Pesticide Preparations Market Overview
Preparations Market size is estimated to reach $81.7 billion by 2027, growing at
a CAGR of 3.5% during the forecast period 2022-2027. The word pesticide is a
blend of two words “Pest” and “Cida” where the former means insects, and the
latter stand for kill. Therefore, pesticides are frequently delineated as
substances that are extensively used to control several crop diseases
instigated by microorganisms like nematodes, mycoplasmas, and biotic agents.
Pesticides are not restricted to safeguarding crops from insects or other
diseases but they have tons of uses ranging from insecticides to algicides.
Algicides are commonly taken into account in households for impeding the growth
of algae in swimming pools. Moreover, bactericides like disinfectants are of
great help to clean various touch-prone things such as door handles especially in
recent times when COVID-19 is roaming around the world. Pesticides fall under
two main categories biopesticides and chemical pesticides. The former is
prepared from natural material whereas the latter is from chemicals like
phosphoric acid. The pesticide preparations market outlook is quite enchanting
due to elevating agriculture and household demands. Proliferating demand for
food ascribing to a broadening population are factors set to drive the growth of
the Pesticide Preparations Industry for the period 2022-2027.
report: “Pesticide Preparations Market Forecast (2022-2027)”, by
Industry ARC, covers an in-depth analysis of the following segments of the Pesticide
Pesticides, Biological pesticides.
Rodenticides, Algicides, Fungicide, Avicide, Bactericide, Insecticide,
Herbicides/ Weeding, and others.
Packaging: Tin containers, Pouches, and
Geography: North America (U.S., Canada, and
Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of
Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New
Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest
of South America) and Rest of World (the Middle East and Africa).
the Asia-Pacific Pesticide Preparations Market accounted for the highest
revenue share in 2021 and it is poised to dominate the market over the period
efficacy of pesticides in promoting plant health is said to be a preeminent
driver driving the growth of the Pesticide Preparations Market. Harmful toxins
of pesticides can set many health issues in motion which is said to reduce market growth.
analysis of the Strength, Weaknesses, and Opportunities of the prominent
players operating in the market will be provided in the Pesticide Preparations
Pesticide Preparations Market- Geography (%) for 2021.
Pesticide Preparations Market Segment Analysis-By Type
Pesticide Preparations Market based on the type can be further segmented into
chemical Pesticides and biological pesticides. The biopesticides segment held the
largest share in 2021. The growth is owing to the effectiveness and non-toxic
nature of biopesticides as compared to chemical pesticides. Biopesticides are
famous for targeting only a few harmful pests while remaining inert to humans,
animals, and birds. Biopesticides are a consequence of natural materials like
minerals, and plants therefore they hold biodegradable nature. Therefore,
biopesticides do not pollute the environment and leave no harmful effect on
food. Therefore, accruing health cognizance among people is forcing farmers to
shift such natural choices. Similarly, the biopesticides segment is estimated
to be the fastest-growing segment with a CAGR of 4.3% over the forecast period
2022-2027. This growth is owing to heightening awareness among farmers about the harmful effects associated with chemical pesticides. According to a report on
farmers' awareness of pesticides contamination, more than 75% of farmers are
aware of the ill effects of synthesized pesticides.
Pesticide Preparations Market Segment Analysis-By Application
Pesticide Preparations Market based on the application can be further segmented
into rodenticides, algicides, fungicides, avicides, bactericides, insecticides,
herbicides/weeding, and others. The insecticides segment held the largest share
in 2021. The growth is owing to the growing attacks of insects every year.
According to Food and Agriculture Organization (FAO), more than 20% of crop
production is dented by pests every year. Many synthetic insecticides like
chlorinated hydrocarbons and organophosphates have become primary agents to keep
insects from damaging crops. Moreover, the insecticides and herbicides segment
is estimated to be the fastest-growing segment with a CAGR of 4.7% over the
forecast period 2022-2027. This growth is owing to budding problems of unwanted
plants and insects which lower the overall yield. Moreover, accruing a
number of farmer awareness programs in developing countries making farmers
aware of contemporary tools and techniques like pesticides will be another big
factor in the growth of the respective segment.
Pesticide Preparations Market Segment Analysis-By Geography
Pesticide Preparations Market based on Geography can be further segmented into
North America, Europe, Asia-Pacific, South America, and the Rest of the World.
