Owing to the enormous benefits such as crop protection, preservation of food materials, and prevention of vector-borne diseases, the demand in the pesticides market is catapulting. According to IndustryARC, the global pesticide market valued at $55.8 billion as of 2018 and the demand will grow at a compound annual growth rate (CAGR) of 3.67% during the forecast period of 2019 to 2025.

The IndustryARC’s business intelligence report titled “Pesticides Market: By Type (Bio-Pesticides, Synthetic Pesticides); By Crop Type (Vegetables & Fruits, Oilseeds & Pulses, Cereals & Grains, Commercial Crops, Plantation Crops and Others) & By region - Forecast(2019 - 2025).” The report also documents that increasing nutritional qualities and rising attention towards the eradication of the crops is aiding the pesticides market growth. Additionally, the stringent government environment rules and regulation has had an immense impact on the growth of the pesticides market.

Global Pesticides Market: Leading Segments

APAC is leading the global pesticide market with the largest global demand share of 32% as of 2018. The pesticide market is expected to continue luring players even after a steady grow, particularly in China. The world's most populous country now has the fourth largest market for pesticide production which has improved the availability of it in the indigenous market also. Additionally, India has a huge market for pesticides due to the greater demand for food grain and increasing horticulture and floriculture.

On the other hand, the pesticides are used extensively for soil application. This key application segment is increasing at a CAGR of 3.1% during the aforesaid forecast period. It has a huge scope with the accumulation of a pesticide on the soil particle surface.

Global Pesticides Market: Market Trends and Growth Drivers

·     Nano-pesticides are the latest innovative trend in the market. The recent developments in the nanotechnology have surfaced new innovations that has developed the soil and has made it more efficient due to which it can overcome the obstacles. Nanotechnology also lowers the indiscriminate use of conventional pesticide for a healthy environment. This has influenced the pesticides market demand.

·   The restraining use of pesticides of cereals, vegetables, and fruits may lead to the loss in the yield. However, using pesticides reduces the loss from the total production. It is popular in the agriculture industry due to its effective application on pests and insects.

·    The bio-pesticides has influenced the pesticide market. There are several companies that are manufacturing bio-pesticide and have secured a significant level of attraction that simultaneously contributes to the pesticide market revenue.

·    Application of botanical pesticide has become very common for insect and pest management as it is cost-efficient and eco-friendly. The usage of botanical pesticide has envisaged the small scale farmers for triggering value addition and local commercialization of natural resources.

·    Lucento fungicide was launched in 2019, it is a new fungicide which provides a long-lasting preventive and curative activity for a wide range of foliar diseases and reduces dependence on strobilurin. The U.S. Environmental Protection Agency has granted registration for Lucento fungicide in corn, soybeans, peanuts, sugar beets, and wheat to control various diseases.

·   Additionally, PreFence, a new organic biological fungicide, was launched in 2018 for wilt and root diseases. It can also be used to suppress grey mold caused by Botrytis

Global Pesticides Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global pesticides market are BASF SE, Nufarm Ltd, FMC Corp, BioWorks, DuPont, Monsanto, Natural Industries, Dow AgroSciences, Syngenta AG, and Sumitomo Chemical.

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Related Reports:

Botanical Pesticides Market


Organic Pesticide Market


Pesticide Intermediate Market


What can you expect from the report?

The pesticides market report is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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