Accustomed as we are now to traditional gas-powered cars, it’s evident that a new era is on the horizon. With market analysts from BCC Research predicting a compound annual growth rate (CAGR) of 25% for the electric and fuel cell vehicles market from 2022 to 2027, it appears the electric vehicle (EV) will finally have its heyday.

The plant-based protein market has garnered considerable traction in the past decade. With the Good Food Institute reporting an increase in the sales of vegan food by 54% from 2018 to 2021, it’s evident the demand for plant-based protein sources has been significant.

As the conversation around sustainable products continues to be a growing trend, the demand for flexible green packaging is set to increase from $223.3 billion in 2021 to $317.6 billion in 2027 at a compound annual growth rate (CAGR) of 6.2%.

With the rising concerns around our planet and our consciousness to be more sustainable, the solar energy market is set to increase steadily through to 2027. Sustainable bioenergy is the future, not only for the climate, but for the economy also.

From increasingly sophisticated sports watches to the commercial adoption of smart eyewear, wearable computing’s potential should not be ignored. Although widely considered supplementary to the cell phone, wearables have the possibility to transform our everyday lives.

The proliferation of technology continues to permeate almost every aspect of human existence – as does the growing number of cyberattacks taking place globally. These threats are giving rise to the virtual private network (VPN) market, valued at $32.7 billion in 2021, and estimated to grow at a compound annual growth rate of 15.2% by 2027.

The global market for smart city technologies is on track to break through the $1 trillion barrier this year. In fact, as information and communication technology continue to converge, the market is set to surpass annual revenues of $2 trillion by 2025!

Until 2020, face masks were pieces of personal protective equipment most often seen in professional settings, such as hospitals or in workplaces where harmful dusts and chemicals are used. Once the pandemic hit, governments globally ramped up the production of face masks to enable citizens to be able to wear masks to help prevent the spread of COVID-19.

Once upon a time, a non-alcoholic drink option consisted solely of fizzy soft drinks, sugar-laden mocktails, or the occasional low-ABV beer. However, as global citizens become increasingly health conscious, and ‘sober curious’ trends continue to rise, the non-alcoholic beverage market is thriving.

Synthetic biology has established itself as a vital component of the life science industry in recent years. Combining principles of engineering with molecular biology, synthetic biology has achieved immense worldwide success. So much so, that by 2026, the market is expected to achieve a compound annual growth rate of more than 28% by 2026.