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World's Crop Protection Chemicals growth rates
Forecast growth of CAGR of 5.3% from 2013 to 2016
Forecast Annual revenue for 2013 is US 59.4 billion
As population grows, agriculture land shrinks in tandem and in order to meet demand of food crops, farmers has to resort to using more chemicals to keep insects at bay. Chief among the chemicals used is herbicides which is expected to grow at 6.2% from 2013 to 2016. Another chemical that is essential to keep food crop production up is fungicides which is expected to grow at 5.5% from 2013 to 2016.
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