The global market for food containers is projected to grow at a compound annual growth rate of 4.06%. Over the forecast period, this market is estimated to increase at a rapid pace and is anticipated to reach US$ 274.042 billion in 2028 from US$ 207.476 billion in 2021.
Food containers are predominately used for the preservation, storage and transportation of food products to increase their shelf life. They are durable and help in maintaining the quality of the food product by preventing it from getting spoiled so that it can be transported over long distances. They are available in various shapes, colours, designs, sizes and are composed of several materials such as glass plastic, paper, and cardboard. The global market for food containers is categorised into various segments which include – the type of product, the application and the geographical region.
The high demand for convenient packaging solutions will foster growth for the global food containers market during the analysis period.
Demanding work schedules, rising personal income and fast-paced lifestyles have significantly altered consumer preferences and spurred the adoption of convenient packaging and storage solutions. For many customers, the ease of packing, and transporting that these food containers offer has taken on significant importance which will drive demand for the global market. Expanding nuclear families, increasing female labour force involvement, and rising living standards, will further boost market prospects. In addition, it is anticipated that the growing demand for processed and packaged foods will fuel the global food container industry over the next few years.
The massive expansion in the world’s food production is what largely drives the global market for food storage containers. For instance, fruit output in India reached 107.10 million tonnes, up 4.5 percent from the 102.48 million tonnes produced in 2020, according to the India Brand Equity Foundation. It is expected that there will be an increase in demand for practical packaging that makes food easy to transport, store, and consume right away.
In order to keep up with the growing trend of rising environmental consciousness, several key manufacturers and companies are employing biodegradable materials that can be recycled, refurbished, and reused to create packaging and storage solutions that are better for the environment which will bode well for the food containers market in the future.
According to the research and analysis, out of all the material types, plastic food containers are expected to substantial market proportion, during the anticipated period.
Based on the type of container the market for food containers is categorized into glass containers, plastic containers, metal containers, paperboard containers and pouches & bags. Out of all these mentioned above plastic food containers are anticipated to account for a major share of the global market during the analysis period.
Many of us have a kitchen cabinet full of plastic containers that we use to keep our leftovers. Fast food chains and restaurants widely use plastic containers to pack food for takeaway or delivery orders. This is because plastic materials have a number of advantages over other types of food materials. Most food packages and containers are primarily made of plastic as it is extremely lightweight and is manufactured with a lot less amount of energy. A study by the US Environmental Protection Agency found that plastic containers require 40 per cent less energy to manufacture than paper containers.
Additionally, it is economical compared to other types of containers such as metal and glass food containers. They can be used by any firm or business irrespective of the size of their operations. Small-scale manufacturers benefit most from the affordability of plastic food packaging since it gives them access to standardised packaging alternatives despite limited financial resources.
Plastic containers can withstand harsh conditions and don’t easily get corroded in cold and hot temperatures, protecting the quality of the food while keeping the container intact. Additionally, it shields food items from dust, bacteria, air, moisture, and light. They are highly versatile as they can be easily moulded into any shape and size. Some of the plastic resins used to manufacture food containers are PET, polypropylene, LDPE etc.
However, the negative impact of plastic materials on the environment and health will restrict the growth of this segment as manufacturers are shifting towards more sustainable and biodegradable food packaging and storage solutions.
During the analysis period, the negative impact of food containers on the environment is anticipated to obstruct the growth of the global food container market.
In the modern world of food packaging, food containers are used to keep the food safe, shelf-stable, and clean. Unfortunately, most packaging is single-use and is either thrown away or recycled instead of being reused. The US EPA estimates that about half of all municipal solid waste is made up of food and materials used in food packaging such as containers.
Most of the food containers available in the market are made out of plastic. As the knowledge of the health and environmental risks of plastic grows people are shifting towards more sustainable alternatives. According to the renowned industrial ecologist Roland Geyer, the amount of plastic that has ever been recycled stands at 9 per cent. The full cost of this low-priced material is starting to become more clear due to its effects on global warming and pollution, as well as the toxins and microplastics that enter our bodies, the food chain, and the environment.
Plastic containers are composed of various harmful chemicals such as phthalates and BPA which can adversely harm our health. Researchers acknowledge that there are still numerous knowledge gaps about the many other chemicals that are added to plastic during its manufacturing process.
Not just plastic but others materials also hurt the environment. For instance, in manufacturing glass containers, the raw materials used are burned using large amounts of fossil fuels which leads to the emission of greenhouse gases and fumes into the environment.
During the analysis period, out of all the geographical regions the market is segmented into the Asia Pacific region is likely to account for a rapid growth rate in the global Food containers market.
The global fatty alcohol market has been divided into five regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. During the projected period, the Asia Pacific food containers market is expected to grow significantly during the aforementioned period. Rising disposable income, rapid urbanization and the demand for western-style diets are supporting the growth of the food containers market in this region. The food packaging market in Asia pacific has grown positively and is expected to grow significantly over the projection period. The rapid expansion of the food processing sector and HoReCa industries in countries like India, Chain and Japan with help of government initiatives will also bolster the growth of food containers in this region. Prime markets in the Asia Pacific region include India, China, Japan, South Korea, Indonesia, Thailand and Taiwan.
Clear Aligner Market is expected to grow at a healthy CAGR
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Clear Aligners ’’ – which is forecasted from 2021 to 2028.
The prime factors propelling the market growth of clear aligners are the rising demand from adults, the development of orthodontic technology, rising dental disorders, and its efficiency.
As per the report, the clear aligner market is expected to grow at a steady pace.
Clear aligners are an orthodontic device that is used instead of metal braces to align the teeth. It is an easy-to-use and comfortable method for teeth alignment as compared to traditional braces. These are in growing demand among adults owing to their invisibility, efficiency, and economic cost. The people who earlier didn’t go for the treatment are adopting to clear aligners treatment method.
Various research and technological advancements are happening in the market such as the acceleration of 3D printing in dental appliances. 3D printing provides customization of the aligners along with precision and quicker treatment. More players are coming in the market with enhanced technology for instance, In august 2022, Orthobrain® launched the first clear aligner system SimplyClear™. It is developed by orthodontists and provides 360º support with flexible material.
