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Asia Pacific Crop Protection Chemicals Market Size

The Asia Pacific Crop Protection Chemicals Market is experiencing growth driven by the diverse agricultural landscape and increasing demand for food due to population growth in the region. The market's expansion is supported by technological advancements in pest control, which enhance crop yields and farming practices. Insecticides and herbicides hold significant shares in the market, addressing challenges such as pest damage and weed attacks that impact agricultural productivity. The region's commitment to food security and sustainable agricultural practices further fuels the market's development, with countries like Thailand expected to see rapid growth in pesticide usage.

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Market Size of asia pacific crop protection chemicals Industry

Asia Pacific Crop Protection Chemicals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 24.27 Billion
svg icon Market Size (2029) USD 30.33 Billion
svg icon Largest Share by Function Insecticide
svg icon CAGR (2024 - 2029) 4.56 %
svg icon Largest Share by Country Indonesia
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia Pacific Crop Protection Chemicals Market Analysis

The Asia Pacific Crop Protection Chemicals Market size is estimated at 24.27 billion USD in 2024, and is expected to reach 30.33 billion USD by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).

24.27 Billion

Market Size in 2024 (USD)

30.33 Billion

Market Size in 2029 (USD)

5.23 %

CAGR (2017-2023)

4.56 %

CAGR (2024-2029)

Largest Segment By Function

50.52 %

value share, Insecticide, 2023

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Growing crop losses by insect pests in major crops, like rice and wheat by brown plant hopper, aphids, caterpillars, and other insect pests, is boosting the insecticide market.

Fastest-growing Segment by Function

6.12 %

Projected CAGR, Herbicide, 2024-2029

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The rise in damages caused by annual broadleaf and perennial grass weeds in the region and problems associated with other weed-handling methods are increasing herbicide usage.

Largest Segment by Crop Type

52.60 %

value share, Grains & Cereals, 2023

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Increasing crop losses by fungal diseases, insect pests, and weeds, coupled with the need to meet rising domestic and international demands, are driving the adoption of crop protection chemicals in these crops.

Largest Segment by Country

25.56 %

value share, Indonesia, 2023

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The government is promoting precision agriculture to boost its GDP, as agriculture plays a significant role in the country's economy. This move will drive the crop protection chemicals market.

Leading Market Player

9.78 %

market share, Syngenta Group, 2022

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Syngenta invests more in expanding its product portfolio by adding new products like Victrato, Nelvium, and Evicent, resulting in the growth of company strength in the market.

Dominance of insecticides and herbicides in the Asia-Pacific market due to a rise in pest and weed attacks

  • Agriculture in Asia-Pacific is diverse and plays a significant role in the economies of many countries. The region has a wide range of climates, from tropical to temperate, and is known for the cultivation of rice, soybeans, wheat, and various fruits and vegetables. In 2022, Asia-Pacific occupied a share of 16.3% by value of the global crop protection chemicals market.
  • The use of pesticides in order to achieve better yields is encouraged by the increasing demand for food crops due to population growth in the region. At the same time, technological advancements have changed the way farming is done, and new technologies in pest control are benefiting crops and farmers a great deal.
  • Insecticides occupied the highest share of 39.2% in the Asia-Pacific crop protection chemicals market. Rice is the major crop cultivated across many regional countries. However, it is also susceptible to various pests, which have led to severe damage to the crop and, subsequently, its yield.
  • Herbicides occupied the second-largest share of 34.6% by value in 2022. Weed attacks in staple, commercial, and horticultural crops pose a significant challenge to the region's agricultural productivity. As there is a significant contribution by the fruit industry to the region's economic growth, fruit weeds cause substantial economic damage. Amaranthus retroflexus (Redroot pigweed) and Echinochloa crus-galli (Barnyard grass) are the most common weeds in the regional fruit industry.
  • Increased concerns for food security and various market developments have facilitated the efficient and sustainable production of food by farmers while minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 4.8% during the forecast period (2023-2029).
Asia Pacific Crop Protection Chemicals Market

The market is growing due to the rising consumption of pesticides to protect crops from pests, diseases, and weeds

  • In 2022, Asia-Pacific held a market share of 16.2% by value of the global insecticide market. The pesticide segment in the region is of great importance and is constantly evolving. It plays a vital role in promoting productive and sustainable agricultural practices in multiple countries. During the historical period, the pesticide market in Asia-Pacific experienced consistent growth, with a CAGR of 3.2%.
  • Asia-Pacific countries like China and India, along with other countries, experience increased pesticide usage due to their varied agricultural landscape, making some crops more vulnerable to pests and diseases. The prevalence of intensive cropping practices and monocultures also contributes to the favorable conditions for pests to thrive. With substantial populations to sustain, ensuring food security becomes a top priority, leading to a heightened need to protect crop yields and minimize losses caused by pests, thus resulting in a greater reliance on pesticides.
  • The market is also experiencing growth due to the expansion of agriculture, with the adoption of modern practices and the expansion of cultivated land. The region's agricultural land area grew from 624.5 million ha in 2019 to 662.2 million ha in 2022. As agricultural activities expand, the demand for efficient solutions to protect crops from pests is also growing.
  • During the forecast period (2023-2029), Thailand is projected to exhibit the fastest growth rate in the region, with a CAGR of 6.8% by value. This rapid growth can be attributed to the anticipated increase in the usage of pesticides by farmers in the country due to the rising threat of pests and increasing crop losses.

