Crop Protection Chemicals Market was valued USD 64.9 billion in 2022 and is projected to reach a value of USD 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.
Fastest Growing Market
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.
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.
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