Based on the material type, the clear aligner market is divided into polyurethane, plastic polyethene terephthalate glycol, polyvinyl chloride, and others. Polyvinyl chloride (PVC) is the third most widely produced polymer which comes in two basic forms rigid and flexible. The flexible form is used in clear aligners because of its mechanical and water-resistant properties. These factors will aid in the growth of clear aligners made with PVC.
Based on the end-user, the market is divided into hospitals, dental clinics, and others. Dental clinics are the major user in the clear-aligners market owing to their dental care facility and the rising number of dental disorders. It is estimated that oral diseases have a prevalence of 45% and around 1 billion cases have increased in the last 30 years as per the reports of the World Health Organization.
Based on Geography, North America is expected to hold a significant market during the forecasted period. The main reason for North America dominating in clear aligners market can be attributed to technological advancements, cheap cost, and higher dental disorders. The North American region had the third highest malocclusion cases in the year 2021 as per the estimates of Star Orthodontics.
As a part of the report, the major players operating in the clear aligner market, that have been covered are 3M Company, Align Technology, Avinent Implant System, Dentsply Sirona Inc., Envista Holdings Corporation, Henry Schein Inc., G&H Orthodontics, T.P. Orthodontics, SmileDirect Club, and Angel Aligner.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/clear-aligners-market
This analytics report segments the clear aligner market on the following basis:
Artificial Intelligence (AI) Text Generator Market is expected to grow at a healthy CAGR
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “AI Text Generator ’’ – which is forecasted from 2021 to 2028.
The prime factors propelling the market growth of AI text generators are the rising use of social media, content creation, and the growing demand for SEO tools in marketing.
As per the report, the artificial intelligence (AI) text generator market is expected to grow at a steady pace.
AI text generator is an artificial intelligence application tool that helps in creating content for numerous uses. The application of these tools is widening in this technology-driven world with an increasing demand for content creation and digital marketing. It professionally facilitates content creation for example email, letters, school projects, website content, etc. as well in a casual manner such as friend invitations, social media blogs, etc.
The digitalization of the business and almost every shop coming online for business expansion will aid the market growth of the AI text generator as people who need content for their websites, especially small businesses will opt for the AI text generator tools. Moreover, the social media influencers, bloggers, and YouTubers who are growing will further aid the market growth as AI helps in producing effective and engaging content and drives the audience which helps in growth.
Many AI text generator tools are coming into the market, for example, Jasper AI, Article Forge, CopySmith, Writesonic, Copy.ai, Ryter, Peppertype, Anyword, and Text Cortex among others, and also the major software companies such as Google stepping into the market which shows the market potential in the coming years.
Based on the type, the AI text generator market is divided into text-to-text and speech-to-text. The text-to-text AI generator is the one that takes the prompt for example any sentence or information and gives the output in a complete meaningful paragraph. On the other hand, speech to text AI generator takes the audio and converts it into text or translates it into another language in the text format. With more people using the AI text generator tools and the ease of just speaking and getting the text or information will drive the market growth for speech-to-text AI-generating tools during the forecasted period.
Based on the application, the market is divided into education, smart electronics, media and entertainment, enterprises, and others such as data science. Among the listed applications of AI text generator, school, and media & entertainment will see major market growth due to the ease of getting information and well-framed content for school projects and the growing industry of media and entertainment.
Based on Geography, North America is expected to hold a significant market during the forecasted period. The main reason for North America dominating in AI text generator market can be attributed to the advancements in the technology in the region. Major companies such as Microsoft, Google, and IBM share in the region is more as compared to other regions thus, the AI text generator software and applications developed by the mentioned company will launch and grow in the region first.
As a part of the report, the major players operating in the AI Text Generator Market, that have been covered are Microsoft Bing ChatGPT, Jasper AI Inc., You.com, Writesonic Inc., Google LLC, SpinBot, Anlatan, AI-Writer, SYSOTEL Technologies Pvt. Ltd., and Frase Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/ai-text-generator-market
This analytics report segments the AI Text Generator market on the following basis:
The AI in Music Market is expected to grow at a healthy CAGR
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new analysis report on the “AI in Music Market” – which is forecasted from 2023 to 2028.
The prime factors propelling the growth of the AI in music market are the increasing demand for music consumption and the adoption of subscription-based music streaming services such as Spotify, Apple Music, etc., and technological advancements in the field of artificial intelligence.
As per the report, the AI in Music Market is expected to grow rapidly during the forecast period.
The AI in music market is experiencing significant growth due to the increasing levels of music consumption and adoption of music streaming services that are based on a subscription system such as YouTube Music and Spotify. Music consumption levels have been growing continuously, especially due to lockdown restrictions during the coronavirus pandemic where people were forced to stay indoors.
Additionally, changing lifestyle habits and an increasingly younger demographic are also contributing to a rise in demand for music which in turn fuels the market for music streaming. These streaming services use AI technologies to categorize artists and songs, and also to learn the usage patterns of consumers to recommend songs based on their preferences. The demand for AI in music has also increased due to the rapid advancements in the technologies being used, such as the introduction of improved voice and sound detection software, and AI tools to create songs and for their editing and post-production. All these technological improvements are expanding the scope of AI usage in the music industry.
The AI in music market has been categorized based on application, and geography.
By application, the market has been classified into personalization, music composition, and audio mixing. The personalization segment is expected to witness positive growth in the AI in music market owing to the rise in usage of subscription-based music streaming services. As more people adopt these services for their music-hearing needs, these service platforms will continue to use artificial intelligence and machine learning methods to study listening and search patterns to improve and personalize their recommendations features. The music composition segment is also anticipated to experience steady growth due to the advent of new technologies that help in composing music and song lyrics.
AI tools such as ChatGPT can also be used to create a draft for song lyrics based on the prompts given. Similarly, there are multiple softwares available that utilize AI tools for audio mixing, which refers to editing and post-production of songs after their recording. Software such as Agora and Pacemaker are being equipped with AI tools to increase the scope of the features and help improve the quality of music creation.
Geographically, the market is classified into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The North American region is expected to witness significant growth in the AI in music market due to the presence of several large music streaming services and software such as Spotify, Apple Music, Amazon Music, etc. There is also a large base of users who consume high levels of music content in this region, which will further expand the market size for AI in music in this region. On the other hand, the Asia-Pacific region is also expected to grow steadily characterized by the rise in adoption of music streaming services in the region and a large percentage of the world population which is expected to drive the demand for these services.
