Behavioral Health Care Software And Services Market Overview By Component, Delivery Model, Function, End-use, Disorder Type, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 15 May 2024: The Report Behavioral Health Care Software And Services Market Size, Share & Trends Analysis Report By Component, By Delivery Model, By Function, By End Use, By Disorder Type, By Region And Segment Forecasts, 2023 – 2030

 The global behavioral health care software and services market size is expected to reach USD 8.6 billion by 2030, expanding at a CAGR of 12.8% from 2023 to 2030, based on a new report by Grand View Research, Inc. Behavioral health management software provides ease of communication between providers and patients and its real-time monitoring feature enables doctors to efficiently track patient progress. These systems maintain confidentiality regarding patient information, especially in cases of substance abuse and mental illness. The software increases productivity and efficiency for service providers by integrating with its existing infrastructure. Behavioral healthcare providers help reduce treatment costs by providing value-based medicine programs, thus preventing hospital readmissions.

According to the National Institute on Drug Abuse (NIDA), the projected cost of drug abuse in the United States, which includes illegal drugs, alcohol, and tobacco, is more than USD 740 billion each year and growing. In the United States, substance misuse costs society money through increased healthcare bills, crime, and lost productivity. The Cures Act provides vendors with an opportunity of integrating, resulting in care coordination of both parties. The act will enable interoperability between healthcare providers, especially mental healthcare providers, enable insurance claim submissions, simplify the explanation of benefits, and eliminate the obstacles to reimbursement for faster returns. New behavioral health integration codes were introduced by the Centers for Medicare & Medicaid Services (CMS) under the psychiatric collaborative care model and behavioral health integration under the successful chronic care management services initiative.

However, the COVID-19 pandemic led to an increase in stress, worry, despair, frustration, and dread among the population, potentially increasing the prevalence of depression, stress, and anxiety. According to ORCHA, during the pandemic, the search for apps for depression management and anxiety increased by 176% and 86% respectively. Thus, the growing cases of mental problems will increase demand for online diagnosis and treatment platforms, ultimately driving the behavioral/mental health software industry.

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Behavioral Health Care Software And Services Market Report Highlights

• The software segment held the largest share in the market for behavioral health care software and services in 2022, due to the increasing adoption of technological solutions and an increasing number of start-up businesses
• Based on the delivery model, the subscription segment dominated the market in 2022. Due to limited budgets and less patient volume, the small-scale psychiatry hospitals prefer subscription-based software solutions
• Based on function, the clinical functions segment dominated the overall market. The integration of clinical functions reduces the workload on healthcare professionals and improves productivity
• North America accounted for the largest market share in 2022 and the Asia Pacific is expected to witness the fastest growth during the forecast period
• Partnerships between local health systems and the rising adoption of the integrated care model are expected to create growth opportunities for the mental health care software and services market
• In July 2020, the University of North Carolina (UNC) and Google Cloud introduced an application called Heroes Health to aid first responders and healthcare personnel with their mental health issues amid the COVID-19 pandemic.

Behavioral Health Care Software And Services Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 3.6 billion
Revenue forecast in 2030	USD 8.6 billion
Growth Rate	CAGR of 12.8% from 2022 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players of Behavioral Health Care Software And Services Market

• Cerner Corporation
• Core Solutions, Inc.
• Epic
• Meditab
• Holmusk
• Netsmart Technologies
• Qualifacts Systems, Inc.
• Welligent, Inc.

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Payment Gateway Market Latest Trends On The Basis of Type, Enterprise Size, End-use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 15 May 2024: The Report Payment Gateway Market Size, Share & Trends Analysis Report By Type (Hosted, Non-hosted), By Enterprise Size (Large Enterprise, Small & Medium Enterprises), By End Use (BFSI, Retail & E-commerce), By Region, And Segment Forecasts, 2023 – 2030

The global payment gateway market is expected to reach USD 132.24 billion by 2030, expanding at a CAGR of 22.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increase in online transactions, coupled with the advancements in payment methods, such as cash pooling, cashless transactions, and token systems, is expected to fuel the market growth. Moreover, rapidly increasing internet penetration across the globe is anticipated to fuel market growth over the forecast period.

Retailers and e-commerce merchants across the globe are focusing on expanding their businesses in other regions and are partnering with payment service providers. These partnerships are allowing merchants to benefit from the opportunities generated by the globalization of the e-commerce sector. Payment gateways help merchants that manage a large volume of transactions automate the complete money transfer process with faster processing speed and error-free computations.

