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Crop Protection Chemicals Market Share

Report ID: GMI6831
Published Date: Aug 2024
Report Format: PDF

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Crop Protection Chemicals Market Share

Based on sources, the market is segmented into Synthetic and Natural categories. The Synthetic segment witnessed a dominant market share of around 80% in 2023 and is expected to reach around 81% by 2032. Synthetic chemicals are often favored for their quick and reliable pest control. Farmers demand effective solutions to protect their crops from pests, diseases, and weeds. Synthetic chemicals continue to dominate, driven by their proven efficacy and widespread availability.

However, there is a growing trend towards natural sources, driven by increasing consumer and regulatory demand for sustainable and eco-friendly alternatives. Natural pesticides and bio-based products are gaining momentum due to their perceived safety and reduced environmental impact. This trend is supported by advancements in biotechnology and formulation techniques that enhance the effectiveness of natural compounds. Market dynamics vary by region, influenced by regulatory frameworks and consumer preferences, with opportunities for innovation and market growth in both synthetic and natural segments.

Crop Protection Chemicals Market Companies

Top companies operating in the crop protection chemicals industry include:

Nippon Paper Industries Co., Ltd.
Stora Enso
South African Pulp & Paper Industries
Mondi plc
ITC Limited
Smurfit Kappa Group
Oji Holding Corporation
International Paper Group
Svenska Cellulosa Aktiebolaget

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size for crop protection chemicals was valued at USD 91.4 billion in 2023 and is estimated to register 4.2% CAGR between 2024 and 2032, driven by the strong need to control and manage pests and diseases.

The herbicides segment in the crop protection chemicals market recorded USD 36.5 billion in 2023 and will grow rapidly through 2032, driven by the need to control weeds.

North America market will record 4.2% CAGR between 2024 and 2032, owing to the wide variety of pests and diseases that affect crops.

Nippon Paper Industries Co., Ltd., Stora Enso, South African Pulp & Paper Industries. Mondi plc, ITC Limited, Smurfit Kappa Group, and Oji Holding Corporation among others.