Crop Protection Chemicals Market is Dominated by the Herbicides Category

The crop protection chemicals market will propel at a 4.6% compound annual growth rate, to touch USD 117,436.6 million, by 2030.

The growth of the industry is mainly because of the surging population, limited agricultural land, and rising requirements for better crop production to enhance crop yields.

Furthermore, the speedily surging population is putting high pressure on farmers to improve the yield of agricultural farmlands. Because of this, improvements in the technologies of farming, as well as the utilization of adjuvants, and agrochemicals, for instance, insecticides, pesticides, and herbicides, serve as an important solution to this challenge.

To download free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/crop-protection-chemicals-market/report-sample

In the past few years, the herbicides category, based on type, accounted for the largest crop protection chemicals market share, and it will further advance at the fastest rate, of around 5%, in the years to come. This is mainly because of their extensive utilization in row-crop farming, in which herbicides are utilized during or before planting to improve the production of crops while lessening other vegetation.

The insecticides category held a significant share in the crop protection chemicals industry. Insecticides are extensively utilized in staple crop production due to their susceptibility to insect infestation.

In recent years, the cereals category, based on application, accounted for the dominating share in the industry, and it will further advance at the fastest rate, of more than 5%, in the years to come. This is primarily because of the surging population across the globe, as well as the shortage of land for crop farming, and growing awareness of the significance of sustaining a healthy lifestyle and fulfilling the dietary requirements.

Explore more about this report@ https://www.psmarketresearch.com/market-analysis/crop-protection-chemicals-market

In the past few years, APAC accounted for the largest share of the industry, and it will remain the largest in the years to come. This is because of the rising consciousness of pesticide utilization, the existence of wide-ranging farmland, and the significant agricultural base in the continent.

Moreover, APAC will also observe the fastest growth in the years to come, mainly owing to the speedily rising utilization of such agrochemicals in the emerging economies of the region.

Additionally, the progression of the regional industry is also driven by the advancements in agricultural technology, as well as the surging requirement for crops and their cultivation in the continent.

In the past few years, North America held a significant share of the industry. This can be primarily because of the existence of local manufacturers, along with consumer appreciation, various products, and regulatory backing to such chemical producers and associated agrochemical businesses in the region.

About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://pnsintelligence.wordpress.com

This release was published on openPR.