Crop Protection Chemical Market Overview, 2029

Crop Protection Chemical chemicals are agricultural products primarily utilized for the purpose of controlling plant diseases and averting damage to crops. Crop Protection Chemical chemicals are used to track and manage pests and diseases that can harm crops through infection, consumption, or damage. Moreover, they help farmers with crop productivity, increasing yield, and boosting food security. Consequently, Crop Protection Chemical chemicals are used on different types of crops like cereals, grains, oilseeds, pulses, fruits, and vegetables. The development of synthetic pesticides, particularly after World War II, revolutionized agriculture by allowing the widespread use of chemical pesticides like DDT.

Worries over harm to the environment and human health from chemical pesticides emerged in the 1960s, leading to global discussions on safer options for protecting crops. Recently, there has been a significant shift towards using more sustainable and eco-friendly techniques for protecting crops. In the 21st century, there has been a rise in the utilization of integrated pest management (IPM) approaches, which entail employing a blend of biological, mechanical, and chemical methods to reduce the reliance on harmful chemicals. Entities like the U.S. Environmental Protection Agency (EPA), the European Chemicals Agency (ECHA), and other national entities oversee the registration, distribution, and utilization of agricultural chemicals. The goal of the EU's 'Farm to Fork' strategy under the European Green Deal is to reduce the use of chemical pesticides by 50% by 2030. The EFSA strictly regulates pesticide residues in the EU, permitting only approved chemicals with minimal health risks for agricultural use.

According to the research report 'Global Crop Protection Chemical Market Overview, 2029,', the Global Crop Protection Chemical market is anticipated to grow at more than 3.40% CAGR from 2024 to 2029. Farmers use pesticides to protect their crops from diseases in order to increase their yields and ultimately earn more profit. The Global Crop Protection Chemical market was valued at more than USD 83.57 billion in 2023. Health hazards and the rise of superweeds in farms, which require harsh chemicals to be managed, are the main obstacles in the market. Bayer, a top agricultural products company, offers a diverse selection of herbicides, fungicides, insecticides, and seed treatments in their product lineup.

The company prioritizes sustainable agriculture and dedicates large funds to research and development for biological solutions. Another major player in the industry is Syngenta, which specializes in agrochemicals and seeds, placing emphasis on innovation and technology to create sustainable farming solutions. Companies frequently partner with research institutions to create innovative Crop Protection Chemical solutions based on biology and chemicals. Furthermore, many companies have collaborated with local authorities to train farmers on proper pesticide use and promote sustainable farming practices. Public-private partnerships are prevalent in areas like Africa and Southeast Asia, where governments and international organizations collaborate with Crop Protection Chemical companies to improve agricultural production and ensure food security. The advancement of the farming industry has significantly influenced the global Crop Protection Chemical market. The overuse of pesticides is already recognized as a danger to human health and has also led to the emergence of super-weeds. Superweeds are unwanted plants that grow with crops and have developed resistance to standard pesticides, necessitating the use of stronger chemicals to eliminate them.

The pesticides are classified based on their effectiveness against the pest. Classified on type, the overall market is segmented into four categories of Herbicides, Insecticides, Fungicides & Bactericides, and others for a better analysis of the market. The major market share is held by the herbicides segment which is also likely to be the fastest-growing segment in the coming period. The major use of herbicides is to kill the weeds, which are the unwanted plants growing around the main crop and snatching away the water & nutrition. Furthermore, the use of herbicide-resistant genetically modified (GM) crops has contributed to the increase in herbicide usage, especially in countries such as the U.S., Brazil, and Argentina.

This is possible as these crops enable the application of herbicides on a larger scale without harming the plants. Key herbicide providers are Bayer CropScience, famous for its glyphosate-based items (such as Roundup), and Syngenta, which provides a wide range of selective and non-selective herbicides. Corteva Agriscience and BASF are important players as well, offering advanced herbicide solutions designed for different crops and regions. Key distributors such as Nufarm and UPL Ltd specialize in providing herbicides to worldwide markets.

The application of the Crop Protection Chemical chemical is classified into four major crop segments of cereals & grains, oilseed & pulses, fruits & vegetables, and others. Of the classified segments, the market is dominated by the oilseed & pulse segment. It is perceived that corn, soybeans, wheat & cotton are the major users of pesticides. However, small-scale farmers use pesticides sparingly. Even though peach & apples need a minimal amount of fungicide in spring, 98% of the world’s production contains at least one pesticide. Growing in large quantities in areas such as North America, South America, and Asia, these crops are at risk from weeds, pests, and diseases.

In order to safeguard these valuable crops and achieve increased yields, farmers heavily depend on Crop Protection Chemical products such as herbicides, insecticides, and fungicides, which is driving market demand. Key providers of Crop Protection Chemical solutions for oilseeds and pulses are Bayer CropScience, offering a variety of herbicides and fungicides specifically for these crops, and Syngenta, recognized for its insecticides and integrated pest management options. Corteva Agriscience and BASF provide specific products designed for weed and pest management in oilseeds and pulses. Companies such as Nufarm and UPL Ltd are vital in making sure these products are accessible to farmers worldwide, by managing reliable distribution channels and offering assistance to farmers in implementing successful Crop Protection Chemical techniques.

With more than 2.2 Billion people relying on agriculture for their livelihood, there is no doubt that the Asia Pacific is a land of agriculture and also the highest contributor to the Crop Protection Chemical chemical market. However, through the forecasted period, this region is likely to record the lowest anticipated growth rate among the major regions. This is because these two regions are not improvised in terms of agricultural practices when compared to the other regions. The early laid foundation of the irrigation systems and the intensive agricultural practices restrict the use of toxic chemicals.

However, the increasing immigration settlements and the deteriorating climatic changes are to aid the market growth in the forecasted period. The increase in the demand for agricultural products, and the commercialization of agriculture, have increased the use of Crop Protection Chemical chemicals across the world. The leading Asian countries are the key targets for the companies. The major companies are enjoying considerable profits given the fact of increasing adoption of integrated farming practices to meet the growing demand for food.

COVID-19 Impact

The outbreak of COVID-19 has affected public health as well as the global economy. The COVID-19 impact on the global economy has resulted in socio-economic disruptions; along with other industries, the spread of COVID-19 has affected the agriculture input sector. The coronavirus has impacted critical processes in the production and distribution of agrochemicals, from raw material imports to end-product manufacturing. The supply chain was hindered due to the travel restrictions imposed by many different countries globally. The fluctuating prices of chemicals as raw materials along with the inconsistent demand from the consumers during times of economic distress hampered the market growth rate.

Major companies mentioned: Basf SE, Bayer AG, Corteva AgriSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemicals, Syngenta AG, UPL.

Considered in the report

• Geography: Global
• Base year: 2023
• Historical year: 2018
• Forecasted year: 2029

Regions & countries covered

• North America (US, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia)
• Asia Pacific (China, Japan, India, Australia, Malasia, Thailand)
• South America (Brazil, Argentina, Colombia)
• Middle East & Africa (Turkey, Saudi Arabia, Israel, South Africa)

Aspects covered in the report

• Market Size by Value for the period (2018-2029F)
• Market Share by Product Type (Herbicide, Insecticide, Fungicides & Bactericides, and Others)
• Market Share by Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)
• Market Share by Region
• Market Share by Country
• Market Share by Company

The approach of the report

We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise.

This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Agriculture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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