Press release
Population Growth And Food Security Driving Expansion In The Crop Protection Chemicals Market
Crop Protection Chemicals Market Size
What Is the Crop Protection Chemicals Market Size and Projected Growth Rate?
In recent times, there has been a significant increase in the size of the crop protection chemicals market. The market is expected to rise from a worth of $70.47 billion in 2024 to $75.3 billion in 2025, escalating at a compound annual growth rate (CAGR) of 6.9%. This growth during the historic period is primarily driven by a surge in demand for controlling pests and diseases in agriculture, enhancing crop yields, innovation in pesticides and herbicides, advancing farming methods, and a rising population.
The market for crop protection chemicals is predicted to experience significant expansion in the coming years, with its value expected to reach $102.16 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.9%. The projected growth throughout this period can be credited to factors like rising global demand for food, precision farming, the appearance of new crop diseases, growing requirements for trade and exports, and advancements in biotechnology and genetic modification. The future trends to watch out for include the adoption of innovative organic farming procedures, the utilisation of data analytics and artificial intelligence in farming, implementing integrated pest control, adherence to sustainable practices, and the uptake of industry 4.0 technologies.
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What Are the Major Segments in the Crop Protection Chemicals Market?
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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What Are The Driving Crop Protection Chemicals Market Evolution?
The escalating requirement for food due to the burgeoning population is notably bolstering the development of the crop protection chemicals market. Nutrient-rich substances eaten by individuals to sustain growth and life constitute food. The global population's expansion not only boosts the necessity for high-yielding crops and crop protection but also fuels the growth in demand for crop protection chemicals. For example, as reported by the Food and Agriculture Organization (FAO) in May 2022, an approximate 258 million individuals in 58 countries suffered severe food insecurity on crisis or worse scales (IPC/CH Phase 3-5). This disturbing pattern is propelled by aspects such as economic disturbances, including the prevailing war in Ukraine and soaring inflation. It is projected to persist through 2023 and beyond as conflicts, climatic transitions, and international economic difficulties continue.
Which Firms Dominate The Crop Protection Chemicals Market Segments?
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.
What Trends Are Expected to Dominate the Crop Protection Chemicals Market in the Next 5 Years?
In the crop protection chemicals market, the advent of progressive technologies has become a significant trend. Key players in this sector are concentrating their efforts on creation of novel technological methods to facilitate their expansion and satisfy consumer needs. For example, Syngenta Crop Protection, an agricultural science and technology firm based in Switzerland, introduced new technologies named PLINAZOLIN and TYMIRIUM, in June 2024. The PLINAZOLIN technology is an innovative insecticide that operates by contact and ingestion. On the other hand, TYMIRIUM technology is designed to combat damaging nematodes and soil-related diseases, and simultaneously preserving beneficial species, thereby providing solutions for turf as well as decorative crop protection.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Crop Protection Chemicals Market?
2. What is the CAGR expected in the Crop Protection Chemicals Market?
3. What Are the Key Innovations Transforming the Crop Protection Chemicals Industry?
4. Which Region Is Leading the Crop Protection Chemicals Market?
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