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The global agriculture analytics market size is projected to grow from USD 0.8 billion in 2020 to USD 1.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. Unlock the potential of urban farming, and growing trend of digitization and risk assessment would drive the adoption of agriculture analytics solutions. Rising demand to improve agricultural supply chain management due to COVID-19 pandemic, are also expected to drive the market growth. However, lack of standardization practices is one of the factors hindering the market growth. The objective of the report is to define, describe, and forecast the agriculture analytics market size based on component, application areas, farm size, deployment mode, and region.
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The global cell culture market is projected to reach USD 33.1 billion by 2025 from USD 19 billion in 2020, at a CAGR of 11.8% during the forecast period.
The growth of this market is majorly driven by the growing awareness about the benefits of cell culture-based vaccines, increasing demand for monoclonal antibodies (mAbs), funding for cell-based research, growing preference for single-use technologies, and the launch of advanced cell culture products. On the other hand, the high cost of cell biology research and the lack of proper infrastructure for cell-based research activities are the major factors restraining this market s growth.