Press release
Crop Protection Chemicals Market will rise due to growing demand for food | Syngenta AG, Bayer Cropscience AG, FMC Corporation, Monsanto Company
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Crop protection chemicals are substances that are used to protect crops from pests, diseases, and weeds. These chemicals can be applied to the soil, leaves, or seeds of a plant to prevent damage from pests or to kill them outright. Some common crop protection chemicals include herbicides, insecticides, and fungicides.
Key Players
The key players in the market are BASF SE, Corteva Agriscience, Sumitomo Chemical Co. Ltd, Syngenta AG, Bayer Cropscience AG, FMC Corporation, Monsanto Company, Nufarm Limited, ADAMA Agricultural Solutions Ltd. and DuPont.
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Key Trends
The key trends in crop protection chemicals technology are the development of more effective and environmentally friendly pesticides and the use of precision agriculture to target specific pests.
Pesticides are constantly being improved to be more effective at killing pests while reducing the amount of chemical that is needed, which reduces the impact on the environment. Newer pesticides are also designed to be more specific to the pests they are targeting, which reduces the chance of harming beneficial insects or other animals.
Precision agriculture is a growing trend that uses technology to target specific pests in a field. This can be done using drones or other sensors to identify hot spots of pests, and then applying pesticides only to those areas. This reduces the amount of pesticide used and the impact on the environment.
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Key Drivers
The key drivers of the global crop protection chemicals market are the growing demand for food, the increasing population, and the declining arable land. The other drivers include the need for higher crop productivity, the changing climatic conditions.
The demand for food is increasing due to the growing population. The world population is projected to reach 9.7 billion by 2050. The increasing population will lead to the increased demand for food, which in turn will drive the demand for crop protection chemicals.
Market Segmentation
The market is segmented by type, origin, application and region. By type, the market is segmented into (herbicides, insecticides, fungicides & bactericides. By origin, the market is divided into synthetic and biopesticides. By application, the market is bifurcated into foliar, seed treatment and soil treatment. By region the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
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