Research Insight

Circuit Breaker Market Size & Share - Future Growth Expectations

The global circuit breaker market size is expected to reach USD 8.6 billion by 2028 from an estimated USD 6.5 billion in 2023, at a CAGR of 5.5% during the forecast period. The major factors driving the growth of this market include the increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure.

• Published: May 2024

Power Management System Industry - Emerging Trends to Fuel the Global Growth

The global power management system market is expected to reach USD 7.5 billion by 2028 from an estimated USD 5.8 billion in 2023, at a CAGR of 5.4% during the forecast period. The major factors driving the growth of this market include Increasing demand for energy efficiency, rising installation of renewables in industries.

• Published: May 2024

Electronic Skin Patch Companies - Abbott (US) and Dexcom, Inc. (US) are the Key Players

The Electronic Skin Patch Market is projected to grow from USD 15.0 billion in 2024 and is projected to reach USD 27.0 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. The growth of the Electronic Skin Patch market is driven by the increase in number of chronic diseases; and rising demand for remote health monitoring solutions.

• Published: May 2024

Power Management System Market Size & Share - Future Growth Expectations

The global power management system market size is expected to reach USD 7.5 billion by 2028 from an estimated USD 5.8 billion in 2023, at a CAGR of 5.4% during the forecast period. The major factors driving the growth of this market include Increasing demand for energy efficiency, rising installation of renewables in industries.

• Published: May 2024

Meat Products Market - Forthcoming Trends to Fuel the Global Growth

The meat products market, currently valued at USD 44.3 billion in 2023 and poised to achieve an 9.2% CAGR, reaching USD 68.9 billion by 2028, is experiencing transformative shifts and innovations. The global market for meat products is an ever-changing and varied segment within the food industry, comprising items such as beef, poultry, pork, lamb, and processed meats. In recent years, there has been a consistent rise in the demand for meat products, propelled by various factors, and this trend shows no signs of slowing down.

• Published: May 2024

Meat Products Market Size & Share - Future Growth Expectations

The meat products market, currently valued at USD 44.3 billion in 2023 and poised to achieve an 9.2% CAGR, reaching USD 68.9 billion by 2028, is experiencing transformative shifts and innovations. The global market for meat products is an ever-changing and varied segment within the food industry, comprising items such as beef, poultry, pork, lamb, and processed meats. In recent years, there has been a consistent rise in the demand for meat products, propelled by various factors, and this trend shows no signs of slowing down.

• Published: May 2024

Mobility as a Service Industry - Forthcoming Trends to Fuel the Global Growth

Mobility as a Service market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. The prices of fossil fuels have been increasing continuously with the volatile oil prices, which in turn increases transportation costs. With increasing inflation, owning a car has become a challenge, so people are switching to alternate modes of transportation, such as ride-hailing or car-sharing services. These services are flexible and convenient, and cost-effective for consumers.  Finding a proper parking space and paying for the same has become a big hassle for commuters. Such factors are driving the consumers towards MaaS.

• Published: May 2024

Mobility as a Service Market Size & Share - Future Growth Expectations

Mobility as a Service market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. The prices of fossil fuels have been increasing continuously with the volatile oil prices, which in turn increases transportation costs. With increasing inflation, owning a car has become a challenge, so people are switching to alternate modes of transportation, such as ride-hailing or car-sharing services. These services are flexible and convenient, and cost-effective for consumers.  Finding a proper parking space and paying for the same has become a big hassle for commuters. Such factors are driving the consumers towards MaaS.

• Published: May 2024

Energy Management Systems Industry - Emerging Trends to Fuel the Global Growth

The global energy management systems market is expected to reach USD 75.6 billion by 2028 from an estimated USD 40.7 billion in 2023, at a CAGR of 13.2% during the forecast period. The major factors driving the growth of this market include the increased energy usage and price volatility, rising installation of smart grids and smart meters, and government initiatives to combat climate change and improve energy efficiency.

