Categories: Chemicals

Global Crop Protection Chemicals Market Size and Forecast 2023-2032|BASF SE, Bayer CropScience AG, Syngenta International AG, Sumitomo Chemical Company Limited, Nufarm Limited,

The Crop Protection Chemicals Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Crop Protection Chemicals Global Market Report 2024, The crop protection chemicals market size has grown strongly in recent years. It will grow from $66.18 billion in 2023 to $70.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased demand for agricultural pest and disease control, crop yield improvement, pesticide and herbicide innovations, farming practices, and increased population growth.

The crop protection chemicals market size is expected to see strong growth in the next few years. It will grow to $93.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing global food demand, precision agriculture, emerging crop diseases, increasing trade and export demand, and biotechnology and genetic modification. Major trends in the forecast period include innovative organic farming practices, data analytics and ai in agriculture, integrated pest management, sustainability practices, industry 4.0 adoption.

The increasing need for food owing to the rising population is significantly contributing to the growth of the crop protection chemicals market. Food is any nutritious substance that is consumed by people to maintain growth and life. As the world’s population grows, so does the demand for high-yielding crops and crop protection. As a result, the demand for crop protection chemicals in the fields grows as well. For instance, according to the Food and Agriculture Organization (FAO), one in every three people, or 2.37 billion people, did not have enough food access in 2020, and over 660 million people may face famine by 2030. Therefore, the increasing need for food owing to the rising population is expected to propel the crop protection chemicals market growth going forward.

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The crop protection chemicals market covered in this report is segmented –

1) By Type: Fungicide, Insecticide, Nematicide, Herbicide

2) By Origin: Synthetic, Bio-Based

3) By Mode Of Applications: Foliar Spray, Soil Treatments, Seeds Treatments, Other Mode Of Applications

4) By Applications: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercials Crop

Technological advancements have emerged as a key trend in the crop protection chemicals market. Major companies operating in the crop protection chemicals sector are focused on developing new technological solutions to promote their growth and reach consumer demand. For instance, in November 2021, Syngenta Crop Protection, a Switzerland-based agricultural science, and technology company launched PLINAZOLIN technology with IRAC Group 30, a novel mode of action that protects crops from a wide variety of pests. It replaces previous, less effective chemicals and provides an effective solution in resistance control tactics. PLINAZOLIN technology’s sunshine stability and rain resistance enable wider spray intervals and fewer applications to improve crop performance and efficiency.

The crop protection chemicals market report table of contents includes:

1. Executive Summary

2. Crop Protection Chemicals Market Characteristics

3. Crop Protection Chemicals Market Trends And Strategies

4. Crop Protection Chemicals Market – Macro Economic Scenario

5. Global Crop Protection Chemicals Market Size and Growth

26. South America Crop Protection Chemicals Market

27. Brazil Crop Protection Chemicals Market

28. Middle East Crop Protection Chemicals Market

29. Africa Crop Protection Chemicals Market

30. Crop Protection Chemicals Market Competitive Landscape And Company Profiles

Top Major Players: