Crop Protection Pesticides Market Shows Expected Trend to Guide from 2016-2021 with Growth Analysis | Market Data Forecast
The Global Crop Protection Pesticides Market
has been estimated at USD 70.00 Billion in 2016 and is projected to reach USD
90.62 Billion by 2021, at a CAGR of 5.3% during the forecast period from 2016
to 2021. Pesticides constitute the largest Share of the Crop Protection
Pesticides, with Bio-pesticides accounting for a comparatively minute share.
However, due to the environmental concerns regarding the use of synthetic
pesticides, there is a great increase in the demand for eco-friendly
bio-pesticides. Pesticides are most commonly used as plant protection products
that protects plants from damaging influences such as weeds, plant diseases or
insects. They constitute a class of agrochemicals used for preventing the
destruction of crops by pests, diseases and weeds.
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Increased crop yield and efficiency, growing
demand for food safety & quality amidst the stringent regulation, demand
for organic and completely natural foods and increasing awareness about pesticides
that resulted in increased use of pesticides are driving the Global Crop
Protection Pesticides Market. High costs of research and development, strict
government regulation on pesticides residues on crops and reduced the credit
access to the farmers because of various political and economic conditions of
the nations are constraining the market growth globally.
Global market for Pesticides is segmented
into Crop-based Application and Non-crop-based Application. Each of these
segments are further sub segmented as follows: based on Crop-Based
Applications- Grains & Cereals, Oilseeds and Fruits & Vegetables, based
on Non-Crop-Based Applications- Turf & Ornamental Grass and Other
Applications. Pesticide Market Is also segmented into type which is further subdivided
into Synthetic and Bio-pesticides. Each of these are further sub divided into
Herbicides, Insecticides, Fungicides, Other Synthetic Pesticides and
Bio-herbicides, Bio-insecticides, Bio-fungicides Other Bio-pesticides
respectively.
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Geographically, Global market for Pesticides
is segmented into North America, Asia Pacific, Latin America, Europe, and
Africa & Middle-East. The growth is high in developing countries of Asia,
South America, and. Europe. North America is the leading market for pesticides
where Asia pacific is witnessing the highest growth rate due to increase in
population in the region which led to increase in agricultural practices,
ensuing greater utilization of pesticides.
Marrone Bio Innovations, DuPont, Arysta Life
sciences, BASF, and Dow Agrosciences are the most active companies in the
Global Crop Protection Pesticides market along with American Vanguard,
Cheminova, Chemtura Corp, Monsanto, Natural Industries, Bayer CropScience,
Novozymes A/S. Nufarm Ltd, Sumitomo Chemical, Syngenta AG, Valent Biosciences,
FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen,
BioWorks.
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