The Crop Protection Chemicals Global Market Report 2023 by The Business Research Company, provides crop protection chemicals market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Crop Protection Chemicals Global Market Report 2023, the market size grew from $60.7 billion in 2022 to $64.62 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the crop protection chemicals is expected to grow to $78.95 billion in 2027 at a CAGR of 5.1%.
The increasing need for food owing to the rising population is significantly contributing to the growth of the crop protection chemicals market. Food is any nutritious substance that is consumed by people to maintain growth and life. As the world’s population grows, so does the demand for high-yielding crops and crop protection. As a result, the demand for crop protection chemicals in the fields grows as well.
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The crop protection chemicals market is segmented:
1) By Type: Fungicide, Insecticide, Nematicide, Herbicide
2) By Origin: Synthetic, Bio-Based
3) By Mode Of Applications: Foliar Spray, Soil TreATMents, Seeds TreATMents, Other Mode Of Applications
4) By Applications: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercials Crop
Technological advancements have emerged as a key trend in the crop protection chemicals market. Major companies operating in the crop protection chemicals sector are focused on developing new technological solutions to promote their growth and reach consumer demand. For instance, in November 2021, Syngenta Crop Protection, a Switzerland-based agricultural science, and technology company launched PLINAZOLIN technology with IRAC Group 30, a novel mode of action that protects crops from a wide variety of pests. It replaces previous, less effective chemicals and provides an effective solution in resistance control tactics. PLINAZOLIN technology’s sunshine stability and rain resistance enable wider spray intervals and fewer applications to improve crop performance and efficiency.
Major Players:
- BASF SE
- Bayer CropScience AG
- Syngenta International AG
- Sumitomo Chemicals
- Nufarm Ltd.
The crop protection chemicals market report table of contents includes:
1. Executive Summary
2. Crop Protection Chemicals Market Characteristics
3. Crop Protection Chemicals Market Trends And Strategies
4. Crop Protection Chemicals Market – Macro Economic Scenario
5. Crop Protection Chemicals Market Size And Growth
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28. Key Mergers And Acquisitions In The Crop Protection Chemicals Market
29. Crop Protection Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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