Compound Feed Market - Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

 

Compound Feed Market Outlook

The compound feed market is projected to reach USD 771.87 billion by 2030, according to a new report by Grand View Research. The market is expected to grow at a CAGR of 4.7% during the forecast period, driven by the rising demand for animal protein, the increasing popularity of aquaculture, and the growing concerns about animal health and welfare.

Compound feed market size is a type of feed that is specifically formulated to meet the nutritional needs of different animal species. It is made from a variety of ingredients, including grains, proteins, vitamins, and minerals. Compound feed is typically more nutritious than traditional feeds, such as hay and straw, and it helps to improve the growth, health, and productivity of livestock.

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The global demand for animal protein is rising due to the growing population and the increasing affluence of consumers in developing countries. This is driving the demand for compound feed, as it is essential for the production of healthy and productive livestock.

Aquaculture is another major driver of the compound feed market. The global aquaculture industry is growing rapidly, as it is a more sustainable way to produce animal protein than traditional livestock farming. Compound feed is essential for the growth and development of fish and shrimp in aquaculture.

The growing concerns about animal health and welfare are also contributing to the growth of the compound feed market. Consumers are increasingly demanding that animals be raised in a humane and sustainable manner. This is driving the demand for compound feeds that are formulated with high-quality ingredients and that do not contain harmful chemicals.

The compound feed market outlook is segmented by animal type, product type, and region. The animal type segment is further divided into poultry, ruminants, swine, aquaculture, and others. The poultry segment is the largest segment, accounting for the majority of the market share. This is due to the high demand for poultry meat, eggs, and feathers.

The product type segment is divided into medicated and non-medicated compound feed. The medicated compound feed segment is expected to grow at a faster rate during the forecast period, due to the increasing prevalence of diseases in livestock.

The regional segment includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for compound feed, followed by North America and Europe. The growth of the Asia Pacific market is driven by the growing demand for animal protein in countries such as China, India, and Indonesia.

The compound feed market is highly competitive, with a number of major players operating in the market. Some of the key players include Cargill, Archer Daniels Midland, Tyson Foods, Land O’Lakes, and Nutrien. These companies are constantly innovating and developing new products to meet the growing demand for compound feed.

The compound feed market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is expected to witness significant growth in the Asia Pacific region, due to the rising demand for animal protein in the region.

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Starter Feed Market - Increasing Focus on Animal Health and Welfare to Support Growth

 

Starter Feed Market Outlook

The starter feed market is projected to reach USD 82 billion by 2032, according to a new report by Global Market Insights Inc. The market is expected to grow at a CAGR of 8.5% during the forecast period, driven by the rising demand for animal protein, the increasing popularity of aquaculture, and the growing concerns about animal health and welfare.

Starter feed is a type of feed that is specifically designed for young livestock and poultry. It is formulated to provide the essential nutrients that these animals need for their growth and development. Starter feed is typically high in protein, fat, and vitamins, and it may also contain probiotics and other supplements.

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The global demand for animal protein is rising due to the growing population and the increasing affluence of consumers in developing countries. This is driving the demand for starter feed, as it is essential for the production of healthy and productive livestock.

Aquaculture is another major driver of the starter feed market. The global aquaculture industry is growing rapidly, as it is a more sustainable way to produce animal protein than traditional livestock farming. Starter feed is essential for the growth and development of fish and shrimp in aquaculture.

The growing concerns about animal health and welfare are also contributing to the growth of the starter feed market. Consumers are increasingly demanding that animals be raised in a humane and sustainable manner. This is driving the demand for starter feeds that are formulated with high-quality ingredients and that do not contain harmful chemicals.

The starter feed market is segmented by animal type, product type, and region. The animal type segment is further divided into poultry, ruminants, aquaculture, and others. The poultry segment is the largest segment, accounting for the majority of the market share. This is due to the high demand for poultry meat, eggs, and feathers.

The product type segment is divided into medicated and non-medicated starter feed. The medicated starter feed segment is expected to grow at a faster rate during the forecast period, due to the increasing prevalence of diseases in livestock.

The regional segment includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for starter feed, followed by North America and Europe. The growth of the Asia Pacific market is driven by the growing demand for animal protein in countries such as China, India, and Indonesia.

