Pesticides Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global pesticides market was estimated to be US$ 105.34 Billion in 2022 and is expected to grow at a CAGR of 5.7% between 2023 to 2032.
Pesticides are chemicals that are used to kill, control, or repel pests such as insects, rodents, weeds, and fungi. They are widely used in agriculture to protect crops from pests and diseases, improve crop yield and quality, and ensure food security. Pesticides come in different forms, such as sprays, dusts, baits, and granules, and are applied using various methods, including spraying, dusting, and seed treatment.
Pesticides Market Drivers
Rising prevalence of pests and diseases in crops is thriving the market growth
The global pesticide market is driven by several factors, including the increasing demand for food due to population growth, rising prevalence of pests and diseases in crops, and growth in the horticulture and floriculture sectors. The world population is projected to reach 9.7 billion by 2050, which will lead to an increased demand for food.
To meet this demand, farmers will need to increase their crop yield and productivity, which has resulted in the widespread use of pesticides. Additionally, changing weather patterns, globalization of trade, and inadequate crop management practices have led to a rise in pests and diseases in crops, necessitating the use of pesticides to prevent significant crop losses.
Furthermore, the horticulture and floriculture sectors have been growing due to the rising demand for flowers, fruits, and vegetables. These crops are highly vulnerable to pests and diseases, and their quality can be severely impacted if not protected. Therefore, the use of pesticides is essential in these sectors to ensure higher crop yield and quality.
However, it is crucial to use pesticides responsibly and in compliance with regulations to minimize their harmful effects on human health and the environment. Farmers and regulators must work together to ensure that pesticides are used effectively and safely.
Product type segmentation of the Global Pesticides Market
Conventional chemical pesticide segment is the largest in the market
Based on product type, the market is segmented into Conventional Chemical, and Biopesticides.
Among these, the conventional chemical pesticide segment is currently the largest in the global pesticide market, accounting for a significant share of the overall market.
The reason for this is that conventional chemical pesticides have been used in agriculture for many decades and have been widely adopted by farmers worldwide. These chemicals are highly effective in controlling pests and improving crop yields, which is why they are the preferred choice for many farmers.
However, there is a growing demand for bio pesticides, which are derived from natural sources such as plants, bacteria, and fungi. Bio pesticides have several advantages over conventional chemical pesticides, such as being less harmful to human health and the environment, having shorter residual effects, and not promoting the development of pesticide-resistant pests.
As a result, the bio-pesticide segment is expected to grow at a faster rate in the coming years, although it is currently smaller in terms of market share.
Regional Trends of the Global Pesticides Market
Growing demand for sustainable and organic farming practices is driving the market in North America
Geographically, the global pesticides market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
North America: In North America, the key trend in the pesticides market is the increasing demand for sustainable and organic farming practices. This is largely driven by consumer demand for healthier and more environmentally friendly food options. In addition, there is also a growing trend towards precision agriculture, which uses technology to optimize crop yields and reduce the need for pesticides.
Europe: In Europe, the key trend in the pesticides market is the increasing adoption of integrated pest management (IPM) practices. IPM combines various pest control techniques, including cultural, physical, and biological methods, to reduce the reliance on chemical pesticides. This is largely driven by concerns about the environmental impact of pesticides, as well as new regulations aimed at reducing their use.
Asia-Pacific: In the Asia-Pacific region, the key trend in the pesticides market is the increasing demand for food due to a growing population. This is leading to a greater focus on improving agricultural productivity through the use of modern farming techniques and inputs, including pesticides. In addition, there is also a trend towards greater investment in agriculture by governments and private sector players.
Middle East and Africa: In the Middle East and Africa region, the key trend in the pesticides market is the increasing adoption of modern farming practices. This includes the use of pesticides, as well as other inputs such as fertilizers and irrigation systems. This is largely driven by the need to improve agricultural productivity in the face of a growing population and increasing demand for food.
South America: In South America, the key trend in the pesticides market is the increasing use of genetically modified (GM) crops, which are designed to be resistant to certain pests and diseases. This has led to a greater demand for pesticides that are specifically formulated for use with GM crops.
In addition, there is also a growing trend towards sustainable farming practices, driven by concerns about the environmental impact of pesticides and other inputs.
Key players and market strategies:
Companies operating in the global pesticides market have adopted various growth strategies to stay competitive and expand their market share. One of the most common strategies is product development, where companies invest in research and development to create new and improved pesticide formulations that are more effective and safer for the environment.
This can include the development of new active ingredients, as well as formulations that are more targeted and have lower toxicity. Companies also invest in marketing and advertising to promote their products and differentiate themselves from their competitors.
Another growth strategy adopted by companies in the pesticides market is mergers and acquisitions. This involves acquiring or merging with other companies to expand their product portfolio, market reach, and operational capabilities. This can include the acquisition of companies with complementary product lines or geographic presence, as well as the acquisition of smaller companies with innovative products or technologies.
Mergers and acquisitions can also help companies achieve economies of scale and improve their bargaining power with suppliers and customers. However, this strategy can also be risky, as it involves integrating different corporate cultures and management styles, as well as potential regulatory hurdles.
