Global Crop
Protection Chemicals Market study is providing you with the up-to-date, actionable market
information and projections with the latest impact of the Covid 19 outbreak. It
offers all the requisite data to support tactical business decisions and come
up with strategic growth plans. This study also proposes a comprehensive insight
into the development policies and plans in addition to manufacturing processes
and cost structures.
The global crop protection
chemicals market is expected to cross USD 90.09 billion in the forecast period.
Crop protection chemicals industry is driven by factors such as rise in
necessity for enhanced crop yield to suffice the food demands for rapidly
growing population. In addition, inclination toward bio-pesticides when
compared to synthetic pesticides is likely to contribute to the market growth in
the forecast period. The market witnesses several opportunities in the form of
rise in demand for food across various parts of globe. However, land scarcity
and limited food supply are likely to disturb the market growth in the forecast
period upto 2022.
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Crop protection chemicals
for agriculture have not only played a significant role in production of food
to support food demands but also lower the risk of infestation and infectious
disease transmitted by micro-organisms and insects. Evolution in technologies
such as chemicals, automated high-throughput, crop genetics, formulations, and
smart agriculture is likely to offer new tools in the discovery and progress of
agrochemicals.
Commercially, crop
protection chemicals are also known as fungicides, herbicides, and
insecticides. Pests being the living organisms can cause injury or possible
damage to crops, stocked food, and livestock. They can significantly lessen the
potential of farming, raise production costs, and to make matters worse, pests
can even destroy an entire cropping system. Hence, there are multiple ways to
control the pests and the objective is to minimize the damage and keep pest
population below the economic damage.
At times, alternative
methods are followed in place of protection chemicals. For instance, physical
and mechanical control issued for weed control. Biological control methods are
used to lessen the potential of pest species. Genetic control methods are used
for plant breeds with pest resistant features. The crop protection chemicals
market is segmented into product, application, and region. Geographical
segmentation for crop protection chemicals industry include North America,
South America, Europe, Asia-Pacific, Middle East and Africa.
European crop protection
market leads in the global scenario owing to high demand for vegetable and
fruits. Middle Eastern regions are likely to gain a strong market position in
the crop protection chemicals market due to extensive farming and agricultural
practices. Asia-Pacific’s crop protection chemicals industry is expected to
gain a prominent position due to smart agricultural practice; demand for food
on regular basis, and rise in technology with respect to agriculture.
The key players in the crop
protection chemicals market include Marrone Bio Innovations, BASF SE, Nufarm
Ltd, DuPont, BioWorks, FMC Corp, Natural Industries, Monsanto, Syngenta AG,
Sumitomo Chemical, Valent Biosciences and Novozymes A/S.
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