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.
North America crop protection chemicals market revenue by
application, 2012-2022, (USD Billion)
|
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.
In depth research report on 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.
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
Browse more research reports of this category:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more
market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment