Crop Protection: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Farmers are being asked to follow approved practises while using crop protection chemicals (pesticides) due to the rising need for food safety in both developed and developing countries. Over the past ten years, consumer awareness of the persistent impacts of pesticides on food products has increased. Finding alternatives and putting best practises into practise have taken precedence, which has improved efficiency in boosting agricultural income while supplying greater yield and quality products.

Market Insights

Global Crop Protection market stood at $75 billion in 2022 which is anticipated to grow at a CAGR of 7.8% during 2023-2030. Synthetic pesticide accounts for 82% share in global crop protection market in revenue terms while in volume terms it accounts for 94% share.

Biopesticides are the fastest growing segment in global crop protection market growing at a CAGR of about 15%. Increasing global demand for safe food products, the changing regulatory scenario for product approvals across different regions, and the growing adoption of organic farming practices are key factors driving the need for bio-pesticides

Asia-Pacific is the major demand generator for global crop protection market followed by Americas and Europe. Increasing awareness regarding potential crop savings, uprising technology advancements in farming practices are factors that will drive the need for pesticides in the APAC market

Market Dynamics: Drivers

Strong Growth from Biopesticides Market

The need for biopesticides is primarily driven by the rising global demand for safe food items, the shifting regulatory landscape for product approvals across different areas, and the expanding use of organic farming methods.

Market Dynamics: Challenges

Strong Regulation

Regulatory authorities are paying closer attention to synthetic pesticides because of their carcinogenic potential, hazardous impacts on the environment, and negative effects on other biological species including insects and aquatic life. The growth of synthetic pesticides is constantly challenged by this examination.

Market Segmentation

• Based on Product Type, the Global Crop Protection market is segmented into
  • Synthetic Pesticides
    • Herbicides
      • Phenoxy Hormone products
      • Triazines
      • Amides
      • Carbamates
      • Dinitroanilines
      • Urea Derivates
      • Sulfonyl Urea
      • Bipiridils
      • Uracil
      • Others
    • Insecticides
      • Botanical products and biologicals
      • Carbamates
      • Chlorinated Hydrocarbons
      • Organophosphates
      • Pyrethroids
      • Others
    • Fungicides
    • Benzimidazoles
    • Diazines, morpholines
    • Dithiocarbamates
    • Inorganics
    • Triazoles, diazoles
    • Others
  • Biopesticides
    • Bio-Herbicides
    • Bio-Insecticides
    • Bio-Fungicides
  • Based on Application, the Global Crop Protection market is segmented into
    • Vegetable and Fruits
    • Oilseeds and Pulses
    • Cereals and Gains
    • Commercial Crops
    • Others
  • Based on Source, the Global Biopesticides market is segmented into
    • Microbial
      • Bacterial
      • Fungal
      • Viral
    • Biochemical
    • Plant-Incorporated Protectants (PIPs)
  • Based on Formulation, the Global Biopesticides market is segmented into
    • Liquid-based Formulation
    • Water-dispersible granules
    • Wettable powder
    • Pellets
  • Based on Geography, the Global Crop Protection market is segmented into
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
  • All market revenue has been given in US Dollar, while the market volumes are given in tons.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

 Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Crop Protection Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Crop Protection Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Crop Protection Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Crop Protection Market study?