PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643636
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643636
The global crop protection chemicals market is projected to grow from USD 85.1 billion in 2024 to USD 126.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.0% during 2025-2032. This growth is driven by the increasing global population, which heightens the demand for food security and necessitates enhanced crop production. Additionally, the limited availability of agricultural land underscores the need for effective crop protection solutions to maximize yields.
Key Insights
Herbicides are expected to generate the highest revenue, approximately USD 35 billion in 2024, and continue to grow robustly. Their widespread use in controlling undesirable vegetation in row-crop farming, forest management, and aquatic weed control contributes significantly to their market dominance.
The cereals and grains category is the largest revenue contributor to the crop protection chemicals market and is expected to grow at the highest CAGR of 6% during 2025-2032. This is due to the rising demand for food stock to support the massive global population, driving large-scale cultivation of cereals.
The Asia-Pacific region holds the largest revenue share, approximately 35% in 2024, and is expected to maintain this trend during the forecast period. This is due to the substantial agricultural base, extensive farmland, and increased awareness of pesticide use in the region.
There is a growing trend toward adopting bio-based crop protection chemicals, driven by increasing awareness of the environmental and health impacts of synthetic chemicals. This shift is encouraging manufacturers to develop and offer more eco-friendly solutions to meet consumer demand.