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Rising Trends Driving the Global Crop Protection Chemicals Market towards Strong Growth: Market Size, CAGR, Key Players, and Forecast
Crop Protection Chemicals Market
The Global Crop Protection Chemicals Market witnesses robust growth owing to increasing demand for agricultural pest control and advancements in farming practices.
What Is The Projected Market Size Of The Global Crop Protection Chemicals Market And Its Growth Rate?
• The crop protection chemicals market size, which was $70.47 billion in 2024, is projected to expand to $75.3 billion in 2025 at a CAGR of 6.9%. This growth can be attributed to increased demand for agricultural pest and disease control, crop yield improvement, and pesticide and herbicide innovations.
• Further, the market is predicted to show strong growth in the upcoming years. It is forecasted to reach $102.16 billion in 2029 at a CAGR of 7.9%, driven by increasing global food demand, precision agriculture, emerging crop diseases, and biotechnology and genetic modification.
What Is Driving The Growth In The Crop Protection Chemicals Market?
The rising need for food due to the increasing global population has been significantly contributing to the growth of the crop protection chemicals market. As the world's population grows, the demand for high-yielding crops also rises, leading to an increased demand for chemicals that protect crops. The Food and Agriculture Organization (FAO) reported in May 2022 that about 258 million people across 58 countries are facing acute food insecurity at crisis or worse levels (IPC/CH Phase 3-5). This alarming trend is driven by factors such as economic shocks, climate change, and global economic challenges, and it is expected to continue into 2023 and beyond.
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Who Are the Key Players Driving Crop Protection Chemicals Market Growth?
• BASF SE
• Bayer CropScience AG
• Syngenta International AG
• Sumitomo Chemical Company Limited
• Nufarm Limited
• China National Chemical Corporation
• Corteva Inc.
• UPL Limited
• FMC Corporation
• American Vanguard Corporation
• ISAGRO S.p.A.
• BioWorks Inc.
What Are The Key Trends In The Crop Protection Chemicals Market?
The key trends in the crop protection chemicals market include:
• Innovative organic farming practices
• Integration of data analytics and AI in agriculture
• Widely-adopted integrated pest management
• Increasing practice of sustainability
• Accelerated adoption of Industry 4.0 in the agricultural sector
What Are The Segments Of The Global Crop Protection Chemicals Market?
• By Type: Fungicide, Insecticide, Nematicide, Herbicide
• By Origin: Synthetic, Bio-Based
• By Mode Of Applications: Foliar Spray, Soil Treatments, Seed Treatments
• By Applications: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercial Crop
Which Region Leads The Crop Protection Chemicals Market?
North America held the largest share in the crop protection chemicals market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the coming years.
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What Is Covered In The Crop Protection Chemicals Market Global Market Report?
• Market Size Analysis: Analyze the Crop Protection Chemicals Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Crop Protection Chemicals Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Crop Protection Chemicals Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Crop Protection Chemicals Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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