Quick Summary:
In an industry where safeguarding crop yield and quality is paramount, understanding the changing dynamics of the global pesticides market is critical for every key player and investor. This report offers up-to-date insights on market trends, major players, and potential growth areas which are instrumental to shaping prudent, profitable decisions. With pivotal companies like Syngenta, Bayer AG, BASF SE, Dow DuPont Inc., and FMC Corporation leading the charge, this market is poised for significant growth, driven in part by increased pesticide use.
The report highlights current applications and types of pesticides—herbicides, fungicides, and insecticides, sharing valuable insights on their varied uses, from grains and cereals to commercial crops. With Asia-Pacific leading as the largest region in the pesticides market in 2021, it is evident that the geographical expansion of the market is crucial. Further, the role of innovation, as illustrated by FMC Corporation's recent product 'Corprima', is underscored, showing the direction of future market movements and opportunities. This comprehensive report is your guide to navigating the evolving landscape of the global pesticides market.
The global pesticides market is expected to grow from $78.16 billion in 2021 to $85.11 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The pesticides market is expected to grow to $105.39 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%.
The pesticide manufacturing market consists of the sales of pesticides by entities (organizations, sole traders, or partnerships) that formulate and prepare agricultural and household pest control chemicals (except fertilizers). The pesticide and other agricultural chemical industries comprise establishments that primarily engage in the formulation and preparation of agricultural and household pest control chemicals.
The main types of pesticides are herbicides, fungicides, and insecticides. Insecticides refer to the substances which are used to kill insects. The origin includes synthetic insecticides and bio-insecticides. The various applications involved are grains and cereals, oilseed, commercial crops, fruits and vegetables, and other crop types. The various insect pest types include sucking pest and biting and chewing pest.
Asia-Pacific was the largest region in the pesticides market in 2021. The regions covered in pesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increasing use of pesticides is expected to propel the growth of the pesticides market going forward. Pesticides are chemicals or substances used to kill, repel, or control certain forms of plant or animal life that are considered to be pests. For instance, according to Springer, a Switzerland-based publication website, in 2019, throughout the globe approximately 2 million tonnes of pesticides was utilized, out of which 47.5% are herbicides, 29.5% are insecticides, 17.5% are fungicides and 5.5% are other pesticides. Therefore, the increasing use of herbicides is driving the growth of the pesticides market.
New innovative products are a key trend gaining popularity in the pesticides market. Major companies operating in the market are focused on new innovative products to sustain their market share. For instance, in March 2022, FMC Corporation, a US-based chemical manufacturing company, launched 'Corprima,' a new pesticide for Tomato & Okra Crops. Corprima has been shown to provide farmers with higher returns on investment by providing longer-lasting pest control and improved flower and fruit retention, resulting in larger, higher-quality harvests.
In January 2020, Crystal Crop Protection, an India-based agrichemicals company acquired Dursban, Predator, and Nurelle-D from Corteva for an undisclosed amount. The acquisition would add value to Crystal's business and ensure growth for all its stakeholders. Dursban, Predator, and Nurelle-D are US-based companies that manufacture insecticides and pesticides.
The countries covered in the pesticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.
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Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 85.11 Billion |
Forecasted Market Value ( USD | $ 105.39 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
Table of Contents
Executive Summary
Pesticides Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global Pesticides market.This report focuses on Pesticides market which is experiencing strong growth. The report gives a guide to the Motors And Generators market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Description:
Where is the largest and fastest growing market for the Pesticides? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Pesticides market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Pesticides market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The Pesticides market section of the report gives context. It compares the Pesticides market with other segments of the Pesticides market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, Pesticides indicators comparison.
Scope
Markets Covered:
1) By Type: Herbicides; Fungicides; Insecticides2) By Origin: Synthetic Insecticides; Bio-insecticides
3) By Application: Grains and Cereals, Oilseed, Commercial Crops, Fruits and Vegetables; Other Crop Types
4) Insect Pest Type: Sucking Pest; Biting and Chewing Pest
Companies Mentioned: Syngenta; Bayer AG;BASF SE;Dow DuPont Inc.; FMC Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Syngenta
- Bayer AG;BASF SE;Dow DuPont Inc.;FMC Corporation;LG Chem ltd;Sumitomo Chemical Co ltd;Wacker Chemie AG;Arkema SA;Kuraray Co Ltd;Jiangsu Huifeng Agrochemical Co;.Nutrichem Company Limited;Shandong Weifang Rainbow Chemical Co.;Sichuan Leshan Fuhua Tongda Agro-Chemical Technology Co.;Nanjing Red Sun Co.;PI Industries;Sharda CropDhanuka;AgritecMonsanto India.;Sumitomo Chemical.;Kumiai chemical;Nufarm;UKHockley International;Interfarm (UK) Ltd;Monsanto;UPL;Astranova Tarim Ticaret Ve San. A.S.;Menta Co. Ltd., and Ag-Chem AfricaChema IndustriesJubaili Agrotec ltd.
Methodology
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