Crop Protection Insecticides Market by Top Key Industry Players: Beyer, BASF, DuPont, Mostanto, Iharabras, Arysta Lifesciences, Dow Agrosciences
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Global Crop Protection Insecticides Market size growth driven by rising necessity to produce high quality yields with increasing demand for food. Growing population worldwide and decrease in arable land, escalated the demand for synthesized insect repellent. There has been a rise in demand for safety and quality of food. On an average, around 30-40% of the harvest is lost because of infestation of insects and diseases, that result in loss of overall production. Hence, to reduce the wastage and meet growing demand, application of fly spray has increased and in turn boosted the crop protection insecticides market.
New technological advancement in the pest management and procedures, increased the efficiency of insect repellents. This is expected to boost the product demand over the forecast period. The insect repellent composed of synthetic chemicals used to save harvests from insects and find their application in agriculture and medicine industries. These include larvicides and ovicides that are used to prevent from insect larvae and eggs respectively.
The insect repellents may affect environment as they tend to harm even the non-target species such as birds. As they consume food on which insecticide has been sprayed, they get poisoned. It also causes decline in pollination as it affects the pollinators. The organochlorides, popularly known as DDT has been banned in many countries as it causes carcinogenic problems, degrades the soil and produce hindrance in the aerobic and anaerobic biodegradation. When absorbed in water it also affects aquatic lives. This may affect product industry growth over the forecast period.
On the basis of origin, the crop protection insecticides are classified as synthetic and biological. As of now, the synthetic insect repellent has the major industry share but biological insecticides are gaining market share owing to their environment friendly and less toxic nature. Organic farming practices are expected to fuel biological crop protection insecticides industry growth.
Asia Pacific market dominated by India is expected to witness decent growth in the crop protection insecticides market with increased food demand, quality concerns and limited availability of arable land. North America and Europe market is anticipated to witness slow growth owing to ban on insect repellent.
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Top key players:
The key players of crop protection insecticides market include Beyer, BASF, DuPont, Mostanto, Iharabras, Arysta Lifesciences, Dow Agrosciences, Marrone Bio Innovations. The strategy adopted by BASF for market capture is formulation of modern technology, using new active ingredients and entrepreneurial partnership with companies like Monsanto.
Market share calculation in this report is not done based on companies covered in it. The calculation of crop protection insecticides Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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