TechNavio recognizes the following companies as the key players in the Global Crop Protection Chemicals Market: Syngenta AG, Bayer Inc., BASF SE, Dow AgroSciences, and Monsanto Co.
Commenting on the report, an analyst from TechNavio’s team said: “Globally, biofuels are gaining importance due to increasing focus on sustainability. Bioethanol is the major biofuel, followed by biodiesel and biogas. The natural feedstocks for biofuels are grains such as rapeseed, rice, and wheat or crops such as sugarcane and corn. The demand for crop protection chemicals is also derived from the demand for biofuels. For instance, ethanol requires corn as a feedstock for its production; therefore, an increase in the demand for ethanol will lead to an increase in the production of corn, which in turn would result in an increase in the use of crop protection chemicals.”
According to the report, one of the major growth factors is the rising food demand due to the increase in world population. In addition, due to rapid urbanization, the ratio of the available arable land area to the world population is decreasing year by year. To meet this global food demand, there is an increased use of fertilizers and pesticides to enhance yield quality and efficiency.
Further, the report states that one of the major challenges in the market is increasing pesticide resistance. Crop protection chemical companies are thus increasing their R&D expenditure to develop new chemicals that counter such pesticide resistance.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are American Vanguard Corp., Arysta LifeScience Corp., Cheminova A/S, Chemtura Corp., Drexel Chemical Co., FMC Corp., Isagro S.p.A., Ishihara Sangyo Kaisha Ltd., Kumiai Chemical Industry Co. Ltd., Makhteshim Agan Industries, Mitsui Chemicals Inc., Nippon Soda Co. Ltd., Nissan Chemical Industries Ltd., Nufarm Ltd., Rallis India Ltd., Sabero Organics Gujarat Ltd., United Phosphorous Ltd., and Wilbur-Ellis Co.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-crop-protection-chemicals-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report- Global Crop Protection Chemicals Market 2012-2016
