Attractive Opportunities in the Autonomous Tractors Market in Coming Years

The global autonomous tractors market is projected to witness demand for 12,508 Units in 2019 and 60,901 Units by 2025, at a CAGR of 24.89%. The growth of the market is expected to be driven by the improved efficiency and productivity of crop yield offered by these tractors and growth in initiatives by governments for the adoption of new technologies. The increase in the average age of farmers in developed countries and decline in the availability of labor are also major factors that will drive the demand for autonomous tractors in the near future.

Download PDF Brochure

On the basis of power output, 101 HP & above segment will account for the largest share, followed by the 31-100 HP power output segment, in 2019. The demand for medium-powered tractors is expected to grow at a higher rate as compared to high-powered autonomous tractors, owing to the benefits of four-wheeled tractors such as better soil quality maintenance & control, and cultivating capacities with high fuel economy. These tractors are versatile and can be used for multiple applications on and off the field. Owing to these factors, most farmers prefer tractors in this range.

On the basis of component, the radar segment will account for the largest market share in 2019. Radar sensors can determine the velocity, range, and angle of moving objects and can work in almost all weather conditions. They are more cost-effective than LiDAR systems but more expensive compared to cameras.

Make an Inquiry

On the basis of crop type, the fruits & vegetables segment will have the highest application of autonomous tractors. The possibility of machinery damaging fragile fruits & vegetables or the trees that produce them is increasing the demand for new technologies such as autonomous tractors.

The market is dominated by AGCO (US), CNH (UK), Mahindra & Mahindra (India), Deere (US), Kubota Corporation (Japan), Yanmar (Japan), and Autonomous Tractor Corporation (US).These companies have a strong distribution network at the global level. The key strategies adopted by these companies to sustain their market position are new product development and acquisitions. All the parameters mentioned above have been analyzed to derive the market ranking of these companies.

Insecticide Seed Treatment Market worth 5.04 Billion USD by 2022

The increase in usage of seed treatment solutions on high-priced GM seeds, growth in the area under GM crops, increase in crop demand for biofuel and feed, and the use of insecticides as a low-cost crop protection solution are enhancing the market for insecticide seed treatment, globally. The growth in the insecticide seed treatment market is also driven by advanced farming technologies that ensure safe and reliable application of seed treatment formulas.

Based on type, the chemical segment dominated the market with the largest share in the global insecticide seed treatment market in 2016. The biological segment is projected to grow at a relatively higher CAGR from 2017 to 2022. The growth of the organic food market has led to the development of effective technologies for biological control, which in turn has led to the growth of the bioinsecticide seed treatment market.

Download PDF Brochure

The dressing segment dominated in terms of application technique in 2016. The seed dressing application technique is mostly used for insecticide seed treatment since it is a low-cost technique as compared to the others. It is hence, economical to use on low-cost cereals and grains, such as wheat and corn, which are the key crop types dominating the use of insecticides as seed treatment.

Based on form, the liquid formulations dominated the market in 2016. The powder seed treatment process involves dust, which leads to problems related to operator safety and poor plant hygiene. Thus, the use of dry powder formulations is expected to reduce gradually.

Speak to Analyst

Based on crop type, in the insecticide seed treatment market, cereals & oilseeds accounted for the largest market share in 2016. The increase in demand from downstream markets in the food & beverage and feed industries has boosted the overall demand for insecticide seed treatment across the globe.

The South American region accounted for the largest market share in 2016; this is projected to grow at the highest CAGR during the forecast period. This is owing to the increased area under major seed treatment crops, such as corn and soybean. The demand for seed treatment products in the Asia Pacific region is expected to be primarily driven by countries such as China and India.

The market for seed treatment consists of key players in the agricultural industry, such as BASF SE (Germany), Syngenta AG (Switzerland), Nufarm Limited (Australia), Bayer CropScience AG (Germany) and Platform Specialty Products Company (US). Bayer CropScience AG offers a variety of insecticides, herbicides, fungicides, plant growth regulators, and seeds. 

