USD 27.380 billion
BRICS Crop Protection Chemical Market Size, Share, Growth Analysis, By Use(Herbicides, Insecticides, Fungicides), By Source(Natural and Synthetic), By Crop Type(Cereal and Grains, Oilseed and Pulses, Fruits and Vegetables), By Application(Spraying, Dusting, Seed Treatment, Soil Treatment), By Form(Solid and Liquid), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR15C2080 |
Region:
Regional |
Published Date: April, 2024
Pages:
184
|Tables:
143
|Figures:
74
BRICS Crop Protection Chemical Market Insights
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).
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.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Herbicide
Fastest Growth
Herbicide
Growth Rate
6.2% CAGR
BRICS crop protection chemical Market, 2022-2030 ($ Bn)
Country Share for BRICS Region- 2022 (%)
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BRICS Crop Protection Chemical Market Segmental Analysis
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.
BRICS crop protection chemical market By use, 2022 (%)
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BRICS Crop Protection Chemical Market Regional Insights
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.
BRICS crop protection chemical market By Geography, 2022-2030
- Largest
- Fastest
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BRICS Crop Protection Chemical Market Dynamics
Driver
Increasing use of crop protection measures for higher yield and complete growth of crops
- 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.
Emergence of pests and diseases due to climatic fluctuations to aid crop growth
- Climate change has accelerated the growth of pests and plant diseases. Climate change has a significant impact on crop protection and pest problems. Climate change is the main factor that reduces the impact of various pests and diseases on crops that affect crop production. Any change in climate leads to changes in farming practices and thus lowers productivity. Fungal diseases increase due to irregular rainfall. These factors increase farmers' dependence on crop protection chemical products for effective pest control; hence these factors drive market growth.
Restraint
Increase in insect resistance to crop pesticides
- The increased in resistance of pests towards certain crop protection chemicals is major factor that hamper the market growth. Insect resistance has increased due to a significant reduction in the effectiveness of some active ingredients. This resistance can be attributed to changes in the metabolic patterns of insects, increased reproductive rates and spread of pests.
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BRICS Crop Protection Chemical Market Competitive Landscape
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
- The Dow Chemical Company
- 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
Recent Developments
- In January 2020, Crystal Crop Protection Ltd acquired three pesticide brands, Dursban, Nurel-D and Predator from Corteva Agriscience. The acquisition will add value to the company's business and strengthen its market presence.
- In May 2020, BASF launched 'Seltima' innovative fungicide for rice crop protection in Thailand. A product with unique encapsulation technology to ensure a controlled release of active ingredients directly on the plant surface.
- In December 2020, Corteva Agriscience launched a new mobile application to help growers to protect their crops and secure and sustainable agricultural systems. The tool provides information to ensure safe use of pesticides.
BRICS Crop Protection Chemical Key Market Trends
- 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. Global 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.
BRICS Crop Protection Chemical Market SkyQuest Analysis
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 2021 | USD 27.380 billion |
| Market size value in 2030 | USD 47.231 billion |
| Growth Rate | 6.2% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on BRICS Crop Protection Chemical Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on BRICS Crop Protection Chemical Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
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