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The crop protection chemicals market size is estimated to grow at a CAGR of 3.54% between 2022 and 2027. The market size is forecast to increase by USD 25.12 billion. The market is experiencing significant growth due to the rising adoption of herbicides. However, the expansion of organic farming poses a considerable challenge to market growth. On the other hand, the emergence of integrated pest management (IPM) as an innovative approach to crop protection is a prominent trend that is expected to drive market growth significantly.
This crop protection chemicals market report extensively covers market segmentation by Application (cereals and grains, oilseeds and pulses, fruits and vegetables, and turfs and others), Type (herbicides, insecticides, fungicides, and rodenticides and others), and Geography (APAC, South America, Europe, North America, and Middle East and Africa).
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Crop protection chemicals are broadly classified into various categories of pesticides, herbicides, insecticides, and fungicides. They are used to control diseases and pests in the grains, cereals, pulses, and horticultural sectors by using chemical pesticides.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing use of herbicides is a major factor driving the crop protection chemicals market. Enormous investments are being directed toward the advancement of more efficient and environmentally friendly herbicides. Modern herbicides are typically designed to break down shortly after being applied. They find application in a diverse range of crops, such as cereals, grains, fruits, vegetables, oilseeds, and pulses. The increasing consumer preference for fruits and green vegetables, driven by a growing awareness of health and fitness, contributes to the utilization of herbicides in agriculture.
Ongoing protests surrounding the ban on harmful herbicides have gained considerable attention. However, their presence in the market persists due to their lower pricing in comparison to alternative products. Many industry participants are actively working on developing bio-based herbicides. While these herbicides offer eco-friendly solutions, they are costly options for controlling weeds that have developed resistance to chemical-based herbicides. These factors are anticipated to propel market growth during the forecast period.
The implementation of integrated pest management (IPM) as the new method of crop protection is a key trend boosting the growth of the market. The cost of pest control accounts for approximately 35% of a farmer's crop production expenses, and pests currently cause losses ranging from 11% to 32%. Pesticides play a vital role in managing pests. However, the increasing resistance of pests to pesticides, as well as concerns regarding their environmental and health impacts, have resulted in a decrease in the use of chemical pesticides.
Integrated Pest Management (IPM) can be described as a strategic approach that employs specific techniques for preventing pests in an agricultural setting. It is a preventive method that creates an unfavorable environment for pests through the implementation of systemic resistance and proper operational design. IPM involves the integration of various control methods, including inspection, monitoring, and reporting. Pesticides are used only when deemed most effective during a specific stage of the pest's life cycle. These advancements and innovations are expected to have a positive impact on market growth during the forecast period.
Organic farming as a substitute is a key challenge hindering the market. Organic farming avoids pesticides, fertilizers, antibiotics, and GMOs, aiming for a sustainable environment. It promotes crop rotation, cover crops, and balanced ecological relationships. Organic residues and nutrients are recycled into the soil using composted manure. Organic crops have higher levels of antioxidants, lower levels of toxic metals, and reduced pesticide residue compared to conventional crops. These benefits, along with consumer awareness, may hinder the growth of the crop protection chemicals market.
The cereals and grains segment is projected to experience notable market share growth in the forecast period. Crops such as rice, wheat, barley, and other cereals and grains play a vital role in traditional diets, driving the demand for crop protection chemicals for their cultivation. Factors such as the high consumption of cereals and grains, favorable subsidies on agricultural and farm products, and the availability of pesticide fertilizers in various forms (dry, powder, liquid, and sprayable) have contributed to the increased demand for these crops.
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The cereals and grains segment was valued at USD 47.07 billion in 2017 and continued to grow until 2021. Due to the easy availability of raw materials, easy applicability, and availability of crop protection chemicals, there is an increased consumption in the segment. Furthermore, The growing population in APAC countries such as India and China, government initiatives such as Public Distribution System (PDS), and increasing focus on high yield are other factors that are accelerating the demand for crop protection chemicals in the cereals and grains application segment during the forecast period.
APAC is estimated to contribute 41% 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 is a major player in agriculture due to its extensive farmland, fertile soil, and increasing food grain demand driven by a large population. It is the largest and fastest-growing market for agrochemicals and pesticide consumption. Adoption of modern farming practices and agrochemical use contribute to its growth. While awareness and acceptance of change may be limited, implementing modern techniques and integrated farming processes will drive future agrochemical demand. Southeast Asia is a key target region, with Japan, China, and India as leading producers. China, in particular, dominates the market as the largest producer and consumer of crop protection chemicals. The region's growing economy and currency stability further boost the crop protection chemicals market in APAC.
The outbreak of COVID-19 in 2020 had adverse effects on various industries in APAC. International trade closures during the early stages of the pandemic reduced the demand for agrochemicals from importers, impacting market growth. However, the market was sustained by significant domestic demand for crop protection chemicals in 2020. As vaccination drives were initiated in the region in 2021, international trade resumed in Q4 2020, leading to the revival of agricultural activities and increased demand for agrochemicals. These factors are expected to drive the demand for crop protection chemicals in APAC throughout the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Crop Protection Chemicals Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
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The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
American Vanguard Corp., BASF SE, Bayer AG, Bharat Group, BioWorks Inc., Chr Hansen Holding AS, Coromandel International Ltd., Corteva Inc., Dhanuka Agritech Ltd., Dow Chemical Co., DuPont de Nemours Inc., Nufarm Ltd., Rallis India Ltd., Rotam CropSciences Ltd., Sumitomo Chemical Co. Ltd., The Indogulf CropSciences Ltd., UPL Ltd., Verdesian Life Sciences LLC, Syngenta Crop Protection AG, and FMC Corp.
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 crop protection chemicals market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Crop Protection Chemicals Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.54% |
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Market growth 2023-2027 |
USD 25.12 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.9 |
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Regional analysis |
APAC, South America, Europe, North America, and Middle East and Africa |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, India, France, and Brazil |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Vanguard Corp., BASF SE, Bayer AG, Bharat Group, BioWorks Inc., Chr Hansen Holding AS, Coromandel International Ltd., Corteva Inc., Dhanuka Agritech Ltd., Dow Chemical Co., DuPont de Nemours Inc., Nufarm Ltd., Rallis India Ltd., Rotam CropSciences Ltd., Sumitomo Chemical Co. Ltd., The Indogulf CropSciences Ltd., UPL Ltd., Verdesian Life Sciences LLC, Syngenta Crop Protection AG, and FMC Corp. |
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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, Market condition analysis for forecast period |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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