Asia Pacific Crop Protection Chemicals Industry Segmentation

Fungicide, Herbicide, Insecticide, Molluscicide, Nematicide are covered as segments by Function. Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Australia, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.

  • Agriculture in Asia-Pacific is diverse and plays a significant role in the economies of many countries. The region has a wide range of climates, from tropical to temperate, and is known for the cultivation of rice, soybeans, wheat, and various fruits and vegetables. In 2022, Asia-Pacific occupied a share of 16.3% by value of the global crop protection chemicals market.
  • The use of pesticides in order to achieve better yields is encouraged by the increasing demand for food crops due to population growth in the region. At the same time, technological advancements have changed the way farming is done, and new technologies in pest control are benefiting crops and farmers a great deal.
  • Insecticides occupied the highest share of 39.2% in the Asia-Pacific crop protection chemicals market. Rice is the major crop cultivated across many regional countries. However, it is also susceptible to various pests, which have led to severe damage to the crop and, subsequently, its yield.
  • Herbicides occupied the second-largest share of 34.6% by value in 2022. Weed attacks in staple, commercial, and horticultural crops pose a significant challenge to the region's agricultural productivity. As there is a significant contribution by the fruit industry to the region's economic growth, fruit weeds cause substantial economic damage. Amaranthus retroflexus (Redroot pigweed) and Echinochloa crus-galli (Barnyard grass) are the most common weeds in the regional fruit industry.
  • Increased concerns for food security and various market developments have facilitated the efficient and sustainable production of food by farmers while minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 4.8% during the forecast period (2023-2029).
Function
Fungicide
Herbicide
Insecticide
Molluscicide
Nematicide
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Country
Australia
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
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Asia Pacific Crop Protection Chemicals Market Size Summary

The Asia Pacific Crop Protection Chemicals Market is a vital component of the region's agricultural sector, driven by the diverse agricultural practices and the significant role of agriculture in the economies of various countries. The region's varied climates support the cultivation of essential crops such as rice, soybeans, and wheat, which are crucial for food security. The market is experiencing growth due to the increasing demand for food crops, spurred by population growth and technological advancements in pest control. This has led to a higher reliance on pesticides, including insecticides, herbicides, and fungicides, to enhance crop yields and protect against pests and diseases. The market's expansion is further supported by the adoption of modern agricultural practices and the increase in cultivated land area, which necessitates efficient solutions for pest management.

The market landscape is characterized by a fragmented structure, with major players like BASF SE, Bayer AG, FMC Corporation, Syngenta Group, and UPL Limited holding significant shares. The region's market dynamics are influenced by factors such as the rising threat of pests, climate change, and the need for sustainable agricultural practices. The demand for specific pesticides, such as cypermethrin and atrazine, is growing due to their effectiveness in controlling a wide range of pests and weeds. However, challenges such as resistance development in weeds and pests, rising costs of active ingredients, and logistical expenses are impacting the market. Despite these challenges, the market is poised for continued growth, with countries like Thailand expected to exhibit rapid expansion due to increased pesticide usage.

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Asia Pacific Crop Protection Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Function

      1. 1.1.1 Fungicide

      2. 1.1.2 Herbicide

      3. 1.1.3 Insecticide

      4. 1.1.4 Molluscicide

      5. 1.1.5 Nematicide

    2. 1.2 Application Mode

      1. 1.2.1 Chemigation

      2. 1.2.2 Foliar

      3. 1.2.3 Fumigation

      4. 1.2.4 Seed Treatment

      5. 1.2.5 Soil Treatment

    3. 1.3 Crop Type

      1. 1.3.1 Commercial Crops

      2. 1.3.2 Fruits & Vegetables

      3. 1.3.3 Grains & Cereals

      4. 1.3.4 Pulses & Oilseeds

      5. 1.3.5 Turf & Ornamental

    4. 1.4 Country

      1. 1.4.1 Australia

      2. 1.4.2 China

      3. 1.4.3 India

      4. 1.4.4 Indonesia

      5. 1.4.5 Japan

      6. 1.4.6 Myanmar

      7. 1.4.7 Pakistan

      8. 1.4.8 Philippines

      9. 1.4.9 Thailand

      10. 1.4.10 Vietnam

      11. 1.4.11 Rest of Asia-Pacific

Asia Pacific Crop Protection Chemicals Market Size FAQs

The Asia Pacific Crop Protection Chemicals Market size is expected to reach USD 24.27 billion in 2024 and grow at a CAGR of 4.56% to reach USD 30.33 billion by 2029.

In 2024, the Asia Pacific Crop Protection Chemicals Market size is expected to reach USD 24.27 billion.

Asia Crop Protection Chemicals Market Report Snapshots

Asia Pacific Crop Protection Chemicals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029