Crop Protection Chemicals Market: Growth Drivers, and Challenges

The global crop protection chemicals market is projected to reach USD 101.0 billion by 2029 from USD 79.3 billion by 2024, at a CAGR of 5.0% during the forecast period in terms of value. Climate change is reshaping weather patterns, leading to emerging and persistent threats from pests and diseases. Warmer temperatures and altered precipitation can extend the range of pests, such as the Fall Armyworm, which has wreaked havoc on crops across Africa and Asia. This growing intensity and frequency of threats drive up the demand for crop protection chemicals to preserve yields.

Crop Protection Chemicals Market Opportunities: Integrated pest management (IPM)

Integrated Pest Management (IPM) offers significant potential for the crop protection chemicals market by fostering a comprehensive and sustainable approach to pest control. IPM integrates chemical, biological, cultural, and physical methods to manage pests in a balanced manner. It emphasizes the careful use of crop protection chemicals, applying them only when needed and alongside other control methods to reduce environmental impact and avoid pest resistance. This approach drives the creation of more targeted and eco-friendly chemical products that align with IPM principles. As a result, it paves the way for innovation and growth in the market, with companies developing new formulations and technologies to meet the rising demand for sustainable and effective pest management solutions.

Which trends are driving the steady expansion of the solid segment in the crop protection chemicals industry?

Solid formulations of crop protection chemicals, such as granules, pellets, and powders, offer distinct advantages over liquid forms. These benefits include greater stability, easier storage, and a lower risk of spillage or leakage during transportation and handling. Solid formulations are particularly popular in agricultural practices that require precise application and extended efficacy, such as soil treatments and controlled-release methods. Recent advancements in formulation technology have further enhanced the performance and versatility of these products, making them an increasingly attractive option for farmers who prioritize cost-effective and environmentally sustainable solutions. The growing preference for solid formulations reflects their practical advantages and effectiveness in safeguarding crops from pests, diseases, and weeds, ultimately boosting agricultural productivity.

The Asia Pacific region is expected to dominate the crop protection chemicals market share.

The dominance and rapid growth in this region are driven by its vast agricultural base and the growing need to improve crop yields to sustain a rapidly increasing population. Asia-Pacific, home to over 60% of the world's population, sees countries like China and India at the forefront of agricultural production. In these nations, agriculture plays a crucial role in the economy, making efficient crop protection solutions essential for food security and economic stability. The region's diverse climatic conditions lead to significant pest and disease challenges, further fueling the demand for effective crop protection chemicals. For example, the widespread impact of pests like the Fall armyworm has resulted in notable crop losses, encouraging governments and farmers to invest in robust pest management strategies. Additionally, the rising adoption of modern farming practices and technologies in countries such as Japan, Australia, and South Korea is driving the market for advanced crop protection products, including precision agriculture techniques that enhance the efficiency of chemical applications by reducing waste and improving effectiveness.

Industry Leaders: Crop Protection Chemicals Companies

The key players in the market include BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), Syngenta Group (Switzerland), Corteva (US),UPL (India), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), Albaugh LLC (US), Koppert (Netherlands), Gowan Company (US), American Vanguard Corporation (US), Kumiai Chemical Industry Co., Ltd (Japan), PI Industries (India), and Chr. Hansen A/S (Denmark).

Precision Fermentation Ingredients Market Size, Share, Trends, Key Drivers, and Opportunities

The global precision fermentation ingredients market size is estimated to be valued at USD 2.8 billion in 2023 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 44.0% by value. Shifting consumer preferences towards veganism, increased protein consumption, and growing investments in innovation are driving market growth. Significant advancements in genetic engineering have made it possible to reprogram microorganisms cost-effectively and sustainably through precision fermentation, leading to the development of a diverse array of specialized food protein components.

