To know the impact of COVID-19 On Crop Protection Chemicals Market Size By Type (Synthetic, Natural), By Use (Herbicides, Insecticides, Fungicide, Others), By Crop Type (Cereal & Grains, Oilseed and Pulses, Fruits & Vegetables), By Application (Spraying, Dusting, Seed treatment, Soil treatment, Volatilization, Others), By Form (Solid, Liquid) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
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: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing global population, declining agricultural land, and rising need for food security are the significant factors, which are driving they growth of the Global Crop Protection Chemicals Market.
Scope of Global Crop Protection Chemicals Market Report:
Crop protection chemicals, like crop pesticides, are accustomed reduce yield losses caused by pests and diseases. In step with the honorary society of Chemicals, about 800 chemically active ingredients are registered to be used as crop protection solutions around the world. These chemicals are broadly categorized in herbicides, fungicides, and insecticides groups. The main target of research in recent years within the crop protection chemicals domain has been on developing compounds safer than older counterparts to fulfill the demand for brand new molecular solutions for control of pests that have developed resistance to the older compounds.
Other key research and development (R&D) interest areas include selectivity in their action to regulate target pests, per hectare low application rate requirement, broad-spectrum control to hide a various group of pests and diseases and meet regulatory mandates of regional and native markets. The crop protection industry has been transforming over the years, with robust growth, including changing crop mix trends, and environmental regulations. Growing population, declining arable land, food security, and therefore the need for augmented agricultural productivity are the many factors, which are driving the demand for higher agricultural output, thus augmenting the expansion of the crop protection industry, globally.
The outbreak of COVID-19 has affected public health yet because the global economy. The COVID-19 impact on the worldwide economy has resulted in socio-economic disruptions; together with other industries, the spread of COVID-19 has affected the agriculture input sector. The coronavirus has impacted critical processes involved within the production and distribution of agrochemicals, from stuff imports to end-product manufacturing.
Global crop protection chemicals market report is segmented on the basis of the type, use, crop type, application, form and region & country level. On the basis of type, the market is segmented into synthetic and natural. On the basis of use, the market is classified into herbicides, insecticides, fungicides, and others. On the basis of crop types, the market is classified into cereal & grains, oilseed & pulses and fruits & vegetables. Based on application, the market is classified into spraying, dusting, seed treatment, soil treatment, volatilization, and others. Based on form, the market is classified into solid and liquid.
Global Crop Protection Chemicals Market Segmentation:
By Crop Type:
- Cereal & Grains
- Oilseed and Pulses
- Fruits & Vegetables
- Seed treatment
- Soil treatment
The regions covered in this crop protection chemicals Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of crop protection chemicals is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Crop Protection Chemicals Market Report:
Some major key players for global chemicals market are BASF SE, Syngenta AG, E.I. DUPONT De Nemours And Company, FMC Corporation, Sumitomo Chemical Co., Ltd, BAYER Cropscience AG, Nufarm Limited, The Dow Chemical Company, Monsanto Company and others.
News: Syngenta Crop Protection Announced Launch of Spiropidion: a Replacement Insecticide Active Ingredient
On November 24th, 2020; Syngenta unveiled Spiropidion, an innovative new insect control technology which will help farmers protect their crops against damaging sucking pests in an efficient and environmentally sustainable manner. Sucking pests, like aphids, whiteflies, and scales, devastate high value fruit and vegetables like tomatoes, oranges and melons, yet as important arable crops like cotton and soybean. Spiropidion is safe to natural beneficial insects and pollinators, offering farmers a replacement tool for Integrated Pest Management (IPM) programs. Spiropidion is the results of chemistry-driven innovation within a rare class of insecticides that helps crops from the within, protecting the full plant body from attack of damaging sucking pests, thereby securing crop quality, yields and therefore the livelihood of farmers.
Increasing Global Population, Declining Agricultural Land, and Rising Need for Food Security are Some Of the Major Factors Driving the Market Growth
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.
The major factor driving the growth of global crop protection chemicals market is the increasing global population. According to United Nations; Department of Economic and Social Affairs, Population Division; Population within the world is currently (2020) growing at a rate of around 1.05% p.a. The present average population increase is estimated at 81 million people per year the worldwide population is increasing at a rapid rate. Consistent with the UN, the world population is probably going to achieve 9 billion by 2050, a 49% rise in population from this value. With the increasing population, the demand for food is projected to become double, within the years to return. Supplying food to the present growing population has become a threat. In addition, to this the rising need for food security due to the decrease in the agricultural land because of industrialization and urbanization, the arable land in the major agrarian nations is declining. Thus, there is pressure on the current arable land to deliver more food by utilizing soil treatment items which increase the demand for crop protection chemicals.
However, the increased resistance of bugs towards crop protection chemicals may hinder the market growth. In spite of that, increasing advancements in the agricultural technology can provide various opportunities for the further growth of the market.
North America is Expected to Dominate the Global Crop Protection Chemicals Market
The global crop protection chemicals market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is projected to dominate the global crop protection chemicals market within the forecast period. The major share in this region expected to contribute by the U.S., as it is one of the significant nations with regular farmlands and more than 913 million sections of land of cultivable land. It is additionally the biggest exporter of agrarian items in North America. The nation created around USD 133 billion in income in 2018. Reception of present day agrarian methods and expanded mindfulness with respect to soil examples and environment vulnerabilities are the components expected to drive the interest for crop assurance synthetic compounds over the gauge time frame in this region.
Asia Pacific is expected to witness the fastest growth in the global crop protection chemicals market within the forecast period due to its large agricultural base. China, being the biggest producer of cotton, has increased the adoption of GMO cotton, which also resulted in a very substantial reduction within the use of chemical pesticides across the country.
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Key Benefits for Global Crop Protection Chemicals Market Report–
- Global Crop Protection Chemicals Market report covers in-depth historical and forecast analysis.
- Global Crop Protection Chemicals Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Crop Protection Chemicals Market report helps to identify opportunities in marketplace.
- Global Crop Protection Chemicals Market report covers extensive analysis of emerging trends and competitive landscape.
Crop Protection Chemicals Market By Regional & Country Level:
- Southeast Asia
Middle East and Africa
- Rest of Middle East and Africa
Frequently Asked Questions (FAQ) :
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Crop Protection Chemicals Market Size By Type (Synthetic, Natural), By Use (Herbicides, Insecticides, Fungicide, Others), By Crop Type (Cereal & Grains, Oilseed and Pulses, Fruits & Vegetables), By Application (Spraying, Dusting, Seed treatment, Soil treatment, Volatilization, Others), By Form (Solid, Liquid) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
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