Crop Protection Chemicals Market Size, Share, Growth Drivers, Opportunities, Top Companies, Industry Overview, and Revenue Forecast

Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic & Biopesticides), Form, Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2029
The [https://www.prnewswire.com/news-releases/crop-protection-chemicals-market-worth-101-0-billion-by-2029--exclusive-report-by-marketsandmarkets-302181635.html] is projected to reach USD 101.0 billion by 2029 from USD 79.3 billion by 2024, at a CAGR of 5.0% during the forecast period in terms of value. Climate change is altering weather patterns, resulting in new and more persistent threats from pests and diseases. For example, warmer temperatures and changing precipitation patterns can expand the range of pests like the Fall Armyworm, which has caused significant crop damage across Africa and Asia. The increased prevalence and severity of such threats drive the demand for crop protection chemicals to safeguard yields. The Food and Agriculture Organization (FAO) estimates that 20-40% of global crop production is lost annually due to pests, highlighting the critical need for effective crop protection. Governments worldwide are implementing policies and providing subsidies to support the agricultural sector. For instance, the Indian government's Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme offers insurance to farmers against crop loss due to pests and diseases, indirectly promoting the use of crop protection chemicals. Additionally, regulatory frameworks guide the safe and effective use of these chemicals, boosting their adoption.

Image: https://www.marketsandmarkets.com/Images/crop-protection-chemical-market.jpg

Crop Protection Chemicals Market Drivers [https://www.linkedin.com/pulse/crop-protection-chemicals-market-size-share-industry-overview-scott-ubfaf/]: Increasing need of food security for the rising population

As the world's population continues to grow, the demand for food escalates, necessitating higher agricultural productivity and efficiency. Crop protection chemicals play a crucial role in maximizing yields by safeguarding crops from pests, diseases, and weeds, which can cause significant losses. Ensuring stable and abundant food supplies is critical to addressing food security challenges, and the effective use of crop protection chemicals helps farmers achieve this by enhancing crop resilience and productivity. This demand for higher agricultural output to feed a growing population thus propels the growth and innovation in the crop protection chemicals market.

Crop Protection Chemicals Market Opportunities [https://medium.com/@edwardscott2090/crop-protection-chemicals-market-overview-trends-growth-drivers-and-recent-develo-58a3dfa0dae2]: Integrated pest management (IPM)

Integrated Pest Management (IPM) presents a substantial opportunity for the crop protection chemicals market by promoting a balanced and sustainable approach to pest control that incorporates chemical, biological, cultural, and physical methods. IPM strategies advocate for the judicious use of crop protection chemicals, applying them only when necessary and in combination with other control techniques to minimize environmental impact and prevent resistance build-up in pests. This approach encourages the development and use of more targeted, environmentally friendly chemical products that fit within IPM frameworks. Consequently, it opens avenues for innovation and growth in the market as companies develop new formulations and technologies that align with IPM principles, thereby catering to the increasing demand for sustainable and effective pest management solutions.

In the crop type segment cereals & grains segment holds the largest market share in the crop protection chemicals market.

Staple crops such as wheat, rice, corn, and barley are essential for human and livestock consumption, driving substantial demand for effective crop protection solutions to ensure their high yield and quality. These crops are particularly vulnerable to a wide range of pests, diseases, and weeds, necessitating the extensive use of herbicides, insecticides, and fungicides. Additionally, the large-scale cultivation and significant economic value of cereals and grains amplify the need for crop protection chemicals, as any potential yield loss directly impacts food supply chains and market stability. Consequently, the critical importance of safeguarding these staple crops solidifies the dominance of the cereals and grains segment within the crop protection chemicals market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=380

In the mode of application segment, seed treatment segment is expected to grow at highest CAGR during the forecast period.

Seed treatment involves applying crop protection chemicals directly to seeds before planting, aiming to protect them from pests, diseases, and other stressors during germination and early growth stages. This method offers several advantages, including efficient use of chemicals, targeted application, and minimal environmental impact compared to traditional spraying methods. The increasing adoption of precision agriculture and advancements in seed coating technologies contribute to the growing popularity of seed treatments. Moreover, seed treatment ensures uniform coverage and better efficacy, enhancing crop establishment and yield potential. As farmers seek cost-effective and sustainable solutions to maximize crop productivity, the seed treatment segment is expected to experience significant growth, driven by its effectiveness and compatibility with modern agricultural practices.

The Asia Pacific region is expected to dominate the crop protection chemicals market during the forecast period.

