Global Demand for Clinical Trial Supplies Market to Incur Considerable Upsurge During 2021 – 2028: Grand View Research Inc.

 Clinical Trial Supplies Market Growth & Trends

The global clinical trial supplies market is expected to reach USD 2.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 6.0% CAGR owing to the Increasing volume of clinical trial studies coupled with the growing complexity in conduction of these trials are the primary driver of the industry. Furthermore, geographic expansion and development of Information Technology (IT) to facilitate higher integration and smooth performance of activities are other vitally impacting parameters. Over the next eight years, the clinical trials and pharmaceutical industry is anticipated to continue steady growth, thereby promoting the high requirement of clinical trial supplies.

U.S and Canada are home to majority of clinical trials which are conducted in this region. No language barrier is one of the major factors for the preference of this region for majority of clinical trials, as English language is widely spoken in this region. Major CRO’s and biopharmaceutical companies have their hub in this region and with advancement in technology the demand for efficient supplies is increasing and the region is expected to dominate the clinical trial supplies market over the forecast period.

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Clinical Trial Supplies Market Report Highlights

• On the basis of clinical phase, the market is anticipated to be dominated by Phase III in 2025. The presence of large number of molecules estimated to reach Phase III by 2020 is the primary factor responsible for this prediction.
• By services, storage and distribution is anticipated to witness the fastest growth at a CAGR of over 7.0%.
• Key end-users of this industry are pharmaceuticals, and biologics. Biologics are expected to witness fastest growth owing to the increasing research in the field of genetics and biotechnology such as development of nanoparticle-based drug delivery systems.
• In terms of therapeutic use or clinical indication, oncology dominates the market. The highest research activity as of 2016 is being performed for this indication, which in turn is expected to drive the market.
• Few of the industry players include Movianto GmbH, Thermo Fischer Scientific, Sharp Packaging Services, Catalent Pharma Solution, Biocair International Ltd., PCI Services, Almac Group Ltd, and Patheon Inc. Other players present in the market space include Clinigen Group Plc, Merck Serono, and Chimerix.

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Clinical Trial Supplies Market Segmentation

Grand View Research has segmented the global clinical trial supplies market on the basis of clinical phase, product and services, therapeutic use, end-use, and region:

Clinical Trial Supplies Clinical Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Phase I
• Phase II
• Phase III
• Other

Clinical Trial Supplies Product & Services Outlook (Revenue, USD Million, 2016 - 2028)

• Manufacturing
• Storage & Distribution
  • Cold Chain Distribution
  • Non-cold Chain Distribution
• Supply Chain Management

Clinical Trial Supplies End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmaceutical
• Biologics
• Medical device
• Others

Clinical Trial Supplies Therapeutic Use Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• CNS Disorders
• Cardiovascular
• Infectious Disease
• Metabolic Disorders
• Others

Clinical Trial Supplies Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
• Latin America
  • Mexico
  • Brazil
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Clinical Trial Supplies Market

• Almac Group
• Biocair
• Catalent, Inc.
• KLIFO
• Movianto (Walden Group)
• PCI Pharma Services
• Sharp
• Thermo Fischer Scientific, Inc.
• Marken
• Parexel International Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Clinical Trials Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 Clinical Trials Market Growth & Trends

The global clinical trials market size is expected to reach USD 69.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. An increase in the volume and complexity of clinical trials has been witnessed lately, which plays an important role in the R&D of new drugs and other products. The market witnessed a decline of 6.0% in 2020 owing to the COVID-19 pandemic. However, the market is projected to recover from 2021 onwards. Also, clinical trials have become increasingly costly ventures, adding to the overall cost of developing a drug. Hence, big pharmaceuticals and small biotechnology firms are looking for innovative ways to improve trial outcomes and decrease operational costs.

The increasing need to develop new therapeutics for chronic diseases such as cancer, respiratory disorder, diabetes, cardiovascular disease, and others is creating immense pressure on healthcare. The global pandemic caused due to COVID-19 and the increasing demand for developing a suitable treatment for the same is driving the market’s growth. The number of people affected by the coronavirus has reached one million, which further depicts an increasing need for therapeutics and vaccines. Currently, there are 288therapeutics and 106 vaccines in development. Out of this, nearly 7.0% of therapeutics are in Phase IV, 21.0% in Phase III, and 43.0% and 13.0% in Phase II and Phase I respectively.

