Crop Protection Chemicals Market By Origin, By Product Type, By Formulation, By Application, By Mode of Application, and Geography
Crop Protection Chemicals Market was valued US$ 64.9 billion in 2022 and is projected to reach a value of US$ 75.8 billion by 2029, growing at a CAGR of 3.4% from 2023-2029. Due to increase in the adoption of agrochemicals in developed and developing countries to prevent various crop diseases. Moreover, rise in R&D for the development of newer crop protection chemicals, sudden changes in environmental conditions, and rise in demand for healthy food products are the major factors that are driving the growth of the market. With strong expansion and shifting crop mix trends and environmental laws, the crop protection chemical sector has evolved throughout the years. Growing population, shrinking arable land, food security, and the need for increased agricultural productivity are all driving demand for more agricultural output, enhancing the crop protection industry's global expansion. On the other hand, rising R&D costs, low per capita use of crop protection chemicals in a number of developing nations, and pesticide bans in some areas are also substantial restrictions. Global crop protection chemicals market is surging owing to product approvals and launchings by the market players.
Study Period
2024-2030Base Year
2023CAGR
3.4%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the demand for healthy food products coupled with decrease in arable land propel the adoption of crop protection chemicals market over the forecast years. Moreover, surge in global population, government initiations to increase the crop yield, rise in awareness about the various crop diseases among the formers, and change in agriculture farming techniques are anticipated to boost the global market over the forecast timeframe.
North America accounted for larger revenue share in global crop protection chemicals market with significant CAGR. Increase in agriculture farming in U.S. and Canada, grow in awareness about the various crop diseases among the farmers, and development of newer products by the market players are anticipated to propel the market in North America region. Europe market projected to grow at significant rate owing to increase in R&D for the development of newer products, demand for high-value horticulture crops, and better availability of the products are expected to enhance the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 64.9 billion |
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Market Size in 2029 |
US$ 75.8 billion |
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Market CAGR |
3.4% |
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By Origin |
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By Product Type |
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By Formulation |
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By Application |
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The key segments covered in the Crop Protection Chemicals Market are: by Origin, Product Type, Formulation, Application, Mode of Application
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Table of Content
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.
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