Harshal J Profile

Commercial Drones Market by Type (Single-rotor, Multi-rotor, Fixed-wing, Fixed-wing Hybrid VTOL), Payload (Up to 2kg, 2kg to 10kg, 10kg to 25kg, More than 25kg), Application, End-use Industry, and Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the commercial drones market is projected to reach $9.8 billion by 2031, at a CAGR of 17.2% from 2024 to 2031. The growth of the commercial drones market is driven by the rising trend of using commercial drones for capturing high-quality images and videos, the integration of Artificial Intelligence (AI) & Machine Learning (ML) into drones, and the increasing popularity of on-demand deliveries. However, drones’ limited battery life and flight duration and the lack of qualified personnel to operate and maintain drones restrain the growth of this market.

Snacks Processing Equipment Market by Type (Conveyers, Sorting, Dryers, Mixing, Cutting, Coating, Packaging, Mode of Operation (Semi/Manual, Automatic), Snack Type (Chips, Extruded Snacks, Bakery & Confectionery), and Geography – Global Forecasts to 2030

According to this latest publication from Meticulous Research®, the global snacks processing equipment market is projected to reach $1.7 billion by 2030, at a CAGR of 6.0% from 2023 to 2030. The growth of the snacks processing equipment market is driven by the growing consumption of healthy snacks, the rising demand for processed/convenience foods, and consumers’ increased focus on food hygiene since the COVID-19 pandemic. However, the high cost of snack processing equipment restrains the growth of this market. Furthermore, increasing government support for the food processing industry is expected to generate growth opportunities for the players operating in this market. However, the shortage of trained labor and consumers’ increasing inclination toward minimally processed food products are major challenges impacting the market’s growth.

Non-destructive Testing Services Market Size, Share, Forecast, & Trends Analysis by Type (Inspection, Training, Others), Method (Radiographic, Ultrasonic, Others), Application (Flaw Detection, Others), End-use Industry (Oil & Gas, Manufacturing, Others), & Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the non-destructive testing (NDT) services market is projected to reach $18.58 billion by 2031, at a CAGR of 9.4% from 2024 to 2031. The growth of the NDT services market is driven by stringent regulatory standards imposed by governments regarding public safety and product quality, the rising need to assess the structural integrity of aging infrastructure and assets, and the rising significance of advanced NDT techniques in the industrial sector. However, the high cost of NDT services restrains the growth of this market.

Algae Products Market Size, Share, Forecast, & Trends Analysis by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Food & Beverage, Nutraceuticals) – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the algae products market is projected to reach $6.01 billion by 2031, at a CAGR of 7.9% from 2024 to 2031. The growth of the algae products market is driven by consumers’ increasing preference for algae-sourced products, the growth in vegetarianism, the rising demand for natural food colors, and the rapid growth of the nutraceuticals industry. However, complexities in algae production and low awareness regarding the benefits of algae restrain the growth of this market. Furthermore, the growing demand for biofuels is expected to generate growth opportunities for the players operating in this market. However, the risk of algae contamination is a major challenge impacting market growth.

South East Asia Food Processing Equipment Market by Type (Meat Processing Equipment, Beverage Processing Equipment, Dairy Processing Equipment, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic), and Geography – Forecast to 2031

According to this latest publication from Meticulous Research®, the South East Asia food processing market is expected to record a CAGR of 5.6% from 2024 to 2031 to reach $5.57 billion by 2031. The growth of the South East Asia food processing equipment market is driven by the growing need to increase productivity, increasing demand for processed foods, food manufacturers’ increasing focus on reducing production costs, growing focus on food and worker safety, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.

Protein Assays Market by Type (Dye-based, Copper-based) Technology (Fluorescence, Absorbance, Colorimetric) Offering (Reagent, Kit, Instrument) Application (R&D, Drug Discovery, Diagnostics) End User (Pharmaceutical, Hospital) – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the global protein assays market is projected to reach $4.36 billion by 2031 at a CAGR of 9.3% from 2024 to 2031. The growth of this market can be attributed to various factors, such as increasing pharmaceutical R&D expenditure, rising use of protein assays in drug discovery & development, growth in the food & beverage industry, and rising use of protein assays in clinical diagnostics tests. However, the high cost of protein assay equipment restrains market growth.

Smart Waste Management Market by Offering (Solutions, Services), Function (Smart Collection, Processing, Disposal), Application (Residential & Municipality, Industrial, Commercial, Construction & Demolition), and Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the global smart waste management market is projected to reach $12.6 billion by 2031, at a CAGR of 17.3% from 2024–2031. The growth of the smart waste management market is driven by the growing adoption of smart bins, the rising integration of IoT, and increasing concern over the environmental impact of waste management. However, the high cost of connected network infrastructure in developing nations restrain the growth of this market. Moreover, the growing adoption of smart city initiatives across the globe and the use of technological advancements in waste management devices are expected to generate market growth opportunities. However, non-uniform waste distribution in bins is a major challenge for market stakeholders. Additionally, the growing adoption of data analytics and machine learning in waste management are prominent trends in this market.

Algae Products Market for Cosmetics by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Skin Care {Moisturizers}, Hair Care Products), and Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the algae products market for cosmetics is projected to reach $1.10 billion by 2031, at a CAGR of 9.6% from 2024 to 2031. The growth of the algae products market for cosmetics is driven by the growing cosmetics industry, increasing consumer preference for cruelty-free and vegan cosmetics, and rising awareness regarding the health benefits of organic cosmetic products. However, the complexities in algae production and the lack of R&D activities in underdeveloped countries restrain the growth of this market.

Antimicrobial Coatings Market by Product (Silver, Copper, Aluminum, Organic, Polymer), Form (Liquid [Solvent, Water Borne], Powder, Aerosol, Gel), Industry (Construction, Food, Medical, Pharmaceutical, Automotive, Machinery) – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the antimicrobial coatings market is projected to reach $12.41 billion by 2031, at a CAGR of 10.8% during the forecast period. The growth of this market is driven by rising applications of antimicrobial coatings to reduce healthcare-associated infections, the increase in contaminated food recalls in North America and Europe, initiatives, and funding for advancements in antimicrobial coatings, and rising demand for antimicrobial coatings in the food & beverage industry. Additionally, emerging economies, the introduction of antimicrobial coatings in the retail food marketplace, and rising space programs across the world are expected to offer significant market growth opportunities.

Bioreactors Market Size, Share, Forecast, & Trends Analysis by Type (Continuous Stirred Tank, Photobioreactor), Bioprocess (Batch, Continuous), Usability (Reusable, Single-use), Scale (Pilot, Industrial), Cell Type, Application, User – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the bioreactors market is projected to reach $39.96 billion by 2031, at a CAGR of 10.1% from 2024 to 2031. The growth of the bioreactors market is driven by several factors, including the capacity expansion of biopharmaceutical plants, the growing pharmaceutical market, rising pharmaceutical R&D expenditures, rising adoption of biosimilars, and growing adoption of single-use technologies in the pharmaceutical and biotechnology industries. Factors such as technological advancements in bioreactor technologies and rising adoption of personalized medicines and cell & gene therapies are opportunities for market growth. Risk of extractables and leachable (E&L) in biomanufacturing processes using single-use bioreactors, process scale-up limitations, the need to standardize single-use bioreactor designs, and environmental concerns related to the disposal of single-use bioreactors challenge the market growth. However, the complex development and manufacturing process of biopharmaceuticals and intensive capital requirements for biopharmaceutical production restrain the growth of the market.