Vertical Farming Market was worth USD 2.93 billion in 2020 and expected to be growing at a CAGR of 24%, to reach USD 3.73 billion by 2025.
Vertical Farming is the cutting-edge development in farming, wherein all environmental factors can be organized. In the Vertical Farming process, foods and medicines are produced in vertically arranged layers, vertically inclined surfaces or in integrated structures like warehouses, shipping containers, skyscrapers, etc
Vertical Farming techniques regulate parameters like the quantity of light, ecological factors like temperature, humidity, gases, etc., and soil nutrition factors which include the use of fertilizers and other soil products. In some Vertical Farms, natural light is used in concurrence with artificial lighting and metal reflectors, similar to greenhouses.
The Vertical Farming market sustained by the growth in the use of technology such as the Internet of Things (IoT) in Vertical Farming, rapidly expanding populace and increase in the annual production of crops. The efficacy of artificial lighting to enhance the yield, health and growth rate of plants coupled with lower dependency on the weather for production is driving the market from the producer side. Increasing consumer demand for organic foods, foods free from pesticides, organic foods and genetically modified organisms (GMOs) is the main driving force of the market. Extraordinary costs of lighting equipment and continuous maintenance requirement are the restraints faced by the Vertical Farming market.
The Vertical Farming market is segmented by Growth Mechanism, Structure, Offering, Crop Type, and Geography. By the Growth Mechanism Type, the market is classified into Hydroponics, Aeroponics, and Aquaponics. By the Structure used, the market is separated into Buildings and Shipping Containers. By the type of Offering, the market is classified into Hardware, Software, and Service. The Vertical Farming market is further segmented on the basis of Crop Type and Geography.
The Vertical Farming market has been geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Being a developed market, the feasibility of setting up a Vertical Farm combined with the technological prowess to do so has driven the market growth. High consumer awareness and the resulting high demand for organic foods is the key driving force in the North America Vertical Farming market.
Key Players:
The key players involved in the progress of the North-America vertical farming market are Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others
Global Agricultural Pump Market was estimated at USD 4.2 billion in 2019 and is anticipated to reach an extent of USD 6.1 billion with an annual expansion of 7.7% throughout the calculated period (2020-2025).
Agricultural pumps are known as mechanical devices that are used to transport materials from one place to another creating an adequate pressure height. They are used to meet the needs of farmers and maintain increased agricultural production. They are also widely used for irrigation of agricultural crops that require water in large quantities.
In June 2018, Annovi Reverberi Group has announced the acquisition of a 95% stake in Ace Pump Corp. The Annovi Reverberi Group is also the Italian manufacturer of diaphragm pumps for agricultural applications, pressure washers and piston pumps for industrial applications.
In June 2019, The Maharashtra State Electricity Distribution Company has started supplying solar pumps to farmers in the Vidarbha region, as part of the Mukhyamantri Saur Krishi Yojana pump.
In June 2017, Kirlokar Oil Engines Ltd (KOEL) has ventured into pump manufacturing by acquiring a controlling stake in La-Gajjar Machineries (LGM). KOEL announced that it has signed a definitive agreement to acquire a 76% stake in Ahmedabad-based La-Gajjar Machineries (LGM) at a valuation of 7.89 times EBITDA for the year ending March 2018.
The global Agricultural Pump market can be divided based on type and downstream Industry.
Depending on the type, the global market branches into axial flow, mixed flow, centrifugal, and other segments. Among these, centrifugal pumps are the most popular pumps and recorded the largest share of revenue and volume in 2017. However, the mixed flow segment will experience the highest CAGR during the outlook period due to lot of advantages. Therefore, this growth of mixed flow pumps will positively influence the growth of the global market for agricultural pumps.
Based on the downstream industry, the global market for Agricultural Pumps is segmented into farm vehicles, farm machinery, irrigation, and more. In these subsequent applications, irrigation recorded the highest revenues and volume share in 2017. In addition, this segment is expected to grow with the highest growth rate during the predicted period due to the paramount importance of the pumps for basic agricultural techniques. Therefore, these trends are expected to drive the global market for agricultural pumps in the future.
