Global crop protection (agrochemicals) market is anticipated to witness substantial growth in the forecast period owing to the increasing use of weed control and herbicides. Agrochemicals are the pesticides or inorganic fertilizers aimed at improving agricultural production. It includes fertilizers, liming & acidifying agents, pesticides, soil conditioners and chemicals like hormones and antibiotics. Along with improving agricultural production, it eliminates the effect of adversities to improve food safety.
Increasing focus of farmers for improving production quality due to rising awareness is one of the major drivers of the crop protection (agrochemicals) market. Moreover, rising penetration of chemicals for crop protection, an increase in consumption of agrochemicals and ever-increasing demand for food are also driving the market. However, increasing health and environmental issues like water pollution, soil pollution and toxins are hampering the growth of crop protection (agrochemicals) industry.
Introduction of biopesticides and acceptance of IPM (integrated pest management) as new crop protection method are some of the trends observed in the market. Moreover, supply of quality food to increasing population on the global scale is a major challenge to the market.
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Market is categorized on the basis of type, application, and geography. On the basis of type, market is divided into herbicide, insecticide, fungicide, molluscicide and others. Herbicide segment leads the market due to increasing use for various types of crops.
In terms of application, the market is bifurcated into pineapple & banana, rice, vegetables, and others. Vegetables and rice segments are expected to hold larger share of the market due to high demand from consumers.
Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and South America are expected to dominate the market. Emerging countries of Asia Pacific are also predicted to lead the market due to growth potential and increasing awareness among farmers for agrochemicals.
The leading players in crop protection (agrochemicals) market include The Dow Chemical Company), ADAMA Agricultural Solutions,E.I. du Pont de Nemours and Company, Nufarm Limited, Sumitomo Chemical Co., Ltd., Bayer Cropscience, BASF SE, Syngenta AG, FMC Corporation, and Monsanto Company.
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Leading players of Crop Protection (Agrochemicals) including:
• Bayer Crop Science
• Dow Agro Sciences
•LEADS Agricultural Products Corporation
Market split by Type, can be divided into:
Market split by Application, can be divided into:
• Banana and Pineapple
• Other Fruit
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals
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