"Yield Higher Revenue with our Exclusive Insights "

Crop Protection Chemicals Market Size, Share & COVID-19 Impact Analysis, By Type (Herbicides, Insecticides, Fungicides, and Others), Source (Synthetic Chemicals and Biologicals), Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crop Type, and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI100080

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global crop protection chemicals market size was valued at USD 55.73 billion in 2019 and is projected to reach USD 73.94 billion by 2027, exhibiting a CAGR of 4.50% during the forecast period.

COVID-19 Cover

This report covers COVID-19 impact analysis on Crop Protection Chemicals Market

Request Sample

Crop protection products, such as crop pesticides, are used to reduce yield losses caused by pests and diseases. According to the Royal Society of Chemicals, about 800 chemically active ingredients are registered for use as crop protection solutions around the world. These chemicals are broadly categorized in herbicides, fungicides, and insecticides groups.


The focus of research in recent years in the crop protection chemicals domain has been on developing compounds safer than older counterparts to meet the demand for new molecular solutions for control of pests that have developed resistance to the older compounds. Other key research and development (R&D) interest areas include selectivity in their action to control target pests, per hectare low application rate requirement, broad-spectrum control to cover a diverse group of pests and diseases and meet regulatory mandates of regional and local markets.


Covid-19 Pandemic Affected the Global Economy and Crop Protection Products Purchasing Pattern


The outbreak of COVID-19 has affected public health as well as the global economy. The COVID-19 impact on the global economy has resulted in socio-economic disruptions; along with other industries, the spread of COVID-19 has affected the agriculture input sector. The coronavirus has impacted critical processes involved in the production and distribution of agrochemicals, from raw material imports to end-product manufacturing.


China is one of the major producers of both active ingredients and pesticide products. Thus, the closure of Chinese factories has led to a massive shortage in the supply of active ingredients (required for pesticide manufacturing) and crop protection products. Furthermore, even after resuming chemical manufacturing units in China by the end of February 2020, the supply of crop protection products was disrupted. This disruption in the supply chain was mainly due to the lockdowns that were declared in many countries to contain the spread of coronavirus. In addition, these lockdowns have restricted the transport of raw materials and crop protection products in highly affected areas. Many shipping companies have also suspended their services. Owing to these major problems in the supply chain, the sales of crop pesticides and other agricultural products are expected to be lower as compared to last year, thereby causing a decline in the market value of crop protection products.


LATEST TRENDS


Request a Free sample to learn more about this report.


Growing Adoption of Integrated Pest Management to Enhance the Yields


Integrated pest management strategy focuses predominantly on long-term prevention of pests by combining techniques such as biological control, utilization of resistant variants, and modification of cultural practices. The combination of different pest control methods along with extensive information on the pest life cycle and their interaction results in proper pest management with the least hazard to human and animal health. Thus, farmers are inclining towards such methodologies as it reduces the environmental risks associated with pest management. For instance, according to Directorate of Plant Protection Quarantine & Storage (India), agricultural crop yield has increased by 40.14% and 26.63% in rice and cotton crops with the implementation of integrated pest management practices compared to non-IPM fields.


According to the research findings, global losses due to insect pests have declined from 13.6% in post-green revolution era to 10.8% towards the beginning of this century, due to the tremendous change in the crop production systems, use of crop protection chemicals, increased awareness about field & post-harvest losses & required control measures, and improved infrastructure facilities for post-harvest management of crop produce across the world.


DRIVING FACTORS


Increasing Utilization of Crop Protection Solutions for High Yield to Fuel Growth


Crop protection chemicals are widely utilized in modern agriculture as an effective and economical solution to enhance crop yield by preventing crops from harmful pests and weeds. Thus, the rise in crop yield helps to ensure food security for the growing populations. According to the Food and Agriculture Organization (FAO), Brazil, China, and the U.S are major consumers of crop protection products. High usage of pesticides in these countries can be identified as one of the main causes for rising crop yield.


 Emergence of Pests and Diseases Due to Fluctuations in Climatic Conditions to Aid Growth


Changes in climatic conditions have accelerated the occurrence and prevalence of plant diseases and pests. Climatic fluctuations have a major impact on crop production and susceptibility to pests. Climate change increases the susceptibility of crops to different pests and diseases, which in turn affects crop yield. Therefore, any change in the climate leads to deviation in farming practices and this leads to a decline in productivity. Further, irregular rainfall in various regions has led to rise in fungal population. These Key factors have increased the dependability of farmers on crop protection products for efficient pest prevention, which is fueling the crop protection chemicals market growth.


RESTRAINING FACTORS


Growth in Resistance of Pests to Crop Pesticides to Hamper the Market


The increased resistance of pests towards certain crop protection chemicals is a major factor restraining the market growth. The significant decline in the effectiveness of certain active ingredients has led to enhanced resistance in pests. This resistance can be attributed to the change in metabolism pattern in insects, increasing reproductive rates, and extreme pest proliferation.


SEGMENTATION


By Type Analysis


To know how our report can help streamline your business, Speak to Analyst


Rising Weed Population to Spike Adoption of Herbicides


The herbicides segment is witnessing significant growth as many developing countries such as India and China are facing a shortage of labors for mechanical weeding. Also, the high efficiency offered by herbicides over manual weeding techniques is expected to support the segment’s growth in the coming years. Launch of various herbicides products having unique features based on selectivity of weed, emergence of crop, etc. is adding stimulus to the growth of the market. On the other hand, increasing area under genetically modified crops across various regions is also attracting the increased usage of herbicide products in crop cultivation.


