Plant Antifreeze Market size is forecast to reach $2 billion by 2025 after growing at a CAGR of 3.5% during 2020-2025. Plant antifreeze are chemicals, which reduce the freezing point of water inside the tissues of plants. The growth of the market of plant antifreeze is expected to be driven by the high demand from the agriculture industry.

Key Takeaways

North America dominates the plant antifreeze market owing to increasing demand from agriculture sector.

Natural plant antifreeze is driving the growth of the plant antifreeze market in the forecast period.

Toxicity of antifreeze can be devastating to the health of the soil and the plants are likely to hinder the market growth of plant antifreeze.

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By Application-Segment Analysis

Cereals segment held the largest share in the plant antifreeze market in 2019 with a share of 6%. Since cereals are grown in almost all countries, the global demand for plant antifreeze is high for them. On a global level, the total cereal production has been increasing, and with the growth in cereal production and consumption, it has become important for producers to focus more on its yield and quality. The cereals and grains market is witnessing growth as they are a rich source of vitamins and minerals, and are used in large amounts in animal feed. Plant antifreeze reduces the financial losses caused due to freezing temperature. Moreover, Plant antifreeze enhances the ability of cereals, thereby improving yields. These factors are expected to drive the growth of plant antifreeze during the forecast period.

Driver- Pant Antifreeze Market

Rise in the use of Natural Plant Antifreeze will drive the market

Growth of agriculture sector will drive the growth of the market

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the plant antifreeze market. Major players in the plant antifreeze are BASF SE, Syngenta, Monsanto Europe, DuPont de Nemours, Dow AgroSciences and others.

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