Pea Starch Market Size, Latest Trends, Growth Status, Top Major Players, and Forecast To 2027

The global pea starch market is anticipated to reach USD 211 million by 2027, up from USD 156 million in 2022, reflecting a compound annual growth rate (CAGR) of 6.2% during the 2022-2027 period. This market is expanding rapidly, driven by new product launches and strategic distribution agreements. For instance, in April 2022, Puris Foods collaborated with the Upcycled Food Association (UFA), an organization focused on reducing food waste, to certify its Non-GMO and organic native pea starches. Additionally, in September 2019, Axiom Foods secured a distribution agreement with Brenntag Food and Nutrition (Germany) to market plant-based products, including rice proteins, pea proteins, and pea starch across Europe, the Middle East, and Africa. The increasing investments from pea starch manufacturers are further fueling market growth.

Pea Starch Market Overview:

The pea starch market is experiencing significant growth due to the rising demand for plant-based ingredients in various sectors, including food, beverages, and industrial applications. Pea starch, derived from yellow peas, is valued for its functional properties, including thickening, gelling, and stabilizing, making it a popular choice in various formulations.

Market Drivers

• Health Trends: Increasing consumer preference for gluten-free, non-GMO, and plant-based products is driving the demand for pea starch as a clean-label ingredient.
• Food Industry Growth: The food and beverage sector is a primary consumer of pea starch, utilized in products such as snacks, dairy alternatives, and baked goods.
• Nutritional Benefits: Pea starch is a source of dietary fiber and protein, appealing to health-conscious consumers and the growing vegetarian/vegan population.
• Sustainability: Peas require less water and fertilizers compared to other crops, making pea starch a more sustainable choice in food production.

Key Applications

• Food & Beverage: Used as a thickener, stabilizer, and emulsifier in sauces, dressings, dairy products, and gluten-free baked goods.
• Pharmaceuticals: Serves as a binder and disintegrant in tablet formulations.
• Cosmetics: Employed as a thickening agent in creams and lotions.
• Industrial: Utilized in biodegradable plastics and paper products due to its eco-friendly properties.

Regional Analysis

• North America: Dominates the market due to high demand for plant-based products and a well-established food industry.
• Europe: Growing interest in health foods and clean-label ingredients supports market growth.
• Asia-Pacific: Rapid urbanization and increasing health awareness are driving demand, particularly in China and India.

Challenges

• Competition with Other Starches: The pea starch market faces competition from other plant-based starches, such as corn, potato, and tapioca starches.
• Price Volatility: Fluctuations in raw material prices can affect the cost of pea starch production and its market pricing.

Future Outlook

The pea starch market is expected to continue its growth trajectory, driven by the increasing demand for sustainable, health-oriented food ingredients and innovations in processing technologies. Investments in research and development will likely lead to enhanced properties and new applications for pea starch, further expanding its market potential.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78961382

Consumer awareness about nutritional benefits offered by pea and pea-based products

Green peas are packed with essential minerals that support cardiovascular health, including magnesium, potassium, and calcium. Yellow peas, on the other hand, are high in fiber, which aids digestion. Dry yellow peas are also rich in lysine, iron, and carbohydrates, making them a viable alternative to other legumes like wheat and rice. The popularity of pea and pea-based products is rising due to their nutritional benefits, including vitamins C and E, zinc, and various antioxidants that enhance immune function.

Pea starch, constituting 30%–60% of the dry weight, serves as a valuable food ingredient. It contains a higher proportion of amylose compared to other starches, offering numerous advantages such as excellent shear-thinning resistance, elevated gelatinization temperatures, high gel elasticity, and rapid retrogradation. This makes pea starch an effective raw material for enhancing the consistency and texture of food products. Its gelling and binding properties, attributed to its high amylose content, set it apart from other starches like potatoes, corn, and wheat. As the demand for starches in canned foods and extruded snacks continues to grow, the use of pea starch is expected to increase in the coming years.

Growing vegan population and the popularity of plant-based food products

Consumer dietary preferences are undergoing a significant transformation worldwide. There is a growing inclination toward non-meat and non-animal-derived products, including milk and milk-based items, which has resulted in increased demand for pea-based ingredients like pea protein and pea starch. Several key factors have contributed to this shift, including health issues such as lactose intolerance and meat allergies, along with a heightened awareness of health and wellness among consumers. These factors have motivated individuals to opt for plant-based proteins and starches that are free from allergens.

