Crop Protection Chemicals Market Size, Share, and Forecast by 2032
The global crop protection chemicals market was valued at USD 64.18 billion in 2024 and is projected to expand from USD 67.18 billion in 2025 to approximately USD 97.01 billion by 2032, registering a CAGR of 5.39% during the forecast period (2025–2032). The United States market is expected to reach nearly USD 11.14 billion by 2032, driven by the rapid adoption of advanced agricultural technologies and modernized farming practices. In 2024, the Asia Pacific region led the global market, accounting for 29.15% of total revenue.
The COVID-19 pandemic had a temporary yet overall positive influence on the crop protection chemicals industry. In 2020, global demand for these products rose by 2.50%, surpassing the average annual growth rate recorded between 2017 and 2019. This growth reflected the resilience of the agricultural sector and the crucial role of crop protection inputs in maintaining global food supply chains. Following the easing of pandemic-related restrictions, the market regained its long-term growth momentum.
During the height of the pandemic, the United Nations World Economic Situation and Prospects Report documented a 3.2% contraction in global GDP, a decline greater than that witnessed during the Great Depression. Nearly 90% of industries worldwide experienced production stoppages, supply chain disruptions, and changes in consumption behavior. Although the agrochemical sector also faced production and transportation challenges due to border closures, it recovered relatively quickly as governments prioritized food production and the continuity of essential agricultural operations.
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Market Dynamics Significance of Crop Protection Chemicals Crop protection chemicals—including herbicides, fungicides, and insecticides—play a pivotal role in minimizing yield losses caused by pests, weeds, and plant diseases. According to the Royal Society of Chemistry, more than 800 active chemical ingredients are currently registered for use in crop protection formulations globally. Recent R&D initiatives have focused on developing environmentally sustainable and efficient formulations to replace older, high-toxicity chemicals. Innovations in this area emphasize target-specific performance, reduced application rates, broad-spectrum control, and compliance with evolving regulatory frameworks worldwide.
Market Segmentation The global crop protection chemicals market is segmented by type into herbicides, fungicides, insecticides, and others. Based on crop type, the market includes cereals, fruits and vegetables, oilseeds and pulses, and other crops. By application, it is categorized into seed treatment, soil treatment, foliar spray, and other applications. Regionally, the market is divided into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.
Market Drivers and Challenges The growing need to enhance agricultural productivity has accelerated the adoption of Integrated Pest Management (IPM) systems, which combine biological control, resistant crop varieties, and precision agriculture to minimize chemical dependency. For instance, India’s Directorate of Plant Protection reported productivity improvements of 40.14% in rice and 26.63% in cotton following IPM implementation.
Although global pest-induced yield losses have declined—from 13.6% during the Green Revolution era to 10.8% in the early 2000s—the emergence of pesticide-resistant pest species remains a key concern. This trend underscores the urgent need for innovative and sustainable pest management technologies.
Regional Insights The Asia Pacific region, valued at USD 16.54 billion in 2020, continues to dominate the global landscape, supported by its vast agricultural base, growing population, and increasing focus on food security. Rising urbanization, advances in agri-tech, and the cultivation of high-value crops further boost regional demand. In North America and Europe, there is a strong movement toward sustainable agriculture, driven by stringent regulatory policies that limit the use of synthetic pesticides and promote bio-based alternatives. This shift has encouraged manufacturers to invest heavily in green chemistry and biological pest control innovations to meet consumer and regulatory expectations.
Competitive Landscape The global crop protection chemicals industry is moderately consolidated, with leading multinational corporations pursuing strategic collaborations, acquisitions, and new product launches. Companies are increasingly focusing on developing low-toxicity, environmentally friendly, and precision-based solutions to strengthen their market presence and align with sustainability goals.
Major Players in the Market 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 purchased the intellectual property and technology rights for Fluindapyr, a novel fungicide, from Isagro S.p.A. for USD 60 million, strengthening its fungicide product portfolio. March 2020: Corteva Agriscience partnered with AgPlenus to co-develop next-generation herbicides, addressing the growing issue of herbicide resistance and enhancing its innovation pipeline.