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Crop Protection Chemicals Market Analysis APAC, South America, Europe, North America, Middle East and Africa - China, Brazil, India, France, US - Size and Forecast 2024-2028

Crop Protection Chemicals Market Analysis APAC, South America, Europe, North America, Middle East and Africa - China, Brazil, India, France, US - Size and Forecast 2024-2028

Published: Jun 2024 172 Pages SKU: IRTNTR75503

Market Overview at a Glance

$23.3 B
Market Opportunity
3.21%
CAGR
3.09
YoY growth 2023-2024(%)

Crop Protection Chemicals Market Size 2024-2028

The crop protection chemicals market size is forecast to increase by USD 23.3 billion at a CAGR of 3.21% between 2023 and 2028.

  • The market is witnessing significant growth due to several key trends. One of the primary factors driving market expansion is the increasing use of herbicides to control weed growth and enhance crop productivity. Additionally, the implementation of integrated pest management (IPM) as a new method of crop protection is gaining popularity, as it helps minimize the use of chemicals and reduces the environmental impact. Another trend influencing the market is the rise of organic farming, which relies on natural methods for pest control and fertilization, and is increasingly being adopted by farmers in North America and beyond. These trends present both opportunities and challenges for market participants, requiring them to innovate and adapt to meet the evolving needs of farmers and consumers.

    • What will be the Size of the Crop Protection Chemicals Market During the Forecast Period?

    Crop Protection Chemicals Market Size

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  • The market plays a crucial role in safeguarding agricultural productivity against invasive pests and emerging diseases. With the increasing pressure on food systems to meet the demands of a growing population and shifting consumer food preferences towards healthy diets, the market for chemical solutions remains robust. However, stringent regulations and pesticide registration requirements necessitate ongoing innovation to mitigate environmental impact and ensure food safety. Seed and soil treatments, including herbicides, insecticides, and fungicides, are essential tools in this regard. Malnutrition and food insecurity further underscore the importance of maintaining high crop yields. While glyphosates, difenoconazole, imidacloprids, and bifenthrin are commonly used chemicals, biotechnology and microbiology are also driving advancements In the market.
  • Balancing the need for effective crop protection with environmental sustainability and consumer safety remains a key challenge.

    • How is this Crop Protection Chemicals Industry segmented and which is the largest segment?

    The crop protection chemicals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Application
      • Cereals and grains
      • Oilseeds and pulses
      • Fruits and vegetables
      • Turfs and others
    • Type
      • Herbicides
      • Insecticides
      • Fungicides
      • Rodenticides and others
    • Geography
      • APAC
        • China
        • India
      • South America
        • Brazil
      • Europe
        • France
      • North America
        • US
      • Middle East and Africa

      By Application Insights

      • The cereals and grains segment is estimated to witness significant growth during the forecast period.

      Crop protection chemicals play a crucial role in ensuring the growth and yield of essential food crops, particularly cereals and grains, which form the foundation of many traditional diets. The high demand for these crops, driven by agricultural subsidies and consumer preferences for staple foods, necessitates the use of effective crop protection solutions. The availability of various forms of these chemicals, including dry, powdered, liquid, and sprayable, enhances their applicability and accessibility. Strict regulations governing pesticide registration and environmental impact are key considerations In the market. Emerging diseases and invasive pests pose significant challenges, necessitating continuous innovation in chemical solutions.

      Biologicals, biopesticides, and synthetic as well as natural alternatives are gaining popularity due to their environmental benefits. The Herbicides segment, particularly in cereals and oilseeds, dominates the market. Key factors driving growth include the need to increase crop yields, mitigate malnutrition and food insecurity, and adhere to healthy dietary recommendations. The use of precision agriculture technologies, such as GPS-guided equipment, drones, and sensors, is transforming the industry. Regulatory pressures and formulation technologies, including nanotechnology and encapsulation techniques, are shaping the competitive landscape.

      Crop Protection Chemicals Market Size

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      The Cereals and grains segment was valued at USD 43.50 billion in 2018 and showed a gradual increase during the forecast period.

      Regional Analysis

      • APAC is estimated to contribute 45% 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.

      Crop Protection Chemicals Market Share by Geography

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      The Asia-Pacific region, with its vast expanses of arable land and significant population, plays a pivotal role in global agriculture. Accounting for approximately 60% of the world's population and 30% of the global land, it is the largest market for agrochemicals and the fastest-growing consumer of pesticides. Modern farming practices and the integration of agrochemicals are key drivers of this growth. However, challenges such as invasive pests, emerging diseases, and stringent regulations necessitate the use of advanced chemical solutions. Pesticide registration requirements and environmental impact are critical considerations, as are consumer food preferences and the importance of staple foods like cereals and grains, fruits and vegetables, oilseed and pulses.

