Ever increasing world population has been creating constant pressure for higher yields from the limited cultivable land resources to meet the world hunger. One inevitable need is to save immense damage to crops, plant produce from pests and diseases. A diverse range of crop protection chemicals and methods are regularly developed and increasingly being used by agriculturists worldwide. Starting from natural methods of plant protection in early centuries, scientific research brought new chemicals and techniques for protection of crops.
The global market for crop protection products has grown significantly in the recent past in the light of increased requirement of plant produce to meet the ever expanding food demand of world population and limited availability of cultivable land. Further, with ecological and health concerns, and new scientific developments the market for crop protection products all across the globe will acquire new dimensions in terms of new products which are safe and effective. The market for crop protection products worldwide is expected to record a CAGR of about 6.45% during 2011-2013.
Europe and Asia are the largest markets for crop protection products accounting for more than 50% of the worldwide market in 2010. The adverse weather conditions during 2010 throughout Europe adversely affected the sales of crop protection products in the region, particularly in France and Germany, which are also the largest markets in Europe. The Asian market benefited in 2010 from growth in the Indian and Chinese crop protection markets. Further, the crop protection market in Latin America also witnessed growth during 2010 over the prior year. The increased rainfall provided relief to drought stricken Argentina which in turn resulted in increased usage of crop protection products in the region.
There is growing concern about ill effects about indiscriminate use of plant protection chemicals that has given rise to a process of development of new, eco safe chemicals to meet rising market demand. A significant part of world food production is lost due to plant diseases and pest. Use of chemicals, pesticides, and innovative plant protection products are sure to increase to feed increasing world population.
With rising global GDP, investment in agro activities and agricultural inputs increases and further drives the growth of agricultural protection products market. With declining arable land, more use of agrochemicals becomes indispensable to achieve higher yields per unit of land and to reduce storage losses. Like in other sectors, presence of fake pesticide products in the market poses a real challenge to meet the market demand for effective products. Scientific advancements, regulatory measures and awareness among users are being pressed forward by the people concerned to address this challenging situation.
The crop protection market all across the globe is characterized by intense competition, with numerous large, small, and regional players operating in the market. The companies manufacturing crop protection products compete mainly on the basis of quality, performance of products, and constant innovation. Syngenta, BASF, Bayer CropScience, and Dow AgroSciences are the leading players in the global crop protection market.
ABOUT THIS REPORT
The report analyzes the global crop protection market and covers major regions, like the US, Argentina, Europe, Germany, France, the UK, China and India. It discusses the key drivers and challenges in the market. This report also profiles the major players with a discussion of their business strategies.
By combining SPSS Inc.'s data integration and analysis capabilities with relevant findings, the future growth of the industry has been predicted. Various significant variables that have an impact on this industry and created regression models with SPSS Base have been used to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.