The starter feed market is highly competitive, with a number of major players operating in the market. Some of the key players include Cargill, Archer Daniels Midland, Tyson Foods, Land O’Lakes, and Nutrien. These companies are constantly innovating and developing new products to meet the growing demand for starter feed.

The starter feed market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is expected to witness significant growth in the Asia Pacific region, due to the rising demand for animal protein in the region.

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Feed Pigments Market Regional Size, Share, Industry Research Growth Forecast 2020-2030.

 

Feed pigments Market Outlook

The feed pigments market is projected to grow at a CAGR of 6.3% from 2022 to 2030. The growth of the market is driven by the increasing demand for feed pigments in the poultry, swine, and aquaculture industries.

Feed pigments are added to animal feed to improve the color, flavor, and nutritional value of the feed. They are also used to mask the undesirable flavors and odors of the feed.

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The increasing demand for feed pigments is being driven by the following factors:

• The growing demand for poultry, swine, and aquaculture products.
• The increasing awareness of the importance of animal welfare and nutrition.
• The development of new feed pigments with improved properties.
• The regulatory requirements for the use of feed pigments.

The feed pigments market is segmented by type, livestock, and region.

By type, the market is segmented into carotenoids, xanthophylls, azo dyes, and others. Carotenoids are the most common type of feed pigment and are used to improve the color of meat, poultry, and eggs. Xanthophylls are used to improve the color of fish flesh. Azo dyes are used to improve the color of feed and are less expensive than carotenoids.

By livestock, the market is segmented into poultry, swine, aquaculture, and others. Poultry is the largest market for feed pigments and is driven by the increasing demand for chicken, turkey, and eggs. Swine is the second-largest market for feed pigments and is driven by the increasing demand for pork. Aquaculture is the fastest-growing market for feed pigments and is driven by the increasing demand for fish and seafood.

By region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest market for feed pigments and is driven by the large poultry and swine industries in the region. Europe is the second-largest market for feed pigments and is driven by the strict regulations on animal welfare and nutrition in the region. Asia-Pacific is the fastest-growing market for feed pigments and is driven by the growing demand for poultry, swine, and aquaculture products in the region.

The key players in the feed pigments market are DSM, BASF SE, Chr. Hansen, FMC Corporation, and Kemin Industries. These companies are investing in research and development to develop new and innovative feed pigments. They are also expanding their geographic reach to tap into new markets.

The feed pigments market is a competitive market and the players are competing on the basis of product innovation, price, and marketing strategies. The market is expected to continue to grow in the coming years due to the increasing demand for feed pigments in various applications.

Here are some of the key trends in the feed pigments market:

• The increasing demand for natural and organic feed pigments.
• The development of new feed pigments with improved properties, such as stability and bioavailability.
• The growing regulatory requirements for the use of feed pigments.
• The expansion of the aquaculture industry.

The feed pigments market is a dynamic market and the players are constantly innovating to meet the changing needs of the industry. The market is expected to continue to grow in the coming years due to the increasing demand for feed pigments in various applications

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Algaecides Market Size, Share, Growth, Demand by Forecast 2022-2030

 

Market Outlook

The algaecides market is projected to grow at a CAGR of 5.5% from 2022 to 2030. The growth of the market is driven by the increasing demand for algaecides in the water treatment, aquaculture, and agriculture industries.

Algaecides are chemicals that are used to kill or control algae growth. They are used in a variety of applications, including:

• Water treatment: Algaecides are used to control algae growth in drinking water, wastewater, and industrial water.
• Aquaculture: Algaecides are used to control algae growth in fish tanks, ponds, and other aquaculture systems.
• Agriculture: Algaecides are used to control algae growth in crops, such as rice and soybeans.

The increasing demand for algaecides Market Size is being driven by the following factors:

• The growing population and urbanization are leading to an increase in the demand for water. Algaecides are used to control algae growth in drinking water, which helps to ensure the safety of drinking water.
• The aquaculture industry is growing rapidly, and algaecides are used to control algae growth in fish tanks and ponds. This helps to improve the quality of the water and the health of the fish.
• The agricultural industry is also using algaecides to control algae growth in crops. This helps to improve crop yields and reduce the risk of crop damage.

The algaecides market is segmented by type, application, and region.

By type, the market is segmented into inorganic algaecides and organic algaecides. Inorganic algaecides are the most common type of algaecide and are made from chemicals such as copper sulfate, chlorine, and bromine. Organic algaecides are less toxic than inorganic algaecides and are made from chemicals such as quaternary ammonium compounds and organosilicon compounds.

By application, the market is segmented into water treatment, aquaculture, and agriculture. The water treatment segment is the largest segment of the market and is driven by the increasing demand for drinking water and wastewater treatment. The aquaculture segment is the fastest-growing segment of the market and is driven by the increasing demand for fish and seafood. The agriculture segment is also growing rapidly and is driven by the increasing demand for food production.

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By region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest market for algaecides and is driven by the strict regulations on water quality in the region. Europe is the second-largest market for algaecides and is driven by the growing demand for aquaculture products. Asia-Pacific is the fastest-growing market for algaecides and is driven by the growing demand for water treatment and aquaculture products in the region.

The key players in the algaecides market are BASF SE, The Dow Chemical Company, Ecolab Inc., Albemarle Corporation, and Kemira Oyj. These companies are investing in research and development to develop new and innovative algaecides. They are also expanding their geographic reach to tap into new markets.

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Feed Binders Market: Growth Size Opportunities and Investment Potential By Forecast 2023-2030

 

Feed Binders Market Report

Feed Binders keep the various elements making up animal feed together and prevent decomposition. The feed binders also improve the quality of the feeds and prevent diseases in the livestock. Other benefits of feed binders include minimal waste production, reduced dust and easy handling of the feeds. Feed binders’ market is expected to grow USD 5.67 billion at a CAGR 3.67% during the forecast 2021–2030.

The CAGR in this period is likely to be 3%. The growth of the feed binders market is mainly being driven by the rising global demand for protein-rich meat coming from healthy animals. The development of innovative products in the feed binder’s industry is also likely to propel the growth of this market in the forecast period. Covid-19 pandemic significantly reduced the demand for meat which had a damaging impact on the feed binders market. However, with the global meat consumption returning to previous levels, the feed binders’ market is likely to pick up the pace.

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Market Segmentation

The feed binders’ market is divided into natural and synthetic based on type. In terms of application, the feed binders market is divided into poultry, swine, ruminant, aquaculture and others.

Natural feed binders are made using natural ingredients such as gum, starch and grains. The natural feed binders improve the consistency of animal feed, enhance the nutritional value of the feed, increase the shelf life and reduce dust and waste. The natural segment of the feed binders market is likely to account for the largest share in the forecast period.

Synthetic feed binders are made of synthetic chemical compounds and come in the form of powders, liquid concentrates and pellets. They are used to improve the edibility of feeds, improve the nutritional values of low quality feeds and reduce wastage. Among synthetic feed binders, the lignosulphonates segment is projected to grow fastest.

The poultry segment is projected to account for the largest share in the feed binders market in the forecast period when it comes to application. The rise in global demand for poultry products and the consequent focus on quality is the main reason behind the high growth of this segment.

Regional Segmentation

On the basis of regions, the global feed binders’ market has been divided into North America, Asia Pacific, South America, Europe and the rest of the world.

North America has the largest share in the feed binders’ market mainly due to the high demand for high quality feeds in the USA. However, the fastest-growing market is the Asia Pacific region. The demand for high quality feeds in this region due to rising meat consumption, especially in India, China, Thailand and Vietnam, is driving the growth of the feed binder’s market.

Industry News

Cargill Animal Nutrition and Health launched a mycotoxin feed binder called Notox Pro in November 2019. It prevents mycotoxins from contaminating animal feeds

Darling Ingredients Inc. acquired 50% share in the joint venture of EnviroFlight owned by Intrexon Corporation in January 2020

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The Importance of Fertilizer Additives in Modern Agriculture

 

Fertilizer Additives Market: Growth, Trends, and Forecasts (2023–2030)

Fertilizer additives are substances that are added to fertilizers to improve their performance. They can help to improve the nutrient content of fertilizers, make them more water-soluble, or prevent them from clumping.

The global fertilizer additives market Size is projected to reach USD 12.2 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. The growth of the market is driven by the increasing demand for high-yielding crops, the growing adoption of precision agriculture, and the increasing awareness of the benefits of using fertilizer additives.

