Crop Protection Chemicals Market to Reach USD 71.32 Billion, Globally, by 2027 | CAGR 3.50%

11 Feb 2021

Global Crop Protection Chemicals Market is valued at USD 56.06 Billion in 2020 and expected to reach USD 71.32 Billion by 2027 with a CAGR of 3.5% over the forecast period.

"Crop Protection Chemicals Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Crop Protection Chemicals Market place for the forecast 2019– 2025.

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User awareness about environmental concern and food safety has led to elevated demand for biopesticides. With phasing out of specific pesticides comprising atrazine, glyphosate, and chlorpyrifos, the requirement for biopesticides is predicted to rise in the coming future.

Scope of The Report:

Crop protection is the method used to save the crop from plant diseases, weeds, and other pests. The crop might get damage due to rodents, bacteria, birds, insects, and others. These agricultural crops comprise maize, fruits, wheat, vegetable crops, rice, and others. There is an elevated requirement from increasing population for the security, food, and evaluation of farming to conventional from traditional practices. Use of crop protection chemicals has added in the crop field so as to improve productivity. They are adopted extensively all over the world to improve crop yield and lower crop loss so as to meet the food need for rising population. Thus, a number of market players are using crop protection chemicals on huge scale. Crop protection chemicals comprise herbicides, insecticides, and fungicides that kill a wide series of pests.

The global crop protection chemicals market is divided by product into herbicides, fungicides, insecticides, and others. The global crop protection chemicals market is divided by application into fruits & vegetables, cereals, maize, cotton, rice, and others.

Crop Protection Chemicals Companies:

The major players included in the global crop protection chemicals market forecast are,

BASF SE

Marrone Bio Innovations

FMC Corp

Nufarm Ltd

DuPont

BioWorks

Natural Industries

Monsanto

Syngenta AG

Dow AgroSciences

Novozymes A/S

Sumitomo Chemical

Valent Biosciences.

Crop Protection Chemicals Market Key Segments:

By Origin Type : Synthetic, Bio-based

By Type: Herbicide, Fungicide, Insecticide, Nematicide, Molluscicide, Others

By Application Type: Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, Other Applications

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Increasing Awareness Regarding Food & Health Safety And Rapidly Increasing Population To Power The Growth In The Market

Increasing awareness regarding food & health safety, rapidly increasing population, necessity for enhanced crop yield, and reduced arable land are predicted to power growth over the coming period. User awareness about environmental concern and food safety has led to elevated demand for biopesticides. In addition to this, with phasing out of specific pesticides comprising atrazine, glyphosate, and chlorpyrifos, the requirement for biopesticides is predicted to rise in the coming future. Biopesticides are majorly derived from bacteria, animals, plants, and certain minerals and manage pests by nontoxic mechanisms. Moreover, the volume needed per hectare of land is less and is highly effectual over its peers, which is predicted to power requirement for the product over the coming years.

The global agricultural sector has been seeing incredible developments both in terms of regulatory intervention as well as farming methods to promote sustainable and safer practices in food creation. Such involvement has motivated different agrochemical firms to spend in R&D to design greener crop defense chemicals, and also shift towards a sustainable farming environment. These factors are predicted to power the crop protection chemicals market during the coming period.

Over The Coming Period, The US Is Predicted To Grow At A Solid CAGR Due To Advent Of Sustainable Farming

North America is home to the biggest agricultural sector in the form of the US and is distinguished by high technical advancements in farming techniques, and a solid regulatory structure influencing sector dynamics. The EPA and US FDA control the market in the US, which are empowered by the FIFRA (Federal Insecticide, Fungicide and Rodenticide Act) and FQPA (Food Quality Protection Act). Over the coming period, the US is predicted to grow at a solid CAGR. Growth might be powered by advent of sustainable farming practices and product development. The Asia Pacific added up for a major share in the market as the area is one of the primary producers of agricultural goods including rice, cotton, and maize.

Market by Regional Analysis

North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa"

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