The financial service providers focus on incorporating technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in their payment gateway systems for process automation and fraud detection. Financial service providers are also focusing on developing innovative payment gateway solutions for merchants. For instance, in October 2021, Pine Labs, a software development company, announced the launch of Plural, a payment gateway platform, to offer merchants an integrated solution for all kinds of payments.

The COVID-19 pandemic has positively impacted the market owing to changing consumer preference toward online shopping. Numerous e-commerce vendors are developing their payment gateway systems combined with eWallet services. This development is mostly identified among merchants handling a large volume of transactions. Moreover, e-commerce vendors also saw an increase in their sales during the pandemic. For instance, Amazon.com, Inc. saw a 40% year-on-year growth in the second quarter of 2020 due to an increase in online grocery sales.

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Payment Gateway Market Report Highlights

• In terms of type, the hosted segment is expected to retain its dominance over the forecast period owing to features such as easy payment integration, built-in compliance capabilities, and the ability to integrate more diverse methods
• In terms of enterprise size, the small and medium enterprise segment is expected to witness significant growth over the forecast period. Payment gateways are used by small and medium enterprises to increase their profitability by delivering better customer experiences and reducing transaction costs
• In terms of end-use, the retail and e-commerce sector dominated the market in 2022. Factors such as better shopping experience and increased smartphone penetration are expected to increase the adoption of payment gateway systems in the retail and e-commerce sector
• North America dominated the market in 2022 and is expected to show similar trends in the near future. Growing e-commerce sales and the rapidly changing retail market in North America are the primary factors propelling the demand for fast payment solutions in the region

Payment Gateway Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 32.52 billion
Revenue forecast in 2030	USD 132.24 billion
Growth rate	CAGR of 22.2% from 2022 to 2030
Base year of estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players of Payment Gateway Market

• Adyen
• Amazon Payments Inc.
• Net
• Bitpay, Inc.
• Braintree
• PayPal Holdings Inc.
• PayU Group
• Stripe
• Verifone Holdings Inc.
• Wepay, Inc.

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Point-of-Sale Software Market Scope By Application, Deployment Mode, Organization Size, End-User, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 15 May 2024: The Report Point-of-Sale Software Market Size, Share & Trends Analysis Report By Application (Fixed, Mobile), By Deployment Mode (On-premise, Cloud), By Organization Size (Large, SME), By End-user, And Segment Forecasts, 2023 – 2030

The global point-of-sale software market size is expected to reach USD 27.71 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.8% over the forecast period. The industry is expected to witness substantial growth owing to the need for compatible software for POS system functioning. The point of sale (POS) software facilitates various functions, such as inventory management, authorizing cards payment, collecting signatures and e-mail receipts, and managing employees and other business operations to minimize human intervention and ensure the smooth running of all business processes. The POS software is mostly used across different end-user industries for processing payments, bookkeeping, invoicing, tracking orders, and other functions.

However, the POS software functionality may significantly vary depending upon the end-user industry requirement. For instance, the restaurant POS software requires specific features, such as order, inventory, table management, employee scheduling, and others, to meet the needs of different restaurant types; which is not needed in retail or healthcare POS software. Hence, the increasing demand for customized POS software in restaurants, retail, hospitality, healthcare, entertainment business, and other industries is expected to boost the market over the forecast period. The POS software for a fixed POS terminal has been used for decades and is trusted across all large business sectors due to its ability to provide robust business functions and management of inventory, loyalty programs & gift cards, credit/debit card payment, employee attendance, and cash drawer for large enterprises.

While small and medium enterprises have largely opted for mobile POS software owing to its convenience in business to allow credit or debit card payments virtually as well as at any location. The POS software system has become an integral part of the small- and medium-scale business environment to process sales securely, carry out administrative tasks as well as provide seamless customers. The substantial growth of this segment is attributed due to the increasing adoption of cloud-based mobile POS solutions by the small business having software packages, such as payment processing, customer, and inventory management payroll and accounting, and others to manage their day-to-day business operations.

