Meticulous Research®—a leading global market research company, published a research report titled, ‘Europe Crop Protection Chemicals Market by Type (Synthetic [Herbicides, Insecticides], Biological [Bioinsecticides, Bioherbicides]), Formulation (Liquid, Solid), Mode of Application (Seed Treatment, Soil Treatment), Crop Type - Forecast to 2030.’
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The Europe crop protection chemicals market is expected to reach $15.53 billion by 2030, at a CAGR of 4.9% from 2023 to 2030, while in terms of volume, the market is expected to reach 1,407,501.1 tons by 2030, at a CAGR of 3.5% from 2023 to 2030. The growth of this market is driven by the increasing need to increase crop yield and quality, growing organic farming and demand for organic food, rising awareness of environmental safety, and rapidly decreasing agricultural land. Furthermore, an increasing focus on integrated pest management and the growing adoption of biological seed treatments are expected to provide significant growth opportunities for players operating in this market. However, growing concerns over chemical residues in food and stringent and non-standardized regulations hinder the growth of this market. On the other hand, the lengthy product registration and approval process is the key challenge of this market.
Key Players:
The key players operating in the Europe crop protection chemicals market include BASF SE (Germany), Bayer AG (Germany), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia), Syngenta AG (A Part of China National Chemical Corporation/Chemchina) (Switzerland), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), ADAMA Agricultural Solutions Ltd. (Israel), and Isagro S.p.A. (Italy).
The Europe crop protection chemicals market study presents historical market data in terms of value & volume (2021 and 2022), estimated current data (2023), and forecasts for 2030. This market is segmented by type, formulation, mode of application, crop type, and country.
Based on type, the Europe crop protection chemicals market is segmented into synthetic chemicals and biological chemicals. In 2023, the synthetic chemicals segment is expected to account for the larger share of the Europe crop protection chemicals market. The large market share of this segment is attributed to its increasing use in developing countries, ease of availability, high efficiency, and lower cost than biological products.
However, the biological chemicals segment is projected to witness significant growth during the forecast period of 2023–2030. The rapid growth of this segment is mainly driven by the increasing adoption of organic farming, growing environmental and public health concerns regarding the use of chemical crop protection products, high demand for chemical residue-free agricultural products, and the initiatives by governments worldwide to promote the use of biological crop protection products.
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Based on formulation, the Europe crop protection chemicals market is segmented into liquid formulation and dry formulation. In 2023, the liquid formulation segment is expected to account for the larger share of the Europe crop protection chemicals market. The large market share of this segment is attributed to the uniform & easy application of liquid form, better performance, and higher effective duration (up to 6 months) than dry form (up to 3 months).
Moreover, it is also expected to witness significant growth during the forecast period. The growth of this segment is driven by the increased importance of the latest irrigation technologies, such as drip irrigation and sprinkler irrigation, with a reduction in blockage.
Based on mode of application, the Europe crop protection chemicals market is segmented into foliar spray, seed treatment, soil treatment, and other modes of application. In 2023, the foliar spray segment is expected to account for the largest share of the Europe crop protection chemicals market. The large market share of this segment is attributed to the high efficiency in the application, uniform distribution of chemicals, and minimum to no wastage of crop protection chemicals in the foliar spray mode of application.
However, the seed treatment segment is projected to witness significant growth during the forecast period of 2023–2030. The rapid growth of this segment is mainly driven by the increased germination and uniform seedling emergence, safety, and pest resistance advantages with the use of the seed treatment technique. In this method, microbial pesticides are often applied with chemical pesticides, as chemical pesticides provide early-season control, and microbial pesticides provide extended control.
Based on crop type, the Europe crop protection chemicals market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. In 2023, the fruits & vegetables segment is expected to account for the largest share of the Europe crop protection chemicals market. The large market share of this segment is attributed to the growing urbanization and increased adoption of healthy lifestyles, growing demand for organic fruits & vegetables over conventional ones, and the rising number of diseases affecting fruit & vegetable crops.
Based on country, in 2023, Spain is expected to account for the largest share of the Europe crop protection chemicals market. Spain's major market share is attributed to the growing demand for food with the growing population, increasing adoption of precision farming practices, huge organic farmland and growing demand for organic food, and rising government support for biological crop protection chemicals.
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Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of type, formulation, mode of application, crop type, and geography?
• What is the historical market size for crop protection chemicals across Europe?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the Europe crop protection chemicals market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
• What is the competitive landscape for the Europe crop protection chemicals market?
• What are the different strategies adopted by the major players in the Europe crop protection chemicals market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the Europe crop protection chemicals market, and how do they compete with other players?
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