Global Fruit & Vegetable Crop Protection Industry was valued at USD 10 Billion in the year 2017. Global Fruit & Vegetable Crop Protection Industry is further estimated to grow at a CAGR of 4% from 2019 to reach USD 13.26 Billion by the year 2025.
Major market players in Fruit & Vegetable Crop Protection Industry Adama, Arysta Lifesciences, BASF, Bayer Cropscience AG, Bioworks Inc., DowDupont, FMC Corp., Monsanto, Syngenta International AG, Nufarm Ltd, and brief information of 10 companies will be provided in the report. Rising research and development expenses to address the changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Asia Pacific region holds the highest Industry share in 2017 and North America is considered as the fastest growing Industry in the forecasted period. At a country level, China and India are the major industries in Asia Pacific region and holds a substantial Industry share in 2017 and it is projected to grow at a gradual pace in the coming years. Asia-Pacific is anticipated to dominate the Industry during the analysis period, owing to high population base, increase in disposable income, and gaining prominence towards vegetarianism.
SWOT Analysis of Fruit & Vegetable Crop Protection Industry:
Growing demand for high-quality food
Growing population and increasing food consumption
Toxicity on humans and livestock
The ban on certain products associated with crop protection
Growing health awareness
Presence of emerging economies like China and India.
Strict government regulations and policies on agrochemicals
High Percentage of Pesticide Residues in Fruit & Vegetables
The global Fruit & Vegetable Crop Protection Industry is segmented on the basis of mode of action, by origin and by region. On the basis of mode of action, the Industry is segmented as Herbicides, Fungicides, Insecticides, Nematicides, Molluscicides, and Others of which fungicides segment is expected to hold the highest Industry share during the forecast period and are expected to grow with highest CAGR.
Fruit & Vegetable Crop Protection Industry Segmentation:
By Mode of Action
• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa