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Market Research Report

Global Crop Protection Chemicals Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-08-18 Report Page : 180 Category: Chemicals Minerals & Materials

Global Crop Protection Chemicals Market

Market Overview

Crop protection chemicals market has become increasingly important in recent years. Up to 40% of the global crop yield is lost per year due to weeds, pests and crop diseases. Simultaneously, global demand for food grains is rising consistently. These factors have made adoption of crop protection techniques imperative for crop producers. As per the United Nations, the global population will reach 9 billion, and agricultural production tends to increase by 50-70% by 2050. This coupled with rising demand for animal feed and bio-fuels globally are expected to spur demand in the market for crop protection.

Due to food security issues worldwide, crop protection is set to gain importance as spoilage of crops becomes unfeasible for countries. Changes in climatic conditions and patterns globally add to the risk of crop failure and food security issues, further bolstering demand for crop protection.

Market Segmentation

Global crop protection chemicals market can be segmented as follows:

By Chemical Type

  • Insecticides
  • Pesticides
  • Herbicides
  • Others (Seed Treatment, Bio-pesticide etc)

By Crop Type

  • Cereals and Grains
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Others

By Geography

  • North America (U.S. & Canada) {Market Size (USD Billion) and Growth Analysis (%)}
  •  Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion) and Growth Analysis (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion) and Growth Analysis (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion) and Growth Analysis (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion) and Growth Analysis (%)}
  •  Rest of World {Market Size (USD Billion) and Growth Analysis (%)}

Market Size and Forecast (2016-2024)

Global crop protection chemicals market was valued at USD 60.5 Billion in 2016. On the back of rising agricultural production needs, the market is expected to grow at a CAGR of 5.2% during the forecast period and anticipated reach a market size of USD 89.6 Billion by 2024. Rising investments in agriculture sector along with simultaneous growth in bio-fertilizers segment are the two major factors which are bolstering the demand for crop protection chemicals.

On the basis of segment, herbicides are the most demanded category of chemicals, accounting for over 40% of total revenues. This can be attributed to their benefits in terms of weed control resulting in reduced labor costs, soil erosion and water loss.

Geographically, Latin America is the largest market for crop protection, accounting for over 25% market share of global crop protection chemicals market in 2015. Latin America is one of the biggest players in global agricultural trade, with its rise in export operations. Most of the world’s potential arable land is concentrated in Latin America and sub-Saharan Africa, according to a World Bank report. All these factors contribute to the high demand for crop protection in Latin America region. On the other hand, Asia-Pacific region is expected to create huge demand for crop protection products on the back of rising concern towards protection of crops. Asia-Pacific region is expected to generate market share of more than 20% by the end of 2024 in global crop protection chemicals market.

Market Drivers and Challenges

Rise in global population, urbanization and purchasing power, coupled with reduction in arable lands worldwide are the key reasons necessitating agricultural production to increase, thereby driving growth of global crop protection chemicals market. Moreover, rising demand for animal feed and bio fuels, changing dietary preferences of the population and food security issues also upsurging the demand for crop protection products. Globally, 10.8% of the population in 2015 was undernourished. World population would grow by over a third by 2050, and 70% of it will be residing in urban areas. Given limited land availability, productivity levels need to be increased to feed the population. Water stress or drought issues, climate change, pollution and depleted soil quality increase agricultural risks and further propel growth of global crop protection chemicals market. Going on researches on fertilizers and pesticides and rising adoption of bio-fertilizers are fostering the demand for crop protection chemicals across the globe.

However, stringent government regulations for the use of agrochemicals act as a major restraint for the crop protection chemicals market. Government authorities in various countries, like the U.S. Germany, the UK, are imposing restrictions and bans on pesticides and similar chemicals due their hazardous properties. This can act as deterrents to the demand for crop protection chemicals. Cultivation of genetically modified crops also hinders market growth, as these crops require less pesticide usage.

Key Market Players

  • BASF
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Syngenta
  • Monsanto
  • DuPont
  • Bayer Crop Science
  • Dow AgroSciences

Scope Background

Market Synopsis

Market Segmentation

The global crop protection chemicals market is segmented as follows:

  • By  Chemical Type (Market Size, Demand Analysis and Growth Analysis)
  • By  Crop Type (Market Size, Demand Analysis and Growth Analysis)

By Regions

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remark


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Global Crop Protection Chemicals Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

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