Crop Protection Chemicals Market Future Prospects
The global crop protection chemicals market size stands at USD 85.1 billion in 2024. This number is expected to increase to USD 126.9 billion by 2032, advancing at a CAGR of 5.0% during 2025–2032. This can be ascribed to the increase in population, food security, limited agricultural land, and surge in the need for enhanced crop production to improve crop yields.
Moreover, the rapidly growing population is creating immense pressure on farmers to enhance the productivity of agricultural farmlands and related installations. Owing to this, advancements in farming technologies, coupled with the use of agrochemicals (such as herbicides, insecticides, and pesticides) and adjuvants, serve as a key solution to this conundrum. Therefore, such factors are expected to propel the demand for these chemicals, in order to improve yields, which, in turn, will benefit the market.