Development & Expansion of Food Retail Chains to Drive the Growth of Individual Quick Freezing (IQF) Market

The primary factors that drive the individual quick freezing (IQF) market are development and expansion of food retail chains by multinationals, consumer demand for perishable foods, growth in demand for availability of non-seasonal food products, and increase in demand for convenience food products.

The increase in the number of consumers for frozen food products across the globe has led to an increased interest among the manufacturers to provide frozen food items due to extended shelf-life and quality. The consumption of individual quick freezing products in the food & beverage industry has led to more streamlined processing stages pre-processing, freezing, and packaging of frozen food products. The major restraining factor for the market has environmental concerns regarding greenhouse gas emissions.

Download PDF Brochure

The global market is segmented on the basis of equipment type, processing stages, technology, product, and region. On the basis of equipment type, the spiral freezer segment dominated the global market, followed by tunnel freezer segment, in 2016. The temperature range and mechanical loads involved in the freezing operation are high; hence, the components of this system are required to be highly durable. Spiral freezers are used to rapidly cool and freeze products; these freezers assure product freezing quality with minimum product shrinkage.

Among the processing stages, the freezing segment accounted for the largest market share in 2016. Freezing helps in the retention of food quality and extends the storage life of foods whose water content is high. The freezing process taps the beneficial effects of low temperatures at which microorganisms cannot grow, reduces chemical reactions, and delays cellular metabolic reactions. Frozen food ensure non-seasonal year-round availability, minimize wastage, is less likely to deteriorate in transit or storage, is less perishable than fresh or chilled food, and is easier to use.

Make an Inquiry

The global market, by technology, is segmented as mechanical IQF and cryogenic IQF. The mechanical IQF segment accounted for the larger market share in 2016. Mechanical IQF is most frequently used by food manufacturers for chilling, frosting, and freezing food products. Mechanical IQF involves a standard mechanical refrigeration cycle, which uses commonly used refrigerating agents such as carbon dioxide or ammonia. Mechanical IQF is now loaded with the latest design and intelligent system control to provide the best food safety, low maintenance, and energy efficiency.

The North American region is projected to hold the largest market share, followed by the European region, in 2022. The North American region is projected to be the fastest-growing individual quick freezing market in the forecast period. This is mainly due to the presence of a large number of manufacturers of IQF equipment in the region and increase in the consumption of frozen food products among the consumers.

Key players are as MAREL (Iceland), JBT (US), GEA (Germany), The Linde Group (Germany), Air Products and Chemicals (US), and Air Liquide (France).

Demand for Customized Premixes is Growing Due to Growing Demand for Functional and Fortified Foods

The customized premixes market is driven by growing demand for functional and fortified food and convenience in usage as a single ingredient over multiple ingredients. The customized premixes market size is projected to reach USD 1,691.2 Million by 2022, at a CAGR of 5.50% from 2016.

The global market, based on nutrient, has been segmented into vitamins, minerals, amino acids, nutraceuticals, and nucleotides. The vitamins segments is the largest as well as the fastest-growing segment for customized premixes. The high growth of industrial consumption of vitamins is driving this market which can be largely attributed to their deficiency in everyday diets of consumers and also due to the fact that they cannot be synthesized by the human body.

Download PDF Brochure

The customized premixes market, based on application, has been segmented into beverages, dairy, cereals, bakery & confectionery, nutrition products, dietary supplements, and others which include processed foods such as soups,  ready-to-eat, condiments, and fats & oils. The beverage segment in customized premixes is the largest and fastest-growing segment in this market, followed by bakery & confectionery and nutrition products. The dominance of this application can be attributed to the increasing demand of beverages such as sports drinks, energy drinks, fruit juices, vitamin water, herbal drinks, near water beverages, isotonic beverages, and other noncarbonated beverages which are highly fortified products.

Customized premixes by form has been segmented into powder and liquid. The powder form is the largest and fastest-growing segment in this market. Customized nutrient premixes are widely used in the powdered form, as they are largely considered to be more stable in the powdered form than in the liquid form. Further, convenient packaging reduces complexities in the supply chain processes, resulting in increased popularity of this form.

