canada dominate the North American Genomics Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Genomics consumption. 2. Europe: - Europe is a significant player, with major Genomics Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector. 3. Asia-Pacific: - This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Genomics manufacturing capabilities contribute to this growth. 4. Latin America: - Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications. 5. Middle East and Africa: - The Genomics Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions. Future Outlook The Genomics Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.

Buy your full report: https://www.skyquestt.com/buy-now/genomics-market 

[tamanna31]

Private 5G Network 2024 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030

Private 5G Network Industry Overview

The global private 5G network market size was estimated at USD 2.00 billion in 2023 and is expected to grow at a CAGR of 54.1% from 2024 to 2030.

Private 5G networks offer businesses and governments dedicated, secure, and high-performance connectivity. This allows them to connect to more devices, improve automation, and deliver better customer experiences. These benefits are driving the adoption of private 5G networks in various industries, including smart cities that rely on private 5G for applications such as traffic management and security, among others.

Gather more insights about the market drivers, restrains and growth of the Private 5G Network Market

Cellular technology, in the form of private 5G networks, is being used by businesses, organizations, and local governments across various industries. These industries include manufacturing, utilities, transportation, logistics, retail, agriculture, and those involved in smart city initiatives. The benefits of private 5G networks, such as ultra-fast speeds, improved security, cost efficiency, reliability, prioritized network access, and extended range compared to Wi-Fi, are driving their adoption across these industries. Thus, various benefits provided by private 5G networks are contributing to the overall market growth.

As an increasing number of devices and enterprises connect to the internet, enterprises may face low coverage and security issues due to network bottlenecks. Private 5G networks solve these issues by providing network connectivity in a dedicated space, providing enhanced security, improved connectivity, and improved automation with lower latency. These benefits can help enterprises deliver enhanced customer experience. Furthermore, private 5G networks support technologically advanced applications, including machine control systems, wireless UHD cameras, collaborative/cloud robots, and remote asset monitoring, which is driving the adoption of private 5G networks.

The rapidly growing smart cities in developed countries such as the U.S., Canada, Singapore, the UK, Germany, Italy, and France have surged the deployment of IoT devices for several applications. These applications mainly include transportation, public safety and security, and energy management, among others. To provide unified and secured connectivity for these mission-critical applications, several telecom providers are launching innovative private 5G network solutions. Continuous innovation is creating significant growth opportunities for the market.

Despite the high growth potential of the market, the deployment and implementation of a private 5G network is a tedious and highly expensive process. As the number of 5G users and network traffic increases in the near future, the need for standalone 5G infrastructure will become necessary. Building and maintaining a private 5G network can be expensive and requires significant investment in infrastructure and equipment, which is acting as a hindrance to market growth. However, key telecom operators are taking strategic initiatives and are investing in infrastructure, and research & development, which is expected to diminish this market challenge.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global digital radar market size was estimated at USD 5.25 billion in 2023 and is expected to grow at a CAGR of 17.6% from 2024 to 2030.

• The global online trading platform market size was estimated at USD 9.57 billion in 2023 and is expected to expand at a CAGR of 7.3% from 2024 to 2030.

Key Private 5G Network Company Insights

Some of the established players operating in the market include TELEFONAKTIEBOLAGET LM ERICSSON, HUAWEI TECHNOLOGIES CO., LTD., Deutsche Telekom, Nokia Corporation, Samsung Electronics Co., Ltd., and Cisco Systems, Inc. among others.

Telefonaktiebolaget LM Ericsson provides information and communication technology (ICT) services, including 5G and IoT-powered networks, managed services, digital services, and others to service providers across the globe. These services form the operating segments of the company and are based on the company’s customer needs. The company is taking strategic initiatives regarding new product deployments and geographical expansion of its facilities across the globe.

Nokia Corporation is a mobile and fixed network infrastructure provider that combines software, hardware, and services. The company is also engaged in the deployment of 5G networks. The company operates through three reportable segments: networks, Nokia software, and Nokia technologies. Through the Nokia Software segment, the company focuses on 5G, digital, automation, and portfolio integration platforms. Nokia Corporation is among the leading players with a vast product portfolio and strong global presence.

Key Private 5G Network Companies:

The following are the leading companies in the private 5G network market. These companies collectively hold the largest market share and dictate industry trends

Telefonaktiebolaget LM Ericsson

Nokia Corporation

Samsung Electronics Co., Ltd.

ZTE Corporation

Deutsche Telekom Group

AT&T Inc.

Juniper Networks, Inc.

Verizon Communications

Altiostar

HUAWEI TECHNOLOGIES CO., LTD.

Mavenir

T-Systems International GmbH

Cisco Systems, Inc.

Vodafone Group Plc

BT Group

Recent Developments

In March 2024, SoftBank Corp. announced the service launch of its Private 5G (dedicated type). This service allows local governments, organizations, and other enterprises to build 5G customized networks on their premises with a dedicated base station. The service is optimal for customers who require low latency and advanced network solutions, making it suitable for smart factory applications.

