South Africa’s crop protection market witnessed majority of the demand from cereal and forage crops. Wheat, soybean, oats, sorghum, barley, dry bean, maize, ryegrass, triticale are some of the major crops produced in the country. The demand for pesticides was the highest followed by bio-pesticides in almost all the major crops. The key growth drivers of the crop protection market have been the increase in domestic consumption and export of crops and food products to other African countries. The competition in the local market has been intense due to the presence of a large number of local and global players producing high quality crop protections products.
The South African crop protection market has number of global and local players that are gradually expanding their business into country. Increase in organic farming culture is gradually increasing the demand for bio-pesticides in the country. Companies are introducing newer products in the market that result in higher yield of crop. Farmers in the country are gradually becoming aware about the negative-impacts of pesticides and are choosing products that are environment friendly and have minimum impact on human health. The increase in net farm income has attracted more people towards farming in the country which has resulted in growth of the overall farming sector. This increase in overall farming activities in the country has also supported the growth in the crop protection market in South Africa.
The report titled “South Africa Crop Protection Market by Type (Pesticides (Herbicides, Insecticides, Fungicides, others) and Bio-pesticides (Bio-chemical pesticides, Microbial Pesticides, others)) by Crop Type (Cereal, Vegetable and Forage Crops) – Outlook to 2022” by Ken Research suggested a growth at a positive CAGR in revenues in South Africa Crop protection market in the next 5 years till 2022, due industry friendly policies of the government and increase in demand for crops by the increasing population of the country.
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Ankur Gupta, Head Marketing & Communications