Since the beginning of agricultural practices in human civilization, there have been attempts made to protect crops from pests. For instance, before 2000 BC, humans have utilized pesticides to protect their crops. The first known pesticide was elemental sulfur dusting used in ancient Sumer about 4,500 years ago in ancient Mesopotamia. The Rig Veda, an Indian ancient book which is about 4,000 years old, mentions the use of poisonous plants to control pests in agriculture. Crop protection chemicals are vital to the advanced agriculture practices across the globe, and are responsible for increased agricultural production even when the arable area is consistently deceasing.
Global crop protection chemicals market is primarily driven by the rising need to ensure food safety of growing population across the globe. World population is expected to grow by 2.3 billion people, between 2009 and 2050. While there is significant drop in the amount of land being used for the agricultural practices in developed countries; this would create additional burden on the agricultural sector to increase the production significantly. Technological advancements in terms of advanced application methods also aids in the growth of this market.
However, there is a rising concern about the chemical residues in the food and harmful environmental effects of some of the crop protection chemicals which results in banning or prohibiting the use of certain chemicals in agriculture. Also, many crop protection chemicals are known to cause terminal illness to human being, which made government bodies to come up with the stringent rules and regulations to monitor the production and distribution of such chemicals. In developed countries, the rise in health consciousness has created the need for organic food which certainly has negative impact on the growth of crop protection chemicals market in long run.
The global crop protection chemicals market is mainly segmented by type (synthetic, natural), use (herbicides, insecticides, fungicides, and others), crop types (cereal & grains, oilseed & pulses, fruits & vegetables), application (spraying, dusting, seed treatment, soil treatment, volatilization, and others), and form (solid and liquid). Geographically, this market is segmented in to North America (U.S., Canada, and Mexico), Europe (France, Germany Spain, Italy, U.K. and RoE), Asia Pacific (China, Japan, India, Australia, and RoAPAC), Latin America (Brazil, Argentina, RoLATAM), and Middle East & Africa.
The market is dominated by few global players despite of facing stiff competition from some of the local players operating at the regional levels. The key players operating in this domain includes the BASF SE, Syngenta AG, E.I. DUPONT De Nemours And Company, FMC Corporation, Sumitomo Chemical Co., Ltd, BAYER Cropscience AG, Nufarm Limited, The Dow Chemical Company, Monsanto Company, ADAMA Agricultural Solutions Ltd., and Platform Specialty Products Corporation.
Related Reports: Crop Protection Market Research Reports
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