Growing need to address food security issues, technological advancements in product offerings to reduce crop losses, and increasing efforts of farmers and organizations to boost crop productivity to drive the global pesticide market through 2023. According to TechSci Research report, “Global Pesticides Market By Type, By Application, By Formulation, By Region, Competition Forecast & Opportunities, 2013 – 2023’’, the global pesticides market is forecast to surpass $ 90 billion by 2023. Growth in the market is expected to be driven by increasing consumption of pesticides in different geographies around the world, on account of increasing demand for weed management and the need to develop measures to ensure food security.
Important Aspects of the Global Pesticides Market
Rapid growth in industrial feedstock production in growing economies, in addition to unprecedented growth in the rate of adoption of advanced farming techniques in developed economies around the world, is anticipated to boost demand for pesticides across the globe during the forecast period.
Browse 220 market data Figures and Tables spread through 217 Pages and an in-depth TOC on the “Global Pesticides Market“
Decreasing arable land, growing population, and increasing efforts of farmers and organizations to limit the loss of crops are anticipated to drive the demand for pesticides across the globe. Growing demand for herbicides in the South American nations of Argentina and Brazil, owing to the quality production of soybean crops, and the high demand for fungicides in Europe is likely to push the demand for pesticides, globally. Synthetic pesticides dominate the demand for pesticides, however, biopesticides are anticipated to register the fastest growth in the global pesticide market during the forecast period, as they are free of chemical residues and are produced using renewable resources.
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“Increasing adoption of biopesticides, owing to rise in awareness towards benefits associated with the use of biopesticides in the cultivation process along with low registration costs of biopesticide products are the factors fueling the global market for pesticides. Moreover, the introduction of technically advanced Nano pesticides boosting crop production, in addition to the development of the concept of zero residual farming having next-generation crop protection through the elimination of chemical residues in soil, is anticipated to contribute towards the growth of the global pesticides market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Pesticides Market By Type, By Application, By Formulation, By Region, Competition Forecast & Opportunities, 2013 – 2023’’ has evaluated the future growth potential of the global pesticides market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities in the global pesticides market.
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