Pakistan Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Pakistan Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Pakistan crop protection chemicals market is projected to register a CAGR of 8.0% during the forecast period, 2021-2026.

In 2020, due to repeated lockdowns and quarantines during the COVID-19 pandemic, there were limited production and supply of crop protection chemicals, thereby affecting the market. Production of crop protection chemicals got declined sharply due to the shortage of inputs and labor. The supply chain got disrupted due to repeated shutdowns and a shortage of transport and communication. Overall, the disruption caused by the COVID-19 pandemic to the crop protection industry, from the suppliers to the farm level, resulted in reduced outputs. Some important crops in Pakistan include wheat, cotton, paddy, sugarcane, and vegetables, and the area under them is increasing rapidly. Wheat is the majorly cultivated crop in the country and contributes about 37.0% of the total food energy intake in Pakistan. This large acreage under high pesticide-consuming crops acts as a driver for the crop protection chemicals market.

Key Market TrendsInsecticides are Leading the Market

The insecticides segment leads the crop protection chemicals market in Pakistan. Synthetic insecticides capture 98.0% of the insecticides market, while bio-insecticides cover the rest. One of the widely used insecticides is against whitefly, a common pest for cotton in Pakistan. Movento, developed by Bayer Crop Science, is one of the most selling insecticides to prevent whitefly infestation in cotton. The two-way systemic movement of the insecticide makes it popular among the cotton farmers in Pakistan. Corn, rice, and wheat are the major crops treated with insecticides in the cereals and grains segment. Since cereals are grown almost everywhere, the demand for insecticides is high, and this trend is expected to continue in the future.

Large Acreage Under High Pesticide Consuming Crops

Overcoming the yield gaps, pesticide usage is one of the most important components in the crop production system. Insecticides and herbicides are considered to be important inputs to overcome the yield gap. Some important crops in Pakistan include wheat, cotton, paddy, sugarcane, and vegetables, and the area under them is increasing rapidly. Wheat is the core crop in the country, and it contributes about 37.0% of the total food energy intake in Pakistan.

Competitive Landscape

The Pakistan crop protection chemicals market is consolidated, with many big players occupying a major portion of the market, with diverse and increasing product portfolios. In terms of market share dominance, Syngenta Pakistan holds the largest share, followed by Ali Akbar Group and Arysta LifeSciences Corp., holding second and third places, respectively.

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