Europe Takes Lead in Global Silage Additives Market, Informs Stratistics MRC in Its New Study Available at MarketPublishers.com28 Feb 2017 • by Natalie Aster
LONDON – In 2015, the value of the world’s silage additives market stood at around USD 0.54 billion. It is forecast to register a 5.2% CAGR in the next five years to reach the value of USD 0.80 billion by the year 2022. Key market growth drivers comprise rising need to improve feed consumption, continued industrialization of stock and animal protein industry, enhancing awareness of animals’ health, amid others.
Presently, the inoculants sector captures the biggest market share. Furthermore, it is predicted to maintain its dominance through 2022 owing to the escalating demand for silage additives from the livestock industry.
Europe ranks the top regional market for silage additives in terms of revenues owing to accelerating awareness amid farmers about transformation of the damaged field crops into forage crops.
New topical research study “Silage Additives - Global Market Outlook (2016-2022)” elaborated by Stratistics MRC gives a clear understanding of the current scenario in the world’s silage additives market. It covers the market performance at various geographical scales and presents access to reliable updates statistics and important estimates and figures. The report examines the market dynamics and key influencing factors, touches upon regulative norms and competitive pressures, profiles top players, discusses prevailing trends and the hottest issues, outlines future growth prospects and covers the major challenges. In addition, a future outlook through 2022 is available in the report.
For other reports prepared by this publisher follow to the Stratistics MRC page at MarketPublishers.com.