Thursday 27 December 2018

Ammonium Phosphates Market Industry Research, Trends, and Forecast 2018 - 2026

Ammonium Phosphates Market: Introduction
Ammonium phosphates are widely available in solid form such as powder, pellet crystal, and liquid form. They are the salt of phosphoric acid and ammonium. They are commonly available under the name of mono-ammonium phosphates, di-ammonium phosphates, and ammonium polyphosphate. The chemical has applications in fertilizers, food additives, flame retardant, fire control, and others.
Market Dynamics
Rising demand from fertilizers and animal feed industry across the globe is driving ammonium phosphates market growth. According to the Food and Agriculture Organization of the United States, in 2017, the demand for fertilizer nutrient use including nitrogen, phosphates, and Potash raised to 190850 tons from 184017 tons in 2015, globally. As per the FAO, the estimated demand by 2020, is expected to be around 201663 tons at the global level. Furthermore, ammonium phosphates are used in fire control and flam-retardant in the industrial sector, which is expected to propel the ammonium phosphates market growth in near future.
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However, extensive use of fertilizers to increase crop yield results into infertility of soil. Moreover, excessive fertilization also ground water poisonous and dead zones in oceans. For instance, the Gulf of Mexico has ocean dead zone, which is an effect of leaching of fertilizers into the water bodies. Such factors may deter the ammonium phosphates market growth in the near future.
Regional Outlook
Asia Pacific is anticipated to hold the major share in the ammonium phosphates market during the forecast period, owing to the rising demand for ammonium phosphates from China, Pakistan, India, and South East Asian countries for its application in agriculture as fertilizers. The economies are the major consumers of the ammonium phosphates. According to the Ministry of Chemicals and Fertilizers, in India, the demand for NP/NPKs fertilizers including urea ammonium phosphates, ammonium phosphates sulphate and others in 2016, increased to 11420 tons from 10577 tons in 2013.
North America is expected to witness significant share in the market over the forecast period, owing to prominent utilization of ammonium phosphates in the crops such as corns and soybean, particularly in the U.S. Corns and soybean are the highest produced crops in the U.S. Ammonium phosphates facilitates phosphorus and nitrogen, which are considered vital for the proper growth of the crops. According to the United States Department of Agriculture, in 2017, Corn yield in the U.S. was estimated at a record high 176.6 bushels per acre and soybean production was recorded at 4.39 billion bushels in 2017.
Key players in the Ammonium Phosphates Market
Key players operating in the market include Yara International, Haifa Chemical, Coromandel, PotashCorp, Israel Chemical Ltd (ICL), Mosaic Co, United Phosphorus Limited Potash Corp. of Saskatchewan Inc., Yuntianhua Group Company Limited, Jordan Phosphate Mines Company, CF Industries Holdings, Lanxess AG, and others.
Major players in the market are adopting strategies such as mergers & acquisitions, product launch & development, business expansion, partnerships & collaborations to gain strong foothold in the global market. For instance, in 2013, CF Holdings announced its strategic collaboration with Mosaic Co. The collaboration aimed to sell phosphates mining and manufacturing business to Mosaic Company. Moreover, the company would be supplying 600000 to 800000 tons of ammonia per year up to 15 years to Mosaic Company.
MARKET TAXONOMY
The Ammonium Phosphates market is segmented into:
By Product Type
    • Mono-ammonium phosphate
    • Di-ammonium phosphate
    • Ammonium polyphosphate
By Application
    • Fertilizers
    • Flame-retardant
    • Feed
    • Food Additives
    • Others (Water Treatment Chemicals)
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Wednesday 14 November 2018

