Pesticides Market to reach USD 2.79 Bn at a CAGR of 11.5 percent by 2030- Says Maximize Market Research

May 16 21:52 2024
Pesticides Market to reach USD 2.79 Bn at a CAGR of 11.5 percent by 2030- Says Maximize Market Research
Pesticides Market
Pesticides Market size was valued at US $ 1.30 Bn. in 2023 and the total revenue is expected to grow at 11.5 % through 2024 to 2030, the Pesticides market is reaching nearly US $ 2.79 Bn in 2030.

Maximize Market Research, a leading Material & Chemical business consultancy and research firm has published a report on the “Pesticides Market”. The total market opportunity for the Pesticides Market was USD 1.30 Bn in 2023 and is expected to grow at a CAGR of 11.5 percent through the forecast period, reaching USD 2.79 Bn by 2030. As per the Maximize Market Research report, the global pesticide market is expected to be dominated by the Asia-Pacific region to grow at a significant growth rate over the forecast period.

Pesticides Market Scope and Research Methodology

Market Size in 2023: USD 1.30 Billion

Market Size in 2030: USD 2.79 Billion

CAGR: 11.5 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 228

No. of Tables: 134

No. of Charts and Figures: 190

Segment Covered: By Pesticide Type, Crop Type, and Formulation

Regional Scope: North America, Europe, Asia Pacific, and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

The pesticide market report delves into the evolving landscape and providing insights into market segmentation, research methodology, drivers, restraints, and regional analysis. With a focus on key segments, and market dynamics, this report serves as a vital resource for stakeholders in the healthcare industry.

The report synthesizes data from diverse sources, including primary interviews with industry experts and secondary research. The analysis incorporates a nuanced understanding of market dynamics amidst global disruptions. Through quantitative and qualitative analyses, we provide actionable insights to aid decision-makers in navigating market challenges and opportunities.

By implementing a thorough research methodology, the report ensures dependability, accuracy, and importance in its assessments, making it a valuable resource for stakeholders, investors, and decision-makers in the pesticide market.

Instant access is available by downloading your exclusive sample copy of the report right now!

Pesticides Market Overview

The pesticide market encompasses the global industry involved in the production, distribution, and sale of chemical substances used to control pests that damage crops, livestock, and property. Pesticides include herbicides for controlling weeds, insecticides for controlling insects, fungicides for controlling fungi, and rodenticides for controlling rodents. The market is driven by the growing demand for agricultural products due to population growth, increasing food demand, and the need to enhance crop yields. Farmers use pesticides to protect crops from pests and diseases, thereby improving agricultural productivity and ensuring food security. Additionally, the rising adoption of genetically modified (GM) crops, which are engineered to resist pests and diseases, contributes to the demand for pesticides. However, concerns about the environmental and health impacts of pesticide use, regulatory restrictions, and the emergence of pesticide-resistant pests pose challenges to market growth.

 Pesticides Market Dynamics

The market for pesticide preparations is expected to grow significantly thanks to the increasing demand for food security and agricultural productivity. Farmers are relying more on pesticides to safeguard their crops from diseases and pests due to the world’s population growth and diminishing arable land. Market growth is also being driven by advancements in pesticide formulations, including bio-based and environmentally friendly alternatives, which are becoming more popular. Additionally, stringent regulations governing pesticide use and safety standards are prompting producers to develop innovative, eco-friendly options. Also, diseases and pest outbreaks caused by climate change are necessitating more rigorous crop protection methods, driving the market’s growth. The advancement of integrated pest control solutions and precision agriculture techniques, as well as other technological enhancements in pesticide formulations, are also supporting market growth. Moreover, increasing public awareness of the environmental damage caused by conventional pesticides has led to the use of organic and bio-based alternatives, expanding the market. As a result, a significant development in the market for pesticide preparations is expected soon.

Pesticides Market Regional Insight

North America leads the global pesticide market as it has extensive agricultural land, providing fertile ground for crop cultivation. To maintain high crop yields and protect crops from pests, pesticides play a crucial role. Additionally, North America’s agricultural sector utilizes advanced farming practices and cutting-edge technologies to improve efficiency and productivity. This, combined with strong governmental support for agricultural growth and sustainability, fosters a favorable environment for the demand and adoption of pesticides. The presence of leading pesticide manufacturers in the region further strengthens the supply chain, ensuring continuous availability of these essential products. This robust ecosystem not only reinforces the regional market’s stability but also drives continuous innovation and development in the field of pesticides. North America’s dominance in the global pesticide market is attributed to its vast agricultural landscapes, advanced farming practices, government support, and a well-established network of industry-leading manufacturers, positioning the region as a key player in meeting global demand for pesticides.

Pesticides Market Segmentation

By Pesticides Type         

  • Bio- Pesticides
  • Synthetic Pesticides
  • Others

By Crop Type    

  • Vegetables & Fruits
  • Oilseeds & Pulses
  • Cereals & Grains
  • Commercial Crops
  • Plantation Crops
  • Turfs & Ornamentals
  • Others

By Formulation

  • Liquid
  • Dry

Pesticides Manufacturers include:

  1. North America
  • DuPont de Nemours Inc
  • FMC Corp
  • The DOW Chemical Company
  • Monsanto Company
  1. Europe
  • Bayer AG
  • Isagro Spa
  • Novozymes AS
  • Syngenta Crop Protection AG
  • Aeroxon Insect Control GmbH
  • Zotal Laboratories
  • Doff Portland Ltd
  • Sibbiopharm Ltd
  1. Asia Pacific
  • ADAMA Ltd
  • Cropnosys India Pvt. Ltd
  • NACL Industries Ltd
  • Nantong Jiangshan Agrochemical and Chemicals Ltd Liability Co.
  • Nufarm Ltd
  • Shandong Weifang Rainbow Chemical Co. Ltd
  • Sichuan Fuhua Agricultural Investment Group
  • Sinochem Group Co. Ltd
  • Sumitomo Chemical Co. Ltd
  • UPL Ltd
  • Wynca Group
  • Hebei Maison Chemical Co., Ltd.
  • Anhui Xiangfeng Chemical Co., Ltd.
  • Aristo Biotech and Life Science Pvt. Ltd
  • GVI Life Care Co., Ltd.
  • DAEGIL Co., Ltd.
  • Zuari Agro Chemicals Ltd

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Key questions answered in the Pesticides Market are:

  • What are pesticides?
  • What is the current growth rate of the pesticide market?
  • Who are the key players in the Pesticide Market?
  • What are the factors affecting growth in the Pesticide Market?
  • Who held the largest market share in the Pesticide Market?
  • What is the demand pattern for the Pesticide Market?
  • What are the key trends in the Pesticide Market?
  • What are the strategies used by competitors in the Pesticide Market?
  • What are the growth prospects in developing countries for the Pesticides Market?
  • Which segment is expected to witness the fastest growth and why in the Pesticides Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by Different Segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Pesticide Type, Crop Type, Formulation, and Region.
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:

Chlorothalonil MarketThe market size was valued at USD 285.60 Million in 2023 and the total Chlorothalonil revenue is expected to grow at a CAGR of 6.4% from 2024 to 2030, reaching nearly USD 440.91 Million by 2030.

Microencapsulated Pesticides MarketThe market size is expected to reach nearly US$ 1102.36 Mn. by 2029 with a CAGR of 11.55% during the forecast period.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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