NEW
YORK, July 4, 2024 /PRNewswire/ -- The global
crop protection chemicals market size is estimated to grow by
USD 23.3 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 3.21% during the forecast period. Increasing use of
herbicides is driving market growth, with a trend
towards implementation of integrated pest management (IPM) as
new method of crop protection. However, organic farming as
substitutes poses a challenge. Key market players include
American Vanguard Corp., BASF SE, Bayer AG, Bharat Rasayan Ltd.,
BioWorks Inc., Chr Hansen Holding AS, Coromandel International
Ltd., Corteva Inc., Dhanuka Agritech Ltd., Dow Chemical Co., DuPont
de Nemours Inc., FMC Corp., Nufarm Ltd., Rotam CropSciences Ltd.,
Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, Tata
Chemicals Ltd., The Indogulf CropSciences Ltd., UPL Ltd., and
Verdesian Life Sciences LLC.
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Crop Protection
Chemicals Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Decelerate at a CAGR of
3.21%
|
Market growth
2024-2028
|
USD 23.3
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.09
|
Regional
analysis
|
APAC, South America,
Europe, North America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 45%
|
Key
countries
|
China, Brazil, India,
France, and US
|
Key companies
profiled
|
American Vanguard
Corp., BASF SE, Bayer AG, Bharat Rasayan Ltd., BioWorks Inc., Chr
Hansen Holding AS, Coromandel International Ltd., Corteva Inc.,
Dhanuka Agritech Ltd., Dow Chemical Co., DuPont de Nemours Inc.,
FMC Corp., Nufarm Ltd., Rotam CropSciences Ltd., Sumitomo Chemical
Co. Ltd., Syngenta Crop Protection AG, Tata Chemicals Ltd., The
Indogulf CropSciences Ltd., UPL Ltd., and Verdesian Life Sciences
LLC
|
Market Driver
The agricultural industry faces significant challenges with
pests causing losses of 11-35% in crop production, accounting for
nearly one-third of production costs. Traditional pesticides have
been a primary solution, but concerns over pest resistance and
environmental and health risks have led to their decreased use.
Integrated Pest Management (IPM) offers an alternative strategy.
IPM is a proactive approach that combines various control methods,
including inspection, monitoring, reporting, and selective
pesticide application. By creating an inhospitable environment for
pests through systemic resistance and proper operation design, IPM
reduces the need for excessive pesticide use. Innovations in IPM
techniques and technologies are anticipated to drive the growth of
the global crop protection chemicals market during the forecast
period.
The global crop protection chemicals market is a significant
sector in agriculture, providing solutions for invasive pests and
emerging diseases in various crops. With a focus on global
agriculture, there is a growing demand for effective chemical
solutions to ensure crop yields for staple foods like Cereal and
Grains, Fruits and Vegetables, Oilseed and Pulses. However,
stringent regulations and pesticide registration requirements have
led to a shift towards biologicals, biopesticides, and natural
alternatives. The market includes Synthetic and Natural crop
protection chemicals, with Herbicides, Insecticides, and Fungicides
being key segments. Consumer food preferences and environmental
impact are driving the use of eco-friendly alternatives.
Biotechnology and microbiology offer environmental benefits,
reducing greenhouse gas emissions and tillage. Key players include
agribusiness companies and small-scale manufacturers producing
chemicals for Foliar Spray, Seed Treatment, and Soil Treatment.
Some commonly used chemicals are Glyphosates, Difenoconazole,
Imidacloprids, and Bifenthrin. The Herbicides segment dominates the
market, especially in Cereals and oilseeds, with Rice cultivation
being a significant application. Despite the benefits, concerns
over pesticide residue and health effects persist. Malnutrition and
food insecurity highlight the importance of healthy diets and
sustainable food systems. The market's future lies in balancing
crop protection with environmental impact and consumer
preferences.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Organic farming is a method of cultivating crops without the
use of synthetic pesticides, fertilizers, antibiotics, and
genetically modified organisms. This approach promotes a
sustainable and harmless environment through practices like crop
rotation, cover crops, and balanced relationships between host and
predator. Organic farming also recycles nutrients back into the
soil through organic residues and composted manure. Organic crops
have higher levels of antioxidants, such as polyphenolics, which
reduce the risk of chronic diseases. These crops also have lower
levels of toxic metals and minerals, such as cadmium, lead, and
mercury, as well as lower concentrations of nitrogen, nitrate, and
nitrite. Additionally, organic crops have fourfold less pesticide
residue than conventional crops. The health-conscious consumer
trend is driving the shift towards organic farming, leading to less
use of agrochemicals. However, the increasing awareness of the
benefits of organic farming may negatively impact the growth of the
global crop protection chemicals market during the forecast period.
