Consumption of pesticides in fruit and vegetable crop applications is likely to sustain modest CAGRs of 5.86% over the 2017-2022 analysis period. The global market value would reach USD 24 billion by 2022 from USD XX billion in 2017.
Fruits and vegetables based pesticides are the second largest segment of the crop-based pesticides, accounting for nearly XX% share of the crop-based pesticides market. Fungicides were the largest segment among herbicides, insecticides and other chemicals and the same will remain the largest by 2022. Maximum no. of pesticides are used in Banana and due to monoculturing, fruit get affected by many fungal diseases. Among vegetables, potatoes have the maximum global production of 376 Million tons and the vegetable also accounts for maximum pesticide use. Fungicides forms the largest category of chemicals used under this segment, followed by insecticides.
Asia-Pacific and Latin America are slated to emerge as the fastest growing markets for pesticides in fruit and vegetable crop applications, while North America and Europe would lag behind in this area. Despite a general trend towards vegetarianism gaining in prominence, the Western world has yet to adopt full-fledged vegetarian diets to a large extent. In Asia-Pacific, India is home to the largest number of vegetarians globally, which has been a major factor in continued demand for fruits and vegetables. However, specific fruits and vegetables have been implicated in increasing sugar levels of individuals, which can have serious consequences for diabetics. This factor has played a crucial role in curbing demand for fruits and vegetables in developed regions that have a large population of such individuals.
Key Deliverables in the Study