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

The Crop Protection Chemicals Market is segmented by Product Type (Insecticides, Fungicides, Herbicides, Nematicides, and Other Types), Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Applications), and Geography (North America, Europe, Asia-pacific, South America, and Middle East & Africa).

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Market Snapshot

Crop Protection Chemicals Market Overview
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

3.7 %

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Market Overview

The Crop Protection Chemicals Market was valued at USD 61,298.1 million in 2020, and it is projected to reach USD 73,530.7 million in 2026, registering a CAGR of 3.7% during the forecast period (2021-2026).

With the impact of COVID-19, there have been increased trends toward sustainability and environmental solutions such as biologicals. 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. On the other hand, increasing R&D cost, low per capita use of crop protection chemicals in several developing economies, and the ban on pesticides in certain regions 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 report comprises a detailed analysis of synthetic and bio-based pesticides, with more than 90% share in the crop protection chemicals market, and biopesticides accounted for a comparatively minute share.

The Crop Protection Chemicals Market is segmented by Product Type (Insecticides, Fungicides, Herbicides, Nematicides, and Other Types), Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, 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

High Adoption of Biopesticides

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

Crop Protection Chemicals Market Revenue Share

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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 80.0% share in the crop protection chemicals market in Asia-Pacific in 2020. 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. Furthermore, China, 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 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 Growth by Region

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Competitive Landscape

The crop protection chemicals market is highly consolidated with major players. Syngenta International AG, Bayer CropScience AG, Corteva Agriscience, BASF SE, and UPL Limited accounted for more than 50.0% share in the global 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.

Crop Protection Chemicals Market Analysis

Recent Developments

In 2019, Bayer Cropscience AG and AlphaBio Control partnered to distribute an innovative biological pest control product, Flipper. Under the terms of this agreement, AlphaBio granted Bayer a worldwide exclusive right (except France) to commercialize Flipper for agriculture and non-agriculture uses.

In 2019, Syngenta Canada Inc. launched a new fungicide Orondis Gold Potato for pink rot and Pythium leak control in Canada. Orondis Gold Potato is applied in furrows as part of a preventative disease control program. It combines the power of metalaxyl M (Group 4) with oxathiapiprolin (Group 49), a new mode of action to suppress pink rot and help manage the development of resistance.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    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 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

      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 2016 - 2026.

The Crop Protection Chemicals Market is growing at a CAGR of 3.7% over the next 5 years.

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

Asia Pacific holds highest share in 2020.

  • 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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