Tractor Implements Market to Witness Unprecedented Growth in Coming Years

The report "Tractor Implements Market by Phase (Tillage, Irrigation and Crop Protection, Sowing and Planting, Harvesting and Threshing), Drive (2-Wheel and 4-Wheel Drive), Power (Powered and Unpowered), and Region - Global Forecast to 2023", The tractor implements market is projected to reach USD 76.1 billion by 2023, from USD 57.3 billion in 2018, at a CAGR of 5.84% during the forecast period. The market is driven by factors such as high labor cost in the agriculture industry and the growing need to prevent the post-harvest food loss.

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Tractor implements for the tillage segment are projected to be widely used implements during the forecast period.

Tilling is an agricultural phase implemented for land development process during cultivation. It is the longest and a crucial phase of cultivation, which requires effective tools and machines for the preparation of seedbed as per the requirement of various seeds. The tillage segment accounted for the highest market share in 2017 and is projected to hold the highest market share during the forecast period. The tillage segment accounted the largest market share across various regions including North America, Asia Pacific, Europe, and South America.

The powered implements segment is projected to witness the fastest growth during the forecast period.

Use of powered tractor implements is growing with the increasing need to enhance food production and the integration of technologies in various farm equipment. It is estimated that the powered implements segment is projected to grow at the fastest rate during the forecast period, due to various benefits over unpowered implements, which include high-speed operations with much effectiveness.

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The Asia Pacific is estimated to dominate the market in 2018 and is projected to witness the fastest growth in the tractor implements market through 2023.

The highly populated countries such as India and China in the Asia Pacific regions has created profitable growth opportunities for the market due to high food demand. These factors have encouraged mechanization of agriculture in the region for efficiently producing food crops, which can be enhanced by the use of highly advanced mechanical implements on the fields. The Asia Pacific is projected to witness a high demand for tractor implements due to lack of funds available to farmers in developing countries to purchase exclusive machineries for various field processes, and the growing need to improve crop yield.

This report includes a study of development strategies, along with product portfolios of leading companies. It also includes the profiles of leading companies such as CLAAS (Germany), Deere & Company (US), Kubota Corporation (Japan), Mahindra and Mahindra (India), Tractor and Farm Equipment Limited (India), JCB (UK), CNH Industrial (US), SDF Group (Italy), Actuant (US), Kuhn Group (France), and Alamo Group (US).

Distillation Systems Market: Growth Opportunities and Recent Developments

The distillation systems market was valued at USD 5.94 billion in 2017; it is projected to grow at a CAGR of 5.1%, to reach USD 7.91 billion by 2023. The basic objective of the report is to define, segment, and project the global market size for distillation systems on the basis of component, techniques, type, industry, operation, process, and region. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of the market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and project the growth rate of the market. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.

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This report includes estimations of the distillation systems market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research (from sources such as press releases and paid databases, which include Factiva and Bloomberg), annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

The market, based on technique, is segmented into fractional, steam, vacuum, multiple-effect (MED), and others. The vacuum segment is projected to grow at the highest CAGR among all distillation techniques from 2018 to 2023. The technique is widely used for the separation of components, where chances of decomposition are high due to changes in temperature and pressure. Vacuum distillation is commonly used for the separation of heavy hydrocarbon residues that are left during the atmospheric distillation of crude oil.

Based on application, the market is segmented into petroleum & biorefineries, water treatment, food, beverages, pharmaceuticals, cosmetics, and chemicals. Of the various applications, the beverages segment is projected to witness the fastest growth due to the high growth of the alcoholic beverage market. Distillation is an important process used in the manufacturing of alcoholic beverages, such as wine, beer, brandy, gin, rum, whiskey, and vodka. Although the continuous distillation process used in the manufacturing of alcoholic beverages dominates the market segment, the batch distillation process is also used significantly to manufacture alcoholic beverages with various flavors and different percentage levels of alcohol.

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The Asia Pacific market has witnessed robust growth in the distillation systems market. The Asian subcontinent is an emerging market, which is growing at a rapid pace. Desalination requirements, high consumption of alcoholic beverages, and the rising potential for industrial growth highlight the positive growth prospects in the region. Countries such as China, India, South Korea, Australia, and Japan are among the key manufacturing hubs in the region. Distillation system manufacturers are mainly focusing on expanding their presence in the Asia Pacific market through new product launches and expansions to strengthen their position. The growing R&D activities by governments as well as private organizations in the region is projected to drive the market growth. Technological advancements in Asia Pacific countries due to the development of infrastructure provides a potential scope for innovation in the production of distillation systems, thereby improving their cost-effectiveness and output.

