Monday, July 31, 2023

Agricultural Sprayers Market to Showcase Continued Growth in the Coming Years

The Agricultural Sprayers Market is projected to reach USD 3.5 billion by 2027, recording a CAGR of 6.8% during the forecast period. It is estimated to be valued at USD 2.5 billion in 2022. Farming equipment are essential to enhance crop yield and cut down the labor cost. Over the past few years, agricultural sprayers have become important for farmers for spraying fertilizers, as well as other chemicals such as herbicides and pesticides during the harvest time as per the need. Technological developments permit farmers to apply chemicals in an effective manner. Therefore, the market for agricultural sprayers has gained a momentum because change in farming techniques and technological adoption. The global market can be classified based on type, farm size, nozzle type, power source, capacity, crop type, usage, and region.

Agricultural Sprayers Market

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Driver: Growing focus on farm efficacy to increase yield

Farmers or growers are not only faced with different challenges associated to farm functions but also various market challenges. Some of the market challenges include fluctuating prices, uncontrollable weather conditions, finding buyers for their product, and lack of natural resources. The newer technology versions of agricultural sprayers have provided various benefits to the farmers, such as low cost, increased spray efficiency, safety, and less damage to the crops and environment. This is substantially increasing the demand for agricultural sprayers in the global market.

Restraint: High capital investment is needed for technologically-advanced farm equipment

New farming technologies such as GPS, drones, and GIS to collect input data, variable rate technology, and satellite devices are expensive as compared to other non-tech devices and need huge capital investment. The majority of the farmers are marginal farmers or small landholding farmers who find it difficult to invest in expensive equipment. This restraint is particularly high in developing countries such as India, China, and Brazil. Currently, most developing countries are importing farming equipment from other countries, which increases the product cost, which in turn expected to lower the market growth of agricultural sprayers in near future.

The cereals segment holds the largest market share in the global agricultural sprayers market

The cereals segment comprises corn, rice, wheat, barley, and other cereals & grains. The use of agricultural sprayers helps farmers cover larger farm sizes and protect crops, resulting in higher crop yield. Agricultural sprayers involve high demand from cereal producers to increase crop yield. The market for agricultural sprayers is expanding as a result of the growing demand for grains and cereals in consumers' diets.

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Asia Pacific dominated the agricultural sprayers market, with a value of USD 932.2 million in 2021; it is projected to reach USD 1430.4 million by 2027, at a CAGR of 7.5% during the forecast period.

In developing countries, the markets for agri-food products are changing rapidly, becoming increasingly open and homogenized toward international standards. Acquiring technical know-how and financial resources to incorporate standards such as quality assurance, safety, and traceability is difficult to do as it marginalizes many small and medium farms and agro-enterprises. Adoption of Unmanned aerial vehicles (UAVs) in Australia, high dependency on agriculture in India, and increasing export of agricultural machineries in China are some of the important factors fueling the Asia-Pacific agricultural sprayers market growth in the near future.

Thursday, July 27, 2023

Food Inclusions Market Growth Opportunities by 2027

The food inclusions market is projected to reach of USD 18.7 billion by 2027, recording at a CAGR of 6.9%. It was estimated to be valued at USD 13.4 billion in 2022. The changing dynamics, owing to the factors such as the changing consumer requirements, industrial investments, R&D, increasing stringency of food regulations, and greater urge among industry players to attain the market leadership position, have led to continuous innovations in product offerings by market players, which are aligned with consumer demand.

Food Inclusions Market

Food inclusions have enabled food & beverage manufacturers to improve organoleptic properties, especially in terms of flavor, taste, texture, and appearance. As a result, mass-marketed products and products such as oats and cereal specifically targeted at health-conscious consumers are gaining significant demand from consumers, owing to their inclusion content. The use of inclusion has also aided product manufacturers in adopting and continuing with their marketing strategies and positioning their products as "healthy" without violating the prevailing norms of food labeling.

