Press release
Pesticides Market Size to Boost USD 47.98 Billion By 2032 | CAGR 6.0% - Published by Emergen Research
Pesticides Market
Some food-grade oils may also qualify as low risk pesticide products. This includes oils made from castor, cinnamon, cloves, corn, cottonseed, garlic, linseed, peppermint, rosemary, soybean, spearmint, and thyme. Cinnamon, cloves, corn mint, peppermint, rosemary, spearmint, thyme, and white pepper are examples of acceptable food-grade spices. Other food-grade compounds and byproducts with little danger include citric acid, corn gluten meal, lauryl sulfate, potassium sorbate, putrescent whole eggs solids, sesame, crushed sesame plant, sodium chloride, and sodium laurel sulfate.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Pesticides Market :
Several factors drive the growth of the pesticides market. One significant driver is the increasing global population and the consequent rise in demand for food, which puts pressure on agricultural productivity and necessitates the use of pesticides to protect crops from pests and diseases. Moreover, the expansion of agricultural land and intensification of farming practices contribute to the growing demand for pesticides. Additionally, the prevalence of pests and diseases, climate change-induced changes in pest distribution and behavior, and globalization of trade facilitate the spread of invasive pests, driving the need for effective pest management solutions.
Restraints and Challenges
Despite its importance, the pesticides market faces certain restraints and challenges. One challenge is the growing concern about the environmental and health impacts of pesticide use, including soil and water contamination, pesticide residues in food, and pesticide-related health risks to farmers, farmworkers, and consumers. Regulatory scrutiny and increasing public awareness of pesticide risks lead to stricter regulations, restrictions, and bans on certain pesticide products, impacting market dynamics and product availability. Additionally, the development of pest resistance to pesticides, regulatory hurdles for new pesticide approvals, and the emergence of alternative pest management strategies pose challenges to market growth.
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The report also discusses the key players involved in the market such as:
Bayer AG, BASF SE, Corteva Agriscience, ADAMA, Dow, BioWorks Inc., FMC Corporation, Nufarm, UPL, and Syngenta AG.
The report provides a thorough estimation of the overall impact of the pandemic on the Pesticides Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Pesticides Market
Pesticides Latest Industry News
On 28 June 2023, Dhanuka Agritech Ltd., enhanced its line of crop care products by releasing the potent new insecticide DEFEND, which contains Triflumezopyrim 10% SC and provides total hopper protection. With just one spray on paddy, DEFEND provides instant protection against first-generation Brown Plant Hopper (BPH) and White Backed Plant Hopper (WBPH). It effectively controls insects at all phases of development.
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Pesticides Market Segment Analysis :
Emergen Research has segmented the global pesticides market on the basis of type of pesticide, crop type, origin, application mode, and region:
Type of Pesticide Outlook (Revenue, USD Billion; 2019-2032)
Insecticides
Herbicides
Fungicides
Rodenticides
Molluscicides
Nematicides
Crop Type Outlook (Revenue, USD Billion; 2019-2032)
Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Non-food Crops
Origin Outlook (Revenue, USD Billion; 2019-2032)
Synthetic
Biopesticides
Application Mode Outlook (Revenue, USD Billion; 2019-2032)
Foliar Spray
Soil Treatment
Seed Treatment
Post-Harvest Treatment
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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