Agricultural Pesticide Market

Global Agricultural Pesticide Market Size (2024 to 2029):

The global agricultural pesticide market is expected to reach USD 104.91 billion in 2024 and reach USD 131.99 billion by 2029, estimated to be growing at a CAGR of 4.70% from 2024 to 2029.

Pesticides are chemicals intended for controlling, preventing, and 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, and 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.

A pesticide is a chemical or biological agent such as a bacterium, virus, antimicrobial, or disinfectant that deters, 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 cause a nuisance or spread diseases. Despite its advantages, it has some drawbacks, such as toxicity to humans and other species.

Global 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.

REPORT COVERAGE:

This research report on the global agricultural pesticide market is segmented and sub-segmented into the following categories.

Global Agricultural Pesticide Market – By Product Type:

• Herbicides
• Insecticides
• Fungicides
• Rodenticides
• Bactericides

Global Agricultural Pesticide Market – By Crop Type:

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

Global Agricultural Pesticide Market – By Distribution Channel:

• Retailers
• Online
• Supermarkets
• Home centers
• Others

Global Agricultural Pesticide Market – By Region:

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

Latin American 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 MARKET 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.