Crop Protection Chemicals Market Size Worth $118.12 Billion By 2032 | CAGR: 5.2%

The global crop protection chemicals market size is expected to reach USD 118.12 billion by 2032, according to a new study by Polaris Market Research. The report “Crop Protection Chemicals Market Size, Share, Trends, Industry Analysis Report: By Type (Herbicides, Insecticides, Fungicides & Bactericides, Other), Origin, Form, Mode of Application, Crop Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The agricultural sector plays a crucial role in maintaining global economic stability. There is a growing global demand for crops used in food, feed, and fuel, necessitating increased crop yields. As agricultural land diminishes, producers must enhance efficiency to meet rising food demands.

According to the Food and Agriculture Organization (FAO), demand for cereals for human and animal consumption is expected to rise to 3 billion tons by 2050, up from 2.1 billion tons in 2018. This surge, coupled with biofuel demand, impacts commodity prices, food security, and poverty levels in developing nations. Hence, effective use of crop protection chemicals and advanced agricultural technologies is essential to overcome yield limitations, boost productivity, and ensure environmental sustainability. Crop protection chemicals offer a cost-effective means for farmers to enhance crop yield and quality.

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There is a noticeable trend towards sustainable solutions in the crop protection chemicals market, with a growing preference for bio-based and environmentally friendly alternatives. Biopesticides, derived from natural sources such as plants, bacteria, and fungi, are gaining popularity due to their effective pest management capabilities while minimizing adverse environmental impacts compared to traditional chemical pesticides. These biopesticides offer several advantages, including lower toxicity levels, reduced residues in crops, and compatibility with integrated pest management (IPM) practices. Their appeal is further bolstered by increasing consumer demand for food products with fewer synthetic chemical residues, as well as stringent regulatory pressures that encourage the adoption of safer and more sustainable agricultural practices.

Crop Protection Chemicals Market Report Highlights

• The cereals and grains segment led the global crop protection chemicals market in 2023, driven by the essential role of staple crops such as wheat, rice, corn, and barley in human and livestock consumption.
• In 2023, the herbicides segment dominated the crop protection chemicals market, as it is crucial for weed control and exemplified by Glyphosate's widespread use in major agricultural regions such as the US, Brazil, and Argentina.
• Asia Pacific is expected to lead the revenue share during forecast period, driven by its substantial agricultural sector and the imperative to enhance crop yields amid a rapidly growing population, particularly in countries including China and India.
• Latin America held the second-largest revenue share in the crop protection chemicals market, driven by countries such as Brazil and Argentina, prominent global producers of crops such as soybeans, sugarcane, corn, and coffee.
• The global key market players include Albaugh LLC; American Vanguard Corporation; BASF SE; Bayer AG; Chr. Hansen A/S; Corteva; FMC Corporation; Gowan Company; Koppert; Kumiai Chemical Industry Co., Ltd; Nufarm; PI Industries; Sumitomo Chemical Co., Ltd; and Syngenta Group, UPL.

Polaris Market Research has segmented the crop protection chemicals market report based on type, origin, form, application, crop type, and region:

By Type Outlook (Revenue - USD billion, 2019 - 2032)

• Herbicides
• Insecticides
• Fungicides & Bactericides
• Other

By Origin Outlook (Revenue - USD billion, 2019 - 2032)

• Synthetic
• Biopesticides

By Form Outlook (Revenue - USD billion, 2019 - 2032)

• Liquid
• Solid

By Application Outlook (Revenue - USD billion, 2019 - 2032)

• Foliar Spray
• Seed Treatment
• Soil Treatment
• Other

By Crop Type Outlook (Revenue - USD billion, 2019 - 2032)

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

By Regional Outlook (Revenue - USD billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Vietnam
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Crop Protection Chemicals Report Scope