According to a new market research report published by Global Insight Services “Crop Protection Chemicals Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Crop protection chemicals are substances that are used to protect crops from pests, diseases, and weeds. These chemicals can be applied to the soil, leaves, or seeds of a plant to prevent damage from pests or to kill them outright. Some common crop protection chemicals include herbicides, insecticides, and fungicides.
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Key Players
The key players in the market are BASF SE, Corteva Agriscience, Sumitomo Chemical Co. Ltd, Syngenta AG, Bayer Cropscience AG, FMC Corporation, Monsanto Company, Nufarm Limited, ADAMA Agricultural Solutions Ltd. and DuPont.
Key Trends
The key trends in crop protection chemicals technology are the development of more effective and environmentally friendly pesticides and the use of precision agriculture to target specific pests.
Pesticides are constantly being improved to be more effective at killing pests while reducing the amount of chemical that is needed, which reduces the impact on the environment. Newer pesticides are also designed to be more specific to the pests they are targeting, which reduces the chance of harming beneficial insects or other animals.
Precision agriculture is a growing trend that uses technology to target specific pests in a field. This can be done using drones or other sensors to identify hot spots of pests, and then applying pesticides only to those areas. This reduces the amount of pesticide used and the impact on the environment.
Key Drivers
The key drivers of the global crop protection chemicals market are the growing demand for food, the increasing population, and the declining arable land. The other drivers include the need for higher crop productivity, the changing climatic conditions.
The demand for food is increasing due to the growing population. The world population is projected to reach 9.7 billion by 2050. The increasing population will lead to the increased demand for food, which in turn will drive the demand for crop protection chemicals.
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Market Segmentation
The market is segmented by type, origin, application and region. By type, the market is segmented into (herbicides, insecticides, fungicides & bactericides. By origin, the market is divided into synthetic and biopesticides. By application, the market is bifurcated into foliar, seed treatment and soil treatment. By region the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Crop Protection Chemicals Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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