The global hydrocolloids market size is expected to experience substantial growth by reaching USD 13.30 billion by 2027 while exhibiting a CAGR of 5.13% between 2020 and 2027. This is attributable to the growing demand for convenience food products and the growing awareness regarding the benefits of clean-labeled additives such as hydrocolloids across the globe. Fortune Business Insights in its latest report, titled, “Hydrocolloids Market Size, Share & Industry Analysis, By Type (Xanthan Gum, Carrageenan, Guar Gum, Gelatin, and Others), Source (Microbial, Animal, Seaweed, and Others), Application (Food & Beverages, Pharmaceuticals, and Cosmetics & Personal Care), and Regional Forecast, 2020 – 2027.”, observes that the market stood at USD 9.07 billion in 2019. Slow Market Growth at 3.31% CAGR Predicted amid COVID-19 Based on our analysis, the global market for hydrocolloids is expected to showcase slow-paced growth while exhibiting a CAGR of 3.31% in 2020. This is due to the imposition of lockdown announced by the government agencies that has led to the shutdown of several stores and other industrial activities globally. This has led to significant supply chain disruption and lower demand for raw materials impacting the market growth. However, the market is expected to recover steadily post-COVID-19 pandemic with growing awareness amongst people regarding natural and clean-labeled food products. Hydrocolloids are polymers, mostly proteins, and polysaccharides, that have the property of forming gels or viscous dispersion when combined with water. Additionally, their ability to provide the right viscosity, structure, and texture to several food products enables their wider adoption in manufacturing several food products worldwide. What does the Report Provide? The market report provides a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market. Moreover, the research analyst has adopted several research methodologies such as Porter’s Five Forces analysis to extract information about the current trends and industry developments that will drive the market growth between 2020 and 2027. Browse Complete Report Summary @ https://www.fortunebusinessinsights.com/industry-reports/hydrocolloids-market-100552 DRIVING FACTORS Increasing Demand for Convenient Food Products to Aid Growth The increasing awareness regarding the consumption of clean-labeled food products is likely to drive the adoption of clean-labeled additives such as hydrocolloids. The growing demand for healthy, convenient food products owing to high nutritional content is expected to boost the adoption of the products globally. Moreover, the rising healthy issue due to the consumption of harmful fatty foods such as burgers, pizzas, and others is propelling the consumers to adopt a healthy meal regime. These factors are likely to contribute to the global hydrocolloids market growth in the forthcoming years. SEGMENTATION Food & Beverages Segment to Hold Major Market Share The food & beverages segment, based on application, is expected to experience considerable growth in the forthcoming years. This is ascribable to factors such as the growing demand for natural and nutritious food products that contain hydrocolloids worldwide. REGIONAL INSIGHTS Asia-Pacific to Remain Dominant; Presence of Manufacturing Units to Promote Growth Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the highest position in the global hydrocolloids market during the forecast period. This is attributable to the presence of hydrocolloid manufacturing units in countries such as India, Thailand, China, and Indonesia in the region. Asia-Pacific stood at USD 3.44 billion in 2019. On the other hand, North America is expected to showcase exponential growth backed by the growing demand for fortified convenience food products that is likely to drive the adoption of hydrocolloids in the region between 2020 and 2027. COMPETITIVE LANDSCAPE Prominent Companies Focus on Facility Expansion to Amplify Their Market Positions The global hydrocolloids market is consolidated by the presence of key players focusing on expanding their production facility into developing innovative hydrocolloids to cater to the growing demand for functional food products. Additionally, other key players are striving to maintain their footprint by adopting strategies such as partnership, the introduction of new products, and merger and acquisition that will boost the market growth during the forecast period. Industry Development: November 2018: CP Kelco, a subsidiary of J.M. Huber Corporation, announced the expansion of its pectin production capacity in Denmark by about 15%. The company aims to cater to the increasing demand for clean-label ingredients across functional foods and further strengthen its position in the global marketplace. List of the Companies Profiled in the Global Market for Hydrocolloids: • Kerry Group plc (Tralee, Ireland) • Koninklijke DSM N.V. (Heerlen, Netherlands) • Cargill, Incorporated (Minnesota, United States) • Archer-Daniels-Midland Company (Illinois, United States) • DuPont de Nemours, Inc. (Delaware, United States) • Ashland Global Holdings Inc. (Delaware, United States) • M. Huber Corporation (New Jersey, United States) • W Hydrocolloids, Inc. (Philippines) • Ingredion, Incorporated (Illinois, United States) • Tate & Lyle plc (London, United Kingdom)
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The global toys market size is expected to experience significant growth by reaching USD 212.49 billion in 2027 while exhibiting a CAGR of 7.3% between 2020 and 2027. This is attributable to the increasing social media influence that is being leveraged by the manufacturing companies to boost their revenues globally. Fortune Business Insights published this information in its latest report, titled, “Toys Market Size, Share & COVID-19 Impact Analysis, By Product Type (Dolls, Outdoor and Sports Toys, Building and Construction Set, Infant and Preschool Toys, Games & Puzzles, and Others), Age Group (0-3 Years, 3-5 Years, 5-12 Years, 12-18 Years, and 18+ Years), Distribution Channel (Online and Offline), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 105.85 billion in 2019. COVID-19 Impact: Market to Exhibit Astonishing 22.30% CAGR in 2020 The lockdown is turning out to be favorable for several toy manufacturers as they are registering significant sales. To enable entertainment of the kids confined at their home spaces, parents are buying play products through offline and online platforms. Therefore, based on our analysis, the market is likely to exhibit an impressive CAGR of 22.30% in 2020. Toys are entertainment products preferred by kids of all ages. They play an important role in developing the cognitive skills of the children and are available in different shapes and sizes across several stores. What does the Report Provide? The market report provides a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market. Moreover, the research analyst has adopted several research methodologies such as Porter’s Five Forces analysis to extract information about the current trends and industry developments that will drive the market growth between 2020 and 2027. DRIVING FACTORS: Increasing Social Media Influence to Aid Growth The companies present in the market are leveraging the opportunities provided by the social media platform. With more and more children engaged to social media, the companies are partnering with market agencies to improve their brand presence through these platforms. Moreover, active participation of key players through different technological events that promote gaming is expected to boost the adoption of innovative and advanced toys. These factors are anticipated to favor the toys market growth during the forecast period. Browse Complete Report Summary @ https://www.fortunebusinessinsights.com/toys-market-104699 SEGMENTATION: Dolls Segment Held 28.73% Market Share in 2019 Based on product, the dolls segment held a market share of about 28.73% in 2019 and is projected to showcase exponential growth owing to the availability of different types of dolls based on cartoon characters that are being preferred by the children globally. REGIONAL INSIGHTS: Growing Gifting Trend in North America to Propel Market Growth Among all the regions, North America is expected to hold the highest position in the global market during the forecast period. This is attributable to the growing gifting trend in countries such as the United States that is likely to drive the demand for toys during special occasions such as birthdays in the region. North America stood at USD 35.88 billion in 2019. The market in Asia-Pacific is anticipated to showcase considerable growth owing to the growing demand for art & craft toys amongst the children in the region between 2020 and 2027. COMPETITIVE LANDSCAPE Product Innovation by Prominent Companies to Brighten Their Market Positions The global market is experiencing healthy competition between the major companies that are striving to maintain a stronghold. These companies are developing innovative toys and other kid entertainment products to cater to the growing demand amongst their patrons. Additionally, other key players are trying to gain a competitive edge over their rivals by adopting strategies such as merger and acquisition, collaboration, and partnership during the forecast period. Industry Development: November 2020 – Luki Lab, a division of Strottman International, introduced two creative toy series, Gojo Adventure and Pinxies during Christmas holidays. The company is focusing on leveraging the festive occasion to boost their sales revenue by catering to the demand for entertainment products amongst the kids. List of the Companies Profiled in the Market: • Lego System A/S (Billund, Denmark) • Hasbro Inc. (Rhode Island, U.S.) • Mattel Inc. (California, U.S.) • Ravensburger Holding GmbH & Co. KG (Ravensburg, Germany) • Spin Master (Toronto, Canada) • MGA Entertainment Inc. (California, U.S.) • PAI Partners (Paris, France) • Nintendo Co. Ltd. (Kyoto, Japan) • Radio Flyer (Illinois, U.S.) • L. Lindsay & Company (New South Wales, Australia) • Artsana Group (Grandate, Italy) • K’Nex Industries Inc. (Pennsylvania, U.S.)