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Opportunities: Product premiumization, functional food products, and resultant new product development to present growth opportunities

Premiumization of products is gaining global significance, with consumers increasingly willing to spend extra on premium products. The word "premium" is associated with the aspect of "quality" and "indulgence" along with other factors, such as "safety." Owing to this, consumers prefer to pay that little extra in mark-up price. As the trend of premiumization is on the rise, it presents an opportunity for growth in the range of premium products for food inclusion manufacturers. The category of functional food segments within premium products currently offers significant opportunities for growth in the consumption of food inclusions.

By application, the cereals products, snacks & bars segment is projected to dominate the food inclusions market in the forecasted period.

Food inclusions, with their ability to enhance organoleptic properties and nutritional profile, are ideal ingredients for addition in cereal products, snacks & bars, as they enhance product appeal. Consequently, inclusions are significantly consumed for use in products in this category, as their content has become the Unique Selling Proposition (USP) and core factor of product marketing.

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The Asia Pacific is estimated to be the fastest-growing region in the global food inclusion market in 2021. The Asia Pacific food inclusion market countries include China, India, Japan, Australia, New Zealand, and the Rest of Asia Pacific.

The immense growth in the processed food industry and the growing consumer demand for convenience food such as bakery products, breakfast cereals, and snack bars in food products are the major factors driving the food inclusion market growth. Other major factors that drive the food inclusion market growth are changes in consumer tastes and preferences, increasing population density and education level, increasing health awareness of the population, and rising economic status and living standard of people.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as ADM (US), Sensory Effects (US), Barry Callebaut (Switzerland), AGRANA Beteiligungs-AG (Austria), Taura Natural Ingredients Ltd. (New Zealand), and Nimbus Foods Ltd (UK).

Frozen Food Market Projected to Garner Significant Revenues by 2025

The frozen food market size was valued at USD 244.3 billion in 2020 and is projected to reach a value of about USD 312.3 billion by 2025, at a CAGR of 5.0%. Developments in the retail landscape, rising demand for convenience food, and technological advancements in the cold chain market are the major driving factors for the market. On the other hand, the rising preference for fresh and natural food products is a restraining factor for the frozen food market.

Frozen Food Market

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Drivers: Rising demand for convenience food

The increasing consumer preference toward convenience foods indirectly favors the increasing demand for frozen products as they require less time and effort as compared to cooking from scratch. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for frozen products. Increasing disposable income is also one such factor that has a huge influence on the growth of the frozen food market as it increases the buying power of consumers.

Restraints: Rising preference for fresh and natural food products

To some consumers, frozen food is thought of as a product that is an inferior substitute for fresh food, which is one of the major restraints for this market. There is a notion that food processed a year or more before it is consumed could not be nutritious. However, statements such as “frozen produce can be just as good as the fresh stuff in terms of nutrition” from the US Food and Drug Administration (FDA) and the International Food Information Council (IFIC) about the nutrient content of frozen food are changing the consumer perception. Nutrients such as vitamin C and folate can change with the change in temperature while food items stored at varying temperatures can lose their nutrients. Since frozen foods are stored at a constant low temperature, they do not lose such essential nutrients.

The convenient & ready meals segment is estimated to dominate the global market in 2020.

By product, the convenient & ready meals segment is estimated to dominate the global market in 2020. This is due to the changing and busy lifestyles of people, globally, which has increased the consumption of frozen foods, globally. Frozen foods are easy to prepare and take less time for preparation. They are healthy and have high nutritional value. Frozen food export business has also increased in recent times due to the high acceptance of these products among consumers and brand awareness among developing countries.

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Europe accounted for the largest share in the frozen food market

Europe accounted for the largest market share in the market. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of frozen food are the key factors driving the demand for frozen food in the region.

The key players in this market include General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), Lantmannen Unibake International (Denmark), Cargill (US), Europastry S.A. (Spain), JBS (Brazil), Kidfresh (US), Aryzta (US), Kuppies (India), OOB Organics (New Zealand), Omar International Pvt Ltd (India), Bubba Foods (US), Shishi He Deming (China), and Smart Price Sales & Marketing (US), Chevon Agrotech Pvt Ltd (India), and Omar International Pvt Ltd (India).

Wednesday, July 26, 2023

Feeding Systems Market to Record Steady Growth by 2027

The Feeding Systems Market is projected to reach USD 3.9 billion by 2027, recording a CAGR of 7.7% during the forecast period . It is estimated to be valued at USD 2.7 billion in 2022. A feeding system allows a large number of animals to be fed in a short time so that each animal gets its portion of the allotted feed. The goal is for each animal to have an equal opportunity to eat an equal amount of feed simultaneously. A feeding system allows a large number of animals to be fed in a short time so that each animal gets its portion of the allotted feed. The goal is for each animal to have an equal opportunity to eat an equal amount of feed simultaneously.

Feeding Systems Market

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Opportunities: Rising demand for livestock monitoring services in automated feeding systems

To cater to the rising demand for better quality and quantity of milk and dairy products, livestock producers are increasingly using advanced approaches for animal feeding. This trend is expected to drive the demand for livestock monitoring products and technologies. Owing to the availability of advanced livestock monitoring technologies, developed countries are expected to continue to account for a larger share of the demand compared to developing countries across the Asia Pacific and South America. However, with the growing adoption of advanced technologies, the Asia Pacific and Latin American livestock monitoring markets are expected to grow at a higher rate compared to developed markets across North America and Europe.

Self Propelled Feeding Systems are in High Demand

Self-propelled feeding systems are the most advanced and flexible systems available in the market. Many dairy farms in North America have already adopted these systems because of various advantages associated with them compared to conventional feeding systems. Advantages of self-propelled feeding systems include flexible operation, a decrease in labor cost, and maximum feeding optimization.

Ruminant Segment Under the Livestock Category is Projected to Dominate the Feeding Systems Market

The ruminant species such as cattle, sheep, goats, and buffaloes are mainly reared for producing dairy and meat products in developing and developed countries. Feeding ruminants at the required time is necessary for enhancing digestion and production efficiency. It helps to improve the feed conversion and absorption and strengthens their immune system. Feeding systems help farmers to provide feed products that align with the requirements of ruminants and help in maintaining the health of a large herd. The consumption of beef has also increased in various regions such as North America and Europe.

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Europe is projected to account for the majority of share in the global feeding systems market during the forecast period

This region comprises major economies such as the UK, Germany, France, Italy, Spain, and the Rest of Europe. Europe is expected to offer a huge platform for the potential growth of the feeding systems market. The EU dairy sector is the second-largest agricultural sector in the region, representing more than 12% of the total agricultural output. Various innovations are done by companies over a period to help farmers. The European poultry meat sector follows production methods in compliance with the very strict EU rules applied throughout the production chain. The current standards in place for EU poultry meat are among the highest in the world, focused on continuing to improve production conditions in terms of resource conservation and animal welfare. This is one of the major reasons to adopt feeding systems so that farmers can monitor livestock health regularly, maintain hygiene, and feed regularly with an appropriate amount of nutrition.

The key players in this market include DeLaval (Sweden), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), ScaleAQ (Norway), BouMatic (US), Pellon Group Oy (Finland), Rovibec Agrisolutions (Canada), CTB, Inc. (US), Afimilk Ltd. (Israel), Dairymaster (US), Maskinfabrikken Cormall A/S (Denmark), and JH AGRO A/S (Denmark).

Tuesday, July 25, 2023

Biological Seed Treatment Market to Witness Unprecedented Growth in Coming Years

The biological seed treatment market is projected to reach USD 1.7 billion by 2025, and it was valued at USD 0.9 billion in 2020. It is expected to grow with CAGR of 11.9%. The market is influenced by the adoption of sustainable agricultural practices, along with strong investments being made by major market players in the research and development of these products. The agricultural and environmental benefits associated with these biological seed treatment solutions are the major factors contributing to the growth of this market globally. Beneficial microorganisms and plant extracts are projected to act as important tools that could help reduce the usage of synthetic fertilizers and chemical pesticides, thereby reducing the investments by farmers and environmental risks.

