Global Plant Antifreeze Market - 2023-2030

Overview

Global Plant Antifreeze Market reached US$ 1.9 billion in 2022 and is expected to reach US$ 2.9 billion by 2030, growing with a CAGR of 5.2% during the forecast period 2023-2030.

The global plant antifreeze market has witnessed significant growth, as the farmers in cold temperatures are highly adopting this antifreeze as it enhances the plant's natural mechanisms for freezing and prevents the growth of large ice crystals within the plant, also helps in reducing crop losses due to cellular damages. Hence, such factors help in driving the global plant antifreeze market.

Furthermore, Plant antifreeze is highly used in horticulture, as it helps in reducing the freeze damages and increases crop productivity. For instance, according to the Department of Agriculture and Farmers Welfare report of 2022, Total Horticulture production in 2021-22 is estimated to be 341.63 million tones, an increase of about 7.03 million tones (an increase of 2.10%) over 2020-21 which is around 334 Million tones.

The propylene glycol segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the plant antifreeze market, capturing the largest market share of over 1/3rd. India remains the largest consumer of these antifreeze as it produces and exports cereals. Hence, the market is high in this region.

Dynamics

Increase in Demand for Advanced Technologies in Agriculture

Farmers are highly adopting advanced technologies in agriculture which increases the demand for plant antifreeze, this antifreeze helps in reducing or preventing the formation of ice crystals in plants during cold temperatures and also helps in enhancing the tolerance for cold temperatures and reduces crop losses. Hence, such factors help in increasing the adoption rate.

Furthermore, many manufacturing companies are producing innovative products in order to expand their portfolios. For instance, Ekopatent company produces EkoFreeze, an organic plant antifreeze aimed at reducing the adverse effects of spring and autumn frost. Due to the high content of microelements boron (B), manganese (Mn), and zinc (Zn), it can be used for reinforced nutrition for potatoes, sugar beet, carrots, and other bulbous plants. Hence, such products can help in increasing the market size.

Increase in Demand for Crop Protection

The increase in demand for crop protection significantly increases the demand for antifreeze among the farmers as they plant anti-freeze to help in preventing the formation of larger ice crystals in tissues and reduce the cellular damages of plant and crop losses due to colder temperatures. Hence, such factors help in increasing the adoption rates.

Furthermore, many key players are focusing on producing innovative high-quality products in order to attract larger consumer bases. For instance, Trubiol company produces, TruBiol Plant Antifreeze includes plant-based amino acids, enzymes, and macro and micro feeding elements. The product does not include any toxic chemicals and does not leave any chemical residue when applied.

Toxic Nature of Anti-freezers

The toxic nature of anti-freezers can significantly affect the growth of the global plant antifreeze market, as some of the anti-freezers such as glycerine, and ethylene glycol contain toxic properties and also leave a chemical residue in plants, which can cause adverse health effects to humans which could cause a declination in adoption rates.

Segment Analysis

The global plant antifreeze market is segmented based on product, distribution channel, application and region.

Increase in Demand for Effective Crop Protection

The propylene glycol segments hold the maximum share in global Plant antifreeze markets. Farmers are adopting this antifreeze in plant as they can help prevent ice crystal formation within plant tissues, thus reducing the risk of cellular damage and helping in reducing crop losses. Hence, such factors help in increasing the market growth.

Furthermore, many manufacturing companies are focusing on producing in order to expand their larger consumer bases. For instance, ADM company produces propylene glycol, it is a plant-based product, it helps in reducing the dependency on petrochemical feedstocks, and meets the U.S. government's bio-preferred specifications for ingredients. Hence, such products help in increasing the adoption rates.

Geographical Penetration

Vast Agricultural land and High Cereals Production

Asia-Pacific has been a dominant force in the global plant antifreeze market and its significance has only grown in the post-2020 era. Farmers in this region are highly adopting these anti-freezers as they help prevent the formation of larger ice crystals in the plants and help reduce crop losses. Hence, such factors help to increase the adoption rate in this region.

Furthermore, the presence of vast agricultural land can help in increasing the usage of these antifreeze in agriculture. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, Australia contains a total of 427 million hectares of land used for agriculture. Hence, it can help in increasing the adoption rate in this region.

Additionally, plant antifreeze is highly used in cereals, as it helps increase production. For instance, according to the Ministry of Agriculture of India, the production of major cereals like rice, maize, and Bajra stood at 102.36 million tones, 19.88 million tones and 9.23 million tonnes respectively, India is the largest producer as well as the largest exporter of cereal products in the world. India's export of cereals stood at Rs. 111,062.37 Crore / 13,857.95 USD Million during the year 2022-23. Hence such production rates can help in increasing the market for plant anti-freeze in this region.

Competitive Landscape

The major global players in the market include: Trubiol, Bimas, K + S Aktiengesellschaft, Ekopatent, BDI cooling solutions, ADM, Vizag Chemical International, Merck KGaA, CropAid International Ltd, and Elliott Auto Supply Co., Inc.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, during pandemic many governments have imposed lockdown restrictions due to which many manufacturing companies have shut down which led to a decrease in the availability of products in the market which led to a decrease in the growth of global Plant antifreeze market.

By Product

• Glycerine
• Propylene Glycol
• Ethylene Glycol
• Others

By Distribution Channel

• E-Commerce
• Hypermarkets/Supermarkets
• Supermarkets
• Specialty Stores
• Others

By Application

• Turfs and Ornamentals Crops
• Cash Crops
• Horticulture Crops
• Cereals
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In September 2023, Dow launched a new range of propylene glycol solutions featuring alternatives lower carbon, bio-based, and circular feedstocks in Europe.

Why Purchase the Report?

• To visualize the global plant's antifreeze market segmentation based on product, distribution channel, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of plant antifreeze market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global plant antifreeze market report would provide approximately 61 tables, 62 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies