Global crop protection chemicals market size was 2,300.0 kilo tons in 2014 and is expected to grow owing to rapid population growth need for high yield crops and reduced arable or cultivable land. These chemicals deal with managing weeds, plant diseases and pests which damage forestry, agricultural crops, field crops, vegetable crops, fruit and horticulture crops.
Rising awareness regarding ill-effects of contaminated food on health has led to an increasing demand for crop protection chemicals. Increase in harmful species including weeds, nematodes and crop insects disrupting the growth of the crops is expected to augment the market demand significantly. The market is anticipated to reach USD 90.09 billion by 2022.
Herbicides market was valued at USD 18.11 billion in 2014. They are extensively used owing to their property of selective destruction of unwanted weeds leaving desired crops unharmed. In addition, increasing availability of organic herbicides as well as products exhibiting properties similar to natural plant hormones is expected to bolster growth.
Demand for insecticides was 805.4 kilo tons in 2014. Asia Pacific demand for insecticides was driven by rising usage of chemicals in emerging economies including India and China. Climatic conditions resulting in the presence of pests which adversely hamper crop yield has resulted in driving demand for the product in the region over the past few years and the trend is anticipated to continue over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/crop-protection-chemicals-market
Further key findings from the report
suggest:
- Equipment dominated the overall product segment in 2014, with the revenue share of over 80%. Key factors attributing to its large share include rising demand of bio-banks coupled with high cost for preservation of bio-specimens.
- Media, which encompasses pre-formulated and home-brew media is expected to witness high growth over the forecast period as a consequence of their wide usage in regenerative medicines.
- Bio-banking dominated was the key application segment of bio-preservation in 2014, with lucrative market share owing to increasing number of organ and tissue transplantations, high patient awareness levels and rise in healthcare expenditure.
- Regenerative medicine is estimated to grow at a rate of over 18% as a result of huge investments made by government, and non government organizations in the field of regenerative cell therapy research.
- Tumor cells held the largest share in volume terms in 2014, owing to their wide applications in research & development, diagnosis, and treatment of highly prevalent cancer.
- North America dominated the overall industry in 2014 with over 45% revenue share majorly due to favorable government regulations in North America which are supporting the ethical usage and sharing of biological samples.
- Asia Pacific is expected to grow at substantial rate during the forecast period as a consequence of high unmet needs amongst the population in the region coupled with constantly improving healthcare infrastructure as a result of government initiatives such as Make In India.
- Key players of the bio-preservation market include BioCision, Biomatrica, BioLife Solutions Inc., Chart MVE Biomedical, LabVantage Solutions Inc., Atlanta Biologicals, Panasonic Biomedical, Thermo Fisher Scientific Inc. and Qiagen. These companies are involved in various developmental strategies such as mergers and acquisitions to sustain their market share.
·
Fungicides accounted for about 22.7% of the
industry volume in 2014. Favorable climatic conditions across major crop
producing regions is one reason to propel the demand of the chemicals.
Fungicides are available in forms of eradicants and protectants.
·
Cereals accounted for 19.0 % of the crop
protection chemicals industry volume in 2014, due to its increasing demand in
Latin America and Asia Pacific, where traditional food grains and pulses are
consumed in a larger amount. This trend is expected to continue owing to the
rising demand for healthy foods and an exponentially increasing consumer base.
·
Cotton was the largest application valued at USD
12.65 billion in 2014, owing to the rising demand of agrochemicals used in
cotton production. Growing demand for cotton to manufacture apparel, technical
textiles and home furnishings is expected to drive industry growth.
·
Fruits &vegetables accounted for over 17.0%
of the total revenue in 2014. Rising popularity of biopesticides which allow
for direct consumption of crops will propel demand over the forecast period.
·
North America dominated the global industry
owing to high adoption of modern farming practices. The market is expected to
grow at a CAGR of 7.3%, in terms of volume, from 2015 to 2022, due to
increasing consumer awareness about side-effects of using synthetic pesticides.
·
Asia Pacific crop protection chemical market was
valued at USD 14.03 billion in 2014. Growing population coupled with rising
demand for crops in emerging economies of the region is expected to drive
growth over the forecast period. Moreover, several economies in the region rely
heavily on the agricultural sector, which is expected to further augment
demand.
·
Crop protection chemical demand in Europe was
696.4 kilo tons in 2014. Growing demand for biopesticides on account of rising
consumer awareness regarding the adverse effects of chemicals on the ecology is
expected to drive growth.
·
Key players in the market include Monsanto, American
Vanguard, Bayer CropScience, Arysta LifeScience, BioWorks, Chemtura Corp, BASF
SE, Cheminova, Dow AgroSciences, DuPont, Ishihara Sangyo Kaisha, FMC Corp,
Isagro SpA, Makhteshim Agan, Marrone Bio Innovations, Nufarm Ltd, Sumitomo
Chemical, Novozymes A/S, Monsanto, Natural Industries Syngenta AG, and Valent
Biosciences.
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this category @ http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented
the global crop protection chemicals market on the basis of product,
application and region:
Crop Protection Chemicals Product
Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- Herbicides
- Fungicides
- Insecticides
- Others
Crop Protection Chemicals
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- Fruits & vegetables
- Cereals
- Maize
- Cotton
- Rice
- Others
Crop Protection Chemicals Regional
Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- ROW
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