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19 (Sputnik) -- According to the assessment of the Russian Agricultural Bank, by the end of this year, the output of Russian plant protection preparations will reach 175,000 tons, and by 2030, the proportion of domestic pesticides in the market will increase to 70%.
"In 2021, the market size of plant protection preparations in Russia was 175 billion rubles, of which 52% were domestic preparations
," the bank's material said.
The Agricultural Bank of Russia believes that in the next five years, imported products will continue to be gradually replaced, and "the proportion of domestic chemical plant protection preparations will continue to increase by 3-5% per year, and by 2030, the market share will account for about 70%"
.
," the bank's material said.
The Agricultural Bank of Russia believes that in the next five years, imported products will continue to be gradually replaced, and "the proportion of domestic chemical plant protection preparations will continue to increase by 3-5% per year, and by 2030, the market share will account for about 70%"
.
Commodity production will also be greater, for example, at the end of October, domestic production of plant protection preparations was 152,000 tons: herbicides accounted for 68%, fungicides 17%, insecticides 14%, germination inhibitors and growth regulators less than 1%.
Experts believe: "In the next few years, the domestic market will grow steadily, and by 2030, the output will reach 280,000 tons
per year.
" Experts are convinced that the main driver will be "demand growth, which will grow at an annual rate of 5-7% over the next five years.
"
They predict that demand will increase
through further agricultural intensification and the introduction of new agricultural land.
per year.
" Experts are convinced that the main driver will be "demand growth, which will grow at an annual rate of 5-7% over the next five years.
"
They predict that demand will increase
through further agricultural intensification and the introduction of new agricultural land.
In addition, the volume of imports of raw materials ensures the development of the Russian market: 42% of them come from China and 36% from Europe
.
For example, imports of synthetic pesticide ingredients were 72,000 tonnes in 2021 and could increase to 80,000 tonnes in 2022
.
According to the assessment of analysts of the Agricultural Bank of Russia, the import of raw material components will continue to grow
in 2023.
.
For example, imports of synthetic pesticide ingredients were 72,000 tonnes in 2021 and could increase to 80,000 tonnes in 2022
.
According to the assessment of analysts of the Agricultural Bank of Russia, the import of raw material components will continue to grow
in 2023.
