Oilseed Crop Protection Chemicals Market size is estimated to be USD 5.2 Billion in 2024 and is expected to reach USD 8.9 Billion by 2033 at a CAGR of 6.1% from 2026 to 2033.
South Korea's oilseed crop protection chemicals market is experiencing significant growth, driven by the need to enhance agricultural productivity and ensure food security. The market is projected to exhibit a compound annual growth rate (CAGR) of 6.27% during the forecast period of 2025 to 2033.
In South Korea, oilseeds such as soybeans play a crucial role in the agricultural sector. However, these crops are susceptible to various pests, diseases, and weeds that can significantly reduce yields. To combat these challenges, farmers rely heavily on crop protection chemicals, including herbicides, insecticides, and fungicides. Among these, herbicides constitute the largest portion of pesticide consumption, reflecting the importance of effective weed control in oilseed cultivation.
The limited arable land in South Korea, accounting for less than 22% of the country's total area, necessitates maximizing crop productivity per unit area. This constraint has led to an increased reliance on crop protection chemicals to optimize yields. The government's robust policies further support agricultural productivity. For instance, in January 2024, the government announced a USD 230 million increase in the agricultural direct payment system budget, totaling USD 2.30 billion. This initiative encourages farmers to diversify crops and optimize land use, potentially increasing the use of crop protection chemicals as they adopt new crops with different pest management requirements.
Despite the growth prospects, the market faces challenges such as increasing pest and weed resistance to traditional crop protection agents, environmental concerns regarding chemical runoff and soil contamination, and heightened regulatory scrutiny. These factors are prompting a shift towards sustainable agriculture practices, including the development and adoption of biopesticides and integrated pest management (IPM) techniques. The emphasis on environmental responsibility is encouraging innovations and expanding the market for eco-friendly crop protection options.
Key players in the South Korean crop protection chemicals market include Syngenta, Bayer Korea Ltd., UPL, Adama Korea Co., Ltd., and Farm Hannong. These companies are actively involved in research and development to produce cutting-edge crop protection products with new chemical compounds and formulations offering higher efficacy and reduced environmental impact.
In conclusion, the South Korean oilseed crop protection chemicals market is poised for substantial growth, driven by the need for enhanced agricultural productivity, government support, and the adoption of sustainable farming practices. However, addressing challenges related to pest resistance, environmental concerns, and regulatory scrutiny will be crucial for the market's sustainable development.
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ADAMA
Arysta LifeScience North America
Bayer AG
Dow
FMC Corporation
Isagro Group
ISHIHARA SANGYO KAISHA
Nufarm
Syngenta Group
Valent BioSciences Corporation
The Andersons
Nissan Chemical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Oilseed Crop Protection Chemicals Market
Herbicides
Pesticides
Fungicides
Insecticides
Adjuvants
Systemic Action
Contact Action
Translaminar Action
Residual Action
Rapeseed
Sunflower
Soybean
Peanut
Others
Liquid
Granular
Powder
Suspension Concentrate
Emulsifiable Concentrate
Direct Sales
Distributors
E-commerce
Retailers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Oilseed Crop Protection Chemicals Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Oilseed Crop Protection Chemicals Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Oilseed Crop Protection Chemicals Market, By Type
6. South Korea Oilseed Crop Protection Chemicals Market, By Application
7. South Korea Oilseed Crop Protection Chemicals Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Oilseed Crop Protection Chemicals Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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