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Crop Protection Chemicals Market Size

Report ID: GMI6831
Published Date: Sep 2023
Report Format: PDF

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Crop protection chemicals Market Size

Crop Protection Chemicals Market size was valued at around USD 88.2 billion in 2022 and is estimated to register a CAGR of 4.2% between 2023 and 2032. The primary driver for crop protection chemicals is the need to control and manage pests, diseases, and weeds that can negatively impact crop yields and quality. As global agriculture faces increasing challenges from invasive pests and emerging diseases, the demand for effective chemical solutions grows.

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As the global population continues to grow, there is increasing pressure on the agricultural sector to produce more food. Farmers turn to crop protection chemicals to maximize crop yields and ensure a consistent food supply. Crop rotation and diversification are common practices in modern agriculture to improve soil health and reduce pest pressure.

Crop Protection Chemicals Market Report Attributes
Report Attribute	Details
Base Year:	2022
Crop Protection Chemicals Market Size in 2022:	USD 88.2 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.2%
2032 Value Projection:	USD 132.4 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	304
Segments covered:	Product, Source, Crop Type, Form, Application, Region
Growth Drivers:	Growing agriculture industry Increasing demand for high yield products Rising population and increasing global demand
Pitfalls & Challenges:	Regulatory Compliance Environmental Concerns Resistance Management

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Stringent regulations and evolving pesticide registration requirements can create hurdles for manufacturers. The environmental impact of crop protection chemicals, including pesticides and herbicides, is a significant concern. The development of resistance in pests, diseases, and weeds to commonly used crop protection chemicals is an ongoing challenge. Thus, the risks associated with Crop protection chemicals may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for crop protection chemicals was USD 88.2 billion in 2022 and is projected to be valued at USD 132.4 billion by 2032 attributed to the rising need to control and manage pests, diseases, and weeds.

Crop protection chemicals industry from the herbicides segment reached USD 35.2 billion in revenue in 2022 owing to the growing need to control weeds, which compete with crops for resources, such as sunlight, water, and nutrients.

U.S. industry size for crop protection chemicals generated USD 35.2 billion in revenue in 2022 and is anticipated to expand significantly through 2032 owing to the presence of wide variety of pests and diseases affecting crops in the region.

Some of the leading crop protection chemical companies are Nippon Paper Industries Co., Ltd., Stora Enso, South African Pulp & Paper Industries, Mondi plc, ITC Limited, Smurfit Kappa Group, Oji Holding Corporation, and International Paper Group.