The global crop protection chemicals market has posted a decent increase in market size in recent years. The changing patterns of farming practices, coupled with the increased usage of technology in agriculture, have fueled the market for crop protection chemicals in the global arena. Besides, the shrinking of arable lands and shortage of food have also triggered the usage of crop protection chemicals in order to increase the crop yield within limited resources.
Browse the full Global Crop Protection Chemicals Market Report: http://www.mrrse.com/crop-protection-market
According to a market study published by Transparency Market Research (TMR), in 2011, the global crop protection chemicals market stood at U$48 bn. Analysts expect the market to develop at a CAGR of 5.40% during the period from 2011 to 2018 and reach a value of US$71.3 bn by the end of 2018.
On the whole, the future of the global crop protection chemicals market looks thriving. However, it may face challenges from the rising concerns over the harmful effect of crop protection chemicals on the environment. Rapid development in biotechnology and rising usage of Bt crops and GM seeds are also emerging as major concerns for the worldwide market for crop protection chemicals.
Asia Pacific: Modification in Farming Practices Fuels Market
Asia Pacific, among all the regional markets, has emerged as the dominant market for crop protection chemicals. Modifications in agriculture practices have boosted this regional market at a remarkable growth rate in recent times.
Most of the emerging nations in Asia Pacific lack proper registration systems for crop protection chemicals. Additionally, production and sales of these pesticides do not have a clear regulatory practice. These indiscretions have provided the participants easy access to this regional market and a huge scope for their business expansion in this region.
The regional markets of China, Thailand, and Indonesia are likely to exhibit robust growth in the Asia Pacific crop protection chemicals market on account of increasing demand for these pesticides to meet the rising demand for food.
Rising Demand for Strobilurin Drives Crop Protection Market in Europe
The Europe market for crop protection chemicals has secured the second position in the global market. The high demand for strobilurin (a type of fungicide) is driving the market in Europe to a great extent.
France, Germany, and Russia have historically been the leading markets for crop chemicals in Europe, among which France has acquired the dominant position, followed by Russia.
The reducing amount of agricultural land is stimulating the demand for crop protection chemicals in the European region in order to increase the production of crops in available agricultural land.
Browse the full Press Release of Global Crop Protection Chemicals Market : http://www.mrrse.com/globle-crop-protection-market
Dow Chemical Co., BASF, Chemtura Corp., Nufarm Ltd., Adama Agricultural Solutions Ltd., Bayer CropScience AG, Dupont, Nippon Soda Co. Ltd., Cheminova, and Syngenta AG are the key companies operating in the global crop protection chemicals market.