Market Projections (2024-2032):

The global crop protection chemicals market size was USD 61.92 Billion in 2023 and is projected to grow from USD 65.53 Billion in 2024 to USD 103.11 Billion in 2032 at a CAGR of 5.83% during the analysis period from 2024 to 2032

The protection chemicals crop market is a very important part of the whole agricultural sector. They serve to protect agricultural products from pests, diseases, and weeds. This market segment ensures not only sustainable crop production but also guaranteed food security. These comprise crop protection chemicals, such as pesticides, herbicides, fungicides, insecticides, each made to protect specific kinds of crops against a number of potential impending threats: either for grains and vegetables, or else for fruits and nuts.

A strong imprint is left on crop protection chemicals due to an increase in food demand driven by rising global populations and changing dietary preferences. The need and hunger for optimal yields and high-quality produce just to meet the market demand and satisfy the food value chain have increased over time, being pushed further by farmers and agribusinesses in a bid to sustain this value chain globally. This has called for continuous innovations in crop protection technologies in a bid to address the increasing issues of resistance, improve performance, and reduce the impact on the environment.

Technological advancements and research and development activities have shaped the crop protection chemicals industry. Development of new chemical formulations, with their combination into biotechnology and precision agriculture, has provided for better and more specific solutions. The development of new chemical formulations, along with integrating those with biotechnology and precision agriculture, has made it possible to explore more specific solutions. In contemporary times, crop protection products are less impacting on non-target species and the surroundings yet ensuring ultimate protection to the crops. Moreover, there are many integrated pest management (IPM) methods that have gained popularity and combine chemical, biological, and cultural practices.

In the same vein, the area of crop protection chemicals has been influenced by regulatory frameworks and environmental concerns. Rigid rules are being set by different governments and regulatory authorities around the world to ensure the safety and effectiveness of the products. It has thus created an approach toward formulation of products that are effective yet safe for human health and for the environment. Added efforts are channelled towards the development of environmentally friendly, less hazardous crop protection solutions.

Other economic factors, like commodity price oscillations and other changes in agricultural policies, do come to bear on the crop protection chemicals; overall health of the agricultural sector shows direct correlation with the crop protection chemicals market. Long gone are the days when demand was primarily driven by the downturn in the economy or farming practices. The growth rate of the market continues unabated, solely due to the need for increasing agriculture output and better crop protection technologies.

Market Dynamics - Market Drivers

Changes In Precipitation, Carbon Dioxide Levels, And Warming Temperatures

• Changes in precipitation, carbon dioxide, and rising temperatures are correlated driving forces of the Earth's climate and ecosystems. The reality of climate change makes the trends of precipitation very erratic. The effects include stronger droughts in some countries and heavy rainfall with subsequent flooding in other places. This shift in precipitation alters the availability of water, thus affecting agriculture, natural ecosystems, and water resources. At the same time, elevated concentrations of CO₂, one of the most important greenhouse gases, capture larger amounts of the heat and this causes increase in global temperatures.
• Increased levels of CO₂ not only intensifies the temperature increase in the earth but also has implications for plant growth and photosynthetic carbon sequestration process. This rise in temperatures further increases the impacts of altered precipitation patterns, since higher temperatures can increase the rate of evaporation from water bodies, further engineering these resources and weather systems. Viewed in combination, the changes to temperature and precipitation will disturb ecological balances, affect agricultural productivity, and give problems to natural and human systems in the need for laying down adaptation strategies and mitigation efforts against the impacts of climate change.

Economic Losses Through Pest Attacks On Crops

• In agriculture and food security, economic losses from pest attacks on crops are among the major problems. Pests resulting from insects, weeds, fungi, and bacteria infest crops, leading to reduced yields, deteriorated quality, and high production. The damage caused by pests is a serious worldwide problem for crops. They bring about reduced yields, deteriorated quality, and high production costs. Pests infest crops through direct injury to plant tissues and interference with plant growth, followed by disease transmission. This many a time creates a lower level of marketable yields, hence pushing the price of the product for the consumer higher and a decrease in the farmer's income. Added to this is the financial pressure exerted by management on pest infestations through chemicals, biological, and integrated approaches on pest management.
• The effect of pest attacks on the economy is considerably severe in a way that sometimes, in extreme conditions, they may lead to an economic instability of a society of farming households, affect the global food supply system, and demand more investment in research and development to find sustainable solutions for pest control. Generally, the economic implication of pest attacks serves to underline the great importance of effective pest management practices, hence calling for the continuous need for innovations in crop protection.

Market Opportunities

Integrated Pest Management (IPM)

• Integrated Pest Management (IPM) is a multifaceted approach to control pest with least impact to the environment that utilizes cooperation of different means to minimize pest population in the most economical way. IPM encompasses the reduction in the employment of chemical pesticides through the application of such as biological factors, cultural factors, mechanical procedures, and use of resistant crop varieties. Through scouting and evaluation of pest status and conditions in the environment, IPM experts are well placed to decide when and how to control the pests. Such approach may entail applying natural enemies such as predators or parasites to control the pests, changing the planting pattern such as crop rotation to interrupt the pests’ life cycle, or placing barriers or traps to confine the pests. Therefore, the intention of the Integrated Pest Management is to have efficient pest control strategies but at the same time without necessarily having to harm human beings or other living things or organisms or pollute the environment. But, more complexly, by combining these various approaches, IPM does not only improve the optimisation and the sustainability of the agricultural practices but also reduces dramatically the usage of chemical pesticides, which contributes to stabilise agricultural ecosystems over time.