The expanding business has offered lucrative business opportunities to the players who are operating in the market segments. For instance, in May 2023, Geltor introduces CAVIANCE™, a vegan type of Il collagen polypeptide offering remarkable skin rejuvenating benefits. This innovative product stimulates six different types of collagens, exhibits potent antioxidant properties, and aids in wound healing. Other key players like MycoTechnology established a “groundbreaking” collaborative venture with Oman Investment Authority (OIA) to produce mushroom-based protein using locally cultivated dates. This joint venture will be named Vital Foods Technologies LLC. The overall Precision fermentation ingredients market is classified as a competitive market, with the top five key players, namely Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), Motif FoodWorks, and INC. (US) occupying 25-50% of the market share.

Precision Fermentation Ingredients Market Opportunities: Lower production and supply chain cost

Precision fermentation is projected to emerge as a cost-effective technology with significant potential in the alternative protein sector. By 2023-2025, it is anticipated that this technology will achieve cost parity with most animal-derived proteins. By 2030, precision fermentation-based proteins are expected to be less expensive than their animal-based equivalents. This innovative food production method will shift the focus from traditional farming to fermentation tanks, creating a more sustainable production system. As a result, manufacturers will have increased opportunities to commercially launch animal-free products.

Precision Fermentation Ingredients Market Drivers: Growing adoption of vegan as well as meat-free lifestyles

According to research conducted by The Hartman Group, the landscape of the North American precision fermentation ingredients market is poised for a transformative shift Around 40% of U.S. adults, over 90 million individuals, are ready to embrace precision fermentation products, projected to reach 132 million consumers by 2027. Younger generations are receptive due to environmental concerns and sustainability, with the second most influential factor being the positive impact on the environment. This aligns with their preference for sustainable consumption. The link between precision fermentation and sustainability, including reduced greenhouse gas emissions, natural farming, and sustainable packaging, offers innovation potential. Millennials and Gen Z are willing to pay up to 10% more for such products. This technology serves as a catalyst for a more sustainable and technologically advanced market landscape shaped by evolving consumer preferences and environmental consciousness. This trend invariably is supporting the precision fermentation ingredients market growth.

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By food & beverage application, the egg alternatives segment is projected to grow with the second-highest CAGR in the precision fermentation ingredients market during the forecast period.

The rising inclination toward vegan food has led manufacturers to introduce a variety of egg alternatives. Precision fermentation derived egg alternatives find use in baking, cooking, and food formulation. The Every Company introduced an egg protein called ClearEgg via precision fermentation in collaboration with Pressed Juicery in November 2021. In April 2021, the company increased its production capacity of egg alternatives further. In 2022, Shiru streamlined animal-free egg prototype creation using AI and machine learning. This innovative method accelerated the replication of egg properties within a plant-based framework.

By ingredient type, the whey & casein protein segment accounted for the second largest share.

The burgeoning awareness of animal-free options, veganism, and plant-based lifestyles has driven manufacturers to introduce an array of dairy-free ingredients. In the precision fermentation ingredients market, whey and casein play pivotal roles with versatile applications across industries. Companies like Modern Kitchen, based in the US, utilize precision fermentation-based whey protein from Perfect Day to produce animal-free cream cheese. The Brazilian company Up Dairy specializes in precision fermentation to create dairy ingredients, with a focus on whey protein and casein. Up Dairy employs advanced technologies such as cell line development, host strain development, target Molecule Selection, bioprocess design, and ingredient Optimization. Formo Bio's approach to crafting animal-free cheese through precision fermentation showcases the intersection of traditional practices and innovative technology. By sourcing whey and casein from microorganisms inspired by cow DNA, they tap into both heritage and innovation, providing a sustainable alternative to traditional dairy cheese.

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North America holds the highest market share during the forecast period.

North America remained the largest market for precision fermentation ingredients due to the increasing consumer awareness, consumption of healthy food ingredients, and veganism trend etc. The landscape of North American precision fermentation ingredients market is poised for a transformative shift; around 40% of U.S. adults, over 90 million individuals, are ready to embrace precision fermentation products, projected to reach 132 million consumers by 2027 (The Hartman Group). Younger generations are receptive due to environmental concerns and sustainability, with the second most influential factor being the positive impact on the environment. This aligns with their preference for sustainable consumption. The link between precision fermentation ingredients and sustainability, including reduced greenhouse gas emissions, natural farming, and sustainable packaging, offers innovation potential. Millennials and Gen Z are willing to pay up to 10% more for such products. This technology serves as a catalyst for a more sustainable and technologically advanced market landscape shaped by evolving consumer preferences and environmental consciousness.

