Asia-Pacific Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific crop protection chemicals market is segmented by Origin (Synthetic and Bio-based), Type (Herbicide, Fungicide, Insecticide, and Other Types), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Applications), and Geography

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.8 %

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Market Overview

The Asia-Pacific crop protection chemicals market is projected to register a CAGR of 3.8% during the forecast period of 2020-2025.

  • The increasing need for food crops due to the rise in population in the region fueled the use of pesticides to enhance the crop yield. Additionally, In countries, such as India and other southeast Asian countries, the arable land per person is decreasing at an alarming rate where the use of pesticides can play an important role in increasing the average crop yields per hectare. Both government and private initiatives, which include the right usage of pesticides in terms of quantity and the right application methodology are increasing the awareness of over usage of pesticides among the farmer community in the region.
  • Bayer CropScience AG, FMC Corporation, Adama Ltd, Syngenta CropProtection AG, and Sumitomo Chemical Co. Ltd are some of the prominent players operating in this market.

Scope of the report

Crop protection chemicals constitute a class of agrochemicals used for preventing the destruction of crops by insect pests, diseases, weeds, and other pests. Synthetic crop protection chemicals form the largest category within the market for crop protection chemicals, with biopesticides comparatively accounting for a minute share. The report contains a detailed analysis of various parameters of the Asia-Pacific crop protection chemicals market. The market has been segmented, based on product type and application.

Origin
Synthetic
Bio-based
Type
Herbicide
Fungicide
Insecticide
Other Types
Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Commercial Crops
Other Applications
Geography
China
India
Japan
Australia
Rest of Asia-Pacific

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Key Market Trends

Increase in Adoption of BioPesticides

The increasing impetus provided by the demand for safe and healthy food and the increasing realization of adverse effects of usage of excess synthetic crop protection chemicals to human health has provided the required fillip to the nascent biopesticide market in the region. In China, the Ministry of Agriculture introduced the “Zero Growth Policy of Pesticides and Fertilizers by 2020” in 2015, in order to phase out the use of synthetic pesticides and promoted the use of bio-based and organic pesticides. The exponential growth in demand for biological agro-inputs in markets such as China is attracting many international players to come and introduce their technologies and establish their manufacturing plants in the region. With regional regulatory authorities promoting bio-pesticide usage through regulations, policies, and schemes, the demand for biopesticides is expected to increase during the forecast period.

asia-pacific-crop-protection-pesticides-market-industry

Insecticide Holds a Prominent Share

The increasing demand for agricultural products and the resultant commercialization of agriculture induced a rising use of agricultural chemicals in the region. The crop damage by insects is highest, followed by pathogens and weeds. Insecticides account for a prominent share in total pesticide use in the region. In countries such as India, there is a significant increase in imports of insecticides from countries such as China and Germany. According to the Directorate General of Commercial Intelligence and Statistics (DGCI&S), India imported 11,095 metric tons of insecticides from China, and 1,065.9 metric tons of insecticides from Germany, in 2016-17. Owing to an increased focus toward environmental sustainability, while maintaining the crop output, the demand for bio-insecticides in the region is expected to increase in the coming years. With companies such as Syngenta CropScience, Bayer AG, and FMC corporation setting up their own manufacturing plants and launching products that cater to the needs of farmers in this region, the market growth for insecticides is expected to increase over the next few years.

asia-pacific-crop-protection-pesticides-market-industry

Competitive Landscape

Bayer CropScience AG, FMC Corporation, Adama Ltd, Syngenta CropProtection AG, and Sumitomo Chemical Co., Ltd are some of the prominent players who are operating in this market. These players are investing heavily in Research and Development activities and are launching new innovative crop protection chemical products in the region.

In 2018, BASF co-developed a new insecticide, Inscalis with a Japanese company, Meiji Seika Pharma Co. Ltd, to protect crops from critical piercing and sucking insect pests.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Origin

      1. 5.1.1 Synthetic

      2. 5.1.2 Bio-based

    2. 5.2 Type

      1. 5.2.1 Herbicide

      2. 5.2.2 Fungicide

      3. 5.2.3 Insecticide

      4. 5.2.4 Other Types

    3. 5.3 Application

      1. 5.3.1 Grains and Cereals

      2. 5.3.2 Pulses and Oilseeds

      3. 5.3.3 Fruits and Vegetables

      4. 5.3.4 Commercial Crops

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 Australia

      5. 5.4.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bayer CropScience AG

      2. 6.3.2 UPL Limited

      3. 6.3.3 Syngenta CropProtection AG

      4. 6.3.4 FMC Corporation

      5. 6.3.5 BASF SE

      6. 6.3.6 Adama Ltd

      7. 6.3.7 Sumitomo Chemical Co., Ltd.

      8. 6.3.8 KUMIAI CHEMICAL INDUSTRY CO., LTD.

      9. 6.3.9 Nufarm Limited

      10. 6.3.10 Shandong Weifang Rainbow Chemical Co. Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Asia-Pacific Crop Protection Chemicals Market market is studied from 2016 - 2026.

The Asia-Pacific Crop Protection Chemicals Market is growing at a CAGR of 3.8% over the next 5 years.

Bayer CropScience AG, UPL Limited, Adama Ltd, Sumitomo Chemical Co., Ltd., Shandong Weifang Rainbow Chemical Co., Ltd., BASF SE are the major companies operating in Asia-Pacific Crop Protection Chemicals Market.

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