Pesticides are chemicals that are used to control, destroy, and prevent the growth of pests and unwanted species of plants and animals. Herbicides, insecticides, and fungicides are collectively known as pesticides. Pesticides act as growth regulators in plants, defoliant for trees and plants, desiccant for fleas, prevents thinning of fruit. Moreover, they prevent the premature falling of fruit. Pesticides are applied to crops before or after harvest to protect the commodity from deterioration during storage and transport. Application of pesticides provides better farm yield and storage and distribution of obtained output. They are also used on animals for controlling insects, arachnids, or other pest infestations.
Market Analysis and Insights: Global Pesticides Market
Due to the COVID-19 pandemic, the global Pesticides market size is estimated to be worth US$ 45250 million in 2023 and is forecast to a readjusted size of US$ 52420 million by 2030 with a CAGR of 2.5% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Organic accounting for % of the Pesticides global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Agricultural segment is altered to an % CAGR throughout this forecast period.
The pesticides market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period.
Global Pesticides Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Global Pesticides Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Organic
- Inorganic
- Synthetic
- Biological
Segment by Application
- Agricultural
- Home and Garden
- Industrial / Commercial
- Others
By Company
- Bayer
- Syngenta
- DowDuPont
- Monsanto
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
