Global Information Inc. would like to present a new market research report, "Pesticides Market : India, China And Japan Industry Analysis, Size, Share & Forecast (2009 - 2016)" by Transparency Market Research.
India, China and Japan pesticide market revenue (collective) reached USD 11.7 billion in 2011 and is expected to reach USD 16.2 billion by 2016, growing at a CAGR of 6.8% from 2011 to 2016. Japan is expected to be the second largest pesticide market after China by 2016.
Based on type of pest control the pesticides market is segmented into herbicides, insecticides, fungicides and other pesticides that include nematicides, fumigants and other miscellaneous conventional pesticides, and other chemicals used as pesticides such as sulfur, oil, and sulfuric acid. The pesticides market is highly dynamic with a large number of pesticides products available for use in crop protection.
The pesticides market in India is highly dynamic as price remains the foremost standard for pesticide adoption. Moreover, lower level of mechanization of farming activities results in higher utilization of manual and traditional pest control methods, which interns lowers the pesticide adoption in India. Unlike China, the insecticides segment is the largest pesticide segment both in terms of volume and value.
China is the largest pesticides market among the three Asian markets, both in terms of revenue and volume consumption. Herbicides segment is the highest contributor towards the China pesticides market and volume consumption and will continue to be the largest segment in China pesticide market throughout the forecast period. Fruits, vegetables and nuts crop segment was the largest consumer of pesticides and will remain so in coming years.
Increasing urbanization has resulted in faster erosion of arable land in Japan. However, increasing demand for food requires higher yield of crop per hectare. To meet the demand, farmers have started using larger volumes of pest control chemicals, resulting into faster growth of pesticides.
This report identifies the driving forces behind the India, China and Japan pesticides market and its sub-markets over the next five years. The report provides extensive analysis of the pesticide industry and also includes current market trends for better understanding of the pesticides market.