The growth in the crop protection industry of Spain can be attributed to the rising trend for organic farming in the country, increase in overall production of crops and rise in export of pesticides to other countries.
Spain is one of the largest consumers of crop protection products in Europe. The overall consumption of pesticides and bio-pesticides has gradually increased in the country. Major crops produced in Spain are olives, grapes, cereals, oilseeds, protein crops, and various citrus fruits. A range of different pesticides and bio-pesticides are used for these crops. The demand for fungicides and bactericides was highest in the country followed by the demand for herbicides, haulm destructors and moss killers. Insecticides and acaricides were also consumed in substantial amounts. The key growth drivers of the crop protection market have been the increase in domestic consumption and export of pesticides 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 protection products. Increase in organic farming culture is gradually augmenting the demand for bio-pesticides in the country. Companies are introducing newer products in the market that result in higher yield of crop. The demand for crop protection products in the country have also increased due to multiple cropping patterns and temperature fluctuation. The Common Agricultural Policy (CAP) initiated by the European Union has supported the overall agriculture sector in countries in Europe. This direct benefits provided to farmers under CAP has supported the overall agriculture sector in Europe and has indirectly supported the growth of the crop protection industry as well. Spain complies with the European Union’s legislation for usage of pesticides and other crop protection products. These regulations promote the use of environment friendly products that have a minimum impact on human health. Owing to this the consumption of bio-pesticides is also gradually increasing in the country.
The report titled “Spain 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 Spain 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.
For more information on the research report, refer to below link:
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