PUBLISHER: DataM Intelligence | PRODUCT CODE: 1560862
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1560862
Global Crop Protection Chemicals Market - 2024 - 2031
Report Overview
Global Crop Protection Chemicals Market reached US$ 71.6 billion in 2023 and is expected to reach US$ 99.40 billion by 2031, growing with a CAGR of 4.19% during the forecast period 2024-2031.
The global crop protection chemicals market is expanding rapidly due to the rising need for greater agricultural output and effective management of pests, diseases and weeds. With growing global populations and diminishing arable land, farmers are increasingly turning to crop protection chemicals to boost productivity and secure food supplies.
The adoption of integrated pest management, progress in biopesticides and advancements in precision agriculture are shaping the market. Companies are investing in research and development to create products that offer better efficacy. For instance, in May 2024, BASF launches Efficon Insecticide in India. This new IRAC group 36 chemistry offers a novel mode of action for effective control of piercing and sucking pests.
By 2025, significant progress is expected in China's agricultural and rural modernization, with strengthened agricultural infrastructure. It will ensure a more reliable supply of food and other crucial agricultural products, with the annual total grain output surpassing 650 million tons. The increase in grain output and focus on high agricultural productivity will likely boost demand for crop protection chemicals to manage pests, diseases and weeds, in this region driving the market growth.
Market Dynamics
Growing Demand for Food
As the global population is projected to increase by over a third or 2.3 billion people, between 2009 and 2050 as per FAO, the demand for food is expected to rise significantly. The growth is anticipated to be concentrated in developing nations, with urban areas housing 70% of the global population by 2050. Consequently, the demand for cereals for both food and animal feed is forecasted to grow from approximately 2 billion tonnes.
To meet the rising global food demand, agricultural production must increase. It necessitates higher crop yields from existing farmland, which often requires enhanced crop protection measures to protect against pests, diseases and weeds that can reduce yield and quality. Thus the surge in food demand drives the need for enhanced crop protection chemicals to ensure that agricultural yields meet the requirements of a rapidly expanding population.
Innovations in Chemical Formulations
Innovations in chemical formulations and application technologies drive the crop protection chemicals market by enhancing product efficacy, safety and environmental impact. Improved formulations and precision tools increase effectiveness, reduce costs and meet regulatory standards, making these products more attractive to farmers and supporting market growth.
The new launches expand the market size further. For instance, in May 2024, Coromandel International Limited launched 10 new products to enhance crop yield, control pests and support sustainable farming. This includes three patented solutions and Prachand, a new product developed with ISK Japan to protect paddy crops from pests, potentially saving up to 70% of yield losses.
Similarly, in June 2024, FMC India introduced two new fungicides, VELZO and COSUIT, to protect fruits and vegetables from fungal diseases throughout the crop cycle. These innovations aim to boost productivity and quality for Indian farmers by effectively managing crop diseases and reducing yield losses.
High Preference for Organic Farming
According to the Organic Certification Data under NPOP 2022-23 released by APEDA organic farming has experienced notable growth, with an organic cultivated area of 1,764,677.15 hectares and organic farm production reaching 2,664,679.54 metric tons. This surge in organic farming reflects a growing trend toward rejecting the potential health and environmental risks associated with conventional crop protection chemicals, restraining the market growth.
Market Segment Analysis
The global crop protection chemicals market is segmented based on type origin, application mode, crop and region.
High Production Volume of Grains & Cereals
The global crop protection chemicals market is segmented based on crops into grains & cereals and non-crop based. The grains & cereals segment accounted for the largest share of the global market. Grains and cereals are staple crops with significant global production volumes, leading to a higher demand for crop protection solutions to manage pests, diseases and weeds. According to FAO, global cereal production increased by 64 million tonnes (2.1%) from 2020 to 2021.
Maize, wheat and rice together comprised 90% of the total cereal production in 2021, highlighting the crucial role of cereals in global food systems. The roots and tubers production grew by 1.9%, driven by higher cassava and potato yields. In 2021, fruit production reached 910 million tonnes and vegetable production hit 1.2 billion tonnes in 2021.
Market Geographical Share
Large Agriculture Areas in Asia-Pacific
Asia-Pacific dominates the global crop protection chemicals market with the presence of some of the world's largest agricultural producers, including China, India and Indonesia. The countries have extensive agricultural land and are major producers of various crops. According to FAO, China has managed to achieve significant agricultural efficiency, producing a quarter of the world's grain and feeding a fifth of the global population with less than 10 percent of the world's arable land.
