According to the latest report by IMARC Group, titled “Crop Protection Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global crop protection chemicals market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global crop protection chemicals market size reached US$ 88.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 116.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.28% during 2023-2028.

Crop protection chemicals are a class of agrochemicals used to prevent crop deterioration from insects and pest infestation. It aids in controlling and reducing weeds, pests, and other plant diseases that harm crops. It also contributes to crop output growth and maintenance throughout time. It helps minimize and manage plant diseases, weeds, and other pests that damage crops. It can be primarily classified into insecticides, herbicides, and fungicides. The increasing awareness regarding the harmful chemicals present in pesticides and the need to introduce sustainable chemicals obtained from mineral, plant, animal, and bacterial sources are providing a thrust to the market.

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Market Trends:

The global market is majorly driven by the augmenting demand for crop protection chemicals in the agrochemical industry. In line with this, the rising usage of the product to reduce the spread of exotic pest is significantly contributing to the market. Furthermore, the growing use of fumigants to store and produce cereals, advancements in storage technology, and changes in farming practices are positively influencing the market. Apart from this, the enhanced focus to improve the efficiency of crop protection chemicals in terms of application and the augmenting number of initiatives undertaken to promote the adoption of protection chemicals by various governments are catalyzing the market. Besides, leading players are focusing on manufacturing sustainable chemicals, thereby likely fueling the demand for crop protection chemicals in the market. Additionally, the rising demand for food due to the rapidly growing global population is propelling market expansion.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• BASF SE
• Corteva Agriscience
• Sumitomo Chemical Co., Ltd
• Syngenta AG
• Bayer Cropscience AG
• FMC Corporation
• Monsanto Company
• Nufarm Limited
• ADAMA Agricultural Solutions Ltd

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/crop-protection-chemicals-market

Key Market Segmentation 2023-2028:

Breakup by Product Type:

• Herbicides
• Fungicides
• Insecticides
• Others

Breakup by Origin:

• Synthetic
• Natural

Breakup by Crop Type:

• Cereal and Grains
• Fruits and Vegetables
• Oilseed and Pulses
• Others

Breakup by Form:

• Liquid
• Solid

Breakup by Mode of Application:

• Foliar Spray
• Seed Treatment
• Soil Treatment
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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