The
global agricultural disinfectant market is highly competitive with
the presence of numerous regional as well as multinational companies,
says Transparency Market Research (TMR) in a research report. To
establish a distinctive role in the market and strengthen their
position, players are engaging in strategic collaborations and
agreements and are raising research efforts simultaneously. For
instance, a branch of the Dow Chemical Company, Dow Agro Sciences
signed an agreement with Radiant Genomics for the purpose of carrying
out research and development activities to develop natural crop
protection products. The top three companies, The Dow Chemical
Company, The Chemours Company, and Zoetis accounted for a collective
share of over 71% in the global agricultural disinfectant market in
2015.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16355
According
to a TMR analyst, “The opportunity that pegged in 2015 in the
global agricultural disinfectant market was US$1.7 bn.” It is
expected to rise at a steady 4.4% CAGR from 2016 to 2024 touching a
valuation of US$2.5 bn by the end of 2024.
Popularity
of Liquid Agricultural Disinfectants to Overrule Market
Based
on form, in 2015, the global agricultural disinfectant market was
dominated by the segment of liquid of agricultural disinfectant with
a share of 48.5% in the same year. The segment is projected to
account for a share of 50.7% by 2024, thus maintaining a lead. The
extensive consumption of liquid agricultural disinfectant can be
attributed to the high demand for it due to cost effectiveness, easy
availability, and application on both agricultural land and the
drinking water of the current livestock. Liquid agricultural
disinfectant was followed by powder agricultural disinfectant owing
to its high use for cleaning purposes in livestock farms. Based on
application, the market was dominated by the land segment in 2015 and
is likely to maintain a lead until 2024.
In
terms of geography, the global disinfectant market was dominated by
North America in 2015 with a market share of 33.23% in the same year.
Europe held the second place after North America in 2015.
Development
of Vertical Farming and Greenhouse Vegetable Production to Boost
Adoption
Growing
development of vertical farming methods along with rising greenhouse
vegetable production techniques has triggered growth in the global
agricultural disinfectant market. This has further led to a rise
in the applications of disinfectants in crops for enhanced production
and to ensure food security as well. Moreover, ensuring proper health
of livestock is gaining traction across the globe owing to the
growing demand for meat products. Thus, it is important to protect
the livestock population from diseases through proper employment of
disinfectants in drinking water, yards, and surface. Routine
cleanliness, daily removal of manure, and use of proper disinfectants
provide enhanced results regarding the health of the livestock
population. The impact of this driver is thus significantly high as
compared to others.
However,
there has been a recent downturn in the agricultural disinfectants
market due to the harmful after effects of the products in
circulation in the market. This is negatively impacting the growth of
the market. Disinfectant manufacturing companies are at present
refraining from adopting new projects owing to the harmful
application results arising due to the lack of awareness and
knowledge among farmers regarding their proper use and employment of
correct methods. This issue is expected to be addressed by the
growing initiatives by governments and companies to spread awareness
among farmers and educate them about the proper use of agricultural
disinfectants.
This
review is based on a Transparency Market Research report titled,
“Agricultural Disinfectant Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
Global
Agricultural Disinfectant Market, by Forms
- Liquid
- Powder
- Others(Gel, Granules)
Global
Agricultural Disinfectant Market, by Application
- Land
- Water Sanitizing
- Aerial
Global
Agricultural Disinfectant Market, by End Use
- Agricultural Farms
- Livestock Farms
No comments:
Post a Comment