BRICS Crop Protection Chemical Market Size, Share, Growth Analysis, By Use(Herbicides, Insecticides), By Source(Natural and Synthetic), By Crop Type(Cereal and Grains, Oilseed and Pulses), By Application(Spraying, Dusting), By Form(Solid and Liquid) - Industry Forecast 2024-2031

BRICS Crop Protection Chemicals Market size was valued at USD 27.380 billion in 2021 and is poised to grow from USD 29.190 billion in 2022 to USD 47.231 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).

BRICS crop protection chemical market is highly consolidated, with major players holding a large share of the market. Bayer Crop Science, Syngenta International AG, BASF SE, Corteva AgriScience, and Sumitomo Chemical Co. Ltd are the leading players in the market. New product launches, mergers & acquisitions and partnerships are the major strategies adopted by the leading companies in the market. Key industry players are launching new crop protection products considering demand from farmers and agriculturists. Manufacturers are focusing on expanding their presence worldwide as well as increasing their production capacity. 'BASF SE', 'The Dow Chemical Company', 'Dupont', 'Sumitomo Chemical Co. Ltd', 'Syngenta AG', 'Bayer Cropscience AG', 'FMC Corporation', 'Nufarm Limited', 'Adama Agricultural Solutions Ltd.', 'Verdesian Life sciences', 'Bioworks Inc.', 'Arysta Life sciences Corporation', 'America Vanguard Corporation', 'Corteva Agriscience', 'UPL Limited', 'Jiangsu Yangnong Chemical Group Co Ltd'

Crop protection chemicals are widely used in modern agriculture as effective measures to increase crop yield from harmful insects and weeds. An increase in crop production helps to ensure food security for a growing population. According to the food and agriculture organization, Brazil, China and U.S major consumers of crop protection chemical products. High use of pesticides and herbicides is one of main reason for rising crop yield.

Crop protection chemicals are very important for obtaining high yields as they are necessary to prevent pests and diseases. According to the FAO report, nearly 40% of the world's agricultural crops are destroyed by pests and diseases every year. The use of crop protection chemicals will increase to overcome these problems and increase production. pesticides use increased from 2000 by 4.2 million tons. There has been a significant increase in direct investment in the agricultural sector, which has led to increasing agricultural technology. This investment is mainly to promote the development of new and effective products. Technological advancement has also led to the development of advanced agricultural practices, including farm robotics and new farming techniques. This direct investment is encouraging progress in the agricultural sector.

Brazil is the largest consumer of crop protection chemicals in the BRICS region, accounting for more than a third of the market share. The demand for crop protection chemicals in Brazil is primarily driven by the country's large agricultural sector, which produces a variety of crops such as soybeans, coffee, sugarcane, and corn. The Brazilian market is dominated by herbicides, which account for more than half of the total crop protection chemical sales.

BRICS Crop Protection Chemicals Market size was valued at USD 27.380 billion in 2021 and is poised to grow from USD 29.190 billion in 2022 to USD 47.231 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).

BRICS crop protection chemical market is highly consolidated, with major players holding a large share of the market. Bayer Crop Science, Syngenta International AG, BASF SE, Corteva AgriScience, and Sumitomo Chemical Co. Ltd are the leading players in the market. New product launches, mergers & acquisitions and partnerships are the major strategies adopted by the leading companies in the market. Key industry players are launching new crop protection products considering demand from farmers and agriculturists. Manufacturers are focusing on expanding their presence worldwide as well as increasing their production capacity. 'BASF SE', 'The Dow Chemical Company', 'Dupont', 'Sumitomo Chemical Co. Ltd', 'Syngenta AG', 'Bayer Cropscience AG', 'FMC Corporation', 'Nufarm Limited', 'Adama Agricultural Solutions Ltd.', 'Verdesian Life sciences', 'Bioworks Inc.', 'Arysta Life sciences Corporation', 'America Vanguard Corporation', 'Corteva Agriscience', 'UPL Limited', 'Jiangsu Yangnong Chemical Group Co Ltd'

Crop protection chemicals are widely used in modern agriculture as effective measures to increase crop yield from harmful insects and weeds. An increase in crop production helps to ensure food security for a growing population. According to the food and agriculture organization, Brazil, China and U.S major consumers of crop protection chemical products. High use of pesticides and herbicides is one of main reason for rising crop yield.

Crop protection chemicals are very important for obtaining high yields as they are necessary to prevent pests and diseases. According to the FAO report, nearly 40% of the world's agricultural crops are destroyed by pests and diseases every year. The use of crop protection chemicals will increase to overcome these problems and increase production. pesticides use increased from 2000 by 4.2 million tons. There has been a significant increase in direct investment in the agricultural sector, which has led to increasing agricultural technology. This investment is mainly to promote the development of new and effective products. Technological advancement has also led to the development of advanced agricultural practices, including farm robotics and new farming techniques. This direct investment is encouraging progress in the agricultural sector.

Brazil is the largest consumer of crop protection chemicals in the BRICS region, accounting for more than a third of the market share. The demand for crop protection chemicals in Brazil is primarily driven by the country's large agricultural sector, which produces a variety of crops such as soybeans, coffee, sugarcane, and corn. The Brazilian market is dominated by herbicides, which account for more than half of the total crop protection chemical sales.