Global Analysis & 2028 Forecast Report of Oilseed Crop Protection Chemicals Market
Global Oilseed Crop Protection Chemicals Market is expected to grow at a high CAGR during the forecasting period (2021-2028).
(EMAILWIRE.COM, October 18, 2021 )
Market Overview:
Crop protection products, such as crop pesticides are used to reduce yield losses caused by pests and diseases. According to the Royal Society of Chemicals, about 800 chemically active ingredients are registered for use as crop protection solutions around the world.
The focus of research on crop protection chemicals for oilseeds has been on developing compounds safer than older counterparts to meet the demand for new molecular solutions for control of pests that have developed resistance to the older compounds.
The global crop protection chemicals market is primarily driven by the rising need to ensure the food safety of the growing population across the globe. Oilseed-based pesticides form the smallest segment among crop-based pesticides, although it is one of the fastest-growing markets.
The growth of the market is derived from soybean-based herbicides in North America and cotton-based insecticides in Asia-Pacific. The principal sources of the oil derived from the seeds include palm, soybean, rapeseed (canola), sunflower seed, peanut, cottonseed, palm kernel, coconut, and olive.
The utilization of pesticides for protecting oilseed crops from a variety of infestations constitutes the fastest-growing application area of oilseed crop protection chemicals.
View full report: https://www.datamintelligence.com/research-report/oilseed-crop-protection-chemicals-market
Market Dynamics:
Increasing need for food security owing to rise in population
According to the International Food Policy Research Institute, almost 690 million people went hungry around the world in 2019, an increase of 10 million over 2018, and the COVID-19 pandemic could push an additional 83 million-132 million into chronic hunger in 2020, according to the 2020 State of Food Security and Nutrition in the World (SOFI) report, released July 13.
State of Food Security and Nutrition in the World (SOFI) 2020 projects that 841.4 million people will be hungry globally by 2030 if these trends continue, and the world will not achieve its 2025 and 2030 targets of defeating malnutrition.
The FAO Chief Economist, attributed these alarming findings to the unaffordability of healthy diets, noting that globally, 3 billion people lack the means and access to good nutrition. People are considered to have food security when they have access to safe, nutritious, and sufficient food at all times to maintain a healthy life.
Due to the continuous rise in population and limited cultivable land to suffice the growing need for food, there is less food security for the people. To fulfill the future demand for food, there is a need to increase food production across the world. In such a scenario, the use of crop protection products is inevitable. This situation has driven the growth of the crop oilseed protection chemicals market.
Market Segmentation:
By Type
• Herbicides
• Insecticides
By Form
• Dry
• Liquid
By Source
• Synthetic
• Biopesticides
By Mode of Administration
• Foliar Spray
• Soil Treatment
Download free sample: https://www.datamintelligence.com/download-sample/oilseed-crop-protection-chemicals-market
Competitive Landscape:
The global market is highly fragmented owing to presence of a large number of players. Some of the key players operating in the global market are ADAMA Ltd., Arysta LifeScience Corporation, Bayer AG, FMC Corporation, and Nufarm among others. The market of oilseeds crop protection chemicals is highly competitive where in the major players compete with each other by launching a new product, entering into a merger agreement, or acquiring another company.
For instance, in September 2019, Bayer completed the merger of Monsanto’s India business with itself. This integration will help the company by providing the farmers with its ground-breaking crop protection products and Monsanto’s know-how in seeds and traits and digital farming applications. In March 2021, FMC Ventures announced its collaboration with UPL Ltd. for Rynaxypyr Active Ingredient. This strategic move will enable FMC to increase the access of Rynaxypyr active to the farmers around the globe and boost the manufacturing capacity of this critical molecule. In June 2020, Chr. Hansen and FMC Corporation extend collaboration on natural crop protection. Chr. Hansen and FMC Corporation have announced a five-year extension of their collaboration to develop and commercialize natural solutions for the agricultural industry.
