Crop Protection Chemicals Market Size, Share, Analysis, Forecasts, 2015 - 2022

Global crop protection chemicals market was valued at USD 54 billion in 2014. It is projected to reach USD 90 billion by 2022. Several factors contribute to this growth. Burgeoning population is leading to higher food requirement. However, the arable land has reduced. This creates the need for improving crop yield. Awareness regarding consumption of safe, healthy food is on the rise worldwide. This coupled with phasing out of pesticides like atrazine, glyphosate, and chlorpyrifos is creating higher demand for biopesticides. Biopesticides are mainly derived from certain minerals, bacteria, plants, and animals. They employ nontoxic mechanisms to protect crops. They offer higher efficiency - lesser quantities are required for treating the same area of land as compared to their counterparts. Thus, biopesticides would be highly demanded in future. This, in turn, will benefit overall crop protection chemicals market. The overall market may be adversely affected by strict regulations governing the use of synthetic pesticides. Agencies like EPA - Environment Protection Agency of the U.S. and the EC - European Commission are at the forefront in formulating such regulations. For Market Research Report on “Crop Protection Chemicals Market ” Visit - The total global market is segmented on the basis of products, applications, and regions. Major product categories are insecticides, herbicides, fungicides, and others. Herbicides were the most-demanded product in North America and Europe in 2014. Therefore they accounted for a dominant share of the global market that year. Insecticides stood in second place and were valued at about USD 20 billion. Fungicides would witness future growth due to higher probability of fungal infestation across regions. They are split into eradicants and protectants. Main applications segments include cereals, cotton, maize, fruits & vegetables, rice, and others. Cotton, valued at USD 13 billion, was the leading application in 2014. Cereals held a market share of 18% that year. Main demand for cereals came from Asia Pacific and Latin America which are key consumers of food grains and pulses. North America was the regional leader of crop protection chemicals in 2014. It would continue its leadership in the near future. Its expected CAGR from 2015 to 2022 would be 7.2%.  Rising adoption of biopesticides will be the chief contributor. China and India will fuel growth of Asia Pacific market. Increasing population and decreasing arable land in these countries offer immense opportunities. Notable market participants include Bayer CropScience, Aryasta LifeScience, BASF SE, American Vanguard, and Bioworks Inc. Consolidation through mergers and acquisitions is a key trend. Crop Protection Chemicals Market Information Source: Grand View Research

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