Pesticide Consumption Trends

Pesticide Consumption Trends

The technology involved in crop protection involves the use of herbicides, pesticides, fungicides, insecticides and also the use of bio technology products to protect crops from insects, weeds and a variety of plant related diseases which infest crops. The application of innovative technological practices for crop protection leads to a rise in crop yield, reduced agricultural waste, reduces costs and efficient management.

The use of pesticides varies according to the target crop they are being used on as the disease and insect manifestation and infestation also varies from crop to crop. The use of pesticides can basically be divided on a crop and non-crop basis. The plants might include field crops such as oilseed rape, cereals, sugar beet, and other arable crops. Other crop types include tropical and sub-tropical bush crops, vegetable crops, ornamental crops, and deciduous fruit orchards.

The consumption of pesticides in crop based agriculture is the largest at a global level and is predicted at more than 2 million tons in the year 2015 and in anticipated to expand at a CAGR of about 6.5 percent during the forecast period. The crop based segment of pesticide application includes their use in Oil Seeds, Grains & Cereals, and Fruits & Vegetables. Their use is predicted to be highest in the grains & cereals segment owing to the fact that grains & cereals account for the largest land are attributed for crop cultivation. Further, they are the staple food and their market share is more than 70 percent. The fastest growing segment is the Oil Seeds segment which includes soybean, rapeseed, palm, peanut, sunflower, coconut, cottonseed and olive. There is moderate growth in the fruits & vegetables segment and it is indeed the slowest growing segment due to saturation in the market and seasoned allocation of land without rapid innovation in the yield of the same.

In the non-crop based category, crop protection products usage in expected to grow at a CAGR of more than 5.5 percent. The major plants in this segment are ornamental and turf grasses. North America is the major stake holder in the non-crop segment at the global level and accounts for more than 34 percent of market share. This is majorly owing to the fact that North America has a lot of golf courses and sports arenas, and is also a developed market. In this matter a push to the advancement and growth of sports and tourism in the developing regions of Asia-Pacific and Latin America is needed to increase demand for non-crop crop protection technologies. Other application besides turf and ornamental grasses include pest control, forestry, industrial use, public health and timber treatment.

North America holds the majority of production and consumption points. Europe closely follows North America in this matter as they are both relatively matured markets in this market. North America owes its lead to its large area crop based economy and Europe due to its large export share. Asia Pacific is one of the fastest growing owing to its growing population, increasing economy and rising food demand. It is in fact anticipated to the region growing with the highest CAGR globally during the forecast period.

Even though the growth in the industry is expected to be robust, there needs to be rapid innovation and growth in the R&D, and companies need to concentrate on developing products which are bio friendly, for example, bio pesticides. Now-a-days, the demand is increasing for pesticides which not only do their job but also restrict damage to crops.

Check out Market Data Forecast’s comprehensive reports with in-depth analysis about the Crop Protection Pesticides Market a free research sample can also be availed. Stay tuned for trending news stories about the latest technologies and interesting Agriculture tit-bits.

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