#Aquaponics Market Growth Forecast

[market-insider]

Growing Popularity of Aquaponics: Market Analysis and Forecast

The global aquaponics market size is expected to reach USD 2,294.48 million by 2030, registering a CAGR of 13.0% during the forecast period, according to a new report by Grand View Research, Inc. Aquaponics is the integration of two production systems, aquaculture, and hydroponics, into one hybrid system. Aquaculture is the production of aquatic plants and animals in a controlled environment. At the same time, hydroponics is the production of plants in soil-less cultures, such as a substrate of an aqueous medium with bare roots. Two types of agricultural produce are obtained from aquaculture, namely, fish and plants, which are obtained sustainably. Water efficiency, low wastage, high yield, improved production quality, and economical production are some of the advantages of aquaponics systems.

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The aquaponics system does not require applying chemical fertilizers and pesticides, which means the fish, vegetables, and fruits produced are completely organic. The increasing demand for organic food across the globe, especially in developed European nations and the United States, is expected to be one of the key drivers in the growth of the aquaponics industry. Adopting aquaponics enables effective optimization of resources as it utilizes 95% lesser water and 90% lesser area than traditional farming techniques. With the ever-increasing demand for food and the limitation of the available water and land resources adoption of aquaponics systems can be highly beneficial.

The demand for aquaponics equipment and components is growing from backyard growers/hobbyists, given the self-sufficient nature of the system. Aquaponics systems are being increasingly deployed for humanitarian and food security interventions. Non-governmental organizations in several developing nations such as Barbados, Botswana, Brazil, Ethiopia, Guatemala, Ghana, Haiti, Jamaica, India, Mexico, Malaysia, Nigeria, the Philippines, Thailand, Panama, and Zimbabwe are installing aquaponics systems in urban and peri-urban areas as a part of urban food security and nutrition programs. The Food and Agriculture Organization (FAO) has piloted small-scale aquaponics systems in Gaza Strip and West Bank for food and nutrition security.

The COVID-19 pandemic significantly impacted the supply chain of the aquaponics industry. The supply of aquaponics equipment and component was disrupted due to the global supply chain disruptions and the closure of the borders. However, the pandemic has shifted the focus towards alternative farming techniques such as aquaponics. Urban farming has garnered attention, and aquaponics systems are now being installed in supermarkets for direct distribution, and urban warehouses are being converted to indoor farms to supply fresh produce to local markets.

[omshinde5145]

Urban Farming Market Share, Key Market Players, Trends & Forecast, 2024–2030

The Urban Farming Market was valued at USD 1.9 billion in 2023-e and will surpass USD 2.7 billion by 2030; growing at a CAGR of 4.2% during 2024 - 2030. As the global population continues to urbanize, the urban farming market is growing rapidly, presenting new opportunities and challenges. This blog explores the factors driving the rise of urban farming, the benefits it offers, and the innovative trends shaping its future.

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. 

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The Driving Forces Behind Urban Farming

Sustainability and Environmental Concerns: With increasing awareness of climate change and environmental degradation, urban farming offers a way to reduce the carbon footprint associated with food transportation. Locally grown produce means fewer food miles and lower emissions.

Food Security: Urban areas, especially those with limited access to fresh produce, benefit from urban farming by ensuring a steady supply of nutritious food. This is particularly vital in food deserts where grocery stores are scarce.

Technological Advancements: Innovations in agriculture technology, such as hydroponics, aquaponics, and vertical farming, have made it feasible to grow crops in urban environments. These methods maximize space and resources, making urban farming more efficient and productive.

Economic Opportunities: Urban farming creates jobs and stimulates local economies. From farmers and gardeners to tech developers and marketers, the sector provides diverse employment opportunities.

Community Engagement: Urban farms often serve as community hubs, bringing people together to learn about sustainable practices, share resources, and foster a sense of belonging.

Benefits of Urban Farming

Improved Food Quality and Nutrition: Urban farms typically produce fresher and more nutrient-dense food compared to what is found in supermarkets. This is due to shorter supply chains and reduced need for preservatives.

Environmental Benefits: Urban farming can transform unused or underutilized spaces into green areas, improving air quality, reducing urban heat islands, and promoting biodiversity.

Educational Opportunities: Schools and community organizations use urban farms as living classrooms to teach children and adults about agriculture, nutrition, and environmental stewardship.

Mental and Physical Health: Gardening and farming activities provide physical exercise and mental health benefits, such as reduced stress and improved well-being.

Trends Shaping the Future of Urban Farming

Vertical Farming: By growing crops in stacked layers, vertical farming maximizes space, allowing for higher yields in smaller areas. This trend is particularly significant in densely populated cities with limited land availability.

Smart Farming Technologies: The integration of IoT (Internet of Things) devices, AI (Artificial Intelligence), and data analytics is revolutionizing urban farming. Smart sensors monitor soil moisture, nutrient levels, and plant health, optimizing growing conditions and reducing waste.

Community-Supported Agriculture (CSA): CSAs are gaining popularity as a model where consumers subscribe to receive regular shares of produce from local farms. This not only provides farmers with a stable income but also strengthens the connection between urban dwellers and their food sources.

Rooftop and Indoor Gardens: Utilizing rooftops and indoor spaces for farming is becoming more common. These gardens can be found on residential buildings, offices, and even restaurants, contributing to urban greening and sustainability.

Public Policy and Incentives: Governments and municipalities are increasingly recognizing the value of urban farming. Policies and incentives, such as grants, tax breaks, and zoning regulations, are being implemented to support and encourage the practice.

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Challenges and Considerations

While urban farming offers numerous benefits, it also faces challenges. These include limited space, high initial setup costs, regulatory hurdles, and the need for specialized knowledge and skills. Addressing these challenges requires collaboration between policymakers, businesses, and communities to create supportive environments for urban farming initiatives.

