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The amount of crops cultivated for human consumption is at risk because of pest’s attacks, specifically weeds and pathogens. The pre-harvest losses due to these harmful pests can be prevented or reduced by the use of agriculture crop pest repellents. The agriculture crop pest repellent has been developed for the deterrence and control of crop losses due to pests in the field and during storage of the crop.
The agriculture crop losses caused due to pests, pathogens and viruses can reduce existing production of food and cash crops globally which is predicted to boost the demand for pest repellents in the forthcoming years. The prominent players operating in the market are embarking on the new product launch and mergers and acquisitions of local or niche players to increase their market prominence. For instance, In January 2019, Control Solutions Inc., a solely owned subsidiary of Adama, announced the acquisition of Bondie Products Inc. U.S based company. This acquisition is predictable to help Control Solution Inc. to expand its pest control products portfolio.
Pests and pathogens have reduced the productivity of plants since the beginning of agriculture practices, and growers have been searching for techniques to protect their crops from these harmful organisms which is predicted to boost the sale of agriculture crop pest repellents. Furthermore, the deepened threat of higher crop losses due to pests has to be countered by improved crop protection methods such as integrated pest management. The increasing adoption rate of integrated pest management in both developed and developing countries for long term and sustainable agriculture yield is predicted to boost the demand for agriculture crop pest repellents. The deterioration of land productivity due to several reasons such as salinization, soil pollution, and compaction has majorly affected the crop production. The forecasts for bringing additional good quality land under crop cultivation are partial. Therefore, growth in agricultural production has to come from productivity increases which can be achieved by the proper use of agriculture crop pest repellents. Moreover, the manufacturers are focused on the research and development of more environment-friendly agriculture crop pest repellents which is predicted to positively impact the sales of pest repellents.
Key Market Driver -
Increasing Pre-harvest Losses of Crops Due to Pests
Key Market Restraint -
Stringent Rules and Regulations Regarding the Launch of Pest Repellent Products
The rigorous and stringent rules and regulations regarding the launch of new agriculture crop pest repellent product and complicated registration process for the same are predicted to restrain the market growth.
The prominent players operating in the global agriculture crop pest repellents market are FMC Corporation, Rentokil Initial Plc., ADAMA, Bell Laboratories Inc., Corteva, Sumitomo Chemicals Co. Ltd, BASF SE, Bayer Cropscience, Syngenta AG, and Others.
The chemical pest repellents are predicted to hold significant share in the global market of agriculture crop pest repellents. The demand for chemical pest repellents is increasing due to their cost effectiveness, relatively fast action, ease of application, and easy availability. However, the growth in pest resistance against chemical pest repellents is predicted to boost the demand for biological pest repellents. The biological pest repellents possess less effect on human health and environment which is predicted to boost the demand for biological pest repellents.
The demand for insecticides is predicted to remain high in forthcoming years. The climate across various regions such as Asia Pacific is favorable for the breeding of many insects and support their faster development and survival. Therefore, the increasing incidence of pre-harvest crop losses due to insects is predicted to boost the demand for insecticides. Liquid form of the agriculture crop pest repellent is expected to witness significant growth in the global market. Liquid form consists of soluble products used to eliminate pests and pathogens. Liquid is generally sprayed over the preferred land area using sprayers. The ease of application offered by liquid pest repellents is predicted to positively impact the sale of the liquid pest repellent products. Moreover, solid form of the pest repellents includes the usage of powder and pellets to control rodents and other pests. It is the safest form to use due to its ease of sprinkling which is expected to increase the sale of solid form of the pest repellents.
North America is predicted to hold a prominent share in the global agriculture crop pest repellents market. The increasing demand for sustainable agriculture products coupled with the higher efficiency of pest repellents in terms of application are predicted to drive the market within North America. Moreover, the presence of prominent market players such as Corteva, FMC Corporation, and others in the region is expected to further propel the market growth.
Asia Pacific is predicted to grow at significant pace in the global market of agriculture crop pest repellents. The increasing pre-harvest losses of crop and declining food production because of insect, rodents, cockroaches, and other pest is expected to positively leverage the pest repellents products market. The rising awareness regarding the benefit of pest repellents as a crop protection practice coupled with the increasing availability of pest repellents products in the region is expected to drive the market within the region.
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