The Impact of Agrochemicals Market Mergers & Acquisitions

The agrochemicals market mergers and acquisitions has a positive outlook at a global level due to the increase in different types of deals in the market like agreements, acquisitions, partnerships, mergers, etc., to cater to the increasing demand from the consumers. North America and Europe contributed a significant share to the overall agrochemicals mergers and acquisitions market, whereas Asia Pacific is projected to be the fastest-growing region. Both, developing and developed economies have a favorable market potential for agrochemicals, due to the increasing concerns regarding crop protection and pest infections.

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The deals for herbicides and crop protection chemicals segment are estimated to occupy the largest market share during the forecast period.

The herbicides and crop protection chemicals segment is estimated to hold the largest market share in the agrochemicals mergers and acquisitions market. Moreover, increasing awareness among consumers regarding better crop protection and increased productivity is encouraging the key players in the market to launch better products in this segment. Herbicides are slightly costly as compared to other agrochemicals like fungicides and insecticides.

The acquisitions segment is estimated to grow at the highest growth rate during the forecast period

Acquisitions help companies become the world leader in the agrochemicals business. These activities have allowed the company to become a strong competitive player in the agrochemicals market across the world. Most of the acquisitions happen to capture the other company’s vast product portfolio and vast geographic reach. Furthermore, it helps in capturing new markets through well-established distribution channels, innovation, and new product launches to gain a competitive edge.

Europe and North America are estimated to have the largest number of deals during the study period

The increase in the number of strategic deals in Europe and North America is because of the number of players operating in the market. Most of dominating agrochemicals players are operating widely in both of these regions and they acquire companies in the Asia Pacific region. This trend is usually because of the number of arable lands and dependency on agriculture in these regions. The market size and penetration of agrochemicals like fertilizers and pesticides are expected to be high in developing regions. Further, crop protection like herbicides, fungicides, and insecticides is expected to grow, due to frequent pest attacks.

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 Bayer CropSciences (Germany), BASF SE (Germany), Syngenta AG (Switzerland), and Corteva Agriscience (US).

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Biorational Pesticides Market Size, Share & Forecast by 2028

The global biorational pesticides market will grow from USD 7.5 billion in 2023 to USD 15.1 billion by 2028, growing at a CAGR of 15.2% during the forecast period. Organic agriculture, prioritizing natural and sustainable methods while shunning synthetic chemicals, has been pivotal. It underscores a focus on eco-friendly solutions and aligns perfectly with the essence of biorational pesticides—derived from natural origins and demonstrating minimal environmental impact. This mutual alignment complements the core principles of organic farming, fostering the heightened adoption of biorational pesticides within this evolving agricultural landscape.

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The botanical source of the biorational pesticides segment is driving the market due to simpler storage needs and broad-spectrum effect against insects, fungi, or other pests

Pesticides derived from plant sources or their extracts, known as botanical-based pesticides, frequently exhibit characteristics that enhance their stability during storage. These compounds, originating from plants, often possess inherent stability, mitigating rapid degradation or breakdown under standard storage conditions. This inherent stability contributes to an extended shelf life in comparison to certain microbial-based pesticides.

In terms of storage requirements, botanical-based pesticides typically demand simpler conditions than some microbial-based counterparts. While they may require standard storage practices, such as averting extreme temperatures or excessive moisture, they generally do not mandate specialized storage facilities or rigorous environmental controls.

Liquid formulation segment exhibits highest CAGR of 15.3%, driving biorational pesticides market growth

Liquid formulations of pesticides present distinct advantages over their dry counterparts, propelling their increased market demand. Their ease of application stands out as a primary factor, as liquids allow for more uniform spraying over large areas, ensuring enhanced coverage, particularly on uneven or densely foliated surfaces. This attribute facilitates efficient application, contributing to better pest management outcomes.

North America accounts largest share in the biorational pesticides market and witnessing growth due to tight regulations and limitations on the application of conventional chemical pesticides

The agricultural sector in North America is characterized by a variety of farming systems, including large-scale commercial operations and smaller organic and specialty crop farms. This diverse landscape creates favorable conditions for the utilization of biorational pesticides across a wide range of crops.