As a part of the report, the major players operating in the AI in music market that have been covered are iZotope, Aiva Technologies, Amper Music (Shutterstock inc), BRAINFM Inc, LANDR, Boomy Corporation, Magenta (Google Inc), SOUNDRAW Inc, Amadeus Code, Klangio GmbH.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/ai-in-music-market
This analytics report segments the AI in music market on the following basis:
Hemp Protein Market Is Expected to Grow at a Healthy CAGR
Press ReleasesKnowledge Sourcing Intelligence releases the publication of a new analysis report on the market “Hemp Protein Market – which is projected from 2023 to 2028”.
The increasing demand for plant-based proteins is the key factor contributing to the global hemp protein market expansion. In addition, rising awareness regarding the benefits of hemp protein and its products is also positively contributing to the market prospects. Moreover, a shift towards vegan and vegetarian diets is anticipated to contribute to the global market growth during the analysis period.
However, the stringent regulatory landscape, negative public perception & stigma coupled with complex supply chain and sourcing issues are hindering the growth of the global hemp protein market during the analysis period. Additionally, potential applications in sports performance, gut health, disease prevention, and rising investment are likely to open new avenues for innovation and growth.
As per the report, the market for Hemp Protein Market is anticipated to rise at a steady pace.
Hemp protein is a type of plant-based protein derived from the seeds of cannabis sativa or hemp plants. It is a good alternative to animal-based proteins as it is a complete protein, which means it contains all nine essential amino acids. Hemp protein is also abundant in fiber, vitamins, and minerals. The rising prevalence of vegan and vegetarians have pushed the demand for plant-based products. Hemp protein is easily digestible and is free from common allergens such as dairy, soy, nuts, and gluten, making it an ideal choice among vegans and vegetarians. It is packed with protein, boasts an impressive nutritional profile, and is a rich source of fiber, essential fatty acids, vitamins, minerals, and antioxidants. This unique combination contributes to overall well-being and supports various aspects of health driving its demand even further.
The global market for hemp protein is analyzed by source, application, and geographical region.
On the basis of source, the market classification has been done into organic and conventional. Out of all these types, the organic segment is expected to hold a significant market share during the analysis period. Growing demand for natural, safe, and pesticide-free food products is driving the growth of this segment. Favorable government initiatives and policies to boost organic farming practices are also contributing to the segment’s growth.
Based on end-user, the market is analyzed into functional food, functional beverages, dietary supplements, pharmaceuticals, personal care, and others. The dietary supplement segment is expected to hold a significant market share among the abovementioned segments. Adding hemp protein to dietary supplements boosts protein content and other vitamins and minerals, including omega-3 fatty acids and cannabinoids.
Of all the geographical regions, North America is expected to hold a significant market share in the global hemp protein market. The demand in this region is expanding quickly because of the growing vegan population in countries such as the USA and Canada. The growing popularity and rising awareness of hemp protein products are key factors driving the regional market growth. In addition, the rising prevalence of gluten allergies and increasing industrial hemp production are other factors driving the regional hemp protein demand. The North American hemp protein market is also predicted to rise significantly due to the presence of prominent market players such as Manitoba Harvest, Nutiva, Hemp Yeah!, and Hemp Foods.
Asia Pacific hemp protein market growth is attributed to the rising disposable income, increasing awareness about the health benefits of hemp protein, and growing government support for the hemp industry.
The major players covered in the global hemp protein market are Hemp Oil Canada Inc, Navitas LLC, North American Hemp & Grain Co. Ltd, Aurora Cannabis (Hempco Food and Fiber Inc.), Fresh Hemp Foods Ltd. (Manitoba Harvest Hemp Foods), Naturally Splendid Enterprises Ltd., GFR Ingredients Ltd., and Green Source Organics.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/hemp-protein-market
This analytics report segments the hemp protein market on the following basis:
Exploring the Power of ChatGPT and the Future of Language AI Technology
Thought ArticlesChatGPT is a language model developed by OpenAI, co-founded by Sam Altman in 2015, and supported by well-known investors such as Microsoft., based on the GPT (Generative Pre-trained Transformer) architecture and was officially released on November 30, 2022. It is designed to understand users’ natural language input and generate responses that resemble a human conversation. It has been pre-trained on a massive dataset of text from the internet, allowing it to generate coherent and contextually relevant responses to various prompts and perform a diverse range of tasks such as language translation, providing answers to questions, and generating conversations.
Recently, Microsoft claimed to have connected hundreds of Nvidia GPUs on its Azure cloud computing platform to create the supercomputer that supports OpenAI’s initiatives. As a result, tools like ChatGPT and Bing’s AI capabilities were unlocked by OpenAI, enabling it to train ever-more potent models helping to advance the ChatGPT technology. Further, to power ChatGPT and to fuel AI initiatives for OpenAI and its internal teams, the software giant Microsoft is constructing its own ML hardware by creating an AI chip. According to The Information, Microsoft has been covertly developing its artificial intelligence chips since 2019 to combat the escalating expenses of research for internal and OpenAI initiatives by lowering its dependency on Nvidia’s GPUs which could help reduce production and technology costs to ChatGPT and other similar technology companies.
Key developments in ChatGPT technology:
In April 2023, OpenAI Company initiated a bug bounty program to reward amounts ranging from $200 for low-severity findings to $20,000 for major bug discoveries to consumers who report such security flaws in its AI services, including ChatGPT on the crowdsourced cybersecurity platform Bugcrowd.
On April 17, 2023, Microsoft Corporation stated its intention to employ PowerToys, an open-source program, to incorporate ChatGPT into Windows 10 and 11 to enable users to communicate by asking questions and receiving answers. This declaration follows the recent unveiling of the Windows 11 taskbar search bar, powered by Bing AI and a newer version of OpenAI’s ChatGPT, which provides an enhanced chat experience to users using AI technology.
On March 13, 2023, OpenAI Company released an enhanced version of ChatGPT by integrating the GPT-4 language model system, and users can utilize the Chat GPT-4 tool to the maximum extent by opting for a paid subscription. The internal testing of GPT-4 conducted by the company, with an emphasis on content moderation, support, programming, and sales, revealed that ChatGPT 4 is 40% more probable to generate precise responses than GPT-3.5 and is 82% more reluctant to respond to queries for prohibited content.
