農薬市場 : 2029年までの世界予測

Crop Protection Chemicals Market - Global Forecast to 2029

農薬市場 : 種類 (除草剤、殺虫剤、殺菌剤、殺菌剤)、原産地 (合成農薬、生物農薬)、形態、使用方法 (葉面、種子処理、土壌処理)、作物の種類と地域別 - 2029年までの世界予測
Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic & Biopesticides), Form, Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2029
出版年月2024年6月
ページ数343
図表数375
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global market for crop protection chemicals is estimated at USD 79.3 billion in 2024 and is projected to reach USD 101.0 billion by 2029, at a CAGR of 5.0% during the forecast period.

世界の農薬市場は、2024 年に 793 億米ドルと推定され、予測期間中の CAGR は 5.0% で、2029 年までに 1,010 億米ドルに達すると予測されています。

農薬市場 : 2029年までの世界予測

The growth of the crop protection chemicals market is driven by the imperative to increase agricultural productivity amidst a growing global population, mitigate the impacts of climate change on crop health, adopt advanced agricultural technologies, comply with regulatory standards, ensure economic viability in agriculture, meet consumer demands for quality and safety, and capitalize on market opportunities for innovative solutions. These factors collectively underscore the essential role of crop protection chemicals in modern agriculture and their ongoing significance in ensuring food security and sustainability.

“Heavy crop loss due to pest attacks”
Pest attacks by insects, fungi, weeds, and pathogens pose a significant threat to global crop production, causing substantial losses each year. According to the Food and Agriculture Organization (FAO), pests destroy an estimated 20% to 40% of global crop yields annually, resulting in billions of dollars in economic damage and jeopardizing food security, especially in regions heavily reliant on agriculture for livelihoods and sustenance. The Fall Armyworm (FAW) has emerged as a particularly destructive pest, wreaking havoc on maize crops across Africa, Asia, and the Americas. FAO reports indicate that FAW infestations can lead to yield losses ranging from 8% to 20% in maize production alone. In Africa, where maize is a staple crop, these losses can exacerbate food shortages and cause severe economic setbacks for farmers.
To combat these threats, crop protection chemicals such as pesticides, fungicides, herbicides, and insecticides play a pivotal role in effectively managing pest and disease outbreaks. These chemicals are essential for preventing and controlling infestations, thereby minimizing crop losses and ensuring stable yields. Farmers apply these chemicals either preventively or curatively, depending on pest pressure and crop growth stages, to maintain crop health and productivity. In summary, the use of crop protection chemicals is indispensable in modern agriculture to mitigate the devastating impact of pests and diseases, safeguarding global food production and economic stability for farming communities worldwide.

農薬市場 : 2029年までの世界予測 ecosystem

“In 2023, foliar spray dominated the crop protection chemicals market within the mode of application segment. “
Foliar sprays are highly effective in directly targeting pests, diseases, and weeds that affect above-ground parts of plants. This mode of application allows crop protection chemicals to be applied directly onto leaves, stems, and other aerial parts where pests and pathogens typically reside. This targeted approach ensures efficient and rapid action against threats, minimizing damage and maximizing crop yields. Foliar sprays are versatile and can be used across a wide range of crops, including field crops, fruits, vegetables, and ornamentals. They offer flexibility in application timing and frequency, allowing farmers to adapt treatments based on crop growth stages, pest pressure levels, and environmental conditions. This adaptability enhances their utility in diverse agricultural settings and contributes to their widespread adoption. Foliar sprays are relatively easy to apply using standard spraying equipment, such as handheld sprayers, tractor-mounted sprayers, or aerial application systems. Farmers and agricultural professionals often prefer foliar sprays due to their convenience, effectiveness, and proven track record in crop protection. The availability of a wide range of foliar-applied products across herbicides, insecticides, fungicides, and growth regulators further supports their dominance in the market. Manufacturers continue to innovate and develop new formulations tailored for foliar application, addressing specific pest and disease challenges faced by growers.

“Within the form segment of crop protection chemicals market, liquid form is expected to dominate the market during the forecast period.”
Liquid formulations of crop protection chemicals are favored for their ease of application. They can be easily mixed with water and sprayed uniformly over large areas using various spraying equipment, including ground sprayers and aerial application methods. This ease of application contributes to efficient coverage of crops, ensuring effective pest, disease, and weed control. Liquid formulations typically facilitate better crop penetration and absorption compared to solid formulations. This allows active ingredients to reach target pests or pathogens more effectively, leading to quicker action and improved control outcomes. Enhanced absorption also reduces the risk of run-off and environmental contamination, aligning with sustainable agricultural practices. Market preferences and farmer demand also drive the dominance of liquid formulations in the crop protection chemicals market. Farmers often prioritize products that are convenient to handle, store, and apply, which liquid formulations fulfill effectively. Additionally, the availability of a wide range of liquid formulations across herbicides, insecticides, fungicides, and other categories supports their widespread adoption in diverse agricultural settings.

“The crop protection chemicals market in North America is expected to grow at highest CAGR during the forecast period.”
North America is at the forefront of agricultural innovation, with widespread adoption of advanced technologies such as precision agriculture, biotechnology, and digital farming solutions. These technologies enhance the efficiency and effectiveness of crop protection practices, driving continuous demand for newer and more sophisticated crop protection chemicals. North America faces diverse climate conditions and pest pressures that necessitate robust crop protection strategies. Insect pests like the corn earworm and diseases such as soybean rust can significantly impact crop yields if not effectively managed. Crop protection chemicals offer reliable solutions to mitigate these risks, thereby maintaining agricultural productivity and farmer profitability. Investments in research and development (R&D) continue to drive innovation in crop protection chemicals tailored to North American crops and farming practices. Companies invest in developing products that address specific regional challenges, such as herbicide-resistant weeds or emerging pests, thereby sustaining market growth.
The Break-up of Primaries:
By Value Chain Side: Demand Side – 40% and Supply Side – 60%
By Designation: CXOs – 30%, Managers – 25%, Executives – 45%
By Region: North America – 25%, Europe – 25%, APAC – 25%, South America – 15%, and RoW – 10%

農薬市場 : 2029年までの世界予測 region

Key players in this market include BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), Syngenta Group (Switzerland), Corteva (US), UPL (India), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), Albaugh LLC (US), Koppert (Netherlands), Gowan Company (US), American Vanguard Corporation (US), Kumiai Chemical Industry Co., Ltd (Japan), PI Industries (India), and Chr. Hansen A/S (Denmark).

