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Crop Protection Chemicals Market Size

The crop protection chemicals market is experiencing notable growth, driven by increasing pest and disease infestations, climate changes, and a focus on enhancing crop yield. The market's expansion is characterized by the herbicide segment holding the largest share and being the fastest-growing area, followed by insecticides and fungicides, which are also expected to grow due to rising agricultural challenges. The diverse agricultural landscapes in regions like South America and North America further contribute to the market's growth, as these areas rely heavily on crop protection chemicals to maintain productivity and ensure food security.

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Market Size of crop protection chemicals Industry

Crop Protection Chemicals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 98.02 Billion
svg icon Market Size (2029) USD 122.6 Billion
svg icon Largest Share by Function Herbicide
svg icon CAGR (2024 - 2029) 4.57 %
svg icon Largest Share by Region South America
svg icon Market Concentration Medium

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

Key Players

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Crop Protection Chemicals Market Analysis

The Crop Protection Chemicals Market size is estimated at 98.02 billion USD in 2024, and is expected to reach 122.6 billion USD by 2029, growing at a CAGR of 4.57% during the forecast period (2024-2029).

98.02 Billion

Market Size in 2024 (USD)

122.6 Billion

Market Size in 2029 (USD)

5.28 %

CAGR (2017-2023)

4.57 %

CAGR (2024-2029)

Largest Segment By Function

41.92 %

value share, Herbicide, 2023

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On average, annually, weeds reduce the crop yield by 28%. Consequently, to manage the weeds and ensure optimum crop yields, the demand for herbicides is increasing.

Fastest-growing Segment by Function

5.18 %

Projected CAGR, Herbicide, 2024-2029

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On average, annually, weeds reduce the crop yield by 28%. Consequently, to manage the weeds and ensure optimum crop yields, the demand for herbicides is increasing.

Largest Segment by Crop Type

45.62 %

value share, Grains & Cereals, 2023

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The factors such as increasing disease incidence and pest pressure coupled with increasing crop losses are leading to heavy reliance on chemical pesticides in cereals.

Largest Segment by Region

30.52 %

value share, South America, 2023

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Pests, diseases, and weeds are emerging as a significant problem in South America's agriculture sector. To counter these threats, farmers predominantly depend on pesticides.

Leading Market Player

16.81 %

market share, Syngenta Group, 2022

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Syngenta launched Victrato, a new seed treatment that fights harmful nematodes and illnesses that affect numerous crops, including soybeans, corn, cereals, cotton, and rice.

Rising pest and disease infestations are driving the market for crop protection chemicals

  • The global crop protection chemicals market is experiencing significant growth and is expected to continue expanding in the coming years. In 2022, the size of the market reached USD 90.44 billion, and it is expected to register a CAGR of 4.5% between 2023 and 2029, reaching USD 122.58 billion by 2029. This growth can be due to the rising pest and disease infestations, climate changes, and increasing focus on improving crop yield.
  • In the global crop protection chemicals market, herbicides hold the major share, accounting for 41.7% in 2022 by value. They are expected to be the fastest-growing segment, with a CAGR of 5.1% by value during 2023-2029. The rising crop losses and the need to ensure optimum yield, coupled with the expansion of cropland, are expected to fuel the growth of the herbicide segment.
  • The insecticide segment is projected to register a 4.2% CAGR between 2023 and 2029 by value. The risk of pest infestation in agriculture is increasing due to climate change. Plant pests such as armyworms, desert locusts, and several other pests attacking agriculturally important crops are posing a significant threat, which may drive the demand for insecticides in the coming years.
  • The fungicide segment is expected to grow by USD 4.23 billion between 2023 and 2029. Wheat, soybeans, and potatoes are some of the major crops grown globally, which are currently under threat due to various fungal diseases. For instance, Septoria tritici blotch (STB) is a major disease in Europe. Rising infestations of such diseases cost UK growers approximately USD 263 million of yield losses each year.
  • The pesticide segment is expected to register a CAGR of 4.5% by value during 2023-2029 due to the rising need to protect crops from pest infestations.
Global Crop Protection Chemicals Market

The rise in yield losses by pests in major countries is driving the crop protection chemicals usage

  • Pests pose significant challenges to agriculture. They can damage crops, reduce yields, and compromise the quality of harvested produce. Pests like insects, weeds, fungi, and other organisms threaten agricultural productivity. Managing pests effectively is essential for ensuring food security and maintaining a stable food supply. During 2017-2022, the global crop protection chemicals market grew by 30.9%.
  • In 2022, South America held a substantial 30.5% share of the global pesticide market's value. This region, encompassing countries like Argentina, Brazil, and Chile, is witnessing growth in its pesticide market. Given their status as significant agricultural producers with extensive farmland, these nations rely on pesticides to effectively control pests and maximize crop yields. The South American crop protection chemicals sector is anticipated to experience a 4.7% CAGR between 2023 and 2029.
  • Agriculture in North America is highly diverse, with a wide range of crops cultivated across different countries. The region's diverse climate and fertile land enable the cultivation of crops such as wheat, corn, soybean, canola, and various fruits and vegetables. The region occupied the second-highest share of 25.1% by the value of the overall crop protection chemicals market value in 2022. The United States occupied the highest share of 82.4% by value in 2022. However, yield losses due to weeds and pests are a major threat to the production and the economic well-being of farmers in the country. Herbicides occupied the highest share of 52.5% by value in 2022 in the country.
  • The market is projected to register a CAGR of 4.5% during the period 2023-2029. The rapidly expanding agriculture sector, with changing climate and pest infestations, is driving the growth of the market.

