Harshal J Profile

Europe Sausage Casings Market by Type (Artificial Casings, Natural Casings), Application (Animal Meat Sausages, Vegan Sausages), Distribution Channel (Offline, Online), End User (Food Processors, Retailers), and Country – Forecast to 2030

The Europe Sausage Casings Market is projected to reach $2.72 billion by 2030, at a CAGR of 4.1% during the forecast period of 2023 to 2030. The growth of the Europe sausage casings market is driven by the growing preference for artificial casings by sausage manufacturers, increasing meat production and consumption in Europe, and the rising consumption of ready-to-eat and ready-to-cook food products. However, complexities in the use of natural sausage casings restrain the growth of this market. The emergence of vegetarian sausage casings is expected to generate growth opportunities for the players operating in this market. However, animal disease & health concerns are a major challenge for market growth.

Smart Irrigation Market by Type (Weather Based, Soil Moisture Based) Component (Monitoring, Controlling, Connectivity, Software), Irrigation Type (Sprinkler, Drip, Surface, Pivot), End Use, and Geography – Global Forecast to 2030

The Smart Irrigation Market to reach $10.2 billion by 2030, at a CAGR of 22.4% from 2023 to 2030. The growth of the smart irrigation market is driven by the rising need for water efficiency & conservation, the surge in government policies to promote sustainable agriculture & efficient use of water resources, and the growing demand for soil moisture monitoring in various areas, including agriculture, landscaping, and gardening. In addition, the increasing integration of technologies such as IoT sensors, Wi-Fi, & GPS in irrigation controllers and the increasing adoption of weather and sensor-based controllers are expected to offer significant opportunities for the growth of this market.

However, the high cost of installation hampers the growth of this market. In addition, the lack of proper water infrastructure in developing countries is a major challenge to the growth of this market.

Intelligent Document Processing Market by Offering (Solutions, Services), Deployment Mode (Cloud, On-premise), Technology (ML, Computer Vision, NLP, RPA, OCR), End Users (BFSI, Government & Public Sector, & Others), & Geography – Global Forecast to 2031

The Intelligent Document Processing Market is projected to reach $9.18 billion by 2031, at a CAGR of 25.8% during the forecast period of 2024–2031. The growth of this market is driven by the rising inclination of enterprises towards digital transformation and the integration of AI for document processing. In addition, the increasing adoption of cloud-based solutions, increasing human-in-the-loop approach in intelligent document processing, and growing use of intelligent document processing for real-time applications are expected to offer significant growth opportunities for the stakeholders in the intelligent document processing market.

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

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 required to operate and maintain drones restrain the growth of this market.

The increasing demand for BVLOS (Beyond Visual Line Of Sight) drones among enterprise customers is expected to generate significant growth opportunities for the players operating in the commercial drones market.

Single-use Bioreactors Market by Product [Systems, Media Bags (2D, 3D), Filtration Assemblies], Type [Stirred-tank, Wave-induced], Cell [Mammalian, Bacterial, Yeast], Application [Commercial (Mab, Vaccine), Research], End User – Global Forecast to 2030

The Single-use Bioreactors Market is projected to reach $10.3 billion by 2030, at a CAGR of 15.8% from 2023 to 2030. Single-use bioreactors, also called disposable bioreactors, are made of disposable bags instead of a culture vessel. These bioreactors eliminate the need for expensive and bulky clean-in-place (CIP) or steam-in-place (SIP) systems and offer flexibility and a low risk of contamination, contributing to their adoption by pharma & biotech companies. These companies are focusing on organic & inorganic strategies like expanding manufacturing capacity or acquisitions to increase their bioproduction, increasing the adoption of biopharma equipment, including bioreactors.

For instance, in December 2022, Thermo Fisher Scientific Inc. (U.S.) expanded its presence in Hangzhou, China, to support customers' manufacturing needs, enabling them to serve more patients worldwide. This site offers integrated clinical and commercial drug substance and drug product capabilities, including process development, cell line development, biologics drug substance manufacturing and sterile fill-finish. This includes the use of packaging and labeling capabilities. Advanced technologies in the facility include Thermo Fisher 2,000-liter HyPerforma Single-Use Bioreactors and associated Single-Use equipment and, in the future, bioreactor capacity up to 5,000 liters through Thermo Scientific DynaDrive technology.

In March 2021, Pall Corporation (U.S.), a subsidiary of Danaher Corporation (U.S.), acquired Pall-Austar Lifesciences Limited (Hong Kong) (a joint Venture between Pall and Austar Group). This acquisition is intended to expand the single-use technology manufacturing capabilities of the company in China for products supporting the scale-up of COVID-19 vaccines.