The trend toward plant-based proteins is supported by a UN report from August 2019, which highlights the potential benefits of plant-based diets in addressing climate change. The report estimates that approximately a quarter of global greenhouse gas emissions come from food products, with over 26% attributed to this sector, including more than half (58%) stemming from animal products, particularly beef and lamb. According to the World Population Review, in 2019, the UK boasted the largest vegan population, followed by Australia, Israel, New Zealand, Switzerland, Austria, Germany, and Sweden.

List of Top Pea Starch Companies

• Emsland Group (Germany)
• Ingredion Incorporated (US)
• Roquette Freres (France)
• Vestkorn (Norway)
• Axiom Foods (US)
• COSUCRA (Belgium)
• AGT Food & Ingredients (Canada)
• Puris Foods (US)
• NutriPea (Canada)
• Organicway (China)

Schedule a call with our analysts to discuss your business needs: 
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=78961382

Feed Acidulants Market to See Major Growth by 2028

 The feed acidulants market size is projected to be valued at USD 3.4 billion in 2023 and is expected to grow to USD 4.7 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.2% over the forecast period. Various macroeconomic and microeconomic factors affecting key countries have influenced the global feed acidulants market. These factors are anticipated to significantly impact market value sales during the projected period. The increasing consumption of animal-based foods, the rising demand for high-protein diets, and evolving lifestyles and consumption patterns are key drivers of demand in the feed acidulants market.

Feed Acidulants Market Trends

The Feed Acidulants Market has been experiencing notable trends in recent years. Here are some key trends shaping the market:

• Rising Demand for Animal Nutrition: The growing awareness of animal health and nutrition is driving the demand for feed acidulants. They are known to enhance feed digestibility and improve gut health in livestock.
• Shift Towards Natural and Organic Products: There is an increasing preference for natural and organic feed additives among consumers and livestock producers. This shift is propelling the demand for organic acidulants derived from natural sources.
• Focus on Livestock Health: With a rising focus on animal welfare and health, acidulants are increasingly being used to prevent microbial growth, reduce the incidence of disease, and improve overall livestock performance.
• Regulatory Support: Governments and regulatory bodies are encouraging the use of feed acidulants as a safer alternative to antibiotics in animal feed, promoting their adoption among livestock producers.
• Technological Advancements: Innovations in production processes and formulations of feed acidulants are leading to improved efficacy and cost-effectiveness. This includes the development of encapsulated acidulants for better stability and release in the gut.
• Market Expansion in Developing Regions: Emerging economies are witnessing significant growth in the livestock sector, resulting in increased demand for feed acidulants. The expanding middle class and rising meat consumption in regions like Asia-Pacific are contributing to this trend.
• Increased Focus on Sustainable Practices: The livestock industry is increasingly adopting sustainable practices, which include the use of feed acidulants to improve feed efficiency and reduce waste, aligning with environmental goals.
• Growing Use in Aquaculture: There is a rising trend in the aquaculture sector for using feed acidulants to enhance fish health, growth rates, and overall productivity.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268013619

Formic Acid in the Feed Acidulants Market Expected to Experience the Highest CAGR Growth During the Forecast Period.

The demand for formic acid as a feed acidulant has been on the rise in recent years. Recognized for its beneficial effects on animal health and performance, formic acid is a potent acid that lowers gut pH, effectively inhibiting the growth of harmful bacteria and enhancing feed digestion. Additionally, it promotes better nutrient absorption, decreases the likelihood of diarrhea and respiratory diseases, and improves feed conversion efficiency. Key drivers of market growth for formic acid in the feed acidulants sector include its growing adoption in the poultry industry and its demonstrated effectiveness and cost-efficiency.

Feed Efficiency by Function Segment Expected to Be the Second Largest Segment During the Forecast Period.

The role of feed acidulants in enhancing feed efficiency is a significant driver of growth in the feed acidulants market. These additives improve feed efficiency by promoting better digestion and nutrient absorption, minimizing gastrointestinal disorders, and fostering a healthy microbial balance in the gut. As a result, animals exhibit improved performance, accelerated growth rates, and enhanced feed conversion ratios. This boost in feed efficiency is especially crucial in the livestock sector, as it can lead to lower feed costs and increased profitability.

