Origin (Synthetic, Bio-Based)
The synthetic segment will hold around 80% crop protection chemicals market share and will expand at 4.2% CAGR through 2037. This advancement will be majorly poised due to the frequent use of synthetic chemicals for their prompt and trustworthy pest control abilities.
According to the Food and Agriculture Organization of the United States, currently, more than four million tonnes of pesticides are consumed annually worldwide. There are currently over 1,000 pesticides on the market worldwide, the majority of which are synthetic chemicals, which include chemical, microbiological, semi-chemical, and botanical pesticides.
Type (Fungicide, Insecticide, Nematicide, Herbicide)
The herbicides segment is anticipated to account for 40% market share, growing at around 3.5% CAGR during the forecast period. The current global pesticide usage is estimated at 2 million tons, of which 48% are herbicides, 30% are insecticides, 18% are fungicides, and 6% are other pesticides. The effectiveness and durability of herbicides as a weed control strategy will be enhanced by a greater understanding of their mechanisms and activities.
Mode of Application (Seed Treatment, Soil Treatment, Foliar Spray)
The foliar spray segment will dominate crop protection chemicals market share of more than 50%, observing 4% growth rate till 2037. The increasing and extensive use of foliar spray can assist this segment to augment the most during the planned period.
In line with recent research, an enormous amount of resources are lost when the standard macronutrients N, P, and K are applied to the soil. The percentages of loss are estimated to be 40–70%, 80–90%, and 50–90%, respectively. However, because of their small size (1–100 nm) and high specific surface area, foliage nano fertilizers have several advantages over conventional fertilizers, including controlled release, high nutrient consumption, low cost, and comparatively little environmental contamination.
Our in-depth analysis of the global crop protection chemicals market includes the following segments
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Crop |
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Author Credits: Rajrani Baghel
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