Crop Protection Chemicals Market

Crop Protection Chemicals Market Analysis By Product (Herbicides, Insecticides, Fungicides), By Source (Synthetic, Bio-based), By Crop (Grains & Cereals, Pulses and Oilseeds), By Mode of Application (Foliar, Seed Treatment, Soil Treatment), By Form & By Region - Global Insights to 2033

Analysis of Crop Protection Chemicals Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Crop Protection Chemicals Market Growth Outlook (2023 to 2033)

The global crop protection chemicals market is estimated to reach a valuation of US$ 79.9 billion in 2023 and it is expected to grow at a CAGR of 4.6% to reach US$ 125.2 billion by the end of 2033.

The crop protection chemicals market is lucrative due to the growing concerns over food security and the need to increase agricultural productivity while minimizing losses caused by pests and diseases. Increasing demand for high-value crops and organic food has also contributed to the growth of the market.

The market is highly competitive with several players offering a wide range of products, including traditional and organic crop protection chemicals, as well as biological control methods. The market is expected to continue to grow in the coming years.

Report Attributes Details

Crop Protection Chemicals Market Size (2023)

US$ 79.9 Billion

Forecasted Market Value (2033F)

US$ 125.2 Billion

Global Market Growth Rate (2023-2033)

4.6%

North America Market Share (2023)

17.9%

East Asia Market Growth Rate (2023-2033)

4.6%

Europe Market Growth Rate (2023-2033)

3.5%

Key Companies Profiled

  • BASF SE
  • Bayer CropScience AG
  • FMC Corporation
  • Ishihara Sangyo Kaisha Ltd
  • Nufarm Ltd
  • Sumitomo Chemicals
  • Syngenta International AG

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Sales Analysis of Crop Protection Chemicals (2018-2022) Vs. Market Forecast Outlook (2023-2033)

Currently, numerous crop protection chemicals are available to prevent crops from being lost or any harm by pests such as bacteria, rodents, insects, and birds. For instance, approximately 1,000 chemically active compounds are reportedly approved for crop protection treatments globally. Currently, manufacturers are also looking forward to increasing the production of bio-based crop protection chemicals.

  • Short Term (2023-2026): With a growing global population, the demand for food is increasing rapidly, which is driving the need for crop protection chemicals to increase agricultural productivity and reduce losses caused by pests and diseases, this, in turn, drives the growth of the market during the assessment period.
  • Medium Term (2026-2029): Precision farming techniques, including remote monitoring and sensing technologies, are increasing the efficiency of crop protection chemicals and reducing their application costs, thereby driving their adoption and having a significant impact on the growth of the crop protection chemicals market during the projected period.
  • Long Term (2029-2033): The groundbreaking strategies adopted by market players to augment the crop protection chemicals market growth. Further, as consumers become more health conscious, the demand for organic food is expected to increase, driving the development and adoption of organic crop protection chemicals.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.6% CAGR between 2023 and 2033.

Market Dynamics Outlook

“Combating Climate Change & Limited Arable Land: Increasing Need for Crop Protection Chemicals”

Climate change and limited arable land are two major challenges facing the agricultural industry. As the global population continues to grow, the demand for food is increasing, and there is a need to produce more food on limited land while combating the effects of climate change. Crop protection chemicals address these challenges by protecting crops from pests and diseases and increasing their productivity.

Climate change is causing more frequent and severe weather events, such as droughts and floods, which affect crop yields and increase the incidence of pests and diseases. Crop protection chemicals mitigate these effects by protecting crops from pests and diseases, which might have caused significant yield losses. Additionally, some crop protection chemicals can improve plant tolerance to extreme weather conditions, such as drought, by enhancing their water use efficiency.

Limited arable land is another major challenge facing the agricultural industry. With the growing population, there is a need to produce more food on the same amount of land. Some crop protection chemicals improve plant growth and development, leading to higher yields and better-quality crops.

Hence, the need to combat climate change and limited arable land is driving the demand for crop protection chemicals.

