Asia Pacific Crop Protection Chemicals Market Size

Asia Pacific Crop Protection Chemicals Market Analysis

The Asia Pacific Crop Protection Chemicals Market size is estimated at 24.27 billion USD in 2024, and is expected to reach 30.33 billion USD by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).

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24.27 Billion

Market Size in 2024 (USD)

30.33 Billion

Market Size in 2029 (USD)

5.23 %

CAGR (2017-2023)

4.56 %

CAGR (2024-2029)

Largest Segment By Function

50.52 %

value share, Insecticide, 2023

Growing crop losses by insect pests in major crops, like rice and wheat by brown plant hopper, aphids, caterpillars, and other insect pests, is boosting the insecticide market.

Fastest-growing Segment by Function

6.12 %

Projected CAGR, Herbicide, 2024-2029

The rise in damages caused by annual broadleaf and perennial grass weeds in the region and problems associated with other weed-handling methods are increasing herbicide usage.

Largest Segment by Crop Type

52.60 %

value share, Grains & Cereals, 2023

Increasing crop losses by fungal diseases, insect pests, and weeds, coupled with the need to meet rising domestic and international demands, are driving the adoption of crop protection chemicals in these crops.

Largest Segment by Country

25.56 %

value share, Indonesia, 2023

The government is promoting precision agriculture to boost its GDP, as agriculture plays a significant role in the country's economy. This move will drive the crop protection chemicals market.

Leading Market Player

9.78 %

market share, Syngenta Group, 2022

Syngenta invests more in expanding its product portfolio by adding new products like Victrato, Nelvium, and Evicent, resulting in the growth of company strength in the market.

Dominance of insecticides and herbicides in the Asia-Pacific market due to a rise in pest and weed attacks

The market is growing due to the rising consumption of pesticides to protect crops from pests, diseases, and weeds

Asia Pacific Crop Protection Chemicals Industry Segmentation

Fungicide, Herbicide, Insecticide, Molluscicide, Nematicide are covered as segments by Function. Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Australia, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.

• Agriculture in Asia-Pacific is diverse and plays a significant role in the economies of many countries. The region has a wide range of climates, from tropical to temperate, and is known for the cultivation of rice, soybeans, wheat, and various fruits and vegetables. In 2022, Asia-Pacific occupied a share of 16.3% by value of the global crop protection chemicals market.
• The use of pesticides in order to achieve better yields is encouraged by the increasing demand for food crops due to population growth in the region. At the same time, technological advancements have changed the way farming is done, and new technologies in pest control are benefiting crops and farmers a great deal.
• Insecticides occupied the highest share of 39.2% in the Asia-Pacific crop protection chemicals market. Rice is the major crop cultivated across many regional countries. However, it is also susceptible to various pests, which have led to severe damage to the crop and, subsequently, its yield.
• Herbicides occupied the second-largest share of 34.6% by value in 2022. Weed attacks in staple, commercial, and horticultural crops pose a significant challenge to the region's agricultural productivity. As there is a significant contribution by the fruit industry to the region's economic growth, fruit weeds cause substantial economic damage. Amaranthus retroflexus (Redroot pigweed) and Echinochloa crus-galli (Barnyard grass) are the most common weeds in the regional fruit industry.
• Increased concerns for food security and various market developments have facilitated the efficient and sustainable production of food by farmers while minimizing the impact of pests on their crops. This has driven the market, which is anticipated to register a CAGR of 4.8% during the forecast period (2023-2029).