Top Feed Acidulants Companies

The key players in this market include BASF SE (Germany), Yara (Norway), Eastman Chemical Company (US), DSM (Netherlands), Corbion (Netherlands), and Perstorp (Sweden).

Key Questions Addressed by the Feed Acidulants Market Report:

• Which region is projected to have the fastest growth in the feed acidulants market?
• What is the current size of the global feed acidulants market?
• Which are the key players in the market, and how intense is the competition?
• What are the restraining factors limiting growth in the feed acidulants market?
• Which acid type is projected to dominate the feed acidulants market?

Microirrigation Systems Market Growth by Emerging Trends, Analysis, and Forecast - 2028

 The microirrigation systems market size was valued at USD 10.4 billion in 2022 and is expected to reach USD 17.8 billion by 2028, with a compound annual growth rate (CAGR) of 9.4% during the forecast period. Microirrigation devices deliver water directly to the root zone of plants, ensuring optimal moisture levels and reducing water stress. This targeted water application fosters healthier plant growth, leading to increased crop yields and improved produce quality. With the rise of urban agriculture and rooftop farming, where water availability is critical, micro-watering systems are becoming an attractive option. They efficiently utilize limited water resources and provide controlled irrigation in confined spaces. These factors are driving the growth of the microirrigation systems market.

Microirrigation Systems Market Trends

Here are some key trends in the Microirrigation Systems Market:

1. Increased Adoption of Water-Saving Technologies: With growing concerns over water scarcity, farmers are increasingly adopting microirrigation systems to optimize water usage, reduce waste, and improve crop yields.
2. Technological Advancements: Innovations such as automated irrigation systems, sensors, and smart controllers are enhancing the efficiency and precision of microirrigation systems. These technologies help farmers monitor soil moisture levels and adjust irrigation schedules in real time.
3. Government Support and Incentives: Many governments are promoting the use of microirrigation through subsidies, grants, and training programs to encourage sustainable agriculture practices and improve water conservation.
4. Rising Demand for High-Value Crops: The increasing cultivation of high-value crops, such as fruits and vegetables, is driving the demand for efficient irrigation solutions. Microirrigation systems provide the necessary control over water and nutrient application for these crops.
5. Sustainable Agriculture Practices: There is a growing emphasis on sustainable farming methods, which promote the use of microirrigation as it minimizes soil erosion, reduces chemical runoff, and improves soil health.
6. Growth in Developing Regions: As agriculture becomes more mechanized and technologically advanced in developing countries, the demand for microirrigation systems is rising. These regions are witnessing investments in irrigation infrastructure to enhance food security.
7. Integration with IoT and Precision Agriculture: The integration of microirrigation systems with Internet of Things (IoT) technologies is on the rise. This allows for more precise monitoring and control, leading to better resource management and crop performance.
8. Focus on Organic Farming: As the demand for organic produce increases, farmers are turning to microirrigation systems to manage water and nutrients effectively while adhering to organic farming practices.
9. Environmental Awareness: There is a growing awareness of the environmental impact of traditional irrigation methods, prompting farmers to adopt more efficient microirrigation solutions to reduce their ecological footprint.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=566

What specific factors are driving the demand for microirrigation systems in areas experiencing drought?

Advanced irrigation systems have made it possible to protect agricultural fields from drought. Effective irrigation scheduling techniques have led to notable successes among farmers, and the adoption of technology-driven scheduling is on the rise. With microirrigation, farmers can maintain consistent production levels even during drought years, as these systems use minimal water resources while still achieving high yields. The variety of available systems, ranging from simple methods for recording water usage to sophisticated tools that monitor soil moisture, has empowered farmers from diverse backgrounds to address water shortages during dry spells. These irrigation solutions enable farmers to sustain high yields with limited water usage. Additionally, smart irrigation tools highlight that drip irrigation systems are generally more efficient than traditional sprinkler systems. This efficiency is a crucial factor driving the growth of the microirrigation systems market, especially in tropical regions prone to frequent droughts.

The Asia Pacific region is projected to experience the fastest growth throughout the study period.

