Pesticide Preparations Market - Forecast(2024 - 2030)

Report Code: FBR 51979 Report Format: PDF + Excel

Pesticide Preparations Market Overview

Pesticide 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 Coverage

The report: “Pesticide Preparations Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Pesticide Preparations Market.

By Type: Chemical Pesticides, Biological pesticides.
By Application: Rodenticides, Algicides, Fungicide, Avicide, Bactericide, Insecticide, Herbicides/ Weeding, and others.
By Packaging: Tin containers, Pouches, and others.
By 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).

Key Takeaway

  • Geographically, 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 2022-2027.
  • The 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.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Pesticide Preparations Market report.

Pesticide Preparations Market- Geography (%) for 2021.

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Pesticide Preparations Market Segment Analysis-By Type

The 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

The 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

The 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

According 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 market.

Elevating demand for food due to proliferating population is Expected to Boost Product Demand

The world 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 swimming pools.

Pesticide Preparations Market Challenges

Health side effects linked with the use of pesticides are Anticipated to Hamper Market Growth

There 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:

Product 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-
Syngenta AG
FMC Corporation
Bayer AG
Syngenta AG
ChemDatas agrochemicals
Land O’Lakes Inc.

Recent Developments

  • 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 fiscal 2022. 
  • 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.

Relevant Links:

Report Code: AGR 0040

Report Code: CMR 0115

Report Code: CMR 1049

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1. Pesticide Preparations Market Overview
    1.1 Definitions and Scope
2. Pesticide Preparations Market- Executive Summary
3. Pesticide Preparations Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Pesticide Preparations Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Pesticide Preparations Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Pesticide Preparations Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Pesticide Preparations Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Pesticide Preparations Market- By Type (Market Size –$Million/$Billion) 
    8.1 Chemical Pesticides
    8.2 Biological Pesticides
9. Pesticide Preparations Market- By Application (Market Size –$Million/$Billion) 
    9.1 Rodenticides
    9.2 Algicides
    9.3 Fungicides
    9.4 Avicide
    9.5 Bactericide
    9.6 Insecticide
    9.7 Herbicides/ Weeding
    9.8 Others
10. Pesticide Preparations Market- By Packaging (Market Size –$Million/$Billion) 
    10.1 Tin Containers
    10.3 Pouches
    10.3 Others
11. Pesticide Preparations Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Pesticide Preparations Market - Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Pesticide Preparations Market – Industry Competition Landscape (Premium)
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key Companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Pesticide Preparations Market – Key Company List by Country Premium (Premium)
15. Pesticide Preparations Market - Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
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