Aquaculture Market Size, Share and Market Forecast to 2025 | Key Players: Pentair plc, AKVA Group, Xylem Inc.

The global aquaculture market size is projected to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a CAGR of 7.2% during the forecast period. The aquaculture market is driven by increasing consumption of aquaproducts, rise in cage aquafarming, and the decline in the value of captured fishes. Furthermore, advancements in aquaculture technology and seafood trade are also driving the demand for aquaculture products. However, stringent food safety regulations associated with the consumption of aquaculture food products is projected to hinder the market growth.

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The pharmaceuticals segment in the aquaculture market is projected to be the fastest-growing segment, in terms of value

The demand for pharmaceutical products in aquaculture has increased due to their role in promoting growth and preventing diseases in fish. Further, increasing R&D in the pharmaceuticals sector has facilitated higher acceptance of drugs, medicated feed, and vaccines, specifically in developed countries such as the US and Canada. Additionally, there has been a growing adoption of in-feed medication for fish to prevent the large-scale spread of diseases across Europe, given the limited use of antibiotics in the region.

Key Players:

Pentair plc, (US)
AKVA Group (Norway)
Xylem Inc. (US)
Aquaculture Equipment Ltd. (UK)
Aquaculture System Technologies (US)
Luxsol (Belgium)
Pioneer Group (Taiwan)
CPI Equipment Inc. (US)
Asakua (Turkey)

The aquatic animals segment is projected to account for the largest market share during the forecast period

The aquatic animals segment is further divided into crustaceans, mollusks, finfishes, and others. The growing demand for protein-rich food in developing countries such as India, Bangladesh, Indonesia, and Vietnam is driving the demand for aquatic animals. Additionally, the government support for fish aquafarming, specifically in Asia Pacific and Africa is growing to mitigate poverty levels, as aquaculture is an important source of employment in the coastal regions of these countries; hence, several aquaproduct manufacturers are encouraged to invest in these two regions.

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The Asia Pacific market is projected to account for the largest share during the forecast period

Asia Pacific is projected to account for the largest market share during the forecast period, due to the rising consumer demand for aquaculture food products and the increasing industrialization of aquafarming. Furthermore, according to FAO, Asia has the largest inland and marine culture cultivation of aquatic plants, with freshwater culture acquiring more than 50% and marine water acquiring more than 30% of the total aquatic animal cultivation, globally, which drives the aquaculture market. Additionally, the adoption of new technologies and modern tools is also driving the market growth in this region.

Process Equipment Market for Seed Industry: Drivers, Restraints, Opportunities, and Challenges

Process equipment market for seed industry includes processed seed market and seed processing equipment market. The processed seed market is projected to reach a value of USD 91.32 billion by 2022, growing at a CAGR of 10.2% during the forecast period. The seed processing equipment market, on the other hand, is projected to reach USD 3.25 billion by 2022 from 2017, at a CAGR of 10.2%. This market is projected to grow at a high rate due to the necessity to increase the food production, with the decrease in arable land. Furthermore, greater acceptance and area under GM crop, followed by the increase in globalized trade for processed seed, are some of the major factors driving the growth of the market, globally.

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In the processed seed market, on the basis of crop type, the fruits & vegetables segment is projected to grow at the highest CAGR during the forecast period. The increase in demand for vegetables & fruits and limited production have driven the demand for high yielding traits and commercial seed products. Also, the growing awareness among farmers in developing countries about the benefits of processed seed over farm-saved seed is driving the production of processed seed around the globe.

Market Dynamics:

Drivers:

Increasing Acceptance and Area Under GM Crop
Increasing Global Trade for Processed Seed
Increasing Awareness in Developing Countries

Restraints:

High Price of Processed Seeds

Opportunities:

Improving Seed Replacement Rate in Developing Countries
Arrival of New Technologies With Potential Advantages on Existing Conventional Crops

Challenges:

Regulations in GM Crop

On the basis of method, the processed seed market is segmented into mechanical, biological, and chemical. The biological segment is projected to grow at a higher CAGR during the forecast period. The high growth of the segment is attributed to the increase in the demand for organic products and organic farming, which has led the growth of the biological processed seed and also led to the increase in scientific development of biological control agents in the crop protection industry.

In the seed processing equipment market, on the basis of type, the market for coaters is projected to grow at the highest CAGR during the forecast period. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has driven the demand for the coated processed seed products, thus boosting the demand for coaters in the developing countries.

In the Asia Pacific region; the market is projected to grow at the highest CAGR during the forecast period. The major factors for this growth are increasing awareness about the benefits of processed seed and increasing demand for food in the region. This has led to increased processing, which acted as a major driver for the seed processing equipment market.

Growing Demand for Seafood Products and Protein Intake to Drive the Demand for Aquaculture

“Farming implies some form of intervention in the rearing process to enhance production, such as regular stocking, feeding, protection from predators, etc.,” as defined by the Food and Agriculture Organization (FAO). Aquaculture is the farming of aquatic organisms, such as fish, mollusks, crustaceans, and aquatic plants.

MarketsandMarkets projects that the global aquaculture market is to grow from USD 30.1 billion in 2018 to USD 42.6 billion by 2023, recording a compound annual growth rate (CAGR) of 7.2% during the forecast period. The decline in the amount of captured fish and rise in consumption of fishes due to their protein and omega-3 fatty acid content are projected to drive the growth of the aquaculture market. Furthermore, rising trade of seafood is also propelling the market demand.

