MMR, global market research and consulting organization, has released a new study titled "Crop Protection Chemicals market - Global outlook to 2027". Industries’ constant focus on reducing the operational cost and increased attention on core business, and the need to improve scalability are expected to shape the Global Crop Protection Chemicals market to grow at a CAGR of %.
Global Crop Protection Chemicals Market : was valued at US$ 14 Bn. in 2021. The Global Crop Protection Chemicals Market size is estimated to grow at a CAGR of 7.1 % over the forecast period.
According to an Analyst at MMR, the Global Crop Protection Chemicals market will experience significant growth during the forecast period due to potential opportunities lying in the market. The market drivers are:
COVID-19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data helps us understand the market situation. To understand the influence and factors of the COVID 19 on the global Crop Protection Chemicals market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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Market Segmentation:
Based on the Type, Herbicides are chemicals that kill or prevent undesired plants from growing (weeds). They are commonly employed in weed control, which aids in crop productivity and output quality. Herbicides aid in the reduction of soil erosion as well as the improvement of soil fertility and crop productivity. They are sometimes referred to as weed killers since they are used to control or eliminate undesirable vegetation. Herbicide use in agro ecosystems may alter weed population composition. Herbicides may boost the diversity of native species in wild lands. The dangers to plant biodiversity posed by habitat loss and invasive species outnumber those posed by pesticide usage. Weed waste grounds, industrial locations, railways, and railway embankments all utilise non-selective insecticides.
Based on the Form, market for liquid forms of crop protection chemicals is expected to be driven by the increased demand for liquid forms of crop protection chemical products, primarily in the foliar spray and seed treatment modes of application. They're also less expensive than solid formulations and can be blended with any other crop enhancer or protectant, increasing demand.
The market is divided into main 5 regions and they are North America (U.S., Canada), Europe (U.K., Germany, France, Italy), Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea), Latin America (Brazil, Mexico, Argentina, Chile), and MEA (Saudi Arabia, South Africa, Egypt) respectively. The MMR Company provides government regulation and pricing analysis of each and everyone that helps to understand the market situation and current competition in the market.
Key Players:
• BASF SE (Germany)
• The Dow Chemical Company (US)
• Dupont (US)
• Sumitomo Chemical Co., Ltd (Japan)
• Syngenta AG (Switzerland)
• Bayer Cropscience AG (Germany)
• FMC Coropration (US)
• NufarmLimited (Australia)
• Adama Agriclutural Solutions Ltd. (Israel)
• Verdesian Life sciences (US)
• Bioworks Inc. (US)
• Valent US (US)
• Arysta Lifescince Corporation (US)
• America Vanguard Corporation (US)
• Chr. Hansen (Denmark)
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The report provides a detailed analysis and forecast of the industry covering the following key features:
- Industry outlook includes current and future market drivers, restraints, trends, challenges, emerging technologies, and recent developments.
- Key industry developments and key insights
- Significant marketing factors such as driver, restraints, opportunity, and challenges
- Number of significant companies and their revenue and net income
- Other market trends
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