Pakistan Crop Protection Chemicals Market Outlook 2031
The Pakistan Crop Protection Chemicals Market Size was valued at USD 299.31 Million in 2022 and is likely reach to USD 598.32 Million by 2031, expanding at a CAGR of 8% during the forecast period, 2023 – 2031.
The growth of the market is attributed to growing demand for products increases food security, Moreover, rising population coupled with increasing prefer for nutritious food in order to be healthy is driving the market growth.
Crop chemicals are used to protect agricultural crops. The lack of usage of these chemicals can negatively impact the crops growth, which leads to dramatic losses to the farmers. One of the crop chemicals, such as insecticides are crucial to crop as it helps in combating human and animal diseases.
The environmental and toxicological properties of these chemicals have improved considerably over the last six decades. Research aims to produce chemicals that are not just potent but are specific for the required purpose, whilst not affecting the environment. Over the time, pests may develop resistance to crop protection chemicals, which increases the demand for advanced crop chemicals.
Some important crops in Pakistan includes wheat, cotton, paddy, sugarcane, and vegetables, Wheat is the majorly cultivated crop in the country and contributes about 37& of the total crop consumed in the country.
Pakistan Crop Protection Chemicals Market Trends, Drivers, Restraints, and Opportunities
- Growing government initiatives to increase the awareness about the benefits of crop chemicals, such as controlling crop diseases and eradicating weeds and pests, is expected to contribute to the growth of the market.
- Ongoing technological development in crop protection chemicals is anticipated to augment the Pakistan crop protection chemicals market growth.
- Lack of awareness about different chemicals available for crop protection can restraint the growth of the market.
- The outbreak of COVID-19 has negatively impacted the Pakistan crop protection chemicals market due to disruptions in the supply chain. However, the market is anticipated to recover soon owing to reducing cases of virus and relaxation in the restriction on the opening of manufacturing facilities and retail stores.
- Rising trend of developing genetically modified (GM) crops along with the evolution in the biotechnology and microbiology sector is expected to propel the market growth.
Scope of Pakistan Crop Protection Chemicals Market Report
The report on the Pakistan crop protection chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Crop Protection Chemicals Market - Pakistan Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Origins (Synthetic and Bio-based), Chemical Types (Herbicides, Insecticides, Fungicides, and Others), Applications (Grains and Cereals, Oilseeds and Pulses, Commercial Crops, Fruits and Vegetables, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Syngenta Pakistan, Ali Akbar Group, and Arysta LifeSciences Corp.
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Pakistan Crop Protection Chemicals Market Segment Insights
Origin Segment Analysis
Based on origin, the market is divided into synthetic and bio-based. The synthetic segment is anticipated to account for a key market share and is anticipated to grow at a healthy rate during the forecast period.
Synthetic crop protection chemicals have gained huge traction in the market owing to the emerging infestation in the crops. However, the bio-based segment is anticipated to exhibit a high CAGR owing to rising environmental concerns.
Chemical Types Segment Analysis
Based on chemical types, the market is divided into herbicides, insecticides, fungicides, and others. The insecticides segment is anticipated to account for a major market share during the forecast period. One of the widely used insecticides is against whitefly, a common pest for cotton in Pakistan, which is driving the market growth.
Applications Segment Analysis
On the basis of applications, the market is segregated into grains and cereals, oilseeds and pulses, commercial crops, fruits and vegetables, and others.
The grain and cereals segment is projected to exponentially grow in the Pakistan crop protection chemical market due to rising food demand and reducing arable land. However, the commercial crops is expected to grow at a sustainable rate during the forecast period.
Segments
Origins
Chemical Types
- Herbicides
- Insecticides
- Fungicides
- Others
Application
- Grains and Cereals
- Oilseeds and Pulses
- Commercial Crops
- Fruits and Vegetables
- Others
Country
Key Players
Competitive Landscape
The major players of the market are Syngenta Pakistan, Ali Akbar Group, and Arysta LifeSciences Corp. Companies are engaging in the R&D activities to produce high-quality crop chemicals to fight against the chemical resistance of the crops.
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