Calcined Alumina Powder Market - Outlook, and Opportunity Analysis, 2018-2026

Calcined alumina powder is produced by calcination of alumina. The manufacturing process is carried out at various temperatures, which control hardness and abrasive properties of calcined alumina powder, such as polishing and grinding. At temperature of 1200-1300ºC, calcined alumina is easily converted into pure Aluminum Oxide (Al2O3). Calcined alumina is majorly used in a variety of industrial applications such as technical ceramics, structural ceramics, polishing compounds for metal, plastic and glass, fillers for rubber and plastics, paint & coatings, refractories, and thermal spray powders.
Market Dynamics
Key factors such as increasing demand for paint and coatings across the globe is projected to fuel growth of the global calcined alumina powder market over the forecast period. Furthermore, owing to unique physical and chemical properties of calcined alumina powder, such as dielectric properties and high melting point, calcined alumina powder is gaining significant popularity in the paint and coatings industry. For instance, according to Coherent Market Insights, the global paints and coatings market was valued at US$ 137.25 billion and 46,686.09 kilo tons in 2016, and is expected to expand at a CAGR of 5.6% in terms of revenue and 4.8% in terms of volume during 2017 – 2025.
Availability of alternatives such as kyanite is expected to restrain growth of the global calcined alumina powder market. Kyanite offers high strength and volume stability at higher temperature, due to which it is widely used in commercial ceramics applications. For instance, according to United States Geological Survey, The U.S. is the world’s leading producer of kyanite, which recorded kyanite production of 110,000 metric tons in 2014, which increased by 100,000 metric tons from 2013.
Market Outlook
Among applications, the ceramics segment accounted for a major market share in 2016. The ceramics industry encompasses a wide variety of applications, including advanced ceramics, technical ceramics, honeycomb ceramics, spark plugs, high voltage insulators, and wear parts among other. Calcined alumina is a commonly used raw material in almost every ceramic application due to its robust mechanical, electrical, thermal, and chemical properties such as hardness, dielectric properties, and high melting point.
North America holds the second-largest market for calcined alumina powder. Introduction of new innovative technologies by key players and new product launches in the region are favoring market growth. For instance, Almatis GmbH expanded its North America refinery production to further service the non-metallurgical alumina such as calcined alumina in the chemical market. Furthermore, calcined alumina powders are typically used for metal lapping and polishing, as well as used as the traditional rough and final polishing abrasive, which is relatively inexpensive and readily available.
Asia Pacific is projected hold the fastest-growing market over the forecast period. Increasing demand for calcined alumina powder in the ceramics industries, for use as a porous ceramics material, helps enhance thermal conductivity, is expected to boost growth of the calcined alumina powder market size in the region over the forecast period. For instance, according to India Brand Equity Foundation (IBEF), ceramics industry was valued at US $ 4.63 billion in 2017, which is expected to increase by US$ 9.26 billion in 2020.
Key players in the Global Calcined Alumina Powder Market
Major players operating in the global calcined alumina powder market include Almatis, Hindalco Industries Limited, Graystar LLC, Saint-Gobain Ceramic Materials, Fuji Kasei, READE, Fujimi Corporation, Honeywell International Inc., Lianyungang Zhong Ao Aluminium Co., Ltd, Paradise Minerals, and Logitech
Key players are strategically investing in the market in order to enhance their product portfolio. For instance, in August 2017, Almatis announced a major expansion of its Falta, India specialty alumina plant with the planned installation of a tabular alumina converter. Furthermore, Alcoa World Alumina and Chemicals, also known as AWAC, is a global alumina business company that is a joint venture between Alumina Limited and Alcoa Inc. The company with an international network of alumina refineries accounts for around 10% of the world’s alumina production. This joint venture aims at expanding potential opportunities for refineries located in Australia and Brazil.
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Market Taxonomy
On the basis of product type, the calcined alumina powder market is segmented into:
    • Type I
    • Type II
On the basis of application, the calcined alumina powder market is segmented into:
    • Ceramics
    • Polishing Compound
    • Fillers
    • Refractory
    • Thermal Spray Powder
    • Paint and Coating
    • Others
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Tuesday 13 November 2018

