Latest Trends in the Crop Protection Chemicals Market by 2022

Rapid population growth, which demands high food production coupled with rising awareness regarding food safety is expected to drive demand for crop protection chemicals.

The Global Crop Protection Chemicals Market is expected to reach USD 90.09 billion by 2022, according to a new report by Grand View Research, Inc.

The industry is highly competitive owing to the presence of numerous manufacturers spread across the globe. The manufacturers are expected to undergo mergers and acquisitions in order to strengthen their business and widen consumer base. Strong foothold of existing manufacturers such as Bayer AG, Dow AgroSciences, Syngenta and BASF in the market is expected to obstruct the growth of new players.

Crop Protection Chemicals Market

The industry players are expected to shift their focus to produce bio-based chemicals, in order to meet the rising consumer demand for environmentally friendly products. Increasing stringent regulations on the existing hazardous synthetic crop protection chemicals by government bodies such as EPA and OSHA is expected to hamper industry growth over the projected period.

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High investments by major players to manufacture crop specific green protection chemicals with low cost is expected to impact the industry positively. The industry has numerous distributors and suppliers which reach the consumers from remote locations, which is likely to boost industry growth.

Top Players of Crop Protection Chemicals Market:

The major players in the industry are expected to venture into local markets of the developing economies by acquiring the small-scale companies in order to strengthen company roots in the high potential markets

Market Segments of Crop Protection Chemicals Market:

The Global Crop Protection Chemicals Market Segmented on the basis of Product and Application:

By Products:

•    Herbicides
•    Fungicides
•    Insecticides
•    Others

By Application:

•    Fruits & vegetables
•    Cereals
•    Maize
•    Cotton
•    Rice

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