Top Precision Fermentation Ingredients Companies

Key players in this market include Geltor (US), Perfect Day, Inc. (US), Every Co. (US), Impossible Foods Inc. (US), Motif Food Works, INC. (US), Formo (Germany), Eden Brew (Australia), Mycorena (Sweden), Change Foods (US), and MycoTechnology (US).

Agriculture Adjuvants Market Size, Share, Trends, Competitive Landscape, Regional Analysis, and Forecasts by 2028

The agriculture adjuvants industry is projected to grow from USD 3.8 billion in 2023 to USD 4.8 billion by 2028, growing at a CAGR of 4.7% during the forecast period. The agricultural adjuvants industry is growing because of the growing demand for sustainable pest management of farming operations. Additionally, the increased focus on food security is projected to fuel the development of agricultural adjuvants.

Agriculture Adjuvants Market Trends

The agriculture adjuvants market is expected to see continued growth in the coming years, driven by several key trends:

• Increasing demand for food: A growing global population with rising incomes will put pressure on food production. Adjuvants can help farmers improve crop yields to meet this demand.
• Focus on sustainable agriculture: There’s a growing emphasis on environmentally friendly farming practices. Adjuvants can help by increasing the effectiveness of pesticides, allowing farmers to use less of them.
• Precision agriculture: Advancements in agricultural technologies like precision farming are creating a need for more targeted and efficient crop protection strategies. Adjuvants can play a role here by improving the application and efficacy of crop protection products.

Agriculture Adjuvants Market Opportunities: Precision farming techniques to boost the application of adjuvants

Precision farming techniques, including aerial spraying, smart irrigation, and variable rate application, are becoming increasingly popular worldwide. Agriculture adjuvants enhance the effectiveness of these methods by improving the coverage, absorption, and penetration of agrochemicals. This optimization creates significant opportunities for adjuvant manufacturers.

Based on application, the herbicides segment accounted for the largest share of the agriculture adjuvants market.

Herbicides are widely used in agriculture for weed control. Weeds compete with crops for resources such as nutrients, sunlight, and water, leading to reduced crop yields. The rise of herbicide-resistant weeds is a significant concern in agriculture. Herbicide-resistant weed populations have been increasing globally, making weed control more challenging. To manage these challenges, agricultural adjuvants are increasingly being used.

Based on crop type, cereal & grain accounted for the fastest market share of the agriculture adjuvants market.

Cereal and grain crops, such as wheat, corn, rice, barley, and oats, are staple food crops cultivated extensively worldwide. Cereal and grain crops have high commercial value due to their widespread consumption as food, animal feed, and raw materials for various industries. The large-scale cultivation of these crops leads to significant demand for crop protection products, including adjuvants, to ensure optimal yield and quality.

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The North American market is projected to contribute the largest share of the agricultural adjuvants market.

The demand for agriculture adjuvants in North America is experiencing notable growth due to the increasing use of precision farming in the region. This creates a favorable business environment for adjuvants manufacturers and consumers in the region. North America has the presence of major agricultural adjuvants companies, that offer a wide range of products catering to different crop types and application requirements.

Agriculture Adjuvants Companies

The key players in the agriculture adjuvants market include Corteva Agriscience (US), Evonik Industries AG (Germany), Croda International Plc (UK), Nufarm Limited (Australia), Solvay SA (Belgium), BASF SE (Germany), Huntsman International LLC. (US), Clariant AG (Switzerland), Helena Agri-Enterprises, LLC (US), WILBUR-ELLIS AGRIBUSINESS (US), Precision Laboratories, LLC (US), and CHS Inc. (US). A primary focus was given to new product development to meet the growing demand from farmers. Additionally, acquisitions and deals were other key strategies adopted by these players to expand their presence in the agricultural adjuvants space.

