Ammonia Market, Led by APAC, to Reach $ 68 Billion by 2025

According to TechSci Research report, “Global Ammonia Market By Grade,  By Application, By Manufacturing Process, By Region, Competition, Forecast & Opportunities, 2025”, the global ammonia market is forecast to reach $ 68 billion by 2025 owing to increasing demand from chemicals, fertilizers and pharmaceutical industries. Growing global fertilizer industry is expected to continue augmenting demand for ammonia over the next five years. However, global lockdown due to onset of COVID-19 has resulted in disruptions in the entire supply chain and decline in demand across major end use applications, globally, which is expected to negatively affect ammonia consumption in 2020.

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The global ammonia market is segmented based on grade, application, manufacturing process, and region. Based on grade, the global ammonia market is bifurcated into Anhydrous and Aqueous segments, of which Anhydrous holds the majority share due to its high demand in fertilizer market on account of its ease of availability and lower cost. Based on Application, the market can be fragmented into Fertilizers, Chemicals, pharmaceuticals, Electronics, Refrigeration, Household, Food, and Others. Fertilizers segment is expected to continue its dominance during the forecast period since nitrogen based products are abundantly used in agriculture sector, globally. Region wise, APAC is likely to dominate the global ammonia market over the next five years, majorly due to high consumption in China and India.

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COVID-19 pandemic is having a significant impact on the global demand scenario for ammonia, at least in the near term. Lockdown measures across the globe are negatively affecting the global fertilizer industry, which is resulting in declining demand for ammonia. This is expected to translate into negative growth of the global ammonia market in 2020. Nevertheless, with rising inclination towards opening up economies, demand for ammonia is forecast to witness revival and grow over the next five years.

Major players operating in the global ammonia market include CF Industries Holdings, Yara International, Nutrien Fertilizer, OCI NV, Ostchem Holdings, Ma’aden Phosphate, Mosaic Crop Nutrition, Eurochem Group AG, among others. “Global ammonia  market is witnessing steady growth and is expected to continue rising in the coming years. Market growth is anticipated on account of growing agriculture sector, majorly in Asia-Pacific, which will result in higher consumption of fertilizers, and consequently ammonia in the foreseeable future. Moreover, growing chemicals and pharmaceuticals sectors are also expected to positively influence the global ammonia market in the medium to long term.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Ammonia Market By Grade,  By Application, By Manufacturing Process, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Ammonia market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global ammonia market.

Source : TechSci Research 

APAC to Dominate Drip Irrigation Market until 2025

According to TechSci Research report, “Global Drip Irrigation Market By Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories, Others), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Olericulture, Others), By Emitter Type (Inline v/s Online), By Application (Surface v/s Subsurface), By End Use (Agricultural v/s Non-Agricultural), By Region, Competition, Forecast & Opportunities, 2025”, global drip irrigation market is expected to witness a significant CAGR during the forecast period. Governments across various countries are taking initiatives in promoting usage of drip irrigation systems by offering farmers subsidies, which is one of the major factors accounting for the growth of global drip irrigation market. Moreover, decrease in production cost is expected to bode well for the growth of global drip irrigation market through the forecast period. In addition to this, continuous advancements in emitters is expected to positively influence the growth of global drip irrigation market in the years to come. Also, inadequate rainfall coupled with depletion of water resources are further making headway for the growth of global drip irrigation market over the coming years. However, there are some factors that might act as major impediments to the growth of global drip irrigation market through 2025 including high initial investment associated with installing a drip irrigation system.

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Global drip irrigation market can be segmented based on component, crop type, emitter type, application, end use, company, and region. Based on application, the market can be categorized into surface v/s subsurface. Out of these, the surface drip irrigation segment dominated the market until 2019 and is expected to maintain its dominance during the forecast period as well as these surface drip irrigation equipment are extensively used to irrigate perennial crops, vegetable crops and annual row crops. Surface equipment utilize water, which is applied over the soil by drip tubes or laterals. In addition to this, high costs and increasing demand for cash crops and increasing demand for cash crops are further anticipated to fuel the segmental growth in the years to come. Moreover, wide adoption of surface drip irrigation can also be accredited to achievement for high water distribution uniformity when compared to subsurface irrigation. This is projected to positively impact the growth of segment over the next five years.

