DUBLIN, July 13, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/thgzjj/silage_inoculants) has announced the addition of the "Silage Inoculants & Enzymes Market by Type, Species, Enzymes, Crop-type, & by Geography - Global Trends and Forecast to 2020" report to their offering.
The global silage inoculants & enzymes market was valued at $ 387.08 million in 2014 and is projected to grow at a CAGR of 4.0% from 2015 to 2020.
There is an increasing popularity of processed corn silage since there has been a wider use of custom harvesters, larger farms, and availability of processing equipment in North America. The U.S. is the largest silage inoculants & enzymes market in the North America. In the U.S., nearly 10% of corn along with legumes and grass forages, sorghum, and small grains are reaped as silage.
Silage inoculants consist of bacteria which are used to dominate the fermentation of the silage and further aid in better crop preservation. Silage inoculants are divided into two groups depending on how they ferment a common plant sugar, or glucose. A good silage inoculant helps in faster and more efficient fermentation. It further results in less energy and dry matter loss and better animal performance. Inoculants can decrease the silage shrink, increase silage quality, and result in the enhancement in the efficiency of milk or meat production.
The market of silage inoculants & enzymes is projected to grow significantly for the next five years in almost all parts of the world, especially in the North American and European countries. Increasing feed grains and compound feed prices, rising livestock population and decreasing grazing and pasture land area are some of the major drivers for silage inoculants and enzymes market globally. On the other hand, increasing R&D and investments in animal feed industry have also boasted the market growth. However, unawareness and low adoption rate of silage inoculants & enzymes and high set-up cost for ensiling are the major restraining factors to the growth of the market.
The global silage inoculants & enzymes market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Silage Inoculants Market, By Type
8 Silage Inoculants Market, By Species
9 Silage Enzymes Market, By Type
10 Silage Inoculants & Enzymes Market, By Crop Type
11 Silage Inoculants & Enzymes Market, By Region
12 Competitive Landscape
13 Company Profiles
ADDCON GROUP GmbH (Germany)
Agri-King Inc. (U.S.)
Archer Daniels Midland Company (U.S.)
Biomin Holding GmbH (Austria)
Chr. Hansen A/S (Denmark). Other players include companies such as Volac International Ltd. (U.K.)
E. I. du Pont de Nemours and Company (U.S.)
Kemin Industries (U.S.)
Lallemand Inc. (Canada)
Schamann BioEnergy GmbH (Germany).
For more information visit http://www.researchandmarkets.com/research/thgzjj/silage_inoculants
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SOURCE Research and Markets