Similar Technologies:
The rapid popularity and high demand for ChatGPT have encouraged the development of similar AI-powered technological innovations by leading companies. These companies have all created their varied versions of the GPT-3 model, with different levels of success and applicability. Some of the most are:
Bard is the AI-based conversational chatbot generated by Google LLC and was officially released on March 21, 2023. This application was initially set to launch in February; however, as a result of an inaccurate response by Bard, which created a financial loss of US$100 billion for Google, the company decided to re-evaluate its AI chatbot and make necessary modifications before its official launch.
Quora created Poe, an AI chatbot platform, and has been in operation since December 2022. It enables users to pose queries to a variety of AI bots built on top of expansive language models, including those created by OpenAI and other businesses like Anthropic.
A leading AI text generator, Writesonic, unveiled ChatSonic, a cutting-edge conversational AI chatbot that outperforms ChatGPT in January 2023. This chatbot uses searches, photos, and data available till the present time to create content.
The most recent machine learning platform from Amazon Web Services called Amazon Bedrock, gives users a simple approach to creating and deploying generative AI applications using foundation models without the need to manage any physical infrastructure or the high operational costs that are typically associated with it. This application, launched by AWS in April 2023, generates images, summarizes texts, serves as an AI chatbot, and can be used as a search engine.
This is an online application that can engage in natural conversation based on context. The beta model was created by Noam Shazeer and Daniel De Freitas, former LaMDA developers for Google, and was released to the public in September 2022. It is a chatbot program where a user can pick the personality they wish to communicate with from an array of options, and the conversational style of the AI will alter depending on the character they select.
A new AI chatbot named BlenderBot 3 was developed by the parent company of Fcaebopok, Meta, which can engage in online conversations with users and respond by conducting web searches.
On December 20, 2022, the Y Combinator firm, Jasper AI, a software development company based in the US, debuted its new Jasper Chat feature, following the momentum that OpenAI generated with ChatGPT.
However, in an open letter published in March 2023, several leading businessmen and AI researchers, including Elon Musk and Apple co-founder Steve Wozniak suggested all AI labs immediately stop training any AI systems more potent than GPT-4 for at least six months due to the rising concerns over its truthfulness and accuracy. Contrasting this, Elon Musk himself announced in April 2023 that his newly incorporated AI company, X.AI, will be working towards developing its version of ChatGPT technology, which will be named TruthGPT, as an enhanced and more reliable version of ChatGPT.
Applications of ChatGPT and related technology:
The development in AI fields in the generative fields of text, content, and images is being fueled by the advancement in ChatGPT and other related technology. Apart from this, some other sectors that benefit the most from these technologies or can apply these technologies include:
The education sector can adopt ChatGPT and other similar technology by creating a syllabus framework, proofreading and providing reviews on children’s assignments, offering tips for creating personalized teaching, and creating teaching content for students. A test conducted by the Minnesota University Law School has the potential to clear the US law exam. Therefore, the academic abilities of ChatGPT can be used by the education sector. However, the plagiarism risks are creating hesitations for the usage of ChatGPT in this sector. However, the recent innovation by anti-plagiarism software such as Turnitin, which can detect AI-generated text, could encourage its adoption across different educational establishments.
The real estate sector is one profession that has already embraced ChatGPT technology. There are a limited number of criteria that can be used to characterize a property when it is up for sale, including quantitative information such as square footage, total acreage, number of bedrooms and bathrooms, price, and as well as factual and descriptive terms such as renovated, open concept, formal dining room, and others to be included in the essentials. However, ChatGPT can assist in creating such descriptions in a very small amount of time. It has reportedly altered the way some residential and commercial agents work, from creating listings and social media posts to creating legal paperwork. Additionally, it might be used to automate repetitive processes like making difficult calculations and responding to commonly asked inquiries.
The gaming industry is another sector that can extensively use ChatGPT-based technologies by coding games. A user accomplished the task of recreating a famous game called Pong in a very short time frame that can be measured in seconds. In other words, creating Pong was previously also doable with older versions of GPT 4; however, with the advancement in ChatGPT technology, it does so for the first time rapidly and all at once.
The market research and data analysis processes can be improved by using ChatGPT technology. To gather customer feedback and insights, ChatGPT can be used to create conversational and intelligent surveys. When compared to conventional surveys, using ChatGPT permits for more organic and interesting data collection. In addition, the analysis and comprehension of customer demands and preferences can be improved by using ChatGPT to group customer comments and other unstructured data into categories based on certain topics, such as product features, customer service, and marketing initiatives. Sentiment analysis, predictive modeling, and social media analysis are some other potential applications of ChatGPT in data analysis activities.
The generative ability of ChatGPT and other similar technologies expands its application scope to various fields of entertainment and media sector, including music and content creation. As for content creation, Jasper AI has already utilized the technology present in its Jasper Chat to write and generate books that have been published. In addition, a test conducted by Musictech company revealed that ChatGPT could be used to compose music, write songs, and analyze music.
ChatGPT can generate algorithms and write codes that could assist a large number of start-ups with low investment funding. Consider the example of AutoGPT, which is an open-source application that runs on Python language. It is an experimental program that demonstrates the GPT-4 language model’s potential to integrate LLM models to accomplish any specified objective. Auto-GPT tests the limits of what AI is capable of as one of the first instances of GPT-4 operating completely autonomously.
Limitations:
Certain technical restraints and public challenges are discouraging the growth of ChatGPT and similar technology. Some of them include:
Ever since its release, ChatGPT has been stirring public sentiment in both directions. The uncertainty about AI technology among users is resulting in negative public sentiment about ChatGPT technology. A survey conducted by Pew Research Center in 2021 about the public feelings towards the growing usage of artificial intelligence in daily life showed that only 18% of respondents indicated they were more excited than concerned, while 37% said they were more concerned than delighted, and 45% said they were both equally concerned and excited. According to a Monmouth University survey, 55% of Americans, as opposed to 44% in 2015, believe that AI could endanger the existence of the human species. The concerns of misinformation, unemployment, and bias are some of the reasons restricting the usage of ChatGPT among a particular set of users.