Impact of covid-19 on Agricultural Pump Market
No sector has escaped the impact of Covid-19 pandemic. Its impact on agriculture is complex and varied in various segments that make up the agricultural value chain. Even among different segments, its effect differs significantly. This impact will reverberate throughout the economy and will last more than a few months. The problems in agriculture today are mainly related to the availability of labor and the inability to access product markets due to transportation problems, as well as market functioning. Lack of labor availability has hampered operations in many areas. The parts of agriculture that have the luxury of implementing harvesting technology, such as rice and wheat, are relatively more isolated because they often do not have to rely on large numbers of labour.
Agricultural producers are particularly affected, with yields of products that vary from a third of the usual or total loss. In several areas, interstate commerce in cash crops or proximity to urban areas provides better market access and prices. This is often due to individual farmer initiatives and not to direct state support. This is usually the case for crops such as onion, cotton, mango, inner peach, flowers and vegetables. Lack of access mean and increased labor costs that farmers face big losses and therefore permit crops to rot in the fields.
Regional Analysis:
The global Agricultural Pump market has been studied in regions of
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
The North American Agricultural Pump was further segmented in the United States, Canada, and Mexico. The European Agricultural Pump market has been ranked in the United Kingdom, Germany, France, Italy, Spain and the rest of Europe. The Agricultural Pump market in the rest of the world has been segmented into South America, the Middle East and Africa.
Among all the regions, the Asia-Pacific had the largest share of revenue and volume in 2017, followed by Europe. In addition, the Asia-Pacific agricultural pump market is expected to grow at the highest CAGR during the forecast period due to large agricultural production and the increasing scale of economies. China was the largest market to dominate the Asia-Pacific area with almost 45% revenue share. With increasing economic development, especially in the developing economies of India and China, the agricultural pump market is expected to experience significant growth during the outlook period.
Key Players The Agricultural Pump Market is concentrated with key players like Shimge Pump Industry Group Co., Ltd, Xylem Inc., Shakti Pumps Ltd, WILO, Franklin Electric, Jain Irrigation Systems, Valmont Industries, KSB SE, Kirloskar Brothers Limited, and Grundfos.
The Global Farm Equipment Rental Market was estimated at USD 46.79 billion in 2019 and is anticipated to reach an extent of USD 66.39 billion by the end of the assessment period with a CAGR of 7.3% throughout the calculated period (2020-2025).
Farm equipment rental involves the service sector that mainly provides farm equipment to end-users on a rental basis. The rental contract is specified under certain conditions and signed by both parties before the contract. The rising adoption of farm equipment in several applications like plowing, cultivating, sowing, protection and fertilization of plants, and the growing need for a varied application such as farm and logging are some of the main factors that affect the growth of the market in the future.
In November 2019, John Deere launched a new series of 8R wheeled tractors, 8RT two-way tractors and the first four-track tractors. These have improved ride quality and can be driven with the ease of any other wheeled tractor.
In December 2019, CNH Industrial N.V acquired K Line Ag, an Australian manufacturer of Farm tillage and management equipment.
In January 2020, AGCO Corporation launched its new Fendt Momentum planter in North America to provide greater precision and correct seed placement during planting activities.
In January 2020, Mahindra and Mahindra inaugurated their new manufacturing plant in Telangana, India, with an investment of INR 250 crores. This initiative was taken to increase the company’s total production by an average of 92,000 units per year.
Market Drivers and Restraints:
The government has always played an important role in the growth of the farm industry. It always promotes and involves different rules and regulations to bring benefits to the country’s farm industry. The governments of many countries are trying to provide farm equipment to farmers at a reasonable price, because the purchase of all those equipment is not possible for small and marginal farmers. Previously, the farm equipment rental market was highly disorganized, but with the recent efforts of government authorities and private companies in farm equipment rental services, the business is expected to grow at a surprising rate for years to come. For example, the Indian Ministry of Agriculture has developed a farm equipment rental app for Indian farmers, which allows them to hire tractors, rotators and other farm machinery to contract with flexible schemes. The growth of new companies offering farm rental equipment is one of the main growth engines observed in the global farm equipment rental market. Rental companies in many industries, such as automotive, consumer electronics, and more, are thriving at a good pace. There are many companies that are very active in the Farm equipment rental sector and many new players are entering this activity. As the number of rental service providers increases, their marketing and promotional activities will raise farmers’ awareness, which in turn will drive the growth of the global farm equipment rental market in the future. In addition to this, it is also essential to reduce the financial burden on farmers, so that these services continue to limit the financial burden on farmers and foster growth of the sector in the future.
