GLOBAL TRENDS IN CROP PROTECTION CHEMICALS INDUSTRY BY 2030

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GLOBAL TRENDS IN CROP PROTECTION CHEMICALS
INDUSTRY BY 2030

• Meghmaniglobal.com

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(No Transcript)
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• The world population is increasing rapidly,
  pressing the agriculture department to increase
  the annual yield from agricultural fields. The
  global human population is estimated to be around
  10 billion by the year 2050. To satiate this
  large populations food requirements, many crop
  protection chemicals are being used in farming to
  enhance the overall yield. Climate change also
  harms the agriculture sector, encouraging the use
  of these crop protection chemicals. As a result,
  the crop protection chemicals market is estimated
  to generate revenue of 40 billion by the year
  2030.

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Driving Factors

• The industry trends are continuously changing. It
  is influenced by numerous factors, including
  increasing organic farming and innovations. In
  addition, climate change has made the crops
  susceptible to diseases, further propelling the
  use of crop protection chemicals.

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Geographical Analysis

• In geographic regions, this industry has
  displayed considerable growth in Latin America
  since 2010. APAC has become the fastest-growing
  market with increasing usage in developing
  economies India and China. Backed by government
  regulations and a prominent local manufacturer
  base, North America contributed a significant
  market share in 2021.

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Trends

• Herbicides captured the largest market share in
  revenue, estimated to be 40 billion in 2021. The
  herbicides are expected to grow at a 5 CARG by
  2030, owing to their steadily increasing usage in
  row-crop farming. The insecticides category also
  generated a significant market share over their
  wide use in the production of staple crops.
• The cereals category is expected to register the
  highest growth by 2030 owing to the rise in
  global population and growing awareness regarding
  healthy lifestyle and diet. In addition, the
  scarcity of farming lands is also expected to
  fuel the increase in the usage of crop protection
  chemicals by 2030.
• Regarding source, the synthetic chemicals segment
  holds a significant market share owing to its
  abundant use in developing economies, including
  Africa and Asia. Furthermore, demand for
  biologically sourced chemicals is expected to
  rise in the forecast period on the back of local
  and central government support for eco-friendly
  crop protection chemicals.
• In modes of application analysis, conventional
  methods such as soil application still hold a
  significant market share. However, seed treatment
  is gaining traction owing to its better cost and
  efficacy.

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Investments and RD Boost Market Growth

• Direct investments have considerably increased in
  the agriculture sector, giving rise to the
  findings on agriculture technologies. These
  investments are primarily for encouraging the
  development of new and effective products.
  Technological advancements have also led to
  advanced agricultural practices, including farm
  robotics and novel farming techniques. These
  direct investments are encouraging such advances
  in agriculture.
• Market players seek innovations and new product
  launches to stay ahead of the competition. For
  instance, Syngenta Crop Protection AG
  collaborated with M2i Group to launch a natural
  pheromone-based solution to boost growth and
  control pests in grape farming in 2020.
  Furthermore, in 2019, BASF introduced Seltima,
  an innovation in fungicide for protecting rice
  crops. Some leading players in the global market
  include BASF SE, Bayer AG, The Dow Chemical
  Company, FMC Corporation, and UPL Limited.
• Crop Protection chemicals are in demand, and the
  trends keep on changing. To get the best benefits
  from the substances, one must use the pure and
  required combination of these chemicals. For any
  requirement related to crop protection chemicals,
  you can connect with us. We are one of the
  leading crop protection chemical manufacturers
  based in Ahmedabad. All the substances are tested
  under global standards. As leading crop
  protection chemical manufacturers, we understand
  the importance of storage. Therefore, we store
  all the chemicals in a hygienic and
  temperature-controlled space. Contact us today to
  get your hands on the best quality crop
  protection chemicals at the lowest rates.

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Contact Us

• Company Website https//www.meghmaniglobal.com
• Email exports_at_meghmanidyes.com
• Address 9th Floor, B-Wing, Siddhivinayak
  Towers,
• Near Kataria Arcade, Off.
  S G Highway,
• Makarba, 380051
• Phone Number 91 7926812827
• Content Source https//www.meghmaniglobal.com/glo
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