The Global Crop Protection Chemicals Market is boosted by recent increase in the production of these chemicals. Fortune Business Insights has published a report, titled “Market Size, Share and Global Trend By Product Type (Herbicides, Insecticides, Fungicides), Origin (Synthetic Chemicals, Bio-based) and Geography Forecast till 2025,” which offers insights into various factors enabling growth in the market.
- Bayer Crop Science
- FMC Corporation
- Adama Argentina
- Sumitomo Chemical: Group Companies of the AmericasUPL Ltd.
South America to Emerge as the Leading Segment
The crop protection chemicals market in South America is likely to emerge as the highest valued market among all regions. Fortune Business Insights predicts that the regional market in Asia Pacific and Europe to rank second and third, trailing South America over the course of the forecast period. The growing awareness regarding benefits of using crop protection chemicals in crop yield is a major factor that boosts the market in South America. Furthermore, increasing investments on research and development of crop protection chemicals in Asia Pacific is another factor that is estimated to drive the regional market in the forecast period. Thus, the market in Asia Pacific is likely to grow at the highest CAGR in the forecast period.
Increasing Demand for Biofuels to Drive the Market
Growth in biofuel crops farming in Latin America may boost the market in this region in the near future. Biofuels are derived from crops such as sugarcane, rapeseed, wheat, soybean and corn and these crops are produced in abundance. The crop protection chemicals market in Asia Pacific is likely to expand at a high rate due to the increasing demand for biofuels. The increasing demand for biofuels has lessened the dependency on conventional fuels and this factor may drive the regional market in the forthcoming years.
Relaxation in Regulatory Compliances is Encouraging Manufacturers
Less stringent rules for product approvals are encouraging many companies to invest in the manufacturing of these products. Furthermore, investment towards research and development of crop protection chemicals is poised to surge in the coming years. The aforementioned factors have had a direct impact on the global market and are likely to create growth opportunities in the market over the forecast period.
- Synthetic Chemicals
By Mode of Application
- Foliar Spray
- Soil Treatment
- Seed Treatment
By Crop Type
- Fruits & Vegetables
- Other Crops
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