Agricoltura
Focus on Improving Agricultural Yield to Spur Crop Protection Chemicals Sales by 1.6x through 2031
On account of this, sales of crop protection chemicals are projected to grow by 5.3% CAGR over the forecast period 2021-2031 in comparison to 4.3% CAGR registered between 2016 and 2020.
Plant pests, weed, and diseases have become more common due to the change in environmental circumstances. Hence, modern farmers are extensively adopting crop protection chemicals such as herbicides, insecticides, and fungicides to increase agricultural yield by safeguarding crops against pests and weeds.
Driven by this, demand for crop protection chemicals is anticipated to increase by 1.6x over the coming decade.
Also, growing investments and the introduction of subsidies by the government to increase the overall agricultural output will boost the market. These subsidies are intended to facilitate agricultural production and address surging demand for food in Brazil , India , the U.S., and China.
In terms of source, bio-based crop protection chemicals are expected to register the fastest growth. Expansion of this category is attributed to the increasing commercialization of bio-based chemicals derived from plants, bacteria, minerals and animal sources and increasing awareness regarding the ill effects of using synthetic chemicals on arable land.
says a Fact.MR analyst.
As per Fact.MR, tier-1 crop protection chemicals manufacturers are expected to account for more than one-third of the global sales in 2021. Key manufacturers are heavily investing in the research and development (R&D) for introducing novel crop protection solutions and focusing on geographical and capacity expansion to expand its market share. For instance,
Some of the key players in the market profiled by Fact.MR are:
Fact.MR, in its new report, offers an unbiased analysis of the global crop protection chemicals market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in crop protection chemicals market with detailed segmentation:
Pre-emergent herbicides are widely utilized in agricultural lands, lawns, and other locations where weed development is a major concern. The grass keeper, nurseryman, or farmer selects and applies pre-emergent herbicides strategically to successfully control weed development over the long and short term, depending on the herbicide selected. In industrialized locations such as Europe and North America , pre-emergent herbicides are mostly used. During the historical period, the market has gained traction in various regions.
- Insecticides are frequently used in agricultural fields, urban green spaces, and public health initiatives to protect humans and plants from numerous diseases. Aerosol insecticides, or insecticides packaged in aerosol form, are praised for producing less waste than other types of insecticides since they are designed to deliver only a specified amount of poison during each spray. As a result of this, the global market for aerosol insecticides continues to play a significant role in the insecticides sector.
Bio rational fungicides are fungicides that have no or minimal negative effects on the human body or the environment. They are suitable for use in organic greenhouses and indoor agricultural facilities due to their low toxicity. The industry is expected to benefit from the growing trend of using organic fertilizers, insecticides, and fungicides instead of chemicals. Growing global knowledge of the benefits of using organic farm products is driving demand for organic agricultural ingredients, which will eventually increase demand for organic pesticides, particularly bio rational fungicides.
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