Market Size of Italy Crop Protection Chemicals (Pesticides) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Crop Protection Chemicals Market Analysis
The Italy crop protection chemical market is projected to grow at a CAGR of 3.5% during the forecast period.
- The growth in food production can be achieved with the use of more farmland and an increase in yield per hectare (ha). One of the important means to bring about a high yield per ha is the use of plant protection products (PPPs), such as herbicides, insecticides, and fungicides, which help protect plants from harmful pests, diseases, and weeds.
- In Italy, biocontrol is used to specifically control weeds, illnesses, and pests. In Europe, all field crops use precision agriculture methods. New plant breeding techniques also show widespread benefits for crop protection on all indicators apart from biodiversity, where a neutral impact is indicated. Unfortunately, because of ethical issues, the European Union will not be able to use new genetic and breeding technology in 2050. This indicates that there will be a huge demand for agrochemicals in the future.
- Italy is relatively stricter about the use of chemical fertilizers. This growing concern for more sustainable management is among the reasons of the fast growth of organic wine production, thus, promoting the usage of botanical pesticides, such as pyrethrin, azadirachtin, and Spinosad, in the country. This will create an opportunity to make country bio-based and further tends to develop the growth of the market in the coming years.
