The global crop protection chemicals market size was valued at US$ 66.44 Billion in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 66.44 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
6.70% |
2030 Value Projection: |
US$ 104.53 Bn |
Figure 1: Global Protection Chemicals Market, By Origin in 2023
A variety of crop protection chemicals are available to control pests and diseases. These chemicals are highly selective and have been designed to have minimal impact on non-target organisms. For example, it can be used to suppress the growth of weeds and control the growth of fungi on plants. It also exhibits low toxicity and rapidly degrades in the soil. Insecticides are used to control insect pests that can damage crops and reduce yields. They work by targeting the nervous system of insects, either by killing them outright or by disrupting their ability to feed and reproduce. Fungicides are used to control fungal diseases that can damage crops and reduce yields. Herbicides are used to control weeds that can compete with crops for nutrients, water, and sunlight.
Market Dynamics:
Growing demand for food due to an increasing population is a prime factor driving growth of the crop protection chemicals market. Moreover, the increasing use of genetically modified crops is again augmenting market growth. Another dynamic in the global crop protection chemicals market in 2021 has been the increasing focus on digital technologies and precision agriculture. Digital technologies such as drones, sensors, and artificial intelligence are being used to monitor crop health and optimize the use of crop protection chemicals. This is helping farmers to reduce the amount of chemicals they use, while also improving crop yields and reducing environmental impact.
On the other hand, strict regulation regarding the usage of pesticides is projected to hinder market growth.
Key features of the study:
- This report provides in-depth analysis of the global crop protection chemicals market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global crop protection chemicals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Bayer CropScience, ChemChina Corporation, BASF SE, Corteva Agriscience, UPL Limited, FMC Corporation, Nufarm Ltd, Sumitomo Chemicals, American Vanguard Corporation, ISAGRO SpA, Bioworks Inc., Ishihara Sangyo Kaisha Ltd, Marrone Bio Innovations Inc., and Syngenta International AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global crop protection chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global crop protection chemicals market
Crop Protection Chemicals Market Detailed Segmentation:
- By Origin:
- By Type:
- Fungicide
- Insecticide
- Nematicide
- Herbicide
- Other types
- By Application:
- Grains and cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Commercial Crops
- Other crop types
- Other Samples
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Company Profiles
- Bayer Crop Science
- Chem China Corporation
- BASF SE
- Corteva Agriscience
- UPL Limited
- FMC Corporation
- Nufarm Ltd
- Sumitomo Chemicals
- American Vanguard Corporation
- ISAGRO SpA
- Bioworks Inc.
- Ishihara Sangyo Kaisha Ltd
- Marrone Bio Innovations Inc.
- Syngenta International AG