Similarly, India has notable progress in foodgrain production, with the Final Estimates for 2022-23 indicating a record output of 3296.87 lakh tonnes. It represents an increase of 140.71 lakh tonnes compared to the 3156.16 lakh tonnes produced in 2021-22. There is a growing market for agrochemicals in Asia-Pacific due to increasing awareness about crop protection, improvements in agricultural practices and the rising adoption of integrated pest management (IPM) strategies, driving the market growth.
Market Competitive Landscape
The major global players in the market include ADAMA Agricultural Solutions Ltd, Nufarm Ltd, Sumitomo Chemical Co. Ltd, UPL Limited., BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, Syngenta Group and NIPPON SODA CO., LTD.
Russia-Ukraine War Impact Analysis
Russia and Ukraine are important suppliers of crop protection chemicals, including potash, ammonia, urea and phosphates. The war has interrupted the supply of these commodities, resulting in shortages and higher global costs. Western sanctions on Russia have limited the export of key raw resources, aggravating the worldwide supply shortage.
Many governments and businesses are now having difficulty acquiring critical ingredients for crop protection agents. The war has resulted in a substantial increase in global energy prices, particularly for natural gas, which is required for the manufacturing of ammonia, a crucial element in fertilizers and other crop protection chemicals. This has increased manufacturing costs, raising end-user pricing.
By Type
Whole Flaxseed
Ground Flaxseed
Flaxseed Oil
Flaxseed Meal
By Type
Insecticides
Herbicides
Fungicides
Other
By Origin
Raw Synthetic
Bio-Based
By Application Mode
Foliar Fumigation
Chemigation
Seed Treatment
Soil Treatment
By Crop
Grains & Cereals
Oil Seeds
Fruits & Vegetables
Others
Non-crop-based
Turf & Ornamental Grass
Others
By Region
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa
Key Developments
In April 2024, ADAMA Ltd. has introduced Maxentis, a new broad-spectrum fungicide for wheat, barley and oilseed rape. The versatile product promises enhanced disease control and higher yields.
In May 2024, Shriram Farm Solutions, a top provider of innovative and sustainable agri-inputs, has unveiled five new advanced products in crop protection and specialty plant nutrition, featuring cutting-edge and patented technologies.
In June 2024, BASF announced the release of a new biofungicide designed to enhance sustainable crop protection. The innovative product targets a wide range of plant diseases while promoting environmental stewardship.
Why Purchase the Report?
To visualize the global crop protection chemicals market segmentation based on type origin, application mode, crop and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of the global crop protection chemicals market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.
The global crop protection chemicals market report would provide approximately 70 tables, 64 figures and 221 pages.
Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Origin
- 3.3. Snippet by Application Mode
- 3.4. Snippet by Crop
- 3.5. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Growing Demand for Food
- 4.1.1.2. Innovations in Chemical Formulations
- 4.1.2. Restraints
- 4.1.2.1. High Preference for Organic Farming
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. DMI Opinion
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Insecticides
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Herbicides
- 7.4. Fungicides
- 7.5. Other
8. By Origin
- 8.1. Introduction
- 8.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 8.3. Market Attractiveness Index, By Origin
- 8.4. Raw Synthetic
- 8.4.1. Introduction
- 8.4.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.5. Bio-Based
9. By Application Mode
- 9.1. Introduction
- 9.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Mode
- 9.3. Market Attractiveness Index, By Application Mode
- 9.4. Foliar Fumigation
- 9.4.1. Introduction
- 9.4.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.5. Chemigation
- 9.6. Seed Treatment
- 9.7. Soil Treatment
10. By Crop
- 10.1. Introduction
- 10.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop
- 10.3. Market Attractiveness Index, By Crop
- 10.4. Grains & Cereals
- 10.4.1. Introduction
- 10.4.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.4.3. Oil Seeds
- 10.4.4. Fruits & Vegetables
- 10.4.5. Others
- 10.5. Non-crop-based
- 10.5.1. Turf & Ornamental Grass
- 10.5.2. Others
11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Mode
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. US
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Mode
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. U.K.
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Mode
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Mode
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Mode
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop
12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
13. Company Profiles
- 13.1. ADAMA Agricultural Solutions Ltd
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Nufarm Ltd
- 13.3. Sumitomo Chemical Co. Ltd
- 13.4. UPL Limited.
- 13.5. BASF SE
- 13.6. Bayer AG
- 13.7. Corteva Agriscience
- 13.8. FMC Corporation
- 13.9. Syngenta Group
- 13.10. NIPPON SODA CO., LTD. (*LIST NOT EXHAUSTIVE)
14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
