These Eight New Industries Are Sweeping The Markets In 2020! (3 of 3)

High Technology Earth Imagery Services

Our quest for what lies beyond the earth is never-ending. Especially in America, the private sector of the space industry is accelerating as rates to send a rocket into space isn’t as high as it used to be and launch vehicles are readily available.

The need for a launch vehicle was a very likable market considering the commercial advancement of the sector. This type of use of electronics has enabled a new wave of hobbyists and the younger generation to attempt to reach the orbit of the earth.

The USA happens to be one of the world’s largest production channels of data collected from the satellite. And experts can foresee an increase in demand for imagery services of the earth by a first responder, scientist, and farmers.

SpaceX and Blue Origins have become a household name as they are bringing the global rocket launch value close to hundred per year! Even though such endeavors are common now, hitching rides on top of the rockets are an expensive affair. And the high-resolution imagery sector heavily relies on this service.

Liabilities in terms of launch failure are a downside as there is not a lot of guarantees when it comes to this sector. It is a risk that needs to be undertaken and has no way around.

Major U.S. companies with firm footholds in this observation industry include Planet Labs, Capella Space among others. And in the international sphere, we have Italy’s GEOS and Japan’s Perspective.

Despite the high-risk factors, investments made for the space technology is growing and has reached $2.27 billion in the last year from about $2.6 million a few years ago in 2011 as per data provider for this sector, PitchBook.

Eco-Friendly Consumer Goods

Last year saw a substantial increase in a boycott of plastic straws. #savetheturtles was trending and everyone was talking about it. This is the best time for the development of cutting edge solutions to recyclable, compostable and reusable products. With that, many high-tech startups started developing a wide range of sustainable household products.

Climate crisis left the masses alerted and a need for innovative solutions to the plastic was born. With most states boycotting one-time use plastic, the government is taking multiple measures to assure the reliance on plastic is reduced with mostly positive results. Consumers are also sensitive about finding less polluting alternatives to the plastic with a heavy focus on plant-based materials.

Sustainability is an issue that doesn’t have a way around. There exist no cheap and easy solutions to these issues but since plastic dominates such a huge chunk of this market, there exist multiple entryways.

There also is a segment of customers who turn a deaf ear to the climate change consciousness drive and are unwilling to pay a high price for eco-friendly variables. That can pose great difficulty as biodegradable substances require expensive resources. Another hurdle to this sector is the high carbon emissions produced during the production of these eco-convenient products.

Since the market is so huge, there are scattered pockets of competition, Abeego being one of them. They offer beeswax-based alternatives to cling wrap and other startups like Stasher are revolutionizing silicon storage bags which are heat resistant and dishwasher safe. From cleaning product leaders like Truman or E6PR providing wildlife-friendly beer rings, multiple innovative products are catering to this growing need, to BioCellection and Kiverdi coming up with ways to help the plastic breakdown process while recycling the plastic into new materials.

Estimating around $486 billion in the US, the bioplastic industry is promising according to IBISWorld. Bioplastic is made from corn which is a renewable material and the annual growth rate was at 2.1% since 2014. CB Insights has considered this movement towards sustainable goods in the CPG industry as something that should be watched in 2020.