Crop Protection Chemicals Market Size to Surpass USD 112.7 billion in value by 2033

Introduction

The global crop protection chemicals market is on a growth trajectory, projected to reach USD 112.7 billion by 2033 from USD 74.7 billion in 2023, with a compound annual growth rate (CAGR) of 4.2% from 2024 to 2033. This growth is driven by several factors, including the increasing need for food security due to a growing global population and advancements in agricultural practices and technologies. One significant trend is the rising demand for biopesticides, which are seen as safer and more sustainable alternatives to synthetic pesticides. Additionally, technological innovations in formulation techniques, such as nanotechnology and encapsulation, are enhancing the efficacy and safety of crop protection products. The adoption of Integrated Pest Management (IPM) strategies, which combine various pest control methods to minimize pesticide use, is also gaining traction, contributing to market growth.

However, the market faces challenges such as stringent regulatory pressures on synthetic pesticides, which are driving the development of safer alternatives. The need for sustainable and environmentally friendly solutions is prompting companies to invest in research and development to create novel active ingredients and safer formulations regionally, North America dominates the market, driven by its extensive agricultural activities, advanced farming practices, and robust regulatory framework. The region’s emphasis on maximizing agricultural output necessitates effective crop protection measures, further boosting the demand for these chemicals.

Bayer Crop Science is a leading player in the crop protection chemicals sector, providing innovative solutions for weed, disease, and insect management. They offer a range of herbicides, fungicides, and insecticides designed to enhance crop yields and quality. Bayer emphasizes safety and sustainability, training over one million farmers annually on the safe use of these products. Their commitment to sustainable agriculture and food security aligns with their mission, “Health for all, hunger for none”.

Corteva Agriscience focuses on delivering advanced crop protection solutions that help farmers maximize productivity while minimizing environmental impact. Their extensive portfolio includes herbicides, fungicides, and insecticides, developed through cutting-edge research and innovation. Corteva prioritizes sustainability and farmer education, promoting the responsible use of crop protection products to ensure long-term agricultural success. Their commitment to innovation and sustainability positions them as a key player in the crop protection chemicals market.

Key Takeaways

• Market Growth: The Global Crop Protection Chemicals Market size is expected to be worth around USD 112.7 Billion by 2033, From USD 74.7 Billion by 2023, growing at a CAGR of 4.2% during the forecast period from 2024 to 2033.
• In the Asia-Pacific region, the crop protection chemicals market accounts for 30.5%, totaling USD 22.8 billion.
• By Type: Herbicides dominate market share at 43.2% in usage statistics.
  By Source: Synthetic herbicides lead with 78.4% of the market share.
  By Mode of Application: Foliar spray prevails as the primary mode at 54.6%.
  By Form: Liquid form ranks highest, constituting 68.7% of herbicides.
  By Crop Type: Cereals and grains represent 38.5% of herbicide applications.

