Crop Protection Chemicals Market Size, Share, Formulation, Crop Type – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the crop protection chemicals market is projected to reach $88 billion by 2031, at a CAGR of 3.3% during the forecast period 2024–2031. The growth of this market is attributed to factors such as the rising demand for low-cost crop protection solutions, the growing need to increase crop yield and quality, growing awareness about environmental safety, increasing adoption of advanced agricultural practices and technologies, and rapidly decreasing agricultural land. However, growing concerns over chemical residues in food and stringent and non-standardized regulations hinder the growth of this market. Moreover, an increasing focus on integrated pest management, the growing adoption of biological seed treatments, and emerging economies in Asia-Pacific and Latin America are expected to generate significant growth opportunities for the stakeholders in the crop protection chemicals market. On the other hand, lengthy product registration and approval processes and the complicated process of developing film coating for seed treatment pose a major challenge to market growth. The latest trends in the crop protection chemicals market are sustainability, bio-based solutions, digitalization, and precision agriculture.