Sustainable Crop Protection Chemicals Market Size & Share, by Type (Bioinsecticides, Biopesticides), End User (Farmers, Agricultural Cooperatives, Agribusinesses) - Global Supply & Demand Analysis & Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5590
  • Published Date: May 01, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Sustainable Crop Protection Chemicals Market size is anticipated to reach USD 20 billion by the end of 2036, growing at a CAGR of 8% during the forecast timeframe, i.e., 2024-2036. In the year 2023, the industry size of sustainable crop protection chemicals was over USD 10 billion. This growth of market revenue is set to be dominated by the rising production of food with a growing population.

For instance, by 2050, the population across the globe is predicted to rise by more than 3 billion people as compared to the current figure. Hence, food production is also anticipated to surge by over 69% to satisfy the need for food of the rising population.

The market will experience growth. This is because sustainable crop protection chemicals can reduce the impact on the environment, and limit toxicity to non-target organisms further also reducing loss of food.

Moreover, governments are also promoting the use of sustainable crop protection chemicals and additionally launching strict rules and regulations to limit the use of chemical fertilizers. Therefore, this factor is also projected to encourage a sustainable crop protection chemicals market over the years the come.


Sustainable Crop Protection Chemicals Market
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Sustainable Crop Protection Chemicals Sector: Growth Drivers and Challenges

Growth Drivers

  • Consumer awareness and demand for sustainable agriculture practices - Consumers' awareness regarding traditional farming practices has increased, which is further estimated to boost demand for sustainable crop protection chemicals. Consumers are demanding food that is produced through an environmentally friendly procedure, driving farmers and agrochemical companies to adopt sustainable solutions.

    A study reported that 73% of global consumers are willing to pay more for products that come from sustainable and environmentally friendly sources. This shift in consumer preferences is influencing agricultural practices, pushing for the adoption of sustainable crop protection chemicals to meet the rising demand for eco-friendly produce. As a result, the sustainable crop protection chemicals market is poised to rise.
  • Climate change impact on pest dynamics - The changing climate and its impact on pest dynamics are driving the need for adaptable and resilient crop protection measures. Shifts in temperature and precipitation patterns influence pest behavior, making it essential for farmers to adopt sustainable crop protection chemicals that can effectively address emerging pest challenges associated with climate change.

    This underscores the urgency for sustainable crop protection solutions that can mitigate the evolving risks associated with climate-induced changes in pest populations. Therefore, the sustainable crop protection chemicals market is projected to gather notable revenue between 2024 and 2036.
  • Surging trend of agriculture 5.0 - Agriculture 5.0 is gaining huge importance to drive sustainability. This trend is set to be driven by major technologies including AI, IoT, and others. For instance, AI could be deployed to select the most appropriate pesticides to gain the greatest efficiency against issues related to targeted crop protection and reduce risks for resistance development.

    Moreover, huge investments have been made in research & development to identify a precise solution to encourage renewable practices. In addition, authorities are providing incentives to the farmers to adopt advanced technologies in the production process. As a consequence, owing to this factor the sustainable crop protection chemicals market will observe growth over the coming years.

Challenges

  • Efficacy and performance concerns - One of the primary challenges facing sustainable crop protection chemicals is the perception that they may not be as effective as their conventional counterparts. Farmers are often concerned about the ability of sustainable alternatives to provide adequate pest control and ensure high crop yields.

    Research & development efforts must focus on enhancing the efficacy of sustainable crop protection chemicals. Formulations need to be optimized to deliver reliable pest control without compromising on performance. Demonstrating the effectiveness of these solutions through field trials and case studies can help build confidence among farmers.
     
  • Cost Implications - The cost of eco-friendly chemicals is usually high which further hinders farmers from adopting this solution. Also, awareness regarding this solution is low among them. Therefore, the market for sustainable crop protection chemicals is set to be restrained.
  • Limited Availability and Accessibility

Sustainable Crop Protection Chemicals Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

8%

Base Year Market Size (2023)

USD 10 Billion

Forecast Year Market Size (2036)

USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Sustainable Crop Protection Chemicals Segmentation

Type (Bioinsecticides, Biopesticides)

The biopesticides segment in the sustainable crop protection chemicals market is estimated to gain the largest revenue share of 63% by the end of the year 2036. This growth of the segment is encouraged by rising demand for organic food owing to the rising need to maintain health and fitness. Moreover, the growing disposable income of the population is also predicted to dominate the demand for organic food. In 2022, disposable incomes in the globe along with expenditure per household increased by approximately 2%. Besides this, this rising use of biopesticides in agriculture is additionally dominated by technological development.