The global farm equipment rental market can be divided into
Drive
Equipment
Power
Output
Four-wheel drive tractors have a very high traction capacity and great sliding capacity and power of the wheels. The tractor body resists maximum wear and tear and also reduces the total working time required.
Demand for 4WD tractors is at its peak in developed countries such as the United States and Europe, which have the majority of commercial and large-scale farmers. They also witness adoption rates of 95-99% mechanization in agriculture. Combine harvesters are versatile self-propelled machines designed to efficiently harvest a variety of grains. Harvest, threshing, and winnowing are the three separate harvesting operations combined in one process using a combine. Therefore, high labor costs and insufficient labor in the crop category are the main factors in increasing the demand for harvesters in the global farm equipment rental market.
The 71 to 130 hp segment mainly consists of 4WD tractors and some 2WD tractor models. Countries in the Asia-Pacific region are striving to increase Farm mechanization rates and are experiencing increasing demand for these tractors. The demand for these tractors by developed countries is higher due to factors such as high consumption rates, the greater need for food production, the greater energy requirements on farms and the large land area of the country farms.
Impact of covid-19 on Farm Equipment Rental Market
Agriculture is the backbone of any economy. It is the primary sector that generates jobs so that the entire circle of economic circulation continues. For instance, when talking about the Indian economy, the majority of the population is limited to this sector. With the pandemic ongoing, the livelihoods of all farmers and those involved in this sector are at high risk. A brief period of pandemic will leave an eternal effect on the agricultural sector. Leading authors and researchers have said there could be a food crisis unless steps are taken quickly to protect the most vulnerable food supply chains alive. It is important to remember that 2-3 million deaths occurred during the Bengal famine in 1943 due to disruption of the food supply chain. There was no food shortage, but the supply chain was completely disrupted. The Indian government has announced the aid program that includes cash transfers and food transfers. Several state governments have also announced their own custom package. This will lead to food and nutrition security, empowerment of farmers and stimulation of the primary sector of the economy. Closed borders, quarantine measures, and disruption of the market supply chain, as well as disruptions to trade, limit people’s access to nutritious food sources. For example, in India, farmers were unable to harvest their crops because their workers had returned to their villages. The crops were left to wither on the farm and because of this the fertile nature of the land is no longer available. This has resulted in many losses for those farmers who are totally dependent on their agricultural products as a source of income.
Regional Analysis:
The global Farm Equipment Rental market has been studied in regions of
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Asia Pacific turns out to be the fastest rising market for the farm equipment rental in the upcoming years. An increasing number of farm equipment rental service providers in the Asia-Pacific regions, especially China and India, is another key factor that is expected to support the growth of the Asia Pacific farm equipment rental market and during the forecast period.
Leading Company
John Deere had the substantial share of the Farm Equipment Rental Market in terms of sales and revenue in 2020.
Key Players
The global Farm Equipment Rental Market is concentrated with key players like Friesen Sales & Rentals, John Deere, German Bliss Equipment Inc., EM3 Agri Services, Pacific AG Rental LLC, Kwipped Inc., Flaman Group of Companies, Premier Equipment Rentals, Tractors and Farm Equipment’s Ltd, AGCO Corporation, Escorts Group, CNH Industrial N.V., and others.
Blood Meal Market was estimated at USD 1.9 billion in 2019 and is determined to reach an extent of USD 2.2 billion by 2025 with a CAGR of about 3.1% throughout the conjecture period (2020-2025).
A blood meal is a dry, inert powder made from blood, used as a protein rich food for animals and as a fertilizer. It guarantees nutritious and safe food for animals. Blood is a perishable product; therefore, it is processed and collected during the slaughter of pigs, cattle, chickens and others. Blood meal contains a large amount of protein and is used as a food supplement based on plant by-products, grains and forage. The drying process is crucial because there is an inverse relationship between protein digestibility and the amount of heat applied. The increasing adoption of pets across the world is a crucial factor driving the growth of the blood meal market as it is prominent in the global pet food industry. The market is driven by increased consumption of animal products in emerging countries due to increased urbanization.
Darling Ingredients Inc. announced that it has acquired a 50% interest in the joint venture EnviroFlight, LLC, owned by Intrexon Corporation, increasing its stake in EnviroFlight to 100% EnviroFlight, LLC., a leading developer of proprietary technologies that allow evolutionary breeding of non-pathogenic black soldier fly (BSF) larvae.