The Toro Company, Netafim Limited, Rain Bird Corporation, Jain Irrigation Systems Ltd., Lindsay Corporation, Chinadrip Irrigation Equipment Co. Ltd., Elgo Irrigation Ltd., Shanghai Huawei Water Saving Irrigation Corp., Antelco Pty Ltd., EPC Industries (Mahindra & Mahindra Ltd.), T-L Irrigation Company, Metzer Group Drip Irrigation Systems, Grupo Chamartin S.A., Dripworks Inc., Sistema Azud S.A., are among others are the leading players operating in global drip irrigation market. The players are adopting several growth strategies to enhance the market scenario of drip irrigation. Other competitive strategies include new technological developments; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position. 

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“Asia-Pacific is forecast to dominate the global drip irrigation market until 2025 on account of presence of large, irrigated areas in the region. Furthermore, growing awareness among the farmers about modern farming techniques is further anticipated to boost the market growth for drip irrigation over the coming years. Along with this, increasing demand of drip irrigation system from various application in emerging economies, such as India, China, and South Korea is expected to contribute to the growing trend in the upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Drip Irrigation Market By Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories, Others), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Olericulture, Others), By Emitter Type (Inline v/s Online), By Application (Surface v/s Subsurface), By End Use (Agricultural v/s Non-Agricultural), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global drip irrigation market and provides statistics & information on market size, structure and market growth future. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global drip irrigation market.

Source : TechSci Research

APAC to Dominate Agricultural Equipment Market until 2025

According to TechSci Research report, “Global Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Region, Forecast & Opportunities, 2025”, the global agricultural equipment market is expected to grow at a steady rate during the forecast period on account of the growing need to improve the operational efficiencies of the agricultural sector. Additionally, supportive government policies & schemes in which a large number of subsidies are being provided and agricultural equipment are being provided at low rates to the farmers is further expected to fuel the market growth through 2025. Also, flourishing food and beverage industry is also expected to positively influence the market growth during the forecast period. Besides, technological advancements and advent of AI, IoT, GPS, machine learning, among others in the agricultural industry is further expected to create lucrative opportunities for the market growth. However, high costs of agricultural equipment might hamper the market growth through 2025. Additionally, the agricultural equipment market is highly fragmented and there is intense competition in the market. This in turn might negatively influence the market growth during the forecast period. Moreover, lack of awareness pertaining to different agricultural equipment among the farmers, especially in the emerging world is further expected to restrict the market growth over the next few years. Furthermore, dearth of skilled labor is also expected to slow down the market growth during the forecast period.

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The global agricultural equipment market is segmented based on type, automation, sales channel, application, company and region. Based on type, the market can be categorized into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment and others. Here, the harvesters segment is expected to register the highest growth in the market on account of the need to increase the yield, while reducing the overall labor costs. Additionally, they provide fuel efficiency also. Based on sales channel, the market can be split into OEMs and aftermarket. Among these, the OEM segment is expected to dominate the market owing to the growing demand for agricultural equipment. Based on application, the market can be fragmented into land development & seed bed preparation, sowing & planting, weed cultivation, plant protection, harvesting & threshing, post-harvest & agro processing and others. Out of these, the weed cultivation segment is also expected to witness significant growth on account of the widespread use of agricultural equipment such as shovel, plough, among others to reduce the time of weeding.

John Deere (Deere & Company), AGCO Corporation, CNH Industrial N.V., CLAAS KGaA mbH, Kubota Corporation, Mahindra & Mahindra Limited, SDF Group, J C Bamford Excavators, Iseki & Co. Ltd., Agrocenter Ltd., AMAZONE Ltd., Agromaster, APV – Technische Produkte GmbH, Bellota, Escorts Group and others are some of the leading players operating in global agricultural equipment market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Asia-Pacific is expected to dominate in the agricultural equipment market during the forecast period, owing to the low level of mechanization in the region. China holds the largest market for agricultural equipment in the region holding around 35-40% of the total market share. This can be ascribed to the huge number of subsidies provided by the Chinese government to the farmers for the purchase of agricultural equipment. On the other hand, India being an agrarian economy, further increases the demand for agricultural equipment. Also, major players operating in the market are expanding their operations in the Asia-Pacific region. This in turn is expected to create lucrative opportunities for the market growth in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual),      By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of global agricultural equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global agricultural equipment market.

Source : TechSci Research

India Jute Bags Market to Witness Significant Growth During Forecast Period

According to TechSci Research report, “India Jute Bags Market By Type (Jute Sack Bags, Jute Shopping Bags, Jute Hessian Bags, Double Wrap Bag, Jute Webbing), By Size (Up to 1 Kg, 1-5 Kg, 5-10 Kg, 10-50 Kg), By Price (Premium v/s Economy), By End Use (Agriculture, Packaging Industry, Textile, Horticulture, Others), By Region, Forecast & Opportunities, FY2026”, the India jute bags market is expected to grow at an impressive rate during the forecast period on account of the growing environmental awareness pertaining to the rising pollution levels and depleting ozone layer. This has led to replacement and ban of plastics bags and products. This in turn is expected to propel the market growth through FY2026. Additionally, benefits such as recyclability, reusability, biodegradability and non-toxicity associated with jute bags is further expected to spur the market growth over the next few years. Furthermore, easy availability, inexhaustible quantity and cost effectiveness of jute bags is further expected to drive the market growth during the forecast period. Also, jute and jute products form an integral part of the textile industry and flourishing textile industry is expected to create lucrative opportunities for the market growth until FY2026. However, decreasing arable land might hamper the overall production, thereby impacting the market growth. Besides, jute production is quite labor intensive and issues pertaining to the quality of produce might hinder the market growth over the next few years. Moreover, lack of modernization and dearth of skilled professionals in jute mills might further impede the market growth during the forecast period.

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The India jute bags market is segmented based on type, size, price, end use, company and region. Based on type, the market can be categorized into jute sack bags, jute shopping bags, jute hessian bags, double wrap bags and jute webbing. Here, the jute shopping bags segment is expected to register the highest growth in the market on account of the ban imposed by the government on the use of plastic bags. Based on end use, the market can be fragmented into agriculture, packaging industry, textile, horticulture and others. Among these, the agriculture industry is expected to dominate the market on account of the widespread use of jute bags for packaging grains, fruits & vegetables, among others. However, the packaging industry is expected to register significant growth on account of the low thermal conductivity and less moisture retention property of jute bags.

Shree Jee International India Ltd., Coastal Packagers, Ashoka Exports, Aarbur, Hitaishi KK Manufacturing Co Pvt Ltd, Howrah Mills Co. Ltd., Gloster Limited, Krishna Jute Bags Company, A. P. Exim Commercials, Veenayak Enterprise, Green Packaging Industries Private Limited, R. K. Enterprise, Yucon Exports Private Limited, Aditya Translink Pvt. Ltd, G M Jute Exports Co. and others are some of the leading players operating in India jute bags market.

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“India jute bags market is expected to grow at a formidable rate during the forecast period. This can be attributed to the widespread production, consumption, and export of jute bags. Additionally, growing jute industry in the country, especially in West Bengal is expected to fuel the market growth through FY2026. West Bengal alone accounts for more than 50% of the jute production with 60 out of 70 major jute mills being located in West Bengal. Furthermore, extensive use of jute bags as shopping bags, gift bags, packaging bags, among others is expected to bolster the market growth over the next few years. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Jute Bags Market By Type (Jute Sack Bags, Jute Shopping Bags, Jute Hessian Bags, Double Wrap Bag, Jute Webbing), By Size (Up to 1 Kg, 1-5 Kg, 5-10 Kg, 10-50 Kg), By Price (Premium v/s Economy), By End Use (Agriculture, Packaging Industry, Textile, Horticulture, Others), By Region, Forecast & Opportunities, FY2026”,has evaluated the future growth potential of India jute bags market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India jute bags market.

Source : TechSci Research