The total size of the crop protection chemicals market in the recent past was USD 78,407.3 million, and will reach USD 117,436.6 million by 2030, propelling at a rate of 4.6% in the years to come, as per a report published by a market research firm, P&S Intelligence.
Herbicides had the largest revenue in the industry of around USD 40 billion, as these are employed for the manipulation or controlling unwanted vegetation and endorsing the growth of necessary species.
Furthermore, these chemicals are common in row-crop farming, in which these are employed before or during planting for enhancing crop production though the reduction of other vegetations.
Cereals have the largest and fastest revenue contribution, advancing at a rate of over 5% in the years to come. The increasing requirement for food stock for the huge population is an important factor responsible for the growth of cereals on a large scale.
The production of cereals has increased like anything in the last ten years, as people become more aware of the importance of having a healthy lifestyle and fulfilling the dietary requirements.
The acceptance of organic farming is a trend in the industry. This farming has a number of benefits, such as the evading of pesticides, synthetic fertilizers, and genetic modification.
For organic agricultural procedures, biopesticides are highly demanded. This is due to the fact that these biochemicals control pests in fields with insignificant side effects, as these are obtained from animals, plants, bacteria, and some minerals.
The APAC crop protection chemicals market dominated with, over 40%, in the recent past, and it will continue the same way, in the years to come. This has a lot to do with the substantial agricultural base, wide-ranging farmland, and increase in consciousness of people about pesticide usage.
Also, the expansion of the regional industry is because of technical progressions in agriculture and increase in requirement for crops and their farming in the APAC.
APAC will also witness the fastest growth in the future, chiefly because of the quickly increasing use of these kinds of agrochemicals in developing nations. China and India have about 40% of the global population.
The research offers market size of the global crop protection chemicals market for the period 2017–2030.
Market Segmentation by Type
Herbicides
Insecticides
Fungicides
Others
Market Segmentation by Application
Cereals
Maize
Sugar Crops
Wheat
Others
Market Segmentation by Region
North America Crop Protection Chemicals Market
By type
By application
By country – U.S. and Canada
Europe Crop Protection Chemicals Market
By type
By application
By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia-Pacific (APAC) Crop Protection Chemicals Market
By type
By application
By country – China, India, Japan, Australia, South Korea, and Rest of APAC
Latin America (LATAM) Crop Protection Chemicals Market
By type
By application
By country – Brazil, Mexico, and Rest of LATAM
Middle East and Africa (MEA) Crop Protection Chemicals Market
By type
By application
By country – Saudi Arabia, South Africa, and Rest of MEA