The global crop protection market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period. Crop protection is defined as the practice of managing plant diseases, weeds, and pests that can damage crop quality. The increasing population growth that is driving the high demand for food products is one of the major factors for the growth of the crop protection market. In addition to this, the increasing use of herbicides and weed control across the globe is expected to grow the crop protection market significantly during the forecast period. However, the growing environmental and health concern such as soil pollution, water pollution, and toxins are restraining the crop protection market.

Impact of COVID-19 Pandemic on Global Crop Protection Market

COVID-19 pandemic had impacted most industries including crop protection globally. The restriction due to the lockdown in most of the countries disrupted the supply chain networks, resulting in losses for companies and farmers.It also declined the number of migrant workers as they moved back to their hometowns. It created a shortage of required workers for production. However, as the situation got normalized, it boostedthe investment, especially in biologicals, as part of a broader shift to interest in food sustainabilityand security crop production and ensuring more robust supply chains.

Segmental Outlook 

The global crop protection market is segmented based on the type, origin, and application. Based on the type, the market is segmented into herbicides, insecticides, fungicides, biopesticides, and others. The other type includes nematicide. Based on the origin, the market is sub-segmented into the synthetic, and bio-based. Based on the application, the market is sub-segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The above-mentioned segments can be customized as per the requirements. Based on type, the herbicides segment is estimated to dominate the market while based on origin, the bio-based segment is projected to grow at aconsiderable rate during the forecast period.  

Global Crop Protection  Market Share by Origin, 2021 (%)

The Bio-Based Segment Anticipated Considerable growth in the Global Crop Protection Market

The bio-based segment is anticipated to grow with a considerable CAGR owing to the increasing organic farming culture. Bio-based chemicals used in crop protection have the capability of rapidly decomposing without leaving any noxious residues. Additionally, there is increasing adoption of bio-based chemicals for crop protection as they are considered healthy for the body, which in turn, is anticipated to drive the segmental growth of the market during the forecast period. Moreover, the increased adoption of bio-based chemicals in agriculture is fuelling the growth of the crop protection market.

Regional Outlooks

The global crop protection market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Asia-Pacific is projected to dominate the market while the rest of the World estimated considerable growth during the forecast period. 

Global Crop Protection  Market Growth, by Region 2022-2028

The Asia-Pacific Region Estimated to Hold the Prominent Share in the Global Crop Protection Market

Asia-Pacific is anticipated to hold a significant share in the crop protection market owing to the increasing population across the region coupled with advancements in agriculture practices. Additionally, the farmers in the developing economies such as India and China are changing their agriculture practices from traditional methods to advanced methods which will also drive the crop protection market across the region. Moreover, the government initiative to increase the adoption of safe farming techniques will also drive the crop protection market in the region. For instance, China’s “Zero Growth Policy of Pesticides and Fertilizers by 2020” promotes the use of bio-based and organic pesticides for the protection of crops as well as ensuring better health for consumers.

Market Players Outlook

The major companies serving the global crop protection market include Bayer AG (Bayer Cropscience Ltd.), Isagro SpA, Marrone Bio Innovations, Inc., Mitsui Chemicals, Inc., Syngenta AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2021, China's two centrally-administered, state-owned chemical manufacturers - ChemChina and Sinochem - were being merged and restructured to form a behemoth. Both the companies are situated in Beijing, with each holding numerous subsidiaries across industrial segments. The new chemical giant operates in a wide array of sectors, such as life sciences, material science,environmental science, basic chemicals, machinery and equipment, rubber and tires, and industrial finance.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global crop protection market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.