Crop Protection Chemical Market Outlook, 2029

Crop Protection Chemical chemicals refer to the agricultural products that are mainly used to manage plant diseases and prevent crop damage. Crop Protection Chemical chemicals aid in monitoring and controlling pests and diseases that may infect, consume, or damage crops. Furthermore, they also assist the farmers in managing crop productivity, improving overall yield, and enhancing food security. As a result, Crop Protection Chemical chemicals are utilized on various crop types, including cereals and grains, oilseeds and pulses, fruits and vegetables, etc. The advancement of artificial pesticides, especially post-World War II, transformed farming by enabling widespread production and application of chemical pesticides such as DDT.

Concerns about environmental damage and the effects of chemical pesticides on human health arose in the 1960s, sparking worldwide talks on safer alternatives for Crop Protection Chemical. In recent years, there has been a notable transition towards more sustainable and environmentally friendly methods of Crop Protection Chemical. In the 21st century, there has been an increase in the adoption of integrated pest management (IPM) strategies, which involve using a combination of biological, mechanical, and chemical techniques to minimize the use of toxic chemicals. Organizations such as the U.S. Environmental Protection Agency (EPA), the European Chemicals Agency (ECHA), and other national agencies monitor the registration, distribution, and use of Crop Protection Chemical chemicals. The European Green Deal's 'Farm to Fork' strategy in the EU aims to cut the use of chemical pesticides by half by 2030. The European Food Safety Authority (EFSA) ensures that pesticide residues in the EU are regulated strictly, allowing only approved chemicals with low health risks for agricultural purposes.

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. The use of pesticides is backed by the reason for the farmers to yield a higher return, with could be otherwise affected by losing it to diseases. The major restraint in the market is the cause of health hazards and the escalation of superweeds in the farms which need highly toxic chemicals to be controlled. Bayer, a leading company in agricultural products, provides a wide range of herbicides, fungicides, insecticides, and seed treatments in their portfolio.

The company places a lot of importance on sustainable agriculture and makes significant investments in research and development for biological solutions. Another top industry player, Syngenta focuses on agrochemicals and seeds, prioritizing innovation and technology for sustainable farming solutions. Companies often collaborate with research institutions to develop new biological and chemical Crop Protection Chemical solutions. In addition, numerous companies have partnered with local governments to educate farmers on the correct application of pesticides and encourage sustainable farming methods. Public-private partnerships are widespread in regions such as Africa and Southeast Asia, where governments and international organizations work together with Crop Protection Chemical companies to enhance agricultural output and guarantee food supplies. The modernization of the agricultural sector has been a major driver in the market of Crop Protection Chemical at the global level. It is already known that the excessive use of pesticides has become a hazard to human health, but also has given birth to super-weed. Superweeds are the weeds or the unwanted plants that grow with the crops but have been tuned to the regular pesticides and now require more toxic formulas to kill.

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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