4 trends that will garner substantial proceeds for oxygen scavenger masterbatch market for food packaging by 2025
Innovations in food packaging sector has been proved to be a great driving force for oxygen scavenger masterbatch market for food packaging. To ensure food safety and edibility of perishable products, several new technological advancements have been made in oxygen scavenger masterbatch industry for food packaging. New packaging materials and techniques preserving quality of food products are also offering impetus to the industry.
Some of the key trends and factors which are expected to propel oxygen scavenger masterbatch market for food packaging by 2025 are as follows:
Increasing consumption of dairy products will foster oxygen scavenger masterbatch market size for food packaging:
Growing concerns over the deterioration of dairy items due to reaction with oxygen has generated the need for the specialty masterbatches in the food packaging sector. Rising demand and consumption of fresh dairy products is likely to offer a push to the oxygen scavenger masterbatch market for food packaging.
Between 2019 and 2030, the global demand growth for milk and milk products is anticipated to be three times the level of current U.S. milk production. Currently, about 876 million tons of milk are produced globally with EU, India, and Oceania among the top producers. Cheese consumption in the U.S. is expected to continue to increase between 2017 and 2022. By 2030, milk production and demand is forecasted to increase in total by 35%, simultaneously expanding oxygen scavenger masterbatch market size for food packaging.
Growing inclination towards meat consumption to lift the share of oxygen scavenger masterbatch market for food packaging:
Besides increasing demand of dairy items, meat consumption and demand is also rising and offering driving impetus to the growth of oxygen scavenger masterbatch industry for food packaging. Global meat consumption increased by 58% over the past 20 years to reach 360 million tons in 2018. Population expansion has been accredited for 54% of this increase.
In the 20 years leading up to 2018, developing countries are credited for approximately 85% of the rise in global meat consumption. Between 1998 and 2018, Chinese consumption of meat increased by almost 72%. In the United States and Australia, meat consumption increased over the same time period because of higher poultry consumption.
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When meat is exposed to oxygen, the meat appears bright red which is identified to be fresh by consumers. However exposure to too much oxygen leads to meat turning brown which is not readily bought by consumers. Therefore oxygen scavenger masterbatch has become an essential part of meat packaging.
Rising adoption of intelligent packaging to expand oxygen scavenger masterbatch market landscape for food packaging:
Due to changes in lifestyle trends and consumer demands in commercialization, packaging has played a key role in preserving fast moving consumer goods. Globally active and intelligent packaging was assessed to amount to more than $4.5 billion in 2018 and is likely to grow at a considerable rate in the times to come. Escalating adoption of active and intelligent packaging will set the oxygen scavenger masterbatch market growth for food packaging in greater motion.
For instance, packaging that can transmit real-time information about the ripeness of fruits packed inside was lately launched at Italian trade fair Macfrut held in Rimini. The latest technology called Smart Ripe has been fostered by Italian company Ilip in collaboration with the University of Turin’s Department of Agricultural, Forest and Food Sciences, a spin-off of the University of Rome Tor Vergata, and Radio6ense.
Ilip has stated that the system leverages a highly sensitive radio-frequency identification (RFID) tag implanted inside the packaging. The tag can sense certain dielectric variations in the fruit pulp related to ripeness, such as acidity, water and sugar content, and turgidity. The technology has the potential to bring new value to fresh produce by ensuring that the consumers get desired shelf-life and product quality.
Flexible packaging to influence revenue share of oxygen scavenger masterbatch market for food packaging:
The key user segments of flexible packaging are beverages, snacks and confectionaries, fresh and frozen foods, dairy products etc. The growth of flexible packaging sector will directly influence the expansion of oxygen scavenger masterbatch market for food packaging. The size of the Indian flexible food packaging sector has been estimated to be $900 million, growing at around 20 percent annually. Replacement of conventional packaging materials like glass, tin, paper, jute etc. with flexible materials in several applications added impetus to the flexible packaging segment. The segment is growing at around 104 percent annually in India and is expected to grow to $482 billion by 2020.
