Buzzing around: Growing crop areas planted for biofuel purposes will likely sustain revenue growth
Pesticide Manufacturing in the US
Operators in the Pesticide Manufacturing industry produce chemical and pesticide products to manage pests and diseases. Over the five years to 2019, companies have largely stagnated, stymied by volatile demand that has led to a reduction in industry product purchases from the agricultural sector. This industry is very volatile. Due to a drop in demand from crop production, revenue is estimated to decline during the current period. Over the five years to 2024, industry revenue is expected to increase. Historically, agricultural output and income levels have been the most important determinants of industry demand; however, new variables have emerged in recent years, to the detriment of pesticide manufacturers. These factors include the flow-on effects of biotechnology developments and the growing size of areas dedicated to GM crops. Despite these potential threats to the industry, increases in the size of crop areas planted for biofuel purposes (e.g. corn, wheat and rapeseed acreage) will enable the industry to sustain growth.
Operators in this industry manufacture household and agricultural pest control chemicals. Industry products include pesticides and agricultural chemical products, such as herbicides, insecticides, fungicides, insect repellents, sheep dips, fly sprays and flea powders. This industry does not manufacture fertilizers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of contents
ABOUT THIS INDUSTRY
INDUSTRY AT A GLANCE
Key External Drivers
Industry Life Cycle
PRODUCTS & MARKETS
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
JARGON & GLOSSARY
UPL Corporation Ltd.
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