Reportlinker Adds World Pesticides Market

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Aug 31, 2010, 01:10 ET

NEW YORK, Aug. 31 /PRNewswire/ Reportlinker.com announces that a new market research report is available in its catalogue:

World Pesticides Market

http://www.reportlinker.com/p0285026/World-Pesticides-Market.html

Global pesticide industry continues to find growth opportunities After a tough 2009, during which the pesticide market declined, the $45 billion global pesticides industry is expected to recover and register modest growth. However, a difficult pricing environment and market maturity will substantially limit gains -- especially for some of the most widely used products. Nevertheless, and despite the fact that pesticides are already used in essentially every country in the world, there is still considerable upside in the global pesticide market. Developing areas offer most promise The large and established markets of North America and Western Europe are expected to post below-average growth in the coming years, mainly due to market maturity and efforts to limit unnecessary usage of pesticides, such as restriction of commercial and consumer pesticide application in some Canadian municipalities. The same sluggishness is expected for the large, developed Japanese market. However, many countries in the Asia/ Pacific region are projected to post strong growth. Above-average growth in agricultural output in China, Indonesia and Thailand, for example, will boost growth for crop protection chemicals. Moreover, pesticide use in India and other less developed countries is becoming more common, creating growth in areas where there had previously been little or no pesticide usage. The emerging agricultural powerhouse, however, is in Central and South America. Brazil, already one of the world's most potent agricultural producers, is expected to post growth well above the regional average, which itself is substantially faster than the global growth average. The pesticide markets in Africa and parts of the Middle East will also register strong growth, but much of the region will remain substantially underdeveloped as a market for synthetic pesticides. Regulatory considerations continue to reshape the market Regulatory forces have a more profound influence on the pesticide industry than they do in most other segments of the chemical industry. The perpetual effort to replace environmentally damaging products with benign alternatives leads to an ever-evolving array of active ingredients. This evolution has led to drastic reductions in the use of some products, including bans on many products that were mainstays of the marketplace. As a result, growth of replacement products has been considerable. These products, such as those designated by the US Environmental Protection Agency as "reduced risk pesticides" include glyphosate, upon which the well-known ROUNDUP consumer and agricultural products are based. The US, Western Europe, Japan and a few other areas have the most stringent regulatory requirements for pesticides. However, nearly every country has some sort of regulatory framework in place that governs which pesticides can be used in specific applications. Study coverage This new Freedonia industry study, World Pesticides, is priced at $5800. It presents historical demand data (1999, 2004 and 2009) and forecasts for 2014 and 2019 by pesticide product (e.g., insecticides, herbicides, fungicides), market (agriculture, commercial, consumer), world geographic region and for 27 major countries. The study also considers market environment and regulatory factors, details industry structure, evaluates company market share and profiles global industry players such as BASF, Bayer, Dow Chemical, DuPont, Monsanto and Syngenta.