Crop Protection Chemicals Market Size was valued at USD 71.51 billion in 2023. The crop protection chemicals market industry is projected to grow from USD 74.56 Billion in 2024 to USD 103.48 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.18% during the forecast period (2024 - 2032). A growing population and increasing awareness of crop protection for healthy yields are attributed to the growing need for food security. Over the forecast period, the agricultural industry will likely grow due to a growing population and a rising demand for food, which are the key market drivers enhancing the crop protection chemicals market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
International Food Policy Research Institute estimates that 690 million people worldwide went hungry in 2019, an increase of 10 million from 2018. In 2020, an additional 83 million-132 million people may be pushed into chronic hunger by the COVID-19 pandemic, the International Food Policy Research Institute has published a report entitled 2020 State of Food Security and Nutrition in the World. Food insecurity, hunger, and malnutrition are covered in the report, which includes the latest authoritative estimates.
If these trends continue, 841.4 million people worldwide will go hungry by 2030, according to the SOFI 2020 report, and the world won't reach its malnutrition targets of 2025 and 2030. FAO's Chief Economist, who points out that 3 billion people lack the means and access to healthy diets, attributed these alarming results to the unaffordability of healthy diets. Policymakers must consider supply and demand to transform food systems to reduce these costs. Food supply chains should be enhanced and nutritious foods subsidized; at the same time, social safety nets and behavioral change policies can be expanded to promote a healthier diet.
When people have access to safe, nutritious, and sufficient food at all times to maintain a healthy life, they are considered food secure. As a result of the continuous rise in population and limited cultivable lands to meet the growing needs of the people, there is less food security. Food production must increase worldwide to meet future demand. Therefore, it is inevitable that crop protection products will be used in this scenario. This has contributed to the crop protection chemicals market CAGR growth globally in recent years.
However, as a major market fact, one of the major factors driving this growth is the growing need for food security and safer alternatives for consumption amongst the target audience. In addition, a sharp rise in the population is increasing the crop protection chemicals market demand amongst the target audience spread throughout the world is another factor driving the growth of the crop protection chemicals market revenue.
The crop protection chemicals market segmentation, based on type, includes fungicides, insecticides, herbicides, and others. The herbicides crop protection chemicals segment held the majority share in 2022, contributing to around ~37-39% in respect to the crop protection chemicals market revenue. It is widely used to control weeds, improving crop productivity and output quality because herbicides kill or inhibit unwanted plants (weeds). In addition to reducing soil erosion, herbicides increase soil fertility and crop yield. They are often called weed killers as they are used to control or kill unwanted plants. If herbicides are used in agroecosystems, they may alter the composition of weed populations. It has been shown that herbicides increase native species diversity in wildlands. Plant biodiversity is at risk from habitat loss and invasive species, which are far greater threats than herbicides. Pesticides not selected are used in weed waste grounds, industrial sites, railroads, and railway embankments.
The crop protection chemicals market segmentation, based on crop type, includes cereal & grains, fruits & vegetables, oilseed & pulses, and others. The cereal & grains segment dominated the crop protection chemicals market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. A major contributing factor is the growing consumption of cereals and grains in North America and Asia Pacific regions, including corn, rice, oats, wheat, sorghum, and barley. According to World Bank data, agricultural land in North America will grow to 4,635,537 square kilometers by 2020, with an average cereal productivity of 1.44 t ha-1. Hence, increasing the productivity of cereals & grains positively impacts crop protection chemicals market growth.
The crop protection chemicals market data has been bifurcated by mode of application into soil treatment, seed treatment, foliar spray, and others. The foliar spray segment dominated the crop protection chemicals market in 2022 and is projected to be the faster-growing segment during the forecast period 2022-2030. The foliar spray is the most common application method for crop protection chemicals. Although it can be used for herbicides, insecticides, and fungicides, it is mostly used to spray herbicides and insecticides due to the shortage of labor needed to remove unwanted weeds manually and destroy insect attacks on crops. The foliar spray technique allows plant protection chemicals to be applied directly to their leaves. It can also be used to destroy grasses, herbs, and shrubs.
