[Latest] Global Crop Protection Chemicals Market Size/Share Worth USD 98.5 Billion By 2032 At A 4.3% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)


(MENAFN- GlobeNewsWire - Nasdaq) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Crop Protection Chemicals Market size & share revenue was valued at approximately USD 65 Billion in 2022 and is expected to reach USD 68.3 Billion in 2023 and is expected to reach around USD 98.5 Billion by 2032, at a CAGR of 4.3% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are {BASF SE, Dow Chemical Company, Dupont, Nissan Chemical Corp., Agrinos, Bharat Rasayan Ltd, Adama Agriclutural Solutions Ltd., Bayer AG, Corteva, Inc., FMC Corporation, Novozymes A/S, Nufarm Limited, Syngenta AG, UPL Limited, Sumitomo Chemical Co. Ltd, Jiangsu Yangnong Chemical Co. Ltd., Verdesian Life sciences , Bioworks Inc., Arysta Lifescince Corporation, America Vanguard Corporation, Chr. Hansen and others.

Austin, TX, USA, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled Crop Protection Chemicals Market Size, Trends and Insights By Type (Herbicides, Insecticides, Fungicides, Others), By Source (Synthetic, Natural), By Form (Liquid, Solid), By Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 in its research database.

“According to the latest research study, the demand of global Crop Protection Chemicals Market size & share was valued at approximately USD 65 Billion in 2022 and is expected to reach USD 68.3 Billion in 2023 and is expected to reach a value of around USD 98.5 Billion by 2032, at a compound annual growth rate (CAGR) of about 4.3% during the forecast period 2023 to 2032.”

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Crop Protection Chemicals Market – Overview

Crop Protection Chemicals, commonly known as pesticides, are substances used in agriculture to safeguard crops from pests, diseases, and weeds. These chemicals include insecticides, herbicides, fungicides, and bactericides, aiming to control or eliminate threats to crop health, ensuring higher yields and quality.

Recent trends in the crop protection chemicals market include a growing emphasis on sustainable and eco-friendly formulations, driven by increased environmental awareness. Integrated pest management (IPM) practices, combining biological control and precision agriculture technologies, are gaining traction.

There is a notable shift towards the development of biopesticides and biocontrols as alternatives to conventional chemical pesticides.

Additionally, the adoption of digital technologies, such as data analytics, drones, and AI, is enhancing precision farming and optimizing the use of crop protection inputs. Regulatory scrutiny and evolving consumer preferences are influencing the development of safer and more targeted formulations.

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Collaborations and partnerships between agrochemical companies and technology firms are on the rise, fostering innovation in the industry. Overall, the trends reflect a broader industry movement towards sustainable, efficient, and technology-driven solutions in crop protection.

By type, the herbicides segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. The recent trends in herbicides within the crop protection chemicals market include a growing focus on sustainable and eco-friendly formulations.

There is an increased emphasis on developing herbicides with reduced environmental impact and improved safety profiles. Integrated Weed Management (IWM) approaches, incorporating diverse strategies like biological controls and precision agriculture, are gaining traction.

Additionally, herbicide-resistant crop varieties and the adoption of novel herbicide-resistant traits are emerging trends. Digital technologies, such as precision spraying and autonomous machinery, are enhancing the efficiency of herbicide applications, optimizing usage, and minimizing environmental impact in modern agriculture.

By source, the synthetic segment held the highest market share in 2022. Emerging trends in synthetic chemicals driving the crop protection chemicals market include the development of novel formulations with enhanced efficacy and reduced environmental impact.

Integrated pest management strategies, incorporating precision agriculture technologies, are gaining traction. Additionally, the rising demand for bio-based and biodegradable alternatives is influencing innovation. Smart formulations, such as microencapsulation and nano-formulations, are improving targeted delivery.

Regulatory focus on sustainable and safer chemical solutions is steering research and development efforts. These trends reflect a shift towards more environmentally friendly and efficient crop protection solutions in response to evolving agricultural and societal needs.

By form, the liquid segment held the highest market share in 2022. A notable trend driving the crop protection chemicals market is the increasing preference for liquid formulations. Liquid forms, such as emulsifiable concentrates and suspension concentrates, offer easier application, mixing, and handling for farmers.

The liquid formulations provide precise dosage control, enhance coverage on plant surfaces, and often exhibit improved efficacy. Additionally, these formulations contribute to reduced environmental impact and operator exposure.

The shift towards liquid formulations aligns with a broader industry focus on efficiency, safety, and environmental sustainability in crop protection practices, driving the adoption of advanced and user-friendly liquid-based solutions in agriculture.

(A free sample of the Crop Protection Chemicals report is available upon request; please contact us for more information.)


Our Free Sample Report Consists of the following:

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(Please note that the sample of the Crop Protection Chemicals report has been modified to include the COVID-19 impact study prior to delivery.)

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By mode of application, the foliar spray segment held the highest market share in 2022. Recent trends in foliar spray, a mode of application in crop protection, include the adoption of precision agriculture technologies for targeted and efficient spraying.

Automated and sensor-based systems optimize foliar spray application, minimizing chemical use and environmental impact. Integrated pest management practices emphasize the judicious use of crop protection chemicals, encouraging sustainable approaches.

Additionally, advancements in formulation technologies enhance the effectiveness of foliar sprays, promoting better adherence and absorption by crops. These trends reflect a growing emphasis on precision, sustainability, and technological innovation in foliar spray applications, contributing to the evolving landscape of the crop protection chemicals Market.