• Published: May 2024

Blue Ammonia Market Size & Share - Future Growth Expectations

The global blue ammonia market size is expected to reach USD 7,664 million by 2030 from an estimated USD 78 million in 2023, at a CAGR of 62.3% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Top Companies in Physical Security Information Management (PSIM) - Everbridge (US) and Advancis (Germany)

The global physical security information management (PSIM) market size is projected to grow from USD 3.5 billion in 2024 to USD 4.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The expansion of physical security information management is propelled by the imperative for organizations to fortify their defenses against increasingly sophisticated threats. With the convergence of cyber and physical risks, the demand for robust PSIM solutions grows.

Additionally, the necessity for streamlined operations and enhanced situational awareness across diverse security systems drives the adoption of PSIM, enabling organizations to proactively address evolving security challenges while optimizing resource allocation and response capabilities.

• Published: May 2024

Top 10 High & Medium Voltage Products Market Size & Share - Future Growth Expectations

The global top 10 high and medium voltage products market is projected to reach USD 349.7 billion by 2028 from an estimated USD 264.1 billion in 2023, at a CAGR of 5.8% during the forecast period. Furthermore, investments in improving and expanding power grid infrastructure, such as smart grids and grid modernization projects, necessitate the use of high-quality equipment such as transformers, switchgear, and circuit breakers to ensure reliability and efficiency. As a result, these factors have a substantial impact on the market demand for high and medium voltage products.

• Published: May 2024

Hydrogen Generation Industry - Forthcoming Trends to Fuel the Global Growth

The global hydrogen generation market is projected to reach USD 257.9 billion by 2028 from an estimated USD 158.8 billion in 2023, at a CAGR of 10.2% during the forecast period. The hydrogen generation market refers to the industry that produces hydrogen gas using a variety of technologies, including steam methane reforming, electrolysis, biomass gasification, and others. Hydrogen is a versatile energy carrier with potential applications in fields such as transportation, industry, and energy storage. The market includes companies that manufacture hydrogen generation equipment, develop hydrogen production technology, and offer related services. With rising interest in hydrogen as a sustainable energy source and initiatives to decarbonize many industries, the hydrogen generation business is expanding and innovating rapidly.

• Published: May 2024

Seed Coating Industry - Forthcoming Trends to Fuel the Global Growth

The seed coating market is estimated at USD 2.38 billion in 2025 and is projected to reach USD 3.52 billion by 2030, at a CAGR of 8.2%. This growth is primarily fueled by the continuous introduction of innovative seed coating technologies and formulations, aimed at improving seed quality, optimizing crop performance, and promoting sustainability in agriculture.

Key technological advancements, including precision coating technologies, controlled release coatings, bio-polymer-based coatings, and nanocoatings, are driving the market's advancement.

• Published: May 2024

Hydrogen Generation Market Size & Share - Future Growth Expectations

The global hydrogen generation market is projected to reach USD 257.9 billion by 2028 from an estimated USD 158.8 billion in 2023, at a CAGR of 10.2% during the forecast period. The hydrogen generation sector is expanding and innovating rapidly as the focus shifts to renewable energy and a low-carbon economy. Governments, companies, and investors are increasingly realizing hydrogen's promise as a sustainable energy option for a wide range of uses, including transportation, manufacturing, and energy storage.

• Published: May 2024

Seed Coating Market Size & Share - Future Growth Expectations

The seed coating market is estimated at USD 2.38 billion in 2025 and is projected to reach USD 3.52 billion by 2030, at a CAGR of 8.2%. This growth is primarily fueled by the continuous introduction of innovative seed coating technologies and formulations aimed at improving seed quality, enhancing crop performance, and promoting sustainability in agriculture.

