Crop Protection Chemicals Market Report, By Type (Insecticides, Herbicides, Fungicides), Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits & Vegetables) and Geography- Global Market Share, Trend Analysis & Forecast

Crop protection chemical products, usually referred to as pesticides or agrochemical products, play an important role in governing and monitoring the pests and diseases that contaminate, consume or harm crops thus expressively decreasing the quantity and quality of food production, while the advantages of agricultural revolution goes to farmers and consumers. Crop protection chemicals assist in controlling insects, diseases, weeds, fungi and other unwanted pests. It is assessed that without the use of crop protection chemicals, annual crop losses could be doubled. The market will witness robust growth in the vegetables, fruits, and nuts segment. Synthetic pesticides have been extensively used in the country for alleviating the estimated 45% gross loss of crops due to infestation of pests and diseases. 

Market Dynamics- Global Crop Protection Chemicals Market

Growing food concerns has improved the adoption of new methods for effective farming of mixed crops and to improve crop yield. Moreover, agriculture sector has observed surge in awareness concerning the harmful chemicals in pesticides and the necessity for developing sustainable chemicals through plant, animal, mineral, and bacterial sources, thus lessening soil pollution and contamination of agricultural produce.

This has led to the expansion of bio-based chemicals for crop protection. Moreover, increasing investments and government initiatives are projected to drive the market growth. 

Major Developments:

Saputo announced the launch of its newest product Joan of Arc Crop Protection Chemicals Medallions. Produced from the same high-quality goat milk and collected by independent family farms as its predecessors, these small snacks come from what Saputo has described as of exceptional quality and flavor.  

Crop Protection Chemicals Market Segmental Overview

The study analyses Global Crop Protection Chemicals market based on type, crop type and geography. 

• The major crop protection chemicals include insecticides, herbicides, fungicides etc. Owing to the rising usage of herbicides in the agriculture industry, herbicides dominated the market and are likely to continue the domination over the forecast period. Followed by it is the insecticides segment which are extensively used during crop cultivation. Moreover, increase in crop loss due to insect infestation and growth in agricultural productivity is also likely to fuel the market for insecticides.
• These crop protection chemicals can be applied on various crops such as cereals & grains, oilseeds & pulses and fruits & vegetables. The market for cereals & grains is projected to dominate the market. The nutritional benefits of edible oil, crushed and extracted from various oilseeds such as soybean, canola, sunflower, safflower, palms, sesame and other oilseed crops, have led the emerging economies to witness the demonstration effect in the consumption pattern of oilseed-derived vegetable oil. 

Crop Protection Chemicals Market by Geography

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America was the leading market for the crop protection chemicals owing to the fast adoption of technological advancement by the cultivators together with several regulatory frameworks assisting and rising involvement from local government agencies in the region.  

However, Asia Pacific is anticipated to be the fastest growing region lead by China, India, Japan, and South Korea and are likely to contribute significantly during the forecast period. Ease of trading across international borders in the region will positively impact the industry growth through the forecast timeframe. Rapid growth of the fast food industry and development in economic conditions has opened doors for improved technological interventions, especially in Western Asia.

Global Crop Protection Chemicals Market-Key Players

The major players involved in this market are BASF SE, DuPont, Monsanto, Syngenta Ag, The Dow Chemical Company, Bayer CropScience AG, Sumitomo, ADAMA Agricultural Solutions and among others.