Owing to the enormous benefits such as
crop protection, preservation of food materials, and prevention of vector-borne
diseases, the demand in the pesticides market is catapulting. According to IndustryARC, the global
pesticide market valued at $55.8 billion as of 2018 and the demand will grow at a compound annual growth rate (CAGR) of 3.67% during the forecast
period of 2019 to 2025.
The IndustryARC’s business intelligence
report titled “Pesticides Market: By Type (Bio-Pesticides, Synthetic
Pesticides); By Crop Type (Vegetables & Fruits, Oilseeds & Pulses,
Cereals & Grains, Commercial Crops, Plantation Crops and Others) & By
region - Forecast(2019 - 2025).” The report also documents that increasing
nutritional qualities and rising attention towards the eradication of the crops
is aiding the pesticides market growth. Additionally, the stringent government
environment rules and regulation has had an immense impact on the growth of the
pesticides market.
Global
Pesticides Market: Leading Segments
APAC is leading the global pesticide
market with the largest global demand share of 32% as of 2018. The pesticide market
is expected to continue luring players even after a steady grow, particularly
in China. The world's most populous country now has the fourth largest market for pesticide production which has
improved the availability of it in the indigenous market also. Additionally, India
has a huge market for pesticides due to the greater demand for food grain and
increasing horticulture and floriculture.
On the other hand, the pesticides are used extensively for soil application. This key application segment is increasing at a CAGR of
3.1% during the aforesaid forecast period. It has a huge scope with the
accumulation of a pesticide on the soil particle surface.
Global
Pesticides Market: Market Trends and Growth Drivers
· Nano-pesticides
are the latest innovative trend in the market. The recent developments in the nanotechnology
have surfaced new innovations that has developed the soil and has made it more efficient
due to which it can overcome the obstacles. Nanotechnology also lowers the
indiscriminate use of conventional pesticide for a healthy environment. This
has influenced the pesticides market demand.
· The
restraining use of pesticides of cereals, vegetables, and fruits may lead to
the loss in the yield. However, using pesticides reduces the loss from the
total production. It is popular in the agriculture industry due to its
effective application on pests and insects.
· The
bio-pesticides has influenced the pesticide market. There are several companies
that are manufacturing bio-pesticide and have secured a significant level of attraction that simultaneously contributes to the pesticide market revenue.
· Application of botanical pesticide has become very common for insect and pest
management as it is cost-efficient and eco-friendly. The usage of botanical
pesticide has envisaged the small scale farmers for triggering value addition
and local commercialization of natural resources.
· Lucento fungicide was launched in 2019, it is a new fungicide which provides a long-lasting preventive and curative
activity for a wide range of foliar diseases and reduces dependence on
strobilurin. The U.S. Environmental Protection
Agency has granted registration for Lucento fungicide in corn, soybeans,
peanuts, sugar beets, and wheat to control various diseases.
· Additionally, PreFence, a new organic biological fungicide, was
launched in 2018 for wilt and root diseases. It can also be used to suppress
grey mold caused by Botrytis
Global
Pesticides Market: Competitive Landscape
Some of the
key companies identified in the report that are currently holding majority
shares in the global pesticides market are BASF SE, Nufarm Ltd, FMC Corp, BioWorks, DuPont,
Monsanto, Natural Industries, Dow AgroSciences, Syngenta AG, and Sumitomo
Chemical.
Talk to one of our sales representative
about the full report by providing your details in the link below:
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Related Reports:
Botanical
Pesticides Market
https://www.industryarc.com/Report/15465/botanical-pesticides-market.html
Organic Pesticide Market
https://www.industryarc.com/Research/Organic-Pesticides-Market-Research-501539
Pesticide Intermediate Market
https://www.industryarc.com/Research/Pesticide-Intermediate-Market-Research-504662
What can you expect from the
report?
The pesticides market report is prepared with the main agenda to cover the following 20
points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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extracting data from our database of reports and annual subscription databases.
We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
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analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
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