Crop Protection Chemicals Market- Global Forecast till 2024

Crop Protection Chemicals Market is projected to reach USD 67.1 billion by 2024

Crop Protection Chemicals Market Research Report - Global Forecast till 2024

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Crop Protection Chemicals Market is projected to reach USD 67.1 billion by 2024

Crop Protection Chemicals Market Overview Crop Protection Chemicals are used to safeguard the crops from conditions that pose potential damage to the growth of the crops. Crop Protection Chemicals have become an integral part of the agricultural practices. Without them, many crops would suffer dramatic losses. The most commonly used Crop Protection Chemicals include herbicides, fungicides, insecticides, and others.

Global Crop Protection Chemicals Industry help in improving agricultural productivity by killing unwanted herbs and weeds in the plantation. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the Crop Protection Chemicals Market.

Growing acceptance of modern farming is adding fuel to the growth of Crop Protection Chemicals Market. Owing to the demand for improving the efficiency of Crop Protection Chemicals, major players are investing in research and development which is further boosting the growth of global Crop Protection Chemicals Market.

However, hazards associated with synthetic Crop Protection Chemicals have led to several stringent regulations on the use of Crop Protection Chemicals which may hamper the growth of Crop Protection Chemicals Market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.9% of Crop Protection Chemicals Market during the forecast period 2017-2023.

Downstream analysis 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,

concentrate,

capsule

wettable

suspensions,

powder,

and

others.

soluble Among

powder,

suspension

all,

suspension

the

concentrate is projected to grow substantially over the forecast period owing to reduced or no use of hazardous solvents and improved stability.

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Crop Protection Chemicals Market is projected to reach USD 67.1 billion by 2024

For More Information @ https://www.marketresearchfuture.com/reports/crop-protectionchemicals-market-5164 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.

Competitive analysis The major players in the 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)

Regional 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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Crop Protection Chemicals Market is projected to reach USD 67.1 billion by 2024

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