Greenhouse Produce Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

A greenhouse also called as glasshouse is a structure with walls and roof made mainly of transparent material such as glass, which is used for growth of plants under regulated and controlled climatic conditions. Greenhouses enables production of crops at a time of year when they can’t be grown outdoors. Vegetables such as tomatoes, cucumbers, lettuces, zucchini, eggplants, spinach, pumpkins and fruits such as strawberries, melons, flowers such as roses, lilac, petunias herbs, geraniums, snapdragons, and marijuana are majorly produced under cover. In domestic greenhouses, the glass used is typically 3mm ‘horticultural glass' grade, which is good quality glass without air bubbles (which can produce scorching on leaves by acting like lenses). Tomatoes are widely grown in greenhouses, followed by cucumbers.
Plastics majorly used in construction of greenhouse are polyethylene film and multiwall sheets of polycarbonate material, or Polymethyl methacrylate (PMMA) acrylic glass. Commercial glass greenhouses are constructed with high-tech production facilities for vegetables or flowers. The glass greenhouses are equipped with screening installations, cooling and lighting, heating, and may be automatically controlled by a computer. Greenhouses protect the crops from various diseases, especially those which are soil born and tumble onto plants in the rain. Major advantage of greenhouse produce is season extension. Protected crops are less likely to get damaged by wind, rain, and hail so the percentage of marketable products is higher.
Market Dynamics
Major driver for greenhouse produce market growth is increasing demand for more intensive production of crops due to limited land, water, and labor. Regional governments are taking initiatives to develop new greenhouse production units. For instance, according to the Russian Federation Ministry of Agriculture, in 2016, 160 ha area of modern greenhouses were built in Russia.
Greenhouse production is more expensive than producing the same crop in the open field. Important factors determining costs of greenhouse production are depreciation of the structure and equipment, energy, labor, and variable costs such as plant material and fertilizer. According to the article published in an International Journal of Environmental Sciences, in 2013, comparison of the selling price of an open field and greenhouse cultivated tomatoes concluded that the selling price of greenhouse grown tomatoes was US$ 0.22 more than the open field grown tomatoes. Such factors are major challenges for growth of the market over the forecast period.
Market Outlook
According to global greenhouse produce market analysis, North America held the dominant position in the market in 2017, owing to high presence of vegetables and fruits manufacturers in the region, which are estimated to maintain dominance in market throughout the forecast period.
Increasing disposable income is expected to propel demand of greenhouse produce in the Asia, Latin American and Eastern Europe. Shandong is a leader in protected cultivation in China. Shandong has the largest surface area of greenhouses in China. The protected area totaled over 973,000 ha (including 300,000ha solar greenhouses and the rest of different sized tunnels) in 2015.
Based on product type, vegetables segment is projected to gain significant traction over the forecast period. Advances in plant biotechnology, transportation conditions such as plant cultivation friendly vehicle with inbuilt temperature control facilities, and marketing strategies such as advertisement and promotions are the major drivers for growth of floriculture industry and hence flowers segment is estimated to be the fastest growing segment in the global greenhouse produce market. According to United States Department of Agriculture (USDA) the US flower and ornamental plant market was valued at wholesale at US $4370 million in 2015.
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Key players in Global Greenhouse Produce Market
Key players in global greenhouse produce market are Greenhouse Produce Company LLC, GGS Structures Inc., Four Seasons Greenhouse and Nursery, Inc., Devry Greenhouse Ltd, Loch's Greenhouse, Elk River Greenhouse and Vegetable Farms, Mikes Greenhouse Produce Inc, Mitchell’s Greenhouse and Produce LLC, and Venlo AP HOLLAND Group. These key players are either designer, manufacturer or installer of domestic and commercial greenhouse structure.
Various trends and technologies are incorporated by manufacturers to increase the yield and to produce energy efficient greenhouses. For instance, in China, tunnels will be upgraded into solar greenhouses and solar greenhouse will be upgraded into glass greenhouses. According to Opportunity Report Horticulture in Shandong Province-2017, by Netherlands Enterprise Agency, there are several Venlo greenhouse projects on their way in China’s Dongying and Dezhou cities.
Market Taxonomy
On the basis of product type, global greenhouse produce market is segmented into:
    • Vegetables
    • Fruits
    • Flowers
    • Others
On the basis of irrigation, global greenhouse produce market is segmented into:
    • Soil & Culture
    • Transplant Production
    • Hydroponics
    • Others
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Monday 12 November 2018

Distributed Generation Market, By Technology, Application, and Geography - Global Industry Insights to 2026

