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The global crop protection chemicals market was valued at US$ 53.21 Billion in 2020.
The growing need to maximize agricultural productivity with increasing food demand represents one of the key factors driving the global crop protection chemicals market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the globe resulting in the temporary shutdown of numerous production facilities and supply chain disruptions of crop protection chemicals.
Based on the product type, the global crop protection chemicals market has been divided into herbicides, fungicides, insecticides, and others. Currently, herbicides hold the largest market share.
Based on the origin, the global crop protection chemicals market can be segregated into synthetic crop protection chemicals and natural crop protection chemicals, where synthetic crop protection chemicals hold the majority of the market share.
Based on the crop type, the global crop protection chemicals market has been bifurcated into cereal and grains, oilseed and pulses, fruits and vegetables, and others. Among these, cereals and grains exhibit a clear dominance in the market.
Based on mode of application, the global crop protection chemicals market can be categorized into foliar spray, seed treatment, soil treatment, and others. Currently, foliar spray holds the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global crop protection chemicals market include BASF SE, DowDuPont, Sumitomo Chemical Co., Ltd, Syngenta AG, Bayer Cropscience AG, FMC Corporation, Monsanto Company, Nufarm Limited, and ADAMA Agricultural Solutions Ltd.
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