Indoor Farming Technology Global Market Report 2023 – By Crop Type (Fruits And Vegetables, Flowers And Ornamentals, Herbs And Microgreens), By Component (Hardware, Software And Services, Integrated Systems), By Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems), By Growing System (Aeroponics, Aquaponics, Hybrid) – Market Size, Trends, And Global Forecast 2023-2032

Green Hydrogen Market Definition

The green hydrogen market consists of sales of hydrogen-based fuel by entities (organizations, sole traders, and partnerships) that are produced from electrolyzing water by using electricity. Green hydrogen gas is created by dividing water into hydrogen and oxygen using an electrolyzer that can be powered by renewable energy sources. Green hydrogen is environmentally friendly and can be stored and converted back to energy or heat when required. Green hydrogen is defined as hydrogen produced by splitting water into hydrogen and oxygen using renewable energy. Through electrolysis, electrical current is used to separate the hydrogen from the oxygen in water using a continuous electric current that is passed through water with electrodes. The electric current used in this process comes from renewable sources such as wind, solar or hydro power sources, thus making the hydrogen production process environmentally friendly. Other hydrogen such as grey hydrogen or blue hydrogen use non-renewable sources such as methane or coal for the generation of hydrogen, which releases greenhouse gases into the atmosphere. However, green hydrogen uses only renewable energy sources, thus preventing any carbon by-products.

Low voltage switchgear refers to electrical switchgear rated up to 1KV. They are used in low voltage distribution boards to protect the low voltage system. The main products of low voltage switchgear are fixed mounting, plug-in, and withdrawable units. Withdrawable switchgear is electrical switchgear that can be withdrawn and reinserted into the switchgear. The products are installed indoors and outdoor with various voltage ratings such as less than 250V, 250-750V, and 751-1000V. Low voltage switchgear is used by residential, commercial, and industrial end-users. The global low voltage switchgear market is segmented – 1) By Product: Fixed Mounting, Plug-in, Withdrawable Unit 2) By End User: Residential, Commercial, Industrial 3) By Voltage Rating: Less than 250V, 250-750V, 751-1000V 4) By Installation: Indoor, Outdoor The global low voltage switchgear (<=1kv) market size will grow from $28.16 billion in 2022 to $30.8 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of low voltage switchgear (<=1kv) is expected to grow to $42.54 billion in 2027 at a CAGR of 8.4%. The demand for electricity generation is projected to drive the low voltage switchgear market. Development of industrialization and urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Production of energy is sustainable growth with demand in rural and urban areas with ongoing improvements to the integration of protection of supply, which will drive industry growth For instance, in January 2022, according to electricity market report published by International Energy Agency, a France-based intergovernmental organisation, the global electricity demand grew by 6% in 2021. Additionally, the demand for electricity in China reached to 744 TWh in 2021 from 296 TWh in 2020. Therefore, the demand for electricity generation is projected to propel the demand for low voltage switchgear market. Major players in the low voltage switchgear market are ABB Limited, Al Hassan Engineering Co. S.A.O.G., E + I Engineering Ltd., Eaton Corporation, Fuji Electric, General Electric, Hitachi Limited, Hubbell Power Systems, Hyosung Corporation, Hyundai Electric & Energy Systems, and L&T Electrical and Automation. Unpredictable economic conditions in commercial and residential sectors are hindering market growth. Increasing prices of raw materials and limited flow of investments in the energy sector act as a restraint for the market. For instance, according to the International Monetary Fund, global economic growth will slow to 4.4% in 2022due to sluggish industrial activities from construction, factories, and commercial firms, as they consume about half the country’s electricity. Thereby, the uncertain economic situation significantly affects the growth of the low voltage switchgear market. The development of digital switchgear has become an emerging trend in the low voltage switchgear market. Digital switchgear uses the collected information to analyse the performance of current levels, temperature, operating cycles, and load levels which help in improving the performance and reliability of switchgear. Smart switchgear allows grid optimization, improved quality, and reduces both transmission and operating losses. For instance, in November 2020, ABB Ltd., a Switzerland-based automation company, introduced NeoGear low-voltage switchgear. It is safer, smarter, and more sustainable, increasing efficiency while decreasing expenses for digitalized industries. It includes real-time condition monitoring and predictive maintenance, remote support, fault and solution diagnostics, and data analytics for Industry 4.0. Therefore, digital switchgear is expected to gain