The pandemic has also resulted in the global disruption of traditional onsite clinical trials. Hence, regulatory bodies all over the world have launched various initiatives for fast-tracking clinical trials for the development of innovative solutions. One such instance is Solidarity, an international clinical trial launched by the WHO to find effective treatment against COVID-19.

Though COVID-19 is forcing many medical device and drug developers to revise the approach they prepare for these types of crises, integrating best practices within clinical trial procedures and adapting to virtual trials can support the continuous development of therapeutics even in the presence of this pandemic.

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Clinical Trials Market Report Highlights

• The phase III segment dominated the market and accounted for the largest revenue share of 53.2% in 2020. This is attributed to the complexity level associated with this phase
• The interventional segment accounted for the largest revenue share of 82.1% in 2020 owing to the increasing demand for the intervention for clinical trials by researchers
• North America dominated the market and accounted for the largest revenue share of 51.0% in 2020. Favorable government initiatives and the presence of large numbers of players in the U.S. offerings advanced services are responsible for market growth
• In Asia Pacific, the market is expected to expand at the fastest CAGR of 6.7% over the forecast period owing to the increasing patient pool and cost-efficient services

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Clinical Trials Market Segmentation

Grand View Research has segmented the global clinical trials market based on phase, study design, indication, indication by study design, and region:

Clinical Trials Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Phase I
• Phase II
• Phase III
• Phase IV

Clinical Trials Study Design Outlook (Revenue, USD Million, 2016 - 2028)

• Interventional
• Observational
• Expanded Access

Clinical Trials Indication Outlook (Revenue, USD Million, 2016 - 2028)

• Autoimmune/Inflammation
  • Rheumatoid arthritis
  • Multiple sclerosis
  • Osteoarthritis
  • Irritable Bowel Syndrome (IBS)
  • Others
• Pain management
  • Chronic pain
  • Acute pain
• Oncology
  • Blood cancer
  • Solid tumors
  • Other
• CNS condition
  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others
• Diabetes
• Obesity
• Cardiovascular
• Others

Clinical Trials Indication By Study Design Outlook (Revenue, USD Million, 2016 - 2028)

• Autoimmune/Inflammation
  • Interventional
  • Observational
  • Expanded Access
• Pain management
  • Interventional
  • Observational
  • Expanded Access
• Oncology
  • Interventional
  • Observational
  • Expanded Access
• CNS condition
  • Interventional
  • Observational
  • Expanded Access
• Diabetes
  • Interventional
  • Observational
  • Expanded Access
• Obesity
  • Interventional
  • Observational
  • Expanded Access
• Cardiovascular
  • Interventional
  • Observational
  • Expanded Access
• Others
  • Interventional
  • Observational
  • Expanded Access

Clinical Trials Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Clinical Trials Market

• ICON Plc
• Wuxi AppTec
• PRA Health Sciences
• SGS SA
• Syneos Health
• Eli Lilly and Company
• Novo Nordisk A/S
• Pfizer
• Clinipace

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Drug Discovery Outsourcing Market to Reach Around USD 5.4 Billion by 2028: Grand View Research Inc.

 Drug Discovery Outsourcing Market Growth & Trends

The global drug discovery outsourcing market size is expected to reach USD 5.4 billion by 2028 registering a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Drug discovery is a costly and lengthy process. This has forced pharmaceutical and biotech companies to opt for outsourcing their research activities to academic and private Contract Research Organizations (CROs). Thus, factors such as high R&D costs, patent expiration of best-selling drugs, and the need to speed up the drug discovery process, are expected to boost the demand for outsourcing of drug discovery in the coming years.

Rising cases of chronic diseases have compelled companies to develop better medicines. Some of the key therapeutic areas where companies are actively involved in outsourcing include oncology, cardiovascular, and anti-infectives. In November 2020, AstraZeneca collaborated with 9 of the foremost oncology medical centers to expedite research in some of the hardest-to-treat cancers. The company will be funding clinical and non-clinical research proposals from members within this network. The COVID-19 pandemic has brought pharmaceutical companies in limelight. It is demonstrating the value of drug discovery and development.

