The UK crop protection chemicals market is projected to register a CAGR of 3.1% during the forecast period of 2020-2025. The rise in the adoption of biopesticides, favorable government policies supporting the development of new innovative crop protection chemicals are some of the factors driving the market growth for United Kingdom crop protection chemicals.
Crops like oats, wheat, and barley are largely grown in the United Kingdom which accounts for a larger share in the overall crop protection chemicals market. Among the chemical type, fungicides and herbicides hold a prominent share among the various crop protection chemicals.
Bayer CropScience AG, Bayer SE, FMC Corporation, Adama Ltd, and Nufarm are some of the major players operating in this market.
UK Crop Protection Chemicals Market Trends
Rise in Adoption of Biopesticides
The growing demand for food safety and quality, increasing consumer demand for organic products, and favorable government policies promoting the use of biocontrol products are some of the factors driving the market growth of biopesticides. The United Kingdom is one of the pioneers of biopesticide regulations in Europe and hence implemented a number of measures to support the commercialization of biopesticides products in the country. This includes a regulatory approach to incentivize registration of biopesticide products and providing significant funding for Research and Development of alternative non-chemical methods of crop protection. The country has many public-private partnerships to develop targeted biopesticides which will address the gaps in the market, thereby creating stronger demand for biopesticides products.
Fungicides Holds a Prominent Share
The most extensively used fungicide formulations in the United Kingdom include chlorothalonil, epoxiconazole prothioconazole/tebuconazole, and tebuconazole. Wheat crop accounts for the highest application of fungicide, followed by Oats and Rye in 2016 as per the Food and Environment Research Agency (FERA). Septoria tritici is the most damaging foliar disease of UK wheat, causing yield losses which can range from around 30- 50% in high-pressure seasons. In order to mitigate the yield loss, many wheat growers have increased the usage of fungicides in their crops. Many companies, like BASF SE, are launching products, such as Revysol giving growers access to new cereal fungicides that cater to their needs in effective disease control management.
UK Crop Protection Chemicals Market Competitive Analysis
Bayer CropScience AG, Bayer SE, FMC Corporation, Adama Ltd, and Nufarm are some of the major players who are operating in this market. These players are focusing on developing new innovative crop protection chemicals by investing heavily in R&D activities to cater to the needs of growers in this region.
The market estimate (ME) sheet in Excel format
3 months of analyst support