popularity in the low voltage switchgear market. In January 2020, Siemens Ltd., a Germany-based engineering and electronics company acquired C&S Electric Limited for Rs 2,100 crore (294.4 million). With this acquisition, Siemens aimed to cater to the demand for reliable and efficient power supply in India. C&S Electric Limited is an Indian-based switchgear and power equipment manufacturing company. Asia-Pacific was the largest region in the low voltage switchgear market in 2022. Western Europe was the second-largest region in the low voltage switchgear market share. The regions covered in the global low voltage switchgear market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the low voltage switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The low voltage switchgear market consists of sales of low voltage circuit breakers, switches, off load electrical isolators, earth leakage circuit breakers, and other low voltage switchgear. They are used to protect the low voltage system. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The low voltage switchgear market research report is one of a series of new reports from The Business Research Company that provides low voltage switchgear market statistics, including low voltage switchgear industry global market size, regional shares, competitors with a low voltage switchgear market share, detailed low voltage switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the low voltage switchgear industry. This low voltage switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plant factory refers to agricultural production systems designed to turn crop production into a new model by using bioinformatics and industrial automation. This system enables to achieve the supreme yield, harvesting density, and financial impact by controlling the plant growth environment artificially. Plant Factory uses artificial controlled light, moisture, temperature, and carbon dioxide concentrations to grow plants and vegetables. The main facility types in plant factories are greenhouses, indoor farms, and other facility types. Indoor farms refer to the method of growing plants and crops indoors on large scale. Indoor farming is used to cultivate plants and crops and circulate and reuse the water. The light types used in plant factories are sunlight and full artificial light, they are used to cultivate fruits, vegetables, flowers ornamentals, and other crop types. The global plant factory market is segmented - 1) By Facility Type: Greenhouse, Indoor Farms, Other Facility Types 2) By Light Type: Sunlight, Full Artificial Light 3) By Growing System: Non-Soil-Based, Soil-Based, Hybrid 4) By Crop type: Fruits, Vegetables, Flower And Ornamental, Other Crop Types The global plant factory market size grew from $112.71 billion in 2022 to $120.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global plant factory is expected to grow to $158.16 billion in 2027 at a CAGR of 7.0%. The rise in demand for food due to the increasing population and challenges of climate change significantly contributes to the growth of the plant factory market. The world population and demand for food are growing, and losses in yield gains due to soil infertility, demographic change, climate change, and pest outbreaks are contributing to growth in the adoption of new plant factory methods for growing crops. For instance, In November 2020, according to a study published by International Institute for Applied Systems Analysis (IIASA), the food demand is expected to increase by 56% between 2010 and 2050. In addition to it, currently, 40% of the landmass is arid, and due to rising temperatures and climate change, more will turn into deserts, causing a reduction in food production. Therefore, the rise in demand for food due to the increasing population and challenges of climate change is driving the growth of the plant factory market. Major players in the plant factory market are AeroFarms, Mirai Co., Ltd., Farminova Plant Factory, Metropolis Farms, Urban Crops, Lufa Farms, Keystone Technology Inc., Green Plus Co., Ltd., Parus Europe, and Ryoden Corporation. Technological advancements are the key trends gaining popularity in the plant factory market. Major companies operating in the plant factory market are focused on providing continuous innovations to strengthen their market position by implementing various innovations and technologies such as LED-grown light, AI, Machine learning, dynamic resource allocation, and edge computing to optimize plant growth and increase productivity. For instance, In September 2020, Urban Crop Solutions, a Belgium-based developer and manufacturer of indoor vertical farming solutions, launched ModuleX Plant Factory, a vertical indoor farming system, which counters existing challenges in vertical farming operations. In March 2022, Plantas Group, a Danish company, acquired Euroflora for an undisclosed amount. The acquisition of EuroFlora is number three in a series of acquisitions and the largest corporate acquisition to date. In terms of organic growth, Plantas Group has opened subsidiary in Germany at the beginning of 2022 and expanded in Poland. EuroFlora is an Italy-based plant factory. Western Europe was the largest region in the plant factory market in 2022. The