A $10 billion pesticide market, these blockbuster products support a world
Cereals are important food crops, including wheat, barley, rye, oats, durum wheat, millet, sorghum, triticale, etc., and are widely cultivated in most temperate regions. Grain is an important application field of pesticides, and it is also an important force to promote the innovation of pesticide products. The market for cereal pesticides is ahead of corn and rice, ranking first in the pesticide market for food crops. Among them, the market position of herbicides is the most important, accounting for more than half of the country, fungicides have 1/3 of the market share, and the weight of pesticides is low. In order to solve the new problems that continue to arise in grain production and ensure the healthy growth and bumper harvest of grain, the grain pesticide market has gathered a large number of R&D forces and promoted product iterative upgrading, among which there are many high-profile blockbuster new products. According to Phillips McDougall's forecast, the global cereal pesticide market is expected to exceed $10 billion in sales by 2024.