Australia Crop Protection Market is expected to grow at a robust CAGR, owing to the rising demand for bio-pesticides and the adoption of herbicide-resistant crops by farmers: Ken Research

Australia Crop Protection Market is in the growing stage, owing to the pest pressures, rising use of bio-based crop solutions, rising demand for bio-pesticides and the adoption of herbicide-resistant crops by farmers. The Crop Protection Industry in Australia is consolidated with key players such as Syngenta AG, Bayer AG, Corteva AgriScience, BASF SE, United Phosphorus Ltd etc.

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Key Market Findings:

Australia Crop Protection Market was valued at USD ~ in 2021 and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% during the forecast period (2022-2027F).
New product launches, mergers and acquisition, and partnerships are the major strategies adopted by the leading companies in the market. These companies are also focusing on investing in innovations, collaborations, and expansions in order to increase their market share.

Rise in Adoption of Bio-pesticides: Bio-pesticides generally only impact the target pest and other organisms that are closely related to it, as opposed to regular synthetic pesticides, which can also be damaging to other organisms. Therefore, they are inherently less toxic than standard synthetic pesticides. Although the bio-pesticide segment only contributed a small fraction of the revenue earned by the crop protection industry, it is anticipated to grow significantly in Australia over the course of the projected period. These factors increase the appeal of bio-based products among Australian farmers who engage in sustainable farming. During the forecasted period, the crop protection market in the area is likely to be driven by the need for such goods. With the rising demand for bio-pesticides, most major crop protection companies are developing and marketing products containing non-synthetic ingredients derived from plants, microbes, or minerals.

Sugarcane Sector contributing to the Australia Crop Protection Market: Sugarcane was the highest produced crop in Australia in 2021. Along with wheat and cotton, sugarcane is one of the most popular and widely cultivated plants in the region. However, the production of sugarcane is often restricted by dangerous diseases, such as red rot, sour rot, and rust. In Australia, the sugarcane industry makes extensive use of pesticides to avoid or reduce losses caused by such circumstances. Products from several companies, including Syngenta and Bayer, are largely intended to control these diseases. Use of crop protection chemicals is crucial to maintain sugarcane production growth. The Australia Crop Protection Market will therefore be driven by demand from sugarcane growers during the course of the projected period.

Analysts at Ken Research in their latest publication “Australia Crop Protection Market Outlook to 2027F – By Origin (synthetic, bio-based), By Type (herbicides, insecticides, fungicides, nematicides, molluscicides and others), By Application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and others)” observed that Australia Crop Protection Market is expected to showcase considerable growth in the upcoming five years. In these years, it is predicted to expand more rapidly due to increase in demand for bio-pesticides and the adoption of herbicide-resistant crops by farmers. The Crop Protection Market in Australia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

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Key Segments Covered in the report

By Origin