• Published: May 2024

Artificial Lift Industry - Emerging Trends to Fuel the Global Growth

The global artificial lift market is expected to reach USD 9.0 billion by 2028 from an estimated USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Cryogenic Equipment Industry - Forthcoming Trends to Fuel the Global Growth

The global Cryogenic Equipment Market size was valued at $11.9 billion in 2023 to reach $16.6 billion by 2028; it is expected to record a CAGR of 6.9% from 2023 to 2028. The expanding need for cryogenic gases in many industries, technological improvements in cryogenic applications, and the increasing usage of LNG as a clean fuel alternative all contribute to the demand for cryogenic equipment.

• Published: May 2024

Artificial Lift Market Size & Share - Future Growth Expectations

The global artificial lift market size is expected to reach USD 9.0 billion by 2028 from an estimated USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Cryogenic Equipment Market Size & Share - Future Growth Expectations

The global cryogenic equipment market is projected to reach USD 16.6 billion by 2028 from an estimated USD 11.9 billion in 2023, at a CAGR of 6.9% during the forecast period. The Cryogenic Equipment Market refers to the industry that manufactures and distributes equipment designed to work at extremely low temperatures, often below -150°C (-238°F). Cryogenic equipment includes storage tanks, valves, pumps, vaporizers, and other components used to store, transport, and handle liquefied gases such as nitrogen, oxygen, argon, and LNG (liquefied natural gas).

• Published: May 2024

Cheese Powder Market Size & Share - Future Growth Expectations

The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028. The consumption pattern of cheese is observed to shift from the traditional way to more advanced and innovative way such as consumption of low fat and low sodium cheese powders which would impart more flavor to their food products. Thus, cheese powders are expected to be accepted and grow at a good pace in the coming years. The cheese powder industry is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese powder manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe.

• Published: May 2024

Cheese Powder Market - Forthcoming Trends to Fuel the Global Growth

The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028. The consumption pattern of cheese is observed to shift from the traditional way to more advanced and innovative way such as consumption of low fat and low sodium cheese powders which would impart more Flavors to their food products. Thus, cheese powders are expected to be accepted and grow at a good pace in the coming years. The cheese powder market is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese powder manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe.

• Published: May 2024

Grid-forming Inverter Industry - Emerging Trends to Fuel the Global Growth

The global grid-forming inverter market is expected to reach USD 1,042 million by 2028 from an estimated USD 680 million in 2023, at a CAGR of 8.9% during the forecast period. The major factors driving the growth of this market include the global transition towards clean and sustainable energy solutions, as well as the need for technologies that can enhance grid stability, reliability, and resilience in the face of evolving energy challenges.

• Published: May 2024

Grid-forming Inverter Market Size & Share - Future Growth Expectations

The global grid-forming inverter market size is expected to reach USD 1,042 million by 2028 from an estimated USD 680 million in 2023, at a CAGR of 8.9% during the forecast period. The major factors driving the growth of this market include the global transition towards clean and sustainable energy solutions, as well as the need for technologies that can enhance grid stability, reliability, and resilience in the face of evolving energy challenges.

• Published: May 2024

Solid Oxide Fuel Cell Industry - Emerging Trends Making Great Impact

The global solid oxide fuel cell market is projected to reach USD 5.4 billion by 2028 from an estimated USD 1.4 billion in 2023, at a CAGR of 31.0% during the forecast period. The solid oxide fuel cell (SOFC) market encompasses the manufacturing, development, and commercialization of solid oxide fuel cell technology. SOFCs are a form of fuel cell that uses a solid oxide electrolyte to generate electricity by oxidizing a fuel, usually hydrogen or hydrocarbon-based, at high temperatures.

• Published: May 2024

Solid Oxide Fuel Cell Market Size & Share - Future Growth Expectations

The global solid oxide fuel cell market is projected to reach USD 5.4 billion by 2028 from an estimated USD 1.4 billion in 2023, at a CAGR of 31.0% during the forecast period. SOFCs' market has been continuously rising due to its high efficiency, low emissions, and potential for usage in a variety of applications, including stationary power generation, portable power systems, and combined heat and power (CHP) units for residential and commercial buildings.