In December 2023, Telefonaktiebolaget LM Ericsson announced its partnership with Orange. The collaboration aims to offer B2B customers the opportunity to deploy their own private 5G network.

In September 2023, Deutsche Telekom announced the launch of its new private 5G network solution, the ‘Campus Network Smart.’ The solution, launched in partnership with Microsoft Corporation, is part of Deutsche Telekom’s strong 5G private network portfolio. The Campus Network Smart solution is cloud-based, scalable, and incorporates a pay-as-you-grow model

Order a free sample PDF of the Private 5G Network Market Intelligence Study, published by Grand View Research.

[strangemusictriumph]

Induction Motor Market - Forecast(2022 - 2027)

Induction Motor Market Size is forecast to reach $54.2 billion by 2026, at a CAGR of 6.5% during 2021-2026. An induction motor is an AC electric motor in which torque is produced by the reaction between a varying magnetic field generated in the stator and the current induced in the coils of the rotor. It is used in a majority of machinery, as it is more powerful and eco-friendly compared to the conventional motors in the market. North America has significant share in global induction motor market due to a developed usage of an induction motor in the significant industrial manufacturing, aerospace & defense, and automotive companies. In addition to the growing preference for electric vehicles in the U.S. is also stimulating the growth in North America.

Report Coverage

The report: “Induction Motor Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Induction Motor market

By Rotor Type: Inner Rotor, Outer Rotor

By Type: Single Phase, Three Phase

By Efficiency Class: IE1, IE2, IE3, IE4

By Voltage: Upto 1KV, 1-6.6 KV, Above 6.6KV

By Vertical: Industrial, Commercial, Residential, Agriculture, Automotive and Others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market in APAC.

The inner rotor segment is growing at a significant CAGR rate of 7.1% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding. 

Automotive sector is expected to witness a highest CAGR of 8.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on. 

Induction Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Induction Motor Market Segment Analysis - By Rotor Type

Three Phase segment is growing at a significant CAGR of 11.1%

 in the forecast period. A three phase induction motor is a type of AC induction motors which operates on three phase supply. These three phase induction motors are widely used AC motor to produce mechanical power in industrial applications. Almost 70% of the machinery in industrial applications uses three-phase induction motors, as they are cost-effective, robust, maintenance-free, and can operate in any environmental condition. Moreover, induction motors are the most used in industry since they are rugged, inexpensive, and are maintenance free. In addition they are widely used in the mining metals and cement, automotive, oil and gas, healthcare, manufacturing industries and so on. Increase awareness of environmental protection across industries also contributes to the growth of three phase induction motors, as they have a low emission rate. Moreover, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the three phase induction motor in industrial application. Furthermore, the advent of Industry 4.0 and technological advancements enables a wide adoption base for the three phase induction motors. In 2019, Oriental Motor USA introduced their latest high efficiency three-phase AC induction motors equipped with a terminal box and a high strength right-angle hypoid gearhead, these new three-phase motors have the capacity of two new wattages of 30W and 40W and expands the KIIS Series Standard AC motors product line-up. 

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Induction Motor Market Segment Analysis - By Vertical 

Automotive sector is expected to witness a highest CAGR of 8.9% in the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favorable government policies in countries such as India, China and so on. In addition, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the induction motor in industrial application. Furthermore, the advent of Industry 4.0 enables a wide adoption base for the induction motors. Moreover, growing number of product launches by major manufacturers will drive the market growth in the forecast period. In September 2019, Motor and drive manufacturer WEG released the M Mining series of slip-ring induction motors which are designed especially for use in the dusty environments of iron ore operations and the cement sector. In July 2019, Ward Leonard launched 2000 HP induction motor WL29BC200 which is designed tote into a package of 15000 HP for the oil and gas industry. In September 2019, Tata Motors launched Tigor EV for private buyers as well as cab aggregators and EESL staff. he Tata Tigor electric uses a 72 V, 3-Phase Induction motor

Induction Motor Market Segment Analysis - By Geography 

Induction Motor market in Asia-Pacific region held significant market share of 38.5% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market. In addition advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Induction Motor Market Drivers 

Robust Structure of Motor

The rough physical structure of the motor is predicted to be a major driving factor for the growth of the induction motor market. Induction motor are robust in nature and can be operated in any climatic conditions. Moreover, the absence of slip rings and brushes in the motor induction eliminates the chances of sparks, which makes the operation safe even in the most explosive working conditions. In addition, induction motor is cost effective, highly reliable and the maintenance is very less, which is expected to propel the growth of the induction motor market in the forecast period 2021-2026.

