Crop Protection Chemicals Market By Type (Herbicide, Fungicide, Insecticide, Others (acaricides, nematicides, and rodenticides)) By Form (Liquid, Solid) and Region - Global Forecast to 2026

The Crop Protection Chemicals Market report offers in-depth insights, revenue details, and other vital information regarding the global crop protection chemicals market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026.

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The Crop Protection Chemicals Market report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for an in-depth understanding of the market.

The Crop Protection Chemicals Market report offers insightful and detailed information regarding the various key players operating in the global crop protection chemicals market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint.

The global crop protection chemicals market is segmented on the basis of product type, form, crop type, and region.

Crop Protection Chemicals Market Overview:

Crop Protection Chemicals Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Crop protection is the science and practice of protecting plants from various diseases, weeds, and other pests (both vertebrate and invertebrate) that damage agricultural crops and trees.

These chemicals are applied to keep avoid pest attacks and weeds from destroying crops, and to add more nutrients to the soil so as to increase crop yield.

Global Crop Protection Chemicals Market Dynamics:

Major factors driving the growth of the global crop protection chemicals market are the increasing need for food protection and the need to enhance crop yield.

The rising need to ensure the availability of food to meet the demand of the growing population across the world is another key factor expected to lead to increased utilization of crop protection chemicals.

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Rapid urbanization across the globe has led to a decrease in arable land, which has led to limited land availability, potential crop diseases, insects, and pest, owing to which it has become necessary to ensure crop safety so as to obtain the maximum yield.

Stringent regulations towards the use of synthetic pesticides are a major factor hampering the growth of the global crop protection chemicals market.

Some crop protection chemicals cause illness in human beings and also have adverse effects on the environment. As a result, governmental bodies are imposing stringent regulations to monitor the production and distribution of such synthetic chemicals, and are banning their use for agricultural purposes.

However, increasing the production of bio-pesticides on a large scale is a major factor expected to create lucrative business opportunities for major manufacturers in the global market over the forecast period.

The current trend observed in the global market is increasing applications of herbicides and weedicides to control the growth of unwanted weeds and plants without harming the crop.

This factor is expected to further drive the growth of the global crop protection chemicals market to a significant extent over the next 10 years.

Analysis by Product Type:

On the basis of product type segmentation, the herbicide segment is expected to contribute a major revenue share to the global market and is expected to maintain its dominance over the forecast period. The fungicide segment witnesses the highest CAGR of over 5.0%.

Increasing consumption of fruits and vegetables owing to various health benefits is a major factor expected to drive the growth of the fungicide segment over the forecast period, as most of the post-harvest diseases in fruits are caused due to fungi and bacteria.

Analysis by Form:

Among all the form segments, the liquid segment accounts for the highest share in terms of revenue in the global market. The liquid segment is projected to register the highest CAGR of over 5.0% during the forecast period.

Analysis by Crop Type:

Among all the crop type segments, the fruits and vegetable segment accounted for the highest revenue share in terms of revenue in 2016 in the global market. The cereal segment is expected to witness the highest growth in terms of revenue and is projected to register a CAGR of over 5.5% during the forecast period.

Analysis by Region:

The market in North America is expected to witness significant growth in the global market over the forecast period.

Increasing adoption of advanced farming techniques and equipment, government subsidies on bio-organic farming, and the high spending power of farmers are major factors driving the growth of the North American crop protection chemicals market.

The Europe market accounted for the highest share in terms of revenue in the global crop protection chemicals market in 2016. The market in Europe is expected to witness considerable growth in terms of revenue during the forecast period.

The Europe market accounted for the highest revenue share in the global crop protection chemicals market.

The increasing use of herbicides for farming and weed control coupled with the presence of major crop protection chemical manufacturing companies in this region are major factors driving the growth of the Europe crop protection chemicals market.

The Asia Pacific market accounts for a significant share in terms of revenue in the global market. The Asia Pacific crop protection chemicals market is expected to witness the highest growth in terms of revenue and is expected to register a CAGR of over 6% during the forecast period.

Increasing demand for food grains, increasing awareness regarding crop protection chemicals, and initiatives by government towards spreading awareness about the use of bio-pesticides in countries in this region are major factors driving the growth of the Asia pacific crop protection chemicals market.

Asia Pacific region is one of the major producers of agricultural products including cotton, rice, and maize.

The countries in the region are primarily involved in the production of various types of principal crops such as rice, pulses, and wheat, which require crop protection chemicals for better quality and yield.

These are other factors further driving the growth of the Asia pacific crop protection chemicals market.

The market in Latin America accounts for over 20% of revenue share in the global market in 2017.

Market penetration by major manufacturers and increasing awareness about the benefits of crop protection chemicals are major factors driving the growth of the Latin American crop protection chemicals market.

The Latin American crop protection chemicals market is expected to witness the second-highest growth in terms of revenue in the global market during the forecast period.

The market in the Middle East and Africa accounted for over 3% share in 2016 in the global market.

Global Crop Protection Chemicals Market segmentation:

Segmentation on the basis of product type:

• Herbicide
• Fungicide
• Insecticide
• Others (acaricides, nematicides, and rodenticides)

Segmentation on the basis of form:

• Liquid
• Solid

Segmentation on the basis of crop type:

• Cotton
• Fruits & Vegetables
• Cereals
• Rice
• Maize
• Others (sugarcane & ornamentals)

Segmentation on the basis of region:

• North America
• Europe
• APAC
• Latin America
• Middle East & Africa