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Global Crop Protection Chemical Market to reach a size of USD 75 Billion in 2026. : Actual Market Research
Nov, 10
2021

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Global Crop Protection Chemical Market to reach a size of USD 75 Billion in 2026. : Actual Market Research

 

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The recent addition of Actual Market Research, under the title of- Global Crop Protection Chemical Market Outlook, 2026, gives a brief of the market, segmented by product type, by application, and by country. The segmental analyses have been detailed in terms of products, and in terms of application. These segments are analyzed country-wise and the report also covers a detailed discussion about the trends, rules, and regulations across the world.

With the help of crop protection chemicals, the farmers are now able to produce more on less land and also achieve a better yield quantity. The use of pesticides has been said to have increased the production capacity by 20-50%, globally. The use of crop protection chemicals has diminished the manual labor of hand weeding. Historically, the global crop protection chemical market witnessed a growth of 3.92%. Apart from this, the use of pesticides has become an indispensable part of the sustainable production of high-quality crops. At the end of the year 2026, the global market is expected to attain a market value of USD 75000 Million.

The study is classified on type and segmented into four categories of Herbicides, Insecticides, Fungicides & Bactericides, and others. Pesticides are known to be aiding in the reduction of diseases that are waterborne or transmitted through insects. The outspread of diseases like malaria, Lyme diseases, West Nile Virus, etc. have been controlled with the proper use of pesticides. In 2020, the segments of insecticides, and fungicides & bactericides amounted to nearly the same market value of over USD 16100 Million each. However, the fungicides & bactericides segment is likely to be growing with a higher growth rate in the forecasted period, and hold more market share.

In terms of application, the report has classified the crop protection chemical use into four major crop segments of cereals & grains, oilseed & pulses, fruits & vegetables, and others. Of the classified segments, the market is dominated by the oilseed & pulse segment. One of the most underrated uses of crop protection chemicals is their use in securing storage. Post the harvest, even when the crops are stored with the utmost care, they can be vulnerable to pest attacks by bugs, molds, etc. The use of pesticides in stored crops can prolong the viable life, prevent huge post-harvest losses from pests and diseases and protect the grain so it is safe to eat.

The Asia Pacific is a land of agriculture and also the highest contributor to the crop protection chemical market. The use of crop protection chemicals has made it possible for the developing countries to grow a range of crops with a short span and also enabled them to export the same. However, these developing countries fall behind in meeting the MRL of the developed countries and thus even with high production, fall short in export quality products. North America and Middle East & Africa are the two least contributing regions, which in the year 2020 accounted for quite less than 25% of the global market share. Even though the excessive use of crop protection chemicals is a big threat to nature, there are few indirect advantages to nature. As the farmers are now able to yield more crops per unit area, it has resulted in less deforestation for agriculture. The use of pesticides in the control of invasive weeds and other species is crucial. More than 90% of corn, soybeans, and cotton in the US are now, genetically modified to be resistant to herbicides.

The majority of the companies in the global landscape of this market are enjoying great potential in this million-dollar industry, even though they face a lawsuit now and then. A few of the most prominent companies in the market which are profiled in this report are: Adama Ltd., Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL