Agricultural Pesticides Market Size, Share, Growth, and Industry Growth by Type (Herbicides, Insecticides, Fungicides, and Others) By Application (Cereal, Fruits, Plantation Crops, Vegetables, and Others) Regional Forecast (2022-2028)

REPORT OVERVIEW

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The global agricultural pesticides market size was USD 69.04964 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with agricultural pesticides experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 82.8527 billion by 2027, exhibiting a CAGR of 3.08% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Agricultural pesticides are used to control pests, including weeds. It is used to protect plants from fungi, insects, or weeds.

Factors that positively boost market growth are faster economic growth and increased population globally. Increased awareness about modern farming techniques and the growing need to protect cultivation from fungi, insects, or weeds. Rise in R&D activities and rise in government regulations. All these factors are anticipated to fuel market growth. Increased demand for organic food products an increased number of farmers, and easy availability of the product are expected to surge market growth. A rise in demand for organic food and high order to prevent food wastage and the shortage is estimated to surge market growth. The increased need for fresh vegetables and fruits is predicated to fuel market growth. On the contrary, a rise in awareness about the side effects of pesticides and geopolitical tensions coupled with expired issues is anticipated to harm market growth in the forthcoming years.   

COVID-19 Impact: Restricted Transportation and Halt in Import & Export Activities to Harm Market Growth

The outbreak of the Coronavirus pandemic has affected the agriculture input sector. Lockdown restrictions and local transport of raw material to hamper market growth. The market witnessed disruption in the supply chain coupled with disturbance in distributing agrochemical. Further, socio-economic upheavals and halt in import export activities. These factors hampered market growth during the pandemic period.

LATEST TRENDS

"Growing Scope of Nano-Insecticides to Drive Market Growth "

Increased scope of non-insecticides coupled with horticulturists & toxicologists are adopting nanotechnology. Rapid development of new insecticides associated with increased study to develop non-toxic pesticides is anticipated to fuel market growth. The product is more effective when it is sprayed on agriculture fields. Faster economic growth and increased population globally. Increased awareness about modern farming techniques and the growing need to protect cultivation from fungi, insects, or weeds. Rise in R&D activities and rise in government regulations. All these factors are anticipated to fuel market growth in the forthcoming years.

SEGMENTATION

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• By Type

Based on type, the market is divided into insecticides, herbicides, fungicides, and others.

Herbicides are expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into fruits, cereal, plantation crops, vegetables, and others.

Plantation crops are expected to be the top part of application segmentation.

DRIVING FACTORS

"Adoption of Modern Farming Techniques to Fuel Market Growth "

Increased adoption of modern farming techniques coupled with high adoption of intensive farming techniques is anticipated to fuel market growth. Growing agriculture mechanization and intensification are estimated to surge market growth. Increased demand for the product among farmers is predicted to drive market growth. Further, the growing population and majority of farmers focus on protecting farms from damage. The increased need for pest management coupled with different pest control methods is estimated to fuel market growth in the forthcoming years. Growing awareness about crop management is anticipated to accelerate market growth in the upcoming years.

"Change in Climate Condition and Growing Need to Control Pest to Accelerate Market Growth "

Change in climatic condition and an increased need for an economical solution is projected to surge market growth. A rise in the need for effective crop solutions is predicted to drive market growth. Further, several climatic fluctuations and irregular rainfall is estimated to surge market growth. The majority of farmers depend on pesticides to increase crop production. High demand for increased food production rates coupled with a rise in fungal population is anticipated to accelerate market growth in the forthcoming years. Increased research and development activities are projected to expand agricultural pesticides market growth.

RESTRAINING FACTORS

"Side Effects of Pesticides and Geopolitical Tensions to Harm Market Growth"

A rise in awareness about the side effects of pesticides on the environment and geopolitical tensions coupled with expired issues is anticipated to harm market growth in the forthcoming years. 

REGIONAL INSIGHTS

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"Increased Population and Adoption of Crop Protection Products in Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to account for the highest agricultural pesticides market share due to increased population and growing awareness to adopt crop protection products. The expansion of cultivated areas in the region and the increased need for food crops is anticipated to fuel market growth. Faster economic growth and increased population globally. Increased awareness about modern farming techniques and the growing need to protect cultivation from fungi, insects, or weeds. Rise in R&D activities and rise in government regulations. All these factors are anticipated to fuel market growth. Modern farm inputs adoption and growing exports of agricultural commodities are expected to fuel market growth in the region.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Albaugh (U.S.)
• Hubei Sanonda (China)
• Nufarm (Australia)
• Syngenta AG (Switzerland)
• Land O'Lakes, Inc. (U.S.)
• Schirm GmbH (U.S.)
• Sumitomo Chemical (Japan)
• FMC (U.S.)
• DowDuPont (U.S.)
• SC Johnson (U.S.)
• Jiangsu Good Harvest-Weien Agrochemical (China)
• Agro-Kanesho Co., Ltd. (Japan)
• Bayer AG (Germany)
• Monsanto (U.S.)
• Agrium (Canada)
• Nippon Soda Co., Ltd. (Japan)
• Mitsubishi Corporation (Japan)
• BASF SE (Germany)
• Mitsui & Co., Ltd. (Japan)
• Marubeni Corporation (Japan)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.