The MRFR report suggests that the global market for agricultural disinfectants is projected to register significant growth over the assessment era.
Agricultural disinfectants offer prevention from infection by killing bacteria. It inhibits, eliminates, or destroys the growth of harmful microorganisms. The global market for agricultural disinfectants has registered praiseworthy growth in the late years. The ETD market's growth is principally ascribed to the constantly growing population across the globe. Furthermore, the environmental constraints, deterioration of water quality, and water shortages across the globe are also likely to boost the growth of the global agricultural disinfectants market over the assessment timeframe. Moreover, the growing demand for meat products and a ban on the use of antibiotics in animal feed are also projected to enhance the market's growth over the evaluation era. On the other hand, the side effects associated with the overuse of these disinfectants are anticipated to impede the agricultural disinfectants market's growth.
Agricultural disinfectants market outlook 2021, is expected to grow USD 4.18 billion at a CAGR 4.10% during the forecast period 2021-2030.
Segment Analysis
The agricultural disinfectants market has been split into numerous segments based on end-use, type, application, form, and region.
Based on type, the global market for agricultural disinfectants is divided into oxidizing agents & aldehydes, hypochlorite’s & halogens, quaternary ammonium compounds & phenols, and others.
The agricultural disinfectants market is fragmented into liquid, powder, and others based on form.
Based on application, the agricultural disinfectants market is split into water surface, sanitizing, aerial, and others.
The global market for agricultural disinfectants is divided into livestock farms and agricultural farms by end-user.
Competitive Analysis
The global market for agricultural disinfectants is known for the presence of a vast number of players across the globe. The market has lucrative opportunities to offer to the market players; thus, plenty of new entrants are entering the global market. The players are focused on growing their global reach and are implementing several growth policies. The listing of prominent players in the global market for agricultural disinfectants includes The Chemours Company (U.S.), Neogen Corporation (U.S.), Zoetis (U.S.), Stepan Company (U.S.), Thymox Technology (Canada), The Dow Chemical Company (U.S.), Nufarm Limited (U.S.), and several others.
Regional Analysis
The global market for agricultural disinfectants is studied across five major regions, including South America, Asia-Pacific, Europe, North America, and the Middle East & Africa.
As per the MRFR reports, the North American region is estimated to lead the global agricultural disinfectants market insight over the forecasted era. Countries like Canada and the U.S. are the major growth contributors across the regional market. The growth of the regional market is attributed to the growing livestock diseases.
The European region is expected to ensure the second place globally. The regional market's growth is attributed to the rapid growth in the agriculture sector.
The Asia-Pacific regional agricultural disinfectants market is expected to display stable growth over the upcoming years. The regional market's growth is attributed to the increasing awareness among the population. Moreover, the raised demand for meat products in evolving countries is expected to catalyze the regional market's growth over the forecasted period.
The Middle East & African regional market for agricultural disinfectants is anticipated to experience steady growth over the assessment era.
Recent Developments
- December 2021 – Ancom Crop Care Sdn Bhd, a fully owned subsidiary of Ancom Bhd, has announced that it is entering into various share sale agreements to acquire an 80% stake in Vemedim Sdn Bhd and Shennong Animal Health (Malaysia) Sdn Bhd for RM23.92 million cash.
- June 2021- a publicly traded life science enterprise, AREV Nanotec Brands, and a leading sanitizing and disinfecting company, Germinator, have announced the signing of an agreement that will support internally displaced persons (IDPs) and refugees via Central and South America, Africa, eastern Europe, and Asia.
- November 2021 – an innovative bioscience company is delivering solutions that benefit people and the planet, Boon Industries, Inc. happily announced that numerous purchase orders had been achieved for the commercial agricultural industry in California as the company introduced its BIODOX brand product line.
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