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Global Crop Protection Chemicals Market Is Expected To Cross The Market Size Of USD 75 Billion By 2026: Bonafide Research

11-08-2021 12:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Bonafide Research

Global Crop Protection Chemicals Market Is Expected To Cross

Crop protectants are the chemicals sprayed on crops to save them from drastic damage. Generally known as pesticides or agricultural chemicals, it is used extensively in traditional farming, to protect the plants against pests. The recent addition of Bonafide Research, under the title of- Global Crop Protection Chemical Market Outlook, 2026, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed into herbicide, insecticide, fungicides & bactericides, and others, in terms of products, and in terms of application, the market is classified into Cereals & grains, Oilseeds & pulses, fruits & vegetables, and others. These segments are analyzed country-wise and the report also covers a detailed discussion about the trends, rules, and regulations across the world.

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Herbicides, insecticides, fungicides, and bactericides are collectively known as crop protection chemicals or are commonly known as pesticides. As the name suggests, the major role of these chemicals is to safeguard crops from unwanted species. The use of pesticides is backed by the reason for the farmers to yield a higher return, with could be otherwise affected by losing it to diseases. Historically, from 2015 to 2020, the global crop protection chemical market witnessed a growth of 3.92%. The major restraint in the market is the cause of health hazards and the escalation of superweeds in the farms which need highly toxic chemicals to be controlled. However, controlled use of pesticides is advised by the agricultural experts, which is also backed by the reason that approximately, 45% of the annual production is lost to pest infections. With an increasing understanding of the correct usage procedures, the overall global market is likely to be growing to a market value of USD 75000 Million by the end of the forecasted year of 2026.

The pesticides are classified based on their effectiveness against the pest. Classified on type, the overall market is segmented into four categories of Herbicides, Insecticides, Fungicides & Bactericides, and others for a better analysis of the market. The major market share is held by the herbicides segment which is also likely to be the fastest-growing segment in the coming period. The major use of herbicides is to kill the weeds, which are the unwanted plants growing around the main crop and snatching away the water & nutrition. Even though in the year 2020, the segments of insecticides, and fungicides & bactericides amounted to the almost same market value of more than USD 16100 Million each, the fungicides & bactericides are likely to be growing with a higher growth rate in the forecasted period, and hold more market share.

The application of the crop protection chemical is classified into four major crop segments of cereals & grains, oilseed & pulses, fruits & vegetables, and others. Of the classified segments, the market is dominated by the oilseed & pulse segment. It is perceived that corn, soybeans, wheat & cotton are the major users of pesticides. However, small-scale farmers use pesticides sparingly. Even though peach & apples need a minimal amount of fungicide in spring, 98% of the world’s production contains at least one pesticide.

With more than 2.2 Billion people relying on agriculture for their livelihood, there is no doubt that the Asia Pacific is a land of agriculture and also the highest contributor to the crop protection chemical market. However, through the forecasted period, this region is likely to record the lowest anticipated growth rate among the major regions. North America and Middle East & Africa are the two least contributing regions, which in the year 2020 accounted for quite less than 25% of the global market share. This is because these two regions are not improvised in terms of agricultural practices when compared to the other regions. The early laid foundation of the irrigation systems and the intensive agricultural practices restrict the use of toxic chemicals. However, the increasing immigration settlements and the deteriorating climatic changes are to aid the market growth in the forecasted period.

The increase in the demand for agricultural products, and the commercialization of agriculture, have increased the use of crop protection chemicals across the world. The leading Asian countries are the key targets for the companies. The major companies are enjoying considerable profits given the fact of increasing adoption of integrated farming practices to meet the growing demand for food.

Major companies mentioned: Adama Ltd., Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL

CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

ASPECTS COVERED IN THE REPORT
• Market Size by Value for the period (2015-2026F)
• Market Share by Product Type (Herbicide, Insecticide, Fungicides & Bactericides, and Others)
• Market Share by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)
• Market Share by Region
• Market Share by Country
• Market Share by Company

Table of Contents

1 Executive Summary
2 Report Methodology
3 Market Structure
3.1 Market Considerate
3.2 Market Definition
3.3 Classification of Pesticides by Use
4 Global Crop Protection Chemical Market Outlook
4.1 Market Size by Value
4.2 Market Share
4.2.1 By Product Type
4.2.2 By Application
4.2.3 By Region
4.2.4 By Country
4.2.5 By Company
5 North America Crop Protection Chemical Market Outlook
5.1 Market Size by Value
5.2 Market Share
5.2.1 By Product Type
5.2.2 By Application
5.2.3 By Country
5.3 US Crop Protection Chemical Market Outlook
5.3.1 Market Size by Value
5.3.2 Market Share
5.3.2.1 By Product Type
5.3.2.2 By Application
…continue

To Access Complete Report: https://www.bonafideresearch.com/product/211129811/global-crop-protection-chemicals-market

Bonafide Research
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Steven Thomas, AM - Content Marketing
sales@bonafideresearch.com
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Asia-Pacific: +91 7878231309 / +61 2 8091 2123
https://www.bonafideresearch.com/

About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

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