The Pesticides Market, valued at US$ 1.17 billion in 2022, is anticipated to exhibit robust growth at a rate of 11.5% from 2023 to 2029, ultimately reaching nearly US$ 2.50 billion in 2029.

15.09.2023: Pesticides Market Report Scope and Research Methodology

Our comprehensive Global Pesticides Market Research Report provides a deep dive into the market dynamics. Pesticides, chemical agents used to combat a wide range of agricultural pests and enhance crop and livestock productivity, play a vital role in this market. Agricultural chemicals, often referred to as agrochemicals, encompass various types of chemical agents, including fungicides, herbicides, and insecticides. In 2022, global Pesticides trade reached US$ 36.4 billion, with top importers being Brazil (US$ 3.75 billion), France (US$ 2.01 billion), and the United States (US$ 1.58 billion), while top exporters included China (US$ 5.25 billion), France (US$ 4 billion), and India (US$ 2.63 billion). Pesticides are extensively used in farm fields, home gardening, and more.

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What are Pesticides Market Dynamics?

New Farming Techniques: Growing adoption of intensive agricultural techniques, aimed at maximizing yields per acre, is driving demand for pesticides. These techniques include intensive farming, which relies on pesticides and chemical fertilizers to optimize crop yields.
Use of Alternative Techniques: The development of alternative strategies such as integrated pest management (IPM) and crop rotation has reduced pesticide use on farms. IPM incorporates methods like pest-resistant crops, predatory insects, and mechanical pest traps, limiting the need for pesticides.
Opportunity for Nano-insecticides: The use of nanotechnology and nanoparticles to create ecologically friendly insecticides is gaining traction. This innovation can make insecticides safer and more effective, potentially reducing the number of chemicals sprayed on agricultural areas.
Environment-Friendly Options: Herbicide manufacturers are investing in research and development to develop environmentally friendly alternatives to dangerous herbicides. Companies are exploring safer replacements, such as Syngeta AG's "Acuron," a corn herbicide with lower environmental impact.
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What is Pesticides Market Segmentation?

Pesticides Type: The market is segmented into Bio-Pesticides, Synthetic Pesticides, and others. Synthetic pesticides held a substantial share in 2022, driven by increased efficiency and usage. Limiting pesticide use during the production of fruits, vegetables, and cereals could lead to a 78% reduction in yield, according to an IAEES study.

Crop Type: The market is sub-segmented into Vegetables & Fruits, Oilseeds & Pulses, Cereals & Grains, Commercial Crops, Plantation Crops, Turfs & Ornamentals, and Others. Cereals and grains dominated in 2022, fueled by the demand for food security and the challenges posed by climate change and drought.

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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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Table of content for the Pesticides Market includes:

Part 01: Executive Summary

Part 02: Scope of the Pesticides Market Report

Part 03: Global Pesticides Market Landscape

Part 04: Global Pesticides Market Sizing

Part 05: Global Pesticides Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Asia Pacific is anticipated to hold the largest market share, driven by demand from industries like automotive, aerospace, and construction. The region's dominance is also attributed to the easy availability of raw materials and labor, with China and India leading in plain bearing production and consumption.
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size & Forecast by different segment | 2023-2029

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

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