Europe Crop Protection Pesticides Market has been estimated at USD 27.73 Billion in 2021 and is projected to reach USD 31.6 Billion by 2026, at a CAGR of 5.1% during the forecast period from 2022 - 2027.
Protection chemicals are widely used across Europe in safeguarding crops against various insects, diseases, and pests. Pesticides are very important as they improve the quality and yield of agricultural produce. Insecticides are applied to provide plants with protection against various insects and fungicides safeguards plants from various diseases.
Drivers and Restraints of Europe Crop Protection Pesticides Market:
Growing demand for food safety & Quality amidst the stringent regulation procedures is driving the market. Bio pesticides adoption is also occurring all over the region, especially in developed and some developing countries. Demand for organic and completely natural foods is increasing due to which the bio pesticides consumption is said to increase. The euro zone crisis has largely reduced the credit access to the farmers, thus largely reducing the inputs needed for the growers in the European region. Another major restrain is the burgeoning research and development costs of the synthetic pesticides.
Europe Crop Protection Pesticides Market – By Crop Based Application:
Grains & Cereals
Europe Crop Protection Pesticides Market – By Non Crop Based Application:
Pesticide Market Is also segmented into type which is further subdivided into Synthetic and Bio-pesticides. Each of these is further sub divided into Herbicides, Insecticides, Fungicides, Other Synthetic Pesticides and Bio-herbicides, Bio-insecticides, Bio-fungicides Other Bio-pesticides respectively. Crop protection chemicals market is being dominated by herbicides, followed by synthetic fungicides.
Geographically, Europe market for Pesticides is segmented into
Synthetic Pesticides in Europe is at a slower growth compared to Bio-pesticides. Bio-Herbicides is the largest segment with in Bio-pesticides followed by bio fungicides, fastest growing. Germany is the largest European consumer of Pesticides and Spain is the fastest growing pesticide market in Europe. Coming out of slow growth in 2008 and 2009 owing to economic downturn and bad weather conditions, herbicide market in Europe started recovery.
Marrone Bio Innovations, DuPont, Arysta Life sciences, BASF, and Dow Agrosciences are the most active companies in Europe Crop Protection Pesticides market along with American Vanguard, Cheminova, Chemtura Corp, Monsanto, Natural Industries, Bayer CropScience, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG, Valent Biosciences, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen, and BioWorks.
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