Unprecedented Demand for Crop Protection Chemicals Driven by Food Security and High Yielding Crops
The global Crop Protection Chemicals Market is witnessing a surge in demand driven by the pressing need for food security and the challenges posed by the worlds growing population, which is projected to reach 9.8 billion by 2050. As cultivable land continues to decline, the need to reconcile these issues becomes increasingly complex, emphasizing the demand for better crop yields.
According to a recent study, developing economies are expected to see a drop of over 60% in arable land per person. Crop protection chemicals have emerged as the most economical means to enhance crop quality and yield. The industry has been evolving rapidly, with innovations in products, efficacy, and regulatory regimes. Today, the crop protection chemicals industry offers more than 800 active ingredients, a sign...