Conclusion

The Urban Farming Market is poised for significant growth as cities strive to become more sustainable and self-sufficient. By leveraging technological advancements, fostering community engagement, and implementing supportive policies, urban farming can play a crucial role in shaping the future of urban living. As more people embrace this movement, the potential to transform our cities into greener, healthier, and more resilient spaces becomes increasingly attainable.

[creativeera]

Hydroponics Market to Exhibit Substantial Growth due to Growing Popularity

The hydroponics market has witnessed significant growth in recent years owing to the rising demand for organic food crops grown without soil. Hydroponics is a method of growing plants using mineral nutrient solutions in a water solvent, instead of soil. It is often utilized in commercial indoor farming as it uses much less water than traditional agriculture and provides environmental protection benefits. Hydroponics systems are designed to deliver nutrients to plant roots using a liquid solution containing essential minerals required for plant growth such as nitrogen, phosphorus, potassium, and others. They provide optimal growing conditions and help increase crop yields per cultivation area. The global hydroponics market is estimated to be valued at US$ 538.18 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2031.

Hydroponics helps enhance productivity per cubic meter of space by growing plants closer to each other and enabling year-round harvesting through controlled environmental conditions. It also eliminates the need for pesticides and fertilizers, thereby supporting sustainable agriculture practices. The ability of hydroponics to grow crops with minimum resources and maximize space utilization is fueling its adoption over traditional farming techniques globally. Key Takeaways Key players operating in the hydroponics market are Johnson Health Tech, ICON Health & Fitness, Technogym, Precor, Nautilus, Cybex, True Fitness, Amer Sports, Sole Fitness and Life Fitness. The growing popularity of organic foods and focus on urban gardening are creating new opportunities for growth of hydroponic systems across both commercial and residential sectors. North America currently dominates the global Hydroponics Market Growth . However, Asia Pacific is expected to witness the fastest growth owing to rising population and strong government support for adopting innovative agricultural technologies in countries like China, India, and Japan. Market drivers The increasing efforts towards sustainable food production is one of the major drivers of hydroponics market. With a rising global population, the requirement for food supplies is increasing tremendously. However, availability of cultivable land is limited. Hydroponics helps maximize crop yield from limited land resources through its precise nutrient delivery and environmental control features. It uses 70-90% less water than traditional soil-based agriculture and protects roots from diseases. This makes hydroponics a viable solution to fulfill the rising demand for food in a sustainable way. The other key drivers include growing popularity of organic foods, proliferation of indoor vertical farming, and rising investments in agricultural technology development.

PEST Analysis Political: The hydroponics market is influenced by favorable regulations and policies supporting sustainable agricultural practices across various regions. Several countries offer subsidies and tax benefits to promote the adoption of hydroponics. Economic: With the growing population and limited agricultural land, hydroponics is an economically viable option to increase crop yields. It has lower water usage and helps reducing production costs. Social: Younger generations are more receptive towards innovative agricultural technologies. They are conscious about healthy and organic foods produced sustainably. Hydroponics helps address sustainability goals and meets rising food demand. Technological: Advanced sensors and IoT systems provide real-time crop monitoring and precise nutrient delivery. Use of robotics, automation, and data analytics aid optimized production. New techniques like aquaponics are also gaining popularity. Geographical concentration North America accounts for the largest share of the global hydroponics market in terms of value. Favorable government support and high health awareness among consumers in the US and Canada create strong demand for hydroponically grown crops. Fastest growing region Asia Pacific region is poised to grow at the fastest rate during the forecast period. Rapid urbanization, growing middle class, and rising focus on alternative farming methods in countries like China and India offer immense growth opportunities.

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[ashwetu]

 Meticulous Research® Projects Vertical Farming Market to Reach $43.88 Billion by 2031

Meticulous Research®, a leading global market research company, has released an in-depth report titled "Vertical Farming Market Size, Share, Forecast, & Trends Analysis by Component, Growth Mechanism, Structure, Crop Type - Global Forecast to 2031." The study highlights the vertical farming market's robust growth trajectory, projecting it to reach $43.88 billion by 2031, with a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.

The market's growth is driven by several factors including the decreasing availability of arable land, the necessity to enhance crop yields, population growth, urbanization, the demand for pesticide-free produce, water scarcity, and shifting climatic conditions. Conversely, significant capital investment and the requirement for specialized knowledge to manage these farms present notable challenges.

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Opportunities and Trends:

Technological Advancements: Innovations in vertical farming technology and urban farming practices are set to create substantial growth opportunities.Sustainability: There's a growing emphasis on sustainable farming practices and reducing agriculture's environmental footprint, which is gaining traction in the market.

Market Segmentation:

Component:

Hardware (54.7% market share in 2024): Includes lighting, irrigation components, climate controllers, sensors, and building materials. The segment's dominance is attributed to rising urban farming and the increasing use of advanced technology.Software and Services

Growth Mechanism:

Hydroponics (61.1% market share in 2024): Preferred for its benefits like low water usage and the ability to produce high-quality crops year-round.Aeroponics and Aquaponics

Structure:

Shipping Container-based Vertical Farms (56.0% market share in 2024): Favored for their flexibility and ease of implementation in diverse environments.

Crop Type:

Tomato (16.6% market share in 2024): Vertical farming is extensively used in tomato production due to high yields and natural pest suppression.Quick buy : https://www.meticulousresearch.com/Checkout/47888793

Geographical Insights:

North America (29.5% market share in 2024): Leading the market with significant investments in vertical farming and advanced agricultural technologies. The region's market is expected to reach $3.10 billion in 2024.Europe and Asia-Pacific also exhibit substantial market growth driven by similar technological and environmental factors.

