Crop Protection Chemicals Market to Reach Valuation of US$ 106.7 Bn by 2031: Transparency Market Research

Crop Protection Chemicals Market: Introduction

Transparency Market Research delivers key insights on the global crop protection chemicals market. In terms of revenue, the global crop protection chemicals market is estimated to expand at a CAGR of 5.7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global crop protection chemicals market.

The global crop protection chemicals market is broadly affected by several factors, including increase in usage of crop protection chemicals in various end-use applications such as open field & protective cultivation and horticulture. Rise in global demand for open field & protective cultivation and horticulture has led to significant growth in usage of crop protection chemicals. Increase in production and demand for open field & protective cultivation is expected to be the primary driver of the global crop protection chemicals market.

Crop Protection Chemicals Market: Dynamics

Crop protection chemicals are widely used in modern agriculture as effective and economical solutions to enhance crop yield by preventing crops from harmful pests and weeds. Thus, rise in crop yield helps ensure food security for the growing population.

The broad class of chemicals that protect crops is called pesticides. Pesticides include herbicides (protect plants from weeds that compete for sunlight, space, nutrients, and water), fungicides/bactericides (protect plants from fungus and bacteria that cause diseases in plants), and insecticides (protect plants from insects that feed on a particular crop).

The global open field & protective cultivation segment is expected to expand considerably during the forecast period. Thus, growth in open field & protective cultivation, horticulture, and floriculture activities is projected to boost the demand for crop protection chemicals during the forecast period.

Manufacturers are focusing on open field & protective cultivation, as the share held by this segment in the crop protection chemicals market is likely to increase during the forecast period.

Crop Protection Chemicals Market: Prominent Regions

Asia Pacific holds major share of the global crop protection chemicals market. The market in the region is anticipated to expand at a CAGR of more than 7% during the forecast period. Increase in demand for crop protection chemicals in various components such of open field & protective cultivation and horticulture in Asia Pacific is driving the crop protection chemicals market in the region. China is a key country in the crop protection chemicals market in Asia Pacific. It held significant share of the crop protection chemicals market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.

Europe is also a vital region of the global crop protection chemicals market. Germany led the crop protection chemicals market in Europe in 2020. Increase in demand crop protection chemicals in open field & protective cultivation and floriculture is driving the market in Germany.

Crop Protection Chemicals Market: Major Players

The global crop protection chemicals market is consolidated, with the presence of key players. Prominent players operating in the global crop protection chemicals market include BASF SE, Covestro AG, Jiangsu Changqing Agrochemical Co., Ltd., Corteva, FMC Corporation, Sumitomo Chemical Co., Ltd., UPL, Meghmani Organics Ltd., NIHON NOHYAKU CO. LTD., Nissan Chemical Corporation, Agrinos, ChemChina, Bharat Rasayan Ltd., Aimco Pesticides Ltd., Dhanuka Agritech Ltd., Ichiban, and Nufarm.

Global Crop Protection Chemicals Market: Segmentation

Crop Protection Chemicals Market, by Product

  • Herbicides
    • Glyphosate
    • Atrazine
    • 2,4-D
    • Others
  • Insecticides
    • Malathion
    • Carbaryl
    • Chlorpyrifos
    • Others
  • Fungicides
    • Chlorathalonil
    • Sulfur
    • PCNB
    • Maneb
    • Others
  • Biopesticides
  • Bactericides
  • Others (including Nematicides and Molluscicides)

Crop Protection Chemicals Market, by Dosage Technique

  • Soil
  • Foliar
  • Others (including Deep Plowing and Crop Rotation)

Crop Protection Chemicals Market, by Crop

  • Oilseeds & Pulses
  • Cereals & Grains
  • Fruits & Vegetables
  • Others (including Turf and Ornamentals)

Crop Protection Chemicals Market, by End-use

  • Open Field & Protective Cultivation
  • Horticulture
  • Floriculture
  • Others
  • (including Terrace Farming and Arboriculture)

Crop Protection Chemicals Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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