Green Technology and Sustainability Market Trends, Segmentation, Key Players, Application And Forecast

Green technology and sustainability solutions are widely used in environment management, air quality management, green buildings, water and wastewater management, climate change management, and solid waste management applications. Amongst these, the environment management applications are expected to witness the fastest growth in the adoption of green technology during the forecast period. This is primarily attributed to the rapidly degrading soil quality, owing to the surging pollution levels and intensive farming practices.

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Green technologies can help farmers in pinpointing the ideal time to spray, plant, and harvest, which would, in turn, reduce the usage of pesticides and fertilizers. The biggest phenomenon currently being witnessed in the green technology and sustainability market is the rising usage of smart grids. The development of smart technologies has boosted the adoption of automation, distribution, communication, and metering processes, thereby driving the smart grid usage. 

For instance, smart meters help consumers in reducing power wastage by assisting them in keeping track of their power consumption. These grids also advise consumers on power optimization methods. In addition to this, smart grids play a major role in reducing the supply gap during periods of peak demand, by monitoring and tracking the electricity requirement of consumers. Globally, North America recorded the highest adoption of green technology and sustainability solutions in 2019.

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This is mainly ascribed to the huge investments made by private and public companies for the development of analytics and blockchain technologies, for the residential, commercial, and industrial sectors of the region. Furthermore, the efforts made by the governments of the two North American countries for integrating advanced technologies in the utilities sector, in order to ensure sustainability, have also contributed massively to the wide-scale adoption of green technologies in the region.

Hence, it is clear that due to the burgeoning adoption of building automation systems and the rising need for low-carbon electricity generation, the demand for green technologies and sustainability solutions will boom in the coming years.

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Rapid Advancement Expected in Global Handicrafts Market in Future

Travel & tourism activities has increased considerably across the globe over the past few years. Now that various forms of transportation are available, ranging from cheap to expensive, a larger number of people have taken an interest in exploring the world. Furthermore, globalization and increased disposable income of people in various countries have also resulted in the growth of the travel and tourism industry. Getting acquainted with the culture of a new place is a major aspect of traveling that people look forward to, and the artistic and cultural aspects of any society are almost always deeply rooted in their handicrafts items.

The global handicrafts market is registering growth because of the fact that people usually buy such items for presenting their family and friends with some kind of souvenirs. In addition to this, handicrafts are cheap to begin with and make for excellent ornamental pieces. The artisans in this domain wither work independently or are employed by small companies or exporters. The initial investment in this domain is less and companies can employ cheap labor, owing to which, the industry is growing rapidly in emerging economies, such as India.

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As per a report by P&S Intelligence, the handicrafts market is divided into officeware, furnishings & furniture, kitchenware, toys, gardenware, bathroom accessories, jewelry, and others. Among all these, the furniture and furnishings division is predicted to advance at a considerable pace in the years to come. The domain has further been registering shifting preference to contemporary styles from ethnic designs. In addition to this, the combinations of these styles is also gaining popularity these days. Owing to these trends, artisans have also started paying attention to the quality of products.

In conclusion, the demand for handicrafts is growing due to the expanding travel & tourism industry and surging demand for developed countries.

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E-Signature Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast With Demographic Data Till 2030

The surging popularity of online documentation processes is another major factor fuelling the rising demand for e-signatures across the world. In addition to this, the governments of various countries all around the world are rapidly implementing measures and policies for promoting the adoption of e-signatures all over the world. 

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Due to these factors, the global e-signature market generated a revenue of $951.3 million in 2019. The market is expected to advance at a CAGR of 24.6% during the forecast period (2020—2030). One of the prominent trends currently being witnessed in the e-signature market is the rising provision of e-signature solutions through software as a service (SaaS) model. 

This is mainly ascribed to the fact that the SaaS model allows the utilization of e-signature solutions without their customization and integration and immediately after their procurement. Due to this reason, governments and organizations across the world are increasingly preferring the adoption of SaaS-based e-signatures. Furthermore, the SaaS-based e-signature solutions are being increasingly used for document signing procedures by external organizations, sales, legal departments, and human resources.

