Use of generic crop protection products continues to increase for many agronomic crops. In most situations generic products have the same active ingredient as brand name products and will perform identically. Generic crop protection products must be approved by the Environmental Protection Agency (EPA).
Low price of generic crop protection products compared to brand name products is a major factor boosting growth of the global generic crop protection products market over the forecast period. For instance, Roundup WeatherMax is priced around US$ 93 per gallon while generic glyphosate with a surfactant can cost around US$ 42.00 per gallon.
Increasing approval of generic pesticides is also expected to aid in growth of the market. For instance, in November 2019, the Brazilian Ministry of Agriculture approved the use of 55 generic pesticides. Among the generic pesticides registered, 12 are biological or organic products that can be used in both organic and traditional agriculture and glyphosate was one of the authorized generics. Moreover, in May 2019, the U.S. Environmental Protection Agency issued an interim decision reaffirming that the herbicide glyphosate is not carcinogenic. Several companies use glyphosate in generic herbicide formulations. It is the active ingredient in Monsanto’s Roundup, now produced by Bayer.
However, increasing adoption of genetically modified crops is expected to hinder growth of the global generic crop protection products market. Moreover, increasing concerns regarding the harmful impacts of plant protection products such as pesticides and herbicides on the environment is also expected to hinder growth of the market. For instance, in December 2018, researchers from the University of Guelph reportedly suggested stronger pesticide regulations to solitary bees and bumblebees.
Major players in the market are focused on product launch to expand their product portfolio. For instance, in September 2019, Atticus, a branded-generic manufacturer of plant protection products, launched 17 new soybean herbicides under three product families, Aquesta, Zaltus, and MetalliS.
Key Takeaways:
• Low price of generic crop protection products compared to brand name products is a major factor augmenting growth of the global generic crop protection products market
• Increasing concerns regarding the harmful impacts of plant protection products such as pesticides and herbicides on the environment is expected to hinder growth of the market
• Major players operating in the global generic crop protection market include Syngenta, Bayer Crop Science, BASF, Dow Agro Sciences, Monsanto, DuPont, Adama, FMC, UPL, Nufarm, Sumitomo Chemical, Arysta LifeScience, Albaugh, Sipcam-oxon, Wynca Chemical, Zhejiang Jinfanda Biochemical, Huapont, and Fuhua Tongda Agro-Chemical Technology
with the slowdown in world economic growth, the Generic Crop Protection industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Generic Crop Protection market size to maintain the average annual growth rate of 0.0356215542647 from 36600.0 million $ in 2014 to 43600.0 million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Generic Crop Protection market size will be further expanded, we expect that by 2023, The market size of the Generic Crop Protection will reach 51200.0 million $.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume, and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment, etc. cover different segment market sizes, both volume, and value. It also cover different industries' client's information, which is very important for the manufacturers. If you need more information,
Section 1: Definition
Section (2 3): Manufacturer Detail
Syngenta
Bayer Crop Science
BASF
Dow Agro Sciences
Monsanto
DuPont
Adama
FMC
UPL
Nufarm
Sumitomo Chemical
Arysta LifeScience
Albaugh
Sipcam-oxon
Wynca Chemical
Zhejiang Jinfanda Biochemical
Huapont
Fuhua Tongda Agro-Chemical Technology
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
-- Herbicide
-- Fungicide
-- Insecticide
-- Plant Growth Regulator
Industry Segmentation:
-- Cereals & Grains
-- Fruits & Vegetables
-- Oilseeds & Pulses
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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