- Fact.MR's latest survey on crop protection chemicals market
provides in-depth analysis on the current trends and
opportunities affecting growth through 2031. It discloses hidden
prospects for expansion across various segment in terms of crops,
product, source, form, and mode of application. The report also
profiles the leading companies involved in crop
protection chemicals market and presents a detailed assessment of
their key strategies.
NEW YORK, Oct. 19, 2021 /PRNewswire/ -- The global crop
protection chemicals market is expected to surpass
US$ 122 Bn by 2031, as per Fact.MR.
Rising emphasis on increasing the crop output to counter food
security is estimated to propel the demand for crop protection
chemicals.
On account of this, sales of crop protection chemicals are
projected to grow by 5.3% CAGR over the forecast period 2021-2031
in comparison to 4.3% CAGR registered between 2016 and 2020.
Plant pests, weed, and diseases have become more common due to
the change in environmental circumstances. Hence, modern farmers
are extensively adopting crop protection chemicals such as
herbicides, insecticides, and fungicides to increase agricultural
yield by safeguarding crops against pests and weeds.
Driven by this, demand for crop protection chemicals is
anticipated to increase by 1.6x over the coming decade.
Request a report sample to gain comprehensive insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=6992
Also, growing investments and the introduction of subsidies by
the government to increase the overall agricultural output will
boost the market. These subsidies are intended to facilitate
agricultural production and address surging demand for food in
Brazil, India, the U.S., and China.
In terms of source, bio-based crop protection chemicals are
expected to register the fastest growth. Expansion of this category
is attributed to the increasing commercialization of bio-based
chemicals derived from plants, bacteria, minerals and animal
sources and increasing awareness regarding the ill effects of using
synthetic chemicals on arable land.
"The market is expected to gain traction from the increasing
adoption of integrated pest management (IPM) solutions.
Incorporation of advanced technologies such as Internet of Things
(IoT) to optimize the farming techniques and monitor the growth of
pest, weeds and plant diseases is expected to propel the growth of
the market," says a Fact.MR analyst.
Key Takeaways from the Crop Protection Chemicals
Market Study
- Driven by the increasing adoption of bio-based crop protection
chemicals across the U.S., the North
America market is likely to account for more than one-fifth
of global sales in 2021.
- The Latin America market is
forecast to expand at a CAGR of 4.7% through 2031, owing to the
increasing import of crop protection chemicals in Brazil and Argentina.
- India and China are projected to collectively account
for the largest revenue share in Asia
Pacific, favored by the increasing government investment in
the agriculture sector.
- Bio-based crop protection chemicals are expected to emerge as
one of the most remunerative source segments, contributing nearly
423 BPS by 2031.
- Based on products, herbicides are estimated to dominate the
segment, accounting for more than 40% of the total demand in
2021.
Key Drivers
- Rising inclination towards the use of eco-friendly crop
protection products and increasing focus on sustainable
agricultural production are spurring the sales of bio-based crop
protection chemicals.
- Superior efficiency of herbicides over manual weeding
procedures and scarcity of manpower for mechanical weeding across
the U.S. and countries in the European Union will propel the demand
for herbicides, fueling growth
Key Restraints
- Adverse effects of pesticides on human health due to their
persistent nature, lipophilicity, bioaccumulation, and toxic
properties are hampering the growth of the market.
- Decline in effectiveness of crop protection chemicals owing to
the increased resistance of pests and evolving metabolism patterns
in insects is expected to hinder sales.
To learn more about Crop Protection
Chemicals Market, you can get in touch with our
Analyst at
https://www.factmr.com/connectus/sample?flag=AE&rep_id=6992
Competitive Landscape
As per Fact.MR, tier-1 crop protection chemicals manufacturers
are expected to account for more than one-third of the global sales
in 2021. Key manufacturers are heavily investing in the research
and development (R&D) for introducing novel crop protection
solutions and focusing on geographical and capacity expansion to
expand its market share. For instance,
- In July 2021, Corteva
Agriscience, a leading American agricultural chemical and seed
company, announced introducing its new product, Resicore® XL corn
herbicide for the 2022 season. The herbicide is a three-mode crop
protection chemical that works before as well as after the
emergence of weeds.
- In January 2021, Nufarm Limited,
an Australian agricultural chemical company, announced launching a
new brand named NUCROP – hybrid electric crop protection. The
electrifying solution offer alternative weed control to the farmers
and contractor in France,
Germany, the Netherlands, and Belgium.
Some of the key players in the market profiled by Fact.MR
are:
- Bayer CropScience AG
- ChemiChina Corporation
- BASF SE
- Corteva Agriscience
- UPL Limited
- FMC Corporation
- Nufarm Ltd
- Sumitomo Chemicals
- American Vanguard Corporation
- ISAGRO Spa
- Bioworks Inc.
- Ishihara Sangyo Kaisha Ltd
- Marrone Bio Innovations Inc.
- Syngenta International AG
More Valuable Insights on Crop Protection
Chemicals Market
Fact.MR, in its new report, offers an unbiased analysis of the
global crop protection chemicals market, analyzing forecast
statistics through 2021 and beyond. The survey reveals growth
projections on in crop protection chemicals market with detailed
segmentation:
- By Crop
-
- Grains & Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Others (Plantation Crops, etc.)
- By Produce
-
- Herbicides
- Insecticides
- Fungicides
- Others (Rodenticides, etc.)
- By Source
-
- Synthetic Crop Protection Chemicals
- Bio-based Crop Protection Chemicals
- By Form
-
- Liquid Crop Protection Chemicals
- Solid Crop Protection Chemicals
- By Mode of Application
-
- Foliar
- Seed Treatment
- Soil Treatment
Key Questions Covered in the Crop Protection
Chemicals Market Report
- The market survey also highlights projected sales growth of the
crop protection chemicals market between 2021 and 2031
- The report offers insight into crop protection chemicals demand
outlook for 2021-2031
- Crop protection chemicals market share analysis of the key
companies within the industry and coverage of strategies such as
mergers & acquisitions, collaborations or partnerships, and
others
- Crop protection chemicals market analysis identifies key growth
drivers, restraints, and other forces impacting prevailing trends
and evaluation of current market size and forecast and
technological advancements within the industry
Explore Fact.MR's Coverage on the Chemical & Materials
Domain –
Pre-emergent Herbicide Market- Pre-emergent
herbicides are widely utilized in agricultural lands, lawns, and
other locations where weed development is a major concern. The
grass keeper, nurseryman, or farmer selects and applies
pre-emergent herbicides strategically to successfully control weed
development over the long and short term, depending on the
herbicide selected. In industrialized locations such as
Europe and North America, pre-emergent herbicides are
mostly used. During the historical period, the market has gained
traction in various regions.
Aerosol Insecticides Market- Insecticides are frequently
used in agricultural fields, urban green spaces, and public health
initiatives to protect humans and plants from numerous diseases.
Aerosol insecticides, or insecticides packaged in aerosol form, are
praised for producing less waste than other types of insecticides
since they are designed to deliver only a specified amount of
poison during each spray. As a result of this, the global market
for aerosol insecticides continues to play a significant role in
the insecticides sector.
Bio rational Fungicides Market- Bio rational
fungicides are fungicides that have no or minimal negative effects
on the human body or the environment. They are suitable for use in
organic greenhouses and indoor agricultural facilities due to their
low toxicity. The industry is expected to benefit from the growing
trend of using organic fertilizers, insecticides, and fungicides
instead of chemicals. Growing global knowledge of the benefits of
using organic farm products is driving demand for organic
agricultural ingredients, which will eventually increase demand for
organic pesticides, particularly bio rational fungicides.
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