Global Seed Coating Materials Market

The agricultural implement market consists of sales of farm machinery and equipment, and lawn and garden tractor and home lawn and garden equipment by entities (organizations, sole traders, or partnerships) that produce agricultural implements, including combines, cotton ginning machinery, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm -type) poultry brooders, feeders and waterers, power lawnmowers, snowblower and throwers (residential-type) tractors and attachments (lawn and garden-type and farm-type). The main types of agriculture implement are farm machinery and equipment, lawn and garden tractors, and home lawn and garden equipment. The farm machinery and equipment refer to the machinery that is used for the farm. The various operations include autonomous, and semi-autonomous, manual. These various capacities include small, medium, and large. These are used in land development and seedbed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro-processing. The global agricultural implement market size is expected to grow from $224.71 billion in 2021 to $247.48 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The global agricultural implement market size is expected to grow to $349.6 billion in 2026 at a CAGR of 9.0%. The agricultural implement manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the agriculture implement market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the agriculture implement market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smartphone. These technologies are known to considerably increase farm output and decrease labor costs. For instance, according to a report by Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and reduce farm labor costs. Companies offering driverless tractor and robot technologies including CNH Industrial, Deere, and AGCO have already started developing such technology. Major companies in the agricultural implement market include Deere & Company, Kubota Corp, CNH Industrial NV, AGCO Corporation, EXOR Group, Claas KGaA mbH, The Toro Company, Tetra Laval International S.A, Bucher Industries AG, and Techtronic Industries Co. Ltd. Asia Pacific was the largest region in the agricultural implement market in 2021. North America was the second largest region of the global agricultural implement market. The regions covered in the global agricultural implement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agricultural implement market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global agricultural implement market is segmented - 1) By Type: Farm Machinery and Equipment, Lawn and Garden Tractor and Home Lawn and Garden Equipment 2) By Operation: Autonomous, Semi-Autonomous, Manual 3) By Capacity: Small, Medium, Large 4) By Application: Land Development and Seed Bed Preparation, Sowing and Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-Harvest and Agro Processing Subsegments Covered: Cotton Ginning Machinery, Feed Processing Equipment, Fertilizing Machinery, Haying Machines, Milking Machines, Planting Machines, Plows, Poultry Brooders, Feeders, and Waterers, Combines (i.e., Harvester-Threshers), Other Farm Machinery and Equipment, Push Lawn Mowers, Riding Mowers, Other Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing

The farm machinery and equipment market consist of sales of farm machinery and equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing agricultural and farm machinery and equipment, and other turfs and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type). Only goods and services traded between entities or sold to end consumers are included. The main types of farm machinery and equipment market are cultivator, rotator, chisel plow, harvester, roller, field sprayer and spreader, irrigation system, livestock equipment, tractors, and other types. Chisel plow refers to a soil tillage device pulled by a tractor or animal, used to break up and stir soil a foot or more beneath the surface without turning it. The capacities are small, medium, large. The operation is manual, semi-autonomous, and fully autonomous. The various applications involved are spraying, water supply and conservation, cultivation, harvesting, seeding, weeding, livestock farming, and other applications. The global farm machinery and equipment market size is expected to grow from $194.91 billion in 2021 to $215.45 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global farm equipment market size is expected to grow to $308.66 billion in 2026 at a CAGR of 9.4%. The integration of Internet of Things (IoT) applications in farm equipment is expected to drive the market of farm machinery and equipment market. The world's population will surpass 9 billion people by 2050. Farmers need access to better instruments and practices that will help them to deliver more agricultural products in less time. Farmers need to adopt new and modern technologies to produce food for the ever-expanding population. For instance, the utilization of a smart greenhouse that operates with the help of IoT enables monitoring and controlling of climate without human intervention. The IoT sensors in the smart greenhouse provide information on the light levels, pressure, humidity, and temperature and also control the actuators automatically to open a window, turn on lights, control a heater, turn on a mister, or turn on a fan. Therefore, IoT help increase production with reduced labor and drives the farm machinery and equipment market. Eco-friendly electric tractors are likely to be an emerging trend in the farm machinery and equipment market. Eco-friendly tractors operate through electronic batteries that can be recharged simply by plugging them into a standard socket and don’t require any kind of fuel that creates air pollution. There are also many tractors where farmers can install wind or solar power to produce electricity to charge the tractor’s batteries. For instance, in India, in March 2020, a startup company Celestial E-Mobility launched an electric tractor, which is not only eco-friendly and cost-effective but also gives the same power as that of its diesel counterpart and is available cheaper than diesel tractors. The zero-emission tractor features battery swapping, regenerative braking, and also helps to power an UPS. In October 2020, Escorts, an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment acquired a 40 % stake in Kubota agricultural machinery for an undisclosed amount. This acquisition will raise Kubota’s stake in the Indian company to 14.99% from 9.09%, Escorts. Kubota is an India-based agricultural machinery manufacturer. Major players in the farm machinery and equipment market are AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V, Escorts Group, ISEKI & Co. Ltd, John Deere (Deere & Company), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), and Valmont Industries Inc. Asia Pacific was the largest region in the farm machinery and equipment market in 2021. North America was the second largest region in the global farm machinery and equipment market. The regions covered in the global farm machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the farm machinery and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global farm machinery and equipment market is segmented - 1) By Type: Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer and Spreader, Irrigation System, Livestock Equipment, Tractors, Others 2) By Capacity: Small, Medium, Large 3) By Operation: Manual, Semi-Autonomous, Fully-Autonomous 4) By Application: Spraying, Water Supply and Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Others

