Agricultural Disinfectant Market: Asia Pacific to Create Potential Growth Opportunities

The global agricultural disinfectant market is consolidated with the top two players namely the Dow Chemical company and The Chembours company collectively accounted for a massive 55% of the total market in 2015, states a new report by Transparency Market Research (TMR). Players within this market are actively engaged in collaborating their research efforts so as to strengthen their foothold in the agricultural disinfectants market. A case in point would be the Dow Chemical company. In 2015, Dow Agro Sciences collaborated with Radiant genomics for carrying out research and development activities with major focus on developing products that are natural and can be used for the protection of crops without any side effects.

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According to the report by TMR, the global agricultural disinfectant market will be worth US$2.5 mn by 2024 expanding at a CAGR of 4.4% from 2016 to 2024. On the basis of application, the land segment was leading in 2015. Also, this segment is anticipated to continue to show a high potential of growth throughout the forecast period. On the basis of form, the agricultural disinfectant market will be led by the liquid segment which accounted for a massive 48.5% in 2015. This segment is further expected to expand at a 4.9% CAGR between 2016 and 2024 on account of the low cost, growing demand, and easy availability of liquid agricultural disinfectants.

Livestock Farm Segment to Generate Maximum Revenue in Agricultural Disinfectant Market

On the basis of geography, Asia Pacific is estimated to expand at the fastest pace exhibiting a CAGR of 5.6% between 2016 and 2024. North America held the dominant position in 2015 accounting for 33.23% of the total market. On the basis of end use, it is expected that livestock farms will lead in the market by revenue. Closely following the footsteps of livestock farms will be the agricultural farms segment.

Need To Prevent Outbreak of Diseases among Meat Producing Animals to Fuel Adoption of Agricultural Disinfectants

According to the lead author of this report, the growing demand for meat and meat products across the world is one of the key factors behind the growing demand for agricultural disinfectants. Maintaining the health of meat producing animals such as cattle and poultry has gained immense popularity, and this has led to the growth of the cleaning and disinfecting livestock farm products in order to prevent outbreak of diseases among animals. Thus, there has been an increase in the focus on routine and regular cleanliness among farmers, which is fuelling the use of effective agricultural disinfectants.

Improper Use of Agricultural Disinfectants Result In High Wastage Rate and Discourage Future Adoption

One of the key factors restraining the growth of the agricultural disinfectant market is the low awareness among farmers across under developed nations. In addition to this, lack of sufficient knowledge regarding the proper use of disinfectants has also resulted in lower adoption rates. Improper use of disinfectants has resulted in high wastage rate which has also discouraged farmers from using agricultural disinfectants. The possible harmful effects of using disinfectants are also one of the reasons why farmers refrain from using agricultural disinfectants. On a bright note however, the market for agricultural disinfectants is receiving an impetus from Asia Pacific which holds vast untapped potential especially in countries such as India and China, wherein players have been focusing of late. The rise in disposable income and growing demand for meat products in Asia Pacific is anticipated to create growth opportunities for agricultural disinfectant market.

This review is based on the findings of a TMR report titled "Agricultural Disinfectant Market (Form - Liquid, Powder, Gels, and Granules; Application - Land, Water Sanitizing, and Aerial; End Use - Agricultural Farms and Livestock Farms) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."

Global Agricultural Disinfectant Market, by Forms

• Liquid

• Powder

• Others(Gel, Granules)

Global Agricultural Disinfectant Market, by Application

• Land

• Water Sanitizing

• Aerial

Global Agricultural Disinfectant Market, by End Use

• Agricultural Farms

• Livestock Farms

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