Distributed generation is power generation on-site at the point of consumption. Distributed generation benefits the large loads with the reserved additional capacity, provides the sufficient power for the entire loads and sufficient redundancy for the maintenance.  In addition to this, the distributed energy generation offers better performance, increased reliability, and improved power quality which could positively influence the distributed generation market.
Increasing electricity consumption is the major factor driving the distributed generation market.
Increasing electricity consumption is a major driver for the growth of distributed generation market. For instance, according to the Electronic Industries Alliance (EIA) organization, the total world energy consumption rises from 575 quadrillion British thermal units (Btu) in 2015 to 736 quadrillion Btu in 2040, an increase of 28%. In addition to this, energy producers are increasingly inclined towards setting up energy production units close to the consumer base, in order to ensure uninterrupted power supply, minimal power wastage due to smaller power distribution and transmission lines, and in turn lowering requirement for extensive distribution lines and lowering costs associated with the same. This in turn has led to increase in growth of the distributed generation market.
The solar PV segment is expected to hold the largest and fastest growing segment in the market.
The solar PV segment held the largest distributed generation market share in 2016 and is projected to retain its dominance throughout the forecast period. Due to the decreasing cost of the solar photo voltaic cells, an increase in the number of installations of the solar PVs has been observed globally. For instance, according to the Solar Energy Industries Association (SEIA), the U.S. installed 2,031 megawatts (MW) of solar PV in 2017 to reach 49.3 gigawatts (GW) of total installed capacity, enough to power 9.5 million American homes. Therefore, the distributed solar photovoltaic systems supply the electricity during the grid outages causing from the extreme weather or any emergencies.  In addition to this, the distribution of large scale solar PV hybrid plants in several developing countries such as Kenya, Bangladesh, and Indonesia will propel the growth of distributed generation market in this segment.
Distributed Generation Market Taxonomy
On basis of technology the distributed generation market is segmented into
    • Wind
    • Solar Photovoltaic
    • Microturbines
    • Gas Turbines
    • Fuel Cells
    • Reciprocating Engines
On basis of application distributed generation market is segmented into
    • On-grid
    • Off-grid
On basis of end user distributed generation market is segmented into
    • Industrial
    • Commercial
    • Residential
Distributed Generation Market: Regional Insights
On basis of geography the distributed generation market is segmented into North America, Asia Pacific, Europe, South America, Middle East and Africa. By terms of geographical regions, Asia Pacific is estimated to be the major revenue contributor due to the  lack of a reliable grid infrastructure especially the South East Asian countries, where the population is spread across several islands, will drive the demand for off-grid power systems in the near future. According to the Global Environment Facility (GEF), the total population of Southeast Asian countries, Indonesia, Cambodia, Vie, Philippines and Thailand is around 507 million, of which nearly 111 million around of 22% of the population do not have access to grid electricity, the total population of the Pacific countries which include 14 island countries is around 8.6 million, of which nearly 6 million of the population do not have access to grid electricity. This creates a highly conducive environment for growth of the distributed generation market.
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Distributed Generation Market: Competitive Background
Some of the leading players in the distributed generation market are Siemens AG, General Electric (U.S.), Schneider Electric SE, Mitsubishi Motors Corporation, and Capstone, Activ Solar GmbH, Ballard Power Systems Inc., Fortis Wind Energy, GE Power & Water, Juwi Inc., Sharp Corporation, Cummins Inc. (U.S.), Caterpillar Inc. (U.S.).
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Reef Aquariums Market - Outlook, and Opportunity Analysis, 2015 – 2026

