Crop Protection is a general method/practice of protecting the crop yields from different agents including weeds, plant diseases, pests, and other organisms that cause damage to agricultural crops. This method is specially used to enhance the crop productivity as well as protect the crops, which is applicable to fruits & vegetables, cereals & grains, oilseeds & pulses, and other horticulture crops. Continuously growing population coupled with rise in the demand for food is driving the growth of global crop protection market. Additionally, factors such as soil degradation, limited farmland, and erratic climatic conditions along with rising awareness about advantages of crop-protection chemicals have led to an increase in the demand for Crop Protection chemicals.
Crop Protection market can be bifurcated on the basis of crop type, mode of application, origin, form and type. By crop type, market can be segmented as fruits & vegetables, cereals & grains, oilseeds & pulses and others. By mode of application, market can be segmented as seed treatment, foliar spray and soil treatment. Seed treatment segment dominates the crop protection market owing to rise in demand for seeds treated with crop protection chemicals. By origin type, market can be segmented as synthetic and bio-based. Bio-based pesticides segment is anticipated to exhibit higher growth rate due to rise in awareness about them being eco-friendly and less toxic during the forecast period. By form type, market can be segmented as liquid form and solid form. In addition, by type of pesticides used for crop protection are fungicides, herbicides, insecticides and others. Fungicides segment is also anticipated to exhibit substantial growth rate because of favorable climatic conditions for fungal growth during the forecast period.
Some of the renowned players operating in the Crop Protection market include DowDuPont Inc., Bayer Crop Science India Ltd., BASF SE, Land O’ Lake, Monsanto Co., Canterra Seeds and science, KWS SAAT SE, Sakata Seed Corp., Takii seeds, Syngenta AG, Agreliant Genetics LLC, DLF Seeds and Science, GroupeLimagrain Holdings Corp. and several others. Leading players are launching new crop-protection products considering diversified demand from agriculturists & farmers. Players are also focusing on expanding their geographical presence as well as enhancing their production capabilities.
The Crop Protection market is driven by rise in awareness about food & health safety, followed by decrease in arable land due to growing urbanization, growth in population, rise in demand for food and growth in advances in farming practices & technology. Apart from this, stringent government regulations against the use of synthetic pesticides, high product development & registration costs and ban on certain pesticides are major hindering factors for market. Moreover, rapid growth in the biopesticides market and organic agriculture is a key opportunity for market.
Based on regional analysis, the Asia-Pacific is the leading region in Crop Protection market owing to rise in awareness about the use of crop protection products among small & marginal crop producers across the region. The North-America and Europe regions are estimated to witness higher growth rate due to rise in demand for food security coupled with strict government regulations over the forecast period. It is projected that future of the Crop Protection market will be bright on account of rise in investments in research & development and rise in demand for higher crop yields during the forecast period.
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Ankur Gupta, Head Marketing & Communications