Global Pesticide And Other Agricultural Chemicals Market: Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032

Insecticides and other pesticides are agricultural and household pest control chemicals (other than fertilizers) used to control pests and weeds on farmlands. These protect plants from pests, kill weeds and pests, and help fight disease.

The main types of pesticides and other pesticides are herbicides, insecticides, fungicides, other types of pesticides and other pesticides. Herbicides are chemicals used to control unwanted vegetation. Herbicides are used in row crops and are applied before or during sowing to minimize other vegetation and maximize crop productivity. The origin is synthetic and bio-based. Applications include cereals and grains, legumes and oilseeds, crops, fruits and vegetables, and other uses.

This is one of the new reports from Stocks and other pesticides, detailed pesticides and other pesticides market segments, market trends and opportunities, and other data you need to be successful in the pesticides and other pesticides industry. This Pesticides & Other Pesticides Market research report provides a complete overview of everything you need along with an in-depth analysis of the current and future scenarios of the industry.

The global market for pesticides and other agrochemicals will grow from US$90.5 billion in 2022 to US$98.42 billion in 2023, at a compound annual growth rate of 8.8%. The war between Russia and Ukraine has undermined any chances of the global economy recovering from the COVID-19 pandemic, at least in the short term. These bilateral wars have resulted in economic sanctions against several countries, high commodity prices, supply chain disruptions, and inflation of goods and services, affecting many markets around the world. The market for pesticides and other agrochemicals is expected to reach US$139.42 billion in 2027 at a CAGR of 9.1%.

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Market Segmentation:
Product Type:
Insecticides: Used to control and eliminate insects and other arthropods.

Herbicides: Designed to kill or inhibit the growth of weeds and unwanted plants.

Fungicides: Used to prevent and treat fungal diseases in crops.

Rodenticides: Designed to control rodent populations.

Other chemicals: Includes nematicides (control plant-parasitic nematodes), molluscicides (control mollusks), and plant growth regulators (alter plant growth processes).

Application:
Crop-based: Chemicals used in various agricultural crops such as cereals, fruits, vegetables, oilseeds, and pulses.

Non-crop-based: Chemicals used in non-agricultural settings like turf, ornamental plants, and forestry.

Region:
North America: Includes the United States and Canada.

Europe: Includes countries within the European Union and other European countries.

Asia-Pacific: Includes countries like China, India, Japan, Australia, and others.

Latin America: Includes countries in Central and South America.

Middle East and Africa: Includes countries within the Middle East and African regions.

Key Players:
Bayer
Syngenta
BASF
DowDupont
Chemchina

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Regional Analysis:
North America: In North America, the pesticide and agricultural chemicals market is well-established and technologically advanced. The United States and Canada are the major contributors to this market, driven by large-scale commercial farming and the need for crop protection. Strict regulations and increasing demand for organic products also influence the market in this region.

Europe: Europe has a significant market for agricultural chemicals, with countries like Germany, France, and the United Kingdom leading in terms of production and consumption. The region emphasizes sustainable farming practices, which affect the types of chemicals used. Additionally, stringent regulations and the rising demand for organic and environmentally friendly products drive market trends in Europe.

Asia-Pacific: The Asia-Pacific region is a major player in the global agricultural chemicals market. Countries such as China, India, Japan, and Australia have large agricultural sectors and high demand for pesticides and other chemicals. The market in this region is influenced by population growth, increasing food demand, and the adoption of modern farming techniques.

Latin America: Latin America is a prominent region for agricultural chemical consumption and production. Countries like Brazil and Argentina have extensive agricultural activities, including large-scale commercial farming of crops such as soybeans, corn, and sugarcane. The market in this region is driven by the need to increase agricultural productivity and combat pests and diseases.

Middle East and Africa: The Middle East and Africa region also contribute to the global agricultural chemicals market. Countries like South Africa, Egypt, and Morocco have significant agricultural sectors and utilize pesticides and other chemicals to protect crops from pests and diseases. The market in this region is influenced by climatic conditions, crop diversity, and efforts to improve food security.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Pesticide And Other Agricultural Chemicals market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Pesticide And Other Agricultural Chemicals would help in identifying future applications in this market.

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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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