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Shift towards Bio-pesticides to Present Growth Opportunities to Pesticide Market in India, China, and Japan

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The economic structures of India, Japan, and China largely depend on agriculture. To make the most of it, governments in all three are spreading awareness about the use of agrochemicals. This factor has created a healthy foundation for the growth of the pesticides market in these regions. The pesticides market in China, Japan, and India was valued at US$11.7 bn in 2011 and is estimated to reach US$16.2 bn by the end of 2016, expanding at a CAGR of 6.80% between 2009 and 2016. 

Browse Full Global Biopesticides Market Report with TOC:http://www.mrrse.com/biopesticides-market

Use of Pesticides to Increase to Maximize Crop Yield

The rapid urbanization in Japan, China, and India has led to a shortage of arable land. There is a significant increase in the demand for food owing to growing population in these regions. With the increasing demand for food, it also becomes important to minimize crop damage in order to maximize the supply. Various studies indicate that every year, almost one-third of the food produced is damaged due to pests and weeds, and in storage. These factors together have created huge pressure for high per-hectare productivity, thereby fuelling the demand for pesticides.

The growing health-conscious population across the globe has also positively influenced the growth of the pesticides market in these regions. Another factor boosting the demand for pesticides is the growing popularity of biofuels. Crops are one of the raw materials required for the production of biofuels.

Increasing Demand for GM Seeds to Put Sales of Pesticides in Danger

The hazardous effects of pesticides have adversely affected the growth of the pesticide market in India, China, and Japan. They have also compelled governments to frame stringent regulations that pose high entry barriers for new entrants. Another factor impeding the growth of these regional pesticide markets is the high penetration of genetically modified (GM) seeds. These seeds provide self-immunity towards pest and weed attacks, thereby reducing the requirement for pesticides.

However, manufacturers are capitalizing on the burgeoning demand for biopesticides. Apart from presenting all the benefits of conventional pesticides, biopesticides also have a minimal or no hazardous effect on the environment. The sweeping focus on this category of pesticides is likely to open new avenues for the global pesticides market in the coming years.

China to Lead owing to Considerably Improving Economic Conditions

Significantly improving economic conditions and rapid urbanization have helped China in securing a dominant position in terms of revenue as well as volume among these three. It is expected to retain the position by the end of 2016. Herbicides form the majority of the overall demand for pesticides from China. On the other hand, Japan is witnessing steady growth owing to the increasing demand for food and the rising shortage of cultivable land, which have compelled farmers to use more pesticides in order to maximize crop yield.

Poor Agricultural Standards Impede India Market

Poor agricultural standards and the lack of mechanization pose a challenge to India becoming a frontrunner in the pesticides market among the three. India’s overall pesticides market is chiefly composed of the insecticide segment. The farmers in this region are still significant users of traditional methods of farming, which makes it difficult for them to fix insect problems. However, the three regions collectively are anticipated to exhibit a steady growth rate.

Browse the full Press Release of Global Biopesticides Market at http://www.mrrse.com/global-biopesticides-market

Some of the key players competing in the pesticide market in China, Japan, and India are Arysta Lifescience Corp., BASF Agricentre, Bayer Cropscience AG, Conquest Agrochemicals, Cheminova A/S, Dow AgroSciences, DuPont, Eden Research Plc., Mitsui Chemicals Ltd., Nissan Chemical Industries Ltd., Nufarm, Ltd., and Syngenta, ICL Fertilizers.