Market Size of Fruit & Vegetable Crop Protection Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 3.90 % |
Fastest Growing Market | North America |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Fruit & Vegetable Crop Protection Market Analysis
The globalcrop protection market for fruit & vegetablesisestimated to register a CAGR of 3.9% during the forecast period, 2020-2025. Growing population, decliningarable land,food security, and the need for augmented agricultural productivityare the significantfactors, which are driving the demand for higher agricultural output, thusaugmenting the growth of the pesticide industry, globally. Increasing R&D cost, low per capita use of crop protection chemicals in several developing economies and ban in pesticides in certain regions are the major factors, which act as restraints to the market. The market is highly consolidated, with a few players dominating the market across different geographical regions. The market players are mostly focusing upon R&D, mergers, and acquisitions, and new product launches to increase their market share.