24/07/24
Data Insights Look to the Future of Crop Protection
Kynetec’s Dr Nomman Ahmed recently presented “Development Trends and Prospects of the Global Agrochemical Market” at the 2024 China Pesticide Exporting Workshop (CPEW) in Hangzhou, China.
Quote
The global crop protection market is dynamic as ever. Presenting at CPEW allowed us to share the latest trends and market drivers, as well as market dynamics and industry analysis with upstream clients and highlight opportunities for them in the micro-downstream segment of the market (the farmer). The event is an excellent opportunity to showcase and share industry knowledge with a diverse group of decision makers in the agrochemical space and also gain crucial insights from their sourcing perspective.
Dr Ahmed, Executive Director, Global Practice Advanced Analytics & sigma
Key takeaways from the session include:
Global Crop Protection Trends and Market Drivers
- Future growth prospects: crop protection market forecasts indicate shorter recovery time and a growth momentum post 2024, mainly driven by a halt to the price declines that have been observed for the last 15 months
- Regional outlook (APAC, LATAM, EMEA, North America): CAGR growth/decline regional variation +5% to -1%
- Market drivers: commodity prices projected to trend lower for all major crops over the next decade. Nomman also shared the impact of crop area projections & productivity; oil, ethanol & fertilizer prices; freight index; agricultural policy; GMO adoption as market drivers
Trade, price and off-patent market dynamics
- Herbicide import prices down high single digit, followed by insecticide and fungicides with unit prices down between -2% and 8% for key import markets
- China leads the way in herbicide exports, albeit at 2021 levels
- Multiple active ingredients due to come off patent by 2029; price pressure for commoditized chemistry expected to grow
Industry analysis
- Top 9 industry players accounted for US$75 billion in sales in 2022, this figure is down by -6% in 2023
- Global performance in 2024 shows the key global 5 and other key players’ performance continued to decline in Q1, however price improvements on crop protection products show promise for a recovery, given other market fundamentals like area and volumes are more or less stable
- One reason for the drop is cautious farmer purchasing behavior and persistently high channel inventories
Opportunities
- Biological crop protection market value boom coming into focus, yet important to understand that to deliver on its promise, the farmer adoption triggers will have to be watched closely
- RNA based crop protection products growth expected to pick up
- Formulation tech: Liquid and Granule formulation growth has been positive, also driven by uptick in drone-based spraying. New formulation types present opportunities for the wider industry, upstream to downstream
For further insight into the global crop protection market, contact
Dr Nomman Ahmed
News
The latest from Kynetec
10/10/24
Kynetec insight supports Bayer’s Farmer Voice campaign
Read more
16/09/24
UK Livestock Farmer Panels Give Insight on Bluetongue Vaccine
Read more
12/08/24
Kynetec Appoints Peter Berweger Chief Executive Officer
Read more
30/07/24
Farmers give “peas a chance”
Read more
29/07/24
Sharing the latest 2024 market insights for the Australian machinery sector
Read more
24/07/24
Data Insights Look to the Future of Crop Protection
Read more
30/04/24
Kynetec Secures Two-Year Contract to Conduct the Rentenbank Agrarbarometer Study in Germany
Read more
27/04/24
Kynetec supports campaign recognizing the dedication of the veterinary profession
Read more
26/04/24
Kynetec’s André Dias shares exclusive insights in his presentation “Brazilian Biological Market Biocontrol” to attendees of the BioAgTech World Congress
Read more
25/04/24
We’re finalists in the BOBI Awards 2024!
Read more
15/03/24
The 2024 winners of the UK Vet Media Advertising, Best New Product and Support Team of the Year Awards are…
Read more
13/03/24
CACW24: Strategic Insights in Agrochemicals: Long-term trends for informed investment decisions
Read more
08/03/24
BIOEX 2024: Data and Insights on FarmTrak Biologicals: Brazil market overview
Read more
15/12/23
Season of goodwill, supporting industry charities in every region of the world
Read more
09/11/23
Bioinputs market moves $827 million in Brazil
Read more
19/10/23
The World and European Seed Market – a sneak preview from new data collection and analysis
Read more
16/10/23
Kynetec presents an ‘Overview of the Brazilian and World Bioinputs Market’ at the Bioinputs in Agro Forum, São Paulo.
Read more
02/10/23
Expanding our global animal health data coverage through the acquisition of CM Research
Read more
20/09/23
Navigating the rapidly evolving crop protection sector with the power of predictive analytics
Read more
08/09/23
Kynetec projects future opportunities and challenges in ag chem at the International Trade Forum, China
Read more
05/09/23
Sharing the latest 2023 machinery market insights for the New Zealand Tractor and Machinery Association
Read more
07/08/23
Brazilian pesticide market reaches US$20 billion in 2022-23
Read more
03/08/23
Australian agricultural machinery - tracking 2023
Read more
27/07/23
MachineryTrak interactive online platform: The only single source insight into Ag machinery registrations, dealer network coverage and agronomic practices.