By Crop Type Analysis


Cereals Segment to Observe Robust Growth


The cereals segment is observing a robust growth in recent years owing to the significant adoption of crop protection products in cereal production. According to FAO, world cereal production is projected to rise by 2.6% in 2020 from previous year levels. Additionally, rising global population has led to an increased focus on demand for food security and high demand for crops, thereby contributing to the growth of the cereals segment.


By Source Analysis


Synthetic Chemicals Segment to Emerge Dominant


The synthetic chemicals segment is holding major Crop Protection Chemicals market share due to high use of these chemicals in developing countries of Asia, South America, Africa, and the Middle East. The high usage of synthetic chemicals is primarily owing to their lower price and their pest-targeted effectiveness. On the other hand, biologically sourced crop protection products demand increasing as the regional, country, and local government bodies are promoting the usage of environmental friendly crop protection products.


By Mode of Application Analysis


Seed Treatment Mode of Application to Display Strong Growth


Conventional modes of application such as foliar and soil application segments account for large market share, but seed treatment has emerged as a popular method of application of crop protection chemicals in recent years. Considering its cost, efficacy, and safety, the seed treatment method of application is fast-emerging as a better alternative to conventional/traditional pest control methods and can supplement other pest control measures to achieve satisfactory results in the field.


REGIONAL INSIGHTS


Asia Pacific Crop Protection Chemicals Market Size, 2019 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


Insecticides to Emerge as Most Attractive Product Type to Meet Growing Food Demand in Asia Pacific


Globally, the insecticides segment is forecasted to be the most attractive product type segment in crop protection chemicals during the forecast period. Asia Pacific region is the largest market for insecticide products and growing awareness about the use of crop protection products among the small and marginal crop producers in the region has supported the strong growth of the insecticides segment. Expansion of areas under cultivation of high-value and export-oriented crops is projected to support the growth of the insecticide segment in the Asia Pacific region.


Market players in the North America and Europe are majorly focusing on the biologically derived crop protection products considering the safety of environment. South America is the second largest consumer of these chemicals now and its usage is projected to surpass the dominating region by 2024.


Bio-based or biological origin this market accounted for 8.3% share in 2019 and is forecasted to witness strong growth due to factors such as the development of pest resistance to pesticides, stringent regulatory policies, and the emergence of start-ups in developing bio-based products (as they require limited investment compared to synthetic chemicals). Multinational companies are proactively exploring opportunities in the bio-based chemicals segment by adopting strategies such as the acquisition of start-up companies and forming joint ventures to establish their presence in the market.


KEY INDUSTRY PLAYERS


Key Players to Intensively Focus on New Product Launches for Efficient Crop Protection


Industry players are launching new crop protection products considering the diversified demand from farmers and agriculturists. The manufacturers are focusing on expanding their geographical presence as well as increasing their production capabilities. This will help in delivering better quality products to consumers.


UPL (India) made significant acquisitions in recent years to strengthen its position in the global market. The company completed the acquisition of Arysta LifeScience Inc. from Platform Specialty Products for USD 4.2 billion in 2019 (February). Now the company has its footprint in 76 countries and sales in more than 130 countries.


LIST OF KEY COMPANIES PROFILED



KEY INDUSTRY DEVELOPMENTS:



  • In January 2020, Crystal Crop Protection Ltd acquired three insecticide brands Dursban, Nurelle-D, and Predator from Corteva Agriscience. This acquisition will be a value addition to the company business and strengthen its market presence.

  • In May 2019, BASF launched an innovative fungicide ‘Seltima’ for rice crop protection in Thailand. The product contains special encapsulation technology to ensure controlled release of the active ingredient directly on the plant surface.


REPORT COVERAGE


The crop protection chemicals market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product.


An Infographic Representation of Crop Protection Chemicals Market

To get information on various segments, share your queries with us



Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Type



  • Herbicides

  • Insecticides

  • Fungicides

  • Others



By Crop Type



  • Cereals

  • Oilseeds and Pulses

  • Fruits and Vegetables

  • Others



By Source



  • Synthetic Chemicals

  • Biologicals



By Mode of Application



  • Foliar Spray

  • Soil Treatment

  • Seed Treatment

  • Others



By Region



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, Russia, and the Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, South Korea, Vietnam, Indonesia, Malaysia, and the Rest of Asia Pacific)

  • South America (Brazil, Argentina, Chile, Peru, and the Rest of South America)

  • The Middle East & Africa (South Africa, Egypt, and the Rest of the ME&A)



Frequently Asked Questions

Fortune Business Insights says that the value of the crop protection chemicals market was valued at USD 55.73 billion in 2019 and is projected to reach USD 73.94 billion by 2027.

Growing at a CAGR of 4.50%, the market will exhibit steady growth in the forecast period (2020-2027).

The herbicides segment is expected to be the leading segment based on type in the global market during the forecast period.

Rising utilization of crop protection chemicals in order to protect from pests and diseases and produce high yield to meet global food security is the key driver for the market.

Bayer CropScience, Syngenta AG, BASF, FMC Corporation, and Adama Agricultural Solutions are a few key players.

Asia Pacific held the highest market share in 2019.

Seed treatment mode of application is expected to grow at the fastest rate.

Increasing global population has led to rise in demand for crops, which is driving the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
 Crop Protection Chemicals Market Size, Share and Global Industry Trend Forecast till 2026
  • Aug, 2020
  • 2019
  • 2016-2018
  • 158

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X