The Australian Pesticides Market expected to reach XX Million by 2020 from USD 3279.47 million in 2015, registering a CAGR of 4.54% during the forecasted period from 2015 to 2020. Crops like wheat, barley, sugarcane, canola, cotton, vegetables and fruits are largely grown in Australia and are major users of pesticides. It is second largest market for pesticides for pesticides, after china with a share of XX% of total pesticide sales in Asia-Pacific in 2015.
Overuse and reliance on pesticides in the region has been the cause of weeds and insects developing resistance to insecticides and herbicides, necessitating greater utilization of pesticides for overcoming this problem. This was particularly exemplified in the early 1990s when overutilization of insecticides gave rise to a particularly resistant form of cotton bollworm, which created havoc in Australia’s cotton industry. Crop-based applications form the largest end-use area for pesticides in Australia, as also the fastest growing.
By segment, biopesticides are likely to witness the faster growth in comparison to the synthetic chemicals due to increasing demand of regulation on crop protection chemicals by Australia for protection of citizen’s health. By application area, pesticides demand has been analyzed in terms of crop-based (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based (including turf & ornamental grass and other non-crop-based applications).
Major companies covered in the report include American Vanguard, Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, Cheminova, Chemtura Corp, Chr Hansen, Dow AgroSciences, DuPont, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Marrone Bio Innovations, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG and Valent Biosciences. The key strategies used by companies in this market are new product registrations, acquisitions to enter new markets.
Key Deliverables in the Study