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Across the globe, the Asia-Pacific (APAC) region is predicted to observe the fastest growth in the adoption of e-signature solutions during the forecast period. This is primarily attributed to the rising number of small and medium enterprises (SMEs), increasing investments being made in the information technology (IT) sector, rapid economic growth, increasing incorporation of various advanced technologies such as machine learning (ML)and artificial intelligence (AI), and enhancing digital infrastructure in the region.

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Rapid Advancement Expected in Global Midibus Market in Future

One of the major factors propelling the production of midibuses  is the upgradation of the transport infrastructure by the governments of various countries all around the world. Moreover, the rising global warming and environmental damage caused by the usage of conventional modes of transport have led to the enactment of stringent climate protection policies and agreements such as the Paris climate agreement, which is in turn making several countries, especially the ones in the European Union (EU), switch toward the adoption of energy efficient, sustainable and eco-friendly modes of transpiration such as the midibuses.

The rising urbanization and soaring population levels are the other major factors boosting the demand for midi buses across the globe. Due to these factors, the global midi bus market is expected to register tremendous growth during the forecast period (2020—2030). A midibus is basically a single decker minibus, which is usually smaller than a full size single decker minibus but larger than a conventional variant. The length of a midibus is usually in the range of 8–11 meters. 

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Globally, Asia-Pacific (APAC) is predicted to register the highest growth in the adoption of midibuses during the forecast period, due to the increasing population and soaring government initiatives in India and China for promoting the adoption of electric buses. For instance, the Indian government launched the National Electric Mobility Mission Plan (NEMMP) 2020 in 2019 for propelling the sales of electric and hybrid automobiles in the country. The burgeoning sales of electric vehicles will propel the adoption of electric midibuses in the country, which will in turn boost the growth of the midibus market in the country in future.

Therefore, it can be said without any hesitation that the sales of midibuses will shoot-up throughout the world in the coming years, mainly on account of the increasing need for environment-friendly modes of transportation and the improving transport infrastructure in several countries.

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This market research report provides a comprehensive overview of the midibus market.     

This study covers                                           

1. ·         Historical and the present size of the midibus market
2. ·         Future potential of the market through its forecast for the period 2020– 2030
3. ·         Major factors driving the market and their impact during the short, medium, and long terms
4. ·         Market restraints and their impact during the short, medium, and long terms
5. ·         Recent trends and evolving opportunities for the market participants
6. ·         Historical and the present size of the market segments and understand their comparative future potential
7. ·         Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
8. ·         Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
9. ·         Major players operating in the market and their service offerings
10. ·         Recent strategic developments by the major players in the market

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Rising Home Ownership Driving Worldwide Sales of Mattresses

The soaring home ownership rate in several countries, on account of the growing disposable income of people and the implementation of favorable government laws regarding home ownership, is causing a sharp surge in the sales of mattresses across the globe. As per the Organization for Economic Co-operation and Development (OECD), housing has become highly affordable in many countries, mainly because of the rise in the average annual growth rate of the disposable income of people.

The organization also found that the disposable income of people is registering an average annual growth rate of more than 2%. Additionally, the enactment of favorable policies in the real estate sector by the various governments is also pushing up the global home ownership rates. The Chinese government’s joint ownership housing scheme, the Indian government’s ‘Housing for All’ scheme, and the British Government’s affordable home ownership program are some of the laws that are fueling the surge in home ownership.

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Apart from the aforementioned factors, the growing migration of people from rural areas to urban centers, especially in the Middle East and Asia-Pacific (APAC) regions, is also propelling the demand for housing. This is, in turn, pushing up the requirement for mattresses.  As per the World Urbanization Prospects report published by the United Nations, nearly 54% of the people all over the world lived in urban areas in 2014 and this share would rise to almost 66% in 2050.

Hence, with the rising migration of people to cities and towns, the home ownership rates would boom. This would, in turn, cause the advancement of the global mattress market. The revenue of the market is predicted to surge from $31.1 billion to $38.9 billion from 2017 to 2023. Moreover, the market would exhibit a CAGR of 3.8% from 2018 to 2023. Between the organic and chemicals-based mattresses, the sales of the former will be higher in the future.