The autonomous agriculture equipment market consists of sales of autonomous agriculture equipment and related services. The autonomous agriculture equipment include farming equipment such as autonomous tractors, harvesters, tiller, seed drill and others. The autonomous agriculture systems use advanced electronics and navigation systems to increase efficiency and accuracy in agriculture.

The global autonomous agriculture equipment market was valued at about $1.02 billion in 2018 and is expected to grow to $1.2 billion at a CAGR of 4.0% through 2022.

The growing popularity of precision farming techniques drives the autonomous agriculture equipment market. Precision farming helps to improve the yield by allowing the farmers to use the correct amount of inputs such as water, fertilizer, chemical controls or seeds. Autonomous farm equipment aids precision farming by utilizing the geographical location and crop data in real time for better decision making. In 2016, According to European Agricultural Machinery Association (CEMA), around 70-80% of new farm equipment sales in Europe incorporated some form of precision agriculture component technology. The research also states that 4,500 manufacturers are producing 450 different types of advanced farming machines, turning over around €26 billion annually contributing to the growth of the autonomous agriculture equipment manufacturing. The rising demand for implementation of precision farming drives the production of autonomous agriculture equipment.

The excess use of autonomous agriculture equipment may lead to environmental damage. The application of continuous strength on the soil caused by the excess use of heavy machinery on farming land may threaten soil productivity by gradually reducing fertility of the soil. With a desire to increase the productivity of the soil, the autonomous agricultural machinery are intensively used even in favorable soil conditions. This makes the soil hard by reducing the air content between the soil particles, and cause roots to exert greater force to penetrate the lower layers for nutrients, eventually lowering the farm yield. Furthermore, any failure in the software or hardware used in automatic agriculture machines may result in failure of the machine to detect the degree of soil strength, appropriate amount of water and pesticides required which leads to degradation of soil quality.

Construction companies are increasingly offering unmanned aerial vehicles such as drones to provide accurate land surveys, plan productivity, monitor and inspect crops, and improve communication. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution camera and algorithms for capturing videos and pictures. It offers 360-degree experiential recording experience with minimum human intervention. Drones are equipped with advanced technology, multi-spectral imaging cameras to facilitate irrigation, monitor and plant crops, detect the condition of crops, fields, and livestock in large fields, and deliver pesticides. Some of the companies using drones to disrupt the agriculture industry are Drone Seed, American Robotics, Skycision, Top Flight Technologies, HoneyComb, SLANTRANGE and others for enhanced mapping, surveying, data collecting, processing, and transferring, and make reforestation easier to accomplish.

The OSHA (Occupational Safety and Health Administration) regulations of California, USA prohibits driverless machinery and technologies on the farm to ensure farm worker safety. This federal OSHA regulation of California includes driverless prohibition and has laid down some guidelines for self-propelled mobile equipment use. The driverless technologies on the farm are restricted unless an operator remains at the wheel with all the steering controls, brake and throttle controls. Furthermore the equipment should be within easy reach of the operator`s station and should not travel more than two miles per hour ground speed. Such regulations including driverless technology prohibition act as an obstacle for autonomous farm technology and equipment market.