Topic's you may be interested, Sulfur Fertilizers Market, Molluscicides Market, Fortified Organic Fertilizers Market, Bioinsecticides Market, Nematicides Market
Market Overview:
Crop protection products, such as crop pesticides are used to reduce yield losses caused by pests and diseases. According to the Royal Society of Chemicals, about 800 chemically active ingredients are registered for use as crop protection solutions around the world.
The focus of research on crop protection chemicals for oilseeds has been on developing compounds safer than older counterparts to meet the demand for new molecular solutions for control of pests that have developed resistance to the older compounds.
The global crop protection chemicals market is primarily driven by the rising need to ensure the food safety of the growing population across the globe. Oilseed-based pesticides form the smallest segment among crop-based pesticides, although it is one of the fastest-growing markets.
The growth of the market is derived from soybean-based herbicides in North America and cotton-based insecticides in Asia-Pacific. The principal sources of the oil derived from the seeds include palm, soybean, rapeseed (canola), sunflower seed, peanut, cottonseed, palm kernel, coconut, and olive.
The utilization of pesticides for protecting oilseed crops from a variety of infestations constitutes the fastest-growing application area of oilseed crop protection chemicals.
View full report: https://www.datamintelligence.com/research-report/oilseed-crop-protection-chemicals-market
Market Dynamics:
Increasing need for food security owing to rise in population
According to the International Food Policy Research Institute, almost 690 million people went hungry around the world in 2019, an increase of 10 million over 2018, and the COVID-19 pandemic could push an additional 83 million-132 million into chronic hunger in 2020, according to the 2020 State of Food Security and Nutrition in the World (SOFI) report, released July 13.
State of Food Security and Nutrition in the World (SOFI) 2020 projects that 841.4 million people will be hungry globally by 2030 if these trends continue, and the world will not achieve its 2025 and 2030 targets of defeating malnutrition.
The FAO Chief Economist, attributed these alarming findings to the unaffordability of healthy diets, noting that globally, 3 billion people lack the means and access to good nutrition. People are considered to have food security when they have access to safe, nutritious, and sufficient food at all times to maintain a healthy life.
Due to the continuous rise in population and limited cultivable land to suffice the growing need for food, there is less food security for the people. To fulfill the future demand for food, there is a need to increase food production across the world. In such a scenario, the use of crop protection products is inevitable. This situation has driven the growth of the crop oilseed protection chemicals market.
Market Segmentation:
By Type
• Herbicides
• Insecticides
By Form
• Dry
• Liquid
By Source
• Synthetic
• Biopesticides
By Mode of Administration
• Foliar Spray
• Soil Treatment
Download free sample: https://www.datamintelligence.com/download-sample/oilseed-crop-protection-chemicals-market
Competitive Landscape:
The global market is highly fragmented owing to presence of a large number of players. Some of the key players operating in the global market are ADAMA Ltd., Arysta LifeScience Corporation, Bayer AG, FMC Corporation, and Nufarm among others. The market of oilseeds crop protection chemicals is highly competitive where in the major players compete with each other by launching a new product, entering into a merger agreement, or acquiring another company.
For instance, in September 2019, Bayer completed the merger of Monsanto’s India business with itself. This integration will help the company by providing the farmers with its ground-breaking crop protection products and Monsanto’s know-how in seeds and traits and digital farming applications. In March 2021, FMC Ventures announced its collaboration with UPL Ltd. for Rynaxypyr Active Ingredient. This strategic move will enable FMC to increase the access of Rynaxypyr active to the farmers around the globe and boost the manufacturing capacity of this critical molecule. In June 2020, Chr. Hansen and FMC Corporation extend collaboration on natural crop protection. Chr. Hansen and FMC Corporation have announced a five-year extension of their collaboration to develop and commercialize natural solutions for the agricultural industry.
Topic's you may be interested, Sulfur Fertilizers Market, Molluscicides Market, Fortified Organic Fertilizers Market, Bioinsecticides Market, Nematicides Market
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results