Crop Protection Chemicals Market Research Report Information by Type (Fungicides, Insecticides, Herbicides, and Others), By Crop Type (Cereal & Grains, Fruits & Vegetables, Oilseed & Pulses, and Others), By Mode of Application (Soil Treatment, Seed Treatm

The Crop Protection Chemicals Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.68% from 2024 to 2032. The increasing demand for food security is a result of the expanding population and the growing awareness of crop protection for healthy yields. The agricultural industry is expected to expand during the forecast period as a result of the increasing demand for food and the expanding population. These factors are the primary market drivers that are driving the growth of the crop protection chemicals market.

The global demand for crop protection chemicals is on the rise as a result of the growing necessity for food security. As per the 2020 State of Food Security and Nutrition in the World (SOFI) report, approximately 685 million individuals worldwide experienced hunger in 2019, an 11% increase from 2018. The COVID-19 pandemic is expected to result in an additional 80 million-130 million individuals falling into chronic hunger in 2020, as per the International Food Policy Research Institute. According to the FAO Chief Economist, these alarming findings are due to the unaffordability of healthy diets. He noted that globally, 3 billion people lack the means and access to adequate nutrition.

Market segment insights
Fungicides, insecticides, herbicides, and other types comprise the crop protection chemicals market segmentation.
Cereals and grains, fruits and vegetables, oilseeds and pulses, and other crops comprise the crop protection chemicals market segmentation.
Soil treatment, seed treatment, foliar spray, and other modes of application have been used to segment the crop protection chemicals market data.

Regional Perspectives
The study offers market insights into the crop protection chemicals market in North America, Europe, Asia-Pacific, and the Rest of the World by region. It is anticipated that the Asia-Pacific crop protection chemicals market will experience a substantial CAGR development during the study period. The region's population growth has led to a decrease in arable land and an increase in food demand. Consequently, producers have been utilizing crop protection products and fertilizers to enhance the yields of their crops.

The second-largest market share is attributed to the agricultural protection chemicals market in Europe. Crop protection chemicals are in high demand in Europe due to a variety of factors, such as the expanding agricultural sector, enhanced farming practices, and heightened awareness of healthy dining. The demand for increased crop yields and production efficacy is on the rise due to the shrinking farmlands and the increasing population. Additionally, the UK Crop Protection Chemicals market was the fastest-growing market in the European region, while the Germany Crop Protection Chemicals market held the greatest market share.

The crop protection chemicals market in Latin America is anticipated to experience the most rapid rate of growth. Agriculture is responsible for half of the GDP in Central and South America, including Argentina, Bolivia, Belize, Haiti, Dominica, Paraguay, and Ecuador, as a result of the extensive cultivation of soybeans, pulses, and sugarcane, which necessitate crop protection pesticides.

Major Players
BASF SE (Germany), Valent US (US), The Dow Chemical Company (US), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Adama Agricultural Solutions Ltd. (Israel), NufarmLimited (Australia), Verdesian Lifesciences (US), FMC Corporation (US), Bioworks Inc. (US), Bayer CropScience AG (Germany), Dupont (US), Sumitomo Chemical Co. Ltd (Japan), and Syngenta AG (Switzerland) are among the major players in the market.