Major players in the autonomous agriculture equipment market are John Deere, Case IH, AGCO, Agrobot and Autonomous Tractor Corporation.

The biostimulants market consists of the sale of biostimulants and related services. Biostimulants are substances or microorganisms which enhance plant growth when applied in small amounts by increasing the nutrient absorbency rate of plants without any adverse effect on the plants. It helps the plant to tolerate abiotic stress and also increases crop productivity. The chemical origin of biostimulants includes natural and biosynthetic biostimulants. The biosynthetic biostimulants are defined as the microorganisms that are applied to plants for enhancing their abiotic stress tolerance, nutrition efficiency, and quality traits. The main active ingredients of biostimulants are humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts, and other active ingredients. The various applications of biostimulants are foliar, soil, seed, and other applications. The global biostimulants market size is expected to grow from $2.58 billion in 2021 to $2.85 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The global biostimulants market size is expected to grow to $4.33 billion in 2026 at a CAGR of 11.1%. The biostimulants market covered in this report is segmented by chemical origin into natural, biosynthetic. It is also segmented by active ingredients into humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts, others, and by application into foliar, soil, seed, others. The growth of sustainable agriculture is expected to drive the growth of the biostimulant market. There is an increased focus on sustainable agriculture due to deteriorating factors such as soil degradation, water scarcity, climate change, and also the burden to produce high crop yields to meet the demand. In sustainable agriculture, the use of artificial products like fertilizers and pesticides is prohibited since it degrades soil and harms the environment. Biostimulants on the other side increase the simulation power of the plants to absorb nutrients and help in handling the abiotic stress. The United Nations' sustainable development goals for 2030 have a special focus on sustainable agriculture. The use of biostimulants to grow crops free of pesticides and fertilizers also help in growing crops under unusual conditions. According to the study on biostimulants and their role in improving plant growth under abiotic stresses published in November 2019, a biostimulant CROP+, when incorporated into tomato plants in water stress conditions through foliar, caused increased indices in tomato plant due to the antioxidants. The use of biostimulants helps grow various crops under stress conditions, supporting sustainable agriculture, and thereby driving the biostimulants market. Uncertainty of the legal framework in biostimulants is expected to hinder the biostimulants market. Documentation on the labeling and efficacy of biostimulants is not available and definitions of biostimulants are different worldwide. According to a report on Plant Biostimulant Regulatory Framework: Prospects in Europe and Current Situation at International Level 2019, there is no harmonized regulatory process for biostimulants which caused unhealthy competition among the competitors. An executive director of Portfolio Strategy and Regulatory Affairs, Actagro (Fresno, CA) has stated that some agronomic claims are not considered by regulators though they are proven and make labeling claims vague. Thus, an uncertain legal framework hinders the biostimulant market. Companies in the biostimulants market are coming up with innovative products to meet the demand and requirements of the customers and have an edge over the competitors. Mainly, start-ups are entering the market with new products. Futureco Bioscience, a Spanish agro-biotechnology company, has come up with Radisan in May 2019. It strengthens the roots and general structure of the plant. In February 2019, Italpollina, an Italy-based biotechnology solution provider for agriculture has introduced Tandem, which develops the roots and also strengthens the plant’s resistance against harsh conditions. In April 2019, Italpollina Inc., an Italy-based biotechnology company, has acquired Horticultural Alliance Inc. for an undisclosed amount. This transaction helps Italpollina Inc. to enter the landscape and nursery market in North America. Horticultural Alliance Inc. is a Florida-based company that provides organic products such as water management gels, biostimulants, and beneficial bacteria for plant growth and maintenance. Major players in the biostimulants market are BASF, Bayer CropScience, Novozymes A/S, Koppert Biological Systems, Verdesian Life Sciences, Lallemand Plant Care, Valagro, Syngenta, West Coast Marine Bio-Processing Corp, and Italpollina S.p.A. Asia Pacific was the largest region in the biostimulants market in 2021. North America was the second-largest region in the global biostimulants market. The regions covered in the global biostimulants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the biostimulants market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global biostimulants market is segmented - 1) By Chemical Origin: Natural, Biosynthetic Biostimulants 2) By Active Ingredient: Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, Other Active Ingredients 3) By Application: Foliar, Soil, Seed, Other Applications

