Overview:

The global crop protection chemicals market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The chemicals that are used to protect crops, increase yield, and improve the quality are referred as crop protection chemicals. These chemicals are commonly categorized into herbicides, fungicides, and insecticides. These chemicals help to maintain and gain expected crop yield year on year and are a cost-effective option to protect crops from attack of insect and fungi.

Market Dynamics:

The growing population across the globe is resulting in growing food demand which is a major factor driving growth of the global crop protection chemicals market. For instance, according to Worldometers.info in 20^th century the global population has been increased from 1.65 Bn to 6 Bn. This exponential growth in the population is driving high demand for healthy food across the globe.

In addition, increased product development and product launches by key players is another major factor propelling crop protection chemicals market growth. The manufacturers are focusing on safer and more effective product launches and the output of these efforts is resulting in advanced crop protection chemicals launches.

Moreover, changing climatic conditions, rising pest attack on agriculture crops, and growing incidence of plant disease are some other factors supporting target market growth. The rising incidence of sudden temperature changes and changes in season patterns is affecting the plant growth and yield. Hence, the use of crop protection chemicals is growing year on year and thus driving growth of the global market.

Key Trends:

Growing strategic collaborations among leading market players is a key trend witnessed in the global crop protection chemicals market. For example, in November 2020, BASF SE and TECNALIA jointly announced collaboration in digitalization to accelerate the R&D of new crop protection products. Through this collaboration the companies has developed digital technology that is enable to recognize the quantity and species of plant and pest or disease in greenhouse and trial fields.

Regional Analysis:

For detailed understanding of market dynamics, the global crop protection chemicals market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market dominated the global market with highest market share in 2019. This is owing to strong presence of leading companies in the region. Also, high R&D activity, high product awareness among farmers, and supportive regulations are some other factors supporting growth of the target market in the region.

However, the target market in Asia Pacific region is expected to witness strong growth during the forecast period. This is highly attributed to rising focus on high crop yield among farmers, growing incidences of pest attack, and environmental changes that are affecting overall yield.

Scope of the Report:

Detailed Segmentation:

Global Crop Protection Chemicals Market, By Form:

• Solid
• Liquid

Global Crop Protection Chemicals Market, By Product Type:

• Herbicide
• Fungicide
• Insecticide
• Other

Global Crop Protection Chemicals Market, By Source:

• Synthetic Chemicals
• Biologicals

Global Crop Protection Chemicals Market, By Crop Type:

• Cotton
• Cereals
• Fruit & Vegetables
• Maize
• Rice
• Other Crops

Key Players Covered:

Key players operating in the global crop protection chemicals market includes Bayer Cropscience AG, Syngenta AG, BASF SE, Corteva Inc., FMC Corporation, PI Industries Ltd., The Dow Chemical Company, Nufarm Limited, Bioworks Inc., and DuPont de Nemours, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Crop Protection Chemicals Market by form, product type, source, crop type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global crop protection chemicals market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.