Figure 1: Crop Protection Chemicals Market, by Mode of Application, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides crop protection chemicals market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific crop protection chemicals market accounted for USD 31.19 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The increasing population in the region has resulted in a shrinking arable land area and an increase in food demand, so farmers have increasingly used crop protection products and fertilizers to increase their crops' yields.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Recent News:
In July 2023, nurture.retail, an agri-e-commerce platform, unveiled an extensive assortment of crop protection products exclusively accessible through its mobile application and the internet. The company issued the following statement regarding these online-only products: herbicides, fungicides, insecticides, and biostimulants: Uniquat, Turf, Lancer, Yieldwin, Manzate, Amerex, Ricebac, Imidastar, and Lambda Star. Serving 150 million farmers, approximately 3,50,000 licensed and registered agri-input retailers are present in India. The distribution of the majority of these agri-input products occurs offline via the conventional network. By establishing a partnership with nurture.retail for the introduction of an online-only product line, they can gain access to unexplored markets and utilize digital channels as engines of expansion. Additionally, this measure protects the interests of prominent agri-input suppliers by guaranteeing the continuity of conventional distribution channels. The products that are exclusively available online will be distributed in fourteen states and will be delivered within a guarantee timeframe of 72 hours. At reasonable prices, agri-retailers can acquire the highest quality agri-inputs throughout the crop life cycle. They will expeditiously introduce additional online-only products, thereby providing agri-retailers with fresh growth opportunities.
November 2023: One of the largest diversified agribusiness conglomerates in India, Godrej Agrovet Limited (GAVL), recently announced in November 2023 the introduction of Rashinban, an innovative insect control product, in India. In collaboration with GAVL, Rashinban, a patented chemistry developed by Nissan Chemical Corporation of Japan, is being introduced internationally for the first time in India to preserve chili crops during the flowering phase. India, the capital of the chili industry, provides nearly 36 percent of the world's total chili production. Nevertheless, eighty percent of nascent chili crops are destroyed by pests (particularly worms, leps, hoppers, and mites), which persistently wreak devastation on the farmers. By introducing Rashinban, a product that eliminates a broad spectrum of pests from chilli in a single application during the flowering phase, GAVL aims to assist producers in their battle against these pests. This will facilitate increased crop yields through the elimination of pests.
Figure 2: CROP PROTECTION CHEMICALS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's crop protection chemicals market accounts for the second-largest market share. Several major factors drive the demand for crop protection chemicals in Europe, including the growing agricultural industry, improved farming practices, and increased awareness of healthy eating. As a result of the growing population and diminishing farmlands, there is a growing need to increase crop yields and production efficiency. Further, the Germany Crop Protection Chemicals market held the largest market share, and the UK Crop Protection Chemicals market was the fastest-growing market in the European region
The Latin America crop protection chemicals market is expected to grow at the fastest CAGR from 2022 to 2030. In Central & South America, for example, Argentina, Bolivia, Belize, Haiti, Dominica, Paraguay, and Ecuador, agriculture accounts for half of the GDP due to the large-scale production of soybeans, pulses, and sugarcane, which require crop protection chemicals. Moreover, Brazil's crop protection chemicals market held the largest market share, and the Argentina crop protection chemicals market was the fastest growing market in the Latin American region
May 2023- With the introduction of its BiologiQ line of products, Dhanuka Agritech, one amid the top suppliers of agricultural inputs in India, entered the agri-biological market. According to the firm, BiologiQ is a distinctive line of environmentally friendly products created via the combination of conventional science and cutting-edge agricultural techniques now used. For effective outcomes for the crop and the soil, BiologiQ solutions can be used alone or in conjunction with traditional chemical products as part of the Integrated Pest and Nutrition Management strategy. Downil biological fungicide, Whiteaxe biological insecticide, and Sporenil biological wilticide are the first three products in the BiologiQ line.
February 2023- A partnership between CEARITIS, a start-up in sustainable agriculture, and AFYREN (Paris:ALAFY), a greentech business that offers manufacturers low-carbon, bio-based ingredients made using special fermentation technology based on a totally circular model, has been formed to support the development of a cutting-edge biocontrol device to safeguard orchards. The two businesses, who share similar ideals and a dedication to environmental sustainability, recently have teamed together to provide farmers of tree-crops with a cutting-edge, biodiversity-friendly substitute for pesticides. The collaboration between AFYREN & CEARITIS will hasten the commercialization of a practical and effective farming pest control tool. Through the partnership, CEARITIS will have access to a supply of the bio-based & low-carbon raw materials, and AFYREN will be able to enter a market that supports both its goals and its model for a biorefinery that is based on agriculture.