Market Drivers and Restraints:
The main factors driving the growth of the global blood meal market are increased disposable income, urbanization, and demand for animal protein. With the increasing need for animal meat and animal products, there is a surge in the slaughter of animals, opening up various opportunities for blood meal manufacturers. The current trend of “going organic” is proving to be a positive factor for the blood meal market. A blood meal is one of the non-synthetic sources of nitrogen and is therefore used as a natural fertilizer. These foods are derived from animals, a natural source of high-quality protein and other nutrients are expected to gain ground due to the increasing demand for natural food ingredients. The multiple benefits of blood meal for major industries are expected to spur market growth during the forecast period. The strict regulatory framework is likely to impede the development of the global blood meal market to some extent. Population growth, the growing demand for animal products, as well as the growing need for natural and organic food products are some of the main factors driving the world market for blood meal. Blood is considered a liquid protein due to its high protein concentration and is rich in amino acids such as lysine, and therefore has an advantage over plant proteins that are low in lysine. Blood meal is one of the highest non-synthetic nitrogen sources, and is used as a natural fertilizer. Lack of awareness and refusal to accept a blood-derived food ingredient is some of the factors hindering the growth of the global blood meal market.
The global blood meal market is segmented based on
Source
Poultry
Pigs
Ruminants
Application
Poultry feed
Pig feed
Ruminant feed
Others
Process
Flash Drying
Ring
Spray
Drum
Solar Drying
Impact of Covid-19 on Blood Meal Market
The Covid-19 pandemic had an immense impact on the global blood meal market due to the shutdown of manufacturing units across the world, along with the shift of consumers from meat products to plant-based products. The rise in the animal diseases has encouraged people to consume fresh fruits and vegetables, resulting in a negative impact on the blood meal business. The trend is foreseen to continue for some time in the coming years.
Regional Analysis:
The global Blood Meal market has been divided by geography in regions of
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
The Asia-Pacific region market is expected to dominate the global market in terms of revenue during the outlook period. The increasing inclination towards food of animal origin is a growth factor of the target market in this region. The presence of the main meat consuming countries such as pork in China and Vietnam is another factor that supports the growth of the target market in this region. Increasing urbanization and population growth are also factors driving the growth of the blood meal market in countries in the Asia-Pacific area. The North American market is supposed to experience lucrative revenue growth in the near future. The increase in people’s consumption of meat, milk and eggs is a factor that is expected to drive growth in the target market in the coming years.
Leading Company
West Coast Reduction Ltd. had the prominent portion of the Global Blood Meal Market in terms of sales and revenue in 2019.
Key Players The global Blood Meal Market is concentrated with key players that include Sanimax Corp., West Coast Reduction Ltd., FASA Group, The Boyer Valley Co., Inc., Allana Group, Darling Ingredients, Valley Proteins, and Pure Top Group Co., Ltd.
Global Dust Control Systems Market was evaluated to be USD 14.92 billion in 2018 and is determined to reach USD 20.10 billion by the end of the assessment period with a CAGR of 5.09% throughout the foreseen period (2020-2025).
Dust particles are produced as a result of manufacturing activities, the synchronization of goods and the processing of materials. These can interfere with raw materials and semi-finished products, resulting in lower quality of finished products and can also harm the health of workers. Dust control systems are systems designed, manufactured, and used to achieve adequate dust suppression in a variety of industries. They are mainly used to limit dust particles and maintain an appropriate environment for workers.
Donaldson Co Inc. acquired the assets of LMC West, a manufacturer of industrial dust collection and filtration systems, thus adding sales and production capabilities to the west coast of the United States.
The DCS group, which has a site in Dewsbury and one in Wetherby, acts collectively as a designer, supplier, installer and commissioner of smoke and dust extraction systems. At £ 6.6 million, it is the largest acquisition to date for Filtermist, based in Telford, Shropshire and part of the Swedish group Absolent. Past acquisitions include air pollution control and ventilation systems specialist Multi-Fan Systems in 2016 and dust filtration systems manufacturer Dustcheck Ltd in 2017.
