- 24 April 2019 21:47
The Cereal Segment Of Crop Protection Chemicals Market Is Expected To Witness The Highest Growth In Terms Of Revenue And Is Projected To Register A CAGR Of Over 5.5% During The Forecast Period.
Crop protection is the science and practice of protecting plants from various diseases, weeds, and other pests (both vertebrate and invertebrate) that damage agricultural crops and trees. These chemicals are applied to keep avoid pest attack and weeds from destroying crops and to add more nutrients to the soil so as to increase crop yield.
Global Crop Protection Chemicals Market Dynamics:
Major factors driving the growth of the global Crop Protection Chemicals Market are increasing the need for food protection and need to enhance crop yield. Rising need to ensure availability of food to meet the demand of a growing population across the world is another key factor expected to lead to increased utilization of crops protection chemicals.
Global Crop Protection Chemicals Market Analysis by Form, Type, and Region:
Analysis by Form:
Among all the form segments, the liquid segment accounts for the highest share in terms of revenue in the global market. The liquid segment is projected to register the highest CAGR of over 5.0% during the forecast period.
Analysis by Crop Type:
Among all the crop type segments, the fruits and vegetable segment accounted for the highest revenue share in terms of revenue in 2016 in the global market. The cereal segment is expected to witness the highest growth in terms of revenue and is projected to register a CAGR of over 5.5% during the forecast period.
Analysis by Region:
The market in North America is expected to witness significant growth in the global market over the forecast period. Increasing adoption of advanced farming techniques and equipment, government subsidies on bio-organic farming, and high spending power of farmers are major factors driving growth of the North America crop protection chemicals market.