Grain and cereal crop protection: Key market research findings
- Changes in the farming practices drive market growth
- Americas dominate the market geographically
- Key vendors—BASF, Bayer CropScience, Dow AgroSciences, FMC, and Syngenta
Technavio’s market research analysts predict the global grain and cereal crop protection market to grow at a CAGR of almost 6% between 2016 and 2020. Revolutionary changes in farming practices are the fundamental driver for growth in the crop protection market. Semi or fully mechanized systems and other technologies such as motorized equipment, modified housing for animal husbandry, and biotechnology is increasingly implemented in agriculture practices to help increase the crop yields. In 2015, the Americas dominated the global grain and cereal crop protection market by accounting for over 40% of the overall market share. The need for increased productivity due to a decrease in arable land is expected to boost growth in the grain and cereal crop protection market in this region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the grain and cereal crop protection segments based on type.
“The latest trend in the market is the rise in sustainable agriculture. The growing use of pesticides, herbicides, fungicides, GM technology, and other advanced techniques are enhancing crop yields across the globe. However, the adverse effect these agricultural chemicals have on the population and environment is shifting the focus to economic, social, and environmental sustainability. As a result, several companies are investing significantly in the eco-friendly organic farming business unit to improve their profit margin and stay in the competitive market,” Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research.
The herbicides segment accounted for more than 64% of the market share to dominate the global grain and cereal crop protection market in 2015. North America and Europe are the primary consumers of this segment with glyphosate, triazines, and sulfonylurea being the most commonly used herbicides. The introduction of new herbicidal active ingredients is expected to trigger an increase in demand and thereby boost growth in the herbicide market by 2020.
The key vendors in the market are BASF, Bayer CropScience, Dow AgroSciences, FMC, and Syngenta. The market is characterized by the presence of numerous local, regional, and international vendors. The global players dominate the market with their advanced product portfolio. The local vendors compete with these players by sales network, price, product portfolio, quality, and technology. The competitive environment in this market will intensify during the forecast period with an increase in product portfolio, technological expertise, mergers and acquisitions, and agreements. The introduction of energy-efficient agricultural technologies in developing countries provides immense growth opportunities for the market players to increase their market shares.
A more detailed analysis is available in the Technavio report, Global Grain and Cereal Crop Protection Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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