New Crop Protection Generic Market Overview:
The global market size for the new crop protection generic market is estimated at USD 63.7 billion in 2021 and is forecast to reach USD 74.1 billion in 2026, growing at a CAGR of 3.1%. During the forecast period. The growth of this market is driven by the growing need for food security of a growing population. They are widely used in weed control, which helps in enhancing crop productivity and quality of output.

New Crop Protection Generic Market Drivers and Restraints:
People are considered to be food secure when they always have access to safe, nutritious and sufficient food to maintain a healthy life. There is a lack of food security for people due to continued population growth and limited arable land to meet the growing demand for food. To meet future demand for food, it is necessary to increase food production globally. In such a scenario, the use of phytosanitary products is unavoidable. This circumstance has driven the growth of the market for crop protection chemicals. Pesticides due to their persistence properties, toxic properties, bioaccumulation, lipophilicity and adverse effects on human health are receiving increased attention due to these residue problems.

According to the FAO chief economist, these surprising findings point to the lack of means and access to good nutrition for 3 billion people around the world because they cannot afford a healthy diet. To transform the food system and reduce these costs, policy makers must consider both supply and demand. Policies should increase the efficiency of the food supply chain and support the production of nutritious food. At the same time, expanding social safety nets and policies that encourage behavior change can promote healthier diets. These pesticides enter the human body through the consumption of contaminated fruits and vegetables. The main health effects associated with pesticide residues include cancer, birth defects, neurological disorders, endocrine disruptors, and effects on reproduction. The effectiveness of the pesticide is determined by the duration of exposure and the toxicity of the pesticide. The effects that can occur are acute or chronic.

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Report is segmented as:
New Crop Protection Generics Market-By Type:
● Insect Growth Regulators
● Insecticide
● Fungicide
● Herbicide

New Crop Protection Generics Market-By Crop Type:
● Vegetables
● Nuts
● Fruits
● Oilseeds & Pulses
● Grains & Cereals
● others

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Geographical Segmentation:
The main Asia Pacific markets include China, India, Japan and other Asia Pacific regions. Asia Pacific, a region with different agricultural systems and technologies from country to country, comprises about 40%, or 600 million hectares, of the world's agricultural area. The dominance of rice cultivation and small farmers is widespread in all countries of the Asia Pacific region. Increased awareness of pesticides and continuous technological advancement are contributing factors to the growth of this market. Additionally, growing demand for crops and growing crops in Asia-Pacific countries have forced agricultural companies to expand their supplier and manufacturing bases in the region.

Impact of COVID-19 New Crop Protection Generics Market:
The impact of COVID-19 on crop protection generically is low to moderate. There have been disruptions in supply chains and distribution channels for shipping pesticides across countries and continents. However, production was slightly affected and production decreased by as much as 20% in Asia Pacific and Europe.