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The global vegetable seeds market is expected to gain impetus from the increasing awareness regarding the benefits of consuming vegetables in developing and developed countries. The World Health Organization (WHO) declared that lower consumption of fruits and vegetables causes around 1.7 million deaths worldwide per year. This information is given by Fortune Business Insights™ in a published report, titled, “Vegetable Seeds Market Size, Share & COVID-19 Impact Analysis, By Type (Open Pollinated Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb, Cucurbit, Brassica, Leafy, and Others), Cultivation Method, and Regional Forecast, 2020 – 2027.” The report further states that the vegetable seeds market size was valued at USD 5.78 billion in 2019 and is projected to reach USD 10.48 billion by 2027, exhibiting a CAGR of 7.8% during the forecast period. Segment- Solanaceae Segment to Grow Rapidly Backed by Rising Investments by Key Companies Based on crop type, the Solanaceae segment earned 41.88% in terms of vegetable seeds market share in 2019. This growth is attributable to the rising investments by reputed vegetable seeds manufacturers in developing premium-quality seeds, such as hybrid tomato. The segment mainly consists of pepper, eggplant, potatoes, and tomatoes. Browse Complete Report [email protected] https://www.fortunebusinessinsights.com/vegetable-seed-market-103066 Regional Analysis- Asia Pacific to Remain at Forefront Backed by Expansion of Agriculture Industry Geographically, in 2019, Asia Pacific procured USD 2.86 billion in terms of revenue. The region is set to retain its dominant position throughout the forthcoming years stoked by the increasing area under horticultural crops in the region. Apart from that, the expansion of the agriculture industry is set to contribute to this growth. India and China are the most significant countries that report high vegetable consumption and production. Europe, on the other hand, is set to exhibit considerable growth backed by the increasing advancements in the field of breeding technologies. It will help in the development of high-quality vegetable seeds. In North America, the demand for the product is set to be high from Mexico and the U.S. Competitive Landscape- Key Players Focus on Acquisition Strategy to Gain a Competitive Edge The market for vegetable seeds is consolidated owing to the rising number of mergers and acquisitions. Numerous multinational firms are investing hefty amounts of money in innovating brewing techniques to meet the increasing demand. Below are the latest industry developments: • April 2020: Sakata Seed America successfully acquired Vanguard Seed, a lettuce seed company headquartered in the U.S. to introduce a wide variety of lettuce in the market. • February 2019: Syngenta Flowers recently unveiled Vegetalis, its new vegetable portfolio. It contains high-performing herb and vegetable seeds. A list of all the vegetable seeds manufacturers operating in the global market: • BASF SE- Germany • Bayer AG. – Germany • Syngenta AG – Switzerland • Groupe Limagrain- France • Rijk Zwaan Zaadteelt en Zaadhandel B.V- Netherlands • Sakata Seed Corporation- Japan • Takii & Co., Ltd- Japan • Enza Zaden BV- Netherlands • East-West Seed- Thailand • Bejo Zaden B.V.- Netherlands COVID-19: No Disruptions in Supply Chain as Fruits & Vegetables are Essential Commodities According to the International Seed Federation (ISF), the outbreak of the COVID-19 pandemic has had a lesser impact on the seed industry. This occurred because fruits and vegetables are considered to be essential items. Countries with the largest number of COVID-19 cases are also receiving vegetable seeds efficiently so that the farmers can grow more crops to cater to the increasing demand. Our extensively researched reports will help you to find the right strategy to boost sustainability and prevent food shortages amid this pandemic. This Report Answers the Following Questions: • Which segment is likely to lead the market in the coming years? • Which company would generate the highest revenue in the future? • What are the predicted, historical, and current sizes of the market? • How will prominent firms surge sales of vegetable seeds amid COVID-19?
