Agricultural Pesticides Market Report, By Type (Insecticides, Herbicides, Fungicides, Others), By Application (Fruits, Vegetables, Cereal, Plantation, Crops, Others) and Regions 2024-2032

Market Overview:

"The global agricultural pesticides market size reached US$ 74.2 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 97.7 billion in 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032."

Agricultural pesticides are chemical chemicals or mixes used in agriculture to protect crops from pests such as insects, weeds, fungi, and other dangerous organisms.They are intended to prevent or control the spread of pests that could harm or reduce agricultural productivity. There are various sorts of agricultural insecticides.

While pesticides can be beneficial for crop protection, their use should be carefully managed to reduce detrimental effects on the environment, non-target creatures, and human health. To ensure the responsible and sustainable use of pesticides in agriculture, integrated pest management (IPM) solutions are frequently advised.

To lessen dependency on chemical treatments, IPM combines several pest management strategies, such as biological control, cultural practices, and the judicious use of pesticides.

Agricultural Pesticides Market Report Overview:

The global agricultural pesticides market report provides comprehensive insights into driving factors, restraints, opportunities, and trends, with provision of in-depth supporting information, data, and statistics and actionable insights. Though covered and provided extensively across the report, the data and information format are simple, yet dynamic in order to ensure ease of reading and understanding, as well as presenting and maximizing leverage and use.

Agricultural pesticides market share and revenues are provided in detail for previous years in order to showcase the evidence upon which our estimations and forecasts are based. Revenue growth rates and differences, as well as comparisons and relatable data are provided to further support all findings. Data points are provided for each year – from historical to end of forecast period – and this format is followed for each segment region and respective countries, as well as sub-segments and others.

Vital details of major companies in the market are provided in the company profile section of the report. Cover includes financials, recent developments, strategies, product launches, agreements, expansion, mergers & acquisitions, and others. 

The global agricultural pesticides market report is segmented according to type, power source, industry vertical, and regions and countries. Regional segmentation includes North America (United States and Canada); Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Poland, BENELUX, NORDIC, and Rest of Europe); Asia Pacific (China, India, Japan, South Korea, ASEAN, Australia & New Zealand, & Rest of Asia Pacific); Latin America (Brazil, Mexico, Argentina, & Rest of Latin America); Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of MEA).

Agricultural Pesticides Market Trends and Drivers:

Growing Demand for Environmentally Friendly and Sustainable Pesticides: There is a growing agricultural pesticides market demand that have a lower environmental impact and are regarded safer for both human health and non-target creatures. Increased consumer awareness and policies supporting sustainable farming practices are driving this trend.

Shift to Integrated Pest Management (IPM): Farmers and agricultural practitioners are implementing integrated pest management strategies that include numerous pest control measures, including as biological controls, cultural practices, and pesticide precision application. IPM strives to reduce pesticide reliance while efficiently managing pests.

Biopesticides: Biopesticides, which are generated from natural sources such as plants, bacteria, and fungi, have gained appeal due to their eco-friendliness and lower risk of chemical residues. The biopesticides market has grown steadily, owing to advances in biotechnology and research on effective microbial agents.

Harsher Regulations and Registration Procedures: Governments around the world are establishing harsher regulations and registration procedures for pesticide products. This has increased scrutiny of pesticide use and spurred the creation of safer and more sustainable goods.

Advances in Application Techniques: The agricultural sector has seen technological breakthroughs in precision agriculture and pesticide application techniques. Drones, sensors, and GPS-guided equipment have made pesticide spraying more precise and targeted, reducing waste while increasing efficacy.

Global Market Expansion: Demand for agricultural products is increasing globally as a result of population growth and changing food trends. As a result, the agricultural pesticides market has increased to satisfy the expanding demands of farmers globally.

What Factors Are Restraining Growth of Agricultural Pesticides Market?

Growing Environmental Concerns: As people become more conscious of the environmental effects of chemical pesticides, there has been a push for more sustainable agriculture techniques. Pesticide residues in food, water pollution, and harm to non-target organisms have driven regulatory bodies and consumers to advocate for safer and more environmentally friendly alternatives.

Stricter restrictions: Governments around the world have been enacting stricter restrictions for pesticide use, registration, and residual limits. These restrictions are intended to safeguard the environment and human health, but they may increase compliance costs and limit the use of some pesticides.

Growing Adoption of Organic Farming: As people become more concerned about their health and the environment, there is a greater demand for organic produce. Organic farming avoids the use of synthetic pesticides, which has an impact on the market for conventional agricultural pesticides.

Transition to Integrated Pest Management (IPM): Farmers are increasingly implementing integrated pest management approaches that include multiple pest control strategies, such as biological treatments and cultural practices. IPM minimizes dependency on chemical pesticides, affecting demand for traditional pesticide products.

Biopesticides' Emergence: The rise of biopesticides generated from natural sources has stifled commercial pesticide sales. Biopesticides are more environmentally friendly and have fewer negative impacts on non-target creatures and the environment.

Expensive Research and Development: Developing and registering new pesticide products is an expensive and time-consuming procedure. This factor may dissuade fresh pesticide development investments.

Raw Material Price Volatility: The prices of raw materials used in pesticide formulations can be unpredictable, affecting pesticide manufacturers' production costs and profitability.

What are the Opportunities for Leading Agricultural Pesticides Manufacturers? 

Sustainable and environmentally friendly solutions: As people become more aware of environmental issues, there is a greater need for environmentally friendly insecticides. To enter this market, manufacturers can invest in research and development of sustainable alternatives to traditional pesticides.

Biological Pesticides: Biological pesticides, such as biopesticides and biocontrol, have gained appeal due to their minimal environmental impact and target-specificity. Leading manufacturers might extend their product line in this area to meet expanding demand.

