Crop Protection Chemicals Market Poised for 5.3% CAGR over 2021-2025, Bio-based Variants Emerge Lucrative Economical affordability and consistently growing efficacy of crop protection chemicals have been primarily upholding the global crop protection chemicals market. A recent research study of Fairfield Market Research suggests that the market for crop protection chemicals will continue to showcase a promising growth outlook between 2021 and 2025, at a CAGR of 5.3%, reaching a valuation of US$83.5 Bn by 2025. With sustainable farming practices prominently surfacing on the agricultural horizon, demand for crop protection chemicals is likely to escalate in the near future. While arable land continues to decline at an alarming rate, concerns regarding food security and crop yield remain amongst the prime global challenges. Increasing need for augmented agricultural yield thus remains the strongest supporting factor for robust growth of the crop protection chemicals market. On the flipside, pesticide bans and relatively low per capita consumption of crop protection chemicals are expected to continue playing out as the key impediments for market growth, especially in developing economies. Get a Sample Copy of Crop Protection Chemicals Market: https://www.fairfieldmarketresearch.com/report/global-crop-protection-chemicalsmarket/request-sample Inclination towards Usage of Biopesticides Acts as a Strong Push Factor for Market Growth The agricultural industry has witnessed a massive transformation over the years. One of the most noticeable developments is soaring adoption of modern agricultural techniques for enhanced crop output and more efficient cultivation of mixed crops. Moreover, rise in awareness among farmers about potential hazards of chemical-based pesticides and insecticides is pushing demand for sustainable crop protection solutions that cause minimal contamination to final agricultural produce and leave negligible scope for soil pollution. The report published by Fairfield Market Research indicates that this will play a crucial role in shaping up crop protection chemicals market over forecast period. A sizeable farming population in developed western economies is well aware of the fact that nothing can match the benefits of organic crop protection products. They are thus readily investing in organic and bio-based chemicals to protect their crops and eventually attain highquality, harmful chemical-free produce. With more companies investing a fortune amount in commercialization of biopesticides to make them widely preferred crop protection chemicals, the global market is receiving strong tailwinds to thrive in the near future. With consistently expanding markets for organic agricultural produce, sales of bio-based crop protection chemicals are more likely to witness a climbing trajectory through the period of assessment.
Global Crop Protection Chemicals Market is Anticipated to Reach US$83.5 Bn by 2025
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