Crop Protection Pesticides Market Growing Across The Globe During 2023

According to Precision Business Insights (PBI), the latest report, the crop protection pesticides market size was valued at USD 43,240.1 million in 2022 and is poised to grow at a CAGR of 5.3% during the forecast period 2023-29. The primary drivers of the expansion of the global crop protection pesticides market include the increasing demand for food across the globe, in addition, the increasing adoption of modern farming practices, and the increasing demand for bio-based crop protection pesticides is expected to boost the growth of crop protecting pesticides.

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The Cereals & Grains Segment is expected to Dominate the Crop Protection Pesticides Market:
Based on the crop type, the global Crop Protection Pesticides market is segmented into grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and others. The cereals and grains segment is expected to account for a larger revenue share in the global crop protection pesticides market. This rising consumption of cereal and grains like rice, oats, corn, wheat, barley, and sorghum in different regions such as North America and Asia Pacific is expected to drive the crop protection pesticides market in this segment. For instance, according to the US Department of Agriculture, the production of grains in North America increased to 454,922 tons in 2022 from 437,578 tons in 2019

Asia Pacific Crop Protection Pesticides Market
The Asia Pacific crop protection pesticides market is expected to increase over the forecast period due to its large agricultural base in countries like India, China, Japan, and Australia. In addition, rising awareness about the impact of chemical-based crop protection pesticides on human health is expected to increase the demand for eco-friendly, natural bio-based crop protection pesticides among the farmers in this region. Furthermore, the growing importance of organic products among the younger generation and increasing adoption of health and wellbeing trends in countries like China, and Japan is expected to boost the growth of crop protection pesticides in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global Crop Protection Pesticides market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The crop protection pesticides market is segmented based on type, crop type, mode of application, source, and geography.
Based on the type, the market is segmented into the following:
• Herbicides
• Insecticides
• Fungicides
• Others

Based on the crop type, the market is segmented into the following:
• Grains and Cereals
• Pulses and Oilseeds
• Fruits and Vegetables
• Commercial Crops
• Others

Based on the source, the market is segmented into the following:
• Synthetic
• Bio-based

Based on the mode of application, the market is segmented into the following:
• Seed Treatment
• Soil Treatment
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Key players profiles in the crop protection pesticides market report are Bayer Crop Science, Syngenta AG, BASF, Corteva, Inc., FMC Corporation, ChemChina, Sumitomo Chemicals, UPL Ltd., Nufarm, Rotam Crop Science Ltd.

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This release was published on openPR.