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.’
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.
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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 mode 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.
Key Players:
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the Europe crop protection chemicals market between 2020 and 2023. The key players profiled in this Europe crop protection chemicals market study are 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 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.
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