Better Outlook on Crop Protection Chemicals With Their Growth, Industry Share and Full Information on Leading Competitors | BASF SE, E.I. Dupont De Nemours and Company, Syngenta AG, FMC Corporation so on.

Crop Protection Chemicals Snapshot:
Crop protection Chemicals is the science and practice of managing plant diseases, weeds and other pests (both vertebrate and invertebrate)that damage agricultural crops and forestry.

The Global Crop Protection Chemicals Market was valued at USD 54.80 billion in 2016 and is projected to reach USD 85.01 billion by 2025, growing at a CAGR of 5.0% from 2017 to 2025. Increasing necessity of enhanced crop yield to fulfill the demand by the rising population in the emerging economies is expected to compel farmers to opt for the use of crop protection chemicals.

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Initiatives taken by the manufacturers to produce bio-based chemicals from innovative sources such as plants, animals, and bacteria, which will have a low environmental impact, is expected to drive growth. The industry is expected to witness high growth in the developing economies including Brazil and India owing to high investments in the agricultural sector in the region.

Regional Insights:

The demand for herbicides in Europe stood at USD 8.18 billion in 2017. High product demand for fruits and vegetables to combat weed is expected to have a positive impact on the industry growth. Furthermore, growing demand for the product to wipe out invasive plant species in undesirable places is expected to drive growth.

The Asia Pacific accounted for a significant share in the market as the region is one of the major producers of agricultural products including cotton, rice and maize. The region primarily produces various types of subtropical and tropical fruits. Moreover, the principal crops grown in the region are rice, pulses, and wheat which demand crop protection chemicals for better quality and yield, thus driving the product demand.

Variation in the climatic condition in North America, which enables the production of wide variety of crops is expected to have a positive impact on the industry growth over the forecast period. The U.S. is a key producer and exporter of soybean, cotton, and rice thus demands high quantities of crop protection chemicals.

Insecticide accounted for the 20.7% of the European crop protection chemicals industry in 2017 and is expected to grow at a CAGR of 6.9% over the forecast period. Stringent government regulations imposed by the Europe on the use of harmful chemicals for agricultural applications is expected to hamper growth of insecticides in the region.

Application Insights:

Crop protection chemicals demand for fruits and vegetables is expected to grow at a CAGR of 7.0% over the forecast period, owing to rising demand from food processing industry. Changing consumer dietary habits, which demand healthy and good quality fruits and vegetables are expected to propel demand.

The major players in the market are as follows: BASF SE, E.I. Dupont De Nemours and Company, Syngenta AG, FMC Corporation, Nufarm Limited, The DOW Chemical Company, Sumitomo Chemical Co., Ltd, Bayer Crop science AG, Monsanto Company, ADAMA Agricultural Solutions Ltd. Among Others.

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