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The agricultural pesticides market size is forecast to increase by USD 24.62 billion at a CAGR of 4.1% between 2024 and 2029.
The agricultural pesticides industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The herbicides segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products used for managing pests, weeds, fungi, and insects in plants and crops. Herbicides, a significant segment, are employed to eradicate unwanted weeds and herbs, preserving crop yield. Notable herbicides include glyphosate, bio-herbicides, 2,4-D, paraquat, acetochlor, and atrazine. Glyphosate, a widely used herbicide, is available in gel and powder forms. However, herbicide resistance among pests and crops poses a significant challenge to market growth. This resistance is observed in various pests, including weeds, fungi, insects, and even nematodes. Other pesticide categories include insecticides, fungicides, nematicides, and rodenticides. Organic food production and modern farming techniques, including intensive farming and precision agriculture, also influence market dynamics. Climatic conditions, fluctuations, and irregular rainfall impact crop production and pest management strategies. Pesticide resistance, local pest species, and regulations governing the use of agrochemicals are key factors shaping the market landscape.
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The herbicides segment was valued at USD 42.23 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC experiences significant growth due to the expanding agricultural sector and increasing population. With approximately 30% of the world's arable land and nearly 60% of the global human population, APAC is the leading consumer of pesticides. The market expansion is fueled by the adoption of modern farming techniques and intensive farming practices, which require the use of agrochemicals such as insecticides, herbicides, and fungicides and fertilizers for effective pest management and crop management. Despite the farming community's slow adoption of new technologies, the integration of modern farming methods will boost the demand for agricultural pesticides In the region. Key pests, weeds, plants, fungi, insects, and other organisms pose significant challenges to crop production, necessitating the use of pesticides.
Our agricultural pesticides market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased use of herbicides is the key driver of the market.
Increasing product launches is the upcoming market trend.
Challenging regulatory environment is a key challenge affecting the industry growth.
The agricultural pesticides market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the agricultural pesticides market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, agricultural pesticides market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
ADAMA Ltd. - The company offers agricultural pesticides such as Acemain.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a broad range of products utilized in managing various pests, weeds, fungi, and other organisms that threaten the productivity and quality of crops. These pesticides play a crucial role in modern farming techniques, enabling farmers to optimize crop production and mitigate the impact of climatic fluctuations and irregular rainfall. Pests, including insects, nematodes, and rodents, pose significant challenges to farmers, damaging crops and reducing yields. Fungi, too, can devastate crops, leading to substantial losses. Horticulturists and toxicologists have developed a diverse array of pesticides to address these issues. Insecticides, nematicides, molluscicides, and rodenticides are among the most commonly used pesticide types.
Moreover, insecticides target a wide range of insect pests, while nematicides combat nematodes, and molluscicides are used against mollusks. Rodenticides are designed to control rodent populations. Fungicides, on the other hand, are employed to protect crops from fungal diseases. Modern farming techniques, including intensive farming, have led to increased reliance on pesticides. However, the emergence of pesticide resistance among local pest species necessitates the development of new pest management strategies. The market is vast and diverse, with applications spanning various cash crops and export products. Fruits, vegetables, cereal, and plantation crops are among the primary beneficiaries of pesticide use.
Furthermore, pesticides are also employed In the production of organic food products, albeit in a more limited capacity due to stringent regulations. The use of pesticides extends beyond agriculture, with applications in various industries, including factories, homes, roadways, and infrastructure constructions. Arable land and crop land are the primary areas of application, with pesticides used during harvest and throughout the cropland's lifecycle. Despite their benefits, pesticides can pose risks to human health and the environment. Exposure to synthetic pesticides, such as chlorinated hydrocarbons and organic phosphates, can lead to health effects. Concerns regarding the impact of pesticides on the environment have led to the development of bio-pesticides and other alternative pest control agents.
In addition, regulations governing the use of pesticides are stringent, with laws in place to ensure their safe and responsible use. Organic farming and the production of organic foods have gained popularity as alternatives to conventional farming practices that rely heavily on synthetic pesticides. Therefore, the market plays a vital role in modern farming, enabling farmers to mitigate the impact of pests, weeds, and fungi on crop production. However, the potential risks to human health and the environment necessitate the continued development of alternative pest management strategies and the responsible use of pesticides.
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Agricultural Pesticides Market Scope |
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Report Coverage |
Details |
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Page number |
201 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.1% |
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Market growth 2025-2029 |
USD 24.62 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
3.9 |
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Key countries |
Brazil, US, China, Japan, Germany, India, South Korea, France, UK, and Argentina |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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