For instance, in Jan 2023 Markt POS launched its first all-in-one cloud-based point-of-sale solution, which is expected to meet the requirements of small and medium grocery shops. Markt POS delivers all essential functionalities, such as inventory management systems, innovative self-service, AI-powered business details, and enterprise checkout required by grocery stores. Asia Pacific is expected to grow at the highest CAGR over the forecast period due to the growing demand for POS systems with advanced software features in end-user areas including retail, restaurant, and others in countries, such as China and India. Key players in the industry focus on offering updated and customized software solutions as per end-user requirements.

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Point-of-Sale Software Market Report Highlights

• The global industry accounted for the largest share in 2022 due to increasing demand for payment and operation management solutions in restaurants, retail, and travel industry among others
• The on-premises segment held the largest revenue share in 2022 on account of the higher demand for on-premise deployment due to concerns over data security, as crucial customer data can be vulnerable to cyber-attack when exposed to third-party or unknown sources
• The mobile POS segment is anticipated to witness the highest CAGR over the forecast period. The demand for mobile-based POS systems in restaurants and retail for quick payment and portability is boosting the mPOS growth

Point-of-Sale Software Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 13.49 billion
Revenue forecast in 2030	USD 27.71 billion
Growth rate	CAGR of 10.8% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Point-of-Sale Software Market

• Clover Network, Inc.
• H&L POS
• IdealPOS
• Lightspeed
• NCR Corp.
• Oracle Micros
• Revel Systems
• SwiftPOS
• Square Inc.
• TouchBistro Toast Inc.

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North America Spirits Market Demand By Product, Caps & Closure, Caps & Closure Material, Distribution Channel, Region And Forecast To 2028: Grand View Research Inc.

San Francisco, 14 May 2024: The Report North America Spirits Market Size, Share & Trends Analysis Report By Product (Whiskey, Gin), By Caps & Closures Material (Plastic, Metal), By Caps & Closures (Bar-top, Screw-top), By Distribution Channel, And Segment Forecasts, 2021 – 2028

The North America spirits market is expected to reach USD 278.5 billion by 2028, registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. The market has several growth opportunities due to the rising consumer demand for premium and low alcohol content drinks. Moreover, innovation in Ready-to-Drink (RTD) products with an infusion of botanical and organic ingredients will provide new growth opportunities in the coming years.

The whiskey product segment held the largest market share in 2020 and is expected to maintain dominance over the forecast period. In North America, there is a growing demand for distinctive and handcrafted alcoholic beverages, which is likely to boost the market growth. The demand for whiskey is predicted to rise in the coming years due to the increasing consumption of alcohol, especially in the U.S. and Canada.

The U.S. accounted for the largest revenue share in 2020. As per the data by IWSR, people under the age group of 21 to 44 years are the most frequent consumers of low-alcohol drinks. According to The Wall Street Journal, alcohol volumes declined by 0.8% in 2018 in the U.S., slightly steeper than the 0.7% drop in 2017. The market has a strong presence of several regional and international players.

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North America Spirits Market Report Highlights

• The whiskey segment accounted for a larger share of the overall revenue in 2020. The growing demand for unique and crafted alcoholic beverages is emerging as a rising trend, which drives the segment
• The screw-top caps & closure segment held the largest market share in 2020 and is expected to maintain dominance over the forecast period
• The growth is credited to several advantages pertaining to the structure of screw-top caps, such as low cost and ease of use & application
• The plastic material segment held the largest market share in 2020 and is expected to maintain dominance over the forecast period
• The abundant availability of these raw materials translates to the low cost of production, thereby making plastic caps and closures a viable choice for packaging
• The liquor stores distribution channel segment accounted for the largest market share in 2020 and is expected to maintain dominance over the forecast period
• Some of the popular liquor stores in North America are Astor Wines & Spirits and Ambassador Wines & Spirits
• Mergers & acquisitions emerged as the key strategy deployed by the majority of market players to stay abreast of the competition

North America Spirits Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 169.8 billion
Revenue forecast in 2028	USD 278.5 billion
Growth rate	CAGR of 7.7% from 2021 to 2028
Base year for estimation	2020
Historical data	2016 – 2019
Forecast period	2021 – 2028

List of Key Players of North America Spirits Market

• Suntory Holdings Ltd.
• Pernod Ricard
• Constellation Brands
• Rémy Cointreau
• Brown-Forman
• Asahi Group Holdings, Ltd.
• Bacardi Limited
• Campari Group
• William Grant & Sons

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Energy Drinks Market Trends Analysis Report By Product, Type, Packaging, Distribution Channel, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 14 May 2024: The Report Energy Drinks Market Size, Share & Trends Analysis Report By Product (Drinks, Shots, Mixers), By Type (Conventional, Organic), By Packaging (Cans, Bottles), By Distribution Channel, By Region, And Segment Forecasts, 2022 – 2030

The global energy drinks market size is expected to reach USD 177.58 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.3% from 2022 to 2030. Consumption of energy drinks has been increasing drastically in recent years, particularly among adolescents and young adults, as they remain one of the most popular functional beverages in the market that offer consumers more physical and mental energy, through ingredients such as caffeine, taurine, guarana, ginseng, and B vitamins.

