Pesticides
Pesticides Market Forecasts to 2030 - Global Analysis By Type (Insecticides, Herbicides, Fungicides, Rodenticides, Nematicides and Other Types), Crop Type, Formulation, Mode Of Action, Application and By Geography
According to Stratistics MRC, the Global Pesticides Market is accounted for $47.35 billion in 2024 and is expected to reach $90.65 billion by 2030 growing at a CAGR of 9.5% during the forecast period. Pesticides are chemicals or biological agents used to prevent, control, or eliminate pests that harm crops, livestock, or human health. They help reduce crop losses and lower the risk of food borne illnesses by maintaining the quality and safety of produce. Pesticides also enable farmers to grow a wider variety of crops in diverse environments.
According to the Environmental Protection Agency (EPA) data, India Government has initiated the use of bioinsecticides as part of Integrated Pest Management (IPM), employing cultural, mechanical, and biological pest control methods. It is promoted by Central Integrated Pest Management Centers (CIPMCs) through programs like Farmers Field Schools and training initiatives.
Market Dynamics:
Driver:
Increasing adoption of modern farming techniques
Increasing adoption of modern farming techniques, such as precision agriculture and integrated pest management, enhances pest control efficiency. Precision agriculture uses technology to target pests more accurately, reducing overall pesticide use while improving crop yields. Integrated pest management combines chemical, biological, and cultural methods to optimize pest control and minimize environmental impact. These advanced techniques increase the effectiveness of pesticide applications and support higher productivity, thereby boosting demand for innovative and tailored pesticide solutions.
Restraint:
Environmental and health concerns
Environmental and health concerns arise from pesticide use due to potential risks such as contamination of soil and water, harm to non-target species, and human health issues like respiratory problems and cancer. These concerns lead to stricter regulations, increased scrutiny, and the push for safer alternatives. As a result, market growth can be hampered by higher compliance costs, reduced availability of certain products, and consumer demand for organic and sustainable farming practices.
Opportunity:
Innovations in pesticide formulations
Advanced formulations, such as slow-release or targeted delivery systems, increase pest control efficiency and reduce the volume of chemicals needed. Innovations also lead to the development of pesticides with lower toxicity to non-target organisms and reduced environmental impact. These advancements support sustainable agricultural practices and comply with stricter regulations. Improved formulations also address challenges like pest resistance, making pesticides more effective and appealing to farmers. Consequently, these innovations contribute to increased adoption and market expansion.
Threat:
Sustainability and organic farming trends
Organic farming emphasizes natural pest control methods and avoids conventional pesticides, driven by consumer demand for eco-friendly and health-conscious products. This shift leads to a decrease in pesticide usage and market demand. Additionally, sustainable practices often involve integrated pest management, which relies on alternative methods rather than chemical solutions. As more farmers adopt these practices, the market for traditional pesticides contracts, impacting overall growth in the sector.
Covid-19 Impact
The covid-19 pandemic significantly impacted the pesticides market by disrupting supply chains, causing delays in production and distribution. Lockdowns and restrictions affected agricultural activities and reduced demand for certain pesticides. Conversely, the crisis highlighted the importance of food security, leading to increased interest in crop protection solutions. The market saw a shift towards more sustainable and innovative pest management practices. Overall, while the pandemic caused short-term challenges, it accelerated trends toward efficiency and sustainability in the pesticide industry.
The ready-to-use segment is expected to be the largest during the forecast period
The ready-to-use segment is estimated to have a lucrative growth. Ready-to-use pesticides are pre-mixed formulations that require no additional preparation or dilution before application. They come in convenient forms like sprays or granules, making them easy for consumers to apply directly to affected areas. Ideal for immediate pest control, these products offer effective solutions for common household and garden pests. Their ease of use and quick action are key benefits, though it's important to follow safety instructions to avoid potential hazards.
The agricultural segment is expected to have the highest CAGR during the forecast period
The agricultural segment is anticipated to witness the highest CAGR growth during the forecast period. Pesticides in agricultural applications are chemicals used to protect crops from pests, diseases, and weeds. They enhance crop yield and quality by controlling unwanted organisms that can damage plants. However, their use raises concerns about environmental impact, including potential harm to non-target species, soil health, and water contamination. Integrated Pest Management (IPM) practices aim to balance effectiveness with minimizing negative effects on ecosystems and human health.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to increasing agricultural activities, rising demand for food security, and advancements in crop protection technologies. Key factors driving this growth include expanding arable land, adoption of modern farming practices, and government initiatives supporting agricultural development. Countries like China and India dominate the market, with a strong focus on enhancing yield and managing pest resistance. The market is also witnessing a shift towards bio-pesticides and sustainable solutions, reflecting a growing emphasis on eco-friendly practices.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to advanced agricultural practices, high crop yield demands, and increasing adoption of precision farming technologies. Regulatory frameworks in the U.S. and Canada are stringent, impacting product development and approval. Key players in the region include Bayer, Corteva, and Syngenta. The market is also influenced by trends in organic farming and sustainable agriculture. Overall, growth is supported by increasing demand for efficient and environmentally friendly pest control methods.
