The Crop Protection Chemicals market crossed US$ 64 billion mark in 2022 and is expected to hit US$ 84 billion by 2030, recording a CAGR of 3.5% during the forecast period.
Crop Protection Chemicals Market 2022 - 2030 report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player’s areas that have witnessed the highest demand, leading regions and operations. Crop Protection Chemicals market 2022 - 2030 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Top Key Players Listed in the Crop Protection Chemicals Market 2022 - 2030 Report Are:
- Sumitomo Chemical Co., Ltd
- Syngenta AG
- Bayer Cropscience AG
- Corteva Agriscience
- BASF SE
Growing need for food security due to the growth in population
The population across the globe is growing. According to the United Nations, the world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050. The growth in the population is being driven by increasing numbers of people surviving to reproductive age, increasing urbanization and accelerating migration. Rising global population is leading to a rise in need for food security in various countries across the globe. With this, it becomes more important than ever to utilize crop protection products and chemicals to increase crop productivity.
In this report, the market has been segmented on the basis of:
Based on types, the Crop Protection Chemicals market is primarily split into:
- Herbicides
- Insecticides
- Fungicides
- Others
Form
- Dry
- Liquid
Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Based on Applications the Crop Protection Chemicals market covers:
Form
- Dry
- Liquid
Mode of Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Others
Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Recent strategic developments in crop protection chemicals market
The crop protection chemicals market has undergone several significant developments, and a few of these have been mentioned below:
- In 2022, BASF SE launched new insecticide to helps Indian farmers protect crops from key insect pests. A new insecticide, Exponus is registered for use on various largely cultivated crops under oil seeds, pulses & vegetables segment to control critical insect pests such as caterpillars & thrips.
- In 2020, BASF and TECNALIA accelerated R&D of new crop protection products through digitalization. Jointly developed technology is expected to enable a more precise evaluation of the efficiency of new crop protection products.
- In September 2018, Sumitomo Chemical and Nufarm Limited signed an agreement on the novel fungicide compound ‘metyltetraprole,’ for key European markets.This new compound for disease control in cereals, discovered by Sumitomo Chemical, will be trademarked as “Pavecto”. Both companies have agreed to explore distribution of Sumitomo Chemical’s Pavecto-based solutions for Germany, the United Kingdom and Poland.
The Crop Protection Chemicals Market 2022 - 2030 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.
Reason to buy this report:
• Understand the Current and future of the Crop Protection Chemicals Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
- The latestdevelopments within the Crop Protection Chemicals market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.
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