Crop Protection Chemicals Market – Global Industry Analysis and Forecast (2023-2029)

Crop Protection Chemicals Market size was valued at US$ 67.83 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.3% from 2023 to 2029, reaching nearly US$ 85.14 Bn.
Global Crop Protection Chemicals Market Overview:
Crop Protection Chemicals Market is expected to reach US$ 85.14 Bn. by 2029. Herbicides, insecticides, and fungicides are the three main types of crop protection agents. For example, selective herbicides keep weeds from growing among crops and competing for water, nutrients, and sunlight. If crop protection chemicals were not employed, agriculture would be less efficient.

This report focuses on the different segments of the Crop Protection Chemicals market (Type, Source, Form, Mode of Application, Crop Type, and Region). This MMR report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. The primary data analysis during the historical era from 2017 to 2021 is shown using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Crop Protection Chemicals are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Crop Protection Chemicals market.

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Crop Protection Chemicals Market Dynamics:
The major growth driver is a strong emphasis on high agricultural productivity to combat food security. In terms of regulatory interventions for safe farming and general farming culture and practises, the agricultural sector has made significant progress around the world. Growing food demand has prompted agrochemical-based companies to invest in research to improve their product and transition to greener alternatives. Companies have been seen in the business commercialising bio-based compounds derived from plant, mineral, bacterium, and animal sources. Biopesticides are an example of an area where the industry has made great progress. Over 1,500 biopesticides have been registered, with over 300 active components thought to have pesticide characteristics.

The United States is one of the largest countries in the world, with natural farmland and over 913 million acres of arable land. It is also North America's largest exporter of agricultural products. In 2021, the country made roughly USD 133 billion in revenue. During the forecast period, demand for crop protection chemicals is expected to be driven by the adoption of contemporary agricultural techniques, as well as improved understanding of soil patterns and climate uncertainties.

The increased focus on food security has allowed the introduction of novel techniques for efficient mixed crop production and agricultural yield enhancement. Furthermore, there has been a rise in awareness of the toxic compounds in pesticides, as well as the need to generate sustainable chemicals from plant, animal, mineral, and bacterial sources, minimising soil pollution and contamination of agricultural produce.

As a result, bio-based crop protection agents have been developed. The influence is greater in western economies, where the agriculture sector has undergone technical revolutions and farmers are not only aware of the benefits of organic compounds, but also prepared to invest in them to protect their agricultural supply.

The global harmonisation of agricultural regulations and the implementation of sustainable farming practises in emerging economies are essential to the effective growth of the crop protection chemical market. According to factual statistics on global farming and agricultural yields, the demand for food products is expected to increase significantly during the forecast period, resulting in an increase in the need for crops. Pesticides and other crop care products are expected to be in high demand in the global market as a result of these factors.
Crop Protection Chemicals Market Segment Analysis:
Crop Protection Chemicals Market is segmented by Type, Source, Form, Mode of Application, and Crop Type.

Based on the Type, the market is segmented into Herbicides, Insecticides, Fungicides, and Others. Herbicides segment is expected to hold the largest market share of xx% by 2029. Herbicides are chemicals that kill or prevent undesired plants from growing (weeds). They are commonly employed in weed control, which aids in crop productivity and output quality. Herbicides aid in the reduction of soil erosion as well as the improvement of soil fertility and crop productivity. They are sometimes referred to as weed killers since they are used to control or eliminate undesirable vegetation. Herbicide use in agro ecosystems may alter weed population composition. Herbicides may boost the diversity of native species in wild lands. The dangers to plant biodiversity posed by habitat loss and invasive species outnumber those posed by pesticide usage. Weed waste grounds, industrial locations, railways, and railway embankments all utilise non-selective insecticides.



Based on the Form, the market is segmented into Dry, and Liquid. Liquid form segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The market for liquid forms of crop protection chemicals is expected to be driven by the increased demand for liquid forms of crop protection chemical products, primarily in the foliar spray and seed treatment modes of application. They're also less expensive than solid formulations and can be blended with any other crop enhancer or protectant, increasing demand.

Suspensions (flowable solutions), solutions, emulsifiable concentrates, microencapsulated suspensions, and aerosols are all examples of liquid pesticides. Crop protection chemical compounds in liquid form are favoured by both suppliers and end-users. Liquid forms have a longer shelf life and are easier to handle, transport, and apply. They are also cost-effective, environmentally friendly, and long-lasting. Crop protection agents in liquid form are being developed technologically by companies. Crop protection chemicals in liquid form might be water-based, oil-based, polymer-based, or a mix of these.