Climate challenges in the Asia-Pacific region include erratic rainfall, droughts, and heat waves. Microirrigation systems offer precise and efficient water distribution, enhancing resilience to extreme weather conditions. Farmers can adjust irrigation schedules and water applications based on the specific needs of each crop, enabling them to withstand and adapt to changing climate conditions. In some regions, irrigation water may contain high levels of salts, heavy metals, or other contaminants. To address these issues, microirrigation systems can be equipped with filtration and purification devices, ensuring that plants receive clean water. By improving water quality, microirrigation promotes better crop health and higher yields.

Top Microirrigation Systems Companies: 

Eminent players operating in the microirrigation systems market are Jain Irrigation Systems Ltd. (India), The Toro Company (US), Netafim (Israel), Nelson Irrigation (US), Rain Bird Corporation (US), Finolex Plasson (India), Mahindra EPC Irrigation Limited (India), T-L Irrigation (US), Hunter Industries (US), Rivulis (Israel), Chinadrip irrigation Equipment Co., Ltd. (China), Elgo Irrigation Ltd. (Israel), Antelco (Australia), Microjet (South Africa), and Irritec S.p.A. (Italy), among others.

Key Questions Addressed by the Microirrigation Systems Market Report:

Which are the major companies in the microirrigation systems market? What are their major strategies to strengthen their market presence?
What are the drivers and opportunities for the microirrigation systems market?
Which region is expected to hold the highest market share?
What are the challenges that could restrict market growth of the microirrigation systems market?
What is the total CAGR expected to be recorded for the microirrigation systems market during 2023-2028?

Industrial Enzymes Market Trends, Revenue Insights, Overview, Industry Outlook, and Analysis (2024-2029)

 The global industrial enzymes market is expected to grow from USD 7.9 billion in 2024 to USD 11.2 billion by 2029, reflecting a CAGR of 7.2% during the forecast period. This growth is largely driven by increasing demand from industries such as food and beverages, biofuel production, and more. Enzymes offer a sustainable alternative to traditional chemical processes, and advancements in biotechnology and protein engineering have expanded their effectiveness and applications. Government support and stringent environmental regulations, like the U.S. Toxic Substances Control Act and the Canadian Environmental Protection Act, further promote the adoption of eco-friendly enzyme technologies. Additionally, the growing consumer preference for clean labels and organic products is boosting the demand for enzymes, as they align with natural and sustainable ingredient requirements. This trend is expected to further enhance the market value of industrial enzymes.

Industrial Enzymes Market Drivers: Switch toward renewable sources of energy to lead to increased consumption of bioethanol

The increasing demand for renewable energy, particularly bioethanol, is significantly driving the industrial enzymes market. This demand is fueled by environmental concerns and a commitment to reducing greenhouse gas emissions. The overexploitation of natural resources and rising air pollution have intensified the focus on sustainable alternatives. Bioethanol, produced through enzymatic hydrolysis, offers a much cleaner option compared to conventional fuels like gasoline. The production process of bioethanol relies on various enzymes, including amylases, cellulases, lipases, and proteases, which means that growth in the bioethanol sector will positively impact the industrial enzymes market. Additionally, government initiatives and policies promoting renewable energy, with ambitious clean energy targets, are further supporting the expansion of the industrial enzymes market.

Industrial Enzymes Market Opportunities: Innovations in technologies and wide industry scope

The industrial enzymes market is poised for significant growth driven by innovative technologies. Advances in bioprocessing allow for the production of enzymes from a diverse range of feedstocks, enhancing sustainability. Furthermore, genomics and metagenomics facilitate the discovery of new enzymes tailored for specific industrial applications, particularly in the degradation of lignocellulosic biomass. Automation and artificial intelligence also play a crucial role by improving efficiency and precision in enzyme production through fermentation processes and optimizing enzyme formulations. Key industry players, such as DSM, are further propelling this growth by innovating low-glycerol yeast technology for bioethanol production, which aims to mitigate the environmental challenges associated with traditional fuels.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836

What factors contribute to the dominance of food and beverage applications in the industrial enzymes market?

