According to the report ” Crop Protection Pesticides market by Crop-based Application, by Non-Crop-Based Applications, by type and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) “, published by Market Data Forecast, the global market is projected to reach USD 90.62 Billion by 2021, at a CAGR of 5.30% from 2016 to 2021.
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Global Crop Protection Pesticides Market covers various types of products being used in the farms to safeguard the crops, by controlling the population of organisms considered harmful or those that can potentially damage or adversely affect the growth of crops. Pesticides are very important as they improve the quality and yield of agricultural produce. They are designed to protect crops from insects, diseases and weeds. Due to the environmental concerns regarding the use of synthetic pesticides, there is a great increase in the demand for eco-friendly bio-pesticides.
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The advent of new agricultural technologies and increasing population growth rate with the rise in calorie intake per capita is fuelling the market for food grains which is subsequently increasing the market growth for crop protection pesticides market. The increased regulations on the usage of persistent organic pollutants is also increasing the use of bio-pesticides, thus fuelling the market growth. There is a great scope in the emerging and untapped markets like MEA and Latin America where there is large availability of fertile land and suitable climatic conditions for agriculture, where the demand for pesticides is said to be very high.
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Global market for Pesticides is segmented based on Application and Type into further sub-segments as follows:
• Crop-Based Applications
- Grains & Cereals
- Fruits & Vegetables
• Non-Crop-Based Applications
- Turf & Ornamental Grass
• Synthetic pesticides:
- Other Synthetic Pesticides
- Other Bio-pesticides
3)Geographically, the market for Crop Protection Pesticides is segmented as below:
• North America
• Latin America
• Middle-East and Africa
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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. Nufarm Ltd, Sumitomo Chemical, Syngenta AG, Valent Biosciences, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen and BioWorks.
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