Crop Protection Chemicals Market Size, Share, Growth Trends, and Forecast - 2025

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MarketsandMarkets Presents
Crop Protection Chemicals Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/crop-protection-380.html

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The report "Crop Protection Chemicals Market by
Type (Herbicides, Insecticides, Fungicides
Bactericides), Origin (Synthetic, Biopesticides),
Form (Liquid, Solid), Mode of Application
(Foliar, Seed Treatment, Soil Treatment), Crop
Type and Region - Global Forecast to 2025" The
global Crop protection chemicals size is
estimated to be valued USD 63.7 billion in 2020
and is projected to reach a value of USD 74.1
billion by 2025, growing at a CAGR of 3.1 during
the forecast period. The growth of this market is
attributed to an increasing need for food
security of the growing population. Browse 115
market data Tables and 62 Figures spread
through 238 Pages and in-depth TOC on "Crop
Protection Chemicals Market - Global Forecast to
2025 South America is estimated to hold the
largest market share during the forecast
period South America is an emerging agricultural
powerhouse, growing at a rapid pace above the
global growth average. Growth in this region is
significantly contributed by the growth in Brazil
and Argentina, which are the worlds most potent
agricultural producers and are expected to grow
well above the regional average. The economic
growth in South America has been stimulated by
democratization, economic reforms, and the
foundation of the two trading blocs namely,
Mercosur and the Andean Pact. Download PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id380
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• Report Objectives
• To define, segment, and estimate the size of the
  Crop protection chemical market with respect to
  its type, source, form, application, and region
• To provide detailed information about the major
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the complete value chain and influence
  of all key stakeholders, such as manufacturers,
  suppliers, and end users
• To analyze the opportunities in the market for
  stakeholders and provide details of the
  competitive landscape for market leaders
• To profile the key players and comprehensively
  analyze their core competencies
• Secondary Research
• In the secondary research process, various
  secondary sources such as the Food and Drug
  Administration (FDA), United States Department of
  Agriculture (USDA), European Commission, Hoovers,
  Bloomberg BusinessWeek, and Dun Bradstreet were
  referred to identify and collect information for
  this study. These secondary sources included
  annual reports, press releases investor
  presentations of companies, white papers,
  certified publications, articles by recognized
  authors, food safety organizations, regulatory
  bodies, and trade directories.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id380

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Driver Increase in need for food security owing
to the rise in population According to the
International Food Policy Research Institute,
almost 690 million people went hungry around the
world in 2019, an increase of 10 million over
2018, and the COVID-19 pandemic could push an
additional 83 milllion-132 million into chronic
hunger in 2020, according to the 2020 State of
Food Security and Nutrition in the World (SOFI)
report, released July 13. The report provides the
latest authoritative estimates on global hunger,
malnutrition, and food insecurity. State of Food
Security and Nutrition in the World (SOFI) 2020
projects that 841.4 million people will be hungry
globally by 2030 if these trends continue, and
the world will not achieve its 2025 and 2030
targets of defeating malnutrition. According to
the FAO Chief Economist, attributed these
alarming findings to the unaffordability of
healthy diets, noting that globally, 3 billion
people lack the means and access to good
nutrition. In order to transform food systems to
reduce these costs, policy makers must look at
both supply and demand. Policies should enhance
the efficiencies of the food supply chain and
subsidize production of nutritious foods at the
same time, expanding social safety nets and
policies that encourage behavioral change can
promote healthier diets. People are considered
to have food security when they have access to
safe, nutritious, and sufficient food at all
times to maintain a healthy life. Due to the
continuous rise in population and limited
cultivable land to suffice the growing need for
food, there is less food security for the people.
To fulfill the future demand for food, there is a
need to increase food production across the
world. In such a scenario, the use of crop
protection products is inevitable. This situation
has driven the growth of the crop protection
chemicals market.Make an Inquiry
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uyingNew.asp?id380  
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Opportunity Rapid growth in the biopesticides
market and organic agriculture Biopesticides are
pesticides produced naturally, with minimum usage
of chemicals. Since growing environmental
considerations and the pollution potential and
health hazards from many conventional pesticides
are on an increase, the demand for biopesticides
has been rising steadily in all parts of the
world. Biopesticides are growing in popularity,
due to their less or non-toxic nature as compared
to synthetic pesticides. Moreover, biopesticides
provide more targeted activity to desired pests,
unlike conventional pesticides that often affect
a broad spectrum of insects, birds, and mammalian
species. Further, biopesticides can be very
effective in small quantities, offering lower
exposure and are quickly decomposable they leave
virtually no harmful residue after
application. The herbicides segment of the Crop
protection chemicals is projected to account for
the largest share, by type Herbicides are
substances that kill or inhibit growth of
unwanted plants (weeds). They are widely used in
weed control, which helps in enhancing crop
productivity and quality of output. Herbicides
help in reducing soil erosion and increase soil
fertility and crop yield. They are used to
control or kill unwanted plants and are often
known as weed killers. Use of herbicides in
agroecosystems may change composition of weed
populations. In wildlands, herbicides may
increase the diversity of native species. Threats
to plant biodiversity caused by habitat loss and
invasive species are far greater than threats by
use of herbicides. Some non-selective pesticides
are used in weed waste grounds, industrial sites,
railways, and railway embankments. Herbicides are
heavily consumed in the agricultural sector and
in landscape turf management. Speak to Analyst
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w.asp?id380
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• Recent Developments
• In November 2020, BASF and TECNALIA, a European
  centre for research and technological
  development, have collaborated in digitalization
  to accelerate the global research and development
  of new crop protection products. This contributes
  to a faster development of innovations that
  respond to farmers needs worldwide to control
  weeds, fungal diseases and insect pests in their
  crops. 
• In September 2019, Sumitomo Chemical Co., Ltd,
  (Sumitomo Chemical) announced today that it has
  agreed with Nufarm Ltd. (Nufarm), the leading
  crop protection company in Australia, to acquire
  all shares of Nufarms four South American
  subsidiaries in Brazil, Argentina, Chile and
  Colombia, through Sumitomo Chemical's fully owned
  subsidiaries in the region, i.e. Sumitomo
  Chemical Brazil for the Brazilian subsidiary, and
  Sumitomo Chemical Chile for the others. The
  acquisition is due to be completed upon approval
  by Nufarms shareholders meeting scheduled for
  December this year, subject to clearance by
  relevant regulatory authorities.
• In June 2020, Chr. Hansen and FMC Corporation
  extend collaboration on natural crop protection.
  Chr. Hansen and FMC Corporation have announced a
  five-year extension of their collaboration to
  develop and commercialize natural solutions for
  the agricultural industry.
• In March 2018, Syngenta had acquired Strider
  (US). Syngenta has entered into a binding
  agreement to acquire Strider, a Brazilian AgTech
  company focused on operational management
  solutions for farms. Completion of the
  transaction is subject to clearance by the
  relevant merger-control authorities. Financial
  terms of the transaction are not disclosed.
  Strider is an important player in the Latin
  American digital agriculture market and the
  transaction will enhance Syngentas ability to
  bring greater value to customers by providing
  innovative digital solutions for the management
  of on farm information.
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