COVID-19 Impact on the Digital Agriculture Market

The report "COVID-19 Impact on Digital Agriculture Market by Smart Farming Systems (Livestock Monitoring, Yield Monitoring, Crop Scouting, Field Mapping, Real-Time Safety Testing, and Climate Smart), and Region - Global Forecast to 2021", Post COVID-19, the global digital agriculture market size is estimated to grow from USD 5.6 billion in 2020 and is projected to reach USD 6.2 billion by 2021, recording a CAGR of 9.9%.

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“Precision farming is the most attractive end-user industry in the digital agriculture market.”

The precision farming market is likely to increase in the long term after the COVID-19 outbreak, as precision farming makes it possible to monitor the state of the crops while not being physically present through the usage of automation, minimizing the need to contact other people, which is crucial during these times. This farming is an approach where inputs are utilized in precise amounts to get increased average yields, compared to traditional cultivation techniques. However, in the short term, COVID-19 would affect the market and the growth of the market would be relatively slower in the first and second quarters of the year 2020 due to economic slowdown and inflation.

These practices save time and costs: reduce fertilizer and chemical application costs, reduce pollution through less use of chemicals. Also, they help in monitoring the soil and plant physiochemical conditions: by placing sensors to measure parameters such as electrical conductivity, nitrates, temperature, evapotranspiration, radiation, and leaf and soil moisture, so that the optimal conditions required for plant growth can be achieved. These factors help to obtain a greater output with limited labor force during this pandemic situation where there is a shortage of labor and thus would help in a regular supply of food, thereby ensuring food security.

“Farm labor management remains the worst affected market during COVID-19.”

With the COVID-19 outbreak, farm labor management remains worst affected in the digital agriculture industry. The pandemic has a significant negative impact on the livelihoods of millions of workers engaged in export-oriented, labor-intensive agricultural production in developing countries. The pandemic may also have a serious impact on processing due to labor shortages and the temporary cessation of production. For example, according to International Labour Organization (ILO) 2020, Europe’s agricultural sector is facing dramatic labor shortages due to border closures that prevent hundreds of thousands of seasonal workers from reaching farms that rely on their labor during the harvest period. The impact on the sector is expected to be long term. Many major European agricultural producers, including France, Germany, Italy, Spain, and Poland, are particularly vulnerable. According to Coldiretti, the Italian organization representing farmers, over a quarter of the food produced in the country relies on approximately 370,000 regular seasonal migrant workers.

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“Asia Pacific to be the fastest-growing market in digital agriculture market during the forecast period”

The market for digital agriculture, by region, has been segmented into Asia Pacific, Europe, the US, and RoW. The Asia Pacific segment accounted for the fastest-growing market in 2021, by value, in the digital agriculture market. Asia Pacific comprises the most populated countries such as China and India, with increasing demand for agricultural products. These countries are also the most two of the most affected countries during COVID-19. The government policies supporting the digitization of farm processes and the need for efficient usage of natural resources, and decreasing availability of migrant labor are expected to increase the adoption of digital agriculture techniques.

Some of the major players in the market are DTN (US), Farmers Edge (Canada), Taranis (Israel), Eurofins (Luxembourg), and AgriWebb (Australia). DTN specializes in subscription-based services for the analysis and delivery of real-time weather, agricultural, energy, and commodity market information. The company mainly operates through four business segments, namely, agriculture, energy, weather, and financial analytics. The company offers different smart farming systems through the agriculture segment. Its agriculture segment provides an analysis of commodity markets; hyper-local weather and disease insights to guide planting, growing and harvesting operations to farmers and agribusinesses; and a real-time pulse on the industry so they are aware of the trends and how they may affect their operations

Sustainable Growth Opportunities in the Biofertilizers Market

The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region - Global Forecast to 2025", The biofertilizers market is projected to reach USD 3.9 billion by 2025, from USD 2.3 billion in 2020, recording a CAGR of 11.6% during the forecast period. Rising awareness about the hazards of chemical fertilizers among consumers, soil degradation, nitrate emissions, along with government initiatives, is projected to witness significant growth during the forecast period.