In North America, regulatory bodies have erected robust frameworks, rigorously scrutinizing the usage of conventional pesticides, fueled by apprehensions encompassing safety and environmental repercussions. These stringent measures have triggered a surge in the quest for biorational pesticides, esteemed for their perceived safety and eco-friendly attributes. A significant milestone unfolded when the U.S. Environmental Protection Agency (EPA) championed the cause of shielding children and agricultural workers from the perils of a hazardous pesticide with ties to enduring cognitive impairments.

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Key Players

The key players in the biorational pesticides market include BASF SE (Germany), Bayer AG (Germany), UPL (India), FMC Corporation (US), Syngenta AG (Switzerland), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd (Japan), Pro Farm Group Inc (US), Koppert (Netherlands), Valent BioSciences LLC (US), Gowan Company (US), Certis Biologicals (US), Biobest Group (Belgium), BIONEMA (UK), and Vestaron Corporation (US).

Wet Pet Food Market is Expected to Grow $31.7 billion by 2028

The wet pet food market is estimated at USD 25.5 billion in 2023 and is projected to reach USD 31.7 billion by 2028, at a CAGR of 4.5% from 2023 to 2028. The growing influence of pet-centric social media platforms has fundamentally transformed the way individuals perceive, interact, and care for their animal companions. The pervasive influence of pet-centric social media platforms has fundamentally altered the way pet owners engage with and perceive their animal companions. As these platforms enable individuals to showcase their pets, share anecdotes, and access a wealth of information, a profound cultural shift has transpired, placing pets at the center of households and fostering an increased emotional bond between owners and their pets.

Key Players in the Market

Nestlé (Switzerland)
Mars, Incorporated (US)
Colgate-Palmolive Company (US)
Unicharm Corporation (Japan)
Thai Union Group PCL (Thailand)
Charoen Pokphand Foods PCL (Thailand)
General Mills Inc. (US)
The J.M. Smucker Company (US)

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Asia Pacific is estimated to grow at the highest CAGR in the wet pet food market

Asia Pacific’s wet pet food market is experiencing significant growth, with the highest CAGR. This surge can be attributed to a confluence of factors that collectively contribute to the region’s flourishing pet food industry. One of the key drivers is the rising disposable incomes across various economies in the Asia Pacific region. As disposable incomes increase, pet owners are more inclined to prioritize premium and specialized products, including wet pet food, for their beloved companions. Moreover, growing urbanization and changing lifestyles have led to an increase in pet ownership, further boosting the demand for high-quality pet food. The increasing popularity of online platforms, particularly social media and e-commerce also has played a pivotal role in driving the growth of the wet pet food market in Asia Pacific. Social media has facilitated the dissemination of information regarding pet care and nutrition, encouraging pet owners to seek out healthier and nutritionally balanced food options for their pets. The convenience offered by e-commerce platforms enables consumers to easily access a wide array of wet pet food products, fostering its adoption.

The cats in the by-pet segment is estimated to grow at significant CAGR during the forecasted period

In recent years, there has been a significant rise in cat adoption rates across various nations. Traditionally, dog adoption dominated the pet adoption landscape, but a noticeable shift has occurred as more people are opting to bring cats into their homes. Cats have rapidly ascended to become the second most adopted pets after dogs. This shift in adoption trends can be attributed to the unique appeal of cats as low-maintenance, apartment-friendly companions, making them an ideal choice for urban lifestyles. Moreover, as feline ownership becomes more widespread, pet owners are displaying heightened awareness of the nutritional requirements of their furry companions. Cats’ distinct dietary needs, including higher protein intake and hydration levels, align well with the attributes of wet pet food. Additionally, the perception of wet pet food as a more palatable and convenient option further bolsters its demand for cats.

Agricultural Variable Rate Technology Market is Expected to Grow $13.7 billion by 2027

The global agricultural variable rate technology market is estimated to be valued at USD 7.4 billion in 2022. It is projected to reach USD 13.7 billion by 2027, recording a CAGR of 13.2% during the forecast period. Variable rate technology (VRT) is made possible through field monitoring and equipment. By varying the rate of seeds per acre, fertilizer input, herbicide application, and water input in accordance with site-specific requirements as against to uniform pre-determined levels of application, a farmer can lower input and application costs and increase yields. The profitability of VRT changes depending on the crop, field, and technology used.

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North America is projected to be the largest market

North America accounted for the largest share of the agricultural variable rate technology (VRT) market. The increasing automation and digitization of agriculture are creating new business models for the agricultural VRT market. The agricultural variable rate technology (VRT) market in North America is actively growing every year owing to increasing adoption in various crops. As per the USDA publication, the U.S. has more than 15% of the farms which are more than 200 hectares, and in these farms commercials crops are grown, which requires these types of advanced technologies for profitable and efficient farming.

Key Market Players

The key players in this market include Deere & Company (U.S.), Trimble, Inc (U.S.), AGCO Corporation (U.S.), Topcon Corporation (Japan), CNH Industrial N.V. (U.K.), Kubota Corporation (Japan), Yara International (Norway),SJ DJI Technology Co., Ltd.(China), Valmont Industries, Inc(U.S), Lindsay Corporation (U.S), Hexagon (Brazil), AgJunction(Brazil), Teejet Technologies(U.S), AG LEADER Technology (U.S), The Climate Corporation (U.S).

By application method, the sensor-based VRT is projected to account for the fastest growth in the agriculture variable rate technology market

Sensor-based VRT does not require a map or positioning system. Map-based application method is globally used in large scale; however, new technology which is sensor based which utilize active optical sensors, drone and satellite mapping are also gaining importance during the forecast period as they are real-time. However, the high cost of these sensor based VRT will be a major concern during the forecast period.

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Plant-Based Leather Market to Hit $97 million by 2027

The global plant-based leather market will grow to USD 97 million by 2027, growing at a CAGR of 7.5% during the forecast period. The growing awareness about climate change and animal welfare and the resulting surging demand for sustainable, ethical, eco-friendly, cruelty-free, and clean products are encouraging designers, artisans, fashion brands, and automotive companies to shift from conventional leather and adopt strategies such as collaborations and partnerships with companies manufacturing plant-based leather.

The fashion segment is the fastest-growing among various applications of plant-based leather during the forecast period

The fashion industry has been one of the major industries to have acknowledged the surging trend of vegan fashion. Given the increased demand for plant-based fashion goods, various internationally acclaimed fashion brands, such as H&M, Stella McCartney, and Gucci, are slowly incorporating plant-based leather in their collections and are expected to gradually shift from conventional animal leather to cruelty-free, eco-friendly plant-based leather. These products are ethical yet maintain the style and texture of traditional leather, thus satisfying the needs of the increasingly environmentally conscious customer base.

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Asia Pacific is witnessing the highest growth rate in the plant-based leather market

Asia Pacific includes China, India, Japan, Thailand, Indonesia, South Korea, Australia and New Zealand, and the rest of Asia Pacific. Agriculture in Asia is essential to the continents prosperity. Farming practices produce a considerable amount of waste each year, which alternative leather industries utilize to produce plant-based leather. In Japan, consumer behavior is influenced by climate change, sustainable, and cruelty-free products, and zero waste. Gradually, the demand is set to shift from traditional animal goods to cleaner, greener plant-based products by environment-conscious and vegan consumers. The Japanese shoe and accessory brand Belle and Sofa employ vegan leather instead of actual leather to manufacture designer bags and shoes.

The key players in the plant-based leather market include Ananas Anam (UK), DESSERTO (Mexico), NUPELLE (Taiwan), Natural Fiber Welding, Inc. (US), and PEEL Lab (Japan).

Grow More with Less: The Rise of Smart Irrigation Systems

The global irrigation automation market was valued at USD 4.2 billion in 2022 and is expected to grow at a CAGR of 17.2% during the forecast period. Increasing government support to mechanize agriculture especially in the developing countries, adoption of smart irrigation technologies, and need for water conservation are some of the key factors promoting the growth of market during the forecast period.

Asia Pacific is projected to be the fastest growing region in the irrigation automation market during the forecast period

Asia Pacific irrigation automation market is projected to grow with highest CAGR due to the growing agriculture industry in China and India. Demand for irrigation automation has been growing in this region, due to global players increasing their investments of business lines in agricultural automation products to exclusively meet the demand of crop growers to attain higher efficiency, proper water supply, and export quality. Additionally, the regulations for irrigation automation are favorable in this region. China is estimated to account for the largest share in the Asia Pacific irrigation automation market.

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The drip irrigation segment by irrigation type is projected to grow with the highest CAGR of the irrigation automation market over the forecast period

Drip irrigation also known as micro-irrigation provides root-to-root irrigation and the highest level of water conservation. Drip irrigation often involves devices such as sensors, controllers, and valves, connected to a smartphone or desktop via a web-based system which gives the user =/farmer better flexibility to monitor control, automate, and analyze the irrigation system.

The real-time feedback system by automation type is projected to grow with the highest growth rate in the irrigation automation market over the forecast period

Real-time feedback system involves making decisions based on the real-time live demand from plants which is obtained from sensors. The system uses sensors such as tensiometers, humidity sensors, rain sensors, and temperature sensors. These sensors provide the user with important feedback which allows the user to control the operations with ease. This sensor-based irrigation network sends signals and data from the fields to the irrigation management software, which then decides the irrigation schedule for the crops.

Feed Plant-based Protein Market Size & Share | Forecasts Report and Trend Analysis

The global feed plant-based protein market size is estimated to be valued at USD 2.5 billion in 2020. It is projected to reach USD 3.4 billion by 2025, recording a CAGR of 6.3% in terms of value. An increase in demand for plant-based pet food due to rise in awareness among pet owners, pet owners’ inclination toward organic pet food ingredients, and innovative animal husbandry techniques to improve meat quality augments the demand for nutritional plant-based protein is driving the global feed plant-based protein market.

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The soy segment accounted for the largest share in the feed plant-based protein market

Based on sources, soy dominated the market. Soy protein products are used in feed and pet food to increase water and fat retention and improve nutritional values. It has been a substitute for traditional chemical-based feed ingredients, and soy proteins have rapid dispersibility and excellent suspension properties. Moreover, soy concentrates consist of approximately 70% protein and are highly digestible with low antigenicity. Due to these factors, soy protein is estimated to account for most of the share in the market.

The ruminants segment is projected to grow at the highest growth rate in the feed plant-based protein market during the forecast period

Based on livestock, ruminants accounted for the fastest-growing segment in the market. The rising demand for dairy & dairy-based products such as milk, cheese, yogurt, and butter in both the developed and developing countries is projected to drive the growth of the nutritional feed ingredients for the consumption of ruminants. Plant-based protein ingredients, besides increasing the production of end products obtained from ruminants, also improve their health and immune systems. Owing to these factors, the segment is projected to grow at the highest CAGR.

The isolates segment is projected to grow at a significant growth rate in the feed plant-based protein market during the forecast period

By type, the market is segmented into concentrates, isolates, and other types such as textured protein and hydrolyzed protein. Protein isolates are believed to have played a major role in the development of new varieties of formulated feed ingredients. It has a high concentration of protein, with the advantage of color, flavor, and functional properties, making it an ideal raw ingredient to be used in pet food and feed for ruminants, swine, poultry, and aqua feed. Key companies such as Roquette Frères (France) are among the major producers of protein isolates and have strong product lines that cater to their customer base.

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The Asia Pacific region is expected to grow at the highest CAGR during the forecasted period

Asia Pacific is the fastest-growing region in the global market. The market is majorly driven by an increase in the demand and consumption of livestock-based products, a rise in feed production, and the implementation of innovative animal husbandry practices to improve the meat quality and output of other livestock-based products. The increasing awareness about livestock nutrition and healthy diet, modernization of the livestock industry, and the rise in consumption of meat & other livestock-based products have led to an increase in the size of the market. Furthermore, the region is also attributed to the rising demand for pet food products in countries such as China, Australia, and India, and an increasing focus on the health of pets are expected to drive growth.

Secondary Macronutrients Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies – By The MarketsandMarkets

The global Secondary Macronutrients Market size is expected to record a CAGR of 4.0% from 2023 to 2028. In 2023, the market size is projected to reach a valuation of USD 39.9 billion. By 2028, the valuation is anticipated to reach USD 48.5 billion.

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Secondary Macronutrients Market Growth Factors and Dynamics:

Increased Awareness of Nutrient Management:

Farmers and agricultural practitioners are becoming more aware of the importance of balanced nutrient management for optimal crop growth.
Understanding the role of secondary macronutrients in improving soil fertility and enhancing crop yield contributes to market growth.

Soil Health Concerns:

Growing concerns about soil degradation and nutrient depletion drive the demand for secondary macronutrients.
Calcium, magnesium, and sulfur play crucial roles in maintaining soil structure, pH balance, and overall soil health.

Shift towards Sustainable Agriculture:

The global shift towards sustainable agricultural practices encourages the use of secondary macronutrients as part of eco-friendly and balanced fertilization strategies.
Sustainable farming practices emphasize long-term soil fertility and reduced environmental impact.

Crop-Specific Nutrient Requirements:

Increased awareness of the specific nutrient requirements of different crops fuels the demand for secondary macronutrient-containing fertilizers tailored to meet these needs.
Crop-specific formulations contribute to more efficient and targeted nutrient application.

Technology Advancements in Fertilizer Production:

Advances in fertilizer manufacturing technologies facilitate the development of innovative secondary macronutrient products.
Enhanced formulations, controlled-release technologies, and precision agriculture contribute to market growth.

Government Initiatives and Subsidies:

Government initiatives promoting sustainable agriculture, soil health, and balanced fertilization practices can drive the adoption of secondary macronutrient-containing fertilizers.
Subsidies and support programs further incentivize farmers to use these products.

Global Population Growth and Food Security Concerns:

The increasing global population places pressure on agriculture to enhance food production.
Secondary macronutrients contribute to improving crop yields and ensuring food security.

List of the Key Players in the Secondary Macronutrients Market:

Nutrien Ltd. (Canada)
Yara (Norway)
The Mosaic Company (US)
Israel Chemicals Ltd. (Israel)
K+S Aktiengesellschaft (Germany)
IFFCO (India)
Deepak Fertilisers
Petrochemicals Corporation Ltd. (India)
Coromandel International Ltd (India)

The Secondary Macronutrients Market is Segmented as Follows:

Market By Nutrient

Calcium
Sulfur
Magnesium

Market By Crop type

Cereals & grains

o Corn

o Wheat

o Rice

o Other cereals & grains

Oilseeds & pulses

o Soybean

o Sunflower

o Other oilseeds & pulses

Fruits & vegetables

o Root & tuber vegetables

o Leafy vegetables

o Pome fruits

o Berries

o Citrus fruits

o Other fruits & vegetables

Other crop types

Market By Application

Liquid application

o Fertigation

o Foliar

o Other liquid mode of applications

Solid application

o Broadcasting

o Deep Tillage

o Localized Placement

Market By Form

Dry form
Liquid form

Market By Region

North America
Europe
Asia Pacific
South America
Row (Africa and Middle East)

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Regional Analysis of Secondary Macronutrients Market:

A regional analysis of the secondary macronutrients market reveals variations in demand, adoption, and influencing factors across different geographical areas. Here’s a breakdown of the market dynamics in key regions:

North America:

In North America, the secondary macronutrients market is driven by the adoption of precision farming techniques.
Increased awareness of soil health, sustainable agriculture, and environmental concerns contribute to the demand for calcium, magnesium, and sulfur-based fertilizers.
Government initiatives supporting nutrient management and sustainable practices further boost the market.

Europe:

Europe places a strong emphasis on sustainable agriculture and environmental stewardship, driving the use of secondary macronutrients.
Stringent regulations on fertilizer use and a focus on organic farming contribute to the demand for nutrient-balanced solutions.
Collaborations between research institutions and industry players lead to innovative products.

