Felton, 29 November
2019 - Crop Protection Chemicals Market is
expected to cross USD 90.09 billion in the forecast period. Crop protection
chemicals industry is driven by factors such as rise in necessity for enhanced
crop yield to suffice the food demands for rapidly growing population. In
addition, inclination toward bio-pesticides when compared to synthetic
pesticides is likely to contribute to the market growth in the forecast period.
The market witnesses several opportunities in the form of rise in demand for
food across various parts of globe. However, land scarcity and limited food
supply are likely to disturb the market growth in the forecast period upto
2022.
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Crop protection chemicals for agriculture have not only
played a significant role in production of food to support food demands but
also lower the risk of infestation and infectious disease transmitted by
micro-organisms and insects. Evolution in technologies such as chemicals,
automated high-throughput, crop genetics, formulations, and smart agriculture
is likely to offer new tools in the discovery and progress of agrochemicals.
Commercially, crop protection chemicals are also known as
fungicides, herbicides, and insecticides. Pests being the living organisms can
cause injury or possible damage to crops, stocked food, and livestock. They can
significantly lessen the potential of farming, raise production costs, and to
make matters worse, pests can even destroy an entire cropping system. Hence,
there are multiple ways to control the pests and the objective is to minimize
the damage and keep pest population below the economic damage.
At times, alternative methods are followed in place of
protection chemicals. For instance, physical and mechanical control issued for
weed control. Biological control methods are used to lessen the potential of
pest species. Genetic control methods are used for plant breeds with pest
resistant features. The crop protection chemicals market is segmented into
product, application, and region. Geographical segmentation for crop protection
chemicals industry include North America, South America, Europe, Asia-Pacific,
Middle East and Africa.
European crop protection market leads in the global scenario
owing to high demand for vegetable and fruits. Middle Eastern regions are
likely to gain a strong market position in the crop protection chemicals market
due to extensive farming and agricultural practices. Asia-Pacific’s crop
protection chemicals industry is expected to gain a prominent position due to
smart agricultural practice; demand for food on regular basis, and rise in
technology with respect to agriculture.
The key players in the crop protection chemicals market
include Marrone Bio Innovations, BASF SE, Nufarm Ltd, DuPont, BioWorks, FMC
Corp, Natural Industries, Monsanto, Syngenta AG, Sumitomo Chemical, Valent
Biosciences and Novozymes A/S.
Market Segment:
Crop Protection
Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)
• Herbicides
• Fungicides
• Insecticides
• Others
Crop Protection
Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2012 -
2022)
• Fruits &
vegetables
• Cereals
• Maize
• Cotton
• Rice
• Others
Crop Protection
Chemicals Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2012 -
2022)
• North America
• Europe
• Asia Pacific
• Rest of the
world
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