The privacy concerns and ethical issues associated with ChatGPT-based technology are causing its ban in some countries. ChatGPT has been effectively banned by Italy’s national privacy regulator after OpenAI was charged with the unlawful collection of personal data in March 2023. In addition, the country’s data protection authority stated that the company lacked a legitimate reason to acquire consumers’ data. It also declared that OpenAI also lacks a system to prevent minors from using the program. Moreover, in April 2023, the legislators in the European Union sought to provide authorities new powers to control the development of technology like those underlying ChatGPT as EU politicians argue that the rapid advancement of AI in recent months necessitates a new set of regulations adapted to potent, all-purpose AI technologies.
The limited capacity of ChatGPT and other similar technologies is a major limitation that companies must try to overcome by conducting extra research work as it creates disrupted usage for users. ChatGPT reaches full capacity frequently, which restricts its usage to a limited number of users.
In conclusion, ChatGPT and other similar technologies offer a wide range of application possibilities across different sectors and can bring about major changes in different industries. However, since it is still in its initial stages of development, companies generating these technological applications must conduct rigorous research to fortify their work and enhance their accuracy levels by eliminating the various ethical concerns associated with them.
Food Container – Best Way to Organise Your Kitchen
BlogThe global market for food containers is projected to grow at a compound annual growth rate of 4.06%. Over the forecast period, this market is estimated to increase at a rapid pace and is anticipated to reach US$ 274.042 billion in 2028 from US$ 207.476 billion in 2021.
Food containers are predominately used for the preservation, storage and transportation of food products to increase their shelf life. They are durable and help in maintaining the quality of the food product by preventing it from getting spoiled so that it can be transported over long distances. They are available in various shapes, colours, designs, sizes and are composed of several materials such as glass plastic, paper, and cardboard. The global market for food containers is categorised into various segments which include – the type of product, the application and the geographical region.
The high demand for convenient packaging solutions will foster growth for the global food containers market during the analysis period.
Demanding work schedules, rising personal income and fast-paced lifestyles have significantly altered consumer preferences and spurred the adoption of convenient packaging and storage solutions. For many customers, the ease of packing, and transporting that these food containers offer has taken on significant importance which will drive demand for the global market. Expanding nuclear families, increasing female labour force involvement, and rising living standards, will further boost market prospects. In addition, it is anticipated that the growing demand for processed and packaged foods will fuel the global food container industry over the next few years.
The massive expansion in the world’s food production is what largely drives the global market for food storage containers. For instance, fruit output in India reached 107.10 million tonnes, up 4.5 percent from the 102.48 million tonnes produced in 2020, according to the India Brand Equity Foundation. It is expected that there will be an increase in demand for practical packaging that makes food easy to transport, store, and consume right away.
In order to keep up with the growing trend of rising environmental consciousness, several key manufacturers and companies are employing biodegradable materials that can be recycled, refurbished, and reused to create packaging and storage solutions that are better for the environment which will bode well for the food containers market in the future.
According to the research and analysis, out of all the material types, plastic food containers are expected to substantial market proportion, during the anticipated period.
Based on the type of container the market for food containers is categorized into glass containers, plastic containers, metal containers, paperboard containers and pouches & bags. Out of all these mentioned above plastic food containers are anticipated to account for a major share of the global market during the analysis period.
Many of us have a kitchen cabinet full of plastic containers that we use to keep our leftovers. Fast food chains and restaurants widely use plastic containers to pack food for takeaway or delivery orders. This is because plastic materials have a number of advantages over other types of food materials. Most food packages and containers are primarily made of plastic as it is extremely lightweight and is manufactured with a lot less amount of energy. A study by the US Environmental Protection Agency found that plastic containers require 40 per cent less energy to manufacture than paper containers.
Additionally, it is economical compared to other types of containers such as metal and glass food containers. They can be used by any firm or business irrespective of the size of their operations. Small-scale manufacturers benefit most from the affordability of plastic food packaging since it gives them access to standardised packaging alternatives despite limited financial resources.
Plastic containers can withstand harsh conditions and don’t easily get corroded in cold and hot temperatures, protecting the quality of the food while keeping the container intact. Additionally, it shields food items from dust, bacteria, air, moisture, and light. They are highly versatile as they can be easily moulded into any shape and size. Some of the plastic resins used to manufacture food containers are PET, polypropylene, LDPE etc.
However, the negative impact of plastic materials on the environment and health will restrict the growth of this segment as manufacturers are shifting towards more sustainable and biodegradable food packaging and storage solutions.
During the analysis period, the negative impact of food containers on the environment is anticipated to obstruct the growth of the global food container market.
In the modern world of food packaging, food containers are used to keep the food safe, shelf-stable, and clean. Unfortunately, most packaging is single-use and is either thrown away or recycled instead of being reused. The US EPA estimates that about half of all municipal solid waste is made up of food and materials used in food packaging such as containers.
Most of the food containers available in the market are made out of plastic. As the knowledge of the health and environmental risks of plastic grows people are shifting towards more sustainable alternatives. According to the renowned industrial ecologist Roland Geyer, the amount of plastic that has ever been recycled stands at 9 per cent. The full cost of this low-priced material is starting to become more clear due to its effects on global warming and pollution, as well as the toxins and microplastics that enter our bodies, the food chain, and the environment.
Plastic containers are composed of various harmful chemicals such as phthalates and BPA which can adversely harm our health. Researchers acknowledge that there are still numerous knowledge gaps about the many other chemicals that are added to plastic during its manufacturing process.
Not just plastic but others materials also hurt the environment. For instance, in manufacturing glass containers, the raw materials used are burned using large amounts of fossil fuels which leads to the emission of greenhouse gases and fumes into the environment.
During the analysis period, out of all the geographical regions the market is segmented into the Asia Pacific region is likely to account for a rapid growth rate in the global Food containers market.
The global fatty alcohol market has been divided into five regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. During the projected period, the Asia Pacific food containers market is expected to grow significantly during the aforementioned period. Rising disposable income, rapid urbanization and the demand for western-style diets are supporting the growth of the food containers market in this region. The food packaging market in Asia pacific has grown positively and is expected to grow significantly over the projection period. The rapid expansion of the food processing sector and HoReCa industries in countries like India, Chain and Japan with help of government initiatives will also bolster the growth of food containers in this region. Prime markets in the Asia Pacific region include India, China, Japan, South Korea, Indonesia, Thailand and Taiwan.
Silicone Surfactant – The Novel Efficient Amphiphilic Material
BlogThe silicone surfactants market is projected to witness a compound annual growth rate of 4.94% to grow to US$2,330.536 million by 2027, from US$1,662.669 million in 2020.