Increased air pollution, increasing health problems and strict environmental regulations are expected to stimulate the global dust control system market during the forecast period. A Dust Control Systems has several advantages, the most important being a dust free environment. The Clean Air Act (CAA) is a comprehensive federal law that authorizes the Environmental Protection Agency (EPA) to establish air quality standards by regulating the emissions of dangerous air pollutants to protect public health. The agency is implementing many financial and technical programs to protect the level of air pollution and control air pollution in the US. As a result, the demand for Dust Control Systems in the country is expected to increase substantial growth in the coming years. Clean air is of utmost importance to avoid various health problems, including respiratory diseases such as asthma. However, rapid industrialization, coupled with increased construction and mining activities in developing economies, contribute significantly to air pollution, which, in turn, is expected to stimulate demand for Dust Control Systems during the forecast period.
Market Segmentation:
End-user
Product
Wet
Dry
In terms of end use, the market was divided into construction, mining, oil and gas, chemicals, food and beverages, and pharmaceuticals. Growth in the construction sector, particularly in developing economies such as China, India and Brazil, is expected to stimulate demand for Dust Control Systems during the outlook period. Dust control systems are necessary in the construction industry to reduce airborne dust on construction sites, which is accomplished through the ability of these systems to collect thick and thin materials. Using these systems reduces the risk of health problems like asthma and silicosis. Construction activities can also generate a dust cloud that could endanger the health of workers.
Impact of covid-19 on Dust Control Systems Market
The farmers constantly struggle with asymmetric monsoon and irregular rains, extreme natural events, disrupted supply chains, and rising inflation. As if it wasn’t enough, these problems are now complemented in 2020 with COVID-induced blockades. The onset of the coronavirus pandemic coincided with the peak of the harvest season. Even between different segments, the impact varies considerably by region and between producers and agricultural workers. This impact will have repercussions throughout the economy and will last more than a few months. Despite all the measures and in view of the persistent restrictions on the movement of people and the movement of vehicles, concerns were expressed regarding the negative consequences of the COVID19 pandemic on the agricultural economy. For plant production, most of the planting process will be almost unaffected by summer. Therefore, there would be no impact as such on seed availability at this time. But if the same scenario continues until the end of the year, then seed availability can certainly be a problem. Due to disruption of world trade, farmers face a shortage of agricultural inputs such as fertilizers and pesticides. In a shorter period of time, there is little expected shortage. In the long term, delivery of fertilizers through international markets could become a problem, as some production plants in China have been closed.
Regional Analysis:
The global Dust Control Systems market has been studied in regions of
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
North America had a significant share of the global market in 2018. The industry experienced significant growth thanks to the contributions of each product and end-user. The United States is one of the leading countries in North America because it monitors and controls air pollution from various industries. The introduction of strict laws and regulations, such as the Clean Air Act and the National Environmental Air Quality Standards (NAAQS) by the Environmental Protection Agency, is expected to stimulate demand for products during the forecast period. Europe was the second largest regional market in the world market in 2018. Demand for these systems in Europe is expected to exceed $ 5.05 billion by 2025 due to rapid growth in user sectors final in Germany, Italy, United Kingdom and France. Most global system manufacturers are headquartered in Europe, particularly Germany and the United Kingdom, and they also represent a substantial part of total exports worldwide.
In terms of revenue, Asia-Pacific became the number one regional market in 2018. This is attributed to the expansion of the construction, oil and gas and mining sectors in the region. In addition, several global players have established their production sites in the region, especially in China and India, to meet the demand of numerous end-use sectors and benefit from cost advantages. Central and South America are expected to experience significant market growth during the outlook period. The region offers considerable potential and opportunity due to strong growth in the construction and oil and gas sectors in developing economies such as Brazil and Argentina. The area is expected to experience an economic recovery in Brazil and other countries, which should contribute to continued market growth in this region during the forecast period.
Leading Company
New Waste Concepts Inc had the largest share of the Dust Control Systems Market based on sales and revenue in 2018.
Key Players
The Dust Control Systems Market comprises key players like Piian Systems, New Waste Concepts Inc, Dust Solutions Inc., C&W Manufacturing and Sales Co, Dustcontrol Canada Inc, Dust Control Systems Ltd, Sealpump Engineering Limited, United Air Specialists Inc, National Environmental Service Company, Camfil APC, EnviroSystems LLC, and Colliery Dust Control (Pty) Ltd.
Pet Food Extrusion Market was assessed at USD 55.22 billion in 2017 and is anticipated to reach over USD 72.65 billion by the end of the assessment period with a CAGR of 5.6% throughout the conjecture period (2020-2025).
