Crop Protection Chemicals Market Trends

Growth Drivers

• Increasing pressure on crop cultivation - As the global population persists in increasing every year this further imposes pressure on crop yielding which as a definite outcome helps the crop protection chemicals market revenue to surge between 2024 to 2036.
  The Food and Agriculture Organization (FAO) projects that by 2050, there will be 9.8 billion people on the planet, up from 7.55 billion in 2017. The demand for grain is predicted to rise at least 2.2 times between 1970 and 2020 (or 2.5 billion tons) to go along with this advancement. Naturally, farmers are inclined to different crop protection chemicals to optimize crop cultivation and confirm a persistent food supply to the world.
• Rising organic cropland field globally - Global organic statistics and organic fertilizers are essential for tracking the effects of the initiatives of crop cultivation and have shown to be beneficial for programs involving international development cooperation as well as supporting plans for organic markets and agriculture. In 2022, the area dedicated to organic farming worldwide grew by more than 20 million hectares, reaching 96 million hectares.
  The number of organic farmers increased significantly as well, to more than 4.5 million. In 2022, organic food sales were close to 135 billion euros (143 billion USD).
  Organic farming makes up 1.5% of all cropland worldwide. Many nations, nevertheless, have much higher percentages. Liechtenstein (39 percent), Samoa (35 percent), and Austria (25 percent) have the highest percentages of organic farmland overall. Ten percent or more of all agricultural land is organic in sixteen different countries.
• Rising implementation of genetic mode (GM) crops - Crop genetic modification is seen as a viable means of accomplishing the objectives of sustainable agriculture in the twenty-first century. Since people ceased migrating and depended on agriculture for survival, efforts have been made to enhance plants for food production.
  Currently, more sophisticated molecular tools are being created than traditional approaches for the precise genetic modification of crops.

Challenges

• Pesticide residues contain toxic elements - Around the world, more than a thousand pesticides are used to prevent pests from destroying or harming food.
  The characteristics and toxicological consequences of each pesticide vary, as a pesticide's toxicity is determined by its purpose as well as other elements. For instance, pesticides are typically more hazardous to people than herbicides. Depending on the dose that is, the amount of chemical to which an individual is exposed, the same chemical can have various effects. The method of exposure such as by eating, breathing, or direct skin contact can also affect the degree of toxicity.
• Depending on the type of pesticide, there are possibilities of different health hazards for people worldwide. Some have an impact on the neurological system, including carbamates and organophosphates. Some could irritate the eyes or skin. Certain chemicals might cause cancer, and others might have an impact on the body's endocrine system or hormones.