2019 Global Pesticides Market Outlook By The Business Research Company

September 01 18:07 2019
2019 Global Pesticides Market Outlook By The Business Research Company

Pesticides Market By Type (Herbicides, Fungicides And Insecticides), Opportunities And Strategies– Global Forecast To 2022
China National Agrochemical Corporation Was The Largest Company In The Pesticides Market, According To TBRC’s Report (Companies: China National Agrochemical Corporation, Bayer AG, Dow DuPont, BASF SE And United Phosphorus Ltd)

The global pesticides market was valued nearly at $139 billion in 2016. Asia is the largest market for pesticides, accounting for about 39% of the global market. China is the largest country in terms of value in the pesticides market.

Pesticides are chemicals used to eliminate or control a variety of pests related to agriculture that can damage crops and livestock and reduce farm productivity. Agricultural chemicals (also known as agrochemicals) are chemical agents such as pesticides, fungicides, herbicides and insecticides that are used to control crop-harming organisms (e.g., fungi, nematodes, mites, insects and rodents) or viruses.

Read More On The Global Pesticides Market Report At:

https://www.thebusinessresearchcompany.com/report/pesticides-market

Pesticides Market Size

The pesticides market is is expected to grow at a growth rate of around 8% to nearly $52 billion by 2022.Growth in the pesticides market in the historic period resulted from economic growth and development of low interest rate environment in emerging markets. Factors that negatively affected growth in the historic period were high R&D costs, alternative techniques and erratic rainfall. Going forward, economic growth in various major and emerging economies, massive growth in world population and an increased demand in food production will drive growth of the pesticides market. Factors that could hinder the growth of this market in the future are reduction in free trade, expiry of patents and the cost of acquiring new patents rising costs.

The pesticides market is concentrated with the top ten competitors making up more than 35% of the total market in 2018. Players in the market include China National Agrochemical Corporation, Bayer AG, Dow DuPont, BASF SE, United Phosphorus Ltd., FMC corporation, Nufarm Limited, Platform Specialty Products Corporation, Nutrichem Company Limited, and Nanjing Red Sun Co.

China National Agrochemical Corporation was the largest company in the pesticides and agricultural chemical market in 2016 with around 10% share of the market. The company operates as a subsidiary of China National Chemical Corporation, headquartered in Beijing, China.

Request A Free Sample Of The Global Pesticides Market Report At:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2345&type=smp

 

The Pesticides market is is expected to grow at a CAGR of around 8% to nearly $52 billion by 2022.

Growth in the pesticides market in the historic period resulted from economic growth and development of low interest rate environment in emerging markets. Factors that negatively affected growth in the historic period were high R&D costs, alternative techniques and erratic rainfall. Going forward, economic growth in various major and emerging economies, massive growth in world population and an increased demand in food production will drive growth of the pesticides market. Factors that could hinder the growth of this market in the future are reduction in free trade, expiry of patents and the cost of acquiring new patents rising costs and opposition from environment activists who are concerned with the effect of use of these chemicals on the environment.

Some of the major drivers of the market are:

Economic Growth – The global economy is expected to go through a continuous period of steady growth during the historic period. The US economy was already showing strong growth in 2016, and this is likely to continue during the forecast period. The European market is expected to see growth return later in the forecast period

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: [email protected]

Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company

Media Contact
Company Name: The Business Research Company
Contact Person: Nitin
Email: Send Email
Phone: 08897263534
Address:1st Floor, Anshu Colors Building, Road Number 1 Park View Enclave, Jubilee Hills
City: Hyderabad 500033
State: Telengana
Country: India
Website: https://www.thebusinessresearchcompany.com/report/pesticides-market

view more articles

About Article Author