DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bcv6sz/global_crop) has announced the addition of the "Global crop protection Pesticides Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
Pesticides constitute the largest category within the market for crop protection chemicals, with Biopesticides accounting for a comparatively minute share. However, growing environmental concerns regarding the use of synthetic pesticides that are primarily produced using petrochemical or inorganic raw materials have resulted in increasing demand for eco-friendly Biopesticides. The global volume market for pesticides is projected to reach 3.4 million tons by 2020 from 2.3 million tons in 2014, with a CAGR for volume growth being 6.2% between 2015 and 2020. The global value market for pesticides stood at US$54.8 billion in 2014 and is projected to reach US$81.8 billion by 2020, expected to register a CAGR of 6.95% between 2015 and 2020.
Factors driving the markets for pesticides include decreasing arable land, increasing population and the requirement of improving crop yields. On the other hand, regulatory authorities such as EPA (Environment Protection Agency) frequently come up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down growth in demand for synthetic pesticides.
In addition, several highly toxic pesticides have either been banned or are in the process of being phased out, thereby opening new avenues for growth in demand for Biopesticides. For instance, chemicals such as glyphosate (herbicide), atrazine (herbicide) and chlorpyrifos (insecticide), to name a few, remain under constant reviews and can be either gradually phased out or even banned if more eco-friendly options are made available. Being organic, free of chemical residues and eco-friendly products, Biopesticides have been witnessing faster growth in demand compared to their synthetic counterparts.
Key Topics Covered
- Introduction
- Key Findings Of The Study
- Market Overview
- Market Dynamics
- Market Segmentation
- Appendix
Companies Mentioned
- Adama Agricultural Solutions
- American Vanguard
- Arysta LifeScience
- BASF
- Bayer CropScience
- Bioworks
- Cheminova
- Chemtura AgroSolutions
- Dow AgroSciences
- DuPont
- FMC
- IsAgro
- Ishihara Sangyo Kaisha
- Marrone Bio Innovations
- Monsanto Company
- Natural Industries - Novozymes
- Nufarm
- Syngenta International
- Valent Biosciences
For more information visit http://www.researchandmarkets.com/research/bcv6sz/global_crop
