Market Size of Australia Crop Protection Chemicals (Pesticides) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Crop Protection Chemicals (Pesticides) Market Analysis
The Australia Crop Protection Chemicals (Pesticides) Market size is estimated at USD 1.57 billion in 2023, and is expected to reach USD 1.98 billion by 2028, growing at a CAGR of 4.70% during the forecast period (2023-2028).
- In Australia, the pesticide industry has been witnessing relatively steady growth, primarily attributed to the demand for biopesticides and farmers' adoption of herbicide-resistant crops. While the prevalence of chemical or synthetic pesticides in crop protection is expected to continue, human, animal, and environmental health concerns are expected to play key roles in driving the growth of biopesticides.
- The Australian Pesticides and Veterinary Medicines Authority (APVMA) regulates crop protection chemicals' use in Australia and is responsible for registering and approving pesticides and other agricultural chemicals. The APVMA ensures that these chemicals are safe for human health and the environment and effective in protecting crops.
- Increasing demand for food, pests and diseases, government support, technological advancements, increasing exports, and climate change rate drive the Australian crop protection chemicals market. Australia is a mature market for pesticides. Crops like wheat, barley, sugarcane, canola, cotton, vegetables, and fruits are largely grown in Australia and are major users of pesticides.
