Pesticides Market: Home, Garden & Agricultural Pesticide 2016 Industry Forecasts for US and Global Markets

ReportsnReports.com adds new Pesticides market reports that say US demand for home and garden pesticide products will increase 3.5% annually through 2016 and global demand for formulated pesticide products will approach $57 billion in 2016.

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Dallas, Texas (PRWEB) October 30, 2012

In the US home & garden pesticides market, insecticides are the largest product type by value, while herbicides are expected to show the strongest growth due to recovery in lawn and garden applications. Growth will also be promoted by the use of value-added, ready-to-apply products, and by sustained interest in less hazardous products like biopesticides. Greater public awareness of pest-borne diseases, such as hantavirus and West Nile Virus, will also contribute to demand for home pest control products and repellents.

US Lawn and garden pesticide demand is expected to grow faster than demand for household pest control products, due primarily to a recovery in the housing market and improved economic prospects overall. Continuing the trends seen in the 2006-2011 period, which was characterized by “staycations” and do-it-yourself yard maintenance during the recession, demand for lawn and garden pest control products will be buoyed by interest in gardening (especially edible gardens) and other yard activities. Similar to household pest control, demand for lawn and garden pesticides will be strongly impacted by increased interest in less hazardous pesticides, such as natural pesticides and animal repellents. Some biopesticides, such as Bacillus thuringiensis, have already established a presence in the lawn and garden segment of the pesticide industry, but the natural and organic pesticide category as a whole remains less mature than conventional lawn and garden pesticides, offering plenty of room for expansion.

In addition to trends favoring safer pesticide products, the US home and garden pesticide industry is expected to continue to be affected by the shift toward value-added, ready-to-apply products available in a range of retail locations. Many of these products contain very little active ingredient, but can be sold at a premium price due to proprietary formulations that maximize a pesticide’s efficacy in a particular climate or application. Additionally, many of these products are sold in special packaging, such as a specially designed spray bottle that enhances the ease of use and contributes to the value of the pesticide. The availability of pest control products in locations such as drug stores, garden supply centers, convenience stores, mass merchandisers, and home improvement stores contributes to industry growth as pesticides are readily available to consumers.

Buy your copy of the report “Home & Garden Pesticides to 2016” @ http://www.reportsnreports.com/reports/201127-home-garden-pesticides-to-2016.html.

Within the global agricultural pesticides market, Herbicides are the largest product type by value, while fungicides are expected to show the strongest growth. Insecticide growth will be significantly constrained by the growing popularity of integrated pest management techniques and continued concern about adverse effects.

Rapid growth in the cultivation of herbicide-tolerant crop varieties over the past decade has helped drive strong growth in herbicide demand since 2001 and contributed to significant increases in agricultural productivity. However, these advances have not come without a cost, as some farmers have overused particular active ingredients, especially glyphosate. This has led to a growing problem with weed resistance in almost every region. This problem is forcing changes in how farmers use herbicides, and growers are increasingly turning to formulations with more than one mode of action, and/or are using increasing amounts of herbicide, to guarantee extensive protection from weeds. Both choices will contribute to rising herbicide value demand going forward, helping to drive advances.

Unlike herbicides, which are used on almost every crop, insecticides are generally used on an as-needed basis, as insect populations are largely influenced by weather conditions. Additionally, insecticide use is influenced by the cultivation of crops with insecticidal Bacillus thuringiensis (Bt) traits, which limit the need for additional insecticides. However, the prevalence of Bt crops in some regions has led to resistant insect populations, providing an opportunity for insecticide growth in certain markets. Insecticides are widely used in warmer regions, where the local climate provides a hospitable environment for insect populations to flourish. Insecticides are also associated with more concerns related to environmental safety and public health. For example, organophosphate demand continues to drop due to concerns over potential adverse effects. In addition, neonicotinoid insecticides, prominent replacements for organophosphates, may be implicated in honeybee colony collapse disorder. Demand for insecticides in the future will continue to be impacted by changing insect management practices, amid concerns about environmental and human health.

Buy your copy of the report “World Agricultural Pesticides to 2016” @ http://www.reportsnreports.com/reports/187202-world-agricultural-pesticides-to-2016.html.

Browse more reports on the Pesticides Market @ http://www.reportsnreports.com/tags/pesticide-market-research.html. Explore other reports by Freedonia Group @ http://www.reportsnreports.com/publisher/freedonia-group/.

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