Crop Protection is a term, used to protect crops from a variety of agents such as insects, weeds, birds etc. They are also used to enhance crop yields and protect plants from various diseases. Crop protection chemicals are of different types including herbicides, insecticides, fungicides, nematicides, and others. Because of their crop protection properties, crop protection chemicals find applications in numerous types of crops such as grains & cereals, commercial crops, pulses & oilseeds, fruits & vegetables, and others. Growing population coupled with advancement in the farming techniques for instance precision farming, smart plantation etc. and rising demand of bio-based crop protection is estimated to drive the demand of crop protection for the forecast period.
Crop Protection chemicals are mainly divided into insecticides, herbicides, and fungicides. Herbicides are used in arable farming for weed control, residues of the previous crop hold the soil in place in wind and rain and make arable farming superfluous.
Few of the well-organized companies that are presently working in the Crop Protection market are DowDuPont Inc., Agreliant Genetics LLC, GroupeLimagrain Holdings Corp., Sakata Seed Corp., BASF SE, DLF Seeds and Science, Bayer Crop Science India Ltd., Takii seeds, Monsanto Co., Land O’ Lake, Canterra Seeds and science, Syngenta AG, KWS SAAT SE and among others. Some of the most prominent players are focused on product improvement & novel product development, resulting in a strong focus on research and development such as partnerships & collaborations as well as mergers & acquisitions.
Increase in usages of environmental friendly insecticides, followed by growth in agricultural production and increase in number of initiatives by government for prevalence of protection chemicals are some major factors, which are responsible for growth of the Crop Protection market. However, volatility in the prices of chemicals and lack of awareness among people may impact the market. Moreover, growth of bio pesticides and organic agriculture and surge in adoption of integrated pest management are leading opportunities for market.
The future growth of the Crop Protection chemicals market depends heavily on the global harmonization of agricultural standards and the introduction of sustainable agricultural practices in emerging economies around the world. Looking at the observed dataset of global farming & agricultural yields, the demand for food products is expected to witness a substantial rise in the upcoming years, simultaneously leading to growth in the requirement for crops. These factors are predictable to result in high demand for pesticides & other crop care products in the global market.
By geographic analysis, the North-America is a prevalent region in global Crop Protection market because of increase in consumption level of crop protection chemicals coupled with growth in technological advancements across the region. The Europe and Asia-Pacific regions are projected to exhibit substantial growth rate caused by rise in need for food security and improvement in regulatory framework over the forecast period. It is estimated that future of the global Crop Protection market will be bright owing to change in crop trends and increase in government support during the forecast period.
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Crop Protection Market Research Report
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