GLOBAL TRENDS IN CROP PROTECTION CHEMICALS INDUSTRY BY 2030.
The world population is increasing rapidly, pressing the agriculture department to increase the annual yield from agricultural fields. The global human population is estimated to be around 10 billion by the year 2050. To satiate this large population’s food requirements, many crop protection chemicals are being used in farming to enhance the overall yield. Climate change also harms the agriculture sector, encouraging the use of these crop protection chemicals. As a result, the crop protection chemicals market is estimated to generate revenue of $40 billion by the year 2030. Driving Factors The industry trends are continuously changing. It is influenced by numerous factors, including increasing organic farming and innovations. In addition, climate change has made the crops susceptible to diseases, further propelling the use of crop protection chemicals. Geographical Analysis In geographic regions, this industry has displayed considerable growth in Latin America since 2...