Monday, October 17, 2022

Liquid Fertilizers Market Growth by Emerging Trends, Analysis, & Forecast

The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach USD 3.0 billion by 2025, recording a CAGR of 4.4%. The growth of the liquid fertilizers industry is driven by various factors due to its ease of use and rapid absorption by the soil and plants, which in turn, ensures that nutrients reach crops faster than other forms of fertilizers.
 
Liquid Fertilizers Market
 
 
Key players in the liquid fertilizers market include Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), and EuroChem Group (Switzerland). Product innovation, expansions, mergers & acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the liquid fertilizers market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the liquid fertilizers market include CF Industries Holdings, Inc.(US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Compass Minerals (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Foxfarm Soil and Fertilizer Company (California), Agro Bio Chemicals (India), and Agzon Agro (India).
 
Nutrien Ltd. (Canada) Nutrien has the largest crop nutrient product portfolio, which is combined with a global retail distribution network that includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tonnes (29.76 million tons) of nitrogen, potassium, and phosphate products for industrial, agricultural, and feed customers worldwide. The company has a wide-ranging agricultural retail network that provides services to over 500,000 grower accounts. The company has a network of nearly 1,700 retail locations in seven countries, along with operations and investments in 14 countries, globally. The company has its presence in regions such as North America, South America, Europe, Asia, Africa, and Australia.
 
Yara International ASA (Norway) is one of the largest fertilizer manufacturing companies in the world. The company is primarily engaged in producing and distributing mineral fertilizers and environmental solutions. It manages its business primarily through three business segments, namely, downstream, industrial, and upstream. The company offers its liquid fertilizer products through its product portfolio and is available in potassium, phosphorus, and sulfate forms. The company offers fertilizer brands, such as YaraBela, YaraLiva, YaraMila, YaraTera, YaraVera, and YaraVita. The company offers a complete fertilizer portfolio to growers, globally, under its downstream segment, and also offers ammonia, urea, nitrates, and other nitrogen-based fertilizer products under its upstream business segment. The company offers fertilizers of various nutrients, such as nitrogen, phosphorus, potassium, calcium, and magnesium.
 
 

The market for liquid fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to by the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

Lactase Market Growth Opportunities by 2025

The global lactase market size is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5% during the forecast period. Lactase also plays a major role in increasing the shelf-life of dairy products, thus increasing their freshness. Due to its importance in the food industry and the rising level of lactose intolerance, lactase is gaining popularity in the dairy industry. These are the major factors encouraging the growth of the lactase market globally.
 
Lactase Market
 
 
Key players in this market include Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).
 
DuPont(US) is a global leader in the development lactase from different sources and for wide range of applications. DuPont has 16 production bases globally and provides products and business solutions to 95 countries in regions such as Europe, North America, Asia Pacific, South America, and the Middle East.
 
DuPont Danisco launched Nurica, a dairy enzyme to help the lactose-free product manufacturers to meet consumer demand for clean label products. Danisco provides improved nutrition, better taste, texture, and greater cost efficiency. This new product launch will help the company to strengthen the product portfolio and also will the help the company becoming global leader in high-value enzymes for catering dairy industry.
 
Novozymes (Denmark) is one of the major players in the lactase market. Novozymes is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company offers Lactozyme Pure, saphera, and saphera fiber to cater dairy industry for manufacturing of lactose-free products. It records 33% of the sales through essential food & beverage products. The company is growing significantly in European region mainly in countries like France, Germany, and Italy. It also has a strong presence in the North American region.
 
The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.
 
 

The fastest-growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among the lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufacturers in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.

Food & Beverage Metal Cans Market Growth Opportunities by 2025

The food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1% during the forecast period. The increasing demand for sustainable packaging drives the growth of the food & beverage metal cans market.
 
Food & Beverage Metal Cans Market
 
 
Key players in this market include Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany), CCL Industries (US), Toyo Seikan Group Holdings Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), Mauser Packaging Solution LLC (Germany), Visy (Australia), Lageen Food Packaging (Israel), Massilly Holding S.A.S (France), P. Wilkinson Containers Ltd. (UK), Unimpack (The Netherlands), Müller und Bauer GmbH (Germany), and Allied Cans (Canada).
 
Crown Holdings, Inc (US) is a key supplier, offering products for food & beverage metal packaging. Its operations focus on making it a specialty metal packaging company, which is growing sustainably by incorporating new foundational platforms into its own technologies. It is pursuing competitive superiority by creating demand and by developing high-value-added and customized products based on client requirements.
 
