Oil Seed Crop Protection Market – Growth, Trends And Forecasts (2014 – 2019)
Jul 02 2014
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Principal sources of oils derived from seeds include palm, soybean, rapeseed (canola), sunflower seed, peanut, cottonseed, palm kernel, coconut and olive. Utilization of pesticides for protecting oilseed crops from a variety of infestations constitutes the fastest growing application area, with a 2014-2020 volume CAGR of 6.6% and value CAGR of 7.3%. Production levels of oil sources have a direct correlation with consumption of oils derived from them, with consumers in some regions being highly specific in regard to the cooking oil to be used. Pesticides have played a positive role in controlling various forms of diseases caused through a range of sources in promoting growth of oilseed-bearing crops. In terms of regional demand, North America would continue to be dominant for consumption of pesticides in oilseed applications, while Asia-Pacific would record fastest growth. Growing population in developing regions that require adequate sustenance would propel the growth of pesticide use in this key application area.
Mordor Intelligence’s new report on the Oilseed Crop Protection market addresses key issues governing the use of pesticides in this critical application area. Companies planning to develop crop protection chemicals aimed at sustaining oilseed crops would be benefitted by gaining an insight in regard to markets offering greatest scope for expansion.
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