Research Coverage:
The report segments the crop protection chemicals market based on mode of application, crop type, type, form, origin, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the crop protection chemicals market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the crop protection chemicals market. Competitive analysis of upcoming startups in the crop protection chemicals market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall crop protection chemicals market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (increasing need of food security for the rising population, advancement in farming practices and technologies, and heavy crop loss due to pest attacks), restraints (pesticide residue problems and stringent government regulations) opportunities (rapid growth in the biopesticides market, immense opportunities in developing countries, and integrated pest management (IPM)), and challenges (evolution of biotechnology and increasing acceptance of GM crops and pest resistance).
• Product Development/Innovation: Detailed insights on research & development activities and new product launches in the crop protection chemicals market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the crop protection chemicals market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the crop protection chemicals market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like BASF SE (Germany), Bayer AG (Germany), FMC Corporation (US), Syngenta Group (Switzerland), Corteva (US), UPL (India), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), Albaugh LLC (US), Koppert (Netherlands), Gowan Company (US), American Vanguard Corporation (US), Kumiai Chemical Industry Co., Ltd (Japan), PI Industries (India), Chr. Hansen A/S (Denmark), Certis USA L.L.C (US), Sipcam Oxon Spa (Italy), Biobest Group NV (Belgium), Vestaron Corporation (US), BIONEMA (UK), Wynca Group (China), Lier Chemical Co., Ltd (China), HELM AG (Germany), Jiangsu Yangnong Chemical Co., Ltd (China), Nanjing Red Sun Co., Ltd (China).

Table of Contents

1            INTRODUCTION            29

1.1         STUDY OBJECTIVES      29

1.2         MARKET DEFINITION   29

1.3         MARKET SCOPE             30

1.3.1      MARKET SEGMENTATION         30

FIGURE 1           CROP PROTECTION CHEMICALS MARKET SEGMENTATION              30

1.3.2      INCLUSIONS & EXCLUSIONS     31

TABLE 1             CROP PROTECTION CHEMICALS MARKET: INCLUSIONS & EXCLUSIONS    31

1.3.3      REGIONS COVERED      32

1.3.4      YEARS CONSIDERED     32

1.4         UNIT CONSIDERED       33

1.4.1      CURRENCY/VALUE UNIT           33

1.4.2      VOLUME UNIT 33

TABLE 2             USD EXCHANGE RATES CONSIDERED, 2019–2023            33

1.5         STAKEHOLDERS            33

1.6         SUMMARY OF CHANGES            34

1.6.1      IMPACT OF RECESSION 34

2            RESEARCH METHODOLOGY     35

2.1         RESEARCH DATA           35

FIGURE 2           CROP PROTECTION CHEMICALS MARKET: RESEARCH DESIGN              35

2.1.1      SECONDARY DATA       36

2.1.1.1   Key data from secondary sources     36

2.1.2      PRIMARY DATA 37

2.1.2.1   Key data from primary sources         37

TABLE 3             KEY DATA FROM PRIMARY SOURCES    37

2.1.2.2   Key industry insights          38

2.1.2.3   Breakdown of primaries     39

2.2         MARKET SIZE ESTIMATION       39

2.2.1      BOTTOM-UP APPROACH           40

FIGURE 3           CROP PROTECTION CHEMICALS MARKET: DEMAND-SIDE CALCULATION 40

2.2.2      TOP-DOWN APPROACH             41

2.2.2.1   Approach to estimate market size using top-down analysis         41

FIGURE 4           CROP PROTECTION CHEMICALS MARKET SIZE ESTIMATION STEPS AND RESPECTIVE SOURCES: SUPPLY SIDE           41

FIGURE 5           SUPPLY-SIDE ANALYSIS: CROP PROTECTION CHEMICALS MARKET            42

2.3         DATA TRIANGULATION             43

FIGURE 6           DATA TRIANGULATION METHODOLOGY         43

2.4         RESEARCH ASSUMPTIONS         44

2.5         RESEARCH LIMITATIONS           44

2.6         RECESSION IMPACT ON CROP PROTECTION CHEMICALS MARKET              45

2.6.1      RECESSION MACRO INDICATORS           45

FIGURE 7           INDICATORS OF RECESSION     45

FIGURE 8           GLOBAL INFLATION RATE, 2011–2022   46

FIGURE 9           GLOBAL GDP, 2011–2022 (USD TRILLION)          46

FIGURE 10         RECESSION INDICATORS AND THEIR IMPACT ON CROP PROTECTION CHEMICALS MARKET      47

FIGURE 11         CROP PROTECTION CHEMICALS MARKET: EARLIER FORECAST VS. RECESSION FORECAST  48

3            EXECUTIVE SUMMARY 49

TABLE 4             CROP PROTECTION CHEMICALS MARKET SNAPSHOT, 2024 VS. 2029      49

FIGURE 12         CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)     50

FIGURE 13         CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024 VS. 2029 (USD MILLION)     50

FIGURE 14         CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)     51

FIGURE 15         CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024 VS. 2029 (USD MILLION)     51

FIGURE 16         CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024 VS. 2029 (USD MILLION)             52

FIGURE 17         NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       53

4            PREMIUM INSIGHTS      54

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CROP PROTECTION CHEMICALS MARKET   54

FIGURE 18         PEST & DISEASE PRESSURE, CLIMATE CHANGE CHALLENGES, AND REGULATORY SUPPORT & APPROVALS ARE KEY DRIVERS OF MARKET              54

4.2         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE & COUNTRY      55

FIGURE 19         HERBICIDES SEGMENT AND BRAZIL TO ACCOUNT FOR LARGEST SHARES IN SOUTH AMERICAN CROP PROTECTION CHEMICALS MARKET IN 2024             55

4.3         CROP PROTECTION CHEMICALS MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS           56

FIGURE 20         BRAZIL TO ACCOUNT FOR LARGEST SHARE (BY VALUE) IN 2024      56

4.4         CROP PROTECTION CHEMICALS MARKET, BY TYPE AND REGION              57

FIGURE 21         HERBICIDES SEGMENT TO OCCUPY LARGEST MARKET SHARE DURING FORECAST PERIOD     57

4.5         CROP PROTECTION CHEMICALS MARKET, BY FORM AND REGION              58

FIGURE 22         LIQUID SEGMENT TO DOMINATE MARKET DURING REVIEW PERIOD              58

4.6         CROP PROTECTION CHEMICALS MARKET, BY ORIGIN AND REGION              59

FIGURE 23         SYNTHETIC SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD      59

4.7         CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION AND REGION    60

FIGURE 24         FOLIAR SEGMENT TO OCCUPY LARGEST MARKET SHARE DURING FORECAST PERIOD     60

4.8         CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE AND REGION             61

FIGURE 25         CEREALS & GRAINS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD     61

