Crop Protection Chemicals Market Analysis|APAC will lead the market and experience 41% market growth between 2023 - 2027
The rising adoption of herbicides is transforming the Crop Protection Chemicals Market, which is all set to become a billion-dollar sector with market growth at a CAGR of 3.54% between 2022 and 2027 followed by a revenue growth of USD 25.12 billion. Emergence of integrated pest management (IPM) as an innovative approach to crop protection is a prominent trend that is expected to drive market advancement significantly.
When it comes to the fastest-growing topography, 41% of the market’s growth will originate from APAC during the forecast period Extensive farmland, fertile soil, and increasing food grain demand driven by a large population APAC is one of the major hubs for Agriculture with Southeast Asia is a key region, with counties like Japan, China, and India as leading producers. Modern farming practices adaptation and agrochemical use will contribute to its growth significantly.
APAC will lead the market and experience 41% market growth
Senior Analyst at Technavio Quoted ~ "The largest producer and consumer of crop protection chemicals is China also the region's growing economy and currency stability further propel the growth of the crop protection chemicals market in APAC during the forecast period."
Leading brands American Vanguard Corp., BASF SE, Bayer AG, Bharat Group, BioWorks Inc., Chr Hansen Holding AS, Coromandel International Ltd., Corteva Inc., Dhanuka Agritech Ltd., Dow Chemical Co., DuPont de Nemours Inc., Nufarm Ltd., Rallis India Ltd., Rotam CropSciences Ltd., Sumitomo Chemical Co. Ltd., The Indogulf CropSciences Ltd., UPL Ltd., Verdesian Life Sciences LLC, Syngenta Crop Protection AG, and FMC Corp. are some of the major market participants. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem
Technavio has been monitoring the Market's growth trajectory through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking and it offers an up-to-date analysis of the current global market scenario and the overall market environment. Get a panoramic view of the complete business ecosystem through our best-selling report on the Crop Protection Chemicals Market.
Crop Protection Chemicals Market Highlights of the Report for 2023-2027