Report Objectives:

Determining and projecting the size of the aquaculture market, with respect to rearing product type, culture, species, production type, and regional markets, over a five-year period ranging from 2018 to 2023
Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
Analyzing the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total market
Identifying and profiling key market players in the aquaculture market
Providing a comparative analysis of the market leaders on the basis of the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
Analyzing the value chain, products, and regulatory frameworks across key regions and their impact on the prominent market players
Providing insights into key product innovations and investments in the aquaculture market

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The freshwater aquaculture segment is estimated to dominate the market in 2018, as it an important sector of many economies such as Asia Pacific and South America and is considered to be important in sustaining the livelihoods of many rural communities. Further, advancements in pond aquaculture and the introduction of new technology to produce a high amount of freshwater species are driving the market growth of freshwater aquaculture.

The pharmaceutical segment, by rearing product type, is projected to be the fastest-growing segment in the aquaculture market during the forecast period, due to higher acceptance of drugs, medicated feed, and vaccines into the regional markets, specifically in developed countries such as the US and Canada. Furthermore, growing demand for medicated aquafeed is increasing in organized aquafarms across Europe, given the limited use of antibiotics across the region, which is driving the growth of the aquaculture market.

In terms of geographic coverage, the aquaculture market has been segmented into five regions, namely, North America, Europe, Asia Pacific, South America, and RoW. South America is projected to be the second fastest-growing region due to the strong fish production base in Ecuador and Chile, along with high technological advancements in aquafarming. According to FAO, the total fish production in the region would reach 16.2 million tons by 2025. Further, there is a high production of salmon in the region, especially in Chile, due to favorable market conditions. Other factors such as the presence of favorable temperatures & coastlines and strong governmental support for aquafarming in the region also cater to the development of the aquaculture industry.

Increasing government support provides a huge opportunity for the aquaculture sector. For instance, USAID-funded Fisheries Improved for Sustainable Harvest (FISH) Project in the Philippines, the Management of Aquatic Ecosystems through Community Husbandry (MACH) project in Bangladesh, the SUCCESS fisheries management programs in three West African countries, and the Global FISH Alliance in the spiny lobster fishery of Honduras.

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Recent Developments:

In August 2018, AKVA Group set up a feed conveyor concept by the name of flexible feeding, which would allow farmers to send and feed silo to any cage, making it easier to use different feed types and sizes.
AKVA Group entered into an agreement in June 2018 to acquire Egersund Net AS (Norway) to expand its product portfolio.
In June 2017, Pentair plc set up a new facility of 87,000-square feet for aquafarming at its Schmidt’s brewery building in St. Paul, Minnesota, US.
In November 2016, Pentair Aquatic Ecosystems acquired Vaki Aquaculture Systems Limited (Iceland) to enhance its product portfolio of aquaculture systems, products, and services.
Aquaculture System Technologies, LLC, launched the Endurance filter for home and koi ponds in May 2016.

Soil Treatment Market With Top Countries data : Evolving Technology, Trends and Industry Analysis 2020 Appraised By Global Players

The report “Soil Treatment Market by Type (Soil protection, Organic amendments, pH adjusters), Technology (Physiochemical, Biological, and Thermal) & Region – Global Forecasts to 2020″, The soil treatment market, estimated to be valued at USD 24.11 Billion in 2015, at USD 36.29 Billion by 2020, and projected to grow at a CAGR of 8.5% through 2020.

Product types of pH adjusters such as aglime and gypsum have been in demand, owing to the increasing knowledge of farmers towards the need to correct pH levels of agricultural soil. Weed control products of glyphosate and atrazine base have also been in demand due to high yield requirements in food crops. Hence, soil treatment will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of soil treatment methods.

Browse in-depth TOC on “Soil Treatment Market”
78 – Tables
52 – Figures
146 – Pages

Soil protection products to dominate the soil treatment market

The market for soil protection products has been estimated to lead the soil treatment market in terms of value. Weed control, which is a sub segment of the soil protection market, is likely to dominate the market, and projected to grow at a comparatively higher CAGR than pest control products.

Soil protection products are likely to face stiff competition from organic amendments such as crop residue and sewage sludge as these segments have been rapidly growing, owing to environmental concerns regarding over usage of agrochemicals causing soil degradation. Gypsum-based pH adjusters may also pose a threat to this segment in the next five years.

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Weed control products: The most widely used soil treatment product used globally

Weed control sub-segment of soil protection products accounted for the largest share in the soil treatment market in terms of value. However, the sub segments of the organic amendments segment are projected to grow at comparatively higher CAGRs due to increasing demand from developing agrarian economies.

Increasing usage of agricultural inputs in developed and developing countries to boost the soil treatment market

Countries in the Asia-Pacific, Latin America, Eastern Europe, and the Middle East regions are prospering in terms of increasing contribution of agriculture towards GDP with the commercialization of agricultural products on the rise. The rising population levels have also created the need to ensure food security by promoting high yield production. Increasing per capita consumption of fruits and vegetables in this region is another driver for the soil treatment market.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Syngenta AG (Switzerland), Monsanto Company (U.S.), BASF SE (Germany), Arkema S.A. (France), and Adama Agricultural Solutions Ltd. (Israel).

The report covers organic amendments such as crop residue and compost segments, soil protection types such as weed and pest control segments and pH adjuster types such as aglime and gypsum in terms of value and volume. In terms of insights, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players, and company profiles, which collectively comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global soil treatment market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.