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Technological and Product Innovations Boost Growth of North American Crop Protection Chemicals SectorSANTA CLARA, Calif., Sept. 12, 2017 /PRNewswire/ -- The mature North American crop protection chemicals market is experiencing steady growth due to population growth and increasing global food demand. The adoption of biopesticides to overcome chemical pesticide resistance, strong research and development (R&D), and merger and acquisition (M&A) activities also are fuelling market growth. Furthermore, technological innovations such as nanopesticides, exploration of epigenetics, and the advent of digital farming tools are aiding superior quality products and improved application techniques. Frost & Sullivan's research, "North American Crop Protection Chemicals Market, Forecast to 2021," finds that the market generated revenues of $13.76 billion in 2016 and is expected to reach $16.71 billion by 2021. The research identifies major industry drivers and restraints, and regulatory, product, market, and technology trends in the North American crop protection chemicals market. Segments discussed include synthetic pesticides such as herbicide, insecticide and fungicide, and biopesticides like bioherbicide, bioinsecticide and biofungicide. Market share and competitive landscape for major players such as Syngenta, Bayer, BASF, Dupont, and Dow AgroSciences are provided. Click here to schedule a Growth Strategy Dialog and discuss your strategic growth development and the growth opportunities impacting your business. "In a highly consolidated, price-sensitive market, players should look toward becoming one-stop shops for pest control solutions providers," said Frost & Sullivan >Visionary Science Global Research Director Christopher Shanahan. "Activities such as improving R&D capabilities, broadening product portfolios and creating strong biological product lines will be critical to meet diverse market requirements." Further strategic imperatives for success and growth include:
"Pesticide regulations are becoming more stringent with existing and new products scrutinizing any hazardous effects on biosystems," observed Shanahan. "Manufacturers will need to pay close attention to environmental testing in product development with integrated pest management (IPM) programs and a focus on a judicious usage of pesticides, in combination with other pest control practices, becoming more prevalent." North American Crop Protection Chemicals Market, Forecast to 2021 is part of Frost & Sullivan's Visionary Science Growth Partnership Service program. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion North American Crop Protection Chemicals Market, Forecast to 2021 Contact:
View original content:http://www.prnewswire.com/news-releases/technological-and-product-innovations-boost-growth-of-north-american-crop-protection-chemicals-sector-300518029.html SOURCE Frost & Sullivan |