Growing demand for food safety boosts the Global Fruits & Vegetable Crop Protection Market
Market overview:
The global Fruits & Vegetable Crop Protection Market was worth 11 billion US dollars in 2021, and it is predicted that it will grow further by 2026 at a CAGR of 4% during the conjecture period.
Market Drivers and Restrains:
The global Fruits & Vegetable Crop Protection market is growing at an impeccable revenue rate due to the factors such as it is being essentially less toxic when compared to regular synthetic crop protection chemicals, biopesticides, and increasing investments by the major key players for research and development. Furthermore, increasing demand for food safety and quality propels the growth of the market of Fruits & Vegetable Crop Protection across all the regions.
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Report is segmented as:
The global Fruits & Vegetable Crop Protection market is segmented on the basis of type and application. By type, the Fruits & Vegetable Crop Protection market is segmented into synthetic pesticides, biopesticides and other types. By application, the market of Fruits & Vegetable Crop Protection is divided into fruits, vegetables and others.
Geographical Segmentation:
The Asia Pacific is expected to experience high demand as the region is famous for largely grown fruits & vegetables especially in countries such as India, China and Japan. Asia Pacific region is also estimated to hold the dominance of the market during the foreseen period. North America holds the second largest share of the market because of the rising funding by the major players for research and development in the agriculture sector.
COVID-19 impact on Fruits & Vegetable Crop Protection Market
Most of the companies are facing financial crisis due to the coronavirus pandemic. Companies are forced to halt their manufacturing units due to the strict lockdown situations imposed by the government authorities. Some companies have terminated their employees since they cannot pay salaries to their employees due to the financial crisis. The fruits & vegetables market is expected to increase more in the next few years due to the increase in the investments by the major players to combat the situation.
Key market players:
Major market players of Fruits & Vegetable Crop Protection includes Adama Agricultural Solutions (Israel), Monsanto (U.S.), American Vanguard (U.S.), Bayer CropScience (Germany), DuPont (U.S.), BASF SE (Germany), Chemtura AgroSolutions (U.S.), Marrone Bio Innovations (U.S.), Ishihara Sangyo Kaisha (Japan), Isagro SpA (Italy), Cheminova A/S (Denmark), Dow AgroSciences (U.S.), Syngenta International (Switzerland), FMC (U.S.), Natural Industries (U.S.), Nufarm (Australia), Valent Biosciences (U.S.)
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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