The Germany Pesticides Market expected to reach USD XX Million by 2020 from USD 2222.69 million in 2015, registering a CAGR of 4.03% during the forecasted period from 2015 to 2020. Germany is a matured market for pesticides. Wheat, Sugar beets, vineyards, fruits and vegetables are major crops of Germany and are major users of pesticides. It is relatively large market for pesticides with a share of XX% of total pesticide sales in Europe in 2014.
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 Europe. However, synthetic pesticides lead the sales of pesticides. The buying power of farmers is high and they prefer effective pesticides instead of generic ones. Leading companies such as Bayer and BASF are of German origin. Germany is the largest exporter of pesticides in Europe. It mainly exports to other European countries, Central America and South America.
By product type, market is segmented into herbicides, fungicides, insecticides and other chemicals. Herbicides accounted for 38%, fungicides accounted for XX%, insecticides accounted for XX% and other pesticides accounted for XX% of the total pesticides market in 2015. Further the products are segmented by origin, synthetic and biopesticides. 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.
Germany pesticides market has been extensively covered in a new report from Mordor Intelligence, with a focus on the major trends playing a part in shaping its future growth.
Key Deliverables in the Study