Crop Protection Chemicals Market Size, Share, Growth Analysis, By Product (Herbicides, Fungicides, Insecticides), By Application (Fruits & Vegetables, Cereals, Maize, Cotton), By Source (Synthetic Chemicals and Biologicals), By Region - Industry Forecast 2024-2031

Global Crop Protection Chemicals Market size was valued at USD 75.8 billion in 2022 and is poised to grow from USD 79.5 billion in 2023 to USD 111.1 billion by 2031, growing at a CAGR of 4.9% during the forecast period (2024-2031). 

The majority of companies in crop protection chemicals industry are concentrating on enhancing their presence in developing as well as potential markets like Asia Pacific and Central and South America by forming strategic alliances and opening new facilities. For instance, Nufarm Ltd. created an Asia Pacific company in October 2023 by combining enterprises from Australia and New Zealand with those from Asia. Crop protection operations in Australia, New Zealand, and South-East Asia are included in the Asia Pacific business. This was developed to improve the manufacturing capabilities, supply chain efficiency, and regional potential. Leading companies in the crop protection chemicals market include: 'BASF SE (Germany) ', 'Bayer AG (Germany ', 'FMC Corporation (US) ', 'Syngenta Group (Switzerland) ', 'Corteva (US) ', 'UPL (India) ', 'Nufarm (Australia) ', 'Sumitomo Chemical Co., Ltd (Japan) ', 'Albaugh LLC (US) ', 'Koppert (Netherlands) ', 'Gowan Company (US) ', 'American Vanguard Corporation (US) ', 'Kumiai Chemical Industry Co., Ltd (Japan) ', 'PI Industries (India) ', 'Chr. Hansen A/S (Denmark) ', 'Certis USA L.L.C (US) ', 'Sipcam Oxon Spa (Italy) ', 'Biobest Group NV (Belgium) ', 'Vestaron Corporation (US) ', 'BIONEMA (UK) ', 'Wynca Group (China) ', 'Lier Chemical Co., Ltd (China) ', 'HELM AG (Germany) ', 'Jiangsu Yangnong Chemical Co., Ltd (China) ', 'Nanjing Red Sun Co., Ltd (China). '

In order to increase crop yield by shielding plants from damaging pests and weeds, crop protection chemicals are widely used in modern agriculture. In order to provide food security for the expanding populace, agricultural productivity has increased. The Food and Agricultural Organization (FAO) reports that Brazil, China, and the United States are the three countries that buy the most of these protective goods. One of the key reasons for increasing agricultural output in these nations is high pesticide usage.

The global losses caused on by insect pests have decreased from 13.6% in the post-green revolution era to 10.8% at the turn of the century. The drastic changes in crop production methods, the use of these protective agents, raised knowledge of field and post-harvest losses, and necessary management measures were all factors in the drop in pest infestation. Worldwide infrastructure improvements for post-harvest crop production management.

North America region dominated the crop protection chemicals market in 2023 and is expected to maintain its dominance throughout the forecast period. The region is home to the largest agricultural industry in the form of the U.S. and is characterized by high technological advancements in farming methods, and a robust regulatory framework influencing industry dynamics. The U.S. FDA, and EPA regulate the crop protection chemicals market in the U.S., which are empowered by the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) and Food Quality Protection Act (FQPA). Over the forecast period, the region is expected to grow at a CAGR of 7.5%. Growth should be driven by product development and advent of sustainable farming practices.