Asia-Pacific 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 herbicide which account for 80% of all pesticide use. These are intended to serve as crop protection products against weeds, fungi, insects or bacteria.
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, molluscs, birds, mammals, fish and roundworms that destroy farms, which causes nuisance or spread diseases. Despite of its advantages, it has some drawbacks such as toxicity to human and other species.
Asia-Pacific Agricultural Pesticide Market Driving:
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 Asia-Pacific Agricultural Pesticide Market. However, development of safe alternatives such as bio-farming and organic pesticides and limited number of skilled professionals are hampering the growth of the market.
Asia-Pacific Agricultural Pesticide Market – By Product Type:
Herbicides has the largest revenue because it is the most commonly used pesticide.
Asia-Pacific Agricultural Pesticide Market – By Crop Type:
Asia-Pacific Agricultural Pesticide Market – By Distribution Channel:
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia- Pacific countries have the fastest growing rate due to the emerging economies, rising pesticide production, improved domestic pesticide availability and facilitated sharply increasing utilization rates.
Major players in the Asia-Pacific Agricultural Pesticide Market are Syngenta, Israel Chemicals, Yara International ASA, Bayer, BASF SE, The Mosaic Co., and Dow Chemical Limited.
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