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 “Crop Protection Chemicals Industry 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.
Some of the companies that may contribute to the growth of this market in the forecast period are
- Marrone Bio Innovations,
- Nufarm Ltd,
- FMC Corp,
- BASF SE,
- Natural Industries,
- Dow AgroSciences,
- DuPont, Syngenta AG,
- Novozymes A/S,
- Sumitomo Chemical,
- Valent Biosciences
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.
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 crop protection chemicals Industry in Asia Pacific is likely to grow at the highest CAGR in the forecast period.
According to the report, the global market was valued at US$ 50.62 Billion in 2017 and recent technological advancements are likely to drive this market to reach a value of US$ 68.82 Bn by 2025.
The global crop protection chemicals Industry is gaining traction due to recent technological advancements and approvals on the manufacture crop protection chemicals. Moreover, increasing awareness regarding the use of environment-friendly products has led to an increase in demand for sustainable crop protection chemicals. Backed by these factors, leading companies are focusing on introducing nature-friendly ingredients within crop protection chemicals. The trend advocating the lesser use of synthetic alternatives is backed by availability of natural ingredients due to the rising emphasis on research and development (R&D) of crop protection chemicals.
By Crop Type
- Fruits & Vegetables
- Other Crops
By Mode of Application
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Synthetic Chemicals
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