5            MARKET OVERVIEW     62

5.1         INTRODUCTION            62

5.2         MACROECONOMIC INDICATORS           62

5.2.1      INCREASE IN FOOD PRICES       62

5.2.2      DECREASE IN CROP LAND AREA            63

FIGURE 26         GLOBAL AGRICULTURAL LAND AREA (2027–2021)         63

5.3         MARKET DYNAMICS     64

FIGURE 27         MARKET DYNAMICS: CROP PROTECTION CHEMICALS MARKET            64

5.3.1      DRIVERS            64

5.3.1.1   Changes in precipitation, carbon dioxide levels, and warming temperatures              64

5.3.1.2   Advancements in farming practices and technology     65

5.3.1.3   Emergence of nanopesticides           65

5.3.1.4   Economic losses through pest attacks on crops             66

5.3.2      RESTRAINTS     66

5.3.2.1   Regulatory barriers            66

5.3.2.2   Health, environmental, and regulatory implications of pesticide residues 67

5.3.3      OPPORTUNITIES           67

5.3.3.1   Invasive species    67

5.3.3.2   Integrated Pest Management (IPM) 68

5.3.4      CHALLENGES   68

5.3.4.1   Resistance management     68

5.3.4.2   Excessive or inappropriate pesticide application threatening biodiversity 69

6            INDUSTRY TRENDS       70

6.1         INTRODUCTION            70

6.2         VALUE CHAIN ANALYSIS            70

FIGURE 28         CROP PROTECTION CHEMICALS MARKET: VALUE CHAIN ANALYSIS          71

6.2.1      RESEARCH & PRODUCT DEVELOPMENT            71

6.2.2      REGISTRATION 71

6.2.3      FORMULATION & MANUFACTURING    72

6.2.4      DISTRIBUTION 72

6.2.5      MARKETING & SALES    73

6.2.6      POST-SALE SERVICES   73

6.3         TRADE ANALYSIS          73

6.3.1      EXPORT SCENARIO OF HS CODE 3808   73

FIGURE 29         EXPORT VALUE OF HS CODE 3808 FOR KEY COUNTRIES, 2019–2023, (USD THOUSAND)             74

TABLE 5             EXPORT VALUE OF HS CODE 3808, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)        74

6.3.2      IMPORT SCENARIO OF HS CODE 3808   75

FIGURE 30         IMPORT VALUE OF HS CODE 3808 FOR KEY COUNTRIES, 2019–2023, (USD THOUSAND)             75

TABLE 6             IMPORT VALUE OF HS CODE 3808, BY KEY COUNTRY, 2019–2022 (USD THOUSAND)        76

6.4         TECHNOLOGY ANALYSIS           76

6.4.1      KEY TECHNOLOGIES    76

6.4.1.1   NANOTECHNOLOGY    76

6.4.2      COMPLEMENTARY TECHNOLOGY        77

6.4.2.1   VARIABLE RATE TECHNOLOGY (VRT)  77

6.4.3      ADJACENT TECHNOLOGY         77

6.4.3.1   DRONE SPRAYING         77

6.5         PRICING ANALYSIS        78

6.5.1      AVERAGE SELLING PRICE TREND OF CROP PROTECTION CHEMICAL KEY PLAYERS, BY TYPE 78

FIGURE 31         AVERAGE SELLING PRICE TREND OF CROP PROTECTION CHEMICAL KEY PLAYERS, BY TYPE, 2023             78

TABLE 7             AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY TYPE, 2023 (USD MILLION/TON)            78

FIGURE 32         AVERAGE SELLING PRICE TREND, BY TYPE, 2019–2023  79

TABLE 8             AVERAGE SELLING PRICE (ASP) TREND OF CROP PROTECTION CHEMICALS, BY TYPE, 2019–2023 (USD MILLION/TON)    79

FIGURE 33         AVERAGE SELLING PRICE TREND, BY INSECTICIDES TYPE, 2019–2023          80

6.5.2      AVERAGE SELLING PRICE TREND OF INSECTICIDES, BY REGION              80

TABLE 9             INSECTICIDES: AVERAGE SELLING PRICE (ASP) TREND OF CROP PROTECTION CHEMICALS BY REGION, 2019–2023 (USD MILLION/TON)              80

FIGURE 34         AVERAGE SELLING PRICE TREND, BY HERBICIDES TYPE, 2019–2023      81

6.5.3      AVERAGE SELLING PRICE TREND OF HERBICIDES, BY REGION 81

TABLE 10           HERBICIDES: AVERAGE SELLING PRICE (ASP) TREND OF CROP PROTECTION CHEMICALS BY REGION, 2019–2023 (USD MILLION/TON) 81

FIGURE 35         AVERAGE SELLING PRICE TREND, BY FUNGICIDES & BACTERICIDES TYPE, 2019–2023 82

6.5.4      AVERAGE SELLING PRICE TREND OF FUNGICIDES & BACTERICIDES, BY REGION        82

TABLE 11           FUNGICIDES & BACTERICIDES: AVERAGE SELLING PRICE (ASP) TREND OF CROP PROTECTION CHEMICALS BY REGION, 2019–2023 (USD MILLION/TON) 82

FIGURE 36         AVERAGE SELLING PRICE TREND, BY OTHER TYPES, 2019–2023              83

6.5.5      AVERAGE SELLING PRICE TREND OF OTHER TYPES OF CROP PROTECTION CHEMICALS, BY REGION 83

TABLE 12           OTHER TYPES: AVERAGE SELLING PRICE (ASP) TREND OF CROP PROTECTION CHEMICALS BY REGION, 2019–2023 (USD MILLION/TON)              83

6.6         ECOSYSTEM ANALYSIS/MARKET MAP   84

6.6.1      DEMAND SIDE  84

6.6.2      SUPPLY SIDE    84

FIGURE 37         KEY STAKEHOLDERS IN CROP PROTECTION CHEMICALS MARKET ECOSYSTEM   84

TABLE 13           CROP PROTECTION CHEMICALS MARKET: ECOSYSTEM              85

6.7         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       86

FIGURE 38         CROP PROTECTION CHEMICALS MARKET: TRENDS/DISRUPTING IMPACTING CUSTOMER BUSINESS          86

6.8         PATENT ANALYSIS        87

FIGURE 39         PATENTS GRANTED FOR CROP PROTECTION CHEMICALS MARKET, 2014–2024       87

FIGURE 40         REGIONAL ANALYSIS OF PATENTS GRANTED FOR CROP PROTECTION CHEMICALS MARKET, 2014–2024 88

TABLE 14           KEY PATENTS PERTAINING TO CROP PROTECTION CHEMICALS, 2014–2024 88

6.9         KEY CONFERENCES & EVENTS  90

TABLE 15           CROP PROTECTION CHEMICALS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025             90