Adama Agricultural Solutions, BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, Gharda Chemicals Limited, Nufarm Limited, Pi Industries Limited, Rallis India Limited, Sumitomo Chemical Co., Ltd., Syngenta AG, UPL Limited, Valent BioSciences LLC, WinField United, Yangnong Chemical Co., Ltd., and many more.
Global Pesticides Market Segmentation:
By Product Type
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
By Application
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
By End User
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
By Region:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Pesticides Market
- Global Pesticides Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Pesticides Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Pesticides Market Estimates (US$ Mn), Product Type, 2019 – 2032
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
- Conventional Chemical
- Global Pesticides Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Pesticides Market Estimates (US$ Mn), Application, 2019 – 2032
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
- Pre-Harvest
- Global Pesticides Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Pesticides Market Estimates (US$ Mn), End Use, 2019 – 2032
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
- Global Pesticides Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Pesticides Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Pesticides Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Pesticides Market Estimates (US$ Mn), Product Type, 2019 – 2032
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
- North America Pesticides Market Estimates (US$ Mn), Application, 2019 – 2032
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
- Pre-Harvest
- North America Pesticides Market Estimates (US$ Mn), End Use, 2019 – 2032
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
- North America Pesticides Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Conventional Chemical
- Europe Pesticides Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Pesticides Market Estimates (US$ Mn), Product Type, 2019 – 2032
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
- Europe Pesticides Market Estimates (US$ Mn), Application, 2019 – 2032
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
- Pre-Harvest
- Europe Pesticides Market Estimates (US$ Mn), End Use, 2019 – 2032
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
- Europe Pesticides Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Conventional Chemical
- Asia Pacific Pesticides Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Pesticides Market Estimates (US$ Mn), Product Type, 2019 – 2032
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
- Asia Pacific Pesticides Market Estimates (US$ Mn), Application, 2019 – 2032
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
- Pre-Harvest
- Asia Pacific Pesticides Market Estimates (US$ Mn), End Use, 2019 – 2032
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
- Asia Pacific Pesticides Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Conventional Chemical
- Middle East & Africa Pesticides Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Pesticides Market Estimates (US$ Mn), Product Type, 2019 – 2032
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
- Middle East & Africa Pesticides Market Estimates (US$ Mn), Application, 2019 – 2032
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
- Pre-Harvest
- Middle East & Africa Pesticides Market Estimates (US$ Mn), End Use, 2019 – 2032
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
- Middle East & Africa Pesticides Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- Conventional Chemical
- South America Pesticides Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Pesticides Market Estimates (US$ Mn), Product Type, 2019 – 2032
- Conventional Chemical
- Herbicide
- Fungicide
- Insecticide
- Bio pesticides
- Bio control Agents
- Plant-Incorporated Protectants
- South America Pesticides Market Estimates (US$ Mn), Application, 2019 – 2032
- Pre-Harvest
- Foliar
- Soil
- Seed
- Post-Harvest
- Pre-Harvest
- South America Pesticides Market Estimates (US$ Mn), End Use, 2019 – 2032
- Row Crops
- Fruits & Vegetables
- Turfs & Ornamentals
- Horticulture
- Other Crop Types
- South America Pesticides Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Conventional Chemical
- Competition Analysis – Global Pesticides Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Adama Agricultural Solutions
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- BASF SE
- Bayer AG
- Corteva Agriscience
- FMC Corporation
- Gharda Chemicals Limited
- Nufarm Limited
- Pi Industries Limited
- Rallis India Limited
- Sumitomo Chemical Co., Ltd.
- Syngenta AG
- UPL Limited
- Valent BioSciences LLC
- WinField United
- Yangnong Chemical Co., Ltd.
- Adama Agricultural Solutions
- Conclusion & Recommendations
Frequently asked questions about this report
How large is the pesticides market?
The pesticides market was estimated to be US$ 105.34 Billion in 2022.
How much is the pesticides market growth?
The pesticides market is expected to grow at a CAGR of 5.7% between 2023 to 2032.
What are the major drivers for the global pesticides market?
The global pesticide market is driven by several factors, including the increasing demand for food due to population growth, rising prevalence of pests and diseases in crops, and growth in the horticulture and floriculture sectors.
Which product has a significant share in the pesticides market?
The conventional chemical pesticide segment is currently the largest in the global pesticide market, accounting for a significant share of the overall market. The reason for this is that conventional chemical pesticides have been used in agriculture for many decades and have been widely adopted by farmers worldwide.
Which is the largest market for pesticides?
Asia-Pacific region is the largest market for pesticides due to the increasing demand for food due to a growing population.
Who are the leading players in pesticides market?
Adama Agricultural Solutions, BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, Gharda Chemicals Limited, Nufarm Limited, Pi Industries Limited, Rallis India Limited, Sumitomo Chemical Co., Ltd., Syngenta AG, UPL Limited, Valent BioSciences LLC, WinField United, Yangnong Chemical Co., Ltd., among others, are the leading players in this market.