Growth Opportunities in the Global Pesticide Industry 2016-2021: $81.1 Billion Trends, Forecast, and Opportunity Analysis - Research and Markets

DUBLIN--(BUSINESS WIRE)--

Research and Markets has announced the addition of the "Growth Opportunities in the Global Pesticide Industry 2016-2021: Trends, Forecast, and Opportunity Analysis" report to their offering.

The global pesticide industry is expected to reach an estimated $81.1 billion by 2021. The global pesticide industry is forecast to grow at a CAGR of 4.4% by value from 2016 to 2021. The major drivers of growth for this market are increasing population, limited availability of arable land, and increasing awareness of using pesticides.

In this market, herbicides, fungicides, and insecticides are the major segments of pesticides industry. On the basis of its comprehensive research, the report forecasts that the herbicides and fungicides segments are expected to show above average growth during the forecast period.

Within the global pesticides industry, the herbicides segment is expected to remain as the largest market. Increasing demand for weed management and food security are expected to drive pesticides demand, which would spur growth for this segment over the forecast period.

North America is expected to remain the largest market and is expected to witness the highest growth over forecast period due to limited availability of arable land, demand for healthy diet, and priority for food safety.

For business expansion, the report suggests innovation and new product development on long lasting disease protection for crop, post infection disease control, advanced plant health benefits, and simplifying the application of using pesticide. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.

Emerging trends, which have a direct impact on the dynamics of the industry, includes development of nano-pesticides to reduce environmental pollution and development of formulated technology for weed control system. Syngenta, BASF SE, Bayer, Monsanto, and Dow Chemicals are among the major suppliers of pesticides. There are some companies that are opting for merger & acquisition as strategic initiatives for driving growth.

The study includes a forecast for the growth opportunities in the global pesticides industry by application and region as follows:

By Application [Value ($B) shipment analysis for 2010 - 2021]:

• Insecticides
• Fungicides
• Herbicides

Companies Mentioned

• BASF SE
• Bayer
• Dow Chemicals
• Monsanto
• Syngenta
  

For more information about this report visit http://www.researchandmarkets.com/research/8bmfpj/growth

Related Topics: Agrochemicals and Fertilizers

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