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(MoneyNewsWire.Net, April 11, 2018 ) Asia-Pacific Crop Protection Pesticides Market has been estimated at USD 14.00 Billion in 2016 and is projected to reach USD 19.09 Billion by 2021, at a CAGR of 6.40% during the forecast period from 2016 to 2021. Bio-pesticides are beneficial to ecological chain and environment and are also effective in controlling agricultural pest.
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In Asia-Pacific region, continuously evolving technology and advancement is driving the most important change in farming practices. Uprising technology and advancements in the agricultural chemistry is enabling farmers to engage in effective pest management. The increasing awareness about pesticides has not only resulted in increased use of pesticides, but also increase in awareness regarding potential crop savings in developing nations. On the negative side, restraints limiting market growth include mounting costs of research and development and the controversy surrounding adoption of genetically modified crops.
Asia-Pacific market for Pesticides is segmented into Crop-based Application and Non-crop-based Application. Each of these segments is further sub segmented as follows: based on Crop-Based Applications- Grains & Cereals, Oilseeds and Fruits & Vegetables, based on Non-Crop-Based Applications- Turf & Ornamental Grass and Other Applications. Pesticide Market Is also segmented into type which is further subdivided into Synthetic and Bio-pesticides. Each of these is further sub divided into Herbicides, Insecticides, Fungicides, Other Synthetic Pesticides and Bio-herbicides, Bio-insecticides, Bio-fungicides Other Bio-pesticides respectively. Crop protection chemicals market is being dominated by herbicides, followed by synthetic fungicides
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Geographically, Asia-Pacific market for Pesticides is segmented into China, India Japan, Australia, South Korea and others. Being the world’s largest as well as most populous continent, Asia-Pacific is one the key markets for crop protection chemicals. Use of pesticides is becoming a common practice in countries such as India, China, and other less developed countries in the region, leading to the growth in areas where there had previously been very less or no pesticide usage. China and India are the leaders in consumption of pesticides in the region. Crop-Based applications occupy the largest share of volume consumption of Pesticides in Japan. Rice is the most important food crop in South Korea accounting for a maximum share of the pesticide market in this region.
Marrone Bio Innovations, DuPont, Arysta Life sciences, BASF, and Dow Agrosciences are the most active companies in the Asia-Pacific Crop Protection Pesticides market along with American Vanguard, Cheminova, Chemtura Corp, Monsanto, Natural Industries, Bayer CropScience, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG, Valent Biosciences, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen, and BioWorks
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