UK Pesticide And Other Agricultural Chemicals Market Report 2017

UK Pesticide And Other Agricultural Chemicals Market Report 2017

  • October 2017 •
  • 50 pages •
  • Report ID: 5169766
UK pesticide and other agriculture market is the seventh largest in the world. It currently has about 1.0% share of the global pesticide and other agricultural chemicals market. The market in UK grew at a CAGR of 5.38% in the historic period and is expected to grow at a CAGR of 5.26 % in the forecast period.

Herbicides was the largest segment in the pesticide and other agricultural chemicals market with a 54.5% share of the market, worth $0.8billion. Fungicides was the second largest segment with a 41.5% share of the pesticide and other agricultural chemicals market. Insecticides was the third largest segment with a 4% share of the pesticide and other agricultural chemicals market.

Safety Regulations Leading to Product Development
Companies in the insecticides industry are developing new products and improving product composition to make them safer for workers, farmers, plants, and the soil. Every year, companies globally introduce new products or brands to cater to different sets of audiences, insects, and industries. This translates to changes in the base solution, mode of application, and residue formation of the insecticide. For instance, in 2017, Marrone Bio Innovations, Inc. developed Venerate XC, a chemical user-friendly liquid microbial-based solution, which is to be used as an integrated pest management (IPM) with a minimal four-hour re-entry interval (REI), and is under the MRL (maximum residue level) tolerance. The product is also non-toxic to fish, birds, and honeybees . In 2017, the Pesticide Registration and Control Division (PRCD), Ireland and the EU approved Isoclast, a new insecticide developed by Dow AgroSciences .
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Country=UnitedKingdom Industry=Pesticide ParentIndustry=Agribusiness Date=201710 Topic=MarketSize Publisher=TheBusinessResearchCompany Price=1000