The industrial enzymes market in the food and beverage sector is experiencing rapid growth, driven primarily by increasing consumer demand for natural, sustainable, and healthier food options. Enzymes are appealing to health-conscious buyers because they help preserve natural characteristics while enhancing efficiency in food processing. Additionally, they are crucial in developing new products like plant-based, lactose-free, and gluten-free options, which are gaining popularity as dietary preferences evolve. Enzymes also improve texture, flavor, and shelf life, further fueling their demand. As the food industry becomes more innovative, the significance of enzymes continues to rise, contributing to their remarkable growth in the market.

Asia Pacific Industrial Enzymes Market Poised for Highest CAGR Growth During the Forecast Period.

The industrial enzyme market in the Asia-Pacific region has experienced significant growth, driven by the expanding food and beverage sectors, where enzymes are used to enhance product quality and extend shelf life. Additionally, government initiatives promoting biofuels have increased the use of enzymes in bioethanol production. The region's rapidly growing textile industry, which benefits from the eco-friendly applications of enzymes, also contributes to rising demand. Furthermore, advancements in sustainable agriculture are fueling the adoption of enzymes in farming practices.

Top Industrial Enzymes Companies

The key players in the industrial enzymes market include BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Associated British Foods plc (UK), Kerry Group plc (Ireland), Advanced Enzyme Technologies (India), Chr. Hansen Holding A/S (Denmark), Amano Enzyme Inc. (Japan) and Megazyme Ltd. (Ireland). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, and they are supported by manufacturing facilities and well-established distribution networks spanning these regions.

Key Trends Shaping the Feeding Systems Market

 The feeding systems market is estimated at USD 3.22 billion in 2024 and is projected to reach USD 4.72 billion by 2029, at a CAGR of 8.0% from 2024 to 2029. Strong growth in the feeding systems market is based on the growing demand for automated and efficient livestock management solutions. The adoption of automated feeding systems is significantly growing with the advent of advanced technology, as it increases productivity and has a low labour cost while delivering very accurate nutrients to animals. Most investment has taken place in poultry, dairy, and swine farming, where large-scale production benefits the most from streamlined processes. North America and the Asia Pacific are the two big markets that are contributing to the growth of the market, the key players in these regions focusing on innovations and adaptation to meet the growing demands of sustainable and scalable farming practices.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102235948

The Mixing Function is the having the significant share within the function sector of the feeding systems market.

The feed mixer function accounts for a significant share of the global feeding systems market as it represents an essential function of ensuring uniform blending for feed components being fed into livestock. Feed mixers are also considered a critical tool in managing the creation of a balanced feed mixture as it enables correct nutrient compositions, which will positively contribute to the health and productivity of animals. Feed mixers have come to be of paramount importance in contemporary livestock operations because they prevent feed waste and improve the efficiency of the feed.  As such, an increase in the adoption of automatic feeding technologies and the need for the formulation of high-precision feeds to maximize farm outputs is a major driver for the increasing usage of feed mixers in small, medium, and large farm operations across the world.

The poultry segment is growing at a significant CAGR in the feeding systems market during the forecasted period 2024-2029.

The poultry segment is the growing at a significant CAGR in the feeding systems market, especially due to the growing demand for global poultry meat. A 2021 OECD study estimates that there will be an increase in meat protein consumption by 14% by 2030, mainly from poultry products that will account for about 40% of protein consumption. Hence, with such growing scales of poultry farming operations, efficient and automated feeding systems come into the picture. Advanced feeding systems prove to be of paramount importance for optimizing poultry nutrition with uniform feeding, which would further lead to minimum feed wastage, hence improving flocks' health and productivity. Thus, automated feeding systems have increased the efficiency of operation and align with interest in biosecurity and hygiene practices in poultry farming with regard to increased market demand for safer and better poultry meat quality.

North America Set to Lead the Feeding Systems Market Share.

North America includes countries such as the US, Mexico, and Canada. A variety of factors drive growth in feeding systems within this region. Improved feeding technology, as well as reduced operational expenses from the adoption of automated feeding systems, boosted the demand in this region. Additionally, labor shortages within the agricultural industry are forcing farmers towards automation. Furthermore, the demand for livestock-based products in the North American region is generating a significant call for efficient farm practices to maximize the livestock output. Hence, livestock growers are switching towards advanced feeding systems to enhance livestock growth and maximize feed conversion ratio.

Top Feeding Systems Companies:

The report profiles key players such as DeLaval (Sweden), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), ScaleAQ (Norway), AGCO Corporation (US), BouMatic (US), Pellon Group Oy (Finland), Rovibec Agrisolutions (Canada), CTB, Inc. (US), AKVA Group (Norway), Dairymaster (US), Maskinfabrikken Cormall A/S (Denmark), Schauer Agrotronic GmbH (Austria).

Feeding Systems Industry News:

In July 2024, Trioliet launched three new models in its Solomix 2 feed mixer range: the 2200, 2600, and 2800, with capacities of 22 m³, 26 m³, and 28 m³, respectively. These feed mixers are designed for farms with limited space, featuring a compact design, low machine height, and high maneuverability. The Solomix 2 range now offers eight different volumes from 20 m³ to 36 m³.

In September 2022, GEA introduced the DairyFeed F4500, an autonomous feeding robot designed to support dairy farms in reducing their carbon footprint and operational costs. The robot independently manages the feeding process for herds of up to 300 cows, providing the right feed mix for different animal groups to enhance animal welfare, productivity, and reduce methane emissions. Powered by electricity, the robot integrates with renewable energy sources and does not require major farm modifications.

Precision Irrigation Market Share, Emerging Trends, Growth Opportunities, Leading Players, and Forecast - 2029

 The precision irrigation market size is estimated at USD 4.18 billion in 2024 and is projected to reach USD 6.29 billion by 2029, at a CAGR of 8.5% from 2024 to 2029. The global demand for precision irrigation is growing rapidly, driven by rising mechanization and the adoption of smart agricultural technologies. According to a report from FICCI in 2023, more than 95% of farming activities in the US and Canada are now mechanized. This transition boosts efficiency and productivity as farmers use advanced machinery for a variety of tasks. Moreover, technologies such as the Internet of Things (IoT) are becoming popular, allowing farmers to monitor and control irrigation systems remotely using their smartphones. This innovation facilitates precise water management and scheduling, which are crucial for sustainable farming practices. With ongoing investments in research and development, integrating sprinkler and drip irrigation systems presents promising growth opportunities in the precision irrigation market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137052497

Fertigation Sensors are Projected to Experience the Highest CAGR in the Precision Irrigation Market During the Forecast Period.

The demand for fertigation sensors in precision irrigation is expected to increase significantly due to their crucial role in optimizing nutrient delivery and water use. These sensors help farmers monitor and adjust nutrient levels in real-time, leading to higher crop yields and better resource efficiency. As sustainable agriculture gains importance, fertigation sensors offer precise control over fertilizer use, reducing waste and environmental harm. Compared to traditional sensors like soil moisture and temperature gauges, fertigation sensors meet the rising need for integrated nutrient management, making them crucial for modern farming practices.

The AI and machine learning algorithms in irrigation segment within the technology type has a larger share and is growing at a higher CAGR in the precision irrigation market during the forecast period.

For precision irrigation to maximize water use and boost crop yields, artificial intelligence (AI) and machine learning are essential because they analyse vast amounts of data from sensors, weather forecasts, and soil conditions. These technologies allow farmers to make real-time decisions, applying water only when and where it's necessary, which reduces waste and improves efficiency. With their ability to recognize patterns and adapt over time, AI and machine learning are set for significant growth in the precision irrigation market, surpassing other technologies like IoT, GIS, and cloud computing due to their superior predictive capabilities.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=137052497

Based on region, North America dominated the precision irrigation market in 2023.

North America region dominated the precision irrigation market in 2023. This dominance was due to the modern farming techniques and significant investments in irrigation technologies. Prominent manufacturers such as Hunter Industries Inc. (US), RainBird Corporation (US), Valmont Industries Inc. (US), and The Toro Company (US) are based in this region. These manufacturers promote innovation and make precision irrigation solutions more accessible. A July 2023 article by the non-governmental organization Food and Water Watch reported that drought, exacerbated by climate change and poor water management, is having a severe impact on New Mexico, with industrial agriculture using over 80% of the state's freshwater resources. This heavy reliance on irrigation, along with challenges like water scarcity and strict regulations, encourages farmers to adopt more efficient methods like precision irrigation.

Top Precision Irrigation Companies:

The report profiles key players such as Valmont Industries, Inc. (US), NETAFIM (Israel), Hunter Industries Inc. (US), The Toro Company (US), Rain Bird Corporation (US), Lindsay Corporation (US), Rivulis (Israel), HydroPoint (US), REINKE MANUFACTURING CO., INC. (US), AZUD (Spain), T-L Irrigation (US), and Mahindra Irrigation (India).