Various packaging needs varying with the type of food item and packaging requirements are going to contribute in the growth of oxygen scavenger masterbatch industry for food packaging. Several technological advancements and innovations are being made by the companies like Ilip that are setting examples for the market players like Clariant, Albis Plastic, Gabriel Chemie etc. to put extra efforts in the direction of development. Increasing demand of meat and dairy products is also a key factor contributing to value of oxygen scavenger masterbatch market for food packaging which is estimated to be over $25 million by 2025.
Author Name : Anchal Solanki
Ethylene-based plant growth regulators market to be driven by surging demand for fruit ripening agents, escalating need for combating food shortage to stimulate the industry trends over 2018-2025
Focusing on the adverse effect of climate change on the cultivation of crops, players in plant growth regulators market have lately been encouraging farmers to increase the productivity of crops. The rapidly growing population across the globe and the corresponding food production have come out to be inversely proportional. In accordance, several regulatory bodies and groups like the Food and Agriculture Organization (FAO) are also contributing toward controlling the hunger and food deficit across the globe.
U.S. plant growth regulators market size, by product, 2014 – 2025 (USD Million)
More precisely, they have been trying to enhance the food security and sustainably nourish the global populace by encouraging people to use advanced technologies and appropriate plant growers for cultivating crops. In addition, several companies contributing to the plant growth regulators industry have been partnering with farmers to educate them about the use of mechanization and better seeds for fulfilling future food needs.
The increasing awareness among the farmers about the benefits and use of plant health boosters is likely to propel the plant growth regulators market share. With the advent of new agricultural practices, farmers have been trying to reduce the risk associated with the shortage of food across the globe. Genetically modified plants are also one of the inventions of researchers that are witnessing a positive impact on the food security and food safety initiatives implemented by the various regional governments. In fact, the researchers have been putting their efforts to increase the quantity of produce developed from existing farmlands.
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Cargill is one of the leading contributors of plant growth regulators market that has been supporting farmers across the globe to adapt to the changing climatic conditions by investing in innovations and providing training to the farmers. In addition, it also has been collaborating with multilateral organizations, governments, and civil society groups to encourage farmers to use plant growers that will build resilience across the global food system.
As of now, cases of hunger and malnutrition in underdeveloped countries owing to food shortage have increasingly been coming into the picture. In this regard, for achieving a sustainable and sufficient rise in agricultural productivity, policymakers and pesticide manufacturers have been investing in the development of a wide range of plant growth hormones that are essential for the growth and development of the crops. Traditionally, ethylene, auxins, and cytokinins are some of the majorly used plant hormones, but with progressive research, new regulators like polyamines are also being adopted by farmers.
Over the last few years, ethylene has been counted among the popular plant growth regulators playing a crucial role in the ripening of numerous types of fruits comprising melons, pear, banana, and apple. The surging use of such plant growth regulators to speed up the ripening process is poised to improve the product demand over the years ahead. For the record, ethylene plant growth regulators industry will register the highest annual growth rate over 2018-2025, pertaining to the surging demand for fruits across the globe.
The role that policymakers play to increase farming practices for the stability of food production, to curb poverty, and enhance global health has indeed been impacting plant growth regulators industry size considerably. The increasing concerns among the masses about fitness and health also will have a significant influence on industry growth.
The growing importance for food security to decrease poverty across countries that are totally agro-based will indeed propel the need for plant growth regulators over the years ahead. The initiatives taken by global federal agencies to break the cycle of poverty and hunger as well as to improve the nutritional value of food will prove to be revenue generating opportunity for the key players. Driven by the increasing need to enhance the crop productivity, plant growth regulators market will generate revenue of more than USD 9.7 billion by the end of 2025.
Author Name : Sunil Hebbalkar
North America food pathogen testing market to witness substantial gains over 2017-2024, a stringent regulatory framework to stimulate product demand
Food pathogen testing market has now evolved into one of those fraternities that mandatorily demands an excessive requirement for sanitation at every stage of production, thereby necessitating the requirement for highly efficient pathogen removal processes. Pathogen testing tools are quite prominently used across the food product manufacturing sectors – right from the pre-process of raw material testing to the manufacturing of the end-product. The evolution of pathogen testing methods has delivered multiple benefits to the food vertical, which would undeniably impel food pathogen testing industry size. Given that the prevalence of health risks associated with contaminated products may impact negatively on the business, food manufacturers have been taking utmost precautions to deploy efficient pathogen testing methodologies during production, thereby carving out a positive growth path for food pathogen testing market in the years ahead. For the record, estimates claim food pathogen testing industry to have held a revenue of USD 3 billion in 2016.
