Crop Protection Chemicals Market Size, Share, Trends, Growth and Forecast 2030

Global Crop Protection Chemicals Market: Overview

With a compound annual growth rate (CAGR) of around 4.98% between 2023 and 2030, the global crop protection chemicals market, estimated to be valued around USD 88.01 billion in 2022, is expected to reach roughly USD 129.83 billion by 2030.

The technique used to shield crops from weeds, plant diseases, and other pests is known as crop protection. Insects, birds, rats, bacteria, and other factors could harm the crop. These agricultural products include fruits, vegetables, grains, wheat, maize, and rice, among others. The expanding population has led to a rise in demand for food security, traditional farming methods, and an assessment of the transition. In order to increase production, crop protection chemicals are being used more often in agricultural fields. They are widely used throughout the world to increase agricultural output and decrease crop loss in order to meet the growing population's demand for food. As a result, a wide range of market participants adopt crop protection chemicals. Chemicals used for crop protection include herbicides, insecticides.

Global Crop Protection Chemicals Market Size

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A complex blend of chemicals known as crop protection chemicals contains hazardous and poisonous components that have the potential to contaminate the environment. Numerous health problems, including cancer, skin infections, lung infections, and others, can be brought on by these compounds. Governments have therefore released comprehensive recommendations about its application and ingestion in agricultural lands. Nonetheless, a lot of research is being done to find a less dangerous alternative to pesticides and other crop protection chemicals. This could impede the global market for crop protection chemicals from expanding.

Global Crop Protection Chemicals Market: Growth Factors

Tight restrictions on the use of persistent organic pollutants (POPs) have resulted in a rise in the use of environmentally friendly pesticides with little environmental impact, such pyrethroid and pyrethrum. The world's crop protection chemicals industry is expanding thanks in part to the growing need for food security as a result of the world's finite agricultural area and expanding population. Furthermore, the use of crop protection agents has increased as a result of agricultural output losses brought on by pest attacks. On the other hand, because DDT pollutes agricultural soil and has serious health concerns to both humans and animals, its use in frames has been outlawed.

Global Crop Protection Chemicals Market: Segmentation

Based on crop type, the global market for crop protection chemicals is divided into categories such as fruits and vegetables, cereals and oilseeds, and others. The worldwide market is divided into various categories such as insecticides, herbicides, fungicides, and others. Because of its growing use in farming, the herbicides category is the largest one in the global market. Furthermore, they have the ability to eradicate a variety of herbs and undesired weeds to minimize crop loss. Furthermore, biopesticides and synthetics are the two origin categories used to classify the global market for crop protection chemicals. Moreover, the global market is divided into categories according to application, including soya beans, grains and cereals, fruits, vegetables, and nuts, oilseeds and pulses, rapeseed, sugarcane, corn, cotton, wheat, and others.

Global Crop Protection Chemicals Market: Regional Analysis

In the near future, the global market for crop protection chemicals in Latin America may grow due to the region's growing biofuel crop production. Energy crops including sugarcane, wheat, rapeseed, corn, and soybeans are the source of these resources. The need for biofuels is driving the global market by decreasing reliance on conventional fuels and their imports, which is why Asia Pacific is also expanding quickly in the global industry. In the near future, Asia Pacific's crop protection chemicals market is anticipated to rise due to restrictions on the use of persistent organic pollutants. They contribute to the deterioration of the ecosystem. Furthermore, developing nations like Argentina, Brazil, and Chile strongly favor biofuel.

Global Crop Protection Chemicals Market: Competitive Players

The majority of businesses are concentrating on expanding their footprints through strategic alliances and the construction of new facilities in emerging and promising areas like Asia Pacific and Central & South America. For example, Nufarm Ltd created an Asia Pacific firm in October 2020 by combining businesses from Australia and New Zealand with enterprises from Asia. Crop protection activities in Australia, New Zealand, and South-East Asia are included under Asia Pacific business. This was done to provide opportunities throughout the region and enhance the industrial capabilities, efficiency, and supply chain. Leading companies in the worldwide market for crop protection chemicals include:

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Major companies operating in the global crop protection chemicals market are -