English 
搜索
Hebei Lansheng Biotech Co., Ltd. ShangHai Yuelian Biotech Co., Ltd.

Global crop protection sales to reach $71.3 billion in 2018qrcode

Aug. 24, 2012

Favorites Print
Forward
Aug. 24, 2012
According to a new market report published by Transparency Market Research "Crop Protection Chemicals Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2011 - 2018," the global crop protection market was worth $48 billion in the year 2011 and is expected to reach $71.3 billion by 2018, growing at a CAGR of 5.4 percent from 2011 to 2018. Herbicides formed the largest category in the overall crop protection market, contributing about $19.9 billion for the year 2011.
 
Herbicides, fungicides and insecticides are the foremost product segments in the global crop protection market. The herbicides market will experience both the highest growth rate as well as highest volume traded in the next six years. The expected growth rate of herbicides for the given period is computed to be 6.1 percent, which is followed by fungicides with 5.6 percent of growth rate over the year 2011 to 2018.
 
The major influencing factors in the crop protection market are shrinking arable land, the paradigm shift in farming practices, increased purchasing power and the resultant improvement in the standard of living. Pesticides protect the plants from various weeds, nematodes and fungus, thus raising the yield production. Increased awareness for crop protection in developed nations like the U.S, better and effective utilization of pesticides along with adoption of high end technologies are key growth drivers for the market.

0/1200

More from AgroNewsChange

Hot Topic More

Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

0/1200

 

NEWSLETTER

Subscribe AgroNews Daily Alert to send news related to your mailbox