Key players in the market
Some of the key players profiled in the Pesticides Market include BASF SE, Bayer AG, Syngenta, Corteva Agriscience, FMC Corporation, ADAMA Agricultural Solutions, Nufarm Limited, Sumitomo Chemical, UPL Limited, Arysta LifeScience, Cheminova, Albaugh LLC, Sapec Agro, Dow AgroSciences, Monsanto and Best Agrolife Limited.
Key Developments:
In June 2024, Best Agrolife Ltd has launched its new patented insecticide formulation named Nemagen, designed to combat resistant pests causing significant crop damage. Nemagen contains a combination of active ingredients chlorantraniliprole, novaluron and emamectin benzoate to provide broad-spectrum control of lepidopteran, coleoptera and diptera pests affecting vegetables, grains, fruits and pulses.
In May 2024, BASF has launched Efficon, a new insecticide, in India to help farmers tackle sucking pests. Classified under the new IRAC group 36, the product represents a new class of insecticides (Group 36 — pyridazine) with no known cross-resistance with existing products, making it a superior insecticide resistance management tool.
Types Covered:
• Insecticides
• Herbicides
• Fungicides
• Rodenticides
• Nematicides
• Other Types
Crop Types Covered:
• Cereal & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Other Crop Types
Formulations Covered:
• Liquid
• Powder
• Concentrate
• Ready-to-Use
Mode Of Actions Covered:
• Systemic
• Contact
• Residual
• Other Mode Of Actions
Applications Covered:
• Agricultural
• Industrial
• Horticulture
• Aquaculture
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pesticides Market, By Type
5.1 Introduction
5.2 Insecticides
5.3 Herbicides
5.4 Fungicides
5.5 Rodenticides
5.6 Nematicides
5.7 Other Types
6 Global Pesticides Market, By Crop Type
6.1 Introduction
6.2 Cereal & Grains
6.3 Fruits & Vegetables
6.4 Oilseeds & Pulses
6.5 Other Crop Types
7 Global Pesticides Market, By Formulation
7.1 Introduction
7.2 Liquid
7.3 Powder
7.4 Concentrate
7.5 Ready-to-Use
8 Global Pesticides Market, By Mode Of Action
8.1 Introduction
8.2 Systemic
8.3 Contact
8.4 Residual
8.5 Other Mode Of Actions
9 Global Pesticides Market, By Application
9.1 Introduction
9.2 Agricultural
9.3 Industrial
9.4 Horticulture
9.5 Aquaculture
9.6 Other Applications
10 Global Pesticides Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Bayer AG
12.3 Syngenta
12.4 Corteva Agriscience
12.5 FMC Corporation
12.6 ADAMA Agricultural Solutions
12.7 Nufarm Limited
12.8 Sumitomo Chemical
12.9 UPL Limited
12.10 Arysta LifeScience
12.11 Cheminova
12.12 Albaugh LLC
12.13 Sapec Agro
12.14 Dow AgroSciences
12.15 Monsanto
12.16 Best Agrolife Limited
List of Tables
1 Global Pesticides Market Outlook, By Region (2022-2030) ($MN)
2 Global Pesticides Market Outlook, By Type (2022-2030) ($MN)
3 Global Pesticides Market Outlook, By Insecticides (2022-2030) ($MN)
4 Global Pesticides Market Outlook, By Herbicides (2022-2030) ($MN)
5 Global Pesticides Market Outlook, By Fungicides (2022-2030) ($MN)
6 Global Pesticides Market Outlook, By Rodenticides (2022-2030) ($MN)
7 Global Pesticides Market Outlook, By Nematicides (2022-2030) ($MN)
8 Global Pesticides Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Pesticides Market Outlook, By Crop Type (2022-2030) ($MN)
10 Global Pesticides Market Outlook, By Cereal & Grains (2022-2030) ($MN)
11 Global Pesticides Market Outlook, By Fruits & Vegetables (2022-2030) ($MN)
12 Global Pesticides Market Outlook, By Oilseeds & Pulses (2022-2030) ($MN)
13 Global Pesticides Market Outlook, By Other Crop Types (2022-2030) ($MN)
14 Global Pesticides Market Outlook, By Formulation (2022-2030) ($MN)
15 Global Pesticides Market Outlook, By Liquid (2022-2030) ($MN)
16 Global Pesticides Market Outlook, By Powder (2022-2030) ($MN)
17 Global Pesticides Market Outlook, By Concentrate (2022-2030) ($MN)
18 Global Pesticides Market Outlook, By Ready-to-Use (2022-2030) ($MN)
19 Global Pesticides Market Outlook, By Mode Of Action (2022-2030) ($MN)
20 Global Pesticides Market Outlook, By Systemic (2022-2030) ($MN)
21 Global Pesticides Market Outlook, By Contact (2022-2030) ($MN)
22 Global Pesticides Market Outlook, By Residual (2022-2030) ($MN)
23 Global Pesticides Market Outlook, By Other Mode Of Actions (2022-2030) ($MN)
24 Global Pesticides Market Outlook, By Application (2022-2030) ($MN)
25 Global Pesticides Market Outlook, By Agricultural (2022-2030) ($MN)
26 Global Pesticides Market Outlook, By Industrial (2022-2030) ($MN)
27 Global Pesticides Market Outlook, By Horticulture (2022-2030) ($MN)
28 Global Pesticides Market Outlook, By Aquaculture (2022-2030) ($MN)
29 Global Pesticides Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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