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Crop Protection Chemicals Market Will Reach Nearly US$83.5

#Crop #Protection #Chemicals #Market #Reach #US83.5

London, Oct. 14, 2022 (GLOBE NEWSWIRE) — Global crop protection chemicals market is all set to witness a considerable uptick in sales, majorly attributing to the continued preference for herbicides. With growing influence of rapidly penetrating integrated pest management (IPM), and sustainable farming practices, a new study of Fairfield Market Research expects the market to exhibit around 5.3% between 2021 and 2025. A wealth of opportunities is likely to emerge with rising popularity of bio-based crop protection solutions, says the report, projecting the market value to rise up from US$64.3 Bn recorded in 2020. In addition to greater efficacy, and the economical affordability primarily accounts for the surging popularity of sustainable farming practices. The report suggests that the scenario will prevail on the back of the severing concerns around food security, and aggravating need for amplified agricultural yield. Rising effort toward commercialization of biopesticides is receiving strong tailwinds from the augmenting investments in the same. This according to the report will favour the expansion of bio-based crop protection solutions in global crop protection chemicals market.

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Key Research Insights

  • Global crop protection chemicals market value is poised to reach past US$83.5 Bn through 2025 end
  • Grains and cereals account for the maximum revenue generation in global market with over 1/3rd share in market revenue
  • Herbicides account for more than 50% share in the global crop protection chemicals market valuation

Insights into Segmental Analysis

Herbicides reportedly remain dominant in sales when compared to the other competitor segments, including insecticides, and fungicides. After the year 2018, herbicides continue to account for more than half the total market revenue. Although the conventional herbicide products…

Read on GNW: Crop Protection Chemicals Market Will Reach Nearly US$83.5

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