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The grain and cereal crop protection market size is forecast to increase by USD 11.35 billion, at a CAGR of 5.18% between 2023 and 2028. The growth rate of the market depends on several factors, including the increasing globalization and trade, the increasing number of new product launches, and the mergers and acquisitions among market players.
The report includes a comprehensive outlook on the Grain and Cereal Crop Protection Market, offering forecasts for the industry segmented by Type, which comprises crops and grains. Additionally, it categorizes Product Type into herbicides, insecticides, fungicides, and others, and covers Regions, including APAC, South America, Europe, North America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Grain and cereal crop protection refers to the set of practices, strategies, and products implemented to safeguard grains and cereal crops such as wheat, rice, corn, barley, and oats from pests, diseases, weeds, and environmental stressors. These protection measures aim to ensure the optimal growth, health, and yield of these important food crops.
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Increasing globalization and trade is the key factor driving market growth. IPM can be defined as a strategy involving specific procedures for pest prevention in an agricultural environment. It is a prevention method that creates an inhospitable environment for pests through systemic resistance and proper operation design. IPM aims to reduce dependence on chemical pesticides by employing multiple tactics such as biological control (using natural predators or parasites), cultural practices (crop rotation, sanitation), mechanical methods (traps, barriers), and resistant crop varieties.
Furthermore, as agriculture faces challenges related to environmental sustainability and the need for safer and more efficient pest management, IPM emerges as an important strategy that aligns with these goals while maintaining crop yields and economic viability. Thus, such factors are expected to positively impact the growth of the global grain and cereal crop protection market during the forecast period.
Implementation of integrated pest management (IPM) as a novel crop protection method is the primary trend shaping market growth. To meet quality standards and maintain competitive prices in the global market, farmers use crop protection products to produce high-quality crops. Globalization opens markets worldwide, allowing agricultural products to be traded across borders. This demand for crops, both for domestic consumption and international trade, drives the need for effective crop protection. Farmers strive to meet global standards and quality requirements to remain competitive in these markets.
Moreover, as agricultural practices evolve to meet global demands, there is a higher emphasis on maximizing yields and ensuring the quality of produce. This intensification often requires the use of crop protection products to safeguard crops against pests, diseases, and weeds. Efforts to ensure sustainable agriculture and responsible use of crop protection products remain essential. Hence, the global grain and cereal crop protection market is expected to witness growth during the forecast period.
Demand for organic products is a challenge that affects market growth. Growing consumer demand for organic produce has led to increased acreage dedicated to organic farming practices, which inherently lowers the use of conventional crop protection products. As a result, there might be a reduced demand for conventional crop protection products among organic farmers. Organic farming practices typically avoid synthetic pesticides, herbicides, and fertilizers. As a result, there might be a reduced demand for conventional crop protection products among organic farmers.
In addition, organic farming practices can create a niche market within agriculture that does not depend on traditional chemical-based solutions. Moreover, organic farming encourages the use of alternative pest management strategies like biological control, crop rotation, natural predators, and resistant crop varieties. Hence, the growing demand for organic products may impede the growth of the market during the forecast period.
The market share growth by the crops segment will be significant during the forecast period. As the global population continues to grow, so does the need for food. More people mean a higher demand for crops to sustain the rising population. Crops are not only used for food; they are also essential for producing biofuels, fibers, and various industrial products. The demand for biofuels, in certain, has raised the cultivation of crops like corn and sugarcane for ethanol production.
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The crops segment accounted for USD 25.74 billion in 2018. Crop protection chemicals are integral in safeguarding crops from pests, diseases, and weeds that can significantly reduce yields. Pests, diseases, and weeds pose significant threats to agricultural productivity. Farmers depend on crop protection chemicals to manage these threats effectively and prevent extensive crop damage. Thus, the growing demand for crops will surge demand for grain and cereal crop protection market during the forecast period.
Based on product type, the market has been segmented into herbicides, insecticides, fungicides, and others. The herbicides segment will account for the largest share of this segment.? Agriculture heavily depends on herbicides to control weeds and assure successful crop growth. As the global population increases, there is a need to produce more food, leading to expanded agricultural activities and, subsequently, a greater demand for herbicides to maintain crop yields. Additionally, changes in farming practices, like the adoption of genetically modified crops that are resistant to certain herbicides, can also contribute to increased herbicide use. Thus, such factors will boost the growth of the global grain and cereal crop protection market during the forecast period.
APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC countries have a significant agricultural sector, and many are experiencing increased agricultural intensification to meet the demands of growing populations. This intensification often requires robust crop protection measures to ensure high yields and productivity. The region encompasses diverse climates and ecosystems, leading to a wide variety of crops being cultivated. This diversity creates a need for a broad range of crop protection products tailored to different crops, climates, and pest pressures. Furthermore, the APAC region has seen advancements in agricultural technology and increased adoption of modern farming practices. This includes the use of genetically modified crops, precision agriculture techniques, and innovative crop protection products to enhance efficiency and yields. Hence, such factors are expected to drive market growth in this region during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
AGLUKON Spezialduenger GmbH and Co. KG, Albaugh LLC, Associated British Foods Plc, Bayer AG, BioWorks Inc., China National Chemical Corp., Excel Crop Care Ltd., FMC Corp., Humintech GmbH, Koch Industries Inc., MITSUI and CO. LTD., Novozymes AS, Nufarm Ltd., OMEX, Plant Health Care Plc, Roquette Freres SA, Sumitomo Chemical Co. Ltd., UPL Ltd., and DuPont de Nemours Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028.
Grain and Cereal Crop Protection Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
Market Growth 2024-2028 |
USD 11.35 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.05 |
Regional analysis |
APAC, South America, Europe, North America, and Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key countries |
US, China, India, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGLUKON Spezialduenger GmbH and Co. KG, Albaugh LLC, Associated British Foods Plc, BASF SE, Bayer AG, BioWorks Inc., China National Chemical Corp., Excel Crop Care Ltd., FMC Corp., Humintech GmbH, Koch Industries Inc., MITSUI and CO. LTD., Novozymes AS, Nufarm Ltd., OMEX, Plant Health Care Plc, Roquette Freres SA, Sumitomo Chemical Co. Ltd., UPL Ltd., and DuPont de Nemours Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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