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Sustainable Crop Protection Chemicals Market Value to Reach US$ 7.3 Bn by 2031 | TMR Report

WILMINGTON, DE / ACCESSWIRE / March 22, 2023 / Transparency Market Research Inc. - The global Sustainable Crop Protection Chemicals Market is projected to grow at a CAGR of 11.6% during the forecast period from 2023 to 2031. The need to increase food production for the rising global population has led to surge in demand for safe and eco-friendly crop protection chemicals. Initiatives by several governments to promote the adoption of effective agricultural inputs is propelling the global market.

Increase in demand for sustainable agricultural practices, surge in adoption of organic farming, rise in pest resistance, and increase in demand to lower post-harvest crop losses are propelling the Sustainable Crop Protection Chemicals Market.

Surge in demand for biopesticides is driving companies to develop novel products and increase market share. Furthermore, R&D on sustainable alternatives, such as eco-friendly herbicides and organic insecticides, is likely to propel market development in the next few years.

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Sustainable Crop Protection Chemicals Market - Key Findings of the Report

  • Increase in Shift toward Environment-friendly Agricultural Practices to fuel Demand - Changing agricultural practices, such as adoption of organic crop protection chemicals to safeguard the environment, is fueling global Sustainable Crop Protection Chemicals Market size. Several governments across the world have set limits or completely banned the use of synthetic pesticides due to their adverse effect on the environment and on human & animal health.

According to medical science, prolonged exposure to conventional pesticides could cause severe health hazards in laborers. These products could have toxic effect on the neurological system, which can lead to reduced vision, loss of coordination, loss of memory, and breathing issues.

  • Rise in Awareness about Organic Food Products to Spur Demand - Demand for organic food products that are cultivated without synthetic pesticides is rising. Increase in awareness about health implications of synthetic chemicals is bolstering demand for organic foods that are produced using biopesticides.

Biopesticides are mostly safe on the environment and help improve the quality and safety of food products.

  • Foliar Feeding Mode Gaining Traction - In terms of mode of application, the foliar feeding segment accounted for leading share of the global Sustainable Crop Protection Chemicals Market in 2022. Ease of application and effectiveness in eliminating unwanted herbs, grass, and shrubs substantiate the uptake of foliar feeding. It is used primarily for insecticides and herbicides due to labor shortage and need for quick elimination of insect and weeds.

    Foliar feeding can also be used in combination with other sustainable crop protection methods, such as intercropping, crop rotation, and biological control. This enables farmers to undertake eco-friendly pest and disease control measures, while reducing the dependence on traditional chemical pesticides.

Advancements in sustainable crop protection chemicals have led to increase in efficacy of foliar feeding. For instance, some sustainable crop protection chemicals have compositions that are required in less concentration and are absorbed more efficiently by plant leaves. This helps to reduce the amount of chemicals needed, thereby minimizing environmental impact. This, in turn, is fueling industry growth

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Sustainable Crop Protection Chemicals Market - Growth Drivers

  • Increase in production of organic foods due to non-toxic nature is propelling the global Sustainable Crop Protection Chemicals Market
  • Demand for environmentally sustainable crop protection chemicals to increase food production for the rising global population is fueling growth
  • Rise in awareness about health hazards and adverse environmental effect of conventional chemicals is driving demand

Sustainable Crop Protection Chemicals Market - Regional Landscape

  • Asia Pacific Sustainable Crop Protection Chemicals Market witnessed robust growth in 2022. The trend is anticipated to continue during the forecast period. China and India are key markets in the region due to high volume agricultural production and increase in inclination of manufacturers to switch to environment-friendly crop protection chemicals.
  • Rise in import of organic food from developed countries in North America and Europe due to changing lifestyle and rise in disposable income is encouraging farmers to undertake sustainable farming practices in the region. This, in turn, is expected to bolster market size.
  • The market in North America experienced significant growth in 2022. Declaration by the U.S. EIA for biopesticides as crop protection chemicals is likely to propel the Sustainable Crop Protection Chemicals Market during the forecast period.

Sustainable Crop Protection Chemicals Market - Competition Landscape

The competition landscape is consolidated, with small number of key players holding majority market share. Prominent companies in the Sustainable Crop Protection Chemicals Market are

  • BASF SE,
  • Syngenta AG,
  • FMC Corporation, and Bayer..

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The Sustainable Crop Protection Chemicals Market is segmented as follows;

Sustainable Crop Protection Chemicals Market, by Type

  • Biochemical Pesticides
  • Microbial Pesticides
  • Plant-incorporated Protectants

Sustainable Crop Protection Chemicals Market, by Mode of Application

  • Foliar Feeding
  • Seed Treatment
  • Soil Treatment
  • Others

Sustainable Crop Protection Chemicals Market, by Crop

  • Oilseeds &Pulses
  • Cereals & Grains
  • Fruits & Vegetables
  • Others

Sustainable Crop Protection Chemicals Market, by Application

  • Open Field & Protective Cultivation
  • Horticulture
  • Floriculture
  • Others

Sustainable Crop Protection Chemicals Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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SOURCE: Transparency Market Research inc.



View source version on accesswire.com:
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