About the Grain and Cereal Crop Protection Chemicals Market
Soil erosion and land pollution are also reducing the size of arable land per person. This forces farmers to increase the crop yield from limited available land. This, in turn, increases the demand for crop protection chemicals, which helps enhance the yield and quality of crops. Pesticides are used to control pests that feed on crops and also helps regain the lost nutrients from the soil. Currently, the loss of production yield in crops such as wheat, maize, and corn due to pests is 30%-40% annually.
Crop protection products save 25% of all global staple crop from being lost due to insects, weeds, and diseases. By adopting crop protection products, the total crop yield will increase, and the number of people at the risk of hunger will reduce by more than 90 million by 2050.
Technavio’s analysts forecast the global grain and cereal crop protection chemicals market to grow at a CAGR of 5.71% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global grain and cereal crop protection chemicals market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Grain and Cereal Crop Protection Chemicals Market 2016-2020
Technavio recognizes the following companies as the key players in the global grain and cereal crop protection chemicals market: BASF, Bayer CropScience, FMC, Dow AgroSciences, and Syngenta.
Other Prominent Vendors in the market are: Agrium, Monsanto, Sinochem Group, Sapec Group, and Yara.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is positively influencing market growth is the rise in agricultural sustainability. The global agriculture industry has undergone significant changes in terms of developments in farming techniques, drip irrigation, crop protection, and soil management, increasing global crop yields. Growing use of pesticides, herbicides, fungicides, GM technology, and other advanced techniques also help enhance crop yields. However, these chemicals have been noted to have an adverse effect on the population and environment. Also, soil biology is affected due to overuse of crop protection chemicals, decreasing the potential productivity.”
According to the report, a key growth driver is the revolutionary change in farming practices. Crop rotation is a revolutionary change in maintaining and balancing the nutrients of the soil as well as aid in crop protection. By the use of this technique, soil erosion, soil fertility, and crop yield are increased. It also helps in mitigating the problem of pest that often occurs in a field if the same crop is continuously cropped. At present, farmers plant legume crops such as soybeans to replenish the required nitrogen in the soil. This allows the crop land to remain fertile for a longer duration.
Further, the report states that one challenge that could restrict market growth is the increased demand for organic farming. Organic farming is a type of green farming, which is considered to be non-hazardous to the ecosystem because it does not involve any kind of synthetic inputs such as synthetic fertilizers, pesticides, additives, and GM seeds.
BASF, Bayer CropScience, FMC, Dow AgroSciences, Syngenta, Agrium, Monsanto, Sinochem Group, Sapec Group, Yara.
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