GLOBAL CROP PROTECTION CHEMICALS MARKET - MARKET SIZE & FORECAST TO 2032
The global crop protection chemicals market is estimated to be worth of USD 50.82 Billion in 2022 and is growing at a CAGR of 5.56% during the forecast period from 2023 to 2032. The crop protection chemicals market research report discusses the importance of the segments as well as the regional markets. An accurate overview for different segments and regions has been prepared on the basis of the market size as well as the growth rate (CAGR). The market research offers a growth map of the global crop protection chemicals market to help clients design the required strategies to meet their business goals.
Crop protection chemicals are used to protect crops from pests, diseases and weeds. The chemicals includes insecticides, fungicides, herbicides and many among others. Herbicides are those chemicals that kills or inhibits the growth of unwanted plants. Insecticides are generally used to kill insects and mites. Fungicides are generally used to prevent the growth of pathogenic fungi. Across the world, there are over 800 chemicals registered for crop protection. Fruits & vegetables are most common form of crop types where in crop protection chemicals are used followed by different types of oil seed crops and grain type crops.
With booming population globally, demand for food grains is anticipated to increase at a faster pace as compared to its production. Additionally, rising awareness for crop protection in order to increase healthier and higher yields is anticipated to trigger the growth of crop protection chemicals market during the forecasted period. Furthermore, the rising concerns of crop failures across the globe due to various man made and natural factors as a result of global warming is anticipated to boost the crop protection chemicals market during the review period.
Key market players profiled for Crop Protection Chemicals are Adama Agriclutural Solutions Ltd. (Israel), America Vanguard Corporation (US), BASF SE (Germany), Bayer Cropscience AG (Germany), Bioworks Inc. (US), Chr. Hansen (Denmark), Corteva Agriscience (US), Dow (US), FMC Coropration (US), Hubei Xingfa Chemicals Group Co. Ltd. (China), NufarmLimited (Australia), Rallis India Ltd. (India), Sumitomo Chemical (Japan), Syngenta AG (Switzerland), UPL Limited. (India), Valent US (US), Verdesian LIfescineces (US) , Zhejiang XinAn Chemical Industrial Group Co Ltd. (Wynca - China), and Others
Based on region, the crop protection chemicals market has been segmented into North America, Europe, Asia pacific,
Africa, and South America. In 2022, the Asia Pacific accounted for the significant share xx.xx% in the global crop
protection chemicals market. This region was valued at usd xx.xx million in 2022, and it is projected to grow at a CAGR
of xx.xx% during the forecast period, reaching USD xx.xx million by 2032.
Asia holds the biggest portion of the crop protection chemicals market and is expected to remain dominant during the
forecasted period. China, India, Japan, and the rest of Asia Pacific make up the major markets in the area. According
to Asian Development Bank, more than 2.2 billion people in the region rely on agriculture for their livelihoods in which
rice is by far the most important crop with 90% of the world's production and consumption occurs in this region.
Agriculture industry in Asia Pacific is increasing as a result of rising consumer awareness of pesticides and ongoing
technical improvements. Agribusiness firms have also been pushed to expand their supplier and production bases in
the region due to the increased cultivation and growing demand for crops in the Asia-Pacific region.
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