Crop Protection Chemicals Market

Crop Protection Chemicals Market was estimated at USD 59 Billion in 2020 and expected to grow at 3.3% CAGR over the forecast period.

Introduction of the Crop Protection Chemicals Market Report

Crop protection products, including crop pesticides, are generally used to decrease the yield losses resulted from pests and diseases. Over the past few years, the farmers used to control the infestation of insects and fungi through various inorganic compounds, including mercury salts. The growing importance of crop protection chemicals has increased the usage of crop protection chemicals. The global crop protection chemicals market covers two sources including natural and biopesticides.

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Market Dynamic

Key Drivers and Emerging Trends

One of the major drivers that is contributing to the growth of the global crop protection chemicals market size includes the rising requirement for food security owing to the increasing population rate. As per the International Food Policy Research Institute, around 690 million individuals were hungry in 2019, which has increased by 10 million as compared to 2018. According to the FAO Chief Economist, around 3 billion people lack the means and access to good nutrition. Thus, the rising focus on meeting the increasing food demand across the globe is encouraging farmers to opt for crop protection chemical solutions over the coming years. Crop protection chemicals are being increasingly used in modern agriculture as a cost-effective solution to improve crop yield by preventing crops from harmful pests and weeds.

The changing climatic conditions has increased the prevalence of plant diseases and pests. This has impacted the crop production and susceptibility of crops to different pests and diseases. Thus, this has further promoted the farmers to use crop protection products for efficient pest prevention. Additionally, the growing adoption of integrated pest management to improve the yield product is further responsible for the market growth. The combination of pest control and the extensive origination on the pest life cycle has led to the adoption of proper pest management solutions.

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Type – Segment Analysis

Based on the type, the herbicides segment is expected to grow at a higher CAGR during the forecast period. This is mainly due to its increased adoption in weed control, which is improving the crop productivity and quality of output. The herbicides decrease soil erosion and improve soil fertility and crop yield. They are increasingly used for to kill or control unwanted plants.

Origin – Segment Analysis

Based on the origin, the liquid segment is anticipated to grow at a higher CAGR during the forecast period. The increasing need for liquid origin of crop protection chemical products, particularly in the foliar spray and seed treatment mode of application, is a key driver that is surging the market growth. They are highly cost-effective as compared to the solid origin and can be easily mixed with any crop type. Moreover, the liquid chemical provides a longer shelf-life and easy handling and transportation. All these factors are further driving the market growth.

Mode of Application – Segment Analysis

Based on the mode of application, the foliar spray segment is projected to grow at a higher CAGR during the forecast period. The foliar spray can be used for insecticides, herbicides and fungicides. The increasing usage of this mode of application for spraying herbicides and insecticides owing to the labor shortage for removing the unwanted weeds manually is supporting the market growth.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific region is expected to grow at a higher CAGR during the forecast period. In China, the Ministry of Agriculture launched the “Zero Growth Policy of Pesticides and Fertilizers by 2020”, to reduce the use of synthetic pesticides and support the usage of bio-based and organic pesticides. Moreover, the increasing demand for food grains, limited availability of arable land, followed by the increasing exports are further driving the regional market growth.

Top Market Players

Various notable players operating in the market include BASF SE, DOW Chemical Company, DuPont, Sumitomo Chemical Co., Ltd., Syngenta, Bayer AG, FMC Corporation, Nufarm Canada, ADAMA India Private Limited, and Verdesian LifeSciences, among others. 

Key Developments:

• • In 2020, BASF SE and TECNALIA collaborated in the digitalization to increase their R&D of new crop protection products. This helped to increase the innovations to meet the farmer’s demand to control weeds, fungal diseases, and insect pests in their crops.
  • In 2019, Sumitomo Chemical Co., Ltd., acquired the share of Nufarm Ltd., mainly four South American subsidiaries in the Argentina, Chile, Brazil, and Colombia.

