Overview and Scope
The pesticides and other agricultural chemicals refer to agricultural and household pest control chemicals (except fertilizers) used to control pests and weeds in farmlands. These are used to protect plants against pests, kill weeds and bugs, and get rid of diseases.
Sizing and Forecast
The pesticide and other agricultural chemicals market size has grown rapidly in recent years. It will grow from $102.9 billion in 2023 to $113.86 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to growth of crop yield enhancement, government policies and subsidies, disease outbreaks, climate conditions, globalization of agriculture.
The pesticide and other agricultural chemicals market size is expected to see rapid growth in the next few years. It will grow to $169.77 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to environmental and regulatory concerns, biological and organic solutions, population health and food safety, shift in crop patterns, climate change impact. Major trends in the forecast period include digital agriculture platforms, precision agriculture technologies, technological innovations, biological and biopesticides, digital agriculture and agtech.
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Segmentation & Regional Insights
The pesticide and other agricultural chemicals market covered in this report is segmented –
1) By Type: Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals
2) By Origin: Synthetic, Bio-Based
3) By Application: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Applications
Asia-Pacific was the largest region in the pesticide and other agricultural chemicals market in 2023. Western Europe was the second largest region in the pesticide and other agricultural chemicals market. The regions covered in the pesticide and other agricultural chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The world population is growing and is expected to reach 10 billion by 2050. This is expected to significantly boost the pesticide and other agricultural chemicals market during the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production. This is expected to increase the demand for insecticides, herbicides, and fungicides in the forecast period.
Key Industry Players
Major companies operating in the pesticide and other agricultural chemicals market report are Mitsui Chemicals Inc., BASF SE, Marubeni Corporation, Bayer AG, Nutrien Ltd., Syngenta AG, Sumitomo Chemical Co. Ltd., Reckitt Benckiser Group PLC, Corteva Inc., China National Chemical Corporation, DuPont de Nemours Inc., Nippon Soda Co. Ltd., Bharat Rasayan Limited, Sinochem International Corporation, Chemours Inc., FMC Corporation, Adama Agricultural Solutions, Nufarm Limited, Nissan Chemical Corporation, Arysta Lifescience Corporation, PI Industries Ltd., Meghmani Organics Limited, Crystal Crop Protection Pvt. Ltd., Gowan Co. LLC, Isagro S.p.A., Rallis India Limited, Albaugh LLC, UPL Limited, Rotam Agrochemical Company Ltd., Wynca Group, Insecticides India Limited, Drexel Chemical Co. Inc., Willowood Limited
The pesticide and other agricultural chemicals market report table of contents includes:
1. Executive Summary
2. Pesticide And Other Agricultural Chemicals Market Characteristics
3. Pesticide And Other Agricultural Chemicals Product/Service Analysis -Product/Service Examples
4. Pesticide And Other Agricultural Chemicals Market Trends And Strategies
5. Pesticide And Other Agricultural Chemicals Market – Macro Economic Scenario
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31. Belgium Pesticide And Other Agricultural Chemicals Market
32. Denmark Pesticide And Other Agricultural Chemicals Market
33. Finland Pesticide And Other Agricultural Chemicals Market
34. Ireland Pesticide And Other Agricultural Chemicals Market
35. Netherlands Pesticide And Other Agricultural Chemicals Market
36.Appendix
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