Food extrusion is a form of expulsion used in food processing by which a set of mixed components is applied through an opening in a perforated plate or die with a specific food project, then drawn to a size defined by blades. The equipment that forces the mix through the perforated plate is an extruder, and the mix is known as an extrudate. The extruder includes huge rotating screws that fit securely into a stationary barrel at the end of it. Industries are widely instilling the use of food extrusion due to growing demand, from the humanization of pets to the growing population of pets.
In May 2020, International pet food producer United Petfood has announced the signing of a letter of intent for the acquisition of Jonker Petfood in Waalwijk, The Netherlands. The acquisition of the fourteenth production site of this Belgian family business is part of its planned growth strategy.
In March 2020, C.J. Foods, a manufacturer of specialty dry pet foods for premium American brands, has completed its acquisition of pet food manufacturer American Nutrition. C.J. Foods has been a holding company of J.H. Whitney Capital Partners since June 2014. American Nutrition (ANI) is one of the world’s largest manufacturers of canned and baked premium pet food and treats.
In September 2018, Roquette, world leader in plant-based ingredients for the Food, Nutrition and Health markets and pioneer of new plant proteins, announced the acquisition of a facility specialized in the extrusion of plant proteins.
In May 2018, ProAmpac, one of the largest flexible packaging companies in the United States, has announced the acquisition of Gateway Packaging Company (Gateway), a flexible packaging and technical products company based in White House, Tennessee. Gateway is one of the largest manufacturers of pet food packaging in North America.
Blue Buffalo will donate to General Mills Inc. the first brand of natural pet food and the first brand of pet food online, said Jeffrey L. Harmening, president and CEO. A March 21 earnings conference call with investment analysts offered Harmening his first opportunity to publicly elaborate on the thinking behind the acquisition of Blue Buffalo, first announced on February 23.
Market Drivers and Restraints:
Demand for Pet Food Extrusion is expected to increase due to factors such as the growth of pet adoption, the humanization of pets, and rapid urbanization in developed countries. Along with the increase in the pet population, the global industry has also grown due to the increasing expenses of pet owners for various pet food products. Pet owners consider their pets to be part of the family and provide pet food products; these are the most important factors that have a positive impact on the demand for high quality extrusion pet food with high nutritional value. However, few strict regulations regarding ingredients used in extrusion pet food can hinder the growth of the extrusion pet food market during the review period. The demand for Pet Food Extrusion equipment is also increasing markedly due to several advantages. Therefore, the pet food extrusion equipment market is expected to experience significant growth during the period considered. The increasing demand for extrusion pet food has fuelled the demand for pet food extrusion equipment as it improves the quality of pet food, as well as the benefits of physical fitness and sizing, which helps meet the demand for premium and super premium food products for long-lived pets. The growing acceptance of pet adoption and the rapid development of emerging economies are driving growth in this market. However, the lack of knowledge of the type of food served because the immune power varies in each animal can be a problem for various allergic diseases. This in turn hinders market growth. The growth of the pet population and the humanization of pets are some of the factors that should stimulate growth in this market.
Market Segmentation:
The global Pet Food Extrusion market can be segmented into type, animal type and equipment type. The growing demand for nutrient-rich extruded balanced foods has fueled growth across the entire diet segment. The entire diet segment is subdivided into dry and semi-wet pet food products. Expanded dry pet food is the most important segment, which is expected to grow at a higher annual growth rate during the forecast period. The increasing demand for premium and super premium pet products and the benefits of dry pet food, such as a longer shelf life, have stimulated demand for this sub-segment in recent years. During the forecast period, the single screw extruder segment is expected to grow to the highest CAGR in the global pet food extrusion equipment market in terms of value and volume. Various advantages, such as the low capital cost and simplicity offered by single screw extruders, have spurred growth in this segment in recent years. A single screw extruder offers simplicity and ease of operation, while a twin screw extruder offers versatility and flexibility. Low investment cost and ease of maintenance are some of the main factors responsible for the high demand for single screw extruders.
