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Modest growth for global insecticide industry during 2012-2017
Aug. 29, 2012
After experiencing good growth during the last five years, Lucintel anticipates the global insecticide industry to witness a modest CAGR of 3.9% over 2012-2017 and reach an estimated $14.67 billion by 2017. The growth is likely to be driven by demand for nutritious and superior food due to better economic conditions.
Lucintel, a leading global management consulting and market research firm, has analyzed global insecticide industry and offers its findings in its comprehensive research report, "Global Insecticide Industry2012-2017:Trend, Profit, and Forecast Analysis."
The industry is geographically segmented into North America, Europe, APAC, and Rest of World. NA depicted the most growth potential during 2006-2011 and continues to dominate the industry, but it is APAC which is anticipated to witness the highest growth over 2012-2017.
Lucintel's analysis figures regulatory norms to reduce toxicity and high inventory as the stumbling blocks to industry growth, whereas increasing demand for food grain production and increasing population are the factors spurring growth.
Climate change has increased insect life cycle, leading to increased usage of insecticides. Insecticide usage is believed to be the reason behind increasing agricultural productivity.The industry is found to be highly dependent on such factors as crop yield, farmer awareness, availability of credit, etc. With regard to competition, the report detects that the industry is essentially dominated by the top ten companies with patented products.
Climate change has increased insect life cycle, leading to increased usage of insecticides. Insecticide usage is believed to be the reason behind increasing agricultural productivity.The industry is found to be highly dependent on such factors as crop yield, farmer awareness, availability of credit, etc. With regard to competition, the report detects that the industry is essentially dominated by the top ten companies with patented products.
This report provides an important understanding of the recent industry scope and overview, global macroeconomic overview, relative market attractiveness by region, annual industry trend, emerging trends, industry forecasts, Porter's Five Forces Analysis, hazards, and the profitability analysis of the major industry players. The key insights sections portray beneficial information regarding an industry segment's growth and a regional growth trends. This study also provides up-to-date information on the market share, profit margins, capabilities and strategies of the leaders. It is designed to provide executives with strategically significant competitor information, data, analysis and insight, critical to the development and implementation of effective marketing and sales plan.
Source: redorbit
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