Major innovations have been brought in microbiological and biochemical research, which is further expected to influence the demand. Furthermore, the launch of novel biopesticide products is surging among various organizations. As a result, this factor might additionally encourage segment growth which would further boost the growth of the sustainable crop protection chemicals market.

Additionally, the bioinsecticides segment is also projected to observe growth since it is estimated to have a very low effect on groundwater hence leading to environmental sustainability. Furthermore, growing cases of pest attacks is also predicted to dominate the segment expansion.

End User (Farmers, Agricultural Cooperatives, Agribusinesses)

The farmers segment in the sustainable crop protection chemicals market is expected to garner the largest share of over 50% in the year 2036. The major element to influence the segment growth is the rising number of rural regions. Even though the world is experiencing a wave of urbanization, a large number of people are located in rural regions and the major occupation adopted by them is agriculture. Moreover, the popularity of local food systems is also growing which is encouraging farmers to grow more. Hence, the growth of the market is poised to observe growth.

Our in-depth analysis of the global sustainable crop protection chemicals market includes the following segments:

         Type

  • Bioinsecticides
  • Biopesticides

          End User

  • Farmers
  • Agricultural Cooperatives
  • Agribusinesses

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Sustainable Crop Protection Chemicals Industry - Regional Synopsis

APAC Market Forecast

The sustainable crop protection chemicals market in the Asia Pacific region is projected to hold the largest market share of 40% by the end of 2036. The major element to dominate the market expansion in this region is the growing number of educational initiatives and training programs. They play an important role in boosting awareness and understanding of sustainable crop protection practices among farmers.

These programs influence the deployment of new methods. In Vietnam, for instance, the Ministry of Agriculture and Rural Development has launched training programs reaching over 200,000 farmers. Through these programs, the focus on sustainable agriculture practices, such as the use of eco-friendly crop protection chemicals, enhances farmers' knowledge and skills is increased.

North American Market Statistics

The sustainable crop protection chemicals market in the North America region is projected to have notable growth during the projection period. This growth of the market in this region is poised to be encouraged by the surging urban population. North American population in the urban region for 2022 was about 308,798,138, an approximately 0.76% increase from 2021. Furthermore, the prevalence of weed attacks on crops is also growing across the region.

Field bindweed, catchweed bedstraw, and horsetail are some common crop-devastating weeds present in this region. Also, with the rising demand for wheat and maize domestically and internationally, weed management has become necessary. Hence, the for herbicides has increased which is further influencing the sustainable crop protection chemicals market growth in this region.

Research Nester
Sustainable Crop Protection Chemicals Market Size
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Companies Dominating the Sustainable Crop Protection Chemicals Landscape

top-features-companies
    • Bayer CropScience
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • Syngenta AG
    • Corteva Agriscience
    • FMC Corporation
    • Marrone Bio Innovations
    • Certis USA
    • Valent BioSciences
    • Isagro S.p.A.
    • Bioworks Inc.

In the News

  • BASF acquired ASL, a leading French manufacturer of specialty lubricants for the automotive and industrial sectors. This acquisition strengthens BASF's position in the high-performance lubricants market and expands its geographical reach.
  • BASF successfully closed the acquisition of a range of businesses and assets from Bayer, including crop protection, biotech and digital farming activities, seeds, non-selective herbicides, and nematicide seed treatments. This significantly expanded BASF's agricultural solutions portfolio and created new opportunities for growth.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5590
  • Published Date: May 01, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for farming sector is the major factor driving the market growth.

The market size of sustainable crop protection chemicals is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.

The major players in the market Bayer CropScience, BASF SE, Syngenta AG, Corteva Agriscience, FMC Corporation, Marrone Bio Innovations, and others.

The farmers segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Sustainable Crop Protection Chemicals Market Report Scope
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