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Synthetic Pesticide Market By Category, By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 340 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725105
The global synthetic pesticides market was valued at $16.3 billion in 2021, and is projected to reach $27.6 billion by 2031, registering a CAGR of 5.5% from 2022 to 2031.

A synthetic pesticide can be used as a chemical substance, biological agent (such as a virus or bacteria), antimicrobial, and disinfectant to control pests such as insects, plant diseases, bindweed, mollusks, birds, mammals, fish, nematodes (roundworms), and microbes. Synthetic pesticides are widely accessible and last longer than most organics. They contribute to increased crop yield. Organophosphate synthetic pesticides are becoming more popular as they are less toxic to the environment and last longer than organophosphate pesticides.

Growth of the global synthetic pesticides market is majorly attributable to its wide applications in various industries such as fruits & vegetables and turfs & ornamentals. In addition, rise in demand for fruits & vegetables propels the market growth. However, adverse effects of synthetic pesticide on human health and ecosystem are projected to hinder expansion of the market. On the contrary, new product launch and technological advancements is expected to offer ample growth opportunities for the synthetic pesticides market.

The synthetic pesticides market is segmented into category, type, application, and region. On the basis of category, the market is categorized into organophosphate, carbamate, and others. By type, it is categorized into insecticides, fungicides, herbicides, and others. On the basis of application, it is categorized into fruits & vegetables, turfs & ornamentals, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global synthetic pesticides market include Syngenta, BASF, Bayer Crop Science, Corteva Agriscience, FMC corp, ADAMA, UPL Limited, Sumitomo Chemicals, and Nufarm and Aimco Pesticides Ltd.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic pesticide market analysis from 2021 to 2031 to identify the prevailing synthetic pesticide market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the synthetic pesticide market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global synthetic pesticide market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Category

  • Organophosphates
  • Carbamate
  • Others

By Type

  • Insecticides
  • Fungicides
  • Herbicides
  • Others

By Application

  • Fruits and Vegetables
  • Turfs and Ornamentals
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Syngenta AG
  • BASF SE
  • Bayer Crop Science AG
  • Corteva Agriscience
  • FMC Corporation
  • ADAMA Ltd.
  • UPL Limited
  • Sumitomo Chemical Co., Ltd.
  • Nufarm Limited
  • Aimco Pesticides Ltd.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Patent Landscape

CHAPTER 4: SYNTHETIC PESTICIDE MARKET, BY CATEGORY
4.1 Overview
4.1.1 Market size and forecast
4.2 Organophosphates
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Carbamate
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country

CHAPTER 5: SYNTHETIC PESTICIDE MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Insecticides
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Fungicides
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Herbicides
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country

CHAPTER 6: SYNTHETIC PESTICIDE MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Fruits and Vegetables
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Turfs and Ornamentals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country

CHAPTER 7: SYNTHETIC PESTICIDE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Category
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Category
7.2.5.1.3 Market size and forecast, by Type
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Category
7.2.5.2.3 Market size and forecast, by Type
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Category
7.2.5.3.3 Market size and forecast, by Type
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Category
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Category
7.3.5.1.3 Market size and forecast, by Type
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Category
7.3.5.2.3 Market size and forecast, by Type
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 Italy
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Category
7.3.5.3.3 Market size and forecast, by Type
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 Spain
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Category
7.3.5.4.3 Market size and forecast, by Type
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 UK
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Category
7.3.5.5.3 Market size and forecast, by Type
7.3.5.5.4 Market size and forecast, by Application
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Category
7.3.5.6.3 Market size and forecast, by Type
7.3.5.6.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Category
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Category
7.4.5.1.3 Market size and forecast, by Type
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Category
7.4.5.2.3 Market size and forecast, by Type
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Category
7.4.5.3.3 Market size and forecast, by Type
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Category
7.4.5.4.3 Market size and forecast, by Type
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Australia
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Category
7.4.5.5.3 Market size and forecast, by Type
7.4.5.5.4 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Category
7.4.5.6.3 Market size and forecast, by Type
7.4.5.6.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Category
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Category
7.5.5.1.3 Market size and forecast, by Type
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Saudi Arabia
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Category
7.5.5.2.3 Market size and forecast, by Type
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 South Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Category
7.5.5.3.3 Market size and forecast, by Type
7.5.5.3.4 Market size and forecast, by Application
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Category
7.5.5.4.3 Market size and forecast, by Type
7.5.5.4.4 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Syngenta AG
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 BASF SE
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Bayer Crop Science AG
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Corteva Agriscience
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 FMC Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 ADAMA Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 UPL Limited
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sumitomo Chemical Co., Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Nufarm Limited
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Aimco Pesticides Ltd.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Synthetic Pesticide Market,' the synthetic pesticide market size was valued at $16.3 billion in 2021, and is estimated to reach $27.6 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

Synthetic pesticides are insecticides used to kill insects and mites by interfering with nerve conduction, growth, metabolism, digestion, and other processes of the pest. Synthetic pesticides are included in insecticidal soaps and horticultural oils and have wide modes of action, making resistance unlikely to develop. Synthetic insecticides are especially utilized to repel and kill pests in the development of genetically engineered crops.

