Agricultural Disinfectants Market Size and Growth Value:
Agricultural Disinfectants Market was worth USD 1.86 billion in 2018 and is expected to reach USD 2.30 billion by 2023 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. Unlike Sterilization or biocides, disinfectants don’t kill all types of life which is why they are more useful in Agriculture.
Market Key Factors:
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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Detailed Segmentation of the Agricultural Disinfectants Market
The market is segmented as By Form, By Type, By Application, and By End User. The segment by form is sub categorized into Liquid and Powder. By Type is sub categorized into Hypochlorite’s & Halogens, Quaternary Ammonium Compounds & Phenols, and Oxidizing Agents & Aldehydes. By Application segment is classified under three sub categories like Surface, Aerial, and Water Sanitizing. By End-Use is sub classified into Livestock Farms, and Agricultural Farms.
Market Geographical Analysis:
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.
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Prominent Market Players:
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.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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