Market Size of Chile Crop Protection Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.31 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Chile Crop Protection Chemicals Market Analysis
The Chile crop protection chemicals market is estimated to register a CAGR of 5.31% during the forecast period (2020-2025). The drivers identified in this market include the need for increased agricultural productivity, an increasing number of mergers and acquisitions, decreasing arable land, technological innovation in crop protection sector, increasing herbicide resistance, and increased rate of adoption of GM technology. The restraints identified in this market are environmental and ecological damages, government regulations on agro chemicals, food safety issues, and increased health concerns.