The Global crop protection chemicals market size
was 2,300.0 kilo tons in 2014 and is expected to grow owing to rapid
population growth need for high yield crops and reduced arable or
cultivable land. These chemicals deal with managing weeds, plant
diseases and pests which damage forestry, agricultural crops, field
crops, vegetable crops, fruit and horticulture crops.
Rising
awareness regarding ill-effects of contaminated food on health has led
to an increasing demand for crop protection chemicals. Increase in
harmful species including weeds, nematodes and crop insects disrupting
the growth of the crops is expected to augment the market demand
significantly. The market is anticipated to reach USD 90.09 billion by
2022.
Herbicides
market was valued at USD 18.11 billion in 2014. They are extensively
used owing to their property of selective destruction of unwanted weeds
leaving desired crops unharmed. In addition, increasing availability of
organic herbicides as well as products exhibiting properties similar to
natural plant hormones is expected to bolster growth.
Demand
for insecticides was 805.4 kilo tons in 2014. Asia Pacific demand for
insecticides was driven by rising usage of chemicals in emerging
economies including India and China. Climatic conditions resulting in
the presence of pests which adversely hamper crop yield has resulted in
driving demand for the product in the region over the past few years and
the trend is anticipated to continue over the forecast period.
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Fungicides
accounted for about 22.7% of the industry volume in 2014. Favorable
climatic conditions across major crop producing regions is one reason to
propel the demand of the chemicals. Fungicides are available in forms
of eradicants and protectants.
Cereals
accounted for 19.0 % of the crop protection chemicals industry volume
in 2014, due to its increasing demand in Latin America and Asia Pacific,
where traditional food grains and pulses are consumed in a larger
amount. This trend is expected to continue owing to the rising demand
for healthy foods and an exponentially increasing consumer base.
Cotton
was the largest application valued at USD 12.65 billion in 2014, owing
to the rising demand of agrochemicals used in cotton production. Growing
demand for cotton to manufacture apparel, technical textiles and home
furnishings is expected to drive industry growth.
Fruits
&vegetables accounted for over 17.0% of the total revenue in 2014.
Rising popularity of biopesticides which allow for direct consumption of
crops will propel demand over the forecast period.
North
America dominated the global industry owing to high adoption of modern
farming practices. The market is expected to grow at a CAGR of 7.3%, in
terms of volume, from 2015 to 2022, due to increasing consumer awareness
about side-effects of using synthetic pesticides.
Asia
Pacific crop protection chemical market was valued at USD 14.03 billion
in 2014. Growing population coupled with rising demand for crops in
emerging economies of the region is expected to drive growth over the
forecast period. Moreover, several economies in the region rely heavily
on the agricultural sector, which is expected to further augment demand.
Crop
protection chemical demand in Europe was 696.4 kilo tons in 2014.
Growing demand for biopesticides on account of rising consumer awareness
regarding the adverse effects of chemicals on the ecology is expected
to drive growth.
Key
players in the market include Monsanto, American Vanguard, Bayer
CropScience, Arysta LifeScience, BioWorks, Chemtura Corp, BASF SE,
Cheminova, Dow AgroSciences, DuPont, Ishihara Sangyo Kaisha, FMC Corp,
Isagro SpA, Makhteshim Agan, Marrone Bio Innovations, Nufarm Ltd,
Sumitomo Chemical, Novozymes A/S, Monsanto, Natural Industries Syngenta
AG, and Valent Biosciences.
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Grand View Research has segmented the global crop protection chemicals market on the basis of product, application and region:
Crop Protection Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- Herbicides
- Fungicides
- Insecticides
- Others
Crop Protection Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- Fruits & vegetables
- Cereals
- Maize
- Cotton
- Rice
- Others
Crop Protection Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- ROW
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
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relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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