Food and Beverage Metal Cans Market Size, Latest Trends, Growth Factors, and Forecast

The food and beverage metal cans market size is estimated at USD 50.42 billion in 2024 and is projected to reach USD 70.72 billion by 2029, at a CAGR of 7.0% from 2024 to 2029. Metal packaging is superior for food preservation compared to other materials, offering extended shelf life and enhanced safety. The advantages begin with the material itself. Metal is an excellent choice for packaging because it effectively blocks air, light, and moisture—the three main threats to food preservation. It is also durable, rigid, and highly resistant to punctures. Metal can endure high temperatures, making it suitable for specialist canning processes used to preserve meat, fish, and vegetables that would otherwise spoil quickly. By steam-exhausting and sealing perishable goods while still hot, all bacteria are eliminated, ensuring the food remains safe and consumable for months.

Furthermore, metal is ideal for carbonated beverages that require bottling under high pressure. Steel and aluminum bottles have now surpassed glass in popularity for fizzy drinks, as they provide better protection while being lighter and less prone to breakage than glass. texture.

Food and Beverage Metal Cans Market Drivers: Recyclable properties of metal cans

Recycling plays a crucial role in the modern aluminum can industry, driving its growth. Recycling aluminum requires only about 5% of the energy needed to produce new aluminum, leading to reduced carbon emissions and cost savings for both businesses and consumers. Consequently, nearly 75% of all aluminum ever produced remains in use today, according to industry data.

Steel, on the other hand, is fully recyclable and can contain up to 25% recycled material. It is also the most energy-efficient metal for can production. These characteristics make metal cans ideal packaging material for a wide range of products, including food, beverages, aerosols, pet food, and various household and industrial items.

What is a distinguishing feature of bright coating cans used in the food and beverage industry?

The food & beverage metal cans coating type market is divided into two segments: bright coating cans and white base cans. Bright coating cans are metal cans used in the food and beverage industry, distinguished by their glossy, reflective finish. This coating enhances the visual appeal of the cans, giving them a sleek, shiny appearance that stands out on store shelves. Beyond aesthetics, the bright coating provides an added layer of protection, making the cans more resistant to scratches, wear, and corrosion. Often used for beverages like energy drinks, sodas, and craft beers, these cans are designed to attract consumer attention. Despite their premium look, bright coating cans retain the lightweight, durable, and recyclable qualities of metal cans, supporting sustainability efforts.

Pressurized Cans Expected to Experience Higher Growth in the Food and Beverage Metal Cans Market Due to Increased Internal Pressure.

Aluminum and steel packaging, often referred to as General Line or Specialty Cans, have emerged as premium choices in the consumer products market due to their versatility across both food and non-food applications. These lightweight materials provide a cost-effective and impact-resistant solution, making them ideal for various products. Additionally, the smooth surface of metal cans presents a prime opportunity for brand marketing, allowing companies to showcase innovative designs and differentiate their products. The flexibility of steel and aluminum enables unique, eye-catching packaging that enhances product appeal. Aerosol cans, a part of this category, are also 100% recyclable, making them an environmentally friendly option. The rigidity of steel ensures product preservation, while the spill-proof nature of these containers adds to their convenience for consumers.

Asia Pacific is expected to dominate the food and beverage metal cans market share.

According to the United Nations Population Fund (UNFPA), the Asia and Pacific region is home to 60 percent of the global population, totaling approximately 4.3 billion people, including the world’s most populous countries, China and India. Following significant growth in 2023, the Asia-Pacific (APAC) region is projected to be the fastest-growing region in the global economy in 2024. This growth will be driven by robust domestic demand in East Asia and India, along with a modest recovery in East Asian exports. This fast-paced growth of population and industrialization will boost the market of metal cans in APAC.

Top Food and Beverage Metal Cans Companies

Key players operating in the food and beverage metal cans market include Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CCL Industries (US), CAN-PACK S.A (Poland), Kian-Joo Group (Malaysia), CPMC Holdings (China), Envases Group (Spain), and Toyo Seikan Group Holdings, Ltd.  (Japan). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.