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Crop Protection Chemicals Global Market Projected to Grow at a CAGR of 6.5% to 7.5% from 2018 to 2023 - Axiom MRC

Crop Protection Chemicals Global Market Projected to Grow at a CAGR of 6.5% to 7.5% from 2018 to 2023

Crop Protection Chemicals Global Market Projected to Grow at a CAGR of 6.5% to 7.5% from 2018 to 2023

Axiom Market Research & Consulting added a Global Crop Protection Chemicals Market Research Report, By Type, By Source, By Application and By Geography - Market trends, Market share, Industry Analysis and Forecast Upto 2023.

The market is majorly driven by increasing demand for food security by the increasing population and heavy crop loss due to pest attacks. Innovation in farming techniques and rising implementation of conventional farming practices is also diving the market for crop protection chemicals. A huge market growth is expected in the herbicides and insecticides segments of the crop protection chemicals as the leading companies are investing huge sums of money in R&D and introducing innovative products with better results and high effectiveness.

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Among the types of crop protection chemicals, herbicides held the largest market share in 2015, followed by insecticides fungicides. Herbicides are the highest demanded crop protection chemicals due to high wed infestation mainly in cereals and grains and also less availability of labor force to manually remove the harmful weeds and herbs. Herbicides once spread on the field are very effective in destroying the unwanted weeds hampering the growth of the crops and hence are widely used all over the world.

The crop types considered in the crop protection chemicals market are cereals & grains, oilseed & pulses fruits & vegetables and others. The cereals & grains segment dominated the market in 2016 followed by fruits & vegetables and oilseed & pulses. The pest infestations are highest on cereals & grains and thus using crop protection chemicals becomes inevitable. The market is studied for insecticides, herbicides, fungicides, and others. The report includes an extensive market analysis for North America, Europe, Asia-Pacific, Latin America and Rest of the World regions such as Africa and Middle-East. The major crop types considered for the study are cereals & oil seeds, fruits & vegetables and others (nursery crops, and turfs & ornamentals pants).

Latin America dominated the market with the largest market share followed by Asia-Pacific and Europe. Brazil and Argentina have the largest market share in the country-level market in Latin America region. Increasing population and increasing food demand with limited arable land available for farming has triggered the demand for crop protection chemicals in Latin America and Asia-Pacific region.

The leading players in this industry include BASF SE, DuPont, Monsanto, Syngenta Ag, The Dow Chemical Company, Bayer CropScience Ag, Sumitomo, ADAMA Agricultural Solutions, among others. These companies have established their position in the market by offering competent crop protection chemical products. Along with this, they are making their presence strong in the market though strategies such as mergers, acquisitions, joint ventures and collaborations.

Axiom Market Research & Consulting was founded with a sole intention of providing companies with key actionable data to help them take informed business decisions pertaining to their investments, marketing strategies, market competition, new product launches?etc.

Axiom MRC believes that for being able to take good strategic decisions or for business planning, companies need to understand and interpret the current market scenarios correctly. Axiom MRC follows a scientifically developed research methodology where the end to end value chain of the industry vertical is studied. Axiom MRC's research methodology helps to extract, analyze and compare markets along with peer markets, main or parent market, application and end user industries, competitive landscape and qualitative figures to arrive at market numbers. Axiom MRC also validates the market findings with key industry professionals and its client network and takes their opinion into consideration. The key findings are presented with smart infographics for better and easy understanding.

Backed by a team of experienced senior analyst, who have worked with leading research firms and delivered number of market research projects globally, Axiom MRC is able to cater to all market research and business consulting requirements. Axiom MRC offers business consulting, syndicated and custom market research reports across various industry verticals such as life science, chemicals & materials, food & beverages, packaging, agriculture, power & energy.

Axiom Market Research & Consulting
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Telephone: +1 (845) 875-9786
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