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Pesticide And Other Agricultural Chemicals Market Expansion Continues, with Forecast Valuation of $189.28 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Pesticide And Other Agricultural Chemicals Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for pesticides and other agricultural chemicals has witnessed a swift expansion. The forecast suggests an increase from $117.54 billion in 2024 to $131.78 billion in 2025, with a compound annual growth rate (CAGR) of 12.1%. The historical growth may be credited to factors like enhancement in crop yield, government policies and subsidies, disease outbreaks, climate conditions, and the globalization of agriculture.
Pesticide And Other Agricultural Chemicals Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for pesticides and other agricultural chemicals is projected to experience a robust growth. The market is forecasted to expand to $189.28 billion by 2029 with a 9.5% compound annual growth rate (CAGR). The projected growth throughout the forecast period can be linked to environmental and regulatory concerns, organic and biological solutions, population health and food safety considerations, changes in crop patterns, and the impact of climate change. Key trends anticipated during this period encompass digital agricultural platforms, precision agricultural technologies, technological advancements, biopesticides and biologicals, as well as digital agriculture and agtech.
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What Are the Drivers Transforming the Pesticide And Other Agricultural Chemicals Market?
The global population is projected to surge and hit 10 billion by 2050. This looming increase is anticipated to notably stimulate the agricultural chemicals market, including pesticides, throughout the anticipated timeline. The swelling population undeniably escalates the necessity for food, signalling that agricultural outputs, farming operations, and trading proportions will need to upsurge in order to keep pace. Furthermore, both individual farmers and large-scale farming enterprises are likely to secure more farmable land with the aim to boost agricultural production. This scenario is likely to elevate the requirement for agricultural chemicals like insecticides, herbicides, and fungicides within the speculated period.
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What Long-Term Trends Will Define the Future of the Pesticide And Other Agricultural Chemicals Market?
Top corporations involved in the pesticide and agricultural chemicals market are emphasizing the innovation of modern agrochemical solutions like generic chlorantraniliprole insecticides to combat the increasing issue of pest tolerance and upgrade crop security. These insecticides, which utilise chlorantraniliprole as an active component, are non-branded. In a case from September 2023, ADAMA Ltd., a chemical company based in Israel, debuted their initial generic chlorantraniliprole formulations in India, launching Cosayr and Lapidos. The former, Cosayr, is a foliar remedy targeting pests like stem borer and leaf folders that impact rice crops; Lapidos on the other hand, is a granular concoction intended to shield crops in their early growth periods. This product launches signify ADAMA's commitment to elevating agricultural productivity through efficient pest control strategies, capitalizing on their proprietary manufacturing capacities within their "Core Leap" strategy, which emphasizes the usage of off-patent active components.
Which Segments in the Pesticide And Other Agricultural Chemicals Market Offer the Most Profit Potential?
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 Firms Dominate the Pesticide And Other Agricultural Chemicals Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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