Key Players: The report identifies several prominent players in the vertical farming market, including:

Signify Holding B.V. (Netherlands)Heliospectra AB (Sweden)AmHydro (U.S.)Freight Farms, Inc. (U.S.)Intelligent Growth Solutions Limited (U.K.)Everlight Electronics Co., Ltd. (China)ams-OSRAM AG (Austria)Vertical Farm Systems Pty Ltd (Australia)Urban Crop Solutions BV (Belgium)Vertical Future (U.K.)4D Bios Inc. (U.S.)Argus Control System Ltd. (Canada)

The comprehensive report provides a detailed analysis of the vertical farming market across various segments and geographies, offering valuable insights for stakeholders and industry participants.

For further details and to access the full report, please download the sample report here.

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[univdatosmarket]

The MENA Aquaponic & Hydroponic Farming market was valued at USD 254.56 Million in 2022 and is expected to grow at a strong CAGR of around 15.78% during the forecast period (2023-2030) owing to the rising global demand for food and a rapid increase in urbanization coupled with the growing adoption of aquaponic & hydroponic farming in commercial, education, and other sectors.

[spookysaladchaos]

Aquaponics & Hydroponics Systems & Equipment, Global Market Size Forecast, Top 10 Players Rank and Market Share

Aquaponics & Hydroponics Systems & Equipment Market Summary

According to the new market research report "Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029", published by QYResearch, the global Aquaponics & Hydroponics Systems & Equipment market size is projected to grow from USD 3.37 billion in 2023 to USD6.45 billion by 2029, at a CAGR of 11.41% during the forecast period.、

Figure.   Global Aquaponics & Hydroponics Systems & Equipment Market Size (US$ Million), 2018-2029

Above data is based on report from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

Figure.   Global Aquaponics & Hydroponics Systems & Equipment Top xx Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Above data is based on report from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of @@@@ include Hydrofarm, Scotts Miracle-Gro, PentairAES, Viscon Hydroponics, LYINE, Cropking, AmHydro, Danner Manufacturing, Inc., New Growing System, M Hydronic, etc. In 2022, the global top 10 players had a share approximately 13.0% in terms of revenue.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029.

In terms of product type, HVAC is the largest segment, hold a share of 28%.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Application Segment

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & EquipmentMarket Report 2023-2029.

In terms of product application, commercial is the largest application, hold a share of 11.41%.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Region (Production)

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029.

Figure.   Aquaponics & Hydroponics Systems & Equipment, Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Aquaponics & Hydroponics Systems & Equipment Market Report 2023-2029.

Market Drivers:

Efficient resource utilization:

Both aquaponics and hydroponic systems are known for their efficient use of resources. Hydroponics does not require soil, and aquaponics combines fish farming with plant cultivation, creating a symbiotic relationship. These methods use less water than traditional farming.

Annual crop production:

Aquaponics and hydroponics enable year-round crop production, regardless of weather conditions. This is particularly beneficial in areas with extreme climates or limited arable land.

Space efficiency:

These systems are space-saving and can be implemented in urban areas where land is scarce. Vertical farming using hydroponics is a classic example, allowing vertical stacking of crops.

Higher crop yields:

The controlled environment in aquaponics and hydroponic systems provides optimal conditions for plant growth. This results in higher crop yields compared to traditional farming methods.

Reduce environmental impact:

Reducing soil use, limiting water consumption, and eliminating chemical fertilizers in hydroponics and aquaponics can help reduce environmental impact. These methods are generally considered more sustainable.

Restraint:

High Initial Costs:

Implementing aquaponics and hydroponics systems often involves a higher initial investment compared to traditional farming methods. The cost of setting up infrastructure, purchasing equipment, and implementing technology can be a barrier for some farmers.

Technical Expertise Required:

Operating and managing aquaponics and hydroponics systems require a certain level of technical expertise. Farmers need knowledge in areas such as water chemistry, nutrient management, and system maintenance. The learning curve may be a challenge for those unfamiliar with these technologies.

Energy Consumption:

Hydroponic and aquaponic systems may require significant energy inputs, particularly in terms of lighting and climate control in indoor facilities. The energy consumption associated with maintaining optimal growing conditions can impact the overall sustainability of these systems.

Dependency on Electricity:

Many hydroponics systems, especially those operating in controlled indoor environments, are dependent on a stable and uninterrupted power supply. Power outages or disruptions can have a detrimental impact on the crops and the overall system.

Opportunity:

Increasing Consumer Demand for Organic and Locally Grown Produce:

There is a growing consumer preference for organic and locally sourced produce. Aquaponics and hydroponics systems allow for the production of fresh, pesticide-free, and locally grown fruits and vegetables, aligning with consumer demands for healthier and sustainable options.

Technological Advancements and Innovation:

Ongoing advancements in technology, automation, and data analytics present opportunities to enhance the efficiency and productivity of aquaponics and hydroponics systems. Smart farming solutions, precision agriculture, and the integration of IoT (Internet of Things) can contribute to system optimization.

Vertical Farming and Urban Agriculture:

The trend of vertical farming and urban agriculture is on the rise. Aquaponics and hydroponics are well-suited for these applications, allowing cultivation in limited urban spaces and providing a means to meet the demand for fresh produce in urban areas.

Education and Training Programs:

The increasing interest in sustainable agriculture has created opportunities for education and training programs focused on aquaponics and hydroponics. Institutions and organizations can offer courses, workshops, and certifications to empower farmers with the necessary knowledge and skills.

Government Support and Incentives:

Governments recognizing the environmental benefits and efficiency of aquaponics and hydroponics may provide incentives, subsidies, or support programs to encourage adoption. Such support can facilitate the expansion of these systems on a larger scale.

About The Authors

Wupan-Lead Author

E-mail：wupan@qyresearch.com

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.

[vipinmishra]

Microgreens Market to Grow with a CAGR of 8.56% through 2029

Rising popularity of plant-based diets and technological advancements in farming techniques & equipment is expected to drive the Global Microgreens Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Microgreens Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Microgreens Market stood at USD 2.08 Billion in 2023 and is anticipated to grow with a CAGR of 8.56% in the forecast period, 2025-2029. The global microgreens market is driven by several key factors. The rising awareness about the health benefits associated with microgreens, including their high nutrient content, has led to increased consumer demand. The growth of the vegan and vegetarian population, particularly in developed nations, has spurred the demand for plant-based, nutrient-dense food options like microgreens. Advancements in farming techniques, such as hydroponics and aquaponics, have made it possible to grow microgreens year-round, thereby ensuring constant supply.

The market is also propelled by the increasing popularity of gourmet cuisine, where microgreens are often used for garnishing and adding unique flavors. The global microgreens market is currently experiencing an unprecedented surge in demand, driven by a growing consumer awareness of the numerous health benefits associated with these vibrant miniature vegetables. Now more than ever, people are recognizing the concentrated levels of essential vitamins and nutrients that microgreens offer, making them an invaluable addition to daily diets. These nutritious greens are not only a potent source of antioxidants but also contribute to overall well-being.

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The surge in demand for microgreens can be attributed to several factors. The increasing popularity of veganism has led many individuals to seek out plant-based food options that are both nutritious and delicious. Microgreens perfectly fit the bill, providing a rich array of flavors and textures that satisfy even the most discerning palates. Additionally, there has been a general shift towards sustainable farming practices, with consumers actively seeking environmentally friendly and ethically produced food choices. Microgreens, which can be easily grown using these methods, have become a favorite among those striving to make sustainable food choices. 

Furthermore, advancements in cultivation techniques and innovative packaging methods are poised to play a pivotal role in driving the future growth of the microgreens market. These developments ensure that these nutritious and visually appealing greens continue to captivate the taste buds and nourish the health-conscious population worldwide. With ongoing research and development, the microgreens market is expected to expand even further, offering an ever-growing array of varieties and flavors to satisfy the evolving preferences of consumers seeking wholesome and sustainable food choices.

Moreover, the versatility of microgreens makes them an ideal ingredient in various culinary creations. Chefs and home cooks alike can experiment with different combinations and presentations, adding a burst of freshness and vibrant colors to their dishes. Whether used as a garnish, a salad ingredient, or a main component, microgreens elevate the visual appeal and nutritional value of meals. Not only are microgreens packed with flavor and nutrients, but they also have a shorter growth cycle compared to their mature counterparts. This means that they can be cultivated and harvested year-round, providing a consistent supply of fresh greens regardless of the season. This accessibility and availability further contribute to their growing popularity among consumers who value convenience and quality.

The global microgreens market is witnessing an extraordinary surge in demand, fueled by increasing consumer awareness, the rise of veganism, and a growing preference for sustainable food options. This trend is set to continue as advancements in cultivation techniques and packaging methods further enhance the appeal of microgreens. The future of the microgreens market looks promising, with a wide range of varieties and flavors to cater to the diverse tastes and preferences of health-conscious consumers. The Global Microgreens Market is segmented into type, farming technique, growth medium, distribution channel, end user, regional distribution, and company. Based on end user, in the world of agriculture, the commercial sector exerts a significant dominance over the residential sector when it comes to the utilization of microgreens.

These tiny but mighty greens have found a special place in the culinary world, especially in restaurants, hotels, and other food service establishments. Chefs and culinary experts have discovered that microgreens provide not only a burst of concentrated flavor but also an aesthetic appeal to their dishes. From delicate garnishes to vibrant toppings, microgreens have become an indispensable ingredient in elevating the taste and presentation of various culinary creations. While the residential usage of microgreens is steadily growing, particularly with the rising trend of home gardening, it currently remains secondary in comparison to the strong commercial demand. As more individuals embrace the joys of cultivating their own greens, the residential sector is gradually catching up, but it still has some way to go before reaching the level of demand seen in the bustling commercial market.

Based on region, North America holds a dominant position in the global microgreens market due to several contributing factors. The region exhibits a remarkably high consumption rate for fresh produce, driven by the increasing awareness and demand for healthy, organic, and locally sourced food. This emphasis on nutritious and sustainable eating habits has created a strong market for microgreens, which are packed with essential vitamins and minerals. Moreover, advancements in farming techniques have revolutionized microgreens cultivation in North America. Techniques such as hydroponics and aeroponics have enabled year-round production of microgreens, regardless of external weather conditions. This consistent supply of fresh and high-quality microgreens has further fueled the popularity and growth of the market in the region. 

Additionally, the presence of numerous market players and the strong support from the government for sustainable agricultural practices have significantly contributed to the success of the microgreens market in North America. These factors have created a favorable environment for innovation, collaboration, and market expansion. The combination of high consumer demand, technological advancements, and supportive policies has positioned North America as a leader in the global microgreens market. The region's commitment to healthy eating, sustainable farming practices, and continuous innovation ensures the sustained growth and success of the microgreens industry in this thriving market.

Major companies operating in Global Microgreens Market are:

AeroFarms LLC

Goodleaf Farms

Living Earth Farm

Farm Box Greens

Jiangsu Skyplant Greenhouse Technology Co. Ltd

Shanghai Dehuan Industry Co. Ltd

Chef's Garden Inc.

Madar Farms

Metro Microgreens

Greenbelt Microgreens

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“The global Microgreens market is poised for significant growth in the future, driven by changing consumption patterns and an increasing awareness of the health benefits associated with these nutrient-dense young vegetables. Consumers' growing preference for natural and organic food products, along with the versatility of microgreens in culinary applications, are factors contributing to this upward trajectory.

