Synthetic Pesticides to Continue Growth in the Coming Years

Reportedly the most convenient and easy way of pest and disease control in the agriculture fields is Synthetic pesticides.  Synthetic Pesticides corner the larger share of volume consumption estimated at 91.8% in 2014. The well-established market of synthetic pesticidesstands at a volume of 2.2 million tons consumed in 2014 that is poised to register a 2015-2020 CAGR of 5.1% and reach a projected 2.9 million tons by 2020.

Out of several product types, Synthetic Herbicides are the most extensively utilized sub-segment of Synthetic Pesticides on a global basis, since they protect a wide variety of grains, cereals, oilseeds and fruit and vegetable crops from infestation of weeds. Selective herbicide is a much preferred option as it kills the specific target without harming the crop plant. Glyphosate-based herbicides are the most popular offering in this category; the market for this particular product tends to grow due to end-use applications in glyphosate-tolerant GM crops and conventional crops.

Synthetic insecticides are employed for killing various insects infestations found in crop plants. These products are intended to prevent, repel, or kill any pest/insects. The problem of pest infestation is more crucial in the developing part of world where indigenous methods are still preferred. In those areas, the insecticide products pose stronger demand.  Volume and value consumption for Synthetic Insecticides is shown fastest growth in Asia-Pacific as a result of higher infestation of insects. Demand for insecticide products with less toxic composition will be high as they tend to hamper the overall plant growth less.

Fungus infestation is seen more in cereal crops like rice, maize, wheat etc.  Cereals and grains are prone to seed borne diseases such as bunts and smuts. Fruits and vegetables also tend to be more infested by fungus contributing more than 35% of fungicide market share. Climate and seasonality factors play important role for fungicide consumption; extended winter months always help in more selling of fungicide products. Due to preventive and post infection curative property, Triazole forms a popular option for the farmers.Strobilurin is a popular product for its broad array of applications. Synthetic Fungicides consumption globally is anticipated to register a 2015-2020 CAGR of just over 6%, making this the fastest growing sub-segment within Synthetic Pesticides.

Other Synthetic Pesticides comprise nematicides, acaricides, and molluscicides, to name a few. Volume consumption for eliminating or reducing their presence is poised to grow the fastest in Asia-Pacific, followed by Latin America and Europe. North America is a matured market for pesticide products; the region possesses considerable importance in the global crop protection market.

Increase in market price, unprecedented growth in foliar diseases, appearance of new variety of insects and product availability to the root level are some major issues coming in the way of synthetic based products. Also environmental and climatic concern further restricts the usages where stringent regulations are applied. Protection of crops is most necessary in today’s time so as to meet the growing need for food. So the best possible way out would be to employ integrated approach to the farm lands wherein the management of pests and diseases would be done without much impacting the surroundings.

For full report, visit: http://www.mordorintelligence.com/industry-reports/global-crop-protection-chemicals-pesticides-market-industry

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