CROP PROTECTION CHEMICALS MARKET ANALYSIS

Crop Protection Chemicals Market, By Origin (Synthetic, Bio-Based), By Type (Fungicide, Insecticide, Nematicide, Herbicide, Other types), By Application (Grains and cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, Other crop types), By Geography(North America, Latin America, Asia Pacific, Europe, Middle East and Africa)

Published In : Sep 2023
Code : CMI5288
Pages :159
Formats :
Excel and PDF
Industry : Agrochemicals

Crop Protection Chemicals MarketSize and Trends

The global crop protection chemicals market size was valued at US$ 66.44 Billion in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. Globally, there are over 800 different registered crop protection chemicals. Companies are highly involved in the research and development of new products. The chemicals undergo rigorous safety tests and other processes to ensure their safety. The global crop protection chemicals market is expected to grow at a healthy rate during the next five years. The growing population worldwide is a major driver of the market.

Global Crop Protection Chemicals Market Trends:

Growing demand for organically grown crops: The growing demand for organic-based crop protection products is a growing trend in the market. For instance, the imposition of stringent regulations by countries in the European Union and North America has accelerated the demand for bio-based products. The increased usage of bio-based crop protection products in the global arena will lead the market in the future.