The key players that are profiled in the report include GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), L&T Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).

Snack Pellet Equipment Market Growth Opportunities by 2025

The report "Snack Pellet Equipment Market Product Type (Potato-Based, Corn-Based, Rice-Based, Tapioca-Based, Multigrain-Based), Form (2D, Tridimensional, Die-Faced), Equipment Type (Extrusion, Mixing, Cutting, Drying, Frying, Seasoning), and Region - Global Forecast to 2025" The snack pellet equipment market is estimated to account for nearly USD 1.0 billion in 2019 and is projected to reach a value of nearly USD 1.4 billion by 2025, recording a CAGR of 5.2% from 2019. Due to busy lifestyles and professional commitments, individuals have limited time to prepare food at home. The snack pellet market is driven by the increasing need for convenience foods due to the busy lifestyles of consumers. Thus, increasing consumer preference for processed foods indirectly contributes to the growing demand for snack pellets as they require less time and efforts to prepare. This, in turn, is projected to drive the growth of the snack pellet equipment market.

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By product type, the potato-based, segment is estimated to account for the largest share in the snack pellet equipment market in 2019.

On the basis of product type, the potato-based segment is estimated to dominate the snack pellet equipment market in 2019. This is due to the increasing consumer preference for convenience foods, which indirectly drives the increasing demand for snack pellets products, as they require less time and efforts. Currently, snack pellet manufacturers are focusing on adopting advanced technologies and offering GM potatoes to drive the demand for potato pellets. GM potatoes are protein-packed potatoes with approximately 35%–60% protein content, which makes it more preferable. This, in turn, is projected to drive the growth of the snack pellet equipment market.

The snack pellet equipment market is projected to witness strong growth due to the increasing advancements in equipment and technologies.

Earlier, snack pellet manufacturers used different extruders for making pellets based on various raw materials that have different characteristics and cooking time. However, with the upgradation and automation, snack pellet manufacturers are adopting extrusion systems that produce three-dimensional pellets, thus providing better end products to its customers. Moreover, advanced manufacturing processes enhanced the bulk production capacity and shelf life of pellets, prior to frying or puffing. In addition, these improvements in the manufacturing process offer advantages such as innovative designs and capital cost reduction, which is projected to contribute to the market growth.

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North America is estimated to dominate the snack pellet equipment market in 2019.

North America is estimated to account for the largest market share in the snack pellet equipment market in 2019. The North American region witnesses the presence of various established snack pellet manufacturing companies that are increasing their production capacity due to the rising demand for ready-to-eat snacks. This is projected to create an opportunity for manufacturers in the snack pellet equipment market to expand in North America. Busy lifestyles of consumers reduce the time available for homemade snacks; this increases the demand for convenience foods. In addition, increasing health consciousness and concerns for food safety have encouraged the production of light and convenient snack foods such as snack pellets. These factors are projected to drive the snack pellet equipment market during the forecast period.

This report includes a study of marketing and development strategies along with the product portfolios of the leading companies in the snack pellet equipment market. It also includes the profiles of leading companies such as Clextral (France), GEA Group (Germany), Buhler AG (Switzerland), N.P. & Company, Inc. (Japan), Kiremko B.V. (Netherlands), JAS Enterprises (India), Grace Food Processing & Packaging Machinery (India), Tsung Hsing Food Machinery Co., Ltd. (Taiwan), AC Horn Manufacturing (US), Jinan Dayi Extrusion Machinery Co., Ltd (China), Mutchall Engineering Pvt. Ltd (India), and Radhe Equipments India (India).

Sustainable Growth Opportunities in the Biostimulants Market

The report "Biostimulants Market by Active Ingredient (Humic Substances, Amino Acids, Seaweed Extracts, Microbial Amendments), Crop Type (Fruits & Vegetables, Cereals, Turf & Ornamentals), Application Method, Form, and Region – Global Forecast to 2025" The market for biostimulants is projected to reach USD 4.9 billion by 2025, at a CAGR of 11.24% during the forecast period. It is driven by seaweed extract-based biostimulants, abundant growth in seaweed cultivation near major biostimulant markets, and rise in their adoption by key players in biostimulant formulations.

