Published Date : Jul 01, 2016
The tremendously rising population across the globe is demanding for large quantities of food. As a result, the agricultural industry has been witnessing a substantial growth and is projected to continue this trend in the coming years. Thus, it is essential to boost the agricultural produce and product it from harmful organisms. The protection of crops becomes one of the most important tasks for the farmers in order to cater the demand for food across the globe.
The global market for crop protection chemicals has been classified on the basis of its application into oilseeds crops and grain type crops. Both the application segments are expected to witness substantial growth in the next few years, owing to the high demand for food across the globe.
Some of the major types of crop protection chemicals used widely across the globe are:
The protection of crops can be done using specific chemicals that keep them away from the harmful organisms. The rising number of weed species, nematodes, and other harmful insects that interrupt the natural growth process of crops is estimated to augment the demand for crop chemicals in the next few years. The increasing productivity on the basis of per unit labor using the crop protection chemicals has also contributed substantially towards the growth of the overall market.
The better timeliness and the flexibility offered by the use of crop protection chemicals are fuelling the growth of the global market. In addition, the rise in the productivity and increase in per hector yield are some of the other factors projected to bolster the growth of the global crop protection chemicals market in the coming few years. Moreover, the environment safety and growing demand for healthy food, which is free from harmful organisms are expected to augment the growth of the market in the near future.
On the other hand, the ban imposed by the regulatory authorities, resistance of pets, and adverse effects of chemicals on human health are some of the prominent challenges for the market players. Nevertheless, the leading players in this market are making efforts to overcome these challenges and fuel the growth of the market in the near future.