Pesticides Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The publisher Delivers Comprehensive Market Snapshot

The publisher has released its latest market report, providing a comprehensive snapshot of the global pesticides market. The report forecasts a significant growth trajectory in the coming years, with the market expected to reach a valuation of US$112 billion in 2024, and a projected value of US$175 billion by 2031, with a steady annual growth rate of 7%.

Understanding the Pesticides Market

Pesticides are vital pest control agents used in agriculture, including insecticides, nematicides, molluscicides, piscicides, rodenticides, bactericides, animalicides, microbicides, fungicides, and lampricides. This dynamic market is primarily categorized into two types: Conventional/Synthetic pesticides and Bio-pesticides.

Conventional pesticides are synthetically produced chemicals widely used for insect control, including chlorinated hydrocarbons, organophosphates, and carbonates. While effective, they are often toxic in nature. Bio-pesticides, on the other hand, are derived from natural sources such as animals, plants, bacteria, and minerals. They are generally less toxic and have minimal adverse effects on human health and the environment.

Market Dynamics Driving Growth

Several key factors are contributing to the growth of the pesticides market:

1. Population Growth and Increased Food Consumption: The global population is on the rise, driving higher demand for agricultural products. To meet this demand, agrochemicals are essential to enhance crop yield and quality, spurring innovations in the agriculture sector.

2. Shrinking Crop Harvesting Area: Urbanization and industrialization have reduced arable land, necessitating higher crop productivity. Agrochemicals, including insecticides and fertilizers, play a critical role in achieving this.

3. Agricultural Development and Economic Growth: Economic growth translates to higher purchasing power, leading to increased food consumption. Pesticides are vital for reducing insect damage and improving crop yields, making them essential in the agriculture industry.

4. Shift Towards Organic Agriculture: Growing environmental awareness has prompted consumers to shift towards organic foods, which do not use pesticides. This shift presents challenges for the pesticides market.

Country-wise Analysis

China: With its vast population, China is poised to become a dominant player in the global pesticide market, contributing over 90% of pesticide sales income in the East Asian Region. Favorable government policies support local manufacturers and encourage global firms to expand their pesticide manufacturing capacity in the country.

United States: The US pesticide sector is characterized by consolidation, with a few major companies dominating the market. Rising awareness of ecological protection and eco-friendly products has led to increased usage of biopesticides. Government initiatives, such as organic labeling and subsidies, are driving the adoption of biopesticides among farmers.

Competitive Analysis

Key market players are actively engaged in expanding their geographical presence through acquisitions, mergers, and collaborations. Additionally, research and development efforts are leading to the creation of new and innovative pesticide products.

Key Companies Profiled:

• Marrone Bio Invention
• Adama Agricultural Solutions
• Certis USA LLC
• Monsanto
• Isagro SPA
• Camson Bio Technology Ltd
• Andermatt Biocontol AG
• Som Phytopharma India Ltd
• Varsha Bio science & Technology
• Syngenta AG
• Koppert Biological Systems
• BioWorks Inc.
• Valent Bio science corp
• Corteva agriscience
• UPL limited
• FMC Corporation
• Vestaron
• Innatrix Inc.
• Aphea.Bio
• Terramerra PlantHealth
• Vegalab
• Evolution biotechnologies
• Seipasa
• Novozymes A/S
• Nufarm
• Bio best Group NV
• BioControl AG
• Jaivik Crop Care LLP
• Parry America Inc.
• Bionema
• Ecodeaz
• Greenland Bioscience
• Andermatt Biocontrol AG
• Oro agri
• Futureco Biosciece
• Rolfes Agri
• Redox Industries limited
• Lemandou Chemicals
• King Biotech
• Awiner Biotech
• AgbiTech LLC
• Hebei Veyong Bio chemical
• Arysta Life sciences
• Biofa GmbH
• Stokton Ltd
• Bio Org Pro
• Enviro Bio-Chem
• Antofénol

Key Segments Covered in Pesticides Industry Research

By Product Type

• Conventional Chemical
• Herbicide
• Fungicide
• Insecticide
• Bio pesticides
• Bio control Agents
• Plant-Incorporated Protectants

By Application

• Pre-Harvest
• Foliar
• Soil
• Seed
• Post-Harvest

By End Use

• Row Crops
• Fruits & Vegetables
• Turfs & Ornamentals
• Horticulture
• Other Crop Types

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa (MEA)

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