Market Size of asia pacific crop protection chemicals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 16.40 Billion |
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Market Size (2029) | USD 20.75 Billion |
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Largest Share by Function | Insecticide |
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CAGR (2024 - 2029) | 4.81 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Crop Protection Chemicals Market Analysis
The Asia Pacific Crop Protection Chemicals Market size is estimated at 16.40 billion USD in 2024, and is expected to reach 20.75 billion USD by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).
16.40 Billion
Market Size in 2024 (USD)
20.75 Billion
Market Size in 2029 (USD)
3.46 %
CAGR (2017-2023)
4.81 %
CAGR (2024-2029)
Largest Segment By Function
38.98 %
value share, Insecticide, 2023
Growing crop losses by insect pests in major crops, like rice and wheat by brown plant hopper, aphids, caterpillars, and other insect pests, is boosting the insecticide market.
Fastest-growing Segment by Function
6.10 %
Projected CAGR, Herbicide, 2024-2029
The rise in damages caused by annual broadleaf and perennial grass weeds in the region and problems associated with other weed-handling methods are increasing herbicide usage.
Largest Segment by Crop Type
57.19 %
value share, Grains & Cereals, 2023
Increasing crop losses by fungal diseases, insect pests, and weeds, coupled with the need to meet rising domestic and international demands, are driving the adoption of crop protection chemicals in these crops.
Largest Segment by Country
31.15 %
value share, China, 2023
Higher cultivation areas and the growing demand for enhanced crop production to address food security concerns have increased pesticide use in the country.
Leading Market Player
14.55 %
market share, Syngenta Group, 2022
Syngenta invests more in expanding its product portfolio by adding new products like Victrato, Nelvium, and Evicent, resulting in the growth of company strength in the market.
Dominance of insecticides and herbicides in the Asia-Pacific market due to a rise in pest and weed attacks
- Agriculture in Asia-Pacific is diverse and plays a significant role in the economies of many countries. The region has a wide range of climates, from tropical to temperate, and is known for the cultivation of rice, soybeans, wheat, and various fruits and vegetables. In 2022, Asia-Pacific occupied a share of 16.3% by value of the global crop protection chemicals market.
- The use of pesticides in order to achieve better yields is encouraged by the increasing demand for food crops due to population growth in the region. At the same time, technological advancements have changed the way farming is done, and new technologies in pest control are benefiting crops and farmers a great deal.
- Insecticides occupied the highest share of 39.2% in the Asia-Pacific crop protection chemicals market. Rice is the major crop cultivated across many regional countries. However, it is also susceptible to various pests, which have led to severe damage to the crop and, subsequently, its yield.
- Herbicides occupied the second-largest share of 34.6% by value in 2022. Weed attacks in staple, commercial, and horticultural crops pose a significant challenge to the region's agricultural productivity. As there is a significant contribution by the fruit industry to the region's economic growth, fruit weeds cause substantial economic damage. Amaranthus retroflexus (Redroot pigweed) and Echinochloa crus-galli (Barnyard grass) are the most common weeds in the regional fruit industry.
- Increased concerns for food security and various market developments have facilitated the efficient and sustainable production of food by farmers while minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 4.8% during the forecast period (2023-2029).
Understand The Key Trends Shaping This Market
The market is growing due to the rising consumption of pesticides to protect crops from pests, diseases, and weeds
- In 2022, Asia-Pacific held a market share of 16.2% by value of the global insecticide market. The pesticide segment in the region is of great importance and is constantly evolving. It plays a vital role in promoting productive and sustainable agricultural practices in multiple countries. During the historical period, the pesticide market in Asia-Pacific experienced consistent growth, with a CAGR of 3.2%.
- Asia-Pacific countries like China and India, along with other countries, experience increased pesticide usage due to their varied agricultural landscape, making some crops more vulnerable to pests and diseases. The prevalence of intensive cropping practices and monocultures also contributes to the favorable conditions for pests to thrive. With substantial populations to sustain, ensuring food security becomes a top priority, leading to a heightened need to protect crop yields and minimize losses caused by pests, thus resulting in a greater reliance on pesticides.
- The market is also experiencing growth due to the expansion of agriculture, with the adoption of modern practices and the expansion of cultivated land. The region's agricultural land area grew from 624.5 million ha in 2019 to 662.2 million ha in 2022. As agricultural activities expand, the demand for efficient solutions to protect crops from pests is also growing.
- During the forecast period (2023-2029), Thailand is projected to exhibit the fastest growth rate in the region, with a CAGR of 6.8% by value. This rapid growth can be attributed to the anticipated increase in the usage of pesticides by farmers in the country due to the rising threat of pests and increasing crop losses.