Moreover, advancements in farming technologies have facilitated the year-round production of microgreens, further bolstering market prospects. The future of the global Microgreens market appears promising, with plenty of opportunities for innovation and expansion.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Microgreens Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Type (Broccoli, Lettuce & Chicory, Arugula, Basil, Fennel, Carrots, Others), By Farming Technique (Indoor Vertical Farming, Commercial Greenhouses, Others), By Growth Medium (Peat Moss, Soil, Coconut Coir, Tissue Paper, Others), By Distribution Channel (Hypermarkets/Supermarkets, Online, Retail Stores, Others), By End Use (Commercial and Residential), By Region and Competition”, has evaluated the future growth potential of Global Microgreens Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Microgreens Market.

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From Tank to Table: How Aquaponics Systems Are Revolutionizing Food Production

The Europe Aquaponics System Market was valued at USD 219.24 Million and is projected to reach a market size of USD 565.66 Million by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 14.5%.

A stalwart force propelling the Aquaponics System Market on a long-term trajectory is the global paradigm shift towards sustainable food production. As the world grapples with the challenges posed by climate change and population growth, the demand for efficient, eco-friendly farming practices has surged. Aquaponics, with its harmonious blend of aquaculture and hydroponics, emerges as a solution that not only conserves water but also minimizes environmental impact.

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The COVID-19 pandemic, while presenting unprecedented challenges to various industries, has ironically catalyzed the Aquaponics System Market. The disruptions in traditional supply chains have led to a heightened awareness of the vulnerability in conventional farming methods. As a result, governments and agricultural communities worldwide are embracing aquaponics for its resilience to external shocks, ensuring a steady and reliable source of fresh produce regardless of external disruptions.

In the short term, a notable driver accelerating the growth of the Aquaponics System Market is the increasing focus on local and sustainable food production. Consumers are becoming more conscious of the origins of their food, demanding transparency and environmentally friendly practices. This has prompted a surge in the adoption of aquaponics systems by small-scale farmers and community initiatives, contributing to the decentralization of food production.

An exciting opportunity in the Aquaponics System Market lies in the integration of smart technologies. Automation, data analytics, and IoT applications are gradually finding their way into aquaponics setups, optimizing resource utilization and enhancing overall efficiency. The industry stands on the cusp of a technological revolution, offering stakeholders the chance to embrace innovation and unlock new avenues for growth.

A prevailing trend in the industry is the growing emphasis on organic and pesticide-free produce. As consumers become increasingly health-conscious, the demand for food grown without harmful chemicals is on the rise. Aquaponics, inherently free from chemical fertilizers and pesticides, aligns seamlessly with this trend, positioning itself as a sustainable and healthy alternative to traditional farming methods.

Market Segmentation:

By produce: Leafy greens and herbs, fruit-bearing plants, fish

Diving into the market by produce, it’s fascinating to note that among the various segments, the largest player is undeniably leafy greens and herbs. These verdant wonders dominate the scene, showcasing the adaptability and efficiency of aquaponics systems in cultivating these nutritious greens. The lush foliage and robust flavors of herbs stand as a testament to the success of this segment.

What catches the eye when forecasting the future trajectory is the fish category, emerging as the fastest-growing subsegment. As consumers increasingly recognize the benefits of aquaponics in fostering sustainable fish farming, this segment surges ahead, promising a bountiful harvest in the forecast period.

By system type: Media-Based Aquaponics, Nutrient Film Technique Aquaponics, Deep Water Culture Aquaponics, Vertical Aquaponics, and Others

Shifting focus to the system types within the Aquaponics System Market, media-based aquaponics takes center stage as the largest segment. This system, utilizing various growth mediums for plants, demonstrates versatility and efficacy, attracting farmers and enthusiasts alike. The aquaponics landscape is indeed an evolving canvas, with media-based systems painting a picture of sustainable agriculture.

In the realm of rapid growth, vertical aquaponics emerges as the star of innovation. As agricultural spaces become more confined, the upward trajectory of vertical systems offers a solution. This dynamic approach not only maximizes space utilization but also opens new possibilities for urban farming. The forecast period witnesses vertical aquaponics as the fastest-growing system type, reaching new heights in popularity.

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Regional Analysis:

Zooming in on the Aquaponics System Market by region, Europe stands out as a vibrant kaleidoscope of growth opportunities. Among the European nations, Germany takes the lead as the largest market contributor. The efficient adoption of aquaponics practices in Germany showcases the country’s commitment to sustainable agriculture, setting an example for others to follow.

As the market matures, France emerges as the fastest-growing region during the forecast period. The French embrace of aquaponics reflects a growing trend toward eco-conscious farming practices. This surge in popularity positions France as a dynamic hub for aquaponics innovations, paving the way for a flourishing market in the region.

Latest Industry Developments:

· In the ever-evolving Aquaponics System Market, companies are increasingly adopting technological integration as a strategic trend to enhance their market share. Recent developments showcase a surge in the incorporation of smart technologies, such as automation, data analytics, and Internet of Things (IoT) applications. By leveraging these advancements, companies aim to optimize resource management, improve overall system efficiency, and differentiate themselves in a competitive landscape. This trend signifies a shift towards precision farming, positioning tech-savvy companies at the forefront of market leadership.

· A notable trend among companies in the Aquaponics System Market is the strategic diversification of their product offerings. Recent developments indicate a move beyond traditional aquaponics setups, with companies exploring and introducing innovative solutions tailored to specific consumer demands. This includes customized aquaponics systems for different crops, scaled solutions for diverse farming sizes, and specialized setups catering to unique geographical and climatic conditions. By diversifying their product portfolios, companies aim to capture a broader market share and address the evolving needs of a diverse customer base.

· Companies in the Aquaponics System Market are increasingly focusing on global market expansion as a key strategy to bolster their market share. Recent developments highlight efforts to establish a presence in untapped regions and capitalize on emerging opportunities. This expansion strategy involves not only geographical reach but also collaborations and partnerships with local stakeholders to navigate regulatory landscapes and cultural nuances effectively. By broadening their market footprint, companies seek to tap into new customer bases, diversify revenue streams, and solidify their positions as key players in the global aquaponics ecosystem.