Protein Alternatives Market Growth Drivers, Share, Trends, Opportunities, and Industry Outlook (2024-2029)

The protein alternatives market size is valued at USD 15.7 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 9.9%, reaching USD 25.2 billion by 2029. This market has seen significant expansion and diversification in recent years, fueled by a growing consumer preference for sustainable, health-conscious, and ethically produced food options. Key factors driving this growth include increasing concerns about the environmental impact of traditional animal agriculture, the health benefits of plant-based diets, and ethical considerations related to animal welfare. Major segments within the protein alternatives market encompass plant-based proteins, insect-based proteins, and microbial proteins. Brands like Beyond Meat, Impossible Foods, and Oatly have gained widespread recognition, highlighting the mainstream acceptance and growing consumer interest in these products. Additionally, technological advancements and substantial investments from both large food companies and venture capitalists have accelerated the development and availability of innovative protein alternatives.

Protein Alternatives Market Growth: Rising Demand for Alternative Protein Sources

The growing global population emphasizes the urgent need for alternative protein sources. In the last decade, substantial efforts have been directed towards developing proteins from non-traditional crops and livestock. This shift is particularly evident in Europe and North America, where consumer interest and investments in alternative proteins have significantly increased. Traditional animal protein sources like pork, beef, and chicken are anticipated to fall short of meeting future demands, opening up opportunities for the expansion of the insect protein market. Insects are not only valued for their proteins and fats but also for their rich mineral and vitamin content. Among younger consumers, especially in sports nutrition, insect proteins like cricket flour are gaining traction and are being incorporated into various nutritious food products. For example, startups like Next Step Foods in the UK produce cricket protein bars under the brand "Yuana," available in several flavors.

The transition to alternative proteins also offers environmental advantages, particularly in reducing greenhouse gas emissions compared to conventional meat production, as noted by the World Economic Forum in 2019. Additionally, the adoption of alternative proteins addresses diet-related health issues in developing nations and promotes healthier lifestyles in developed regions such as North America and Europe. These areas have already embraced alternative protein sources, including edible insects, plant-based meats, plant protein ingredients, and cultured meat. Industry experts foresee significant market growth potential for these products, with cultured and plant-based meats alone expected to grow by over 40% in the coming years.

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What factors are driving consumers to turn towards plant-based and organic protein sources?

Consumers are increasingly turning towards plant-based and organic protein sources as they become more health-conscious and environmentally aware. This shift is driven by concerns over animal welfare, sustainability, and the desire for cleaner, healthier eating options. Organic protein alternatives, such as plant-based meats, dairy substitutes, and protein-rich grains like quinoa and lentils, are gaining popularity due to their perceived health benefits and minimal environmental impact. Companies in this sector are innovating rapidly to meet rising demand, offering a diverse range of products that cater to various dietary preferences and nutritional needs. As a result, the protein alternatives market is not only expanding in size but also evolving in terms of product offerings and market reach.

Moreover, the growth in the protein alternatives market is bolstered by changing consumer behaviors and preferences towards more sustainable lifestyles. As awareness of climate change and resource depletion increases, consumers are seeking out products that align with their values of sustainability and ethical sourcing.  Protein alternatives not only offer a viable substitute to traditional animal-based proteins but also often boast certifications that ensure they are produced using environmentally friendly practices. This growing market trend is attracting investment from both established food companies and startups alike, driving further innovation and market expansion. Overall, the organic nature of the protein alternatives market reflects a broader societal shift towards healthier, more sustainable food choices, shaping the future landscape of the food industry.

Asia Pacific Dominates Global Protein Alternatives Market Share

The protein alternatives market in the Asia Pacific region is experiencing rapid growth due to increasing consumer awareness of health benefits, immunity enhancement, and environmental sustainability. The shift towards alternative protein sources reflects a growing understanding of the health benefits associated with plant-based diets, such as reduced risks of chronic illnesses and strengthened immune systems. Additionally, concerns about the environmental impact of animal agriculture, including its contribution to carbon emissions and land use, are driving consumers to embrace plant-based options. This trend is further supported by advanced food technologies that provide a wide range of plant-based protein products catering to the region's diverse culinary preferences. As a result, the Asia Pacific region is becoming a key player in the global protein alternatives market, with expectations for ongoing growth and innovation in the near future.

