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

The South Korea Crop Protection Chemicals Market is Segmented by Chemistry (into Synthetic Crop Protection Chemicals and Biopesticides), Product Type (into Herbicides, Insecticides, Fungicides, and Other Crop Protection Chemicals), and Crop Type (into Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits, and Vegetables, and Other Crop Types).

Market Snapshot

Market Snapshot 1
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 3.5 %

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Market Overview

The South Korean crop protection chemicals market is projected to register a CAGR of 3.45% during the forecast period (2020-2025). In South Korea, crops, such as rice, vegetables, soybean, other oilseeds, and fruits and vegetables, consume the bulk of crop protection chemicals. South Korea is a mountainous country, with less than 22% of the land area available as arable land. Hence, Korean farmers emphasise on maximizing the productivity per unit of land, and efficient crop protection solutions play an important role in this. Rising wages are another challenge impacting the Korean agriculture market, which puts the emphasis on cost optimization.

Scope of the Report

Crop protection chemicals constitute a class of agrochemicals used for preventing the destruction of crops by insect pests, diseases, weeds, and other pests. By chemistry, synthetic crop protection chemicals form the largest category within the crop protection chemicals market, with biopesticides comparatively accounting for a minute share. The report contains a detailed analysis of various parameters of the South Korean crop protection chemicals market. The market has been segmented on chemistry, product type, and crop type.

Synthetic Crop Protection Chemicals
Product Type
Other Crop Protection Chemicals
Crop Type
Grains and Cereals
Other Grains
Pulses and Oilseeds
Commercial Crops
Other Crops
Fruits and Vegetables
Other Crop Types

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Key Market Trends

Increasing Use of Microbial Pesticide

The growing emphasis on environmental sustainability prompted the South Korean government to enforce clean production and Environment-Friendly Agriculture (EFA) policies, which led to a decline in the usage of synthetic crop protection chemicals in the country. The government encouraged the use of microbial pesticides, and thus, the microbial pesticides market is projected to grow at a rapid rate over the forecast period.

Microorganisms, such as bacteria, fungi, virus, or protozoans, constitute the active ingredients in microbial pesticides. Each organism that constitutes the active ingredient has its own specific target pest. The strains of Bacillus thuringiensis,and its subspecies are the most extensively used bio-pesticides. This demand has led to an increase in the number of registered microbial pesticides in South Korea, driving the biopesticide market and the overall crop protection chemical market.

south korea1

Insecticides are the Largest Segment

The use of agricultural pesticides in South Korea had been on a rise from 1970 to 1990, but itgradually declined since 2001. The rise in the use of pesticides has been on a high. The total volume of pesticides used was 19,482 metric ton in 2015, and it increased to 19,798 metric ton in 2016. Insect pests are a serious threat to agriculture. Insects cause nearly 14% of the global crop loss and 20% stored food damage. The estimated loss caused by insects is estimated to be USD 100 billion each year. Therefore, insecticides form the major segment in South Korea, owing to the usage rise in volume, from 6,274 metric ton in 2015 to 7,092 metric ton in 2016, in order to control the rise in crop damage by insects. The insecticides segment registers the highest agricultural use share of 43.4% in the year 2018.


Competitive Landscape

The South Korean crop protection chemicals market is fairly consolidated, with a few companies holding the majority of the shares in the market. In the fast-growing market, companies are not only competing on the basis of product quality or product promotion but also on making other strategic moves to acquire greater market share and expand their acquired market size. In January 2019, BASF made an agreement with NongHyup Chemical Co. Ltd and Sungbo Chemicals Co. Ltd, whereby both the companies will manufacture and distribute BASF's non-selective herbicide, BASTA, to Korean farmers to improve the productivity of the crops.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Competitive Rivalry


    1. 5.1 Chemistry

      1. 5.1.1 Synthetic Crop Protection Chemicals

      2. 5.1.2 Biopesticides

    2. 5.2 Product Type

      1. 5.2.1 Herbicides

      2. 5.2.2 Insecticides

      3. 5.2.3 Fungicides

      4. 5.2.4 Other Crop Protection Chemicals

    3. 5.3 Crop Type

      1. 5.3.1 Grains and Cereals

        1. Rice

        2. Barley

        3. Other Grains

      2. 5.3.2 Pulses and Oilseeds

      3. 5.3.3 Commercial Crops

        1. Cotton

        2. Other Crops

      4. 5.3.4 Fruits and Vegetables

      5. 5.3.5 Other Crop Types


    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Adama Korea Co. Ltd

      2. 6.3.2 BASF SE

      3. 6.3.3 Bayer Korea Ltd

      4. 6.3.4 Farm Hannong

      5. 6.3.5 KoreaBio Co. Ltd

      6. 6.3.6 Kyung Nong Corporation

      7. 6.3.7 Nisso Korea Co. Ltd

      8. 6.3.8 Nonghyup Chemical

      9. 6.3.9 Sungbo Chemicals Co. Ltd

      10. 6.3.10 Syngenta

      11. 6.3.11 UPL


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Frequently Asked Questions

The South Korea Crop Protection Chemicals Market market is studied from 2016 - 2026.

The South Korea Crop Protection Chemicals Market is growing at a CAGR of 3.5% over the next 5 years.

Syngenta, Bayer Korea Ltd., UPL, Adama Korea Co., Ltd., Farm Hannong are the major companies operating in South Korea Crop Protection Chemicals Market.

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