Agricultural Pesticide Market

Agricultural Pesticide Market Size, Growth, Trends and Forecast:

Agricultural Pesticide Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Pesticides are chemicals intended for controlling, preventing, destroying any pest, including vectors of human or animal disease, unwanted species of plants or animals, causing harm during or interfering with the processing, storage, production, transport of food, agricultural commodities, wood products or animal feedstuffs. The most common pesticide is an herbicide which accounts for 80% of all pesticide use. These are intended to serve as crop protection products against weeds, fungi, insects or bacteria.

The pesticide is a chemical or biological agent such as a bacterium, virus, antimicrobial or disinfectant that deters the incapacitates, kills, or otherwise discourages pests. Target pests can include plant pathogens, microbes, weeds, insects, mollusks, birds, mammals, fish and roundworms that destroy farms, which causes a nuisance or spread diseases. Despite of its advantages, it has some drawbacks such as toxicity to humans and other species.

Agricultural Pesticide Market Drivers:

Growing population and declining arable land to feed the resultant population, increasing pest concerns, innovation in spraying equipment, rising demand for industrial feedstock crops and the use of more sophisticated farming techniques, resistant pest populations, and environmental concerns, growing production of rapeseed, cereal crops, oilseeds and sugarcane along with improved farming techniques are driving the growth of the Agricultural Pesticide Market. However, the development of safe alternatives such as bio-farming and organic pesticides and a limited number of skilled professionals are hampering the growth of the market.

AGRICULTURAL PESTICIDE MARKET REPORT COVERAGE:

Agricultural Pesticide Market Segmentation:

Agricultural Pesticide Market – By Product Type:

• Herbicides

• Insecticides
• Fungicides
• Rodenticides
• Bactericides

Agricultural Pesticide Market – By Crop Type:

• Wheat
• Corn
• Rice
• Pasture & forage
• Soybeans
• Other crops

Agricultural Pesticide Market – By Distribution Channel:

• Retailers
• Online
• Supermarkets
• Home centers
• Others

The market has also been geographically segmented into

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

Latin America countries mainly Argentina and Brazil have the largest production due to the increased farming of biofuel crops and the use of genetically modified crops. It is followed by North America and Europe, where the market is aided by the increasing demand for industrial feedstock crops and the use of more sophisticated farming techniques. Asia- Pacific countries have the fastest growth rate due to the emerging economies, rising pesticide production, improved domestic pesticide availability and facilitated sharply increasing utilization rates.

Key Players:

Major players in the Global Agricultural Pesticide Market are Syngenta, Israel Chemicals, Yara International ASA, Bayer, BASF SE, The Mosaic Co., and Dow Chemical Limited.