Increasing food demand to drive the growth of the Israel pesticides market in the forecast period. According to the TechSci Research report, “Israel Pesticides Market – By Region, Forecast, and Opportunities, 2018-2028”, the Israel pesticides market is anticipated to grow at a significant rate in the forecast period, 2024-2028. The extensive adoption rate of modern farming methods and policy support from government agencies in the region are the key factors driving the demand for the Israeli pesticides market.
The Important Elements of the Israel Pesticides Market
The rapid rise in the development of new and innovative technologies is helping to improve the yield as well as the lifespan of crops. For instance, in 2022, an Israeli firm, Shore’s company AgroScout developed software that uses both AI and robotics to monitor crops in order to accurately plan processing and manufacturing operations.
However, the increasing pesticide applications are causing threats to the human body, stringent government regulations and high R&D costs and extensive research required to generate new pesticides may hamper the growth of the market in the forecast period.
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The Israel pesticide market is segmented into type, form, product type, crop type, source, and region.
Based on type, the market is divided into herbicides, insecticides, fungicides, and others. Based on herbicides, the market is further divided into active ingredient, form, product type, crop type, and source. Based on the active ingredient, the market is further sub-segmented into glyphosate, dicamba, 2,4-D, and others. Based on insecticides, the market is further divided into active ingredient, form, product type, crop type, and source. Based on the active ingredients, the market is further sub-segmented into dimethoate, cypermethrin, lambda-cyhalothrin, and others.
Based on fungicides, the market is further divided into active ingredient, form, product type, crop type, and source. Based on the active ingredients, the market is further sub-segmented into propiconazole, epoxiconazole, tebuconazole, and others. The herbicides segment is likely to witness a rise over the forecast period. This is due to the higher utilization of agricultural lands. They are also used in wildland ecosystems and agriculture to reduce weeds.
Based on form, the market is divided into liquid and dry. The dry-form segment is projected to witness high growth over the upcoming years. This is ascribed to the growing use of dry pesticides by farmers.
Based on product type, the market is divided into chemical, and organic. Among them, the chemical segment is forecasted to grow at a significant rate. This is attributed to its effectiveness against specific pests.
Based on crop type, the market is divided into oilseeds & pulses, grains & cereals, fruits & vegetables, and others. The grains & cereals segment is anticipated to grow during the forecast period. This is ascribed to the growing demand to increase food security, coupled with the onset of climate change.
Based on source, the market is divided into domestic and import. The import segment is anticipated to grow during the forecast period.
Major companies operating in Israel pesticides market are:
- Grow Group Israel Limited
- BioCloud Ltd
- Stockton (Israel) Ltd.
- Adama Agricultural Solutions Ltd.
- FortePhest Ltd.
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“Israel is expected to witness significant growth in the upcoming years due to increasing government support for agricultural development. Also, owing to the surge in food demand, farmers are using pesticides to increase agricultural yields. Growing advancements in farming practices and technologies and rising awareness among masses in the country is driving the Israel pesticides market which is expected to grow through 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Israel Pesticides Market By Type (Herbicides, Insecticides, Fungicides, Others), By Form (Liquid v/s Dry), By Product Type (Chemical v/s Organic), By Crop Type (Oilseeds & Pulses, Grains & Cereals, Fruits & Vegetables, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of Israel pesticides market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Israel pesticides market.
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