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The latest research report by Emergen Research, named ‘Global Crop Protection Solution Market – Forecast to 2032 The study on the Global Crop Protection Solution Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Crop Protection Solution Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
The global crop protection solution market size was USD 65.21 Billion in 2021 and is expected to register a revenue CAGR of 3.23% during the forecast period. Rising demand from the agriculture sector owing to growing number of plant-eating insects and increasing government initiatives and Research and Development (R&D) activities are factors driving revenue growth of the market.
The Crop Protection Solution Market is a vital segment of the agricultural industry aimed at safeguarding crops from pests, diseases, and weeds. This market encompasses a wide array of products, including pesticides, herbicides, fungicides, and insecticides, along with biological and genetically modified solutions. With the global population projected to reach 9.7 billion by 2050, ensuring food security becomes paramount, driving the demand for crop protection solutions.
Drivers of Crop Protection Solution Market
Several factors fuel the growth of the Crop Protection Solution Market. Firstly, the increasing need for enhancing agricultural productivity to meet the growing food demand acts as a primary driver. Farmers are increasingly adopting crop protection solutions to mitigate yield losses caused by pests and diseases. Additionally, the rise in adoption of genetically modified crops, coupled with advancements in biotechnology, contributes significantly to market expansion. Furthermore, the growing trend of integrated pest management practices and sustainable agriculture practices drives the demand for environmentally friendly crop protection solutions.
Major Companies and Competitive Landscape
The Crop Protection Solution Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Some major players included in the global Crop Protection Solution market report are:
- BASF SE
- Dow
- Dupont
- Syngenta Group
- Bayer AG
- Solvay
- Devex
- Bioworks, Inc.
- FMC Corporation
- Corteva Agriscience
- Chr. Hansen Holding A/S
- ADAMA
- Nufarm
- Kemin Industries, Inc.
- Exxon Mobil Corporation.
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Insecticides
- Pesticides
- Herbicides
- Rodenticides
- Others
- Size Outlook (Revenue, USD Billion; 2019–2030)
- Biopesticides
- Natural
- Others
- Mode of Application Outlook (Revenue, USD Billion; 2019–2030)
- Seed Treatment
- Foliar Spray
- Soil Treatment
- Others
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
- Analysis and estimation of the Crop Protection Solution Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Crop Protection Solution Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments