Agricoltura
Crop Protection Chemicals Market to Advance at CAGR of 5.7% from 2021 to 2031; Rise in Application in Open Field & Protective Cultivation to Offer Lucrative Opportunities, Says TMR
ALBANY, N.Y. , Jan. 25, 2022 /PRNewswire/ -- Herbicides, insecticides, fungicides, and bactericides are gathering traction for use in crop protection. New formulations have helped agriculturists fight against fluctuations in climatic conditions and bolster crop productivity eventually. Advancements in farming techniques have bolstered the use of crop protection chemicals in open field & protective cultivation, and horticulture. The valuation of the global crop protection chemicals market is projected to reach US$ 106.7 Bn by 2031.
The growing trend of insect pest management in organic farming systems has propelled the adoption of bio-based and non-toxic insecticides, thereby fueling sales of products in the market. Further, the need for safer and less toxic pesticides is propelling the demand for biopesticides, observes analysts in a TMR study on the crop protection chemicals market.
Regional norms and international regulations pertaining to health impacts of agrochemicals have led to the introduction of safe and non-toxic formulations, which has enriched the crop protection chemicals market landscape. Cases in point are stringent safety standards put forth by the Organisation for Economic Co-operation and Development (OECD) and Environmental Protection Agency (EPA) to promote discerning use of agrochemicals in crop protection application.
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Some of the key players in the market are Nissan Chemical Corporation, Dhanuka Agritech Ltd., Bharat Rasayan Ltd., China National Chemical Corporation, Nissan Chemical Corporation, Meghmani Organics Ltd., Sumitomo Chemical Co., Ltd., FMC Corporation, Corteva, and Covestro AG.
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