Global Crop Protection Chemicals Market size was valued at USD 68.3 Billion in 2023 and is expected to reach USD 98.5 Billion by 2032, at a CAGR of 4.3% during the forecast period 2023 – 2032.
Crop Protection Chemicals Market – Overview
Crop Protection Chemicals, commonly known as pesticides, are substances used in agriculture to safeguard crops from pests, diseases, and weeds. These chemicals include insecticides, herbicides, fungicides, and bactericides, aiming to control or eliminate threats to crop health, ensuring higher yields and quality.
Recent trends in the crop protection chemicals market include a growing emphasis on sustainable and eco-friendly formulations, driven by increased environmental awareness. Integrated pest management (IPM) practices, combining biological control and precision agriculture technologies, are gaining traction.
There is a notable shift towards the development of biopesticides and biocontrols as alternatives to conventional chemical pesticides.
Additionally, the adoption of digital technologies, such as data analytics, drones, and AI, is enhancing precision farming and optimizing the use of crop protection inputs. Regulatory scrutiny and evolving consumer preferences are influencing the development of safer and more targeted formulations.
Collaborations and partnerships between agrochemical companies and technology firms are on the rise, fostering innovation in the industry. Overall, the trends reflect a broader industry movement towards sustainable, efficient, and technology-driven solutions in crop protection.
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By type, the herbicides segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. The recent trends in herbicides within the crop protection chemicals market include a growing focus on sustainable and eco-friendly formulations.
By form, the liquid segment held the highest market share in 2022. A notable trend driving the crop protection chemicals market is the increasing preference for liquid formulations. Liquid forms, such as emulsifiable concentrates and suspension concentrates, offer easier application, mixing, and handling for farmers.
The liquid formulations provide precise dosage control, enhance coverage on plant surfaces, and often exhibit improved efficacy. Additionally, these formulations contribute to reduced environmental impact and operator exposure.
The shift towards liquid formulations aligns with a broader industry focus on efficiency, safety, and environmental sustainability in crop protection practices, driving the adoption of advanced and user-friendly liquid-based solutions in agriculture.
By mode of application, the foliar spray segment held the highest market share in 2022. Recent trends in foliar spray, a mode of application in crop protection, include the adoption of precision agriculture technologies for targeted and efficient spraying.
CMI has comprehensively analyzed crop protection chemicals market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this crop protection chemicals industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Crop Protection Chemicals Market:
- BASF SE
- Dow Chemical Company
- Dupont
- Nissan Chemical Corp.
- Agrinos
- Bharat Rasayan Ltd
- Adama Agriclutural Solutions Ltd.
- Bayer AG
- Corteva Inc.
- FMC Corporation
- Novozymes A/S
- Nufarm Limited
- Syngenta AG
- UPL Limited
- Sumitomo Chemical Co. Ltd
- Jiangsu Yangnong Chemical Co. Ltd.
- Verdesian Life sciences
- Bioworks Inc.
- Arysta Lifescince Corporation
- America Vanguard Corporation
- Hansen
- Others
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