South Korea places a strong emphasis on food safety and quality. The crop protection chemicals market plays a crucial role in ensuring the safety and integrity of agricultural produce by effectively managing pests, diseases, and weeds. Rice is a staple crop in South Korea, and its protection from pests and diseases is of utmost importance. The crop protection chemicals market in South Korea is heavily focused on developing and providing solutions specifically tailored to rice cultivation. South Korea has limited arable land due to its mountainous terrain. As a result, efficient crop protection practices, including the use of crop protection chemicals, are crucial for maximizing agricultural productivity within the available land resources. South Korea is known for its technological advancements, and the agricultural sector is no exception. The market is witnessing the adoption of precision farming technologies, remote sensing, and digital solutions for crop protection. These advancements help optimize the use of crop protection chemicals and enhance farming practices. South Korea has seen an increase in organic farming practices, driven by consumer demand for organic products. The crop protection chemicals market responds to this trend by offering a range of organic and natural solutions, including biopesticides and other eco-friendly alternatives. The South Korean government actively promotes sustainable agriculture practices. This includes the adoption of integrated pest management (IPM) approaches, the reduction of chemical pesticide usage, and the promotion of environmentally friendly crop protection solutions. Government support encourages the growth of sustainable options in the crop protection chemicals market. The crop protection chemicals market in South Korea benefits from collaborations between industry players and research institutions. These partnerships foster innovation, drive research and development activities, and lead to the development of new products and solutions tailored to the country's agricultural needs. South Korea imports a significant portion of its crop protection chemicals to meet domestic demand. The market encompasses both locally produced and imported products from various international suppliers. South Korea is a major exporter of agricultural products, including fruits, vegetables, and processed food. The crop protection chemicals market plays a critical role in ensuring the quality and productivity of these export-oriented crops, meeting international standards and regulatory requirements. South Korean consumers are increasingly concerned about the safety and quality of agricultural products. As a result, there is a growing demand for sustainably produced crops, leading to the adoption of responsible crop protection practices and the development of eco-friendly alternatives in the market. According to the report titled, “South Korea Crop protection Chemical Overview, 2027”, published by Bonafide Research the market is segmented by product type, by application, and by country. South Korea has been actively promoting and implementing integrated pest management practices. The focus is on using a combination of techniques, such as biological controls, cultural practices, and targeted pesticide applications, to reduce reliance on chemical pesticides. This approach aims to achieve effective pest management while minimizing environmental impact. South Korea has implemented a sustainable agriculture certification program called "Good Agricultural Practices" (GAP). This program encourages farmers to adopt environmentally friendly and socially responsible practices, including the responsible use of crop protection chemicals. Certified produce has a higher market value and consumer trust. South Korea has seen a rise in the demand for specialty crops, such as fruits, vegetables, and herbs. These crops require specific crop protection strategies tailored to their unique characteristics and cultivation practices, driving the demand for specialized crop protection chemicals.Farmers' cooperatives play a crucial role in the crop protection chemicals market in South Korea. They provide support, training, and guidance to farmers in the responsible use of crop protection chemicals, ensuring proper application and adherence to safety standards.Urban agriculture is gaining popularity in South Korea, particularly in cities like Seoul. Rooftop gardens, vertical farming, and community gardens are being established, creating a need for localized crop protection solutions suitable for urban farming environments.South Korea has a growing market for organic inputs, including organic fertilizers and biopesticides. The crop protection chemicals market responds to this demand by offering a range of approved organic products to support organic farming practices and meet the requirements of organic certification. South Korea has a robust pesticide residue monitoring system in place to ensure compliance with safety standards. The government conducts regular inspections and testing of agricultural produce to detect and control the presence of pesticide residues. Traditional cultural practices, such as crop rotation, companion planting, and traditional pest control methods, continue to be part of South Korea's agricultural heritage. These practices, combined with modern crop protection approaches, contribute to effective pest management and sustainability. South Korea is known for its technological advancements in various industries, including agriculture. The country exports agricultural technologies, equipment, and expertise to other countries, contributing to the development and growth of the global crop protection industry. South Korea collaborates with international partners, including research institutions and companies, to exchange knowledge, technology, and best practices in crop protection. These collaborations facilitate innovation and drive the development of new and improved crop protection solutions. On the basis of product type, it is predicted that the herbicides will have the highest growth rate owing to their efficiency in weed removal. This product reduced the cost of weed removal by 96% as earlier weed removal was done majorly through manual processes. The growth of the market is hindered by the increasing awareness amongst the consumer towards he usage of chemical on food items. Further, the improper usage of such products have increased illness amongst the endconsumer. This is one of the major factor obstructing the growth of the market. The government to tackle this problem conducts awareness drive amongst the agricultural farmers making them aware about the right usage of the product in terms of Quantity and application. Along with this the evolution of Super weeds have posed as a problem for the market. Super weeds are those weed plants which have grown immune to crop protection chemicals over a period of constant exposure. COVID-19 Impact The pandemic was a worldwide phenomenon which affected almost every industry vertical in some way or the other. The Crop protection Chemical market was no exception to this. The market was affected moderately as the agricultural practices never really came to a halt. But the negative effect was felt with respect to the supply chain and manufacturing process which was created due to lockdowns and travels restrictions. Considered in the report • Geography: South Korea • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Aspects covered in the report • Market Size by Value for the period (2016-2027F) • Market Share by Product Type • Herbicide • Insecticide • Fungicides & Bactericides • Others • Market Share by Application • Cereals & Grains • Oilseeds & Pulses • Fruits & Vegetables • Others • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products withreasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-regionanalysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Agriculture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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