Global demand for BOPP film market was valued at USD 10.81 billion in 2014 and is expected to generate revenue of USD 15.55 billion by end of 2020, growing at a CAGR of 6.30% by 2020
Crop Protection Chemicals (Herbicides, Fungicides, Insecticides, and Others) Market for Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crops: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020
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Zion Research has published a new report titled “Crop Protection Chemicals (Herbicides, Fungicides, Insecticides, and Others) Market for Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crops: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.” According to the report, global demand for crop protection chemicals market was valued at around USD 50.0 billion in 2014 and is expected to reach around USD 70.0 billion in 2020, growing at a CAGR of approximately 5.5% between 2015 and 2020. In terms of volume, the global crop protection chemicals market stood at around 2,250.0 Kilo tons in 2014.
Crop protection chemicals or pesticides are used to safeguard the crops by controlling the population of harmful pests or those that can potentially damage or adversely affect the growth of crops. Insecticides, herbicides and fungicides are the major types of pesticides. Crop protection chemicals are primarily synthetic chemicals. However, bio-based pesticides are growing popularity owing to growing environmental concerns and increasing awareness among farmers regarding environmental issues. Some of the key raw materials used in the manufacturing of crop protection chemicals include, chlorine, nitrogen, phosphorus, bromine, phenol, etc. Crop protection chemicals are constantly under review and susceptible to risk of being phased out or banned owing environmental concerns.
Browse the full “Crop Protection Chemicals (Herbicides, Fungicides, Insecticides, and Others) Market for Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crops: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020” report at http://www.marketresearchstore.com/report/crop-protection-chemicals-market-z38313
The major driving factor for the global crop protection chemicals market is rapidly growing population of the world. Increase in population has been resulted into higher demand for food. Moreover, arable land is shrinking due to increasing urbanization and industrialization. Crop protection chemicals help to safeguard crops and ensures higher yield. Moreover, global crop protection market is primarily driven by strong demand from Asia Pacific and Latin America. However, increasing environmental concerns across the world and stringent regulation in developed as well as developing countries is expected to affect the growth of this market. Moreover, increasing acceptance of genetically modified seed (Bacillus thuringiensis crops) is expected to adversely affect the growth of global crop protection chemicals market in the years to come.
Based on types, crop protection chemicals market is segments into insecticides, herbicides and fungicides. Insecticides are sub-segmented as pyrethrins and pyrethroids, malathion, carbaryl, chlorpyrifos, and others. Herbicides are sub-segmented as atrazine, acetochlor, 2, 4 – D, glyphosate, and others. Fungicides are further segmented as chlorothalonil, metalaxyl, strobilurin, mancozeb, and others. Herbicide was the leading product segment of global crop protection chemicals market in 2014. Herbicides accounted for over 35% share of the total volume consumed in 2014. Insecticide was the second largest segment of crop protection chemicals market.
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