Latest Market Research Report 2025

The global laboratory information management system (LIMS) market was valued at approximately USD 2.3 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.48% from 2024 to 2030. This anticipated growth is largely driven by significant technological advancements in pharmaceutical laboratories, along with an increasing demand for lab automation. As research and development (R&D) labs—particularly in the pharmaceutical and biotechnological sectors—continue to evolve, they are expected to contribute positively to the overall industry growth. Moreover, the appeal of LIMS is bolstered by factors such as the low cost of implementation, efficient time management capabilities, and strict compliance with Good Distribution Practice (GDP), Good Clinical Practice (GCP), and Good Manufacturing Practice (GMP) regulations. These aspects are crucial for organizations aiming to enhance their operational efficiency while adhering to industry standards.   Gather ...

  The global event management software market was valued at approximately USD 6.97 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030. This significant growth can be attributed to the increasing proliferation of technology, which has enhanced the capabilities of event management software. These platforms offer robust data-handling features that enable event managers to collect and analyze a wide range of data, including participant demographics, opinions, and behaviors. The insights derived from this data empower event organizers to make informed decisions, improve future events, and tailor experiences to better meet the needs and preferences of attendees. As global interest in various types of events—such as conferences, exhibitions, and cultural gatherings—continues to rise, the importance of effective event management becomes increasingly critical. Event organizers are tasked with navigating cultural differences, communica...

  The global plant-based meat market was valued at approximately USD 7.17 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 19.4% from 2024 to 2030. This growth can be attributed to the increasing awareness of health risks associated with the excessive consumption of red and processed meats. As consumers become more informed about these risks, many are actively seeking healthier alternatives. Plant-based meats are often perceived as being lower in saturated fats and cholesterol compared to their animal-based counterparts, making them an appealing option for health-conscious individuals. This shift in dietary preferences is further supported by a growing body of research that links plant-based diets to a variety of health benefits. Studies indicate that such diets can lead to a reduced risk of chronic diseases, including heart disease, diabetes, and certain types of cancer. As a result, more people are incorporating plant-based options into their di...

  The global biofertilizers market was valued at approximately USD 1.66 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2030. This growth is primarily driven by a favorable regulatory environment in Europe and North America, combined with significant technological innovations aimed at enhancing the biofertilizer production process. Increasing awareness of the environmental repercussions associated with synthetic fertilizers has prompted manufacturers worldwide to invest more in research and development for biofertilizers. This heightened focus is expected to significantly drive demand for biofertilizers in the foreseeable future. Additionally, the rising consumer preference for organic food products—particularly in North America and Europe—is anticipated to further bolster the market for biofertilizers in the coming years. The growing recognition of the benefits associated with bio-based agricultural inputs, such as biofertiliz...

  The global polyurethane foam market was valued at approximately USD 43.70 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. This growth is largely attributed to the rising demand across various sectors, including automotive, construction, and furniture. Polyurethane (PU) foam is particularly favored for its versatility and outstanding insulation properties, making it an ideal material for enhancing the comfort, safety, and energy efficiency of numerous products. Additionally, there is a notable consumer shift towards eco-friendly and sustainable materials, as PU foam can be produced using bio-based materials, which helps to mitigate environmental impact. Technological advancements and improvements in manufacturing processes have further enhanced the cost-effectiveness of PU foam, encouraging its widespread adoption across diverse industries. As these factors continue to influence the market landscape, the global PU foa...

  The global livestock monitoring market was valued at approximately USD 4.01 billion in 2023, with expectations to grow at a compound annual growth rate (CAGR) of 11.56% from 2024 to 2030. Several key factors are poised to drive this market's growth, including technological advancements, increasing support initiatives, a heightened focus on preventive livestock monitoring, and rising consumption of dairy and meat products. A primary catalyst for this market is the surge in technological innovations related to livestock monitoring. These advancements manifest in various forms, including hands-free monitoring systems, automation technologies, the integration of Artificial Intelligence (AI), and the use of cutting-edge technologies such as drones. For instance, in April 2023, Advantech Co. Ltd. introduced a pioneering system that utilizes AI for early monitoring and detection of health issues in livestock. This innovative system employs AI alongside infrared vision to accurately meas...

  The global food colors market was valued at approximately USD 3.13 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. A significant driver of this market is the growing emphasis on visual appeal within the food industry. Food colors are utilized to enhance the attractiveness of food and beverages, as vibrant and visually appealing products are perceived as having greater value and are more likely to entice consumers to make a purchase. The market is characterized by a low threat of new entrants, largely due to the extensive portfolios and robust distribution networks established by existing players. This situation creates substantial entry barriers for new competitors. Additionally, the high switching costs for buyers further complicate market entry for newcomers, making it challenging for them to secure a significant share of the market and thus lowering the overall threat of new entrants.   Gather more insights abou...