      Biologicals, biopesticides, and synthetic as well as natural solutions are employed in various forms, including foliar spray, seed treatment, and soil treatment. The Herbicides segment, particularly in cereals and oilseeds, is significant in rice cultivation. Small-scale manufacturers and agribusiness companies leverage formulation technologies like nanotechnology and encapsulation techniques to improve efficiency and effectiveness. Regulatory pressures and precision agriculture technologies, including GPS-guided equipment and drones, are shaping the future of crop protection chemicals. The environmental benefits of pesticide use, greenhouse gas emissions reduction through tillage practices, and the role of biotechnology and microbiology are essential aspects of this industry's development.

      Market Dynamics

      Our  researchers analyzed the data with 2023 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.

      What are the key market drivers leading to the rise In the adoption of Crop Protection Chemicals Industry?

      Increasing use of herbicides is the key driver of the market.

    • The market encompasses a wide range of solutions designed to safeguard agricultural productivity against invasive pests and emerging diseases. This market caters to various sectors of global agriculture, including cereals and grains, fruits and vegetables, oilseed and pulses, and more. Herbicides, insecticides, and fungicides are the primary types of crop protection chemicals, each with distinct applications. Herbicides, a significant segment, are extensively used in cereals and oilseeds, such as rice cultivation, and are crucial for small scale manufacturers and agribusiness companies. Consumer food preferences for healthy diets and an increasing focus on food systems have led to a surge in demand for herbicides, particularly in fruits and vegetables.
    • However, stringent regulations and pesticide registration requirements necessitate the development of eco-friendly and environmentally sustainable alternatives. Biologicals, biopesticides, and natural solutions are gaining traction as viable alternatives to synthetic chemicals. Synthetic herbicides, such as glyphosates, continue to dominate the market due to their affordability but face growing concerns regarding their environmental impact and potential health risks. Advancements in biotechnology, microbiology, and formulation technologies, including nanotechnology and encapsulation techniques, are driving innovation In the crop protection chemicals industry. Regulatory pressures and precision agriculture technologies, such as GPS-guided equipment, drones, and sensors, are further shaping the market landscape. Despite the challenges, the market continues to evolve, addressing the critical need for increased crop yields and food security while minimizing environmental impact.

      • What are the market trends shaping the Crop Protection Chemicals Industry?

      Implementation of integrated pest management (IPM) as new method of crop protection is the upcoming market trend.

    • In the global agriculture sector, invasive pests and emerging diseases pose significant challenges to crop production, leading to losses of 11-32%. Traditional chemical solutions, including herbicides, insecticides, and fungicides, have long been relied upon for pest control. However, the increasing resistance of pests to these chemicals, as well as concerns over their environmental impact and consumer food preferences, have led to a shift towards alternative methods. Integrated Pest Management (IPM) is a strategy that integrates various control methods to create an inhospitable environment for pests. This approach involves inspection, monitoring, and reporting, with pesticides only applied when necessary during a pest's life cycle.
    • IPM aims to minimize the use of pesticides, thereby reducing their environmental footprint and potential health risks. The market encompasses a range of products, including Synthetic and Natural solutions for Cereal and Grains, Fruits and Vegetables, Oilseed and Pulses, and other crops. Foliar Spray, Seed Treatment, and Soil Treatment are common application methods. Biologicals, such as biopesticides, are gaining popularity due to their environmental benefits and consumer preferences for healthy diets. Regulatory pressures, including stringent pesticide registration requirements and environmental impact assessments, pose challenges for agribusiness companies and small-scale manufacturers. Formulation technologies, including nanotechnology and encapsulation techniques, are being explored to improve the efficacy and safety of pesticides.
    • Precision agriculture technologies, such as GPS-guided equipment, drones, and sensors, are transforming crop protection by enabling targeted application of pesticides and reducing overall use. Despite these advancements, the challenge of balancing crop protection with environmental sustainability and consumer preferences remains a complex issue. Crop protection chemicals play a crucial role in maintaining crop yields and ensuring food security for a growing global population. However, the potential impact of pesticide residue on human health and the environment necessitates ongoing research and innovation to develop sustainable and effective solutions. IPM, biotechnology, and microbiology are key areas of focus for the development of new crop protection solutions.
    • Herbicides, particularly those used in cereals and oilseeds, continue to dominate the market. Rice cultivation is a significant market for pesticides due to its high susceptibility to pests and diseases. The environmental benefits of reducing pesticide use are significant, including a decrease in greenhouse gas emissions and a reduction In the need for tillage. However, the transition to alternative methods requires significant investment and regulatory support to ensure their efficacy and safety. In conclusion, The market is undergoing significant changes as the industry responds to the challenges of invasive pests, emerging diseases, and evolving consumer preferences.
    • The integration of IPM, biotechnology, and microbiology, along with the adoption of precision agriculture technologies, offers promising solutions for sustainable and effective crop protection. However, regulatory pressures and the need for ongoing research and innovation remain key challenges for the industry.