Several companies are proactively involved in developing an effective vaccine to treat the disease. Pfizer Inc. and BioNTech SE received the first approval for the vaccine following a worldwide Phase 3 trial of a potential strain to combat the virus. As for clinical trials, many of them are halted, while some are functional by adopting remote monitoring technologies. Thus, the pandemic has brought the pharmaceutical industry to center-stage, with drug discovery outsourcing becoming a key aspect to develop effective treatments against the virus. This is expected to boost the market revenue for the next 2 years i.e. a short-term boom, after which it shall regain its original growth curve.

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Drug Discovery Outsourcing Market Report Highlights

• Lead identification & candidate optimization was the dominant workflow segment of the global market in 2020
• The segment will retain its leading position throughout the forecast period as lead identification & candidate optimization is one of the critical processes in drug discovery
• The oncology therapeutics area segment is projected to register the fastest CAGR from 2021 to 2028
• The small molecules drug type segment led the market in 2020 and is also projected to record the fastest growth rate during the forecast period. This, however, may change in the short term with a higher emphasis on biologics
• In terms of revenue share, North America is estimated to be the leading regional market during the forecast period
• However, Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028 owing to government initiatives to forge alliances with the U.S. pharmaceutical companies

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Drug Discovery Outsourcing Market Segmentation

Grand View Research has segmented the global drug discovery outsourcing market on the basis of workflow, therapeutics area, drug type, and region:

Drug Discovery Outsourcing Workflow Outlook (Revenue, USD Million, 2016 - 2028)

• Target Identification & Screening
• Target Validation & Functional Informatics
• Lead Identification & Candidate Optimization
• Preclinical Development
• Other Associated Workflow

Drug Discovery Outsourcing Therapeutics Area Outlook (Revenue, USD Million, 2016 - 2028)

• Respiratory System
• Pain & Anesthesia
• Oncology
• Ophthalmology
• Hematology
• Cardiovascular
• Endocrine
• Gastrointestinal
• Immunomodulation
• Anti-Infective
• Central Nervous System
• Dermatology
• Genitourinary System

Drug Discovery Outsourcing Drug Type Outlook (Revenue, USD Million, 2016 - 2028)

• Small Molecules
• Large Molecules (Biopharmaceuticals)

Drug Discovery Outsourcing Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• MEA
  • South Africa

List of Key Players of Drug Discovery Outsourcing Market

• Albany Molecular Research Inc.
• EVOTEC
• Laboratory Corporation of America Holdings
• GenScript
• Pharmaceutical Product Development, LLC
• Charles River
• WuXi AppTec
• Merck & Co., Inc.
• Thermo Fisher Scientific Inc.
• Dalton Pharma Services
• Oncodesign
• Jubilant Biosys
• DiscoverX Corporation
• QIAGEN

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smart Cities Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Smart Cities Market Growth & Trends

The global smart cities market size is expected to reach USD 676.01 billion by 2028, registering a CAGR of 29.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The demand for smart cities is anticipated to increase primarily due to factors such as rising urban population, growing necessity to efficiently manage limited natural resources, and environmental sustainability. Smart cities include a large number of domains and application areas augmented with technological advancements and their efficient use to provide services to citizens of a city. The aging infrastructure, rapid urbanization, and adoption of the latest technology, coupled with the demand for improved quality of life, are driving the market growth.

The growing number of inhabitants and the rapid rate of urbanization has subjected the existing infrastructure to high stress. There is a growing necessity for efficient and sustainable infrastructure management. As such, city governments and municipalities are tackling these problems through smart city initiatives across mobility, utility management, and safety domains. Furthermore, the increase in traffic congestion and greenhouse gas emissions is driving the adoption of smart mobility and efficient energy management applications. This is driving the demand for smart cities globally.

The market for smart cities covers various sectors such as transport, water, healthcare, assisted living, energy, and security. Smart city implementation differs from city to city primarily due to the disparity in technological penetration, awareness, and investments. The high volume of initial financial investments needed to establish different sectors and departments for efficient smart city implementation and the lack of a systemic process for the same may hinder the market growth. However, the market is expected to grow significantly over the forecast period owing to the increasing availability of technology, renewed interest in smart cities via initiatives and investments, and all-inclusive involvement of industry stakeholders in the same.

