According to a new market report published by
Lucintel, the future in the global pesticide industry looks good with opportunities
in insecticides, fungicides and herbicides market. 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, Lucintel 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.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global pesticides
industry by application and region and has
come up with a comprehensive research report, “Growth
Opportunities in the Global Pesticides Industry 2016-2021: Trends, Forecast,
and Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. 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
By Region [Value ($B) shipment analysis for 2010 – 2021]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
98-page research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com. Lucintel offerings
include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Strategic
Growth Consulting, Commercial Due Diligence
Report and Business
Strategy Consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1 What are
some of the most promising, high-growth opportunities for the pesticide market
by application type, and region?
Q.2 Which segments will grow
at a faster pace and why?
Q.3 Which region will
grow at a faster pace and why?
Q.4 What are
the key factors affecting market dynamics? What are the drivers and challenges and
business risk in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What
are emerging trends in this market and reasons behind them?
Q.7 What
are some changing demands of customers in the market?
Q.8 What are
the new developments in the market? Which companies are leading these
developments?
Q.9 Who are the
major players in this market? What strategic initiatives are taken by key
players for business growth?
Q.10 What are
some of the competing products in this market and how big of a threat do they
pose for loss of market share by product substitution?
Q.11 What M & A
activity has occurred in the last 5 years and what is its impact on the
industry?
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