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  • Home >Discussion >Crop Protection Chemicals Market Will Touch USD 117, ...
    Crop Protection Chemicals Market Will Touch USD 117,436.6 Million by 2030 Reply
    From Topic: Discussion Only Author
    PramodKmar Lv1 Author 11-7-2023 01:42:15
    The crop protection chemicals market will propel at a 4.6% compound annual growth rate, to touch USD 117,436.6 million, by 2030. The growth of the industry is mainly because of the surging population, limited agricultural land, and rising requirements for better crop production to enhance crop yields.

    Furthermore, the speedily surging population is putting high pressure on farmers to improve the yield of agricultural farmlands. Because of this, improvements in the technologies of farming, as well as the utilization of adjuvants, and agrochemicals, for instance, insecticides, pesticides, and herbicides, serve as an important solution to this challenge.

    In the past few years, the herbicides category, based on type, accounted for the largest crop protection chemicals market share, and it will further advance at the fastest rate, of around 5%, in the years to come. This is mainly because of their extensive utilization in row-crop farming, in which herbicides are utilized during or before planting to improve the production of crops while lessening other vegetation.

    The insecticides category held a significant share in the crop protection chemicals industry. Insecticides are extensively utilized in staple crop production due to their susceptibility to insect infestation.

    In recent years, the cereals category, based on application, accounted for the dominating share in the industry, and it will further advance at the fastest rate, of more than 5%, in the years to come. This is primarily because of the surging population across the globe, as well as the shortage of land for crop farming, and growing awareness of the significance of sustaining a healthy lifestyle and fulfilling the dietary requirements.

    In the past few years, APAC accounted for the largest share of the industry, and it will remain the largest in the years to come. This is because of the rising consciousness of pesticide utilization, the existence of wide-ranging farmland, and the significant agricultural base in the continent.

    Moreover, APAC will also observe the fastest growth in the years to come, mainly owing to the speedily rising utilization of such agrochemicals in the emerging economies of the region.

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    PramodKmar Lv 1

    Lazy bone, nothing existed. _(:3」∠)_

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