Europe Crop Protection Chemicals Market to Grow with a CAGR of 4.82% through 2029
Surge in research and development activities is expected to drive the Europe
Crop Protection Chemicals Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Europe Crop
Protection Chemicals Market – By Country, Competition, Forecast and
Opportunities, 2019-2029F”, the Europe Crop Protection Chemicals Market stood
at USD 17.66 billion in 2023 and is anticipated to grow with a CAGR of 4.82% in
the forecast period, 2024-2029. The REACH Regulation is a comprehensive law governing all chemical substances, including pesticides, sold in the EU market. Its purpose is to guarantee elevated levels of protection for both human health and the environment. Also, it encourages the exploration and adoption of safer chemical options, while also advocating for alternatives to animal testing.
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In February 2024, the Horizon Europe initiative SAGROPIA was successfully launched, heralding the commencement of a promising five-year collaborative endeavor focused on research and innovation in sustainable crop protection. With a budget allocation of USD 6.38 million, SAGROPIA, which includes Rovensa Next among its consortium of 10 partners, aims to reduce chemical pesticide usage by 50% in potato and sugar beet cultivation.
Centered on biocontrol methods for combating plant pests and diseases, the project is aligned with objectives for fostering sustainable farming systems and promoting inclusive, healthy food systems. Its overarching goal is to facilitate climate-neutral, resilient farming practices, offering safe and sustainable solutions while mitigating ecosystem pressures and fostering biodiversity. SAGROPIA aims to contribute to climate mitigation efforts, thereby advancing Sustainable Development Goals through the promotion of inclusive and healthy food systems.
The SAGROPIA consortium comprises leading research institutions and prominent agroindustry firms, including Rovensa Next, from eight countries (seven within the EU and the USA), with leadership provided by the EU-funding consultancy, RTDS Association. The primary aim of this collaborative effort is to develop and implement innovative and comprehensive Integrated Pest Management (IPM) strategies. These strategies will undergo rigorous testing in participatory field trials involving growers, with assessments conducted to evaluate their environmental, social, and economic sustainability.
The Europe Crop
Protection Chemicals Market is segmented into type, mode of application, country distribution, and company.
Based on its type, the fungicides segment held the largest
share in the market. Europe's engagement in international trade agreements and partnerships can impact the utilization of fungicides in farming practices. Adherence to trade agreements typically involves meeting particular phytosanitary standards and regulations concerning pest and disease management. Fungicides might be employed to meet these criteria, allowing European agriculturalists to enter foreign markets and uphold competitiveness in the global trade arena.
Based on country, Germany segment is expected to grow
during the forecast period.
Germany leads in the adoption of biotechnological methods for crop protection, encompassing genetically modified (GM) crops and biotechnology-derived traits aimed at resisting pests and diseases. These biotech crops, engineered to naturally resist pests and diseases, lessen the necessity for chemical interventions, such as fungicides. German farmers gain advantages from embracing biotechnological solutions, which bolster crop resilience and sustainability.
Major companies operating in Europe Crop Protection
Chemicals Market are:
- BASF Services Europe GmbH
- Dow France S.A.S
- DuPont de Nemours (Belgium) BV
- Syngenta France SAS
- Bayer AG
- Nufarm Europe GmbH
- UPL Europe Limited
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“The Europe Crop Protection Chemicals Market is witnessing notable growth driven by factors such as the adoption of advanced agricultural practices, increasing demand for herbicide-tolerant crops, and ongoing innovations in chemical formulations. With a focus on enhancing crop yields and ensuring food security, stakeholders in the industry are actively investing in research and development to address evolving challenges in pest management and crop protection. This market presents promising opportunities for manufacturers, distributors, and agricultural stakeholders to capitalize on the growing need for sustainable solutions in modern farming practices across Europe,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Europe
Crop Protection Chemicals Market By Type (Herbicides, Insecticides, Fungicides,
Others), By Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment,
Others), By Country, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated
the future growth potential of Europe Crop Protection Chemicals Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Europe Crop Protection Chemicals Market.
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