Manufacturers recently have shifted their target consumer focus from athletes to young people, which has been driving the product consumption. According to the National Library of Medicine, in the U.S., energy drinks are the second most common dietary supplement used by young people; about 30% consume energy drinks on a regular basis. Such trends are expected to drive the market demand.

The drinks product segment accounted for the largest revenue share in 2021, as these drinks are designed to give an “energy boost” to the drinker by a combination of stimulants and energy boosters. Most of the brands on the market contain large amounts of glucose while some brands offer artificially sweetened versions. Other commonly used constituents in the product are taurine, methylxanthines, vitamin B, ginseng, guarana, yerba mate, acai, maltodextrin, inositol, and carnitine, creatine, glucuronolactone, and ginkgo Biloba.

The off-trade distribution channel segment is expected to witness lucrative growth during the forecast period, as off-trade channels form the primary segment for shopping for all kinds of beverages, thereby driving the sales through these channels. The wide availability of several versions of energy drinks such as conventional, organic, vegan, and premium at these stores encourages consumers to purchase them through this channel.

The market is highly competitive and dominated by large multinational manufacturing companies. The players face intense competition, especially from the top players in the market as they have a large consumer base, strong brand recognition, and vast distribution networks.

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Energy Drinks Market Report Highlights

• North America held the largest revenue share in 2021 owing to the growing interest in the consumption of energy drinks in the U.S. Consumers are willing to pay more for functional and result-oriented premium quality energy drinks
• The organic type segment is expected to register a higher growth rate during the forecast period, as health-conscious consumers who focus on reducing their exposure to artificial chemicals and artificial sweeteners usually prefer organic energy drinks over the conventional ones
• The cans packaging segment held the largest revenue share in 2021 as they are lightweight and compact, which makes them a popular choice

Energy Drinks Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 91.94 billion
Revenue forecast in 2030	USD 177.58 billion
Growth Rate	CAGR of 8.3% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 – 2020
Forecast period	2022 – 2030

List of Key Players in the Energy Drinks Market

• Red Bull
• Taisho Pharmaceutical Co. Ltd.
• Inc.
• Monster Energy
• Lucozade
• The Coco-Cola Company
• Amway
• AriZona Beverages USA
• Living Essentials LLC
• Xyience Energy

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Dietary Supplements Market Outlook By Ingredient, Form, Application, End-User, Type, Distribution Channel, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 14 May 2024: The Report Dietary Supplements Market Size, Share & Trend Analysis Report By Ingredient, By Form (Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, Others), By End-user, By Application, By Type, By Distribution Channel, By Region, And Segment Forecasts, 2024 – 2030

The global dietary supplements market size is anticipated to reach USD 327.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.1% from 2024 to 2030. There is growing awareness and interest in health and wellness among consumers. As people become more health-conscious and seek ways to improve their overall well-being, they are turning to dietary supplements as a convenient and accessible means to meet their nutritional needs. The desire for better nutrition, increased energy, weight management, and support for specific health goals such as immune system enhancement or joint health has fueled demand for a wide range of supplements.

In addition to general health and wellness concerns, the aging population in many parts of the world has contributed significantly to the market’s growth. As individuals age, they often require additional nutrients to address age-related health issues such as bone density loss or cognitive decline. This demographic shift has led to a surge in demand for supplements targeting specific age-related health concerns.

Regulatory changes have also played a role in shaping the market. In some regions, regulatory agencies have implemented stricter quality control standards, labeling requirements, and safety regulations, which have helped build consumer trust in the industry. These regulations have encouraged reputable manufacturers to invest in research, development, and product quality, while also weeding out unscrupulous players.

The market is highly competitive, with numerous companies vying for market share. As a result, there is a constant influx of new products and innovations, including personalized supplements tailored to individual health needs and preferences. This innovation has maintained the market dynamic and is responsive to evolving consumer demands.

