European Pesticides Market – Growth, Trends And Forecasts (2014 – 2019)
Jun 27 2014
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Despite being the second-largest volume and value market for Pesticides, Europe is expected to register slow growth over the 2014-2020 analysis period. The use of synthetic pesticides in the region has witnessed declining demand primarily due to restrictions imposed on the use of synthetic insecticides, including clothianidin, imidacloprid and thiametoxam from April 2013. Volume consumption of overall pesticides in Europe is slated to post a modest CAGR of 5.6% during 2014-2020, with value CAGR over this period being marginally higher at 6.2%. Crop-based applications would constitute the largest and the fastest growing end-use area for pesticides in the region.
Use of pesticides in Europe for crop-based applications is the largest, as well as faster growing compared to non-crop-based applications.
The global trend of a move towards greater utilization of biopesticides has been evident in Europe as well, with latest data from a report by Mordor Intelligence indicating the same. This report on the European Pesticides market from Mordor Intelligence provides a focused analysis of various factors that are driving or restricting growth. Leading companies stand to gain in making informed decisions as to the state of the domestic market, in addition to garnering insights into the global scenario.
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