The permitted substances list for organic farming approves certain
substances to be used as pesticides, but the overall use is
significantly reduced compared to conventional farming.
- The global Crop Protection Chemicals market faces challenges in
various sectors including Fruits and Vegetables, Oilseed and
Pulses. Foliar Spray, Seed Treatment, and Soil Treatment are
essential methods for protecting crops. Herbicides, Insecticides,
and Fungicides are key product types. Malnutrition and food
insecurity call for healthy diets and robust Food Systems. However,
pesticide residue and concerns over chemicals like Glyphosates,
Difenoconazole, Imidacloprids, and Bifenthrin pose risks.
Biotechnology and Microbiology offer environmental benefits, but
regulatory pressures loom. Pesticide use and greenhouse gas
emissions are under scrutiny. Tillage practices and Herbicides in
Cereals and oilseeds, Rice cultivation, and small scale
manufacturers face pressure from agribusiness companies.
Formulation technologies like nanotechnology and encapsulation
techniques are innovating, while regulatory pressures, precision
agriculture technologies, and GPS-guided equipment, drones, and
sensors shape the future.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This crop protection chemicals market report extensively covers
market segmentation by
- Application
- 1.1 Cereals and grains
- 1.2 Oilseeds and pulses
- 1.3 Fruits and vegetables
- 1.4 Turfs and others
- Type
- 2.1 Herbicides
- 2.2 Insecticides
- 2.3 Fungicides
- 2.4 Rodenticides and others
- Geography
- 3.1 APAC
- 3.2 South America
- 3.3 Europe
- 3.4 North America
- 3.5 Middle East and
Africa
1.1 Cereals and grains- The global crop
protection chemicals market is a significant industry that provides
essential solutions for farmers to protect their crops from pests
and diseases. These chemicals enhance agricultural productivity and
ensure food security. Key players in this market include BASF SE,
Syngenta AG, and Corteva Agriscience. They invest in research and
development to introduce innovative products and expand their
market reach. The market's growth is driven by increasing demand
for food due to population growth and the need for higher crop
yields. Regulations and environmental concerns, however, pose
challenges to market expansion.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The global crop protection chemicals market plays a crucial role
in ensuring food security and addressing challenges posed by
invasive pests and emerging diseases in agriculture. Chemical
solutions, including herbicides, insecticides, and fungicides, help
protect crops from damage and enhance yields. However, stringent
regulations and pesticide registration requirements aim to mitigate
the environmental impact and consumer concerns over pesticide
residue. Malnutrition and food insecurity continue to be
significant issues, making it essential to maintain healthy diets
and sustainable food systems. Seed and soil treatments are
essential tools in modern agriculture, with crop protection
chemicals playing a vital role. Biotechnology and microbiology
offer environmental benefits by providing alternative solutions to
traditional pesticides. Key issues include the environmental impact
of chemical use, consumer food preferences, and the role of
pesticides in food systems. Glyphosates, Difenoconazole,
Imidacloprids, and Bifenthrin are among the commonly used crop
protection chemicals. The market continues to evolve, with a focus
on reducing the use of pesticides and exploring new, innovative
solutions.
Market Research Overview
The global crop protection chemicals market is a significant
sector in the agriculture industry, providing chemical solutions to
combat invasive pests and emerging diseases that threaten global
food production. With the increasing focus on global agriculture to
feed a growing population, the demand for crop protection chemicals
is on the rise. However, stringent regulations and pesticide
registration requirements, along with consumer food preferences for
healthy diets and minimizing environmental impact, present
challenges for the market. Crop protection chemicals include
herbicides, insecticides, and fungicides, used in various forms
such as foliar spray, seed treatment, and soil treatment. The
market caters to staple foods like cereals and grains, fruits and
vegetables, oilseed and pulses, and luxury crops. The use of
biologicals, biopesticides, synthetic, and natural solutions
continues to evolve, with biotechnology and microbiology playing a
significant role. The market faces regulatory pressures due to
concerns over pesticide residue, with glyphosates, Difenoconazole,
Imidacloprids, and Bifenthrin being commonly used chemicals. The
environmental impact of crop protection chemicals is also under
scrutiny, with concerns over greenhouse gas emissions, tillage
practices, and the use of herbicides. Small-scale manufacturers and
agribusiness companies operate in the market, utilizing formulation
technologies like nanotechnology and encapsulation techniques to
improve efficacy and reduce environmental impact. Precision
agriculture technologies, including GPS-guided equipment, drones,
and sensors, are transforming the way crop protection chemicals are
applied, increasing efficiency and reducing waste.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Cereals And Grains
- Oilseeds And Pulses
- Fruits And Vegetables
- Turfs And Others
- Type
-
- Herbicides
- Insecticides
- Fungicides
- Rodenticides And Others
- Geography
-
- APAC
- South America
- Europe
- North America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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