Global Crop Protection Chemicals Market by Product (Biopesticides, Herbicides, Fungicides, Insecticides) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global crop protection chemicals market was worth USD 58.38 trillion in 2019. It is expected to grow at a moderate CAGR (3%) between 2020 and 2027. To counter threats to food security, the main growth driver is a greater emphasis on crop production. Globally, the agricultural sector has made significant progress in terms of regulatory interventions to ensure safe farming practices and improving overall farming culture and practices. Agrochemical-based institutions have been encouraged to improve their products and to invest in research to find greener alternatives. Companies have been involved in the commercialization of bio-based chemicals derived from plant, mineral, bacteria, or animal sources. The industry has made great strides in biopesticides. Over 1,500 biopesticides are currently registered with more than 300 active ingredients that have been proven to have pesticide properties.

The United States is home to over 913 million acres worth of farmland and natural farmlands. It is the country with the highest exports of agricultural products in North America. In 2018, the country earned around USD 133 million in revenue. The country's 2018 revenue was USD 133 billion.

The increased focus on food security has led to the adoption of new methods for efficient cultivation of mixed crops, and improved crop yield. The awareness of harmful pesticides in agriculture has increased. This has led to a rise in demand for sustainable chemicals from animal, plant, and bacterial sources. This will help reduce soil pollution and contamination.

Bio-based chemicals have been developed for crop protection. This is more evident in western economies where the agricultural sector has undergone technological revolutions. Farmers are not only aware of the importance of organic compounds, but also are willing to invest in these products to protect their crops.

Future growth in the crop protection chemicals market is dependent on the global harmonization of agricultural standards and the introduction sustainable farming practices to emerging economies. The empirical data on global agriculture and agricultural yields shows that the demand for food products will rise significantly in the coming years. This will also lead to an increase in crop production. These factors will lead to a high demand in the global market for pesticides, and other crop protection products.

Product Insights

The highest market share for crop protection chemicals was held by herbicides. This is due to the increasing use of non-selective herbicides in various areas of agriculture. Glyphosate Atrazine and 2,4 D are some of the most commonly used active ingredients. Their use in weed control has increased due to recent developments in non-selective herbicides.

There is an increase in crop protection chemicals such as nematicides or acaricides. Even though the market is niche, there is increasing awareness about better crop protection against mites, ticks and worms. This is not only during cultivation, but also when transporting and storing farm produce. The market is expected to grow over the forecast period.

Insecticides were the second-largest product category, with a value of USD 28.22 trillion in 2019. Because insects are a major threat to staple crops, insecticides are widely used. Integrated Pest Management (IPM), has become less dependent on insecticides to protect their yields over the years. Due to the high costs associated with IPM, insecticide demand is likely to continue to be high in emerging economies like South America, the Middle East and parts of Asia.

Application Insights

Cotton is one the most important crops in India, China and the United States. Over the past decade, these countries have seen an increase in yields and production volume. These three countries produced 13,269 million metric tons of cotton in 2018-19. The demand for crop protection chemicals will rise as a result of the increase in cotton cultivation.

These chemicals are also needed for the cultivation of grains and cereals. In 2019, crop protection chemicals were consumed at a total of USD 24.47 trillion. In 2019, crop protection chemicals were consumed at USD 24.47 billion. This is due to shrinking farmlands and increased emphasis on food crops. Global companies have already registered over 800 chemicals to protect yields around the world. They are working hard to develop new products that exceed international industry standards. These products are safe for farmers, customers, and the environment. The largest market share is held by fruits and vegetables, along with cereals and grain. They are also the most sought-after products because they can be used to meet the high demands of the farmers.

Regional Insights

North America was the largest market, with 11.20 million tonnes of food consumed in 2019. Many multinational agricultural companies are based in the region, including many U.S.-based ones. The region's agrarian economy is driven by rapid adoption of technology by the farming community and a variety of regulatory frameworks that monitor positive growth. The industry will likely pick up speed due to sustainable cultivation practices, rapid product development, and other factors.

Europe has a centralized and uniform regulatory system. It has been an innovator in crop protection and advances in agrarian practices around the world. Biopesticides are the most popular product category due to increasing regulatory support and increased involvement by local government agencies.

Asia Pacific is the world's largest consumer of crop protection chemicals. The demand has been driven by emerging economies like Thailand, Indonesia, China and Malaysia. The West Asia region has seen a rise in economic conditions that has allowed for technological advances. India and China are both powerhouses in various agricultural products and part of the region's high-export community.

Crop Protection Chemicals Market Insights

BASF, Syngenta and Bayer Crop Science are some of the major companies that operate in this area. Multinational corporations are able to build sophisticated supply networks through either third-party distributors, or internal supply channels. To achieve significant integration in product development and manufacturing, companies are investing heavily in active ingredients production.

Farmers and co-operatives are the key end-users. The value of crop protection chemicals depends on the quality of raw materials, R&D, and regulatory approvals. To develop better pesticide specifications, companies engage in extensive R&D. Chemicals are subject to numerous regulations, including codes of practice, registration of chemicals, codes for environmental and health impact, laboratory testing of the product and controls on storage, transportation, and use.

Crop Protection Chemicals Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth and volume at the global, regional and country levels. It also provides analysis of industry trends for each sub-segment from 2016-2027. Grand View Research has divided the global crop protection chemicals market report by product, region, and application.

• Product Outlook (Volume of Kilotons; Revenues, USD Millions, 2016-2027)

  • Herbicides

    • By Product

      • Selective

      • Non-Selective

    • By Active Ingredients

      • Glyphosate

      • Atrazine

      • 2,4-D

      • Other

  • Fungicides

    • By Active Ingredients

      • Chlorathalonil

      • Sulfur

      • PCNB

      • Maneb

      • Other

  • Insecticides

    • By Active Ingredients

      • Malathion

      • Carbaryl

      • Chlorpyrifos

      • Other

  • Biopesticides

  • Other

• Application Outlook (Volume of Kilotons; Revenue USD Millions, 2016-2027)

  • Cereals & Grains

  • Oilseeds and Pulses

  • Fruits & Vegetables

  • Other

• Regional Outlook (Volume of Kilotons; Revenue USD Millions, 2016-2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • U.K.

    • Eastern Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Indonesia

    • Thailand

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global crop protection chemicals market was valued at USD 58.30 million in 2019, and is forecast to grow to USD 60.18 billion by 2020.

b. Global crop protection chemicals market to reach USD 75.54 million by 2027 is expected to grow at 3.3% compound annual growth rate between 2020 and 2027.

b. With a 30.5% share in 2019, Asia Pacific was the dominant region in crop protection chemicals. This is due to remarkable advancements in farming methods and regulatory intervention to promote safe and sustainable food production.

b. Key players in the crop protection chemicals industry include Syngenta and Bayer Crop Science as well as BASF, Syngenta and Hansen.

b. b.

Up Market Research published a new report titled “Crop Protection Chemicals Market research report which is segmented by Product (Biopesticides, Herbicides, Fungicides, Insecticides), By Players/Companies Hansen, Syngenta, PI Industries, Cheminova, Bayer Crop Science, Corteva, BASF”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Crop Protection Chemicals Market Report Segments:

The market is segmented by Product (Biopesticides, Herbicides, Fungicides, Insecticides).

Crop Protection Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Crop Protection Chemicals Market

Overview of the regional outlook of the Crop Protection Chemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Crop Protection Chemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Crop Protection Chemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Biopesticides

                2. Herbicides

                3. Fungicides

                4. Insecticides

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Crop Protection Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Crop Protection Chemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.