Top Protein Alternatives Companies

Key Market Players in this include Tate & Lyle PLC (London), Kerry Group PLC (Ireland), DSM Firmenich (Switzerland), ADM (US), Cargill Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Roquette Frères (France), Wilmar International Ltd. (Singapore), Glanbia plc (Ireland), Kerry Group PLC (Ireland), DSM-Firmenich (Switzerland), AGT Food and Ingredients (Canada), Burcon (Canada), Ynsect (France), Global bugs (Thailand), and Innovafeed (France).

Other players include BENEO GmbH (Germany), SOTEXPRO (France), Shandong Jianyuan Group (China), AMCO Proteins (US), Australian Plant Proteins Pty Ltd (Australia), NextProtein (France), Mycorena (Sweden), Burcon NutraScience Corporation (Canada), Emsland Group (Germany), COSUCRA (Belgium) and Hexafly (Ireland).

Fats and Oils Market Size, Share, Growth Drivers, Industry Outlook, and Forecast

 The global fats and oils market, estimated to be USD 271.8 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 323.7 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 3.6% during the forecast period. Current trends in dietary regimes, however, have been the major determinants of demand for particular fats and oils. Most notably, this pertains to the ketogenic keto and paleo diets. In recent years, the keto diet has been popularized for its high-fat, low-carbohydrate intake, as a method to lose weight while attaining superior levels of mental clarity and better levels of energy. It is a diet that involves high-fat intake from various oils and fats, self-induced to be in a state of ketosis, in which the body supplies its energy by burning out fats rather than carbohydrates.

According to Medical News Today, in the case of a person following the keto diet, he must derive 55%–60% of his daily calories from fat to keep himself in ketosis. Thus, recently, there has been a rush in demand for oils like coconut oil, MCT oil, and butter, all staple products within the keto community. These are oils that provide essential fats for the ketogenic diet, but they also contribute to the flavor profiles and methods of preparation that individuals following such a diet might choose.

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The butter & margarine segment, among fats types, is estimated to hold the largest share throughout the forecast period.

Butter and margarine are versatile products used in an array of applications, such as cooking, baking, and spreads. Their timeless popularity rests on the base of central roles in culinary applications, appealing taste profiles, and perceived nutritional benefits. The choice between the two products in consumer segments is mostly driven by considerations of health, taste, and diet that quite often affects the market balance. Margarines are fast gaining momentum in the global market. Several factors make them an attractive option for consumers and food industries combined. Large-scale commercial production of margarine happens to be one major reason attributed to this growth at cheaper costs compared to butter, hence making it a much-preferred choice among cost-sensitive consumers and food manufacturers.

Another major factor for the rise in margarine demand is the growth of the bakery and confectionery markets. These industries vastly depend on margarine, as it is an all-purpose ingredient with functional properties that enable the production of a great variety of different bakery and confectionery products. The solid fat content, consistency, and melting point of fats used in margarine are of critical importance for its performance for various culinary purposes; hence, margarine is an indispensable ingredient in industry.

The liquid category within the fats and oils segment maintains a significant position throughout the forecast period.

Most vegetable oils, such as olive oil, canola oil, sunflower oil, and other related oils derived from plants, are generally regarded as healthier than solid fats because of their lower content in saturated fat and higher presence of unsaturated fats. Most of these plant-based oils have different health impacts, which include improved heart health and a reduction in the levels of cholesterol—messages that easily appeal to the health-conscious consumer.

Moreover, new tastes and new foodstuffs emerging in the food industry are contributing to the popularity of liquid oils. Liquid fats become favourite for a myriad uses, starting from cooking and frying to dressings and baking. With its ease of use and flavor- and texture-enhancing ability in foods, it is now one of the major ingredients used in homes and commercial food manufacturing.

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In Asia Pacific, China is poised to maintain its dominant position within the fats & oils market throughout the forecast period.

China stands as one of the world's major consumers of cooking oil, alongside Europe and the United States. In 2022, according to the Malaysian Palm Oil Council, total oils and fats consumption in China was estimated to have dropped for the very first time ever by 5.5% in 2022 to 39.49 million metric tons. Although this indicates a drop in consumption, the total volume still reflects the huge consumption in China.

