The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Mexico Crop Protection Chemicals Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Mexico Crop Protection Chemicals Industry (2024-2030):
According to the latest report, The Mexico Crop Protection Chemicals Market is estimated to grow at a CAGR of around 4.25% during the forecast period, i.e., 2024-2030. The report demonstrates the prominent factors propelling the exponential growth of the Mexico Crop Protection Chemicals industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-30): 4.25%
What are the major Driver the Mexico Crop Protection Chemicals industry?
Growing Government Investment to Support Agriculture Production – The Mexican government provides support & incentives to farmers to enrich agricultural productivity, often involving the usage of crop protection chemicals. The government’s investments aimed at boosting overall crop production to meet the global demand for cash crops like coffee, soybean oil, cocoa, etc., hence gearing toward expanding agricultural productivity. Consequently, farmers are embracing the use of crop chemicals, such as herbicides, insecticides, etc., to optimize crop growth, enhance productivity, and meet the requirements for global exports.
Moreover, the adoption of crop protection chemicals enables farmers to provide crops with essential nutrients, micronutrients, and growth enhancers, leading to improved yields & improved crop quality. This has been significantly impacting the demand for crop protection chemicals, thus driving market growth in the country. Furthermore, the expansion of organic farmland and the increasing demand for biochemical are anticipated to amplify the need for crop chemicals in agricultural practices across the region.
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Mexico Crop Protection Chemicals Market Segmentation
The Mexico Crop Protection Chemicals Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Herbicides- Market Size & Forecast 2019-2030, Thousand Tons
- Insecticides- Market Size & Forecast 2019-2030, Thousand Tons
- Fungicides- Market Size & Forecast 2019-2030, Thousand Tons
- Nematicide- Market Size & Forecast 2019-2030, Thousand Tons
- Others (Algicide, Rodenticides, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
- By Origin
- Synthetic- Market Size & Forecast 2019-2030, Thousand Tons
- Bio-based- Market Size & Forecast 2019-2030, Thousand Tons
- By Form
- Liquid- Market Size & Forecast 2019-2030, Thousand Tons
- Solid- Market Size & Forecast 2019-2030, Thousand Tons
- By Crop Type
- Cereals & Grains
- Wheat- Market Size & Forecast 2019-2030, Thousand Tons
- Rice- Market Size & Forecast 2019-2030, Thousand Tons
- Corn- Market Size & Forecast 2019-2030, Thousand Tons
- Others (Sugarcane, Cotton, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
- Oil Seed & Pulses
- Soybean- Market Size & Forecast 2019-2030, Thousand Tons
- Sunflower- Market Size & Forecast 2019-2030, Thousand Tons
- Others (Rapeseed, Niger, etc.)
- Vegetable & Fruits
- Leafy Vegetables- Market Size & Forecast 2019-2030, Thousand Tons
- Roots & Tuber Vegetables- Market Size & Forecast 2019-2030, Thousand Tons
- Citrus Fruits- Market Size & Forecast 2019-2030, Thousand Tons
- Others (Pome Fruits, Stone Fruits, Grapes, etc.)- Market Size & Forecast 2019-2030, Thousand Tons
- Cereals & Grains
- By Application
- Foliar Spray- Market Size & Forecast 2019-2030, Thousand Tons
- Seed Treatment- Market Size & Forecast 2019-2030, Thousand Tons
- Soil Treatment- Market Size & Forecast 2019-2030, Thousand Tons
- Post-Harvest Treatment- Market Size & Forecast 2019-2030, Thousand Tons
- By Region
- North
- Central
- West
- East
- South
As per the regional aspect, the Mexico Crop Protection Chemicals Market is expected to be dominated by Mexico by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/mexico-crop-protection-chemicals-market.html
Top Companies in the Mexico Crop Protection Chemicals Market
BASF, Unified AG Solutions, Bayer AG, UPL Limited, Syngenta AG, Nufarm Limited, FMC Corporation, Corteva, Chr. Hansen Holding A/S, ADAMA, and others
Mexico Crop Protection Chemicals Market Industry Recent Development:
2023: BASF SE, launched two new herbicides, Facet and Duvelon to support rice & tea growers tackle problematic weeds. Facet is formulated for application in rice fields, and the formulation of Duvelon is optimized for the use in tea & coffee plantations. These innovations offer farmers in Mexico a reliable solution for weed management.
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