Asia-Pacific:

The Asia-Pacific region, with its vast agricultural landscape, experiences a growing demand for secondary macronutrients.
Increasing population, food security concerns, and a shift towards commercial farming drive the need for efficient nutrient management.
Government support in the form of subsidies for balanced fertilization practices enhances market growth.

Latin America:

Latin America sees a rise in the adoption of secondary macronutrients due to extensive agricultural activities.
Large-scale farming operations, especially in countries like Brazil and Argentina, drive demand for calcium, magnesium, and sulfur for crop nutrition.
Weather variations and soil conditions influence the specific nutrient requirements in different sub-regions.

Middle East and Africa:

In this region, the secondary macronutrients market is influenced by efforts to improve agricultural productivity in arid and semi-arid regions.
Soil amendments with calcium and sulfur are important for addressing soil salinity and alkalinity issues.
Water scarcity and climate conditions impact the choice of nutrient management practices.

Compound Feed Market | US$ 668.3 Billion by 2031 | CAGR 4.3%

The global market for compound feed was valued at USD 541.2 billion in 2023 and is projected to reach USD 668.3 billion by 2028, at a CAGR of 4.3% during the forecast period.

Compound feed is a complete or balanced feed prepared by scientifically mixing various ingredients to meet the specific nutritional requirements of different animals at various stages of their life cycle. These ingredients can include grains, protein meals, fats and oils, minerals, vitamins, and additives. Compound feed is produced by commercial feed mills and is available in various forms, including mash, pellets, crumbles, cubes, and liquid.

The main goal of compound feed manufacturing is to create a feed that is not only nutritious but also cost-effective. By using a variety of ingredients, feed manufacturers can create a feed that meets the nutritional needs of animals without breaking the bank. Compound feed is also a convenient way for farmers to provide their animals with all the nutrients they need. Unlike feeding animals a single grain or forage, compound feed provides a complete and balanced diet that helps animals grow, reproduce, and stay healthy.

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Role of Compound Feed in Agriculture Industry

Compound feed plays a central role in the modern agriculture industry, specifically in livestock production. Here’s a breakdown of its importance:

Balanced Nutrition: Unlike simply letting animals graze, compound feed allows for precise control over the nutrients they receive. Formulated by experts in animal nutrition, it combines various ingredients like grains, proteins, vitamins, and minerals to create a balanced diet. This ensures:

Animal Health: Proper nutrition keeps livestock healthy and prevents deficiencies.
Improved Performance: A balanced diet optimizes growth, milk production, and egg laying in animals.

Efficiency and Cost-Effectiveness:

Standardized Nutrition: Consistent quality and nutrient levels across batches reduces feeding variations and ensures efficient animal production.
Reduced Waste: Compound feed minimizes waste compared to traditional feeding methods where animals might selectively graze or not consume all the components offered.

Practical Advantages:

Convenience: Ready-made feed saves farmers time and effort compared to sourcing and preparing individual ingredients.
Storage and Handling: Processed forms like pellets or blocks improve storage life and handling compared to loose grains.
Transportation: Dense compound feed is easier and cheaper to transport than bulky raw ingredients.

Cereals Reign Supreme in Compound Feed Ingredients

The compound feed market relies on a variety of ingredients to provide essential nutrients to livestock. Among these, cereals hold the leading position by value. This dominance can be attributed to several factors:

Nutritional Powerhouse: Cereals are rich in carbohydrates, the primary source of energy for animals. They also offer varying levels of protein, fiber, and essential minerals, creating a well-rounded nutritional profile.
Cost-Effectiveness: Cereal crops like corn and wheat are widely cultivated and readily available around the globe. Their abundance translates to affordability, making them a cost-effective choice for feed manufacturers.

Poultry Leads the Livestock Charge

When it comes to the type of livestock consuming the most compound feed, poultry reigns supreme. This dominance is driven by the immense popularity of poultry products:

Global Favorite: Poultry, particularly chicken, is a top choice for meat consumption worldwide. Consumers favor poultry due to its affordability, versatility in cooking, and proven health benefits.
High Demand, High Feed Needs: The ever-growing demand for poultry meat and eggs necessitates a constant supply of specialized compound feed. This ensures optimal growth and production in poultry farms.