This would be a result of the growing public awareness about the harmful effects of chemicals-based mattresses. Among organic mattresses, the demand for latex mattresses is predicted to rise significantly in the coming years. Depending on end-use, the mattress market is divided into residential and commercial categories. Of these, the commercial category recorded higher growth in the market in the past years. This is because of the frequent changing of mattresses and other bedding products in hotels.

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Geographically, the North American mattress market was very prosperous in the years gone by and this trend will continue in the coming years as well, as per the estimates of the market research firm, P&S Intelligence. The surging disposable income of people in Canada and the U.S. would propel the sales of mattresses in the region in the future years. Besides this, the rapid construction of hotels in the U.S. is also pushing up the sales of mattresses.

Thus, it is safe to say that the demand for mattresses would skyrocket all over the world in the near future, mainly because of the rising home ownership rates and the increasing tourism activities around the world.

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How is rising Penetration of Smartphones Driving AR and VR Market?

The global augmented reality (AR) and virtual reality (VR) market is projected to account for a revenue of $1,274.4 billion in 2030, rising from $37.0 billion in 2019, progressing at a robust CAGR of 42.9% during the forecast period (2020–2030). The rising penetration of smartphones and tablet computers, increasing technology adoption among enterprises, and surging focus of vendors on price reduction are the key factors leading to the growth of the market. Between AR and VR, the VR division accounted for the major share of the market in 2019.

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The application of VR is rising in several industries, majorly gaming, and the prices of VR are declining, thereby leading to the increasing adoption of the technology. VR provided an immersive experience to consumers, which is why, companies in the gaming industry are incorporating these features into their services and products. The AR category is predicted to grow at a faster pace during the forecast period, owing to the various benefits offered by the technology. 

On the basis of application, the AR and VR market is divided into enterprise, commercial, and consumer, out of which, the consumer division is predicted to hold the major share of the market in 2030. The rising awareness regarding AR and VR is the major reason for the growth of this division. The number of gamers across the globe is expected to rise in the coming years, which is projected to drive the demand for immersive and interactive gaming.

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Geographically, the AR and VR market was dominated by North America during the historical period (2014–2019) and is predicted to hold the major share of the market during the forecast period as well. Within the region, the U.S. is leading the domain, owing to the presence of major companies in the country. In addition to this, the rising application of VR and AR in the healthcare and e-commerce sectors is also driving the growth of the regional domain.

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How is the Expanding E-Commerce Industry Contributing to Growing Demand for Seasonings and Spices?

The preference of consumers has changed radically since the past few years. A major reason for this is globalization, owing to which, different cultures are now being celebrated all across the globe. This includes the changing eating habits of people, as now consumers are open to experimentation and are increasingly trying new flavors and tastes. Recently Mexican, Chinese, and Continental cuisines have become increasingly popular all across the globe. These cuisine make extensive usage of different kinds of spices and seasoning, because of which, the demand for these products is growing rapidly all across the globe.

The global seasonings and spices market is projected to generate a revenue of $30.4 billion by 2023, increasing from $21.5 billion in 2017, and is predicted to progress at a 6.0% CAGR during the forecast period (2018–2023). The market is bifurcated into whole and ground in terms of product, between which, the whole bifurcation accounted for the larger share of the market in 2017. This is due to the fact that whole seasonings and spices are utilized in both residential and industrial sectors. The bifurcation is further divided into ginger, aniseed, saffron, chili flakes/pepper, vanilla, chives, tarragon, cinnamon, thyme, cumin, rosemary, dill, sesame, fennel, blue poppy seeds, and white poppy seeds.

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As per a report by P&S Intelligence, the Asia-Pacific region dominated the seasoning and spices market, both in terms of volume and value, in 2017. This is primarily due to the surging population in countries such as India and China, which is creating high demand for these products. India is the second-most populated country and the largest consumer of spices and seasonings across the globe. The demand for these products is also expected to increase significantly in North America and Europe in the coming years, as the consumption of various spices in these regions has increased considerably in recent times.

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In conclusion, the demand for seasonings and spices is increasing because of the expanding e-commerce sector and changing food habits of people around the world.

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