The global crop protection chemicals pesticides market size was valued at USD 61,298 million in 2020 and is projected to expand at a substantial CAGR during the forecast period. Growth of the market is attributed to rising demand from crop industry.
Vigorous expansion and changing crop mix trends as well as environmental laws, the crop protection chemical sector has evolved throughout the years. Growing population, shrinking arable land, food security, and the need for increased agricultural productivity are driving demand for crop protection chemicals pesticides. The key variables acting as restrictions are rising R&D costs, low per capita income, reduced use of crop protection chemicals in certain developing nations, and pesticide bans in certain locations. Crop protection chemicals are a type of agrochemical that is used to keep crops safe from insects and pest infestations. Pesticides, both synthetic and bio-based, accounted for more than 90% of the crop protection chemicals industry. Because bio pesticides are highly target-specific and offer no risk to non-target species, they are safe for humans, animals, and environment.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing initiatives and support from government is projected to drive the market.
- Growing agricultural demand has encouraged the adoption of crop protection chemicals.
- Ban on pesticides is estimated to hinder the market growth.
- Development of bio- based crop protection pesticide is anticipated to create immense opportunities for the market players.
Scope of the Report
The report on the global crop protection chemicals pesticides 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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Crop Protection Chemicals Pesticides Market - Global 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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Types (Insecticides, Fungicides, Herbicides, Nematicides, and Others), Application (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, and Other)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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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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Syngenta International AG; Bayer Crop Science AG; Corteva Agriscience; BASF SE; and UPL Ltd
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Market Segment Insights:
The herbicides segment holds a major market share
Based on types, the global crop protection chemicals pesticides market is segregated into insecticides, fungicides, herbicides, nematicides, and others. The herbicides segment held the major market share, owing to increased use particularly of non-selective herbicides, in a variety of agricultural applications. Recent advances in the production of non-selective herbicides have increased their demand for weed control in wastelands, as well as in industrial and construction sectors.
The grains & cereal segment is anticipated to expand at a high CAGR during forecast period
On the basis of applications, the smoke detectors market is segregated into grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, and others. The cereals and oilseeds segment held the major market share in 2019, and it is expected to expand at a high CAGR over the forecast period. The fruits & vegetables segment is expected to expand at a CAGR of 5.0 percent during the forecast period.
Asia Pacific is projected to dominate the market
In terms of regions, the crop protection chemicals pesticides market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is projected to dominate the market. China, Japan, India, and Australia accounted for over 80% of the Asia Pacific crop protection chemicals market in 2020. China, the world's major cotton producer, has increased the use of genetically modified cotton, resulting in a considerable reduction in chemical pesticide use across the country.
Segments
Segments Covered in the Report
The global crop protection chemicals pesticides market is segmented on the basis of
Types
- Insecticides
- Fungicides
- Herbicides
- Nematicides
- Others
Applications
- Grains & Cereals
- Pulses & Oilseeds
- Commercial Crops
- Fruits & Vegetables
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Syngenta International AG
- Bayer Crop Science AG
- Corteva Agriscience
- BASF SE
- UPL Ltd
Competitive Landscape
The major players in the crop protection chemicals pesticides market include Syngenta International AG, Bayer Crop Science AG, Corteva Agriscience, BASF SE, and UPL Ltd
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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