Lucintel identifies and prioritizes opportunities for growth in the global pesticides industry by segment such as herbicide, fungicide and insecticide and region

According to a new market report published by Lucintel, the future in the global pesticide industry looks good with opportunities in insecticides, fungicides and herbicides market. The global pesticide industry is expected to reach an estimated $81.1 billion by 2021. The global pesticide industry is forecast to grow at a CAGR of 4.4% by value from 2016 to 2021. The major drivers of growth for this market are increasing population, limited availability of arable land, and increasing awareness of using pesticides.

In this market, herbicides, fungicides, and insecticides are the major segments of pesticides industry. On the basis of its comprehensive research, Lucintel forecasts that the herbicides and fungicides segments are expected to show above average growth during the forecast period.

Within the global pesticides industry, the herbicides segment is expected to remain as the largest market. Increasing demand for weed management and food security are expected to drive pesticides demand, which would spur growth for this segment over the forecast period.

North America is expected to remain the largest market and is expected to witness the highest growth over forecast period due to limited availability of arable land, demand for healthy diet, and priority for food safety.

For business expansion, the report suggests innovation and new product development on long lasting disease protection for crop, post infection disease control, advanced plant health benefits, and simplifying the application of using pesticide. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.

Emerging trends, which have a direct impact on the dynamics of the industry, includes development of nano-pesticides to reduce environmental pollution and development of formulated technology for weed control system. Syngenta, BASF SE, Bayer, Monsanto, and Dow Chemicals are among the major suppliers of pesticides. There are some companies that are opting for merger & acquisition as strategic initiatives for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pesticides industry by application and region and has come up with a comprehensive research report, “Growth Opportunities in the Global Pesticides Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global pesticides industry by application and region as follows:

By Application [Value ($B) shipment analysis for 2010 – 2021]:

• Insecticides
• Fungicides
• Herbicides

By Region [Value ($B) shipment analysis for 2010 – 2021]:

• North America
• Europe
• Asia Pacific
• Rest of the World

This 98-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Strategic Growth Consulting, Commercial Due Diligence Report and Business Strategy Consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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