Russia Crop Protection Chemicals Market Size (2024 - 2029)

Russia Crop Protection Chemicals Market Analysis

The Russia Crop Protection Chemicals Market size is estimated at USD 1.78 billion in 2024, and is expected to reach USD 2.28 billion by 2029, at a CAGR of 5% during the forecast period (2024-2029).

• Despite facing challenging climatic and economic conditions, Russia's agricultural landscape has undergone a significant transformation over the past decade. Once a net importer, Russia has now established itself as a net exporter of grains and cereals. Major crops like wheat, corn, and barley are some of the major crops grown and exported by the country. For instance, according to the ITC Trade map, Russia's export of wheat was 7,301,689 metric tons in 2021, which increased to 7,488,612.24 metric tons in 2023. Therefore, the increase in wheat exports has stimulated Russian farmers to invest more in wheat production, which includes crop protection chemicals. With an increase in regional exports of grains and cereals, the application of crop protection chemicals on these crops is anticipated to increase during the forecast period.  
• The Russian government has approved a resolution to create a state information system to track pesticides and agricultural chemicals. The federal tracking system will make it possible to improve control over the safe handling of pesticides and agrochemicals. According to the FAO and the Russian Union of Producers of Crop Protection Chemical, about 30% of chemical substances are illegally imported, counterfeited, or unfit for use. Therefore, the emergence of a system for all agriculture is tremendously important for the traceability of pesticides and agrochemicals at all stages, which will positively impact the domestic market and Russia's export potential. This will help to strengthen the country's growth during the forecasting period.
• In Russia, diverse pest infections and disease attacks drive the demand for crop protection chemicals like pesticides. In recent years, imidacloprid, clothianidin, and fipronil were the most commonly found insecticide seed treatment solutions for corn. Similarly, malathion, thiacloprid, lambda-cyhalothrin, alpha-cypermethrin, and clothianidin were the most commonly used active ingredients for rice seed treatment. Recently, a study conducted by FAOUN revealed that wheat held a value of nearly 51.5% of the Russian insecticides market recently, while other main grain crops, like barley and corn, had much smaller shares of 10.9% and 7.4%, respectively.

Russia Crop Protection Chemicals Industry Segmentation

Crop protection chemicals constitute a class of agrochemicals that are used for preventing the deterioration of crops from insects and pest infestation. The Russia Crop Protection Chemicals Market is Segmented By Origin (Synthetic and Bio-Based), Type (Herbicides, Insecticides, Fungicides, Nematicides, and Other Types), and Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Applications). The report offers the market size and forecasts in value in (USD) for all the above segments.