Press release
Crop Protection Chemicals Market to be Worth $84.83 Billion by 2030
[Redding, California] - Meticulous Research®, a renowned global market research firm, has announced the publication of its latest report titled 'Crop Protection Chemicals Market by Type, Formulation, Mode of Application, Crop Type - Global Forecast to 2030.' This insightful report delves into the dynamics of the crop protection chemicals industry, providing valuable insights for stakeholders.
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Market Overview:
The global crop protection chemicals market is projected to achieve a value of $84.83 billion by 2030, with a steady CAGR of 3.3% from 2023. In terms of volume, the market is expected to reach 10,423,115.5 tons by 2030, growing at a CAGR of 2.5% during the forecast period. Key drivers of market growth include the demand for cost-effective crop protection solutions, the imperative to enhance crop yield and quality, and the adoption of advanced agricultural technologies. Additionally, factors such as environmental safety awareness and the shrinking agricultural land footprint contribute to market expansion.
Key Players:
Prominent players in the crop protection chemicals market include BASF SE, Bayer AG, Corteva, Inc., FMC Corporation, Novozymes A/S, and others.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/crop-protection-chemicals-market-2584
Market Segmentation:
The report segments the crop protection chemicals market based on type, formulation, mode of application, crop type, and geography:
Type: Segments include synthetic chemicals and biological chemicals, with synthetic chemicals currently dominating the market due to their availability, efficiency, and lower cost.
Formulation: The market is divided into liquid formulation and dry formulation, with liquid formulation holding the larger share due to its ease of application and superior performance.
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Mode of Application: Segments cover foliar spray, seed treatment, soil treatment, and other modes, with foliar spray currently leading the market share.
Crop Type: Segments include cereals & grains, oilseeds & pulses, fruits & vegetables, and others, with cereals & grains dominating the market share due to the need for increased production and reduced losses.
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Geographic Insights:
Latin America presently holds the largest share of the crop protection chemicals market, driven by population growth, agriculture sector expansion, and rising demand for high-quality crops. However, Europe is expected to witness the fastest growth, propelled by increasing demand for organic products and government support.
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