Nutritional Premix Solutions Transform the Global Food and Feed Market as Demand for Fortified Products and Precision Blending Technologies Accelerates Industry Growth.
Food & Beverages
Long term Crisis like Population growth, decreasing arable land and Food security fuelling the Crop protection chemical market.
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 labour of hand weeding. Historically, the global crop protection chemical market witnessed a growth of almost 4%. Apart from this, the use of pesticides has become an indispensable part of the sustainable production of high-quality crops. 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. However, the fungicides & bactericides segment is likely to be growing with a higher growth rate in the forecasted period, and hold more market share. This is due to the higher cases of plant and crops infestation across the globe due to changing climatic conditions and global warming.
According to the research report "Global Crop Protection Chemical Market Overview, 2029," published by Bonafide Research, the Global Crop Protection Chemical market is anticipated to grow at more than 3.40% CAGR from 2024 to 2029. The global crop protection chemical market is highly consolidated, with major players accounting for major share of the market. 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: Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL. 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. Furthermore, to decrease the activities of deforestations, different institutions like the government are promoting the use of chmiecal crop protection methods. In response to the growing need to meet food sufficiency and importance of safe farming practices, the global organic food industry has recorded exponential double-digit growth rates. Over the last three decades, organic food and farming have continued to grow across globe. Since biopesticides are chemical–free, they are used in a large scale in organic farming. Hence, the market demand for biopesticides is increasing with the growing popularity of organic food & beverage products across the globe.
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. The key countries in the region are China, Japan & India. The market contribution of the Asian countries in the crop protection chemical industry differs highly from each other. This is because the agricultural system and the practices involved vary even within the national borders. Considering the potential advantage the region holds, many global companies are now not only expanding their supply chain to the region but are also setting up their manufacturing base here. Rice, being the staple food of the majority of the countries in the region, holds dominance in the amount of cultivation. Yet, in terms of application, the oilseed & pulse segment tops the market share, which is followed by the fruits & vegetable segment with a slight difference. The demand for food and non-food has increased with the growing population.
The global crop protection market is segmented by product type and application, each playing a crucial role in modern agriculture. In 2023, herbicides dominated the crop protection chemicals market, accounting for over 43.2% of the market share. They are essential for controlling weeds, which compete with crops for nutrients, light, and water, thereby safeguarding crop yields. These chemicals are vital for managing insect pests that can cause significant damage to crops. The persistent threat of pests has maintained a substantial demand for insecticides in the market. Fungicides are crucial for combating fungal diseases that can devastate crops, while bactericides target bacterial infections. Despite challenges, fungicides remain essential in crop protection. This category includes nematicides, rodenticides, and other specialized chemicals used for specific pest and disease control needs.
This segment dominates the global crop protection chemicals market, accounting for approximately 45% of the total market value in 2024. The extensive cultivation of crops like wheat, barley, oat, rye, corn, rice, millet, and triticale across various regions contributes to this significant market share. Crops such as soybeans, sunflowers, and lentils fall under this category. The increasing demand for edible oils and plant-based proteins has led to a rise in the cultivation of these crops, thereby boosting the need for crop protection solutions. This segment includes a wide variety of horticultural crops that are often high-value and require intensive protection measures to ensure quality and yield. The growing consumer demand for fresh produce has amplified the importance of effective crop protection in this category. This encompasses crops like cotton, sugarcane, and ornamental plants, each with specific protection requirements to address unique pest and disease challenges.
According to the research report "Global Crop Protection Chemical Market Overview, 2029," published by Bonafide Research, the Global Crop Protection Chemical market is anticipated to grow at more than 3.40% CAGR from 2024 to 2029. The global crop protection chemical market is highly consolidated, with major players accounting for major share of the market. 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: Basf SE, Bayer AG, Dow AgroSciences, FMC Corporation, Huapont Life Sciences, Nufarm, Sumitomo Chemical, Syngenta AG, UPL. 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. Furthermore, to decrease the activities of deforestations, different institutions like the government are promoting the use of chmiecal crop protection methods. In response to the growing need to meet food sufficiency and importance of safe farming practices, the global organic food industry has recorded exponential double-digit growth rates. Over the last three decades, organic food and farming have continued to grow across globe. Since biopesticides are chemical–free, they are used in a large scale in organic farming. Hence, the market demand for biopesticides is increasing with the growing popularity of organic food & beverage products across the globe.
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. The key countries in the region are China, Japan & India. The market contribution of the Asian countries in the crop protection chemical industry differs highly from each other. This is because the agricultural system and the practices involved vary even within the national borders. Considering the potential advantage the region holds, many global companies are now not only expanding their supply chain to the region but are also setting up their manufacturing base here. Rice, being the staple food of the majority of the countries in the region, holds dominance in the amount of cultivation. Yet, in terms of application, the oilseed & pulse segment tops the market share, which is followed by the fruits & vegetable segment with a slight difference. The demand for food and non-food has increased with the growing population.
The global crop protection market is segmented by product type and application, each playing a crucial role in modern agriculture. In 2023, herbicides dominated the crop protection chemicals market, accounting for over 43.2% of the market share. They are essential for controlling weeds, which compete with crops for nutrients, light, and water, thereby safeguarding crop yields. These chemicals are vital for managing insect pests that can cause significant damage to crops. The persistent threat of pests has maintained a substantial demand for insecticides in the market. Fungicides are crucial for combating fungal diseases that can devastate crops, while bactericides target bacterial infections. Despite challenges, fungicides remain essential in crop protection. This category includes nematicides, rodenticides, and other specialized chemicals used for specific pest and disease control needs.
This segment dominates the global crop protection chemicals market, accounting for approximately 45% of the total market value in 2024. The extensive cultivation of crops like wheat, barley, oat, rye, corn, rice, millet, and triticale across various regions contributes to this significant market share. Crops such as soybeans, sunflowers, and lentils fall under this category. The increasing demand for edible oils and plant-based proteins has led to a rise in the cultivation of these crops, thereby boosting the need for crop protection solutions. This segment includes a wide variety of horticultural crops that are often high-value and require intensive protection measures to ensure quality and yield. The growing consumer demand for fresh produce has amplified the importance of effective crop protection in this category. This encompasses crops like cotton, sugarcane, and ornamental plants, each with specific protection requirements to address unique pest and disease challenges.
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