Crop Protection Insecticides Market To Witness A Phenomenal Growth over 2024
Category: #reports  By Ronak Bora  Date: 2019-02-12
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Crop Protection Insecticides Market To Witness A Phenomenal Growth over 2024

Crop protection insecticides market can be classified in three types namely organic that includes chemical compounds, inorganic that includes metals and natural that includes biological pesticides like plants extracts. Majority of plant extracts can be taken from neem, pyrethrum, nicotine. Organochlorides, organophosphates & carbamtes, pyrethroids, ryanoids and neonicotinoids are majorly used for crop protection.

Factors such as high are input cost, research and development cost, weather, government regulations, harvesting area, and species of pests are expected to affect crop protection insecticides industry. As the input cost increases, the purchase price of insect repellent escalates that in turn reduces the demand. With government restrictions for use of chemicals in product manufacturing to prevent environment, the research and development costs have increased.

The insect repellents may affect environment as they tend to harm even the non-target species such as birds. As they consume food on which insecticide has been sprayed, they get poisoned. It also causes decline in pollination as it affects the pollinators. The organochlorides, popularly known as DDT has been banned in many countries as it causes carcinogenic problems, degrades the soil and produce hindrance in the aerobic and anaerobic biodegradation. When absorbed in water it also affects aquatic lives. This may affect product industry growth over the forecast period.

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On the basis of origin, the crop protection insecticides are classified as synthetic and biological. As of now, the synthetic insect repellent has the major industry share but biological insecticides are gaining market share owing to their environment friendly and less toxic nature. Organic farming practices are expected to fuel biological crop protection insecticides industry growth.

Based on type of activity, crop protection insecticides market classified as systematic and contact. The systematic type depends on ingestion of insecticide while the contact type depends on direct contact. Performance of contact type can be improved with quality and method of application. The contact type insect repellent has the major share as they are more effective.

Depending on basis of form, crop protection insecticides market is classified as liquid and solid. The liquid form has significant industry share as it is easy to apply and user friendly. Based on crop type, it is classified as cereals & oilseeds, foods & vegetables and others that includes plantation yields, sugarcane etc.

Global Crop Protection Insecticides Market size growth driven by rising necessity to produce high quality yields with increasing demand for food. Growing population worldwide and decrease in arable land, escalated the demand for synthesized insect repellent. There has been a rise in demand for safety and quality of food. On an average, around 30-40% of the harvest is lost because of infestation of insects and diseases, that result in loss of overall production. Hence, to reduce the wastage and meet growing demand, application of fly spray has increased and in turn boosted the crop protection insecticides market.

Latin America led by Brazil and Argentina has major share in crop protection insecticides market owing to increasing population and expansion of farmlands. Further, increasing awareness among farm cultivators regarding product benefits will fuel industry growth.

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Asia Pacific market dominated by India is expected to witness decent growth in the crop protection insecticides market with increased food demand, quality concerns and limited availability of arable land. North America and Europe market is anticipated to witness slow growth owing to ban on insect repellent.

The key players of crop protection insecticides market include Beyer, BASF, DuPont, Mostanto, Iharabras, Arysta Lifesciences, Dow Agrosciences, Marrone Bio Innovations. The strategy adopted by BASF for market capture is formulation of modern technology, using new active ingredients and entrepreneurial partnership with companies like Monsanto.

 

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About Author

Ronak Bora

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Ronak Bora

A graduate in Electronics Engineering, Ronak writes for News.Marketsizeforecasters and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, ...

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