In February 2022, Amway India introduced a new range of nutrition supplements under its Nutrilite brand. The products, including gummies and jelly strips, are designed to meet the nutritional needs of busy millennials. The range includes supplements for overall health and immunity, bone health, and eye health.

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Dietary Supplements Market Report Highlights

• Vitamins dietary supplements accounted for a substantial market share of 30% in 2023. These supplements are available in several forms, such as vitamin A (carotenoids and retinols), vitamin B (folic acid), vitamin C (ascorbic acid), and vitamin D (cholecalciferol), among others.
• Energy and weight management supplements had a lion share in the market with demand exceeding 30 % in 2023. Sports enthusiasts mainly influence the demand for dietary supplements that include vitamins and proteins.
• Adults were the largest consumers of supplements with a revenue share of 46.01% in 2023. The rising consumption of dietary supplements by working individuals to maintain a healthy lifestyle is expected to remain a favorable factor for the market.
• OTC sales of dietary supplements held the largest revenue share of 75.5% in 2023. The OTC sales of dietary supplements are anticipated to witness steady growth because of rising consumer awareness regarding the nutritional value and health benefits of these products.
• Offline sale of dietary supplements accounted for over 80% revenue in 2023. An increase in the number of prescribed dietary supplements by medical practitioners for treating gastrointestinal disorders, immunity-related issues, bone health, folic acid deficiencies, heart health, and age-related macular degeneration is expected to augment offline sales.
• Based on form, the tablets segment held a revenue share of 32.3% in 2023. High-quality supplements use excipients that aid in tablet absorption and disintegration. However, the natural coating provides better dissolution.
• Asia Pacific dietary supplements market was dominant with a revenue share of 34.9% in 2023. The region is anticipated to witness increasing demand for dietary supplements as key participants are introducing their brands in the untapped markets of Southeast Asia.

Dietary Supplements Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 192.65 billion
Revenue forecast in 2030	USD 327.42 billion
Growth Rate	CAGR of 9.1% from 2024 to 2030
Actuals	2018 – 2023
Forecast period	2024 – 2030

List of Key Players of Dietary Supplements Market

• Amway Corp.
• Abbott
• Bayer AG
• Glanbia plc
• Pfizer Inc.
• Archer Daniels Midland
• NU SKIN
• GlaxoSmithKline plc.
• Herbalife Nutrition Ltd.
• Nature’s Sunshine Products, Inc.
• XanGo, LLC
• RBK Nutraceuticals Pty Ltd
• American Health
• DuPont de Nemours, Inc.
• Good Health New Zealand
• Nature’s Bounty
• NOW Foods

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Biosimulation Market Latest Report By Product, Application, End-use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 10 May 2024: The Report Biosimulation Market Size, Share & Trends Analysis Report By Product (Software, Services), By Application (Drug Development, Drug Discovery), By End Use, By Region, And Segment Forecasts, 2023 – 2030

The global biosimulation market size is expected to reach USD 10.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2023 to 2030. The key factors fueling the market growth include the increasing incidence of chronic diseases, increase in healthcare digitization, and usage of biosimulation solutions in clinical trials and research.

The need for drug discovery and development amidst the prevalence of acute and chronic diseases has increased the allocation of funds for R&D activities, which has propelled the adoption of biosimulation solutions. In addition, a high drug attrition rate leads to an increase in the cost of clinical trials, which is expected to drive the clinical urgency to incorporate in silico biology approach. This approach significantly reduces the probability of drug failure by predicting biological interactions, thereby reducing overall costs.

A rise in drug relapse rates, drug resistance cases, and the limited availability of drugs to treat diseases such as AIDS have led to high clinical urgency for the adoption of biosimulation in applications such as drug development and drug discovery.

The COVID-19 pandemic also had a significant impact on the market growth. Simulations Plus, for instance, launched the StrategiesPlus COVID-19 ACT Program in March 2020 for speeding consulting assistance to any organization involved in COVID-19 research. The company declared that as of November 2020, its business was not materially adversely affected. However, the continuing spread of COVID-19 and the measures taken by governments of affected countries are likely to disrupt the supply chain and adversely impact its business and financial performance.

Surging demand for biosimulation software and services can also be attributed to their higher cost-efficiency. Biosimulation solutions enable cost-effective prediction of toxicity, adverse reactions, and efficacy of investigational drugs during the early stages of product development, thus limiting the probability of drug relapse and adverse events at later stages.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, to maintain a competitive edge in the market. For instance, in January 2022, Simulations Plus Inc. collaborated with an animal health company for validating current animal physiologically based pharmacokinetic (PBPK) models. With this funded collaboration, the company aimed to add a critical new species to its GastroPlus platform. Moreover, in November 2021, Yokogawa Electric Corporation acquired Insilico Biotechnology AG, a Germany-based company that develops and provides bioprocess software and services.

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Biosimulation Market Report Highlights

• By product, software dominated the market in 2022. This can be attributed to the availability of a wide range of application-specific software that suits research requirements. Furthermore, biosimulation software is being used in clinical trials and it also eases modeling and targets drug identification
• The drug development application segment accounted for the largest revenue share of more than 59.7% in 2022
• By end-use, pharmaceutical and biotechnology companies held the largest revenue share in 2022 due to the increasing strategic initiatives
• North America grabbed the largest revenue share of over 49.6% in 2022. The presence of a favorable reimbursement framework (especially post the implementation of the Affordable Care Act) and sophisticated healthcare infrastructure are expected to drive the regional market over the forecast period
• The Asia Pacific region is expected to grow significantly during the forecast period owing to the increase in the number of CROs, growth in spending on healthcare IT, and rapidly evolving healthcare infrastructure

Biosimulation Market Report Scope

Report Attribute	Details
The market size value in 2023	USD 3.3 billion
The revenue forecast in 2030	USD 10.0 billion
Growth rate	CAGR of 16.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players of the Biosimulation Market

• Certara, USA
• Dassault Systemes
• Advanced Chemistry Development
• Simulation Plus
• Schrodinger, Inc.
• Chemical Computing Group ULC
• Physiomics Plc
• Rosa & Co. LLC
• BioSimulation Consulting Inc.
• Genedata AG
• Instem Group of Companies
• PPD, Inc.
• Yokogawa Insilico Biotechnology GmbH
• Immunetrics

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Greenhouse Market Scope By Type, Offering, Crop Type, End-user, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 10 May 2024: The Report Greenhouse Market Size, Share & Trends Analysis Report By Type (Glass Greenhouse, Plastic Greenhouse), By Offering (Hardware, Software, Services), By Crop Type, By End-user, By Region, And Segment Forecasts, 2023 – 2030

The global greenhouse market size is anticipated to reach USD 53.51 billion by 2030, registering a CAGR of 9.9% over the forecast period, according to a new report by Grand View Research, Inc. The rise in food consumption is related to the development of contemporary agricultural practices such as greenhouse farming. According to the Food and Agriculture Organization (FAO) of the United Nations, 70% of food production must increase by 2050 to meet world food demand. Consequently, rising population and urbanization, along with a lack of arable land, are driving the use of alternative agricultural practices such as greenhouse farming. Greenhouse farming has enormous potential to assist satisfy the growing population demands witnessed in several nations such as China and India.

Indoor farming techniques including vertical farming and greenhouse farming have several advantages over traditional agricultural methods, including less water consumption, precision crop growth year-round, high yield of produce, reduced food waste, prevention of agricultural run-off, integrated pest management, and cultivation in limited space, among others. Moreover, the requirement to generate high yields while maintaining growing conditions such as enough light and shade, temperature, humidity, fertilization, pollination, and irrigation in farms is fueling greenhouse market expansion. Greenhouse producers employ automation techniques such as automated watering systems, climate control software, and pH sensors to produce high-quality crops and harvests.

The greenhouse farming technique can be used for niche application segments, such as the production of biopharmaceutical products. Pharmaceutical products are high-value products that require stringent quality control checks. Molecular farming envisages the production of commercially valuable and pharmaceutically important proteins in plants. Molecular farming holds the potential to provide proteins that can be used as a therapeutic and diagnostic tool in healthcare and life sciences.

The need for growing crops for the ingredients that can potentially help in producing high-quality pharmaceutical products is expected to open new opportunities for the adoption of greenhouse farming. The biopharmaceutical market is dominated by recombinant proteins and is mainly driven by the continued development of antibodies and vaccines. Manufacturing of bio-pharma products mainly relies on fermentation-based production platforms, which mostly have high upstream process costs and limited scalability. However, greenhouse farming can serve as a cost-efficient and scalable alternative for the effective production of recombinant proteins since each plant functions as a self-contained bioreactor by itself, thereby annulling the costs associated with single-use devices.

