How Is The Pesticide And Other Agricultural Chemicals Market Segmented?
The pesticide and other agricultural chemicals market covered in this report is segmented –
1) By Type: Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals
2) By Origin: Synthetic, Bio-Based
3) By Application: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Applications
Subsegments:
1) By Herbicides: Pre-emergent Herbicides, Post-emergent Herbicides, Selective Herbicides, Non-selective Herbicides
2) By Insecticides: Organophosphate Insecticides, Pyrethroid Insecticides, Neonicotinoid Insecticides, Biological Insecticides
3) By Fungicides: Contact Fungicides, Systemic Fungicides, Biofungicides, Multi-site Fungicides
4) By Other Pesticide and Other Agricultural Chemicals: Rodenticides, Nematicides, Molluscicides, Plant Growth Regulators
Pesticide And Other Agricultural Chemicals Market Driver: Population Growth Fuels The Pesticides And Other Agricultural Chemicals Market In The Forecast Period
The world population is growing and is expected to reach 10 billion by 2050. This is expected to significantly boost the pesticide and other agricultural chemicals market during the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production. This is expected to increase the demand for insecticides, herbicides, and fungicides in the forecast period.
Pesticide And Other Agricultural Chemicals Market Driver: Rising Crop Diseases And Pest Threats Fuel Growth In The Pesticides And Agricultural Chemicals Market
The prevalence of crop diseases and pests is expected to propel the growth of the pesticides and other agricultural chemicals market going forward. Crop protection refers to the use of various strategies, including pesticides and other practices, to safeguard crops from damage or loss due to pests, diseases, weeds, and environmental factors, ensuring optimal agricultural yields and quality. Pesticides and other agricultural chemicals help combat crop diseases and pests by either directly killing or inhibiting the growth of these harmful organisms or by modifying plant characteristics to resist them, thereby protecting crop yields and quality. For instance, in February 2023, according to the Food and Agriculture Organization, a US-based Department of Agriculture, pests rob between 20% and 40% of the world's crop supply each year. Each year, invading insects and plant diseases cost the world economy a combined $220 billion. Therefore, the prevalence of crop diseases and pests is driving the growth of the pesticides and other agricultural chemicals market.
Global Pesticide And Other Agricultural Chemicals Market Major Players
Major companies operating in the pesticide and other agricultural chemicals market include Mitsui Chemicals Inc., BASF SE, Marubeni Corporation, Bayer AG, Nutrien Ltd., Syngenta AG, Sumitomo Chemical Co. Ltd., Corteva Inc., China National Chemical Corporation, DuPont de Nemours Inc., Nippon Soda Co. Ltd., Bharat Rasayan Limited, Sinochem International Corporation, FMC Corporation, Adama Agricultural Solutions, Nufarm Limited, Nissan Chemical Corporation, Arysta Lifescience Corporation, PI Industries Ltd., Meghmani Organics Limited, Crystal Crop Protection Pvt. Ltd., Gowan Co. LLC, Isagro S.p.A., Rallis India Limited, Albaugh LLC, UPL Limited, Rotam Agrochemical Company Ltd., Wynca Group, Insecticides India Limited, Drexel Chemical Co. Inc., Willowood Limited
Global Pesticide And Other Agricultural Chemicals Market Trend: ADAMA Ltd. Launches Generic Chlorantraniliprole Insecticides To Enhance Crop Protection In India
Major companies operating in the pesticide and agricultural chemicals market are prioritizing the development of advanced agrochemical formulations, such as generic chlorantraniliprole insecticides, to address growing pest resistance and enhance crop protection. Generic chlorantraniliprole insecticides refer to nonbranded versions of insecticides that use chlorantraniliprole as the active ingredient. For instance, in September 2023, ADAMA Ltd., an Israel-based chemical company, unveiled its first generic formulations of chlorantraniliprole (CTPR) in India, introducing Cosayr and Lapidos. Cosayr is a foliar solution aimed at controlling pests such as stem borer and leaf folders that affect rice crops, while Lapidos is a granular formulation designed to protect crops during their early growth stages. This launch demonstrates ADAMA's dedication to improving agricultural productivity through effective pest management solutions, leveraging its in-house production capabilities as part of its "Core Leap" strategy, which focuses on utilizing off-patent active ingredients.
Global Pesticide And Other Agricultural Chemicals Market Trend: Leading Agrochemical Companies Innovate With Eco-Friendly Formulations To Address Growing Demand For Sustainable Crop Protection Solutions
Major companies in the pesticide and agricultural chemicals market are prioritizing the development of advanced agrochemical formulations, including eco-friendly and bio-based alternatives, to meet increasing demand for sustainable and effective crop protection solutions. Agrochemical formulations refer to the specific combinations and compositions of chemicals, including pesticides and fertilizers, designed for agricultural use to enhance crop health and productivity. For instance, in March 2022, Best Agrolife (BAL), an India-based agrochemical manufacturing company, launched Citigen and Vistara along with six new formulations such as Amito, Promos, Propique, Ghotu, Doddy, and Headshot. Broad-spectrum insecticide Citigen (Chlorantraniliprole 18.5% W/W SC) has remarkable insecticide efficacy, a longer rain fastness, and low mammalian toxicity. Pests in crops such as sugarcane, rice, cabbage, cotton, tomato, call, soybean, brinjal, pigeon pea, Bengal gram, black gram, bitter gourd, okra, maize, and groundnut can be managed effectively with Citigen. Ball worms, stem borers, fruit borers, gran pod borers, stem flies, tobacco caterpillars, and pod borers are among the pests IT affects.
Pesticide And Other Agricultural Chemicals Market Merger And Acquisition: Sumitomo Chemical Acquires Fbsciences To Enhance Sustainable Agriculture Portfolio And Drive Carbon Neutrality Goals
In February 2023, Sumitomo Chemical Co., Ltd., a Japan-based chemical company, acquired FBSciences Holdings Inc. for an undisclosed amount. Through this acquisition, Sumitomo aims to enhance its biorational business and portfolio of biostimulants and biopesticides, aligning with its strategy to meet rising demand for sustainable agricultural solutions and achieve carbon neutrality by 2050 through the integration of innovative technologies that improve crop health and yield while reducing environmental impact. FBSciences Holdings Inc., a US-based developer of plant healthcare technology, offers biostimulants and biopesticides.
Regional Outlook For The Global Pesticide And Other Agricultural Chemicals Market
Asia-Pacific was the largest region in the pesticide and other agricultural chemicals market in 2024. Western Europe was the second largest region in the pesticide and other agricultural chemicals market. The regions covered in the pesticide and other agricultural chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pesticide and other agricultural chemicals market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Pesticide And Other Agricultural Chemicals Market?
The pesticides and other agricultural chemicals market consists of the sales of rodenticides, liming and acidifying agents, soil conditioners, and chemicals used in animal husbandry. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Pesticide And Other Agricultural Chemicals Industry?
The pesticides and other agricultural chemicals market research report is one of a series of new reports from The Business Research Company that provides pesticides and other agricultural chemicals market statistics, including pesticides and other agricultural chemicals industry global market size, regional shares, competitors with a pesticides and other agricultural chemicals market share, detailed pesticides and other agricultural chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the pesticides and other agricultural chemicals industry. This pesticides and other agricultural chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
