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20:03 | 09.02.2018
Top 3 Trends in the Crop Protection Chemicals Market | Technavio

Technavio’s latest market research report on the global
crop protection chemicals market provides an analysis of the
most important trends expected to impact the market outlook from
2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20180209005447/en/
Technavio has published a new market research report on the global crop protection chemicals market 2018-2022 under their chemicals and materials library. (Graphic: Business Wire)
According to Technavio analysts, the global crop protection chemicals
market will grow at a CAGR of more than 5% during the forecast period.
The increasing demand for crop protection chemicals from developing
economies is a major factor driving the market’s growth.

Emerging economies such as India and China are focusing largely on the
rural segment due to the high growth potential in this region. Farmers
in this region are concentrating on crop protection to enhance their
business. With the increasing awareness among farmers, further
penetration of crop protection chemicals will lead to an increase in the
consumption. The above-mentioned economies are the largest economies in
terms of population and are also the focus market for the players of
crop protection chemicals.
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The three emerging market trends driving the global crop protection
chemicals market according to Technavio research analysts are:

Increasing use of herbicides and weed control

Introduction of biopesticides

Implementation of integrated pest management (IPM) as new method of
crop protection
Increasing use of herbicides and weed control
The increasing use of herbicides is anticipated to drive the global crop
protection chemicals market during the forecast period because of the
huge investments made for the development of new varieties of
herbicides, which are more effective and eco-friendly. These modern
herbicides decompose quickly after application. Herbicides are widely
used in a variety of crops such as grains, cereals, fruits, vegetables,
pulses, and oilseeds. The increased use of herbicides is because of the
shift in the preference of consumers toward fruits and green vegetables
owing to the increasing awareness of consumers regarding health and
fitness.

The Dow Chemical Company has recently launched two new grassland
herbicides and claims to protect crop weeds that have become resistant
to existent herbicide products. The two products are named Levstar and
Envy. While the former is developed concentrating on controlling a wide
range of weeds such as fat hen, charlock, chickweed, and perennial weeds
such as docks, buttercups, and thistles, the latter is usually favored
in non-productive pastures that are typically nutrient-deficient,
worn-out, and over-grazed.
“Several industry players have been aiming at developing bio-based
herbicides, a clean yet expensive solution for controlling weeds that
have become resistant to chemical-based herbicides,” says a senior
analyst at Technavio for research on agrochemicals
and fertilizers.
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sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.Global crop protection chemicals market
segmentation
This market research report segments the global crop
protection chemicals market based on product type (herbicides,
pesticides, and insecticides) and geography (the Americas, APAC, Europe,
and ROW).

The global crop protection chemicals market by herbicides accounted for
around 40% market share in 2017, making it the leading segment. The
growth of the herbicides segment is one of the key drivers for the
growth of the global crop protection chemicals market because of the
increasing demand for herbicides that are used to control weeds. This is
followed by the pesticides segment owing to its extensive use in various
application segments such as the agricultural sector, horticulture,
amenity areas, and in-home gardens.

Geographically, the crop protection chemicals market was led by the
Americas with approximately 44% share of the market in 2017, followed by
the APAC region.
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customization at the time of purchase.About TechnavioTechnavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
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existing and potential markets and assess their competitive positions
within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180209005447/en/


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