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[rupalic]

New Revenue Sources in Indoor Farming Technology Market

According to a research report "Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals) and Region - Global Forecast to 2028" published by MarketsandMarkets, the indoor farming technology market is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value. The market for indoor farming technology is experiencing growth due to increasing demand for locally sourced and fresh produce which has led to a surge in indoor farming projects.

By component, lighting systems hold a significant market share during the forecast period.

Lighting systems have the largest market share in the component of the indoor farming market due to several factors. Lighting is required for plant growth in non-natural lighting settings. In the absence of sunlight, the quality of the light utilized in vertical farming (spectrum) is amplified to the greatest extent possible. Because artificial light is the only light source in vertical farming, higher light intensities are required in many supplemental light scenarios. In these non-natural light situations, increasing light intensity leads to a larger thermal load that must be cooled. A better light spectrum results in increased agricultural yields, allowing for lower intensities and lower energy usage. The key factors to consider when supplying illumination for plants are the light's quality, quantity, and duration. The actual wavelengths that the lights offer to the plants are referred to as quality. Generally, lights provide either a light spectrum like that of the sun or a spectrum tailored to the needs of plants. Outdoor circumstances can be created by modifying the grow lights' colors, temperatures, and spectrum outputs, as well as changing the intensity output of the lamps. Specific ranges of the spectrum, luminous efficacy, and color temperature are utilized with specific plants and periods depending on the type of plant farmed, the stage of culture, and the photoperiod required.

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By facility, glass or poly greenhouses are projected to dominate the market during the forecasted period.

Several factors are driving the expansion of glass or poly greenhouses in indoor farming. The growing need for locally produced and fresh produce has increased indoor farming initiatives, and greenhouses provide an efficient and controlled setting to meet this demand. Furthermore, advances in greenhouse technology, such as enhanced climate control systems, irrigation techniques, and automation, have made indoor farming more productive and profitable. Furthermore, growing environmental awareness and a drive to decrease carbon footprints have contributed to the appeal of greenhouses, which provide energy-efficient options for indoor agricultural farming. The expansion and demand for glass or poly greenhouses are projected to continue as the indoor farming business expands and evolves, driven by the need for efficient, sustainable, and high-quality crop production.

The key players in this market include Scotts Company LLC (US), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), NETAFIM (Israel), Heliospectra AB (Sweden), Argus Control Systems Limited (Canada), Lumigrow, Inc (Canada), weisstechnik (US), Priva (Netherlands), LOGIQS.B.V. (Netherlands), Illumitex (US), AmHydro (US), RICHEL GROUP (France), Vertical Farm Systems (Australia), Hydroponic Systems International (Spain), Certhon (Netherlands), Bluelab (New Zealand), Barton Breeze (India), Green Sense Farms Holdings, Inc. (US), Greener Crop Inc. (Dubai), Sensaphone (US), Freight Farms Inc (US), Climate Control Systems Inc (US), Sky Greens (Singapore), and SANANBIO (China). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their global market presence.

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[crop-protection-market]

Explore the Insights into the Protected Cultivation Industry

Introduction: Nurturing Agriculture Under the Shield

In the realm of agriculture, protected cultivation stands as a shield against unpredictable weather and environmental challenges. This journey delves into the dynamics of the protected cultivation market, offering a comprehensive understanding of its analysis, demand, trends, and major players.

Protected Cultivation Market Analysis: Cultivating Insights for Growth

Understanding the nuances of the protected cultivation market involves dissecting its components, ranging from greenhouse structures to cutting-edge technologies shaping modern horticulture practices. Protected Cultivation Market Analysis spans greenhouse types, materials, and technologies, with a focus on optimizing crop growth, minimizing environmental impact, and ensuring year-round production. The market is witnessing a surge in demand for high-tech solutions, including automated climate control systems and smart irrigation, driving the adoption of protected cultivation practices. The global protected cultivation market is poised to grow at a CAGR of 8% over the next five years. Greenhouse structures contribute to over 60% of the market share within the protected cultivation segment.

Protected Cultivation Market Demand: Harvesting Opportunities in Enclosed Spaces

Exploring the demand dynamics of the protected cultivation market reveals a global need for sustainable, efficient, and climate-resilient agricultural practices. Protected Cultivation Market Demand is influenced by factors such as the rising awareness of food security, the need for year-round crop production, and the growing preference for locally sourced, fresh produce. Emerging economies are witnessing a spike in demand for protected cultivation structures, driven by the adoption of modern farming techniques and government initiatives promoting sustainable agriculture. The demand for protected cultivation solutions is anticipated to exceed USD 50 billion by 2025, signaling a paradigm shift towards controlled-environment agriculture. Asia-Pacific leads in demand, accounting for 40% of the global market share.

Protected Cultivation Market Forecast: Forecasting a Blossoming Future

Predicting the future of the protected cultivation market involves anticipating trends in greenhouse technology, sustainable practices, and advancements in crop protection measures. Protected Cultivation Market Forecast includes projections on the widespread adoption of smart farming practices, the integration of renewable energy sources in greenhouse operations, and the continuous development of disease-resistant crop varieties. The rise of vertical farming and the utilization of hydroponic and aquaponic systems are expected to shape the future landscape of protected cultivation. The market for protected cultivation is expected to reach USD 90 billion by 2030, driven by a growing focus on sustainable and resource-efficient farming. Hydroponic systems are projected to witness the highest growth rate, exceeding 10% annually.

Protected Cultivation Market Growth: Greening Agriculture for Tomorrow

Examining the growth factors within the protected cultivation market sheds light on opportunities tied to technological advancements, environmental considerations, and the quest for food sustainability. Protected Cultivation Market Growth is propelled by innovations in greenhouse design, the use of advanced materials for better insulation and light transmission, and the incorporation of artificial intelligence in crop management. The trend of urban farming and community-supported agriculture is contributing to the growth of small-scale protected cultivation initiatives. The compound annual growth rate (CAGR) of the global protected cultivation market is expected to rise to 10% in the coming years. AI-driven crop management systems are estimated to witness a growth rate exceeding 15%.

