Persistence Market Research

Global Silage Additives Market to Register Substantial Expansion by 2024

Subtitle: The Silage Additives Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.


New York City, NY -- (SBWIRE) -- 03/08/2017 -- Global Silage Additives Market: Dynamics

Silage additives plays a very important role in longer and improved preservation and stabilization of silage. As compared to conventional hay production and preservation, silage additive enables stability of silage for longer period (up to 5 yrs.), reduce nutrient loss (up to 10% from 30%), economical use of plants, and effective use of land (2-3 crops annually). It can be cultivated both in cold and cloudy weather.

Upsurge in demand for improved animal feed in livestock industry and effective use of land, cereal plants in agriculture are the crucial factors boosting the demand for global silage additives market. Also the high demand for meat promotes livestock industry, which in turn, propels the global silage additives market.

The two major issues while making silage is shrinkage (i.e. dry matter losses) and aerobic spoilage while heating. Dry matter losses take place during the three main stages of silage preservation, aerobic respiration stage after cutting, anaerobic fermentation stage after sealing, and the aerobic feed-out stage after the silo is opened. This is the major problem in the silage preservation process that affects the demand of silage additives. Currently, the consumers are more focused on final quality of silage where silage additive plays important role.

Global Silage Additives Market: Region-wise Outlook

North America and Europe are expected to remain key regions in the global silage additives market throughout the forecast period and the U.S. silage additives market is expected to grow relatively fast over the forecast period. In the U.S., bacterial inoculants account for a significant share in overall silage additives market. Silage additives market in Asia-Pacific is also expected to grow relatively fast over the forecast period.

Latin America and Middle East and Africa are expected to show relatively low growth for silage additives market.

Global Silage Additives Market: Market Participants

Examples of some of the market participants involved in the manufacture of silage additives include Schaumann BioEnergy GmbH, DSM N.V., Selko Feed Additives, Volac International Limited, ADDCON GmbH, Evonik Industries AG, Cargill Inc., Novozymes A/S, BASF SE, Chr. Hansen Holding A/S ADM Animal Nutrition (division of Archer Daniels Midland Company), ForFarmers, and LALLEMAND Inc. among others.

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