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The biofertilizers market includes domestic companies suppliers like Madras fertilizers Ltd, National Fertilizers company Ltd, Jaipur Biofertilizers and Varsha Biosciences Biotech Pvt Ltd. These suppliers have their manufacturing facilities mainly across single region. Though COVID-19 has impacted their businesses as well but there is no significant impact on the supply chain of their biofertilizers. Multiple manufacturing facilities of players are still in operation. Due to supply chain disruptions, labour shortage, closure of food outlets, the supply hasn’t been able to cross the regional and national borders. But due to the increasing demand for food, will increase the production area in the future, once the crisis comes to standstill. However, the demand for biofertilizers is yet to increase after government relaxations.

Higher consumption of biofertilizers for organic fruits & vegetables contributes to the growth of the biofertilizers market in this segment

Biofertilizers have proved to be useful in numerous ways, including improving the quality, shelf-life, and yield of fruits & vegetables. The increasing trend of consumer preferences for organic fruits & vegetables due to changing lifestyle and rising per capita income is the primary factor driving market growth. A rising trend in the cultivation of organic fruits & vegetables and those under IPM practices have also created a positive impact on the growth of the biofertilizers market.

Based on the mode of application, the soil treatment segment is projected to witness higher growth in the biofertilizers market

Soil treatment methods increase the crop yield and help in fetching better results. When applied to the soil, it increases the availability of nutrients and improves the yield by 10 to 25% without adversely affecting the soil as well as the environment. Soil treatment is used mainly in the Asian region due to rampant use of traditional agriculture methods in the current farming system. Thus, the market for biofertilizers with soil treatment mode of application is estimated to propel during the forecast period.

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With the increasing demand for organic food products, North America is estimated to dominate the biofertilizers market in 2020

Changing lifestyle and increasing buying power among consumers has increased the demand for biofertilizers. High adoption of advanced irrigation systems such as drip & sprinkler irrigation and widespread acceptance of biofertilizers among the farmers is further propelling the market growth. The farmers in this region are highly skilled in terms of knowledge and machinery. Due to the rampant use of chemical fertilizers, the fertility of the soil is declining. To maintain soil fertility as well as the yield of crops, farmers are sustainably opting for biofertilizers.

This report includes a study of the development strategies of leading companies. The scope of this report consists of a detailed study of biofertilizer manufacturers such as Novozymes (Denmark), Kiwa-Biotech (China), Rizobacter Argentina S.A (Argentina), Lallemand Inc. (Canada) and Symborg (Spain).

Growth Opportunities in the Nematicides Market

The report "Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, Bionematicides), Mode of Application (Fumigation, Drenching, Soil Dressing, Seed Treatment), Nematode Type (Root Knot, Cyst), Crop Type, Form, and Region - Global Forecast to 2025", size is estimated to be valued at USD 1.3 billion in 2020 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as the growing demand for biological products and increasing number of product launches catering to the requirement of crop-specific nematodes drive the growth of the market.

Driver: Strong demand for high-value crops

High-value agricultural products are generally defined as agricultural products with a high economic value per kilogram (or pound), per hectare, or per calorie, which includes fruits, vegetables, meat, eggs, milk, and fishes. The key factors driving the demand for high-value crops (fruits, vegetables, and plantation crops) are the rise in the income of consumers, rapid urbanization, and the increase in awareness about health benefits associated with fruits & vegetables. Besides, an increase in foreign direct investment (FDI) has led to a surge in the production of high-value crops. The demand for nematodes is mostly found in high-value crops, such as pome fruits, grapes, cotton, tomato, maize, cotton, and other vegetable and ornamental crops, as they improve the crop quality and yield.

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Constraint: Pesticide residue problems

One key restraint in the crop protection chemicals market is the pesticide residue problem due to the non-judicious use of pesticides by the farmers. Pesticide residue problems are highly found in the crops grown in developing or under-developed countries. Countries such as Vietnam, Ghana, and the Philippines are known for such low-quality crop production, affected by pesticide residues. Though intensive farming is inevitable without the use of pesticides, farmers in developing countries tend to use excess pesticides, which then damage the crops. Thus, improper use and illegal import-export of pesticides, and lack of proper government regulations have resulted in pesticide residue issues and excessive application of toxic pesticides, thereby hindering the growth of the crop protection chemicals market.

