Crop Protection Chemicals Market Destined to Reach US$ 116.5 Billion (CAGR of 4.28%) During 2023-2028 | IMARC

The latest report by IMARC Group, titled "Crop Protection Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global crop protection chemicals market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global crop protection chemicals market size reached US$ 88.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 116.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.28% during 2023-2028.

Crop protection chemicals, also known as pesticides, are specifically designed compounds that play a vital role in regulating or eliminating pests that pose a threat to the health and productivity of crops. These chemicals are characterized by their targeted action, potency, and the capability to deter, incapacitate, or kill various types of pests, including insects, weeds, rodents, fungi, and other organisms harmful to plant life. They function primarily by disrupting biological processes in pests, effectively controlling their proliferation. Each category of pesticide varies in its properties, such as toxicity, persistence, and bioaccumulation potential. These chemicals are extensively used in agricultural fields, gardens, and other areas where plant growth needs protection from pests.

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Market Trends:

The global market is largely driven by the increasing demand for food due to the rising population. This demand necessitates high crop yields, thereby escalating the use of these chemicals. In line with this, the rapid climate change leading to shifts in pest distributions and lifecycles is resulting in a heightened need for effective pest management is also contributing to market growth. Moreover, continual advancements in farming practices and technology, such as precision farming, is facilitating optimized usage of these chemicals, which is favoring market expansion.

Moreover, the rising awareness about the harmful effects of synthetic pesticides is promoting the use of organic farming practices and bio-based pesticides. In addition, regulatory policies and restrictions on harmful pesticides are driving the development of eco-friendly and sustainable crop protection solutions.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• BASF SE
• Corteva Agriscience
• Sumitomo Chemical Co., Ltd
• Syngenta AG
• Bayer Cropscience AG
• FMC Corporation
• Monsanto Company
• Nufarm Limited
• ADAMA Agricultural Solutions Ltd

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/crop-protection-chemicals-market

Key Market Segmentation 2023-2028:

Breakup by Product Type:

• Herbicides
• Fungicides
• Insecticides
• Others

Breakup by Origin:

• Synthetic
• Natural

Breakup by Crop Type:

• Cereal and Grains
• Fruits and Vegetables
• Oilseed and Pulses
• Others

Breakup by Form:

• Liquid
• Solid

Breakup by Mode of Application:

• Foliar Spray
• Seed Treatment
• Soil Treatment
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.