REDDING,
Calif., June 27, 2024 /PRNewswire/
-- According to a new market research report titled
'Crop Protection Chemicals Market Size, Share,
Forecast, & Trends Analysis by Type (Synthetic [Insecticides,
Herbicides], Biological), Formulation (Solid, Liquid), Mode of
Application (Seed Treatment, Soil Treatment), Crop
Type—Global Forecast to 2031,' by Meticulous
Research®, the crop protection chemicals market is
projected to reach $88.0 billion by
2031, at a CAGR of 3.3% from 2024 to 2031.
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Crop protection chemicals protect crops from pests, diseases,
and weeds. These chemicals are commonly used in modern agriculture
to enhance crop yield and quality by safeguarding plants from
threats that could negatively impact their growth and productivity.
In addition, crop protection chemicals provide farmers with a
cost-effective way of improving their crops' yield and quality.
They also make harvesting more straightforward and maintain
consistent yields from year to year.
The growth of this market can be attributed to several factors,
including the rising demand for low-cost crop protection solutions,
the growing need to increase crop yield and quality, growing
awareness about environmental safety, increasing adoption of
advanced agricultural practices and technologies, and rapidly
decreasing agricultural land. Moreover, the rising focus on
integrated pest management, the growing adoption of biological seed
treatments, and emerging economies in Asia-Pacific and Latin America are expected to generate
significant growth opportunities for the stakeholders in the crop
protection chemicals market.
However, growing concerns over chemical residues in food and
stringent and non-standardized regulations hinder the growth of
this market. On the other hand, lengthy product registration and
approval processes and the complicated process of developing film
coatings for seed treatment pose a major challenge to market
growth. The latest trends in the crop protection chemicals market
are sustainability, bio-based solutions, digitalization, and
precision agriculture.
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Key Players:
The key players operating in the crop protection chemicals
market include BASF SE (Germany),
Bayer AG (Germany), Corteva, Inc.
(U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (Switzerland), UPL Limited (India), Sumitomo Chemical Co., Ltd.
(Japan), and Jiangsu Yangnong
Chemical Co. Ltd (China).
The crop protection chemicals market study presents
historical market data in terms of value & volume (2022 and
2023), estimated current data (2024), and forecasts for 2031. This
market is segmented by type, formulation, mode of application, crop
type, and country.
Key Findings in the Crop Protection Chemicals Market
Study:
Based on type, the crop protection chemicals market is segmented
into synthetic crop protection chemicals and biological crop
protection chemicals. In 2024, the synthetic crop protection
chemicals segment is expected to account for the largest share of
91.3% of the crop protection chemicals market. However, the
biological crop protection chemicals segment is projected to
witness the highest growth rate during the forecast period of
2024–2031. This growth is driven by the increasing adoption of
organic farming, growing environmental and public health concerns
regarding the use of chemical crop protection products, high demand
for chemical residue-free agricultural products, and the
initiatives by governments worldwide to promote the use of
biological crop protection products.
Based on formulation, the crop protection chemicals market is
segmented into liquid formulation and dry formulation. In 2024, the
liquid formulation segment is expected to account for the larger
share of the crop protection chemicals market. The large market
share of this segment can be attributed to the uniform & easy
application of liquid form, better performance, and higher
effective duration (up to 6 months) than dry form (up to 3
months).
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Based on mode of application, the crop protection chemicals
market is segmented into foliar spray, seed treatment, soil
treatment, and other modes of application. In 2024, the foliar
spray segment is expected to account for the largest share of the
crop protection chemicals market. The large market share of this
segment can be attributed to its high efficiency, uniform
distribution, and minimum to no wastage of crop protection
chemicals.
However, the seed treatment segment is projected to witness the
highest growth rate during the forecast period of 2024–2031.
Based on crop type, the crop protection chemicals market is
segmented into cereals & grains, oilseeds & pulses, fruits
& vegetables, and other crops. In 2024, the cereals &
grains segment is expected to account for the largest share of
37.4% of the crop protection chemicals market. The large
market share of this segment can be attributed to the growing need
to increase cereal & grain production, minimize cereal &
grain loss due to pests and diseases, and the increasing use of
these crops in animal feed, biofuel, and starch & ethanol
production.
Based on geography, in 2024, Latin
America is expected to account for the largest share of
32.1% of the crop protection chemicals market. The crop
protection chemicals market in Latin
America is estimated to reach $22.3
billion in 2024. The large share of this region is
attributed to several key factors, including the growing population
and food requirements, rapid expansion in the agriculture sector,
and the growing need to increase crop yield. Also, rising awareness
among farmers about the benefits of using high-end agro-products
and increasing adoption of organic farming practices further
support the growth of this market.
