Monday, January 23, 2023

The France crop protection Market is expected to witness a steady growth rate over the period 2023-2027 owing to government regulations & technological innovations: Ken Research

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Ban on usage of synthetic pesticides & increasing demand for agricultural productivity are some of the factors driving growth.

High Demand for Bio-Pesticides: France is the 3rd largest biopesticide market in European Union holding around 20.5% share of the total European biopesticide market in 2019. The country has historically known to be one of the most dominant agricultural centers in Europe. Despite decades of research on biological control and a significant number of biopesticides shown to be efficient in laboratory conditions, few products are currently registered for use in France. The country introduced a scheme called “Ecophyto 2018”, which aimed at reducing 50% of synthetic pesticide consumption over the period 2008-2018. The presence of synthetic pesticides in agrochemicals is a major concern for the environment and human and animal health & could play a significant role in driving the growth of biopesticides. The French R&D network, including INRA, covers various aspects of biopesticide research, such as developing new products, understanding the determinants of their effectiveness, obtaining information on their mode of action, and carefully managing their use once they become commercially available.

Fungicides being the largest segment: France is the largest consumer of fungicides, within Europe, with ideal wet conditions for the growth of fungicides, especially Septoria tritici blotch (STB). The major factors affecting the pattern of consumption are changes in crop acreage, pest resistance, pesticide regulation, and adoption of technology. Increased adoption and high efficiency of fungicides have fueled industry growth. In the recent years, the popularity of bio-fungicides has increased among farmers, producers, and end consumers. Factors such as rising demand for food safety and security and government support are the major factors driving growth in the recent years. The development of bio-pesticides or eco-friendly crop protection products have become a significant priority for research and funding agencies around the world. Growing profits in organic farming influence farmers to look for synthetic chemical alternatives to control plant health.

Analysts at Ken Research in their latest publication, France Crop protection Market Outlook 2027F- Driven by government regulations & technological innovations by Ken Research observed that France Crop protection Market is in a growth phase & is expected to witness a growth rate of ~% in the upcoming years owing to a ban on synthetic pesticides & increasing demand for agricultural productivity. It is to be noted that the France crop protection chemicals market is moderately fragmented with major global and national players occupying almost half of the market with companies competing not only on the basis of product quality and promotion but also on the basis of strategic moves with the aim of capturing a larger market share.

France Crop Protection Industry

Key segments covered:-

By Type of Chemicals FY’22 & FY’27

Synthetic

Biopesticide

By Type of product FY’22 & FY’27

Herbicide

Insecticide

Fungicide

Others

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By Type of Crop FY’22 & FY’27

Grains & Cereals

Pulses & Oilseeds

Commercial Crops

Others

Key Target Audience:-

Crop Protection Companies

Crop Protection Associations

International Investors

Chemical Companies

International Crop Protection Companies

Venture Capitalist Firms

Agrochemical Manufacturers

Raw Material Suppliers

Research & Development Institutes

Government Bodies & Regulating Authorities

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Time Period Captured in the Report:-

Historical Period: FY’17- FY’22P

Base Year: FY’22P

Forecast Period: FY’22P – FY’27F

Companies Covered:-

Bayer Crop Science

UPL Limited

Syngenta

Sumitomo Chemicals

Corteva Agriscience

Key Topics Covered in the Report:-

Executive Summary of France Crop Protection Market

Market Size of France Crop Protection Market

Market Segmentation of France Crop Protection Market

SWOT Analysis of France Crop Protection Market

Trends and Developments in France Crop protection Market

Regulatory Bodies of France Crop Protection Market

Overview of France Crop Protection Challenges and restrains

End User Analysis of France Crop Protection Market

Competitive Analysis of France Crop protection Market

Future Outlook of France Crop Protection Market

COVID-19 Analysis of France Crop Protection Market

Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

France Crop Protection Market

Related Reports by Ken Research:-

Nigeria Crop Protection Market Outlook 2027F

Brazil Crop protection Market Outlook to 2027F

Netherland Crop Protection Market Outlook to 2027F

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