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The seaweeds extracts segment is projected to grow at the highest rate during the forecast period.

Extracts from marine algae, known as seaweed extracts, are marketed to be used in the agriculture industry. Intensive research on biostimulants and plant nutritional products has increased the awareness pertaining to the benefits of seaweed extracts in agriculture. Application of seaweed extracts in agriculture not only reduces the side effects of harmful agrochemicals but also helps in protecting the environment. High marine culture and seaweed production in the Asian countries is projected to drive the seaweed extracts segment in this region, wherein low-value production of seaweed extracts by the Indian and Chinese domestic players can be observed.

The foliar treatment segment is estimated to dominate the biostimulants market in 2019.

Foliar spray application is one of the most widely used methods of using biostimulants, to maximize production efficiency. The direct application on leaves through the foliar application method is considered the most effective way of supplying nutrients to plants, resulting in the rapid absorption and enhancement of micronutrient intake in each part of the shoots and roots. Moreover, the foliar application method is found to be a highly effective way of utilizing biostimulants for fruit & vegetable crops.  

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With the introduction of stringent regulations, Europe is estimated to dominate the biostimulants market in 2019.

The biostimulants market in Europe is driven by the adoption of modern agricultural technology such as precision farming, plant biotechnology, and organic-based active ingredients. The increasing awareness of consumers about the benefits of biostimulants is expected to contribute to market growth. Moreover, the European legislation is in the process of recognizing biostimulants as important plant nutrition, and have paved the way toward a regulated environment for these products. Moreover, biostimulant products were initially applied only on high-value crops such as fruits and vegetables in Europe. However, the industrial importance has transformed some broad-acre crops such as corn and wheat into high-value crops, resulting in the increased use of biostimulants for these crops.

This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of biostimulant manufacturers such as BASF (Germany), Isagro (Italy), Valagro (Italy), Bayer (Germany), Italpollina (Italy), and UPL (India).

Trace Minerals in Feed Market: Growth Opportunities and Recent Developments

The report "Trace Minerals In Feed Market by Type (Iron, Zinc, Manganese, Copper, Cobalt, Chromium, Other Types), Livestock , Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types), Form, And Region – Global Forecast To 2025", The global trace minerals in feed market size is estimated to be valued at USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as the rise in production of compound feed, and the increase in the importance of protein-rich diets among consumers across the globe opened new avenues for trace minerals in feed market. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The where the demand for chicken and red meat has been growing. This in these countries, which has also contributed to the growth of the market.

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Iron, by type, is estimated to hold the largest market share during the forecast period

The market for trace minerals in feed, by type, has been segmented into iron, zinc, manganese, copper, cobalt, chromium, other types which include selenium and iodine. iron is considered the main constituent in the formation of hemoglobin and myoglobin, as it supports the transport of oxygen to all parts of the body. The deficiency of iron causes stunted growth, pale mucous membranes, anemia, and diarrhea in livestock. The iron segment accounted for the largest share in the trace minerals in feed market, as livestock species are most commonly affected by deficiencies of iron, which causes oxidative stress and anemia. In the recent years, the EU has approved iron compounds, such as ferric chloride hexahydrate, ferric oxide, ferrous carbonate, ferrous chelate of amino acids, ferrous chelate of glycine hydrate, ferrous fumarate, ferrous sulfate heptahydrate, and ferrous sulfate monohydrate, without a time limit for use as a feed additive. Due to its higher acceptance among regulatory bodies, the market for iron as a trace mineral in feed is projected to witness a high growth rate during the forecast period.  

Poultry, by livestock, is estimated to hold the largest share in the trace minerals in feed market during the forecast period

The poultry segment accounts for the largest share and is also projected to grow at the fastest rate during the forecast period. There has been a significant increase in demand for poultry meat and other byproducts across the globe. People are therefore engaging in animal rearing and animal husbandry to fulfil this global demand.  The most effective way to achieve the highest production is to supply these birds with trace minerals, such as zinc, copper, and manganese, to increase their performance, which has led to an increase in demand for trace minerals.  Trace minerals are indispensable components in poultry diets. They are required for the growth, bone and feather development, and enzyme structure. The immune functions of all poultry species depend on trace minerals. This drives the growth of trace minerals in feed market across the globe.  

Amino acids, by chelate type, is estimated to account for the largest market share during the forecast period

Amino acids are considered an ideal chelator due to their ability to be easily absorbed in the animal body. This is due to the attachment of amino acids to the mineral molecules that create a more stable structure, which helps the minerals survive in the acidic environment of the stomach. Furthermore, trace minerals are protected from various bacteria present in the body of animals, and enzymes are unable to degrade it. It also inhibits the antagonistic action between metal ions and decreases the breaking down of vitamins in the feed. This is due to their ability to be easily absorbed in the body for the normal functioning of protein synthesis. This increases the absorption of minerals directly in the intestinal wall, along with amino acid ligands, to which they are bonded.

Dry, by form, is estimated to account for the largest market share during the forecast period

The dry segment accounted for the largest share in 2019, as trace mineral products in the dry form enable the hygienic supply of these ingredients, and the feeding system is comparatively easy to manage. Furthermore, the ease of mixing dry form of trace minerals into the total feed, relative cost-effectiveness as compared to the liquid form, and its long shelf life are some of the other key factors encouraging its use in dry form. Trace minerals are mostly available in the dry form, as they are easy to mix with feed products in the appropriate quantity. For instance, the powdered copper and zinc could be mixed in the ratio of a billion parts of copper or just one part of zinc. Additionally, other minerals and trace minerals in powdered form could be mixed in similar ratios, without causing a reaction. Furthermore, chelated trace minerals in the dry form find application in various livestock. In addition, when mixed with dry feed, they are often absorbed more efficiently by the body, if supplied rather than used as supplements.

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Asia Pacific is estimated to hold the largest market share during the forecast period

The trace minerals in feed market is estimated to grow significantly in the Asia Pacific region due to the rise in demand for poultry meat and poultry byproducts as well as ruminants from the major economies such as China, India, Japan, and other South East Asian countries as they experience a surge in the increase in number of health -conscious consumers. With the increase in awareness amongst consumers about the essential nutrients requirement in daily diet, have increased the demand for protein-rich meat. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities dietary supplements. Thus, causing Trace minerals in feed to flourish in the region.
 
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the Trace minerals in feed market. It consists of the profiles of leading companies such Cargill, Incorporated (US), (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France),  Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany),  Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany),  Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US).

Agricultural Pheromones Market to Showcase Continued Growth in the Coming Years

The report "Agricultural Pheromones Market by Crop Type (Fruits & Nuts, Field Crops, & Vegetable Crops), Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Dispensers, Traps, & Sprays), Type, and Region - Global Forecast to 2026", The global agricultural pheromones market is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 6.1 billion by 2026, recording a CAGR of 16.1% during the forecast period. Semiochemicals such as pheromones and allelochemicals are those biological pesticides that are organic in nature and are environmentally safe. Companies nowadays are increasing their research & development investments to diversify the application area for these pesticides and thus, propelling the growth of the overall market. Many horticulture and agriculture farmers are employing sex pheromones and attractants to decrease the number of crop-damaging insects and pests effectively.

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Convenient and ready-to-use traps are projected to witness the highest growth during the forecast period.

Pheromone traps are usually used to capture certain species of insects in stored products. A pheromone attractant is used inside the trap to lure the insects. Traps are used for monitoring and mass trapping as well. However, in the case of mass trapping, the number of traps per unit area is increasing effectively to trap more insects. Some of the most commonly used traps include delta traps, sticky traps, winged traps, and funnel traps.

By crop type, the fruit & nuts segment dominated the agricultural pheromones market in 2020.

Fruits & nuts include crops, such as apple, peach, pear, grapes, citrus, mango, and coconut. Some of the major insects that infest crops include oriental fruit borer, codling moths, fruit fly, Indian meal moths, and leafroller. Companies such as Suterra (US), Koppert Biologicals (Netherlands), and Russell IPM (UK) focus on providing solutions for insect pheromones in fruits. Research is also conducted for the efficient management of fruit pests by making use of pheromone nanogels. This technology is currently being tested for guavas. The methodology is still under trial and would be a simple and cost-effective technique if it clears the clinical trials and could significantly reduce fruit fly infestation on guavas. In most cases, dispensers are utilized for delivering pheromones used in mating disruption in fruit crops.

