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Crop Protection Chemicals Market size was valued at USD 42.6 billion in 2021 and is poised to grow from USD 43.24 billion in 2022 to USD 66.7 billion by 2030, growing at a CAGR of 5.6% in the forecast period (2023-2030).

The majority of companies are concentrating on enhancing their presence in developing as well as potential markets like Asia Pacific and Central and South America by forming strategic alliances and opening new facilities. For instance, Nufarm Ltd. created an Asia Pacific company in October 2020 by combining enterprises from Australia and New Zealand with those from Asia. Crop protection operations in Australia, New Zealand, and South-East Asia are included in the Asia Pacific business. This was developed to improve the manufacturing capabilities, supply chain efficiency, and regional potential. Leading companies in the market for crop protection chemicals include: 'Syngenta AG', 'Bayer AG', 'BASF SE', 'Corteva Agriscience', 'FMC Corporation', 'ADAMA Agricultural Solutions Ltd.', 'Nufarm Limited', 'UPL Limited', 'Sumitomo Chemical Co., Ltd.', 'Marrone Bio Innovations, Inc.', 'Isagro S.p.A.', 'Valent BioSciences LLC', 'Bioworks Inc.', 'Certis USA LLC', 'Mitsui Chemicals Agro, Inc.', 'Sinochem Group Co., Ltd.', 'Gowan Company, LLC', 'Nippon Soda Co., Ltd.', 'PI Industries Limited', 'Rotam CropSciences Ltd.'

In order to increase crop yield by shielding plants from damaging pests and weeds, crop protection chemicals are widely used in modern agriculture. In order to provide food security for the expanding populace, agricultural productivity has increased. The Food and Agricultural Organization (FAO) reports that Brazil, China, and the United States are the three countries that buy the most of these protective goods. One of the key reasons for increasing agricultural output in these nations is high pesticide usage.

The losses caused on by insect pests have decreased from 13.6% in the post-green revolution era to 10.8% at the turn of the century. The drastic changes in crop production methods, the use of these protective agents, raised knowledge of field and post-harvest losses, and necessary management measures were all factors in the drop in pest infestation. Worldwide infrastructure improvements for post-harvest crop production management.

North America region dominated the crop protection chemicals market in 2022 and is expected to maintain its dominance throughout the forecast period. The region is home to the largest agricultural industry in the form of the U.S. and is characterized by high technological advancements in farming methods, and a robust regulatory framework influencing industry dynamics. The U.S. FDA, and EPA regulate the market in the U.S., which are empowered by the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) and Food Quality Protection Act (FQPA). Over the forecast period, the region is expected to grow at a CAGR of 7.5%. Growth should be driven by product development and advent of sustainable farming practices.

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Global Crop Protection Chemicals Market

Product ID: SQMIG15C2035