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The global drip irrigation market size is projected to reach USD 9.37 billion by the end of 2026. The increasing number of farming activities will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Drip Irrigation Market Size, Share & Industry Analysis, By Component (Emitters, Drip Tubes/Drip Lines, Pressure Pumps, Filters, Valves, and Others), Crop Type (Field Crops, Orchard Crops, Landscape & Turf, and Others), Application (Surface and Subsurface), and Regional Forecast, 2019 – 2026,” the market was worth USD 4.63 billion and will exhibit a CAGR of 9.3% during the forecast period. Increasing Number of Product Launches Will Provide Impetus to Market Growth The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of product launches has emerged in favor of market growth. Due to the constantly rising demand for drip irrigation systems across the world, several companies are looking to invest hugely in the development of advanced concepts. The adoption of modern technologies has yielded a few exceptional products in recent years. In August 2019, Rivulis Irrigation announced the launch of a new product for drip irrigation system. The company introduced ‘Manna,’ a satellite based software solution which will be used in drip irrigation systems across the country. The company’s latest product will have a massive impact on the growth of the overall market in the coming years. Asia Pacific to Emerge Dominant; Increasing Agricultural Activities to Aid Growth The report analyzes the ongoing drip irrigation market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific is likely to generate the highest revenue in the coming years. The increasing number of farming and agricultural activities in several countries across this region will aid the growth of the market. As of 2018, the market in Asia Pacific was worth USD 2.08 billion and this value is likely to increase further in the coming years. Browse Complete Report [email protected] https://www.fortunebusinessinsights.com/drip-irrigation-market-102684 A few of the leading companies that are currently operating in the global market include: • Lindsay Corporation • Jain Irrigation Systems Ltd. • Rivulis Irrigation Ltd. • Rain Bird Corporation • Sistema Azud • Netafim Limited • The Toro Company • Elgo Irrigation Ltd. • Chinadrip Irrigation Equipment Co. Ltd. • Metzer Group • Antelco Pty Ltd. Industry Developments: November 2019: The government of Tamil Nadu, India, announced an increase in the subsidy amount for farmers who are engaged in drip irrigation-based sugarcane farming. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Drip irrigation is used across several agricultural practises for water distribution purposes. The ability of a drip irrigation system to minimize water wastage as well as maximize the amount of nutrient consumed by the crops, is a major factor why this concept has gained massive popularity in recent years. The massive investments in the R&D of new products will constitute an increase in the overall drip irrigation market size in the coming years. The presence of numerous agricultural subsidies will contribute to the growing adoption of drip irrigation systems across the world. Moreover, the emphasis on adoption of sustainable farming and agricultural practises will aid the growth of the market. The growing demand for a highly efficient agricultural produce will create a subsequent demand for drip irrigation systems across the world.
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The global toys market size is expected to experience significant growth by reaching USD 212.49 billion in 2027 while exhibiting a CAGR of 7.3% between 2020 and 2027. This is attributable to the increasing social media influence that is being leveraged by the manufacturing companies to boost their revenues globally. Fortune Business Insights published this information in its latest report, titled, “Toys Market Size, Share & COVID-19 Impact Analysis, By Product Type (Dolls, Outdoor and Sports Toys, Building and Construction Set, Infant and Preschool Toys, Games & Puzzles, and Others), Age Group (0-3 Years, 3-5 Years, 5-12 Years, 12-18 Years, and 18+ Years), Distribution Channel (Online and Offline), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 105.85 billion in 2019. COVID-19 Impact: Market to Exhibit Astonishing 22.30% CAGR in 2020 The lockdown is turning out to be favorable for several toy manufacturers as they are registering significant sales. To enable entertainment of the kids confined at their home spaces, parents are buying play products through offline and online platforms. Therefore, based on our analysis, the market is likely to exhibit an impressive CAGR of 22.30% in 2020. Toys are entertainment products preferred by kids of all ages. They play an important role in developing the cognitive skills of the children and are available in different shapes and sizes across several stores. What does the Report Provide? The market report provides a qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market. Moreover, the research analyst has adopted several research methodologies such as Porter’s Five Forces analysis to extract information about the current trends and industry developments that will drive the market growth between 2020 and 2027. DRIVING FACTORS: Increasing Social Media Influence to Aid Growth The