APAC to Witness Significant Growth in Crop Protection Chemicals Market
Increasing demand for food across the globe to drive the growth of global crop protection chemicals market.
According
to TechSci Research report, “Global Crop Protection
Chemicals Market By Type (Herbicides; Insecticides; Fungicides; and Others), By
Origin (Synthetic Vs. Biopesticides), By Mode of Application (Foliar Spray;
Seed Treatment; Soil Treatment; and Others), By Region, Forecast &
Opportunities, 2025”, the global crop protection
chemicals market is expected to grow at a steady rate during the forecast
period on account of the decreasing arable land. Hence, increasing need to
protect crop growing in limited arable land is expected to drive the growth of
market during the next five years. Additionally, changing climatic conditions
are also expected to have a positive impact on the growth of market.
Furthermore, easy availability, low cost and high efficiency of these crop
protection chemicals have made them a popular choice among the farmers, thereby
propelling the market growth across the globe. Besides, increase in crop losses
due to pest and insect attacks is further anticipated to bolster the growth of
market through 2025. However, increasing R&D costs can hamper the growth of
market during forecast period. Additionally, there are a lot of health hazards
associated with the excessive use of crop protection chemicals and stringent
regulations by different government and environmental agencies on their use,
which might impede the growth of market. Moreover, use of alternative methods
to control pets, insects, weeds, etc., is also expected to slow down the growth
of market through 2025. Also, government has imposed ban on certain pesticides
and fertilizers thereby slowing down the growth of market.
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XX market data Tables and XX Figures spread through XXX
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Crop Protection Chemicals Market"
The global crop protection chemicals market is segmented based on type,
origin, mechanism of application, company and region. Based on type, the market
can be categorized into herbicides, insecticides, fungicides and others. The
insecticides segment is expected to register significant growth in the market
over the next few years on account of their extensive use during staple crop
cultivation as these crops are largely attacked by insects. Based on origin,
the market can be bifurcated into synthetic and biopesticides. The
biopesticides segment is expected to grow significantly during the forecast
period. This can be ascribed to their increasing demand owing to their low
toxicological profile and eco-friendly characteristics. Additionally, these
biopesticides are less detrimental to humans, available at an affordable price
and highly target specific. They do not harm the non-target species. Moreover,
they decompose easily without leaving any residue behind, thereby driving the
growth of segment.
BASF SE, The Dow Chemical Company,
E.I. du Pont de Nemours and Company, Sumitomo Chemical Co., Ltd., Syngenta AG, Bayer
Cropscience AG, FMC Corporation, Monsanto Company, Nufarm Limited, ADAMA
Agricultural Solutions Ltd., Makhteshim Agam, Arystya Lifescience, Valent
Biosciences Corporation, Koppert BV, Certis USA LLC, Corteva Agri Science, UPL
Limited, Rotam Cropscience, PI Industries, Cheminova A/S and
others are some of the leading players operating in global crop protection
chemicals market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share. For instance, in May 2019, BASF SE launched a fungicide “Seltima” for
efficient production of high quality rice. The product contains a special
encapsulation technology to ensure a controlled release of active ingredient
directly on the plant surface.
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“Asia-Pacific
is expected witness significant growth in
the crop protection chemicals market during the forecast period owing to the increasing
acceptance of modern farming techniques in the region. Additionally, advancements
in the crop protection techniques against pests, insects, weeds, etc., is
further expected to propel the market over the next five years. Moreover, key
manufacturers are also setting up their manufacturing units in the region,
which is anticipated to positively impact the market growth through 2025. Also,
increasing demand for low price crop protection chemicals coupled with the
increasing food demand in the region to fulfil the needs of the ever increasing
population, especially in countries like India and China is expected to create
lucrative opportunities for market players during the next few years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Crop Protection Chemicals Market
By Type (Herbicides; Insecticides; Fungicides; and Others), By Origin
(Synthetic Vs. Biopesticides), By Mode of Application (Foliar Spray; Seed
Treatment; Soil Treatment; and Others), By Region, Forecast &
Opportunities, 2025”,” has evaluated the future growth potential of global crop
protection chemicals market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global crop
protection chemicals market.
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