In-Depth Analysis of the Pesticide And Other Agricultural Chemicals Market: Growth Opportunities, Key Trends, and Forecast 2025-2034

What combination of drivers is leading to accelerated growth in the pesticide and other agricultural chemicals market?
The global populace is on the rise and is projected to hit 10 billion by 2050. This surge is predicted to markedly propel the market for pesticides and other agrochemicals throughout the forecast duration. Population growth leads to a heightened demand for food. As a result, crop production, farming operations, and trading volumes need to escalate to cater to the growing populations. Moreover, a proliferation in the procurement of arable land is anticipated by farmers and commercial farming enterprises to augment crop manufacture. It's, therefore, anticipated that there will be an increased demand for insecticides, herbicides, and fungicides throughout the forecast period.

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What growth opportunities are expected to drive the pesticide and other agricultural chemicals market's CAGR through 2034?
The market size for pesticides and other agricultural chemicals has seen a substantial increase in recent years. The industry is projected to grow from $117.54 billion in 2024 to $131.78 billion in 2025, at a compound annual growth rate (CAGR) of 12.1%. The expansion during the historic period can be attributed to factors such as advancing crop yield, government legislation and subsidies, disease epidemics, weather conditions, and the worldwide expansion of agriculture.

The market for pesticides and various agricultural chemicals is projected to experience robust expansion in the forthcoming years. With an anticipated compound annual growth rate (CAGR) of 9.5%, the market valuation is likely to reach $189.28 billion by 2029. This growth during the forecast period can be associated with aspects such as environmental and regulatory issues, the pursuit of biological and organic solutions, the focus on population health and food safety, alterations in crop patterns, and the effects of climate change. Key trends for this forecasting period encompass digital agricultural frameworks, precision agriculture technologies, significant technological advances, and the exploration of biological and biopesticides, as well as the broader scopes of digital agriculture and agtech.

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How are the latest trends influencing the growth of the pesticide and other agricultural chemicals market?
The main businesses in the pesticide and agricultural chemicals industry are focusing their efforts towards creating improved agrochemical concoctions, including generic chlorantraniliprole insecticides, in an attempt to tackle the escalating issue of pest resistance and augment crop security. Generic chlorantraniliprole insecticides pertain to non-brand insecticides that entail chlorantraniprole as their key component. For example, in September 2023, ADAMA Ltd., a chemical firm based in Israel, debuted its inaugural generic versions of chlorantraniliprole (CTPR) in India, launching Cosayr and Lapidos. Cosayr is a leaf solution designed to handle pests like stem borer and leaf folders that harm rice plants, while Lapidos is a grainy concoction created to safeguard crops during their initial growth phase. This introduction exhibits ADAMA's commitment towards enhancing agricultural efficiency by way of efficient pest control solutions, capitalizing on its internal manufacturing capacity. All these initiatives are part of its "Core Leap" strategy, that seeks to employ off-patent active components.

What are the major segments of the pesticide and other agricultural chemicals market and their role in driving growth?
The pesticide and other agricultural chemicals market covered in this report is segmented -

1) By Type: Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals
2) By Origin: Synthetic, Bio-Based
3) By Application: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Applications

Subsegments:
1) By Herbicides: Pre-emergent Herbicides, Post-emergent Herbicides, Selective Herbicides, Non-selective Herbicides
2) By Insecticides: Organophosphate Insecticides, Pyrethroid Insecticides, Neonicotinoid Insecticides, Biological Insecticides
3) By Fungicides: Contact Fungicides, Systemic Fungicides, Biofungicides, Multi-site Fungicides
4) By Other Pesticide and Other Agricultural Chemicals: Rodenticides, Nematicides, Molluscicides, Plant Growth Regulators

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Which regions are key players in the growth of the pesticide and other agricultural chemicals market?
Asia-Pacific was the largest region in the pesticide and other agricultural chemicals market in 2024. Western Europe was the second largest region in the pesticide and other agricultural chemicals market. The regions covered in the pesticide and other agricultural chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the pesticide and other agricultural chemicals market?
Major companies operating in the pesticide and other agricultural chemicals market include Mitsui Chemicals Inc., BASF SE, Marubeni Corporation, Bayer AG, Nutrien Ltd., Syngenta AG, Sumitomo Chemical Co. Ltd., Corteva Inc., China National Chemical Corporation, DuPont de Nemours Inc., Nippon Soda Co. Ltd., Bharat Rasayan Limited, Sinochem International Corporation, FMC Corporation, Adama Agricultural Solutions, Nufarm Limited, Nissan Chemical Corporation, Arysta Lifescience Corporation, PI Industries Ltd., Meghmani Organics Limited, Crystal Crop Protection Pvt. Ltd., Gowan Co. LLC, Isagro S.p.A., Rallis India Limited, Albaugh LLC, UPL Limited, Rotam Agrochemical Company Ltd., Wynca Group, Insecticides India Limited, Drexel Chemical Co. Inc., Willowood Limited

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What Is Covered In The Pesticide And Other Agricultural Chemicals Global Market Report?

•Market Size Forecast: Examine the pesticide and other agricultural chemicals market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pesticide and other agricultural chemicals market for a structured understanding.
•Key Players Overview: Analyze major players in the pesticide and other agricultural chemicals market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pesticide and other agricultural chemicals market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pesticide and other agricultural chemicals market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pesticide and other agricultural chemicals market.
•Industry Challenges: Identify potential risks and obstacles affecting the pesticide and other agricultural chemicals market.
•Competitive Landscape: Review strategic developments in the pesticide and other agricultural chemicals market, including expansions, agreements, and new product launches.

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