The increasing demand for high-yielding crops is one of the major drivers of the fertilizer additives market. Farmers are increasingly adopting high-yielding varieties of crops, which require more nutrients. Fertilizer additives can help to meet the nutrient requirements of these crops and improve yields.

The growing adoption of precision agriculture is also driving the growth of the market. Precision agriculture is a farming practice that uses technology to manage crops more efficiently. This includes using fertilizer additives to target specific areas of the field that need nutrients.

The increasing awareness of the benefits of using fertilizer additives is another major driver of the market. Fertilizer additives can help to improve the nutrient content of fertilizers, make them more water-soluble, or prevent them from clumping. This is leading to increased demand for fertilizer additives from farmers and growers.

The global fertilizer additives market share is segmented by type, crop type, and region. By type, the market is segmented into micronutrients, anti-caking agents, buffering agents, and others. Micronutrients are the largest segment of the market, followed by anti-caking agents and buffering agents. By crop type, the market is segmented into cereals, fruits and vegetables, and others. Cereals are the largest segment of the market, followed by fruits and vegetables. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for fertilizer additives, followed by Europe and Asia Pacific.

The fertilizer additives market is highly competitive, with a number of major players operating in the market. Some of the major players in the market include Yara International, The Mosaic Company, Nutrien, and BASF.

The fertilizer additives market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is expected to reach a value of USD 12.2 billion by 2030.

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Specialty Fertilizers Market Players Growth, Trends, and Forecasts (2023-2030)

 

Specialty Fertilizers Market Outlook

Specialty Fertilizers Market Size is expected to reach USD 52.67 Billion at a CAGR 6.23% during the forecast 2022–2030.

The growing demand for high yielding and high quality worldwide is rising the demand of the specialty fertilizers market. Specialty fertilizers are specialized fertilizers provided to the soil as plant nutrition. The effective nature of these fertilizers results in quality crops and increases the volume of crops compared to normal yielded crops. The specialty fertilizers act as a nutrition booster for the plants, which boosts the growth and quality of the crop.

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The growth of the market is driven by the increasing demand for high-yielding crops, the growing awareness of the benefits of using specialty fertilizers, and the rising adoption of precision agriculture.

The increasing demand for high-yielding crops is one of the major drivers of the specialty fertilizers market. Farmers are increasingly adopting high-yielding varieties of crops, which require more nutrients. Specialty fertilizers can help to meet the nutrient requirements of these crops and improve yields.

The growing awareness of the benefits of using specialty fertilizers is another major driver of the market. Specialty fertilizers can help to improve crop yields, increase nutrient uptake, and reduce environmental impact. This is leading to increased demand for specialty fertilizers from farmers and growers.

The rising adoption of precision agriculture is also driving the growth of the market. Precision agriculture is a farming practice that uses technology to manage crops more efficiently. This includes using specialty fertilizers to target specific areas of the field that need nutrients.

The global specialty fertilizers market Size is segmented by type, crop type, and region. By type, the market is segmented into controlled-release fertilizers, water-soluble fertilizers, and biofertilizers. Controlled-release fertilizers are the largest segment of the market, followed by water-soluble fertilizers and biofertilizers. By crop type, the market is segmented into row crops, fruits and vegetables, and turf and ornamentals. Row crops are the largest segment of the market, followed by fruits and vegetables and turf and ornamentals. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for specialty fertilizers, followed by Europe and Asia Pacific.

The specialty fertilizers market is highly competitive, with a number of major players operating in the market. Some of the major players in the market include Yara International, The Mosaic Company, Nutrien, and BASF.

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Agricultural Fumigants Market: Growth, Trends, and Forecasts (2023-2030)

 Agricultural Fumigants Market Outlook

Agricultural fumigants are chemicals that are used to control pests and diseases in crops. They are typically applied in gaseous form, and they work by suffocating or poisoning the pests.

The global agricultural fumigants market is projected to reach USD 6.8 billion by 2030, at a CAGR of 5.5% from 2023 to 2030. The growth of the market is driven by the increasing demand for food, the growing need to control pests and diseases in crops, and the development of new and more effective fumigants.

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The increasing demand for food is one of the major drivers of the agricultural fumigants market. The global population is growing, and this is driving the demand for food. Fumigants can help to protect crops from pests and diseases, which can help to increase yields and improve food security.