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Statistics

• About 800 chemicals are registered for use in crop protection around the world, representing a major $multi-billion industry.
• Glyphosate was discovered during a chemistry-led research program in which more than 100 novel aminomethylphosphonic acids were synthesized and tested for interesting properties in a variety of screens.
• Pyrethroids are a major class of insecticides and have been in use for over 25 years in crop protection chemicals.
• Global pesticide use has continued to grow steadily for decades: Between 1990 and 2017 by about 80 percent. The interplay of pesticides, fertilizers and technological progress led to a fundamental change in agricultural production.
• By 2023, the total value of all pesticides used is expected to grow at a rate of 11.5 percent to nearly 130.7 billion US dollars.
• A study from the US-American Seattle University found that insect activity in crop-growing regions will rise along with temperatures. This will boost losses of rice, maize and wheat by 10–25 percent for each degree Celsius that temperatures rise.
• India’s remarkable agricultural growth is evident through a substantial increase in food grain production with a record of 329.7 million tonnes in 2022-23 and agricultural exports exceeding Rs 4 lakh crore (US$ 53 B).
• Indian farmers also suffer yield losses ranging from 15% to 25% due to weeds, rodents and diseases. These factors substantially undermine our crop productivity, underscoring the importance of effective crop protection management.
• Every year, the damage done to crops by pests and diseases (according to data from the United Nations Food and Agricultural Organization—FAO) constitutes approximately 20%–25% of the potential world yield of crops.
• Potentially 50% of all crop protection compounds have or could have an NP origin if NP synthetic equivalents (NPSEs, synthetic compounds discovered by other approaches but for which a NP model also happens to exist) are also considered.
• In Australia, crop protection products help agricultural industries produce safe, high-quality, affordable and abundant food and fiber that is competitive on world markets. They increase Australian crop yields by about 40 percent as well as increasing the value of our food production by $13 billion each year.
• In the 12 months before the interview, 1.2% of users reported an agrochemical-related incident that required hospital treatment, 5.8% reported an incident requiring at least trained medical treatment but not hospitalization, and 19.8% reported only a minor sign or symptom.
• Users who had experienced an incident involving agricultural equipment were 3.38 (95% CI 2.29-4.99) times more likely to experience an agrochemical-related health incident, but confident users who felt that their use of personal protective equipment while spraying was best practice were 0.60 (95% CI 0.44-0.84) times less likely to experience such an incident.
• Over 80% of product-related incidents were caused by insecticides and the incidence rate per spraying time for incidents linked to insecticides was significantly higher than that for fungicides or herbicides.
• Headache/dizziness and nausea/vomiting, often smell-related, were the most common symptoms reported by users who listed agrochemical products that had caused them health problems (52 and 38% of product mentions, respectively).
• The European Green Deal policy is determined to reduce the use and risks of chemical pesticides by 50% across the EU by 2030, in line with its commitment to halt the loss of biodiversity in Europe.
• Several crops are expected to experience significant declines, most notably Italian and Spanish tomatoes, which are projected to decline by 20 percent, and Italian olives, which are projected to decline by 30 percent.
• In addition, horticultural vegetables grown in greenhouses are expected to experience a 20% reduction in yield. If the Green Deal targets are universally adopted, the agricultural sector is estimated to suffer a 12% reduction in yields.

Emerging Trends

Biologicals and Bio-based Products: There’s a growing shift towards bio-based and natural crop protection solutions. These biologicals are seen as safer for the environment and human health compared to synthetic chemicals.

Precision Agriculture: Advances in precision agriculture technologies, such as drones and satellite imagery, are enhancing the application efficiency of crop protection chemicals. This leads to reduced usage and minimized environmental impact.

Integrated Pest Management (IPM): There is an increasing adoption of IPM practices that combine biological, cultural, mechanical, and chemical methods to manage pests. This integrated approach aims to reduce reliance on chemical pesticides.

Regulatory Changes: Stricter regulations and guidelines are being implemented globally, pushing companies to innovate and develop more sustainable and less harmful products.

Digital Platforms: The use of digital platforms for farm management is rising. These platforms help farmers in decision-making by providing real-time data on crop health, pest infestation levels, and optimal pesticide application times.

Resistant Pest Varieties: The development of pest-resistant crop varieties through genetic engineering is reducing the need for chemical treatments, contributing to sustainable agricultural practices.

Use Cases

Weed Control: Herbicides are essential in managing weed populations that compete with crops for nutrients, light, and water. The use of herbicides can increase crop yields by up to 30% by reducing competition from weeds.

Pest Management: Insecticides protect crops from pests that can cause significant damage. For example, the use of insecticides in cotton farming can prevent yield losses of up to 50% caused by pest infestations.

Disease Prevention: Fungicides are used to control fungal diseases that threaten crops. For instance, in grape cultivation, fungicides can account for over 90% of pesticide applications to protect against diseases like powdery mildew.

Nematicides: These chemicals target nematodes, microscopic worms that damage plant roots. By using nematicides, farmers can prevent yield losses of up to 15-20% in crops like tomatoes and potatoes.

Growth Regulation: Plant growth regulators (PGRs) help manage crop growth and development. For example, using PGRs in fruit trees can enhance fruit quality and increase yields by up to 20%.

Specialty Chemicals: Modern advancements include biosynthetic insecticides like Afidopyropen, derived from fungi, which offer targeted pest control with reduced environmental impact.

Key Players

Bayer Crop Science is a leading player in the crop protection chemicals sector, providing innovative solutions for weed, disease, and insect management. They offer a range of herbicides, fungicides, and insecticides designed to enhance crop yields and quality. Bayer emphasizes safety and sustainability, training over one million farmers annually on the safe use of these products. Their commitment to sustainable agriculture and food security aligns with their mission, “Health for all, hunger for none”.

