Pesticide And Other Agricultural Chemicals Industry Set to Achieve $156.05 Billion Milestone by 2029 | Steady 8.4% CAGR

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What Is the Long-Term Growth Forecast for the Pesticide And Other Agricultural Chemicals Market Size 2025?
In recent years, the market size for pesticides and other agricultural chemicals has witnessed significant growth. From a value of $104.46 billion in 2024, it's projected to swell to $113.13 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.3%. The historic increase can be credited to the expansion in crop yield enhancement, government policies and subsidies, disease outbreaks, climate conditions, and the globalization of agriculture.

What CAGR is Forecasted for the Pesticide And Other Agricultural Chemicals Market Through 2029?
The market size for pesticides and various other agricultural chemicals is predicted to experience robust growth in the upcoming years, reaching $156.05 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this projected growth during the forecast period include environmental and regulatory considerations, organic and biological solutions, public health and food safety issues, changes in crop trends, and the impact of climate change. Moreover, the key trends anticipated during this forecast period encompass digital agriculture platforms, precision farming technologies, technological advancements, biopesticides and biologicals, and digital farming and agtech.

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What Are the Critical Factors Driving Pesticide And Other Agricultural Chemicals Market Development?
Anticipations of the world population reaching 10 billion by 2050 indicate a significant growth, which will, in turn, substantially enhance the market for pesticides and other agricultural chemicals in the projected period. The amplified population size will necessitate an escalated demand for food. As a result, the scaling up of crop production, farming activities, and trade volumes will be essential to cater to the burgeoning population. In response, farmers and commercial farming corporations are likely to intensify their procurement of arable land, aiming to boost crop yields. The implication of this is a projected rise in the need for insecticides, herbicides, and fungicides within the forecast period.

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How Does the Pesticide And Other Agricultural Chemicals Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Pesticide And Other Agricultural Chemicals Industry?
In order to tackle escalating pest resistance and boost crop safeguarding, major players in the pesticide and agricultural chemicals market are placing emphasis on the creation of cutting-edge agrochemical mixtures, such as non-branded chlorantraniliprole insecticides also known as generic chlorantraniliprole insecticides. For example, in September 2023, ADAMA Ltd., a chemical company originating from Israel, introduced its inaugural generic representations of chlorantraniliprole (CTPR) in India, launching Cosayr and Lapidos. Cosayr is a leaf-based solution that targets pests like stem borer and leaf folders, which are harmful to rice crops, whereas Lapidos is a granular substance built to safeguard crops during early stages of growth. This unveiling shows ADAMA's commitment to elevating agricultural yield through efficient pest control approaches, exploiting its internal production skills as part of its "Core Leap" plan, centered around the use of off-patent active ingredients.

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Which Players Are Driving Innovation 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

Which Regions Are Driving Global Pesticide And Other Agricultural Chemicals Market Expansion?
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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