The report, titled Crop Protection Chemicals, covers all the important elements of the market and provides quantitative and qualitative information about the elements at the local level as well as at the global level. Global Crop Protection Chemicals is a technology that facilitates the addition of communication and data transfer capabilities to everyday devices with the help of embedded sensors and computing capabilities, and is considered the next most important factor in today's rapid digitization world. This 'computerization' trend is steadily increasing in recent years as objects connect to communication and information networks. Global Crop Protection Chemicals is still in the early stages of evolution, but is poised to do tremendous growth over the next few years.
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According to StratisticsMRC, the Global Crop Protection Chemicals market is estimated at $52.21 billion in 2015 and is expected to reach $85 billion by 2022 growing at a CAGR of 7.21% from 2015 to 2022. Due to the expanding population globally the demand for food is rising which in turn is fueling several market sectors in the agriculture industry. That type of market is crop protection chemicals, which consists of different crop chemicals to increase agricultural yield. Rising demand per hectare yield and increasing demand for food that is free from harmful organisms is boosting the global crop protection chemicals market. Some of the major challenges which the Crop Protection Chemicals market will face are increasing resistance of pests to crop chemicals, the ban imposed by market regulators, unfavourable effects of these chemicals on people’s health, extinction of rare beneficial species due to the use of crop chemicals, etc.
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Some of the key players in the market are The DOW Chemical Company, E.I. Dupont De Nemours and Company, Bayer Cropscience AG, Syngenta AG, Sumitomo Chemical Co., Ltd, FMC Corporation, BASF SE, Nufarm Limited, Monsanto Company, ADAMA Agricultural Solutions Ltd., Agrium, DuPont, Arysta LifeScience, Novozymes, Valent BioSciences, Nufarm and Cheminova.
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