Reef aquariums is a marine aquarium that displays live marine invertebrates, corals including hammer coral, candy cane coral, pulse coral and frogspawn coral. It also has various types of fish such as clownfish, tangs, and gobies, which play an important role in maintaining the tropical coral reef environment. A reef aquarium requires turbulent water movement, intense lighting, and more stable water chemistry.
Thus reef aquariums consist of various components such as lighting, stand, sump, refugium, canopy, Filtration, and water movement. However, small water volume and fluctuations in water quality require extra attention as compared to aquariums of larger water volume.
However, high cost of the reef aquariums is one of the major restraining factor for growth of the global market.
Market Outlook
Asia Pacific held a dominant position in the global reef aquariums market in 2017, and it is expected to retain its dominance during the forecast period, owing to increasing consumer preferences towards reef aquarium due its benefits. Filtration in reef aquarium help to remove phosphate, iron, and nitrate from water and provide natural food source. It helps to remove discoloration of the water and remove dissolved matter such as organic to help purify the water in the reef system.
Key Trends
Key players are introducing new product and technology in the market for business expansion and product development. For instance, in May 2018, EHEIM presented the EHEIM LED control, a new wireless electronic lighting control system for setting (via WLAN) lighting scenes and light intensity as in nature. The controller operated via tablets or PC and smartphone without an app. Furthermore, the EHEIM stream control is a new electronic control system which is used for flow pumps and circulation for simulating natural water flows in the aquariums.
Key Players
Key players operating in the global reef aquariums market include, Jebao, API, Aqua Design Amano Co.,Ltd., EHEIM GmbH & Co. KG, AZOO, Interpet, JUWEL Aquarium AG & Co. KG, Arcadia, Tropical Marine Centre Limited, OASE GmbH, D-D The Aquarium Solution Ltd., and Spectrum Brands, Inc.
Market Taxonomy
On the basis of product type the global reef aquariums market is segmented into:
    • Natural
    • Artificial
On the basis of application the global reef aquariums market is segmented into:
    • Display Tank
    • Filtration
    • Lighting
    • Heating and Cooling
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Sunday 11 November 2018

Hydroponics Market Analysis, Trends and Forecast till 2025

Hydroponics is the method of growing plants without using soil or soil-less gardening using important nutrients in a mineral rich water solution. A plant only needs sunlight, sufficient amount of water, and selected nutrients to grow. Hydroponics farming allows a plant to grow 50% faster than conventional method. It eliminates the need of pesticides and herbicides. In hydroponic gardening, any type of water can be use that can be recycle and re-used, which reduces the need of fresh water and uses less space. Increasing consumption of salad crops and vegetables is expected to boost the growth of hydroponics market during the forecast period. Furthermore, higher yield of hydroponic crops as compare to conventional soil crops, increasing need of food security with increasing population, rise in cultivation of medicinal plants, and environmental friendly techniques are some of the divers for the growth of +hydroponic market.
Hydroponic crops produce higher yield as compared to conventional soil crops. Need of food security with increasing population, rise in cultivation of medicinal plants, and environmental friendly techniques are some of the growth divers in the hydroponic industry. On the other side, lack of awareness and knowledge about soil less farming and high capital cost are some of the major restrains in hydroponics market. According to the Food and Agriculture Organization of the United States the world hunger is rising, in 2015 approximately 777 million people were undernourished, which increased to 815 million in 2016. Therefore the growing adoption of hydroponics farming to tackle the hunger around the world is expected to drive the growth of hydroponics market over the forecast period.
Market Dynamics
The hydroponics market is expected to be dominated by Europe. This is mainly attributed to increasing need of food security and higher yield of hydroponic system than conventional soil based crops. In Asia Pacific, the increasing use of commodity prices, increased competition from players, and need to curtail costs are some of the factors fueling the growth of hydroponics market in Asia Pacific region. The players in global hydroponics market are mainly focusing on R&D activities investment and launching of new products. Various mergers, acquisition, joint venture, and agreements are being carried out by the hydroponics players to expand their presence globally.
Key features of the study:
This report provides in-depth analysis of hydroponics, market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global hydroponics market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.), Biodynamic LLC., General Hydroponics, Inc, Logiqs B.V. (The Netherlands), Lumigrow, Inc. (U.S.), Hydrofarm Inc, Hydrodynamics International Inc, Logiqs B.V,  Heliospectra AB, Village Farms International, Inc, Platinum Produce Company and Millennium Pacific Greenhouses Ltd, and Soave Enterprises LLC. Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global hydroponics market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the hydroponics market
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Detailed Segmentation:
    Global Hydroponics Market, By Equipment:
    • HVAC
    • Communication technology
    • LED Grow Light
    • Irrigation Systems
    • Material Handling
    • Control Systems
    • Others
Major Players in the Global Hydroponics Market
Some of the key market players in hydroponics are Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.), Biodynamic LLC., General Hydroponics, Inc, Logiqs B.V. (The Netherlands), Lumigrow, Inc. (U.S.), Hydrofarm Inc, Hydrodynamics International Inc,  Heliospectra AB, Village Farms International, Inc, Platinum Produce Company and Millennium Pacific Greenhouses Ltd, and Soave Enterprises LLC.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Sunday 4 November 2018

