MRO Magazine

Research and Markets: Global Crop Protection Chemicals Market 2015-2019


October 9, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/r594j3/global_crop) has announced the addition of the “Global Crop Protection Chemicals Market 2015-2019” report to their offering.

The global crop protection chemicals market to grow at a CAGR of 4.71% over the period 2014-2019.

Global Crop Protection Chemicals Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

The world population is growing at an alarming rate. It is estimated that by 2050, the global population will grow more than nine billion, thus reducing the arable land. With the rising population, the food demand will also increase. The demand for animal feed and biofuel will also surge the demand for agricultural production. Also, soil erosion and land pollution are reducing the size of arable land per person. This puts pressure on farmers to increase the yield of the land with the limited size of the agricultural land. This is in turn increasing the demand for agrochemicals, which help in enhancing the yield and quality of crops. Pesticides help in controlling the pests that feed on crops and soil nutrients.

Rising awareness about pesticide residues in food has led to an increase in the adoption of organic food. Many initiatives have been taken worldwide to reduce the carbon content emitted by synthetic pesticides. Organic farming has grown into a multi-billion dollar industry in recent years, creating opportunities in the global agricultural industry and providing a base for more sustainable farming.

According to the report, the growing population worldwide is leading to high demand for food. Disposable incomes in developing countries such as China and India are also rising, resulting in an increase in per capita consumption of agricultural products. The consumers in these countries are expanding their diets with dietary changes manifested in the form of increased demand for grain-intensive animal protein and dairy products. Various governments are implementing new policies to meet food security concerns, thereby increasing food productivity. This, in turn, will propel the demand for crop protection chemicals.

Further, the report states that regulatory bans on pesticides pose a major challenge, restricting the growth of the global crop protection market.

To calculate the market size, the report considers the revenue generated from the sales of the following products:

  • Insecticides
  • Fungicides
  • Herbicides
  • Biopesticides

Key vendors

  • BASF
  • Bayer CropScience
  • Dow AgroSciences
  • Monsanto
  • Syngenta

Other prominent vendors

  • ADAMA Agricultural Solutions
  • Agrium
  • Arysta LifeScience
  • DuPont
  • FMC
  • Novozymes
  • Nufarm
  • Sumitomo Chemical
  • Valent BioSciences

For more information visit http://www.researchandmarkets.com/research/r594j3/global_crop

Research and Markets
Laura Wood, Senior Manager
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Sector: Chemicals