Precision Farming and Digital Agriculture: Technological advancements have resulted in the creation of digital agriculture and precision farming techniques. Pesticide manufacturers can create pesticide formulations that work with precision farming technologies to improve application, reduce waste, and boost efficiency.

Market Expansion in Emerging Countries: Growing agricultural sectors in emerging countries give chances for pesticide manufacturers to enhance their market presence in these regions.

Crop Protection Research: For leading manufacturers, continuous research to produce new and improved pesticide formulations that give better crop protection while causing little harm to non-target species can be a promising avenue.

Adoption of Integrated Pest Management: IPM approaches are gaining popularity as they encourage a more holistic and sustainable approach to pest management. Manufacturers and farmers can work together to produce goods that complement IPM practices.

Regulatory Compliance and Safety: As pesticide usage and safety laws become more scrutinized, producers can invest in ensuring their products fulfil regulatory standards and are safe for human health and the environment.

Customization and Tailored Solutions: Manufacturers may respond to the different needs of farmers worldwide by providing customized pesticide solutions based on unique regional and crop requirements.

What are the factors driving the agricultural pesticides demand in North America region?

North America is one of the world's largest agricultural pesticide markets. The region's extensive agricultural land and broad range of crops, including corn, soybeans, wheat, and fruits, contribute to the region's high demand for pesticides. In recent years, environmental concerns and legislative constraints have resulted in a trend toward more sustainable and eco-friendly options.

What factors are generating the agricultural pesticides demand in Europe?

Europe is another leading region for agricultural pesticides. However, in order to address environmental and public health issues, the region has seen an increase in laws and restrictions on the use of some pesticides. Organic farming and Integrated Pest Management (IPM) approaches are gaining popularity as alternatives to conventional pesticides.

What are the factors contributing to the significant of Asia Pacific agricultural pesticides market?

Asia-Pacific is a diverse region with a substantial agricultural sector, including countries like China, India, Japan, and Australia. The region's large population and growing food demand drive the need for increased agricultural productivity, which, in turn, leads to significant pesticide usage.

What are the aspects that are driving agricultural pesticides sales in Latin America?  

Latin America is a prominent agricultural region that produces crops such as soybeans, coffee, sugarcane, and fruits. The region's warm climate and wide farmlands contribute to pesticide use. Compliance with international pesticide residue laws has grown critical as exports to international markets have increased.

What is the stance on agricultural pesticides market in Middle East and Africa?

The agricultural terrain in this region is diverse, ranging from dry and semi-arid regions to fertile places along the Nile and other rivers. Pesticide use varies by country, depending on agricultural practices and crop kinds.

Leading Agricultural Pesticides Manufacturers & Competitive Landscape:

The agricultural pesticides market is highly competitive, with several key players vying for market share and actively engaging in strategic initiatives. These companies focus on product innovation, technological advancements, and expanding their product portfolios to gain a competitive edge. These companies are continuously investing in research and development activities to enhance their product offerings and cater to the evolving needs of customers in terms of efficiency, performance, and sustainability.

Company List:

• ADAMA Ltd.
• BASF SE
• Bayer AG
• Cropnosys India Pvt. Ltd.
• DuPont de Nemours Inc.
• FMC Corp.
• Isagro Spa
• NACL Industries Ltd.
• Nantong Jiangshan Agrochemical and Chemicals Ltd. Liability Co.
• Novozymes AS
• Nufarm Ltd.
• Shandong Weifang Rainbow Chemical Co. Ltd.
• Sichuan Fuhua Agricultural Investment Group
• Sinochem Group Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• Syngenta Crop Protection AG
• UPL Ltd.
• Wynca Group
• Zuari Agro Chemicals Ltd.

Research Scope

Report Metric	Report Details
Market size available for the years	2021-2032
Base Year	2023
Forecast Period	2024-2032
Compound Annual Growth Rate (CAGR)	3.1%
Segment covered	Type, Application and Region
Regions Covered	North America: The U.S. Canada Latin America: Brazil, Mexico, Argentina, Rest of Latin America Asia Pacific: China, India, Japan, Australia New Zealand, ASEAN, Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, Rest of Europe The Middle East Africa: Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Fastest Growing Country in Europe	Germany
Largest Market in Asia Pacific	China
Key Players	ADAMA Ltd, BASF SE, Bayer AG, Cropnosys India Pvt. Ltd., DuPont de Nemours Inc., FMC Corp., Isagro Spa, NACL Industries Ltd., Nantong Jiangshan Agrochemical and Chemicals Ltd. Liability Co., Novozymes AS, Nufarm Ltd., Shandong Weifang, Rainbow Chemical Co. Ltd., Sichuan Fuhua Agricultural Investment Group, Sinochem Group Co. Ltd., Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG.

Agricultural Pesticides Market Segmentation:

By Type:

• Insecticides
• Herbicides
• Fungicides
• Others

By Application:

• Fruits
• Vegetables
• Cereal
• Plantation
• Crops
• Others

Segmentation By Region:

North America:

• United States
• Canada

Asia Pacific:

• China
• India
• Japan
• South Korea
• Australia New Zealand
• Association of Southeast Asian Nations (ASEAN)
• Rest of Asia Pacific

Europe:

• Germany
• The U.K.
• France
• Spain
• Italy
• Russia
• Poland
• BENELUX (Belgium, the Netherlands, Luxembourg)
• NORDIC (Norway, Sweden, Finland, Denmark)
• Rest of Europe

Latin America:

• Brazil
• Mexico
• Argentina
• Rest of Latin America

The Middle East & Africa:

• Saudi Arabia
• United Arab Emirates
• South Africa
• Egypt
• Israel
• Rest of MEA (Middle East Africa)