      • What challenges does the Crop Protection Chemicals Industry face during its growth?

      Organic farming as substitutes is a key challenge affecting the industry growth.

    • Crop protection chemicals play a crucial role in global agriculture as they help safeguard crops from invasive pests and emerging diseases. These chemical solutions include herbicides, insecticides, and fungicides, which are essential for increasing crop yields and ensuring food security. However, stringent regulations and pesticide registration requirements, driven by consumer food preferences and environmental impact concerns, pose significant challenges for the market. The use of crop protection chemicals, particularly synthetic ones like glyphosates, Difenoconazole, Imidacloprids, and Bifenthrin, has been a subject of debate due to their potential environmental impact. Biologicals, including biopesticides, are gaining popularity as a more sustainable alternative.
    • The Herbicides segment, particularly in Cereals and oilseeds, is a significant market driver, with rice cultivation being a major application area. Small scale manufacturers and agribusiness companies are investing in formulation technologies, such as nanotechnology and encapsulation techniques, to improve the efficacy and environmental benefits of crop protection chemicals. Regulatory pressures are increasing, necessitating precision agriculture technologies like GPS-guided equipment, drones, and sensors to minimize pesticide use and reduce greenhouse gas emissions. Organic farming, which excludes the use of synthetic pesticides, is gaining traction due to its potential environmental benefits and consumer demand for healthier diets. Organic crops have higher levels of antioxidants, contributing to a healthier food system.
    • Despite these advantages, organic farming faces challenges, such as malnutrition and food insecurity in certain regions, which can impact crop yields. In conclusion, the market is dynamic, with various factors driving and challenging its growth. These include consumer preferences, regulatory pressures, technological advancements, and environmental considerations. The market's future will depend on the balance between ensuring food security and minimizing the environmental impact of crop protection solutions.

      • Exclusive Customer Landscape

      The crop protection chemicals market forecasting 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 crop protection chemicals market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

      Crop Protection Chemicals Market Share by Geography

       Customer Landscape

      Key Companies & Market Insights

      Companies are implementing various strategies, such as strategic alliances, crop protection chemicals market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

      American Vanguard Corp. - The company is a significant player In the market, offering innovative solutions under the brands Agrinos, Green plants, and Agri Center. These brands encompass a diverse range of agrochemicals designed to enhance crop productivity and improve agricultural sustainability. The company's offerings cater to various crop types and pest management needs, ensuring farmers can effectively mitigate risks and optimize yields. By leveraging advanced research and development capabilities, the company remains at the forefront of delivering effective and environmentally responsible crop protection solutions.

      The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

      • American Vanguard Corp.
      • BASF SE
      • Bayer AG
      • Bharat Rasayan Ltd.
      • BioWorks Inc.
      • Chr Hansen Holding AS
      • Coromandel International Ltd.
      • Corteva Inc.
      • Dhanuka Agritech Ltd.
      • Dow Chemical Co.
      • DuPont de Nemours Inc.
      • FMC Corp.
      • Nufarm Ltd.
      • Rotam CropSciences Ltd.
      • Sumitomo Chemical Co. Ltd.
      • Syngenta Crop Protection AG
      • Tata Chemicals Ltd.
      • The Indogulf CropSciences Ltd.
      • UPL Ltd.
      • Verdesian Life Sciences LLC

      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 industry 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.

      Research Analyst Overview

      Crop protection chemicals play a crucial role in ensuring healthy and productive agricultural yields, safeguarding crops from invasive pests and emerging diseases. The global agriculture sector faces numerous challenges, including stringent regulations, environmental impact, and consumer food preferences. Crop protection solutions, which encompass a range of chemical and biological options, are essential tools for farmers to mitigate these challenges and maintain food security. The market for crop protection chemicals is influenced by several factors. One significant factor is the increasing prevalence of invasive pests and diseases, which can decimate entire crops and lead to malnutrition and food insecurity. These issues are particularly pressing in regions where staple foods are grown, such as cereals and grains, fruits and vegetables, oilseed and pulses.

