Pesticides
can be defined as the chemical as well as biological formulations which are
tailored for utilization on agricultural land in order to eliminate a variety
of unwanted insects and pests. The pesticide is a broader category which
comprises of insecticides, nematicides, herbicides, rodenticides, etc. The
major role played by pesticides as an efficient crop-protection chemical is
boosting the growth of Global Pesticides Market at an agile rate.
Country
Insights
As per the American Farm Bureau Federation, the
American nations accounted for exporting agricultural products amounting to
USD135.5 Billion across the globe. As a result, the United States is showcasing
an overall positive agricultural trade balance and is aggressively engaged in
the production of crops to suffice the needs of world’s growing population,
thereby driving the demand for crop protection products such as pesticides.
US Agricultural Trade, By Value, 2011-16 (USD
Billion)
Source: U.S. Department of Agriculture (USDA)
Bio
Pesticides Gaining Emergence amidst dwindling demand for Synthetic Pesticides
in the United States:
The country is throwing a moderate outlook for
the growth of pesticides on account of stringent regulations and bans against
synthetic pesticides with simultaneous adoption of organic farming practices using
bio pesticides
USA Bio Pesticides Market Size, By Value, 2016
& 2026F, (USD Billion)
Source: TechSci Research Estimates
The usage of
chemical or synthetic pesticides is witnessing a declining trend owing to their
harmful impact on human health as well as environment. The volume consumption
of chemical pesticides in the United States is decreasing which is clearly
indicated by the plummeting farm income of the nation over the past years. Moreover,
the increasingly complex process enforced by US EPA for the registration of
chemical pesticides is further deterring their production & consumption.
Meanwhile,
bio pesticides are emerging as a sustainable and renewable solution for the
agricultural farmers in US. Biopesticides are anticipated to record robust
growth in the country owing to the rising home gardening practices and
increasing awareness and adoption of Integrated pest management (IPM)
techniques among farmers.
USA Pesticides Applied to Selected Vegetables
in 2016, (% of Planted Acres)
Source: U.S. Department of Agriculture (USDA)
Increasing
Trend of Organic Agriculture
The health-conscious
population in the US is escalating the sales of organic food, which is driving
the organic agriculture industry at a modest pace. As a result, the farmers are
moving away from the conventional agriculture and are demonstrating preference
towards green and eco-friendly agricultural practices. The affordability and
environment friendly nature of organic agriculture is resulting in the rising number
of certified organic farms in the country which is positively influencing the
demand for pesticides across US.
Partial List of Certified Organic Farms in US,
As of 2016
Source: U.S. Department of Agriculture (USDA)
Conclusion:
In conclusion, the Global Pesticides market
stood at USD61.84 Billion during 2016 and is expected to surpass USD100 Billion
by 2026, growing at a CAGR of 5.79% during the forecast period. The emerging
need to raise agricultural yield and crop produce to address food security
issues is primarily driving the global pesticides market. Moreover, the
adoption of GM technology, resulting in herbicide and insect resistant crop
strains are boosting the sales of pesticides worldwide. Consequently, the
decreasing arable land, burgeoning population and adoption of eco-friendly pesticides
are some of the factors which would augment the demand for pesticides globally
over the coming years
Request for Sample Report Today!