The China crop protection chemicals market size is expected to register a robust CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the stringent food safety regulations and increasing population.
Chemical pest control or fortification chemicals controls the diseases and pests in the crops by use of chemical pesticides. Crop protection chemicals also called as pesticides help to keep pests and diseases out and increases the yield and quality of the crops. The improvement of chemicals to defend agricultural crops is a significant action within the chemical pesticides industry. Without chemical controls, many crops can undergo dramatic losses. Few of these chemicals are the insecticides that are important in fighting human and animal diseases. The toxicological and environmental properties of chemicals have enriched continuously in recent years.
The COVID-19 outbreak led to the shutdown the operations, impacting the supply chain of chemicals to major countries such as India, Brazil, United States, Australia, and Argentina. However, the relaxation in international trade barriers is expected to help the market reach pre-COVID level by end of 2021.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for food security is anticipated to drive the market growth.
- Rising investments in the R&D activities in the agricultural sector for the continuous product innovation is expected to spur the growth of the market.
- Heavy crop loss due to pest attacks forces farmers to use crop protection chemicals. Thus, such factors are likely to propel the growth of market in the projected timeline.
- Increasing residue problems of pesticides along with their adverse health effects can create challenges for the market expansion.
- Expanding production of bio-pesticides on a larger scale is expected to create lucrative opportunities for the market during the forecast period.
Scope of the Report
The report on the China crop protection chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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China Crop Protection Chemicals Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Origins (Bio-based and Synthetic), Product Types (Insecticides, Herbicides, Fungicides, and Others), and Crop Types (Pulses and Oilseeds, Fruits and Vegetables, Grains and Cereals, Commercial Crops, and Others)
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Country
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China
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nutrichem Company Limited; Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co., Ltd; Jiangsu Huifeng Bio Agriculture Co., Ltd; Shandong Weifang Rainbow Chemical Co.,Ltd.; and Zhejiang Xinan Chemical Industrial Group Co., Ltd.
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China Crop Protection Chemicals Market Segment Insights
Synthetic segment is anticipated to constitute a key market share
In terms of origins, the market is bifurcated as bio-based and synthetic. The synthetic segment is expected to constitute a key share of the market during the projected period due to their pest-targeted effectiveness and lower prices. It helps farmer to harvest more in less land. On the other hand, the bio-based segment is expected to exhibit a high CAGR owing to rising environmental concerns.
Insecticides segment to hold a major market share
Based on types, the China crop protection chemicals market is divided into insecticides, herbicides, fungicides, and others. The insecticides segment is expected to constitute a key share of the market during the projected period. It is the most commonly used pesticide for cotton. In insecticides, phoxim is most active ingredient along with the beta-cypermethrin and cypermethrin. Abamectin is usually used as an insecticide to protect soybean, fruits and vegetables, cereals, and cotton.
Grains and cereals is anticipated to exhibit a high CAGR
On the basis of crop types, the market is categorized as pulses and oilseeds, fruits and vegetables, grains and cereals, commercial crops, and others. The grains and cereals segment is projected to expand at a considerable CAGR during the forecast period owing to rising demand for food. This is due to rising population which contributes to increase in cereal production, and proliferates the pesticide usage in the country.
Segments
Segments Covered in the Report
The China crop protection chemicals market is segmented on the basis of:
Origins
Product Types
- Insecticides
- Herbicides
- Fungicides
- Others
Crop Types
- Pulses and Oilseeds
- Fruits and Vegetables
- Grains and Cereals
- Commercial Crops
- Others
Country
Key Players
- Nutrichem Company Limited
- Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co., Ltd.
- Jiangsu Huifeng Bio Agriculture Co., Ltd.
- Shandong Weifang Rainbow Chemical Co.,Ltd.
- Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Competitive Landscape
The key players competing in the China crop protection chemicals market are Nutrichem Company Limited; Sichuan Leshan Fuhua Tongda Agro-chemical Technology Co., Ltd.; Jiangsu Huifeng Bio Agriculture Co., Ltd.; Shandong Weifang Rainbow Chemical Co., Ltd; and Zhejiang Xinan Chemical Industrial Group Co., Ltd.
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