The growing need to control pests and diseases in crops is another major driver of the market. Pests and diseases can cause significant damage to crops, and they can lead to crop losses. Fumigants can help to control pests and diseases, which can help to protect crops and reduce crop losses.

The development of new and more effective fumigants is also driving the growth of the market. New fumigants are being developed that are more effective at controlling pests and diseases, and they are also less harmful to the environment. This is making fumigants a more attractive option for farmers.

The global agricultural fumigants market is segmented by type, crop type, and region. By type, the market is segmented into methyl bromide, phosphine, chloropicrin, and others. Methyl bromide is the largest segment of the market, followed by phosphine and chloropicrin. By crop type, the market is segmented into cereals, fruits and vegetables, and others. Cereals are the largest segment of the market, followed by fruits and vegetables. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for agricultural fumigants, followed by Europe and Asia Pacific.

The agricultural fumigants market is highly competitive, with a number of major players operating in the market. Some of the major players in the market include BASF SE, DuPont, FMC Corporation, Adama Agricultural Solutions, and Sumitomo Chemical.

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Forage Seeds Market Competitive Landscape By Forecast 2023-2032

 

Forage Seeds Market: Growth, Trends, and Forecasts (2023–2030)

The global forage seeds market is projected to reach USD 36.9 billion by 2030, at a CAGR of 7.30% from 2023 to 2030. The growth of the market is driven by the increasing demand for high-quality animal feed, expanding dairy and meat sectors, government backing and subsidies, rising livestock populations, improvements in breeding techniques, growing emphasis on sustainable agriculture, and others.

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Forage seeds are the seeds of grasses, legumes, and other plants that are used to feed livestock. They are an important source of nutrients for animals, and they help to improve the quality of their meat and milk.

The increasing demand for high-quality animal feed is one of the major drivers of the forage seeds market. The global population is growing, and the demand for meat and dairy products is also growing. This is driving the demand for high-quality animal feed, which is made from forage seeds.

The expanding dairy and meat sectors are another major driver of the market. The dairy and meat sectors are growing rapidly, and this is driving the demand for forage seeds. Forage seeds are used to feed dairy cows and livestock, and they help to improve the quality of their milk and meat.

Government backing and subsidies are also driving the growth of the market. Governments in many countries are providing financial support to farmers to grow forage crops. This is helping to increase the production of forage seeds and meet the growing demand for them.

Rising livestock populations are also driving the growth of the market. The livestock population is increasing in many parts of the world, and this is driving the demand for forage seeds. Forage seeds are used to feed livestock, and they help to improve their health and productivity.

Improvements in breeding techniques are also driving the growth of the market. New breeding techniques are being developed that allow farmers to produce forage seeds that are more resistant to pests and diseases. This is helping to improve the quality and yield of forage seeds.

Growing emphasis on sustainable agriculture is also driving the growth of the market. Sustainable agriculture is a farming practice that aims to reduce the environmental impact of agriculture. Forage seeds are a sustainable source of animal feed, and they help to reduce the need for imported feed.

The global forage seeds market is segmented by type, crop type, and region. By type, the market is segmented into alfalfa, clover, ryegrass, and others. Alfalfa is the largest segment of the market, followed by clover and ryegrass. By crop type, the market is segmented into livestock, poultry, and others. Livestock is the largest segment of the market, followed by poultry. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for forage seeds, followed by Europe and Asia Pacific.

The forage seeds market is highly competitive, with a number of major players operating in the market. Some of the major players in the market include Land O’Lakes Inc. (U.S.), Barenbrug Holding B.V. (Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), Ampac Seed Co. (U.S.), and others.

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Silage Additives Market Key Players (BASF SE, Archer Daniels Midland Company, Chr. Hansen Holding A/S, Kemin Industries, Inc., etc.

 

Global Silage Additives Market Overview

Silage Additives Market Size was valued at USD 2.2 Billion in 2022. The Silage Additives market industry is projected to grow from USD 2.3 Billion in 2023 to USD 3.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.67% during the forecast period (2023–2032).

 The growth of the market is driven by the increasing demand for silage as a feed for livestock, the growing awareness of the benefits of using silage additives, and the rising adoption of precision agriculture.

Silage Additives Market Size is a fermented fodder made from grasses, legumes, or other crops. It is a good source of nutrients for livestock, and it can be stored for long periods of time. Silage additives are substances that are added to silage to improve its quality and preservation. They can help to prevent spoilage, reduce the risk of mold growth, and improve the nutritional value of the silage.