regions covered in the plant factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plant factory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The plant factory market includes revenues earned by entities providing services such as hydroponics aquaponics, aeroponics, and vertical planting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plant factory market research report is one of a series of new reports from The Business Research Company that provides plant factory market statistics, including plant factory industry global market size, regional shares, competitors with a plant factory market share, detailed plant factory market segments, market trends and opportunities, and any further data you may need to thrive in the plant factory industry. This plant factory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hydroponics refers to a method of growing crops without using soil, replacing it with another material to support the plant's roots, and doing so in nutrient-rich water. Because plants are more closely spaced out in a hydroponic system than they would be on a plot of land to cultivate the same number of plants, hydroponic plants generate more fruits and vegetables. The main types of hydroponics systems include aggregate systems and liquid systems. The aggregate system refers to a solid, and inert medium used to provide support growth of plants. Both open and closed aggregate systems are used based on dependence over-recovery or reuse of surplus amount of the solutions. They are used for indoor and outdoor farming of vegetables, fruits, and flowers. The global hydroponics market is segmented – 1) By Type: Aggregate Systems, Liquid Systems 2) By Farming: Indoor Farming, Outdoor Farming 3) By Crop Type: Vegetables, Fruits, Flowers The global hydroponics market size will grow from $12.71 billion in 2022 to $14.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydroponics market size is expected to grow to $21.9 billion in 2027 at a CAGR of 11.6%. The growing demand for exotic vegetables is expected to propel the hydroponics market. Rapid growth in urban population among emerging economies, and the growing establishment of gourmet restaurants across the globe are contributing to rapid growth in consumption of exotic vegetables such as mushrooms, tangy kiwis, green olives, and fresh broccoli, dragon fruit, and others. The increasing demand for exotic vegetables is expected to boost demand for a hydroponic system, as the commercial farmers involved in this sector are investing in advanced plantation equipment such as hydroponics to reduce operational expenses and increase profits. For Instance, In September 2021, according to estimates of agro farming, the Indian exotic vegetable market is expected to increase from 332 million metric tons by 2020 to 432 million metric tons by 2026. Therefore, the increasing demand for exotic vegetables is expected to boost demand for hydroponics systems during the forecast period. Major players in the hydroponics market are AeroFarms, Freight Farms, ScottsMiracle-Gro, General Hydroponics Inc., American Hydroponics, Hydrofarm Holdings Group, Hortisystems UK Ltd., BitMantis Innovations, NGS, Veggitech, Greentech Organic Hydroponics System, and AmHydro. Technological advancement is a key trend gaining popularity in the hydroponics market. Major companies operating in the hydroponics market are focused on providing technologically-advanced solutions to meet end-customer demands and strengthen their market position. These companies are implementing next-generation hydroponics solutions and technologies into their services, such as nutrient film technique, Ebb and Flow System, wick system, communication technology, sensors, irrigation systems, automation, robotics, artificial intelligence system, machine learning, computer vision, and others to grow plants in small spaces. For instance, In November 2021, Iron Ox, a US-based robotics and artificial intelligence-based farming company launched Grover, an autonomous mobile robot to assist farmers with monitoring, watering, and harvesting a wide variety of crops. Through automation and computer vision, Grover autonomously navigates the need of plants related to sunlight, nutrition, and water. In August 2021, Cargill, a US-based food and beverage manufacturing company, partnered with AeroFarms to improve cocoa bean yields by using more climate-resilient farming practices. With this partnership, these two firms will test various indoor growing technology such as aeroponics and hydroponics, light, carbon dioxide, irrigation, nutrition, plant space, and pruning to identify the best growth environment for cocoa trees. Aerofarms is a US-based farming company specialized in agriculture, aeroponics, hydroponics, leafy greens, clean technology, sustainable, vertical farming, and circular economy. Western Europe was the largest region in the hydroponics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydroponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydroponics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydroponics market includes revenues earned by entities by wick systems, water culture systems, drip systems, and aeroponic systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydroponics market