MicroMarketMonitor: Health Awareness & Nutritious Food Demand Boosts the Pesticide Market

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Pesticides Market was valued at $51.4b in 2013 to grow at a CAGR of 5.3% annually. Pesticides is segmented into herbicide, Insecticide, fungicide and others comprising 39.9%, 29.5%, 20.3% & 10.2%. http://www.micromarketmonitor.com/market-report/pesticides-reports-3069522751.html.

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It also includes the company profiling, market share analysis, and analysis of competitive strategies adopted by various market players to increase their market presence including Ashland, BASF, Celanese, Eastman Chemical Company, Exxonmobil, Honeywell.

North America has traditionally been a high consumer of pesticides. The prime factor that drives the pesticide market in this region is a steady rise in the demand of agricultural commodities to meet the needs of the rising population. The rise in the market of agrochemicals has eventually led to an increase in the demand for pesticide products. This increase in demand can be met by increasing the productivity and efficiency of land. Producers are using more and more resources in the form of pesticides; fungicides to improve the productivity and reduce crop wastage.

Agricultural adjuvant is a complementary segment that works with fertilizers, micro nutrients, and plant growth regulators. The rising market for agrochemicals will eventually increase demand for crop protection products. Link: http://www.micromarketmonitor.com/market/north-america-pesticides-6932551993.html

Europe is one of the largest consumers of pesticides, owing to the large cultivated land area in the region. However, because of a stringent regulatory framework adopted by REACH (Registration, Evaluation, Authorization & Restriction of Chemicals), the region has seen a steady decline in the use of conventional or synthetic pesticides. The prime factor that drives the pesticide market in this region is the adoption of precision farming and protected agriculture. The concept of contract farming has also gained popularity in recent years. Because of contract farming more resources are available at the disposal of farmers. As there are no constraints on resources, there is an increase in the demand of pesticides. http://www.micromarketmonitor.com/market/europe-pesticides-5035295624.html

Latin America is an emerging agricultural powerhouse, growing at a pace above the average global growth rate. The growth in Brazil and Argentina, which are the world’s most potent agricultural producers, significantly contributes to the growth in this region,which is expected to grow well above the regional average. The availability of arable land and the expansion of farmland especially in Brazil, Argentina & Chile, are promising the future growth of this market. Moreover the need to improve the per hectare crop yield is another opportunity for the growth of the pesticides market in Latin America. The regulatory framework in Latin America is quite weak as compared to North America and Europe. The Latin American Pesticide Action Network controls regulatory issues in the region. Link: http://www.micromarketmonitor.com/market/latin-america-pesticides-4348109195.html

Being the world’s largest as well as most populous continent, Asia-Pacific is one the key markets for pesticides. Asia-Pacific accounts for almost 30% of the land available on Earth and 60% of the human population. In order to meet the food requirements of this huge population, the use of pesticides has increased significantly in the region. The use of pesticides is becoming a common practice in countries such as India, China, and other less developed countries in the region, leading to growth in areas where there had previously been very less or no pesticide usage. An increase in cropping intensity implies that more than one crop cycle is permitted each year on same area. The rise in cropping intensity has led to the increase in the demand of external supplements required for crop protection. http://www.micromarketmonitor.com/market/asia-pacific-pesticides-3441258643.html

Grains are one of the key segments for the pesticides market, accounting for a major portion of the global market. This is mainly due to the high production of grains such as wheat and rice as well as the growing demand for corn and other cereals such as barley and oats. Corn is experiencing strong demand owing to its increasing use in animal feed. Corn is also being extensively used for bio-fuel and biodegradable polymer production by companies such as Nature Works LLC (U.S.). Rice is particularly grown in Asia and Latin America, which are net exporters to other regions. http://www.micromarketmonitor.com/offerings/market_search

Oil seeds are basically plant or vegetable seeds that are primarily used to extract vegetable fats and oils which are also known as lipids. Although oil seeds such as soybean and rape seeds have been traditionally popular sources of cooking oil in recent years their demand has been driven due to their increased used in animal feed (in the form of cakes) and in the production of biodiesel & other renewable chemicals. Rapeseed and sunflower seeds are expected to be the fastest-growing segments for pesticides. Canola, which is derived from rapeseed, is low in saturated fat (less than 7%) and is a popular cooking oil, also suitable for the production of biodiesel. Other important oil seeds include sunflower seed, cotton seed & peanut. http://www.micromarketmonitor.com/applications/pesticides-in-oilseeds-1298513070.html

The Asia-pacific region is the largest consumer of pesticides used in fruits and vegetables. http://www.micromarketmonitor.com/applications/pesticides-in-fruits-vegetables-9598705753.html

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Mr. Chandrasekhar K.

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