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Crop Protection Chemicals Market Analysis

Report ID: GMI6831
Published Date: Sep 2023
Report Format: PDF

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Crop protection chemicals Market Analysis

Crop Protection Chemicals Market Size, By Product, 2021 - 2032 (USD Billion)

Based on product type, the crop protection chemicals market is segmented as Herbicides, Fungicides, Insecticides, Biopesticides, Others. Herbicides held a majority market value of USD 35.2 billion in 2022. The primary driver for herbicides is the need to control weeds, which compete with crops for resources like sunlight, water, and nutrients.

Crop Protection Chemicals Market Revenue Share, By Source, (2022)

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Based on source, the crop protection chemicals market is segmented as Synthetic, Natural. Synthetic held a dominant market share of around 80% in 2022 and is expected to grow at a lucrative pace till 2032. Synthetic chemicals are often favored for their quick and reliable pest control. Farmers demand effective solutions to protect their crops from pests, diseases, and weeds.

Based on crop type, the crop protection chemicals market is segmented as Cereal and Grains, Fruits and Vegetables, Oilseed and Pulses, Others. Cereal and Grains held a dominant market share in 2022 and is anticipated to grow at 4.2% CAGR till 2032. Cereal crops are staple foods globally, and protecting their yields from pests and diseases is crucial for food security.

Based on crop type, the crop protection chemicals market is segmented as Dry, Liquid. Dry held a dominant market share in 2022 and is anticipated to grow significantly through 2032. Dry flowables are easy to mix with water and provide a combination of benefits from both solid and liquid formulations.

Based on application, the crop protection chemicals market is segmented as Foliar Spray, Seed Treatment, Soil Treatment, Others. Foliar spray held a dominant market share in 2022 and is anticipated to grow up to 2032. Foliar spray allows for direct application to plant foliage, providing effective control of pests and diseases.

U.S. Crop Protection Chemicals Market Size, 2020- 2032 (USD Billion)

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U.S. dominated the North American region with majority market share and a revenue of USD 35.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America is home to a wide variety of pests and diseases that affect crops. The need to manage these threats drives demand for effective crop protection chemicals.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for crop protection chemicals was USD 88.2 billion in 2022 and is projected to be valued at USD 132.4 billion by 2032 attributed to the rising need to control and manage pests, diseases, and weeds.

Crop protection chemicals industry from the herbicides segment reached USD 35.2 billion in revenue in 2022 owing to the growing need to control weeds, which compete with crops for resources, such as sunlight, water, and nutrients.

U.S. industry size for crop protection chemicals generated USD 35.2 billion in revenue in 2022 and is anticipated to expand significantly through 2032 owing to the presence of wide variety of pests and diseases affecting crops in the region.

Some of the leading crop protection chemical companies are Nippon Paper Industries Co., Ltd., Stora Enso, South African Pulp & Paper Industries, Mondi plc, ITC Limited, Smurfit Kappa Group, Oji Holding Corporation, and International Paper Group.