• Published: May 2024

Marine VFD Market Size & Share - Future Growth Expectations

The Marine VFD market is projected to reach USD 1.6 billion by 2030 from an estimated USD 1.1 billion in 2023, at a CAGR of 5.0% during the forecast period. Variable Frequency Drives (VFDs) are electronic devices that control the speed of alternating current motors in a variety of applications, including marine propulsion systems, auxiliary systems, pumps, fans, and other gear on board ships and boats. VFDs allow exact control of motor speed by adjusting the frequency and voltage supplied to the motor, resulting in energy savings, increased efficiency, and greater performance.

• Published: May 2024

EV Charging Cable Industry - Forthcoming Trends to Fuel the Global Growth

The global EV charging cable market is estimated to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As awareness of environmental concerns and the benefits of EVs continues to rise, there has been a significant surge in the adoption of electric vehicles worldwide. This surge has naturally spurred the demand for efficient and innovative charging solutions, leading to a substantial expansion of the EV charging cable market. The market's growth can also be attributed to government incentives and initiatives aimed at promoting clean energy, further encouraging consumers to embrace electric mobility.

• Published: May 2024

EV Charging Cable Market Size & Share - Future Growth Expectations

The EV charging cable industry is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period. As awareness of environmental concerns and the benefits of EVs continues to rise, there has been a significant surge in the adoption of electric vehicles worldwide. This surge has naturally spurred the demand for efficient and innovative charging solutions, leading to a substantial expansion of the EV charging cable market. The market's growth can also be attributed to government incentives and initiatives aimed at promoting clean energy, further encouraging consumers to embrace electric mobility.

• Published: May 2024

Submarine Power Cable Industry - Emerging Trends Making Great Impact

The global submarine power cable market is projected to reach USD 22.3 billion by 2028 from an estimated USD 12.9 billion in 2023, at a CAGR of 11.5% during the forecast period. The submarine power cable market refers to the industry that manufactures, installs, and maintains power cables meant to carry energy underwater. These cables are used for a variety of purposes, including connecting power grids across countries or regions separated by water, connecting offshore renewable energy sources like wind farms or tidal turbines to onshore power grids, and supplying power to offshore oil and gas platforms.

• Published: May 2024

Submarine Power Cable Market Size & Share - Future Growth Expectations

The global submarine power cable market is projected to reach USD 22.3 billion by 2028 from an estimated USD 12.9 billion in 2023, at a CAGR of 11.5% during the forecast period. The submarine power cable industry has grown significantly in recent years, owing to rising demand for renewable energy and the expansion of offshore energy projects. This increase is being driven by the need to integrate offshore wind farms into onshore grids, the development of remote offshore oil and gas fields, and the replacement of aged submarine cables in existing infrastructure.

• Published: May 2024

Usage Based Insurance Industry - Forthcoming Trends to Fuel the Global Growth

The usage based insurance market is projected to reach USD 80.7 billion by 2028 from an estimated USD 30.6 billion in 2023, at a CAGR of 21.4% during the forecast period. The usage based insurance market is witnessing rapid growth owing to an increase in the adoption of telematics devices in the automotive industry, smartphone enabled programs, and increased sales of connected cars. Leading manufacturers and service providers gather and analyze the data using telematics devices or connected car features, which has helped insurance providers assess a driver's risk profile. Additionally, all the UBI companies provide additional discounts on insurance to reward responsible drivers.

• Published: May 2024

Usage Based Insurance Market Size & Share - Future Growth Expectations

The usage based insurance market is projected to reach USD 80.7 billion by 2028 from an estimated USD 30.6 billion in 2023, at a CAGR of 21.4% during the forecast period. The usage based insurance market is witnessing rapid growth owing to an increase in the adoption of telematics devices in the automotive industry, smartphone enabled programs, and increased sales of connected cars. Leading manufacturers and service providers gather and analyze the data using telematics devices or connected car features, which has helped insurance providers assess a driver's risk profile. Additionally, all the UBI companies provide additional discounts on insurance to reward responsible drivers.