Asia-pacific held the largest share with 38% of the overall market in 2021. The
growth in this segment is owing to the factors such as the presence of the
biggest agriculture players like China, and India. China’s agriculture sector
contributes more than 7% to the GDP whereas, over 20-22% of people are employed
in this sector. Similarly, the Indian agriculture sector contributes around
13-14% and employs over 40% of the workforce in the country. Therefore,
considering the immense agriculture industry the demand for pesticides is
fairly high in these states. China is the biggest user of pesticides in the
world with 1,763,000 tons. Moreover, Asia-pacific is expected to offer lucrative
growth opportunities to marketers over the forecast period 2022-2027. This
growth is owing to the augmenting population of China and India is
proliferating the demand for food. Recently, China abrogated the one-child
policy, and the step is supposed to drive growth in the respective segment
also. Moreover, prospering economies of Asian nations are ensuring innumerable
flows of riches into the research and development sector.
Pesticide Preparations Market Drivers
The growing number of bacteria and crop diseases are ascribing to pests is Anticipated to Boost Product Demand
to Food and Agriculture Organization (FAO), more than 20% of world crop
production is dented by pests every year. In addition to that, environmental
complications like climate change are setting many diseases in motion. A report
claims that rising global temperature is posing another major threat to crop
yields as it set up a conducive environment for pests’ growth in motion.
Moreover, the broadening prevalence of bacteria that are of pathogenic nature
or can cause serious illnesses is growing. More than 5% of pathogens are of
stimulate health complications. All these factors are intensifying the use of
pesticides and eventually driving the growth in the pesticide preparations
Elevating demand for food due to proliferating population is Expected to Boost Product Demand
population is whirling around 7.8-7.9 billion and is expected to touch 9- 9.2
billion by 2040. Therefore, accruing world population is putting further weight
on the agriculture industry to meet the curving demand. According to a report
crop production will escalate by 65-70% by the year 2050 and it will eventually
enlarge the usage of pesticides to increase the yield by controlling pests. Moreover, augmenting disposable income is
changing the needs and preferences of people. They are making luxury purchases
like houses equipped with world-class amenities. Therefore, pesticides usage is
swelling as disinfectants and algicides to clean several materials and
Pesticide Preparations Market Challenges
Health side effects linked with the use of pesticides are Anticipated to Hamper Market Growth
are several side effects accompanied by the use of pesticides in the
agriculture industry and household practices which are anticipated to strangle
the growth in the respective market. According to the Encyclopedia of Agriculture and Food Systems, only 18% of pesticides fall into the category of low resistance risk. Decomposition of pesticides occurs over a
long interval of time therefore they leave their harmful residue in the final
product, pollute the groundwater, and destroy the natural habitat which maintains
the biodiversity cycle. Moreover, their accidental intake can originate
complications such as diarrhea, nausea, abdominal pain or swelling, and others.
On another hand, accruing health awareness among people can turn into a setback
for the respective industry as people will not take more than a second to weed
such harmful foods out of their grocery list.
Pesticide Preparations Industry Outlook:
launches, mergers and acquisitions, joint ventures, and geographical expansions
are key strategies adopted by players in the Pesticide Preparations Market. Pesticide Preparation Market companies of this market are-
Land O’Lakes Inc.
- On January
12, 2022, Biotalys and Olon have entered into a long-term partnership for the
production of protein-based biocontrols. The following would be a major step
forward in production efficiency and scalability. The partnership is driven
by the common vision of transforming food protection with unique protein-based
biocontrol solutions and secures the global supply of Biotalys’ newly developed bio fungicide, Evoca™*, planned for market introduction in the United
States in the second half of 2022 – pending regulatory approval.
- On December
17, 2021, Pesticide Manufacturers would pay less in fiscal 2022 to register new
pesticides. The following were announced by US Environmental Protection Agency
made an announcement. The agency would charge $3660 per pesticide product,
which is a ready decline of 8.5% from 2021. The EPA made the change to prevent
exceeding the number of fees it can collect under the Pesticide Registration
Improvement Extension Act of 2018, which authorizes the agency to collect a
total of $155 million over 5 years. The EPA collected $92.6 million in the first 3
years, leaving $62.4 million for fiscal 2022 and 2023. It adjusted the fee
amount, so it won’t bring in more than half that balance, or $31.2 million, in
- In February 2019, UPL Ltd acquired Arysta LifeScience (Arysta) from Platform Specialty Products for around $ 4.2 Billion. This further strengthened the company’s position as a significant player in agricultural solutions.
Code: AGR 0040
Code: CMR 0115
Report Code: CMR 1049
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