The global Crop Protection Chemicals market is expected to grow at a steady CAGR of 4.42% during the forecast period until 2030. Due to the growing concern for food safety and ensuring the good health of human beings, the crop protection chemicals market is anticipated to expand in the upcoming years.
Crop protection chemicals are chemicals that are used to protect crops from various agents such as weeds, insects, birds, etc. They are also used to increase crop yield and protect crops from various diseases. Crop protection chemicals are of several types including insecticides, herbicides, fungicides, nematicides, and others. Herbicides are crop protection chemicals used to eradicate undesirable plants without endangering the plantation, hence boosting agricultural output. They are the most commonly used kind of crop protection chemicals.
However, as people's awareness of how chemical pesticides affect human health has grown, farmers have been gradually shifting to the use of eco-friendly, natural insecticides and bioinsecticides. Contrary to conventional pesticides, which frequently cause harm to a variety of insects and birds, it has been found that biopesticides offer more targeted activity to desired pests. Manufacturers of crop protection chemicals are increasingly turning to biopesticides since conventional insecticides have been related to health problems for farmers and personnel after prolonged exposure. The surging population coupled with the advancement in farming techniques such as precision farming, and smart plantation and increasing demand for biobased crop protection chemicals is projected to drive the demand for crop protection chemicals for the forecast period. The need to ensure food security globally is another factor propelling the demand for crop protection chemicals. Furthermore, declining arable land and the need for augmented agricultural productivity worldwide are other factors responsible for demand growth.
Based on region, Asia Pacific is dominating the Global Crop Protection Chemicals market. It is anticipated that Asia Pacific will maintain its dominance in forthcoming years owing to the continuous rise in population and food demand thus propelling the demand for pesticides and insecticides in the agriculture sector, especially in soil-rich countries like India. Moreover, Asia Pacific also leads in terms of producing Crop Protection Chemicals. One of the biggest producers of active components and pesticide goods is China.
Based on the end-user industry, the global Crop Protection Chemicals market is segmented into Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Others. Among these, Grains and Cereals are majorly dominating the global Crop Protection Chemicals market. This industry held a market share of approximately 35% of the total demand in 2022. To ensure food safety and adequate food quality, it is anticipated that the demand for these chemicals will further rise in the forecast period.
Major players for crop protection chemicals globally include Bayer CropScience AG, Nippon Soda, ChemiChina Corporation, Marrone Bio Innovations Inc., BASF SE, Ishihara Sangyo Kaisha Ltd, Corteva Agriscience, Bioworks Inc., UPL Limited, ISAGRO Spa, FMC Corporation, American Vanguard Corporation.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Crop Protection Chemicals which covers production, demand and supply of Crop Protection Chemicals market in the globe.
• To analyse and forecast the market size of Crop Protection Chemicals
• To classify and forecast Global Crop Protection Chemicals market based on end-use and regional distribution.
To extract data for Global Crop Protection Chemicals market, primary research surveys were conducted with Crop Protection Chemicals manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Crop Protection Chemicals market over the coming years.
ChemAnalyst calculated Crop Protection Chemicals demand in the globe by analyzing the historical data and demand forecast which was carried out considering the supply and demand of Crop Protection Chemicals across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Crop Protection Chemicals manufacturers and other stakeholders
• Organizations, forums and alliances related to Crop Protection Chemicals distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Crop Protection Chemicals manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Crop Protection Chemicals s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Growth Rate
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CAGR of 4.42% from 2023 to 2030
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2030
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2030
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Report coverage
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Industry Market Size, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap
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Segments covered
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By Type: (Insecticides, Herbicides, Fungicides, Nematicides, and Others)
By End-Use: (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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