Shrinking farmlands a threat in the form of less usage of pesticides.

Market Overview:

The market is estimated to reach USD XX Million by 2020 from USD 2222.69 million in 2015, registering a CAGR of 4.03% throughout the forecasted period from 2015 to 2020. Germany is a matured marketplace for pesticides. Wheat, Sugar beets, vineyards, fruits, and vegetables are the main crops of Germany and are major users of pesticides. It is a comparatively big market for pesticides with a share of a cardinal of total pesticide sales in Europe in 2014. Pesticides are employed in crops as well as non-crop plants like turfs and ornamentals. They can be widely classified into four groups based on their usage. Farmers use herbicides for killing unwanted plants are referred to as weeds, insecticides for killing insects, fungicides for dealing with diseases caused by fungus and other pesticides for operating conditions, which are not caused by fungi or insects. Fungicides accounted for more than 32% of the total pesticides sales in 2015.

Market Drivers and Restraints:

Pesticides market is driven by the necessity to extend crop yield and potency. The region’s population is growing. However, the farmlands are decreasing pushing farmers to reach their returns. New farming methods are adopted by farmers to increase crop yields. Bio pesticides adoption is additionally occurring everywhere in the region, particularly in developed and few developing countries. Demand for organic and entirely natural foods is increasing at a stellar rate, and inevitably bio pesticides consumption has to be raised. Pesticides facilitate in best usage of resources for plant growth and defend the crop from several pathogens. Some pesticides drive away animals that come towards the crop fields. New farming practices need latest crop protection products. Research and development prices are increasing. Several pesticides are illegal in this region. The costs to register a new pesticide for sale are high in these countries. For previously mentioned logic, investment for firms is high on new products, and they are cautious of returns. Per capita usage of pesticides is relatively small in some advanced countries due to their choice for using extremely low pesticide residues and organic foods. This poses a threat to firms, as their market reach may not follow desired growth patterns. Shrinking farmlands are also a threat in the form of less usage of pesticide.

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Report segmented as:

By Application:

  • Crop-based Application
  • Grains & Cereals
  • Oilseeds
  • Fruits & Vegetables
  • Non-Crop-Based Application
  • Turf
  • Ornamental Grass

By Type:

  • Synthetic
  • Bio-Pesticides

Geographical Analysis:

The market is segregated geographically into Spain, France, U.K., Germany, Russia, Italy, and others. France has the most significant consumer base in the world. Italy and Germany followed the list. The escalating disposable income levels, growing population, and food security have made Russia, the country with maximum potential for growth.

Important Market Players:

Significant companies of this market include American Vanguard, Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, Cheminova, Chemtura Corp, Chr Hansen, Dow AgroSciences, DuPont, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Marrone Bio Innovations, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG and Valent Biosciences. The major strategies used by companies in this market are new product registrations, acquisitions to enter the latest markets.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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