6.10       REGULATORY LANDSCAPE       90

6.10.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          91

TABLE 16           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         91

TABLE 17           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 92

TABLE 18           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         93

TABLE 19           SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         94

TABLE 20           MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         94

6.10.2    NORTH AMERICA          95

6.10.2.1 US         95

6.10.2.1.1            Product registration for pesticides in US        95

6.10.2.2 Canada  95

6.10.2.2.1            Pesticide regulations in Canada       95

6.10.3    EUROPE             96

6.10.3.1 Data requirements for plant protection products          97

6.10.3.2 UK         97

6.10.3.3 Germany             98

6.10.4    ASIA PACIFIC    98

6.10.4.1 China     98

6.10.4.2 Australia 98

6.10.4.2.1            Approval of active constituents for use in Australia      98

6.10.4.3 India      99

6.10.4.3.1            Data requirements for technical ingredients   99

6.10.5    SOUTH AMERICA           99

6.10.5.1 Brazil     99

6.10.5.2 Argentina            100

6.10.6    REST OF THE WORLD   100

6.10.6.1 South Africa        100

6.11       PORTER’S FIVE FORCES ANALYSIS         100

TABLE 21           PORTER’S FIVE FORCES IMPACT ON CROP PROTECTION CHEMICALS MARKET   101

FIGURE 41         CROP PROTECTION CHEMICALS MARKET: PORTER’S FIVE FORCES ANALYSIS         101

6.11.1    INTENSITY OF COMPETITIVE RIVALRY 101

6.11.2    BARGAINING POWER OF SUPPLIERS     102

6.11.3    BARGAINING POWER OF BUYERS           102

6.11.4    THREAT OF SUBSTITUTES         102

6.11.5    THREAT OF NEW ENTRANTS    103

6.12       KEY STAKEHOLDERS AND BUYING CRITERIA    103

6.12.1    KEY STAKEHOLDERS IN BUYING PROCESS         103

FIGURE 42         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION  103

TABLE 22           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE MODES OF APPLICATION  104

6.12.2    BUYING CRITERIA         104

FIGURE 43         KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION  104

TABLE 23           KEY BUYING CRITERIA FOR TOP THREE MODES OF APPLICATION  105

6.13       CASE STUDY ANALYSIS 105

6.13.1    UPL LIMITED ANNOUNCED NEW BUSINESS UNIT, NATURAL PLANT PROTECTION (NPP), TO FOCUS ON BIOLOGICAL SOLUTIONS 105

6.13.2    PROMOTING INTEGRATED PEST MANAGEMENT (IPM) IN DPR KOREA              106

6.13.3    PRODUCT LAUNCH “CIMEGRA INSECTICIDE” FROM BASF SE IN AUSTRALIA FOR EFFECTIVE PEST CONTROL    107

6.14       INVESTMENT AND FUNDING SCENARIO            107

FIGURE 44         INVESTMENT & FUNDING SCENARIO OF MAJOR PLAYERS              107

7            CROP PROTECTION CHEMICALS MARKET, BY TYPE      108

7.1         INTRODUCTION            109

FIGURE 45         HERBICIDE TYPE TO DOMINATE CROP PROTECTION CHEMICALS MARKET DURING FORECAST PERIOD        109

TABLE 24           CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION) 109

TABLE 25           CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION) 110

TABLE 26           CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (KT)      110

TABLE 27           CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (KT)      110

7.2         HERBICIDES     111

7.2.1      CAPABILITY OF ELIMINATING DEEP-ROOTED WEEDS TO DRIVE DEMAND           111

TABLE 28           TOP HERBICIDES APPLIED TO CORN PLANTED ACRES, 2021 (CROP YEAR IN US)        112

TABLE 29           HERBICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)       112

TABLE 30           HERBICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)       113

TABLE 31           HERBICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (KT)             113

TABLE 32           HERBICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (KT)             113

7.3         INSECTICIDES  114

7.3.1      INCREASE IN CROP LOSSES DUE TO INSECT INFESTATION TO DRIVE SEGMENT         114

TABLE 33           INSECTICIDE TYPES AND THEIR MODES OF ACTION     114

TABLE 34           INSECTICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)       117

TABLE 35           INSECTICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)       117

TABLE 36           INSECTICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (KT)             117

TABLE 37           INSECTICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (KT)             118

7.4         FUNGICIDES & BACTERICIDES 118

7.4.1      INCREASED DEMAND FOR HIGH-VALUE CROPS TO FUEL MARKET              118

TABLE 38           FUNGICIDES & BACTERICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)    119

TABLE 39           FUNGICIDES & BACTERICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)    119

TABLE 40           FUNGICIDES & BACTERICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (KT)          120

TABLE 41           FUNGICIDES & BACTERICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (KT)          120

7.5         OTHER TYPES  120

TABLE 42           OTHER TYPES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)       121

TABLE 43           OTHER TYPES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)       121

TABLE 44           OTHER TYPES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (KT)             122

TABLE 45           OTHER TYPES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (KT)             122

8            CROP PROTECTION CHEMICALS MARKET, BY ORIGIN  123

8.1         INTRODUCTION            124

FIGURE 46         SYNTHETIC SEGMENT TO DOMINATE CROP PROTECTION CHEMICALS MARKET DURING FORECAST PERIOD        124

TABLE 46           CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2019–2023 (USD MILLION)     124

TABLE 47           CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024–2029 (USD MILLION)     125

8.2         SYNTHETIC      125

8.2.1      STRICT REGULATIONS ON PRODUCTION AND USE TO IMPACT GROWTH          125

TABLE 48           SYNTHETIC: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)       126

TABLE 49           SYNTHETIC: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)       126

8.3         BIOPESTICIDES 126

8.3.1      INCREASE IN SUSTAINABLE AGRICULTURAL PRACTICES TO DRIVE DEMAND           126

TABLE 50           BIOPESTICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)       127

TABLE 51           BIOPESTICIDES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)       128

9            CROP PROTECTION CHEMICALS MARKET, BY FORM     129

9.1         INTRODUCTION            130

FIGURE 47         LIQUID SEGMENT TO DOMINATE CROP PROTECTION CHEMICALS MARKET DURING FORECAST PERIOD        131

TABLE 52           CROP PROTECTION CHEMICALS MARKET, BY FORM, 2019–2023 (USD MILLION) 131

TABLE 53           CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024–2029 (USD MILLION) 131

