Asia-Pacific crop protection pesticides market has been estimated at USD 17.57 billion in 2023 and is projected to reach the valuation of USD 23.95 billion by 2028, growing at a CAGR of 6.40% during the forecast period from 2023 to 2028.
Bio-pesticides are beneficial to the ecological chain and environment and are also effective in controlling agricultural pests.
In the Asia-Pacific region, continuously evolving technology and advancement are driving the most important change in farming practices. Uprising technology and advancements in agricultural chemistry are enabling farmers to engage in effective pest management. The increasing awareness about pesticides has not only resulted in increased use of pesticides but also an increase in awareness regarding potential crop savings in developing nations. On the negative side, restraints limiting market growth include mounting costs of research and development and the controversy surrounding the adoption of genetically modified crops.
This research report on the Asia-Pacific crop protection pesticides market is segmented and sub-segmented into the following categories.
Asia-Pacific Crop Protection Pesticides Market - By Crop-based Application:
Asia-Pacific Crop Protection Pesticides Market - By Non-crop-based Application:
The pesticide market is also segmented into types, which are further subdivided into Synthetic and Bio-pesticides. Each of these is further subdivided into Herbicides, Insecticides, Fungicides, Other Synthetic Pesticides and Bio-herbicides, Bio-insecticides, Bio-fungicides, and Other Bio-pesticides, respectively. Crop protection chemicals market is being dominated by herbicides, followed by synthetic fungicides
Asia-Pacific Crop Protection Pesticides Market – By Country:
Being the world’s largest as well as most populous continent, Asia-Pacific is one of the key markets for crop protection chemicals. The use of pesticides is becoming a common practice in countries such as India, China, and other less developed countries in the region, leading to the growth in areas where there had previously been very little or no pesticide usage. China and India are the leaders in the consumption of pesticides in the region. Crop-based applications occupy the largest share of the volume of pesticide consumption in Japan. Rice is the most important food crop in South Korea accounting for a maximum share of the pesticide market in this region.
KEY MARKET PLAYERS:
Some of the major key players in the Asia-Pacific crop protection pesticides market are Marrone Bio Innovations, DuPont, Arysta Life Sciences, BASF, and Dow AgroSciences are the most active companies in the Asia-Pacific Crop Protection Pesticides market along with American Vanguard, Cheminova, Chemtura Corp, Monsanto, Natural Industries, Bayer CropScience, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG, Valent Biosciences, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Chr Hansen, and BioWorks.
Frequently Asked Questions
As of the latest available data, the Asia-Pacific Crop Protection Pesticides Market is worth USD 17.57 billion in 2023.
Key contributors to the market growth in the Asia-Pacific region include China, India, Japan, and Australia.
Precision farming technologies are positively influencing the market by enhancing the efficiency of pesticide application and reducing environmental impact.
Countries like Japan and South Korea are experiencing significant growth in the demand for organic pesticides, driven by consumer preferences for organic produce.
Marrone Bio Innovations, DuPont, Arysta Life Sciences, BASF, and Dow AgroSciences, are the most active companies in the Asia-Pacific Crop Protection Pesticides market.
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