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. Africa, Asia-Pacific, Europe, North America, South America are covered as segments by Region.

  • The global crop protection chemicals market is experiencing significant growth and is expected to continue expanding in the coming years. In 2022, the size of the market reached USD 90.44 billion, and it is expected to register a CAGR of 4.5% between 2023 and 2029, reaching USD 122.58 billion by 2029. This growth can be due to the rising pest and disease infestations, climate changes, and increasing focus on improving crop yield.
  • In the global crop protection chemicals market, herbicides hold the major share, accounting for 41.7% in 2022 by value. They are expected to be the fastest-growing segment, with a CAGR of 5.1% by value during 2023-2029. The rising crop losses and the need to ensure optimum yield, coupled with the expansion of cropland, are expected to fuel the growth of the herbicide segment.
  • The insecticide segment is projected to register a 4.2% CAGR between 2023 and 2029 by value. The risk of pest infestation in agriculture is increasing due to climate change. Plant pests such as armyworms, desert locusts, and several other pests attacking agriculturally important crops are posing a significant threat, which may drive the demand for insecticides in the coming years.
  • The fungicide segment is expected to grow by USD 4.23 billion between 2023 and 2029. Wheat, soybeans, and potatoes are some of the major crops grown globally, which are currently under threat due to various fungal diseases. For instance, Septoria tritici blotch (STB) is a major disease in Europe. Rising infestations of such diseases cost UK growers approximately USD 263 million of yield losses each year.
  • The pesticide segment is expected to register a CAGR of 4.5% by value during 2023-2029 due to the rising need to protect crops from pest infestations.
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
Region
Africa
By Country
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest of Europe
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Chile
Rest of South America
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Crop Protection Chemicals Market Size Summary

The global crop protection chemicals market is poised for substantial growth, driven by increasing pest and disease infestations, climate change, and a heightened focus on enhancing crop yields. The market is characterized by a significant demand for herbicides, which dominate the market share and are projected to be the fastest-growing segment. This growth is fueled by the need to combat rising crop losses and ensure optimal yields, alongside the expansion of cropland. The insecticide and fungicide segments are also expected to see notable growth, driven by the escalating risk of pest infestations and the threat of fungal diseases to major crops like wheat, soybeans, and potatoes. The market's expansion is further supported by the increasing average consumption of crop protection chemicals, attributed to factors such as intensive farming practices and changing climatic conditions that favor pest proliferation.

Regionally, South America and North America are significant players in the crop protection chemicals market, with South America holding a substantial share due to its extensive agricultural activities. The diverse agricultural landscape of North America, particularly the United States, also contributes to its significant market presence. The market is moderately consolidated, with major companies like BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, and Syngenta Group leading the industry. Recent product innovations, such as ADAMA's advanced herbicide and Nufarm's new fungicide formulation, highlight the ongoing efforts to address specific agricultural needs and enhance crop protection strategies. As the market continues to evolve, the focus remains on developing effective solutions to manage pests and diseases, ensuring food security and stable agricultural productivity.

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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 Region

      1. 1.4.1 Africa

        1. 1.4.1.1 By Country

          1. 1.4.1.1.1 South Africa

          2. 1.4.1.1.2 Rest of Africa

      2. 1.4.2 Asia-Pacific

        1. 1.4.2.1 By Country

          1. 1.4.2.1.1 Australia

          2. 1.4.2.1.2 China

          3. 1.4.2.1.3 India

          4. 1.4.2.1.4 Indonesia

          5. 1.4.2.1.5 Japan

          6. 1.4.2.1.6 Myanmar

          7. 1.4.2.1.7 Pakistan

          8. 1.4.2.1.8 Philippines

          9. 1.4.2.1.9 Thailand

          10. 1.4.2.1.10 Vietnam

          11. 1.4.2.1.11 Rest of Asia-Pacific

      3. 1.4.3 Europe

        1. 1.4.3.1 By Country

          1. 1.4.3.1.1 France

          2. 1.4.3.1.2 Germany

          3. 1.4.3.1.3 Italy

          4. 1.4.3.1.4 Netherlands

          5. 1.4.3.1.5 Russia

          6. 1.4.3.1.6 Spain

          7. 1.4.3.1.7 Ukraine

          8. 1.4.3.1.8 United Kingdom

          9. 1.4.3.1.9 Rest of Europe

      4. 1.4.4 North America

        1. 1.4.4.1 By Country

          1. 1.4.4.1.1 Canada

          2. 1.4.4.1.2 Mexico

          3. 1.4.4.1.3 United States

          4. 1.4.4.1.4 Rest of North America

      5. 1.4.5 South America

        1. 1.4.5.1 By Country

          1. 1.4.5.1.1 Argentina

          2. 1.4.5.1.2 Brazil

          3. 1.4.5.1.3 Chile

          4. 1.4.5.1.4 Rest of South America

Crop Protection Chemicals Market Size FAQs

The Global Crop Protection Chemicals Market size is expected to reach USD 98.02 billion in 2024 and grow at a CAGR of 4.57% to reach USD 122.58 billion by 2029.

In 2024, the Global Crop Protection Chemicals Market size is expected to reach USD 98.02 billion.

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