The Global Crop Protection Chemicals Market is all about
the industry that makes and sells chemicals to protect crops from
things like bugs, diseases, and weeds. These chemicals help farmers
keep their crops healthy and grow more food. It's a big business
with lots of companies involved, and it's important for making sure
we have enough food to eat.
BOSTON, May 21, 2024
/PRNewswire/ -- According to the latest BCC Research study, the
demand for Global Crop Protection Chemicals Market expected to grow
from $87.6 billion in 2023 and will
reach $114.7 billion by the end of
2028 at a compound annual growth rate (CAGR) of 5.5% from 2023
through 2028"
In farming, keeping crops safe from pests, diseases, and weeds
is super important. That's where crop protection chemicals come
in—they help farmers protect their crops so they can grow more food
for us to eat. This report talks about how these chemicals are
used, what kinds there are, and where they come from. It also looks
at how the market for these chemicals is doing now and predicts how
it will grow in the future. The report breaks down the market into
different categories, like the type of chemicals used, how they're
applied, and the kinds of crops they're used on.
Some Interesting Facts
More and more, technology is being used in farming to help apply
crop protection chemicals better. In places like the U.S. and other
rich countries, they're using drones and smart digital tools to
spray the chemicals on crops and keep an eye on how they're doing.
These digital tools also help farmers track pests and analyze data
to manage them better.
To discover more insights and information about global crop
protection chemicals market, click here for further
exploration.
Global crop protection chemicals market is driven by factors
such as:
- Rising Population and Growing Demand for Food: it's
about more people being born and needing more food to eat. As the
number of people increases, so does the need for food because there
are more mouths to feed. This means farmers must work harder to
produce more food to make sure everyone has enough to eat.
- Actions by Governmental and Regulatory Organizations.:
Governmental and regulatory organizations take actions to make
rules and ensure everyone follows them. These rules cover different
areas like safety, protecting the environment, keeping the economy
stable, and looking after people's well-being. They create laws and
guidelines to control industries, make sure everyone plays fair,
and keep things transparent. They might do things like passing
laws, checking if businesses are following the rules, giving out
licenses, and punishing those who break the rules. These actions
are important because they keep things organized, ensure everyone
follows the rules, and make sure everyone is treated fairly.
- Technological Advances.: are basically improvements or
new inventions in technology that make things easier, faster, or
better. They could be completely new ideas, upgrades to existing
stuff, or finding new ways to use technology. These advancements
happen in lots of areas like medicine, phones, energy, and farming.
For instance, think about the internet, smartphones, renewable
energy, or smart machines like those that use artificial
intelligence. These advancements are important because they push us
forward, make life better, and change how we do things.
- Increased Demand for Environmentally Friendly Solutions:
More people want things that are good for the environment. This
means using stuff like renewable energy, cutting down on pollution,
recycling, and making products that break down naturally. People
are thinking more about things like climate change and pollution,
so they're choosing options that are better for the planet. This is
making industries come up with more eco-friendly choices because
that's what people want.
- Emerging Market: an emerging market in the crop
protection chemicals industry is a place where there's increasing
demand for these chemicals because the economy is growing quickly,
and farming is getting more advanced. In these places, farmers are
making more money, using modern farming methods, and realizing the
importance of protecting their crops from pests and diseases. This
creates a big opportunity for companies that make and sell these
chemicals to grow their businesses and attract new customers.
- Integrated Pest Management for Agriculture's Sustainable
Intensification: Integrated Pest Management (IPM) for
Agriculture's Sustainable Intensification is a farming method that
boosts crop productivity while being gentle on the environment.
Instead of relying too much on harmful chemicals, farmers use
clever strategies like rotating crops, inviting helpful insects,
and picking resistant crops to control pests and diseases. The aim
is to produce more food without harming nature, ensuring farms can
thrive for years to come. This is crucial as we need more food but
also need to safeguard our environment.
Request a Sample Copy of the Global Crop
Protection Chemicals Market
Report
Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$84.3
billion
|
Market Size
Forecast
|
$114.7
billion
|
Growth Rate
|
CAGR of 5.5% from 2023
to 2028
|
Segment
Covered
|
By Type, Form, Source,
Application Technique, Crop Type, and Region
|
Regions
covered
|
North America;
Asia-Pacific; Europe, Middle East and Africa (EMEA); and South
America
|
Countries
covered
|
China, the U.S., India,
Russia, Australia, Canada, Mexico, Brazil and Argentina
|
Key Market
Drivers
|
•
Rising Population and Growing Demand for
Food
•
Actions by Governmental and Regulatory
Organizations
•
Technological Advances
•
Increased Demand for Environmentally
Friendly Solutions
•
Emerging Market
•
Integrated Pest Management for
Agriculture's Sustainable Intensification
|
Segmentation Analysis
In terms of type- The market is divided
into different types of crop protection chemicals, including
herbicides for weeds, insecticides for bugs, fungicides for
diseases, and other types for various purposes.
In terms of form-The market is categorized based on the
form of crop protection chemicals, which can either be liquid or in
a dry/solid form.
In terms of source-The market is divided by the source of
crop protection chemicals, which are either synthetic or
natural/biobased.
In terms of application technique-The market is
categorized based on how crop protection chemicals are applied,
including foliage spray, granular application, seed treatment, and
other methods.
In terms of crop type-The market is classified based on
the types of crops that the protection chemicals are used on,
including cereal and grains, fruits and vegetables, oilseed and
pulses, and other crops.
In terms of region type-The market is categorized by
region, including North America,
Asia-Pacific, Europe, Middle
East & Africa, and the
Rest of the World.
This report on global crop protection chemicals market
provides comprehensive insights and analysis, addressing the
following key questions:
- What is the projected market size and growth rate of the
market?
The estimated market size of the liquid crystal polymer market will
be $ 114,719.7 million by 2028, with
a CAGR of 5.5%.
- What are the key factors driving the growth of the market?
- Increasing Demand for Food Grain
- Actions Made by Governmental and Regulatory Organizations
- What segments are covered in the market?
The market is segmented based on type, source, form, application
technique, crop type, and region. Segmentation based on type, the
market is segmented into herbicides, insecticides, fungicides, and
others. Based on form, the market is segmented into liquid and
dry/solid. Based on source, the market is segmented into synthetic
and natural/biobased. Based on application technique, the
market is segmented into foliage spray, granular application, seed
treatment, and others. Based on crop type, the market is segmented
into cereal and grains, fruits and vegetables, oilseed and pulses,
and others. Regional estimates and forecasts comprise North America, Europe, Middle
East & Africa,
Asia-Pacific, and South America.
- By crop type, which segment will dominate the market by the end
of 2028?
The cereal and grains segment will continue to dominate the market
by the end of 2028.
- Which region has the highest market share in the market?
Asia-Pacific holds the largest
market share due to the highest agricultural tradition, population,
and presence of many players in this region.
Some of the Key Market Players Are:
- ADAMA
- BASF SE
- BAYER AG
- CHR. HANSEN A/S
- CORTEVA
- FMC CORP.
- NUFARM
- SUMITOMO CHEMICAL CO. LTD.
- SYNGENTA
- UPL
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