Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Crop Protection Chemicals Market for the years 2023–2031.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Crop Protection Chemicals Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
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.
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.
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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
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
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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
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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