Generic Crop Protection Chemicals Market Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2027

Posted on Aug 2 2021 11:48 AM

"Generic Crop Protection Chemicals Market Size, Share & Industry Analysis, By Type (Herbicides, Insecticides, Fungicides, Others), By Crop Type (Cereals, Oilseeds & Pulses Fruits & Vegetables, Others) and Regional Forecast, 2020-2027 "

The global generic crop protection chemicals market size is set to enter a period of prolific expansion owing to the increasing availability of non-branded, cost-effective crop protection products, states Fortune Business Insights™ in its report, titled “Generic Crop Protection Chemicals Market Size, Share & Industry Analysis, By Type (Herbicides, Insecticides, Fungicides, Others), By Crop Type (Cereals, Oilseeds & Pulses Fruits & Vegetables, Others) and Regional Forecast, 2020-2027”. While branded solutions have been farmers’ primary choice for ensuring efficient protection of their crops, several generic solutions have been developed by newer entrants in the agriculture industry that deliver the same results as their branded counterparts. For example, Pincer from Agform is being extensively deployed by farmers in the UK and the US to control the emergence of blackgrass in their crops. Pincer is now slowly replacing the much-costlier Liberator by Bayer and has resulted in significant cost savings for agriculturists. Similarly, Nufarm’s Piper 500 and Joules have proved to be highly effective in managing fungal diseases in different crops. Farmers are swiftly switching to Piper 500 and Joules from Syngenta’s Bravo 500, which is more expensive than Nufarm’s offerings. The growing presence of cheaper generic crop protection chemicals and solutions will open new avenues of expansion for this market in the forthcoming years.

List of Key Players Covered in the Generic Crop Protection Chemicals Market Report:

  • ADAMA Agricultural Solutions
  • AMVAC Chemical Co
  • Cheminova
  • Nufarm Limited
  • Generic Crop Science
  • Albaugh, LLC
  • Rotam Agrochemical Company Limited
  • United Phosphorus Ltd
  • Sipcam Agro USA
  • Atticus LLC

Browse Complete Report:

https://www.fortunebusinessinsights.com/generic-crop-protection-chemicals-market-103307

Highlights of the Report:

  • Granular assessment of each individual market segment;
  • Detailed analysis of the market drivers, trends, opportunities, and hindrances;
  • Comprehensive examination of the regional developments impacting the market; and
  • In-depth evaluation of the top market players and their key strategies.

Driving Factor

Rising Threat of Acute Food Insecurity amid COVID-19 to Fuel Market Growth

The COVID-19 pandemic has emerged as a highly potent threat to the lives and livelihoods of millions of people around the globe. The Food and Agriculture Organization (FAO) has noted that the world is staring at an acute food emergency in the post-pandemic period that is not only driven by the lack of access to food but also by decreasing food production. According to the UN, between 83 million and 132 million people are likely to starve in 2020 as a consequence of the severe economic downturn triggered by the coronavirus pandemic. The World Bank predicts that the pandemic will push around 100 million people into extreme, abject poverty. These stark projections necessitate the development and distribution of generic crop protection chemicals that can be easily accessed and afforded by farmers worldwide, thus ensuring high crop yield, especially in underdeveloped economies.

Major Segments includes:

By Type

  • Herbicides
  • Insecticides
  • Fungicides
  • Others

By Crop Type

  • Cereals
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others

By Geography

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Regional Insights

Robust Agriculture Industry to Foster Market Growth in Asia Pacific

Among regions, Asia Pacific is best-positioned to dominate the generic crop protection chemicals market share in the foreseeable future because of the strong agriculture industry in India, China, Vietnam, and Bangladesh. Furthermore, easy availability of crop protection chemicals and high production and cost-effective availability of agricultural inputs in China and India are anticipated to support the regional market growth.

North America has a developed and well-functional agricultural market, which has created the ideal conditions for the market to prosper in the region. Moreover, aggressive expansion of activities by global players in the US and Canada is also expected to boost the market in North America. In South America, extension of farmlands and increasing adoption advanced agricultural inputs will accelerate the market in the region.

Competitive Landscape

New Product Releases to be the Preferred Strategy for Market Players

With the demand for efficient crop protection solutions escalating, key players are aiding the generic crop protection chemicals market growth by releasing new, advanced products for the benefit of farmers. This strategy is enabling companies to entrench their market, widen their offerings, and bolster their global presence.

Industry Development:

  • November 2020: Canada-based Nufarm announced the launch of ThunderHawk, its newest pre-seed herbicide that delivers rapid broadleaf control for cereal farmers in the dark brown and black soil areas of Western Canada. Featuring three modes of action, the herbicide chemical is designed to offer superior performance when mixed with glyphosate. 

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