Global crop protection chemicals market size was 2,300.0 kilo tons in
2014 and is expected to grow owing to rapid population growth need for high
yield crops and reduced arable or cultivable land. These chemicals deal with
managing weeds, plant diseases and pests which damage forestry, agricultural
crops, field crops, vegetable crops, fruit and horticulture crops.
Rising awareness regarding
ill-effects of contaminated food on health has led to an increasing demand for
crop protection chemicals. Increase in harmful species including weeds,
nematodes and crop insects disrupting the growth of the crops is expected to
augment the market demand significantly. The market is anticipated to reach USD
90.09 billion by 2022.
Herbicides market was valued at
USD 18.11 billion in 2014. They are extensively used owing to their property of
selective destruction of unwanted weeds leaving desired crops unharmed. In
addition, increasing availability of organic herbicides as well as products
exhibiting properties similar to natural plant hormones is expected to bolster
growth.
Demand for insecticides was 805.4
kilo tons in 2014. Asia Pacific demand for insecticides was driven by rising
usage of chemicals in emerging economies including India and China. Climatic
conditions resulting in the presence of pests which adversely hamper crop yield
has resulted in driving demand for the product in the region over the past few
years and the trend is anticipated to continue over the forecast period.
Browse full research report on Global
Crop Protection Chemicals Market: http://www.grandviewresearch.com/industry-analysis/crop-protection-chemicals-market
Fungicides accounted for about
22.7% of the industry volume in 2014. Favorable climatic conditions across
major crop producing regions is one reason to propel the demand of the
chemicals. Fungicides are available in forms of eradicants and protectants.
Cereals accounted for 19.0 % of
the crop protection chemicals industry volume in 2014, due to its increasing
demand in Latin America and Asia Pacific, where traditional food grains and
pulses are consumed in a larger amount. This trend is expected to continue
owing to the rising demand for healthy foods and an exponentially increasing
consumer base.
Cotton was the largest
application valued at USD 12.65 billion in 2014, owing to the rising demand of
agrochemicals used in cotton production. Growing demand for cotton to
manufacture apparel, technical textiles and home furnishings is expected to
drive industry growth.
Fruits &vegetables accounted
for over 17.0% of the total revenue in 2014. Rising popularity of biopesticides
which allow for direct consumption of crops will propel demand over the
forecast period.
North America dominated the
global industry owing to high adoption of modern farming practices. The market
is expected to grow at a CAGR of 7.3%, in terms of volume, from 2015 to 2022,
due to increasing consumer awareness about side-effects of using synthetic
pesticides.
Asia Pacific crop protection
chemical market was valued at USD 14.03 billion in 2014. Growing population
coupled with rising demand for crops in emerging economies of the region is
expected to drive growth over the forecast period. Moreover, several economies
in the region rely heavily on the agricultural sector, which is expected to
further augment demand.
Crop protection chemical demand
in Europe was 696.4 kilo tons in 2014. Growing demand for biopesticides on
account of rising consumer awareness regarding the adverse effects of chemicals
on the ecology is expected to drive growth.
Key players in the market include
Monsanto, American Vanguard, Bayer CropScience, Arysta LifeScience, BioWorks,
Chemtura Corp, BASF SE, Cheminova, Dow AgroSciences, DuPont, Ishihara Sangyo
Kaisha, FMC Corp, Isagro SpA, Makhteshim Agan, Marrone Bio Innovations, Nufarm
Ltd, Sumitomo Chemical, Novozymes A/S, Monsanto, Natural Industries Syngenta
AG, and Valent Biosciences.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the global crop protection
chemicals market on the basis of product, application and region:
Crop Protection Chemicals Product Outlook (Volume, Kilo
Tons; Revenue, USD Billion, 2012 - 2022)
- Herbicides
- Fungicides
- Insecticides
- Others
Crop Protection Chemicals Application Outlook (Volume,
Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- Fruits & vegetables
- Cereals
- Maize
- Cotton
- Rice
- Others
Crop Protection Chemicals Regional Outlook (Volume, Kilo
Tons; Revenue, USD Billion, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- ROW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment