Crop Protection Chemicals Market Size | Global Industry Report 2018-2023

Crop Protection Chemicals Market 2018 Global Share, Trends, Size, Major Players and Forecast to 2023

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Crop Protection Chemicals Market 2018 Crop Protection Chemicals Market 2018: Global Share, Trends, Size, Major Players and Forecast to 2023 The global crop protection chemicals market is anticipated to expand at a CAGR of 4.9% over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in an extensive study.

Population explosion across the globe is putting ever more pressure on food supplies and higher demand for additional crop yields which demands crops to be protected from spoilage. Crop protection chemicals make harvesting easier and maintain consistent farm yield and control the growth of weeds. Modern farming practices advocate the use of crop protection chemicals to inhibit the growth of weed and other potentially damaging organisms on crops which boosts the growth of the global crop protection chemicals market.

On the flip side, concerned by the environmental and toxological properties of crop protection chemicals on the environment as well as human health, regulatory bodies across the globe continue to pressurize the crop protection industry which might dampen the growth of the market over the forecast period. North America and Europe have imposed legal restrictions on the use of certain c crop protection chemicals limit the growth of the market to some extent. However, Rigorous R&D activities aimed at reducing the impact of crop protection chemicals on the environment has resulted in the development of bio-based, organic crop protection chemicals that are not only potent but are also specific for the required purpose. Such developments are likely to open new growth avenues for the growth of the global crop protection chemicals market.

The global crop protection chemicals market might face challenges on its growth trajectory in the form of lack of understanding by growers on how to utilize innovations and a relatively lower level of technology use.

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Crop Protection Chemicals Market 2018 Market Segmentation Crop protection chemicals market is segmented on the basis of a type such as herbicides, fungicides, insecticides, and others.

Among them, the herbicides segment is dominating the market. The high utility of herbicides for destroying various herbs and unwanted weeds to minimize the crop loss is driving the growth of this segment. However, the fungicides segment is projected to grow substantially over the forecast period followed by insecticides segment.

Based on the formulation, the crop protection chemicals market is segmented into emulsifiable concentrates, wettable powder, soluble powder, suspension concentrate, capsule suspensions, and others. Among all, the suspension concentrate is projected to grow substantially over the forecast period owing to reduced or no use of hazardous solvents and improved stability.

On the basis of the method of application, the crop protection chemicals market is segmented into foliar, soil treatment, seed treatment, and others. The foliar applied crop protection chemicals are dominating the market and are expected to grow substantially over the forecast period.

Based on the application of crop protection chemicals, the market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Among all, the fruits and vegetables segment is dominating the market. However, the cereals and grains segment is expected to witness substantial growth over the forecast period.

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Crop Protection Chemicals Market 2018 Major Players in this Research: Key Players for Crop Protection Chemicals Market: • BASF SE (Germany) • The Dow Chemical Company (U.S.) • Monsanto Company (U.S.) • FMC Corporation (U.S.) • Bayer AG (Germany) • Agrium Inc (Canada) • Syngenta AG (Switzerland)

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Crop Protection Chemicals Market 2018 Regional Market Analysis The global Crop protection chemicals market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific dominates the market and is projected to witness substantial growth over the estimated period. India and China which are two of the largest countries in terms of population are majorly contributing to the growth of crop protection chemicals in this region.

In North America, the U.S. is the major contributor to crop protection chemicals. However, stringent environmental regulations in the developed economies of North America and Europe are expected to restrain the market growth in these regions. Bio based crop protection chemicals are expected to offer huge growth opportunity in North America and Europe. For rest of the world, South America is projected to witness high growth owing to increasing demand for crops in this region.

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