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Australia pesticides market reached revenues of A$2Bn in 2010

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Pesticides and Other Agro-chemical Products in Australia: ISIC 2421 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-01 17:45:01
The Australian pesticides and other agro-chemical products market showed only a marginal growth of 1% annually over the review period. However, significant fluctuations were seen, with these influenced by the country´s climate. In 2010, the total market size reached nearly A$2 billion, with a growth of 13% from 2000.

However, sales fluctuated dramatically throughout the review period. Demand is divided between B2B consumers and households. In 2010, the former group accounted for 70% share of demand, leaving the remaining 30% to households. Sales of herbicides, insecticides and fungicides are cyclical and are affected by climatic conditions, pest populations, commodity prices, changing agricultural production methods and the uptake of new technologies.

During times of drought or flood and low commodity prices, sales of pesticides will generally decline. However, if conditions are warm and there is rain, sales are likely to increase.

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