Zinc Eugenol Market Estimated to Record Highest CAGR by 2021-2031
Published On :
Zinc Eugenol Market: Introduction
In terms of value, the global zinc eugenol market is anticipated to expand at a CAGR of ~11% and exceed US$ 30 thousand by 2031. North America is estimated to dominate the global zinc eugenol market by 2031 in terms of volume. It is projected to lead the global zinc eugenol market during the forecast period. The clove segment is projected to offer lucrative opportunities for the global zinc eugenol market in the near future. It is anticipated to be followed by the cinnamon source segment of the global zinc eugenol market in the near future. The zinc eugenol market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Rise in agricultural activities in order to meet the demand for food among the ever-increasing population in countries such as China, India, and Japan in Asia Pacific is driving the demand for zinc eugenol in the region. This, in turn, is boosting the zinc eugenol market in Asia Pacific.
The zinc eugenol market in North America is projected to expand at a healthy CAGR during the forecast period. It is anticipated to be followed by the zinc eugenol market in Europe during the forecast period.
Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=81971
Zinc Eugenol Market: Major Drivers and Restraints
Micronutrients are essential for healthy plant growth. Deficiency of any micronutrients results in decreased or limited crop yield as well as low quality of food products. This deficiency of micronutrients occurs globally, but varies according to the climate, soil condition, rainfall, and other environmental conditions. Growth in the rate of soil micronutrient deficiencies across the globe is a key factor driving the global zinc eugenol market. Micronutrient deficiency occurs due to human activities such as depletion of soil, owing to farming without adequate fertilization. The scarcity of micronutrients is also caused by excess fertilization with phosphate. Phosphate hampers the availability of zinc, iron, and copper for crops. The deficiency of micronutrients is expected to rise over the next few years. This deficiency of zinc has been primarily observed across the globe over the last decade. Zinc deficiency in soil is common in Asian countries such as India, China, Turkey, and Indonesia; northwestern area of South America; and Sub-Saharan Africa.
Eugenol is a naturally occurring aromatic compound derived primarily from cloves. It is used as a flavoring agent. It has many uses as a pesticide. The U.S. EPA has permitted the usage of eugenol as an active ingredient in minimum risk pesticides due to long history of human exposure and safe use as a food ingredient. Rise in penetration of chemicals in the food chain has catalyzed research studies to seek alternatives for chemically formulated agricultural supplies such as fertilizers, herbicides, pesticides, insecticides, and fertilizer mixes. Agricultural farms need to find ways to reduce their chemical footprint. This has resulted in an increase in search for greener and natural alternatives such as eugenol.
Pre Book our Premium Research Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=81971<ype=S
Eugenol is used as a main active component in preparation of pesticides. Micronutrient deficiencies can be overcome with the use of micronutrient fertilizers in soil. Thus, rise in demand for agrochemicals in the agriculture sector is fueling the demand for zinc eugenol. This, in turn, is augmenting the global zinc eugenol market.
However, lack of awareness and high cost compared to methyl eugenol are expected to hamper the global zinc eugenol market growth in the near future.
Zinc Eugenol Market: Prominent Segment
Based on source, the global zinc eugenol market can be segmented into clove, cinnamon, tulsi/holy basil, pepper, and others. Clove is projected to be an attractive segment of the global zinc eugenol market by 2031.
Competition Landscape of Zinc Eugenol Market
Key manufacturers operating in the global zinc eugenol market include WINFIELD SOLUTIONS, LLC, Van Aroma, CV. Indaroma, Sigma-Aldrich, Givaudan, and Penta Manufacturing Company.
Get Trending Report-https://www.prnewswire.com/news-releases/developments-in-synthetic-polymer-chemistry-drives-smart-polymers-market-notes-tmr-301368351.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact TMR
Mr. Rohit Bhisey
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
-
-
NEWS4 days ago
Dollar edges higher amid rate, political uncertainty
-
-
-
NEWS4 days ago
UBS capital requirements should be proportionate, minister says
-
-
-
NEWS4 days ago
Asia stocks rise after Wall Street records; dollar rebounds
-
-
-
NEWS3 days ago
Oil steady, traders hopeful on China demand but worried about Fed
-