companies present in the market are leveraging the opportunities provided by the social media platform. With more and more children engaged to social media, the companies are partnering with market agencies to improve their brand presence through these platforms. Moreover, active participation of key players through different technological events that promote gaming is expected to boost the adoption of innovative and advanced toys. These factors are anticipated to favor the toys market growth during the forecast period. Browse Complete Report Summary @ https://www.fortunebusinessinsights.com/toys-market-104699 SEGMENTATION: Dolls Segment Held 28.73% Market Share in 2019 Based on product, the dolls segment held a market share of about 28.73% in 2019 and is projected to showcase exponential growth owing to the availability of different types of dolls based on cartoon characters that are being preferred by the children globally. REGIONAL INSIGHTS: Growing Gifting Trend in North America to Propel Market Growth Among all the regions, North America is expected to hold the highest position in the global market during the forecast period. This is attributable to the growing gifting trend in countries such as the United States that is likely to drive the demand for toys during special occasions such as birthdays in the region. North America stood at USD 35.88 billion in 2019. The market in Asia-Pacific is anticipated to showcase considerable growth owing to the growing demand for art & craft toys amongst the children in the region between 2020 and 2027. COMPETITIVE LANDSCAPE Product Innovation by Prominent Companies to Brighten Their Market Positions The global market is experiencing healthy competition between the major companies that are striving to maintain a stronghold. These companies are developing innovative toys and other kid entertainment products to cater to the growing demand amongst their patrons. Additionally, other key players are trying to gain a competitive edge over their rivals by adopting strategies such as merger and acquisition, collaboration, and partnership during the forecast period. Industry Development: November 2020 – Luki Lab, a division of Strottman International, introduced two creative toy series, Gojo Adventure and Pinxies during Christmas holidays. The company is focusing on leveraging the festive occasion to boost their sales revenue by catering to the demand for entertainment products amongst the kids. List of the Companies Profiled in the Market: • Lego System A/S (Billund, Denmark) • Hasbro Inc. (Rhode Island, U.S.) • Mattel Inc. (California, U.S.) • Ravensburger Holding GmbH & Co. KG (Ravensburg, Germany) • Spin Master (Toronto, Canada) • MGA Entertainment Inc. (California, U.S.) • PAI Partners (Paris, France) • Nintendo Co. Ltd. (Kyoto, Japan) • Radio Flyer (Illinois, U.S.) • L. Lindsay & Company (New South Wales, Australia) • Artsana Group (Grandate, Italy) • K’Nex Industries Inc. (Pennsylvania, U.S.)
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The global vegetable seeds market is expected to gain impetus from the increasing awareness regarding the benefits of consuming vegetables in developing and developed countries. The World Health Organization (WHO) declared that lower consumption of fruits and vegetables causes around 1.7 million deaths worldwide per year. This information is given by Fortune Business Insights™ in a published report, titled, “Vegetable Seeds Market Size, Share & COVID-19 Impact Analysis, By Type (Open Pollinated Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb, Cucurbit, Brassica, Leafy, and Others), Cultivation Method, and Regional Forecast, 2020 – 2027.” The report further states that the vegetable seeds market size was valued at USD 5.78 billion in 2019 and is projected to reach USD 10.48 billion by 2027, exhibiting a CAGR of 7.8% during the forecast period. Segment- Solanaceae Segment to Grow Rapidly Backed by Rising Investments by Key Companies Based on crop type, the Solanaceae segment earned 41.88% in terms of vegetable seeds market share in 2019. This growth is attributable to the rising investments by reputed vegetable seeds manufacturers in developing premium-quality seeds, such as hybrid tomato. The segment mainly consists of pepper, eggplant, potatoes, and tomatoes. Browse Complete Report [email protected] https://www.fortunebusinessinsights.com/vegetable-seed-market-103066 Regional Analysis- Asia Pacific to Remain at Forefront Backed by Expansion of Agriculture Industry Geographically, in 2019, Asia Pacific procured USD 2.86 billion in terms of revenue. The region is set to retain its dominant position throughout the forthcoming years stoked by the increasing area under horticultural crops in the region. Apart from that, the expansion of the agriculture industry is set to contribute to this growth. India and China are the most significant countries that report high vegetable consumption and production. Europe, on the other hand, is set to exhibit considerable growth backed by the increasing advancements in the field of breeding technologies. It will help in the development of high-quality vegetable seeds. In North America, the demand for the product is set to be high from Mexico and the U.S. Competitive Landscape- Key Players Focus on Acquisition Strategy to Gain a Competitive Edge The market for vegetable seeds is consolidated owing to the rising