The Agricultural Microbials Market was worth USD 2.50 billion in 2016 and estimated to be growing at a CAGR of 15.25%, to reach USD 5.08 billion by 2021
According to the report Global Agricultural Disinfectants market, published by Market Data Forecast, the Market was worth USD 1.71 billion in 2016 and is expected to reach USD 2.05 billion by 2021 with a CAGR of 4.3 %. The market is showing evident potential during the forecast period.
Agricultural Disinfectants are compounds used on crops or animals to protect them from infections. Disinfectants work by interfering with cell wall of microorganisms and disrupting the metabolism.
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Some of the factors like increase in demand for animal products, development of vertical farming and greenhouse vegetable production and increasing number of diseases among livestock are driving the market for Agricultural disinfectants. However, factors like high cost of disinfectants, lack of awareness about disinfectants in farmers are restraining the market.
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Market is segmented based on Type, Application Area, Form and End Use. Based on Type, market is segmented into Hypochlorites & Halogens, Quaternary Ammonium Compounds & Phenols, Oxidizing Agents & Aldehydes, Others.
Based on Application Area, market is segmented into Surface, Aerial, Water Sanitizing. Based on Form, market is segmented into Liquid, Powder, Others.
Based on End use, market is further segmented into Livestock farms, Agricultural farms. By type, Quaternary Ammonium Compounds & Phenols is increasing at the highest CAGR owing to the penetration power of phenol.
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Geographically, market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. North America dominates the market globally because of the investments of key players in research and development.
Asia-Pacific market is expected to increase at the highest CAGR owing to the adoption of advanced agricultural practices to increase crop quality and crop productivity.
Major players in the market are The Chemours Company, Zoetis, Nufarm Limited, The Dow Chemical Company, Neogen Corporation, Stepan Company, Thymox Technology, FINK TEC GmbH, Quat-Chem Ltd., and Entaco NV
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