Europe Crop Protection Chemicals Market to be Worth $15.53 Billion by 2030
Europe
Crop Protection Chemicals Market to be Worth $15.53 Billion by 2030
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The Europe crop protection chemicals market is expected to reach
$15.53 billion by 2030, at a CAGR of 4.9% from 2023 to 2030, while in terms of
volume, the market is expected to reach 1,407,501.1 tons by 2030, at a CAGR of
3.5% from 2023 to 2030. The growth of this market is driven by the increasing
need to increase crop yield and quality, growing organic farming and demand
for organic food, rising awareness of environmental safety, and rapidly
decreasing agricultural land. Furthermore, an increasing focus on integrated
pest management and the growing adoption of biological seed treatments are
expected to provide significant growth opportunities for players operating in
this market. However, growing concerns over chemical residues in food and
stringent and non-standardized regulations hinder the growth of this market.
On the other hand, the lengthy product registration and approval process is
the key challenge of this market.
Key Players:
The key players operating in the Europe crop protection chemicals
market include BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.),
FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia),
Syngenta AG (A Part of China National Chemical Corporation/Chemchina)
(Switzerland), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), ADAMA
Agricultural Solutions Ltd. (Israel), and Isagro S.p.A. (Italy).
The Europe crop protection chemicals market study presents
historical market data in terms of value & volume (2021 and 2022),
estimated current data (2023), and forecasts for 2030. This market is
segmented by type, formulation, mode of application, crop type, and country.
Based on type, the Europe crop protection chemicals
market is segmented into synthetic chemicals and biological chemicals. In
2023, the synthetic chemicals segment is expected to account for the larger
share of the Europe crop protection chemicals market. The large market share
of this segment is attributed to its increasing use in developing countries,
ease of availability, high efficiency, and lower cost than biological
products.
However, the biological chemicals segment is projected to witness
significant growth during the forecast period of 2023–2030. The rapid growth
of this segment is mainly driven by the increasing adoption of organic
farming, growing environmental and public health concerns regarding the use of
chemical crop protection products, high demand for chemical residue-free
agricultural products, and the initiatives by governments worldwide to promote
the use of biological crop protection products.
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Based on formulation, the Europe crop protection chemicals
market is segmented into liquid formulation and dry formulation. In 2023, the
liquid formulation segment is expected to account for the larger share of the
Europe crop protection chemicals market. The large market share of this
segment is attributed to the uniform & easy application of liquid form,
better performance, and higher effective duration (up to 6 months) than dry
form (up to 3 months).
Moreover, it is also expected to witness significant growth
during the forecast period. The growth of this segment is driven by the
increased importance of the latest irrigation technologies, such as drip
irrigation and sprinkler irrigation, with a reduction in blockage.
Based on mode of application, the Europe crop
protection chemicals market is segmented into foliar spray, seed treatment,
soil treatment, and other modes of application. In 2023, the foliar spray
segment is expected to account for the largest share of the Europe crop
protection chemicals market. The large market share of this segment is
attributed to the high efficiency in the application, uniform distribution of
chemicals, and minimum to no wastage of crop protection chemicals in the
foliar spray mode of application.
However, the seed treatment segment is projected to witness
significant growth during the forecast period of 2023–2030. The rapid growth
of this segment is mainly driven by the increased germination and uniform
seedling emergence, safety, and pest resistance advantages with the use of the
seed treatment technique. In this method, microbial pesticides are often
applied with chemical pesticides, as chemical pesticides provide early-season
control, and microbial pesticides provide extended control.
Based on crop type, the Europe crop protection chemicals
market is segmented into cereals & grains, oilseeds & pulses, fruits
& vegetables, and other crops. In 2023, the fruits & vegetables
segment is expected to account for the largest share of the Europe crop
protection chemicals market. The large market share of this segment is
attributed to the growing urbanization and increased adoption of healthy
lifestyles, growing demand for organic fruits & vegetables over
conventional ones, and the rising number of diseases affecting fruit &
vegetable crops.
Based on country, in 2023, Spain is expected to account for
the largest share of the Europe crop protection chemicals market. Spain's
major market share is attributed to the growing demand for food with the
growing population, increasing adoption of precision farming practices, huge
organic farmland and growing demand for organic food, and rising government
support for biological crop protection chemicals.
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Key Questions Answered in the Report:
·
Which are the high-growth market segments in
terms of type, formulation, mode of application, crop type, and geography?
·
What is the historical market size for crop
protection chemicals across Europe?
·
What are the market forecasts and estimates
for the period 2023–2030?
·
What are the major drivers, restraints,
opportunities, and challenges in the Europe crop protection chemicals market?
·
Who are the major players in the market, and
what are their market shares?
·
Who are the major players in various
countries, and what are their market shares?
·
What is the competitive landscape for the
Europe crop protection chemicals market?
·
What are the different strategies adopted by
the major players in the Europe crop protection chemicals market?
·
What are the key geographic trends, and which
are the high-growth countries?
·
Who are the local emerging players in the
Europe crop protection chemicals market, and how do they compete with other
players?
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