number of mergers and acquisitions. Numerous multinational firms are investing hefty amounts of money in innovating brewing techniques to meet the increasing demand. Below are the latest industry developments: • April 2020: Sakata Seed America successfully acquired Vanguard Seed, a lettuce seed company headquartered in the U.S. to introduce a wide variety of lettuce in the market. • February 2019: Syngenta Flowers recently unveiled Vegetalis, its new vegetable portfolio. It contains high-performing herb and vegetable seeds. A list of all the vegetable seeds manufacturers operating in the global market: • BASF SE- Germany • Bayer AG. – Germany • Syngenta AG – Switzerland • Groupe Limagrain- France • Rijk Zwaan Zaadteelt en Zaadhandel B.V- Netherlands • Sakata Seed Corporation- Japan • Takii & Co., Ltd- Japan • Enza Zaden BV- Netherlands • East-West Seed- Thailand • Bejo Zaden B.V.- Netherlands COVID-19: No Disruptions in Supply Chain as Fruits & Vegetables are Essential Commodities According to the International Seed Federation (ISF), the outbreak of the COVID-19 pandemic has had a lesser impact on the seed industry. This occurred because fruits and vegetables are considered to be essential items. Countries with the largest number of COVID-19 cases are also receiving vegetable seeds efficiently so that the farmers can grow more crops to cater to the increasing demand. Our extensively researched reports will help you to find the right strategy to boost sustainability and prevent food shortages amid this pandemic. This Report Answers the Following Questions: • Which segment is likely to lead the market in the coming years? • Which company would generate the highest revenue in the future? • What are the predicted, historical, and current sizes of the market? • How will prominent firms surge sales of vegetable seeds amid COVID-19?
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The global drip irrigation market size is projected to reach USD 9.37 billion by the end of 2026. The increasing number of farming activities will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Drip Irrigation Market Size, Share & Industry Analysis, By Component (Emitters, Drip Tubes/Drip Lines, Pressure Pumps, Filters, Valves, and Others), Crop Type (Field Crops, Orchard Crops, Landscape & Turf, and Others), Application (Surface and Subsurface), and Regional Forecast, 2019 – 2026,” the market was worth USD 4.63 billion and will exhibit a CAGR of 9.3% during the forecast period. Increasing Number of Product Launches Will Provide Impetus to Market Growth The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of product launches has emerged in favor of market growth. Due to the constantly rising demand for drip irrigation systems across the world, several companies are looking to invest hugely in the development of advanced concepts. The adoption of modern technologies has yielded a few exceptional products in recent years. In August 2019, Rivulis Irrigation announced the launch of a new product for drip irrigation system. The company introduced ‘Manna,’ a satellite based software solution which will be used in drip irrigation systems across the country. The company’s latest product will have a massive impact on the growth of the overall market in the coming years. Asia Pacific to Emerge Dominant; Increasing Agricultural Activities to Aid Growth The report analyzes the ongoing drip irrigation market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific is likely to generate the highest revenue in the coming years. The increasing number of farming and agricultural activities in several countries across this region will aid the growth of the market. As of 2018, the market in Asia Pacific was worth USD 2.08 billion and this value is likely to increase further in the coming years. Browse Complete Report [email protected] https://www.fortunebusinessinsights.com/drip-irrigation-market-102684 A few of the leading companies that are currently operating in the global market include: • Lindsay Corporation • Jain Irrigation Systems Ltd. • Rivulis Irrigation Ltd. • Rain Bird Corporation • Sistema Azud • Netafim Limited • The Toro Company • Elgo Irrigation Ltd. • Chinadrip Irrigation Equipment Co. Ltd. • Metzer Group • Antelco Pty Ltd. Industry Developments: November 2019: The government of Tamil Nadu, India, announced an increase in the subsidy amount for farmers who are engaged in drip irrigation-based sugarcane farming. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Drip irrigation is used across several agricultural practises for water distribution purposes. The ability of a drip irrigation system to minimize water wastage as well as maximize the amount of nutrient consumed by the crops, is a major factor why this concept has gained massive popularity in recent years. The massive investments in the R&D of new products will constitute an increase in the overall drip irrigation market size in the coming years. The presence of numerous agricultural subsidies will contribute to the growing adoption of drip irrigation systems across the world. Moreover, the emphasis on adoption of sustainable farming and agricultural practises will aid the growth of the market. The growing demand for a highly efficient agricultural produce will create a subsequent demand for drip irrigation systems across the world.
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