      Another critical factor is the regulatory landscape. Pesticide registration requirements and environmental impact assessments are becoming increasingly stringent, leading to a shift towards more sustainable and environmentally friendly crop protection solutions. This trend is driving innovation In the sector, with a focus on biologicals, biopesticides, and natural alternatives to synthetic chemicals. The herbicides segment is a significant market for crop protection chemicals, particularly in cereals and oilseeds. Rice cultivation, for example, relies heavily on herbicides to manage weeds and maintain high yields. Small-scale manufacturers and agribusiness companies are investing in formulation technologies, such as nanotechnology and encapsulation techniques, to improve the efficacy and sustainability of herbicides.

      Insecticides and fungicides are also essential crop protection chemicals, with applications across a range of crops. Foliar sprays, seed treatments, and soil treatments are common methods of application. Biotechnology and microbiology are playing an increasingly important role In the development of new insecticides and fungicides, with a focus on reducing the environmental impact of these chemicals. The environmental benefits of crop protection chemicals are a key consideration for farmers and regulators alike. The use of these chemicals can contribute to greenhouse gas emissions, but precision agriculture technologies, such as GPS-guided equipment, drones, and sensors, can help minimize their application and improve their efficacy.

      In conclusion, the market is a dynamic and evolving sector, driven by the need to maintain healthy and productive agricultural yields while addressing regulatory pressures and consumer preferences. Innovation and sustainability are key themes, with a focus on biologicals, biopesticides, and natural alternatives to synthetic chemicals. The market is expected to continue growing, driven by the demand for food security and the need to mitigate the impact of invasive pests and diseases on global agriculture.

      Market Scope

      Report Coverage

      Details

      Page number

      172

      Base year

      2023

      Historic period

      		 2018-2022

      Forecast period

      2024-2028

      Growth momentum & CAGR

      Decelerate at a CAGR of 3.21%

      Market growth 2024-2028

      USD 23.3 billion

      Market structure

      Fragmented

      YoY growth 2023-2024(%)

      3.09

      Key countries

      China, Brazil, India, France, and US

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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      What are the Key Data Covered in this Crop Protection Chemicals Market Research and Growth Report?

      • CAGR of the Crop Protection Chemicals industry during the forecast period
      • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
      • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
      • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
      • Growth of the market across APAC, South America, Europe, North America, and Middle East and Africa
      • Thorough analysis of the market’s competitive landscape and detailed information about companies
      • Comprehensive analysis of factors that will challenge the crop protection chemicals market growth of industry companies

      We can help! Our analysts can customize this crop protection chemicals market research report to meet your requirements.

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      Table of Contents not available.

      Research Methodology

      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

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Frequently Asked Questions

      Crop Protection Chemicals market growth will increase by $ 23.3 bn during 2024-2028.

      The Crop Protection Chemicals market is expected to grow at a CAGR of 3.21% during 2024-2028.

      Crop Protection Chemicals market is segmented by Application( Cereals and grains, Oilseeds and pulses, Fruits and vegetables, Turfs and others) Type( Herbicides, Insecticides, Fungicides, Rodenticides and others)

      American Vanguard Corp., BASF SE, Bayer AG, Bharat Rasayan Ltd., BioWorks Inc., Chr Hansen Holding AS, Coromandel International Ltd., Corteva Inc., Dhanuka Agritech Ltd., Dow Chemical Co., DuPont de Nemours Inc., FMC Corp., Nufarm Ltd., Rotam CropSciences Ltd., Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, Tata Chemicals Ltd., The Indogulf CropSciences Ltd., UPL Ltd., Verdesian Life Sciences LLC are a few of the key vendors in the Crop Protection Chemicals market.

      APAC will register the highest growth rate of 45% among the other regions. Therefore, the Crop Protection Chemicals market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

      China, Brazil, India, France, US

      • Increasing use of herbicidesHuge investments are being made in the development of new varieties of herbicides that are more effective and eco-friendlier. Most modern herbicides are formulated to decompose within a short span after application. Applications of herbicides are spread across varieties of crops is the driving factor this market.
      • including cereals is the driving factor this market.
      • grains is the driving factor this market.
      • fruits is the driving factor this market.
      • vegetables is the driving factor this market.
      • oilseeds is the driving factor this market.
      • and pulses. The shifting presence of consumers toward fruits and green vegetables is the driving factor this market.
      • propelled by the increasing awareness regarding health and fitness is the driving factor this market.
      • fuels the use of herbicides in agricultural applications.Constant protests regarding the ban on harmful herbicides have been in the news. However is the driving factor this market.
      • their presence in the market is due to low rates compared with their substitute products. Many industry players are developing bio-based herbicides. These herbicides are eco-friendly but are expensive solutions for controlling weeds that are resistant to chemical-based herbicides. Such factors are expected to drive the global crop protection chemicals market during the forecast period. is the driving factor this market.

      The Crop Protection Chemicals market vendors should focus on grabbing business opportunities from the Cereals and grains segment as it accounted for the largest market share in the base year.