Hybrid Seeds Market Analysis, Share, and Outlook 2018- 2025

Hybrid seed are developed artificially by crossing two or more plants of different species. Crossing two different varieties result in development of seed that carries one or more desired traits. Hybrid seeds are majorly used in commercial farming to increase crop yields and to develop disease and climate resistant plants. These seeds are developed by natural methods of cross breeding and they are not genetically modified. Hybrid seeds are majorly used in gardening and farming of flowers and vegetables such as roses, tomatoes, and sweet corn. The advantages of hybrid seeds over conventional seeds are increased yield, early maturity, high heat and cold tolerance, disease and pest resistance, better uniformity, and better fruit quality. High demand for fruits and vegetables from emerging economies is driving growth of the hybrid seeds market.
Hybrid seeds Market Outlook
North America is the largest hybrid seeds market due to the increasing demand for enhanced farming product.
Asia Pacific is estimated to be the fastest growing market in the forecast period. India and China have the most demand of hybrid seeds market. With increasing populations, the demand for food has increased, enabling the need of highly efficient crop seeds. Urbanization has resulted in loss of farmland which means more food needs to be produced from lesser acreage.
In Latin America, Middle East, and Central Europe the hybrid seeds market is growing at a slow rate than others regions due to the lack of awareness and unorganized marketing system.
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The hybrids seeds are of different varieties for different kind of food items. Hence the demand and use of hybrid seeds are increasing with the technologies. The diversified demand of hybrid crops is the main reason for the increase in the hybrid seeds market in forecast period.
Hybrid seeds Market Challenges
The process of preparation of hybrid seed is expensive and complex process. The hybrid seeds cannot survive the changing climatic conditions. Also, the hybrid seeds cannot be reproduced once they have used in the field. The lack awareness among customers, unorganized marketing system and lack of biotic stress resistant hybrids are the major challenges for the hybrid seed market.
Hybrid seeds Market Taxonomy
On the basis of crop type, the hybrid seeds market is classified into:
Cereals and Grains: CornRiceSorghum
Fruits and vegetables: CabbageTomatoEggplantChiliOkraCucumber
Oil Seeds: Mustard,Sunflower, Others
On the basis of duration, the hybrid seeds market is classified into:Short-term, Medium-term, Long-term
On the basis of seed treatment, the hybrid seeds market is classified into:Treated, Untreated
On the basis of acreage, the hybrid seeds market is classified into:Rice, Corn, Sorghum and Millet
Hybrid seeds are segmented as, Short term hybrid seed can be stored about 9 to 12 months, medium term hybrid seed can be stored for 12 to 36 months and long term can be stored up to 4 years and much longer if refrigerated. Further segmentation is on basis of seed treatment. The hybrid seeds are treated to establish healthy crop by biological, physical and chemical agents to provide protection. Rice hybrid seeds are the most used seeds based on cultivated area.
There are various organic and inorganic growth strategies being followed by major player. AgrEvo, a joint venture of Hoechst AG and Schering AG is a market leader in hybrid vegetable seeds. Some of the key companies dominating the market are DOW Agro Sciences LLC, E.I Du Pont De Nemours and Company, Monsanto, Syngenta AG, KWS, Advanta Limited, Land O’ Lakes, Inc., Takii & Co. Ltd., Mahyco, Bostadt India Limited.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
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Wednesday 31 October 2018

