Its market segment includes by type of Chemicals (Synthetic & Biopesticide), by type of product (Herbicide, Insecticide, Fungicide & others) & by type of crop (Grains, cereals, oilseeds, pulses & commercial crops). The report includes Porter five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to publisher estimates, the France Crop Protection Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F owing to government regulations, ban on usage of synthetic pesticide & increasing demand for agricultural productivity.As of 2022, insecticides remain the most popular chemical crop protection medium. In the upcoming years, the scope for introduction of herbicide-tolerant seeds could see a dramatic shift in the use of chemical crop protection products.
In 2016, France banned the usage of synthetic pesticide, such as neonicotinoid pesticides, which are reported to plunge the bee population. Bee is crucial for pollination of crops, and continuous usage of synthetic pesticide would result in the bee population. Bee is crucial for pollination of crops, and continuous usage of synthetic pesticide would result in the decrease of a number of bees, thereby lowering yield of crops.
Key Trends by Market Segment:
- By Type of Chemical: The synthetic crop protection chemicals segment is expected to capture a large chunk of the market in the coming years due to increasing demand for healthy and toxic free crops. On the other hand, the biopesticides segment is anticipated to expand at a rapid pace owing to improvement in plant growth
- By type of Product: The herbicides segment is expected to constitute a major market share during the forecast period. However, the fungicides segment is projected to grow at a steady rate as they help to inhibit or prevent the growth of fungi on plants, roots, or seeds
- By Type of Crop: The grains and cereals segment is anticipated to hold a key share of the market in the coming years considering the fact that they prevent colorectal cancer. On the other hand, the pulses and oilseeds segment is anticipated to expand at a rapid pace during the forecast periodowing to rising usage insupplements, and reduces the risk of soil erosion
Competitive Landscape
The France crop protection chemicals market is moderately fragmented with major global and national players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the France Crop protection market for its products, services, and continuous product developments are Bayer CropScience, Syngenta, UPL Limited, Corteva Agriscience, Sumitomo Chemical, and Novozymes among others.Future Outlook
France Crop Protection Market is projected to witness a CAGR of ~% between 2022 to 2027F. This is majorly due to the growing population, increasing focus on food security, increased investment in research and development, increase in crop protection products and increase in farming income.The crop protection market in France is expected to witness a drive towards sustainable, cost-effective crop protection chemicals to ensure that input costs remain as low as possible due to limited financing and high operating expenses.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bayer Crop Science
- UPL Limited
- Syngenta
- Sumitomo Chemicals
- Corteva Agriscience