The Adulticides 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 Adulticides Market is estimated to be USD XX.XX billion in 2016 and predicted to rise to USD XX.XX billion by 2021 with a CAGR of X.XX%. The market is segmented by Type (Synthetic, Natural and Biological) and by End Users (Government, Residential and Commercial). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The major driver of the Adulticides market is the increased demand for agricultural products. The increased demand for food production due to rising populations means maximum efficiency needs to be maintained in farms. Loss of crops to pests is not acceptable and on the off chance that normal pesticides fail, adulticides need to maintain crop productivity. Other drivers include research and development done in the field and rising consumer awareness. As for the restraints of the market, as with any agrochemical, costs associated with its usage and ecological concerns are the main ones.
The leading category in the Adulticides market is the Commercial segment. Farmers are the biggest consumers of adulticides, with very few households using nontraditional pesticides. It is also expected to show the highest growth rate in the coming years in addition to having the biggest market share.
The Adulticides Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.
High investment from top players and increasing R&D spending are likely to provide ample opportunities to the industry players across regions. Key market players include Bayer Environmental Science, Valent BioSciences, Clarke Central Life Sciences, BASF, Summit Chemical, Univa, UPL, Kadant GranTek, Babolna-Bio, MGK, Westham and AllPro Vector.
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