The global crop
protection market was worth USD 48.0 billion in the year 2011 and is
expected to reach USD 71.3 billion by 2018, growing at a CAGR of 5.4%
from 2011 to 2018. Herbicides formed the largest category in the
overall crop protection market, contributing about USD 19.9 billion
for the year 2011.
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report at Crop Protection Chemicals Market - Global Scenario,
Trends, Industry Analysis, Size, Share And Forecast, 2011 - 2018
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Herbicides,
fungicides and insecticides are the foremost product segments in the
global crop protection market. The herbicides market will experience
both the highest growth rate as well as highest volume traded in the
next six years. The expected growth rate of herbicides for the given
period is computed to be 6.1%, which is followed by fungicides with
5.6% of growth rate over the year 2011 to 2018.
The major
influencing factors in the crop protection market are shrinking
arable land, the paradigm shift in farming practices, increased
purchasing power and the resultant improvement in the standard of
living. Pesticides protect the plants from various weeds, nematodes
and fungus, thus raising the yield production. Increased awareness
for crop protection in developed nations like the U.S, better and
effective utilization of pesticides along with adoption of high end
technologies are key growth drivers for the market.
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Asia Pacific
accounted for majority of the global crop protection market in 2011
and is expected to do so till 2018; however Latin America and North
America markets are expected to grow at a higher rate. Key market
players profiled in the report include Bayer, Syngenta, BASF, Dow
Agroscience, Monsanto, Dupont, Makhteshim Agam, NuFarm, Sumotomo
Chemicals and Arystya Lifescience.
This research is
specially designed to estimate and analyze the demand and performance
of pesticide products across the globe. The research provides
in-depth analysis of crop protection product manufacturers, product
sales, trend analysis by segments and demand by geography. The report
covers all the major product segments of the global crop protection
market and provides in-depth analysis, historical data and
statistically refined forecast for the segments covered.
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