In 2018, the company acquired Signode Industrial Group Holdings (Illinois) Ltd., a leading global provider of transit packaging systems and solutions. This acquisition helped the company to strengthen its geographic reach and market position in the US.
 
Ball Corporation (US) is a public registered company headquartered in the US and one of the leading developers, manufacturers, and distributors of metal packaging. The company works in collaboration with the brands and retailers, and packaging manufacturers to design circular economy solutions to maintain its market position.
 
Ball Corporation offers products for metal packaging of beverage cans such as standard cans and specialty cans. In October 2019, the company expanded its manufacturing plants in Rome, Georgia to cater to the growing demand for beverage packaging in the US.
 
 

The Asia Pacific food & beverage metal cans market is projected to have higher growth potential in the coming years. A large consumer market and increasing disposable income in India and China are driving the growth of the demand for high-quality metal packaging. Also, China is the hub for the manufacture of metal cans and has sufficient manufacturing plants to meet the demand for food & beverage metal packaging. Moreover, rapid urbanization in countries such as India and China are expected to result in high growth of the food & beverage metal cans market in Southeast Asia during the forecast period.

Technical Enzymes Market Growth by Emerging Trends, Analysis, & Forecast

The global technical enzymes market size is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period, in terms of value. The increasing trend of environmental concerns in developing countries and advancements of R&D activities for technical enzymes are the major factors that are projected to drive the growth of the technical enzymes market. However, the cost of enzymes usage in various industrial applications remains high during the formulation process of technical enzymes, which is projected to inhibit the growth of the market.
 
Technical Enzymes Market
 
 
Key technical enzymes players include BASF (Germany), DuPont (US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced Enzymes Technologies (India), Maps Enzymes (India), Epygen Labs (India), Megazyme (Ireland), Aumgene Biosciences (India), Enzymatic Deinking Technologies (US), Tex Biosciences (India), Denykem (UK), MetGen (Finland), Creative Enzymes (US), Sunson Industry Group (China), Transbiodiesel (Israel), Enzyme Supplies (UK), and Enzyme Solutions (US). New product launches and expansions were the dominant strategies adopted by major players, followed by collaborations. These strategies have helped them to increase their presence in different regions.
 
Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company catered to industries such as household care, food & beverages, bioenergy, agriculture & feed, and technical & pharmaceutical. However, the bioenergy segment of the company delivered strong growth since 2017. The company offers products for bioenergy, which converts plant materials and waste to biofuels. Using these biofuels, the company’s objective is to reduce carbon dioxide emissions by 50%–90% compared with conventional gasoline. For instance, in May 2019, Novozymes (Denmark) has partnered with Alibaba’s 1688 platform to offer industrial biotechnology products in China.
 
DuPont (US) is a global chemical company that has been focusing on technology-driven innovations in providing products and solutions to various industries. DuPont Nutrition & Biosciences (Denmark) is the subsidiary of DuPont, which offers enzymes under the industrial biosciences. The company has segregated its business segments as animal nutrition, food & beverage, personal care, bioenergy, fabric & home care, textile processing, biomaterials, and microbial controls. The company has been focusing on enhancing its market presence in the Asia Pacific and North American regions. For instance, in February 2019, DuPont Nutrition & Biosciences extended its collaboration with Essential Ingredients (US) to distribute DuPont’s personal care portfolio. Additionally, Essential Ingredients would also distribute the company’s cleaning enzyme solutions in the North American region.


The Asia Pacific region projected to grow at the highest CAGR between 2019 and 2026. The increasing demand for technical enzymes in starch and textile & leather industries is projected to create lucrative growth opportunities for manufacturers in the market in the Asia Pacific region. This dominance is majorly due to the change in technological innovations in machinery, synthetic fibers, logistics, and globalization of business. Furthermore, the shift of industrial operations such as textile & leather production from developed nations in North America and Western Europe into the Asia Pacific region over the past decade has boosted the market for technical enzymes.

Thursday, October 13, 2022

Carotenoids Market Will Hit Big Revenues In Future

The global carotenoids market size is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a compound annual growth rate (CAGR) of 4.2%, in terms of value, during the forecast period. Carotenoids are a group of yellow to red pigments, including the carotenes and the xanthophylls, found particularly in plants, algae, and photosynthetic bacteria and certain animal tissues. The increase in the usage of carotenoids as food colorants and the advancements end-user technologies are the major factors that are projected to drive the growth of the carotenoids market.
 