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Smart Cities Market Report Highlights

• The smart utilities segment is anticipated to register a CAGR of 24.0% over the forecast period. The advent of smart grids is a significant factor driving the adoption of smart utilities. The integration of advanced data analytics and cloud technologies into smart utilities is also expected to drive the segment growth
• The smart infrastructure segment is anticipated to register the highest CAGR of 17.0% over the forecast period. The demand for smart infrastructure is driven by the need for a smart and sustainable city that uses ICTs primarily to improve the quality of life and efficiency of urban operations
• The smart ticketing and travel assistance segment is expected to record a CAGR of 37.6% over the forecast period. The growing adoption of mobile ticketing at venues such as cricket stadiums and amusement parks, coupled with the launch of NFC-enabled smartphones and contactless smart cards, is expected to create opportunities for the smart ticketing segment growth over the forecast period
• The private segment is expected to register a CAGR of 28.9% over the forecast period. Players in the private sector, including service providers, collaborators, and financiers, collaborate and aid in the planning and designing of projects with technical insights and best practices to implement and deliver technology solutions
• The waste management segment is estimated to attain a significant size in terms of revenue by 2028, registering a CAGR of 26.3% over the forecast period. Several governments are approaching system integrators, OEMs, and distributors to install smart trash bins across various cities and municipalities, which is driving the segment growth
• Asia Pacific is anticipated to register the highest CAGR of 39.4% over the forecast period. The region is demonstrating a myriad of smart city initiatives, mostly influenced by national agendas and the growing need to upgrade aging infrastructure
• Some of the prominent players operating in the market include ABB Limited; AGT International; AVEVA Group plc; and Cisco Systems, Inc.

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Smart Cities Market Segmentation

Grand View Research has segmented the global smart cities market based on application, governance model, and region:

Smart Cities Application Outlook (Revenue, USD Million, 2016 - 2028)

• Smart Governance
• Smart Building
• Environmental Solution
• Smart Utilities
• Smart Transportation
• Smart Healthcare

Smart Cities Smart Governance Outlook (Revenue, USD Million, 2016 - 2028)

• City Surveillance
• CCS
• E-governance
• Smart Lighting
• Smart Infrastructure

Smart Cities Smart Utilities Outlook (Revenue, USD Million, 2016 - 2028)

• Energy Management
• Water Management
• Waste Management

Smart Cities Smart Transportation Outlook (Revenue, USD Million, 2016 - 2028)

• Intelligent Transportation System
• Parking Management
• Smart Ticketing & Travel Assistance

Smart Cities Governance Model Outlook (Revenue, USD Million, 2016 - 2028)

• Public
• Private
• PPP

Smart Cities Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Russia
  • Nordic Region
  • Eastern Europe
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • ASEAN
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Africa
  • Middle East

List of Key Players in the Smart Cities Market

• ABB Limited
• AGT International
• AVEVA Group plc.
• Cisco Systems, Inc.
• Ericsson
• General Electric
• Honeywell International Inc.
• International Business Machines Corporation
• Itron Inc.
• KAPSCH Group
• Huawei Technologies Co., Ltd.
• Microsoft Corporation
• Oracle Corporation
• Osram Gmbh
• SAP SE
• Schneider Electric SE
• Siemens AG
• Telensa
• Verizon
• Vodafone Group plc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Paint Protection Film Market Is Projected To Reach Approximately USD 428.09 Million By 2028: Grand View Research Inc.

 Paint Protection Film Market Growth & Trends

The global paint protection film market size is projected to reach USD 428.09 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% during the forecast period. Increasing consumer awareness about vehicle paint protection against stone chipping, bug splatters, and abrasions is expected to trigger the demand for Paint Protection Films (PPFs).

On the other hand, ceramic coating technologies are likely to be used as a substitute to these films on account of their superior performance against abrasions and scratches, thus impacting the growth of the market. In addition, frequent discrepancies in raw material pricing as well as declining automotive production in several economies, such as the U.S., Korea, and Japan, are predicted to act as a restraining factor for the market players. However, the rapid growth of other end-use application sectors, such as aerospace & deference and electrical & electronics, is anticipated to provide new opportunities to them.

The global market is highly competitive on account of the easy availability of raw material and the strong presence of several key players with sufficient production capacities. Product sustainability, price, and durability are anticipated to be the key factors impacting the buyers’ decisions. The product is broadly available in retail as well as online platforms. Moreover, its installation necessitates expertise and specially trained employees for optimal results. Therefore, key industry participants are also focusing on after-purchase services. Some players have various established contracts with domestic installers to expand their geographical presence.

