Authored By: Sarah
11 Jul 2024

 Agricultural Pesticides Market Size to grow by USD 24619 million between 2024-2028

According to a research report “ Agricultural Pesticides Market” by Type (Herbicides, Insecticides, Fungicides and bactericides, Others) Product (Synthetic pesticides, Biopesticides) Geography (APAC, South America, Europe, North America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 24619 million, at a CAGR of over 4.27% during the forecast period. In the agricultural sector, vendors are making significant investments in the research and development of innovative herbicides that offer enhanced efficacy and eco-friendliness. These advanced herbicides are engineered to decompose rapidly post-application, minimizing environmental impact. The agricultural pesticides market spans various crop categories, including cereals, grains, fruits, vegetables, oilseeds, and pulses. The burgeoning consumer trend towards health-conscious food choices, driven by heightened awareness of health and fitness, is fueling the demand for herbicides in farming applications. To cater to this growing market, vendors are expanding their product offerings by launching new herbicide variants. For instance, FMC introduced a novel herbicide named Tetflupyrolimet in 2023.

Browse market data tables, figures, and in-depth TOC on “Agricultural Pesticides Market” by Type (Herbicides, Insecticides, Fungicides and bactericides, Others) Product (Synthetic pesticides, Biopesticides) Geography (APAC, South America, Europe, North America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Herbicides segment is projected to dominate the market size in 2024

The agricultural pesticides market represents a significant business sector, driven by the necessity to enhance crop yields and protect against harmful pests. These essential products contribute to increasing agricultural productivity, ensuring food security, and mitigating crop losses. Market growth is influenced by factors such as increasing global population, shifting agricultural trends, and regulatory policies. Strategic collaborations, product innovation, and sustainable solutions are key business strategies for market participants.

By Product, Synthetic pesticides  segment is expected to hold the largest market size for the year 2024

The agricultural pesticides market represents a significant business sector, driven by the necessity to enhance crop yields and protect crops from destructive pests. This market witnesses continuous growth due to increasing global food demand and the adoption of modern farming practices. Key players in this industry focus on innovation, sustainability, and regulatory compliance to cater to evolving customer needs and market trends.

APAC is forecasted to hold the largest market size by region in 2024

The agricultural pesticides market represents a significant business sector, driven by the necessity to enhance crop productivity and protect against yield losses due to pests and diseases. Key players in this industry invest substantially in research and development to introduce innovative pesticide solutions, catering to evolving farmer needs and regulatory requirements. The market's growth is underpinned by factors such as increasing global population, rising demand for food, and advancements in pesticide technology.

The Agricultural Pesticides Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ADAMA Ltd.
  • BASF SE
  • Bayer AG
  • Cropnosys India Pvt. Ltd.
  • DuPont de Nemours Inc.
  • FMC Corp.
  • Isagro Spa
  • NACL Industries Ltd.
  • Nantong Jiangshan Agrochemical and Chemicals Ltd. Liability Co.
  • Novozymes AS
  • Nufarm Ltd.
  • Shandong Weifang Rainbow Chemical Co. Ltd.
  • Sichuan Fuhua Agricultural Investment Group
  • Sinochem Group Co. Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Syngenta Crop Protection AG
  • UPL Ltd.
  • Wynca Group
  • Zuari Agro Chemicals Ltd.
.

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Research Analysis Overview

The agricultural pesticides market encompasses a wide range of products used for pest control in farming. These include microbicides, animalicides, bactericides, rodenticides, piscicides, molluscicides, nematicides, insecticides, and fungicides. Pesticides are essential tools for farmers to protect cash crops from local pest species, ensuring high yields and reducing losses. Insecticides are the most commonly used pesticides, targeting insects that damage crops. However, the emergence of pesticide resistance among insects, fungi, and weeds is a significant challenge. Farmers are increasingly turning to non-insecticides, such as bactericides, acaricides, and fungicides, to manage pests and diseases. Export products like fresh fruits and vegetables require effective pest control to meet international standards. Herbicides are used to control weeds, while piscicides and molluscicides are used in aquaculture. Animalicides are used to protect livestock from pests and diseases. Organic food production relies on natural pest control methods, such as biological pesticides and integrated pest management. Farmers must balance the use of pesticides with the need to minimize their impact on the environment and human health. Overall, the agricultural pesticides market plays a crucial role in ensuring food security and maintaining the productivity of cash crops. However, the development of sustainable and environmentally friendly pest control solutions is a priority for the future.

Market Research Overview

The Agricultural Pesticides Market encompasses a wide range of agrochemicals used for pest control in row crops, such as fungicides, herbicides, insecticides, and nematicides. Fungus is a common pest that affects both arable land and crop land, leading to significant losses in agricultural goods. The use of synthetic chemicals like chlorinated hydrocarbons, organic phosphates, and carbonates in pesticides has raised concerns regarding health effects on humans and the environment. Organic farming and the production of organic foods have gained popularity as an alternative to conventional farming methods. Organic pesticides, including bio-pesticides and non-insecticides, are used to manage pests in organic farming. Laws and regulations governing the use of agrochemicals vary by country, with some promoting the use of organic farming and others allowing synthetic pesticides. Infrastructural development activities, such as roadways, homes, and factories, can impact farming areas and require effective pest management solutions. Climatic conditions, irregular rainfall, and pest resistance are challenges in crop production. Modern farming techniques, including nanotechnology, are being explored to develop effective and eco-friendly pesticides. Toxicologists and horticulturists play a crucial role in ensuring the safety of pesticides for human health and the environment. Export products like cash crops, fruits, vegetables, and plantation crops require effective pest management to maintain quality and meet export standards. Local pest species and pesticide resistance are ongoing challenges in crop management. Pest management strategies include the use of pesticides, repellants, and other pest control agents. Fumigants, defoliants and desiccants, bactericides, acaricides, and rodenticides are some types of pesticides used for specific pests. The market for agricultural pesticides is diverse and complex, requiring ongoing research and innovation to meet the needs of farmers and ensure food security.

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