Crop Protection Chemicals Market Size

Crop Protection Chemicals Market size was over USD 97 Billion in 2023 and is poised to reach USD 125 Billion by the end of 2036, growing at around 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of crop protection chemicals is evaluated at USD 100 Billion.

The main reason behind the expansion of the crop protection chemicals market share is the increasing requirement to regulate and maintain pests, diseases, and weeds that can adversely influence crop cultivation and quality. As stated in the United States Department of Agriculture’s (UNDOA) research, annually, bugs cause 20% to 40% of the world's crop yield to be lost. Every year, pests including weeds, plant diseases, and insects ruin more than 40% of the potential food supply globally.