Pesticides Market to Grow with a CAGR of 9.67% through 2029

Growing demand for bio-pesticides and high adoption rates of GM crops is expected to drive the Global Pesticides Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Pesticides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Pesticides Market stood at USD 1.59 Billion in 2023 and is anticipated to grow with a CAGR of 9.67% through 2029. The global pesticides market is fueled by several key factors. The growing population and increasing food demand necessitate the use of pesticides to maintain crop health and ensure sufficient food production. Additionally, advancements in farming practices and the introduction of bio-based and organic pesticides contribute to market expansion. Greater awareness of the harmful effects of pests on human health also drives the need for effective pest management solutions. The Global Pesticides Market encompasses the worldwide industry focused on producing, distributing, and selling chemicals designed specifically for agriculture and pest control. These chemicals, formulated with precise compositions and mechanisms of action, effectively target pests that threaten plant health and productivity, including insects, fungi, nematodes, rodents, and weeds.

In the global pesticides market, the biopesticides segment is projected to grow the fastest during the forecast period. A major driver of this rapid growth is the increasing consumer demand for organic and sustainable agricultural products. As awareness rises about the detrimental effects of synthetic pesticides on human health and the environment, consumers are leaning towards food produced with minimal chemical inputs. Biopesticides, derived from natural sources, are seen as safer and more eco-friendly alternatives, boosting their demand.

Stringent regulatory policies aimed at reducing synthetic pesticide use, along with concerns about pesticide residues in food, are also encouraging farmers to adopt biopesticides. Regulatory bodies worldwide are imposing restrictions on conventional pesticides, fostering a favorable environment for biopesticides. Furthermore, advancements in biotechnology and microbial sciences have led to the development of more effective and targeted biopesticide formulations. These innovations have improved the efficacy and reliability of biopesticides, making them increasingly appealing to farmers.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Pesticides Market”

The Global Pesticides Market is segmented into type, product, application, formulation, regional distribution, and company.

Based on Application, Cereal have emerged as the dominating segment in the Global Pesticides Market in 2023. The significant global demand for cereals as a primary staple food drives the growth of this market segment. Cereal crops, which provide essential nutrition to billions of people, are highly vulnerable to various pests, making effective pest control crucial for maintaining their health and maximizing productivity. The strategic selection and application of pesticides are vital for protecting cereal crops, supporting the ongoing growth and importance of this segment within the broader pesticide market. Given the increasing need for food security and sustainable agricultural practices, efficient pest management in cereal production is essential. Ongoing research, innovation, and responsible pesticide use are critical to meeting the global demand for cereals while minimizing environmental impact and ensuring crop resilience against evolving pest threats.

Based on Region, Asia Pacific have emerged as the fastest growing region in the Global Pesticides Market in 2023. The Asia Pacific region boasts a vast agricultural sector, with countries like China and India being major contributors to global food production. The increasing need to boost crop yields to meet the food demands of growing populations drives the demand for pesticides. Advancements in agricultural practices and pesticide formulations have made pest control more efficient and effective, with improved technologies and methods rapidly being adopted across the region. Robust economic growth is leading to increased investments in agriculture, including the development and distribution of advanced pesticides, which supports the widespread adoption of new pesticide technologies. Additionally, changing climatic conditions are introducing new pest challenges in the region, making pesticides crucial for managing these evolving threats and ensuring crop resilience and productivity.

Major companies operating in Global Pesticides Market are:

·         Bayer AG

·         Syngenta Crop Protection AG

·         BASF SE

·         China National Chemical Corporation Ltd.

·         BioWorks, Inc.

·         Pro Farm Group Inc.

·         ADAMA Agricultural Solutions Limited

·         Certis USA L.L.C.

·         The Dow Chemical Company

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“The future of the global pesticides market looks promising, with strong growth anticipated in the coming years. The rising demand for food necessitates effective measures to ensure crop health and yield, driving the need for innovative and efficient pesticides. As environmental concerns become more prominent, there is an increasing focus on developing and adopting bio-pesticides and integrated pest management (IPM) techniques. These sustainable and eco-friendly solutions aim to reduce reliance on conventional pesticides and minimize their environmental impact. With advancements in research and technology, the pesticides market is poised for significant developments. As the industry evolves, it is essential for stakeholders to embrace innovation and adopt practices that ensure crop health and yield while minimizing ecological impacts”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Pesticides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Herbicides, Fungicides, Insecticides, Others), By Product (Synthetic Pesticides, Bio Pesticides), By Application (Cereal, Fruits, Plantation Crops, Vegetables, Others), By Formulation (Dry, Liquid), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Pesticides Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Pesticides Market.

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