Crop Protection Companies in Australia

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The Crop Protection Market in Australia saw a steady growth in the period of 2017-2021, and the market is expected to grow at a robust CAGR in the forecasted period.

Australia Crop Protection Market Overview: The Australia Crop Protection Market is currently at the growth stage owing to the technological innovations in the industry, pest pressures, rising use of bio-based crop solutions, rising demand for bio-pesticides and the adoption of herbicide-resistant crops by farmers as well as government initiatives. The market is consolidated with ~ players owning the majority of the market.

Insecticides Dominate the Crop Protection Market in Australia: One of the major contributors to the nation’s Crop Protection Market in Australia is insecticides. Wheat and Cereals are the major crops grown in the country. Therefore, insecticides are the most commonly used agrochemicals to protect these crops. The Australian government is encouraging the expansion of bio-insecticide goods over conventional pesticide products due to increased environmental harm incidents and organic farming.

Impact of Covid-19 on Australia Crop Protection Market: Australia implemented a nationwide lockdown during the COVID-19 pandemic to prevent the virus’s spread. However, the Federal Minister for Agriculture deemed Australia’s food production and supply chain as an essential service, with assurances that there will be no stoppage in agricultural supply lines, transportation, and logistics despite state-imposed border closures; thus pesticides were continually delivered to farms. As a result, the COVID-19 pandemic did not have a significant impact on the Australian Crop Protection Market.

Crop Yields Depend on Agrochemicals: Among the major cereals grown in Australia which include wheat, barley, oats, canary and triticale, insects such as cutworm, armyworm, mites, heliciverpa, and aphids are commonly known pest species that cause yield loss for these crops. Therefore, insecticides are the most commonly used agrochemicals in cereals and grains in the country. Barley like any other cereals can be damaged by a wide range of insect pests. Aphids are the primary insect pest affecting barley in the northern growing region of Australia. Research has shown that the main impact of aphids in the northern region is through their feeding activity, which reduces barley yields. Therefore, to reduce the infestation of diseases and pest, many farmers in Australia rely on agrochemicals to protect their crop from pests, weeds and diseases.

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 coming five years. In the upcoming 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