U.S. Food Pathogen Testing Market, By Contaminant, 2013-2024, (Million tests)
The emergence of new technologies in food pathogen testing market has pushed the conventional pathogen test methods to next level. Considering the benefits of technological interventions, these advanced methods are being instantly accepted across the food and beverages industry. In North America, for instance, F&B sector behemoths have been giving high preference to pathogen testing methods pertaining to the growing use of genetically modified organisms and high medical expenses. This may perhaps be one of the key factors augmenting North America food pathogen testing industry size, which, as per a report compiled by Global Market Insights, Inc., will collect a revenue of more than USD 2 billion by the end of 2024.
Apart from the recent advancements prevalent in food pathogen detection, it has been observed that there are myriad opportunities and challenges to enhance the already existing technology in this business. Many players in food pathogen testing market though, prefer looking out for newer techniques and biosensors for food pathogen detection. Client partnerships with pathogen testing service providers are commonplace in food pathogen testing industry, to avoid product contamination. For instance, SGS, a leading verification, inspection, certification, and testing company plans to provide its services to the pet-food manufacturers in United States and Canada with regards to Salmonella contamination, to prevent health risks in pets. For the record though, in 2016, food pathogen testing industry size from salmonella contamination was valued at USD 1.2 billion. This may be attributed to the increase in the number of food borne diseases, subject to the presence of Salmonella in food products. Similar to SGS, many other prominent players in food pathogen testing market such as Bureau Veritas, SGS, Eurofins Scientific, RapidBio Systems, Inc.™, Intertek, Lloyd’s Register Quality Assurance, Inc., Det Norske Veritas, Genon Laboratories Ltd., and Microbac Laboratories have been observed to undertake efforts with regards to innovating novel pathogen testing methods.
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Taking into account the risks associated with foodborne diseases, the regulatory bodies of various countries have been enforcing strict norms to mandate the deployment of pathogen testing methods. In the U.S., Food and Drug Administration has formed the Food Safety Modernization Act (FSMA) to enhance the food safety system for public health protection. With the FSMA, FDA has also been able to collaborate with other domestic as well as foreign government agencies to build integrated food safety systems, which will prompt other governmental bodies to adopt food pathogen testing techniques, inherently propelling food pathogen testing market.
The governmental bodies across the Asia Pacific are strongly focusing on extensive research and development activities, owing to the rapid growth of the chemical and food processing sectors in the region. In addition, food pathogen testing industry players, having established their bases in the APAC belt, have also been striving to expand their reach across the frontiers and strengthen their customer pool. Recently, for example, Thermo Fisher Scientific Inc. acquired a leading contract development and manufacturing company, Patheon N.V., which has helped the former expand its customer base across the biotechnology and pharmaceutical sectors. These growth strategies are evidence enough to prove food pathogen testing market is likely to carve out a lucrative growth path in the years ahead.
Author Name : Sunil Hebbalkar
Vertical farming market to accrue sizable gains from indoor farm installations over 2018-2024, APAC to emerge as a highly lucrative regional avenue
Low availability of land and fluctuating weather conditions will lead vertical farming market to generate a sizable revenue over the next seven years. Of late, the issues of excess population, water conservation, crop production, and recycling have been plaguing the world, on the grounds of which vertical farming has been garnering traction as a feasible solution for these problems. Being the latest phenomenon in urban farming, vertical farming is secured with biosecurity procedures that prevent pest attacks on crops and restrict plant disease. Additionally, there is no concept of seasonal crop or run-offs, which eliminates crop spoilage and transport costs, thereby fueling vertical farming industry expansion. A report by Global Market Insights, Inc., states that vertical farming market size stood at a modest USD 2 billion in 2017.
North America Vertical Farming Market Size, By Application, 2013 – 2024 (USD Million)
Vertical farming essentially involves plants being grown in vertical layers, stacked one after the other in warehouses, barren lands, deserts, high-rise buildings, and shipping containers. Given that it reduces the necessity of pesticides, sprays, and herbicides in cropping systems and helps farmers deliver their produce on time, vertical farming market is expected to massively proliferate the farming domain in the ensuing years.
