Pesticides Market Size, Share, Trends, Analysis, Competition, Growth Rate, and Forecast 2029

6.9.2023: Pesticides Market is expected to grow at 11.5 % through 2023 to 2029, the Pesticides market is reaching nearly USD 2.50 Bn in 2029.

Pesticides Market Report Scope and Research Methodology

Report Scope: This comprehensive research report delves into the global Pesticides market, covering market trends, dynamics, drivers, restraints, and regional insights. The report encompasses the period from 2018 to 2029, with 2022 as the base year.

Research Methodology: Our research methodology includes a thorough analysis of the impact of lockdowns on market demand and supply, with a focus on the years 2022 to 2024. We have also conducted specific strategic analyses of companies that performed well during the lockdown period.

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What are Pesticides Market Dynamics?

New Farming Techniques: The demand for pesticides is on the rise due to the adoption of intensive agricultural practices worldwide, aimed at maximizing crop yields. These practices rely heavily on pesticides to meet the growing global food demand.

Use of Alternative Techniques: Innovative strategies such as integrated pest management (IPM) and crop rotation have reduced pesticide usage on farms. IPM employs pest-resistant crops, predatory insects, mechanical traps, and post-harvest pest elimination.

Increasing Opportunity for Nano-insecticides: Nanotechnology is enabling the development of ecologically friendly insecticides that are more effective and safer for the environment.

Environment-Friendly Options: Herbicide manufacturers are investing in research and development to create environmentally sustainable alternatives to toxic herbicides like glyphosate.

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Pesticides Market Segmentation?

The market is further divided into Bio-Pesticides, Synthetic Pesticides, and Others based on the type of pesticides used. In 2022, a sizeable share of the pesticides market was made up of synthetic pesticides. The global market for synthetic pesticides is anticipated to expand over the course of the forecast period due to improved pesticide utilisation efficiency. The usage of synthetic pesticides is influenced by variables such as shrinking cultivable land, increasing food demand, growing adoption of genetically modified (GM) crops, and acceptance of novel agricultural practises. Limiting the use of pesticides during the production of fruits, vegetables, and grains could result in a yield drop of 78%, according to a study published in the Proceedings of the International Academy of Ecology and Environmental Sciences (IAEES).

Vegetables & Fruits, Oilseeds & Pulses, Cereals & Grains, Commercial Crops, Plantation Crops, Turfs & Ornamentals, and Others are the sub-segments of the market based on Crop Type. In 2022, the market for pesticides was dominated by the segment of grains and cereals. Growing concerns about food security, the onset of climate change, and the possibility of more severe droughts have all led to an increase in the usage of pesticides in grain cultivation. Campaigns to inform farmers about the use of pesticides in grain production have been launched by a number of international organisations. For instance, the UN launched a project in Lesotho called "Strengthening the capacity of smallholder farmers, extension personnel, and agro-dealers on judicious use of herbicides" to raise farmers' awareness of herbicides and other pesticides and maintain community.

Who are Pesticides Market Key Players?

1.The DOW Chemical Company
2.BASF SE
3. Bayer AG
4. Syngenta AG
5. Sibbiopharm Ltd.
6. Monsanto Company
7. AGROPHARM Ltd.
8. United Phosphorous Ltd.
9. Doff Portland Ltd.
10.Aeroxon Insect Control GmbH
11.Zotal Laboratories
12.GVI Life Care Co., Ltd.
13.DAEGIL Co., Ltd.
14.Hebei Maison Chemical Co., Ltd.
15.Anhui Xiangfeng Chemical Co., Ltd.
16.Aristo Biotech and Life Science Pvt. Ltd.

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Regional Insights:

The global Pesticides market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Pesticides to bolster military capabilities.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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