The rapid adoption of disposable technology in the pharmaceutical and biotechnology industry, growing demand for biopharmaceuticals, and capacity expansion of biopharmaceutical plants are some of the major factors driving the growth of the single-use bioreactors market.

Network Security Firewall Market by Component (Solutions, Services), Type (Unified Threat Management, Next-generation Firewall), Deployment Mode, Organization Size, and Sector (BFSI, Retail, and Other Sectors) and Geography – Global Forecast to 2030

The Network Security Firewall Market to reach $16.2 billion by 2030 at a CAGR of 19.7% during 2023–2030. The growth of the network security firewall market is driven by the rising government regulations encouraging the demand for network security firewalls, the growing significance of network security firewall solutions in the BFSI sector, the increasing demand for network security and privacy, and the advancement of digital transformation in the telecommunication industry. However, the lack of preventive firewall maintenance restrains the growth of the network security firewall market.

Further, the growing need for network security firewall solutions among SMEs and increasing adoption of network function virtualization is expected to create market growth opportunities. Also, misconceptions & lack of knowledge regarding network security firewall solutions are challenging for the players operating in this market.

Antiviral & Antimicrobial Coatings Market by Type (Antimicrobial, Antiviral), Material (Copper, Silver, Aluminum), Form (Powder, Aerosol), Application (Healthcare, Building & Construction, Automotive, Packaging), and Geography – Forecast to 2028

The Antiviral & Antimicrobial Coatings Market is expected to grow at a CAGR of 11.7% from 2021 to 2028 to reach $8.53 billion by 2028. Antiviral & antimicrobial coatings are used to restrict the growth of viruses and other microorganisms. These coatings provide long-lasting protection against microorganisms and help maintain permanent hygiene. They have wide applications in healthcare, building & construction, food & beverage, packaging, air & water treatment, automotive, protective clothing, and other industries like oil & gas, electronics, and aeronautics & defense.

The growth of this market is mainly attributed to the increasing incidence of healthcare-associated infections, the rising number of food product recalls due to microbial contamination, and government initiatives & funding for the development of antimicrobial coatings. Favorable development in the emerging economies is expected to offer significant growth opportunities for players in this market. However, stringent government regulation on the emission of volatile organic compounds (VOCs) is expected to restrain the growth of this market to a certain extent. Additionally, the growing antimicrobial resistance among micro-organisms is expected to pose challenges to market growth.

U.S. Water and Wastewater Treatment Technologies Market by Treatment Technologies Type (Membrane Separation & Filtration, Sludge Management Technology, Activated Sludge, Clarification) and Application – Forecasts to 2029

The U.S. Water and Wastewater Treatment Technologies Market is expected to reach a value of $24.63 billion by 2029, at a CAGR of 5% during the forecast period 2022–2029. The growth of the U.S. water and wastewater treatment technologies market is attributed to stringent regulations on the safe and appropriate use of onsite wastewater treatment systems (OWTS), improvements in wastewater treatment technology, and the increasing prevalence of waterborne diseases.

Furthermore, the growing demand for energy-efficient and advanced water treatment technologies is expected to provide significant growth opportunities for the vendors operating in the U.S. water and wastewater treatment technologies market. However, the high installation, maintenance, and operational costs are expected to hinder the growth of this market to a notable extent. In addition, the aging and deterioration of existing water infrastructure are the challenges for the growth of the U.S. water and wastewater treatment technologies 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 Forecast to 2030

The Snacks Processing Equipment Market is projected to reach $1.7 billion by 2030, at a CAGR of 6% during the forecast period 2023–2030. 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.

Additionally, the integration of automation and smart technologies into snack processing equipment is a key trend in the global snacks processing equipment market.

Veterinary Molecular Diagnostics Market by Product (Kits & Reagents, System & Software), Technology (PCR, Microarray, DNA Seq), Animal Type (Companion, Livestock), Application (Infectious Disease, Genetics), End User (Hospital, Clinical Lab) – Forecast to 2029

The Veterinary Molecular Diagnostics Market is expected to grow at a CAGR of 9.2% from 2022 to 2029 to reach $1.13 billion by 2029. Factors such as the growing pet animal population, high animal healthcare expenditure, ongoing advancements in veterinary molecular diagnostics, and the high sensitivity and specificity of MDx tests are supporting the market growth. Moreover, emerging markets, advancements in veterinary diagnostics technologies, and increasing efforts by organizations to promote animal welfare are expected to offer opportunities for the global veterinary molecular diagnostics market.