Crop Protection Chemicals Market Growth, Size, Share, Demand, Trends and Forecasts to 2027
The global crop protection chemical market size is estimated to reach USD 73.94 billion till 2027. This
information is provided by Fortune Business Insights™, in its report, titled, “Crop Protection Chemical
Market, 2020-2027.” As per the report, the market stood at USD 55.73 billion in 2019 and is further
expected to showcase a stellar CAGR of 4.50% in the upcoming years. The key producers in the market are
mainly focusing on the R&D of upgraded molecular chemicals for plants, as the already available ones are
suspected to be outdated.
As per the Royal Society of Chemicals, new segments of chemicals are introduced under the category of
herbicides, pesticides, insecticides, and fungicides. Approximately, 800 active chemical ingredients are
recorded as solutions for crop protection around the globe.
The agriculture sector suffered when the pandemic hit the world. It has majorly affected the processes that
involved producing and distributing agrochemicals, importing raw materials, and manufacturing end
products. As China is the prominent producer of pesticides and active ingredients, the lockdown affected the
production in Chinese factories and resulted in an enormous shortage of crop protection chemicals in the
The report provides a thorough study of the market segments and a detailed analysis of the market
overview. A profound evaluation of the current market trends as well as the future opportunities is
presented in the report. It further shares an in-depth analysis of the regional insights and how they shape
the market growth. The COVID-19 impacts have been added to the report to help investors and business
owners understand the threats better. The report sheds light on the key players and their prominent
strategies to stay in the leading position.
Based on type, the global crop protection chemical market is segmented into herbicides, insecticides,