9.2         LIQUID 131

9.2.1      LONGER SHELF-LIFE AND EASY HANDLING, TRANSPORTATION, AND APPLICATION TO DRIVE DEMAND        131

TABLE 54           COMMON LIQUID-PESTICIDE FORMULATIONS 132

TABLE 55          LIQUID: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)          133

TABLE 56          LIQUID: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)          133

9.3         SOLID  134

9.3.1      LONG STORAGE STABILITY, GOOD MISCIBILITY WITH WATER, AND CONVENIENT APPLICATION TO DRIVE DEMAND          134

TABLE 57           SOLID: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)          135

TABLE 58           SOLID: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)          135

10          CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION              136

10.1       INTRODUCTION            137

FIGURE 48         SEED TREATMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       137

TABLE 59           CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2019–2023 (USD MILLION)           137

TABLE 60           CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024–2029 (USD MILLION)           138

10.2       FOLIAR SPRAY  138

10.2.1    SUITABILITY FOR DESTROYING LARGE NUMBER OF UNWANTED GRASSES, HERBS, AND SHRUBS TO DRIVE DEMAND      138

TABLE 61           FOLIAR SPRAY: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)       139

TABLE 62           FOLIAR SPRAY: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)       139

10.3       SOIL TREATMENT         139

10.3.1    RISING CONCERNS ABOUT FOOD SECURITY AND SHRINKING ARABLE LAND TO DRIVE DEMAND         139

TABLE 63           SOIL TREATMENT: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)  140

TABLE 64           SOIL TREATMENT: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)  140

10.4       SEED TREATMENT        140

10.4.1    INCREASE IN IMMUNITY AND REDUCTION OF DELAYED GERMINATION TO DRIVE DEMAND      140

TABLE 65           SEED TREATMENT: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)  141

TABLE 66           SEED TREATMENT: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)  142

10.5       OTHER MODES OF APPLICATION          142

TABLE 67           OTHER MODES OF APPLICATION: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)    142

TABLE 68           OTHER MODES OF APPLICATION: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)    143

11          CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE         144

11.1       INTRODUCTION            145

FIGURE 49         CEREALS & GRAINS SEGMENT TO DOMINATE CROP PROTECTION CHEMICALS MARKET DURING FORECAST PERIOD           145

TABLE 69           CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION)          145

TABLE 70           CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION)          146

11.2       CEREALS & GRAINS       146

11.2.1    THREATS FROM INSECT PESTS TO DRIVE DEMAND      146

FIGURE 50         PESTICIDES APPLIED TO CORN PLANTED ACRES, 2021 CROP YEAR (% OF PLANTED ACRES)  147

TABLE 71           CEREALS & GRAINS: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)  147

TABLE 72           CEREALS & GRAINS: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)  147

11.3       OILSEEDS & PULSES      148

11.3.1    GROWING IMPORTANCE OF CASH CROPS TO DRIVE DEMAND 148

TABLE 73           PULSE CROPS – INSECT THRESHOLD LEVELS    148

TABLE 74           OILSEEDS & PULSES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)            149

TABLE 75           OILSEEDS & PULSES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)            149

11.4       FRUITS & VEGETABLES 150

11.4.1    RISE IN FRUITS & VEGETABLES PRODUCTION TO DRIVE DEMAND              150

TABLE 76           FRUITS & VEGETABLES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)            150

TABLE 77           FRUITS & VEGETABLES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)            150

11.5       OTHER CROP TYPES     151

TABLE 78           OTHER CROP TYPES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)            151

TABLE 79           OTHER CROP TYPES: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)            151

12          CROP PROTECTION CHEMICALS MARKET, BY REGION 152

12.1       INTRODUCTION            153

TABLE 80           CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)     154

TABLE 81           CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)     154

TABLE 82           CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (KT)           154

TABLE 83           CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (KT)           155

FIGURE 51         US TO BE FASTEST-GROWING CROP PROTECTION CHEMICALS MARKET DURING FORECAST PERIOD        155

12.2       NORTH AMERICA          155

FIGURE 52         NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET SNAPSHOT        156

12.2.1    RECESSION IMPACT      157

FIGURE 53         NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2024 157

TABLE 84           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)            158

TABLE 85           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            158

TABLE 86           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2019–2023 (USD MILLION)   158

TABLE 87           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024–2029 (USD MILLION)   158

TABLE 88           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2019–2023 (USD MILLION)      159

TABLE 89           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024–2029 (USD MILLION)      159

TABLE 90           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2019–2023 (USD MILLION) 159

TABLE 91           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024–2029 (USD MILLION) 159

TABLE 92           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION)          160

TABLE 93           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION)          160

TABLE 94           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)       160

TABLE 95           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)       161

TABLE 96           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (KT)             161

TABLE 97           NORTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (KT)             161

12.2.2    US         162

12.2.2.1 Well-established agricultural sector to drive market     162

TABLE 98           US: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)     162

TABLE 99           US: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)     163

12.2.3    CANADA            163

12.2.3.1 Significant agricultural export market to drive demand for biopesticides  163

FIGURE 54         AVERAGE PERCENTAGE OF FIELD CROP AREAS RECEIVING DIFFERENT TYPES OF PESTICIDES IN MANITOBA IN 2021           164

TABLE 100         CANADA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          164

TABLE 101         CANADA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          164

12.2.4    MEXICO             165

12.2.4.1 Government emphasis on wider application of crop protection chemicals to drive demand 165

FIGURE 55         MEXICAN CROP PRODUCTION (FIVE YEAR AVERAGE 2019–2023)    165

TABLE 102         MEXICO: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          166

TABLE 103         MEXICO: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          166

12.3       EUROPE             166

12.3.1    RECESSION IMPACT      167

FIGURE 56         EUROPEAN CROP PROTECTION CHEMICALS MARKET: RECESSION IMPACT ANALYSIS, 2024      168

TABLE 104         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)    168

TABLE 105         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    168

TABLE 106         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2019–2023 (USD MILLION)        169

TABLE 107         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024–2029 (USD MILLION)        169

TABLE 108         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2019–2023 (USD MILLION)          169

TABLE 109         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024–2029 (USD MILLION)          169

TABLE 110         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2019–2023 (USD MILLION)     170

TABLE 111         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024–2029 (USD MILLION)     170

TABLE 112         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION)             170

TABLE 113         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION)             171

TABLE 114         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          171

