Crop Protection Chemicals Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

The size of the global market for crop protection chemicals, which was estimated at USD 63.26 million in 2021, is projected to expand at a compound annual growth rate (CAGR) of 4.10% from 2022 to 2030. There are more than 800 distinct registered crop protection agents worldwide. Research and development for new items are heavily emphasized by businesses. To assure their safety, the chemicals go through a number of procedures and strict safety checks. Over the next five years, a robust pace of growth in the market for crop protection chemicals is anticipated. One of the main market drivers is the expanding human population.

Herbicides, insecticides, and fungicides are the three primary categories of crop protection agents. For instance, selective herbicides prevent the growth of weeds that might otherwise invade a crop and compete with it for moisture, nutrients, and sunlight. Agriculture would be less productive without Crop Protection Chemicals Market.

Plant diseases, weeds, and other pests (both vertebrate and invertebrate) that harm crops and forests are managed through the research and practise of crop protection. Field crops (such as maize, wheat, and rice), vegetable crops (such as potatoes and cabbage), and fruits are all considered to be crops.

Research on Crop Protection Chemicals Market has focused on creating substances that are safer than their earlier equivalents in order to meet the demand for cutting-edge molecular treatments for managing pests that have developed resistance to older substances. A further indication of manufacturers' strict attention on product development and portfolio diversification is the fact that they have been quite active in launching fresh items over the previous two years.

Modern farming heavily relies on Crop Protection Chemicals Market as a cost-effective way to boost crop production by preventing weeds and pests from damaging the crops. Increased agricultural yields as a result help to ensure food security for the world's growing population.

Key Players

The following companies are significant players in the global crop protection chemicals market: Bayer CropScience, ChemChina Corporation, BASF SE, Corteva Agriscience, UPL Limited, FMC Corporation, Nufarm Ltd, Sumitomo Chemicals, American Vanguard Corporation, ISAGRO SpA, Bioworks Inc., Ishihara Sangyo Kaisha Ltd, Marrone Bio Innovations Inc., and Syngenta International AG.