Crop protection chemicals are the chemicals widely used to help in managing and minimizing plant diseases, weeds as well as other pests which damage agricultural crops. These chemicals also benefit from growing and maintaining crop yield over the years. Various types of crop protection are herbicides, insecticides, and fungicides, among others. Previously, farmers use to control the infestation of insects & fungi inorganic compounds including arsenic and mercury salts. Presently, various chemicals are available for protecting crops from getting damaged by rodents, birds, insects, as well as bacteria, etc. Development in farming practices and technology, as well as the growing need for food security due to the rise in population, are the growth driving factors for the global crop protection chemicals market.The research analyst at AMA estimates Crop Protection Chemicals market to grow at a compounded annual growth rate of 5.2%
AMA Research have segmented the market of Global Crop Protection Chemicals market by Type, Application and Region. On the basis of Type, Herbicides are dominating the market in the year 2020
On the basis of geography, the market of Crop Protection Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Development in Farming Practices and Technology, Growing Need for Food Security Due to the Rise in Population and Heavy Crop Loss Owing to Pest Attacks
Speedy Growth in the Biopesticides Market as well as Organic Agriculture and High Opportunities in Developing Nations
- Strict Government Regulations
- Pesticide Residue Problems
In addition to the aforementioned factor, Development in Farming Practices and Technology
is expected to propel the growth of the market over the forecast period.
In January 2019, Valent U.S.A. LLC has announced the launch of Fierce MTZ Herbicide that is a stand-alone liquid formulation that combines the company’s top herbicide, Fierce Herbicide, with the additional benefit of metribuzin. The company has received United States EPA approval, and first sales are anticipated in the 2019 growing season. This product launch will support the company to remain competitive in the market.
The key Vendors profiled in the study are BASF SE (Germany), The Dow Chemical Company (United States), E.I. du Pont de Nemours and Company (United States), Sumitomo Chemical Co., Ltd. (Japan), Syngenta AG (Switzerland), Arysta LifeScience Corporation (United States), American Vanguard Corporation (United States), Bayer CropScience AG (Germany), Lanxess Aktiengesellschaft (Germany) and FMC Corporation (United States). A lot of German, Japanese, and United States players are profiled in the research study indicating a strong market dependence.