China Agrochemicals Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033


China Agrochemicals Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033: SPER Market Research

 Category : Agriculture

 Published: Oct-2023
 Author: SPER Analyst

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%.

Chemical pest control, also known as chemical fortification, use chemical insecticides to manage diseases and pests in crops. Chemicals used for crop protection, generally known as pesticides, boost crop output and quality while thwarting pests and illnesses. The development of new chemicals to protect agricultural crops is an important development for the chemical pesticides sector. Numerous crops can suffer drastic losses if chemical controls are not used. Some of these substances, such as insecticides, are crucial in the fight against diseases that affect both humans and animals. Chemicals now have a greater understanding of their toxicological and environmental effects than ever before.

China Crop Protection Chemicals Market Driving Factors and Challenges

The need for food is rising as the world's population continues to increase. Crop protection chemicals assist farmers in securing improved agricultural productivity and fulfilling the rising need for food by assisting them in protecting their crops from pests, diseases, and weeds. The demand for crop protection chemicals is also increasing due to the expansion of agricultural practises, such as commercial farming and intensive cropping systems. In large-scale farming operations, managing pests, illnesses, and weeds that might result in significant crop losses is imperative. In addition, farmers work to increase crop yields to fulfil market demands and boost earnings. Crop protection chemicals are essential in reducing yield losses brought on by pests and diseases, enabling farmers to maximise output and profit. In addition, the demand for efficient crop protection techniques is driven by shifting customer tastes, such as a preference for fresh and high-quality produce. Crop protection chemicals aid in crop quality maintenance, cut down on post-harvest losses, and guarantee the availability of healthy food options. In addition, the market is being driven by ongoing developments in agricultural technologies and crop protection formulations. Furthermore, the growth of the crop protection chemicals sector is facilitated by the creation of novel pesticides with enhanced efficacy, reduced environmental impact, and decreased application rates.

But there are still issues in the market for crop protection chemicals in China. The growing insect resistance to a number of crop protection chemicals is one important issue restricting market expansion. Due to the noticeable decline in the efficacy of various active compounds, pest resistance has increased. This resistance is a result of several causes, including changes in insect metabolic habits, increased rates of reproduction, and excessive pest multiplication.

Impact of COVID-19 on China Crop Protection Chemicals Market
Key phases of agrochemical manufacturing and distribution have been influenced by the COVID-19 pandemic, which has had a substantial effect on the world economy and public health. A serious scarcity of vital ingredients resulted from production shutdowns in China, a key producer of pesticide active ingredients. Lockdowns all across the world hindered global supply chains even after Chinese operations restarted in February 2020, limiting the flow of raw materials and protective items. Crop pesticide sales are anticipated to drop as a result of the ensuing interruptions, including the suspension of shipping services, which will lower the market value of these crucial goods relative to the prior year.

China Crop Protection Chemicals Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BASF SE, Bayer China Ltd, Corteva Agriscience, Jiangsu Huifeng Bio Agriculture Co. Ltd, Jiangsu Yangnong Chemical Co. Ltd, Nanjing Red Sun Co. Ltd, Nutrichem Company Limited, Shandong Weifang Rainbow Chemical Co. Ltd, Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co. Ltd, Sinochem Crop Protection Co. Ltd, Syngenta Nantong Crop Protection Co. Ltd, Zhejiang Xinan Chemical Industrial Group Co. Ltd, 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.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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