Crop Protection Chemicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Crop Protection Chemicals Market
The global crop protection chemicals market size was USD 61.42 billion in 2023 and is projected to grow from USD 64.18 billion in 2024 to USD 97.01 billion in 2032 at a CAGR of 5.30% during the analysis period from 2024 to 2032.
The COVID-19 impacted the crop protection chemical compounds marketplace hard by affecting the main supply chain disruptions. With borders closed and raw materials scarce, manufacturing and distribution confronted severe setbacks, affecting availability and main to delays in getting products to farmers once they wished them maximum.
The crop safety chemical substances market is developing because of their powerful role in boosting crop yields and making sure food security, specifically in principal purchasers like Brazil, China, and the U.S., in which pesticide use is high.
The crop protection chemical substances marketplace is seeing a upward push in included pest management (IPM) adoption, combining biological manage and different strategies for safer, long-term pest prevention. This approach no longer only boosts yields, as visible with rice and cotton, however also reduces environmental dangers and overall pest infestation rates.
Comprehensive Analysis of Crop Protection ChemicalsMarket
Segmentation in the Crop Protection Chemicals marketplace proportion is using the marketplace as it permits groups to target unique consumer companies with tailor-made services and answers. The Crop Protection Chemicals Market may be broken down into numerous categories. By type, it includes herbicides, insecticides, fungicides, and different chemicals. When looking on the supply, there are artificial chemical substances and biologicals. In terms of utility methods, the market is divided into foliar sprays, soil remedies, seed remedies, and other methods.
Asia Pacific leads the crop safety chemicals marketplace due to growing focus amongst small farmers, expanding cultivation of excessive-fee crops, and rising food call for pushed with the aid of a growing populace. These elements collectively improve the usage of insecticides in the region, helping sturdy market boom.
Leading organizations within the crop protection chemical materials marketplace are usually introducing new merchandise to cater to the numerous desires of farmers. In order to ensure that first-rate merchandise appeal to more customers, they are also increasing the world over, increasing production, driving the marketplace increase, and improving crop safety performance. Key players in the crop protection chemicals market include Syngenta AG (Basel, Switzerland), Bayer CropScience (Leverkusen, Germany), FMC Corporation (Pennsylvania, U.S.), BASF (Ludwigshafen, Germany), UPL Ltd. (Mumbai, India), Corteva, Inc. (Delaware, U.S.), ChemChina (Beijing, China), Nufarm (Melbourne, Australia), Sumitomo Chemicals (Tokyo, Japan), and Rotam CropScience Ltd (Hong Kong, China).
In November 2023, Insecticides (India) launched four new crop protection products—Nakshatra, Supremo SP, Opaque, and Million. This move targets the rising demand for Rabi crops in India, addressing the increased need for effective crop protection during the sowing season.
Segementation Table
Global Crop Protection Chemicals Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.30% over 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Herbicides
Insecticides
Fungicides
Others
By Crop Type
Cereals
Oilseeds and Pulses
Fruits and Vegetables
Others
By Source
Synthetic Chemicals
Biologicals
By Mode of Application
Foliar Spray
Soil Treatment
Seed Treatment
Others
By Geography
North America (By Type, Crop Type, Source, Mode of Application, and Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, Crop Type, Source, Mode of Application, and Country)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Rest of Europe (By Type)
Asia Pacific (By Type, Crop Type, Source, Mode of Application, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- South Korea (By Type)
- Vietnam (By Type)
- Indonesia (By Type)
- Malaysia (By Type)
- Rest of Asia Pacific (By Type)
South America (By Type, Crop Type, Source, Mode of Application, and Country)
- Brazil (By Type)
- Argentina (By Type)
- Chile (By Type)
- Peru (By Type)
- Rest of South America (By Type)
Middle East and Africa (By Type, Crop Type, Source, Mode of Application, and Country)
- South Africa (By Type)
- Egypt (By Type)
- Rest of the Middle East & Africa (By Type)
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