• Published: May 2024

E-fuels Industry - Emerging Trends Fueling Market Growth

The global e-fuels market is expected to reach USD 49.4 billion by 2030 from an estimated USD 6.2 billion in 2023, at a CAGR of 34.5% during the forecast period. The major factors driving the growth of this market include In addition to transportation and aviation, e-fuels are being used in power production, heating, and as an energy carrier in isolated or off-grid regions, which is increasing market demand.

• Published: May 2024

E-fuels Market Size & Share - Future Growth Expectations

The global e-fuels market size is expected to reach USD 49.4 billion by 2030 from an estimated USD 6.2 billion in 2023, at a CAGR of 34.5% during the forecast period. The major factors driving the growth of this market include In addition to transportation and aviation, e-fuels are being used in power production, heating, and as an energy carrier in isolated or off-grid regions, which is increasing market demand.

• Published: May 2024

Food Diagnostics Market Size & Share - Future Growth Expectations

The food diagnostics market size is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Food diagnostics involves a range of techniques and technologies used to detect contaminants, pathogens, allergens, and adulterants in food products. The market is primarily driven by the growing concerns regarding food safety, increasing consumer awareness, and stringent regulations imposed by governments worldwide.

• Published: May 2024

Air Circuit Breaker Industry - Emerging Trends to Fuel the Global Growth

The global air circuit breaker market is expected to reach USD 4.1 billion by 2028 from an estimated USD 3.2 billion in 2023, at a CAGR of 5.0% during the forecast period. The major factors driving the growth of this market include heightened investments in power generation, especially from renewable sources, a growing global demand for reliable power supply, and enhancements in transmission and distribution networks.

• Published: May 2024

Air Circuit Breaker Market Size & Share - Future Growth Expectations

The global air circuit breaker market size is expected to reach USD 4.1 billion by 2028 from an estimated USD 3.2 billion in 2023, at a CAGR of 5.0% during the forecast period. The major factors driving the growth of this market include heightened investments in power generation, especially from renewable sources, a growing global demand for reliable power supply, and enhancements in transmission and distribution networks.

• Published: May 2024

Food Diagnostics Industry - Forthcoming Trends to Fuel the Global Growth

The food diagnostics market size is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Food diagnostics involves a range of techniques and technologies used to detect contaminants, pathogens, allergens, and adulterants in food products. The market is primarily driven by the growing concerns regarding food safety, increasing consumer awareness, and stringent regulations imposed by governments worldwide.

• Published: May 2024

Air Brake System Industry - Forthcoming Trends to Fuel the Global Growth

The air brake system market, by value, is projected to grow to USD 3.4 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 2.2% from 2023 to 2028. The base year for the report is 2022 and the forecast period is from 2023 to 2028. The major driving factors of the air brake system market are increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains and fail-safe nature of air brakes compared with that of hydraulic brakes.

• Published: May 2024

Air Brake System Market Size & Share - Future Growth Expectations

The air brake system market, by value, is projected to grow to USD 3.4 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 2.2% from 2023 to 2028. The base year for the report is 2022 and the forecast period is from 2023 to 2028. The major driving factors of the air brake system market are increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains and fail-safe nature of air brakes compared with that of hydraulic brakes.

• Published: May 2024

Electric Vehicle Industry - Forthcoming Trends to Fuel the Global Growth

The global EV market is projected to grow from USD 388.1 billion in 2023 to USD 951.9 billion by 2030, registering a CAGR of 13.7%. The electric vehicle (EV) market has witnessed unprecedented growth in recent years, signaling a remarkable shift towards cleaner and more sustainable transportation solutions worldwide. Governments' increased focus on reducing greenhouse gas emissions and combating climate change has been a driving force behind the surge in EV adoption. With rising environmental awareness and stringent regulations, consumers and businesses are increasingly embracing EVs as a viable alternative to conventional internal combustion engine vehicles.

