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Key Sub-Saharan African Crop Protection Chemicals MarketPublished by: Frost & Sullivan Published: Apr. 30, 2009 - 181 Pages Table of Contents
AbstractThis Frost & Sullivan research service titled Key Sub-Saharan African Crop Protection Chemicals Market provides an overview of the current crop protection chemicals market in Sub-Saharan Africa, and investigates the market structure and dynamics of the industry. It identifies the key market drivers and challenges facing the Sub-Saharan market to assess their potential impact. Strategic recommendations are included for all industry players, as well as market forecasts for this industry. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets by product segment: insecticides, herbicides, fungicides and other chemicals.Market Overview Sustainable Demand for Crop Protection Chemicals to Spur Growth in the Sub-Saharan African Crop Protection Chemicals Market Agriculture accounts for almost thirty per cent of Sub-Saharan Africa’s gross domestic product (GDP), as well as seventy percent of the population’s livelihood. Consequently, most governments are encouraging growth in the agricultural sector. All product segments in this market are anticipated to experience significant growth in the long-term, particularly in the insecticides product segment, as the weather conditions are conducive to insect growth. "On one hand, the total crop protection chemicals market is only two to four per cent of the global crop protection chemicals market," says the analyst of this research. "On the other hand, sustainable demand for chemicals, along with the pressure on farmers to provide more food for a growing population, is expected to spur market growth." However, there are formidable industry challenges such as counterfeit pesticides and negative perceptions of pesticide usage. Counterfeit products can have devastating effects on the crops and on farmers’ and farm workers’ health. "Insufficient regulations, often resulting in complete crop losses and small-scale farmers losing their income, are the cause for Illegal imports and counterfeit pesticides," explains the analyst. "The source of such pesticides is difficult to trace." Governments play a pivotal role in combating the scourge of counterfeit pesticides by enforcing stringent regulations. "Suppliers and industry regulators such as CropLife International and Agrochemical Associations should ensure product quality and reliability," concludes the analyst. "Educating and training farmers and farm workers is vital to reduce the prevalence of illegal pesticides." Get Full Details About This Report >> |
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