research report is one of a series of new reports from The Business Research Company that provides hydroponics market statistics, including hydroponics industry global market size, regional shares, competitors with a hydroponics market share, detailed hydroponics market segments, market trends and opportunities, and any further data you may need to thrive in the hydroponics industry. This hydroponics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Microgreens refer to small plants between sprouts and baby greens in height, standing 1-3 inches (2.5-7.5 cm) tall. Microgreens can be grown from various seeds and are particularly convenient to grow because they can be grown anywhere, including outside, in greenhouses, and even on your windowsill. They come in various colors and textures, fragrant flavor, and contain concentrated nutrients. Compared to their more developed counterparts, they frequently have higher levels of vitamins, minerals, and antioxidants. The stems and leaves of microgreens are the only edible parts, making them more comparable to baby greens. Microgreens are used in various cold and warm recipes and are consumed raw, juiced, or blended. The main types of crops of microgreens are broccoli, cabbage, cauliflower, arugula, peas, basil, radish, cress, and other types. Broccoli refers to baby broccoli plants that are 1-2 inches tall at the time of harvest and are easy to grow. They are rich in nutrients including vitamin A, B, C, E, and K, macro elements such as calcium, magnesium, and phosphorous, and micro-elements that include iron, copper, and zinc. The main categories of microgreens include organic and conventional and they are grown in different platforms including indoor vertical farming, commercial greenhouse, and other farming methods. The end-users of microgreens include retail, food service, and others. The global microgreens market is segmented - 1) By Type: Broccoli, Cabbage, Cauliflower, Arugula, Peas, Basil, Radish, Cress, Other Types 2) By Category: Organic, Conventional 3) By Farming Method: Indoor Vertical Farming, Commercial Greenhouse, Other Farming 4) By End User: Retail, Food Service, Other End-users The global microgreens market size grew from $1.71 billion in 2022 to $1.94 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global microgreens is expected to grow to $3.04 billion in 2027 at a CAGR of 11.8%. Increasing indoor and vertical farming adoption is expected to drive the microgreens market. Vertical farming indoors is the process of growing foods stacked one above the other in a controlled, enclosed environment. Compared to conventional farming techniques, vertically installed growing shelves considerably minimize the quantity of land needed to cultivate plants. Due to its capacity to flourish in constrained spaces, this cultivation style is frequently connected with cities and urban farming. The benefits of indoor vertical farming range from sustainable urban growth to crop production maximization, with lower labor expenses. Microgreens are widely grown using vertical farming indoors because they do not consume much space. For instance, in 2021, according to Bayer, a multinational company with primary expertise in the life science industries of agriculture and healthcare, globally, there are 204,387 sq m (or 2.2 million sq ft) indoor farms in operation in 2022. In the following five years, that figure is anticipated to be nearly tenfold to 2 million sq m (or 22 million sq feet). Therefore, the Increase in indoor and vertical farming adoption would propel the microgreens market's growth. Major players in the microgreens market are AeroFarms LLC, Goodleaf Farms, Living Earth Farm, Fresh Origins, Gotham Greens, Madar Farms, Teshuva Agricultural Projects Ltd., The Chef's Garden Inc., Farmbox Greens LLC, Living Earth Farm, Fresh Origins Farm, Jiangsu Skyplant Greenhouse Technology Co., Ltd., Shenzhen Sunlight Lighting Co., Ltd., Cherry Lane Farm, and Florida Microgreens. Technological advancement is a key trend in the microgreens market. Artificial intelligence is used in microgreens production to improve the quality of production. Microgreens in capsules are grown properly under the supervision of artificial intelligence-powered systems. It keeps track of their development through a chip within the growing cabinet, alerts in case of any problems, and advises when it's best to harvest the herbs. In February 2021, GOhydro, an Attiki-based smart-sensing ICT platform that keeps track of the nutrient content and health of hydroponically grown microgreens, developed a smart-sensing, AI-driven hydroponic platform for home settings. The platform's development depended on an analysis of the variables influencing the growth and nutritional value of micro-greens like basil, coriander, and parsley, as well as their relationships to environmental and cultivational requirements. These elements will guide the process of choosing a collection of different sensors. Future applications of these techniques include large-scale traditional agriculture and other growing environments. In September 2021, Green Life Farms, a US-based sustainable farming company that combines technology with agricultural best practices, acquired Finn Farms for an undisclosed amount. Through this acquisition, Green Life Farms has acquired 100% shares of Finn Farms, its equipment and site assets, and intellectual property and licensing rights. This deal enables Green Life Farms to expand its product portfolio and provide consumers with the freshest, tastiest leafy greens. Finn Farms is a US-based producer of hydroponic foods, including herbs and microgreens. North America was the largest region in the microgreens market in 2022. The regions covered in the microgreens market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the microgreens market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The microgreens market consists of sales of beets, Swiss chard, cucumber, sweet pea, endive, savoy, brussels sprouts, mustards, cauliflower, tatsois. