Tokyo, April 08, 2022 (GLOBE NEWSWIRE) — The world Crop Protection Chemicals Market Size was valued at US$68.32 billion in 2021. The main driver is to put more emphasis on high agricultural productivity to tackle food security. In terms of regulatory measures for safe farming and farming and agricultural practices in general, the agricultural industry has made significant progress around the world. Growing food demand has prompted agrochemical companies to invest in research and development to improve their product and switch to greener alternatives.

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Major market players have been seen in the business of commercializing bio-based compounds derived from mineral, plant, bacterial, and animal sources. Biopesticides are an example of an area where the industry has made great strides. In recent years, crop protection research has focused on producing chemicals that are safer than their older counterparts to meet the demand for new molecular solutions to control pests that have acquired resistance to compounds. previous.

Selectivity to control target pests, low application rate requirements per hectare, broad-spectrum control to cover a wide group of pests and diseases, and compliance with regulatory frameworks in regional and local markets are just a few. each other’s main research and development priority areas.

Report Highlights

• Based on the products, the herbicides segment is estimated to be the most opportunistic segment during the forecast period. They are commonly used in weed management, which contributes to crop productivity and production quality. Herbicides help reduce soil erosion as well as improve soil fertility and crop productivity.
• Based on applications, cereals and grains segment dominated the global crop protection chemicals market in 2020 with the highest market share. The expanding global population has led to greater focus on food security and strong demand for crops, driving the growth of the grains and cereals segment.

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Regional overview

North America is the largest crop protection chemicals market segment in terms of region. Growing public awareness of pesticides along with continuous technological developments are driving this industry forward. Agribusiness companies have also been pushed to expand their supplier and production bases in North America due to the increased demand for crops and increased cultivation in the region.

Asia-Pacific is the fastest growing region in the crop protection chemicals market. Rice cultivation and the dominance of small businesses are found in almost all Asian countries.

Market dynamics

Drivers

Appearance of pests due to climatic conditions

Plant diseases and pests have become more common due to changing environmental conditions. Climate change has a substantial impact on crop productivity and susceptibility to insect problems. Climate change makes crops more susceptible to various pests and disorders, which impacts crop productivity. As a result, each climate change leads to a change in agricultural practices, leading to a drop in production. Also, the fungal population has increased due to unpredictable wet weather in different parts of the country. Thus, the emergence of pests due to climatic conditions is driving the growth of the crop protection chemicals market.

Constraints

Increased pest resistance

One of the main factors limiting the expansion of the phytosanitary products market is the resistance of insects to certain phytosanitary treatments. The increase in pest resistance results from the dramatic drop in the effectiveness of certain active substances. Changes in insect metabolic patterns, increased reproductive rates and pest multiplication are all factors that contribute to this resistance.

Opportunities

growing organic farming

Pesticides made without the use of chemicals are called biopesticides. Since growing environmental concerns, as well as the potential for pollution and health problems associated with many conventional pesticides, the demand for biopesticides has steadily increased in all parts of the world. Biopesticides are becoming increasingly popular due to their lower toxicity or non-toxicity compared to synthetic pesticides. Additionally, unlike traditional pesticides, which frequently harm a wide range of insect, bird, and mammalian species, biopesticides give more targeted activity to the desired pests. Biopesticides can also be very effective in small amounts, requiring less exposure and breaking down quickly; they leave virtually no harmful residue after application.

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Challenges

Problems with pesticide residues

Pesticide residues are of increasing concern due to their persistent nature, toxic characteristics, bioaccumulation, lipophilicity and negative health effects. Pesticides are absorbed by the human body through the ingestion of contaminated fruits and vegetables. Cancers, birth defects, neurological diseases, endocrine disruptors and reproductive consequences are among the significant health problems associated with pesticide residues. The period of exposure and the toxicity of a pesticide define the effect of the chemical. Acute or chronic consequences are possible. Constant monitoring of fruits and vegetables is necessary during farming due to potential health risks from ingesting pesticides. Difenoconazole and bifenthrin are two typical pesticides found in fruits and vegetables sold to customers.

Segments covered in the report

By Products

• Herbicides
  • By product
  • By active ingredients
    • Glyphosate
    • Atrazine
    • 2,4-D
    • Others
• Fungicides
  • By active ingredients
    • Chlorathalonil
    • Sulfur
    • PCNB
    • Maneb
    • Others
• Insecticides
  • By active ingredients
    • Malathion
    • Carbaryl
    • Chlorpyrifos
    • Others
• Biopesticides
• Others

By crop type

• Cereals & Grains
• Oil seeds and pulses
• Fruits and vegetables
• Others

By origin

• Synthetic chemicals
• Organic Products

By form

By mode of application

• Foliar spray
• Seed treatment
• Soil treatment
• Others (chemigation and fumigation)

By geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)

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