The global cropprotection chemicals market size is gaining traction due to recent technologicaladvancements and approvals on the manufacture of crop protection chemicals.Moreover, increasing awareness regarding the use of environment-friendlyproducts has led to an increase in demand for sustainable crop protectionchemicals. Backed by these factors, leading companies are focusing onintroducing nature-friendly ingredients within crop protection chemicals. Thetrend advocating the lesser use of synthetic alternatives is backed byavailability of natural ingredients due to the rising emphasis on research anddevelopment (R&D) of crop protection chemicals.
Key Companies Coveredin The Reports
· Marrone Bio Innovations
· Nufarm Ltd
· FMC Corporation
· BASF SE
· BioWorks
· Monsanto
· Natural Industries
· Dow AgroSciences
· DuPont
· Syngenta AG
· Novozymes A/S
· Sumitomo Chemical
· Valent Biosciences
· Other players
Relaxation inRegulatory Compliances is Encouraging Manufacturers
Less stringent rules for product approvals are encouragingmany companies to invest in the manufacturing of these products. Furthermore,investment towards research and development of crop protection chemicals ispoised to surge in the coming years. The aforementioned factors have had adirect impact on the global market and are likely to create growthopportunities in the market over the forecast period.
Increasing Demand forBiofuels to Drive the Market
Growth in biofuel crops farming in Latin America may boostthe Crop Protection Chemicals Market in this region in the near future.Biofuels are derived from crops such as sugarcane, rapeseed, wheat, soybean andcorn and these crops are produced in abundance. The Crop Protection ChemicalsMarket in Asia Pacific is likely to expand at a high rate due to the increasingdemand for biofuels. The increasing demand for biofuels has lessened thedependency on conventional fuels and this factor may drive the regional marketin the forthcoming years. Furthermore, restriction and strict regulationsimposed on use of organic pollutants will fuel the demand for their productcounterparts, mostly chemicals. This factor is expected to drive the CropProtection Chemicals Market in the Asia Pacific.
South America toEmerge as the Leading Segment
The Crop Protection Chemicals Market in South America islikely to emerge as the highest valued market among all regions. FortuneBusiness Insights predicts that the regional market in Asia Pacific and Europeto rank second and third, trailing South America over the course of theforecast period. The growing awareness regarding benefits of using cropprotection chemicals in crop yield is a major factor that boosts the market inSouth America. Furthermore, increasing investments on research and developmentof crop protection chemicals in Asia Pacific is another factor that isestimated to drive the regional market in the forecast period. Thus, the CropProtection Chemicals Market in Asia Pacific is likely to grow at the highestCAGR in the forecast period.
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https://www.fortunebusinessinsights.com/industry-reports/crop-protection-chemicals-market-100080
