Monday, 30 May 2016

Specialty Pesticides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Pesticides are the chemicals which are used for preventing, mitigating or destroying pests. These pesticides are used to kill or dampen the growth of pests. Specialty pesticides are used to improve the quality of health. Insecticides help prevent the destruction of crops from insects resulting in proper growth of the crops. Depending on the types of pests, there are different pesticides available that include Organophosphate pesticides, Carbamate pesticides and Pyrethroid pesticides. These pesticides are used in and around homes, offices and farms.

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Pesticides are generally used for killing mosquitoes, bees and ants. They are also used to control the growth of algae, water grasses roadside weeds. and trees In order to prevent the loss of crops to insects pesticides are utilized. WHO (World Health Organization) has advised the used of DDT (Dichloro diphenyl Tricholoroethane) in order to combat malaria, plague, typhus and sleeping sickness. The records of WHO suggests that utilization of DDT has helped in saving approximately seven million lives.

The consumption of pesticides have been over five million pounds with herbicides being consumed the most followed by insecticides and then fungicides. In many of the countries sale and use of pesticides are regulated by the government agencies. The primary driver for the market is ever growing population. The increasing demands of the growing population such as foods have resulted in the use of pesticides which yields better cultivation. Pesticides have also created job opportunities for the people working in the industry. It has created vacancies for bio-medical engineers and labors. It is complemented with continuous innovation that has created opportunities in the research and development cell.

The major consumers of pesticides are some of the developed countries including North America, Western Europe and Japan. Herbicides dominate the markets in this region. The developing countries such as India, China, and Singapore among others lag in the use of pesticides. Insecticides are prominently used as it is no longer protected by the patent making it cheap as compared to herbicides and fungicides.

BayerSyngenta, BASF, DOW, Monsanto, Arysta Lifescience, Sumitomo Chemical, DuPont (USA), Makhteshim Agan are some of the major companies that deal in the manufacturing of specialty pesticides.

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