The COVID-19 pandemic has generated awareness about the benefits of greenhouse farming to overcome the food crisis. Countries like the U.K., Singapore, Japan, and the U.S. are investing in the development of greenhouse farms and aiming for a significant rise in local production. However, despite the investments, greenhouse farming possesses challenges such as struggle with power costs, difficulty in the maintenance of the controlled environment, and high startup costs, especially for the high-tech, automated facilities for advanced climate control. Therefore, overcoming these challenges and managing high investments in developing greenhouse farms would require time.

Europe accounted for the largest market share of about 32% in 2022. Europe has leading food and agriculture institutes such as Rothamsted Research in the U.K. and Wageningen University & Research in the Netherlands. The region also has large companies such as Sotrafa, Logiqs B.V., and Luiten Greenhouses BV that focus on innovations. Government bodies play a vital role in taking initiatives to develop the greenhouse farming market in the region. The European Commission has introduced the Horizon 2020 program that offers funds to bring new technologies into the European market. To achieve this, start-ups and the public sector have to work together to develop innovative technologies.

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Greenhouse Market Report Highlights

• The plastic greenhouse segment accounted for the largest share of about 42% in 2022 and is expected to dominate during the forecast period. Unlike glass greenhouses, which are made primarily from glass or other transparent materials, plastic greenhouses are often made from polyethylene or other types of plastic sheeting. They are a popular option for hobby gardeners and commercial growers, as they are less expensive and easier to maintain than glass greenhouses. Furthermore, the primary advantage of plastic greenhouses is that they are more affordable and accessible than glass greenhouses
• Based on offering, hardware accounted for the largest market share of about 62% in 2022. Hardware plays a significant role in maintaining the environment of greenhouse farms. Hardware for the greenhouse includes the physical equipment and devices that are used to automate and control various aspects of greenhouse operations. This includes tools for climate control, irrigation, lighting, and monitoring
• The fruits, vegetables & herbs segment accounted for the largest market share of about 56% in 2022 and is anticipated to continue its dominance in coming years. The segment’s growth can be attributed to the increased production of frequently produced fruits and vegetables in greenhouses. Crops grown in greenhouses provide maximum profit to companies involved in their cultivation. At the same time, greenhouse farming improves biodiversity as it does not cause land disturbances
• The research and educational institutes segment is expected to register the fastest CAGR of 10.7% during the forecast period. Research institutes use greenhouses to conduct experiments that require precise control of growing conditions, including temperature, humidity, light, and nutrient levels. Greenhouses allow researchers to manipulate these factors and test hypotheses about the impact of different environmental conditions on plant growth, yield, and quality
• Asia Pacific is forecast to register the highest CAGR of 11.3% from 2023 to 2030. The greenhouse industry is expected to observe healthy growth due to the growing population, and the need to ensure food security through alternative high-yield farming techniques

Greenhouse Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 27,652.1 million
Revenue forecast in 2030	USD 53.51 billion
Growth Rate	CAGR of 9.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in the Greenhouse Market

• Sotrafa
• Berry Global
• NETAFIM
• Certhon
• Richel Group SA
• Stuppy Greenhouse
• Logiqs B.V.
• Argus Control Systems Ltd.
• Poly-Tex, Inc.
• The Glasshouse Company
• Luiten Greenhouses BV
• Agra Tech, Inc.

Access Press Release of Greenhouse Market @ https://www.grandviewresearch.com/press-release/global-greenhouse-market

North America Cold Storage Market Overview By Type, Temperature Range, Application, Country And Forecast To 2030 : Grand View Research Inc.

San Francisco, 10 May 2024: The Report North America Cold Storage Market Size, Share & Trends Analysis Report By Type (Storage, Transportation, Packaging, Monitoring Components), By Temperature Range, By Application, By Country, And Segment Forecasts, 2024 – 2030

The North America cold storage market size is expected to reach USD 131.75 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 16.3% from 2024 to 2030. Technological advancements in cold storage warehouses are stimulating the growth of the market. Increasing automation is changing the conventional warehouse operations, enabling companies to maximize their output. Growing penetration of robotics applications, automated material handling equipment, and high-speed conveyor systems help in achieving the order accuracy.