Based on the Mode of Application, the market is segmented into Foliar Spray, Seed Treatment, Soil Treatment, and Others. Foliar Spray segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The most common application method for crop protection agents is foliar spray. Herbicides, insecticides, and fungicides all can be made with it. However, due to labour shortages, it is primarily utilised for spraying herbicides and insecticides on undesired weeds and destroying insect attacks on crops.

Foliar spraying, also known as foliar feeding, is a method of nourishing plants by directly spraying liquid crop protection agents onto their leaves. Foliar spray can be used to kill a wide range of undesired grasses, plants, and shrubs.
Crop Protection Chemicals Market Regional Insights:
Asia Pacific region is expected to dominate the Crop Protection Chemicals Market during the forecast period 2022-2029. Asia Pacific region is expected to hold the largest market share of xx% by 2029. Due to its enormous agricultural base, Asia-Pacific is the largest user of crop protection. In 2022, China, Japan, India, and Australia accounted for more than 80.0 percent share of the Asia-Pacific crop protection chemicals market. The progressive trend toward the use of eco-friendly, natural insecticides and bio insecticides by farmers has been noted in the region as farmers become more conscious of the impact of chemical insecticides on human health. As a result, the growth of biopesticides has had an influence on the market for synthetic insecticides, particularly in developing nations like India and China.

The surge in demand for organic baby food in China is due to an increasing focus on the value of organic products among the younger generation, as well as the growing number of women in the workforce and the increasing adoption of the health and wellness trend.

North America region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The region has a diverse range of agriculture-based industries and is home to a number of international agricultural corporations, particularly in the United States. The region's agrarian economy is driven by the farming community's rapid embrace of technical advancements, as well as a variety of regulatory frameworks that oversee positive growth. Due to sustainable cultivation procedures and rapid product development, the market is expected to gain up speed over time.

The objective of the report is to present a comprehensive analysis of the Global Crop Protection Chemicals Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Crop Protection Chemicals Market dynamic and structure by analyzing the market segments and projecting the Global Crop Protection Chemicals Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Crop Protection Chemicals Market make the report investor’s guide.
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Global Crop Protection Chemicals Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 67.83 Bn


Forecast Period 2023 to 2029 CAGR:
3.3%
Market Size in 2029:
US $ 85.14 Bn


 Segments Covered:
by Type
Herbicides
Insecticides
Fungicides
Others


by Source
Natural
Biopesticide


by  Form
Dry
Liquid


by Mode of Application
Foliar Spray
Seed Treatment
Soil Treatment
Others


by Crop Type
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Other crops



Crop Protection Chemicals Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Crop Protection Chemicals Market, Key Players
1. BASF SE (Germany)
2. The Dow Chemical Company (US)
3. Dupont (US)
4. Sumitomo Chemical Co., Ltd (Japan)
5. Syngenta AG (Switzerland)
6. Bayer Cropscience AG (Germany)
7. FMC Coropration (US)
8. NufarmLimited (Australia)
9. Adama Agriclutural Solutions Ltd. (Israel)
10. Verdesian Life sciences (US)
11. Bioworks Inc. (US)
12. Valent US (US)
13. Arysta Lifescince Corporation (US)
14. America Vanguard Corporation (US)
15. Chr. Hansen (Denmark)

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Crop Protection Chemicals Market?
Ans. Asia Pacific is expected to hold the highest share in the Crop Protection Chemicals Market.

2] Who are the top key players in the Crop Protection Chemicals Market?
Ans. BASF SE (Germany), The Dow Chemical Company (US), Dupont (US), Sumitomo Chemical Co., Ltd (Japan), and Syngenta AG (Switzerland) are the top key players in the Crop Protection Chemicals Market.

3] Which segment is expected to hold the largest market share in the Crop Protection Chemicals Market by 2029?
Ans. Herbicides segment is expected to hold the largest market share in the Crop Protection Chemicals Market by 2029.

4] What is the market size of the Crop Protection Chemicals Market by 2029?
Ans. The market size of the Crop Protection Chemicals Market is expected to reach US $ 85.14 Bn. by 2029.

5] What was the market size of the Crop Protection Chemicals Market in 2021?
Ans. The market size of the Crop Protection Chemicals Market was worth US $ 65.66 Bn. in 2021.