“Increasing External Demand in Europe is Driving the Increase in Agricultural Exports”

Europe is a prominent region in the global food chain, accounting for over 21% of global food and agriculture exports. For instance:

  • Netherlands is the leading country in Europe in terms of export, accounting for over 5.6% of the total global export, followed by France, Spain, and Italy with 3.8%, 3.5%, and 2.7% of the global export share respectively.

The increasing population throughout the globe and increasing per capita expenditure is leading to an increase in the demand for agricultural exports, thereby driving the external demand for food.

This has led to the use of advanced technologies for agriculture for fast and continuous crop production, thereby driving the demand for crop protection chemicals in European countries. Manufacturers across Europe are focusing on increasing production to meet the global as well as regional demand for food crops which in turn shows high crop production volume thereby utilizing insecticides, herbicides, and other crop protection chemicals to avoid food loss. All of these factors drive demand for crop protection chemicals over the forecast period.

“Stringent Regulations for Synthetic Crop Protection Chemicals Hampering Market Growth”

The usage of chemical products deteriorated the quality of soil in a long run leading to reduced yield. Players in the pesticide production sector are facing several issues related to pesticide formulation usage. For instance, in the US, pesticides must be registered with EPA for usage if it is being produced in any other country.

Global governing bodies have enforced regulations against pesticides to limit the residual limit in the European and North American markets in order to limit the environmental impact of pesticide usage.

The production of synthetic herbicides and other chemicals has significantly decreased in the mentioned regions. Players are thus shifting to alternatives such as bio-based formulations, and organic formulations for wider adoption in the global market. Such factors are anticipated to hamper the crop protection chemicals market in the upcoming period.

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Country-wise Insights

Why the Crop Protection Chemicals Market in China is expected to be Highly Lucrative?

China is one of the biggest manufacturers of active chemicals that serve as the base for both the ready-made pesticides available in numerous economies and the formulated agrochemical products. The country is the world's top producer and exporter of crop protection agents. The market is primarily driven by a gigantic population, small farm sizes, food security, and the requirement for high farm efficiency.

  • China has become the world’s largest consumer of crop protection chemicals. In order to sustain high crop yields and long-term capital gains, China heavily relies on chemical pesticides, despite having only 7% of the world's arable land and around 20% of the world’s population

The Chinese government intends to increase the area planted to a variety of crops, including wheat and rice, in order to meet domestic demand and cut back on grain imports, which will further stimulate the market. China also ranks among the top exporters of agrochemical products to other economies and is home to numerous local and international producers, including BASF, Fuhua Nutrichem Company Limited, and others. The demand for bio-insecticides in the country is anticipated to rise during the forecasted period as a result of an increased focus on environmental sustainability while preserving crop output and expanding organic farming areas.

Due to all of such factors the market for crop protection chemicals around China is expected to grow at a CAGR of 4.4% during the forecast period.

What is the Market Scenario for Crop Protection Chemicals in Brazil?

Brazil has a prominent share in the global crop protection chemicals market. It is anticipated to expand at a CAGR of 5.6% during the projected period.

  • Brazil is a global leader in the production of different crops. Farm owners use more than 41% of the country's land for agricultural purposes. For the production of crops like soybeans, sweet potatoes, maize, peanuts, & others, about 8% of the total land is used.
  • Along with these crops, Brazil is a world leader in sugarcane production, it has produced 600 million tons of sugarcane or more each year. It is the second-largest producer of soybeans in the world, and these beans are consumed in huge amounts all around the globe.

These statistics demonstrate Brazil's strong position and significant investment in agricultural production. Brazil has continued to be one of the most important consumers of crop protection chemicals because of its extensive reliance on agricultural production.

  • The total amount of pesticides consumed by Brazil reached 685,745 tons in 2021. Along with such high consumption, in 2021 Brazil’s government authorized the use of 562 new agrochemicals around the country.

Owing to the aforementioned factors it is expected that demand for crop protection chemicals across Brazil is steadily increasing year on year.

