The global pesticides market size is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. Pesticides are chemicals that are used to kill insects and weeds. Herbicides, insecticides, termiticides, nematicides, molluscicides, piscicides, avicides, rodenticides, fungicides, and other pesticides are all included in the term, pesticide. To preserve crops from deterioration during storage and transportation, pesticides are administered before or after harvest. Pesticides are sold by companies that manufacture and supply agricultural and domestic pest control chemicals in the pesticides manufacturing industry (except fertilizers). The pesticide and other agricultural chemical industry consists of businesses that specialize in the development and manufacture of agricultural and domestic pest control chemicals. Pesticides improve farm produce, storage, and distribution, hence the pesticides market is projected to grow over the forecast period.
Attributes | Details |
Report Title | Pesticides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Types (Bio pesticides, Synthetic Pesticides, and Others) Crop Types (Vegetables & Fruits, Oilseeds and Pulses, Cereals & Grains, Commercial Crops, Plantation Crops, Turf & Ornamentals, and others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Syngenta, Bayer AG, BASF SE, Dow , FMC Corporation, Sumitomo Chemical Co., Ltd, Wacker Chemie AG, UPL, Jubaili Agrotec , and Aimco Pesticides LTD. |
The report on the global pesticides market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Based on types, the pesticides market is segmented into bio pesticides, synthetic pesticides, and others. The synthetic pesticides segment is expected to account for a considerable share of the pesticides market. Many biopesticides have various mechanisms of action, including as mating disruption, antifeeding, suffocation, and desiccation, whereas most synthetic pesticides are neurotoxic to pests. Reduced cultivable land, rising food demand, high adoption of genetically modified (GM) crops, and acceptance of innovative agricultural practices all contribute to the use of synthetic pesticides.
Based on crop types, the pesticides market is segmented into vegetables & fruits oilseeds and pulses, cereals & grains, commercial crops, plantation crops, turf & ornamentals, and others. The pesticides market is projected to be dominated by the cereals and grains segment. Pesticide use in grain production increased as a result of rising need for food security, as well as the onset of climate change and the possibility of increased drought. Several global organizations launched initiatives to raise awareness about the use of pesticides in grain production among farmers. The United Nations launched a project in Lesotho called "Strengthening the capacity of smallholder farmers, extension staff, and agro-dealers on judicious use of herbicides".
In terms of regions, the global pesticides market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. During the forecast period, the market in Asia Pacific is expected to drive the global pesticides market. Developing economies such as China and India are concentrating their efforts on improving crop productivity and efficiency in rural areas, due to tremendous growth potential of crops in the region. Climate variability in Asia Pacific allowed for the development of a diverse range of crops, which is projected to benefit the agricultural industry over the projection period. Wheat, rice, and vegetables are major exports from Asia Pacific. Significant demand for pesticides persists in this region, hence crop-based pesticides are projected to drive the pesticide market in Asia Pacific.
Segments Covered in the Report:
By Types
Key players in the global pesticides market are Syngenta, Bayer AG, BASF SE, Dow , FMC Corporation, Sumitomo Chemical Co., Ltd, Wacker Chemie AG, UPL, Jubaili Agrotec , and Aimco Pesticides LTD. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Segments Covered in the Report:
By Types
Key players in the global pesticides market are Syngenta, Bayer AG, BASF SE, Dow , FMC Corporation, Sumitomo Chemical Co., Ltd, Wacker Chemie AG, UPL, Jubaili Agrotec , and Aimco Pesticides LTD. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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