According to a market report, published by Sheer Analytics and Insights, the total Crop Protection Chemicals market was valued at $60.3 billion in 2021 and it is expected to reach $95.6 billion at a CAGR of 4.10% through the forecast period. Crops plants might be damaged by several things such as birds, insects, rodents, bacteria, and others. Therefore, Crop Protection Chemicals is needed. There are several types of Crop Protection Chemicals products available in the global market and these are eco-friendly products that protect the crops. These products are fungicides, herbicides, insecticides, and seed care. However, the world population has been increasing every year and it is expected to reach nearly 10.0 billion by 2050. Therefore, the demand for grain and other food products is also expected to rise. In agriculture, there are several farms and food industries which require better protection for the crops during the plantation. Thus, the rising demand for Crop Protection Chemicals has driven the market growth.
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Climate change is another factor that is driving the market across the globe. On the other hand, rising temperatures and increasing levels of carbon dioxide might negatively affect certain types of plants. These factors are driving the growth of the Crop Protection Chemicals market. However, many other countries are witnessing lower grain crop yields due to certain climate change and these areas are predicted to suffer reduced grain crop yields which are boosting the Crop Protection Chemicals market across the regions. Although, it is not possible to maintain the overall supply chains all the time due to certain climate changes. Thus, under such environmental conditions, the production of crops has been negatively affected and decreased the growth of the market in particular countries. One characteristic of current Crop Protection Chemicals markets is the expansion of generic products. Increasing demand for generic products is the main reason which is helping farm industries and agriculture sectors to protect their crops and plants.
Over the past few decades, a large number of chemical pesticides gradually began to decrease, while the number of biological pesticides is increasing in value across the global Crop Protection Chemicals market. In 1990, ten new biological pesticides entered the market and it is still valuable across several regions. In India, synthetic pesticides have been largely used due to the infection of pests and diseases. However, the main factors such as huge demand for food grains, growth in horticulture and floriculture, and growing public awareness regarding pesticides and bio-pesticides are also expected to drive the market in upcoming years.
Key players such as Bayer Crop Science AG (Germany), ChemChina Corporation (China), UPL Limited (India), BASF SE (Germany), FMC Corporation (U.S), Nufarm Limited (Australia), Corteva AgriScience (U.S), Sumitomo Chemicals (Japan), The Dow Chemical Company (U.S), Adama Agriculture Solutions (Israel), DuPont (U.S) and other companies are leading the Crop Protection Chemicals market across the globe.
The Crop Protection Chemicals Market Has Been Segmented Into:
The Crop Protection Chemicals Market – By Product Type:
- Herbicides
- Pesticides
- Insecticides
- Fungicides
- Others
The Crop Protection Chemicals Market – By Source:
- Natural
- Bio Pesticides
The Crop Protection Chemicals Market – By Form:
- Dry
- Liquid
The Crop Protection Chemicals Market – By Applications:
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Others
The Crop Protection Chemicals Market – By Crop Type:
- Cereals and Grains
- Oilseeds
- Fruits
- Vegetables
- Other Crops
The Crop Protection Chemicals Market – by Regions:
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe Countries
Asia-Pacific
- India
- China
- Japan
- South Korea
- North Korea
- Rest of Asian Countries
LAMEA
- Brazil
- Saudi Arabia
- Rest of LAMEA
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