Preservatives Market - Industry Trends, Outlook, and Forecast 2018 – 2026

Preservatives are substances or chemicals added to drugs, food, beverages, paints, cosmetics, and wood, in order to prevent microbial growth and undesirable changes in terms of both, physical and chemical properties. Preservatives are of two kinds, namely natural and synthetic, both of which are used to enhance the quality of the end product. Natural preservatives such as antioxidants, vitamin E, rosemary extracts, and seed extracts are readily available in nature and often obtained from plant sources. Synthetic preservatives such as benzoic acid, sodium nitrite, sulfur dioxide, and potassium sorbate, are chemical components processed and added to the end product. Growing health concerns among the global populace has caused an increasing demand for natural preservatives, in turn projecting immense growth for the preservatives market, over the forecast period. Positive growth outlook of the food industry in highly populous and emerging economies of India and China, further contribute to growth of the global preservative market.
On the basis of function, the preservatives market is categorized into antimicrobial and antioxidants. Preservatives that are added to end products to arrest growth of microorganisms are called antimicrobial preservatives. Some of the common antimicrobial agents that are used as preservatives are benzoic acid, lactic acid, nitrate, nitrite, propionic acid and sulfites. Preservatives that are used to inhibit oxidation process, especially in stored food items are called antioxidants. Food items with high fat content tend to get damaged during oxidation process, antioxidants are used in such food items to counteract the oxidation process and significantly increase shelf life of packaged food items. Some of the major antioxidants that are used as preservatives are Vitamin C, Vitamin E, carotenoids, lutein, selenium, and lycopene.
Preservatives Market Taxonomy
On the basis of source, the global market is classified into:
    • Natural
    • Synthetic
On the basis of function, the global market is classified into:
    • Antimicrobials
    • Antioxidants
On the basis of end user, the global market is classified into:
    • Food and beverages
    • Cosmetics
    • Pharmaceuticals
    • Construction
    • Others
In the construction industry, preservatives are widely used over wood, steel and glass materials to enhance its quality and increase its shelf life.  In the pharmaceuticals industry and cosmetics industry preservatives are majorly used to increase the shelf life and enhance stability of products. Rapid deterioration in quality and effectiveness of cosmetic products are experienced due to the presence of microbes or water in the final product. Cosmetics preservatives are used as antioxidants, stabilizers, and antimicrobials in the formulation of face masks, sunscreens, scrubs, and lotions. Cosmetics preservatives are available as wet wipes, rinse off, and leave-on.
Preservatives Market Outlook – Growing Demand for Processed Food Is Fueling Market Growth
Rising demand for processed food due to busy lifestyle and increasing number of women in the workforce is projected to drive growth of the preservatives market, over the forecast period (2016–2024). In addition growing retail industry in emerging economies and popularity of processed food among the younger generation is also boosting growth of the market for processed food, which in turn is projected to drive market growth. According to a study conducted by Coherent Market Insights, the market for processed food is projected to reach US$ 88.2 billion by 2024. The rampant growth of the market for processed food, is expected to fuel growth of the preservatives market, owing to the application of preservatives in processed food to enhance its overall quality, taste and shelf life.
Preservatives Market Challenges – Stringent Government Rules and Regulations
Stringent regulatory scenario regarding the use of preservatives considering its negative health impact is a challenge for growth of the global preservatives market. Various authorities across the globe regulate usage of preservatives. Despite its usage in various end-use industries such as food and pharmaceutical drugs, preservatives are associated with a number of health issues such as cancer, hyperactivity, and heart issues. The U.S. Food & Drug Administration (FDA) implemented certain guidelines for usage of preservatives in food and medicines. According to the FDA, 'a chemical preservative should comply with purity specifications in regulations in 21 CFR 172, or in the Food Chemicals Codex'. Also, countries such as Finland, Norway, Austria, U.K., and France have banned synthetic food colorings, while the U.K. and Canada have banned usage of Olestra (a fat substitute preservative). Such regulations imposed on the usage of preservatives, inhibits growth of the preservatives industry to a certain extent.
To Check The Trendisng Report Of Preservatives Market @ https://www.coherentmarketinsights.com/ongoing-insight/global-preservatives-market-264
Asia Pacific is expected to be the fastest growing market for preservatives over the forecast period, owing to increasing demand for ready-to-consume food items and growing retail industry. North America is the largest market for preservatives, followed by Europe. These regions are expected to retain their dominance over the forecast period, attributing to the availability of retail outlets, busy lifestyle of consumers resulting in an increasing inclination towards ready-to-eat food products. Large untapped markets in countries such as India, Bangladesh, South Africa, China, Malaysia, and Mexico are projected to provide lucrative growth opportunities for the preservative manufacturers, in the near future.
Key players in the global preservatives market include Corbion N.V., Cargill Incorporated, Kerry Group, BASF SE, Chr. Hansen A/S, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, and Celanese Corporation.
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