This dominance & rapid growth is fueled by the region's substantial agricultural base and the increasing need to enhance crop yields to feed a burgeoning population. Asia-Pacific accounts for over 60% of the world's population, with countries like China and India leading in agricultural production. In these countries, agriculture contributes significantly to the GDP, necessitating efficient crop protection solutions to ensure food security and economic stability. The region faces severe pest and disease pressures due to diverse climatic conditions, further driving the demand for effective crop protection chemicals. For instance, the prevalence of pests like the Fall armyworm has led to substantial crop losses, prompting governments and farmers to invest in robust pest management solutions. The increasing adoption of modern farming practices and technologies in countries like Japan, Australia, and South Korea is boosting the market for advanced crop protection products. These advancements include precision agriculture, which optimizes the application of chemicals, reducing wastage and enhancing effectiveness.

[https://www.marketsandmarkets.com/ResearchInsight/crop-protection-chemicals-market.asp]

The key players in the market include BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), Syngenta Group (Switzerland), Corteva (US),UPL (India), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), Albaugh LLC (US), Koppert (Netherlands), Gowan Company (US), American Vanguard Corporation (US), Kumiai Chemical Industry Co., Ltd (Japan), PI Industries (India), and Chr. Hansen A/S (Denmark). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, and they are supported by manufacturing facilities and well-established distribution networks spanning these regions.

BASF SE (Germany)

BASF SE Group operates globally with 234 production sites, including six Verbund sites, and relies on approximately 112,000 employees worldwide. Its operations encompass diverse segments such as Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. Offering a wide array of system solutions and services, BASF SE caters to industries ranging from chemicals, automotive, and building to agriculture, oil, plastics, electrical, electronics, furniture, and paper. Within its Agricultural Solutions division, BASF SE specializes in providing crop protection products. BASF SE, a leader in the crop protection industry, had a broad portfolio of fungicides, insecticides, herbicides, seed treatments, and pest control products. Additionally, the company provided biological crop protection products and solutions for improving plant health and nutrient management in the soil. Through its digital services, BASF SE helped farmers manage and interpret a wide range of farm and field-related information more efficiently, facilitating better crop management decisions.

Syngenta Group (Switzerland)

Syngenta Group, a leading player in the crop protection industry, operates globally with 150 subsidiaries and a rich legacy spanning over 250 years. With around 60,000 employees across 100 countries, the company is committed to advancing agriculture through science-driven innovations, aiming for increased productivity, food quality, and environmental sustainability. Embracing Regenerative Agriculture, Syngenta collaborates closely with farmers to enhance soil health, preserve natural resources, and promote biodiversity while enhancing farm profitability. Headquartered in Shanghai, China, with administrative offices in Switzerland, Syngenta Group comprises four main divisions: Syngenta Crop Protection, Syngenta Seeds, ADAMA, and Syngenta Group China. These divisions collectively offer state-of-the-art solutions to meet diverse customer needs worldwide. These divisions also provide a range of crop protection products to farmers globally.

[https://www.marketsandmarkets.com/Market-Reports/crop-protection-380.html]

In January 2024, Gowan Crop Protection Limited, an affiliate of Gowan Company, LLC, had entered into agreements with Syngenta Crop Protection AG to acquire global rights to the active ingredient cyromazine. The acquisition encompassed product registrations and trademarks, including TRIGARD and LEPICRON, along with related intellectual property and labels.

In March 2023, Corteva solidified its position as a global leader in the rapidly expanding biologicals market by announcing the completion of its acquisitions of Symborg, an expert in microbiological technologies based in Murcia, Spain, and Stoller, one of the largest independent companies in the biologicals industry, based in Houston, Texas, US.

In December 2023, Albaugh LLC announced that it had received registration from the U.S. Environmental Protection Agency for its Maxtron 4SC herbicide (EPA Reg. No. 45002-37). Maxtron 4SC, containing ethofumesate, is a broad-spectrum herbicide designed to selectively control key weeds such as annual sowthistle, puncturevine, and purple and yellow nutsedge in sugar beets, garlic, onions, and other crops. This approval bolstered Albaugh LLC's position in the crop protection chemicals market by expanding its product lineup with a versatile and effective herbicide, enhancing its ability to meet the diverse weed control needs of farmers and improve crop yields.

Schedule a call with our Analysts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=380

About MarketsandMarkets Trademark

MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=crop-protection-chemicals-market-size-share-growth-drivers-opportunities-top-companies-industry-overview-and-revenue-forecast]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/crop-protection-380.html



This release was published on openPR.