US pesticide, fertilizer market down 5% since 2009 amid extensive use of cheaper generic herbicides, downturn in housing market, reduction in use of plant growth regulators, insecticides in forestry sector, according to report
BUCKS, United Kingdom , January 9, 2013 (International Pest Control (CBNB Abstracts) ) – A report from Kline & Co revealed the US industrial vegetation management market (IVM) for pesticides and fertilizers has witnessed a 5% drop on a same-segment basis since 2009. The decline is blamed primarily on the extensive use of cheaper generic herbicides, a downturn in the housing market, and a reduction in the use of plant growth regulators and insecticides in the forestry sector. The overall IVM market includes pastureland, aquatics, forestry, rangeland and traditional right of way segments. The market continues to be dominated by Dow AgroSciences based on an indisputable position in range land and pastureland, as well as a strong performance in other sectors. Dow, BASF, and DuPont are the top three producers with a combined market share of 60%. Original Source: International Pest Control, http://www.international-pest-control.com/, Copyright Research information Ltd 2012.