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At a CAGR of 3.1%, the global crop protection chemicals market is projected to have grown from $63.7 billion in 2020 to $74.1 billion by 2025. The crop protection chemicals market is experiencing significant growth, driven by the rising global population and demand for higher crop yields.
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CropProtectionChemicalsMarketworth$74.1billionby2025 Thereport“CropProtectionChemicalsMarket,byType(Herbicides,Insecticides,Fungicides&Bactericides),Origin(Synthetic,Biopesticides),Form(Liquid,Solid),ModeofApplication(Foliar,SeedTreatment,SoilTreatment),CropTypeandRegion-GlobalForecastto2025”, published by MarketsandMarkets™.TheglobalCropprotectionchemicalssizeisestimatedtobevaluedatUSD63.7billionin2020andisprojectedtoreachavalueofUSD74.1billionby2025,growingataCAGRof3.1%duringtheforecastperiod.Thegrowthofthismarketisattributedtoanincreasingneedforfoodsecurityofthegrowingpopulation. DownloadPDFBrochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=380 Herbicides,bytype,isestimatedtoholdthelargestmarketshareduringtheforecastperiod. Themarketforcropprotectionchemicals,bytype,hasbeensegmentedintofeedgradeandnutritiongrade. Herbicidesarewidelyusedinweedcontrol,whichhelpsinenhancingcropproductivityandqualityofoutput.Herbicideshelpinreducingsoilerosionandincreasesoilfertilityandcropyield.Theyareusedtocontrolorkillunwantedplantsandareoftenknownasweedkillers. Theliquidsegment,byform,isestimatedtoholdthelargestshareintheCropprotectionchemicalsduringtheforecastperiod. Liquidformsofcropprotectionchemicalproductsarepreferredmorebysuppliersaswellasend-users.Liquidformsofferalongershelf-lifewitheasyhandling,transportation,andapplication.Also,theyarecost-effective,eco-friendly,andsustainable.Companiesareinvestinginthetechnologicaldevelopmentofcropprotectionchemicalsinliquidforms.Theliquidformsofcropprotectionchemicalscaneitherbewater-based,oil-based,polymer-based,ortheircombinations.Typicalliquidformulatinglinesconsistofstoragetanksorcontainerstoholdactiveingredients,inertmaterials,andamixingtankforformulatingthecropprotectionchemicalproducts.Water-basedformulationsrequireinertingredientssuchasstabilizers,stickers,surfactants,coloringagents,anti-freezecompounds,andadditionalnutrients.Examplesofliquidformsaresuspensionconcentrate,suspo-emulsions,andcapsulesuspension. Browsein-depthTOCon“CropProtectionChemicalsMarket” 115-Tables 62-Figures 238– Pages Synthetic,bysource,isestimatedtoaccountforthelargestmarketshareduringtheforecastperiod. Syntheticcropprotectionchemicalsaremanufacturedinlaboratoriesandaremixturesofchemicalsthatintendtoavert,kill,repel,ordestroyanypests.Syntheticcropprotectionchemicalsareperceivedtobetoxicanddangerousifproperchemicalsarenotused.However,sincethepast60years,variousinnovativesyntheticcropprotectionchemicalshavebeendevelopedwhicharelesstoxicandmoreeffectiveoncrops.DuetoinnovativeproductdevelopmentbytheleadingcropprotectionchemicalmanufacturingcompaniessuchasBASFSE(Germany),variousnewandmorepest-specificsyntheticcropprotectionchemicalsarebeingdeveloped,whichcauselessdamagetotheenvironment. Foliarspray,bymodeofapplication,isestimatedtoaccountforthelargestmarketshareduringtheforecastperiod. Thefoliarspraymodeofapplicationisthemostwidelyusedforcropprotectionchemicals.Itcanbeusedforherbicides,insecticides,aswellasfungicides.However,itismajorlyusedforsprayingherbicidesandinsecticides duetolaborshortageforremovingunwantedweedsmanuallyandfordestroyinginsectattacksoncrops.