Rise in Production of Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favourable government policies and support in terms of subsidies and grants, tax rebates. As induction motors especially three phase are widely used in electric vehicles because of high efficiency, good speed regulation and absence of commutators is analysed to drive the market growth. In addition these motor also serves as an alternative of a permanent magnet in the electric vehicles. Hence rise in production of electric vehicles is analysed to drive the market. In 2019, Ford has invested $1.45 billion in Detroit plants in U.S., to make electric, autonomous and sports utility vehicles, which is mainly aimed to increase the production of the vehicles thereby impacting on the high procurement of the induction motors.  In 2019, Toyota announced plans to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the electric and hybrid vehicles. In 2020, General Motors had committed boost its electric vehicle production by investing more than $7 billion. Moreover governments of several countries have been investing heavily for the development of electric vehicles. In 2019 German government has committed to invest more than $3 billion to expand electric car market growth in the region. Hence these investments and developments are analysed to be the key drivers for the growth of the electric vehicle market and thereby the growth of induction motor market during the forecast period 2021-2026.

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Induction Motor Market Challenges

Easy availability of low-quality Induction Motors

The market for Induction Motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of Induction Motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality Induction Motors. This acts as a key challenge for the growth of the market.

Induction Motor Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Induction Motor market. Induction Motor top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Toshiba Corp., Hitachi Ltd., Nidec Corporation, ARC Systems Inc., among others.

Acquisitions/Product Launches

In 2021 BorgWarner launched HVH 320 Induction Motors in four variants. They are offered to light-duty passenger cars and heavy-duty commercial vehicles.

In 2020, ABB has launched new range of low voltage IEC induction motors, which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership.

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Agricultural Biotechnology Market: Revolutionizing Crop Production and Sustainability

The Agricultural Biotechnology market is at the forefront of transforming global agriculture by enhancing crop yields, improving resistance to pests and diseases, and promoting sustainability. As the demand for food security and sustainable farming practices increases, the agricultural biotechnology market is experiencing significant growth. This article delves into the latest trends, market segmentation, key growth drivers, and leading companies in the agricultural biotechnology industry, offering essential insights for decision-makers.

Market Overview

According to SkyQuest’s Agricultural Biotechnology Market report, the market is currently valued at USD XX, with a projected CAGR of XX%. The growth of this market is driven by advancements in genetic engineering, increasing adoption of biotech crops, and the need for sustainable agricultural practices.

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Market Segmentation

By Product Type:

Transgenic Seeds: Includes genetically modified seeds for crops like corn, soybeans, cotton, and others, designed for higher yields and resistance to pests.

Biopesticides: Natural or genetically engineered pesticides offering an eco-friendly alternative to chemical pesticides.

Biofertilizers: Microbial inoculants that promote plant growth and improve soil fertility.

Other Biotechnological Tools: Includes molecular markers, tissue culture, and micropropagation techniques used in crop improvement.

By Application:

Crop Protection: Utilizes biotechnology for developing pest-resistant and herbicide-tolerant crops, reducing the need for chemical inputs.

Animal Biotechnology: Focuses on improving livestock breeds, enhancing resistance to diseases, and increasing productivity.

Environmental Biotechnology: Involves bioremediation techniques to clean up contaminated soils and promote sustainable land use.

Genetically Modified Organisms (GMOs): The development of GMOs for improved crop characteristics, such as drought tolerance and enhanced nutritional content.

By End-User:

Farmers: Primary users of biotech crops and products for enhanced agricultural productivity.

Agricultural Companies: Invest in R&D and commercialization of biotech products for global markets.

Research Institutes: Focus on developing innovative biotechnology solutions for agriculture.

Government and Regulatory Bodies: Play a crucial role in the approval and regulation of biotech products.

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Key Growth Drivers

Rising Global Food Demand: Increasing population and food security concerns drive the adoption of biotech crops for higher yields.

Technological Advancements: Innovations in genetic engineering, CRISPR, and other biotechnological tools are propelling market growth.

Sustainable Farming Practices: The shift towards sustainable agriculture, with a focus on reducing chemical inputs, supports the growth of biopesticides and biofertilizers.

Government Support and Regulation: Favorable policies and regulatory frameworks encourage the development and adoption of agricultural biotechnology.

Leading Companies in the Market

SkyQuest’s report highlights several key players in the Agricultural Biotechnology market, including:

KWS SAAT SE & Co. KGaA, ChemChina, Limagrain, Nufarm, Marrone Bio Innovations, Performance Plants Inc., Corteva, ADAMA Ltd, MITSUI & CO. LTD, Evogene Ltd., Valent BioSciences LLC, Bayer AG.

Challenges and Opportunities

The agricultural biotechnology market faces challenges such as public perception and regulatory hurdles concerning GMOs. However, these challenges also present opportunities for innovation in non-GMO biotechnologies and expanding market reach in developing regions.

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Future Outlook

The Agricultural Biotechnology market is poised for continued growth as advancements in genetic engineering and increasing demand for sustainable farming practices drive market dynamics. Companies that invest in cutting-edge biotechnological tools and address global food security challenges will lead the way in this dynamic market. For comprehensive insights and strategic recommendations, consult SkyQuest’s in-depth Agricultural Biotechnology Market report.

The Agricultural Biotechnology market is revolutionizing the agriculture industry by offering innovative solutions for crop production and sustainability. Decision-makers who invest in biotechnological advancements will be at the forefront of this rapidly evolving sector. For more detailed insights and emerging trends, refer to SkyQuest's Agricultural Biotechnology Market report.