Global Market for Crop Protection Products increases by 2.03% in nominal terms to reach US$ 55.25 billion in 2018 when measured at ex-company level and when using average year exchange rates:
We are pleased to announce that as planned the update to AgriGlobe® with 2018 Crop Protection data occurred this last week. The seed section will be updated with 2018 research over the next few weeks.
AgriGlobe® first released preliminarily Crop Protection 2018 market estimates as well as the forecast for 2019-2021 in January 2018. Our estimate at that time was for a growth in the market in 2018 of 1.9% as compared to 2017.
In the last few weeks the research has been completed such that the 2018 market for Crop Protection products globally is now finalized at a growth of 2.03% over 2017; very close to our January estimate.
In an environment where overall global market growth is used as a benchmark against company performance; consistency of estimates is vital and highlights once again the importance of primary robust market research data in any BI system.
The following link leads directly to the updated data:
For further details on the market trends, the following article can be explored: