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EMAILWIRE.COM, January 03, 2017 ) According to the report "Crop Protection Pesticides market by Crop-based Application (Grains & Cereals, Oilseeds and Fruits & Vegetables), by Non-Crop-Based Applications (Turf & Ornamental Grass), by type (Synthetic and Bio-pesticides) 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.
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.
Scope of the Report:
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive
PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
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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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