Crop Protection Chemicals Asia-Pacific Industry Future Growth By 2019


Posted July 22, 2016 by RohitBhagare

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 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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http://www.marketsandmarkets.com/Market-Reports/asia-pacific-crop-protection-chemicals-market-1130.html
Asia-Pacific Crop protection chemicals: $18,301.6 million market by 2018, signifies a firm CAGR of 6.2%
The crop protection chemical is a highly regulated market. This report provides a comprehensive outlook on the global and Asia-Pacific crop protection chemicals market with respect to various regions, product types, as well as applications. The Asia-Pacific market for crop protection chemicals, in terms of active ingredient volume was estimated at 636 KT in 2011 and is expected to reach 843.5 KT by 2018. Growth in revenue is expected to be higher than volume, owing to the increasing cost of pesticides.

Crop protection chemicals regulations are vague and do not include provision for a protection period for proprietary research data. That makes the Indian market quite lucrative for generic manufacturers who can manufacture any active ingredient, which is not protected by patent. With regards to increasing food safety and to encourage research and development of new active ingredients within Indian market, the Government is planning to reshape the existing regulations
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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Issued By Rohit Bhagare
Country India
Categories Business , Research
Last Updated July 22, 2016