China Crop Protection Chemicals Market Size and Growth, Industry Share, Rising Trends, Revenue, CAGR Status, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research
China Crop Protection Chemicals Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 4.1%.
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Crop protection chemicals are a broad category of chemicals that have the potential to contaminate the environment. They contain dangerous and destructive substances. These compounds may result in a variety of health problems, including skin infections, cancer, and lung infections. Chemical pesticides are applied in fortifying and chemical pest control applications to manage pests in crops.
According to SPER market research, ‘China Crop Protection Chemicals Market Size- By Origin, By Product Type, By Crop Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2033 – state that the China Crop Protection Chemicals Market predicted to reach USD XX billion by 2033 with a CAGR of 4.1%.
For a variety of reasons, the crop protection chemical market in China is growing and evolving. Crop protection chemicals are commonly employed in modern agriculture to shield plants from damaging weeds and pests, therefore boosting crop output. In order to meet the rising population's requirement for food security, crop yield has increased. The Food and Agriculture Organization (FAO) reports that the three countries that buy the most of these protective commodities are the United States, China, and Brazil. These countries' significant reliance on pesticides is one of the main causes of their rising agricultural output.
The development of genetically modified (GM) crops is one of the main challenges facing the crop protection chemicals business as biotechnology and microbiology progress. Through gene editing, new genetically engineered seeds with built-in insect resistance can be produced. It has been observed that the need of traditional crop protection pesticides has decreased with the introduction of genetically modified crops, especially those that are resistant to pests. The increasing insect resistance to different crop protection chemicals is a significant barrier to market expansion. Pest resistance has increased as a result of the notable drop in the efficacy of some active substances. Changes in insect metabolic pathways, higher rates of reproduction, and uncontrollably high pest populations cause this resistance.
The COVID-19 pandemic has also had a major influence on public health and the world economy, and it has severely hampered the manufacture and distribution of agrochemicals. Although China was a significant producer of the active components in pesticides, the closing of factories there left vital chemicals severely short of supply. Lockdowns around the world impeded the free flow of raw materials and protective items, even after Chinese operations were restarted in February 2020. It is anticipated that the subsequent interruptions, which include halted transportation services, will result in a drop in crop pesticide sales and, as a result, a decrease in their market value in comparison to the prior year.
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Geographically, the European market is anticipated to develop at the fastest rate throughout the course of the forecast period. The primary drivers propelling the expansion of this regional market are the increasing preference for natural products over synthetic ones, the increasing backing from the government, the increasing adoption of natural products over synthetic ones, and the increasing awareness of health issues.
Furthermore, a few of the major companies in the market are BASF SE, Bayer China Ltd, Corteva Agriscience, Jiangsu Huifeng Bio Agriculture Co. Ltd, Jiangsu Yangnong Chemical Co. Ltd., and Others.
China Crop Protection Chemicals Market Segmentation:
By Origin: Based on the Origin, China Crop Protection Chemicals Market is segmented as; Bio-Based, Synthetic.
By Product Type: Based on the Product Type, China Crop Protection Chemicals Market is segmented as; Fungicides, Herbicides, Insecticides, Other Product Types.
By Crop Type: Based on the Crop Type, China Crop Protection Chemicals Market is segmented as; Commercial Crops, Fruits and Vegetables, Grains and Cereals, Pulses and Oilseeds, Other Crop Types.
By Region: This research also includes data for East China, North and Northeast China, Northwest China, South Central China, Southwest China.
For More Information, refer to below link: -
China Agrochemicals Market Outlook
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