Crop Protection Chemicals Market size was over USD 97 Billion in 2023 and is poised to reach USD 125 Billion by the end of 2036, growing at around 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of crop protection chemicals is evaluated at USD 100 Billion.
The main reason behind the expansion of the crop protection chemicals market share is the increasing requirement to regulate and maintain pests, diseases, and weeds that can adversely influence crop cultivation and quality. As stated in the United States Department of Agriculture’s (UNDOA) research, annually, bugs cause 20% to 40% of the world's crop yield to be lost. Every year, pests including weeds, plant diseases, and insects ruin more than 40% of the potential food supply globally.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2036 |
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CAGR |
5% |
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Base Year Market Size (2023) |
USD 97 Billion |
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Forecast Year Market Size (2036) |
USD 125 Billion |
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Regional Scope |
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Origin (Synthetic, Bio-Based)
The synthetic segment will hold around 80% crop protection chemicals market share and will expand at 4.2% CAGR through 2036. This advancement will be majorly poised due to the frequent use of synthetic chemicals for their prompt and trustworthy pest control abilities.
According to the Food and Agriculture Organization of the United States, currently, more than four million tonnes of pesticides are consumed annually worldwide. There are currently over 1,000 pesticides on the market worldwide, the majority of which are synthetic chemicals, which include chemical, microbiological, semi-chemical, and botanical pesticides.
Type (Fungicide, Insecticide, Nematicide, Herbicide)
The herbicides segment is anticipated to account for 40% market share, growing at around 3.5% CAGR during the forecast period. The current global pesticide usage is estimated at 2 million tons, of which 48% are herbicides, 30% are insecticides, 18% are fungicides, and 6% are other pesticides. The effectiveness and durability of herbicides as a weed control strategy will be enhanced by a greater understanding of their mechanisms and activities.
Mode of Application (Seed Treatment, Soil Treatment, Foliar Spray)
The foliar spray segment will dominate crop protection chemicals market share of more than 50%, observing 4% growth rate till 2036. The increasing and extensive use of foliar spray can assist this segment to augment the most during the planned period.
In line with recent research, an enormous amount of resources are lost when the standard macronutrients N, P, and K are applied to the soil. The percentages of loss are estimated to be 40–70%, 80–90%, and 50–90%, respectively. However, because of their small size (1–100 nm) and high specific surface area, foliage nano fertilizers have several advantages over conventional fertilizers, including controlled release, high nutrient consumption, low cost, and comparatively little environmental contamination.
Our in-depth analysis of the global crop protection chemicals market includes the following segments
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Origin |
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Type |
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Formulation |
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Mode of Application |
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Crop |
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Dosage Technique |
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End-Use |
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APAC Market Statistics
Asia Pacific region in crop protection chemicals market is poised to hold more than 38% revenue share by 2036. This advancement will be credited to the enlargement of areas under the yields of high-value crops and smart farms in countries like China, India, Japan, Australia, and the rest of the Asia Pacific region to curb the shortage of food in this region.
For instance, according to the International Production Assessment Division (IPAD), in an attempt to lessen the nation's dependency on imported food, Chinese officials have reclaimed more than 170,000 hectares (420,000 acres) of farmland since 2021.
China became more self-sufficient in grains by extending its agricultural lands and providing irrigation infrastructure to places that receive less rainfall. The National Bureau of Statistics (NBS) reports that in 2023, China's grain output reached a new high of 695.41 million tonnes, an increase of 1.3 percent year over year.
The growth of organic farms in India will lead to a continuous increase in the crop protection sector. According to the Indian Agricultural Association, food grain production in India grew from 177 million tons over the previous 20 years. Significant alterations have occurred in the production, consumption, and trade patterns within Indian agriculture in the past few decades.
Latin American Market Analysis
By 2036, Latin America region in crop protection chemicals market is estimated to hold more than 30% share. Currently, South America accounts for more than half of global soybean output; yield expansion in both nations has been very minor, at less than 30%, despite increases in soybean harvested area of 160% in Brazil and 57% in Argentina.
There has been a rising crop yield in Argentina resulting in the market expansion during the forecast timeline. Argentina has about 56% of its agricultural acreage rented to local farmers by absentee landlords, according to Global Yield Gap Atlas.
The rising advancement in soybean cultivation will expand the crop protection industry. Brazil produces crops on 17% of its arable land, which accounts for more than 50% of the global soybean trade.
The majority of businesses are concentrating on expanding their footprints through strategic alliances and the construction of new facilities in developing and promising areas like Asia Pacific and Central & South America. This was done to provide possibilities throughout the area and enhance the industrial capabilities, efficiency, and supply chain. Multiple numbers of the leading companies in the worldwide crop protection chemical sector are investing in crop cultivation and some of those are
Author Credits: Rajrani Baghel
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