January 06, 2021
According to the recent research report titled ‘Global Crop Protection Market Analysis, 2020’, available with Market Study Report LLC, global crop protection market is expected to record a y-o-y growth rate of 7% during 2020-2025.
Industry experts claim that increasing production of grains, mounting population, and surging popularity of bio-based chemicals are primarily driving the growth of global crop protection market.
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With respect to type, biopesticides segment of global crop protection market is predicted to accrue notable gains over the analysis period, owing to rising cognizance among the customers regarding residual effects of synthetic pesticides on food items. Thus, shifting preferences among farmers towards using biopesticides for protecting crops coupled with rising approval of organic farming practices are anticipated to accelerate the overall market growth.
Speaking of crop type, global crop protection market is split into fruits & vegetables, oil seeds, cereals, and others. With reference to mode of application, the industry is bifurcated into seed treatment, soil treatment, and foliar spray.
Citing the geographical spectrum, the prominent regions considered for global crop protection industry analysis are Europe, South America, North America, Middle East & Africa, and Asia Pacific. The regional-level bifurcation includes United States, Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, Russia, Spain, Saudi Arabia, Egypt, UAE, Japan, India, China, and South Korea.
The report states that Asia Pacific held a considerable share of global crop protection industry in the year 2019 and is expected to expand further over the assessment period.
The report contains information regarding business description, product offering, partnerships or strategic alliances adopted by the listed firms in an effort to sustain the competition.
Speaking of which, major contenders impacting global crop protection market trends are UPL Ltd., Adama Agricultural Solutions Ltd., Monsanto Company, Nufarm Limited, FMC Corporation, Bayer Cropscience Ltd., Syngenta, Sumitomo Chemical Co. Ltd., The Dow Chemical Company (TDCC), and BASF SE.