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Specialty Pesticides Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Specialty Pesticides
What Is the Projected Growth of the Specialty Pesticides Market?
The specialty pesticides market has experienced strong growth, expected to increase from $142.86 billion in 2024 to $150.13 billion in 2025 at a CAGR of 5.1%. This growth is attributed to the increased need for crop protection, the expansion of precision farming practices, rising global populations, the emergence of resistant pest strains, demand for sustainable agriculture, food safety awareness, and the growth of protected cultivation.
The specialty pesticides market is expected to experience robust growth, reaching $198.22 billion in 2029 at a CAGR of 7.2%. Growth will be supported by global agriculture expansion, the need for high-value crops, biopesticide advancements, the rise of organic farming, concerns about food security, and regulatory support for sustainable practices. Trends include integrated pest management (IPM), innovative formulations, biotechnology solutions, smart pesticides, and crop-specific applications.
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What Are the Different Specialty Pesticides Market Segments?
The specialty pesticides market covered in this report is segmented -
1) By Type: Fungicide, Insecticide, Herbicides, Other Types
2) By Origin: Synthetic, Bio-Based
3) By Application: Grains, Cereals, Oilseeds, Pulses, Fruits And Vegetables, Other Applications
Subsegments:
1) By Fungicide: Systemic Fungicides, Contact Fungicides, Biofungicides, Multi-Site Action Fungicides, Seed Treatment Fungicides
2) By Insecticide: Synthetic Insecticides, Biological Insecticides, Insect Growth Regulators (IGRs), Systemic Insecticides, Contact Insecticides
3) By Herbicides: Pre-Emergent Herbicides, Post-Emergent Herbicides, Selective Herbicides, Non-Selective Herbicides, Residual Herbicides
4) By Other Types: Rodenticides, Acaricides, Molluscicides, Nematicides, Pheromones
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What Are the Primary Drivers Shaping the Specialty Pesticides Market?
The specialty pesticides market is expected to grow due to the rising demand for food. As the global population grows and disposable incomes rise in developing countries, food consumption is increasing, leading to a higher demand for agricultural productivity. Specialty pesticides help improve food yields and prevent crop damage from pests and diseases. For instance, in April 2024, the USDA reported that U.S. households spent 12.8% of their income on food in 2022, up from 12.4% in 2021. This growing demand for food is expected to drive the specialty pesticides market.
Which Companies Are Leading in the Specialty Pesticides Market?
Major companies operating in the specialty pesticides market are Syngenta Crop Protection AG (ChemChina), Bayer Crop Science LLC, BASF SE, Dow AgroSciences LLC, Sumitomo Chemicals Co. Ltd., Corteva Agriscience Division of DowDuPont, FMC Corporation, UPL Limited, Nufarm Limited, ADAMA Agricultural Solutions Ltd., Isagro SPA, Limin Group Co. Ltd., Hailir Pesticides and Chemicals Group Co. Ltd., Shandong Luba Chemical Co. Ltd., Jiangsu Changqing Agrochemical Co. Ltd., Guangdong Zhongxun Agricultural Science Co. Ltd., Zhejiang Heben Pesticide & Chemicals Co. Ltd., Nippon Soda Co. Ltd., Nissan Chemical Corporation, Mitsui Chemicals Agro Inc., DuPont de Nemours Inc., Makhteshim Agan Industries Ltd., Sinochem International Corporation, Jiangsu Huifeng Agrochemical Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Rotam CropSciences Ltd., Gowan Company LLC, Albaugh LLC
What Are the Latest Developing Trends in the Specialty Pesticides Market?
In the specialty pesticides market, companies are focusing on developing specialized formulations to maintain a competitive edge. For example, in April 2022, BASF SE launched Exponus, an insecticide in India that uses a novel active ingredient called Broflanilide. Exponus is particularly effective against resistant pests like caterpillars and thrips, offering a new mode of action and ensuring better insecticide resistance management.
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What Are the Top Revenue-Generating Geographies in the Specialty Pesticides Market?
The countries covered in the specialty pesticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Specialty Pesticides Market?
2. What is the CAGR expected in the Specialty Pesticides Market?
3. What Are the Key Innovations Transforming the Specialty Pesticides Industry?
4. Which Region Is Leading the Specialty Pesticides Market?
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