Crop Protection Chemicals Market to 2022

Increasing Consumer Awareness Regarding Food Safety To Drive Demand | Million Insights - Seite 2

The global crop protection chemical market has been segmented by the product into herbicides, fungicides, insecticides and others. Herbicides market segment accounts for the largest share in terms of volume owing to wide usage in the Europe and North America.

Fungicides account for the significant share in terms of volume in the global markets. The regions with favorable climatic conditions augments the fungal growth which in turn drives the demand. Fungicides are classified as protectants and eradicants. Protectants prevent the growth of fungus in plants; whereas eradicants eliminate the fungal growth. Protectants are the most widely used fungicides in the global markets.

The crop protection chemicals have also been segmented on the basis application including fruits and vegetables, cereals, maize, cotton, rice and others.  Cotton is expected to account for the largest share in the global markets owing to increased production coupled with increased utilization of agrochemicals in the cotton yield. Severe drought conditions in the economies such as India have impacted the crop plantation. However, rising government support with several initiatives and monetary aids is anticipated to drive the demand growth in the market.  This trend is expected to continue owing to increasing demand for healthier products by the ever increasing population.

The global crop protection chemical market has been segmented on the basis of geography into North America, South & Central America, Europe, Middle East & Africa and Asia Pacific. North America accounts for the largest share of global crop protection chemical market in terms of volume. Ill effects of synthetic chemicals in the North American region are expected to restrain the growth. However, the development of bio pesticides in the region owing to several attributes such as high effectiveness and safety coupled with low toxicity is expected to drive the market growth over the forecast period. In addition, the arable land in the economies of region such as India, China and Southeast Asia has shown a sizeable decrease which is expected to fuel the growth of protection chemical market in the next eight years.