Spain Crop Protection Chemicals Market Size (2024 - 2029)

Spain Crop Protection Chemicals Market Analysis

The Spain Crop Protection Chemicals Market size is estimated at USD 1.82 billion in 2024, and is expected to reach USD 2.07 billion by 2029, at a CAGR of 2.60% during the forecast period (2024-2029).

• Spain stands as a pivotal food producer, contributing significantly to both Europe and the global market. In Europe, Spain accounts for one in every four fruits and vegetables produced within the EU. With the extensive arable land, the country stands as a pivotal agricultural nation and ranks as the region's second-largest consumer of pesticides. The country's diverse climate nurtures a range of agroecosystems: from northern Spain's permanent pastures and maize to the Mediterranean's vineyards, olive and almond orchards, and rainfed crops. Heightened awareness of crop damage, the rise of high-value crops, and a surge in pest and disease occurrences are poised to propel the market for crop protection chemicals in Spain.
• The European Union has called on Member States to prioritize the use of chemical pesticides only as a last resort, in both agricultural and non-agricultural settings, in line with the Farm-to-Fork strategy. Furthermore, the EU consistently advocates for the adoption of integrated pest management (IPM) principles, enabling producers, including those in Spain, to lessen their reliance on chemical pesticides.
• In 2023, an unprecedented drought severely depleted water reservoirs, endangering these vital agricultural outputs and posing grave risks to crop yields. This decline in food production has set a ripple through the supply chain while slowing the market for crop protection chemicals in 2023. Spain's Minister of Agriculture, Fisheries, and Food reported a 3.4% decline in crop production. This drop was primarily due to an 11.7% decrease in production volume, although a 9.4% rise in produce prices provided some relief. The sector exhibited mixed results: olive oil production plummeted by 59%, cereals saw a 35% drop, and wine production decreased by 21%. On the pricing side, olive oil prices surged by 71%, followed by a 36% increase for fodder plants, 13% for fruits, 9.5% for vegetables, and 7% for potatoes. However, crop production is projected to rebound in 2024, while likely stabilizing the market for crop protection chemicals.

Spain Crop Protection Chemicals Industry Segmentation

Crop protection chemicals constitute a class of agrochemicals that are used to prevent the deterioration of crops from insects and pest infestation.

The Spanish Crop Protection Chemicals Market Report is Segmented by Product Type (Herbicides, Fungicides, Insecticides, Molluscicides, and Nematicides), Application (Chemigation, Foliar, Fumigation, Seed Treatment, and Soil Treatment), and Crop Type (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Turf and Ornamental Crops).). The market size and forecast in the report segments are offered in Value (USD).