The total crop protection chemicals market in North America and Europe is mature and is expected to grow at a moderate rate. Rapid population growth and little increase in arable land are the primary drivers for this market. Increases in meat consumption and biofuel production also are factors spurring demand for these chemicals. However, environmental concerns about the harmful effects of these chemicals have resulted in stringent regulation.
Many active ingredients, such as 1,3-dichloropropene and neonicotinoids, that were used widely are being banned, which curbs market growth. Innovations in plant biotechnology also pose a threat to the crop protection chemicals market. However, they will not greatly affect revenue in the near future. In 2010, total revenue for the crop protection chemicals market in North America and Europe was $xx.xx billion. The total unit shipment in 2010 was x.xxx billion pounds. The market has recovered from the effects of the recent economic recession and is expected to grow moderately, reaching $xx.xx billion by 2015 with a CAGR of x.x per cent.
This study covers crop-protection chemicals, a mature market experiencing intense competition. Despite the recent recession, this market has recovered quickly and is expected to grow moderately during the 2011 to 2015 forecast period due to the development of new active ingredients. The practice of seed treatment is gaining popularity and is a major reason for market growth. However, regulations are more stringent for these chemicals due to environmental and health concerns.
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