Asia Pacific is projected to grow at the highest CAGR during the forecast period

The market for nematicides is projected to grow at the highest CAGR in the Asia Pacific region owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, peas, and cauliflower in the major vegetable-growing countries such as China and India. The regulatory scenario in the Asia Pacific region is comparatively more favorable for the launch of nematicides as compared to that of Europe and North America. There is also growing awareness among farmers about the use of bionematicides since the market for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

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 nematicides market. It consists of the profiles of leading companies such as Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Nufarm (Australia), UPL Limited (India), Isagro Group (Italy), Valent USA (US), Chr. Hansen (Denmark), Certis USA LLC (US), Marrone Bio Innovations (US), American Vanguard Corporation (US), Crop IQ Technology (UK), Real IPM Kenya (Kenya), Horizon Group (India), Agri Life (India), and T. Stanes & Company Limited (India).

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Key questions addressed by the report:

• Who are some of the key players operating in the nematicides market, and how intense is the competition?
• What kind of competitors and stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
• How are the current R&D activities and acquisitions in the nematicides market projected to create a disrupting environment in the coming years?
• What will be the level of impact of new product launches on the revenues of stakeholders, due to the benefits offered by the nematicides market, such as increasing revenue, environmental regulatory compliance, and sustainable profits for suppliers?
• Which regions are expected to show an increase in nematicide consumption based on data for regional infestation?

Humectants Market: Growth Opportunities and Recent Developments

The report "Humectants Market by Type (Sugar Alcohol, Glycerol, Alpha Hydroxy Acid & Polysaccharides, Glycols), Application (Food & Beverages, Oral & Personal Care, Pharmaceuticals, Animal Feed), Source (Synthetic, Natural), and Region - Global Forecast to 2022", The humectants market is projected to reach USD 26.27 Billion by 2022, at a CAGR of 7.0% from 2017, in terms of value. In terms of volume, the market is projected to reach 14,741.6 KT by 2022, at a CAGR of 3.9% from 2017.

The global humectants market is poised to grow at a significant rate in terms of value, which is evident from the on-going innovations & developments of end-use products in the industry. Growing consumer preference for healthy food, rising concerns about animal health & nutrition, and a rise in demand for superior oral & personal care products are the factors majorly driving the humectants market, worldwide.

The food & beverage segment, by application, dominated the humectants market in 2016. Factors such as rise in health-conscious consumers, growth in aging population, increase in consumer awareness regarding nutritious diet, and rise in consumer health concerns related to the consumption of high-calorie foods are expected to drive the humectants market in food & beverage segment. The oral & personal care products segment is projected to grow at the second-highest CAGR during the forecast period, followed by the pharmaceuticals segment.

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The sugar alcohols segment dominated the market in 2016, by type, owing to its better nutritional profile as humectants and its dominant usage in major end-use applications such as bakery and confectionery products, fruits & vegetables, fruit & vegetable juices, oral & personal care products, pharmaceuticals, tobacco, plastics, and tanneries.

The Asia-Pacific region is projected to be the fastest-growing market for humectants, owing to its growing economy with a large population base ready to spend on functional & nutritional food and the rapidly growing consumer markets of China, India, and Japan.

The eco-friendly production process of bio-based propylene glycol has led to the growth in the usage of propylene glycol. The growing automotive industry in the Asia-Pacific region is also driving the market as propylene glycol is widely used in engine coolants and sheet molding compounds. Glycerine is one of the major humectants used in this region; this growth is due to the rapidly increasing consumption in countries such as China and India for personal care products.

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This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill (U.S.), The Dow Chemical Company (U.S.), Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), and Roquette Frères (France). Other significant players include Ingredion Incorporated (U.S.), BASF SE (Germany), Brenntag AG (Germany), Barentz (Netherlands), Ashland Global Holdings Inc. (U.S.), Batory Foods (U.S.), and Corbion (Netherlands).