• Published: May 2024

Dry Type Transformer Industry - Emerging Trends to Fuel the Global Growth

The global dry type transformer market is expected to reach USD 9.2 billion by 2028 from an estimated USD 6.6 billion in 2023, at a CAGR of 6.8% during the forecast period. The major factors driving the growth of this market include the rising safety concerns, increasing focus on renewable energy, and the growing demand for electricity.

• Published: May 2024

Dry Type Transformer Market Size & Share - Future Growth Expectations

The global dry type transformer market size is expected to reach USD 9.2 billion by 2028 from an estimated USD 6.6 billion in 2023, at a CAGR of 6.8% during the forecast period. The major factors driving the growth of this market include the rising safety concerns, increasing focus on renewable energy, and the growing demand for electricity.

• Published: May 2024

EV Market Size & Share - Future Growth Expectations

The global EV Market size is projected to grow from USD 396.4 Billion in 2024 to USD 620.3 Billion by 2030, registering a CAGR of 7.7%. EV Market is becoming more practical due to improvements in the battery technology along with the overall changes in technology which are taking place in our society. Four key reasons have contributed towards this development. They include strict government policies that seek to reduce the carbon emissions into the atmosphere, development of batteries that allow for longer distance covering and take shorter time to charge, quest for green transport mechanisms, growing fuel costs and growing awareness among consumers about preserving environment. In addition, the increased infrastructure of charging and supportive government incentives has increased the adoption of electric vehicles around the world.

• Published: May 2024

Plant-Based Protein Market Size & Share - Future Growth Expectations

• Published: May 2024

Mining Machinery Industry - Forthcoming Trends to Fuel the Global Growth

The mining machinery market is size estimated to grow from USD 24.8 billion in 2023 to USD 32.8 billion by 2030, at a CAGR of 4.1%. Demand for critical minerals which are essential in the production of a wide range of products that include electric vehicles, batteries, and solar panels has led to an increase in mining exploration activities which is further driving the demand for advanced mining machines for increased productivity and safer operations. Also, significant amounts of raw materials, such as metals, minerals, and aggregates, are required by infrastructure projects and the rapid urbanization process, which requires mining operations and the use of specialized mining machinery, thus driving the demand for the mining machinery market.

• Published: May 2024

Mining Machinery Market Size & Share - Future Growth Expectations

The mining machinery industry is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period. Demand for critical minerals which are essential in the production of a wide range of products that include electric vehicles, batteries, and solar panels has led to an increase in mining exploration activities which is further driving the demand for advanced mining machines for increased productivity and safer operations. Also, significant amounts of raw materials, such as metals, minerals, and aggregates, are required by infrastructure projects and the rapid urbanization process, which requires mining operations and the use of specialized mining machinery, thus driving the demand for the mining machinery market.

• Published: May 2024

Plant-Based Protein Industry - Forthcoming Trends to Fuel the Global Growth

The plant-based protein market is estimated at USD 23.89 billion in 2025 and is projected to reach USD 34.97 billion by 2030, at a CAGR of 7.9%. Plant-based proteins have surged in popularity thanks to their diverse range of nutritional benefits, attracting individuals in search of a healthier and more sustainable protein source.

• Published: May 2024

Agricultural Micronutrients Industry - Forthcoming Trends to Fuel the Global Growth

The global agricultural micronutrients market, valued at USD 4.5 billion in 2023, is expected to reach USD 6.9 billion by 2028, growing at a CAGR of 8.6%. Key drivers include the need for improving agricultural yield and crop quality, driven by the rising global population's demand for high-quality food. Soil micronutrient deficiencies and increased awareness of their benefits also contribute to market growth, alongside research and technological advancements in micronutrient fertilizers.

• Published: May 2024