Carotenoids Market
 
 
Key carotenoids market players include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India). Product launches, expansions & investments, mergers & acquisitions, agreements, joint ventures, and partnerships were the dominant strategies adopted by major players. These strategies have helped them increase their presence in different regions.
 
KoninklijKE DSM (Netherlands), is a global science-based company engaged in health, nutrition, and materials businesses. The company operates through three segments, namely, nutrition, materials, and innovation center, and corporate activities. Carotenoids are offered under the nutrition segment and are used for a variety of applications in industries, such as food, feed, supplements, and pharmaceutical. The company is engaged in enhancing its market presence in the global carotenoids market through investments. For instance, in June 2018, Koninklijke DSM invested USD 3 billion to expand its nutrition business that includes carotenoids, vitamins, and enzymes.
 
BASF (Germany), is a leading chemical company, which manages its businesses through five segments, namely, chemicals, performance products, functional materials and solutions, agricultural solutions, and others. The performance products segment consists of four divisions, namely, nutrition &health, performance chemicals, dispersion & pigments, and care chemicals. Carotenoids are offered under the nutrition and health segment and have been categorized as animal nutrition (feed products) and human nutrition (food and beverage and supplements). It focuses on developing products to meet the EU regulatory requirements of feed. For instance, in September 2018, it launched new product lines, namely, Lucantin red 10% (Canthaxanthin), Lucantin Yellow 10% NXT ( C30 Ester), and Lucantin CX 10% NXT (Cintraxanthin) to meet the EU regulatory requirements for feed, which does not use antioxidant ethoxyquin.
 
 

The Europe region is forecasted to dominate the carotenoids market in terms of market share during the forecast period. This is due to the presence of consumers who are demanding natural and clean-label food products. The players in food and feed industry in Europe are widely using natural ingredients as a colorant in their products and easy availability of carotenoids makes it a preferrable option for these manufacturers. Furthermore, growing ageing population has led to increase in demand for carotenoids as it may benefit in curing cataract and other eye disorders.

Feed Antioxidants Market to Showcase Continued Growth in the Coming Years

The global feed antioxidants market is estimated to be valued at USD 356 million in 2019 and is likely to reach USD 474 million by 2025, growing at a CAGR of 4.9% during the forecast period. Factors such as the rise in demand for quality feed, improved technology for feed production, and an increase in the standardization of meat products stimulate the growth of the feed antioxidants market across the globe.
 
Feed Antioxidants Market
 
 
Among the animal segment, the feed antioxidants market was dominated by poultry in 2018. In poultry production, one of the major factors for feed is the cost, hence reducing feed costs per bird is a priority. Poultry production has to be efficient as feed has to be converted into meat and eggs. Feed costs can be reduced by adding feed additives such as enzymes and antioxidants, which increase digestibility and prevent the loss of nutrients, with the result that the poultry gains more nutritional value from the same amount of feed. Companies such as Cargill, Koninklijke DSM N.V., and Kemin provide feed antioxidants such as carotenoids, tocopherols, synthetic antioxidants and citric acid, BHT, butylated hydroxyanisole (BHA), and tocopheryl acetate for the poultry industry. BHT, BHA, and ethoxyquin are the most commonly used feed antioxidants for poultry.
 
The dry form dominated the feed antioxidants market in 2018. It experiences a higher demand among feed manufacturers, as it is easy to mix with feed, easy to store, and convenient to handle. Additionally, dry antioxidants such as powders, granules, and beadlets are more economical as compared to liquid alternatives.
 
The powder form of feed antioxidants dominated the dry feed antioxidants market. Powders witness higher demand as they are convenient to coat over the feed. In addition, as the size of the powder form is consistent, it helps to be coated on the feed easily. Antioxidants such as carotenoids, ethoxyquin, BHT, BHA, and TBHQ are available in this form. These antioxidants are preferred as they are also easy to use in combination with other feed antioxidants.
 