China consumes several types of edible oils in abundance, of which soybean oil comes at the top and presents a bigger market share. Regional staple oil consumption differences reflect the wide range of culinary diversity in the country. On top of that comes the trend of Western oils and fats, represented by olive oil and butter, reflecting changing consumer preferences in diversified diets.

It also shows something about consumption patterns: dietary habits and health awareness. As China Food Hygiene Magazine has reported, 50.72 percent of adults, from ages 18 to 59, consume more cooking oil than the recommended maximum intake of 30 grams per person per day. For consumption rates, the highest ranking ones are rapeseed oil, peanut oil, and sesame oil; for volume, it is rapeseed oil, peanut oil, and soybean oil. Hence, growing health concerns and significant cultural, economic, and lifestyle drivers in China ensure its continued dominance in the Asia Pacific fats and oils market.

The key players in the market are ADM (US), Wilmar International Ltd (Singapore), Cargill, Incorporated (US), Bunge (US), Kaula Lumpur Kepong Berhad (Malaysia), Olam Agri Holdings Pte Ltd (India), Manildra Group (Australia), Mewah Group (Singapore), Associated British Foods plc (UK), United Plantations Berhad (Malaysia), Fuji Oil Co., Ltd. (Japan), Oleo-Fats (Philippines), Borges Agricultural and Industrial Edible Oils, S.A.U. (Spain), K S Oils Limited (India), CSM Ingredients (US), SD Guthrie International Zwijndrecht Refinery B.V. (Netherlands), Musim Mas Group (Singapore), Richardson International Limited (Canada), and AAK AB (Sweden).

Sustainable Growth Opportunities in the Lycopene Market

The lycopene market is estimated to be valued at USD 126 million in 2020 and is projected to reach USD 161 million by 2025, at a CAGR of 5.0% during the forecast period. The increasing number of benefits offered by lycopene in preventive healthcare and its rising applications in an array of industries across the globe are projected to exponentially grow the lycopene market in the coming years.

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Lycopene is a carotenoid that gives some fruits and vegetables their red color. Lycopene is majorly present in tomato species known as Solanum lycopersicum, mostly found in Central and South American regions. It is a carotenoid and a phytonutrient substance, and is an essential antioxidant for the human body, which helps in protecting from degenerative diseases. Further, lycopene studies are associated with the prevention of diseases and conditions, including hypothesis, a number of cancers (prostate cancer, digestive tract cancer, bladder cancer, skin cancer, breast cancer, gastric cancer, and cervical cancer), cardiovascular diseases, osteoporosis & other bone disorder, male infertility, hypertension, and other human diseases; it is used in the treatment of various diseases such as human papilloma virus (HPV) infection, asthma, gingivitis, and cataracts, which has resulted in the significant expansion of the lycopene market over the last few years.

Lycopene can be sourced from synthetic as well as natural sources, and based on the source, the price and application of lycopene vary. The properties of lycopene are, however, independent of its source. The growing health concerns due to the consumption of synthetic ingredients have been restraining its adoption. Hence, the manufacturers have been shifting their product offering from synthetic sources to naturally extracted ingredients, and this trend has been witnessed to be true in the lycopene market as well.

Traditionally, the application of lycopene was limited to its use as a coloring agent. However, multiple clinical studies have proved its antioxidant and anti-inflammatory properties, and hence, the application of lycopene has broadened in multiple application industries. As a result, the application of lycopene has been growing as a health ingredient in the dietary supplement and functional food industries.

The lycopene market is growing exponentially in the Asia Pacific region, owing to the established manufacturers and the organized food industry in the region. Although the lycopene market was dominated by Europe, the market in Asia Pacific is projected to witness the highest growth rate due to its large population base and changing food consumption trends in emerging economies. Developing countries such as China, India, Indonesia, and Thailand have shown rapid growth in the dietary supplement and food industries. Also, the application of lycopene in the personal care & cosmetic industry is witnessing growth in these countries due to rising temperature and climatic conditions, causing the market to grow exponentially.

