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

The Global Crop Protection Chemicals Market is segmented By Origin (Synthetic and Bio-Based); By Type (Herbicides, Insecticides, Fungicides, Nematicides, and Other Types), By Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Applications), and by Geography.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

3.3 %

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Market Overview

Global Crop Protection Chemicals Market is poised to grow at a CAGR of 3.3% during the forecast period (2020-2025).

  • The crop protection chemical industry has been transforming over the years, with robust growth, coupled with changing crop mix trends, and environmental regulations. Growing population, declining arable land, food security, and the need for augmented agricultural productivity are the significant factors, which are driving the demand for higher agricultural output, thus augmenting the growth of the crop protection industry, globally.
  • Increasing R&D cost, low per capita use of crop protection chemicals in several developing economies and ban on pesticides in certain regions are the major factors, which act as restraints to the market.
  • Herbicides accounted for the largest share of 42.7% in the market, followed by fungicides and insecticides, in 2019, while nematicides are the fastest-growing market over the forecast period.
  • With the impact of COVID-19, there have been an increased trends towards sustainability and environmental solutions such as biologicals. The COVID-19 pandemic had a short-term impact on market growth but is likely to boost investment especially in biologicals as part of a wider shift to interest in food security and sustainable crop production and ensuring more robust supply chains.

Scope of the Report

Global Crop Protection Chemicals Market is segmented by origin into synthetic and bio-based. By type the maret is segmented into herbicides, insecticides, fungicides, nematicides, and other types. By application the market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications. The market is also segmented by geography into North America, Europe, Asia-Pacific, South America and Middle East and Africa.Crop protection chemicals constitute a class of agrochemicals, which are used for preventing the deterioration of crops from insects and pest infestation. The report comprises a detailed analysis of synthetic pesticides, with more than 90% share in the crop protection chemicals market, and biopesticides accounted for a comparatively minute share.

Origin
Synthetic
Bio-based
Type
Herbicide
Fungicide
Insecticide
Nematicide
Others
Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Commercial Crops
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Egypt
South Africa
Rest of Middle East and Africa

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Key Market Trends

High Adoption of Biopesticides

Owing to the escalating demand for soil and environmental safety in addition to food safety and quality, biopesticides are gaining popularity over their synthetic counterparts. Being less detrimental to humans, animals, and environment, highly target-specific with no danger to non-target species, and biopesticides capability to rapidly decompose without leaving any noxious residues are the other principal factors, which are contributing to the growth of the market. The lower residual toxicity levels of biopesticides against synthetic crop protection chemicals make them ideal inputs to be used in organic agriculture. The demand for organic fruits and vegetables has been witnessing an upward trend over the years, which in turn, led to the increment in the prominence of organic farming with the area under organic farming accelerated across the globe. Therefore, this has boosted the demand and production of biopesticides.

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Asia-Pacific Dominates the Global Market

Asia-Pacific is the major consumer of crop protection owing to its large agricultural base. China, Japan, India and Australia accounted for more than 80% share in the crop protection chemicals market in Asia-Pacific in 2019. 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. Furthermore, China, being the largest producer of cotton, has increased the adoption of GMO cotton, which also resulted in a substantial reduction in the use of chemical pesticides across the country. In India, synthetic pesticides have been extensively used for alleviating the loss of crops, due to the high incidence of pests and diseases. Major factors driving the Indian pesticides market include higher demand for food grains, limited availability of arable land, along with elevating exports, growth in horticulture and floriculture, and increasing public awareness regarding pesticides and biopesticides. However, in Japan, companies are highly focused on conducting R&D activities, which is the backbone of the introduction of new and advanced pesticide products.

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Competitive Landscape

Global crop protection chemicals market is highly consolidated, with major players including Syngenta International AG, Bayer CropScience AG, Corteva Agri Science, BASF SE, and UPL Limited accounted for more than 50% share in the global market. New product launches, mergers & acquisitions and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions & Market Definition

    3. 1.3 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/Consumers

      3. 4.4.3 Threat of Substitute Products

      4. 4.4.4 Threat of New Entrants

      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 Nematicide

      5. 5.2.5 Others

    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 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Germany

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 India

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 Egypt

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East and Africa

  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 ChemiChina Corporation

      3. 6.3.3 BASF SE

      4. 6.3.4 Corteva Agriscience

      5. 6.3.5 UPL Limited

      6. 6.3.6 FMC Corporation

      7. 6.3.7 Nufarm Ltd

      8. 6.3.8 Sumitomo Chemicals

      9. 6.3.9 American Vanguard Corporation

      10. 6.3.10 ISAGRO Spa

      11. 6.3.11 Bioworks Inc.

      12. 6.3.12 Ishihara Sangyo Kaisha Ltd

      13. 6.3.13 Marrone Bio Innovations Inc.

      14. 6.3.14 Nippon Soda

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 8. IMPACT OF COVID-19 ON THE MARKET

** Subject to Availability

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