Antitranspirant Market Size, Share, Growth, and Industry Growth by Type (Film-Forming Type, Metabolic Inhibitors Type, and Others) By Application (Garden, Turf & Ornamental, Crops, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Antitranspirant Market REPORT OVERVIEW

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The global antitranspirant market size was USD 333.1 million in 2022 and is projected to touch USD 512.4 million by 2031, at a CAGR of 4.9% during the forecast period.

The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Antitranspirants are compounds smeared on the leaves of plants to decrease transpiration. They block the active excretion of hydrogen cation from the protector cells. Owing to the existence of carbon dioxide, rapid acidification of cytoplasm takes place leading to stomatal closure. Milbarrow (1974) has termed the creation of these compounds in the chloroplast. It transfers to the stomata, where it is accountable for testing the intake of Potassium ions or inducing loss of potassium ion from the guard cells. They are used on Christmas trees, on cut flowers, on newly transplanted shrubs, and in other applications to preserve and guard plants against drying out too fast. They have also been used to defend leaves from salt burn and fungal infections.

The antitranspirant market growth can be credited to the growing demand for antitranspirants from agriculture and architecture applications. Moreover, growing awareness about the benefits of using antitranspirants is also propelling the growth of this market.

COVID-19 Impact: Increasing Adoption of Hygiene to Positively Affect Market Growth.

The COVID-19 pandemic had a positive impact on the antitranspirant market as it is observed as a hygiene product. Moreover, the demand for personal hygiene and vegetables is anticipated to increase further in the coming years owing to the increasing awareness amongst customers due to the pandemic. Furthermore, manufacturing corporations consider that the pandemic has made customers more conscious of the necessity to uphold hygiene at a personal level and at home to decrease the balance of poison, and this is anticipated to become a tendency in the long run.

LATEST TRENDS

"Water Scarcity to Bolster Market Progress"

Antitranspirants are produced using synthetic or common compounds. They are usually useful to the leaves of plants to reduce transpiration. A share of the counter antitranspirants works by curbing the coming of hydrogen cation from the gatekeeper cells or by presenting a stomatal conclusion. Incapacity to elegantly acceptable water for the plants owing to the increasing water scarcity is a vital fact for the growth required after antitranspirants. Furthermore, the upsurge in trend disposable incomes will further deliver potential prospects for the development of the antitranspirant market during the forecast period. However, the escalation in the rates of products might further challenge the growth of the antitranspirant market in the coming years.

Antitranspirant Market SEGMENTATION

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• By Type Analysis

By type, the market is segmented into Film-Forming Type, Metabolic Inhibitors Type, and Others.

Film-forming is expected to be the leading segment in the global market. Antitranspirant is a production of vital oils and fluid polymer to form an exterior barrier on plants. The layer forms when the water evaporates, which blocks transpiration in the leaves.

• By Application Analysis

Based on application, the market is classified into Garden, Turf & Ornamental, Crops, and Others.

Gardens are anticipated to be the leading segment in the global market. It is a vital part of a living atmosphere, and it can be preserved in many altered ways. One way is through the use of agricultural antitranspirants to decrease water loss from plants owing to evapotranspiration (ET).

DRIVING FACTORS

"Increasing Adoption in Agriculture Sector to Facilitate Industry Progress"

An agricultural antitranspirant is a preparation that avoids plant transpiration. Transpiration is water transfers from leaves to the air over tree branches and stems. They lose water through their cells when they're hot or dry so there isn't sufficient moisture-holding onto them any longer. Plants can be very subtle since if not taken care of properly they will fade and die owing to a lack of airflow inside the foliage and stem tissues from which photosynthesis happens.

"Increasing R&D Activities to Magnify Market Growth"

Major factors such as the expansion of cultivation, increasing importance for gardens and homegrown bushes due to the growth in expendable incomes, and growing consumption of cut flowers and little tress for ornamental and stylish designs are dependend upon to drive the expansion of antitranspirant setting. The absence of suitable mindfulness between farmers and noteworthy expenditures on the items are restraining the market progress.

RESTRAINING FACTORS

"Environmental Damage to Impede Market Progress"

Be sure to read all instructions on the tag as antidesiccants can be the source of phototoxicity on some thin needled evergreens such as Arborvitae and Spruce that might affect more damage than winter burn.  Spraying in cold temperatures will do harm to the tress.  Do not spray in freezing temperatures and let it dry before temperatures drop below 32^oF or 0^oC.

Antitranspirant Market REGIONAL INSIGHTS

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"Increasing Demand for the Product to Bolster Growth in North America"

North America is expected to dominate the antitranspirant market share due to its widespread usage for frost protection in cold temperatures. The upsurge in demand for this product in India is projected to observe significant progression if the adoption of this product by ranchers remains reliably high and owing to improved awareness and approval among consumers are expected to drive the market growth in coming years.

Europe is anticipated to have a sizable market share. This is due to the low rate partially to its stringent guidelines on the usage of chemicals like those initiated in agriculture antiperspirants are smeared more frequently.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Miller Chemicals & Fertilizer (U.S.)
• Wilt-Pruf Products (U.S.)
• PBI-Gordon Corporation (U.S.)
• Yates (U.S.)
• Wilbur-Ellis (U.S.)
• Bonide (U.S.)
• ADAMA (Israel)
• AGROBEST AUSTRALIA (U.S.)
• Sumi Agro (U.K.)
• Coastal AgroBusiness (U.S.)
• Aquatrols (U.S.)
• Beijing Shenlanlin (China)
• Shanghai Zhilv (China)
• Zhengxhou Love Parker Chemical (China)

REPORT COVERAGE

This research profiles a report with extensive studies that take into a description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.