Crop Protection Chemicals Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Crop Protection Chemicals Market was valued at approximately USD 91.4 billion in 2023 and is projected to grow at 4.2% CAGR from 2024 to 2032.

There is an increasing shift towards biologicals and biopesticides, sourced from natural microorganisms, plant extracts, and other biological entities. These eco-friendlier products minimize adverse effects on non-target organisms. Furthermore, integrated pest management (IPM) practices are gaining traction, emphasizing holistic strategies that lessen dependence on chemical pesticides. The market's robust growth is also largely driven by surging global food demands and the pressing need for heightened agricultural productivity.

Other key trends shaping the market growth include a rising preference for bio-based and organic alternatives, spurred by environmental concerns and regulatory shifts leaning towards sustainability. Moreover, biotechnological advancements are enhancing product efficacy. Notably, Asia-Pacific and Latin America present pronounced growth opportunities, fueled by agricultural modernization and increased farmer awareness.

The crop protection chemicals industry is segmented by product, source, crop type, form, application, and region.

Product-wise, the market is divided into herbicides, fungicides, insecticides, biopesticides, and others. In 2023, herbicides led the market with a valuation of USD 36.5 billion. The primary impetus for herbicides is weed control, essential as weeds compete with crops for sunlight, water, and nutrients. The dominance of herbicides is further bolstered by the rising demand for weed control, especially with the advent of glyphosate-resistant crops.

On the source front, the market distinguishes between synthetic and natural. In 2023, synthetic sources commanded a dominant share of approximately 80% and are poised for robust growth until 2032. The preference for synthetic chemicals stems from their rapid and reliable pest control capabilities. Given the urgent need of farmers to safeguard crops from pests, diseases, and weeds, the proven efficacy and widespread availability of synthetic chemicals ensure their continued dominance.

North America crop protection chemicals market is set to witness a 4.2% CAGR from 2024 to 2032. Within this region, the U.S. led with a substantial market share, generating revenues of USD 36.5 billion in 2023, and is projected to see significant growth through 2032. The diverse array of pests and diseases in North America, coupled with the need for effective management solutions, underscores the region's robust demand for crop protection chemicals.

Product Code: 6831

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing agriculture industry
  - 3.2.1.2 Increasing demand for high yield products
  - 3.2.1.3 Rising population and increasing global demand
- 3.2.2 Market challenges
  - 3.2.2.1 Regulatory compliance
  - 3.2.2.2 Environmental concerns
  - 3.2.2.3 Resistance management
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
  - 3.3.4.1 North America
  - 3.3.4.2 Europe
  - 3.3.4.3 Asia Pacific
  - 3.3.4.4 Latin America
  - 3.3.4.5 Middle East and Africa
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Units)

5.1 Key trends
5.2 Herbicides
5.3 Fungicides
5.4 Insecticides
5.5 Biopesticides
5.6 Others

Chapter 6 Market Size and Forecast, By Source, 2021-2032 (USD Million, Units)

6.1 Key trends
6.2 Synthetic
6.3 Natural

Chapter 7 Market Size and Forecast, By Crop Type, 2021-2032 (USD Million, Units)

7.1 Key trends
7.2 Solid
7.3 Cereal and Grains
7.4 Fruits and Vegetables
7.5 Oilseed and Pulses
7.6 Others

Chapter 8 Market Size and Forecast, By Form, 2021-2032 (USD Million, Units)

8.1 Key trends
8.2 Solid
8.3 Dry
8.4 Liquid

Chapter 9 Market Size and Forecast, By Application, 2021-2032 (USD Million, Units)

9.1 Key trends
9.2 Solid
9.3 Foliar spray
9.4 Seed treatment
9.5 Soil treatment
9.6 Others

Chapter 10 Market Size and Forecast, By Region, 2021-2032 (USD Million, Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Nippon Paper Industries Co., Ltd.
11.2 Stora Enso
11.3 South African Pulp and Paper Industries
11.4 Mondi plc
11.5 ITC Limited
11.6 Smurfit Kappa Group
11.7 Oji Holding Corporation
11.8 International Paper Group
11.9 Svenska Cellulosa Aktiebolaget