Crop protection chemicals help in improving agricultural
productivity by killing unwanted herbs and weeds in the plantation. Increasing
population and growing demand for food have led to high agricultural
productivity which is driving the growth of the crop protection chemicals
market. Moreover, limited availability of cultivable land and the pressure to
increase farm productivity is boosting the demand for crop protection
chemicals.
Growing acceptance of modern farming is adding fuel to the growth of
crop protection chemicals market. Owing to the demand for improving the
efficiency of crop protection chemicals, major players are investing in
research and development which is further boosting the growth of global crop
protection chemicals market. However, hazards associated with synthetic crop
protection chemicals have led to several stringent regulations on the use of
crop protection chemicals which may hamper the growth of crop protection
chemicals market. Nevertheless, all these factors are projected to contribute
to the estimated CAGR of 4.9% of crop protection chemicals market during the
forecast period 2017-2023.
Worldwide Competitive Analysis:
- FMC Corporation
- Bayer AG
- Agrium Inc
- BASF SE
- Monsanto Company
- The Dow Chemical Company
- Syngenta AG
Crop protection chemicals market is segmented on the basis of a type
such as herbicides, fungicides, insecticides, and others. Among them, the
herbicides segment is dominating the market. The high utility of herbicides for
destroying various herbs and unwanted weeds to minimize the crop loss is
driving the growth of this segment. However, the fungicides segment is
projected to grow substantially over the forecast period followed by
insecticides segment.
Based on the formulation, the crop protection chemicals market is
segmented into emulsifiable concentrates, wettable powder, soluble powder,
suspension concentrate, capsule suspensions, and others. Among all, the
suspension concentrate is projected to grow substantially over the forecast
period owing to reduced or no use of hazardous solvents and improved stability.
Based on the method of application, the crop protection chemicals
market is segmented into foliar, soil treatment, seed treatment, and others.
The foliar applied crop protection chemicals are dominating the market and are
expected to grow substantially over the forecast period.
Based on the application of crop protection chemicals, the market is
segmented into oilseeds & pulses, cereals & grains, fruits &
vegetables, and others. Among all, the fruits and vegetables segment is
dominating the market. However, the cereals and grains segment is expected to
witness substantial growth over the forecast period.
Regional Analysis
The global Crop protection chemicals market is segmented into North
America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific
dominates the market and is projected to witness substantial growth over the
estimated period. India and China which are two of the largest countries in
terms of population are majorly contributing to the growth of crop protection
chemicals in this region.
In North America, the U.S. is the major contributor to crop
protection chemicals. However, stringent environmental regulations in the
developed economies of North America and Europe are expected to restrain the
market growth in these regions. Bio based crop protection chemicals are expected
to offer huge growth opportunity in North America and Europe. For rest of the
world, South America is projected to witness high growth owing to increasing
demand for crops in this region.
Market Segmentation
Crop protection chemicals market is segmented on the basis of type,
formulation, method of application, application, and region.
Access Full Report Details and Order this
Premium Report @ https://www.marketresearchfuture.com/reports/crop-protection-chemicals-market-5164
No comments:
Post a Comment