Segments covered in the Report:

The global Crop Protection Chemicals market has been segmented on the basis of Type, Origin, Mode of Application, Crop Type, Form, and regions. Based on Type, the market is segmented into Herbicides, Insecticides, Fungicides & Bactericides, and Others. Based on Origin, the market is segmented into Synthetic and Biopesticides. Based on Mode of Application, the market is segmented into Foliar, Seed Treatment, Soil Treatment, and Others. Based on Crop Type the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. Based on the Form, the market is segmented into Liquid and Solid. 

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Key questions answered in this research report:

• • At what pace is global Crop Protection Chemicals market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Crop Protection Chemicals market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Crop Protection Chemicals market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Origin areas of global Crop Protection Chemicals market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Crop Protection Chemicals Market by Type

• • Herbicides
  • Insecticides
  • Fungicides & Bactericides
  • Others

Global Crop Protection Chemicals Market by Origin

• • Synthetic
  • Biopesticides

Global Crop Protection Chemicals Market by Mode of Application

• • Foliar
  • Seed Treatment
  • Soil Treatment
  • Others

Global Crop Protection Chemicals Market by Crop Type

• • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

Global Crop Protection Chemicals Market by Form

• • Liquid
  • Solid

Global Crop Protection Chemicals Market by Region

• • North America Crop Protection Chemicals Market (Option 1: As a part of the free 25% customization)
    • North America Crop Protection Chemicals Market by Type
    • North America Crop Protection Chemicals Market by Origin
    • North America Crop Protection Chemicals Market by Mode of Application
    • North America Crop Protection Chemicals Market by Crop Type
    • North America Crop Protection Chemicals Market by Form
    • US Crop Protection Chemicals Market All-Up
    • Canada Crop Protection Chemicals Market All-Up
  • Europe Crop Protection Chemicals Market (Option 2: As a part of the free 25% customization)
    • Europe Crop Protection Chemicals Market by Type
    • Europe Crop Protection Chemicals Market by Origin
    • Europe Crop Protection Chemicals Market by Mode of Application
    • Europe Crop Protection Chemicals Market by Crop Type
    • Europe Crop Protection Chemicals Market by Form
    • UK Crop Protection Chemicals Market All-Up
    • Germany Crop Protection Chemicals Market All-Up
    • France Crop Protection Chemicals Market All-Up
    • Spain Crop Protection Chemicals Market All-Up
    • Rest of Europe Crop Protection Chemicals Market All-Up
  • Asia-Pacific Crop Protection Chemicals Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Crop Protection Chemicals Market by Type
    • Asia-Pacific Crop Protection Chemicals Market by Origin
    • Asia-Pacific Crop Protection Chemicals Market by Mode of Application
    • Asia-Pacific Crop Protection Chemicals Market by Crop Type
    • Asia-Pacific Crop Protection Chemicals Market by Form
    • China Crop Protection Chemicals Market All-Up
    • India Crop Protection Chemicals Market All-Up
    • Japan Crop Protection Chemicals Market All-Up
    • Rest of APAC Crop Protection Chemicals Market All-Up
  • RoW Crop Protection Chemicals Market (Option 4: As a part of the free 25% customization)
    • RoW Crop Protection Chemicals Market by Type
    • RoW Crop Protection Chemicals Market by Origin
    • RoW Crop Protection Chemicals Market by Mode of Application
    • RoW Crop Protection Chemicals Market by Crop Type
    • RoW Crop Protection Chemicals Market by Form
    • Brazil Crop Protection Chemicals Market All-Up
    • South Africa Crop Protection Chemicals Market All-Up
    • Saudi Arabia Crop Protection Chemicals Market All-Up
    • UAE Crop Protection Chemicals Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Crop Protection Chemicals Market All-Up

Major Players Operating in the Crop Protection Chemicals (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • DOW Chemical Company
  • DuPont
  • Sumitomo Chemical Co., Ltd.
  • Syngenta
  • Bayer AG
  • FMC Corporation
  • Nufarm Canada
  • ADAMA India Private Limited
  • Verdesian LifeSciences