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

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

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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.