Crop Protection Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Crop Protection Chemicals Market is segmented by Origin (Synthetic, Bio-based), Product Type (Fungicide, Insecticide, Nematicide, Herbicide and Other Types), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops and Other Applications), and Geography (North America, Europe, Asia-pacific, South America, and Middle East & Africa).

Market Snapshot

Crop Protection Chemicals Market Overview
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 4 %

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Market Overview

The global crop protection chemicals market was valued at USD 61.06 billion in 2020, and it is projected to reach USD 76.96 billion by 2026, registering a CAGR of 4.0% during the period of 2021-2026.

With the impact of COVID-19, there have been increased trends toward sustainability and environmental solutions such as biologicals. In terms of supply, a short-term shortage of migrant laborers amidst distribution bottlenecks created a wide gap between the number of workers required for biopesticide production and the ones available. The COVID-19 pandemic had a short-term effect on the market growth but is likely to boost investment, especially in biologicals, as part of a broader shift to interest in food security and sustainable crop production and ensuring more robust supply chains.

The crop protection chemical industry has been transforming over the years, with robust growth and 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 driving the demand for higher agricultural output, thus boosting the growth of the crop protection industry globally. Moreover, the increased organic farming across the globe is also anticipated to drive the market for bio-based pesticides during the forecast period.​ On the other hand, bans and government regulations toward the use of pesticides in certain regions and high input cost are the major factors acting as restraints.

Scope of the Report

Crop protection chemicals constitute a class of agrochemicals used to prevent crop deterioration from insects and pest infestation.

The Crop Protection Chemicals Market is segmented by Origin (Synthetic, Bio-based), Product Type (Fungicide, Insecticide, Nematicide, Herbicide and Other Types), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops and Other Applications), and Geography (North America, Europe, Asia-pacific, South America, and Middle East & Africa).

Origin
Synthetic
Bio-based
Type
Fungicide
Insecticide
Nematicide
Herbicide
Others Types
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 & Africa
Egypt
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increased area under organic farmland

In response to the growing need to meet food sufficiency and importance of safe farming practices, the global organic food industry has recorded exponential double-digit growth rates. Over the last three decades, organic food and farming have continued to grow across globe. Since biopesticides are chemical–free, they are used in a large scale in organic farming. Hence, the market demand for biopesticides is increasing with the growing popularity of organic food & beverage products across the globe.

Biopesticides are emerging as a lucrative replacement for synthetic pesticides in regions such as Europe due to the increased stringent regulations on chemical use and chemical residue limit. Several European countries have initiated programs for promoting the use of Biopesticides. Bio- based agrochemical products that can not only improve yield but also positively affect harvest grade and sizing in speciality crops, along with shelf life and nutritional quality are gaining interest. Also, The lower residual toxicity levels of biopesticides against synthetic crop protection chemicals make them ideal inputs to be used in organic agriculture, owing to the escalating demand for soil and environmental safety, in addition to food safety and quality. Also, the relatively low R&D Costs associated in the bio-based agrochemicals also account for the growth of the market.

The increasing demand for the organic products has resulted in the farmers turning their farmlands towards the organic cultivation practices, which requires the use of biopesticides. Therefore, a rapid rate of adoption in organic farming has boosted the demand for and production of biopesticides.

Crop Protection Chemicals Market

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 80.0% share in the crop protection chemicals market in Asia-Pacific in 2020.

With rising awareness regarding the impact of chemical insecticides on the health of humans, the gradual shift toward the usage of eco-friendly, natural insecticides and bioinsecticides by farmers has been observed in the region. Therefore, the biopesticide growth has shown an impact on the synthetic insecticides market particularly in developing countries like India and China. In China, the Ministry of Agriculture introduced the “Zero Growth Policy of Pesticides and Fertilizers by 2020” in 2015 to phase out the use of synthetic pesticides and promoted the use of bio-based and organic pesticides.

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 crop protection chemicals market include higher demand for food grains, limited availability of arable land, 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, boosting the demand for the crop protection chemicals market in Asia.

Crop Protection Chemicals Market - 2

Competitive Landscape

The global crop protection chemical market is highly consolidated, with major players accounting for major share of the market. Bayer Crop Science, Syngenta International AG, BASF SE, Corteva AgriScience, and UPL Ltd are the leading players in the market. New product launches, mergers and acquisitions, and partnerships are the major strategies adopted by the leading companies in the market. These companies also focus on making investments in innovations, collaborations, and expansions to increase their market share.

Recent Developments

In May 2021, China's two centrally-administered, state-owned chemical manufacturers - Sinochem and ChemChina - were being restructured and merged to form a behemoth. Both the companies are based in Beijing, with each holding several subsidiaries across industry segments. The new chemical giant will operate in a wide array of sectors, like life sciences, material science, basic chemicals, environmental science, rubber and tires, machinery and equipment, and industrial finance.

In December 2020, Corteva Agriscience launched a new mobile application to help growers protect their crops and secure a more resilient and sustainable agriculture system. The tool provides information to ensure the safe use of insecticides, including Closer, Runne, Intrepid, Spintor, Tracer, Success, Delegate, and Exalt.

In Septembr 2020, BASF SE acquired proprietary technology for L-glufosinate ammonium from AgriMetis. The company was acquired for developing highly improved concentrated weed control products. This will help to strengthen the position of BASF SE in crop protection market by developing new product for protect against weeds.

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/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 Fungicide

      2. 5.2.2 Insecticide

      3. 5.2.3 Nematicide

      4. 5.2.4 Herbicide

      5. 5.2.5 Others 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 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 & Africa

        1. 5.4.5.1 Egypt

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & 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 ChemChina 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 Syngenta International AG

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

  8. 8. AN ASSESSMENT OF IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Crop Protection Chemicals Market market is studied from 2017 - 2027.

The Crop Protection Chemicals Market is growing at a CAGR of 4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Syngenta International AG, Bayer Crop Science AG, BASF SE, Corteva Agri Science, UPL Limited are the major companies operating in Crop Protection Chemicals Market.

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