Global Hypochlorites and Halogens Market, By Application Area (Surface, Aerial, Water Sanitizing), Form (Liquid, Powder, Others), End-Use (Livestock Farms, Agricultural Farms), – Industry Trends and Forecast to 2029
Hypochlorites and Halogens Market Analysis and Size
Farming has seen significant advancements in terms of farm mechanisation, modern techniques, and the ease with which credit is available over the years. Despite the advent of industrialization and remarkable growth in other industries, farming continues to contribute significantly to the country's Gross Domestic Product (GDP). It primarily entails growing crops and raising livestock with the goal of cultivating food products.
Data Bridge Market Research analyses that the hypochlorite and halogens market which was growing at a value of 214.64 billion in 2021 and is expected to reach the value of USD 309.94 million by 2029, at a CAGR of 4.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Natural, Synthetic), Source (Plant, Animal, Microorganism, Others), Product (Propionates, Benzoates, Sorbates, Natamycin, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Deere & Company (U.S.), CropMetrics LLC (Netherlands), Trimble Navigation Limited (Australia), CropX (U.S.), AgSmarts Inc (India), AgSense, LLC (India), AGCO Corporation (Austria), DICKEY-john (U.K.), Monsanto Company (Mexico), Ag Leader Technology (U.S.), Farmers Edge Inc. (Canada), Geosys Enterprise Solutions Pvt. Ltd. (U.S.), Granular, Inc., (U.S), Gro Intelligence (U.S.), AGEYE Technologies (U.S.), heliopas ai GmbH(Germany), OneSoil (Switzerland)
|
|
Opportunities
|
|
Market Definition
Disinfectants work by killing bacteria to prevent infection. It kills, eliminates, or inhibits the growth of pathogenic microorganisms. Disinfectants can be chemical or physical in nature. Both agricultural farmers and livestock farmers use agricultural disinfectants. They are used on new-born animals, which are highly susceptible to infections, by livestock farmers. Furthermore, agricultural farmers primarily use them to improve irrigation water quality.
Hypochlorite and Halogens Market Dynamics
Drivers
- Rising prevalence of diseases in livestock’s
The rise in livestock disease incidences is expected to significantly impact the market's growth rate. The increase in livestock production driving the use of animal hygiene products, the rapid increase in demand for animal products, the rise in the prevalence of disease outbreaks among livestock, the ban on antibiotics in animal feed driving the animal disinfectant, as well as the rise in regulations concerning terminal disinfection to curb potential outbreaks and increasing animal hygiene awareness, are all expected to be major growth drivers for the hypochlorite and halogens market.
Rising hygiene standards maintenance
The increase in livestock rearing activity has resulted from an increase in demand for meat products. Demand for livestock hygiene products is expected to rise as a result of this. Furthermore, the market is expected to be driven by an increase in farm owner concern about hygiene maintenance in cattle sheds. Consumer awareness of the beneficial effects of disinfectants on poultry is expected to drive the livestock disinfectant market in the near future, as is an increase in the number of cattle farms.
Opportunity
The rapid increase in consumer preference for biological disinfectants is creating a plethora of lucrative opportunities, which will further propel the market's growth during the forecast period.
Restraints
High costs and long development times associated with disinfectant compounds, as well as high entry barriers for players, are acting as market restraints for the hypochlorite and halogens market during the forecasted period, whereas low usage due to a lack of awareness about standard operating procedures is one of the biggest challenges to market growth.
This hypochlorite and halogens market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hypochlorite and halogens market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hypochlorite and Halogens Market
The impact of COVID-19 lockdown was massive on a global scale, and particularly profound in key consumption markets for animal disinfectants. The demand for disinfectant products for the livestock industry has remained high, with manufacturing plants for disinfectants and water treatment operating at nearly full capacity. However, supply-chain disruptions in key emerging markets had an impact on sales, albeit only temporarily. Due to distribution channel weaknesses, the last mile connectivity to small and medium-scale livestock farms has suffered a setback. A prominent market player anticipate a surge in demand as markets gradually open up, and capacity-building remains one of the major focus areas.
Recent Development
- Stockmerire Group acquired New Qumica S.L. in January 2022. New Qumica S.L. is a company that specialises in chemical product storage, sale, and distribution. This acquisition will assist the Stockmerire group in expanding its geographic footprint.
- Zoetis acquired Jurox, a privately held animal health company that develops, manufactures, and markets a wide range of veterinary medicines for the treatment of companion animals and livestock, in August 2021.
- Kersia acquired Bioarmor in May 2021, a company that makes enzyme-based hygiene products for cleaning and disinfecting buildings, equipment, and animal water, as well as environmental solutions for pig, poultry, ruminant, and horse farms.
Global Hypochlorite and Halogens Market Scope
The hypochlorite and halogens market is segmented on the basis of application area, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application area
- Surface
- Aerial
- Water Sanitizing
Form
- Liquid
- Powder
- Others
Application
- Livestock farms
- Agricultural farms
Hypochlorite and Halogens Market Regional Analysis/Insights
The hypochlorite and halogens market is analysed and market size insights and trends are provided by country, application area, form and application as referenced above.
The countries covered in the hypochlorite and halogens market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The United States and Mexico dominate the North American hypochlorite and halogens market due to rising occurrences of livestock disease and increased public awareness, while China, India, and Japan are expected to grow in the Asia-Pacific hypochlorite and halogens market during the forecast period of 2020-2027 due to increasing population and preferences for meat products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hypochlorite and Halogens Market Share Analysis
The hypochlorite and halogens market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hypochlorite and halogens market.
Some of the major players operating in the hypochlorite and halogens market are:
- Deere & Company (U.S.)
- CropMetrics LLC (Netherlands)
- Trimble Navigation Limited (Australia)
- CropX (U.S.)
- AgSmarts Inc (India)
- AgSense, LLC (India)
- AGCO Corporation (Austria)
- DICKEY-john (U.K.)
- Monsanto Company (Mexico)
- Ag Leader Technology (U.S.)
- Farmers Edge Inc. (Canada)
- Geosys Enterprise Solutions Pvt. Ltd. (U.S.)
- Granular, Inc., (U.S.)
- Gro Intelligence (U.S.)
- AGEYE Technologies (U.S.)
- heliopas ai GmbH(Germany)
- OneSoil (Switzerland)
SKU-