Europe Crop Protection Chemicals Market to Witness Steady Growth During Forecast Period
Growing need to improve the crop health and rising food demand is expected to drive the growth of Europe crop protection chemicals market.
According
to TechSci Research report, “Europe Crop Protection
Chemicals Market By Type (Herbicides; Insecticides; Fungicides; and Others), By
Origin (Synthetic Vs. Biopesticides), By Form (Liquid and Solid), By Mode of
Application (Foliar Spray; Seed Treatment; Soil Treatment; and Others), By Country,
Forecast & Opportunities, 2025”, the Europe crop protection chemicals market is expected to
grow at a steady rate during the forecast period on account of increasing
production of cereals, grains, fruits & vegetables, among others.
Additionally, changing climatic conditions are also expected to have a positive
impact on the growth of market. Furthermore, technological advancements and
adoption of advanced farming techniques such as precision agriculture, smart
plantation, etc., are propelling the market growth in the region. Besides,
increase in crop losses due to pest and insect attacks, is further anticipated
to bolster the growth of market through 2025. Growing popularity of less toxic
and ecofriendly crop protection chemicals such as biopesticides, organic
fertilizers, is also expected to aid the market growth in the years to come. However,
there are certain factors that might act as major impediments to the growth of
Europe crop protection chemicals market through 2025 such as increasing research
and developmental costs, growing number of health hazards associated with the
excessive use of crop protection chemicals and stringent regulations by
different government and environmental agencies on their use. Along with this,
use of alternative methods for controlling pets/ insects/ weeds might also slow
down the growth of market.
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The Europe crop protection chemicals market is segmented based on type,
origin, form, mechanism of application, company and region. Based on origin,
the market can be bifurcated into synthetic and biopesticides. Here, the biopesticides
segment is expected to grow significantly during the forecast period. This can
be ascribed to their increasing demand among the farmers on account of their
low toxicological profile and eco-friendly characteristics. Furthermore, these
biopesticides are less detrimental to humans, available at an affordable price
and highly target specific. They do not harm the non-target species. Also, they
decompose easily without leaving any residue behind, thereby driving the growth
of segment. In terms of type, the market can be categorized into herbicides,
insecticides, fungicides and others. Among these, the insecticides segment is
expected to register significant growth in the market over the next few years, which
can be accredited to their extensive use during staple crop cultivation as these
crops are highly attacked by insects.
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, Nufarm Limited, ADAMA Agricultural
Solutions Ltd., Makhteshim Agam, Arystya Lifescience, Valent Biosciences
Corporation, Koppert BV, Corteva Agri Science, UPL Limited and
others are some of the leading players operating in Europe 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 and expand their geographic reach.
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“Europe
is expected witness significant growth in
the crop protection chemicals market during the forecast period, which is
attributable to growing acceptance of modern farming techniques in the region. In
addition to this, continuous advancements in the crop protection techniques
against pests/ insects/ weeds is further expected to propel the market over the
next few years. Additionally, key manufacturers are also setting up their
manufacturing units in the region, which is anticipated to positively impact
the market growth through 2025.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Europe Crop Protection Chemicals Market By Type
(Herbicides; Insecticides; Fungicides; and Others), By Origin (Synthetic Vs.
Biopesticides), By Form (Liquid and Solid), By Mode of Application (Foliar
Spray; Seed Treatment; Soil Treatment; and Others), By Country, Forecast &
Opportunities, 2025”,” has
evaluated the future growth potential of Europe 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 Europe crop protection chemicals market.
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