Global Crop Protection Chemicals Market to Grow at a CAGR of 3.9% During the Period 2024-2032, Driven by Rising Demand for Food and Reducing Arable Land

The global crop protection chemicals market is expected to be driven by increased need for food and higher crop yields due to growing global population, rapid urbanization, and decreasing arable land. Classes of crop protection chemicals include herbicides, insecticides and fungicides. North America, Europe and Asia are likely to be key markets.

Leading companies are engaged in discovering, developing and selling new products. For example, in 2022, Crystal Crop Protection launched post emergent herbicide Hola to protect sugarcane crop from weeds and help farmers increase their income from sugarcane across India, especially for farmers in UP and Maharashtra. Hola was tested in various state agri universities and over 2000 demonstrations were laid with sugarcane farmers. Hola had been found effective in the control of narrow leaf weeds, broad leaf weeds and sedges, specially cyperus rotundus (motha), which was a major problem faced by farmers.

In 2018, Crystal Crop Protection Limited acquired Syngenta’s three selected insecticide and fungicide brands (PROCLAIM, TILT and BLUE COPPER) in India. The Competition Commission of India (CCI) directed the divestment of these brands to Crystal while approving the global acquisition of Syngenta by ChemChina.

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In 2022, BASF received approval in Great Britain for its new active substance, Luximo®, and the product containing Luxinum® Plus, offering a new mode of action against grassweeds and an important tool for regulating black-grass and Italian ryegrass, Britain’s most challenging arable weeds.

In 2021, Syngenta Crop Protection announced a new and innovative PLINAZOLIN® technology for insect control that would help growers protect their crops from a broad range of pests. PLINAZOLIN® technology delivered a new standard of performance, particularly against pests for which existing products no longer provided effective control. It provided an effective solution in resistance management strategies and replaced older, less effective chemistries. Such solutions are expected to drive the global crop protection chemicals market. The sunlight stability and rain-resistant features of PLINAZOLIN® technology allowed for longer spray intervals and lesser applications aimed at enhancing crop productivity and quality.

In 2022, Bayer announced the launch of the new Prosaro® PRO 400 SC Fungicide, an evolution of Prosaro® fungicide. The new fungicide built for cereal growers across the U.S. was an innovative crop protection product that delivered premium protection against head scab and reduced deoxynivalenol (DON) levels, leading to superior grain quality. In 2022, Bayer announced that TriVolt™ Herbicide had been registered by the EPA. As a new selective corn herbicide from Bayer, TriVolt offered built-in resistance management and consistently high levels of weed control for corn growers.

Key Findings of the Report:

• The global crop protection chemicals market is expected to be driven by increased need for food and higher crop yields due to growing global population, rapid urbanization, and decreasing arable land.

• Innovative and environmentally-friendly solutions are expected to boost market growth.

• North America, Europe and Asia are projected to be key markets.

Market Analysis by Source, Product Type, Form, Crop Type, Mode of Application, and Region:

• By source, the market is segmented into Natural and Synthetic.

• By product type, the market is divided into Herbicides and Fungicides (further broken down into Biopesticides and Others).

• By form, the market is segmented into Liquid and Solid.

• By crop type, the market is classified into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others.

• By mode of application, the market is divided into Foliar Spray, Seed Treatment, Soil Treatment, and Others.

• By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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