Description
By application area , crop-based end-uses of pesticides are likely to maintain the fastest growth in terms of volume consumed and value demand during the similar period , and retain the leading raking in terms of largest application area . The worldwide consumption of Pesticides in Crop-Based applications is the largest , estimated at 1.9 million tons in 2014 . Principal sources of oils derived from seeds include palm , soybean , rapeseed ( canola ), sunflower seed , peanut , cottonseed , palm kernel , coconut and olive . Utilization of pesticides for protecting oilseed crops from a variety of infestations constitutes the fastest growing application area , with a 2015-2020 volume CAGR of 6.6 % and value CAGR of 7.3 %.
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Production levels of oil sources have a direct correlation with consumption of oils derived from them , with consumers in some regions being highly specific in regard to the cooking oil to be used . Pesticides have played a positive role in controlling various forms of diseases caused through a range of sources in promoting growth of oilseed-bearing crops . Increased demand for restricting damage to crops has necessitated greater use of various kinds of pesticides for controlling or eliminating weeds , insects and fungi . Several developments across various formats of pesticides have been successful in countering highly resistant forms of infestations , and this trend is likely to continue into the future , too .
Factors driving the markets for pesticides applications in crops include improving crop yields to meet the requirements of increasing population and decreasing arable lands . On the other hand , regulatory authorities such as EPA ( Environment Protection Agency ) frequently come up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption , which is expected to be instrumental in slowing down growth in demand for synthetic pesticides . In addition , several highly toxic pesticides have either been banned or are in the process of being phased out , thereby opening new avenues for growth in demand for Biopesticides
This report provides segmentation based on application type viz Herbicides , Insecticides , Fungicides and Other Synthetic Pesticides , while categories of Biopesticides include Bioherbicides , Bioinsecticides , Biofungicides and Other Biopesticides . Synthetic pesticides dominate the global scenario in terms of volume consumption and value demand , though Biopesticides are slated to register faster growth in both these parameters over the 2015-2020 analysis period . In terms of regional demand , North America would continue to be dominant for consumption of pesticides in oilseed applications , while Asia-Pacific would record fastest growth . Growing population in developing regions that require adequate sustenance would propel the growth of pesticide use in this key application area .
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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
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