Fungicides Accounted for 40% of the Total Pesticide Market in 2010
(firmenpresse) - ROCKVILLE, MD -- (Marketwire) -- 10/13/11 -- MarketResearch.com has announced the addition of the new report "Crop Protection Chemicals Market by Type (Herbicides, Fungicides, Insecticides, Bio-pesticides and Adjuvants), Geography, Price Trends and Global Forecasts (2011-2016)," to their collection of Agricultural Chemicals market reports. For more information, visit
The global crop protection market consists of crop protection chemicals or agrochemicals, seeds, and genetically modified (GM) crops. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Crop protection chemicals are further classified as pesticides (herbicides, insecticides, and fungicides), bio-pesticides, micronutrients, and adjuvants. As the latter three segments hold very minor market share, in general practice, pesticides are referred to as crop protection chemicals.
Pesticides are basically segmented further as synthetic pesticides and bio-based pesticides. Bio-based pesticides, as the name suggests, are made up of renewable resources and contain no synthetic active ingredients. These pesticides have a much more positive impact on the environment than their synthetic counterparts and are expected to be amongst the fastest growing pesticide segments in the near future.
Synthetic pesticides, which are typically manufactured from petrochemical or inorganic raw materials, are further segmented as insecticides, herbicides, and fungicides. Globally, the market is dominated by fungicides, accounting for over 40% of the total demand for pesticides in 2010. The global market for herbicides is expected to grow at a CAGR 4.6% from 2011 to 2016 to reach 1,351.3 kilo tons by 2016. In terms of revenue, it is expected to reach $24,821.1 million by 2016, growing at a CAGR of 5.9%. However, there are exceptions in regions such as India where insecticides are the most popular pesticides, accounting for over 40% of the total Indian market. The global market for insecticides is projected to reach 534.7 kilo tons by 2016, growing at a CAGR of 4.1%.
Shrinking of arable land in recent years, growing population, and increasing need to improve crop yields are expected to drive the demand for crop protection chemicals in the near future. However, the constant push from regulatory authorities such as EPA (Environment Protection Agency) to restrict the use of pesticides in order to reduce the impact on the environment and growing consumer awareness regarding pesticide consumption due to residues is expected to hamper the demand for crop protection chemicals in the next five years.
One of the critical success factors (CSFs) in the market is the ability of a market player to preserve intellectual property through patents of its active ingredients and the ability to develop, register, and commercialize active ingredients coming off patents. This battle of generic against patented products is expected to be a key issue in the crop protection industry in the subsequent five years.
This report estimates the market size of the global crop protection chemicals market both in terms of active ingredient volume and revenue. The market has been further segmented on the basis of crop types such as cereals, grains, oilseeds, and vegetables as well as by sub-segmentation of insecticides, fungicides, and herbicides such as glyphosate, atrazine, and 2,4-D. This segmentation is given for major regions and key countries in those regions. Market drivers, restraints and challenges, raw material, and product price trends are discussed in detail. Market share by participants for the overall market is discussed in detail in the report. We have also profiled leading players of this industry including Bayer CropScience (Germany), BASF (Germany), Monsanto (U.S.), and Dow Agrosciences (U.S.).
For more information, visit
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Datum: 13.10.2011 - 07:08 Uhr
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