Crop Protection Chemicals Market Demand, Financial Overview, Key Developments and Forecasts 2022 “Crop protection chemicals industry is driven by factors such as rise in necessity for enhanced crop yield to suffice the food demands for rapidly growing population. "
Global Crop Protection Chemicals Market developed and published by Market Research Place provides a brief and detailed knowledge about key players, market state and circumstances that are covered deeply in this report. The report will offer significant assessments for the period between 2012 and 2022. The business chain supporting the Crop Protection Chemicals market is analyzed in detail covering accurate information about aspects such as the industrial chain, proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market . The global crop protection chemicals market is expected to cross USD 90.09 billion in the forecast period. Crop protection chemicals industry is driven by factors such as rise in necessity for enhanced crop yield to suffice the food demands for rapidly growing population. In addition, inclination toward bio-pesticides when compared to synthetic pesticides is likely to contribute to the market growth in the forecast period. The market witnesses several opportunities in the form of rise in demand for food across various parts of globe. However, land scarcity and limited food supply are likely to disturb the market growth in the forecast period upto 2022. Crop protection chemicals for agriculture have not only played a significant role in production of food to support food demands but also lower the risk of infestation and infectious disease transmitted by micro -organisms and insects. Evolution in technologies such as chemicals, automated high-throughput, crop genetics, formulations, and smart agriculture is likely to offer new tools in the discovery and progress of agrochemicals. Commercially, crop protection chemicals are also known as fungicides, herbicides, and insecticides. Pests being the living organisms can cause injury or possible damage to crops, stocked food, and livestock. They can significantly lessen the potential of farming, raise production costs, and to make matters worse, pests can even destroy an entire cropping system. Hence, there are multiple ways to control the pests and the objective is to minimize the damage and keep pest population below the economic damage.
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At times, alternative methods are followed in place of protection chemicals. For instance, physical and mechanical control issued for weed control. Biological control methods are used to lessen the potential of pest species. Genetic control methods are used for plant breeds with pest resistant features. The crop protection chemicals market is segmented into product, application, and region. Geographical segmentation for crop protection chemicals industry include North America, South America, Europe, Asia-Pacific, Middle East and Africa. European crop protection market leads in the global scenario owing to high demand for vegetable and fruits. Middle Eastern regions are likely to gain a strong market position in the crop protection chemicals market due to extensive farming and agricultural practices. Asia-Pacific’s crop protection chemicals industry is expected to gain a prominent position due to smart agricultural practice; demand for food on regular basis, and rise in technology with respect to agriculture. The key players in the crop protection chemicals market include Marrone Bio Innovations, BASF SE, Nufarm Ltd, DuPont, BioWorks, FMC Corp, Natural Industries, Monsanto, Syngenta AG, Sumitomo Chemical, Valent Biosciences and Novozymes A/S.
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