The oilseed crop protection chemicals sector is expected to increase from US$5.2bn in 2024 to US$8.9bn by 2033 due to rising demand for high-yield crops, pest control needs and sustainable farming, according to new research by DataM Intelligence reported by EIN Presswire.
With the United Nations (UN) forecasting a rise in the global population to approximately 9.7bn by 2050, the demand for oilseed crops was expected to rise significantly, the “Oilseed Crop Protection Chemicals Market” report said.
Increased demand was primarily driven by the need for edible oils, protein-rich animal feeds and biofuels, EIN Presswire wrote on 6 December.
Consequently, the crop protection chemicals market was poised for a projected compound annual growth rate (CAGR) of around 5.3% from 2022-2028, as reported by various industry sources.
“The oilseed crop protection chemicals market is expanding as farmers increasingly rely on advanced pesticides and herbicides to boost yields, protect crops from pests and meet global food demand,” DataM Intelligence was quoted as saying.
According to the report, market growth drivers include:
- A rise in global demand for vegetable oils and protein meals.
- Increasing pest, disease and weed pressure in oilseed farming.
- Expanding hectarage under oilseed cultivation globally.
- A need for yield stability and enhanced productivity.
- Regulatory and quality demands for consistent crop quality.
- Technological advancements in crop-protection formulations.
- Rising adoption of intensive and mechanised farming practices.
- Growth of downstream industries in edible oils, animal feed and biofuels increasing demand for oilseeds.
According to the report, soyabeans – with a 60% market share worth US$3.12bn – is the world’s largest oilseed by area and production and consequently consumes the majority of oilseed crop-protection chemicals.
Canola/rapeseed was the second largest oilseed segment in many regions (Europe, Canada and China), with significant fungicide and herbicide use (20% market share worth US$1.04bn).
As the global sunflower planted area was smaller than soyabeans/canola, so its share of protection chemicals was smaller (10% worth US$0.52bn) but notable where it was grown intensively.
Although other oilseeds — such as peanut, cottonseed and sesame — were geographically important, they collectively accounted for a smaller global share (10% worth US$0.52bn) of oilseed protection spending.
The report also provided regional insights on specific regions including Latin America/South America, North America and Asia-Pacific.
According to the report, the Latin America/South America region has a 37% share of the market, with the former – specifically Brazil and Argentina – the largest regional consumer of oilseed crop-protection chemicals as it produces the bulk of global soyabeans and other oilseeds, uses intensive crop protection for high-yield row crops and frequently applies seed treatments and foliar protection at scale.
Several market reports had identified South America/Latin America as the leading regional market for crop protection overall, and this effect was stronger for oilseeds, the report said.
North America’s 25% share was driven by extensive soyabean acreage, high per-hectare input use (herbicides, insecticides and fungicides), advanced seed treatment adoption and strong distribution channels for agrichemicals, according to the report.
Some reports placed North America (mainly the USA and Canada) as the dominant region for overall crop protection; although for oilseeds the share was slightly lower than South America but still substantial.
Asia-Pacific’s 20% share reflected major oilseed producers (India and China) and growing application intensity in specific markets, the report said.
While per-hectare input use could be lower than in the Americas, the region’s large planted area and increasing adoption of modern crop-protection products gave it a mid-teens to mid-twenties percent share in oilseed crop protection revenues.
According to the report, the global oilseed crop protection chemicals market is highly fragmented owing to the presence of a large number of players, including ADAMA, Arysta LifeScience Corporation, Bayer, FMC Corporation and Nufarm.
The report concluded that the sector was expanding steadily driven by rising global oilseed cultivation, increasing pest and disease pressures, and the need for higher crop yields.
Growing adoption of precision agriculture, improved chemical formulations and integrated pest-management practices further supported market growth across key producing regions worldwide, the report said.
The report also covered mergers and acquisitions within the sector, such as Bayer’s acquisition of camelina germplasm and intellectual-property assets from Smart Earth Camelina Corp on 9 January 2025.