The increasing demand for silage as a feed for livestock is one of the major drivers of the silage additives market. The global population is growing, and the demand for meat and dairy products is also growing. This is driving the demand for silage, as it is a good source of feed for livestock.

The growing awareness of the benefits of using silage additives is another major driver of the market. Silage additives can help to improve the quality and preservation of silage, which can lead to increased yields and profits for farmers.

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The rising adoption of precision agriculture is also driving the growth of the market. Precision agriculture is a farming practice that uses technology to manage crops more efficiently. This includes using silage additives to target specific areas of the field that need nutrients.

The global silage additives market is segmented by type, crop type, function, and form. By type, the market is segmented into acids, enzymes, yeasts, and others. Acids are the largest segment of the market, followed by enzymes. By crop type, the market is segmented into corn, grass, legumes, and others. Corn is the largest segment of the market, followed by grass. By function, the market is segmented into preservation, fermentation, and others. Preservation is the largest segment of the market, followed by fermentation. By form, the market is segmented into liquid, powder, and others. Liquid is the largest segment of the market, followed by powder.

The silage additives market is highly competitive, with a number of major players operating in the market. Some of the major players in the market include BASF SE, Archer Daniels Midland Company, Chr. Hansen Holding A/S, Kemin Industries, Inc., and Novus International, Inc.

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Liquid Fertilizer Market to Reach USD 3.52 Billion by 2030, Exhibiting a CAGR of 4.4%

 

Liquid Fertilizer Market Outlook

The global liquid fertilizer market is expected to grow at a CAGR of 4.4% from 2023 to 2030. The growth of the market is driven by the increasing demand for high-yielding crops, the growing adoption of precision agriculture, and the government initiatives to promote sustainable agriculture.

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Liquid fertilizers are a type of fertilizer that is dissolved in water and applied to plants. They are more efficient than solid fertilizers, as they are quickly absorbed by the plants. Liquid fertilizers are also easier to apply, as they can be sprayed or injected into the soil.

The increasing demand for high-yielding crops is one of the major drivers of the liquid fertilizer market. Farmers are increasingly adopting high-yielding varieties of crops, which require more nutrients. Liquid fertilizers are a good way to meet the nutrient requirements of these crops.

The growing adoption of precision agriculture is another major driver of the liquid fertilizer market. Precision agriculture is a farming practice that uses technology to manage crops more efficiently. This includes using liquid fertilizers to target specific areas of the field that need nutrients.

Government initiatives to promote sustainable agriculture are also driving the growth of the liquid fertilizer market. Governments are encouraging farmers to use more sustainable farming practices, such as using liquid fertilizers.

The global liquid fertilizer market is segmented by type, application, crop type, and region. By type, the market is segmented into nitrogen, phosphorus, potassium, and micronutrients. Nitrogen is the largest segment of the market, followed by phosphorus and potassium. By application, the market is segmented into foliar, fertigation, and seed treatment. Fertigation is the largest segment of the market, followed by foliar and seed treatment. By crop type, the market is segmented into cereals, fruits, vegetables, and others. Cereals are the largest segment of the market, followed by fruits and vegetables. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for liquid fertilizers, followed by North America and Europe.

The liquid fertilizer market outlook is highly competitive, with a number of major players operating in the market. Some of the major players in the market include Yara International, The Mosaic Company, Nutrien, and BASF.

The liquid fertilizer market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is expected to reach a value of USD 3.52 billion by 2030.

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Micro Irrigation System Market Size to Reach USD 30.26 Billion by 2030, Growing at a CAGR of 12.73%

 

Global Micro Irrigation System Market Overview

The micro irrigation system market size was valued at USD 599.2 million in 2021. The micro irrigation system industry is projected to grow from USD 633.65 million in 2022 to USD 937.16 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.75% during the forecast period (2022–2030).

Covid 19 Analysis

The Micro Irrigation System Market Share has been affected because of the arrival of the novel coronavirus pandemic. The markets have been facing a crunch of resources and skilled labor that is hampering the ability of the market to meet the rising needs of the target audience.

Hence, the markets and governments are increasing their investment in the research and development departments that will prevent the misuse of water and promote optimal and judicious use.

