Report

Crop Protection Chemicals Market Size, Share & Trends Analysis - Global Opportunity Analysis and Industry Forecast 2030

  • Publish Date: Jun,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global crop protection chemicals market size was USD 62.9 billion in 2021. The global crop protection chemicals market is forecast to grow to US$ 88.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
Crop protection refers to the practice of protecting crops from weeds, herbal diseases, and pests. Crop protection chemicals are highly essential to protect crops from bacteria, birds, rodents, insects, etc., which may damage the crop.

Factors Influencing the Market
Rising global population and increasing demand for crop protection to cater to the food demands of the population will fuel the growth of the global crop protection chemicals market. In addition to that, stringent government regulations restricting the use of POPs will drive the demand for eco-friendly pesticides. As a result, it will offer ample growth opportunities for the crop protection chemicals market during the forecast period.
Rising demand to handle food scarcity will place a higher emphasis on high crop yields. As a result, it will accelerate the demand for crop protection chemicals. Moreover, growing investments in the agriculture sector and the fact that governments are offering various incentives to the users will drive the crop protection chemicals market forward. On the contrary, adverse effects of crop protection chemicals on the crop may limit the growth of the overall market during the study period.

COVID-19 Impact Analysis
COVID-19 has had an impact on both public health and the global economy, which caused socio-economic disruptions across the world. The spread of COVID-19 has impacted the agriculture input sector, as well as other industries. From raw material imports to end-product manufacturing, the coronavirus has affected almost every process in the production and distribution of agrochemicals. Both active ingredients and pesticide products are produced in large quantities in China. However, the closure of Chinese factories substantially hampered the growth of the crop protection chemicals market.

Regional Analysis
Europe is forecast to hold a significant share in the crop protection chemicals market, owing to the centralized and standardized regulatory environment in the region. Furthermore, growing regulatory support and rising involvement from local government agencies will also contribute to the growth of the crop protection chemicals market in the region.
The Asia-Pacific crop protection chemicals market is forecast to register a significant growth rate, owing to the presence of various emerging economies, such as China, India, Philippines, Indonesia, Malaysia, Thailand, etc. Furthermore, a growing emphasis on agricultural activities in India and China will benefit the overall crop protection chemicals market during the forecast period.

Competitors in the Market
BASF SE
E.I. du Pont de Nemours and Company
Syngenta AG
The Dow Chemical Company
Sumitomo Chemical Co., Ltd.
Bayer Crop Science
PI Industries
Hansen
Syngenta
Corteva
Cheminova
Other prominent players

Market Segmentation
The global crop protection chemicals market segmentation focuses on Product, Application, and Region.
By Origin
Synthetic
Bio-based
By Type
Fungicide
Insecticide
Nematicide
Herbicide
Others Types
By Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Commercial Crops
Other Applications
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America