The Crop Protection Market in Australia saw a steady growth in the period of 2017-2021, and the market is expected to grow at a robust CAGR in the forecasted period.
Australia Crop Protection Market Overview: The Australia Crop Protection Market is currently at the growth stage owing to the technological innovations in the industry, pest pressures, rising use of bio-based crop solutions, rising demand for bio-pesticides and the adoption of herbicide-resistant crops by farmers as well as government initiatives. The market is consolidated with ~ players owning the majority of the market.
Insecticides Dominate the Crop Protection Market in Australia: One of the major contributors to the nation’s Crop Protection Market in Australia is insecticides. Wheat and Cereals are the major crops grown in the country. Therefore, insecticides are the most commonly used agrochemicals to protect these crops. The Australian government is encouraging the expansion of bio-insecticide goods over conventional pesticide products due to increased environmental harm incidents and organic farming.
Impact of Covid-19 on Australia Crop Protection Market: Australia implemented a nationwide lockdown during the COVID-19 pandemic to prevent the virus’s spread. However, the Federal Minister for Agriculture deemed Australia’s food production and supply chain as an essential service, with assurances that there will be no stoppage in agricultural supply lines, transportation, and logistics despite state-imposed border closures; thus pesticides were continually delivered to farms. As a result, the COVID-19 pandemic did not have a significant impact on the Australian Crop Protection Market.
Crop Yields Depend on Agrochemicals: Among the major cereals grown in Australia which include wheat, barley, oats, canary and triticale, insects such as cutworm, armyworm, mites, heliciverpa, and aphids are commonly known pest species that cause yield loss for these crops. Therefore, insecticides are the most commonly used agrochemicals in cereals and grains in the country. Barley like any other cereals can be damaged by a wide range of insect pests. Aphids are the primary insect pest affecting barley in the northern growing region of Australia. Research has shown that the main impact of aphids in the northern region is through their feeding activity, which reduces barley yields. Therefore, to reduce the infestation of diseases and pest, many farmers in Australia rely on agrochemicals to protect their crop from pests, weeds and diseases.
Analysts at Ken Research in their latest publication “Australia Crop Protection Market Outlook to 2027F – By Origin (synthetic, bio-based), By Type (herbicides, insecticides, fungicides, nematicides, molluscicides and others), By Application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and others)” observed that Australia Crop Protection Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increase in demand for bio-pesticides and the adoption of herbicide-resistant crops by farmers. The Crop Protection Market in Australia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
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Key Segments Covered in the report
By Origin
- Synthetic
- Bio-based
By Type
- Herbicides
- Insecticides
- Fungicides
- Nematicides
- Molluscicides
- Others
By Application
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Commercial Crops
- Others
Key Target Audience
- Government Bodies and Regulatory Authority
- Agrichemical Companies
- Biotechnological Companies
- Pesticide Manufacturers
- Fintech Companies
- Investors and Financiers
- Chemical Companies
- Venture Capitalist
- New Market Entrants
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Period: 2022
- Forecast Period: 2022-2027F
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Companies Covered:
- Syngenta AG
- Bayer AG
- Corteva AgriScience
- BASF SE
- United Phosphorus Ltd
- ADAMA Agricultural Solutions
- FMC Corporation
- Nufarm Ltd
- Sumitomo Chemicals
- American Vanguard Corporation
Key Topics Covered in the Report
- Australia Crop Protection Market Overview
- Australia Crop Protection Market Segmentation
- Ecosystem of Australia Crop Protection Market
- Market Share of Major Players in Australia Crop Protection Market
- Industry Analysis of Australia Crop Protection Market
- Value Chain of Crop Protection Market in Australia
- Key Challenges of Australia Crop Protection Market
- End User Analysis of Australia Crop Protection Market
- Key Growth Drivers of Australia Crop Protection Market
- SWOT Analysis of Australia Crop Protection Industry
- Future Outlook of Australia Crop Protection Market
- Trends and Development of Australia Crop Protection Market
For more insights on the market intelligence, refer to the link below: –
Future Outlook of Australia Crop Protection Market
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South Africa Crop Protection Market Outlook to 2022
Indonesia Agrochemicals Market Outlook to 2025
Europe Agriculture Equipment Market Outlook to 2023
