Global Crop Protection Chemicals Market size was valued at USD 68.3 Billion in 2023 and is expected to reach USD 98.5 Billion by 2032, at a CAGR of 4.3% during the forecast period 2023 – 2032.
Crop Protection Chemicals Market – Overview
Crop Protection Chemicals, commonly known as pesticides, are substances used in agriculture to safeguard crops from pests, diseases, and weeds. These chemicals include insecticides, herbicides, fungicides, and bactericides, aiming to control or eliminate threats to crop health, ensuring higher yields and quality.
Recent trends in the crop protection chemicals market include a growing emphasis on sustainable and eco-friendly formulations, driven by increased environmental awareness. Integrated pest management (IPM) practices, combining biological control and precision agriculture technologies, are gaining traction.
There is a notable shift towards the development of biopesticides and biocontrols as alternatives to conventional chemical pesticides.
Additionally, the adoption of digital technologies, such as data analytics, drones, and AI, is enhancing precision farming and optimizing the use of crop protection inputs. Regulatory scrutiny and evolving consumer preferences are influencing the development of safer and more targeted formulations.
Collaborations and partnerships between agrochemical companies and technology firms are on the rise, fostering innovation in the industry. Overall, the trends reflect a broader industry movement towards sustainable, efficient, and technology-driven solutions in crop protection.
By type, the herbicides segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. The recent trends in herbicides within the crop protection chemicals market include a growing focus on sustainable and eco-friendly formulations.
There is an increased emphasis on developing herbicides with reduced environmental impact and improved safety profiles. Integrated Weed Management (IWM) approaches, incorporating diverse strategies like biological controls and precision agriculture, are gaining traction.
Additionally, herbicide-resistant crop varieties and the adoption of novel herbicide-resistant traits are emerging trends. Digital technologies, such as precision spraying and autonomous machinery, are enhancing the efficiency of herbicide applications, optimizing usage, and minimizing environmental impact in modern agriculture.
By source, the synthetic segment held the highest market share in 2022. Emerging trends in synthetic chemicals driving the crop protection chemicals market include the development of novel formulations with enhanced efficacy and reduced environmental impact.
Integrated pest management strategies, incorporating precision agriculture technologies, are gaining traction. Additionally, the rising demand for bio-based and biodegradable alternatives is influencing innovation. Smart formulations, such as microencapsulation and nano-formulations, are improving targeted delivery.
Regulatory focus on sustainable and safer chemical solutions is steering research and development efforts. These trends reflect a shift towards more environmentally friendly and efficient crop protection solutions in response to evolving agricultural and societal needs.
By form, the liquid segment held the highest market share in 2022. A notable trend driving the crop protection chemicals market is the increasing preference for liquid formulations. Liquid forms, such as emulsifiable concentrates and suspension concentrates, offer easier application, mixing, and handling for farmers.
The liquid formulations provide precise dosage control, enhance coverage on plant surfaces, and often exhibit improved efficacy. Additionally, these formulations contribute to reduced environmental impact and operator exposure.
The shift towards liquid formulations aligns with a broader industry focus on efficiency, safety, and environmental sustainability in crop protection practices, driving the adoption of advanced and user-friendly liquid-based solutions in agriculture.
By mode of application, the foliar spray segment held the highest market share in 2022. Recent trends in foliar spray, a mode of application in crop protection, include the adoption of precision agriculture technologies for targeted and efficient spraying.
Automated and sensor-based systems optimize foliar spray application, minimizing chemical use and environmental impact. Integrated pest management practices emphasize the judicious use of crop protection chemicals, encouraging sustainable approaches.
Additionally, advancements in formulation technologies enhance the effectiveness of foliar sprays, promoting better adherence and absorption by crops. These trends reflect a growing emphasis on precision, sustainability, and technological innovation in foliar spray applications, contributing to the evolving landscape of the crop protection chemicals Market.
Asia-Pacific held the highest market share in the crop protection chemicals market in 2022 and is expected to keep its dominance during the forecast period 2024-2032. In the Asia-Pacific region, key trends driving the crop protection chemicals market include the rising need for increased agricultural productivity to meet growing food demand, particularly in densely populated countries like India and China.
Climate change impacts and evolving pest and disease patterns necessitate advanced crop protection solutions. Additionally, the adoption of precision farming practices, a shift towards integrated pest management, and increasing awareness of sustainable agriculture contribute to the demand for innovative and eco-friendly crop protection chemicals.
Government initiatives supporting modern farming techniques further fuel the market’s growth in the Asia-Pacific agricultural sector.
DuPont announced that it has entered into a definitive agreement with FMC Corporation to divest a portion of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of FMC’s Health & Nutrition business.
Under the terms of the agreement, FMC will acquire DuPont’s Cereal Broadleaf Herbicides and Chewing Insecticides portfolios – including Rynaxypyr®, Cyazypyr® and Indoxacarb.
In addition, FMC will acquire the DuPont Crop Protection research and development pipeline and organization, excluding seed treatment, nematicides, and late-stage R&D programs, which DuPont will continue to develop and bring to market, and excluding personnel needed to support marketed products and R&D programs that will remain with DuPont. The assets being divested generated revenues in 2016 of about $1.4 billion.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 68.3 Billion |
| Projected Market Size in 2032 | USD 98.5 Billion |
| Market Size in 2022 | USD 65 Billion |
| CAGR Growth Rate | 4.3% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Source, Form, Mode of Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed crop protection chemicals market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this crop protection chemicals industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Crop Protection Chemicals Market:
- BASF SE
- Dow Chemical Company
- Dupont
- Nissan Chemical Corp.
- Agrinos
- Bharat Rasayan Ltd
- Adama Agriclutural Solutions Ltd.
- Bayer AG
- Corteva Inc.
- FMC Corporation
- Novozymes A/S
- Nufarm Limited
- Syngenta AG
- UPL Limited
- Sumitomo Chemical Co. Ltd
- Jiangsu Yangnong Chemical Co. Ltd.
- Verdesian Life sciences
- Bioworks Inc.
- Arysta Lifescince Corporation
- America Vanguard Corporation
- Hansen
- Others
The Crop Protection Chemicals Market is segmented as follows:
By Type
- Herbicides
- Insecticides
- Fungicides
- Others
By Source
- Synthetic
- Natural
By Form
- Liquid
- Solid
By Mode of Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America