Pesticides are typically substances that are used to control pests. They are a line of products within the agrochemicals industry that is used to preserve crop quality. The term pesticides encapsulate a range of substances from herbicides, insecticides, nematicides, rodenticides, etc. Due to their function, pesticides are also called plant protection products or crop protection products. An example of the same is the fungus, Alternaria solani which is used to combat aquatic weed called Salvinia.
The question, “What are pesticides?”. Covers a wide range of economic and agricultural functions. During the Green Revolution, these chemicals were used to bolster crop growth. Pesticides can be both chemical or biological reagents that can be used to deter or incapacitate pests. Some of the target pests include plant pathogens, weeds, mollusks, fish, insects, microbes, etc.
Global Pesticides Market Outlook
The Global Pesticides Market is expected to grow in the coming period. Regions like APAC, NA, and EMEA are anticipated to boost market growth. The rise in consumption of agriculture-based products is due to the increased purchasing power of the population. Moreover, APAC is home to sub-regions like China and India. The number of food and beverage-based start-ups within this region has been increasing.
The overall change in trends for this regional market can be obtained via Chemical Market Forecast. The boutique market research firm specializes in the Chemical Domain.
Technology-based trends and Household Pesticides
Pesticides have a very high toxicity level which in turn leads to the eradication of harmless insects and bacteria. Some insects are essentially useful for plant growth which are also exterminated by chemical pesticides. For instance, earthworms add to soil fertility.
Moreover, countries across the world have been promoting organic crops as opposed to synthetically produced substances. Sustainable farming practices have been increasing across global markets. The increased adoption of green technology brings the marketeers a step closer to a circular economy. Chemical Market Forecast’s market research reports can be used to study the upcoming technologies in the Global Pesticides Market.
Chemical Market Forecast states that researchers have also been focusing on domains like nano-insecticides. These products are highly selective and can preserve insect life as well as soil quality. The efficiency associated with this technology also reduces product usage for insecticides on agricultural pastures.
In terms of the herbicide market, several countries have banned synthetic herbicides like glyphosate which release harmful toxins in the environment. Alternatives to Glyphosate are being developed by companies across the world. For instance, in the year 2016 Syngenta AG developed a herbicide known as Acuron. This herbicide was used to treat weeds within a corn cultivation pasture. The expanding research within the herbicide segment has bolstered its growth within this market. As of 2019, herbicides accounted for 52% of the revenue generated by the global pesticides market.
Pesticide Spray and its impact on the Global Pesticides Market:
Pesticides are manufactured in three forms, namely: Solid, Liquid, and Granular. Liquid pesticides account for a larger share of the market owing to the ease of application associated with this product. A pesticide spray is hence used to promote safe usage and adequate application of liquid pesticides. Pesticide Spray allows the user to apply the chemical externally to the surface of the plant. Hence the applicator allows safe application as well as dispersion of the product. The Pesticide Spray Market can be studied via the market research reports procured from Chemical Market Forecast. This market research firm produces dynamic solutions and recognizes potential high-growth markets for verticals like Pesticide Spray.
Pesticide spray account for a key segment of the value chain for the pesticides market. Mechanical pesticide spray is one of the most conventional types of pesticide applicators that are used within this market. Hydraulic sprayers consist of a tank, a pump, a lance (for single nozzles), and a nozzle. The number of nozzles on the pesticide spray depends on the area of application.
Early Global Pesticides Market:
In the 19th century, Paul Muller discovered that DDT could be used as an insecticide. The US market was dominated by chlorinates like the pesticide DDT. These products were replaced in the US by organophosphates and carbamates in the year 1975.
Pesticide DDT and its harmful side effects
Later, in the 1960s it was discovered that pesticide DDT was preventing fish-eating birds from reproducing. Hence pesticide DDT was banned as it hampered environmental biodiversity under the Stockholm Convention on Persistent Organic Pollutants. Pesticide DTT is still used in developing countries as a mosquito repellent. Although, awareness regarding the harmful side effects of the same has started percolating amongst the overall population of Tier II and Tier III cities as well as rural districts. The high toxicity level associated with pesticide DDT was the key factor the contributed to its market deterioration. Pesticide DDT and its market can be studied by the team of Chemical Market Forecast. The market research firm has a team of esteemed members in the Chemical Industry thus providing cutting-edge solutions.
Amount of pesticide used in Global Pesticides Market:
In 2006-2007, the worldwide consumption of pesticides was recorded to attain a value of 2.4 megatonnes. Herbicides contributed to 40% of this value followed by insecticides and fungicides that accounted for 17% and 10% respectively. The US utilized 0.5 megatonnes of pesticides in the year 2007. This US contributed to 22% of the world pesticide usage in the year 2007, this value included 857 million pounds of conventional pesticide. A survey performed in the year 2012 indicated that a majority of households within the US make use of pesticides. 88 Million out of 121.1 mIllion households indicated that they made use of pesticides. The change in pesticide consumption can be studied via the market research reports obtained from Chemical Market Forecast.
Depleting reserves of arable land amongst countries is another factor that bolsters the use of synthetic crop enhancers. The population has also started making use of farming practices like terrace farming as well as irrigation to boost the growth associated with this market. Integrated Farm Management is another practice that has extensively supported the crop’s market.
On making a comparative study, it is seen that the use of insecticides has declined by more than half since the year 1980. The reduction rate in terms of the usage of insecticides was seen to be 6% per year. This change in trend was due to the near phase-out of organophosphates. The decline in terms of the use of insecticides on the cornfield was a key contributing factor to the reduced use of this product. This change in trend was due to the switchover to transgenic Bt corn.