Adoption of Bio-pesticides
Bio-pesticides are less harmful as compared to regular synthetic pesticides. As a result, they typically affect only the target pest and other organisms that are closely related to it, as against broad-spectrum conventional pesticides, which can be harmful to other organisms. Although the bio-pesticide segment generated a small fraction of the revenue generated by the chemical industry, the segment is likely to witness a CAGR of 3.4% during the forecast period.
Growing Food Demand and Shrinking Land
The global population is increasing exponentially and every day, nearly 200,000 people are contributing to the global food demand. According to the US Population Division, the global population has increased nearly fourfold in the past 100 years and is projected to reach 9.2 billion by 2050. Supplying food to this growing population has become a global challenge. Per capita farmland in 2030 is expected to decrease to 1800 m² from 2,200 m² in 2005. Various crop pests contribute to the decrease, causing 10-16% global crop losses annually. Thus, crop protection is the key strategy adopted by farmers to meet global food demand. Pesticides are a proven technology used to increase global food production.
Asia Pacific Expected to Dominate the Market
Asia-Pacific is expected to grow at a fast rate, exhibiting a CAGR of 3.6%. The market in China was valued at USD 4.69 billion in 2016. In 2016, insecticides accounted for 37% of the pesticide market in China, and are expected to witness a CAGR of 3.38% during the forecast period. Fungicides accounted for 33% of the pesticide market in 2016.
Key Developments in the Market
- November 2017: ADAMA entered into an R&D agreement with Ceradis BV to develop new, innovative, and sustainable crop protection products based on ADAMA’s active ingredients and Ceradis technology.
- October 2017: BASF signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses.
- September 2017: Expansion in Latin America by acquiring Grupo Agricenter. American Vanguard has recently announced that its wholly-owned subsidiary, AMVAC Netherlands BV, will acquire Grupo Agricenter to reinforce its commercial, technical, and development structure in the Latin American region
- June 2017: Bayer and Sumitomo Chemical signed a partnership agreement to develop a new type of fungicide. This unique formulation is expected to capture the market segment for crops where fungicides options are limited.
Reasons to Purchase the Report
- To understand the growth trends of the crop protection market in key producing countries. Growth forecast is provided for 2018-2023. This information is crucial in identifying prospective markets with growth potential.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- To understand the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 month analyst support, along with the Market Estimate sheet (in Excel).
This report can be customized to meet your requirements. We can provide region-wise detailed distribution channel analysis. Please connect with our Customer Service team, who will ensure you get a report that suits your needs.
1.1 Market Definition
1.2 Key Findings of the Study
2. RESEARCH SCOPE AND METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. MARKET OVERVIEW
3.1 Patented and Generic Pesticides
3.2 Regulatory Environment
4. MARKET DYNAMICS
4.1.1 Adoption of Biopesticides
4.1.2 Organizations Promoting Integrated Pest Management Techniques
4.1.3 Adoption of Genetically Modified (GM) Crops
4.1.4 Increasing Food Demand and Diminishing Arable Land
4.2.1 Major Regions Facing Pesticide Ban
4.2.2 Low Per Capita Use of Pesticides in Several Regions
4.2.3 Increasing R&D Costs
4.2.4 Increasing Demand for Food Safety and Quality
5. INDUSTRY ANALYSIS
5.1 Porter's Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitute Products and Services
5.1.5 Degree of Competition
6. MARKET SEGMENTATION
6.1 By Mode of Action
6.2 By Origin
6.3 By Application
220.127.116.11 Grain & Cereal
18.104.22.168 Fruit & Vegetable
22.214.171.124 Turf & Ornamental Grass
6.4 By Geography
6.4.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.4.4 South America
126.96.36.199 Rest of South America
188.8.131.52 South Africa
184.108.40.206 Rest of Africa
7. COMPETITIVE LANDSCAPE
7.1 Strategies Adopted by Leading Players
7.2 Most Active Companies in the Past Five Years
7.3 Market Share Analysis
8. COMPANY PROFILES
8.1 BASF SE
8.2 Bayer CropScience AG
8.4 Arysta Life sciences
8.7 DowDupont Inc.
8.8 FMC Corp.
8.9 Nufarm Ltd
8.10 Sumitomo Chemicals
8.12 ISAGRO Spa
8.13 Bioworks Inc.
8.14 Ishihara Sangyo Kaisha Ltd.
8.15 Marrone Bio Innovations Inc.
8.16 Nippon Soda
8.17 UPL Ltd
9. FUTURE OUTLOOK OF THE MARKET