Press release
Crop Protection Chemicals Market Latest Advancements and Global Outlook 2021-2025
“Global Crop Protection Chemicals Market: Size, Trends & Forecasts (2019-2023)” research study is segmented on the basis of applications, technology, geography and types. The report provides a detailed Crop Protection Chemicals Industry Overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the Crop Protection Chemicals Market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.The global crop protection chemicals market was valued at USD 57.5 billion in 2018 and is projected to register a CAGR of 3.4% during the forecast period (2019-2024). The herbicides accounted for the largest share of 42.7% in the market, followed by fungicides and insecticides with 28.4% and 24.3% in 2018, while nematicides are the fastest-growing market over the forecast period.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Company Coverage
Bayer Group
Syngenta
BASF Group
Dow Inc.
Executive Summary
Crop protection chemicals (CPC) which are popularly known as pesticides or agro chemical are used extensively by farmers to protect their crop from these unwanted agents. Crop protection chemicals provide farmers an economical way of improving the production as well as quality of crops. The crop protection chemicals are categorized into three: Herbicides, Insecticides, and fungicides.
The global crop protection chemicals market has increased over the years and is expected to grow in the next four years i.e. 2021 to 2025, particularly due to increasing demand of food as a result of rising global population. The global crop protection chemicals market is supported by various growth drivers such as increasing disposable income in emerging economies, shrinking area under cultivation, production of wide variety of crops etc.
Yet the market faces some challenges which are obstructing the growth of the market. Some of the major challenges before the industry are: stringent regulatory framework, harmful impact of chemical products, and high research & development cost. However trends such as increasing adoption of bio-pesticides, high investment in agriculture sector in developing regions, technological advancements etc. are expected to propel the growth of the market in the near future.
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This report on Global Crop Protection Chemicals market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Crop Protection Chemicals. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
Essential points covered in Global Crop Protection Chemicals Market 2017 Research are:-
What will the market size and the growth rate be in 2021?
What are the key factors driving the global Crop Protection Chemicals market?
What are the key market trends impacting the growth of the global Crop Protection Chemicals market?
What are the challenges to market growth?
Who are the key vendors in the global Crop Protection Chemicals market?
What are the market opportunities and threats faced by the vendors in the global Crop Protection Chemicals market?
What are the key outcomes of the five forces analysis of the global Crop Protection Chemicals market?
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MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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