The global Crop Protection Chemicals Market is estimated to be valued at US$ 66.44 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Crop protection chemicals are substances or mixtures of substances used to protect crops from destructive pests. They include herbicides to kill weeds, insecticides to kill insect pests, fungicides to prevent fungal diseases of crops such as blights, mildews, and molds, nematicides to control nematodes, and others. They help increase crop yields by minimizing crop losses to pests.
Market key trends:
One of the key trends in the crop protection chemicals market is the growing demand for biopesticides. Biopesticides are pesticides derived from natural materials like animals, plants, bacteria, and certain minerals. They are considered environment-friendly and are seeing increasing usage in integrated pest management programs as a replacement for synthetic chemical pesticides. The rising environmental concerns about synthetic chemical pesticides and stringent regulations around the globe have driven the demand for biopesticides in the market.
Segment Analysis
The crop protection chemicals market is segmented by type, application method, and crop type. Within types, herbicides account for the largest share of over 30% and are expected to remain the dominant segment over the forecast period. This is because herbicides help farmers control weeds without harming crops which increases crop yield.
Key Takeaways
The Global Crop Protection Chemicals Market Demand is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period, due to increasing population and rising demand for food grains.
Regional analysis: Asia Pacific is currently the fastest growing as well as the dominating region in the crop protection chemicals market. This is attributed to the rising agricultural practices and increasing usage of agrochemicals in major countries like China and India.
Key players: Key players operating in the crop protection chemicals market include Bayer CropScience, ChemChina Corporation, BASF SE, Corteva Agriscience, UPL Limited, FMC Corporation, Nufarm Ltd, Sumitomo Chemicals, American Vanguard Corporation, ISAGRO SpA, Bioworks Inc., Ishihara Sangyo Kaisha Ltd, Marrone Bio Innovations Inc., and Syngenta International AG. Bayer CropScience is currently the global leader in terms of market share owing to its strong product portfolio and wide geographical presence.
Crop Protection (Agrochemicals) Market is estimated to develop at a substantial CAGR in the years to come.
The significance of insecticides for agricultural science is huge due to the fact that that they are amongst the most important tools to defend harvests and upsurge the production.
These days, the harvest safeguarding products subdivision is a rapidly progressing business, which is exposed to modernization.
As bio-pesticides are resulting from biological materials, they are measured to be harmless and stance no hazard for humans.
Top Key Manufacturers of Crop Protection (Agrochemicals) market are :-SyngentaBayer Crop ScienceBASFDow Agro SciencesMonsantoDuPontOther Crop Protection (Agrochemicals) Market by Product Type:InsecticideHerbicideOther Crop Protection (Agrochemicals) Market by Applications:Cereals & GrainsFruits & VegetablesOther Geographical Analysis of Crop Protection (Agrochemicals) Market:- North AmericaEuropeChinaJapanSoutheast AsiaIndia The international Crop Protection (Agrochemicals) Market is divided by Type of Products, Type of End Use, and the Area.
The division of the international Crop Protection (Agrochemicals) Market on the source of Type of End Use spans Oilseeds & Pulses, Fruits & Vegetables, Cereals & Grains, Turfs & Ornamentals and Others.
Keep yourself up-to-date with the latest market trends and maintain a competitive edge by sizing up with the available business opportunities in the Crop Protection-Agrochemicals Market.
The research report presents an extensive assessment of the Crop Protection-Agrochemicals Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The research report provides an analysis and information according to the categories such as market segments, geographies, type of product, and competitive landscapes.
The major market players are evaluated on several parameters, such as company overview, product portfolio, and revenue of the market from 2020 to 2026.The report includes the latest coverage of the impact of COVID-19 on the Crop Protection-Agrochemicals Market industry.
The incidence has affected nearly every aspect of the business domain.
This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.Free Sample Report + All Related Graphs & Charts @ https://www.reportsanddata.com/sample-enquiry-form/636Major Players in the Crop Protection-Agrochemicals Market Include:Syngenta, Bayer Crop Science, BASF, Dow Agro Sciences, Monsanto, DuPont, Adama, Nufarm, FMC, Sumitomo Chemical, UPL, Arysta Lifescience, Wynca Chemical, Zhejiang Jinfanda Biochemical, Huapont, Sichuan Leshan Fuhua Tongda Agro- Chemical Technology, Kumiai Chemical, Ishihara Sangyo Kaisha, Sanonda Group, Rallis India, Jiangsu Fengdeng Crop Science, Jiangsu Flag Chemical Industry, Henan LierdeThis research report is categorized differently, considering the various aspects of the market.
