Analyzing Emerging Trends in the Crop Protection Chemicals Market 2024-2033| BASF SE, Bayer CropScience AG, Syngenta International AG, Sumitomo Chemical Company Limited, Nufarm Limited

Overview and Scope
The crop protection chemicals are used to manage and minimize weeds and plant diseases. The crop protection chemicals are known as a class of agrochemicals that consists of chemical substances which help in preventing crop deterioration from pests and insects’ infestation.

Sizing and Forecast
The crop protection chemicals market size has grown strongly in recent years. It will grow from $66.18 billion in 2023 to $70.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%.  The  growth in the historic period can be attributed to increased demand for agricultural pest and disease control, crop yield improvement, pesticide and herbicide innovations, farming practices, and increased population growth.

The crop protection chemicals market size is expected to see strong growth in the next few years. It will grow to $93.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.  The growth in the forecast period can be attributed to increasing global food demand, precision agriculture, emerging crop diseases, increasing trade and export demand, and biotechnology and genetic modification. Major trends in the forecast period include innovative organic farming practices, data analytics and ai in agriculture, integrated pest management, sustainability practices, industry 4.0 adoption.

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Segmentation & Regional Insights
The crop protection chemicals market covered in this report is segmented –

1) By Type: Fungicide, Insecticide, Nematicide, Herbicide
2) By Origin: Synthetic, Bio-Based
3) By Mode Of Applications: Foliar Spray, Soil Treatments, Seeds Treatments, Other Mode Of Applications
4) By Applications: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercials Crop

North America was the largest region in the crop protection chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crop protection chemicals market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increasing need for food owing to the rising population is significantly contributing to the growth of the crop protection chemicals market. Food is any nutritious substance that is consumed by people to maintain growth and life. As the world’s population grows, so does the demand for high-yielding crops and crop protection. As a result, the demand for crop protection chemicals in the fields grows as well. For instance, according to the Food and Agriculture Organization (FAO), one in every three people, or 2.37 billion people, did not have enough food access in 2020, and over 660 million people may face famine by 2030. Therefore, the increasing need for food owing to the rising population is expected to propel the crop protection chemicals market growth going forward.

Key Industry Players
Major companies operating in the crop protection chemicals market include  BASF SE, Bayer CropScience AG, Syngenta International AG, Sumitomo Chemical Company Limited, Nufarm Limited, China National Chemical Corporation, Corteva Inc., UPL Limited, FMC Corporation, American Vanguard Corporation, ISAGRO S.p.A., BioWorks Inc., Ishihara Sangyo Kaisha Ltd., Marrone Bio Innovations Inc., Rotam CropScience Ltd., Dow Inc., Arysta LifeScience Corporation, ADAMA Agricultural Solutions Ltd., Nippon Soda Co. Ltd., Gowan Company LLC, Albaugh LLC, Sinochem Group Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Nutrichem Company Limited, Sipcam Oxon Group, Certis LLC, Cheminova A/S, Nihon Nohyaku Co. Ltd., Rallis India Limited, Sino-Agri United Biotechnology Co. Ltd.

The crop protection chemicals  market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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