However, the market in Europe
is slated to register the highest growth rate during the forecast
period. This regional market's growth is driven by the growing
demand for organic products, increasing government support,
increased adoption of natural products over synthetic products, and
rising health consciousness.
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Scope of the Report:
Crop Protection Chemicals Market Assessment—by Type
- Synthetic Crop Protection Chemicals
- Herbicides
- Glyphosate
- Potassium Glyphosate
- Isopropylamine Glyphosate
- Other Salts of Glyphosate
- Acetochlor
- 2,4-D
- Atrazine
- Other Herbicides
- Insecticides
- Organophosphates
- Pyrethroids
- Carbamates
- Organochlorides
- Other Insecticides
- Fungicides
- Triazole
- Strobilurins
- Chloronitriles
- Dithiocarbamates
- Phenylamides
- Benzimidazoles
- Other Fungicides
- Other Synthetic Crop Protection Chemicals
- Biological Crop Protection Chemicals
- Bioinsecticides
- Biofungicides
- Bionematicides
- Bioherbicides
- Other Biological Crop Protection Chemicals
Crop Protection Chemicals Market Assessment—by
Formulation
- Liquid Formulation
- Dry Formulation
Crop Protection Chemicals Market Assessment—by Mode of
Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Other Modes of Application
Crop Protection Chemicals Market Assessment—by Crop
Type
- Cereals & Grains
- Maize/Corn
- Wheat
- Other Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Other Crops
Crop Protection Chemicals Market Assessment—by
Geography
- North America
- Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Rest of Europe (RoE)
- Asia-Pacific
- China
- India
- Japan
- Australia
- Thailand
- Vietnam
- Indonesia
- Malaysia
- Rest of Asia-Pacific
(RoAPAC)
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
(RoLATAM)
- Middle East & Africa
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Related Reports:
Asia-Pacific Crop Protection Chemicals Market by Type (Synthetic
[Herbicides, Insecticides], Biological [Bioinsecticides,
Bioherbicides]), Formulation (Liquid, Dry), Mode of Application
(Seed Treatment, Soil Treatment), Crop Type - Forecast to 2030
North America Crop Protection Chemicals Market by Type
(Synthetic [Herbicides, Insecticides], Biological [Bioinsecticides,
Bioherbicides]), Formulation (Liquid, Dry), Mode of Application
(Seed Treatment, Soil Treatment), Crop Type - Forecast to 2030
Europe Crop Protection Chemicals Market by Type (Synthetic
[Herbicides, Insecticides], Biological [Bioinsecticides,
Bioherbicides]), Formulation (Liquid, Solid), Mode of Application
(Seed Treatment, Soil Treatment), Crop Type - Forecast to 2030
Latin America Crop Protection Chemicals Market by Type
(Synthetic [Herbicides, Insecticides, Fungicides], Biological),
Form (Liquid, Solid), Mode of Application (Foliar Spray, Seed
Treatment, Soil Treatment), and Crop Type - Forecast to 2030
Agricultural Micronutrients Market by Type (Zinc, Iron,
Copper, Molybdenum), Crop Type (Cereals & Grains, Fruits &
Vegetables), Form (Non-chelated, Chelated), Mode of Application
(Soil, Foliar, Fertigation, Seed Treatment) - Global Forecast to
2030
Controlled Release Fertilizers Market by Type (Slow-release
Fertilizers, Nitrogen Stabilizers, Coated & Encapsulated
Fertilizers), End Use (Agriculture, Non-agriculture), and Mode of
Application (Fertigation, Foliar, Soil) - Global Forecast to
2030
Biofertilizers Market by Microorganism Type (Nitrogen-fixing
Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes),
Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of
Application (Seed Treatment, Fertigation), Form - Global Forecast
to 2029
Seed Coating Market by Type (Polymers, Colorants,
Minerals/Pumice), Active Ingredients Type (Protectants, Nutrients,
Phytoactive Promoters), Crop Type (Cereals and Grains, Oilseeds and
Pulses, Vegetables, Flowers and Ornamentals) - Global Forecast to
2030
Seed Treatment Market by Type (Chemical, Biological),
Formulation (Liquid, Dry), Application Technique (Seed Coating,
Seed Dressing), Crop Type (Cereals & Grains, Oilseeds),
Function (Seed Protection, Seed Enhancement) - Global Forecast to
2029
Agricultural Biologicals Market by Product Type (Biopesticides,
Biostimulants, Biofertilizers) Source (Microbial, Biochemical),
Formulation (Liquid), Mode of Application (Seed Treatment), Crop
Type (Fruits & Vegetables), and Geography - Global Forecast to
2029
About Meticulous Research®
Meticulous Research® was founded in 2010 and
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private limited company under the Companies Act, 1956. Since its
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