Polyethylene (PE) Films Market Forecasts to 2028 – Global Analysis By Type (Shrink Films and Stretch Films), Technology (Cast Film Extrusion and Blow Film Extrusion), Material (Low-density Polyethylene (LDPE), Linear Low-density Polyethylene (LLDPE) and H

Polyethylene (PE) Films Market Forecasts to 2028 – Global Analysis By Type (Shrink Films and Stretch Films), Technology (Cast Film Extrusion and Blow Film Extrusion), Material (Low-density Polyethylene (LDPE), Linear Low-density Polyethylene (LLDPE) and High-density Polyethylene (HDPE)), Thickness (Up to 8 microns, 8 - 14 microns and Above 14 microns), End User and By Geography

According to Stratistics MRC, the Global Feed Preservatives Market is accounted for $3.46 billion in 2022 and is expected to reach $4.83 billion by 2028 growing at a CAGR of 5.7% during the forecast period. A feed preservative is a substance used in animal feed to reduce or prevent bacterial development. These additives decrease microbial contamination, extending the shelf life of complex feed. The two most often used preservatives are antioxidants and mold inhibitors. Demand for feed preservatives is rising as the livestock and feed industries expand. The expanding demand for feed additives has been greatly influenced by the increased attention on food and feed safety.

According to the International Feed Industry Federation (IFIF), the animal feed industry goes across the edge of 1 billion metric tons of production and is predicted to continue an upward trajectory as the population continues to rise. The animal feed industry grew by a strong 3 percent in 2018, to 1.103 billion metric tons.

Market Dynamics:

Driver:

Growing applications of livestock in the food industry to fuel its production

The livestock sector has been impacted by the vastly increased global demand for animal production. The market is being driven by a number of variables, including a sharp increase in meat consumption, a growth in the demand for meat and dairy products, and a rise in egg demand. The demand for feed preservatives has greatly expanded as a result of the growing demand for livestock in the food business.

Restraint:

Low-profit margin and lesser availability of end products

High margins are difficult to obtain in the animal nutrition sector. The sales volume has decreased during the last few decades as a result of the lower volume of high margin products sold. The available margins have been reduced, and the sales volume has decreased, as a result of the oversupply, overpromising, and under delivering principles. The demand for feed preservatives gradually decreased as a result of under delivering principles, which reduced the profit that was initially accessible.

Opportunity:

Surge in demand for natural preservatives

To increase the feed's effectiveness and shelf life, feed preservatives are utilized. Antibiotics can no longer be used to preserve feeds due to antibiotic-resistant bacteria and their residue in animal products brought on by the widespread use of antibiotics. Antibiotics cannot be used to stimulate growth, according to the EU. Natural feed preservatives now have a growth opportunity due to the restriction on antibiotics.

Threat:

Market capitalization

The cooperative organizations have a strong network of farmers that get raw ingredients locally, which presents a challenge for feed preservative producers. Because these organizations are the largest buyers in the area or region, they may obtain commercial feed and have a competitive edge over feed manufacturers.

Covid-19 Impact

COVID-19 is an unprecedented global public health disaster that has affected nearly every business, and the long-term impacts are expected to have an influence on industry growth during the forecast period. The supply chain of the raw material has been disrupted by the pandemic and lockdown, which have changed global patterns of consumption and manufacturing. Because animals cannot acquire enough nourishment from regular feed, vitamins, fatty acids, amino acids, and trace minerals are added to their usual diet as feed additives. More than 100 nations around the world have been affected by the COVID-19 outbreak, which will have a big influence on the market for compound feed and additives in 2020.

The poultry segment is expected to be the largest during the forecast period

The poultry segment is estimated to have a lucrative growth, due to the increasing demand for eggs for appropriate vitamins and protein. The need for feed preservatives in the chicken industry will increase as people become more aware of the importance of optimal nutrition and care. Additionally, the rising demand for poultry meat would increase the use of animal feed among poultry producers, which is anticipated to increase the use of feed preservatives to lengthen the shelf life of the product. This is due to the low cost and high protein content of poultry meat.

The compound feed segment is expected to have the highest CAGR during the forecast period

The compound feed segment is anticipated to witness the fastest CAGR growth during the forecast period, due to growing business portfolios and expanded market prospects. Compound feed, which is used to feed cattle, is a combination of organic materials and foods that may be eaten, including vegetables.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing importance of the cattle and poultry industries in the region, particularly in India and China. Additionally, it is anticipated that the region will use feed preservatives more frequently due to the favorable view of disease-free bovine meat. China is one of the world's major producers of meat, which is anticipated to continue to be advantageous for market expansion within the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the easy availability of raw material such as maize and dextrose within the region. For example, the United States is one of the world's largest maize producers. A total of 96,000,000 acres were set aside in the United States for maize farming, and 13% of the crop's annual harvest is exported to foreign nations. Additionally, it is anticipated that the market expansion will be aided by the presence of major industry players in the area, including Cargill Incorporated, Dupont Nutrition & Health, and others.

Key players in the market

Some of the key players profiled in the Feed Preservatives Market include Alltech, Inc., Archer-Daniels-Midland Company, Avon Animal Health, Bluestar Adisseo Nutrition Group Ltd., BASF SE, Cargill, Inc, DSM N.V., Eastman Chemical Company, Impextraco NV, Jungbunzlauer Suisse AG, Kemin Industries, Niacet Corporation, Nor-Feed, Novus International, Inc., Nutreco N.V., Perstorp Holding AB, Pestell Minerals & Ingredients, Inc., Saideep Exports Pvt. Ltd., Vee Excel Drugs and Pharmaceuticals Pvt. Ltd., Vinayak Ingredients

Key Developments:

In February 2022, BASF SE expanded its feed enzymes production plant in Ludwigshafen, Germany. This expansion will help in increasing the production capacity and meet the rising demand from customers.

In January 2022, Cargill is assembling a portfolio of AI-driven innovations such as Galleon Microbiome Analysis and Birdoo to assess broiler health and weight performance. The company is developing these technologies through proprietary developments and strategic partnerships to provide customers with actionable insights so that they can optimize their operations.

In December 2021, BASF SE launched Natupulse TS to improve nutrient digestion in a more cost-effective and sustainable manner. With this product launch, the company intends to reach a larger customer base looking for solutions to make the feed more cost-effective and support the sustainable production of animal protein.

Types Covered:
• Anticaking Agents
• Feed Antioxidants
• Mold Inhibitors
• Feed Acidifiers

Livestocks Covered:
• Aquaculture
• Poultry
• Ruminants
• Swine
• Other Livestocks

Feed Types Covered:
• Compound Feed
• Silage
• Feed Meal
• Feed Premix
• Other Feed Types

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements