Market Size of Hungary Crop Protection Chemicals Industry
| 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 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 Size Summary
The crop protection chemicals market in Hungary is experiencing significant growth, driven by factors such as the increasing need for food security, declining arable land, and the demand for enhanced agricultural productivity. This growth is further supported by the country's favorable conditions for organic production, which encourages the use of biopesticides. The shift towards bio-based agricultural products is gaining momentum, as biopesticides offer a cost-effective alternative to synthetic chemicals. This trend is bolstered by the rising demand for organically certified food, with numerous enterprises producing such products in Hungary. However, the market faces challenges, including the ban on certain pesticides and the rising costs of research and development, which could potentially restrain its expansion.
The Hungarian crop protection chemicals market is characterized by intense competition, with major international players like Bayer AG, UPL Limited, Ori Agro, and Nufarm Limited holding significant market shares. These companies are actively engaging in strategies such as new product launches, mergers and acquisitions, and partnerships to strengthen their market position. The development of insecticide-resistant pests is prompting ongoing research and innovation, leading to the introduction of new product variants. This dynamic is expected to drive further revenue growth for the companies operating in the market. Additionally, the ban on GMO plant production in the region is anticipated to contribute to the market's growth during the forecast period.
Hungary Crop Protection Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Mode of Action
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2.1.1 Herbicide
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2.1.2 Fungicide
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2.1.3 Insecticide
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2.1.4 Nematicide
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2.1.5 Molluscicide
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2.1.6 Others
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2.2 Origin
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2.2.1 Synthetic
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2.2.2 Bio-based
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2.3 Application
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2.3.1 Grains and Cereals
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2.3.2 Pulses and Oilseeds
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2.3.3 Fruits and Vegetables
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2.3.4 Commercial Crops
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2.3.5 Turf and Ornamentals
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Hungary Crop Protection Chemicals Market Size 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.