Target Audience:

• Humectant manufacturers
• Government bodies and research organizations
• Regulatory bodies
• Organizations such as the FDA, the EFSA, the USDA, and FSANZ
• Other local & regional government agencies
• Intermediary suppliers
• Traders
• Wholesalers
• Dealers
• Consumers

Upcoming Growth Trends in the Organic Acids Market

The global organic acids market was valued at USD 8.27 billion in 2016 and is projected to reach USD 11.39 billion by 2022, at a CAGR of 5.5% during the forecast period. The market is growing due to wide scale usage of organic acids in various applications such as food & beverages, personal care products, and pharmaceuticals. Growing demand for convenience food and technological innovations, and production of organic acids from cost effective renewable sources are other factors driving the market growth. Furthermore, increased usage of organic acids in animal feed as a substitute of antibiotic growth promoters (AGP) is another factor that is expected to drive the market for organic acids during the forecast period.

The acetic acid segment, accounted for the largest share in the organic acids market in 2016.

On the basis of type, the acetic acid segment accounted for the largest share in the organic acids market in 2016 followed by citric acid. Acetic acid is used majorly in food & beverage industries due to its antibacterial and antifungal properties. Bakery and confectionery industries use acetic acid and citric acid to prevent bacterial and fungal growth in their products. Citric acid also has applications as a cleaning and chelating agent, water treating solvent, and in the cosmetics industry.

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Food & beverage application segment accounted for the largest share in the organic acids market in 2016

Organic acids are used extensively in food & beverages. Acidic extracts may act as buffers to regulate acidity, antioxidants, preservatives, and flavor enhancers in food-grade products. Although organic acids have been used to counteract pathogens in food for many years, there is an important need to evaluate and improve their continued effectiveness and sustainability. There is also a growing demand for foods that are produced using milder treatments, which include heat, salt, sugar, and chemicals. New technologies to prevent the growth of harmful bacteria are introduced, thereby increasing the demand for organic acids in food & beverages applications.

Asia Pacific is projected to witness the highest growth rate during the forecast period.

Asia-Pacific accounted for the largest market share for organic acid in 2016, owing to the increase in demand for organic acid in countries such as China and India. Asia-Pacific is projected to be the fastest-growing market during the forecast period, due to the increased awareness related to the health benefits of organic acid. The relatively lower operational costs in this region enable manufacturers to have competitive pricing on a global platform. In this region, countries are less stringent, in terms of regulations, over the trade and domestic marketing of food additives. Organic acids are manufactured on a large scale in China and are exported to international markets.

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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Cargill (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), Henan Jindan Lactic Acid Technology Co. Ltd (China), Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.), Corbion (Netherlands), Myriant Corporation (U.S.), Polynt-Reichhold (Italy), Tate & Lyle (U.K.), Koninklijke DSM N.V. (Netherlands), and E.I. Du Pont De Nemours & Company (U.S.).

Reasons to buy this report:

• To get a comprehensive overview of the organic acids market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the organic acids market is flourishing

Planting Equipment Market Growth Opportunities by 2022

The report "Planting Equipment Market by Type (Air Seeders, Seed Drills, Planters), Design (Automatic and Mechanical), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2022", The planting equipment market is estimated at USD 15.82 Billion in 2017, and is projected to reach USD 21.43 Billion by 2022, at a CAGR of 6.27% during the forecast period. The primary factors driving the planting equipment market are mechanization in the agriculture industry to increase the yield, reducing arable land for agriculture, less availability of skilled labor, and adoption of contract farming in the planting equipment market.

The planting equipment market is segmented on the basis of type, design, crop type, and region. On the basis of type, the market is segmented into air seeders, seed drills, planters, and others (transplanters, broadcast seeders, and box drill seeders), among which the seed drills segment accounted for the largest market share in 2016. Seed drills are inexpensive and low in maintenance as compared to other types of seeders and planters. They are also compatible to small and medium sized farm land by acreage owing to which they are preferred.

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The planting equipment market, by design, is segmented into automatic and mechanical. The mechanical segment accounted for a larger market share in 2016. This is due to the affordability of the equipment that are mechanical in nature, and their greater suitability in small-to-mid ranged farm land, by acreage.

The planting equipment market, by crop type, is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others (turf and turf grasses). The cereals & grains segment accounted for the largest market share in 2016, due to increase in the area under cultivation for cereals and grains across the globe and better agricultural practices adopted by the farmers which involves the usage of seed drills in planting the seeds.

The European region accounted for the largest market share, by region, in 2016, for the planting equipment market. The market in Europe is more wide spread among all the regions. The extensive R&D activities helped in the introduction of customized and crop-specific equipment. The distribution network of manufacturers is well-established in many countries. The government in many countries, as well as the regional bodies, have supported policies; for instance, Common Agricultural Policy (CAP) in Europe assists farmers to comply with sustainable agricultural practices by providing subsidies and financial aids to adhere to the strict regulations for agricultural products and equipment across Europe.

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The companies profiled for this report are Deere & Company (U.S.), AGCO Corporation (U.S.), Buhler Industries, Inc. (Canada), Kinze Manufacturing, Inc. (U.S.), Case IH Agricultural Equipment, Inc. (U.S.), Bourgault Industries Ltd. (Canada), Seed Hawk Inc. (Canada), SeedMaster Manufacturing Ltd. (Canada), Morris Industries Ltd. (Canada), Stara S/A Indústria de Implementos Agrícolas’ (Brazil), Kasco Manufacturing Co., Inc. (U.S.), and Davimac Pty. Ltd. (Australia).

Targeted Audience: 

• Pre harvest planting manufacturing equipment suppliers
• Agricultural institutes
• Agrochemical & seed manufacturers and suppliers
• Intermediary suppliers
• Wholesalers
• Traders
• Research institutes and organizations
• Regulatory bodies
• Farmers

Essential Oils Market to Witness Unprecedented Growth in Coming Years

The global essential oils market size is projected to reach USD 11.19 Billion by 2022, at a CAGR of 8.83% from 2017 to 2022. The shifting trend towards preventive healthcare, coupled with an improved standard of living among consumers, are the major factors driving the market. Also, increasing cases of depression and anxiety disorders among consumers are seen to be contributing to the growing demand for essential oils from the aromatherapy industry. The market has been segmented based on product type, method of extraction, application, and region.

The objectives of the study include the following:

• To define, segment, and measure the size of the essential oils market concerning its product type, method of extraction, application, and region
• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders
• To project the size of the market in terms of value and volume, for four regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their core competencies
• To analyze the competitive developments such as new product launches & developments, acquisitions, mergers, expansions & investments, agreements, and joint ventures in the market

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Aromatherapy projected to be the fastest-growing segment in the essential oils market, by application, during the forecast period 2017–2022

Essential oils are volatile liquid substances extracted from aromatic plant material by different types of extraction methods. They have potent antioxidant and anti-microbial properties and can be used to treat depression and stress-related diseases. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, result in an increase in demand for aromatherapy.

On the basis of method of extraction, the distillation segment is estimated to be the largest market in the essential oil industry in 2017

Distillation is the process of separating components of a mixture by evaporating and then condensing the vapor into liquid. It is a technique which is slightly volatile, where the water-insoluble substances are separated from nonvolatile materials by means of distillation. Different types of distillation methods are used such as water distillation, water & steam distillation, and steam distillation for extraction of oils. Distillation is one of the primary methods used for extraction in essential oil industries.

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Significant growth for essential oil is observed in the Asia-Pacific region

The Asia-Pacific region is segmented into China, Japan, India, Australia & New Zealand, and Rest of Asia-Pacific. The increase in preference of consumers for natural essential oil ingredients such as peppermint & spearmint and rise in purchasing power parity in the region is driving the demand for essential oils in applications such as aromatherapy, health care, and food & beverages.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies in essential oils market. It includes the profiles of leading companies such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), and Givaudan SA (Switzerland).