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The microgreens market research report is one of a series of new reports from The Business Research Company that provides Microgreens market statistics, including microgreens industry global market size, regional shares, competitors with a microgreens market share, detailed microgreens market segments, market trends and opportunities, and any further data you may need to thrive in the microgreens industry. This microgreens market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Agricultural films refer to coring material, whether or not it comes in rolls. Film is used for composting, as well as for row coverings, hay bags, silo caps, trench silo covers, plant bed covers, and to conserve fodder. The raw materials commonly used in agricultural films are low-density polyethene (LDPE), ethylene-vinyl acetate (EVA), or ethylene-butyl acrylate (EBA) copolymers, and linear low-density polyethene (LLDPE). The main types of agricultural films are low-density polyethene, linear low-density polyethene, high-density polyethene, ethylene-vinyl acetate, and others. High-density polyethene is a low-cost, milky white, semi-translucent thermoplastic. It is stiffer and stronger than LDPE, with good impact strength and greater puncture resistance. The various forms of films include geomembrane, agricultural silage films, agricultural mulching films, greenhouse plastic/covering films that are used for bale wrapping and ensiling, silo bag manufacturing, tunnel covers, and bunker ensiling. The global agricultural films market is segmented – 1) By Type: Low-Density Polyethylene, Linear Low-Density Polyethylene, High-Density Polyethylene, Ethylene Vinyl Acetate, Other Types 2) By Film: Geomembrane, Agricultural Silage Films, Agricultural Mulching Films, Greenhouse Plastic Or Covering Film 3) By Application: Agricultural Films For Bale Wrapping And Ensiling, Agricultural Films For Silo Bags Manufacturing, Agricultural Films For Tunnel Covers, Agricultural Films For Bunker Ensiling The global agricultural films market size grew from $10.39 billion in 2022 to $11.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global agricultural films is expected to grow to $14.47 billion in 2027 at a CAGR of 6.5%. The increase in focus on improving agricultural output globally is expected to propel the growth of the agricultural films market going forward. Agricultural productivity, often known as output, is defined as total output per unit of a single input; partial factor productivity (PFP) metrics include land productivity (yield) and labour productivity. The growing population coupled with the demand for food and reduction in agricultural lands enhance the demand for productivity on existing agricultural lands. For instance, according to the Global Agricultural Productivity Report published in 2021, total factor productivity (TFP) is expanding at a 1.36% annual pace (2020-2019). This falls below the 1.73% yearly growth goal set by the Global Agricultural Productivity Index to meet consumers' food and bioenergy needs in 2050. Therefore, the increasing focus on improving agricultural output drives the growth of the agricultural films market. Major players in the agricultural films market are Berry Global Inc., Kuraray Co. Ltd., Coveris Group, TrioplastIndustrier AB, Armando Alvarez Group, RKW Group, AL-PACK Enterprises Ltd., RPC Group plc, The Dow Chemical Company, BASF SE, Ab Rani Plast Oy, INDEVCO Group, Takiron Co. Ltd., Britton Group Inc., and Anhui Guofeng Plastic Industry Co. Ltd. The introduction of biodegradable polymers to enhance production is shaping the agricultural film market. Major corporations are investing in biodegradable polymers with competitive mechanical properties in order to replace petroleum-based commodity plastics. For instance, in March 2022, Solvay S.A., a Belgian-based chemical manufacturing company, launched Jaguar. Jaguar is a guar-based biodegradable polymer solution that can be used to develop sustainable farming methods. This material provides greater strength and an aesthetic appearance. In June 2021, CNH Industrial N.V., a Netherland-based capital goods company, acquired Raven Industries Inc. for a deal amount of $ 2.1 billion. The acquisition will strengthen CNH Industrial's position in the global farm equipment industry by adding strong innovation capabilities in autonomous and precision agriculture technologies. Raven Industries Inc. is a US-based agriculture company that produces