According to the findings by the Foundation of Netherlands Volunteers, the global fruits and vegetables market, a segment of the horticulture industry, worth $3.17 billion by the end of 2018. With 2 billion people suffering from malnutrition, the global horticulture industry will observe further growth between 2019 and 2025 in order to fulfill the nutritional requirements of undernourished people. This growth in the horticulture industry worldwide will create lucrative opportunities for the players in the horticulture chemical industry market that witnessed a valuation of $21,156m as of 2018. Furthermore, the demand for horticulture chemicals is expected to escalate at a CAGR of 4.20% during the forecast period 2019-2025, as documented in a recently published market intelligent report by IndustryARC.
The horticulture chemical industry market research report is comprised of all the facts, figures, and statistics pertaining to the market. Furthermore, the report also provides a peek into the growth drivers and business opportunities in all the segments along with trends that are disrupting the horticulture chemicals market. The report is titled, “Horticulture Chemical Industry Market: By herbicides (killing weeds), By insecticides, By fungicides, By soil treatment, By form, By Geography – Forecast (2019-2025).”
Horticulture Chemical Industry Market: Geographical Analysis & Leading Segments
APAC had largest horticulture chemicals market share of 40% in 2018. China has a diverse climatic condition and soil quality, which makes it a suitable horticulture marketplace. The country produces high-quality of tropical and sub-tropical temperate fruits, vegetables, and flowers. The growing horticulture activities in China create lucrative prospects for related industries such as horticulture chemicals market. According to the Ministry of Commerce & Industry, Government of India, during 2017-2018, India exported fruits and vegetables worth $1,459.93m, and increasing adoption of horticulture products can be witnessed. In 2018, country witnessed an upsurge in horticulture produce, which created a demand influx in the horticulture chemicals market.
The key application segment in the horticulture chemicals market is gardening, which is expected to grow at a CAGR of 4.06% through to 2025. This is attributable to the fact that horticulture gardening doesn’t need large-scale plantation, and therefore, the practice is adopted by many people. The growing number of horticulture gardens is creating a demand for horticulture chemicals, which is further flourishing the horticulture chemicals market.
Horticulture Chemical Industry Market: Trends and Growth Drivers
· Global warming increasing the usage of horticulture chemicals –
Global warming is creating a favorable environment for insects that attack horticulture crops. These insects thrive on hot climate. The increasing magnitude of insects eating crops is creating a demand for insecticides such as chlorinated hydrocarbons, organophosphates, carbamate, and others. Subsequently, the rising demand for these chemicals is increasing the horticulture chemicals market size.
· The increasing frequency of plant diseases boosting the horticulture chemicals market –
Changes in weather can affect plants as they are vulnerable to light, heat, cold, draught, and excessive precipitation. Furthermore, lack of nutrition in plants and the adverse effect of pH are some other factors affecting plant’s health. Plants are also susceptible to infections caused by bacteria, fungi, and virus. Anthracnose, black knot, canker, and club root are a few diseases that occur due to fungal infections, which are increasing the demand for fungicides. The sales of fungicides is attributable to the growing horticulture chemicals market revenue.
· Bayer AG completes the biggest acquisition –
In the second quarter of 2018, Bayer AG acquired Mansanto. This will increase the organization’s horticulture chemicals market share as Mansanto’s portfolio in crop chemicals is diverse, and Bayer AG is already witnessing rise in revenue due to the growth of crop science segment.
Horticulture Chemical Industry Market: Competitive Landscape
Some of the key companies identified in the horticulture chemicals market intelligence report that are striving to capitalize on the customer-base are Bayer AG, BASF SE, DowDupont, Inc., Yara International ASA, The Monsanto Company, Agrium, Dalsem, Harnois Industries Inc., Netafim, Richel Group, Ridder, Van der Hoeven, Priva, and Certhon.
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a) Crop Protection Chemicals Market
b) Herbicides Market
c) Agrochemicals Market
What can you expect from the report?
The horticulture market in chemical industry report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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