Market Size of china crop protection chemicals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.14 Billion |
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Market Size (2029) | USD 6.71 Billion |
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Largest Share by Function | Herbicide |
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CAGR (2024 - 2029) | 5.44 % |
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Fastest Growing by Function | Herbicide |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Crop Protection Chemicals Market Analysis
The China Crop Protection Chemicals Market size is estimated at 5.14 billion USD in 2024, and is expected to reach 6.71 billion USD by 2029, growing at a CAGR of 5.44% during the forecast period (2024-2029).
5.14 Billion
Market Size in 2024 (USD)
6.71 Billion
Market Size in 2029 (USD)
5.29 %
CAGR (2017-2023)
5.44 %
CAGR (2024-2029)
Largest Segment By Function
38.54 %
value share, Herbicide, 2023
Crop infestations by weeds such as annual grasses and broadleaf weeds in major crops like maize, wheat, and rice increase herbicide usage in the country.
Fastest-growing Segment by Function
6.19 %
Projected CAGR, Herbicide, 2024-2029
Problems associated with manual weeding, mechanical weeding, shortage of labor, and increased wages are expected to boost the market's growth in the future.
Largest Segment by Crop Type
52.02 %
value share, Grains & Cereals, 2023
Growing yield losses in major crops such as maize, rice, and wheat by fungal diseases and broadleaf weeds increase the crop protection chemicals usage in these crops.
Leading Market Player 1
21.29 %
market share, Jiangsu Yangnong Chemical Co. Ltd, 2022
Jiangsu Yangnong Chemical C Ltd's advanced research and development centers bring innovative technologies to address the farmers' issues and enhance the market reach.
Leading Market Player 2
12.96 %
market share, Bayer AG, 2022
Bayer's acquisitions and partnerships with companies like Monsanto and Oerth Bio have enhanced the product offerings in the country and helped in the company's growth in the market.
Herbicides dominate the market
- China is a major producer of active ingredients that serve as the foundation for formulated agrochemicals and ready-made pesticides sold in many countries. The country is one of the world's largest producers and exporters of crop protection chemicals. Insecticides comprise an important segment in the crop protection chemicals market. The key drivers of the market are a high number of people, limited size of farms, rising food security, and an urgent need for efficient agricultural production. China occupied the highest share of 30.9% by value of the overall Asia-Pacific crop protection chemicals market in 2022.
- Herbicides accounted for the largest share of 39.9% by value in the Chinese crop protection chemicals market in 2022. In China, the use of herbicides has helped in weed control and, thus, increased yields by making it easier for farmers to grow more dwarf rice varieties that are less likely to compete with weeds. Even though there has been a large decline in traditional hand laborers who have moved out of rural areas to industrial zones, herbicides have allowed farmers to control weeds.
- In 2022, the insecticide segment held a significant share of 30.6% by value in the market. The most common pesticides registered for use in cotton are insecticides. Among them, phoxim has the highest number of registered active substances, including cypermethrin and beta-cypermethrin.
- With the increasing concern over the infestation of pests and diseases and the rise in international demand, companies and the government are continuously investing in research projects and developing new active ingredients to prevent crop damage from pests. The market is anticipated to register a CAGR of 5.4% during the forecast period.
Understand The Key Trends Shaping This Market