The chemical fertilizers market consists of the sales of fertilizers by entities (organizations, sole traders, or partnerships) that produce nitrogenous or phosphatic fertilizer materials, produce fertilizers from sewage or animal waste, manufacture nitrogenous or phosphatic materials and mix with other ingredients into fertilizers, and/or mix ingredients made elsewhere into fertilizers. The main types of chemical fertilizers are nitrogen fertilizer, phosphate fertilizer, and potash fertilizer. Nitrogen fertilizer is a substance, like manure or a mixture of nitrates, added to soil or water to increase its productivity. The crop categories are cereals, oilseeds, vegetables, fruits, and other crop categories. The forms are solid, liquid, and gaseous. The product types are complex fertilizers, dap, mop, urea, ssp, and other product types. The methods of application are broadcasting, drop spreading, fertigation, and foliar spray. The global chemical fertilizers market size is expected to grow from $146.7 billion in 2021 to $160.15 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The global chemical fertilizers market size is expected to grow to $223.74 billion in 2026 at a CAGR of 8.7%. Farmers all around the world are adopting intensive farming techniques to increase productivity per hectare. Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through various means, such as heavy use of pesticides and chemical fertilizers. These techniques help to meet the rising demand for food of the growing population and help to prevent food shortages. Some intensive farming techniques, such as monoculture, drive the demand for fertilizers. Monoculture is a practice of growing one type of crop intensively over a large area, thus depleting nutrients in the soil and making it heavily dependent on synthetic fertilizers. The fertilizers market is likely to be affected by the rising use of bio-fertilizers due to the adverse impact of synthetic fertilizers on soil and other environmental concerns. A bio-fertilizers contains living microorganisms such as bacteria, fungi, and algae, which are capable of fixing atmospheric nitrogen or converting soluble phosphate and potash in the soil into forms available to the plants. Bio-fertilizers promote growth in plants by increasing the supply or availability of primary nutrients to the host plant. The use of bio-fertilizers was further augmented by the negative impacts of prolonged use of chemical fertilizers on the soil. Phosphorus is being recovered from sewage, manure, and other sources and made available as a fertilizer. Since phosphorus is a finite source, companies are looking for ways to recycle or recapture phosphorus to be used in agriculture. Plant-available phosphorus content is increased through anaerobic digestion and composting and in sludge from sewage through acid treatment and oxidizing. According to research conducted by the Luke Research Agency, Finland, manure, and sludge when treated appropriately can provide more phosphorus than traditional inorganic fertilizers. Major companies in the chemical fertilizers market include Sinopec Limited, Yara International ASA (ADR), Guardian Industries LLC, Nutrien Ltd, Marubeni, Mitsui, BASF SE, CF Industries Holdings Inc, Israel Corp Ltd, and Sinofert Holdings Limited. Asia Pacific was the largest region in the chemical fertilizers market in 2021. North America was the second-largest region in the global chemical fertilizers market. The regions covered in the global chemical fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemical fertilizers market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The global chemical fertilizers market is segmented - 1) By Type: Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer 2) By Crop Category: Cereals, Oilseeds, Vegetables, Fruits, Other Crop Categories 3) By Method of Application: Broadcasting, Drop Spreading, Fertigation, Foilar Spray 4) By Form: Solid, Liquid, Gaseous 5) By Product Type: Complex Fertilizers, DAP, MOP, Urea, SSP, Other Product Types

