The Grain and Cereal Crop Protection Chemicals (Pesticides) Market has been estimated at USD 24578.98 million in 2015 and is projected to reach XX million by 2020. Among all Crop-Based applications of Pesticides, Grains & Cereals corner the largest market share and it estimated to grow at CAGR 5.97% during 2015-2020. It is forecasted that this segment will remain the largest segment by 2020.
Increasing global population is causing more pressure to enhance the cereal production worldwide, hence leading to more use of pesticides in this segment. Grains and cereals accounts for the largest product category among crop-based as well as non-crop based pesticides. Among grains and cereals herbicides form the largest and the fastest growing category.
Production and yield of cereals & grains present vastly contradictory figures when the worldwide data is compared to data from developed and developing regions. For instance, between 1993 and 2020, global land area used for producing cereals & grains is expected to witness a growth of 0.25%, while yield is projected to increase by 1.3%. In developed countries, the situation varies considerably over the same period, with producible land area growing by a mere 0.1% and cereal & grain production likely to grow by 0.9%. Land available for planting grains & cereals in developing regions is quite substantial, which is expected to grow at the fastest rate of 0.35% during the aforementioned period, with yield also projected to maintain the fastest growth of 1.6% in this period.
Key Deliverables in the Study