Global Crop Protection Chemicals Market Trends and Forecast To 2018

The report, global crop protection chemicals market trends and forecast to 2018, shows that the global market has been witnessing lot of technological advancements and developments over the past few years. The changing buyers preferences, stringent environmental regulations, changing weather conditions, increased agricultural trade and improved farming practices are triggering the innovations and research efforts of the industry.

The global market, owing to its significant impact not only on human health, but also on the environment, is a highly regulated market. Major chemicals such as glyphosate (herbicide), atrazine (herbicide), chlorpyrifos (insecticide) and many others are constantly under review, and face the risk of being phased out or outright banned if more environment-friendly alternatives are available.

The global market, in terms of active ingredient volume was estimated at 2,075.5 metric tons in 2011, and is expected to reach 3,136.1 kilo tons by 2018, growing at a CAGR of 3.2% from 2013 to 2018. Growth in revenue is expected to be higher than volume, owing to the increasing cost of pesticides. Development and registration of a pesticide active ingredient is one of the biggest components of cost for a pesticide company. Presently, the cost of innovation and registration of an active ingredient is about $200 million, which is a 25% increase from 2000.



North America dominates the global herbicide market and has the largest market share in terms of volume and revenue. Europe is the second largest market for herbicides. North America and Europe are mature markets and are dominated by a few major players. To survive intense competition, companies in this region are focused on new product development.