In the latest report by IMARC Group, titled “Crop Protection Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global crop protection chemicals market reached a value of US$ 83.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 111.4 Billion by 2027, exhibiting at a CAGR of 4.34% during 2022-2027.
Crop protection is the practice of managing and minimizing diseases, weeds and pest invasions that damage agricultural crops. Crop production primarily includes chemicals that help maintain high-quality grain and forage. They are classified into herbicides, insecticides, and fungicides. Crop insecticides reduce yield losses caused by pests and diseases, herbicides inhibit unwanted weeds’ growth, and fungicides prevent fungal action on the crops.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Crop Protection Chemicals Market Trends:
The global crop protection market is primarily driven by the continuous rise in the population index and the limited availability of cultivable land. The low food security for the masses is driving the need to increase food production across the world, which in turn, is driving the uptake of crop protection products worldwide. Furthermore, the expanding crop supplier and manufacturing base networks, the awareness regarding safe farming practices, and extensive research and development (R&D) activities conducted by key players are also providing a boost to the market growth across the globe.
Crop Protection chemicals also provide a major role in producing high quality grain and forage. For example, insecticides protect alfalfa crops from insects and diseases which would otherwise lead to significant reduction in the protein content (an important dietary requirement for dairy cattle) and yield.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BASF SE
- Corteva Agriscience
- Sumitomo Chemical Co., Ltd
- Syngenta AG
- Bayer Cropscience AG
- FMC Corporation
- Monsanto Company
- Nufarm Limited
- ADAMA Agricultural Solutions Ltd
Key Market Segmentation Breakup by 2022-2027:
- Cereal and Grains
- Fruits and Vegetables
- Oilseed and Pulses
Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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