Asia Pacific Silage Additives Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025

Asia Pacific Silage Additives Market was Valued at US$ XX Mn in 2018, Due to Increasing Demand for Sustainable Farming Practices and Increasing Population Demand for Healthy Meat
Analyst Speak:

“The Asia Pacific Silage Additives Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025” owing to rise in demand for healthy meat by the growing population and increasing subsidies on meat exports.

The Asia Pacific silage additives market was valued at US$ XX Mn in 2018 and growing at a significant CAGR over the forecast period due to increasing consumption of meat population and development of meat industrially along with subsidies that government is offering for the meat exports are major driving factors of the market over the forecast period. In addition, focus of market players on untapped market in Asia Pacific regions fuels the growth of the market. However, high cost of products and lack of awareness among the farmers hampers the growth of the market.

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Asia Pacific silage additives market segmented on the basis of product type, silage crop, application, and formulation.

Corn Segment, by Crop Type Leads the Silage Additives Market with highest revenue share

Based on crop type, Asia Pacific silage additives market segmented into alfalfa, oats, rye, barley, corn, sorghum, and others. Corns segment registered highest revenue share in 2018 and expected to dominate over the forecast period owing increasing demand for the silage additives and rising trend of biologicals boosts the growth of the market. In addition, growing number of livestock industries and environmental fluctuations in japan fuels the growth of the market over the forecast period.
Japan Leads the Asia Pacific Silage Additives Market

PBI’s Asia Pacific silage additives market report analyses the market in different countries such as Japan, China, India, Australia & New Zealand, ASEAN Countries, South Korea, and Rest of Asia Pacific. According to geographical analysis, Japan holds larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 due to increase in R&D for the development of new products and rising awareness regarding silage additives along with the increasing demand for high agriculture production drives the growth of the market over forecast years. China and India expected to exhibit highest growth rate over forecast period due to growing number of livestock industries and expansion by the market players fuels the growth of the market.

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Investing in R&D for the Development of New Products are the key strategies adopted by the market players

Market Players are increasingly adopting the strategies such as higher investment in R&D to develop a new product and enhance their presence and strengthen their position in the market. For instance, In July 2016, BioZyme® Inc. has developed a natural silage additive called AmaSile™ which is scientifically formulated to reduce the time required by silage to properly ferment, minimize nutrient loss and reduce spoilage by undesirable bacteria.

Key player’s profiles in the report are BASF SE (Germany), DuPont, Pioneer (DuPont) (U.S.), Lallemand, Inc. (U.S.), Schaumann BioEnergy GmbH (Germany), Hansen A/S (Denmark), Nutreco N.V. (Netherlands), BioZyme, Inc. (U.S.).

Precision Business Insights (PBI) in its report titled “Asia Pacific Silage Additives Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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Detailed Segmentation

By Product Type
o Organic acids
o Enzymes
o Sugars
o Inoculants
o Others
By Silage Crop Type
o Alfalfa
o Oats
o Rye
o Barley
o Corn
o Sorghum
o Others
By Formulation
o Dry
o Liquid
By Application
o Inhibition
o Stimulation
o Moisture Absorption
o Others
Country

o Japan
o China
o India
o Australia & New Zealand
o ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
o South Korea
o Rest of Asia Pacific

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