Press release
Crop Protection Chemicals Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Crop Protection Chemicals Market
The escalating demand for food due to the burgeoning population is significantly fuelling the expansion of the crop protection chemicals market. Any nutrient-rich substance consumed by individuals to sustain growth and life is food. With the increasing global populace, the need for high-yield crops and their protection also escalates. Consequently, the requirement for crop protection chemicals used in agricultural practices also intensifies. For example, in May 2022, data from the Food and Agriculture Organization (FAO) indicated that around 258 million individuals in 58 countries experienced acute food insecurity at crisis or worse levels (IPC/CH Phase 3-5). Economic shocks, such as the ongoing war in Ukraine and surging inflation, are contributing to this distressing trend, which is expected to persist in 2023 and beyond amidst ongoing conflicts, climate change, and macroeconomic challenges worldwide.
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How will the growth rate of the crop protection chemicals market shape industry trends by 2034?
The size of the crop protection chemicals market has experienced significant growth in the past few years. The market which is projected to be worth $70.47 billion in 2024 will expand to $75.3 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%. The positive trajectory recorded in the historical period is mainly due to the heightened demand for control of agricultural pests and diseases, advancements in pesticide and herbicide solutions, enhancement of crop yield, evolving farming techniques, and an escalating population growth.
Over the coming years, the market for crop protection chemicals is projected to experience robust expansion. With a compound annual growth rate (CAGR) of 7.9%, the market is predicted to escalate to $102.16 billion by 2029. The growth is largely credited to factors such as increased global food demand, precision farming, the rise of new crop diseases, growth in trade and export demand, as well as biotechnology and genetic modification advancements. Significant trends for the forecast period encompass novel organic farming methods, the role of data analytics and artificial intelligence in farming, integrated pest control, sustainability initiatives, and the adoption of industry 4.0.
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What trends are poised to drive the future success of the crop protection chemicals market?
Developments in technology have become a primary trend within the crop protection chemicals industry. Top entities within this sector are working towards the creation of innovative technological solutions aimed at facilitating their expansion and meeting consumer requirements. To illustrate, in June 2024, Syngenta Crop Protection, an agricultural science and technology enterprise from Switzerland, introduced the PLINAZOLIN and TYMIRIUM technologies. PLINAZOLIN, a revolutionary insecticide, operates through contact and ingestion, while TYMIRIUM technology provides a solution for harmful nematodes and soil-related diseases while conserving advantageous species. This offers protection solutions for both turf and decorative crop protection.
Which primary segments of the crop protection chemicals market are driving growth and industry transformations?
The crop protection chemicals market covered in this report is segmented -
1) By Type: Fungicide, Insecticide, Nematicide, Herbicide
2) By Origin: Synthetic, Bio-Based
3) By Mode Of Applications: Foliar Spray, Soil Treatments, Seeds Treatments, Other Mode Of Applications
4) By Applications: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercials Crop
Subsegments:
1) By Fungicide: Systemic Fungicides, Contact Fungicides, Biofungicides
2) By Insecticide: Pyrethroids, Neonicotinoids, Organophosphates, Insect Growth Regulators (IGRs), Biological Insecticides
3) By Nematicide: Chemical Nematicides, Biological Nematicides, Fumigant Nematicides
4) By Herbicide: Selective Herbicides, Non-Selective Herbicides, Pre-emergent Herbicides, Post-emergent Herbicides, Glyphosate-based Herbicides, Biological Herbicides
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Which geographical regions are pioneering growth in the crop protection chemicals market?
North America was the largest region in the crop protection chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crop protection chemicals market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the crop protection chemicals market landscape?
Major companies operating in the crop protection chemicals market include BASF SE, Bayer CropScience AG, Syngenta International AG, Sumitomo Chemical Company Limited, Nufarm Limited, China National Chemical Corporation, Corteva Inc., UPL Limited, FMC Corporation, American Vanguard Corporation, ISAGRO S.p.A., BioWorks Inc., Ishihara Sangyo Kaisha Ltd., Marrone Bio Innovations Inc., Rotam CropScience Ltd., Dow Inc., Arysta LifeScience Corporation, ADAMA Agricultural Solutions Ltd., Nippon Soda Co. Ltd., Gowan Company LLC, Albaugh LLC, Sinochem Group Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Nutrichem Company Limited, Sipcam Oxon Group, Certis LLC, Cheminova A/S, Nihon Nohyaku Co. Ltd., Rallis India Limited, Sino-Agri United Biotechnology Co. Ltd.
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What Is Covered In The Crop Protection Chemicals Global Market Report?
•Market Size Forecast: Examine the crop protection chemicals market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the crop protection chemicals market for a structured understanding.
•Key Players Overview: Analyze major players in the crop protection chemicals market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the crop protection chemicals market.
•Segment Contributions: Evaluate how different segments drive overall growth in the crop protection chemicals market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the crop protection chemicals market.
•Industry Challenges: Identify potential risks and obstacles affecting the crop protection chemicals market.
•Competitive Landscape: Review strategic developments in the crop protection chemicals market, including expansions, agreements, and new product launches.
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