PUBLISHER: Orion Market Research | PRODUCT CODE: 1077995
PUBLISHER: Orion Market Research | PRODUCT CODE: 1077995
Global Crop Protection Market Size, Share & Trends Analysis Report by Type (Herbicides, Insecticides, Fungicides, Biopesticides, and Others), by Origin (Synthetic, and Bio-based), and by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others) Forecast Period (2022-2028)
The global crop protection market is anticipated to grow at a substantial CAGR of 4.4% during the forecast period. One of the core factors that is fueling the market is the growing uncertainty in the climatic behavior across the globe. The climatic fluctuations have a significant impact on crops' sustainability and production to pest problems and plant diseases which affects crop yield. This has been affecting the farming practices, leading to a decline in productivity. Moreover, irregular rain also causes a fungal population. This has increased the demand for crop protection for a farmer, and is anticipated to provide considerable growth in the upcoming years.
The global crop protection market is segmented based on the type, origin, and application. Based on the type, the market is segmented into herbicides, insecticides, fungicides, biopesticides, and others. The other type includes nematicide. Based on the origin, the market is sub-segmented into the synthetic, and bio-based. Based on the application, the market is sub-segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The above-mentioned segments can be customized as per the requirements. Based on type, Herbicides are substances that kill or inhibit the growth of unwanted plants (weeds). They are widely used in weed control, which helps in enhancing crop productivity and quality of output. Herbicides help in reducing soil erosion and increase soil fertility and crop yield. They are used to control or kill unwanted plants and are often known as weed killers. Herbicides are heavily consumed in the agricultural sector and in landscape turf management.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The rest of the World is anticipated to grow considerably during the forecast period owing to the high cropping activities occurring in the countries such as Brazil which consumes a significant amount of crop protection chemicals. This has increased the demand over the past few years, and anticipating growth with the growing farming activities.
The major companies serving the global crop protection market include Bayer AG (Bayer Cropscience Ltd.), Isagro SpA, Marrone Bio Innovations, Inc., Mitsui Chemicals, Inc., Syngenta AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance,in December 2020, Corteva Agriscience launched a new mobile application to help farmersfor protecting their crops and for securing a more sustainable and resilient agriculture system. The tool offers information to ensure the safe use of insecticides, including Runne, Closer, Success, Delegate, Intrepid, Spintor, Tracer, and Exalt.
Research Methodology
The market study of the global crop protection market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Agrochemicals