Title: Global Crop Protection Chemical Market Share & Trends Analysis Report By Type, By Product Type, By Medical Application, And Forecasts, 2018 - 2023
1 Global Crop Protection Chemicals Market
Stimulated by Demand for Bio-Based Products
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3Report Description and Highlights
Report Description
Global Crop Protection Chemicals Market
Stimulated by Demand for Bio-Based Products The
global crop protection chemicals market has
witnessed a positive growth over the past several
years. This can be attributed to the rising
awareness among the farmers along with the
introduction of bio-based chemicals which are
environment-friendly. According to the latest
report by IMARC Group, titled Crop Protection
Chemicals Market Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast
2018-2023, the global crop protection chemicals
market reached a value of US 57.7 Billion in
2017. Since the beginning of agricultural
practices, attempts have been made to protect the
crops from fungi, pests or insects. The emergence
of crop protection chemicals, such as
insecticides, pesticides, herbicides, fungicides,
etc., have replaced the use of the compounds used
earlier, such as arsenic and mercury salts. These
chemicals enable the farmers to improve the yield
and quality of their crops in a cost-effective
way. Over the years, the manufacturers have
developed innovative products and cutting-edge
technology to protect crops from being destroyed,
which has provided a positive thrust to the crop
protection chemicals market.
4Report Description and Highlights
Report Description
- Global Crop Protection Chemicals Market Trends
- The frequent outbreaks of pest attacks on crops
coupled with the rising need for food security
have compelled the farmers to increase the usage
of crop protection chemicals so as to maximize
crop yield and minimize losses. Along with this,
growing awareness among the farmers regarding the
benefits of these chemicals has led to an
increase in their consumption. Recently, a number
of programs have also been introduced in across
the world, particularly in Europe, to ensure that
all the agrochemicals available in the market
cater to the modern safety and environmental
standards. This, in turn, has encouraged the
manufacturers to produce bio-based chemicals
derived from natural sources, such as plants,
bacteria, animals, fungi, etc. Due to their
beneficial properties and lower environmental
impact as compared to conventional products, the
demand for bio-based crop protection chemicals is
anticipated to increase in the near future.
Looking forward, the market is projected to reach
a value of US 77.3 Billion by 2023, exhibiting a
CAGR of around 5 during 2018-2023. - Global Crop Protection Chemicals Market Summary
- Based on product type, the market has been
segmented as herbicides, fungicides, insecticides
and others. Amongst these, herbicides are the
most popular product, holding the largest share.
5Report Description and Highlights
Report Description
-
- On the basis of origin, the market has been
categorized into synthetic and natural chemicals.
Currently, synthetic chemicals dominate the
market, accounting for the majority of the
overall market share. - Based on crop type, cereals and grains represent
the largest segment, followed by oilseeds and
pulses fruits and vegetables and others. - The market has further been categorized on the
basis of form into solid and liquid crop
protection chemicals. Presently, crop protection
chemicals in the liquid form account for the
largest share. - On the basis of mode of application, foliar spray
leads the market, holding the biggest share.
Other major application modes include seed
treatment and soil treatment. - Region-wise, Asia Pacific enjoys the leading
position in the global crop protection chemicals
market. Other major regions are North America,
Europe, Middle East and Africa, and Latin
America. - The competitive landscape of the market has also
been examined with some of the key players being
BASF SE, The DOW Chemical Company, Dupont,
Sumitomo Chemical Co., Ltd, Syngenta AG, Bayer
Crop science AG, FMC Corporation, Monsanto
Company, Nufarm Limited and ADAMA Agricultural
Solutions Ltd. - Read more here http//bit.ly/2KeLmSt
- Want more information about this market? Request
a free report sample - https//www.imarcgroup.com/request?typereportid
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6Report Description and Highlights
Browse More Related Reports Electronic
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7Report Description and Highlights
Report Description
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