Crop Protection Chemicals Market Business Players 2019-2023 by BASF SE, The Dow Chemical Company, Monsanto Company, Bayer AG, Syngenta AG

Crop protection chemicals 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. Moreover, limited availability of cultivable land and the pressure to increase farm productivity is boosting the demand for crop protection chemicals.

Top Key Players:

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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Market Forecast

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.

Key Outcomes:

Bio based crop protection chemicals are expected to offer huge growth opportunity in North America and Europe.
Synthetically produced crop protection chemicals are gaining popularity globally owing to low cost and higher efficiency
Segmnetation:

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.

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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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This release was published on openPR.