Silicone polyether’s, commonly referred to as silicone surfactants, are utilised as emulsifiers, foaming agents, solubilizers, and softeners in a variety of industries. They are also known to give coating compositions levelling, slide, and mar resistant qualities. Surfactants made of silicon, which has a hydrophobic group linked to one or more hydrophilic groups, are new, effective amphiphilic materials. The silicone surfactants market is anticipated to increase as a result of the chemical industry’s global expansion in terms of intellectual property, partnerships, mergers and acquisitions transactions, and other domain expansions. Activities such as emulsifiers, foaming and non-foaming agents, dispersants, and wetting agents, among others, provide the silicone surfactants market significant development potential. According to the Indian Brand Equity Foundation (IBEF), by 2025, the chemical sector in India is projected to have a market value of US$ 304 billion, up from US$ 178 billion in 2019. By that time, the demand for chemicals is projected to have increased by 9% annually.
The rising demand for Silicone Surfactants in paint & coating, construction industry and agriculture
The market is expected to expand as a result of the high demand from the paints & coatings, construction, agricultural, refrigeration, and other industries. By altering features including dispersing, solubilizing, foaming/defoaming, levelling, and photo-stabilizing, silicone surfactants improve the performance of paints and coatings. Additionally, these surfactants are included as a component while making polyurethane foam. This polyurethane foam is used to insulate buildings, commercial buildings, and automobiles. During the projection period, demand for the product will increase due to the growing usage of polyurethane foam in cooling systems or refrigeration.
In the agriculture industry as well the solution of silicon surfactant has an exceptional wetting quality that improves the effectiveness of agrochemical components including insecticides, herbicides, plant growth regulators, and foliar nutrients. It is anticipated that the aforementioned industries would have an increasing demand for the product.
Although, during covid-19 also, customers took precautions to keep the house’s interior spotless throughout the lockdown, the rise in detergents and the soap sector also contributed to the expansion of the silicone surfactants market. As a result, people used more cleaning products, driving up the need for silicone polyether. Additionally, the need for transportation of vaccine storage, medical devices, syringes and injections, diagnostic services, and pharmaceutical equipment has been met thanks to the use of polyurethane foam for insulation. Also, according to the Ministry of chemicals and fertilizers the (WPI) for year 2020-2021 was around 121 which raised by 3 from 118 in 2019-2020 which shows the increase in the price of these products as the demand also raised for them.
The Rising Demand for Surfactants from Several New Applications is Creating Market Opportunities.
Manufacturers of personal care products will increase demand, driving the Silicone Surfactant market. The need for formulations for skincare, hair care, and grooming products is expanding as a result of the rising production of personal care products. A significant trend in the personal care sector is natural products. Cosmetics and personal care items designed to improve skin condition and offer a healthier-looking appearance, as well as rising cosmetics consumption because of customers’ improved lifestyles, have driven up product demand. Moreover, natural surfactants in cosmetics enhance the integrity and functionality of cosmetic formulations as consumers have grown more conscious of the contents in the goods they use at home and on their skin. Customers are prepared to spend a lot of money on natural and organic skin care and cosmetics. As a result, the market is driven by rising demand for these silicone surfactants. So, this market is going to rise as people tend to indulge in personal care which will help in steady growth of the silicon surfactant market.
According to analysts, Asia Pacific held a dominant silicone surfactants market share to witness growth during year-on-year
Based on Geography, the silicon surfactants market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Geographically, Asia pacific is predicted to be the biggest and fastest-growing silicone surfactants market. Numerous cosmetic products, such as leave-on skincare products and a variety of hair care items, include silicones. More people are buying personal and home care products, especially in developing countries like China, Japan, and India. Especially in india where the weddings industry is the fourth largest and people are in large amount in the personal and cosmetics makeup during the wedding season so the growth of this silicon surfactants market is always going to rise and having a potential to become one the growing markets globally.
The Growth of Research & Development in the Healthcare Sector Gives Rise to the Global Organoid Technology Market
Thought ArticlesThe global organoid technology market is estimated to grow at a CAGR of 27.12%.
Organoid technology has several advantages over conventional approaches, including the ability to mimic the near-physiological organ system by restoring many of the structural and functional characteristics of the actual organ as well as to bear significant cellular heterogeneity, similar architecture barriers, and intercellular communication machinery, which can be used to extend direct access for target study.
Researchers now have a platform unlike any other thanks to organoid technology that allows them to study damaged living tissue in the laboratory, something that is hard to do with patients. Before expensive clinical trials are required, it may generate human modeling systems in a petri dish that can be used to design and test drugs. Organoid technology stands out as a significant market, with many technological and commercial achievements in the stem cell and tissue regeneration industries. For instance, Stemcell Technologies and Hubrecht Organoid Technology (HUB) announced a partnership in August 2021 to use tissue-derived organoids, such as intestinal, lung, and liver organoids, in preclinical toxicology screening and non-cancer drug discovery services offered by Stemcell’s Contract Assay Services division.
The rising of research advancements is driving market expansion & market growth for global organoid technology
Research developments in the area are driving the worldwide organoid technology market. Furthermore, it is anticipated that the usage of organoids will rise in the next years as the trend toward customized treatment increases. There were certain active clinical studies with organoids across the world as of now. Due to recent developments in science, it is anticipated that this number will increase in the upcoming years.
Leading biopharma businesses are concentrating on extending the range of their products across various international markets and distribution channels. Some businesses are focusing on working closely with academic institutions to strengthen their industrial research initiatives. On the other hand, just a few firms are focusing on evolving and creating a wide product range by introducing new innovative items which will propel the Global organoid technology market growth.
The growth for research in gene mutation and cancer taken by the researchers will drive the growth of the organoid technology market
The organoid technology market will drive the growing demand for cancer and gene mutation research. Organoids have been employed more and more over the past ten years in a variety of applications, such as disease modeling, pathogenesis, drug screening, and regenerative medicine. This trend is expected to continue throughout the course of the projection period. Organoid technologies have advanced significantly in recent years and are still paving the way for the creation of in vitro physiologic systems that more accurately imitate the origin tissues than traditional methods.
The development of the worldwide organoid market over the course of the assessment period is anticipated to be significantly influenced by the rising emphasis on research and development activities in gene mutation and cancer research. which has given a boost to investment in the organoid technology market and led to growth through its research and development in the healthcare sector itself.
