The latest report by IMARC Group, titled “Crop Protection Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global crop protection chemicals market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global crop protection chemicals market size reached US$ 88.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 116.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.28% during 2023-2028.
Crop protection chemicals refer to a class of agrochemicals that are utilized to protect crops from deterioration due to a wide range of external factors. These chemicals help in managing and minimizing plant diseases and are instrumental in reducing yield losses caused by pest infestation. Some of the most common chemicals used in crop protection include nitrogen, phosphate, and potash. In addition to increasing production of smaller areas, crop protection chemicals produce higher yields and therefore more food. They also protect the environment and make stored products more durable.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global market is primarily driven by the increasing need for higher yields in agricultural crops. This can be attributed to the considerable decline in arable lands due to rapid urbanization. In line with this, the rising population rates leading to the escalating need for food security is providing an impetus to the market. Moreover, the rising trend of organic farming resulting in the growing adoption of biopesticides in agriculture due to providing an impetus to the market.
Extensive research and development (R&D) activities in developing safer new molecular solutions for control of pests that have developed resistance to the older compounds is also propelling the market. Some of the other factors contributing to the market are favorable government initiatives and subsidies for safe farming, growth in horticulture and floriculture, and enhanced focus on sustainable development, and expanding crop supplier and manufacturing base networks.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BASF SE
- Corteva Agriscience
- Sumitomo Chemical Co., Ltd
- Syngenta AG
- Bayer Cropscience AG
- FMC Corporation
- Monsanto Company
- Nufarm Limited
- ADAMA Agricultural Solutions Ltd
Key Market Segmentation 2023-2028:
Breakup by Product Type:
Breakup by Origin:
Breakup by Crop Type:
- Cereal and Grains
- Fruits and Vegetables
- Oilseed and Pulses
Breakup by Form:
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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