The global crop protection chemicals market is projected to reach USD 97.01 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.30% during the forecast period. According to Fortune Business Insights™ in their recent study titled "Crop Protection Chemicals Market, 2024-2032," one of the main drivers for the use of crop protection chemicals is the rise in pesticide resistance among emerging crop pests. The market was valued at USD 61.42 billion in 2023.

The industry has undergone significant changes due to factors such as increasing regulations, shifting crop patterns, and rapid growth. As the global population grows, there is an escalating need for higher agricultural output to ensure food security. This demand is further intensified by the scarcity of fertile land. The crop protection sector is evolving to meet these contemporary agricultural challenges, contributing to its expansion.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/crop-protection-chemicals-market-100080

Segmentation-

The market is segmented into various categories based on product type, produce type, application method, and geography:

• **Product Type:**Fungicides, herbicides, insecticides, and other categories.
• **Produce Type:**Fruits and vegetables, oilseeds and pulses, cereals, and other categories.
• Application Method: Foliar spray, soil treatment, seed treatment, and other methods.
• **Geography:**Middle East and Africa, Europe, Asia Pacific, South America, and North America.

Report Coverage:

The study delivers a comprehensive analysis of the factors driving and restraining market growth. It includes detailed examinations of all industry segments and profiles of key market players, highlighting their strategies. Additionally, the research provides an in-depth analysis of regional dynamics and their impact on the industry.

Drivers and Restraints:

Growing Priority for Enhanced Crop Production to Support Economic Growth

Integrated pest management (IPM) plans, which include the use of resistant cultivars, cultural practices, and biological control, focus on long-term pest prevention. These methods aim to minimize harm to human and animal health by applying a variety of pest control techniques and understanding the life cycles and interactions of pests. Farmers prefer these approaches as they mitigate environmental risks associated with pest control, supporting market growth. For example, IPM techniques have increased agricultural crop yields by 40.14% for rice and 26.63% for cotton, as reported by the Directorate of Plant Protection Quarantine & Storage (India).

The study indicates that global insect pest losses have decreased from 13.6% in the post-green revolution era to 10.8% since the turn of the century. This reduction is attributed to significant changes in agricultural production systems, the use of crop protection agents, enhanced awareness of field and post-harvest losses, and effective management practices.

However, the development of pesticide resistance in pests could hinder market growth.

Regional Insights

Market participants will have lucrative growth opportunities in Asia Pacific.