Buzzing around: Growing crop areas planted for biofuel purposes will likely sustain revenue growth
Pesticide manufacturers produce chemical and pesticide products to manage pests and diseases. Through 2023, volatility from downstream markets has reduced purchases of pesticides, limiting the industry's growth. Alongside demand, industry revenue is forecast to decline at a CAGR of 1.0% to $16.8 billion, including a 1.2% decrease in 2023 alone.
Operators in this industry manufacture household and agricultural pest control chemicals. Industry products include pesticides and agricultural chemical products, such as herbicides, insecticides, fungicides, insect repellents, sheep dips, fly sprays and flea powders. This industry does not manufacture fertilizers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Syngenta Ag
- UPL Corporation Ltd.
- Bayer Corp
- Corteva Inc.
- Nufarm Ltd
Methodology
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