The global crop protection chemicals market was valued at USD 64.18 billion in 2024 and is expected to expand from USD 67.18 billion in 2025 to USD 97.01 billion by 2032, registering a CAGR of 5.39% during the forecast period (2025–2032). In the United States, the market is projected to reach approximately USD 11.14 billion by 2032, driven by the rapid adoption of advanced technologies and modern agricultural practices. The Asia Pacific region led the global market in 2024, accounting for a 29.15% share.
The COVID-19 pandemic had a notable but positive impact on global demand, as the market recorded a 2.50% growth in 2020 compared to the average annual growth rate from 2017–2019. The temporary spike in demand was primarily due to the agricultural sector’s recovery efforts and the essential role of crop protection products in ensuring food security. Once pandemic restrictions eased, the market’s growth trajectory returned to its long-term upward trend.
Crop protection products, including herbicides, fungicides, and insecticides, play a critical role in preventing yield losses caused by pests and diseases. According to the Royal Society of Chemistry, more than 800 active chemical ingredients are registered globally for use in crop protection formulations.
In recent years, R&D initiatives have increasingly focused on developing safer, more efficient, and environmentally compatible compounds to replace older chemical variants. Key innovation areas include designing products that are selective to target pests, effective at low application rates, provide broad-spectrum pest control, and comply with stringent global and regional regulatory standards.
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Impact of COVID-19
The pandemic led to severe disruptions across the global economy, with the United Nations World Economic Situation and Prospects report indicating a 3.2% decline in global GDP in 2020—a contraction deeper than the Great Depression. According to the UN Department of Economic and Social Affairs, about 90% of global industries were temporarily halted under lockdowns, resulting in massive supply chain disruptions, changes in consumer behavior, and widespread unemployment.
The agrochemical industry was not immune to these challenges, facing temporary bottlenecks in production, transportation, and raw material supply due to border closures and trade restrictions. However, agricultural operations gradually resumed as nations prioritized food supply security, helping the crop protection sector recover faster than other industries.
Market Segmentation
The global crop protection chemicals market is segmented as follows:
- By Type: Herbicides, Fungicides, Insecticides, and Others
- By Crop Type: Cereals, Fruits & Vegetables, Oilseeds & Pulses, and Others
- By Application: Seed Treatment, Soil Treatment, Foliar Spray, and Other Applications
- By Region: North America, South America, Europe, Asia Pacific, and the Middle East & Africa
Market Drivers and Challenges
The growing emphasis on higher crop productivity is driving the adoption of Integrated Pest Management (IPM) practices globally, which combine biological pest control, pest-resistant crop varieties, and precision farming technologies. For instance, India’s Directorate of Plant Protection recorded productivity increases of 40.14% in rice and 26.63% in cotton following IPM implementation. However, despite a decline in global pest-related yield losses—from 13.6% during the Green Revolution to 10.8% in the early 2000s—the emergence of pesticide-resistant pest species continues to pose a significant challenge, emphasizing the need for innovative and more resilient pest control formulations.
Regional Insights
Asia Pacific, valued at USD 16.54 billion in 2020, continues to lead the market due to its strong agricultural base, growing population, and increasing focus on food security. The region’s growth is further driven by rapid urbanization, technological advancements in farming, and the rising cultivation of high-value crops. Meanwhile, North America and Europe are steadily shifting toward sustainable and eco-friendly agricultural practices, supported by regulatory measures aimed at reducing chemical pesticide use and promoting bio-based crop protection solutions, which has encouraged manufacturers to innovate greener and more targeted formulations.
Competitive Landscape
The crop protection chemicals market is moderately consolidated, characterized by the presence of leading multinational players focusing on strategic partnerships, mergers, acquisitions, and product launches. The industry’s emphasis lies in innovation, sustainable pest control, and the formulation of advanced and low-toxicity compounds.
Key Market Participants Include:
- Rotam CropSciences Ltd. (China)
- UPL Ltd. (India)
- ChemChina (China)
- Corteva, Inc. (United States)
- Syngenta AG (Switzerland)
- Nufarm (Australia)
- Sumitomo Chemical Co., Ltd. (Japan)
- FMC Corporation (United States)
- BASF SE (Germany)
- Bayer CropScience (Germany)
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Recent Developments
- May 2020: FMC Corporation acquired the intellectual property rights and technology for Fluindapyr, an innovative fungicide compound, from Isagro S.p.A. for USD 60 million to enhance its product portfolio.
- March 2020: Corteva Agriscience announced a collaboration with AgPlenus to co-develop next-generation herbicides, strengthening its innovation pipeline and addressing herbicide resistance challenges.