 

Asia Pacific accounted for the largest share in the feed antioxidants market. Asia, being the largest continent with a relatively fast economic development, is witnessing a rising demand for quality meat. Consequently, to produce quality meat, feed antioxidants are gaining importance. According to the Food and Agriculture Organization (FAO) 2016, the presence of a large livestock population and their growth rate drove the feed antioxidants market in the Asia Pacific region. The rise in demand for feed is leading to an increase in the number of feed mills in the region. Furthermore, countries such as India and Japan have witnessed an increase in the number of feed mills and feed production. According to the Alltech Feed Survey of 2018, the region experienced a 7% increase in its feed production from 356.5 million tons in 2012 to 381.1 million tons in 2017. While India and Japan demonstrate constant growth, China contributes to a significant share in the Asia Pacific feed production market. At the same time, Thailand and Indonesia are emerging as feed producing countries. Asia Pacific region has 80% of the global feed companies in this region. In addition, the hot and humid climate of the Asia Pacific region drives the demand for feed antioxidants. Thus, Asia Pacific is a highly competitive market in the feed antioxidants market.

Factors Driving the Controlled Release Fertilizer Market

The global controlled release fertilizers market is estimated at USD 2.4 Billion in 2021; it is projected to grow at a CAGR of 6.4% to reach USD 3.3 Billion by 2026. The necessity for highly efficient fertilizers, increase in environmental concerns, favorable government policies and regulations, and increasing adoption of precision farming technology are key factors that are projected to drive the growth of the controlled release fertilizer market during the forecast period.
 
 
The controlled release fertilizers market consists of a few globally established players such as Yara International ASA (Norway), Nutrien Ltd. (Canada), The Mosaic Company (US), ICL Group (Israel), Nufarm Ltd. (Australia), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemical (US), and SQM (Chile), Haifa Chemicals (Israel), JCAM AGRI Co., Ltd. (Tokyo), COMPO EXPERT GmbH (Germany), The Andersons Inc. (US), Van Iperen International (Netherlands). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.
 
Yara, formerly known as Norsk Hydro in 1905, changed its name to Yara International ASA in 2004, which is primarily engaged in the manufacture and marketing of fertilizers and industrial products. The company operates through major business segments, namely, fertilizer and chemical products, freight and insurance services. The company has its presence in 160 countries in Europe, Africa, Asia, North America, and South & Central America. Yara has 10,800+ retail outlets around the world. It operates through its subsidiaries, including Yara China Ltd. (China), Yara Guatemala S.A. (Guatemala), Yara North America, Inc. (US), Yara Colombia Ltda. (Colombia), Yara Hellas S.A. (Greece), and Yara Asia Pte. Ltd. (Singapore). It has global operations in more than 60 countries and sales offices in more than 160 countries. The company provides slow-release fertilizers and micronutrient-coated fertilizers through its brands, namely, YaraMila, YaraVita, and Yara Vera.
 
Nutrien, Ltd. was formed in 2018 through a merger between Agrium, Inc. (Canada) and Potash Corporation of Saskatchewan Inc. (PotashCorp) (Canada) to become one of the world’s largest premier providers of crop inputs and services. Nutrien Ltd. has the most extensive crop nutrient product portfolio, combined with its global retail distribution network, which includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tons of nitrogen, potash, and phosphate products for industrial, agricultural, and feed consumers worldwide, and the company also has an additional 5 million tonnes (5.5 million tons) of potash capacity. Nutrien Ltd. is the third-largest nitrogen producer in the world with over 7 million tonnes (7.7 million tons) of gross ammonia capacity and the ability to produce more than 11 million tonnes (12.1 million tons) of total nitrogen products in the US, Canada, and Trinidad. The company is involved in potash crop products (fertilizer, feed, industrial, metal finishing and purified acids) and Agrium products (Fertilizer, feed and industrial products). The company provides its fertilizer products in dry form and liquid form. The company offers fertilizer products such as nitrogen (dry), nitrogen (liquid), potash (dry), potash (liquid), industrial (dry), and industrial (liquid).
 
ICL, also known as Israel Chemicals Ltd., is a global manufacturer of fertilizers, chemicals, and minerals. It provides potash, phosphate, and advanced technology-based specialty fertilizers. Through specialty fertilizers, the company offers controlled-release fertilizers for crops such as ornamentals, fruits & vegetables, and turf. The company serves three key sectors, namely, agriculture, food, and engineered materials. The company operations are organized under four segments Industrial Products (Bromine), Potash, Phosphate Solution, and Innovative AG Solutions. Innovative Ag solution includes specialty fertilizer business. The company’s manufacturing operations are located in Israel, Europe, North & South America, and China.
 
 

Demand for controlled-release fertilizers has been growing in this region, due to increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality. Additionally, the regulations for controlled-release fertilizers are favorable in this region. China is estimated to account for the largest share in the Asia Pacific controlled-release fertilizers market due to the increasing investments by several multinational manufacturers in research & development.