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The grain and cereal crop protection market size is forecast to increase by USD 11.35 billion, at a CAGR of 5.18% between 2023 and 2028. The growth rate of the market depends on several factors, including the increasing globalization and trade, the increasing number of new product launches, and the mergers and acquisitions among market players.
The report includes a comprehensive outlook on the Grain and Cereal Crop Protection Market, offering forecasts for the industry segmented by Type, which comprises crops and grains. Additionally, it categorizes Product Type into herbicides, insecticides, fungicides, and others, and covers Regions, including APAC, South America, Europe, North America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Grain and cereal crop protection refers to the set of practices, strategies, and products implemented to safeguard grains and cereal crops such as wheat, rice, corn, barley, and oats from pests, diseases, weeds, and environmental stressors. These protection measures aim to ensure the optimal growth, health, and yield of these important food crops.
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Increasing globalization and trade is the key factor driving market growth. IPM can be defined as a strategy involving specific procedures for pest prevention in an agricultural environment. It is a prevention method that creates an inhospitable environment for pests through systemic resistance and proper operation design. IPM aims to reduce dependence on chemical pesticides by employing multiple tactics such as biological control (using natural predators or parasites), cultural practices (crop rotation, sanitation), mechanical methods (traps, barriers), and resistant crop varieties.
Furthermore, as agriculture faces challenges related to environmental sustainability and the need for safer and more efficient pest management, IPM emerges as an important strategy that aligns with these goals while maintaining crop yields and economic viability. Thus, such factors are expected to positively impact the growth of the global grain and cereal crop protection market during the forecast period.
Implementation of integrated pest management (IPM) as a novel crop protection method is the primary trend shaping market growth. To meet quality standards and maintain competitive prices in the global market, farmers use crop protection products to produce high-quality crops. Globalization opens markets worldwide, allowing agricultural products to be traded across borders. This demand for crops, both for domestic consumption and international trade, drives the need for effective crop protection. Farmers strive to meet global standards and quality requirements to remain competitive in these markets.
Moreover, as agricultural practices evolve to meet global demands, there is a higher emphasis on maximizing yields and ensuring the quality of produce. This intensification often requires the use of crop protection products to safeguard crops against pests, diseases, and weeds. Efforts to ensure sustainable agriculture and responsible use of crop protection products remain essential. Hence, the global grain and cereal crop protection market is expected to witness growth during the forecast period.
Demand for organic products is a challenge that affects market growth. Growing consumer demand for organic produce has led to increased acreage dedicated to organic farming practices, which inherently lowers the use of conventional crop protection products. As a result, there might be a reduced demand for conventional crop protection products among organic farmers. Organic farming practices typically avoid synthetic pesticides, herbicides, and fertilizers. As a result, there might be a reduced demand for conventional crop protection products among organic farmers.
In addition, organic farming practices can create a niche market within agriculture that does not depend on traditional chemical-based solutions. Moreover, organic farming encourages the use of alternative pest management strategies like biological control, crop rotation, natural predators, and resistant crop varieties. Hence, the growing demand for organic products may impede the growth of the market during the forecast period.
The market share growth by the crops segment will be significant during the forecast period. As the global population continues to grow, so does the need for food. More people mean a higher demand for crops to sustain the rising population. Crops are not only used for food; they are also essential for producing biofuels, fibers, and various industrial products. The demand for biofuels, in certain, has raised the cultivation of crops like corn and sugarcane for ethanol production.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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