The global crop protection chemicals market was valued at USD 78.03 billion in 2023 and is anticipated to reach USD 82.05 billion in 2024 from USD 122.62 billion by 2032, growing at a CAGR of 2024 to 2032.
The crop protection chemicals market continues to gain traction owing to the steep rise in food prices due to Ukraine-Russia in Europe and the escalating impact of climate change on yield. The demand for agrochemicals has also increased because of trade sanctions on Russia. Presently, worldwide the number of registered crop protection chemicals is approximately 800. Despite all the demand, the market still seems quite sluggish, and this can be credited to macroeconomy problems, the pattern of periodic variation of the agrochemical sector, and the alteration in supply and demand. Also, in the 8th China Pesticide Exporting Workshop (2024 CPEW), the experts and representatives from 26 countries worldwide reiterated that the agrochemical sector is witnessing intense changes and shifts in technical incorporation and digital unification which call on companies and organizations to enhance innovation and partnership and to transition to the systematic thought process from the product-based approach.
The market is strongly believed to accelerate rapidly due to crop protection organizations, firms, and other stakeholders' use of artificial intelligence to create products or solutions for resistant weeds. Cultivators are targeting to integrate an advanced technological tool, i.e., artificial intelligence, to address their constant struggle against weeds. Their yield has obtained immunity against the go-to chemical sprays. Hence, prominent agricultural players involving Syngenta, BASF, Corteva, and Bayer are directing their efforts towards the innovation of novel chemicals to solve the problem of weeds and other insects and bugs like fungi and pests. This is ultimately benefiting the market. Cultivators are shifting to mixology to discover the most effective weedkiller formula and also new herbicides. For instance, Bayer is utilizing an AI system, internally called ″CropKey,″ to assist in meeting the weed’s protein structure with a chemical molecule which aims that formation by transitioning via data quickly than humans.
The rise in demand for food security for the growing population, along with the decline in arable land worldwide propel the growth of the crop protection chemicals market. The rise in crop loss due to various pest attacks helped the growth of the worldwide market. According to the National Institute of Food and Agriculture under the U.S. Department of Agriculture, yearly, between 20 percent to 40 percent of agricultural production is destroyed because of pests. The global industry loses about 220 billion dollars annually due to plant diseases and another 70 billion dollars because of invasive insects. Therefore, all these issues are majorly driving the demand for crop protection chemicals.
Strict regulations from the government authorities are one of the major restraints impeding the growth of the crop protection chemicals market. The availability of alternative devices in the market is another major limitation affecting the expansion of the market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
5.15% |
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Segments Covered |
By Type of Origin, Type, Crop Type, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Dow Chemical Company (US), BASF SE (Germany), E I Du Pont De Nemours and Company (US), Sumitomo Chemical Co Ltd, (Japan), and Syngenta AG (Switzerland). |
The synthetic crop protection segment holds the major percentage of the crop protection chemicals market owing to its growing application in emerging nations of Latin America, Asia Pacific, the Middle East, and Africa, ease of accessibility, high productivity, and reduced expense compared to biological alternatives. On the other hand, the biopesticides segment is quickly gaining ground and is believed to maintain its growth trajectory in the coming years. This can be attributed to the rising demand for biological products by farmers as they are less toxic and environmentally friendly. The segment’s market share is also elevated by the surging popularity of sustainable agriculture, rising ecological and community health issues about the application of crop protection chemical solutions, the high need for pesticide-free and organic-compliant farming goods, and the programs and policies by governments around the world to encourage the usage of biological crop protection solutions.
The herbicides segment holds a substantial portion of the crop protection chemicals market due to high crop loss by harmful weeds and the high effectiveness of herbicides to reduce crop loss. Moreover, the rise in consumer demand for effective weed management products is another major propellent of the segment’s market share. In addition, the elevated use of herbicides in row-crop agriculture, as they increase food output by containing the expansion of weeds. Apart from this, the necessity to boost crop yield, because of the expanding population around the world is also encouraging segment’s market size. Besides this, industry players investing in herbicide preparation are seeking to accomplish micro-accuracy in weed management. They are currently emphasizing details like genetic properties to produce personalized herbicidal products.
The cereals and oilseeds segment experienced strong growth in the crop protection chemicals market in the last few years. Customers progressively search for whole-grain and high-protein cereals along with extra advantages such as vitamins, Probiotics and fiber. This transition has resulted in new product introductions personalized to particular dietary requirements, consisting of organic, vegan and free-from-gluten choices. Moreover, the popularity of handy on-the-go morning food options like breakfast bars, granola, oats, flax seeds, and muesli further accelerates the segment’s market growth. Another major trend in the industry is the rising demand for plant-based morning cereals.
The liquid segment continues to command the crop protection chemicals market and is predicted to remain in the growth course throughout the forecast period. The segment’s substantial market share can be credited to the consistent & convenient use of liquid type, improved performance, and prolonged effective period, i.e., up to 6 months against dry kind, which is up to 3 months. Moreover, the escalating evolution and development of agriculture practices and techniques is another factor accelerating the segment’s market share. In addition, the growing significant crop damage because of pest attack.
The seed Treatment segment accounts for the largest portion of the crop protection chemicals market share. The segment’s market growth is rising into a flourishing sector and is propelled by technological developments, state or public support, and an expanding need for superior-quality seeds. Apart from this, it has revolutionized the farming industry with a synthetic approach, which solves several issues impacting crop production and quality from a single product model. Additionally, the treated seed’s expansion potential continues to be bright in the matured industries of developed countries that are shifting to sufficient, enduring, eco-friendly, and artificial products.
Asia Pacific holds the major market share of the crop protection chemicals industry owing to the increasing usage of these chemicals and the rise in crop loss due to various pest attacks in some countries like India, China, Japan, Indonesia, and Thailand. Also, the progressive adoption of fabric printing in emerging countries like India and China is helping the growth of the revenue rate in the Asia Pacific area. Besides this, the rising knowledge and understanding about the application of protection solutions for crops amongst small and marginal food cultivators in the area has fueled the regional market share. Progress of APAC under the farming of high-value and export-driven crops is expected to influence the market development in Asia Pacific. The expanding population in the area and the escalating demand for food harvests also improve pesticides in the APAC.
North America region is the second-largest share of the market of crop protection chemicals due to the increase in investments for the new technological advancements in the field. According to a study, it is projected that about 37 % of the potential produce of plant crops in North America is destroyed by pests
European industry is expected to increase market share during the forecast period owing to the surge in the number of manufacturers in nations like Germany, Italy, and Spain. The rise in the continent’s market size is because of the growing need for natural products, greater government backing, progressive consumption of organic produce over synthetic ones and heightening health awareness.
Some of the key players in the crop protection chemicals market are The Dow Chemical Company (US), BASF SE (Germany), E I Du Pont De Nemours and Company (US), Sumitomo Chemical Co Ltd, (Japan), and Syngenta AG (Switzerland). Most companies explore new regions by innovating new products, collaborating with other companies, and acquisitions across the globe to increase the demand in the market and also to improve the revenue of their company.
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