African Crop Protection Chemicals Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4384995
  • Report
  • Region: Africa
  • 120 pages
  • Mordor Intelligence
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The African crop protection chemicals market has been estimated at USD 3.3 Billion in 2015 and is projected to reach USD 4.1 Billion by 2020, at a CAGR of 5.05% during the forecast period from 2015 to 2020. Crop protection chemicals also called pesticides constitute a class of agrochemicals that are used to kill plant-harming organisms like pests, weeds, rodents, nematodes etc., and preventing the destruction of crops by them. Any material or mixture that is capable of preventing, destroying, repelling or mitigating a pest can be called pesticide. Herbicides, insecticides, insect growth regulators, nematicides, termiticides, mollusicicdes, piscicides, avicides, rodenticides, predacides, bactericides, insect repellants, animal repellants, antimicrobials, fungicides, disinfectants, sanitizers and their bio counter parts all come under the classification of pesticides.

Pesticides are used in crops as well as non-crop plants like turfs and ornamentals. They can be broadly classified into four groups depending on their usage. Farmers use herbicides for killing unwanted plants called weeds, insecticides for killing insects, fungicides for treating diseases caused by fungus and other pesticides for treating diseases, which are not caused by fungi or insects. Herbicides accounted for more than 59% of total pesticides sales in 2015.

Pesticides market is driven by the need to increase crop yield and efficiency. New farming practices are adopted by farmers to increase crop yields. Bio pesticides adoption is also occurring all over the region, especially in developing countries. Pesticides help in optimal usage of resources for plant growth and protect the crop from various pathogens. Some pesticides repel animals coming towards them with the help of pheromones. New farming practices require new crop protection products. The research and development costs are escalating. For previously mentioned reasons, investment for companies is high on new products and they are wary of returns because of low sales. Generic pesticides are largely used in this region owing to cheaper costs. Per capita usage of pesticides is low African countries because of costs. This poses a threat to companies, as their market reach might not follow desired growth patterns. Awareness levels are also lower than the rest of the world and acts as a hindrance for the growth of the market.

The market is classified based on the application into herbicides, fungicides, insecticides and other pesticides. They are further segmented depending on their chemical origin: bio pesticides and synthetic pesticides. Diverse pesticides range are used in agriculture and farming. Pesticides are also segmented by their usage in crops like cereals, fruits etc. Non-crop utilization of pesticides in turfs, ornamentals and others is also studied. Market study indicated that Cereals and grains consumed the highest market in the use of pesticides. This can be attributed to the food safety and wide variety of uses of cereals and grains.

The market is also segmented geographically into South Africa and others. South Africa has the largest consumer base in the African region. The rising disposable income levels, rising population and food security have made South Africa, the country with maximum potential for growth. The low affordability and explicit cost cutting measures of farmers in developing and under developed countries hinder the real potential of the market.

Increasing population pose a serious threat to food security. Recently, grains are also used to produce bio fuel and this poses a risk to food security especially in developing and under developed regions where price drastically influences consumption. Pesticides help to increase farm yields and still have a large scope to improve the overall agricultural production of this region. The major companies in crop protection chemicals are Syngenta, Bayer, BASF, DuPont, Dow agrosciences, Monsanto etc. All major companies are investing profoundly in new product development to keep up with competition, but have not concentrated on requirements of African market. Small companies who manufacture generic pesticides at low costs have high market share. Pesticides were prominent for increased agricultural yields and will remain so in the coming years.
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1. INTRODUCTION
1.1 Market Definition
1.2 Research Methodology
1.3 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.1 Introduction
3.2 Product Overview
3.2.1 Categorization of Synthetic Pesticides Based on Product Segment
3.2.2 Categorization of Biopesticides based on Product Segment
3.3 Patented and Generic Pesticides
3.4 Regulatory Environment
3.5 Trade Regulations and Policies
4. MARKET FORCES
4.1 Introduction
4.2 Drivers
4.2.1 Adoption of GM Technology
4.2.2 Growing food demand and shrinking land
4.2.3 Adoption of New farming Practices
4.3 Restrains
4.3.1 Research and Development Costs Burgeoning
4.3.2 Low per capita use of pesticides in several regions
4.3.3 Shrinking Farm lands
4.3.4 Growing Demand for Food Safety and Quality
4.4 Opportunities
4.4.1 Developing Regions Witnessing Faster Demand
4.4.2 Sustainable and Integrated Pest Management techniques
5. MARKET SEGMENTATION
5.1 MARKET SEGMENTATION BY CHEMICAL TYPE
5.1.1 Herbicides
5.1.1.1 Synthetic Herbicides
5.1.1.2 Bioherbicides
5.1.2 Insecticides
5.1.2.1 Synthetic Insecticides
5.1.2.2 Bioinsecticides
5.1.3 Fungicides
5.1.3.1 Synthetic Fungicides
5.1.3.2 Biofungicides
5.1.4 Other Crop Protection Chemicals
5.1.4.1 Synthetic Other Crop Protection Chemicals
5.1.4.2 Bio-Other Crop Protection Chemicals
5.2 MARKET SEGMENTATION BY APPLICATION TYPE
5.2.1 Crop Based Pesticides
5.2.1.1 Grains and Cereals Pesticides
5.2.1.2 Oilseed Based Pesticides
5.2.1.3 Fruits and Vegetables Based Pesticides
5.2.2 Non-Crop Based Pesticides
5.2.2.1 Turf and Ornamentals Based Pesticides
5.2.2.2 Other Non-Crop Based Pesticides
5.3 MARKET SEGMENTATION BY GEOGRAPHY
5.3.1 AFRICA
5.3.1.1 South Africa
5.3.1.2 Others
6. COMPETITIVE LANDSCAPE
6.1 Introduction
6.2 Major Strategies Adapted by Global Players
6.3 Most active five companies by Market strategies
6.4 Top five companies by Financials
7. KEY COMPANY PROFILES
7.1 ADAMA AGRICULTURAL SOLUTIONS LTD (FORMERLY MAKHTESHIM AGAN INDUSTRIES LTD) (ISRAEL)
7.2 AMERICAN VANGUARD CORPORATION (UNITED STATES)
7.3 BASF SE (GERMANY)
7.4 BAYER CROPSCIENCE AG (GERMANY)
7.5 BIOWORKS INC (UNITED STATES)
7.6 DOW AGROSCIENCES LLC (UNITED STATES)
7.7 DUPONT (UNITED STATES)
7.8 FMC CORPORATION (UNITED STATES)
7.9 ISAGRO SPA (ITALY)
7.10 ISHIHARA SANGYO KAISHA LTD (JAPAN)
7.11 MARRONE BIO INNOVATIONS INC (UNITED STATES)
7.12 MONSANTO COMPANY (UNITED STATES)
7.13 NATURAL INDUSTRIES (UNITED STATES)
7.14 NIPPON SODA CO., LTD
7.15 NUFARM LTD (AUSTRALIA)
7.16 PLATFORM SPECIALTY PRODUCTS
7.17 SYNGENTA INTERNATIONAL AG (SWITZERLAND)
7.18 SUMITOMO CHEMICAL (JAPAN)
7.19 UPL LIMITED
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