Make an Inquiry

Some of the key players of the customized premixes are Royal DSM N.V. (Netherlands), Glanbia plc (Ireland), Corbion N.V. (Netherlands), Chemische Fabrik Budenheim KG (Germany), and Vitablend Netherlands B.V. (Netherlands). Other players who are active in the industry are Watson Inc. (U.S.), Stern Vitamin GmbH & Co. KG (Germany), The Wright Group (U.S.), DPO International Sdn. Bhd (Malaysia), and Farbest Brands (U.S.). In 2013, Royal DSM N.V. (Netherlands) acquired Unitech Industries Limited (New Zealand), a manufacturer of ingredients for human and animal markets, which helped the company in expanding its geographic footprint and value chain presence in the Asia-Pacific region.

Increase in Pet Population and Pet Care Expenditure to Drive the Growth of Feed Packaging Market

The Feed Packaging Market is bifurcated into pet food and livestock feed packaging. The major factors driving the feed packaging market include the increasing trend of pet humanization and the growing spending on the pet care and feed industry in developing regions. Further, the growing demand for shelf extension of feed at small and middle-scale livestock rearers’ end is also expected to drive the market. The feed packaging market is projected to grow from USD 13.8 billion in 2018 to USD 17.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.

Feed Packaging Market by Pet (Dogs, Cats, Fish, and Birds), Livestock (Poultry, Ruminants, and Swine), Type (Flexible and Rigid), Feed Type (Dry, Wet, Pet Treats, and Chilled & Frozen), Material, and Region - Global Forecast to 2023

Download PDF Brochure

The estimated largest market share of poultry feed is attributed to the large-scale production of poultry feed. The large-scale production of poultry feed is a result of its large-scale consumption, as, unlike beef and pork, it is devoid of religious concerns. Thus, the production of poultry for meat is projected to dominate and account for more than half the growth of all the additional meat produced by 2025. Such rapid growth in poultry meat production is expected to further fuel the demand for superior-quality feed and feed additives, thereby propelling the market for livestock feed packaging.

Feed packaging (for livestock) is widely used for dry feed type. Dry feed is available in the form of pellets, powder, crumbles, cubes, and cakes. It is a largely produced and consumed, globally. Most feed manufacturers in the market offer their products in the dry form due to its ease of usage, storage, and transportation. Moreover, dry feed is widely used in animal diets, as it is affordable in comparison with wet feed.

Speak to Analyst About these Findings

For the feed packaging market (for pets), Asia Pacific is projected to witness the fastest growth in the pet food packaging market during the forecast period. Pet food manufacturers in Asia Pacific are developing and launching new and innovative products that comprise various ingredients to cater to the diverse health requirements of pets. In addition, packaging is gaining significance due to marketing, labeling of contents, and packaging size. Moreover, packaging solutions such as small pouches are witnessing an increasing preference, which is encouraging customers to purchase new products.

Key Market Players

The major vendors in the global feed packaging market are LC Packaging (Netherlands); El Dorado Packaging Inc., (US); NPP Group Limited (Ireland); Plasteuropa Group (UK); NYP Corp. (US); ABC Packaging Direct (US); Shenzhen Longma Industrial Co., Limited (China); Amcor Limited (Australia); Mondi Group (Austria); ProAmpac (US); Sonoco Products Company (US); Winpak Ltd., (Canada); NNZ Group (the Netherlands); Constantia Flexible Group (Austria); and Huhtamäki Oyj (Finland). 

Demand for Artificial Grass is Growing Due to Increased Applications in the Landscaping Segment

The Artificial Grass Market is driven by factors such as increased applications in the landscaping segment, recycling of artificial grass pitches, and development of different solutions for producing infill materials and yarn technology. The global artificial grass market was valued at USD 3.00 Billion in 2016 and is projected to grow at a CAGR of 6.8% from 2017, to reach USD 4.45 Billion by 2022.

Based on installation, the market has been segmented into flooring and wall cladding. The flooring segment dominated the market in terms of both value and volume in 2016. Rising popularity and acceptance of synthetic sports fields for indoor as well as outdoor sports, along with extended applications in landscaping are the key factors that drive the flooring segment in the artificial grass market. In developed countries, the backing of advanced technologies with regard to product development and sports infrastructure development has fueled the demand for artificial grass.

Download PDF Brochure

Based on fiber base material, the market has been segmented into polyethylene, polypropylene, and nylon. The polyethylene segment is estimated to account for the largest share of the market in 2017. It is widely preferred by various artificial grass manufacturers due to due to its durability, softness, and resiliency, which is required for technically demanding contact sports pitches.

Based on application, the artificial grass market has been segmented into contact sports, non-contact sports, landscaping, and leisure. The contact sports segment is estimated to be the largest segment in 2017 and this trend is expected to continue through the forecast period owing to factors such as the increase in number of football pitches across the world, increase in investments in hockey in countries such as India, and growth in popularity of American football in the US.

Make an Inquiry

Europe is estimated to occupy the largest share of the global artificial grass market, in terms of value, in 2017, owing to the mature artificial grass industry and the presence of major companies such as Tarkett (France), SportGroup (Germany), Victoria PLC (UK), and SIS Pitches (UK). 

The increase in research & development activities for artificial grass due to safety concerns of sports players, government support for the maintenance of artificial grass facilities, and infrastructure to promote sports activities, mainly football, is expected to drive the global market in this region during the forecast period. In the Asia Pacific region, India is projected to be the fastest-growing market during the forecast period. The growing trend of landscaping, growing investment by key stakeholders, and government support for infrastructure upgradation, mainly hockey, is expected to drive the market in India. Key players in Europe and the US are expected to focus on the untapped opportunities in the artificial grass market in countries such as India and China, owing to which Asia Pacific is expected to witness high growth in the coming years.

Increasing Use of Organic Waste for Animal Feed and Fertilizers to Drive the Growth of Food Waste Management Market

The growth of the Food Waste Management Market is attributed to increasing use of organic waste for the production of feed & fertilizers, rise in global food waste, and need for reducing greenhouse gas emission. The fruits & vegetables segment is projected to dominate the global market through the forecast period, as a large quantity of waste is generated from fruits & vegetables along with roots and tubers. These wastes/scraps are easily available raw materials for compost and as feed for anaerobic/aerobic digestions.

On the basis of end users, the municipalities & households segment is estimated to dominate the global food waste management market, followed by the food service providers segment in 2017. The waste generated from the day-to-day use items, such as product packaging, clothing, food scraps, newspapers, paints, batteries, is known as municipality & household waste. Communities in the US offer a variety of options for conveniently and safely managing household waste. Waste management companies focus on recycling a large amount of waste generated from the residential sector. New technologies are used to reduce and recycle the waste.

Download PDF Brochure

The global market based on the anaerobic digestion segment is projected to grow at the highest CAGR between 2017 and 2022. This segment is estimated to account for the largest market share in 2017. The energy produced through anaerobic digestion is neither dependent on weather nor subject to price fluctuations. Thus, it is considered a lucrative source of energy and an effective alternative to fossil fuel.

The food waste management market, by application, has been segmented as feed, fertilizers, biofuel, and power generation. The feed segment is estimated to account for the largest market share in 2017. Food waste mainly consists of organic waste that can be completely decontaminated by techniques such as thermal treatment and sterilization and can safely be used as feed. There are various methods for yielding feed from waste; for instance, processing of organic waste from larvae to yield feed.

Speak to Analyst

The North American region is projected to hold the largest market share, followed by the European region, in 2022. North America is estimated to be the fastest-growing food waste management market in the forecast period. This is mainly due to the Solid Waste Association of North America (SWANA), which supports and offers different types of services and practices, such as storage and recycling of residential waste, integrated solid waste management, institutional, commercial, and industrial solid waste in order to reduce waste in the region.

Key players the market are Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services, Inc. (US), Stericycle, Inc. (US), and Covanta Holding Corporation (US).