The global crop protection chemicals market is expected to cross USD 90.09 billion in the forecast period. Crop protection chemicals industry is driven by factors such as rise in necessity for enhanced crop yield to suffice the food demands for rapidly growing population. In addition, inclination toward bio-pesticides when compared to synthetic pesticides is likely to contribute to the market growth in the forecast period. The market witnesses several opportunities in the form of rise in demand for food across various parts of globe. However, land scarcity and limited food supply are likely to disturb the market growth in the forecast period upto 2022.

Crop protection chemicals for agriculture have not only played a significant role in production of food to support food demands but also lower the risk of infestation and infectious disease transmitted by micro-organisms and insects. Evolution in technologies such as chemicals, automated high-throughput, crop genetics, formulations, and smart agriculture is likely to offer new tools in the discovery and progress of agrochemicals.

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Commercially, crop protection chemicals are also known as fungicides, herbicides, and insecticides. Pests being the living organisms can cause injury or possible damage to crops, stocked food, and livestock. They can significantly lessen the potential of farming, raise production costs, and to make matters worse, pests can even destroy an entire cropping system. Hence, there are multiple ways to control the pests and the objective is to minimize the damage and keep pest population below the economic damage.

At times, alternative methods are followed in place of protection chemicals. For instance, physical and mechanical control issued for weed control. Biological control methods are used to lessen the potential of pest species. Genetic control methods are used for plant breeds with pest resistant features. The crop protection chemicals market is segmented into product, application, and region. Geographical segmentation for crop protection chemicals industry include North America, South America, Europe, Asia-Pacific, Middle East and Africa.

European crop protection market leads in the global scenario owing to high demand for vegetable and fruits. Middle Eastern regions are likely to gain a strong market position in the crop protection chemicals market due to extensive farming and agricultural practices. Asia-Pacific’s crop protection chemicals industry is expected to gain a prominent position due to smart agricultural practice; demand for food on regular basis, and rise in technology with respect to agriculture.

The key players in the crop protection chemicals market include Marrone Bio Innovations, BASF SE, Nufarm Ltd, DuPont, BioWorks, FMC Corp, Natural Industries, Monsanto, Syngenta AG, Sumitomo Chemical, Valent Biosciences and Novozymes A/S.

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Market Segment:

Crop Protection Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)
    • Herbicides
    • Fungicides
    • Insecticides
    • Others

Crop Protection Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)
    • Fruits & vegetables
    • Cereals
    • Maize
    • Cotton
    • Rice
    • Others

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Global Crop Protection Chemicals Market is anticipated to witness a steady growth on account of modernisation in agricultural techniques. The overall market is projected to expand at a healthy CAGR over the forecast years. These substances are specially designed to either destroy the pests or keep them away from crops. These compounds work on push-pull methods. Push method consists of those chemicals that keep pests away from the yield. On the other hand, pull techniques involve those that destroy pests by attracting them towards the yield.

Target pests include insects, weeds, microbes, worms, birds, and mammals. Constantly increasing food demand, due to growing population, has driven many sectors associated with the agriculture industry including crop protection chemical market. Crop compounds variety has witnessed a significant rise in the recent years leading to a rise in agricultural harvest.

The necessity for increasing per hectare yield coupled with growing pest free food demand is expected to drive the global industry demand over the forecast period. These chemicals help boost the overall efficiency, which is also projected to have a positive impact on the global market growth. Moreover, these compounds offer better timelines and flexibility for crop harvest. Growing need to increase per hectare yield and gain high margins due to rising food demands across the globe is expected to fuel industry growth.

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In addition, wide acceptance of modern farming techniques along with government support and initiatives encouraging the usage of these methods is also likely to augment the market development in the years to come. Going by the Darwin’s theory of evolution, many insects show chemical resistance, which is highly effective. This factor may hinder the growth of this market. Moreover, adverse health effects associated with these chemicals, such as irritation and breathing problems, may also restrain market expansion. Moreover, some chemicals drift in water bodies and have been one of the leading causes of water pollution in recent years.

Dichlorodiphenyltrichloroethane (DDT), one of the primary insecticide, is banned in several countries as the compound is carcinogenic in nature. Modern agricultural techniques implementation in emerging economies including India and China provide great opportunities for the market. Increasing consumer awareness, especially in the rural areas due to educational programs related to agro-business, provides bright prospects for the global industry. Trends have shown that local municipalities have been using pesticides to control the spread of diseases including malaria, flu, and plague.

Such alternative applications of these chemicals are expected to drive global market further. The global industry can be segmented by chemical type into herbicides, fungicides, insecticides, and others. Herbicides are used for destroying plants and weeds that weaken the crop by extracting its nutrients. Fungicides are used to protect crops getting infected by fungi. Insecticides help in protecting the plant from insects. Other categories include avicides for birds, rodenticides for rodents, and miticides for mites.