Protected Cultivation Market Revenue: Sowing Profitable Seeds in Controlled Environments

Analyzing revenue streams in the protected cultivation market unveils the economic viability and financial contributions of enclosed farming practices. Protected Cultivation Market Revenue is influenced by factors such as government subsidies, the cost-effectiveness of controlled-environment agriculture, and the premium pricing of greenhouse-grown produce. The rise of contract farming agreements between growers and retailers is fostering revenue growth in the protected cultivation sector. The global revenue from protected cultivation activities is estimated to surpass USD 30 billion by 2025. Government subsidies contribute to nearly 25% of the total revenue generated in the sector.

Protected Cultivation Market Size: Cultivating Progress on a Global Scale

Understanding the size of the protected cultivation market involves assessing its geographical spread, market penetration, and the diverse array of crops grown under protected environments. Protected Cultivation Market Size varies across regions, with Europe and North America leading in terms of adoption and market share. The expansion of protected cultivation in Asia-Pacific, driven by population growth and changing dietary patterns, is contributing significantly to market size. The global protected cultivation market is estimated to cover an area exceeding 2 million hectares by 2025. Europe holds the largest market share, accounting for over 35% of the global size.

Protected Cultivation Market Trends: Growing Innovation in Enclosed Agriculture

Unveiling trends within the protected cultivation market provides a roadmap for stakeholders, guiding them toward sustainable, technologically advanced, and socially responsible agricultural practices. Protected Cultivation Market Trends include the integration of robotics and artificial intelligence in greenhouse operations, the development of energy-efficient structures, and the rise of community-supported greenhouse initiatives. The adoption of protected cultivation practices in the cultivation of high-value crops, such as berries and exotic fruits, is gaining momentum. The global market for protected cultivation is witnessing a trend towards multi-tiered greenhouse structures, optimizing land use and increasing production efficiency. The use of robotics in greenhouse operations is expected to witness a threefold increase by 2025.

Conclusion

The protected cultivation market stands as a beacon of innovation, ensuring that agriculture thrives in an ever-changing climate. As technology continues to evolve and environmental sustainability takes center stage, protected cultivation is set to play a pivotal role in securing a greener and more bountiful future.

[ananya5400]

Biofertilizers Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028

The biofertilizers market size was valued at 2.8 billion in 2022 and is projected to reach $5.2 billion by 2028, growing at a CAGR of 10.9% during the study period. The market is estimated to be valued at USD 3.1 billion in 2023. Through natural processes such as nitrogen fixation, phosphate solubilization, and the production of compounds that stimulate growth, biofertilizers provide nutrients to plants. They boost soil organic matter and aid in restoring the soil's natural nutrition cycle. By using biofertilizers, growers can increase the sustainability and health of the soil and cultivate healthy crops. Only bacteria and other biological elements that are not damaging to the environment are present in biofertilizers. As a result, they contribute to reducing pollution brought on by agricultural activities, particularly soil pollution.

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Phosphate solubilizing and mobilizing biofertilizers is estimated to be the fastest segment during the forecast period

Phosphorus is considered the most essential element for higher crop productivity. Phosphorous helps in the better growth of crops, which helps in enhancing the quality and yield of plants. It is also responsible for improving root growth, improving seed and flower formations, and making the plants resistant to various pests and diseases. Better results are seen in crops such as sugarcane, rice, fruits, vegetables, etc. These are also being utilized in modern agricultural methods such as hydroponics, aquaponics, and protected cultivation. These are the factors that are considered to drive the market for phosphate solubilizing and mobilizing biofertilizers.

By form, the liquid segment is forecasted to gain the major share in the biofertilizer market during the review period.

Liquid biofertilizers can be used with modern machinery, can withstand high temperatures up to 45 °C, are easy to handle and use, are easy to add ingredients that enhance the growth of microbial strains, are easy to apply on both seeds and soil, and have a longer shelf life of 1.5 to 2 years; hence, liquid biofertilizers are more desirable than solid inoculants. Moreover, liquid biofertilizers have higher microbial densities than carrier-based ones, allowing for lower dosages while still producing the same results.

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North America is projected to gain the largest market share in the global biofertilizer market.

North America is projected to gain the largest market share in the global biofertilizer market. The presence of a large number of farmers and growers in the region allows them access to a wide range of products at competitive prices. The governments in the region are promoting the use of agricultural inputs which cause less environmental degradation, and hence are encouraging the use of biofertilizers. In countries such as the US and Canada, farmers are focused on producing cash crops on a larger scale, which is also driving the market in the region.

Key players in this market include Novozymes (Denmark), UPL (India), Chr. Hansen Holding A/S (Denmark), Syngenta (Switzerland), T.Stanes and Company Limited (India), Lallemand Inc (Canada), Rizobacter Argentina S.A. (Argentina), Vegalab SA (Switzerland), IPL Biologicals Limited (India), and Kiwa Bio-tech Product Group Cooperation (China).

[semiconductorandelectronics]

Vertical Farming Market Size, Share, Statistics and Industry Growth Analysis Report by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based and Shipping container-based), Crop Type, Offering (Lighting, Sensors, Climate Control, Software, Services) & Region - Global Forecast to 2028

[agriculturalmarkets]

Aquaponics Market Projected to Hit USD 2,464.29 Million by 2030"

Aquaponics Market Overview

The global aquaponics market is anticipated to grow at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030, reaching a value of USD 2464.29 million by the end of the forecast period. This growth is driven by a number of factors, including the increasing demand for organic and sustainable food, the rising popularity of urban farming, and the growing awareness of the environmental benefits of aquaponics.