Unveiling vertical farming market trends from indoor farming techniques
While outdoor vertical farms are a rather common phenomenon, the concept of farming indoors on account of lack of space in urbane locales has been gaining momentum lately. Basically, indoor farms is inclusive of growing fruits, fish, and vegetables in a controlled environment, such as freight containers, parking spaces, and warehouses. Driven by the fact that this type of farming consumes less water, minimum land, and provides high yield, indoor farming accounted for only slightly lesser than 70% of the overall market share in 2017.
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Being a massively practiced controlled environment agriculture technique, indoor farming plays a vital role in combating the rising food demand for the ever-increasing populace. Another pivotal advantage of this type of farming is that it is controlled from external adverse climatic changes and thereby lends extra protection to crops. On account of the fact that it helps produce feed in substantially higher quantities without crop damage, vertical farming market size from indoor farming is expected to depict a CAGR of 28% over 2018-2024.
Asia Pacific is expected to emerge as one of the most popular regional grounds for vertical farming market, primarily aided by countries such as Singapore and Japan where land scarcity has become an issue of national concern plaguing the country. Other countries such as China, India, South Korea, and Taiwan are also touted to become highly lucrative revenue pockets for APAC vertical farming market. Indeed, APAC accounted for 30% of the overall vertical farming market share in 2017. Powered by changing food patterns, rising population, and lack of arable land, APAC is expected to become the largest vertical farming market in the years to come. for vertical farming in coming years. Japan and Singapore are the major markets for vertical farming and it is expected to rise in future due to rising land scarcity.
Prominent players operating in this market often engage in collaborations to enhance crop yield and provide a positive impetus to vertical farming market. For instance, Philips Lighting, one of the global lighting technology leaders, announced last year that it has completed the installation of Philips GreenPower LED Production Modules at Ecobain Gardens, the largest commercial vertical farm operation in Canada. Through this venture of upgrading the previously used lighting in the facility from fluorescent to LED, Philips Lighting aims to help the vertical farming industry major enhance production on a commercial scale, improve growing cycles, and help to grow healthier plants. The move had been touted to save close to CAD 30,000 in energy costs per year.
Author Name :Saipriya Iyer
U.S. Bionematicides Market size, by crop type, 2013-2024 (USD thousand)
Based on the crops, bionematicides market is mainly segmented into soybean, corn, cotton, and fruits & vegetables. Corn industry will grow at an annual growth rate of more than 4.5% over the period of 2016 to 2024, owing to the growing demand of bionematicides to improve crop productivity and reduce plant diseases. Fruits & vegetables crop collected a revenue of around USD 41 million in 2015, is projected to grow noticeably over the coming timeframe. The shifting trends towards the consumption of bio-based and organic fruits & vegetables will also favorably impact bionematicides market value.
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The cotton crop was worth more than USD 800 thousand in 2015 and is predicted to exhibit significant growth rate over the coming seven years. Bionematicides are prominently used to control the various nematodes such as sting, root knot, lance and cyst, which collectively reduced the crop revenue by USD 80 billion.
Taking into account the regional landscape, Asia Pacific bionematicides industry is predicted to register an annual growth rate of more than 4% over the coming period of 2016 to 2024, mainly driven by the increasing population as well as industrialization. Moreover, sustainability, demographic shifts, and rising environmental concerns will also be the attributing factors toward market growth. The government is supporting the farmers by providing subsidies and loans to promote sustainable farming. India, China, and Japan will contribute considerably towards the APAC bionematicides industry share.
North America bionematicides market will exhibit considerable growth rate over the coming seven years. U.S., having dominated the regional industry share by collecting worth USD 42 million in 2015, is expected to generate considerable revenue over the coming years. The primary attributing factor towards the market growth is the escalating usage of bio-pesticides as opposed to chemical pesticides. Additionally, shifting trends towards agricultural biotechnology like microbe-based pest control will enhance bionematicides industry share.
