New Crop Protection Generics Market Revenues Will Increase Dramatically With Huge Demand By 2024-2031 | UPL, BASF, Nufarm, ADAMA, FMC Corporation, Bayer AG, Albaugh LLC, AMVAC Chemical Corporation

New Crop Protection Generics Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the New Crop Protection Generics market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global New Crop Protection Generics market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global new crop protection generics market reached US$ 64.9 billion in 2023 and is expected to reach US$ 93.5 billion by 2031, growing with a CAGR of 4.6% during the forecast period 2024-2031.

What is New Crop Protection Generics Market?

New Crop Protection Generics refer to newly developed formulations of agricultural chemicals that are designed to protect crops from pests, diseases, and weeds. These generics are typically based on established active ingredients that have lost patent protection, allowing for their production by multiple manufacturers at lower costs. The development of new generics often involves improving formulation technology, enhancing efficacy, and expanding the range of application methods, thereby providing farmers with effective and cost-efficient alternatives to branded products.

Growing Demand for Food Security

The increasing focus on food security in 2024 is poised to drive substantial growth in the crop protection generics market. Initiatives like the World Bank's commitment of US$ 45 billion to address food insecurity will lead to greater investment in affordable agricultural inputs, particularly generics. This trend is bolstered by supportive regulatory environments and a heightened emphasis on sustainability, especially in low-income areas where food insecurity is most severe. Consequently, the generics market is well-positioned for rapid expansion to meet the pressing need for effective crop protection solutions.

Key Players:

Profiles of some of the major players in the global New Crop Protection Generics market, which include:

UPL, BASF, Nufarm, ADAMA, FMC Corporation, Bayer AG, Albaugh LLC, AMVAC Chemical Corporation, Wynca Group, Sumitomo Chemical Co., Ltd., Coromandel International Limited and Syngenta.

Industry Development:

In May 2024, Coromandel International Ltd. introduced five new generic formulations, highlighting its dedication to sustainable farming innovation. A key development from this initiative is Prachand, a collaboration with ISK Japan aimed at safeguarding paddy crops from pests, which could prevent yield losses of up to 70%. The product lineup is further enhanced with a formulation specifically designed to combat the fall armyworm. This expansion solidifies Coromandel's position as a leader in delivering effective crop protection solutions.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global New Crop Protection Generics market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Herbicide, Fungicide, Insecticide, Insect Growth Regulators, Others

By Mode of Application: Foliar Spray, Seed Treatment, Soil Treatment, Post-harvest, Others

By Crop Type: Grains & Cereals, Oilseeds & Pulses, Fruits & Vegetables, Commercial Crops, Others

By Formulation: Liquid, Granular, Powder, Emulsifiable Concentrates

By Distribution Channel: Retailers, Distributors, E-commerce, Cooperative Societies

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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