Impact of covid-19 on Pet Food Extrusion Market
Agriculture is the backbone of any economy. It is the primary sector that generates employment so that the entire circle of economic circulation continues. For instance, when we talk about the Indian economy, the majority of the population is limited to this sector. With the pandemic underway, the livelihoods of all farmers and people involved in this sector are at high risk. Key authors and researchers have said there could be a food crisis unless steps are taken quickly to protect the most vulnerable food supply chains. Lack of labor availability has hampered operations in many regions. Consequently, the shortage of migrant labor has led to a sharp increase in daily crop wages. Some parts of agriculture that have the luxury of implementing harvesting technologies, such as rice and wheat, are relatively more isolated, as they often do not have to rely on large numbers of labor. Agricultural prices have plummeted due to lack of access to markets, including disruption of transport and closing of borders. Increased labor costs and lack of access mean that farmers face large losses and thus allow crops to rot in the fields, a better loss stop mechanism.
Regional Analysis:
The Pet Food Extrusion Market has been categorized on geography into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Leading Company
Mars had the largest share of the global Pet Food Extrusion Market in terms of sales and revenue in 2017.
Key Players
The global Pet Food Extrusion Market is concentrated with key players like The J.M. Smucker Company, Mars, Andritz, Nestle, Buhler, American Extrusion International, Brabender, Doering Systems, Coperion, Baker Perkins, Kahl Group, The Bonnot, Diamond America, Pavan, Lindquist Machine, and Clextral.
The Asia-Pacific Pet Food Nutraceuticals Market was worth USD 1.2 billion in 2020 and estimated to be growing at a CAGR of 4.56%, to reach USD 2.02 billion by 2025. Nutraceuticals are one of the fastest-growing segments of the pet industry. The usage of pet supplements and nutraceuticals is a rather recent practice in veterinary medicine.
Pet food supplements are classified as either dietary or therapeutic supplements. Dietary supplements are substances combined with the pet foods to make them nutritionally whole and well-adjusted. Therapeutic supplements (also known as nutraceuticals) are foods that are taken orally to provide a health advantage, either for deterrence or treatment of a disease.
The growth of the Asia-Pacific Pet Food Nutraceuticals market is majorly driven by factors such as increasing urbanization, rising wages, implementation of channel specific product expansion, and varying lifestyles, leading to a drop in birth rates and an increase in the number of single person families. Pets are being considered as family members and thus the user predilection for nutrition empowered pet food is further driving the pet food nutraceutical market. However, factors such as different regulatory bodies, lack of recognition of pet food in under-developed countries, and lack of raw materials are restraining the growth of the market in this region.
The Asia-Pacific Pet Food Nutraceuticals market is segmented based on
Ingredient Type
Omega 3 fatty acids
Proteins and Peptides
Milk Bio actives
Probiotics
Dietary Fibre
Others
Function type
Nutrition/Therapeutic
Supplements
Pet Type
Cats
Fish
Dogs
Bird
Others
Application
Weight Management
Immune system
Food Allergies
Pain Relief
Digestive healt
Skin and Coat
Eye care
Others
Geographical Analysis:
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. India, China, Japan, Australia and South Korea are some of the major markets for Pet Food Nutraceuticals in the Asia Pacific region. The Australian market is largely driven by the high divorce rate and the growing single population. The growth in the Japanese market is due to its large elderly populace that wishes the companionship of a pet. The high education levels and advanced infrastructure services enjoyed by these nations is also supplemented by a robust sense of culture and locality. The affluent standing and company offered by having a pet is a vital driver for the market in this region.
Key Players
The major players in this market are focusing in the areas of Digestive health, weight management and beauty (Skin and Coat). The major companies dominating the Pet Food Nutraceuticals market in this region are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.
Europe Irrigation Equipment Market was worth USD xx million in 2020 and is projected to grow at a CAGR of xx%, to reach USD xx million by 2025.
The provision of water to crops or plants in controlled amounts at regular intervals is called irrigation. It is especially used in times of inadequate rainfall. Due to the irregular climate changes and unseasonal rainfalls, farmers have become increasingly dependent on irrigation to provide water to crops.
Irrigation equipment is very useful in this situation. Different types of irrigation systems such as sprinkler and drip irrigation are increasingly adopted in the farming and landscaping. Each type of irrigation systems require different types of equipment and have different purposes. Automated irrigation systems are available in recent days greatly reducing the manual effort and also decreasing the consumption of resources.
Increasing scarcity of water and energy resources has increased the demand for controlled irrigation systems which provide effective distribution of resources in turn increasing the demand for irrigation equipment. Growing sophistication of irrigation equipment, government initiatives in the form of subsidies to increase the reach of the equipment and rise in the food demand are driving the market growth. However, lack of awareness among farmers in developed countries and high initial investments required to install the equipment are hindering the market growth.
