The research study conducted by Report Ocean on the “ Crop Protection Chemicals Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Crop Protection Chemicals Market is valued approximately USD 62.21 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2022-2029. Crop protection chemical, often known as plant protection chemicals, is the use of chemical pesticides to manage diseases and pests in the horticulture industry. Pesticides, commonly referred to as crop protection agents, are used to protect crops from disease and pests while also improving crop quality and production. The Crop Protection Chemicals market is expanding because of factors such as growth in agricultural production, increase in need for food security owing to the rise in population, and rise in cultivation of palm. However, threat of substitutes due to environment hazards and pesticide residue problems may halt market growth. In a long term, growth in population, decline in arable land, rising need for food security, and augmented agricultural productivity are potential factors which are driving the demand for the high amount of agricultural output, thus favoring the growth of crop protection chemical industry globally.
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As per International Food Policy Research Institute report, the number of hungry people worldwide increased by 10 million in 2018 to 690 million in 2019. In addition, according to the State of Food Security and Nutrition in the World (SOFI) 2020 report, 841.4 million people would be undernourished globally by 2030 if current trends continue, and the world will not be able to end malnutrition by the targets of 2025 and 2030. The FAO Chief Economist linked these worrying findings to the high cost of eating healthy meals, stressing that 3 billion people worldwide lack the resources and access to a nutritious diet. Thus, there is less food security for the people, which is fueling the growth of the market, as a result of the continual rise in population and the limited amount of arable land available to meet the growing need for food. Furthermore, rapid growth in biopesticides market and organic agriculture is catering the growth of market in the projected period. However, environmental impact resulting in changes in regulatory policies stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Crop Protection Chemicals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to the farming community’s rapid adoption of new technologies and a variety of regulatory frameworks that monitor positive progress, North America dominated the market in terms of revenue. The demand in the Asia Pacific region is predicted to increase significantly throughout the forecast period due to the presence of growing economies like India, Indonesia, China, Malaysia, the Philippines, and Thailand. Economic progress has made it possible for cutting-edge technology interventions, particularly in Western Asia. India and China are members of the region’s high export community and have established themselves as global leaders in a variety of agricultural products.
Major market players included in this report are:
Arysta Lifescience
American Vangaurd Corp.
Bayer CropScience
Bioworks
BASF SE
FMC Corp.
Dow Agrosciences
Chr. Hansen
Corteva Agriscience
Syngenta
Recent Developments in the Market:
In Aug 2021, Sinochem and ChemChina, China’s two centrally-managed, state-owned chemical producers, were being restructured and combined to create a monstrous corporation. The new chemical giant will work in a variety of industries, including industrial finance, rubber and tyres, life sciences, material science, fundamental chemicals, and environmental science.
In July 2020, the development of new crop protection solutions has been sped up because to a partnership between BASF and TECNALIA, a European centre for research and technical advancement. This helps innovations that address the requirements of farmers around the world to control weeds, fungal diseases, and insect pests in their crops to grow more quickly.
Global Crop Protection Chemicals Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Herbicides
Fungicides
Insecticides
Biopesticides
Others
By Application:
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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