TABLE 115         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          171

TABLE 116         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (KT) 172

TABLE 117         EUROPE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (KT) 172

12.3.2    FRANCE             172

12.3.2.1 Shift toward biopesticides to drive market      172

TABLE 118         FRANCE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          173

TABLE 119         FRANCE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          173

12.3.3    GERMANY         173

12.3.3.1 Investment by major players in production of sustainable crop protection chemicals to drive market  173

TABLE 120        GERMANY: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          174

TABLE 121        GERMANY: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          174

12.3.4    SPAIN   175

12.3.4.1 Partnership between organizations for biopesticides development to drive market              175

TABLE 122         SPAIN: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          175

TABLE 123         SPAIN: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          175

12.3.5    ITALY   176

12.3.5.1 New product developments and product launches to fuel demand            176

TABLE 124         ITALY: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          176

TABLE 125         ITALY: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          176

12.3.6    UK         177

12.3.6.1 Increase in high-quality agricultural produce to drive demand    177

TABLE 126         UK: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)     177

TABLE 127         UK: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)     177

12.3.7    REST OF EUROPE           178

TABLE 128         REST OF EUROPE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)       178

TABLE 129         REST OF EUROPE: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)       178

12.4       ASIA PACIFIC    179

TABLE 130         KEY CROPS CULTIVATED, BY COUNTRY/REGION          179

FIGURE 57         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET SNAPSHOT        180

12.4.1    RECESSION IMPACT      180

FIGURE 58         ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2024        181

TABLE 131         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)    181

TABLE 132         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    182

TABLE 133         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2019–2023 (USD MILLION)        182

TABLE 134         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024–2029 (USD MILLION)        182

TABLE 135         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2019–2023 (USD MILLION)           182

TABLE 136         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024–2029 (USD MILLION)           183

TABLE 137         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2019–2023 (USD MILLION)      183

TABLE 138         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024–2029 (USD MILLION)      183

TABLE 139         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 184

TABLE 140         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 184

TABLE 141         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)             184

TABLE 142         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)             185

TABLE 143         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (KT)    185

TABLE 144         ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (KT)    185

12.4.2    CHINA  186

12.4.2.1 High pesticide usage due to prevalence of small and fragmented farms to drive demand 186

TABLE 145         CHINA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          186

TABLE 146         CHINA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          187

12.4.3    JAPAN  187

12.4.3.1 Increase in demand for palm oil to drive consumption of herbicides         187

TABLE 147         JAPAN: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          188

TABLE 148         JAPAN: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          188

12.4.4    INDIA   188

12.4.4.1 Cost-effective production and qualified low-cost labor to drive market     188

FIGURE 59         PESTICIDE EXPORTS BY INDIA (2018–2022)        189

FIGURE 60         CONSUMPTION OF CHEMICAL PESTICIDES IN INDIA (2018–2022)    189

TABLE 149         INDIA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          190

TABLE 150         INDIA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          190

12.4.5    AUSTRALIA       190

12.4.5.1 Innovative programs, techniques, and improved crop protection products initiated by chemical manufacturers to drive market    190

TABLE 151         AUSTRALIA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)             191

TABLE 152         AUSTRALIA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)             191

12.4.6    REST OF ASIA PACIFIC  192

TABLE 153         REST OF ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)    192

TABLE 154         REST OF ASIA PACIFIC: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)    192

12.5       SOUTH AMERICA           193

12.5.1    RECESSION IMPACT      193

FIGURE 61         SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2024 194

TABLE 155         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)            194

TABLE 156         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            194

TABLE 157         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2019–2023 (USD MILLION)   195

TABLE 158         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024–2029 (USD MILLION)   195

TABLE 159         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2019–2023 (USD MILLION)      195

TABLE 160         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024–2029 (USD MILLION)      195

TABLE 161         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2019–2023 (USD MILLION) 196

TABLE 162         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024–2029 (USD MILLION) 196

TABLE 163         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION)          196

TABLE 164         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION)          197

TABLE 165         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)       197

TABLE 166         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)       197

TABLE 167         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (KT)             198

TABLE 168         SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (KT)             198

12.5.2    BRAZIL 198

12.5.2.1 High usage and imports of pesticides to drive market   198

TABLE 169         BRAZIL: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          199

TABLE 170         BRAZIL: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          199

12.5.3    ARGENTINA      200

12.5.3.1 Growing demand for regulation on crop protection chemicals to drive biopesticides market          200

TABLE 171         ARGENTINA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)             200

TABLE 172         ARGENTINA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)             201

12.5.4    REST OF SOUTH AMERICA         201

TABLE 173         REST OF SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)    201

TABLE 174         REST OF SOUTH AMERICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)    201

12.6       ROW     202

12.6.1    RECESSION IMPACT      202

FIGURE 62         ROW: RECESSION IMPACT ANALYSIS, 2024         202

TABLE 175         ROW: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION)          203

TABLE 176         ROW: CROP PROTECTION CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION)          203

TABLE 177         ROW: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2019–2023 (USD MILLION)          203

TABLE 178         ROW: CROP PROTECTION CHEMICALS MARKET, BY ORIGIN, 2024–2029 (USD MILLION)          203

TABLE 179         ROW: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2019–2023 (USD MILLION)          204

TABLE 180         ROW: CROP PROTECTION CHEMICALS MARKET, BY FORM, 2024–2029 (USD MILLION)          204

TABLE 181         ROW: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2019–2023 (USD MILLION)           204

TABLE 182         ROW: CROP PROTECTION CHEMICALS MARKET, BY MODE OF APPLICATION, 2024–2029 (USD MILLION)           204

TABLE 183         ROW: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION)             205

TABLE 184         ROW: CROP PROTECTION CHEMICALS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION)             205

TABLE 185         ROW: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          205

TABLE 186         ROW: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          206

TABLE 187         ROW: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (KT) 206

TABLE 188         ROW: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (KT) 206

12.6.2    AFRICA 207

12.6.2.1 Increase in food demand to drive crop protection chemicals market         207

TABLE 189         AFRICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)          207

TABLE 190         AFRICA: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)          207

12.6.3    MIDDLE EAST  208

12.6.3.1 Use of modern irrigation equipment and need for agricultural productivity and efficiency to fuel demand   208

TABLE 191         MIDDLE EAST: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2019–2023 (USD MILLION)             208

TABLE 192         MIDDLE EAST: CROP PROTECTION CHEMICALS MARKET, BY TYPE, 2024–2029 (USD MILLION)             209

13          COMPETITIVE LANDSCAPE       210

13.1       OVERVIEW        210

13.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          210

TABLE 193         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN CROP PROTECTION CHEMICALS MARKET, 2020–2024    211