high-altitude balloons, radar systems, plastic film and sheeting, and precision agriculture products. Asia-Pacific was the largest region in the agricultural films market in 2022. The regions covered in the agricultural films market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agricultural films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agricultural films market consists of sales of tunnel film, water reservoir film, soil sterilization film, polyvinyl chloride, nylon, and teflon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agricultural films market research report is one of a series of new reports from The Business Research Company that provides agricultural films market statistics, including agricultural films industry global market size, regional shares, competitors with an agricultural films market share, detailed agricultural films market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural films industry. This agricultural film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Green cement refers to a form of cement produced with the help of a carbon-negative manufacturing process, which is an environmentally friendly process that reduces the carbon footprint of cement production and also reduces cement consumption. The raw materials used in it are discarded industrial wastes such as blast furnace slag, fly ash, and others. The main types of green cement are fly-ash-based, slag-based, and recycled aggregates. The term "fly ash-based green cement" refers to a byproduct of coal combustion.In some concrete mixtures, it can be used to replace up to 35% of the cement. Green cement is used in residential, commercial, and industrial areas for new construction activities, repair and maintenance activities. The global green cement market is segmented - 1) By Type: Fly-ash Based, Slag Based, Recycled Aggregates, Other Types 2) By Application: Residential, Commercial, Industrial 3) By End User: New Constructions Activities, Repair & Maintenance Activities The global green cement market size will grow from $27.75 billion in 2022 to $30.7 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The green cement market size is expected to grow to $46.89 billion in 2027 at a CAGR of 11.2%. The growth of awareness related to a reduction in carbon emissions and its detrimental effects is expected to propel the growth of the green cement market. The high contribution of the cement industry to CO2 emissions and its detrimental effects on human health have contributed to an increase in the shift towards the adoption of green cement. For instance, according to a report published by the International Energy Agency in 2021, the biggest ever drop in CO2 emissions occurred in 2020, when they fell by 5.8%, or about 2 Gt CO2, nearly five times more than the decline that occurred in 2009 after the global financial crisis. Further, in February 2022, according to the Environmental Protection Agency, a US-based governmental agency, the total rise in greenhouse gas emissions had increased by around 78%, with emissions from burning fossil fuels and industrial activities accounting for about 90% of the increase across the globe. Communities across the globe are investing in green cement to reduce their contribution to emissions and increase support for sustainable building materials, which is expected to boost demand for green cement during the forecast period. Major players in the green cement market are ACC Limited, Anhui Conch Cement, Solidia Technologies, Taiheiyo Cement Corporation, UltraTech Cement Limited, VotorantimCimentos, Ecocem Ireland Ltd., Heidelberg Cement, Kiran Global Chems, LafargeHolcim Ltd., Navrattan Blue Crete Industries, Taiwan Cement Corporation, CNBM,,Navrattan Group, and Italcementi. Technological innovations in green cement are a key trend gaining popularity in the green cement market. Major companies operating in the green cement sector are focused on developing new technological solutions to expand their existing product portfolio and strengthen their position in green cement, or eco-friendly cement. For instance, in February 2021, ACC Limited, an India-based cement manufacturer and subsidiary of the Holcim Group, launched EcoPact green cement to bring down carbon emissions due to production and implementation. EcoPact is a ready-mix concrete that reduces CO2 emissions by up to 100%. These innovations are a key trend in the green cement market. In February 2022, Eco Material Technologies, a US-based manufacturer of sustainable cementitious materials, acquired Boral Resources, a North American-based fly ash provider, and Green Cement, a Texas-based manufacturer of carbon cement alternatives, for an undisclosed amount. Eco Material Technologies is a newly established entity in the green cement sector, and the company is focusing on strengthening its production and research capabilities through these acquisitions. North America was the largest region in the green cement market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the green cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the green cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The green cement market consists of sales of oxychloride cement, geopolymer cement, magnesium cement, ferrocrete, and