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Pesticides Market to Reach USD 3.46 Billion by 2032, Driven by Growing Agricultural Productivity and Crop Protection Demand

10-17-2025 07:14 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Pesticides Market

Pesticides Market

The Pesticides Market size was valued at USD 1.44 Billion in 2024 and the total Pesticides revenue is expected to grow at a CAGR of 11.5% from 2025 to 2032, reaching nearly USD 3.46 Billion.

Pesticides Market Overview

Pesticides are chemical or biological substances used to control agricultural pests that can damage crops, livestock, and reduce overall farm productivity. They include insecticides, herbicides, fungicides, and rodenticides, among others. Globally, the trade in pesticides reached USD 36.4 billion in 2024, with Brazil, France, and the United States being the top importers, and China, France, and India leading exports. The use of pesticides remains critical in modern agriculture to ensure food security and enhance crop yields, particularly in large-scale and intensive farming systems. Their applications span agricultural fields, horticulture, and home gardening, driven by increasing global demand for food and technological advancements in crop protection solutions.

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Pesticides Market Dynamics

The demand for pesticides is primarily driven by intensive farming practices, rising global food demand, and the need to maximize yield per acre. As the global population grows, farmers are adopting modern agricultural methods and mechanization, including the heavy use of pesticides and fertilizers. Monoculture practices, which involve cultivating a single crop type extensively, have increased reliance on pesticides due to nutrient depletion and pest vulnerability.

However, the market faces restraints due to the growing adoption of alternative pest management techniques such as Integrated Pest Management (IPM) and crop rotation, which aim to reduce chemical pesticide usage. Increasing awareness of pesticide-related environmental and health risks has encouraged the use of biological pest control methods.

Opportunities are emerging through the development of nano-insecticides and eco-friendly formulations, leveraging nanotechnology to create efficient, safer, and targeted pest control products. Major players are investing in sustainable and low-toxicity herbicide innovations, as governments worldwide push for restrictions on harmful chemicals like glyphosate. For instance, Syngenta AG introduced "Acuron," a corn herbicide aimed at controlling resistant weeds. Additionally, Brazil's pesticide market is projected to grow significantly, driven by higher adoption of bio-based products, nanotechnology integration, and M&A strategies focused on R&D and portfolio diversification.

Pesticides Market Outlook and Future Trends

The pesticides market is expected to witness robust growth through 2032, fueled by technological innovations, expanding agricultural land, and increased adoption of bio-pesticides. The transition toward environmentally friendly solutions and precision agriculture will shape future market dynamics. The rise of nanotechnology, AI-driven crop monitoring, and genetically modified (GM) crops will further enhance pesticide application efficiency and reduce environmental impact.

Governments and organizations are promoting the judicious use of pesticides through farmer education and training programs. Rural and developing regions, particularly in Asia-Pacific and Latin America, will experience strong growth due to the need for higher productivity and food security. Meanwhile, global manufacturers are expected to focus on regulatory compliance, product innovation, and sustainable formulations to maintain competitiveness in a tightening regulatory landscape.

Key Recent Developments

February 2024: Syngenta AG expanded its R&D efforts to develop next-generation eco-friendly herbicides and insecticides using nanotechnology.

January 2024: BASF SE launched a new line of bio-based fungicides targeting high-value fruit and vegetable crops to reduce chemical dependency.

September 2023: Bayer AG collaborated with startups to accelerate innovations in digital crop protection and sustainable pesticide alternatives.

May 2023: Corteva Agriscience invested in developing novel bio-pesticides and precision application technologies to improve yield outcomes.

July 2022: UPL Limited introduced a series of integrated pest management solutions to reduce the environmental footprint of synthetic pesticides.

These advancements highlight the industry's strategic shift toward sustainability, innovation, and efficiency, ensuring balanced growth between productivity and environmental stewardship.

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Pesticides Market Segmentation

by Type

Liquid Pesticides Type
Insecticides
Herbicides
Fungicides
Rodenticides
Others
Dry Pesticides Type
Insecticides
Herbicides
Fungicides
Rodenticides
Others

by Product

Liquid Pesticides Products
Bio- Pesticides
Synthetic Pesticides
Others
Dry Pesticides Products
Bio- Pesticides
Synthetic Pesticides
Others

by Crop Type

Liquid Pesticides for Crop Type
Vegetables & Fruits
Oilseeds & Pulses
Cereals & Grains
Commercial Crops
Plantation Crops
Others
Dry Pesticides for Crop Type
Vegetables & Fruits
Oilseeds & Pulses
Cereals & Grains
Commercial Crops
Plantation Crops
Others

Some of the current players in the Pesticides Market are:

1.The DOW Chemical Company
2.BASF SE
3. Bayer AG
4. Syngenta AG
5. Sibbiopharm Ltd.
6. Doff Portland Ltd.
7. Aeroxon Insect Control GmbH
8. Zotal Laboratories
9. GVI Life Care Co., Ltd.
10. DAEGIL Co., Ltd.
11. Hebei Maison Chemical Co., Ltd.
12. Aristo Biotech and Life Science Pvt. Ltd.
13. Corteva Agriscience
14. FMC Corporation
15. Adama Agricultural Solutions
16. UPL Limited
17. Nufarm Limited
18. Sumitomo Chemical
19. Arysta LifeScience
20. Nissan Chemical Corporation
21. Nippon Soda Co., Ltd.
22. Makhteshim Agan (Adama)
23. Rallis India Limited
24. Amvac Chemical Corporation
25. Wynca Group
26. Albaugh LLC
27. Lier Chemical
28. Ishihara Sangyo Kaisha Ltd.
29. Zhejiang Wynca Chemical Group

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Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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