This industry comprises establishments primarily engaged in the formulation and preparation of agricultural and household pest control chemicals (except fertilizers). This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Product portfolio to change with the times
Over recent years, industry profitability has suffered in the face of increasing regulation, intense competition and rising environmental costs. These trends are expected to continue as we look ahead, with industry revenue forecast to moderate in line with a mature and highly competitive industry. Government pesticide restrictions and heightened insect resistance to pesticides is likely to see agricultural biotechnology play a major role in pest control.
