Global Silage Additives Market was valued at USD 1.82 Bn in 2019 and is expected to reach USD 2.62 Bn by 2027 at a CAGR of 4.67% over the forecast period 2020-2027.
Global Silage Additives Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Silage Additives Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Silage Additives Market Dynamics;
Silage additives are natural or industrial products added in large amounts to the feed or grain mass to control the preservation process. Silage Additives are helpful in enhancing nutrient composition of silage. They are used to reduce the storage losses by boosting quick fermentation, to reduce fermentation losses by restricting extent of fermentation, and to improve bunk life of silage to increase the aerobic stability. Various factors such as increasing product innovations, expanding livestock industry in many developing countries such as China, India, Brazil, ASEAN and South Asia, growing mechanisation and commercialisation of livestock industry in many developed and developing countries, growing product innovations in silage additives, increasing adoption as biofuel feedstock and growing focus on enhancing feed utilization and improvising animal health are driving the global silage additives market over the forecast period.
However, factors such as fluctuations in raw material prices, lack of universal enforcement directives pertaining to applications of Silage Additives, less adoption and less awareness in many underdeveloped countries and availability of substitute products are restraining the market growth over the forecast period.
Global Silage Additives Market is segmented by type, by silage crop and by region. By Type, inoculants type segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to increasing demand for inoculants among silage farmers. Inoculants are used to improve the fermentation phase and increase the nutritional value of the forage. By silage crop, the corn segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Many crop growers in North American and European countries are prefering the efficiency of corn silage over other crops in gaining better results. Moreover, factors such as increasing production of corn silage, enhanced productivity, and increase in application of corn silage in biofuel industry are driving the market growth of this segment over the forecast period.
By geography, North America held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to increasing demand for animal proteins in the United States and Canada. Factors such as increasing focus of governments on reducing the feed cost and boosting animal productivity, supportive regulatory policies, presence of major market players and increasing the production of corn silage in the US and Canada are driving the market growth in this region. North America is followed by Europe and APAC. Europe is expected to hold xx% of market share over the forecast period. Germany, the U.K., and France are some of the major importers of silage additives. APAC is expected to hold xx% of market share over the forecast period. Factors such as growing population, rapid urbanization, and changes in lifestyle, growing livestock industry are driving the market growth in this region.
Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Silage Additives Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Hydrazine Market dynamics, structure by analyzing the market segments and project Global Silage Additives Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Silage Additives Market make the report investor’s guide.
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Scope of Global Silage Additives Market
Global Silage Additives Market Segmentation by Type
• Organic acids
• NPN nutrients
• Other additives (absorbents and mineral acids)
Global Silage Additives Market Segmentation by Silage Crop
• Other crops
Global Silage Additives Market Segmentation by Region
• North America
• Asia Pacific
• Latin America
• MEA& Arica
Global Silage Additives Market major players
• Volac (UK)
• Trouw Nutrition (Netherlands)
• Schaumann BioEnergy (Germany)
• ADDCON (Germany)
• Chr. Hansen (Denmark)
• BASF (Germany)
• Lallemand (US)
• DuPont Pioneer (US)
• Micron Bio-Systems (US)
• Biomin (Germany)
• American Farm Products (US)
• Josera (Germany)
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