The Irrigation Equipment market is segmented by
Product
Flow Meters
Valves
Injectors
Filters
Pressure Pumps
Emitters
Center Pivots
Sprinklers and Others
Crop type
Fruits and Vegetables
Cereals and Grains
Oilseeds and Others
End users
Agriculture
Landscape
Mining and Others
Regional Analysis:
On the basis of region, the Europe Irrigation Equipment market is segmented into UK, Spain, Italy, Germany and France.Europe is expected to retain the second highest market share during the forecast period owing to the presence of the key players
Key Players:
Some of the major players in Irrigation Equipment market are Netafim, Rivulis Irrigation, Jain Irrigation Systems, Rain Bird, Eurodrip, The Toro Company, Hunter Industries, Nelson Irrigation, Valmont Industries and T-L Irrigation Co.
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North America Insect Pest Control Products Market is valued at USD xx million in 2020 and estimated to be growing at a CAGR of xx%, to reach USD xx million by 2025 during the forecast period 2020-2025.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the industry.
Pest control is the control or management of pest, a species of the animal kingdom that creates an adverse impact on human activities. The human reply depends on the importance given to the damage done, on the ability to tolerate, and attempts to completely remove the pest. Pest control efforts are generally carried out as a part of a pest management strategy
The insect pest control market is fuelled by government control over food cleanliness, health of environment as well as public, and the increasing public awareness. Absence of sufficient skilled technicians and late regulation approval procedure for chemical products in several applications (like residential, commercial, and industrial areas) are considered as constraining factors for the market.
This research report segmented and sub-segmented into the following categories:
By Type:
Termites
Cockroaches
Bed Bugs
Mosquitoes
Flies
Ants
By Control Method
Chemical
Physical & Mechanical
Biological
By Application
Commercial & Industrial
Residential
Livestock
By Pest Type
Insects
Termites
Rodents
Wildlife
By Country
U.S
Canada
Rest of North America
The North America Insect Pest Control Products Market dominated the world and is expected to continue the trend in future years.
Major Key Players
Companies playing a dominant role in the North America Insect Pest Control Products Market profiled in this report are Rentokil Initial plc. (U.K.), Ecolab, Inc. (U.S.), Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), FMC Corporation (U.S.)
The European Hydroponics Market is expected to grow at a CAGR of 16% and reach USD 200.21 million in 2025 from USD 182.1 million in 2020. Europe Hydroponics Market is the largest regional market because of its advanced agricultural techniques.
Hydroponics is a part of hydroculture, the technique for developing plants without soil, utilizing mineral nutrient solutions in a water solvent. Plant Roots are submerged in solvents for nutrients and normally, the solvent would be perlite or gravel. The supplements in hydroponics can be from fish waste, duck compost, or ordinary supplements.
There are many factors driving the market. One of the important drivers is that hydroponics gives higher yield compared with conventional agricultural techniques. It additionally gives farmers the capacity to develop crops in regions that can’t support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.
Europe Hydroponics Market is segmented based on Equipment
Type
Crop Type
Input Type
Based on Equipment, market is segmented into HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling, and Control Systems. Based on Type, market is segmented into Aggregate & Liquid. Based on Crop Type, market is further segmented into Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper & Strawberry. Based on Input type, market is further segmented into Nutrients, Growth Medium. On the basis of Aggregate hydroponics systems, market is further segmented into Closed Systems, Open Systems. Based on Liquid Hydroponic systems, market is segmented into Nutrient Film Technique (NFT), Floating Hydroponics, and Aeroponics. On the basis of Closed systems, market is further segmented into The Water Culture System, The EBB and Flow System, Drip Systems, and The Wick System. HVAC has the largest market share, followed by LED grow lights, in 2014. HVAC is dominating the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.
Geographical Analysis: Geographically, market is further segmented into
UK
France
Italy
Netherlands
Germany
Spain.
Europe has always been at the front line of executing advanced procedures in hydroponic smart Greenhouse cultivation. Nations, for example, The Netherlands, Spain, and France have extensive zones under Greenhouse development. However, in The Netherlands, producers generally grow their plants in simple tunnel like greenhouses without the use of atmosphere control advances. Hydroponics has prospered in Scandinavian nations where traditional farming procedures are nearly impossible amid the winter season.Key Players in this Market: Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., Lumigrow, Inc. and General Hydroponics, Inc.
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