The global crop protection chemicals market is estimated to be valued at USD 54.89 Billion in 2016 and projected to reach USD 70.57 Billion by 2021, at a CAGR of 5.15% from 2016 to 2021. With the increase in demand for food security for the growing population along with the limited agricultural land available in the world, and rise in crop loss due to various pest attacks, the use of crop protection chemicals is expected to enhance the market growth.

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Liquid form of crop protection chemicals is majorly used all over the world as compared to the solid form, due to the user-friendliness as well as the easy application of liquid crop protection chemicals.

The different modes of applications for crop protection chemicals are foliar spray, seed treatment, soil treatment and others, which include chemigation and fumigation. The foliar spray is highly used for applying crop protection chemicals but due to the rising demand for seeds treated with crop protection chemicals, the seed treatment mode of application is projected to be the fastest-growing market in the next few years.

In 2015, South America accounted for the largest market share in market, followed by Asia-Pacific and Europe. Brazil and Argentina constituted the largest country-level markets in the South American region in 2015. Increasing awareness about the benefits of crop protection chemicals among the cultivators and rising population is leading to the growth of the market in this region. The crop protection chemicals market in the Asia-Pacific region is projected to grow with investments from several multinational manufacturers. Moreover, extensive R&D initiatives have been undertaken for exploring the new varieties of crop protection chemicals to be used on different pest infestations and also used as an alternative to pest resistant crop protection chemicals.

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Key players identified in the global crop protection chemicals market include BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), Sumitomo Chemical Co., Ltd. (Japan), and Syngenta AG (Switzerland). Most key participants have been exploring new regions through new product launches, collaborations, and acquisitions across the globe to avail a competitive advantage through combined synergies. Since 2011, the market has witnessed an increase in demand, especially in countries such as the U.S. Canada, Spain, U.K., India, and China.

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