Crop Protection Chemicals Market Is
Expected to Reach USD 77.53 Billion By 2022
The
global crop protection chemicals market is expected to grow at a CAGR of 5.5%
from 2017 to 2022 to reach USD 77.53 billion by 2022, according to the latest
publication from Meticulous Research®. The report provides in-depth analysis of
crop protection chemicals market in four major geographies with country level
analysis and emphasizes on the current market trends, market size, market
share, recent developments, and forecast till 2022. The study offers a
comprehensive analysis of crop protection chemicals market by type, use, crop
types, application, form, and geography.
Growth
of crop
protection chemicals market is primarily attributed to the rising
need to ensure food safety of growing population across the globe. World
population is expected to grow by 2.3 billion people, between 2009 and 2050.
While there is significant drop in the amount of land being used for the
agricultural practices in developed countries, according to FAO, arable land in
developed countries is expected to decline by 8% by 2050. This would create
additional burden on the agricultural sector to increase the production
significantly.
Technological
advancements in terms of advanced application methods also aids in the growth
of crop protection chemicals market. However, there is a rising concern about
the chemical residues in the food and harmful environmental effects of some of
the crop protection chemicals which results in banning or prohibiting the use
of certain chemicals in agriculture. For instance, the most commonly used crop
protection chemical DDT was banned when it was discovered that it has impacted
the reproduction ability of several fish-eating birds.
Browse
In-Depth report on:
https://www.meticulousresearch.com/product/crop-protection-chemicals-market-global-forecast-to-2022/
Also,
many crop protection chemicals are known to cause terminal illness to human
being, which made government bodies to come up with the stringent rules and
regulations to monitor the production and distribution of such chemicals. In
developed countries, the rise in health consciousness has created the need for
organic food which certainly has negative impact on the growth of crop
protection chemicals market in long run.
The
global crop protection chemicals market is mainly segmented by type (synthetic,
natural), use (herbicides, insecticides, fungicides, and others), crop types
(cereal & grains, oilseed & pulses, fruits & vegetables),
application (spraying, dusting, seed treatment, soil treatment, volatilization,
and others), and form (solid and liquid).
Geographically
this market is segmented in to North America (U.S., Canada, and Mexico), Europe
(France, Germany Spain, Italy, U.K. and RoE), Asia Pacific (China, Japan,
India, Australia, and RoAPAC), Latin America (Brazil, Argentina, RoLATAM), and
Middle East & Africa. Latin America is the leading market in the global
crop protection chemicals market, followed by Asia-Pacific region. Both
Asia-Pacific and Latin American regions are expected to witness significant
growth during the forecast period mainly due to the rising need to ensure the
food safety for its continuously soaring population.
The
market is dominated by few global players despite of facing stiff competition
from some of the local players operating at the regional levels. The key
players operating in the global crop protection chemicals market includes the
BASF SE, Syngenta AG, E.I. DUPONT De Nemours And Company, FMC Corporation,
Sumitomo Chemical Co., Ltd, BAYER Crop science AG, Nufarm Limited, The Dow
Chemical Company, Monsanto Company, ADAMA Agricultural Solutions Ltd., and
Platform Specialty Products Corporation.
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more info, please download sample report:
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the meticulous primary and secondary research techniques, we have built strong
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