Market Size of Spain Crop Protection Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 841.66 Billion |
Market Size (2029) | USD 980.45 Billion |
CAGR (2024 - 2029) | 3.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Spain Crop Protection Chemicals Market Analysis
The Spain Crop Protection Chemicals Market size is estimated at USD 841.66 billion in 2024, and is expected to reach USD 980.45 billion by 2029, growing at a CAGR of 3.10% during the forecast period (2024-2029).
- In Spain, food security and safety have become a major concern over the last few years. Therefore, the biological control of insect pests in the agricultural field has gained importance in the recent past, especially due to food safety and environment-friendly nature. In this regard, bacterial insecticides offer better alternatives to chemical pesticides. Thus, the market for bioinsecticide is anticipated to grow at a significant pace during the forecast period.
- Bayer CropScience AG, BASF SE, Adama LTD, and Syngenta Internation AG are some of the major players operating in this market.