The crop production market consists of the sale of crops by entities (organizations, sole traders, and partnerships) that produce crops including farms, market gardens, and nurseries, primarily engaged in growing crops, plants, vines, or trees and their seeds. This market includes crop sales from mixed farms (e.g. cash crops and livestock together in the same farms). This market excludes processed crop grain products such as flour and other products. This market also excludes the proceeds from the captive (internal) consumption of the crop produced for further processing. The main types of crop production are grain farming, oilseed farming, fruit and nut farming, vegetable farming, general crop farming, greenhouse, nursery, and flowers. Nursery refers to a place where plants are grown for transplanting, for use as stock for budding and grafting, or sale. The farming processes are organic farming and traditional farming. The various applications included food and beverages, and fodder. The global crop production market size is expected to grow from $4,763.91 billion in 2021 to $5,334.72 billion in 2022 at a compound annual growth rate (CAGR) of 12.0%. The global crop production market size is expected to grow to $8,231.45 billion in 2026 at a CAGR of 11.5%. Shortage of labor and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots or agribots. Agribots are used in farmlands for pruning, weeding, and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients, and harvesting. For instance, Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor. Major companies in the crop production market include Cargill Incorporated, Bayer AG, Bunge Limited, Corteva Inc, UPL Limited, Total Produce plc, Fresh Del Monte Produce Inc, Grupo Amaggi, Olam International, and Seaboard Corporation. Asia-Pacific was the largest region in the crop production market in 2021. Western Europe was the second largest region in the global crop production market. The regions covered in the global crop production market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the crop production market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The global crop production market is segmented - 1) By Type: Grain Farming, Oilseed Farming, Fruit and Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, and Flowers 2) By Farming Process: Organic Farming, Traditional Farming 3) By Application: Food and Beverages, Fodder Subsegments Covered: Dry Pea and Bean Farming, Wheat Farming, Other Grain Farming, Soybean Farming, Other Oilseed Farming, Orange Groves, Citrus Groves, Non-Citrus Fruit and Tree Nut Farming, Chillies and Peppers, Potatoes, Lettuce and Chicory, Tomatoes, Cauliflowers and Broccoli, Onions, All Other Vegetables, Tobacco Farming, Sugar Beet Farming, Sugarcane Farming, Cotton Farming, Other Miscellaneous Crop Farming, Food Crops Grown Under Cover, Nursery and Floriculture Production

The fungicides market consists of sales of fungicides. Fungicides control fungal diseases by killing or inhibiting fungi or fungal spores. Fungi can cause serious damage in agriculture, resulting in critical losses of yield, quality, and profit. Tea tree oil, cinnamaldehyde, and nimbin are examples of natural fungicides. The main types of fungicides are synthetic fungicides and bio-fungicides. Fungicides control fungal diseases by killing or inhibiting fungi or fungal spores. The active ingredients involves are dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins, and other active ingredients that are used for seed treatment, soil treatment, foliar spray, chemigation, and post-harvest. The various applications are cereals and grains, oilseeds and pulses, fruits and vegetables, and other applications. The global fungicides market size is expected to grow from $19.32 billion in 2021 to $20.64 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The global fungicides market size is expected to grow to $26.09 billion in 2026 at a CAGR of 6%. Farmers globally are adopting intensive farming techniques to increase productivity per hectare, driving the demand for pesticides and other agricultural chemicals. Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through means such as heavy use of pesticides and chemical fertilizers. These techniques help to meet the rising demand for food from the growing population and prevent food shortages. Intensive farming techniques such as monoculture drive the demand for pesticides. Monoculture is the practice of growing one type of crop intensively over a large area, depleting the nutrients in the soil and making it heavily dependent on pesticides. The rising demand for organic food products is expected to negatively impact the fungicides market. This can be attributed to the changing lifestyles and increasing preference for organic food. Organic food products are derived through farming systems without the use of fungicides. According to the 2020 Organic Industry Survey released by the Organic Trade Association, U.S. organic food sales hit $50.1 billion in 2020, up 4.6% from 2019. Similarly, in 2019, the sales of organic food and drinks in the UK rose by 4.5% to $3.28 billion (£2.45 billion). Rising demand for organic food products will limit the use of fungicides in crop production, restricting the growth of the fungicides market. Developing agricultural countries, including China, Brazil, and India, are experiencing increasing demand for inorganic fungicides due to their lower prices than organic fungicides. Other factors driving this market include rapid population growth, depleting cultivable land, lack of proper regulations, and increasing demand for quality fruits and vegetables. Inorganic fungicides are manufactured from abundantly available and easily produced elements, making the product significantly cheap. Farmers in developing regions procuring inorganic fungicides in large quantities are expected to drive the market in the forecast period. In December 2019, Gowan Crop Protection Limited, an affiliate of Gowan Company which is a family-owned agricultural solutions provider, acquired rights of Bayer AG’s active ingredients Fenamidone and Pencycuron for an undisclosed amount. The acquisition includes product registrations and trademarks including Consento, Reason, Monceren, and Prestige, and related intellectual property and labels for both fungicides. Bayer AG is a German multinational pharmaceutical and life sciences company. Major players in the fungicides market are Adama Agricultural Solutions Ltd, American Vanguard Corporation, BASF SE, Bayer Cropscience AG, Bioworks Inc, Dow Agrosciences LLC, DuPont, FMC Corporation, Marrone Bio Innovations Inc., and Monsanto Company. Asia Pacific was the largest region in the fungicides market in 2021. South America was the second-largest region in the global fungicides market. The regions covered in the global fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fungicides market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The global fungicides market is segmented - 1) By Type: Synthetic Fungicides, Bio-fungicides 2) By Active Ingredient: Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, Other Active Ingredients 3) By Treatment: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest 4) By Application: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications

The genetically modified crops market consists of sales of genetically engineered crops and related services. The term genetically modified refers to the transfer of genes between organisms using a series of laboratory techniques known as recombinant DNA technology. Genetically modified (GM) or genetically engineered crops are plants with new trait which does not occur naturally such as resistance to pests, improved nutrient profile, reduction in spoilage, and resistance to chemical treatments. The GM crops which are grown commercially include sugar beet, papaya, maize, potato, oilseed rape, cotton, and others. The main trait types of genetically modified crops are herbicide tolerance (HT), insect resistance (IR), stacked traits (ST), and others. The main types of crops are soybean, cotton, maize, oilseed rape, tobacco, and others. The techniques used in genetically modified crops are gene guns, electroporation, microinjection, agrobacterium, and other techniques. The types of modification are transgenic, cis-genic, sub-genic, and multiple trait integrations that are applied in scientific research and agriculture crops. The global genetically modified crops market size is expected to grow from $19.7 billion in 2021 to $21.05 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The global genetically modified crops market size is expected to grow to $26.35 billion in 2026 at a CAGR of 5.8%. The genetically modified (GM) crops have traits such as insect tolerance and herbicide tolerance that contribute to the high demand for such genetically modified crops market. Other benefits offered by genetically modified crops include high nutritional value, improved yield, and longer shelf life. Owing to these reasons, farmers are resorting to GM crops to increase their yields and profits. According to the U.S. Department of Agriculture (USDA), genetically engineered insect-resistant cotton has helped for a significant reduction in the use of synthetic pesticides that are contaminating groundwater and the environment. The environmental concerns and benefits offered by GM crops propel the demand for the genetically modified crops market over the forecast period. The exponential increase in population around the globe drives the need to implement genetically modified crops. Farmers have to adopt new technologies to produce crops that can meet the demand of the growing population. GM crops help reduce food loss and waste, improve soil and water management, and improve the yield alongside protecting the environment. According to the UN, it is expected that the world population will be around 10 billion by 2050. Genetically modified crops are thereby important to feed this growing population and maintain food security. Stringent regulations imposed on the approvals of GM crops limit the growth of the genetically modified crops market during the period. For instance, in India, only Bt Cotton is permitted by the government for cultivation. Genetically modified brinjal was not approved by the environment ministry. Therefore, the stringent regulations imposed by the government of various countries on the approvals of GM crops impact the growth of the genetically modified crops market. In September 2019, Bayer CropScience Limited completed the acquisition of Monsanto India Limited for an amount of $63 billion. This acquisition was aimed towards expanding Bayer’s business and consumer base in India. The companies plan to retain the brand name of Monsanto products with their inclusion under Bayer’s product portfolio. Monsanto India Limited was founded in 1949 and was a subsidiary of Monsanto, a research-based biotechnology company based in the USA before the acquisition. Major players in the genetically modified crops market are Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont, Groupe Limagrain, JR Simplot Co, JKAgri Genetics Ltd, Maharashtra Hybrid Seed Company (MAHYCO), and Calyxt Inc. North America was the largest region in the genetically modified crops market in 2021. South America was the second largest region in the global genetically modified crops market. The regions covered in the global genetically modified crops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the genetically modified crops market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global genetically modified crops market is segmented - 1) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Others 2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, Tobacco, Others 3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Others 4) By Type of Modification: Transgenic, Cis-genic, Sub-genic, Multiple Trait Integration 5) By Application: Scientific Research, Agriculture Crops