The increasing number of nematodes, weed species, and other harmful insects that disrupt the natural growth of crops is projected to add to the demand for crop chemicals. The elevated productivity per unit labor supported by these chemicals will also add to their demand.
Albany, NY -- (SBWIRE) -- 01/28/2016 -- Albany, New York, Sep 28, 2015: Market Research Reports Search Engine (MRRSE) has announced the addition a new research report on the global crop protection chemicals market, estimating the market to expand at a moderate CAGR of 5.4% over the period from 2011 to 2018 and reach an overall value of US$70 bn by the end of the forecast period.
This research report, titled "Crop Protection Chemicals Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast 2011 - 2018", is published by Transparency Market Research (TMR), a leading market intelligence and research firm.
Browse Full Report :http://www.mrrse.com/crop-protection-market
According to the market study, the global market for crop protection chemicals stood at US$48 bn in 2011. Analysts at TMR state that the shrinking volume of arable land across the globe and the consistent growth of farm weed species, nematodes, and a number of other harmful insects is impacting negatively on the natural development of crops and their overall yield and has thus helped the crop protection chemicals market to a great extent in the recent few years. Rising awareness pertaining to the advantages of crop protection chemicals such as increased crop yield and the growing demand of pesticides in developed economies is also expected to fuel the global crop protection chemicals market during the forecast period.
The rapid rise in the uptake of high-end farming techniques is also projected to provide ample opportunities to market players, states the market report.
Herbicides, fungicides, and insecticides are the three main types of products available in the global crop protection chemicals market. The market for herbicides is expected to report the highest growth during the forecast period, at a CAGR of 6.10%, whereas the market for fungicides is likely to occupy the second position, at an estimated CAGR of 5.60% over the same period.
North America, Asia Pacific, Europe, and the Rest of the World are the major regional markets for crop protection chemicals. Among these, Asia Pacific acquired the leading position in 2011. Analysts expect this regional market to maintain its dominance during the forecast period. The crop protection chemicals markets in North America and Latin America are also projected to witness a high pace of growth between 2011 and 2018, states the research study.
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Arystya Lifescience, Syngenta, Sumotomo Chemicals, Dow Agroscience, Dupont, Makhteshim Agam, Bayer, Monsanto, BASF, and Nufarm are some of the major players operating in the global crop protection chemicals market, as mentioned in this research report.
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