The Latest Crop Protection Industry Statistics Explained
The global crop protection market size was valued at USD 57.8 billion in 2019.
The statistic that the global crop protection market size was valued at USD 57.8 billion in 2019 represents the total monetary value of the market for products used to protect crops from pests, diseases, and weeds on a worldwide scale during that year. This figure indicates the significant economic importance and size of the crop protection industry, which plays a crucial role in ensuring food security and agricultural productivity. The market size reflects the total revenue generated from the sale of various crop protection products such as pesticides, herbicides, and fungicides, highlighting the substantial investment and spending in this sector by farmers, agricultural companies, and governments around the world in efforts to safeguard and enhance crop yields.
The crop protection market is expected to grow at a CAGR of 4.1% from 2020 to 2027.
The statistic indicates that the crop protection market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.1% between the years 2020 and 2027. This means that the market for crop protection products such as pesticides, herbicides, and fungicides is expected to increase at a steady rate of 4.1% per year over the specified time period. The CAGR provides a more accurate representation of the market’s growth trajectory compared to simple annual growth rates, as it accounts for the compounding effect over multiple years. This projection suggests a positive outlook for the crop protection industry, with increasing demand for products aimed at safeguarding crop health and enhancing agricultural productivity.
Asia Pacific was the largest market for crop protection chemicals in 2019, accounting for over 25% of global share.
The statistic indicates that in 2019, the Asia Pacific region held the largest market share in the global crop protection chemicals industry, contributing to over a quarter of the total market. This suggests that Asia Pacific countries were significant consumers of crop protection chemicals for agricultural purposes, such as pesticides and herbicides. The high market share can reflect the region’s large agricultural sector, increasing demand for crop protection chemicals to improve productivity and manage pests effectively. This statistic highlights the importance of the Asia Pacific region in the global agricultural market and signifies its significant role in the use of crop protection chemicals to support crop yields and food production.
Herbicides made up the largest category of crop protection products in 2019 accounting for over 45% of global sales.
The statistic indicates that herbicides were the dominant category within crop protection products in 2019, comprising more than 45% of the total global sales in that market. This suggests that herbicides were in high demand and widely used by farmers and agricultural industries for controlling weeds and ensuring successful crop growth. The significant share of global sales attributed to herbicides highlights their importance in modern agriculture and underscores their role in supporting crop yields and overall food production worldwide.
The sales of pesticides increased by 4.7% on global scale in the period between 2018 and 2019.
The statistic indicates that the global sales of pesticides experienced a 4.7% increase from 2018 to 2019. This suggests that there was a notable growth in the demand for pesticides worldwide during this time frame. The rise in pesticide sales could be attributed to various factors such as increasing agricultural activities, pest infestations, or changes in farming practices. This statistic highlights the significance of pesticides in modern agriculture and underscores the ongoing need for effective pest control solutions to ensure food security and crop protection on a global scale.
The top 8 global agrochemical companies in crop protection market accounted for around 79% of the total sales in 2019.
This statistic indicates that in 2019, the top 8 global agrochemical companies held a dominant position in the crop protection market, collectively representing approximately 79% of the total sales in this industry. This concentration of market share suggests a high level of consolidation and a significant degree of influence wielded by these major players in shaping the dynamics of the agrochemical sector. It highlights the competitive landscape of the industry and the reliance of the market on a handful of key players for the majority of product sales and market impact. Additionally, it underscores the challenges faced by smaller companies or new entrants in competing with these established industry leaders.
Crop protection chemicals demand in Brazil was 902 kilotons in 2019.
The statistic ‘Crop protection chemicals demand in Brazil was 902 kilotons in 2019’ indicates the total amount of crop protection chemicals, including pesticides and fungicides, that were consumed or utilized in Brazil during the year 2019. This metric represents the volume of chemicals that farmers and agricultural professionals applied to crops to protect them from pests, diseases, and weeds. The figure of 902 kilotons reflects the significant scale of agricultural activities in Brazil and points to the importance of using such chemicals to ensure crop health and yield. Monitoring and analyzing trends in crop protection chemical demand can provide insights into agricultural practices, environmental impact, and economic dynamics within the Brazilian agricultural sector.
Synthetic pesticides dominate the crop protection industry, constituting about 96% of all pesticides used.