Market Restraining Factors

Health, Environmental, And Regulatory Implications Of Pesticide Residues

• The existence of pesticide residues in crops is very significant from health, environmental as well as legal point. In relation to health impacts, pesticide residues in food pose hazardous impacts on human health in the aspects of acute and chronic health impacts, carcinogenic and endocrine disrupting health impacts. This, therefore, means that the impacts of using pesticides on the health of those who use it depends on the type of pesticides used, the concentration and the period of exposure to the products. In as much as the pesticide residues affects the plant pests and diseases, it has a negative impact to the non-target organisms such as the beneficial insects, wildlife and aquatics.
• They are capable of polluting soil and water, hence giving impact at the ecosystem level and in general wildlife. Thirdly, legal issues are also to be deemed highly important because governments and other international organizations set some standards and MRLs in order to minimize potential food safety threats and protect consumers’ rights. Pesticides are under the provisions of Food Quality Protection Act that requires producers of agricultural and manufacturers of pesticides to monitor, report and fully compliant. Meeting this necessity of pest control while at the same time putting into consideration the health effects and the environment and the legal instruments is crucial in the advancement of sustainable agriculture and safe food systems production.

Segmentation Analysis

The market scope is segmented because of by Type, by Crop Type, by Source, by Mode of Application.

By Type

Based on the Type of the market is segmented into Herbicides, Insecticides, Fungicides, Others.

By the type of segment of the crop protection chemicals market, namely herbicides, insecticides, fungicides and others, the market has seen the dominance of herbicides. Much of this dominance is attributed to the fact that herbicides are fundamental in controlling weeds which are among the biggest menace to crops. It has been mentioned that weeds reduce agricultural productivity since they grab all necessary factors such as water, nutrients and light that can be used by crops. Therefore, proper weed management is very important hence the need to increase crop productivity and food security will drive the herbicides sales.

Weed control through the use of herbicides is very crucial whether in large scale commercial production or small scale farming. There are convenient and functional tools for combating weeds in a variety of cultures, including grains and vegetables, fruits and pulses. Other factors explaining their domination in the market include increased innovation of new herbicide formulations and technologies such as selective herbicides and least hazardous to the environment. Furthermore, increasing spread of resistant herbaceous weeds has created a market for new specific purpose herbicides making them essential tools in today’s agriculture.

By Crop Type

Based on the Crop Type of the market is segmented into Cereals, Oilseeds and Pulses, Fruits and Vegetables, Others.

Within the crop type segments, Cereals, Oilseeds and Pulses and Fruits and Vegetables and Other crops, the Fruits and Vegetables have contributed significantly for crop protection chemicals market. This dominance is chiefly because most of the crops are of high value and are also very Vulnerable to all forms of pests and diseases. This population is very vulnerable to pest damage since fruits and vegetables are highly perishable items that demands high levels of protection to meet the desired quality and quantity. Generally, pest control measures needs to be applied to ensure marketable qualities of these crops, through which profitability of the enterprise is determined.

Also, fruits and vegetables are subjected to various pest attacks in the form of insects, fungal and bacterial infections as a result, require special crop protection chemicals. Another factor that ensures the market continues to grow for these products is the focus on getting high quality and fresh food goods from the farmer end as it influences farmers to put more emphasis in pest control mechanisms.

Regional Snapshots

The crop protection chemicals market in the major regions of North America Europe Asia-Pacific Middle East and Africa and Latin America has been seeing Asia-Pacific taking up a position on top of others. This is due to the fact that the region has large arable land, high crop yields production and ever increasing demand for food because of large and growing population. Most of the large countries within the Asia-Pacific region such as China and India are large producers of foods and other agricultural products hence large amounts of crop protection chemicals are required to protect crops from pests and diseases. This is true given that climate varies across the region, and equally too various types of crops are also grown in the region.

Also, Asia-Pacific’s economic growth, rising agricultural investments, and improvement in farming processes contribute towards dominating the Regional market. Continuous need for improved crop protection products exists through the focal region’s intent to boost agricultural production to feed its huge population.

List of Companies Profiled

• Bayer CropScience
• Syngenta AG
• BASF
• Corteva, Inc.
• FMC Corporation
• ChemChina
• Sumitomo Chemicals
• UPL Ltd.
• Nufarm
• Rotam CropScience Ltd

Key Industry Developments

• In November 2023, Insecticides (India) announced the launch of four new crop protection products. The four new products include Nakshatra, Supremo SP, Opaque, and Million. The launch was intended at catering to the increasing sowing demand as there is a rising sowing of Rabi crops in India.
• In September 2023, ADAMA Ltd., one of the leading crop protection companies, announced the launch of its all-new crop protection products in India. These new products are called Cosayr and Lapidos. These are the first-ever insecticides that are said to contain the active ingredient Chlorantraniliprole (CTPR). These products are designed to assist in the protection of paddy and sugarcane crops.

Report Coverage

The report will cover the qualitative and quantitative data on the Global Crop Protection Chemicals Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Crop Protection Chemicals market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Crop Protection Chemicals. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Crop Protection Chemicals companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Crop Protection Chemicals Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Crop Protection Chemicals Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase

• To gain insightful analyses of the Crop Protection Chemicals market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the Crop Protection Chemicals market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the Crop Protection Chemicals market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of the Market

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Crop Protection Chemicals Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: