USD 27.380 billion
Report ID:
SQMIR15C2080 |
Region:
Regional |
Published Date: April, 2024
Pages:
184
|Tables:
143
|Figures:
74
BRICS Crop Protection Chemical Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).
Crop protection chemicals have become increasingly important over the past few decades due to the need to increase agricultural productivity and adequate food supply for a growing world population. This growth is mainly due to population growth in all countries of the world, which is forcing the agricultural sector to increase production to ensure better nutrition for the entire population. Apart from this, factors such as decreasing acreage and increasing crop losses due to pests are prompting farmers to use more crop protection products to achieve desired yields. Crop chemical products, such as crop pesticides, reduce yield losses caused by pests and diseases. According to the Royal Society of Chemicals, around 800 chemically active ingredients are registered for use in crop protection solutions worldwide. Increasing population, decreasing arable land, food security and the need for increased agricultural productivity are the key factors driving the growth of the market.
BRICS Crop Protection Chemical Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 27.380 billion
Largest Segment
Herbicide
Fastest Growth
Herbicide
Growth Rate
6.2% CAGR
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BRICS crop protection chemical market is segmented on the basis of use, source and region. On the basis of use, the market is segmented into herbicides, insecticides, fungicides, and others (rodenticides, disinfectants, fumigants, plant growth regulators, and mineral oils). On the basis of source, the market is segmented into natural and bio pesticides. By Crop Type, the market is segmented into Cereal and Grains, Oilseed and Pulses, Fruits and Vegetables. By Application, the market is segmented into Spraying, Dusting, Seed Treatment, Soil Treatment, Volatilization, and Others. By Form, the market is segmented into Solid and Liquid. On the basis of region, the market is segmented into Brazil, Russia, India, China, South Africa.
Analysis by Use
On the basis of use BRICS crop protection chemical market is segmented into herbicides, insecticides, fungicides, and others (rodenticides, disinfectants, fumigants, plant growth regulators, and mineral oils). The herbicides segment dominated the market in developing countries like India & China and is expected to maintain its dominance throughout the forecast period. Herbicides are substances that kill or inhibit the growth of weeds. They are widely used in weed control, which helps in increasing crop productivity and quality. Use of herbicides in agro ecosystem can change composition of weed populations. Herbicides are heavily consumed in the agriculture sector. High efficiency of herbicides in weeding techniques is expected to support the market segment growth in upcoming year. Launch of various herbicide products which have unique features based on selectivity of weed, crop type helps the crop protection chemical market growth.
Analysis by Source
On the basis of source, BRICS crop protection chemical market is segmented into natural and synthetic. The synthetic chemicals segment holds the major share in the market. These are mainly due to high use of chemicals in developing countries of Asia, South America, and Middle & East Africa. Low prices of synthetic chemicals and pest targeted effectiveness are key factors that increase usage of synthetic chemicals. On other hand, the demand of natural source of chemicals of crop protection product is increasing in most of countries and local governments promote environment eco-friendly crop protection products.
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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.
India is the second-largest consumer of crop protection chemicals in the BRICS region, accounting for more than a quarter of the market share. The demand for crop protection chemicals in India is driven by the country's large population and the need to increase agricultural productivity to meet the food demand. The Indian market is dominated by insecticides, which account for more than half of the total crop protection chemical sales.
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Driver
Increasing use of crop protection measures for higher yield and complete growth of crops
Emergence of pests and diseases due to climatic fluctuations to aid crop growth
Restraint
Increase in insect resistance to crop pesticides
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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.
Top Player's Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to BRICS crop protection chemical market analysis, growing population demand for more food, growing technological advancements in the agricultural industry, scarcity of arable land, rising environmental concerns, and advancements in plant breeding and management capabilities are all influencing the market growth, leading to increased use of crop protection chemicals. The herbicides segment dominated the market in developing countries like India & China and is expected to maintain its dominance, throughout the forecast period. Brazil dominated the market due to its large agricultural base. Higher demand for food grains, limited availability of arable land, elevating exports, growth in horticulture & floriculture, and increasing public awareness regarding pesticides & bio pesticides are key factors driving market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0 Billion |
Market size value in 2032 | USD 0 Billion |
Growth Rate | 6.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the BRICS Crop Protection Chemical Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the BRICS Crop Protection Chemical Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the BRICS Crop Protection Chemical Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the BRICS Crop Protection Chemical Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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.
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Report ID: SQMIR15C2080
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