June 02, 2021
According to a research report titled ‘ASEAN Livestock Disinfectant Market By Livestock (Poultry, Swine, Ruminant, Aquaculture), By Product, Industry Analysis Report, Country Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2025’, available with Market Study Report, ASEAN livestock disinfectant market is projected to register commendable growth during the forecast period 2021-2025.
Report findings state that rising burden of livestock diseases, persistence of pathogens in animal enclosures, and growing awareness about animal health and hygiene are propelling ASEAN livestock disinfectant industry growth.
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For the unversed, a livestock disinfectant is an agent meant to eliminate all pathogens (excluding bacterial endospores) from inanimate objects. Disinfectants include products that are bactericidal, virucidal, and fungicidal. Disinfecting is essential to maintain the overall health and wellbeing of high-producing animals like dairy cows.
Based on livestock, ASEAN livestock disinfectant industry is classified into poultry, ruminant, aquaculture, swine, and others. Among these, the swine livestock segment is expected to register a compound annual growth of 6.15%, while the others segment is estimated to grow at 5% CAGR over the forecast time period.
With respect to product type, the market is categorized into polymeric biguanides, iodine, bisbiguanides, QAC, phenol, hydrogen peroxide, glutaraldehyde, sodium hypochlorite, formaldehyde, calcium hypochlorite, and others.
The glutaraldehyde product segment, and polymeric biguanides segment are slated to register an annual growth rate of 6.45%, during the analysis timeframe. Glutaraldehyde finds application as a biocide as well as a disinfectant. Moreover, it has substantial utility in several end-use industries, as it serves the purpose of an industrial antimicrobial agent as well as pesticides such as bactericide, fungicide, and algaecide, thus boosting segmental growth.
From a regional frame of reference, Thailand and Singapore are expected to contribute significantly to the overall ASEAN livestock disinfectant market remuneration, registering a CAGR of 6.25% and 6%, respectively, during the forecast period of 2021-2025.
Key contenders in ASEAN livestock disinfectant market space are Neogen Corp., Lanxess AG, Clorox Company, Ecolab Inc., Reckitt Benckiser Group, Procter & Gamble Company, 3M Company, Whiteley Corp Pty Ltd., Metrex Research LLC, CarrollClean, Diversey Holdings Ltd., Cantel Medical Corp, DuPont de Nemours Inc., and Johnson & Johnson & Inc.