Hungary Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by mode of action (herbicides, fungicides, insecticides, nematicides, molluscicides and others), by application type (grains & cereals, pulses & oilseeds, fruits & vegetables, commercial crops, turf & ornamentals), by origin (synthetic, bio-based).

Market Snapshot

Market Snapshot
Study Period:

2016 - 2026

Base Year:

2019

CAGR:

8.7 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Hungary Crop Protection Chemicals Market is projected to grow at a CAGR of 8.7% during the forecast period (2020-2025). The crop protection chemical industry in the region has been transforming over the years, with robust growth, coupled with changing crop mix trends, and environmental regulations. Growing population, declining arable land, food security, and the need for augmented agricultural productivity are the significant factors, which are driving the demand for higher agricultural output, thus augmenting the growth of the pesticide industry in Hungary. Increasing R&D costs and the ban on certain pesticides are some of the vital factors, which act as restraints to the market.

Scope of the report

Crop protection chemicals constitute a class of agrochemicals, which are used for preventing the deterioration of crops from insects and pest infestation. The report has been segmented on the basis of application such as grains and cereals, pulses and oilseeds, fruits and vegetables, turf and ornamentals, and commercial crops. Segmentation has also been done based on origin into synthetic and bio-based and by mode of action into herbicides, fungicides, insecticides, nematicides, molluscicides and others.

Mode of Action
Herbicide
Fungicide
Insecticide
Nematicide
Molluscicide
Others
Origin
Synthetic
Bio-based
Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Commercial Crops
Turf and Ornamentals

Report scope can be customized per your requirements. Click here.

Key Market Trends

Escalated Adaptation of Biopesticides

Owing to the escalating demand for food safety and quality, biopesticides are gaining popularity over their synthetic counterparts. Relatively low R&D costs associated with the former is also a major factor that is driving the biopesticides market. According to Ecology & Farming Magazine, Hungary offers good conditions for organic production, many of its low-intensity agricultural areas such as pastures, meadows, and fallows are free from agro-chemicals, encouraging the use of biopesticides. More than 2000 enterprises produce organically certified food, whose demand is rising every year in the country. This inclination towards bio-based agricultural products is likely to aid the growth of the crop protection chemicals market in the country.

Hungary Crop Protection Chemicals Market

To understand key trends, Download Sample Report

Recurring Instances of Pest Attacks on Important Crops

Hungary's most important crops include corn, wheat, sugar beets, barley, potatoes, and sunflower seeds. The number of pests in different crops in the country is rising, and there is a tremendous increase in the number of insecticide-resistant pests. Insecticides can be used to control a variety of pests, however, over time, they lose their effectiveness, as pests develop resistance, a significant decrease in sensitivity to a pesticide, which reduces the field performance of the pesticides. Reliance on insecticide-based pest management of insect pests often leads to the development of insecticide resistance. ​ However, the resistance to insecticides is going to encourage the insecticides market, as this implies that there would be constant research to develop newer variants of products, boosting product launches, and furthering the revenues of the operating companies, enhancing the overall crop protection chemicals market in the country. Ban on the production of GMO plants in the region is also likely to aid in the growth of the crop protection chemicals market during the forecast period.

Hungary Crop Protection Chemicals

Competitive Landscape

Hungary crop protection chemicals market is highly competitive with major international players such as Bayer AG, UPL Limited, Ori Agro and Nufarm Limited occupying a major share in the region. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Mode of Action

      1. 5.1.1 Herbicide

      2. 5.1.2 Fungicide

      3. 5.1.3 Insecticide

      4. 5.1.4 Nematicide

      5. 5.1.5 Molluscicide

      6. 5.1.6 Others

    2. 5.2 Origin

      1. 5.2.1 Synthetic

      2. 5.2.2 Bio-based

    3. 5.3 Application

      1. 5.3.1 Grains and Cereals

      2. 5.3.2 Pulses and Oilseeds

      3. 5.3.3 Fruits and Vegetables

      4. 5.3.4 Commercial Crops

      5. 5.3.5 Turf and Ornamentals

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Agrokemia

      2. 6.3.2 Bayer AG

      3. 6.3.3 Belchim Crop Protection

      4. 6.3.4 UPL Ltd

      5. 6.3.5 Oro Agri

      6. 6.3.6 Nufarm Ltd

      7. 6.3.7 Bold agro

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Hungary Crop Protection Chemicals Market market is studied from 2016 - 2026.

The Hungary Crop Protection Chemicals Market is growing at a CAGR of 8.7% over the next 5 years.

  • Bayer AG
  • Oro Agri
  • UPL Ltd
  • Nufarm Ltd
  • Belchim Crop Protection

Are the major companies operating in Hungary Crop Protection Chemicals Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!