One of the main elements expected to make 3D-organoid cultures an appealing model for uses like stem cell research and precision medicine is their ability to somewhat replicate organ functions. Additionally, the growing use of organoid technology for a variety of uses, including genetic mutation, gene evaluation, and tumor modeling, is anticipated to drive the growth of the global organoid market overall during the course of the assessment period. One of the most common uses of organoids in the next few years is expected to continue to be the evaluation of various illnesses using organoid technology.
The rising spending in research and development for the healthcare sector has led to the growth of the organoid technology market significantly.
The market is anticipated to grow over the course of the forecast period due to rising healthcare research expenditures and other factors including the growth of the biotech sector. Additionally, it is anticipated that the restriction on animal experimentation in some areas and the rising ethical concerns about the use of animal sources would support market growth. However, the lack of progress in organoid technology and strict governmental regulations on a wide range of applications in healthcare may limit the market’s growth due to expensive starting pricing.
The expanding emphasis on oncological research will enhance the need for organoids, which will support market growth throughout the forecast period. For example, Xilis got $70 million in investment in July 2021 to develop its organoid-generation platform for cancer therapy and drug development. The first step in Xilis’ method is to create tens of thousands of copies of a patient’s cancer cells to affect the therapy suggestions that would ultimately destroy those cells from the body. The core of this method, which creates small replicas of tumors from tissue samples from cancer patients, is Xilis’ MicroOrganoSphere technology, or MOS.
During the forecast period, the organoid technology market is expected to grow in north america
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa comprise the global Organoids market segments. In 2019, North America led the worldwide market for organoids. The growth in patients with various diseases, increased investment in R&D, commercialization of organoid models, and stem cell research may all be attributed to this. The greater expenditure in research & development for new and improved pharmaceuticals is expected to cause the Organoids market to grow in North America over the forecast years. The creation of novel organoids is actively supported by organizations like the National Science Fund (NSF), the U.S. FDA, and The Center for Stem Cell and Organoid Medicine, among others.
However, because of its growing emphasis on innovation in the healthcare industry another nation Europe is predicted to take the market by storm. Researchers who are advancing the subject of 3D cell culture are given grants by universities like the Max Plank Institute of Molecular Cell Biology and Genetics which will certainly give rise to R&D in the field which led to the growth of the organoid technology market in the country itself.
The Future of Animal Nutrition: Insects
BlogThe insect animal feed market is expected to grow at a CAGR of 45.45% from an initial evaluated value of US$1,321.92 million in 2021 to reach US$18,202.35 billion in 2028.
Insects are fed to animals as food, whether as pets or cattle and are also used in aquaculture. Due to their nutritional profile, notably their high protein content, a variety of insects can be used as aquaculture feed. Pigs, chickens, and edible fish given an insect-based diet have all been studied. Insects can provide the same amount of protein and essential amino acids as soybean meal in a diet for pigs and poultry. Mealworms, common house fly larvae, and black-soldier flies are among the most frequent insects utilized in animal feed production. Manure and organic trash commonly contain common house flies and black army flies. Growing insects could enhance organic waste and manure management while also providing nutrient-rich sustenance to pets and cattle.
With increased production capacity and R&D in insect-based animal feed products, the insect animal feed industry is expected to rise.
The initial cost of generating insect-based feed components is extremely low. The market for edible insects is growing. As a result, enterprises’ production capacities have increased. Investors realize the economic potential of insect-based animal feed products. Innovafeed, a French startup that produces insects to feed animals, has also become the world’s best-funded insect-farming company, with a new $260 million investment announced in September 2022. Innovafeed’s funds will be used to establish insect farms in the United States and Asia, with the company aiming for up to 20 sites. In the R&D sector, Fera Science opened an insect bioconversion lab on its campus in York, UK in August 2022, as part of its efforts to develop upcycled products, such as feed ingredients for the aquaculture business. The £1 million expansion involves turning an old storage unit on-site into a purpose-built insect research unit, extending Fera’s presence at YBC by almost 2,000 square feet. This professional research and development (R&D) facility will help to accelerate the growth of insect bioconversion to upcycle biomass leftovers into valorized products. As a result, the insect feed business for animals is becoming profitable.
Aquaculture is expected to account for a sizable percentage of the market for insect animal feed.
The market for edible insects is dynamic and driven by a variety of factors. Aquafeed is a viable, protein-rich alternative offered by insect feed. The results of substituting fishmeal in the diets of aquaculture species have been favourable. For instance, Taiyo Feed Mill Pvt Ltd, a pioneer in the manufacture and export of fish feed in India, introduced “BUGS IN,” a line of insect-based feeds for fish and turtles in February 2022. This same idea of a sustainable and healthy fish diet with premium nutrients obtained from black soldier fly larvae is the basis of BUGS-IN fish food (BSFL). It accommodates fish’s regular eating routines as though they were in their native environment. Bioactive peptides with anti-inflammatory, hypoallergenic, and antibacterial activities are also present in the larvae. Companies that produce insect proteins are likewise making amazing strides and profiting from their potential for sustainability and waste conversion. For instance, In March 2022, the Singapore-based alternative protein company INSEACT held a ceremony to formally open the doors to its facility in Singapore. Investors and business partners also attended. Insect protein production for aquaculture is a speciality of INSEACT, which began with shrimp farming. It feeds the insects by using waste from palm oil production as a basic material. By diverting waste streams from the manufacturing of palm oil away from carbon-emitting landfills to be bio-converted by insects, its cutting-edge method enables a truly circular economy.
In the market for insect animal feed, mealworms are the most prevalent type of insect feed.
The main factors driving mealworm demand are their high nutritional content and low risk of zoonotic illnesses. They provide an alternative to conventional sources of animal protein that is more environmentally friendly. Additionally, the excrement that animals produce after consuming mealworms can be used as a wonderful organic fertilizer. The mealworms category is therefore expected to account for a sizable share of this market. For instance, in March 2022, Nebraska-based Jord Producers was added to Ÿnsect’s production portfolio, marking the arrival of the world leader in the North American mealworm industry. During the pandemic, Americans spent more time at home, which significantly increased the backyard chicken industry. The purchase of Jord Manufacturers, one of the largest mealworm producers in the US, signifies Ÿnsect’s entry into the backyard chicken feed industry.
