Latest industry survey by Fact MR, predicts Crop Protection Chemicals sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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According to a recent report by Fact.MR, market revenue of crop protection chemicals is slated to rise at a CAGR of 5.3% from 2021 to 2031, with total market valuation reaching US$ 122 Bn by 2031, thanks to continued government and private sector investments aimed at improving overall agricultural output to meet the high food demand of a growing population across geographies.
The report offers actionable and valuable market insights of Crop Protection Chemicals. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Crop Protection Chemicals Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Crop Protection Chemicals market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Crop Protection Chemicals
This newly published and insightful report sheds light on Market Insights of Crop Protection Chemicals, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Crop Protection Chemicals Market.
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Key Segments as per Crop Protection Chemicals Industry Survey
- By Crop
- Crop Protection Chemicals Grains & Cereals
- Crop Protection Chemicals Pulses and Oilseeds
- Crop Protection Chemicals Fruits and Vegetables
- Others (Plantation Crops, etc.)
- By Product
- Herbicides
- Insecticides
- Fungicides
- Others (Rodenticides, etc.)
- By Source
- Synthetic Crop Protection Chemicals
- Bio-based Crop Protection Chemicals
- By Form
- Liquid Crop Protection Chemicals
- Solid Crop Protection Chemicals
- By Mode of Application
- Foliar
- Seed Treatment
- Soil Treatment
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Competition Landscape
Companies have been heavily investing in the research & development of newer crop protection solutions and focussing on geographical and capacity expansion, so as to further improve their overall market presence. Some of the recent developments in the market include-
- Corteva Agriscience, announced its new Resicore® XL corn herbicide for the 2022 season in July 2021. It’s a three-mode herbicide that works both before and after emergence.
- Corteva Agriscience announced in March 2021 that it will adopt Qalcova active for spinosad and Jemvelva active for spinetoram to provide farmers with best-in-class insecticide solutions. Together, these two organically derived active components will give farmers with efficient pest control alternatives for over 250 crops throughout the world.
- Rotam CropSciences Ltd., a worldwide agricultural solution provider specialising in crop protection, announced the opening of a Krpros in Brazil in March 2021. A method for making the chemical element copper available to crops for an extended length of time. As a result, the plants’ defences will be strengthened, and they will be more resistant to key crop diseases.
Key Takeaways from Market Study
- Crop protection chemicals market poised to grow 1.6X in market value by 2031.
- Herbicides dominated the market of crop protection chemicals till 2020, and are anticipated to account for nearly 40% market share.
- Bio-based crop protection chemicals are anticipated to remain the most lucrative in the latter half of the forecast period, with increasing focus on sustainability in agricultural production.
- Latin American market is anticipated to expand at a CAGR of 4.7% during the forecast period.
“Vital players have continued with a focus on geographic expansion and newer product launches to optimise crop yield,” says a Fact.MR analyst.
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Report Benefits & Key Questions Answered
- Crop Protection Chemicals Company & brand share analysis: The report offers brand-share analysis on Crop Protection Chemicals market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Crop Protection Chemicals Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Crop Protection Chemicals Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Crop Protection Chemicals Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Crop Protection Chemicals Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Crop Protection Chemicals: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Crop Protection Chemicals sales.
More Valuable Insights on Crop Protection Chemicals Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Crop Protection Chemicals, Sales and Demand of Crop Protection Chemicals, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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