Global Crop Protection Chemicals Market Size, Share, Opportunities, And Trends By Origin (Synthetic, Biopesticides), By Type (Herbicides, Insecticides, Fungicides, Others), By Application (Fruit And Vegetables, Oilseeds And Pulses, Cereals And Grains), And By Geography - Forecasts From 2024 To 2029

  • Published : Mar 2024
  • Report Code : KSI061610910
  • Pages : 135

The global crop protection chemical market is projected to grow at a CAGR of 4.66% to hold market size of US$83.697 billion in 2022 to US$115.098 billion in 2029.

Crop protection chemicals are a broad category of compounds that are essential to the global preservation of agricultural production. Pests that represent serious risks to crop health and yield, such as weeds, fungi, insects, and diseases, are eliminated by pesticides. Additionally, herbicides are used to kill undesired plants, whereas insecticides are used to control pest insects that can ruin crops. Fungal infections are lessened by fungicides, which is essential for averting widespread crop illnesses. Furthermore, molluscicides fight slugs and snails, nematicides deal with nematode infestations, and rodenticides control the number of rodents in the population.

In addition to these groups, virucides, and bactericides, respectively, target pathogens that are viral or bacterial. Crop protection chemicals help to maintain agricultural productivity when they are applied properly and in line with suggested guidelines. To minimize any potential negative impacts on non-target creatures, the environment, and human health, it is widely used. Therefore, it is crucial to implement integrated pest management strategies, which incorporate a variety of pest control techniques, to support ethical and sustainable farming practices.

crop protection chemicals market

MARKET TRENDS:

The necessity of protecting the world's food resources with population growth motivates the use of crop protection agents which in turn fuels the market expansion. To maintain farmers' profitability, it is imperative to safeguard crop yields due to economic considerations. Developments in technology are driving the creation of more effective and focused pesticide formulations. Human and environmental health are given priority when using these substances safely and responsibly, owing to regulatory regulations. Sustainable pest management techniques, such as integrated pest control strategies, are being used in response to environmental concerns. To reduce crop losses brought on by pests, illnesses, and weeds and increase agricultural output, pesticides are essential.

The crop protection chemicals market is driven by farmers' demand for efficient pest management solutions. The goal of innovative pesticide research is to maximize efficacy while addressing new pest threats. Furthermore, the development of pesticide technologies and procedures is fueled by cooperation between business, government, and higher education.

MARKET DRIVERS:

  • Technological advancements are expected to influence market growth.

It is expected that technological developments will have a major impact on the crop protection chemicals market's growth trajectory. Pest control techniques are being revolutionized by advancements in formulation chemistry, precision agriculture, and biotechnology, which will result in more focused and long-lasting solutions. Crop protection products becoming more effective while having less of an impact on the environment due to the introduction of new active compounds with better safety and efficacy profiles.

Furthermore, farmers can now monitor crops more effectively, spot insect infestations, and optimize pesticide applications all of which maximize yields and lower input costs owing to developments in digital agriculture, which also include drones, data analytics, and remote sensing. The need for sophisticated crop protection solutions is anticipated to increase as the agricultural industry progressively uses these cutting-edge technologies, propelling market expansion.

  • Environmental concerns and sustainability considerations are predicted to positively impact global crop protection chemicals market growth.

The crop protection chemicals market is expected to develop significantly and favorably as sustainability and environmental concerns take the front stage. The need for more sustainable and ecologically friendly pest control techniques is rising as people become more conscious of the detrimental impacts that traditional pesticide use has on ecosystems, water quality, and human health. Growing consumer preferences and strict regulations aimed at minimizing pesticide residues in food and protecting the environment are propelling the creation and use of safer and more environmentally friendly crop protection solutions.

Innovations in technology, including digital farming and precision agriculture, also make it possible to apply crop protection agents more effectively and selectively, cutting down on waste and pollution of the environment. By maximizing resource use and reducing environmental impact, these technologies assist sustainable agriculture practices in addition to improving the effectiveness of pest management techniques.

Overall, it is anticipated that the crop protection chemicals market will grow due to the growing emphasis on environmental sustainability and the adoption of environmentally friendly pest management techniques. Farmers and consumers are prioritizing sustainable practices that guarantee both agricultural productivity and environmental stewardship.

MARKET RESTRAINTS:

Pesticides utilization is of greater concern due to their residue problems, their poisonous qualities, bioaccumulation, lipophilicity, and adverse health effects. The chemicals are absorbed into the human body by eating fruits and vegetables. Cancer, birth abnormalities, neurological disorders, endocrine disruptors, and fertility damage are the main health impacts linked with pesticide residues. The influence of a pesticide is based on the length of the pesticide's exposure and toxicity. The symptoms that can occur are permanent or acute. Therefore, continuous monitoring of fruits and vegetables is required at the time of farming.

The crop protection chemicals market has been segmented based on types such as herbicides, insecticides, fungicides, and others. Among these herbicides are estimated to hold a larger share in the forecast period. Its use controls the growth of weeds which would otherwise grow with the crop and compete with it for nutrients, water, and sunlight. Therefore, crop protection chemicals are essential for agriculture.

