Pesticides Market growth is driven by rising crop loss from pests & diseases and advancements in integrated pest management solutions during the forecast period of 2026-2030.
According to the TechSci Research report, “Pesticides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F,” the Global Pesticides Market was valued at USD 1.59 billion in 2023 and is expected to grow at a CAGR of 9.67% through 2030. The market is driven by key factors such as the growing population, increasing food demand, and the need for effective pest control to maintain crop health and ensure sufficient food production. Additionally, advancements in farming practices and the introduction of bio-based and organic pesticides are contributing to the expansion of the market.
The global pesticides market focuses on producing, distributing, and selling chemicals designed for agriculture and pest control. These chemicals are formulated to target pests that threaten plant health, including insects, fungi, nematodes, rodents, and weeds. As awareness grows about the harmful effects of pests on human health, the demand for effective pest management solutions continues to rise.
The biopesticides segment is expected to grow the fastest in the forecast period. This is due to the increasing consumer demand for organic and sustainable agricultural products. Consumers are becoming more aware of the detrimental effects of synthetic pesticides on both human health and the environment, which is pushing them towards food produced with minimal chemical inputs. Biopesticides, derived from natural sources, are seen as safer and more eco-friendly alternatives, further driving their demand.
Stringent regulatory policies aimed at reducing synthetic pesticide use are also encouraging farmers to adopt biopesticides. Restrictions on conventional pesticides and concerns about pesticide residues in food are fostering a favorable environment for biopesticides. Advancements in biotechnology and microbial sciences have led to more effective and targeted biopesticide formulations, improving their reliability and appeal to farmers.
The Global Pesticides Market is segmented into type, product, application, formulation, regional distribution, and company. Based on application, cereals emerged as the dominant segment in 2023. The significant global demand for cereals as a staple food drives the growth of this market segment. Cereal crops are highly vulnerable to pests, making effective pest control essential for maintaining crop health and maximizing productivity. Given the increasing need for food security, pest management in cereal production is crucial. Ongoing research and responsible pesticide use are critical to meeting the global demand for cereals while minimizing environmental impact.
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Based on region, the Asia Pacific region emerged as the fastest-growing market for pesticides in 2023. The region boasts a vast agricultural sector, with China and India being major contributors to global food production. To meet the food demands of growing populations, the need to boost crop yields has increased, driving the demand for pesticides. Advancements in agricultural practices and pesticide formulations have made pest control more efficient.
Economic growth in the region has also led to increased investments in agriculture, supporting the adoption of new pesticide technologies. Changing climatic conditions are introducing new pest challenges, making pesticides essential for ensuring crop resilience and productivity.
Major companies operating in Global Pesticides Market are:
Bayer AG
Syngenta Crop Protection AG
BASF SE
China National Chemical Corporation Ltd.
BioWorks, Inc.
Pro Farm Group Inc.
ADAMA Agricultural Solutions Limited
Certis USA L.L.C.
The Dow Chemical Company
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“The future of the global pesticides market looks promising, with strong growth anticipated in the coming years. The rising demand for food necessitates effective measures to ensure crop health and yield, driving the need for innovative and efficient pesticides. As environmental concerns become more prominent, there is an increasing focus on developing and adopting bio-pesticides and integrated pest management (IPM) techniques. These sustainable and eco-friendly solutions aim to reduce reliance on conventional pesticides and minimize their environmental impact.
With advancements in research and technology, the pesticides market is poised for significant developments. As the industry evolves, it is essential for stakeholders to embrace innovation and adopt practices that ensure crop health and yield while minimizing ecological impacts”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Pesticides Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Herbicides, Fungicides, Insecticides, Others), By Product (Synthetic Pesticides, Bio Pesticides), By Application (Cereal, Fruits, Plantation Crops, Vegetables, Others), By Formulation (Dry, Liquid), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Pesticides Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Pesticides Market.
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