Market Research Of Global Crop Protection Chemicals Market By Knowledge Sourcing Intelligence


A Brief Study of Crop Protection Chemical Market


Crop protection is required for preventing the crop from damage while saving water and protecting the fertility of the soil. Global crop protection chemicals market is projected to witness a compound annual growth rate of 6.05% during the forecast period to reach a total market size of US$81.394 billion by 2022, increasing from US$60.680 billion in 2017 The crop protection chemical like pesticides, herbicides, and fungicides help in controlling the growth of weeds which would among crops competing for water, nutrients, and sunlight. The major players in the industry include BASF, Monsanto, FMC Corporation, Bayer, DowDuPont,  Syngenta, and ADAMA Agriculture Solutions. The factors driving the market demand are as follows:

crop protection chemicals market

Increasing demand for food
With the increase in the population around the world, the demand for food is also increasing. With crops getting destroyed by insects and pests, along with the poverty many households are not able to meet their daily requirements of food. For example, according to the United States Department of agriculture, an estimate of 11.1 percent of US households were food insecure at least sometime during the year 2018. The condition is worse in under-developed and developing economies. Therefore, various crop protection chemicals are being used so that the available crops can be protected.

Rising investments in R&D and agricultural sector
The need for continuously innovating products for providing better consumer experience has lead to the crop protection chemical market growth. Now, various chemicals are present in the market which can protect the crops while also preventing water wastage and protecting the fertility of the soil.

crop protection chemicals market
Sample view of global crop protection chemicals market share

Rising trend of crop losses due to pest attack
The crops grown for human consumption are at huge risk due to the incidence of weeds, pathogens, and animal pests. The weeds do heavy potential loss to the crop produce. The crop protection chemical market analysis shows that the heavy loss of crops will boost the demand for the product.

Rising health awareness among the people
The increasing awareness among the people about food and environmental safety is promoting the use of biopesticides which will augment the growth of the market.

Market Segmentation
The crop protection chemicals market has been segmented by origin, type, application, and geography. By origin, the market is classified as synthetic and biopesticides. Synthetic chemicals account for a high share of the market, but the biopesticides is continuously growing as it is safer for human beings than synthetic chemicals. Biopesticides' growth will lead to the growth of the crop protection chemical market size.
By type, the market is classified as Herbicides, Insecticides, Fungicides, and Others. The herbicides segment holds a significant share owing to its ability to various herbs and unwanted herbs.
By application, the market is classified as Fruit and Vegetables, Oilseeds and Pulses, and Cereals and grains. The rise in the production of cereals and grains, especially in Asian countries augments crop protection chemicals’ demand for cereals and grains segment. Moreover, high crop loss primarily because of weeds and hazardous herbs coupled with decreasing arable lands due to rapid urbanization further trigger this segment’s growth.
By geography, the market is classified as North America, South America, Middle East and Africa, and The Asia Pacific. Asia Pacific is expected to grow at a high CAGR over the projected period primarily because of the demand generated by rapidly developing countries like India and China. Increased demand for crop production due to a rapidly growing population coupled with rising farm expenditure drives the crop protection chemicals market. However, North America expected to hold a notable share owing to a high rate of adoption of new technologies and strict agricultural regulations.
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