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Paint Protection Film Market Report Highlights

• In 2020, automotive & transportation emerged as the largest application segment and accounted for over 72% of the global revenue share, in which a majority of the product demand is attained from the passenger cars segment due to its superior color protection characteristics
• The aerospace & defense application segment is poised to register the fastest CAGR of 7.8% over the forecast period
• The growth of this segment can be attributed to the increasing investments in the aircraft and defense sectors in China, U.S., and India
• In 2020, the electrical & electronics application segment accounted for 4% of the overall market volume
• This share resulted majorly from the demand for electronic gadgets, such as mobiles, laptops, tablets, and phablets, in emerging economies of Asia Pacific and Central & South America
• In 2020, Asia Pacific was the leading regional market, in terms of volume as well as revenue, due to high product demand
• The regional market will expand further at the fastest CAGR from 2021 to 2028 mainly due to a significant rise in automotive sales in emerging economies, such as China, India, Vietnam, Thailand, and South Korea

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Paint Protection Film Market Segmentation

Grand View Research has segmented the global paint protection film market on the basis of application and region:

PPF Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• Automotive & Transportation
• Electrical & Electronics
• Aerospace & Defense
• Others

PPF Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
• Central & South America
• Middle East & Africa

List of Key Players of Paint Protection Film (PPF) Market

• KDX Composite Material
• 3M Company
• Eastman Chemical Company
• Premier Protective Films International
• Renolit
• SWM, Inc.
• XPEL, Inc.
• Avery Dennison Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Antimicrobial Additives Market is Anticipated to Upgrade USD 4.7 Billion Revenue By 2028: Grand View Research Inc.

 Antimicrobial Additives Market Growth & Trends

The global antimicrobial additives market size is expected to reach USD 4.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 8.5% from 2021 to 2028. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.

The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the Covid-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of Covid-19 will positively impact the market growth. Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.

On the basis of type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for 52.0% of the global revenue share in 2020. The inorganic type segment is expected to witness significant growth due to the high demand for silver-, copper-, and zinc-based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and providing protection against microbial growth.

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Antimicrobial Additives Market Report Highlights

• In terms of revenue, the inorganic type segment accounted for the highest share in 2020 and is expected to expand at the fastest CAGR over the forecast period
• The healthcare end-use segment dominated the global market and accounted for more than 25% of the overall revenue in 2020
• Asia Pacific accounted for the largest revenue share in 2020 and is estimated to register the fastest CAGR from 2021 to 2028
• The growth of the APAC regional market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan
• The industry is highly competitive and various strategic initiatives were recorded over the past few years to boost the market growth
• For instance, In November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its “Sanitized” antimicrobial additives in the Eastern Europe market

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Antimicrobial Additives Market Segmentation

Grand View Research has segmented the global antimicrobial additives market on the basis of type, application, end-use, and region:

Antimicrobial Additive Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Organic
• Inorganic
  • Silver
  • Copper
  • Zinc

Antimicrobial Additive Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Plastics
• Paints & Coatings
• Pulp & Paper
• Others

Antimicrobial Additive End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Healthcare
  • Minimally Invasive Medical Products
  • Endotracheal Tubes
  • Wound dressing
  • Surgical drapes
  • Syringes
  • Re-usable Medical items
    • Hospital Bedding
    • Dental trays
    • Beds
    • Hospital gowns
    • Orthopedic devices
    • Laparoscopic Instruments
    • Medical Scrubs
  • Packaging
    • Food Packaging
      • Active Packaging
      • Controlled Release Packaging
    • Non-food Packaging
  • Food & Beverage
    • Bakery Food
    • Beverages
    • Dairy
    • Meat Processing
  • Building & Construction
    • Insulation
    • Faucets & Fixtures
    • Door Hardware
    • Sealants & Grouts
    • Carpet
    • Paints
    • OSB
    • Melamine
    • Others
  • Automotive & Transportation
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Train
    • Aeroplanes
  • Textile
    • Apparels
    • Home Textiles
    • Footwear
    • Sport Textiles
    • Non-woven
    • Others
  • Consumer Goods
    • Cleaning Products
    • Cosmetics
    • Toys
  • Others

Antimicrobial Additive Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • GCC Countries
  • South Africa

List of Key Players of Antimicrobial Additives Market

• NanoBioMatters Industries S.L.
• BASF SE
• RTP Company
• Milliken Chemical
• BioCote Ltd.
• Microban International
• Clariant AG
• PolyOne Corp.
• Momentive Performance Materials, Inc.
• Life Materials Technologies Ltd.
• SteriTouch Ltd.
• Sanitized AG
• Dow, Inc.
• LyondellBasell Industries Holdings B.V.
• Plastics Color Corp.
• Lonza

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Transportation Management Systems Market Trends Regulations And Competitive Landscape Outlook to 2028

 Transportation Management Systems Market Growth & Trends

The global transportation management systems market size is expected to reach USD 27.48 billion by 2028, according to a new report by Grand View Research, Inc., the market is expected to register a CAGR of 14.3% from 2021 to 2028. The unabated growth of the e-commerce and retail industries and the strong emphasis on automating the supply chain and logistics processes using the latest technologies are expected to drive the demand for Transportation Management Systems (TMS) over the forecast period.

The logistics industry has been evolving in line with the advances in technology. The latest technologies, such as artificial intelligence (AI), blockchain, Internet of Things (IoT), and big data, are rapidly transforming the way transportation systems are designed and implemented. Logistics and transportation activities involve a significant exchange of information between all the stakeholders, especially the customers and service providers. At this juncture, efficient TMS facilitates the rapid exchange of information. They also enhance visibility and control over the shipments and subsequently efficiency and customer satisfaction.

The demand for Software-as-a-Service (SaaS)-based TMS is growing owing to the cost-effectiveness and flexibility associated with the SaaS delivery model. Cloud-based services account for a significant share of the global TMS market. Given the increasing demand for customized solutions, vendors are competing aggressively to offer advanced, on-demand software.

Transportation management systems help in accelerating the order-to-delivery cycle times, reducing inventory management costs, ensuring compliance, reducing freight costs, and cutting the time spent on maintaining customs documentation. The higher ROI offered by transportation management systems is particularly serving as a primary driver of the growth of the TMS market.

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Transportation Management Systems Market Report Highlights

• The cloud segment is anticipated to register a significant CAGR over the forecast period. The growth can be attributed to the continued digitalization and growth of the e-commerce industry in emerging economies
• The airways segment is expected to register a considerable CAGR over the forecast period. The growing demand for fast-paced delivery of products from the incumbents of the retail, e-commerce, healthcare, and logistics industries is expected to encourage the deployment of TMS for air transportation
• The government organizations segment is anticipated to register a moderate CAGR over the forecast period owing to the rising demand for traffic management solutions, including automatic number plate recognition, signaling, information management, and parking management, among others
• North America accounted for the largest revenue share owing to the increasing import and export activities across the U.S. and Canada, which are driving the demand for TMS for real-time tracking of products across the region

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Transportation Management Systems Market Segmentation

Grand View Research has segmented the global transportation management systems market based on deployment, mode of transportation, end-use, and region:

Transportation Management Systems Deployment Outlook (Revenue, USD Billion, 2018 - 2028)

• On-premise
• Cloud

Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2018 - 2028)

• Roadways
• Railways
• Waterways
• Airways

Transportation Management Systems End-use Outlook (Revenue, USD Billion, 2018 - 2028)

• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Others

Transportation Management Systems Regional Outlook (Revenue, USD Billion, 2018 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East & Africa

List of Key Players in the Transportation Management Systems Market

• 3GTMS
• BluJay Solutions Ltd.
• Cerasis, Inc.
• H. Robinson Worldwide, Inc.
• The Descartes Systems Group Inc.
• Infor Inc.
• International Business Machines Corporation
• inet-logistics GmbH
• JDA Software Group, Inc.
• Manhattan Associates
• MercuryGate International Inc.
• Oracle Corporation
• SAP SE
• Trimble Transportation Enterprise Solutions, Inc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Indoor Farming Market Estimated to Experience a Hike in Growth by 2028: Grand View Research Inc.

 Indoor Farming Market Growth & Trends

The global indoor farming market size is estimated to reach USD 75.3 billion by 2028, exhibiting a CAGR of 10.9% from 2021 to 2028, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food. The challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.

Indoor farming increases the crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It reduces the need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding the consumption of healthy and fresh food is anticipated to positively influence the growth of the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.

Europe dominated the market in 2020 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2021 to 2028, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.

