The ongoing uproar over the hazardous effects of pesticides may have had an adverse impact on the demand. However, players within the pesticides market are turning this into an opportunity by shifting toward more natural alternatives like bio-pesticides.
The market for pesticides has been studied and assessed in three Asian countries: China, Japan, and India, and the report indicates that this market will grow from US$11.7 bn in 2011 to US$16.2 bn by 2016 at a 6.80% CAGR from 2009 to 2016. The size, share, value, volume, and revenue of the pesticides market are discussed in the report, along with the definition, structure, elements, scope, and dynamics. The report identifies and evaluates the numerous factors that are driving and restraining the pesticides market in China, India, and Japan.
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The report segments the pesticides market on the basis of type of pesticide, type of crop, and geography, and analyzes each segment in absolute detail. Quantitative as well as qualitative data for each segment is provided and recommendations from industry experts are included to guide the readers in formulating business strategies.
Overview of the Pesticides Market
China, India, and Japan are all agriculture-driven economies, which means that their reliance on pesticides to ensure high per-hectare productivity and increase agro-productivity capacity is immensely significant. Factors such as expanding population base, burgeoning demand for food, and need to minimize crop damage are largely responsible for the growth of the pesticides market in these three countries.
Improved economic conditions in these economies has resulted in change in food habits of consumers, growing popularity of biofuels, and rapid urbanization, which in turn, has resulted in increased pressure for greater crop production. Rise in demand for greater crop yield translates to surging demand for pesticides.
Among the three, China is the leading regional segment of the pesticides market in terms of revenue as well as consumption, and is expected to retain its dominance till the end of the forecast period. Even though there is a shortage of arable land in Japan stemming from widespread urbanization, the market is still registering a somewhat steady growth owing to the fact that farmers are forced to use more pesticides in order to maximize crop yield.
The market for pesticides in all three countries is met with persistent debate over the harmful effects of pesticides. This has had a negative impact on the overall market.
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Companies Mentioned in the Report
The most notable players competing in the pesticides market in China, India, and Japan include Syngenta, Nissan Chemical Industries Ltd., Eden Research, Plc., Nufarm, Ltd., Arysta Lifescience Corp., Bayer Cropscience AG, Cheminova A/S, DuPont, Conquest Agrochemicals, ICL Fertilizers, Dow AgroSciences, Mitsui Chemicals Ltd., and BASF Agricentre.
While profiling these players, the research report on the pesticides market offers information pertaining to company overview, business strategies, product portfolio, financial standing, recent developments, mergers and acquisitions, and prevailing trends.