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Global Crop Protection Chemicals Market Research Report, 2027

Global Crop Protection Chemicals Market Research Report, 2027

Actual Market Research 23-09-2022 185 Pages Figures : 33 Tables : 159 Region : Global Category : Food & Beverages Agriculture

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Global Crop Protection Chemical Market to reach a size of USD 75 Billion in 2026. : Actual Market Research

Featured Companies

1. UPL Limited

2. Basf SE

3. Bayer AG

4. FMC Corporation

5. Huapont Life Sciences

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Crop protection chemicals refer to the agricultural products that are mainly used to manage plant diseases and prevent crop damage. These chemicals primarily include herbicides, fungicides and insecticides. Crop protection chemicals aid in monitoring and controlling pests and diseases that may infect, consume, or damage crops. Furthermore, they also assist the farmers in managing crop productivity, improving overall yield, and enhancing food security. As a result, crop protection chemicals are utilized on various crop types, including cereals and grains, oilseeds and pulses, fruits and vegetables, etc. The report published by Actual Market Research, under the title, “Global Crop Protection Chemical Market Research Report,2027”, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed into herbicide, insecticide, fungicides & bactericides, and others, in terms of products, and in terms of application, the market is classified into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. These segments are analyzed country-wise and the report also covers a detailed discussion about the trends, rules, and regulation across the world. Herbicides, insecticides, fungicides, and bactericides are collectively known as crop protection chemicals or are commonly known as pesticides. As the name suggests, the major role of these chemicals is to safeguard crops from unwanted species. The use of pesticides is backed by the reason for the farmers to yield a higher return, with could be otherwise affected by losing it to diseases. Historically, from 2016 to 2021, the global crop protection chemical market witnessed a growth of around 4%. The major restraint in the market is the cause of health hazards and the escalation of superweeds in the farms which need highly toxic chemicals to be controlled. However, controlled use of pesticides is advised by the agricultural experts, which is also backed by the reason that approximately, 45% of the annual production is lost to pest infections. With an increasing understanding of the correct usage procedures, the overall global market is likely to be growing to a market value of above USD 78 Billion by the end of the forecasted year of 2027. The modernization of the agricultural sector has been a major driver in the market of crop protection at the global level. In terms of application, the use of crop protection chemicals is high in the oilseed & pulse segment. The major hurdle in the market growth is the need for a sustainable approach towards farming. This has given rise to innovation which is likely to bring in reforms in the agricultural practices, promising a better yield and being less toxic to nature. It is already known that the excessive use of pesticides has become a hazard to human health, but also has given birth to super-weed. Superweeds are the weeds or the unwanted plants that grow with the crops but have been tuned to the regular pesticides and now require more toxic formulas to kill. The pesticides are classified based on their effectiveness against the pest. Classified on type, the overall market is segmented into four categories of Herbicides, Insecticides, Fungicides & Bactericides, and others for a better analysis of the market. The major market share is held by the herbicides segment which is also likely to be the fastest-growing segment in the coming period. The major use of herbicides is to kill the weeds, which are the unwanted plants growing around the main crop and snatching away the water & nutrition. Even though in the year 2021, the segments of insecticides, and fungicides & bactericides amounted to the almost same market value of more than USD 16 Billion each, the fungicides & bactericides are likely to be growing with a higher growth rate in the forecasted period, and hold more market share. The application of the crop protection chemical is classified into four major crop segments of cereals & grains, oilseed & pulses, fruits & vegetables, and others. Of the classified segments, the market is dominated by the oilseed & pulse segment. It is perceived that corn, soybeans, wheat & cotton are the major users of pesticides. However, small-scale farmers use pesticides sparingly. Even though peach & apples need a minimal amount of fungicide in spring, 98% of the world’s production contains at least one pesticide. With more than 2.2 Billion people relying on agriculture for their livelihood, there is no doubt that the Asia Pacific is a land of agriculture and also the highest contributor to the crop protection chemical market. However, through the forecasted period, this region is likely to record the lowest anticipated growth rate among the major regions. North America and Middle East & Africa are the two least contributing regions, which in the year 2021 accounted for quite less than 18% and 3% of the global market share respectively. This is because these two regions are not improvised in terms of agricultural practices when compared to the other regions. The early laid foundation of the irrigation systems and the intensive agricultural practices restrict the use of toxic chemicals. However, the increasing immigration settlements and the deteriorating climatic changes are to aid the market growth in the forecasted period. The increase in the demand for agricultural products, and the commercialization of agriculture, have increased the use of crop protection chemicals across the world. The leading Asian countries are the key targets for the companies. The major companies are enjoying considerable profits given the fact of increasing adoption of integrated farming practices to meet the growing demand for food. COVID-19 Impact The outbreak of COVID-19 has affected public health as well as the global economy. The COVID-19 impact on the global economy has resulted in socio-economic disruptions; along with other industries, the spread of COVID-19 has affected the agriculture input sector. The coronavirus has impacted critical processes in the production and distribution of agrochemicals, from raw material imports to end-product manufacturing. The supply chain was hindered due to the travel restrictions imposed by many different countries globally. The fluctuating prices of chemicals as raw materials along with the inconsistent demand from the consumers during times of economic distress hampered the market growth rate. Major companies mentioned: Basf SE, Bayer AG, Corteva AgriSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemicals, Syngenta AG, UPL Considered in the report • Geography: Global • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Regions & countries covered: • North America (US, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Russia) • Asia Pacific (China, Japan, India, Australia, Malasia, Thailand) • South America (Brazil, Argentina, Columbia) • Middle East & Africa (Turkey, Saudi Arabia, Israel, South Africa) Aspects covered in the report • Market Size by Value for the period (2016-2027F) • Market Share by Product Type (Herbicide, Insecticide, Fungicides & Bactericides, and Others) • Market Share by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others) • Market Share by Region • Market Share by Country • Market Share by Company The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Agriculture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Frequently Asked Questions ?
Crop protectants are the chemicals sprayed on crops to save them from drastic damage.
Historically, the global crop protection chemical market witnessed a growth of 3.92%.
The overall global market is likely to be growing to a market value of USD 75000 Million by the end of the forecasted year of 2026.
Asia Pacific the land of agriculture is also the highest contributor to the crop protection chemical market.
Adama Ltd., Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL.
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