Global Specialty Pesticides Market: Overview
Pesticides are a vast variety of chemicals used for the prevention, management, or destruction of pests capable of causing plant diseases and causing disturbance to the normal growth and development of plants, thereby dropping its aesthetic or economic value. Plant diseases are usually caused by living agents such as parasitic plants, micro-organisms, and insects, and by non-living factors such as chemical substances or faulty nutrition. Pesticides are used to culminate the effect of living or biotic agents such as insects, fishes, and mammals. As obvious from the name, insecticides only affect insects and herbicides affect only herbs, making these two the subgroups of pesticides
Many other varieties of pesticides besides insecticides are available in the market, including algaecides, fungicides, rodenticides, and bactericides. Specialty pesticides are specifically used for controlling microbes, invasive species of fishes, and other pests.
This report on the global market for specialty pesticides presents a thorough overview of the global specialty pesticides market. The report also includes an exhaustive forecast covering all the key segments of the market and their scope of growth at the regional and global levels. The report forecasts the growth prospects on the basis of volume (kilo Tons) and revenue (US$ Mn/Bn) over the period between 2016 and 2024. The report also analyzes in detail the overall impact of factors such as drivers, restraints, regulatory framework, trends and opportunity, and competition on the future growth prospects of the global specialty pesticides market.
Global Specialty Pesticides Market: Drivers and Restraints
As the global population continues to grow, the demand for food and the resultant need for more food crops is also significantly rising to meet this growing demand. This has increased the focus on ways of improving crop yield, of which the use of pesticides is one of the most popular. The global usage of specialty pesticides has continued to rise owing to these factors and will embark upon a path of healthy growth in the next few years as well.
However, specialty pesticides being synthetic chemicals, their remnants have harmful impact on the health of the environment and living organisms. Concerns regarding this factor are expected to be the key restraint arresting the overall growth of the market to a certain extent.
Presently, the leading consumers of pesticides are some of the developed regions including North America, Western Europe, and developed countries such as Japan in Asia Pacific. Herbicides dominate the markets in these regions. Developing economies such as India, China, and Singapore presently lag in the use of pesticides. In these regions, insecticides are prominently used as most marketed varieties are no longer protected by patents, making them cheap as compared to herbicides and fungicides.
The study provides a decisive view of the global specialty pesticides market by segmenting it in terms of criteria such as product type and application. These segments have been examined on the basis of present and future trends. Regional segmentation of the market includes current and forecast demand for specialty pesticides in regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Specialty Pesticides Market: Competitive Landscape
The report includes data that has been gathered with the help of primary and secondary research methodologies such as personal interviews with industry experts and commentators on an ongoing basis to validate data and market analysis. The report comprises a thorough analysis of the competitive landscape of the global specialty pesticides market wherein detailed business profiles of key market participants and data related to recent developments in the market is included.
Some of the key players operating in the global specialty pesticides market are BayerSyngenta, BASF, DOW, Monsanto, Arysta Lifescience, Sumitomo Chemical, DuPont (USA), and Makhteshim Agan.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.