Regional Outlook

The global industry is spread across certain regions, namely Europe, the Middle East & Africa, North America, along with the Asia Pacific.

Asia Pacific will remain the top market for micro irrigation systems market Insights throughout the analysis period while also attaining the fastest CAGR between 2020 and 2027. The APAC market’s strength lies in the vast population whose livelihood is largely dependent on agriculture. The escalating adoption rate of modern farming practices along with the surge in government funds and subsidies encouraging the use of micro-irrigation systems, especially in India will be favorable for the regional market. India is ranked among some of the top producers of crops, and with the government investing considerably in the farming sector, the adoption of cost-effective and efficient solutions is bound to further increase in the years ahead. The South Korean government has implemented smart farming schemes and policies that foster the use of these systems in the agriculture industry. The government is also planning to build massive smart farm complexes that could help attract the younger population and raise their interest in farming. Apart from this, it intends to grant small-sized farmlands to the professionals to kickstart their business, which should bolster the demand for advanced products such as micro-irrigation systems.

The North American market will presumably take the lead in the coming years, as the adoption of micro-irrigation systems has picked up pace in line with the modernization of the existing farming practices. Significant awareness levels regarding the benefits of these systems and the practices that facilitate them should also be favorable for the regional market. The agriculture sector in the United States happens to be one of the most important ones in the world. The U.S. Department of Agriculture reveals that the country, in 2018, consisted 2,029,200 of total farms that occupied around 899,500,00 acres of land. Most of the farmers are well-trained and make use of the latest technologies while also adopting innovative agricultural practices.

The Row market will also gain traction at a steady pace between 2020 and 2027, thanks to the huge demand for micro-irrigation systems across South American countries like Brazil and Argentina. This could be accredited to the accelerated uptake of sustainable agricultural techniques among the farmers.

Growth Drivers and Deterrents

Although being an essential service, drip irrigation systems have seen a heavy drop in demand post the COVID-19. Irrigation agencies have been facing challenges related to procuring of inputs, maintenance, and equipment. Fiscal issues are rampant owing to additional costs as well as reduced revenues from state transfers as well as tariffs. Farmers have had to deal with the lesser accessibility to advanced irrigation equipment, thereby curbing the growth of the micro irrigation market to a large extent. However, micro-irrigation systems are still in demand worldwide, owing to the rising awareness about their benefits, such as reduced water wastage and prevention of soil erosion. The demand has remained steady, especially in countries facing water scarcity. Farmers are increasingly focusing on using these systems to bolster crop yields while using the minimum amount of water.

Substantial increase in technological advances in micro- Irrigation System market trends has been a blessing for farmers in the agricultural sector, while also letting household owners with big lands better manage the water flow as well as intake of plants. Micro-irrigation systems are generally available in two forms, namely sprinklers and drips that help bring down the total intake of the crops while boosting the yield. Emerging regions such as Latin America and the Asia Pacific are fueling the sales of these systems backed by supportive government policies including low-interest subsidies and loans for farmers.

Governments worldwide are motivating farmers to make use of micro-irrigation systems, which could also stimulate the market growth rate over the following years. Given the scenario, industry participants are striving to come up with low-cost and more efficient micro-irrigation systems. Several regional government bodies offer free electricity to farmers, which is yet another reason for the strong adoption rate of these systems.

Segmental Review

The micro-irrigation system industry can be considered for type, crop type, and end-use.

The micro-irrigation system market outlook, depending on the type, caters to sprinkler irrigation and drip irrigation.

The micro-irrigation system market, with respect to crop type, can be split into the landscape, field crop, plantation crop, and others.

The end-use industries listed in the report are open fields as well as a closed system.

Affluent Participants

The most Key Micro Irrigation System Market Players affluent industry participants listed in the report are Chinadrip Irrigation Equipment Co. Ltd (China), Jain Irrigation Systems Limited (India), Lindsay Corporation (US), Kothari Agritech Private Limited (India), Nelson Irrigation Corporation (US), Netafim Ltd (Israel), Rain Bird Corporation (US), EPC Industrie (India), Irritec S.p.An (Italy), Harvel Agua (India), Antelco Pty Ltd (Australia), Deere & Company (US), The Toro Company (US), Rivulis Irrigation Limited (Israel), Elgo Irrigation Ltd (Israel), and many more

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To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.

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