Biological Seed Treatment Market

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The demand for biological seed treatment has significantly increased as a result of high awareness of their potential and the growing attention to the environmental and health risks associated with conventional chemicals. Chemical seed treatments are detrimental to the environment and pose a serious risk to pollinators. The neonicotinoid class of insecticides is considered highly toxic to honeybees. Microorganisms employed as active substances in pest management are recognized as generally safe for the environment and non-target species, in comparison with synthetic chemicals.

The Microbial segment is projected to be the largest and fastest growing type of biological seed treatment market during the review period, in terms of value.

The biological seed treatment is categorized into two types namely microbial and botanicals. The microbial segment accounted for the largest share in the global biological seed treatment market due to the higher demand for biofungicides and bioinsecticides. These microbial seed treatments is carried out by beneficial microorganisms which can reduce the fertilizer and pesticide applications and increases the yields, with economical price.

Fastest-growing segment by function: Seed protection segment

On the basis of function, the global market has broadly been segmented into seed enhancement and seed protection. Biological seed treatments aimed at seed protection provide targeted control of certain pests and fungal diseases during the early seedling stage. Biological seed treatments are used on multiple crops to control a variety of pests. It ensures uniform stand establishment through defense against numerous soil-borne pathogens and insects.

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North America region’s increasing preference for high quality produce

The increasing agricultural practices and requirement of high-quality agricultural produce are factors that are projected to drive the biological seed treatment market growth in this region. The government policies adopted by developed countries for the ban on key active ingredients are the major factors encouraging the growth of this market in North America region. Hence, North America is projected to be the fastest-growing region in the global market. RD investments for the development of biological seed treatment and installation of new production capacities by key players are projected to drive the market growth in the next five years.

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Syngenta Group (Switzerland), Corteva Agriscience (US),  Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US), Koppert Biological Systems (Netherlands), and Italpollina (Italy).

Monday, July 24, 2023

Rodenticides Market Will Hit Big Revenues In Future

The global Rodenticides Market is predicted to experience a 5.8% compound annual growth rate, leading to a revenue surpassing USD 7.1 billion by 2027. This thriving industry, valued at USD 5.4 billion in 2022, is on a path of substantial growth. The rising concern for environmental pollution and public health hazards posed by vector-borne diseases is fueling the global demand for rodent control services. The growing population, coupled with the overexploitation and degradation of limited resources, is contributing to the degradation of the ecosystem, leading to global warming and temperature rise. These factors, in turn, are indirectly strengthening pests' ability to survive in different seasons, as evidenced by the migration of tropical pests away from the equatorial region due to global warming.

Rodenticides Market

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Drivers: Displacement of rodents due to urbanization

Urbanization is one of the key factors encouraging land use, particularly in developing countries, where 90% of the people are expected to be residents of urban areas. Moreover, urbanization is expected to impact public health due to the shift of rural pathogens adapting to the urban environment and increasing their number.

According to an article by Rentokil, it has been observed that the construction of new buildings is increasingly displacing the rat population across regions. As per the report by Building and Construction Authority (BCA), the need for construction in the country is increasing. Some construction activities in rural areas disturb the nesting area of rodents, such as rats, and thus encourage them to relocate to another urbanized location.

According to a recent article posted in Frontiers, Norway, black rats are considered the urban rats that inhabit cities worldwide. They adapt to environmental changes caused by humans and thus survive easily. Hence, the increase in the levels of urbanization creates the need for rodent control, majorly in the urban areas of developing regions.

Opportunities: Increase in demand for rodent pest control services from the hospitality and tourism sectors

With the growing interest in recreational activities and aesthetics among consumers, the demand for maintenance services to control rodent pests and their possible damages are the key factors that are projected to drive the market growth for rodenticides shortly. The entertainment sector, warehouses, construction companies, the food service segment, pharmaceutical companies, and the hospitality sector play an important role in encouraging the demand for pest control products & services, particularly for rodents. The economic losses due to the damages caused by pests, such as rodents, affect the tourism industry. The growth of the hospitality and entertainment sectors in urban areas due to the high purchasing power among consumers has driven the demand for rodent control products.

