Fortune Business Insights' latest report titled "Crop Protection Chemicals Market" offers insights into the latest trends, new products, and major companies. The market is analyzed across several regions. Additionally, forecast values are provided based on extensive research analysis methods.

Recent trends in the agriculture industry favoring proper crop management and care have fuelled the demand for improved ways of crop protection. Various crop protection chemicals manufacturers are likely to capitalize on this factor to further product innovation.  Chemically derived pesticides were found to be most efficient among all methods of crop protection and this has boosted the global crop protection chemicals market. Seed treatments also play a significant part in proper crop management and protection. 

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With exceptional products and a remarkable brand, Bayer CropScience successfully established a strong foothold in the field of seed treatments. The global crop protection chemicals market was consolidated in nature as five companies accounted for almost 70% of the global market share. Besides Bayer, Syngenta, BASF, DowDupont, and Monsanto are some of the leading companies in the global crop protection market.

"Insecticides Likely to Emerge as the Leading Product Type due to High Demand in Asia Pacific"

The insecticides segment is likely to emerge as the most attractive product type in crop protection chemicals during the forecast period. Insecticide products had a huge demand in Asia Pacific. Furthermore, there is growing awareness about the use of crop protection chemicals among the small and marginal crop producers in Asia Pacific. The aforementioned factors are likely to encourage strong growth of the insecticides segment in Asia Pacific. Increasing volume of area under cultivation of export-oriented crops is projected to support the growth of the insecticide segment in the Asia Pacific countries. 

Bio-based or biological origin crop protection chemicals market accounted for a share of 6.6% e in 2017. This origin type is expected to witness strong growth due to factors such as stringent regulatory policies and increasing number of start-ups in developing bio-based products. Multinational companies are putting increasing efforts to develop bio-based segment by adopting strategies such as the acquisition of start-up companies and forming joint ventures to establish a strong position in the market.

 "Relaxation in Regulatory Compliances is Encouraging Manufacturers"

Less stringent rules for product approvals are encouraging many companies to invest in the manufacturing of these products. Furthermore, investment towards research and development of crop protection chemicals is poised to surge in the coming years. The aforementioned factors have had a direct impact on the global market and are likely to create growth opportunities in the market over the forecast period.


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"Increasing Demand for Biofuels to Drive the Market"

Growth in biofuel crops farming in Latin America may boost the crop protection chemicals market in this region in the near future. Biofuels are derived from crops such as sugarcane, rapeseed, wheat, soybean, and corn and these crops are produced in abundance. The crop protection chemicals market in Asia Pacific is likely to expand at a high rate due to the increasing demand for biofuels. The increasing demand for biofuels has lessened the dependency on conventional fuels and this factor may drive the regional market in the forthcoming years. Furthermore, restriction and strict regulations imposed on the use of organic pollutants will fuel the demand for their product counterparts, mostly chemicals. This factor is expected to drive the crop protection chemicals market in the Asia Pacific.

"Despite Drop Of Revenues In Recent Times, Market Growth is Rekindled In Numerous Regions"

Global crop protection chemicals market is gaining pace since 2017 after its stagnancy in 2015 and 2016. Agrochemical companies witnessed a steady rise in their product sales in 2017. Despite negative market sentiments such as adverse weather conditions in Europe and reduced occurrence of pests and diseases in key countries of Asia Pacific, the global crop protection chemicals market growth has still managed to increase. Increasing inventions in crop protection chemical products in the South American countries continued to support the growth of this market in 2017.

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