13.3       REVENUE ANALYSIS      213

FIGURE 63         ANNUAL REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023 (USD BILLION)           213

13.4       MARKET SHARE ANALYSIS, 2023             214

FIGURE 64         CROP PROTECTION CHEMICALS MARKET SHARE, BY KEY COMPANY, 2023             214

TABLE 194         CROP PROTECTION CHEMICALS MARKET: DEGREE OF COMPETITION, 2020–2024          215

13.4.1    MARKET RANKING ANALYSIS   215

FIGURE 65         RANKING OF TOP FIVE PLAYERS IN CROP PROTECTION CHEMICALS MARKET, 2023        215

13.5       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   217

13.5.1    STARS  217

13.5.2    EMERGING LEADERS    217

13.5.3    PERVASIVE PLAYERS     217

13.5.4    PARTICIPANTS 217

FIGURE 66         CROP PROTECTION CHEMICALS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023      218

13.5.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      219

FIGURE 67         CROP PROTECTION CHEMICALS MARKET: COMPANY FOOTPRINT      219

13.5.5.1 Region footprint  220

TABLE 195         CROP PROTECTION CHEMICALS MARKET: REGION FOOTPRINT      220

13.5.5.2 Type footprint     221

TABLE 196         CROP PROTECTION CHEMICALS MARKET: TYPE FOOTPRINT              221

13.5.5.3 Origin footprint   221

TABLE 197         CROP PROTECTION CHEMICALS MARKET: ORIGIN FOOTPRINT      221

13.5.5.4 Form footprint     222

TABLE 198         CROP PROTECTION CHEMICALS MARKET: FORM FOOTPRINT              222

13.6       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          223

13.6.1    PROGRESSIVE COMPANIES       223

13.6.2    RESPONSIVE COMPANIES          223

13.6.3    DYNAMIC COMPANIES 223

13.6.4    STARTING BLOCKS       223

FIGURE 68         CROP PROTECTION CHEMICALS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 224

13.6.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             225

13.6.5.1 Detailed list of key startups/SMEs   225

TABLE 199         CROP PROTECTION CHEMICALS MARKET: KEY STARTUPS/SMES           225

13.6.5.2 Competitive benchmarking of key startups/SMEs        226

TABLE 200         CROP PROTECTION CHEMICALS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023            226

13.7       COMPANY VALUATION AND FINANCIAL METRICS        227

FIGURE 69         COMPANY VALUATION OF FEW MAJOR PLAYERS (USD BILLION)           227

FIGURE 70         EV/EBITDA OF KEY COMPANIES            227

13.8       BRAND/PRODUCT COMPARATIVE ANALYSIS    228

FIGURE 71         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY KEY BRANDS OF CROP PROTECTION CHEMICALS MARKET   228

13.9       COMPETITIVE SCENARIO AND TRENDS             229

13.9.1    PRODUCT LAUNCHES  229

TABLE 201         CROP PROTECTION CHEMICALS MARKET: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2024   229

13.9.2    DEALS  236

TABLE 202         CROP PROTECTION CHEMICALS MARKET: DEALS, JANUARY 2020–JUNE 2024 236

13.9.3    EXPANSIONS    249

TABLE 203         CROP PROTECTION CHEMICALS MARKET: EXPANSIONS, JANUARY 2020–JUNE 2024           249

14          COMPANY PROFILES    251

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*

14.1       KEY PLAYERS   251

14.1.1    BASF SE              251

TABLE 204         BASF SE: COMPANY OVERVIEW 251

FIGURE 72         BASF SE: COMPANY SNAPSHOT 252

TABLE 205         BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252

TABLE 206         BASF SE: PRODUCT LAUNCHES 253

TABLE 207         BASF SE: DEALS 254

TABLE 208         BASF SE: EXPANSIONS  255

14.1.2    BAYER AG          256

TABLE 209         BAYER AG: COMPANY OVERVIEW          256

FIGURE 73         BAYER AG: COMPANY SNAPSHOT          257

TABLE 210         BAYER AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED              257

TABLE 211         BAYER AG: PRODUCT LAUNCHES          258

TABLE 212         BAYER AG: DEALS          259

TABLE 213         BAYER AG: EXPANSIONS            261

14.1.3    FMC CORPORATION     262

TABLE 214         FMC CORPORATION: COMPANY OVERVIEW      262

FIGURE 74         FMC CORPORATION: COMPANY SNAPSHOT     263

TABLE 215         FMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          264

TABLE 216         FMC CORPORATION: PRODUCT LAUNCHES     265

TABLE 217         FMC CORPORATION: DEALS     265

14.1.4    SYNGENTA GROUP       268

TABLE 218         SYNGENTA GROUP: COMPANY OVERVIEW        268

FIGURE 75         SYNGENTA GROUP: COMPANY SNAPSHOT        268

TABLE 219         SYNGENTA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          269

TABLE 220         SYNGENTA GROUP: PRODUCT LAUNCHES        270

TABLE 221         SYNGENTA GROUP: DEALS       271

TABLE 222         SYNGENTA GROUP: EXPANSIONS          273

14.1.5    CORTEVA          274

TABLE 223         CORTEVA: COMPANY OVERVIEW          274

FIGURE 76         CORTEVA: COMPANY SNAPSHOT          275

TABLE 224         CORTEVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              276

TABLE 225         CORTEVA: PRODUCT LAUNCHES          277

TABLE 226         CORTEVA: DEALS          277

14.1.6    UPL      279

TABLE 227         UPL: COMPANY OVERVIEW       279

FIGURE 77         UPL: COMPANY SNAPSHOT       280

TABLE 228         UPL: PRODUCTS/SOLUTIONS/SERVICES OFFERED        280

TABLE 229         UPL: PRODUCT LAUNCHES       281

TABLE 230         UPL: DEALS      282

14.1.7    NUFARM            283

TABLE 231         NUFARM: COMPANY OVERVIEW            283

FIGURE 78         NUFARM: COMPANY SNAPSHOT            284

TABLE 232         NUFARM: PRODUCTS/SOLUTIONS/SERVICES OFFERED              285

TABLE 233         NUFARM: DEALS            286

14.1.8    SUMITOMO CHEMICAL CO., LTD           287

TABLE 234         SUMITOMO CHEMICAL CO., LTD: COMPANY OVERVIEW              287

FIGURE 79         SUMITOMO CHEMICAL CO., LTD: COMPANY SNAPSHOT              288

TABLE 235         SUMITOMO CHEMICAL CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   288