Mash Reigns Supreme in Feed Formulations

The form in which compound feed is presented also plays a crucial role. Mash feed, a blend of finely ground ingredients, currently holds the largest market share:

Easy Consumption for Young Animals: Mash feed’s uniform texture makes it easier for young animals and those with sensitive digestive systems, like piglets and chicks, to consume and digest the nutrients.
Enhanced Nutrient Absorption: The grinding process increases the surface area of the ingredients, allowing for better nutrient absorption. This can significantly improve growth rates, feed efficiency, and overall animal performance. These benefits solidify mash feed’s position as the preferred form for many livestock.

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Future Outlook of Compound Feed Market

The future outlook for the compound feed market is expected to be one of steady growth, with analysts predicting a CAGR (Compound Annual Growth Rate) of between 4.23% and 5.30% over the next decade. Here’s a breakdown of the key factors driving this growth:

Growth Drivers:

Rising demand for meat, poultry, and dairy products: Globally, consumers are increasingly demanding animal protein, which in turn fuels the demand for livestock and consequently compound feed.
Growing focus on animal health and welfare: Consumers are more interested in ethically sourced meat and dairy products, leading to a rise in demand for compound feed that promotes animal well-being.
Development in emerging economies: As economies develop, particularly in Asia and Africa, there’s an expected rise in meat consumption and animal production, requiring more compound feed.
Advancements in livestock feeding practices: New technologies and practices for efficient livestock nutrition will likely increase reliance on compound feed.

Challenges to Consider:

Volatile raw material prices: The cost of ingredients used in compound feed can fluctuate significantly, impacting producers’ margins.
Stringent regulations: Regulatory frameworks around animal feed safety and environmental impact can pose challenges for manufacturers.

Overall, the compound feed market is expected to benefit from growing protein consumption and advancements in the livestock industry. However, navigating volatile raw material prices and complying with regulations will be crucial for market participants.

Biorational Pesticides Market Size, Share & Forecast by 2028 | MarketsandMarkets

Biorational Pesticides Market Outlook from 2023 to 2028

The global biorational pesticides market size is estimated to stand at US$ 7.5 billion in 2023. The market is expected to reach to a generous valuation of US$ 15.1 billion by 2028, registering an impressive CAGR of 15.2%.

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The botanical source of the biorational pesticides segment is driving the market due to simpler storage needs and broad spectrum effect against insects, fungi, or other pests

Moreover, some botanical-based pesticides exhibit a broad-spectrum effect, meaning they have the capability to target and control a wide range of pests. These pesticides, derived from plant sources or their extracts, might possess compounds that affect various types of insects, fungi, or other pests. For instance, certain plant-derived compounds like pyrethrins or neem oil can impact a broad range of insects and diseases, offering a comprehensive approach to pest control.

Liquid formulation segment exhibits highest CAGR of 15.3%, driving biorational pesticides market growth

Moreover, the precision of liquid formulations in delivering active ingredients to specific pests or targeted areas further distinguishes them. This targeted delivery mechanism elevates their efficacy in pest control strategies, ensuring a more focused and effective approach. Additionally, the convenience in handling and mixing liquid formulations during preparation and application adds to their appeal. Their ability to seamlessly blend with diverse substances or additives enhances their versatility in pest management practices. As a result of these advantages and their perceived efficiency, liquid formulations have gained favor among farmers and pest management professionals, fostering their increasing preference and market growth.

North America accounts largest share in the biorational pesticides market and witnessing growth due to tight regulations and limitations on the application of conventional chemical pesticides

In a monumental move unveiled in August 2021, the agency unveiled plans for a sweeping prohibition on chlorpyrifos across all food crop applications, marking an epochal stride in safeguarding public health and the environment. This decisive action, born out of mounting concerns about the pesticide’s detrimental impacts, stands as a testament to the intensifying drive toward embracing safer and more sustainable alternatives in the agricultural landscape. The pronounced pivot towards biorational pesticides amid stringent regulatory reforms underscores an ardent commitment to fostering a safer, greener future in pest management practices within North America.

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Top Biorational Pesticides Companies