The most common pesticides that are overused to protect crops are chemical or synthetic pesticides. Herbicides, insecticides, and fungicides are the three main types of pesticides that are used. Pesticides used to preserve crops are further divided into categories such as nematicides, fumigants, and rodenticides. Pesticides are classified according to the kind of pest they target. For example, herbicides are used to eradicate unwanted plants or weeds, fungicides to shield against fungi or their spores, and insecticides to manage the larvae and eggs of insects.
According to SPER market research, ‘Mexico Crop Protection Chemicals Market Size- By Type, By Origin, By Form, By Crop Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Mexico Crop Protection Chemicals Market is predicted to reach USD XX billion by 2033 with a CAGR of 4.54%.
Growing Drivers:
Pesticide use is a common way that the Mexican government encourages and assists farmers in raising agricultural yield. The government invested in crop production, focusing on raising agricultural productivity, in order to meet the demand for cash crops from around the world, such as coffee, soybean oil, cocoa, and so forth. Consequently, farmers are using crop chemicals—herbicides, insecticides, and the like—to increase crop growth, productivity, and meet global export demands.
Furthermore, the application of crop protection chemicals by farmers enhances crop quality and yields by providing crops with micronutrients, growth promoters, and essential nutrients. This has boosted the country’s market expansion by significantly influencing the demand for crop protection chemicals.
Challenges:
Mexico is heavily dependent on crop chemical imports because it lacks the infrastructure to produce its own crop protection chemicals. The national growth of the crop chemicals market is hampered by this reliance. The fact that Mexico imports the majority of its crop protection from North America, Europe, and other regions only serves to further complicate matters.
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However, recent supply chain disruptions brought about by the conflict between Russia and Ukraine and trade restrictions related to COVID-19 have resulted in a significant shortage of crop protection chemicals and an increase in prices in the nation. Sales of crop protection chemicals have been impacted and the market’s overall growth has been restricted by this disruption.
The pandemic has caused changes in consumers’ dietary and shopping habits. The demand for luxury or non-essential crops declined while that of certain crops, such as vegetables and staple foods, increased. This change had an impact on the kinds and amounts of crop protection chemicals required. As a result, it is expected that the decline in COVID-19 cases and the introduction of fresh initiatives by both public and private entities will support the growth of the crop protection chemical industry in the upcoming years. Additionally, some of the market key players are BASF, Unified AG Solutions, Bayer AG, UPL Limited, Syngenta AG, Nufarm Limited, FMC Corporation.
Mexico Crop Protection Chemicals Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Mexico Crop Protection Chemicals Market is segmented as; Fungicides, Herbicides, Insecticides, Nematicide, Others.
By Origin: Based on the Origin, Mexico Crop Protection Chemicals Market is segmented as; Bio-based, Synthetic.
By Form: Based on the Form, Mexico Crop Protection Chemicals Market is segmented as; Liquid, Solid.
By Crop Type: Based on the Crop Type, Mexico Crop Protection Chemicals Market is segmented as; Cereals & Grains, Oil Seed & Pulses, Vegetable & Fruits.
By Application: Based on the Application, Mexico Crop Protection Chemicals Market is segmented as; Foliar Spray, Post-Harvest Treatment, Seed Treatment, Soil Treatment.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
For More Information, refer to below link:-
Mexico Agrochemicals Market Outlook
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