Category-wise Insights

Which Crop Protection Chemical Product is Anticipated to Dominate the Market?

Climate change is making agriculture more susceptible to numerous diseases, which affects agricultural production. As a result, any change in the climate leads to a change in farming methods, which reduces yield and increases the demand for herbicides.

These essential factors have increased farmer's dependency on crop protection products including herbicides, insecticides, and fungicides for efficient weed and pest avoidance, which drives the market growth. In addition, the use of herbicides for mechanical weeding is significantly rising due to a lack of laborers in developed countries, including the United States and European Union member states. Herbicides have superior efficiency over conventional weeding procedures are also anticipated to boost herbicide growth in the coming years.

The market is expanding as a result of the introduction of novel herbicide products with unique qualities based on crop emergence, weed selectivity, and other considerations. Along with this, the increasing utilization of herbicide products in agricultural production is drawing growth across diverse areas. Due to all of the above-mentioned factors herbicides are expected to grow at a CAGR of 4.6% during 2023-2033.

Which Crop Type Dominates the Consumption of Crop Protection Chemicals?

The market for grains & cereals has experienced fast growth in recent years as a result of the extensive use of crop protection agents in grain production. In 2023, the world's cereal production would rise by 2% to 3% over the previous year.

Strong demand for crops and a greater emphasis on food security brought by the expanding global population have also contributed to the growth of the cereals market.

As the current trends in food availability in some countries of the world continue then by the end of 2030, there will be over 841.4 million hungry people worldwide, and the world will have fallen short of its goals to eradicate malnutrition in 2025 and 2030.

Also, in order to increase agricultural productivity generally, governments in developing countries have started subsidizing the use of crop protection chemicals. Thereby, it is anticipated that increased government focus on providing at least basic access to appropriate nutrition drives the market growth.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Prominent crop protection chemicals manufacturers are American Vanguard Corporation, BASF SE, Bayer CropScience AG, Bioworks Inc., ChemiChina Corporation, Corteva Agriscience, FMC Corporation, ISAGRO Spa, Ishihara Sangyo Kaisha Ltd., Marrone Bio Innovations Inc., Nufarm Ltd, Sumitomo Chemicals, Syngenta International AG, UPL Limited, etc.

Prominent Manufacturers are focusing on improving their presence in emerging markets such as Asia Pacific and Central & South America by establishing new plants or adopting organic or inorganic growth strategies.

For instance :

  • In January 2023, Bayer and the agricultural biotech company Oerth Bio today announced a new collaboration seeking to develop the next generation of more sustainable crop protection products.
  • In April 2022, BASF launched the Exponus insecticide chemical which is able to protect crops and boost productivity. It is registered for use on various largely cultivated crops under the Oil seeds, Pulses & Vegetables segment to control critical insect pests such as Caterpillars & Thrips.

Fact.MR has provided detailed information about the price points of key manufacturers of crop protection chemicals positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Crop Protection Chemicals Industry Research

  • By Product :

    • Herbicides
    • Insecticides
    • Fungicides
    • Others (Rodenticides, & Others)
  • By Crop :

    • Grains & Cereals
    • Pulses & Oilseeds
    • Fruits & Vegetables
    • Others (Plantation Crops, & Others)
  • By Source :

    • Synthetic
    • Bio-based
  • By Form :

    • Liquid
    • Solid
  • By Mode of Application :

    • Foliar
    • Seed Treatment
    • Soil Treatment
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

The global crop protection chemicals market is expected to be valued at US$ 79.9 billion in 2023.

Worldwide demand for crop protection chemicals is estimated to reach US$ 125.2 billion by 2033-end.

Latin America tops the global crop protection chemicals market and is expected to account for 29.9% market share in 2023.

North America, Europe, Latin America, Middle East & Africa, East Asia, South Asia and Oceania are the regions considered in the crop protection chemicals market.

Synthetic crop protection chemicals account for an 87.3% share of global sales.

Crop Protection Chemicals Market

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