  The global dairy processing equipment market was valued at approximately USD 10.41 billion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2025. This growth is largely driven by the rising consumption and production of dairy products worldwide, alongside the increasing adoption of automation processes in production. A significant factor contributing to this market growth is the evolving tastes, needs, and preferences of consumers who are increasingly seeking healthier and more palatable products. Technological advancements in dairy processing, coupled with a surge in the consumption of processed milk products, are expected to further propel market demand. Countries such as Australia, Germany, the Netherlands, and India are particularly noteworthy for their increasing production of dairy products, which will likely enhance market opportunities throughout the forecast period Gather more insights about the market drivers, restrains and...

  The global cleaning robot market was valued at approximately USD 4.96 billion in 2023 and is projected to experience remarkable growth at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2030. Modern cleaning robots are equipped with advanced technologies, including sophisticated sensors, AI-driven navigation systems, and complex algorithms that significantly enhance their efficiency and user-friendliness. These innovations empower cleaning robots to tackle intricate cleaning tasks, such as detecting and circumventing obstacles, mapping cleaning routes, and adapting their cleaning strategies to suit various surface types. Consequently, consumers are increasingly drawn to these advanced devices, appreciating the convenience and effectiveness they offer. As smart home ecosystems gain popularity, consumers are increasingly interested in products that can seamlessly integrate with their existing smart devices. Cleaning robots that can be controlled via smartphone applicatio...

  The global thermal spray coatings market was valued at approximately USD 10.46 billion in 2023, with projections indicating a growth rate of 4.8% CAGR from 2024 to 2030. The expansion of the thermal spray coatings market is closely tied to their application across various end-use industries, including automotive, aerospace, medical, industrial gas turbines, printing, steel, and pulp & paper. A significant driver of this demand is the increasing use of gas turbines in critical applications such as helicopter engines, tanks, ships, and locomotives. Thermal spray coatings are particularly valued for their high-temperature and corrosion resistance, which safeguards components against damage in high-temperature and moisture-rich environments. Gather more insights about the market drivers, restrains and growth of the  Thermal Spray Coatings Market Technology Segmentation Insights In 2023, the plasma spray technology segment led the market, accounting for over 32.0% of revenue....

    The global antibody drug conjugates market was valued at USD 11.29 billion in 2023. It is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2030. This growth is driven by a strong R&D pipeline. There is also a rising incidence of cancer. The demand for low-toxicity and effective drugs supports market expansion. Key antibody drug conjugates (ADCs) currently available include Kadcyla, Adcetris, Enhertu, Besponsa, Mylotarg, and Polivy. ADCs are a novel class of drugs. They consist of an antibody linked to a cytotoxic drug via a chemical linker. Conventional chemotherapy targets fast-growing tumor cells. However, it can also harm healthy cells. ADCs aim to enhance treatment efficacy while reducing systemic toxicity. In developed economies, reimbursement policies significantly influence this market. ADCs are more expensive to produce than conventional treatments. This results in higher overall treatment costs. Such costs can challenge reimburseme...

The global genomics market was valued at approximately USD 32.65 billion in 2023 and is projected to experience robust growth, with an anticipated compound annual growth rate (CAGR) of 16.5% from 2024 to 2030. This expansion is primarily driven by several key factors, including an increasing demand for gene therapy and personalized medicine, advancements in drug discovery, and a rising incidence of cancer. Additionally, there has been a significant uptick in consumer interest in genomics, further propelling market growth. The landscape of the genomics market is also being shaped by an increasing number of joint ventures and partnerships among major players, which are expected to enhance collaborative efforts and innovation within the sector. For instance, in June 2022, Illumina, Inc. partnered with Allegheny Health Network to effectively assess the impact of their Comprehensive Genomic Profiling (CGP) on patient care, highlighting the importance of collaboration in advancing genomic ap...

  The global car care products market was valued at approximately USD 10.2 billion in 2021 and is projected to experience steady growth, expanding at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2030. This growth is largely driven by the expanding automotive industry worldwide. The market's trajectory is further supported by rising disposable incomes in developing nations, which empower consumers to invest in vehicle repair and maintenance. Additionally, there is an increasing consumer focus on the aesthetics of automobiles, particularly personal vehicles, which is expected to positively influence market dynamics throughout the forecast period. Geographically, the market is witnessing robust growth in the Asia Pacific and North America regions. This growth can be attributed to the surging demand stemming from key automotive markets such as the U.S., Mexico, China, and India. As disposable incomes rise, consumers are more inclined to purchase vehicles, which subsequentl...

  The global battery recycling market was valued at approximately USD 1.83 billion in 2023 and is projected to experience remarkable growth, with an expected compound annual growth rate (CAGR) of 37.6% from 2024 to 2030. This rapid expansion can be attributed to the increasing popularity of electric vehicles (EVs) and renewable energy storage systems, which are generating a higher demand for batteries. Consequently, this surge in battery demand is driving the urgent need for effective recycling solutions. Additionally, governments worldwide are enacting regulations aimed at promoting battery recycling and minimizing environmental impact, which is anticipated to further enhance industry growth. In particular, the United States has emerged as a significant market for the recycling of lithium-ion (li-ion) batteries, bolstered by the presence of large-scale recycling facilities within the country. A notable example is Li-Cycle Corp., which recently inaugurated a new li-ion recycling fa...