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US dominated the North America market for agricultural pheromones market in 2020.

In the US, common pests found on fruit crops are grapevine moth, banana weevil, oriental fruit moth, and codling moth. These insects are mainly used for monitoring, mass trapping, and attract-and-kill purposes in the US. The insect pests found on field crops in the US are cotton boll weevil, pink bollworm, and southwestern corn borer. In the US, mating disruption is usually practiced in apple, peach, pear, and cotton farms to control populations of insect species, such as codling moths, oriental fruit moths, and pink bollworms. Some of the major pheromone manufacturing companies, such as Suterra (US) and Provivi, Inc. (US), have also made the US a favorable market for the utilization of pheromones.

The key players in this market include Shin-Etsu Chemical Co., Ltd. (Japan), Koppert Biological Systems (Netherlands), Isagro Group (Italy), Biobest Group NV (Belgium), Suterra LLC (US), Russell IPM (UK), ISCA Technologies (US), Trécé Incorporated (US), Bedoukian Research, Inc. (US), Pherobank B.V. (Netherlands), BASF SE (Germany), Certis Europe BV (Netherlands), Bioline AgroSciences Ltd. (US), Bio Controle (Brazil), and ATGC Biotech Pvt Ltd. (India).

Feed Acidifiers Market to Witness Unprecedented Growth in Coming Years

 The report "Feed Acidifiers Market by Type (Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid), Form (Dry, Liquid), Compound (Blended, Single), Livestock (Poultry, Swine, Ruminants, Aquaculture), and Region - Global Forecast to 2023" Over the years, the production pattern in the feed industry has transformed in tandem with the health requirements of livestock. For improved growth and efficiency of livestock, rearers included antibiotics as additives in feed. However, the use of antibiotics as feed additives impacts the health of animals, which, in turn, affects the health of consumers adversely. Due to the adverse effects on the health of consumers, the EU has imposed a ban on the use of antibiotics. This ban has encouraged rearers to opt for cost-effective and health-enriching alternatives such as feed acidifiers. According to MarketsandMarkets, the feed acidifiers market is projected to account for a value of USD 3.5 billion by 2023, recording a CAGR of 5.1%.

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The Propionic Segment Is Projected To Hold the Largest Share in the Feed Acidifiers Market

As consumers become more sensitive to food safety, rearers are focusing on investing in feed additives that enhance the quality of meat and prevent diseases in livestock. Rearers prefer propionic acid as feed additives as they are a rich source of nutrients and are generally recognized as safe (GRAS) substances by the FDA. Due to their increasing preference in the livestock industry, the propionic segment is projected to account for the largest share in the feed acidifiers market during the forecast period.

Dry Feed Acidifiers To Outpace the Sales of Liquid Feed Acidifiers in the Market Throughout 2023

To maintain consistency in the application and enhance the nutrient quotient of crops, the dry form of feed acidifiers is utilized extensively. Demand for dry feed acidifiers is preferred as they are convenient to store, transport, and use. Also, the dry form of feed acidifiers can be used efficiently due to their free-flowing structure. Owing to these factors, dry feed acidifiers are projected to outpace the sales of the liquid form during the forecast period.

The Feed Acidifiers Market To Record the Fastest Growth in South America During the Forecast Period     

As governments in the South American region focus on investing in the livestock sector, rearers in various countries of this region are allocating their budget to utilize feed acidifiers. Rearers are mainly focusing on improving the meat quality by utilizing feed acidifiers and offer GRAS-certified produce in the market. The demand for meat and poultry products is also projected to increase in parallel to the population growth and disposable income of consumers in this region. Due to these factors, the market in this region is expected to record the highest growth during the forecast period.

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Leading players in the feed acidifiers market are adopting strategies such as product launches, acquisitions, expansions, and collaborations & divestments. Key players identified in this market include Yara International ASA (Norway), Kemira OYJ (Finland), BASF SE (Germany), Biomin Holding GmbH (Austria), and Kemin Industries Inc., (US).

Overall, the growth of the feed acidifiers market is projected to remain moderate during the forecast period. As the competition to offer effective feed acidifiers intensifies in the market, leading players to focus on expansions and collaborations to enhance their brand presence across regions and expand their customer base. These factors are projected to encourage high growth during the forecast period.