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Cx horticulture market by 2020 with 8% CAGR to $24.31 billion in 2020.
High demand for cost-effective but high performance horticultural pesticides across multiple geographies is driving the market growth. High-growth in Asia-Pacific region is also aiding market growth.
High costs of production and stringent government regulations on the use of hazardous pesticides in the agriculture and the stringent Pesticides and Biocides Regulation (PBR) regulations in Europe are some of the factors hampering the growth of the horticulture market.
Cx horticulture is derived from Cannabis Sativa and Cannabis Sativa L., and grows in a wide variety of soils and climates. It is typically grown in indoor and outdoor gardens and fields. Cx plants are cultivated for the recreational, medical, and industrial uses, and are also grown to make fiber, oil, and extract, which are among the world’s most important natural resources.
The Cx horticulture market is categorized into type, crop, and region.
Based on type, the market is categorized into resin and oil extraction, flower, and fiber. Crop-wise, the market is categorized into carnissalis, indica, and ruderalis. Region-wise, it is segmented into North America, Asia-Pacific, Europe, and Rest of the World.
• Growing demand for high performance horticultural pesticides across multiple geographies is driving the market growth.
• High growth in Asia-Pacific is also aiding market growth.
• High costs of production and stringent government regulations on the use of hazardous pesticides in the agriculture and the stringent Pesticides and Biocides Regulation (PBR) regulations in Europe are some of the factors hampering the growth of the market.
• High availability of skilled labor to offer support services to farmers is a key growth factor.
Market Research Design
This report covers the Cx horticulture market for the period 2014-2020 and forecasts market size for 2020. The market size is provided in terms of US$ and volume. To calculate the market size, the report comprises of various secondary sources such as a complete review of global financial databases and statistical analyses. Various assumptions were made while estimating the market size and such assumptions are explained in detail in the report.
The estimation of the market size for Cx horticulture is based on revenue and volume, and the same is explained as follows:
Market Size Estimation
The reports present the market size (in terms of US$), for the year 2015, at the global level and regional level, with respect to the base year. It presents the size and share of the market by region. The market for Cx horticulture is measured on a worldwide basis.
Figure 1: Breakdown of the Market in terms of Region, in United States Dollar (US$) and Volume
Source: Statistical Insights, Inc.
Figure 2: Cx horticulture Market Value and Volume (US$ Million and Kilo) – By Type, 2014-2020
Source: Statistical Insights, Inc.
Key market players such as Syngenta AG, Sumitomo Chemical Industries Ltd, Bayer AG, Monsanto Company, Dow AgroSciences LLC, and Kowa Company Limited are considered for the study of the market. These players have adopted various strategies to strengthen their positions in the market. The report also focuses on these players and their business strategies.
Key Market Players
Major Key Market Players:
Sumitomo Chemical Industries Ltd
Dow AgroSciences LLC
Kowa Company Limited
The market segmentation has been done on the basis of crop type, crop, and region.
• North America
• Rest of the World (RoW)
To define, describe, and analyze the global Cx horticulture market based on type, crop, and region
To examine the major market trends in the Cx horticulture market
To analyze opportunities in the Cx horticulture market
To study the market potential of the Cx horticulture market, in terms of revenue, along with its production volume and growth rate in the coming years