Grain And Cereal Crop Protection Market – Growth, Trends And Forecasts (2014 – 2019)
Jul 02 2014
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Among all Crop-Based applications of Pesticides, Grains & Cereals corner the largest volume and value shares, estimated at 75.6% and 75.7%, respectively, in 2014. Whereas North America forms the largest volume and value market for pesticides used in Grains & Cereals, Asia-Pacific is expected to record the fastest growth in both these parameters. Production and yield of cereals & grains present vastly contradictory figures when the worldwide data is compared to data from developed and developing regions. For instance, between 1993 and 2020, global land area used for producing cereals & grains is expected to witness a growth of 0.25%, while yield is projected to increase by 1.3%. In developed countries, the situation varies considerably over the same period, with producible land area growing by a mere 0.1% and cereal & grain production likely to grow by 0.9%. Land available for planting grains & cereals in developing regions is quite substantial, which is expected to grow at the fastest rate of 0.35% during the aforementioned period, with yield also projected to maintain the fastest growth of 1.6% in this period.
This and more data has been provided in a latest report from Mordor Intelligence on utilization of pesticides in grain and cereal crops. Companies need to take a note of key features in the report that can help them in making wise decisions in regard to investments for future growth.
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