Key Market Drivers

Increasing demand for organic and sustainable food: Consumers are increasingly interested in purchasing food that is free from pesticides and other harmful chemicals. Aquaponics provides a way to grow food without the use of these chemicals, making it a popular choice for health-conscious consumers.

Rising popularity of urban farming: As the world's population continues to grow, more people are moving to cities. This has led to an increase in the demand for local and sustainable food sources. Aquaponics is a well-suited method for urban farming, as it can be done in small spaces and does not require a lot of land.

Growing awareness of the environmental benefits of aquaponics: Aquaponics is a closed-loop system that does not require the use of pesticides or fertilizers. This makes it a more environmentally friendly way to grow food than traditional agriculture. Additionally, aquaponics systems can help to conserve water, as the water used to feed the fish is also used to nourish the plants.

Market Segmentation

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The aquaponics market can be segmented by:

Production type: Commercial, hobby

Components: Systems, equipment, media

Equipment: Grow lights, pumps & valves

Facility type: Glass greenhouses, indoor vertical farms

Product type: Fish, vegetables, herbs, fruits

Application: Home production, commercial production

Regional Analysis

The North American region is expected to dominate the global aquaponics market throughout the forecast period. This is due to the factors mentioned above, as well as the well-developed infrastructure and distribution channels in the region. The Europe and Asia Pacific regions are also expected to see significant growth in the aquaponics market, driven by similar factors.

Challenges

The aquaponics market faces a number of challenges, including:

High initial investment: Setting up an aquaponics system can be expensive, which can deter some potential customers.

Technical complexity: Aquaponics systems can be complex to operate, and it takes time and effort to learn how to manage them effectively.

Limited availability of skilled labor: There is a shortage of skilled labor in the aquaponics industry, which can make it difficult to find qualified people to help with system design, installation, and maintenance.

Competitive Landscape

The aquaponics market is a relatively fragmented market, with a number of small and medium-sized players. Some of the key players in the market include:

Nelson and Pade, Inc.

Back to the Roots

Living Waters Farm

Neptune Systems, Inc.

UrbanFarmers, LLC

Future Outlook

The aquaponics market outlook is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is still in its early stages of development, and there is significant potential for growth in the future. As aquaponics systems become more affordable and easier to operate, and as consumers become more aware of the benefits of this method of food production, the market is expected to expand rapidly.

Overall, the aquaponics market is a promising sector with significant growth potential. The increasing demand for organic and sustainable food, the rising popularity of urban farming, and the growing awareness of the environmental benefits of aquaponics are all likely to contribute to the market's growth in the coming years.

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[david843346]

Liquid Silicone Rubber Market Global Demand Analysis & Opportunity Outlook 2035

Research Nester’s recent market research analysis on “Liquid Silicone Rubber Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global liquid silicone rubber market in terms of market segmentation by grade type, processing techniques, end-user industry and by region. 

Surge in Use of Liquid Silicone Rubber in Agriculture to Boost the Growth of Global Liquid Silicone Rubber Market

The global market for liquid silicone rubber is set to grow on account of a surge in the use of liquid silicone rubber in agriculture. The agricultural sector has seen substantial expansion and innovation, including industry disruptors like aquaponics (hydroponics), precision agriculture, and water desalination. For irrigation, accurate fertilizer and pesticide application, water filtering, and circulation treatments under unfavorable weather and field-erosive conditions, modern agricultural practices require cutting-edge innovation (such as bioengineering). As a result, the use of liquid silicone rubber is expanding due to its durability, salt resistance, and sanitation. 

Additionally, the medical business has experienced great development as a result of the epidemic that has ravaged nearly all of the world's nations as well as other factors including the rise in the geriatric population and increasing hygiene awareness. The main challenge is manufacturing high-precision, high-volume items securely. Liquid silicone rubber enters the picture in this situation, as it can be utilized for wearing medical devices and breathing equipment without irritating the skin.

Some of the major growth factors and challenges that are associated with the growth of the global liquid silicone rubber market are:

Growth Drivers:

Growth in Demand for Baby Products & Toys

Rising Application of Liquid Silicone Rubber in Kitchen Products

Challenges:

The rise of the healthcare market is somewhat constrained by government initiatives to control healthcare costs and a lack of funding for product development. Rigid and burdensome regulatory laws are the key barriers for the market. The rigid restrictions, especially in the medical field, raise a number of developmental problems.

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By end-user industry, the market for liquid silicone rubber is segmented into automotive, healthcare, electrical & electronics, cosmetics, and building & construction. Out of these segments, the automotive segment is anticipated to have significant growth over the forecast period. Considering it can withstand high temperatures, moisture, and chemicals, liquid silicone rubber is becoming increasingly popular for use in automotive applications. As a result, it is ideal for use in the construction of connectors, gaskets, and other automotive parts. Because it is lightweight and can be accurately molded into complex shapes, liquid silicone rubber is being used more frequently in the automotive industry, which helps to lighten vehicles and increase fuel efficiency.

By region, the market in North America for liquid silicone rubber is expected to have noteworthy growth over the forecast period, in light of the expanding need for LSR in the electrical and electronics industry and in the healthcare sector in the region. LSR is more in demand in these industries because it has biocompatibility, electrical insulation, and high-temperature resistance properties that are necessary for the production of many devices and components.

This report also provides the existing competitive scenario of some of the key players of the global liquid silicone rubber market which includes company profiling of Wacker Chemical AG, The Dow Chemical Company, Quantum Silicones, Inc., SHENZHEN LIANHUAN SILICONE RUBBER CO., LTD., KCC Corporation, Simtec Silicone Parts, LLC, Avantor, Inc., RICO Elastomere Projecting GmbH, MESGO S.p.A., Shenzhen Hong Ye Jie Technology Co., Ltd., and others.

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