In a recent published report, Kenneth Research has updated the market report for Crop Protection Chemicals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Crop Protection Chemicals Market products.
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The market of chemicals for crop protection is expected to grow with a CAGR of 5.7% in the forecasted period of 2018 – 2028. Crop Protection Chemicals Market Study By Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Share, Trends, Analysis, Opportunities, Segmentation And Forecast 2018-2028
Population is increasing rapidly around the world and along with the growing population, the demand for food is also increasing without compromising on the quality and quantity of food which in turn is proving a boon for the crop protection chemical market. Today, there is pressure on the agricultural world to feed the rapidly increasing population through limited or diminishing availability of land and all these problems cannot be solved alone with the conventional agricultural methods. This is where, comes the importance of the chemicals used for crop protection. These chemicals include fungicides, herbicides and insecticides etc. They are used in the agricultural field due to many other reasons such as they improve the quality and yield of agricultural products.
“The CAGR value Could change due to COVID-19 Pandemic”
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
There are many factors driving the market such as, the need to feed the ever increasing population of the world, in spite of the decreasing arable land fit for agriculture. Also, there is an increase in demand of healthy food which is free from harmful organisms, all these problems are dealt by the chemicals used in crop protection. Although there are many driving forces in the market yet there exist some restraints and challenges in the market such as environmental concerns, also use of crop protection chemical may lead to the extinction of beneficial species also its excess use can have adverse effects on human and other animals hence many strict regulations are there to prevent these kinds of hazards.
Crop protection chemicals can be segmented on the basis of types such as synthetic and natural. These chemicals can also be segmented on the basis of targeted use and the type of crops to be dealt with. Based on geography crop protection chemicals are divided into four regions majorly North America, Europe, Asia-Pacific, Rest of the world, where the market is dominated by North America followed by Asia Pacific and Europe. Some of the major market players of the industry are Nufarm, Biostad, BASF etc.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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Companies profiled include
1. FMC
2. Novozymes
3. Nufarm
4. Sumitomo Chemical
5. Valent BioSciences
6. ADAMA Agricultural Solutions
7. Agrium
8. Arysta LifeScience
9. DuPont
10. BASF
11. Bayer CropScience
12. Dow AgroSciences
13. Monsanto
14. Syngenta
15. Cheminova
16. Chemutra corporation
17. Adama agricultural solutions
18. Nippon soda co. ltd.
19. Punjab Chemical and Crop Protection Ltd.
20. Crystal Crop Protection
21. Biostad
22. Atul crop protection Ltd.
23. Syngenta
24. Coromandel fertilizers
25. Mauni agro Chemical industries pvt. Ltd.
26. Gharda Chemicals Ltd.
27. Arham petrochem Pvt. Ltd.
28. Rallis India
29. Agrimaxx
30. Makhteshim Agan
This Research Report covers
1. Historical data
2.Revenue forecasts, growth rates and CAGR up to 2028
3.Industry Analysis
4.Competitive Analysis
5. Key geographic growth data
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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