January 2023- Crystal Crop Protection introduced a new fungicide called Mentor for farmers growing paddy. The product increases the general health of the rice crop in addition to controlling the disease which leads to a larger yield and better-quality food. Mentor will make sure that Crystal Crop reaches more farmers in paddy markets in a number of states, including Andhra Pradesh, Telangana, West Bengal, Karnataka, Punjab, and Haryana. Throughout the rabi season, this product will be readily accessible.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the crop protection chemicals market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key crop protection chemicals market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the crop protection chemicals industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies manufacturers adopt in the crop protection chemicals industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the crop protection chemicals industry has provided medicine with some of the most significant benefits. In the crop protection chemicals market, major players such as BASF SE (Germany), Valent US (US), The Dow Chemical Company (US), Syngenta AG (Switzerland), and Bayer CropScience AG (Germany) are working on expanding the crop protection chemicals market demand by investing in research and development activities.
BASF SE (Germany) chemical company operates across six segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. Chemicals, automobiles, construction, agriculture, oil, plastics, electrical, electronic, furniture, and paper are among the products BASF offers, and it also provides a range of services and system solutions. In November 2020, By collaborating in digitalization with TECNALIA, a European research and development center, BASF was accelerating research and development for new crop protection products. By doing so, farmers will be able to develop innovations more quickly that will help them control weeds, fungal diseases, and insect pests in their crops.
Also, Agrochemical products are produced by Syngenta AG, which include agrochemicals, herbicides, insecticides, fungicides, seeds for vegetables and flowers, and seeds for field crops. In March 2018, A binding agreement was reached between Syngenta and Strider (US), a Brazilian AgTech company specializing in farm operational management solutions. There has been no disclosure of the financial terms of the deal, which is subject to approval by the relevant merger control authorities.
Crop Protection Chemicals Industry Developments
October 2020: Australia, New Zealand, and Southeast Asia are part of Nufarm Ltd's Asia Pacific business. The Asia Pacific business includes crop protection operations across Australia, New Zealand, and Southeast Asia.
May 2022: As part of Syngenta's seed care segment, the company launched Victrato, a seed treatment against nematodes and soil-borne fungi to improve soybean, corn, cereals, cotton, and rice quality and productivity.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 71.51 billion |
| Market Size 2024 | USD 74.56 billion |
| Market Size 2032 | USD 103.48 billion |
| Compound Annual Growth Rate (CAGR) | 4.18% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2020 - 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Crop Type, Mode of Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | BASF SE (Germany), Valent US (US), The Dow Chemical Company (US), Adama Agricultural Solutions Ltd. (Israel), NufarmLimited (Australia) Verdesian Lifesciences (US), FMC Corporation (US), Bioworks Inc. (US), Bayer CropScience AG (Germany), Dupont (US), Sumitomo Chemical Co. Ltd (Japan), and Syngenta AG (Switzerland) |
| Key Market Opportunities | Increasing biopesticides demand |
| Key Market Dynamics | Growing population Increasing awareness of crop protection for healthy yields |
Crop Protection Chemicals Market Highlights:
Frequently Asked Questions (FAQ) :
The crop protection chemicals market size was valued at USD 71.51 Billion in 2023.
The crop protection chemicals market is projected to grow at a CAGR of 4.18% during the forecast period, 2024-2032.
Asia-Pacific had the largest share of the crop protection chemicals market
The key players in the crop protection chemicals market are BASF SE (Germany), Valent US (US), The Dow Chemical Company (US), Adama Agricultural Solutions Ltd. (Israel), NufarmLimited (Australia), Verdesian Lifesciences (US), FMC Corporation (US), Bioworks Inc. (US), Bayer CropScience AG (Germany), Dupont (US), Sumitomo Chemical Co. Ltd (Japan), and Syngenta AG (Switzerland).
The herbicides crop protection chemicals category dominated the market in 2022.
The foliar spray had the largest share of the crop protection chemicals market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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