Agriculture Crop Pest Repellents Market Growth, Analysis, Size, Trends, Emerging Factors, Demands, Key Players, Emerging Technologies and Potential of Industry Till 2030
The global agriculture crop pest repellents market size is estimated to showcase impressive growth owing to the increasing rate of pre-harvest losses caused by pests, pathogens, and viruses, observes Fortune Business Insights™ in its report, titled “Agriculture Crop Pest Repellents Market Size, Share & Industry Analysis, By Type (Chemical, Biological, Mechanical), By Pest Type (Insects, Termites, Rodents, Others), By Formulation (Liquid, Dry) and Regional Forecast, 2023-2030.” Pests and pathogens reduce the productivity of plants, which results in low crop yield. In order to protect plants, farmers and growers are adopting various crop protection methods, such as integrated pest management. Increasing adoption of integrated pest management in developed, as well as developing countries across regions, is increasing the demand for agriculture crop pest repellents. In addition, the manufacturers in the agriculture crop pest repellents market are investing in research and development for developing environment-friendly agriculture crop pest repellents. This is estimated to positively impact the demand for pest repellents, thereby driving the market.
The agriculture sector has been adversely affected by the Covid-19 crisis and the resultant lockdown. The labor scarcity owing to prolonged travel restrictions has affected the supporting infrastructure around the sector including storage units and processing plants. Key players in the market are developing new strategies to overcome the crises.
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Highlights of the report:
Tracking of competitive developments, such as expansions, mergers & acquisitions, collaborations, partnerships, agreements, and new product developments.
Market size with respect to five significant regions, namely, Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa.
In-depth analysis of the competitive landscape for renowned players.
Detailed information about micro markets with respect to contributions, prospects, and trends.
Increasing Pre-harvest Loss of Crops Due to Pests to Drive the Market Growth
Crop loss due to pests is a major threat to global food security. It also negatively affects the incomes of rural families who are dependent on agriculture. These factors are increasing the demand for such repellents, ultimately driving the growth of the global agriculture crop pest repellents market. In addition, deterioration of land productivity due to several reasons, such as salinization, soil pollution, and compaction, is encouraging the use of agriculture crop pest repellents, further driving the market growth.
Increasing Demand for Sustainable Agriculture Products to Drive the Market in North America
North America is predicted to hold a prominent share in the global agriculture crop pest repellents market. The increasing demand for sustainable agriculture products, coupled with the higher efficiency of pest repellents in terms of application, is anticipated to drive the market in the region. In addition, the presence of prominent market players, such as Corteva, FMC Corporation, and others, in the region is expected to further propel the market growth.
Asia Pacific is predicted to grow at a significant pace owing to the increasing awareness regarding the benefits of pest repellents in the region. In addition, increasing the availability of pest repellent products in the region is expected to further drive the market.
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New Product Launches and Mergers & Acquisitions to Increase Prominence of Key Players
Key players operating in the global agriculture crop pest repellents market are embarking on new product launches and mergers & acquisitions of local or niche players in order to increase their market prominence. For instance, in January 2019, Control Solutions Inc., a solely owned subsidiary of Adama, acquired Bondie Products Inc., which is based in the U.S. This acquisition is expected to help the company expand its pest control products portfolio.
- In November 2018, TERRAMERA announced the launch of RANGO, a new plant-based pest control product that protects vegetables, fruits, tree crops, row crops, and other crops against a broad range of plant pests and diseases.
- In December 2017, BASF SE collaborated with Mitsui Chemicals Agro, Inc. for the launch of the new insecticide compound Broflanilide. The new insecticide can be easily utilized in professional pest management services to control a wide range of pests.
List of Key Players Covered in the Agriculture Crop Pest Repellents Market Report:
- FMC Corporation
- Rentokil Initial Plc.
- Bell Laboratories Inc.
- Sumitomo Chemicals Co. Ltd.
- BASF SE
- Bayer Cropscience
- Syngenta AG
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