Read more
26/07/23
New crop protection and seed data-driven platform enables commercial teams to better plan, target and track sales
Read more
29/06/23
Farmer-driven insights into global regenerative ag practices available via RegenTrak online platform
Read more
12/06/23
Expansion of global machinery data and analytics capabilities with the acquisition of Systematics International Ltd
Read more
06/06/23
Bullish or bearish: top 10 things you need to know to make future thinking decisions
Read more
01/06/23
Kynetec adds to its data and analytics capabilities with the acquisition of MQ Solutions in Brazil
Read more
19/04/23
Expand the farmer reach of your brand with social media and key influencers
Read more
27/03/23
The 2023 winner of the UK Veterinary/Animal Health Media Advertising Award is…
Read more
03/03/23
We’re committed to Diversity, Equity and Inclusion
Read more
19/01/23
Kynetec is again proud to be sponsoring the UK Veterinary Marketing Association Award
Read more
18/01/23
Insights on the use of herbicides and insecticides by US cotton growers
Read more
16/01/23
Animal Health Insights - Investing in people and technology
Read more
06/01/23
Plant breeding technology supporting more sustainable food production
Read more
16/12/22
The season of goodwill as we support industry initiatives around the world
Read more
22/09/22
New Zealand tractor sales up 17% in the first seven months 2022
Read more
08/09/22
Vadim Dolt appointed as Kynetec’s Chief Technology Officer
Read more
18/08/22
Colin Siren appointed as Kynetec’s Chief Operating Officer for Animal Health data analytics and insights
Read more
20/07/22
Australian agricultural machinery sales booming
Read more
18/07/22
Kynetec and Spark combine to create the leading provider of agribusiness data analytics and market insights in Brazil
Read more
04/07/22
Kynetec strengthens machinery data analytics in Australia
Read more
04/07/22
Announcing the launch of FarmTrak Cross-Sales - providing insights on the impact of the seed company on the crop protection market
Read more
16/06/22
How has the recent weather impacted farmers’ cropping decisions in the US and Canada?
Read more
23/05/22
How will non-agricultural sectors manage weed control if glyphosate is banned in Europe?
Read more
17/05/22
Proud to be a farmer
Read more
05/05/22
An in-depth overview of the soybean market in LATAM
Read more
22/03/22
The 2022 winner of the UK Veterinary/Animal Health Media Advertising Award is…
Read more
21/03/22
Analyze and monitor customer acquisition with PetTrak France from Kynetec
Read more
07/03/22
Paul Walker joins Kynetec as Chief Operating Officer for crop market and customer insights
Read more
03/02/22
Announcing the launch of FarmTrak Digital Agriculture – providing insights on use of digital agriculture in Japan
Read more
25/01/22
As US Central Banks telegraph raising interest rates to fight inflation, farm debt nears all-time highs
Read more
15/12/21
Kynetec’s sustainability performance ranked by EcoVadis to be in top 8% of all companies rated, and in the top 3% within the market research industry
Read more
14/12/21
Supporting charities in every region of the world
Read more
16/09/21
French veterinarians can now benchmark their business performance through a new PanelVet portal
Read more
13/07/21
The agricultural sector, providing security during periods of uncertainty
Read more
21/06/21
Kynetec sponsors UK Veterinary Marketing Association award
Read more
17/06/21
Latest insights from CropTrak China show increasing importance of soybean in the crop protection market
Read more
22/03/21
Announcing our new investment partner, Paine Schwartz Partners
Read more
12/03/21
Daniel Wirth appointed CEO of Kynetec and the Kleffmann Group
Read more
27/11/20
Latest insights on the use of digital tools by French livestock farmers for farm management, reproduction, nutrition and health
Read more
25/08/20
Latest CropTrak China findings show rice and horticulture crops dominating China crop protection market
Read more
18/08/20
Kynetec's Maria McWhorter interviewed about Covid's impact on agriculture
Read more
16/08/20
Kynetec announces sigma CP prospectus for Harvest Year 2019
Read more
21/07/20
COVID-19 Impact on agriculture survey shows farm advisors' creativity in meeting farmers' needs
Read more
14/07/20
Latest COVID-19 impact on Agriculture study shows farmers’ resiliency
Read more
06/05/20
Companion animal vet sentiment survey provides insights on impact of COVID-19 crisis
Read more
24/03/20
Impact of devastating bushfires on Australian agriculture
Read more
04/03/20
Kynetec designated with Fair Data Accreditation from Market Research Society
Read more
19/12/19
Cabbage Stem Flea Beetle causing damage to UK oilseed rape crop
Read more
18/12/19
Providing sponsorship to chili growers in Uganda, enabling them to reach their market potential
Read more
27/11/19
Announcing the merger of the Kleffmann Group Market Research and Kynetec
Read more
18/04/19
Kynetec Sponsors UK Veterinary Marketing Association award
Read more
28/03/19
Kynetec strengthens market insight and data analytics expertize in Australia with the acquisition of Neil Clark & Associates
Read more
14/03/19
Creating opportunities for low residue products and alternative pest/disease management in ASEAN region, according to CACW 2019
Read more
20/12/18
Supporting working animals through donation to SPANA
Read more
04/12/18
Kynetec wins MRS award for MyKynetec online content delivery platform
Read more
19/09/18
Kynetec adds senior leadership in Europe
Read more
07/06/18
Kamlesh Punjabi to lead Kynetec's subscription research team in India
Read more
19/04/18
Proposed UK payment reforms won’t benefit farmers, according to agronomist poll
Read more
08/03/18
Seed treatment market – strong roots and growing future
Read more
03/01/18
Kynetec sponsors Veterinary Marketing Association award
Read more
03/01/18
Supporting our industry through donating to Farm Africa
Read more
11/10/17
Kynetec acquires additional custom research expertize from Market Probe
Read more
28/09/17
Nomman Ahmed joins Kynetec as Senior Director of Insights & Consulting
Read more
09/11/16
Kynetec acquires Agriculture and Animal Health sectors of Ipsos North America
Read more
02/05/16
Announcing Kynetec - A global leader in market research for Animal Health and Agriculture
Read more