The agricultural disinfectants market is expected to register a CAGR of 4.6% during the forecast period of 2018-2023, and reach a value of USD 2.11 billion by 2023. Agricultural disinfectants are used on crops and livestock for their protection against microbial infection (bacteria, virus, fungi, etc.). With development of newer chemicals and increasing demand for livestock protection, there is an increased demand for agricultural disinfectants.
Crop protection from microbial infection is the key driver of the disinfectant market. With the increasing human population, it is necessary to increase the agricultural production to meet the future demands. Crop protection is the leading factor to ensure the increasing agricultural production. Due to the high importance of crop protection, there is a greater demand for agricultural disinfectants.
The use of antibiotics on healthy animals in the food industry and by farmers has been banned by WHO to effectively reduce antibiotic resistance in humans. This has caused farmers and the animal industry to stop the usage of antibiotics. To substitute the antibiotics, the demand and applications of disinfectants have increased.
The global market for agricultural disinfectants has been expanding at a steady pace across most regions, driven primarily by the rising demand for meat products in India and China. The agricultural disinfectants market in the Asia-Pacific region, being the fastest-growing market, has not been tapped a lot by many players in the industry. Countries, like China and India, have a lot of potential for growth in this fast-growing market, hence, offering great scope for business expansion and opportunity. India’s chemical industry is making huge progress in the field of producing high-quality chemicals, which form a crucial support of the agricultural sector of India.
Major players: LANXESS, Zoetis Services LLC., Nufarm Limited, Stepan Company, The Dow Chemical Company, Neogen Corporation, and Shandong Daming, among others.
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