Most Awaited Q3 Sale is back. Upto 30% discount on every report.

New Crop Protection Generics Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 29
SKU : AG573
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents

Global New Crop Protection Generics Market is segmented By Type (Herbicide, Fungicide, Insecticide, Insect Growth Regulators), By Crop Type (Grains & Cereals, Oilseeds & Pulses, Fruits, Nuts, and vegetables, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

New Crop Protection Generics Market Overview

The Global New Crop Protection Generics Market is expected to grow at a high CAGR during the forecasting period (2023-2030).

  • Generic crop protection chemicals are manufactured and sold by a company other than the original manufacturer but contain the same Active Ingredient.
  • They are also known as off-patent products meaning their original patent has expired.

 

New Crop Protection Generics Market Scope

Metrics

Details

CAGR

 High

Size Available for Years

2021-2030

Forecast Period

2023-2030

Data Availability

Value (USD ) 

Segments Covered

By Type, By Crop Type and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Largest Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

For More Insights about the Market Request Free Sample

 

New Crop Protection Generics Market Dynamics

  • Generic pesticides account for almost 60% of the global crop protection market. Generic products tend to be similar to branded products.
  • They too require EPA registration. Generic crop protection products derive their appeal primarily from their lower prices. Using generic crop protection products can save pesticide expenses by 50%.
  • The decrease in farmers’ income has resulted in a significant increase in the use of generic products. Regarding performance, they are comparable to branded products, so farmers are increasingly using generic products.
  • Companies with proprietary technology often argue about inferior ingredients & the performance of generic products. Brand loyalty and misinformation regarding generic products have been a restraint to the market.
  • Multiple products going off-patent is a massive opportunity for the market. Products worth USD 3.7 billion have already gone off-patent over Calendar-year 2015-17. 
  • Products going off-patent are expected to create USD 3 billion opportunities for the generics Industry from 2017 to 2020. The products whose patents have expired but have high demand will boost the market.
  • The principal products which have gone off-patent in the last three years are Fluoxastrobin, Pyraclostrobin, Prothioconazole, Metalaxyl-M, Foramsulfuron, Penoxsulam.

New Crop Protection Generics Industry Outlook

  • The New Crop Protection Generics market is segmented by Type and crop type. By Type, the market is divided into Herbicide, Fungicide, Insecticide, and Plant Growth regulators.
  • The herbicide is expected to be the fastest-growing segment due to a large number of herbicide products going off-patent in the next few years.
  • During 2018-22, Pinoxaden, Aminopyralid, Tembotrione these herbicides with global sales of almost 950 million USD are going off-patent. Other herbicides which will go off-patent during the forecast period include Amino-pyralid, Fluopicolide, Flucetosulfuron.
  • Insecticides such as Flubendiamide, Spirotetramat with combined global sales of almost 595 million USD will go off-patent during the forecast period.
  • Fungicide products that will go off-patent during the forecast period are Amisulbrom, Fenpyrazamine, Fluopicolide, etc.

New Crop Protection Generics Market Regional Share

  • By region, the New Crop Protection Generics market is segmented into Asia Pacific, Europe, North America, South America, and the Rest of the World. Low-income countries, as well as countries that lack farm subsidies or proper minimum support price systems, are seeing a considerable increase in generic products to save costs.
  • Indian crop protection industry is dominated by generic products with more than 80% of molecules being non-patented. China is also a massive producer of generic pesticide products.
  • The market in each country is also heavily dependent on the government's attitude towards patent laws and generic products. In June 2017, China implemented a program to reduce generic pesticides.

New Crop Protection Generics Companies

  • The Global New Crop Protection Generics market consists of a large number of local manufacturers as well as a few global players. Nufarm Limited, ADAMA Agricultural Solutions, United Phosphorus Ltd, Cheminova dominate the market. Superior network dealers and distributors have helped them outperform local manufacturers.
  • Other prominent players include Albaugh, LLC, Sipcam Agro USA, Inc, Willowood USA LLC, Rotam Agrochemical Company Limited, Atticus LLC, and AMVAC Chemical Corp.
  • Generic Crop Protection Manufacturer Atticus Acquired Tacoma Ag in June 2018 to expand its product portfolio.
Buy this report
Single User
$4350$3480
Multiple User
$4850$3880
Enterprise User
$7850$6280
Proceed to Buy
Request new version
FAQ’s
Who are the Major key players in New Crop Protection Generics Market?
Major players are Nufarm Limited, ADAMA Agricultural Solutions, United Phosphorus Ltd, Cheminova, Albaugh LLC, Sipcam Agro USA Inc, Willowood USA LLC and Rotam Agrochemical Company Limited.
Which segment is expected to grow the fastest in the New Crop Protection Generics market ?
The herbicide segment is projected to be the fastest-growing due to a large number of herbicide products going off-patent in the next few years.
Related Reports
agriculture

Oilseed Crop Protection Chemicals Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2022 August 23
Starting from

$4350

agriculture

Crop Protection Chemicals Market Share Analysis, Demand, Growth, Industry, Market Forecast (2023-2030)

Published: 2023 August 29
Starting from

$4350

agriculture

Smart Agriculture Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 30
Starting from

$4350

agriculture

Plant Phenotyping Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 March 17
Starting from

$4350

agriculture

Crop Monitoring Devices Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 July 24
Starting from

$4350

agriculture

Vertical Farming Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 April 10
Starting from

$4350