Crop Protection Chemicals Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Herbicides, Insecticides, Fungicides, and Others); Product Type (Synthetic and Biopesticides); Form (Liquid and Solid); Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment, and Others); Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others); Region and Country
The global crop protection chemicals market is likely to showcase a growth of around 4% during the forecast period. Over the years, world witnessed the rise in population and is continuously growing creating greater demand for food. And the strain on land, which is a limited resource, has also grown. However, growth of population outpaced the land growth, thereby reducing the agricultural land per capita. For instance, according to the Our World in Data, the global agricultural land per capita has decreased to 0.6 hectare in 2018 compared to 1.4 hectare in 1961. Further, according to Food and Agricultural Organisation, the world population expected to increase 10 billion by 2050. This reduction in agricultural land coupled with rising population has increased the global focus on improving crop yield, thereby increased the interest of agrochemical manufacturers to produce more advance, productive, and less toxic to humans, crop protection chemicals. Around 40% of the world’s annual crop loss are due to weeds, diseases, harmful insects and fungi, among others. Without the use of reliable crop protection chemicals, those losses could be much higher and threaten the stability of the world’s food supply.
Insights Presented in the Report
“Amongst type, herbicides held the prominent share of the market in 2020”
Based on type, the market is categorized into herbicides, insecticides, fungicides, and others. Among these, herbicides held the majority share of the market. Herbicides are commonly used to destroy unwanted plants or weeds in midst of crop. Since, the industry is witnessing farm labor shortage predominantly internationally, therefore, to remove the unwanted plants or weeds, herbicides are widely consumed in the agriculture sector.
“Amongst crop type, fruits & vegetables category held a prominent position in the market in 2020”
Based on crop type, the market is categorized into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among these, fruits & vegetables accounted for prominent market position. This is because, the world is witnessing a shift in cropping pattern from food grains to fruits and vegetables as farmers are seeing more value gain under this segment, hence, the crop protection chemicals consumption has increased and is expected to further increase with the growth in horticulture.
“Asia-Pacific is likely to showcase significant growth during the forecast period”
For a better understanding of the market adoption of crop protection chemicals, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The large base of the agriculture sector of the Asia-Pacific helped the region to obtain a dominating position in the market. Regional demand for crop protection chemicals due to high agriculture consumption is needed in order to feed the growing and already higher population. Further, improving per-capita income and disposable income is encouraging consumers to purchase large numbers of products, thereby increasing the demand for crop protection chemicals from the agriculture sector. Further, the governments of several regional countries are helping the industry in expansion by providing subsidies and creating favorable policies.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|2.1.||Research Process of the Crop Protection Chemicals Market|
|2.2.||Research Methodology of the Crop Protection Chemicals Market|
|5||IMPACT OF COVID-19 ON THE CROP PROTECTION CHEMICALS MARKET|
|6||CROP PROTECTION CHEMICALS MARKET REVENUE (USD MN), 2020-2028F|
|11.1.||Cereals & Grains|
|11.2.||Oilseeds & Pulses|
|11.3.||Fruits & Vegetables|
|12.1.1.||The United States|
|12.1.3.||Rest of North America|
|12.2.2.||The United Kingdom|
|12.2.6.||Rest of Europe|
|12.3.4.||Rest of Asia-Pacific|
|12.4.||Rest of World|
|14||CROP PROTECTION CHEMICALS MARKET OPPORTUNITIES|
|15||CROP PROTECTION CHEMICALS MARKET TRENDS|
|16.1.||Demand Side Analysis|
|16.2.||Supply Side Analysis|
|17||VALUE CHAIN ANALYSIS|
|20.1.1.||Porters Fiver Forces Analysis|
|21.8.||Sumitomo Chemical Co. Ltd.|
|21.9.||Jiangsu Yangnong Chemical Group Co. Ltd.|
|21.10.||Shandong Weifang Rainbow Chemical Co. Ltd.|
Research Methodology for Global Crop Protection Chemicals Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of crop protection chemicals, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of crop protection chemicals through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the crop protection chemicals market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type, product type, form, mode of application, and crop type. Further regional and country-level analyses were conducted to evaluate the overall adoption of crop protection chemicals globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of crop protection chemicals. Further, we conducted factor analysis using dependent and independent variables such as limited farming land and increasing demand of agricultural crops. A thorough analysis was conducted of demand and supply-side scenarios considering the increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the crop protection chemicals industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of crop protection chemicals across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the crop protection chemicals market. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global crop protection chemicals market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of the type, product type, form, mode of application, and crop type.
The main objective of the crop protection chemicals market study
The current & future market trends of global crop protection chemicals were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of crop protection chemicals in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include the area of the type, product type, form, mode of application, and crop type
- Defined analysis of the regulatory framework for the crop protection chemicals industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of crop protection chemicals for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the crop protection chemicals market players and the growth strategies adopted by them to sustain the growing market
Deep dive country-level analysis of the industry