In May 2016, Pesticide Action Network Europe, together with 38 European health and environmental organizations, sent an open letter to the decision-makers of the 28 EU Member States, advocating them to vote against the cancer-causing pesticide ingredient glyphosate. This is the largest ban of consumer and agricultural use of Monsanto’s glyphosate.
The important patents of top companies, namely BASF, Bayer, LG Life Sciences, Sumitomo Chemical Co. Ltd, and Syngenta, are going to expire soon. Industry players are closely watching their patent statuses, to spot new opportunities in the business.
In 2016, China National Chemical Corp. purchased Swiss chemical and seeds company Syngenta for USD 43 billion.
Increase in the adoption of bio-pesticides, increase in the number of organizations promoting integrated pest management techniques, adoption of genetically modified (GM) crops, and growing food demand and shrinking land are the factors which are driving the growth of the market. However, the rise in the number of regions facing pesticides ban, low per capita use of pesticides in several regions, burgeoning R&D costs, and growing demand for food safety and quality, are restraining the market’s growth.
The global crop protection chemical market has been segmented based on mode of action, into fungicides, herbicides, insecticides, nematicides, molluscicides, and others. Based on origin, the market has been segmented into synthetic pesticides and bio-based pesticides. Based on application type, the market has been segmented into crop-based and non-crop-based. Other than these, a geographical segmentation has also been included - North America, Europe, Asia-Pacific, South America, and Africa. The global crop protection market was valued at USD 49.9 billion in 2016, and is expected to register a CAGR of 3.1% during the forecast period, to reach USD 57 billion by 2022.
The major companies in the sector include:
Bayer Cropscience AG
Dow Agrosciences LLC
Recent Industry Insights
Bayer CropScience plans to make further investments in innovative nematicide control tools. It closed its manufacturing facilities dedicated to carbamate and organophosphate-based products, as both strategic and economic considerations.
Dow Chemical and DuPont have come to an agreement of a merger and the merger transaction stands closed as of 2016. The combined capability of the two companies will now work towards offering a superior product portfolio and a competitive price for value. DowDuPont™ constitutes a highly productive innovation engine, poised to become the leading agriculture company.
In 2017, FMC acquired a portion of DuPont's crop protection business, which it had to divest as per European Commission’s rule regarding its merger with Dow Chemical.
Key Deliverables in the Study
Market analysis for the global crop protection chemical market, with region-specific assessments and competition analysis, including market share analysis.
Market overview, identification and analysis of the macro- and micro-factors that affect the global crop protection chemical market and also instrumental in changing the market scenario on a regional scale.
Extensively researched competitive landscape section with profiles of major companies and their market shares, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
The Report is Important for the Following Stakeholders:
Producers and manufacturers
Agricultural input companies
Enterprises operating in the industry
Traders and stakeholders operating in the sector
Investors/research institutions interested in the market
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Overview
3.2 Market/Technology Trends
4. Market Dynamics
4.1.1 Increase in adoption of Biopesticides
4.1.2 Organizations Promoting Integrated Pest Management Techniques
4.1.3 Adoption of Genetically Modified (GM) Crops
4.1.4 Growing Food Demand and Shrinking Land
4.2.1 Major Regions Facing Pesticides Ban
4.2.2 Low Per Capita Use of Pesticides in Several Regions
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