Pesticides
are substances that are meant for destroying, attracting, or
mitigating any pest. They are effective forms of chemicals that
control and eliminate the growth of the insects, fungi, herbs, and
other organisms that are harmful for crop cultivation, resulting in
reduced crop yield per hectare.
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According
to The Environmental Protection Agency (EPA), pesticide is an element
derived from natural materials such as plants, animals, bacteria, and
certain other minerals. The term pesticide is often treated as a
synonymous to plant protection products, although in a broader
perspective it is used for non-agricultural purposes also. There are
many microorganisms such as virus, bacteria, fungus, or microscopic
nematode worms that are used in various agricultural practices in
order to control or completely destroy the pests that inflict the
growth of the plants.
Global
Need for Pesticides Market
For
years, there has been a global debate over the use of pesticides in
agriculture, environment, and biodiversity, as to whether it has both
positive and negative impact on humans or plants.
However,
with the increased environmental awareness and the risk of health
hazards and pollution from several conventional pesticides, the
demand for nature-based pesticides market has been steadily rising in
different parts of the world. For instance, some of the nature-based
agents used as pesticides include predators (e.g. lacewings, lady
beetles), bacteria, fungi, and viruses.
Due
to such circumstances, there is an extreme need for comprehensive
study on pesticides market that covers aspects of demand trends,
technology involved, investment levels, and other project
opportunities.
These
are contributing factors that have also given birth to a number of
research centers across the globe encouraging bio-medical engineers
and skilled labors to undertake research aimed at improving and
enhancing bio-pesticides and related products in the global market.
Based
on the kind of pest control, the pesticides market is sectioned into
various categories namely; herbicides, insecticides, fungicides and
other pesticides that include nematicides, fumigants and other
miscellaneous conventional pesticides. This list of categorization
also includes other chemicals used as pesticides such as oil, sulfur,
and sulfuric acid.
Pesticides
Market – Global Analysis & Nature of the Field
According
to a study conducted by industry best research analysts, the
collective revenue of Japan, India, and China’s pesticides market
reached USD11.7 billion in 2011 and is expected to reach USD 16.2
billion by 2016, growing at a CAGR of 6.8% from 2011 to 2016. Japan
is expected to be the second largest pesticide market after China by
2016.
The
pesticides market is dynamic in nature consisting of a number of
pesticides products available for use in crop protection. Due to the
rapidly expanding global population, the demand for crop protection
products is mainly driven by the need for greater yields to satisfy
the increasing needs on food resources. The ever growing population
is the primary growth driver for this market. This has caused a
growing demand for bio-pesticides in the market, which have resulted
in the emergence of new market players, thus increasing competition
on a global platform. As a result, manufacturers in the pesticides
market have developed an increasing awareness towards developing and
producing safe, low-toxic, and high-effective bio-pesticides for pest
control activities.
Pesticides
Market - Geographic Areas
Considering
the geographic areas active in the pesticides market, some of the
major consumers of pesticides and related chemicals are seen in the
developed countries including Japan, Western Europe, and North
America. However, some other developing countries such as China,
India, and Singapore are the next upcoming countries that will
implement the use of pesticides on a wide scale.
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