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Many domestic and global players provide lycopene as an ingredient across the world, making it a fragmented market. Major players have their presence in the Asia Pacific region, primarily in Chinese and Indian countries. Key players operating in this market include Allied Biotech Corporation (China), Lycored (Israel), DSM (Netherlands), Wellgreen Technology Co Ltd (China), Divi’s Laboratories (India), San-Ei Gen F.F.I., Inc (Japan), Dangshang Sannuo Limited (China), DDW (US), Döhler (Germany), Farbest Brands (US), Zhejiang NHU CO. Ltd (China), EID Parry (India), Shaanxi Kingsci Biotechnology Co. Ltd (China), Vidya Herbs (India), Xi'an Pincredit Biotech Co Ltd (China), Hunan Sunshine Bio-Tech Co.Ltd (China), Xi'an Natural Field Bio-Technology Co.,Ltd (China), Plantnat  (China), SV AgroFoods (India), and Plamed Green Science Group (China).

Upcoming Growth Trends in the Rodenticides Market

The rodenticides market size is projected to reach USD 7.7 billion by 2029 from USD 5.8 billion by 2024, at a CAGR of 5.9% during the forecast period in terms of value. The occurrence of rodent infestations across diverse environments, encompassing urban, agricultural, and industrial landscapes, impacts the demand for rodenticides. Variables like climate change, urbanization, and alterations in land use patterns can influence rodent populations, resulting in fluctuations in pest pressure and necessitating the use of rodenticide solutions.

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Spraying to hold the second-largest share in the mode of application segment.

Spray type of mode of application is projected to hold the second-largest share in the mode of application type segment of the rodenticides market. The application of pesticides through spraying may inadvertently impact rodent populations. For instance, if rodents ingest plants or insects treated with pesticides, they might consume toxic residues, resulting in either direct fatalities or weakened individuals. Consequently, this scenario may spur a heightened demand for rodenticides as an additional measure to manage rodent populations indirectly influenced by spraying.

The Urban Centers segment is expected to hold the largest market share in the end use segment of the rodenticides market.

Urban environments, characterized by dense human populations, offer ample food sources and shelter for rodents. The proximity of buildings, infrastructure, and waste management systems creates optimal conditions for rodent infestations to proliferate. In urban environments, a multitude of structures, including buildings, sewers, and subway systems, serve as shelter and nesting sites for rodents. Structural imperfections such as cracks and crevices in buildings provide entry points for rodents, facilitating their access to indoor spaces and heightening the risk of infestations.

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North America will dominate the rodenticides market during the forecast period.

North America has over 400 species of rodents, many of which have adapted to human environments and are considered pests in urban, agricultural, and forestry settings. Climatic changes, such as mild winters and warm springs, have fueled the reproduction and survival of certain rodent species, leading to outbreaks like that of house mice in the US. Major service providers report that approximately 60% of the global servicing market is attributed to North America, encompassing the United States, Canada, and Mexico. Rollins, Inc., Rentokil Initial plc, and Ecolab emerge as leading companies in this market segment, owing to the proliferation of services in the US and the high urbanization rates in both the US and Canada. These factors have led to an increase in rodenticide application in North America.

The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), UPL (India), Neogen Corporation (US), Anticimex  (Sweden), Ecolab (US), Rentokil Initial plc (UK), Senestech, Inc. (US), Rollins, Inc. (US), Liphatech, Inc. (US), JT Eaton & Co., Inc. (US), PelGar International (UK), Bell Laboratories Inc. (US), and Abell Pest Control (Canada). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, supported by manufacturing facilities and well-established distribution networks spanning across these regions.

Rodenticides Industry News

• In May 2023, World Pest Control collaborated with Rentokil North America. World Pest Control has been serving residential and commercial customers for 69 years. The company is dedicated to providing pest control services that protect homes, families, and businesses.
• In January 2022, Syngenta Crop Protection completed the acquisition of two bioinsecticides NemaTrident and UniSpore, from UK-based Biomema Limited, which is one of the foremost players in bioprotection technology development. This acquisition would help the company strategize new developments under its pest management vertical.