Global Agricultural Disinfectants Market To be Driven By Development of Greenhouse Vertical Farming

2016-12-12
Published : Dec-2016

The market for agricultural disinfectants is growing at a telescopic pace worldwide. The major driver is the demand for meat products from the China and India. The marketplace for agricultural disinfectants in all these areas is predictable to display substantial results due to snowballing R&D for improvement of disinfectants in the regions for enhancing the efficacy and quality of disinfectants and will augment the development of this market. Furthermore, importance on refining performance, decreasing functioning outlays, upholding governing standards, growing the demand to safeguard crop protection is influencing the market for global agricultural disinfectants.

Progress of vertical farming and greenhouse vegetable cultivation together with intensifying number of infections amongst livestock population are key drivers of the agricultural disinfectants market globally. The global market is escalating and is continually evolving in a number of regions. The prospect in the global agricultural disinfectants market was secured at US$1.7 billion in 2015. This is predicted to rise to US$2.5 billion by 2024, escalating at a CAGR of 4.4% therein.

Liquid agricultural disinfectants apprehended a top share in the market in 2015 due to their soluble nature, low cost, and easy accessibility. Furthermore, these liquid agricultural disinfectants are being engaged in agricultural farms for guaranteeing improved yield of crops. Agricultural disinfectants are being more actively used in livestock farms than agricultural farms. This is because of the growing demand for meat products and the necessity to make the safety of livestock a high priority. But, the potential harmful properties of agricultural disinfectants have also led to businesses abstaining from taking on new projects. This is likely to hamper the overall market in the coming years if all the problems are not dealt with immediately.

North America headed the global agricultural disinfectants market in 2015 and constituted a share of over 33%. This is due to the snowballing demand for better quality meat products and the increasing count of livestock in this area aiding the growth of agricultural disinfectants. Europe followed North America and seized the second position in the market, while Asia Pacific is slated to experience the most growth opportunities in the market in the forthcoming years owing to the collective prospects presented by developing nations. Bearing in mind the fact that Asia Pacific enjoys enormous unexploited potential as much as the agricultural disinfectant market goes, companies in this market have been lately concentrating on countries such as India and China.

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