Hungary Crop Protection Chemicals Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hungary Crop Protection Chemicals Market Analysis
Hungary Crop Protection Chemicals Market is projected to grow at a CAGR of 8.7% during the forecast period (2020-2025). The crop protection chemical industry in the region has been transforming over the years, with robust growth, coupled with changing crop mix trends, and environmental regulations. Growing population, declining arable land, food security, and the need for augmented agricultural productivity are the significant factors, which are driving the demand for higher agricultural output, thus augmenting the growth of the pesticide industry in Hungary. Increasing R&D costs and the ban on certain pesticides are some of the vital factors, which act as restraints to the market.
Hungary Crop Protection Chemicals Market Trends
This section covers the major market trends shaping the Hungary Crop Protection Chemicals Market according to our research experts:
Escalated Adaptation of Biopesticides
Owing to the escalating demand for food safety and quality, biopesticides are gaining popularity over their synthetic counterparts. Relatively low R&D costs associated with the former is also a major factor that is driving the biopesticides market. According to Ecology & Farming Magazine, Hungary offers good conditions for organic production, many of its low-intensity agricultural areas such as pastures, meadows, and fallows are free from agro-chemicals, encouraging the use of biopesticides. More than 2000 enterprises produce organically certified food, whose demand is rising every year in the country. This inclination towards bio-based agricultural products is likely to aid the growth of the crop protection chemicals market in the country.
Recurring Instances of Pest Attacks on Important Crops
Hungary's most important crops include corn, wheat, sugar beets, barley, potatoes, and sunflower seeds. The number of pests in different crops in the country is rising, and there is a tremendous increase in the number of insecticide-resistant pests. Insecticides can be used to control a variety of pests, however, over time, they lose their effectiveness, as pests develop resistance, a significant decrease in sensitivity to a pesticide, which reduces the field performance of the pesticides. Reliance on insecticide-based pest management of insect pests often leads to the development of insecticide resistance. However, the resistance to insecticides is going to encourage the insecticides market, as this implies that there would be constant research to develop newer variants of products, boosting product launches, and furthering the revenues of the operating companies, enhancing the overall crop protection chemicals market in the country. Ban on the production of GMO plants in the region is also likely to aid in the growth of the crop protection chemicals market during the forecast period.
Hungary Crop Protection Chemicals Industry Overview
Hungary crop protection chemicals market is highly competitive with major international players such as Bayer AG, UPL Limited, Ori Agro and Nufarm Limited occupying a major share in the region. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.
Hungary Crop Protection Chemicals Market Leaders
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Bayer AG
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Oro Agri
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UPL Ltd
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Nufarm Ltd
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Belchim Crop Protection
*Disclaimer: Major Players sorted in no particular order
Hungary Crop Protection Chemicals Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Mode of Action
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5.1.1 Herbicide
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5.1.2 Fungicide
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5.1.3 Insecticide
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5.1.4 Nematicide
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5.1.5 Molluscicide
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5.1.6 Others
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5.2 Origin
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5.2.1 Synthetic
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5.2.2 Bio-based
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5.3 Application
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5.3.1 Grains and Cereals
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5.3.2 Pulses and Oilseeds
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5.3.3 Fruits and Vegetables
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5.3.4 Commercial Crops
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5.3.5 Turf and Ornamentals
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Agrokemia
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6.3.2 Bayer AG
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6.3.3 Belchim Crop Protection
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6.3.4 UPL Ltd
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6.3.5 Oro Agri
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6.3.6 Nufarm Ltd
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6.3.7 Bold agro
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Hungary Crop Protection Chemicals Industry Segmentation
Crop protection chemicals constitute a class of agrochemicals, which are used for preventing the deterioration of crops from insects and pest infestation. The report has been segmented on the basis of application such as grains and cereals, pulses and oilseeds, fruits and vegetables, turf and ornamentals, and commercial crops. Segmentation has also been done based on origin into synthetic and bio-based and by mode of action into herbicides, fungicides, insecticides, nematicides, molluscicides and others.
| Mode of Action | |
| Herbicide | |
| Fungicide | |
| Insecticide | |
| Nematicide | |
| Molluscicide | |
| Others |
| Origin | |
| Synthetic | |
| Bio-based |
| Application | |
| Grains and Cereals | |
| Pulses and Oilseeds | |
| Fruits and Vegetables | |
| Commercial Crops | |
| Turf and Ornamentals |
Hungary Crop Protection Chemicals Market Research FAQs
What is the current Hungary Crop Protection Chemicals Market size?
The Hungary Crop Protection Chemicals Market is projected to register a CAGR of 8.70% during the forecast period (2024-2029)
Who are the key players in Hungary Crop Protection Chemicals Market?
Bayer AG, Oro Agri, UPL Ltd, Nufarm Ltd and Belchim Crop Protection are the major companies operating in the Hungary Crop Protection Chemicals Market.
What years does this Hungary Crop Protection Chemicals Market cover?
The report covers the Hungary Crop Protection Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hungary Crop Protection Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hungary Crop Protection Chemicals Industry Report
Statistics for the 2024 Hungary Crop Protection Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hungary Crop Protection Chemicals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
