Global Crop Protection Chemicals Market, By Type (Fungicides, Insecticides, Herbicides and Others), Origin (Synthetic, Biopesticides), Form (Liquid, Solid), Crop Type (Cereal and Grains, Fruits and Vegetables, Oilseed and Pulses and Others) Mode of Application (Soil Treatment, Seed Treatment, Foliar Spray and Others) – Industry Trends and Forecast to 2029.
Crop Protection Chemicals Market Analysis and Size
The significance of crop protection chemicals has increased over the last few years, catalyzed by the necessity to improve agricultural output and ensure adequate food availability for the increasing global population. The need for grains is inclined to boost the market, which registers a constraint for rising agricultural fertility to serve the leading trade of the global group. Crop protection chemicals are widely used to kill pests and increase agricultural productivity. Increasing awareness among the farmers is adding to the profitable growth of the crop protection chemicals market. On the other hand, numerous crop protection chemicals have been removed from the treatment that is no longer used and may obstruct the market growth rate during the forecast period.
Data Bridge Market Research analyses that the crop protection chemicals market was valued at USD 65.99 billion in 2021 and is expected to reach USD 87.57 billion by 2029, registering a CAGR of 3.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Crop Protection Chemicals Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Fungicides, Insecticides, Herbicides and Others), Origin (Synthetic, Biopesticides), Form (Liquid, Solid), Crop Type (Cereal and Grains, Fruits and Vegetables, Oilseed and Pulses and Others) Mode of Application (Soil Treatment, Seed Treatment, Foliar Spray and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), DOW (U.S.), Arkema, (France), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Bayer AG (Germany.), FMC Corporation (U.S.), Anhui Guangxin Agrochemical Co., Ltd. (China), UPL (India), AMVAC Chemical Corporation (U.S.), Dupont (U.S.), Sumitomo Chemical Co. Ltd (Japan), Bioworks Inc. (U.S.), Valent USA (U.S.), Nufarm Canada (Australia), Arysta LifeScience Corporation (U.S.), America Vanguard Corporation (U.S.), Corteva (U.S.), Chr. Hansen Holding A/S (Denmark), LIER Chemical Co., Ltd. (China)
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Market Opportunities
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Market Definition
Crop protection chemicals help minimize and manage plant diseases, weeds, and other pest damage agricultural crops. These chemicals also help in maintaining and increasing year over year crop yield. Crop protection chemicals can be primarily classified into insecticides, herbicides, and fungicides. Previously, farmers used inorganic compounds such as arsenic and mercury salts to control the infestation of fungi and insects.
Global Crop Protection Chemicals Market Dynamics
Drivers
- Rising demand of crop protection chemicals in agrochemical industry
The growth of the global crop protection chemicals market is expected to be influenced by rising demand of fumigants from several end user industries mainly in the agrochemical industry. Crop protection chemicals have majorly contributed to the agricultural because they help protect the agricultural produce from pests. The increasing demand for crop protection chemicals in the agrochemical industry is anticipated to drive the market's growth rate.
- Increasing usage of crop protection chemicals to reduce the spread of exotic pest
Crop protection chemicals have been used to decrease the spread of exotic pest populations. Such as, herbicides were found to be extremely effective in controlling weed purple loosestrife in marshes and wetlands. In the same way, herbicides were also effective against Johnson grass and Canada thistle along rights-of-way and in farm fields.
Moreover, increase in the use of fumigants for the storage and production of cereals, advancements in the storage technology and change in farming practices boost the market growth. The rise in focus on improved crop protection chemicals efficiency in terms of application and the growing number of initiatives for the prevalence of protection chemicals by the government are expected to influence the crop protection chemicals market growth.
Opportunities
- Rising awareness regarding harmful chemicals
The agriculture sector has shown a rise in awareness regarding the harmful chemicals in pesticides and the requirement for producing sustainable chemicals through mineral, plant, animal and bacterial sources, thus reducing contamination of agricultural product and soil pollution. The major market players are focussing on manufacturing sustainable chemicals in the agrochemical industries, which will increase crop protection chemicals' sales and likely boost the demand for crop protection chemicals in the market.
Furthermore, an increase in insect population due to climate change will act as a driver for the crop protection chemicals. Also, developing economies are expected to witness high demand for fumigants in the forecast period, which will create immense opportunity for the crop protection chemicals market growth.
Restraints/Challenges
- Pesticide residue problems
Stringent regulations and an increase in residue due to the usage of pesticides are expected to obstruct the market growth. This residue adversely impacts human health due to their persistent nature, toxic properties, lipophilicity and bioaccumulation. Also, some major side effects such as neurological disorders, endocrine disruptors, cancers, birth defects and reproductive effects due to exposure to crop protection chemicals are hindering its usage in agriculture applications. Therefore, these are some major factors which will act as market restraint and challenge the growth of the targeted market.
This crop protection chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the crop protection chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Crop Protection Chemicals Market
The outbreak of COVID-19 impacted various manufacturing industries as it led to the closure of disruption of supply chains, workplaces and restrictions in the transportation. Numerous countries such as India, Brazil China, and many other countries imposed lockdown in this phase which led to the shutdown of manufacturing and production activities. The agrochemical industry witnessed a slump in the revenue due to this had a moderate impact on the crop protection chemicals market which slightly affected the growth of the targeted market
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In January 2020, Crystal Crop Protection Company acquired three insecticide brands: Nurelle-D, Dursban and Predator from Corteva Agriscience. This acquisition helps the company to strengthen its market presence.
Global Crop Protection Chemicals Market Scope
The crop protection chemicals market is segmented on the basis of type, origin, form, crop type and mode of application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Fungicides
- Insecticides
- Herbicides
- Others
Origin
- Synthetic
- Biopesticides
Form
- Liquid
- Solid
Crop Type
- Cereal and Grains
- Fruits and Vegetables
- Oilseed and Pulses
- Others
Mode of Application
- Soil Treatment
- Seed Treatment
- Foliar Spray
- Others
Crop Protection Chemicals Market Regional Analysis/Insights
The crop protection chemicals market is analysed and market size insights and trends are provided by country, type, origin, form, crop type and mode of application as referenced above.
The countries covered in the crop protection chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the crop protection chemicals market in terms of revenue due to the increasing product development and adoption of sustainable cultivation practices in this region. The U.S. dominates the North America crop protection chemicals market owing to the increasing number of technological advancements.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2022-2029. India, and China region is likely to hold the major growth rate in the Asia-Pacific crop protection chemicals market owing to the increasing number of technological advancement in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Crop Protection Chemicals Market Share Analysis
The crop protection chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crop protection chemicals market.
Some of the major players operating in the crop protection chemicals market are:
- BASF SE (Germany)
- DOW (U.S.)
- Arkema, (France)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Bayer AG (Germany)
- FMC Corporation (U.S.)
- Anhui Guangxin Agrochemical Co., Ltd. (China)
- UPL (India)
- AMVAC Chemical Corporation (U.S.)
- Dupont (U.S.)
- Sumitomo Chemical Co. Ltd (Japan)
- Bioworks Inc. (U.S.)
- Valent USA (U.S.)
- Nufarm Canada (Australia)
- Arysta LifeScience Corporation (U.S.)
- America Vanguard Corporation (U.S.)
- Corteva (U.S.)
- Chr. Hansen Holding A/S (Denmark)
- LIER Chemical Co., Ltd. (China)
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