Germany Crop Protection Market Is Expected To Grow Owing To The Rising Adoption Of Biopesticides And Favorable Government Policies: Ken Research
Germany Crop Protection Market
Germany Crop Protection Market is in the growing stage, owing to the rising adoption of bio pesticides and government initiatives. The Crop Protection Market in Germany is consolidated with key players such as Bayer CropScience AG, BASF SE, FMC Corporation, Corteva Agriscience and Adama LTD etc.
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Key Market Findings:
- Germany Crop Protection Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
- In terms of volume of transactions, the inbound Crop Protection is expected to register a CAGR close to ~% in 2027F.
- In the Digital Crop Protections segment, the number of users is expected to amount to ~ users by 2027F.
Insecticides Dominating the Market: One of the major contributors to the nation's pesticide product sales is insecticides due to the high demand. Most often utilised pesticide active ingredients in the nation are carbamates and pyrethroids. The German market is encouraging the expansion of bioinsecticide goods over conventional pesticide products due to increased environmental harm incidents and organic farming.
Rise in Adoption of Bio pesticides: Over the past several years, the demand for organic farming and food has increased across the nation. Biopesticides are employed in large-scale farming in the area since they don't contain any chemicals. The government also intends to outlaw the use of chemical pesticides because they destroy insect populations that are essential to ecosystems and the pollination of food crops, such as the weed killer glyphosate.
Rising Health Awareness: The changing consumer behavior towards health consciousness increases the demand for organically produced products like fruits and vegetables, for which the farmer uses bio-pesticides rather than traditional chemicals, this hinders the growth of crop protection chemicals in Germany. The habit of Veganism would increase the need for developing plant-based food which in turn would drive the market for agriculture and crop protection.
Analysts at Ken Research in their latest publication “Germany Crop Protection Market Outlook to 2027F–By Origin (Synthetic and Bio-based), Type (Herbicide, Fungicide, Insecticide, and Other Types), and Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Applications).” observed that Germany Crop Protection Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years as a result of rising bio pesticides, and government efforts. The Crop Protection Market in Germany is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.
Key Segments Covered in the report
By Origin
- Synthetic
- Bio-based
By Application
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Commercial Crops
- Other Application
By Type
- Herbicide
- Fungicide
- Insecticide
- Other Types
Key Target Audience
- Government Bodies and Regulatory Authority
- Agrichemical Companies
- Biotechnological Companies
- Pesticide Manufacturers
- Investors and Financiers
- Chemical Companies
- Venture Capitalist
- New Market Entrants
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Period: 2022P
- Forecast Period: 2022P-2027F
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Companies Covered:
- Bayer CropScience AG
- Syngenta
- BASF SE
- FMC Corporation
- Corteva Agriscience
- Adama LTD
Key Topics Covered in the Report
- Germany Crop Protection Market Overview
- Germany Crop Protection Market Segmentation
- Germany Domestic Crop Protection Market Overview
- Germany International Crop Protection Market Overview
- Ecosystem of Germany Crop Protection Market
- Competition scenario of Germany Crop Protection Market
- Market Share of Major Players in Germany Crop Protection Market
- Industry Analysis of Germany Crop Protection Market
- Value Chain of Germany Crop Protection Market
- Key Growth Drivers in Germany Crop Protection Market
- End User Analysis of Germany Crop Protection Market
- Key Challenges of Germany Crop Protection Market
- SWOT Analysis of Germany Crop Protection Industry
- Future Outlook of Germany Crop Protection Market
- Trends and Development of Germany Crop Protection Market
For more insights on the market intelligence, refer to the link below:
Germany Crop Protection Chemicals Market Size
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Asia Crop Protection Industry Outlook to 2016