Asia Pacific led the global industry and the trend is expected to continue over the forecast period mainly due to the presence of agricultural economies. Emerging economies including India, Indonesia, and China are projected to provide excellent opportunities for the market growth. SAARC countries including Pakistan, Sri Lanka, and Bangladesh are scheduled to show decent growth mainly on account of government funding in these regions.

It was followed by North America and Europe on account of modern agricultural practices introduced and practiced in these regions. These regions are projected to show a notable growth over the forecast period. South America and Africa has shown significant consumption of these products in recent years on account of developing agrarian sector in Brazil, Egypt, and South Africa.

Some of the key companies in the global crop protection chemicals market include Natural Industries, Inc.; Syngenta AG; Monsanto Co.; Bayer AG; The Dow Chemical Company; BASF SE; E. I. du Pont de Nemours and Company; Chemtura Corp.; Cheminova; Chr Hansen Holding A/S; FMC Corp.; Marrone Bio Innovations; Isagro SpA; Ishihara Sangyo Kaisha Ltd.; Nufarm Ltd.; Novozymes A/S; ADAMA Agricultural Solutions Ltd.; Sumitomo Chemical Co., Ltd.; and Valent BioSciences Corp.

The overall market has witnessed a significant number of mergers and acquisitions in recent years. Major companies are focusing on strengthening their global presence through local business acquisitions. In 2013, Belchim Crop Protection acquired ISEM's fungicide technologies. Similarly, in 2014, De Sangosse acquired Alpha Pesticides in Great Britain. Many leading companies are investing in the crop protection chemicals manufacturing and development initiatives on account of tremendous growth opportunities associated with the global industry. The growing product demand is forcing global companies to widen their portfolio by introducing new crop protection offerings.

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The global crop protection chemicals market has witnessed a positive growth over the past several years. This can be attributed to the rising awareness among the farmers along with the introduction of bio-based chemicals which are environment-friendly.

According to the latest report by IMARC Group, titled “Crop Protection Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global crop protection chemicals market reached a value of US$ 57.7 Billion in 2017. Since the beginning of agricultural practices, attempts have been made to protect the crops from fungi, pests or insects. The emergence of crop protection chemicals, such as insecticides, pesticides, herbicides, fungicides, etc., have replaced the use of the compounds used earlier, such as arsenic and mercury salts. These chemicals enable the farmers to improve the yield and quality of their crops in a cost-effective way. Over the years, the manufacturers have developed innovative products and cutting-edge technology to protect crops from being destroyed, which has provided a positive thrust to the crop protection chemicals market.

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Global Crop Protection Chemicals Market Trends:

The frequent outbreaks of pest attacks on crops coupled with the rising need for food security have compelled the farmers to increase the usage of crop protection chemicals so as to maximize crop yield and minimize losses. Along with this, growing awareness among the farmers regarding the benefits of these chemicals has led to an increase in their consumption. Recently, a number of programs have also been introduced in across the world, particularly in Europe, to ensure that all the agrochemicals available in the market cater to the modern safety and environmental standards. This, in turn, has encouraged the manufacturers to produce bio-based chemicals derived from natural sources, such as plants, bacteria, animals, fungi, etc. Due to their beneficial properties and lower environmental impact as compared to conventional products, the demand for bio-based crop protection chemicals is anticipated to increase in the near future. Looking forward, the crop protection chemicals market is projected to reach a value of US$ 77.3 Billion by 2023, exhibiting a CAGR of around 5% during 2018-2023.

Global Crop Protection Chemicals Market Summary:

• Based on product type, the market has been segmented as herbicides, fungicides, insecticides and others. Amongst these, herbicides are the most popular product, holding the largest crop protection chemical market share.
• On the basis of origin, the market has been categorized into synthetic and natural chemicals. Currently, synthetic chemicals dominate the market, accounting for the majority of the overall crop protection chemicals market share.
• Based on crop type, cereals and grains represent the largest segment, followed by oilseeds and pulses; fruits and vegetables; and others.
• The market has further been categorized on the basis of form into solid and liquid crop protection chemicals. Presently, crop protection chemicals in the liquid form account for the largest share.
• On the basis of mode of application, foliar spray leads the market, holding the biggest share. Other major application modes include seed treatment and soil treatment.
• Region-wise, Asia Pacific enjoys the leading position in the global crop protection chemicals market. Other major regions are North America, Europe, Middle East and Africa, and Latin America.competitive landscape of the market has also been examined with some of the key players being BASF SE, The DOW Chemical Company, Dupont, Sumitomo Chemical Co., Ltd, Syngenta AG, Bayer Crop science AG, FMC Corporation, Monsanto Company, Nufarm Limited and ADAMA Agricultural Solutions Ltd.

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Bioherbicides Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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