TABLE 236         SUMITOMO CHEMICAL CO., LTD: EXPANSIONS 289

14.1.9    ALBAUGH LLC 290

TABLE 237         ALBAUGH LLC: COMPANY OVERVIEW  290

TABLE 238         ALBAUGH LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED              291

TABLE 239         ALBAUGH LLC: PRODUCT LAUNCHES  292

TABLE 240         ALBAUGH LLC: DEALS  293

TABLE 241         ALBAUGH LLC: EXPANSIONS    294

14.1.10  KOPPERT          295

TABLE 242         KOPPERT: COMPANY OVERVIEW           295

TABLE 243         KOPPERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              295

TABLE 244         KOPPERT: PRODUCT LAUNCHES           296

TABLE 245         KOPPERT: DEALS          296

14.1.11  GOWAN COMPANY       298

TABLE 246         GOWAN COMPANY: COMPANY OVERVIEW        298

TABLE 247         GOWAN COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          298

TABLE 248         GOWN COMPANY: PRODUCT LAUNCHES          299

TABLE 249         GOWAN COMPANY: DEALS       299

TABLE 250         GOWAN COMPANY: EXPANSIONS          300

14.1.12  AMERICAN VANGUARD CORPORATION             301

TABLE 251         AMERICAN VANGUARD CORPORATION: COMPANY OVERVIEW        301

FIGURE 80         AMERICAN VANGUARD CORPORATION: COMPANY SNAPSHOT        301

TABLE 252         AMERICAN VANGUARD CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   302

TABLE 253         AMERICAN VANGUARD CORPORATION: PRODUCT LAUNCHES       303

TABLE 254         AMERICAN VANGUARD CORPORATION: DEALS             303

14.1.13  KUMIAI CHEMICAL INDUSTRY CO., LTD             305

TABLE 255         KUMIAI CHEMICAL INDUSTRY CO., LTD: COMPANY OVERVIEW        305

FIGURE 81         KUMIAI CHEMICAL INDUSTRY CO., LTD: COMPANY SNAPSHOT        305

TABLE 256         KUMIAI CHEMICAL INDUSTRY CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   306

14.1.14  PI INDUSTRIES 307

TABLE 257         PI INDUSTRIES: COMPANY OVERVIEW  307

FIGURE 82         PI INDUSTRIES: COMPANY SNAPSHOT 307

TABLE 258         PI INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED              308

14.1.15  CHR. HANSEN A/S          309

TABLE 259         CHR. HANSEN A/S: COMPANY OVERVIEW          309

FIGURE 83         CHR. HANSEN A/S: COMPANY SNAPSHOT          309

TABLE 260         CHR. HANSEN A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED          310

TABLE 261         CHR. HANSEN A/S: DEALS          310

14.2       OTHER PLAYERS           311

14.2.1    CERTIS USA L.L.C.          311

TABLE 262         CERTIS USA L.L.C.: COMPANY OVERVIEW          311

TABLE 263         CERTIS USA L.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          311

TABLE 264         CERTIS USA L.L.C.: PRODUCT LAUNCHES          313

TABLE 265         CERTIS USA L.L.C.: DEALS          314

TABLE 266         CERTIS USA L.L.C.: OTHERS       314

14.2.2    SIPCAM OXON SPA        315

TABLE 267         SIPCAM OXON SPA: COMPANY OVERVIEW         315

TABLE 268         SIPCAM OXON SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED          315

TABLE 269         SIPCAM OXON SPA: DEALS        316

TABLE 270         SIPCAM OXON SPA: EXPANSIONS           316

14.2.3    BIOBEST GROUP NV      317

TABLE 271         BIOBEST GROUP NV: COMPANY OVERVIEW      317

TABLE 272         BIOBEST GROUP NV: PRODUCTS/SOLUTIONS/SERVICES OFFERED          317

TABLE 273         BIOBEST GROUP NV: PRODUCT LAUNCHES      318

TABLE 274         BIOBEST GROUP NV: DEALS     318

14.2.4    VESTARON CORPORATION       320

TABLE 275         VESTARON CORPORATION: COMPANY OVERVIEW        320

TABLE 276         VESTARON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   320

TABLE 277         VESTARON CORPORATION: PRODUCT LAUNCHES        321

TABLE 278         VESTARON CORPORATION: DEALS       321

14.2.5    BIONEMA          323

TABLE 279         BIONEMA: COMPANY OVERVIEW           323

TABLE 280         BIONEMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              323

TABLE 281         BIONEMA: PRODUCT LAUNCHES           324

TABLE 282         BIONEMA: DEALS          325

14.2.6    WYNCA GROUP 326

TABLE 283         WYNCA GROUP: COMPANY OVERVIEW 326

14.2.7    LIER CHEMICAL CO., LTD          327

TABLE 284         LIER CHEMICAL CO., LTD: COMPANY OVERVIEW           327

14.2.8    HELM AG           328

TABLE 285         HELM AG: COMPANY OVERVIEW           328

14.2.9    JIANGSU YANGNONG CHEMICAL CO., LTD        329

TABLE 286         JIANGSU YANGNONG CHEMICAL CO., LTD: COMPANY OVERVIEW        329

14.2.10  NANJING RED SUN CO., LTD.    330

TABLE 287         NANJING RED SUN CO., LTD.: COMPANY OVERVIEW     330

*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

15          ADJACENT AND RELATED MARKETS     331

15.1       INTRODUCTION            331

TABLE 288         ADJACENT MARKETS TO CROP PROTECTION MARKET 331

15.2       LIMITATIONS   331

15.3       BIOPESTICIDES MARKET           331

15.3.1    MARKET DEFINITION   331

15.3.2    MARKET OVERVIEW     331

TABLE 289         BIOPESTICIDES MARKET, BY MODE OF APPLICATION, 2019–2022 (USD MILLION)     332

TABLE 290         BIOPESTICIDES MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)     332

15.4       AGROCHEMICALS MARKET       333

15.4.1    MARKET DEFINITION   333

15.4.2    MARKET OVERVIEW     333

TABLE 291         AGROCHEMICALS MARKET, BY FERTILIZER TYPE, 2018–2022 (USD MILLION) 334

TABLE 292         AGROCHEMICALS MARKET, BY FERTILIZER TYPE, 2023–2028 (USD MILLION) 334

16          APPENDIX         335

16.1       DISCUSSION GUIDE      335

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             339

16.3       CUSTOMIZATION OPTIONS      341

16.4       RELATED REPORTS       341

16.5       AUTHOR DETAILS         342