The statistic that synthetic pesticides dominate the crop protection industry, constituting about 96% of all pesticides used, highlights the overwhelming reliance on chemically synthesized pesticides for safeguarding agricultural crops. This suggests that the vast majority of crop protection products in use are artificial chemicals designed to control pests and diseases, reflecting the prevailing approach to agricultural pest management. While synthetic pesticides have proven effective in increasing crop yields and ensuring food security, concerns have been raised regarding their potential negative impacts on human health, the environment, and wildlife. As such, there is an ongoing emphasis on exploring and promoting sustainable alternatives to synthetic pesticides to address these concerns and achieve a more environmentally friendly and sustainable approach to crop protection.
The biodegradable pesticides market is expected to grow at the highest rate between 2020 and 2025.
This statistic indicates that the biodegradable pesticides market is projected to experience the most significant growth rate compared to other sectors within the time frame of 2020 to 2025. This growth suggests a strong demand for environmentally friendly pesticide products that are designed to degrade naturally and minimize harm to ecosystems. Factors driving this anticipated growth may include increasing awareness of the environmental impacts of traditional pesticides, stricter regulations on chemical pesticides, and a shift towards sustainable agricultural practices. This trend highlights a potential shift in the agricultural industry towards more sustainable and eco-friendly solutions, offering opportunities for businesses operating in the biodegradable pesticides market to capitalize on this growing demand.
The crop protection industry in India has grown at 12% CAGR in the last five years.
The statistic that the crop protection industry in India has grown at a 12% compound annual growth rate (CAGR) over the past five years indicates that the industry has experienced significant and consistent growth over that period. A CAGR of 12% suggests a strong upward trend in the industry’s performance, reflecting increased demand for crop protection products and services in the Indian market. This growth rate is substantial and demonstrates the industry’s resilience and potential for further expansion in the coming years, making it an attractive sector for investment and business development.
The biopesticides market is predicted to grow 15% annually through 2025.
The statistic suggests that the biopesticides market is expected to experience a significant growth rate of 15% per year up to the year 2025. This implies a strong positive trend and increasing demand for biopesticides, which are derived from natural materials such as plants, microbes, and minerals and are considered environmentally friendly alternatives to traditional chemical pesticides. The projected growth rate indicates a growing awareness and adoption of sustainable agricultural practices, as well as regulatory pressures to reduce the use of synthetic chemicals in agriculture. This forecast highlights the potential opportunities for businesses operating in the biopesticides industry, as well as the potential benefits for the environment and human health in the years to come.
The crop protection market in Asia-Pacific is expected to reach a market value of USD 32.91 billion by 2026.
The statistic indicates that the crop protection market in the Asia-Pacific region is projected to grow significantly, reaching a market value of USD 32.91 billion by the year 2026. This growth forecast suggests an increasing demand for crop protection products and services in the agricultural sector within the Asia-Pacific market over the next few years. Factors such as population growth, changing dietary preferences, and the need for higher crop yields to meet food security requirements may be driving this anticipated market expansion. The data highlights the potential opportunities for companies operating in the crop protection industry to tap into this growing market and adapt their strategies to meet the evolving needs of farmers and agricultural stakeholders in the region.
The European crop protection market is expected to register a CAGR of 2.4% during the forecast period 2020-2025.
The statement indicates that the European crop protection market is projected to experience a Compound Annual Growth Rate (CAGR) of 2.4% over the forecast period spanning from 2020 to 2025. A CAGR of 2.4% implies that the market is expected to grow steadily at an average annual rate of 2.4% during this period. This growth rate reflects the anticipated increase in demand for crop protection products in Europe, driven by factors such as population growth, changing consumer preferences, technological advancements in agriculture, and evolving regulatory landscape. The forecast suggests that the market is likely to expand gradually over the next five years, presenting potential opportunities and challenges for businesses operating in the European crop protection sector.
The global market for agricultural biotechnology, a key component of crop protection, reached $39.4 billion in 2020.
The statistic that the global market for agricultural biotechnology, a key component of crop protection, reached $39.4 billion in 2020 indicates the significant economic value and growth of the agricultural biotechnology sector. This figure highlights the increasing adoption and investment in biotechnological solutions in agriculture to enhance crop productivity, resilience, and sustainability. The market size suggests a growing demand for innovative biotech products and technologies that can help address food security challenges, improve crop yields, and mitigate the impact of environmental factors on agriculture. Overall, the statistic underscores the importance and potential of agricultural biotechnology in shaping the future of global food production and security.
References
0. – https://www.www.agropages.com
1. – https://www.www.mordorintelligence.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.bccresearch.com
