How Does Market Research Drive Innovation in the Agricultural Pesticides Market?
Ngày đăng: 19-03-2025 |
Ngày cập nhật: 19-03-2025
Introduction
The global Agricultural Pesticides Market continues to expand, fueled by increasing global food demand and the need for higher crop yields. As of 2024, the market size is estimated at USD 69.06 billion and is set to grow to USD 93.47 billion by 2034, advancing at a CAGR of 3.1% during the forecast period (2025-2034). This reflects the steady demand for crop protection solutions to address pests, weeds, and diseases affecting agricultural output.
The Agricultural Pesticides Market is significantly influenced by various key market drivers that shape its dynamics. Increasing agricultural productivity to meet the demands of a growing population is a primary factor driving market growth.
Market Drivers
Key Market Dynamics
Key Market Opportunities
Browse Report" - Explore the report's contents, sections, and key insights by browsing through its detailed information.
Market Segmentation
Segment Insights
Key Players
Recent Developments
Regions Covered
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New York, New York 10013
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Email: sales@marketresearchfuture.com
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The global Agricultural Pesticides Market continues to expand, fueled by increasing global food demand and the need for higher crop yields. As of 2024, the market size is estimated at USD 69.06 billion and is set to grow to USD 93.47 billion by 2034, advancing at a CAGR of 3.1% during the forecast period (2025-2034). This reflects the steady demand for crop protection solutions to address pests, weeds, and diseases affecting agricultural output.
The Agricultural Pesticides Market is significantly influenced by various key market drivers that shape its dynamics. Increasing agricultural productivity to meet the demands of a growing population is a primary factor driving market growth.
Market Drivers
- Rising Global Food Demand: Growing population and urbanization drive the need for increased Agricultural Pesticides Market productivity, which in turn raises the demand for pesticides.
- Crop Losses due to Pests: Significant crop losses caused by pests and diseases continue to fuel pesticide use to safeguard food supply chains.
- Advancements in Agrochemical R&D: Continuous innovations in pesticide formulations and delivery systems are enhancing efficacy and sustainability.
- Government Support: Regulatory bodies in several regions are promoting the responsible use of agricultural pesticides to ensure food security.
Key Market Dynamics
- Shift Towards Bio-based Pesticides: The market is witnessing a gradual shift toward organic and eco-friendly pesticides driven by environmental concerns.
- Regulatory Challenges: Stringent regulations related to synthetic chemical usage and residue levels are affecting market dynamics.
- Technological Integration: The use of precision farming and integrated pest management (IPM) techniques is reshaping the pesticide application landscape.
Key Market Opportunities
- Growing Demand for Organic Farming: Increasing consumer demand for organic products presents opportunities for biopesticide manufacturers.
- Emerging Markets Expansion: Untapped agricultural potential in regions such as Africa and Southeast Asia offers significant growth prospects.
- Sustainable Pesticide Solutions: Development of next-generation pesticides with reduced environmental footprint is gaining traction.
Browse Report" - Explore the report's contents, sections, and key insights by browsing through its detailed information.
Market Segmentation
- By Type:
- Herbicides: Most widely used to control weed growth in major crops such as cereals and grains.
- Insecticides: Essential for controlling insect pests in cash crops and vegetables.
- Fungicides: Increasing adoption due to rising fungal infections impacting yield.
- Others (Rodenticides, Nematicides): Used for specific pest threats, especially in horticulture and plantation crops.
- By Crop Type:
- Cereals & Grains: Major consumers of pesticides due to large-scale cultivation.
- Fruits & Vegetables: High-value crops that require intensive pest management.
- Oilseeds & Pulses: Growing segment due to increasing demand for soybean and other oil crops.
- By Formulation:
- Liquid Formulations: Widely used due to ease of application and high absorption rates.
- Dry Formulations: Preferred in certain climates and for specific pest control strategies.
- By Application:
- Foliar Spray: Most common method, offering quick pest control.
- Soil Treatment: Used to prevent pest outbreaks at the root level.
- Seed Treatment: Increasingly adopted to protect seeds from early-stage pests.
Segment Insights
- Herbicides dominate the pesticide market, driven by increasing weed problems in major cropping systems of Agricultural Pesticides Market
- Cereals & Grains lead the crop type segment, with high pesticide use in crops like rice, wheat, and corn.
- Liquid Formulations are the most preferred, due to their widespread compatibility with spraying equipment.
- Foliar spray methods are prevalent, offering rapid pest mitigation and ease of use for farmers globally.
Key Players
- BASF SE
- Bayer AG
- Syngenta AG (A ChemChina company)
- Corteva Agriscience
- FMC Corporation
- UPL Limited
- Nufarm Limited
- Sumitomo Chemical Co., Ltd.
- ADAMA Agricultural Solutions Ltd.
- Albaugh, LLC
Recent Developments
- Bayer AG introduced a new line of climate-smart pesticides aimed at improving crop resilience.
- Corteva Agriscience expanded its biopesticide portfolio through strategic partnerships with biotech firms.
- Syngenta AG launched an AI-powered pest monitoring system to optimize pesticide application in 2024.
- FMC Corporation announced its investment in sustainable active ingredients to reduce environmental impact.
Regions Covered
- North America: Agricultural Pesticides Mature market with advanced farming technologies and strong regulatory frameworks.
- Europe: Increasing demand for biopesticides and sustainable farming practices.
- Asia Pacific: Fastest-growing market due to rising food production and government support in countries like India and China.
- Latin America: Significant growth potential, especially in Brazil and Argentina, due to large-scale farming.
- Middle East & Africa: Gradual adoption driven by efforts to boost agricultural productivity under arid conditions.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com/