Asia Pacific is anticipated to experience rapid growth during the projected period.
Due to the increased demand for goods derived from insects for animal feed and cattle husbandry, the market in the Asia Pacific is expected to grow quickly. End-use sectors like pet food and feed, livestock, and aquaculture are growing in the Asia Pacific area, which benefits the market for insect animal feed. For example, Protenga, a pioneer in the transition to a sustainable, circular, and regenerative food system, closed a US$2 million venture debt facility in March 2022 with a syndicate of Singapore-based investors to develop its next-generation production facilities and launch YumGrubs, its Pet Food brand. In Malaysia, Protenga will introduce its next generation of Smart Insect Farms, which will convert organic by-products into high-value protein and organic fertilizer. The expansion is intended to address South East Asia’s rapidly expanding demand for insect-based components for the pet food, aquaculture, and animal feed markets. The company is carrying out its ambitions to make insect farming accessible and profitable as a foundation for replication and regional expansion to become South East Asia’s largest insect company. In addition, India accounts for a sizeable percentage of the market for insects used as animal feed. Black soldier flies are the insect species whose market for edible insects used as animal feed is expanding at the quickest rate in the area. A significant number of new start-ups that focus on breeding and producing items using insects have also been established in India. For instance, the biotechnology start-up Loopworm established in 2019, based in Bengaluru, processes an astounding 50 tonnes of food waste each day to provide premium feed for Black Soldier Fly (BSF) worms. Animal feeds and pet diets utilize the protein that has been extracted from the insects as a primary ingredient.
Hybrid Seed Market Expansion to Address Global Hunger
BlogThe hybrid seeds market is expected to grow at a CAGR of 09.19% from an initial evaluated value of US$20.16 billion in 2021 to reach US$37.302 billion in 2028.
A hybrid is created by crossing two different varieties of the same plant. The crossing is the process of moving pollen from one plant’s male flower to the female floral parts of another plant. When the female flower’s ovary is pollinated, it begins to enlarge and generate fruit. The seeds that develop inside the fruit are hybrid. Disease resistance, increased flavour or production, earlier maturation, and other characteristics are common in hybrid seeds. Different features are beneficial for various crops. In general, hybrid seeds can be expected to produce more than open-pollinated seeds. Hybrid seeds are widely used in commercial farming, particularly to boost crop yields. Flower and vegetable hybridization is quite popular. Roses, tomatoes, and sweet corn, in particular, are commonly cross-bred to create hybrid varieties.
The rising demand for fruits and vegetables is likely to boost the hybrid seed market forward.
Fresh fruits, vegetables, and other crops are in increased demand as the general public’s concern for personal health grows. Customers’ acceptance of healthy diet changes contributes to this demand. The United Nations (UN) General Assembly declared 2021 the International Year of Fruits and Vegetables to enhance awareness of the nutritional and health benefits of fruits and vegetables, as well as their contribution to a balanced and healthy diet and lifestyle. It also seeks to raise awareness of the need to reduce losses and waste in the fruit and vegetable sector (UN, 2020) while improving environmental results. Action is required at the national level to boost fruit and vegetable production and consumption, as well as make them more economically available to consumers while producing economic, social, and environmental benefits following the Sustainable Development Goals. Due to rising food supply demand, rising health awareness, and the desire to boost food supply yields, it is predicted that the hybrid seeds market would rise rapidly throughout the forecast period. For instance, the fourth annual Pragati Diwas was hosted by Bayer’s Vegetable Seeds division at its massive breeding facility in Chikaballapur, close to Bengaluru in January 2021. At the exhibition, 14 different fruit and vegetable crops including tomatoes, hot peppers, watermelon, cabbage, cauliflower, cucumber, and beans were represented by more than 120 high-yielding hybrid seeds. In-depth talks on issues like selecting the best hybrid seed based on regional growing circumstances, integrated crop management from seed to harvest, and the best procedures for disease and pest management were had with farmers by Bayer agronomists.
The increased demand for food items in India is attracting market participants.
The Food and Agricultural Organization (FAO) projects that the population of India will increase to 8.19 billion by 2025 and 8.55 billion by the end of 2030, highlighting the necessity of increasing productivity and production to satisfy the changing demands of consumers. Farmers are being forced to use hybrid seeds as a result of the rapid population growth to increase yield. Given the rising need for food items, the major players are concentrating more on India to keep their products on the market. For instance, four hybrid seeds were purchased from Bayer CropScience in November 2021 by Crystal Agricultural Protection Limited, an Indian R&D-based crop solution company. By making this purchase, Crystal Crop Protection and Bayer have entered into a contractual agreement for the purchase of hybrids of cotton, mustard, pearl millet, and grain sorghum in India. Crystal expects this acquisition to boost its field crops seed business since it delivers strong brands and R&D capabilities. The provision of high-performance seeds for the sustained growth of Indian agriculture is made possible by this acquisition.
Innovations and new product development will usher in a new era of market expansion.
In the hybrid seed market, new product improvements have emerged as a prominent trend. As the demand for food goods rises, the market’s top players are focusing more on innovation to keep their products competitive. Ankur Seeds has been working systematically to develop effective, need-based solutions, aiming for much-needed yield improvements of up to 50% while using fewer inputs, paving the door for farmers to achieve significant economic returns. In addition, okra, also known as Bhendi Moench, is presently the most important vegetable crop farmed in the Indian subcontinent. The crop is also gaining appeal among vegetable eaters worldwide. Keeping in mind that innovation is always crucial to driving the future, Advanta, India’s number one okra seed business, has released a new red okra hybrid named KUMKUM. Kumkum is high in nutrients and is used in traditional markets as a fortified okra. Kumkum has received a positive response from consumers in fresh produce marketplaces. Kumkum is an appealing value proposition for farmers and value chain partners because of its incremental return on investment. Many crops already use hybrids, but wheat and the manufacture of hybrid wheat seeds is complicated. To feed an expanding population, the wheat yield must be greatly increased. Both public and private breeding projects for hybrid wheat, such as the one at BASF, are required to achieve this. BASF will launch Ideltis, its new brand name for hybrid wheat seeds, in June 2021. It displays the company’s dedication to preparing wheat for long-term prosperity through inventive hybridization. BASF’s hybrid wheat is designed to provide farmers with higher and more consistent yield and quality performance to develop one of the world’s most important crops.