Market Data Forecast report predicts that Herbicides is the largest growing market segment while synthetic fungicides do not catch up to it

Market Data Forecast report predicts that Herbicides is the largest growing market segment while synthetic fungicides do not catch up to it

ID: 462 | August 2016 | Region: Global


The Global Crop Protection Pesticides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Crop Protection Pesticides Market is estimated to be $70.00 USD million and predicted to rise to $ 90.62 USD million with a CAGR of 5.30%. The market is segmented by Crop-Based Applications (Grains & Cereals, Oilseeds and Fruits & Vegetables), Non-Crop-Based Applications (Turf & Ornamental Grass), and Synthetic (Herbicides, Insecticides, Fungicides), and Bio-pesticides (Bio-herbicides, Bio-insecticides, Bio-fungicides). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The market is mainly driven by the growth in global food consumption, increase in awareness towards food quality and safety. Globally increasing population is also supporting growth of the world food consumption, ultimately increasing demand for Pesticides for better yield. Government regulations and consumer sentiments are playing a crucial role in driving the bio-pesticides market. Many countries came up with stringent laws related to decreasing the use pesticide for increasing environmental damage, which is expected to be crucial in slowing down demand for synthetic pesticides. Ban and restricted use of many pesticides led to increase in R&D costs. Genetically Modified (GM) Crops are being adopted on a large scale leading to reduced use of pesticides.

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 Bioherbicides, Bioinsecticides, Biofungicides Other Biopesticides respectively. Crop protection chemicals market is being dominated by herbicides, followed by synthetic fungicides

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.

Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-crop-protection-pesticides-market-452/” and checkout our recent reports in the Agrochemicals category at “http://www.marketdataforecast.com/research-reports/agriculture/agrochemicals-8/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.

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