The European Agricultural Disinfectant market is estimated to grow at a CAGR of 3.62% during the forecast period 2020-2025. Agricultural disinfectants are used on crops and livestock for their protection against microbial infection (bacteria, viruses, fungi, etc.). Agricultural disinfectants can also be used to destroy specific micro organisms which is the major reason for huge application in farming. Huge demand for disinfectants in the region has led to increased competition and companies are investing more on research and developments to innovate products and grab the maximum market share in the sector.
Key Market Trends
Increased Industrial Livestock Production
According to the World Bank, the adoption of industrialized meat production is growing six times faster than that of traditional meat production. With an increase in the mass production of meat, the trend of landless meat production facilities is catching up. The meat production industry is moving towards consolidation, especially in mature markets, such as the United States and Europe, to increase meat production with reduced land usage, driving the need for usage of animal disinfectants in industrial livestock farms to prevent the spreading of diseases in the animals. Primary demand for meat products in India and China may drive the European agricultural disinfectants market in the coming years in terms of Exporting quality industry produced livestock products.
Germany Dominates the Market
Europe is the second-largest shareholder in the Agricultural disinfectant market due to the presence of a large agricultural field which is estimated to create new opportunities in the region. The growing demand for Crop and livestock protection anticipated creating opportunities for new players in the region like Germany which is the most mature market in terms of demand for agricultural disinfectants. The increasing demand for organic vegetables and crops, the rising risk of diseases among livestock and government regulation on antibiotics regarding animal feed are some of the major drivers for the Agricultural disinfectant market in Europe. Defra (Department of Environment Food and Rural Affairs), is responsible to certify and approve the products that enter into this region.
The European agricultural disinfectant market is moderately fragmented with the presence of a large number of regional and local players. There is also a significant presence of companies that offer disinfectants for multiple operations apart from agriculture. Companies operating in the market are not only looking for organic growth through an increase in sales revenues but are also involved in strategic moves such as mergers and acquisitions, joint ventures and collaborations.
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