Global Market of Agricultural Pesticide Represents Significant Growth until 2021, Driven By Increased Food Production

It is very well known that agriculture and forestry are the largest users of pesticides. Accordingly, Agricultural pesticide industry has been transformed by several years of robust growth coupled with new environmental regulations and varying crop mix trends. Driven by the growing use of pesticides in the production of crops and improved farming techniques, the global market is also expected to grow substantially in coming years. This has been analyzed in a new study, added to the massive database of Market Research Hub (MRH), entitled as “Global Agricultural Pesticide Market Research Report 2017”. The analysts have encapsulated all the major information about the global market, with a prime focus on following key regions such as China, Japan, North America, Europe, India and Southeast Asia.

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Through this study, the readers will also go through the major trends and dynamics, fuelling the market growth in the above-mentioned regions. For each regional segment, the report also aims to provide the details of production, consumption, revenue, market share and growth rate, from the period of 2011 to 2021. Globally, China became the fourth-largest national market as rising pesticide production in the country improved domestic pesticide availability.

In the initial section, study designates that the damage caused by agricultural pests is a global problem and to overcome this issue, pesticides are used worldwide to manage agricultural pests. They kill and keep away unwanted pests. It has been also studied that they can be incredibly beneficial and have most certainly increased food production. In addition to saving crops and livestock, pesticides have also had direct benefits to human health. It is valued that since a long time, the use of pesticides has prevented the deaths of around seven million people by killing pests that carry or spread diseases.

Moreover, the report further segments the global market on the basis of product type and applications of agricultural pesticides. By application, the market is further segmented into Vegetables, Corn, Fruit & Nuts, Cotton, Melons and Soybeans.

Today there are many different types of pesticides on the market but the most common are herbicides and insecticides, which kill or manage unwanted plants and insects. Types of pesticides mentioned in the report are:

Rodenticides
Herbicides
Fumigants
Defoliants
Insecticides
Fungicides
Desiccants
Nematicides

Pests consume or harm a large portion of agricultural crops and without the use of pesticides, it is possible that they would consume a higher amount of crops, which as a result creates a huge loss to the farmers. Therefore, another advantage of the Pesticides is that it increases farm profits by helping the farmer save money on labor costs.

Key players in the worldwide market are:

ADAMA
BASF
Sumitomo Chemical
DuPont
FMC
Dow Chemical
Monsanto
Bayer
Nufarm
Syngenta

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This release was published on openPR.