Market players are expected to invest heavily in the development activities over the coming years, and will adopt important growth strategies such as acquisitions and collaborations. Key industry participants in bionematicides market are Monsanto Company, Dow AgroSciences LLC., BASF SE, Bayer CropScience AG, and Syngenta AG. Other prominent market players include Marrone Bio Innovations, Inc., Valent BioSciences Corporation, Ecoman Biotech Co., Ltd., Certis USA LLC., and LAM International.
Author Name :Sunil Hebbalkar
Food safety testing market outlook: Rising food safety & security concerns to significantly influence the growth over 2016-2024
Increasing threats over food consumption have stimulated global food safety testing market and generated demand for effective test products that can ensure food safety. Food supply worldwide is facing a range of risks from environmental toxins, bacteria, and food allergens. Food safety testing industry size has been growing substantially, owing to the increasing threat of foodborne illness, and stringent food safety regulations. Moreover, expansion of import and export business of food supply across the globe is expected to further boost the demand for food safety testing market. According to Global Market Insights, Inc., “Food Safety Testing Market size worth USD 9 billion in 2015, is estimated to grow at a CAGR of 7% over the period of 2016-2024.” The food safety testing industry growth will also be influenced by the expansion of global processed food industry which is anticipated to surpass USD 7 trillion by 2024.
U.S. Food Safety Testing Market size, by contaminants, 2013-2024 (USD Million)
The most common source for contamination of food is pathogens. These pathogens can cause various gastrointestinal disorders such as abdominal cramps, vomiting, diarrhea and nausea leading to increase in illness and death of around 2 million people every year. Growing food epidemic has mandated the laboratory testing for Salmonella, Listeria, E. Coli, Campylobacter types of pathogens, in turn making food pathogen testing market to be a major revenue pocket accounting for 30% of the global demand. Pesticide is another type of contaminant causing health disorders. The pesticide food safety testing market worth USD 800 million in 2015, will witness substantial growth, owing to regulatory norms in using of certified and organic pesticides.
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Contaminated food is a very serious issue which may result into demise. As per WHO’s statistical report in 2014, over 2.5 million people died due to diarrheal diseases. Moreover, U.S is facing an alarming rate of increase in foodborne illness resulting into nearly 5 thousand deaths and more than 325 thousand hospitalizations every year. This has generated the need to implement quality and safety checks, where consumers have the authority to trace their ready to eat meals, processed products, bakery, preserved & canned products. In this regard the EU and FDA have given conformities with consumers’ rights to track food through all production and distribution stages, in turn driving the food safety testing industry. In addition, major food regulatory bodies and authorities such as Good Hygiene Practices (GHP), Good Manufacturing Practices (GMP), Hazard Analysis Critical Control Point (HACCP), and Good Agricultural Practices (GAP) are extending extensive support in ensuring food authenticity, thereby, propelling the food safety testing market growth.
The food safety testing technology market has witnessed a noticeable shift towards rapid food safety testing technology market from the time consuming traditional food safety testing industry. Increase adoption in biosensors, ELISA, rapid culture detection, and PCR-based techniques are widely adopted technologies used to examine the count, metabolites, and type of micro-organisms.
The growth in food safety testing market is also poised to benefit from increasing consumption of meat, poultry, and dairy products. Unhygienic condition while skinning and handling animals in slaughter house is the key responsible factor favoring the meat and poultry food safety testing market. Similarly, dairy products can also get easily contaminated through infected animals. Regulatory bodies such as the FSIS and HACCP are taking major steps in preventing meat & poultry product contamination and implementing adequate pasteurization of dairy products stimulating the food safety testing industry share.
Europe food safety testing market valued over USD 2.5 billion in 2015, with U.K and Germany leading the regional demand. Increasing consumer awareness and stringent food safety regulations will boost the demand for Europe food safety testing market over the coming years. Asia Pacific food safety testing industry will emerge rapidly due to rising population, growing demand for food products, and increasing stringent regulations for food safety. China being the major export trade market is anticipated to witness annual growth rate of 11% over the period of 2016-2024.
The food safety testing market is consolidated with top three players sharing 45% of the overall business space. The key industry participants include Intertek, Bureau Veritas, SGS, Det Norske Veritas, Eurofins Laboratories, Idexx Laboratories, ALS Laboratory and Bio-Rad Laboratories.
Author Name : Ojaswita Kutepatil