Crop Protection Chemical Market is projected to grow at a CAGR of 5.50%

Crop Protection Chemical Market is projected to grow at a CAGR of 5.50%

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “Global crop protection chemicals market - Forecasts from 2020 to 2025” to their offering.

The urgency of ensuring food security that is augmented by various policies that are being introduced by national governments concomitantly endeavoring the mitigation of the challenges of climate change I expected is estimated to drive this market. 

According to the report, the global crop protection chemicals market is expected to reach US$ 96.846 billion by 2025, from US$70.239 billion in 2019.

What are the fundamental reasons for such an increasing interest in Crop Protection Chemicals?

Along with the aforesaid factors, various food processing techniques that have been developed in recent times have paved the way for ever-increasing food and beverage with numerous combinations that are being perceived as attractive both from an economic and gastronomical point of view by the consumers. This is driving the demand for a variety of agricultural products like food grains, vegetables, and fruits, hence amplifying the need for the crop production chemicals thus contributing to the stream of crop protection chemical market. Further animal husbandry necessitates the use of animal feed which comprises crop-based animal fields among others, that is additionally expected to drive the growth of this.  The other factor that is driving the growth for the Crop Protection Chemicals Market is the increasing environmental consciousness and awareness of the negative externalities arising from the use of harmful chemicals in pesticides and manifestation of the same in the endeavors of various players in the market. This has resulted in the investment of the development of crop protection chemicals that are derived from biological sources.

How is the market responding to the demand for Crop Protection Chemicals?

2020

  • Product Innovation:In February, it was reported thata publicly-traded agriculture biotech company called MustGrow Biologics Corp. (CSE: MGRO) which focuses on a science-based biological solution that is derived naturally for high-value crops that include organic fruits and vegetables has achieved the batch production quantum of  200 liters of its mustard-derived natural biologic liquid product to be tested further as bio-pesticide and bio-herbicide.

2020

  • Fundraiser: In February, it was reported that  Eden Research plc (LON: EDEN) had raised £10.1millon out of which £ 6 million will be reportedly used to develop and commercialize its insecticide products and seed treatments and £ 2 million will be used to foster the use of its Sustaine product with traditional agrochemicals.

2019

  • Acquisition: In September, it was reported that  Sumitomo Chemical Company Limited had acquired Nufarm Limited’s South American crop protection and seed treatment operations in Argentina, Brazil, Colombia and Chile ("Nufarm South America") for $1,188 million cash.

The major players covered as part of the report are among others.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-crop-protection-chemicals-market

This report segmented the Crop Protection Chemical Market on the basis following terms
  • By Origin
    • Synthetic
    • Biopesticides
  • By Type
    • Media Herbicides
    • Insecticides
    • Fungicides
    • Others
  • By Application
    • Fruit and Vegetables
    • Oilseeds and pulses
    • Cereals and grains

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others