Corteva Agriscience focuses on delivering advanced crop protection solutions that help farmers maximize productivity while minimizing environmental impact. Their extensive portfolio includes herbicides, fungicides, and insecticides, developed through cutting-edge research and innovation. Corteva prioritizes sustainability and farmer education, promoting the responsible use of crop protection products to ensure long-term agricultural success. Their commitment to innovation and sustainability positions them as a key player in the crop protection chemicals market.

UPL is a global leader in the crop protection chemicals sector, focusing on sustainable agricultural solutions. The company offers a diverse range of products including herbicides, insecticides, and fungicides, and has developed innovative programs like ProNutiva® which combines conventional chemicals with solutions to enhance crop performance and sustainability. UPL operates in nearly 140 countries and emphasizes improving grower economics while supporting sustainable farming practices.

FMC Corporation is a major player in the crop protection chemicals market, offering a wide array of products that help farmers combat pests, diseases, and weeds. Their portfolio includes advanced insecticides, herbicides, and fungicides. FMC focuses on innovation and sustainable practices, investing heavily in research and development to introduce new solutions that enhance agricultural productivity and reduce environmental impact. The company has a significant global presence, providing tailored solutions to meet the needs of diverse agricultural markets.

ADAMA Ltd. is a leading company in the crop protection chemicals sector, focusing on herbicides, insecticides, and fungicides. Known for its strong presence in over 100 countries, ADAMA leverages advanced technologies to provide effective and sustainable agricultural solutions. Their products help farmers protect crops from pests, diseases, and weeds, thereby enhancing agricultural productivity and food security globally.

Sumitomo Chemical is actively involved in the crop protection chemicals market, offering a wide range of solutions, including herbicides, insecticides, and fungicides. The company’s Health & Crop Sciences sector emphasizes sustainable agriculture, contributing to stable crop yields and environmental protection. Sumitomo Chemical also invests in innovative technologies to address global food security challenges and enhance crop productivity.

Nufarm is a global leader in the crop protection chemicals sector, focusing on providing herbicides, insecticides, and fungicides to combat weeds, pests, and diseases. With over 100 years of experience, Nufarm supports growers across more than 100 countries, emphasizing sustainable agricultural solutions. They operate mainly in the off-patent market, offering reliable, long-standing products and innovative formulations for key crops like cereals, corn, and soybeans. Nufarm’s commitment to sustainability and customer-centric approaches drives its growth and relevance in modern agriculture.

Rainbow Agro specializes in crop protection, offering a broad range of herbicides, fungicides, and insecticides to improve agricultural productivity. They focus on innovation and sustainability, ensuring their products meet the evolving needs of farmers globally. Rainbow Agro is committed to developing environmentally friendly solutions and has a strong presence in international markets, providing high-quality products and technical support to enhance crop yields and protect against various agricultural threats.

Sino-Agri is a leading company in the crop protection chemicals sector in China. Established in 2009, it specializes in distributing crop protection products and providing technical services. In 2022, Sino-Agri ranked fourth in China’s crop protection industry with annual revenue of RMB 11.7 billion and exports worth $612 million. The company aims to be a global supply chain platform, integrating products, capital, and technology to create a collaborative ecosystem in the crop protection industry.

Wynca Group is a major player in the crop protection chemicals market, focusing on producing and distributing pesticides. Founded in 1965, it has grown to become one of China’s largest agrochemical manufacturers. Wynca Group operates globally, offering a wide range of herbicides, insecticides, and fungicides. The company emphasizes innovation and sustainability, continuously developing new products to address various agricultural challenges and improve crop yields.

Conclusion

The crop protection chemicals market has shown robust growth over recent years, driven by increasing agricultural productivity demands and the need to combat rising pest and disease threats. Innovations in chemical formulations and a growing focus on sustainable agricultural practices have further propelled market expansion. However, challenges such as regulatory pressures and environmental concerns continue to shape the industry’s trajectory. The shift towards bio-based and eco-friendly products is gaining momentum, reflecting a broader trend towards sustainability in agriculture. Despite these challenges, the market is expected to maintain its growth momentum, supported by advancements in technology and increasing adoption of integrated pest management strategies. As farmers and agricultural businesses seek effective and sustainable solutions, the crop protection chemicals market will likely continue evolving, offering new opportunities for growth and innovation.

Sources:

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