Foliarsprayorfoliarfeedingisatechniqueoffeedingplantsbyapplyingliquidcropprotectionchemicalsdirectlytotheirleaves.Foliarsprayissuitablefordestroyingalargenumberofunwantedgrasses,herbs,andshrubs.Foliarsprayorfoliarfeedingisatechniqueoffeedingplantsbyapplyingliquidcropprotectionchemicalsdirectlytotheirleaves.Foliarsprayissuitablefordestroyingalargenumberofunwantedgrasses,herbs,andshrubs. Get10%FreeCustomizationonthisReport: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=380 Cereals&grains,bycroptype,isestimatedtoaccountforthelargestmarketshareduringtheforecastperiod. Thecereals&oilseedssegmentaccountedforthelargestmarketshareintermsofvalue;thisisprojectedtogrowatthehighestCAGRduringtheforecastperiod.Thedemandforcereals&oilseedsisincreasingsignificantlyacrosstheglobeowingtotheincreasingdemandforfood. SouthAmericaisestimatedtoholdthelargestmarketshareduringtheforecastperiod. SouthAmericaisanemergingagriculturalpowerhouse,growingatarapidpaceabovetheglobalgrowthaverage.GrowthinthisregionissignificantlycontributedbythegrowthinBrazilandArgentina,whicharetheworld’smostpotentagriculturalproducersandareexpectedtogrowwellabovetheregionalaverage.TheeconomicgrowthinSouthAmericahasbeenstimulatedbydemocratization,economicreforms,andthefoundationofthetwotradingblocsnamely,MercosurandtheAndeanPact. RegulatoryframeworkinSouthAmericaisquiteweakascomparedtoNorthAmericaandEurope.TheSouthAmericanPesticideActionNetworkcontrolstheregulatoryissuesintheregion.TheinternationaltradesystemfromtheWTOforregionalandbilateraltradedealsalsounderminesnationalpesticidelawsandthreatenstheabilityofSouthAmericannationstoprohibitdangerouschemicalsfrombeingused.ThisisespeciallyobservedinthecaseofWTO'sdemandforestablishingcertaincommonminimumstandardsforpesticidesamongcountries.Forinstance,ifacountrywantstoimplementastricterstandardonpesticidesascomparedtotheWTO,itcouldberecognizedasatechnicalbarriertotrade. MakeanInquiry:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=380 KeyPlayers: Thisreportincludesastudyofthemarketinganddevelopmentstrategies,alongwithastudyoftheproductportfoliosoftheleadingcompaniesoperatinginCropprotectionchemicals.ItconsistsoftheprofilesofleadingcompaniessuchBASFSE(Germany),TheDowChemicalsCompany(US),Dupont(US),SumitomoChemicalCo.,Ltd(Japan),SyngentaAG(Switzerland),BayerCropscienceAG(Germany),FMCCoropration(US),NufarmLimited(Australia),AdamaAgriculturalSolutions(Israel),VerdesianLIfescineces(US),BioworksInc.(US),ValentUS(US),ArystaLifescinceCorporation(US),AmericanVanguardCorporation(US),Chr.Hansen(Denmark),CortevaAgrisciences(US),UPLLimited(India),JiangsuYangnongChemicalGroupCoLtd(China),Agrolac(Spain),LianyungangLibenCropScienceCo.Ltd.(HongKong),Nanjingredsunco.ltd(China),KumiaiChemicals(Japan),WyncaChemicals(China),LierChemicals(China),SimpcamOxon(Italy). AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which willimpact70%to80%ofworldwidecompanies’ revenues.Currentlyservicing7500customersworldwideincluding80%ofglobalFortune1000companiesasclients.Almost75,000topofficersacrosseightindustriesworldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth marketsfollowingthe"GrowthEngagementModel– GEM".TheGEMaimsatproactivecollaborationwiththeclientstoidentifynewopportunities,identifymostimportantcustomers,write"Attack,avoidanddefend"strategies,identifysourcesofincrementalrevenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants(Positioningtopplayersacrossleaders,emergingcompanies,innovators,strategicplayers)
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