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The Asia Pacific region is projected to witness the highest growth rate in the rodenticides market, with a value of USD 1.1 billion in 2021; it is projected to reach USD 1.6 billion by 2027 at a CAGR of 6.5% during the forecast period.

The Asia Pacific region is among the fastest-growing markets for rodenticides. The high concentration of urban population poses a high growth potential for rodent control service providers. The effects of climatic changes and, in some instances, the negligence toward sanitary conditions in urban slums have resulted in multiple disease outbreaks. Improvements in legislation and policies surrounding the requirement of pest control have benefitted rodenticides manufacturers in the Asia Pacific region.

A majority of Asian countries are adopting mechanical modes of rodent control. However, due to the increased awareness of the effectiveness of chemical rodenticides, the market is projected to witness higher growth in the region. According to the rodent distribution map provided by National Geographic, the rodent population is concentrated in a few countries, such as China and India. With the growing epidemics in these countries, eradicating the rodent population is of prime importance. Government initiatives supporting public hygiene are one of the major factors encouraging the growth of the rodenticides market in the Asia Pacific.

Friday, July 21, 2023

Factors Driving the Agriculture Adjuvants Market

According to a research report"Agriculture Adjuvants MarketFormulation (Suspension Concentrates, Emulsified Concentrates), Adoption Stage (In-Formulation, Tank Mix), Function (Activator Adjuvants, Utility Adjuvants), Application (Insecticide), Region - Global Forecast to 2028"published by MarketsandMarkets, the global agriculture adjuvants market will grow from USD 3.8 billion in 2023 to USD 4.8 billion by 2028, growing at a CAGR of 4.7% during the forecast period. Farmers are increasingly looking for ways to improve the efficiency of crop protection programs reduce the environmental impact. Adjuvants boost the performance of pesticides and fertilizers by increasing their efficacy, coverage, and retention, thus making farming more sustainable by reducing the number of chemicals used. The need for increased food production and sustainable crop protection through agricultural adjuvants is growing.

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The cereals grains crop type segment held the largest market share in the agricultural adjuvants market in 2022

Agricultural adjuvants play an essential role in agricultures cereal and grain segment. According to FAO, in 2022/23, global cereal production stood at 2,786.6 million tons, with wheat contributing 800.9 million tons and rice 516.9 million tons of production. With the growing production and demand for cereals grains, the utilization of agricultural adjuvants is growing. Celeral grains are consumed as a staple food in most countries worldwide, and protecting these crops from weather, pests, and weeds requires agricultural adjuvants. This is increasing the demand for agricultural adjuvants in cereals grains.

Tank-mix adjuvants are in the fastest-growing adoption stage in the agricultural adjuvants market.

Adjuvants are added separately into the spray tank, and pesticides or herbicides are known as tank-mix adjuvants. Tank-mix adjuvant ensures high performance, drift reduction, improved spray coverage, and increased absorption into the target crops. The farmers are increasingly using tank-mix agricultural adjuvants as they can customize and adjust on a case-to-case basis. Customization ensures desired performance characteristics while treating the targeted pest or weed; hence, the demand has been accelerating.

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North America held the largest share of the agricultural adjuvants market in 2022

The demand for agriculture adjuvants in North America is witnessing significant growth due to several key factors. The cultivation of industrial crops such as corn and soybean has been gaining pace in North American countries, driving the agricultural adjuvants market growth. According to the United States Department of Agriculture (USDA) reports, in 2022, the US produced 13.7 billion bushels of corn and 4.28 billion bushels of soybean. Though the production of both these crops fell in 2021, the consumption of agricultural adjuvants is growing in the region at a significant pace.

Major players operating in the agricultural adjuvants market include Corteva Agriscience (US), Evonik Industries AG (Germany), Croda International Plc (UK), Nufarm Limited (Australia), Solvay SA (Belgium), BASF SE (Germany), Huntsman International LLC. (US), Clariant AG (Switzerland), Helena Agri-Enterprises, LLC (US), WILBUR-ELLIS AGRIBUSINESS (US), Precision Laboratories, LLC (US), and CHS Inc. (US).