Asia-Pacific held the highest market share in the crop protection chemicals market in 2022 and is expected to keep its dominance during the forecast period 2024-2032. In the Asia-Pacific region, key trends driving the crop protection chemicals market include the rising need for increased agricultural productivity to meet growing food demand, particularly in densely populated countries like India and China.

Climate change impacts and evolving pest and disease patterns necessitate advanced crop protection solutions. Additionally, the adoption of precision farming practices, a shift towards integrated pest management, and increasing awareness of sustainable agriculture contribute to the demand for innovative and eco-friendly crop protection chemicals.

Government initiatives supporting modern farming techniques further fuel the market's growth in the Asia-Pacific agricultural sector.

DuPont announced that it has entered into a definitive agreement with FMC Corporation to divest a portion of DuPont's Crop Protection business, including certain research and development capabilities, and to acquire substantially all of FMC's Health & Nutrition business.

Under the terms of the agreement, FMC will acquire DuPont's Cereal Broadleaf Herbicides and Chewing Insecticides portfolios – including Rynaxypyr®, Cyazypyr® and Indoxacarb.

In addition, FMC will acquire the DuPont Crop Protection research and development pipeline and organization, excluding seed treatment, nematicides, and late-stage R&D programs, which DuPont will continue to develop and bring to market, and excluding personnel needed to support marketed products and R&D programs that will remain with DuPont. The assets being divested generated revenues in 2016 of about $1.4 billion.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 68.3 Billion
Projected Market Size in 2032 USD 98.5 Billion
Market Size in 2022 USD 65 Billion
CAGR Growth Rate 4.3% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Source, Form, Mode of Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

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Key questions answered in this report:

  • What is the size of the Crop Protection Chemicals market and what is its expected growth rate?
  • What are the primary driving factors that push the Crop Protection Chemicals market forward?
  • What are the Crop Protection Chemicals Industry's top companies?
  • What are the different categories that the Crop Protection Chemicals Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Crop Protection Chemicals market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2032
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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CMI has comprehensively analyzed crop protection chemicals market . The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this crop protection chemicals industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Crop Protection Chemicals Market – Regional Insight

The Asia-Pacific dominated the global market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032. The Asia-Pacific region is a significant driver of the global crop protection chemical market due to its vast and diverse agricultural landscape.

Rising population, increasing food demand, and expanding agricultural activities in countries like China, India, and Southeast Asian nations contribute to a high demand for crop protection chemicals. Farmers in the region rely on these chemicals to combat pests, diseases, and weeds, ensuring higher agricultural productivity and safeguarding crop yields.

Additionally, ongoing urbanization and industrialization drive the need for efficient agricultural practices. The adoption of modern farming techniques and technologies, coupled with government initiatives to enhance agricultural output, further propels the demand for crop protection chemicals in the Asia-Pacific region.

However, there is a growing awareness of environmental and health concerns, leading to an increased focus on sustainable and eco-friendly alternatives in the crop protection sector.

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List of the prominent players in the Crop Protection Chemicals Market :

  • BASF SE
  • Dow Chemical Company
  • Dupont
  • Nissan Chemical Corp.
  • Agrinos
  • Bharat Rasayan Ltd
  • Adama Agriclutural Solutions Ltd.
  • Bayer AG
  • Corteva Inc.
  • FMC Corporation
  • Novozymes A/S
  • Nufarm Limited
  • Syngenta AG
  • UPL Limited
  • Sumitomo Chemical Co. Ltd
  • Jiangsu Yangnong Chemical Co. Ltd.
  • Verdesian Life sciences
  • Bioworks Inc.
  • Arysta Lifescince Corporation
  • America Vanguard Corporation
  • Hansen
  • Others

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The Crop Protection Chemicals Market is segmented as follows:

By Type

  • Herbicides
  • Insecticides
  • Fungicides
  • Others

By Source

  • Synthetic
  • Natural

By Form

  • Liquid
  • Solid

By Mode of Application

  • Foliar Spray
  • Seed Treatment
  • Soil Treatment

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Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Crop Protection Chemicals Market Research/Analysis Report Contains Answers to the following Questions .

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Crop Protection Chemicals Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Crop Protection Chemicals Market? What Was the Capacity, Production Value, Cost and PROFIT of the Crop Protection Chemicals Market?
  • What Is the Current Market Status of the Crop Protection Chemicals Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Crop Protection Chemicals Market by Considering Applications and Types?
  • What Are Projections of the Global Crop Protection Chemicals Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Crop Protection Chemicals Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Crop Protection Chemicals Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Crop Protection Chemicals Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Crop Protection Chemicals Industry?

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Reasons to Purchase Crop Protection Chemicals Market Report

  • Crop Protection Chemicals Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Crop Protection Chemicals Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Crop Protection Chemicals Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Crop Protection Chemicals Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Crop Protection Chemicals market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Crop Protection Chemicals market analysis.
  • The competitive environment of current and potential participants in the Crop Protection Chemicals market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Crop Protection Chemicals market should find this report useful. The research will be useful to all market participants in the Crop Protection Chemicals industry.
  • Managers in the Crop Protection Chemicals sector are interested in publishing up-to-date and projected data about the worldwide Crop Protection Chemicals market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Crop Protection Chemicals products' market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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About Custom Market Insights:

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