calcium sulfoaluminate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The green cement market research report is one of a series of new reports from The Business Research Company that provides green cement market statistics, including green cement industry global market size, regional shares, competitors with a green cement market share, detailed green cement market segments, market trends and opportunities, and any further data you may need to thrive in the green cement industry. This green cement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The algae products refer to a class of photosynthetic organisms found in both marine and freshwater habitats and are used in various industries for different purposes. As these organisms have a short doubling time, they are considered among the fastest-growing creatures. Algae are oxygen-exhaling, unicellular, or multicellular microorganisms that consume carbon dioxide and store essential nutrients, minerals, and vitamins. The main types of algae products are lipids, carrageenan, carotenoids, alginate, and algal protein. Algal lipids are extensively used for the production of biofuel. The different forms include liquid, and solid and involve various sources such as blue-green algae, brown algae, green algae, and red algae. These are distributed online, and offline, and are used in food and beverage, nutraceutical and diet supplementation, animal feed, personal care, pharmaceutical, and other applications. The global algae products market is segmented - 1) By Type: Lipids, Carrageenan, Carotenoids, Alginate, Algal Protein 2) By Form: Liquid, Solid 3) By Source: Blue-Green Algae, Brown Algae, Green Algae, Red Algae 4) By Distribution Channel: Online, Offline 5) By Application: Food and Beverage, Nutraceutical and Diet Supplement, Animal Feed, Personal Care, Pharmaceutical, Other Applications The global algae products market size grew from $12.12 billion in 2022 to $13.19 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The algae products market size is expected to grow to $17.89 billion in 2027 at a CAGR of 7.9%. The growing demand for healthy food products is expected to propel the growth of the algae products market going forward. Healthy food products are those that contain nutrients that support the body's well-being and aid in energy retention. Algae products contain a variety of beneficial elements, including carbohydrates, polyunsaturated fatty acids, essential minerals, and vitamins, which are commonly utilized in healthy foods. For instance, according to BioMed Central (BMC), a UK-based open-access publisher, in 2020 16.7% of the population improved their food behavior by consuming nutritious food which helps in maintaining their immunity, while 34.4% of responders increased their appetite in consumption of nutritious food. Therefore growing demand for healthy food products drives the growth of the algae products market. Major players in the algae products market are BASF SE, Cargill Incorporated, DuPont de Nemours Inc., DSM Nutritional Products AG, EID Parry, Cellana Inc., BlueBioTech Int. GmbH, Corbion NV, Earthrise Nutritionals LLC, Cyanotech Corporation, AlgaeCan Biotech Ltd., Bioprocess Algae LLC, Algenol Biofuels Incorporated, Euglena Co. Ltd., Kerry Group PLC, DIC Corporation, CP Kelco, and Algae Systems LLC. The development of alternative protein sources such as microalgae is a key trend gaining popularity in the algae products market. Developing alternative protein sources such as microalgae is a crucial step toward achieving the necessary transformation to a more equitable and resilient food system. For instance, in July 2020, Unilever, a UK-based consumer goods company partnered with Algenuity, a UK-based company operating in algae products to develop innovative microalgae products for Unilever’s plant-based portfolio. Algenuity will work with the R&D team within Unilever’s Foods and Refreshment (F&R) division to explore different foods with microalgae. In September 2022, Aliga Microalgae, a Denmark-based food tech, and microalgae producer company acquired Duplaco BV for an undisclosed amount. Through this acquisition, Aliga Microalgae aims to enhance the amount of Chlorella algae products it can produce for the markets for dietary supplements and food additives. Duplaco BV is a Netherland-based producer of fresh Chlorella and microalgae. North America was the largest region in the algae products market in 2022. The regions covered in the algae products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the algae products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The algae products market consists of sales of bioplastics, industrial lubricants, green chemicals ,cosmetics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The algae products market research report is one of a series of new reports from The Business Research Company that provides algae products market statistics, including algae products industry global market size, regional shares, competitors with a algae products market share, detailed algae products market segments, market trends and opportunities, and any further data you may need to thrive in the algae products industry. This algae products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.