Demand for Agricultural Disinfectants to Grow as Consumption of Meat Increases

Albany, NY -- (SBWire) -- 07/30/2018 --The global agricultural disinfectant market is dominated chiefly by The Dow Chemical Company and The Chemours Company. Companies within the market are joining hands so as to carry out combined research endeavours for achieving their goals, states Transparency Market Research (TMR) in a research report. The global agricultural disinfectant market is anticipated to be worth US$2.5 bn by 2024.

On the basis of premise of form, this market is segmented into powder and liquid. The liquid agricultural disinfectants is expected to expand at a 4.9% CAGR between 2016 and 2024. The land segment led the market for agricultural disinfectant and is anticipated to continue to expand at a rapid rate throughout the forecast period. On the basis of geography, the market is anticipated to witness fastest expansion in Asia Pacific, exhibiting a 5.6% CAGR from 2016 to 2024. In terms of end use, the market is led by livestock farms, followed by agricultural farms.

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Agricultural Disinfectant Market: Snapshot

The global market for agricultural disinfectants has been expanding at a steady pace across most regions, driven primarily by the rising demand for meat products in India and China. The rapid growth of the agricultural disinfectant market is also attributed to the increase in research and development activities in order to improve the quality as well as efficacy of disinfectants.

There has been a growing emphasis on minimizing operating expenditure, improving performance, ensure crop protection, and adhering to regulatory standards. The development of greenhouse vegetable production and vertical farming are also considered to be key drivers in the global agricultural disinfectants market. The market is expected to grow from a value of US$1.7 bn in 2015 to US$2.5 bn by 2024, at a CAGR of 4.4% therein.

Livestock Farms Surpass Agricultural Farms in terms of Demand

By form, the agricultural disinfectant market has been divided into liquid, powder, and others, such as gels and granules. The liquid agricultural disinfectants segment captured the leading share in 2015 due to their easy availability, low cost, and soluble nature. Liquid agricultural disinfectants are used in agricultural farms to ensure better crop productivity and in the drinking water of the livestock.

Based on application, agricultural disinfectants are used on land, in the water, and in the air. The application of these disinfectants is most common on land, followed by the water sanitizing and aerial segments.

On the basis of end use, agricultural disinfectants are used in agricultural and livestock farms. Livestock farms surpass agricultural farms in terms of demand owing to the rising demand for meat products and the need to ensure the safety of the livestock. Farmers are especially concerned about newborn livestock as they are increasingly vulnerable to diseases.

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Rising Emphasis on Routine Cleanliness to Fuel Demand for Agricultural Disinfectants

The growing emphasis on routinely cleanliness and the use of powerful disinfectants is boosting the demand for agricultural disinfectants. The rising need to sterilize or remove harmful organisms so as to ensure complete food security will drive the growth of the global agricultural disinfectants market. Advanced technological developments in agriculture making vertical farming and green house production of fruits and vegetables possible will also fuel the growth of the global agricultural disinfectants. The use of disinfectants on livestock will also bolster the demand for agricultural disinfectants. "The high increase in the consumption of meat is behind the growth of this market," states a TMR analyst. Moreover, the growing incidences of diseases among the livestock population will boost the demand for agricultural disinfectants.