Select Language
The latest report by IMARC Group, titled “Crop Protection Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global crop protection chemicals market reached a value of US$ 88.0 Billion in 2022. The rapidly growing population, particularly in the developing regions, has been challenging the food production capacity. To ensure adequate and reliable food supply, farmers rely on crop protection chemicals. Also known as pesticides or agrochemical products, crop protection chemicals play a crucial role in monitoring and controlling the pests and diseases that infect, consume or damage crops. The development of crop protection chemicals has helped farmers to manage crop pests including weeds, insects and fungi; improve and maintain the yield; and cost-effectively contribute to food security.
Crop Protection Chemicals Market Trends:
Governments in various countries are creating awareness among farmers about the benefits of crop protection chemicals. They are also encouraging R&D for manufacturing new products that will help in efficiently dealing with pest attacks on crops. For instance, BASF United States has developed new strobilurins which control fungal pathogens in a higher number of cultivated crops, including grains and specialty crops. Apart from this, researchers are focusing on producing products that are highly selective in their action to minimize the impact on non-target organisms. Recently, several programs have also been introduced across the world, particularly in Europe, to ensure that the agrochemicals available in the market cater to modern safety and environmental standards. This, in turn, has encouraged the manufacturers to produce bio-based chemicals derived from natural sources, such as plants, bacteria, animals and fungi. Due to their beneficial properties and lower environmental impact as compared to conventional products, the demand for bio-based crop protection chemicals is anticipated to increase in the coming years. Looking forward, the market value is projected to reach US$ 116.5 Billion by 2028, expanding at a CAGR of 4.28% during 2023-2028.
Market Segmentation:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com