Rising awareness concerning the low ozone depletion potential (ODP) and low global warming potential (GWP) refrigerants to tackle environmental and social facets along with increasing demand for energy-efficient natural refrigerants are the key factors driving the market. Inorganic refrigerants such as ammonia, CO₂, and hydrocarbon-based refrigerants are the most popular natural refrigerants that are being increasingly preferred by end users for their energy efficiency, low cost, and low GDP & ODP.

High running costs, capital investment, and scalability of different picking methods are the key factors restraining the market over the projected period. Additionally, advanced automation, software system, and high-tech advancements in tracking systems and warehousing have led to high requirements for skilled labor. Dearth of skilled labor can restrict the market from realizing its utmost potential.

Compared to other revenue-generation streams for real-estate firms, the North America cold storage construction market is smaller in size. From the owner’s perspective, potential developers and real-estate firms may want to consider investing in cold storage facilities owing to their growing population in the region. Furthermore, there will be a bidding war among investors to acquire Class A (high-quality or newly-constructed building located in central business areas and draws the highest rent) traditional warehouse space in the U.S. and Canada. To avoid such situation, real-estate firms can invest in developing a class B (older than class A buildings and draws less rent compared to class A) warehouse as the cold storage facility.

Key companies operating in the market are Lineage Logistics; Americold Logistics LLC; Burris Logistics, Inc.; Cloverleaf Cold Storage Company; and VersaCold Logistics Services. In addition to cold storage services, market players are providing value-added activities such as food processing and harvesting to increase the product life of fresh foods.

Access Research Report of North America Cold Storage Market @ https://www.grandviewresearch.com/industry-analysis/north-america-cold-storage-market

North America Cold Storage Market Report Highlights

• Service providers have enhanced their efforts to safeguard temperature-controlled products from potential tampering or any malicious actions with food products
• The close proximity of warehouses to transportation hubs such as airports, seaports, and major highway interchanges is likely to enable service providers to improve their efficiency by shipping products on time
• Stringent government regulations are encouraging manufacturers to develop rigorous practices and service providers to make investments for improving their infrastructure in order to obtain safety certifications
• The facilities/services segment dominated the overall market, gaining a revenue share of more than 92% in 2023. It is expected to grow at a CAGR of 16.2% from 2024 to 2030 throughout the forecast period.
• The frozen (-18°C to -25°C) segment dominated the overall market, gaining a revenue share of more than 64% in 2023. It is expected to grow at a CAGR of 17.5% throughout the forecast period.

North America Cold Storage Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 46.52 billion
Revenue forecast in 2030	USD 131.75 billion
Growth rate	CAGR of 16.3% from 2024 to 2030
Actual Data	2017 – 2022
Forecast period	2024 – 2030

List of Key Players in North America Cold Storage Market

• Americold Logistics, Inc
• Burris Logistics
• LINEAGE LOGISTICS HOLDING, LLC
• Wabash National Corporation
• United States Cold Storage
• Tippmann Group
• NFI Industries
• Penske
• Seafrigo Group
• NewCold

Access Press Release of North America Cold Storage Market @ https://www.grandviewresearch.com/press-release/north-america-cold-storage-market-analysi 

Pouches Market Demand By Material, Treatment Type, Product, End-use, Closure Type, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 10 May 2024: The Report Pouches Market Size, Share & Trends Analysis Report By Material (Plastic, Metal, Paper, Bioplastics), By Product (Flat, Stand-up), By End-use, By Treatment Type, By Closure Type, By Region, And Segment Forecasts, 2023 – 2030

The global pouches market size is expected to reach USD 63.1 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting for pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are the preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn is expected to benefit the market over the forecast period.

Access Research Report of Pouches Market @ https://www.grandviewresearch.com/industry-analysis/pouches-market

Pouches Market Report Highlights

• The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
• The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need for refrigeration and thus proves to be cost-efficient
• The stand-up type segment is expected to witness the highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
• In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration of organized retail
• The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

Pouches Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 42.2 billion
Revenue forecast in 2030	USD 63.1 billion
Growth Rate	CAGR of 5.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Pouches Market

• Amcor plc
• Mondi
• Sealed Air
• CONSTANTIA
• Coveris
• Goglio SpA
• ProAmpac
• GUALAPACK S.P.A
• Huhtamaki Group
• Smurfit Kappa

Access Press Release of Pouches Market @ https://www.grandviewresearch.com/press-release/global-pouches-market