![Global Crop Protection Chemicals Market](https://res.cloudinary.com/devmoveo/image/upload/v1678874621/skyquest/gallery/Global-Crop-Protection-Chemicals-Market.jpg)
Report ID: SQMIG15C2035
Report ID:
SQMIG15C2035 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
90 |
Figures:
76
North America region dominated the crop protection chemicals market in 2022 and is expected to maintain its dominance throughout the forecast period. The region is home to the largest agricultural industry in the form of the U.S. and is characterized by high technological advancements in farming methods, and a robust regulatory framework influencing industry dynamics. The U.S. FDA, and EPA regulate the market in the U.S., which are empowered by the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) and Food Quality Protection Act (FQPA). Over the forecast period, the region is expected to grow at a CAGR of 7.5%. Growth should be driven by product development and advent of sustainable farming practices.
Asia Pacific is a region with tremendous potential. Emerging nations including India, Malaysia, Indonesia, China, the Philippines, and Thailand are located in the region. With the highest population density in the world, agriculture is essential to the region's socioeconomic growth and the preservation of food security. Economic growth has also made it possible for sophisticated agricultural technologies from the western half of the world to be introduced to the region.
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Report ID: SQMIG15C2035