The Asia Pacific region is anticipated to hold a significant share of the market.

The Asia Pacific region is expected to grow at a high CAGR over the projected period primarily because of the demand generated by rapidly developing countries like India and China. Increased demand for crop production due to a rapidly growing population coupled with rising farm expenditure drives the crop protection chemicals market.

Moreover, North America is expected to dominate the market and is expected to hold a notable share by the end of the projected period owing to a high rate of adoption of new technologies and strict agricultural regulations.

Key Developments:

  • In November 2023, one of the biggest diversified agribusiness companies in India, Godrej Agrovet Limited (GAVL), announced the introduction of the cutting-edge pest management product Rashinban in the country. Using a patented chemical created by Nissan Chemical Corporation in Japan, Rashinban is being introduced in India in partnership with GAVL to safeguard chili crops during blooming.
  • In September 2023, benefiting from its new in-house manufacturing, ADAMA Ltd., a leading worldwide crop protection firm, announced the introduction of Cosayr® and Lapidos® in India, its first insecticides with the active ingredient Chlorantraniliprole (CTPR).

Segmentation:

  • By Origin
    • Synthetic
    • Biopesticides
  • By Type
    • Herbicides
    • Insecticides
    • Fungicides
    • Others
  • By Application
    • Fruit and Vegetables
    • Oilseeds and Pulses
    • Cereals and Grains
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others 
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others 
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others 
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Crop Protection Chemicals Market was valued at US$83.697 billion in 2022.
The global crop protection chemical market is expected to reach a market size of US$115.098 billion by 2029.
The crop protection chemical market is expected to grow at a CAGR of 4.66% during the forecast period.
The Asia Pacific region is anticipated to hold a significant share of the crop protection chemical market.
The major factor anticipated to drive the growth of the crop protection chemical market is the increasing global population and the consequent rise in food demand.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL CROP PROTECTION CHEMICALS MARKET, BY ORIGIN

5.1. Introduction

5.2. Synthetic

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Biopesticides

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

6. GLOBAL CROP PROTECTION CHEMICALS MARKET, BY TYPE

6.1. Introduction

6.2. Herbicides

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Insecticides

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Fungicides

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Others

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

7. GLOBAL CROP PROTECTION CHEMICALS MARKET, BY APPLICATION

7.1. Introduction

7.2. Fruits and Vegetables

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Oilseeds and Pulses

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Cereals and Grains

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

8. GLOBAL CROP PROTECTION CHEMICALS MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Origin

8.2.2. By Type

8.2.3. By Application

8.2.4. By Country

8.2.4.1. USA

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Origin

8.3.2. By Type

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1. Market Trends and Opportunities

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Trends and Opportunities

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Trends and Opportunities

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Origin

8.4.2. By Type

8.4.3. By Application

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Spain

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Others

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Origin

8.5.2. By Type

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Israel

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.5.4.4. Others

8.5.4.4.1. Market Trends and Opportunities

8.5.4.4.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Origin

8.6.2. By Type

8.6.3. By Application

8.6.4. By Country

8.6.4.1. China

8.6.4.1.1. Market Trends and Opportunities

8.6.4.1.2. Growth Prospects

8.6.4.2. Japan

8.6.4.2.1. Market Trends and Opportunities

8.6.4.2.2. Growth Prospects

8.6.4.3. India

8.6.4.3.1. Market Trends and Opportunities

8.6.4.3.2. Growth Prospects

8.6.4.4. South Korea

8.6.4.4.1. Market Trends and Opportunities

8.6.4.4.2. Growth Prospects

8.6.4.5. Taiwan

8.6.4.5.1. Market Trends and Opportunities

8.6.4.5.2. Growth Prospects

8.6.4.6. Thailand

8.6.4.6.1. Market Trends and Opportunities

8.6.4.6.2. Growth Prospects

8.6.4.7. Indonesia

8.6.4.7.1. Market Trends and Opportunities

8.6.4.7.2. Growth Prospects

8.6.4.8. Others

8.6.4.8.1. Market Trends and Opportunities

8.6.4.8.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. BASF

10.2. FMC Corporation

10.3. Bayer CropScience AG

10.4. Corteva (DowDuPont)

10.5. Syngenta

10.6. Adama Agriculture Solutions Ltd. (ADAMA Ltd.)

10.7. UPL Limited

10.8. Jiangsu Yangnong Chemical Group Co Ltd (Sinochem International Corporation)

10.9. Sumitomo Chemical

10.10. Punjab Chemicals and Crop Protection Limited


BASF

FMC Corporation

Bayer CropScience AG

Corteva (DowDuPont)

Syngenta

Adama Agriculture Solutions Ltd. (ADAMA Ltd.)

UPL Limited

Jiangsu Yangnong Chemical Group Co Ltd (Sinochem International Corporation)

Sumitomo Chemical

Punjab Chemicals and Crop Protection Limited