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Indoor Farming Market Report Highlights

• The greenhouses segment dominated the market in terms of revenue in 2020 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
• The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
• The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals
• Some of the key players operating in the market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany)

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Indoor Farming Market Segmentation

Grand View Research has segmented the global indoor farming market based on facility type, component, crop category, and region:

Indoor Farming Facility Type Outlook (Revenue, USD Million, 2017 - 2028)

• Greenhouses
• Vertical Farms
  • Shipping Container
  • Building-based
• Others

Indoor Farming Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
  • Climate Control Systems
  • Lighting Systems
  • Sensors
  • Irrigation Systems
• Software
  • Web-based
  • Cloud-based

Indoor Farming Crop Category Outlook (Revenue, USD Million, 2017 - 2028)

• Fruits, Vegetables, & Herbs
  • Tomato
  • Lettuce
  • Bell & Chili Peppers
  • Strawberry
  • Cucumber
  • Leafy Greens
  • Herbs
  • Others
• Flowers & Ornamentals
  • Perennials
  • Annuals
  • Ornamentals
• Others

Indoor Farming Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East and Africa (MEA)

List of Key Players of Indoor Farming Market

• Argus Control Systems Ltd.
• Certhon
• General Hydroponics
• Hydrodynamics International
• Illumitex
• Lumigrow

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Hydroponics Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 Hydroponics Market Growth & Trends

The global hydroponics market size is estimated to reach USD 9.76 billion by 2028, exhibiting a CAGR of 20.7% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The adoption of smart farming technologies, such as vertical farming, which has helped the evolution of hydroponics, is expected to spur market growth. Continuous improvements in hydroponics technologies and the introduction of innovative, state-of-the-art technologies, including environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, are likely to fuel the demand.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is expected to expand at a high CAGR over the forecast period. Aggregate hydroponics farming encompassed multiple technologies, namely, drip, wick, and ebb and flow. Herein, the plants are grown with the presence of a medium such as rock wool, perlite, and others. It is essential for the farmers to choose the right kind of media for certain crops, as they vary in terms of pH and thickness, which may hinder the smooth growth of roots. However, the liquid systems eliminate the use of such as media and provide the nutrients directly to the roots, reducing the time required for yield. Hence, the adoption of liquid systems, such as deep-water culture and Nutrient Film Technique (NFT) is expected to witness significant growth over the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2020 and is estimated to continue its dominance over the forecast period. Europe held the largest share of the hydroponically grown tomatoes market in 2020 owing to the high cultivation rate in the Netherlands and Italy. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2020, as countries such as China, South Korea, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

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Hydroponics Market Report Highlights

• Middle East, South America, and Asia Pacific are anticipated to witness a lukewarm rise in terms of adoption of hydroponics, on account of the lack of government incentives to set up the infrastructure
• Increasing demand for cannabis for medical and recreational uses is expected to boost the adoption among indoor farmers from Canada, Georgia, South Africa, and other such countries
• NFT in the liquid hydroponic systems is one of the highly adopted methods used by indoor farmers. However, the state-of-the-art NFT technique is gaining more popularity amongst the growers
• Asia Pacific held the largest market share in 2020 owing to the substantial demand from countries, such as South Korea, China, India, and Hong Kong
• Europe is likely to emerge as the prominent segment, holding the largest market share by 2028. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics
• Mexico is projected to portray lucrative opportunities in near future, owing to the presence of market players, such as Hydroponic Systems, Cultura H, and General Hydroponics. Also, the drylands spread over 100 million hectares in the country restrict the agricultural expansion, driving the adoption of hydroponics and other vertical farming technologies

Access Press Release@ https://www.grandviewresearch.com/press-release/global-hydroponics-market

Hydroponics Market Segmentation

Grand View Research has segmented the global hydroponics market based on type, crops, and region:

Hydroponics Type Outlook (Revenue, USD Million, 2017 - 2028)

• Aggregated systems
• Liquid systems

Hydroponics Crops Outlook (Revenue, USD Million, 2017 - 2028)

• Tomatoes
• Lettuce
• Peppers
• Cucumbers
• Herbs
• Others

Hydroponics Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Rest of World

List of Key Players of Hydroponics Market

• AeroFarms
• AmHydro
• Argus Control Systems Ltd.
• Emirates Hydroponics Farms
• Freight Farms
• Green Sense Farms Holdings, Inc.
• Heliospectra AB
• LumiGrow
• Signify Holding
• Terra Tech Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.