The Organic Farming Market is experiencing a significant growth, and will grow considerably in next few years. Organic farming is a method that involves growing and nurturing crops with the use of biological materials preventing the use of synthetic based fertilizers and pesticides. Also, the use of genetically modified organisms is not permitted. Organic farming systems have a great potential to provide the world with healthy, high-quality food. Organic farming has several environmental benefits such that it improves the soil fertility, combats soil erosion and reduces the greenhouse gas emission when compared with other forms of agriculture. Organic foods help to mitigate dietary risks from pesticides to human health than conventional foods. Foods from organic farms are loaded with nutrients such as vitamins, enzymes, minerals and other micro-nutrients compared to those from conventional farms. Those that have tasted organically farmed foods would attest to the fact that they have a natural and better taste.
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Top Impacting Factors
- Favorable growth of organic agricultural practices all over the world coupled with regional government initiatives to promote organic farming is boosting growth of the global organic farming market.
- The rising awareness of natural, safe food, and new food safety standards for their health and well-being coupled with the willingness of consumers to pay for organic farm food is expected to boost the global market.
- Foods from organic farms are loaded with nutrients such as vitamins, enzymes, minerals and other micro-nutrients compared to those from conventional farms. Thus, another leading factor for the growth of the market.
Market Trends
New product launches to flourish the market
The launch of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well.
Ametherm launched a series of inrush current limiting NTC thermistors that are able to withstand input energy of 1.2 kJ and the steady state currents of 50.0 to 80.0A at 680V. They are offered in the DIN-rail-mountable packages.
This series of thermistors are designed for power distribution in the industrial and green energy applications such as wind turbines, transformers, and three-phase motors. Moreover, these thermistors offer cost and power saving benefits. It is a one-component alternative component to power resistors with MOSFETs and relays. For providing ease in installation, these devices are designed in such a way that it can be installed with a DIN block.
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Surge in usage in automotive and industrial applications
Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. Texas Instruments (TI) launched linear thermistors that have capabilities of delivering nearly 50% higher accuracy as compared to negative temperature coefficient (NTC) thermistors. This enhanced accuracy enables operation that can be carried out close to the thermal limits of the overall system.
The implementation of this device in the system would optimize performance along with lowering down the bill of materials and total cost of solutions. In addition, these linear thermistors would offer highly accurate and reliable thermal measurements at the temperature range above 80°C. This proves crucial in automotive, industrial, and consumer goods applications. Because, in these applications, precise and real-time temperature readings prove to be important factors for system protection and efficient performance.
Key Benefits of the Report
This study presents the analytical depiction of the Organic Farming industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Organic Farming market share.
The current market is quantitatively analyzed to highlight the Organic Farming market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed Organic Farming market analysis based on competitive intensity and how the competition will take shape in coming years
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