Crop Protection Chemicals Market

Crop Protection Chemicals Market Size, and Share

The crop protection chemicals market is projected to reach USD 101.0 billion by 2029 from USD 79.3 billion by 2024, at a CAGR of 5.0% during the forecast period in terms of value. Climate change is altering weather patterns, resulting in new and more persistent threats from pests and diseases. For example, warmer temperatures and changing precipitation patterns can expand the range of pests like the Fall Armyworm, which has caused significant crop damage across Africa and Asia. The increased prevalence and severity of such threats drive the demand for crop protection chemicals to safeguard yields. The Food and Agriculture Organization (FAO) estimates that 20-40% of global crop production is lost annually due to pests, highlighting the critical need for effective crop protection. Governments worldwide are implementing policies and providing subsidies to support the agricultural sector. For instance, the Indian government’s Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme offers insurance to farmers against crop loss due to pests and diseases, indirectly promoting the use of crop protection chemicals. Additionally, regulatory frameworks guide the safe and effective use of these chemicals, boosting their adoption.

To know about the assumptions considered for the study, Request for Free Sample Report

To know about the assumptions considered for the study, download the pdf brochure

Crop Protection Chemicals Market Dynamics

Driver : Increasing need of food security for the rising population

As the world's population continues to grow, the demand for food escalates, necessitating higher agricultural productivity and efficiency. Crop protection chemicals play a crucial role in maximizing yields by safeguarding crops from pests, diseases, and weeds, which can cause significant losses. Ensuring stable and abundant food supplies is critical to addressing food security challenges, and the effective use of crop protection chemicals helps farmers achieve this by enhancing crop resilience and productivity. This demand for higher agricultural output to feed a growing population thus propels the growth and innovation in the crop protection chemicals market.

Restraint : Pesticide residue problems

Pesticide residue problems pose a significant restraint to the crop protection chemicals market due to growing concerns over food safety, environmental impact, and human health. Residues from pesticides can remain on crops post-harvest, leading to stringent regulatory standards and maximum residue limits (MRLs) set by governments and international bodies. Non-compliance with these standards can result in trade barriers, product recalls, and consumer backlash, impacting the marketability of agricultural produce. Furthermore, increasing consumer awareness and demand for organic and residue-free foods drive the need for alternative pest management solutions, thereby limiting the growth potential of traditional chemical pesticides. This necessitates the industry to innovate and develop more sustainable, low-residue, or residue-free crop protection products to meet regulatory and market demands.

Opportunity : Integrated pest management (IPM)

Integrated Pest Management (IPM) presents a substantial opportunity for the crop protection chemicals market by promoting a balanced and sustainable approach to pest control that incorporates chemical, biological, cultural, and physical methods. IPM strategies advocate for the judicious use of crop protection chemicals, applying them only when necessary and in combination with other control techniques to minimize environmental impact and prevent resistance build-up in pests. This approach encourages the development and use of more targeted, environmentally friendly chemical products that fit within IPM frameworks. Consequently, it opens avenues for innovation and growth in the market as companies develop new formulations and technologies that align with IPM principles, thereby catering to the increasing demand for sustainable and effective pest management solutions.

Challenge: Evolution of biotechnology and increasing acceptance of GM crops

The evolution of biotechnology and the increasing acceptance of genetically modified (GM) crops present a significant challenge to the crop protection chemicals market. GM crops are engineered for resistance to pests, diseases, and herbicides, reducing the need for chemical interventions. As these crops become more widely adopted, the demand for traditional crop protection chemicals diminishes. For instance, crops modified to resist insects or tolerate specific herbicides can lead to a decline in the use of insecticides and broad-spectrum herbicides. Additionally, advancements in biotechnology continue to introduce more efficient and environmentally sustainable pest and disease management solutions, further challenging the market for conventional chemical products. This shift not only impacts sales but also compels chemical companies to innovate and adapt to a changing agricultural landscape that increasingly favors biotechnological solutions.

Crop Protection Chemicals Market Ecosystem

Key players within this market consist of reputable and financially robust crop protection products manufacturers. These entities boast extensive industry tenure, offering diversified product portfolios, cutting-edge technologies, and robust global sales and marketing networks. Prominent companies in this market are BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), Syngenta Group (Switzerland), Corteva (US), UPL (India), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), Albaugh LLC (US), Koppert (Netherlands), Gowan Company (US), American Vanguard Corporation (US), Kumiai Chemical Industry Co., Ltd (Japan), PI Industries (India), and Chr. Hansen A/S (Denmark).

In the crop type segment cereals & grains segment holds the largest market share in the crop protection chemicals market.

Staple crops such as wheat, rice, corn, and barley are essential for human and livestock consumption, driving substantial demand for effective crop protection solutions to ensure their high yield and quality. These crops are particularly vulnerable to a wide range of pests, diseases, and weeds, necessitating the extensive use of herbicides, insecticides, and fungicides. Additionally, the large-scale cultivation and significant economic value of cereals and grains amplify the need for crop protection chemicals, as any potential yield loss directly impacts food supply chains and market stability. Consequently, the critical importance of safeguarding these staple crops solidifies the dominance of the cereals and grains segment within the crop protection chemicals market.

In the mode of application segment, seed treatment segment is expected to grow at highest CAGR during the forecast period.

Seed treatment involves applying crop protection chemicals directly to seeds before planting, aiming to protect them from pests, diseases, and other stressors during germination and early growth stages. This method offers several advantages, including efficient use of chemicals, targeted application, and minimal environmental impact compared to traditional spraying methods. The increasing adoption of precision agriculture and advancements in seed coating technologies contribute to the growing popularity of seed treatments. Moreover, seed treatment ensures uniform coverage and better efficacy, enhancing crop establishment and yield potential. As farmers seek cost-effective and sustainable solutions to maximize crop productivity, the seed treatment segment is expected to experience significant growth, driven by its effectiveness and compatibility with modern agricultural practices.

The solid segment in the crop protection chemicals market is expected to grow constantly during the forecast period.

Solid formulations of crop protection chemicals include granules, pellets, and powders, which offer several advantages over liquid formulations such as stability, ease of storage, and reduced risk of spillage or leakage during transportation and handling. Solid formulations are particularly favored in agricultural practices where precise application and prolonged efficacy are crucial, such as in soil treatments and controlled-release applications. Additionally, advancements in formulation technologies have improved the performance and versatility of solid products, making them increasingly attractive to farmers seeking cost-effective and environmentally sustainable solutions. The steady growth of the solid segment reflects the ongoing preference for these formulations due to their practical benefits and effectiveness in protecting crops against pests, diseases, and weeds while optimizing agricultural productivity.

The Asia Pacific region is expected to dominate the crop protection chemicals market during the forecast period.

This dominance & rapid growth is fueled by the region's substantial agricultural base and the increasing need to enhance crop yields to feed a burgeoning population. Asia-Pacific accounts for over 60% of the world's population, with countries like China and India leading in agricultural production. In these countries, agriculture contributes significantly to the GDP, necessitating efficient crop protection solutions to ensure food security and economic stability. The region faces severe pest and disease pressures due to diverse climatic conditions, further driving the demand for effective crop protection chemicals. For instance, the prevalence of pests like the Fall armyworm has led to substantial crop losses, prompting governments and farmers to invest in robust pest management solutions. The increasing adoption of modern farming practices and technologies in countries like Japan, Australia, and South Korea is boosting the market for advanced crop protection products. These advancements include precision agriculture, which optimizes the application of chemicals, reducing wastage and enhancing effectiveness.

The key players in the market include BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), Syngenta Group (Switzerland), Corteva (US),UPL (India), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), Albaugh LLC (US), Koppert (Netherlands), Gowan Company (US), American Vanguard Corporation (US), Kumiai Chemical Industry Co., Ltd (Japan), PI Industries (India), and Chr. Hansen A/S (Denmark). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, and they are supported by manufacturing facilities and well-established distribution networks spanning these regions.

Get online access to the report on the World's First Market Intelligence Cloud

• Easy to Download Historical Data & Forecast Numbers
• Company Analysis Dashboard for high growth potential opportunities
• Research Analyst Access for customization & queries
• Competitor Analysis with Interactive dashboard
• Latest News, Updates & Trend analysis

Request Sample

Click on image to enlarge

Scope of the Report

Crop Protection Chemicals Market Segmentation:

This research report categorizes the crop protection chemicals market based on Crop Type, Mode of Application, Form, Origin, Type, and Region.

By Type

• Herbicides
• Insecticides
• Fungicides & Bactericides
• Other Types

By Origin

• Synthetic
• Biopesticides

By Form

• Liquid
• Solid

By Mode of Application

• Foliar Spray
• Seed Treatment
• Soil Treatment
• Other Modes of Application

By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)

Target Audience

• Crop protection chemicals traders, retailers, and distributors.
• Crop protection chemicals manufacturers & suppliers.
• Related government authorities, commercial research & development (R&D) institutions.  
• Regulatory bodies, including government agencies and NGOs.
• Commercial research & development (R&D) institutions and financial institutions.
• Government and research organizations.
• Venture capitalists and investors.  
• Technology providers to Crop protection chemicals and Crop protection chemicals companies.
• Associations and industry bodies.    

Crop Protection Chemicals Industry News

• In January 2024, Gowan Crop Protection Limited, an affiliate of Gowan Company, LLC, had entered into agreements with Syngenta Crop Protection AG to acquire global rights to the active ingredient cyromazine. The acquisition encompassed product registrations and trademarks, including TRIGARD and LEPICRON, along with related intellectual property and labels.   
• In March 2023, Corteva solidified its position as a global leader in the rapidly expanding biologicals market by announcing the completion of its acquisitions of Symborg, an expert in microbiological technologies based in Murcia, Spain, and Stoller, one of the largest independent companies in the biologicals industry, based in Houston, Texas, US.
• In December 2023, Albaugh LLC announced that it had received registration from the U.S. Environmental Protection Agency for its Maxtron 4SC herbicide (EPA Reg. No. 45002-37). Maxtron 4SC, containing ethofumesate, is a broad-spectrum herbicide designed to selectively control key weeds such as annual sowthistle, puncturevine, and purple and yellow nutsedge in sugar beets, garlic, onions, and other crops. This approval bolstered Albaugh LLC's position in the crop protection chemicals market by expanding its product lineup with a versatile and effective herbicide, enhancing its ability to meet the diverse weed control needs of farmers and improve crop yields. 

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst