Asia-Pacific Crop Protection Chemicals Market worth $18,301.6 Million By 2018


Posted June 13, 2016 by RohitBhagare

This report estimates the market size of the Asia-Pacific crop protection chemicals market both in terms of active ingredient volume as well as revenue.

 
The crop protection market consists of crop protection chemicals or agrochemicals, seeds, and genetically modified (GM) crops. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Crop protection chemicals are further classified as herbicides, insecticides, fungicides, bio-pesticides, and adjuvants. As the latter two segments hold a minor market share, in general practice, pesticides are referred to as crop protection chemicals.
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Key content of this market:
Defines and segments the crop protection chemicals market with analysis and forecasting of the revenues for pesticides (synthetic as well as bio-based), and adjuvants. It also identifies the driving and restraining factors for the crop protection chemicals market with analysis of trends, opportunities and challenges. The market segmented and revenues are forecasted on the basis of major countries such as India, China and Japan. Further, the market is segmented and revenues are forecasted on the basis of product types and crop types.

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Ambiguous regulatory practices
Most of the countries in this region are yet to establish a proper system for registration, manufacturing, and sales of the pesticides and they have very vague regulatory practices. This has provided huge ground for the companies to expand their presence in the region. Also numbers of countries in the region are expected to show a strong growth and especially China, Indonesia, and Thailand are expected to grow rapidly in agricultural output. This in turn is expected to boost growth for crop protection chemicals in the Asia-Pacific region


Change in Farming Practices & Technology
Continuously evolving technology and advancement have spurred the most important change in farming practices. Uprising technology and advancements in the agricultural chemistry have enabled farmers to engage in effective pest management. The increasing awareness about pesticides has not only resulted in increased use of pesticides, but also increase in awareness regarding potential crop savings in developing nations. The Asia-Pacific crop protection industry is experiencing an increase in the patents and new product registrations which proves to be one of the driving elements for the crop protection market.
Factors such as toxicity of crop protection products, environment friendliness, innovative production practices, new product offerings, increased availability, and advent of new pests are increasing the market for biopesticide industry, globally. Biopesticides are beneficial to ecological chain and environment and are also effective in controlling agricultural pest. The hazards caused to the environment by chemical pesticide residues can be alleviated with the help of Biopesticides Synthetic pesticides, which are typically manufactured from petrochemical or inorganic raw materials, are further segmented as insecticides, herbicides and fungicides. Crop protection chemicals market is dominated by herbicides, accounting for over 41% of the total pesticide volume demand in 2011. Being the worlds largest as well as most populous continent, Asia-Pacific is one the key markets for crop protection chemicals. Asia-Pacific accounts for almost 30% of land available on earth and 60% of human population.
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Last Updated June 13, 2016