Growth of the global synthetic pesticide industry is majorly attributable to its wide applications in various industries such as fruits & vegetables and turfs & ornamentals. Synthetic pesticides such as malathion and chlorpyrifos are widely used on all fruits and vegetables, with greater pesticide concentrations in fruits such as peaches, nectarines, cherries, strawberries, grapes, raspberries, pear, and apples. Pesticide residue can be found in vegetables such as potatoes, spinach, bell peppers, and celery. Synthetic pesticides are found in the highest concentrations in kale, collard, and mustard greens, as well as spicy peppers and bell peppers. According to the Environmental Working Group, up to 230 different pesticides or their breakdown products can be found in 70% of conventionally cultivated fruits and vegetables.

However, adverse effects of synthetic pesticide on human health and ecosystem are projected to restrain the synthetic pesticide market growth. Rise in concerns about the negative impact of the use of crop protection chemicals on health has led to a greater interest in sustainable agricultural practices across the world. Synthetic pesticides can have an impact on health, either directly through active components in pesticide formulations or indirectly through pollutants that exist as impurities within active ingredients. Nevertheless, new product launch and technological advancements is anticipated to offer lucrative growth opportunities for the synthetic pesticide market.

The synthetic pesticide market is segmented into category, type, application, and region. On the basis of category, the market is categorized into organophosphate, carbamate, and others. By type, it is categorized into insecticides, fungicides, herbicides, and others. On the basis of application, it is categorized into fruits & vegetables, turfs & ornamentals, and others. Region wise, the synthetic pesticide market share is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global synthetic pesticide market is consolidated in nature with a few players, such as Syngenta, BASF, Bayer Crop Science, Corteva Agriscience, FMC corp, ADAMA, UPL Limited, Sumitomo Chemicals, and Nufarm and Aimco Pesticides Ltd. These players have been adopting various strategies to gain higher share or to retain leading positions in the market. New-generation pesticides are frequently produced to replace older, more harmful compounds in an effort to reduce the environmental and human health implications of older synthetic agricultural pesticides.

Many companies are releasing new products, such as BASF SE's Renestra insecticide, which has a dual mode of action and can control a wide variety of insects. Farmers will be able to use it to manage a variety of insect pests, including soybean aphids. Mortein Smart, a high-end innovation that automatically switches between high and normal settings, was also debuted in 2020. Two fungicides and one insecticide are combined in newly released pesticides (Azoxystrobin 45% + Thiophanate Methyl 11.25% + Thiamethoxam 25% FS).

COVID-19 Analysis:

The COVID-19 pandemic had a detrimental influence on the synthetic pesticides business. As governments take stricter efforts to combat the spread of COVID-19, self-quarantine and the temporary closure negatively impacted the trade of fruits and vegetables. However, the demand for synthetic pesticides is growing during the pandemic owing to the surge in demand for fruits and vegetables.

Moreover, crop protection synthetic pesticides include fungicides, insecticides, herbicides, nematicides, and molluscicides, among others, and are used to maintain and preserve grass and decorative plants. Besides, the growing desire for long-lasting foods has had a substantial impact on the synthetic pesticides market trend.

Key Findings of The Study:

On the basis of type, the herbicides segment was the highest contributor to the market in 2021.

On the basis of application, the fruits and vegetables segment was the highest revenue contributor to the market in 2021.

On the basis of region, Asia-Pacific was the highest revenue contributor in 2021, growing with a CAGR of 6.2%.

China was the highest revenue contributor in 2021
South Korea and Japan are expected to witness considerable CAGRs of 6.1% and 5.4%, respectively, during the forecast period.

Companies Mentioned

  • Syngenta AG
  • BASF SE
  • Bayer Crop Science AG
  • Corteva Agriscience
  • Fmc Corporation
  • Adama Ltd.
  • Upl Limited
  • Sumitomo Chemical Co. Ltd.
  • Nufarm Limited
  • Aimco Pesticides Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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