About Pesticide
Pesticides are chemical used to prevent the growth of pests and unwanted plants. They act as growth regulators in plants and prevent the premature falling of fruit. In crops, pesticides are used before or after harvest to prevent the stock from getting damaged during storage. Application of pesticides increases overall crops production. Rising population requires more crop production to ensure food safety. Moreover, there is a growing need to increase the nutritional value of the products. All these factors collectively contribute to the pesticides market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
Key market participants are expanding their geographical presence through acquisitions, mergers, and collaborations. Furthermore, some manufacturers are involved in the development of new and innovative products through research and development activities.Competitive analysis ranges from target markets to product mapping, and from sales strategies to manufacturing capabilities. The study investigated and profiled the world's leading pesticide manufacturers. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Pesticide market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Syngenta [Switzerland], Bayer [Germany], Dow Chemical [United States], BASF [Germany], Monsanto Company [United States], Adama [ Israel], DuPont [United States], FMC Corporation [United States] and Arysta LifeScience [Japan] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sinochem [China], Sumitomo Chemical [Japan], Bioworks Inc [United States], Ishihara Sangyo Kaisha Ltd [Japan] and Nufarm [Australia].
Segmentation Overview
AMA Research has segmented the market of Global Pesticide market by Type (Herbicides, Fungicides, Rodenticides, Bactericides, Virucides, Insecticides and Others), Application (Agriculture and Forestry, Home and Garden, Industrial, Commercial and Others) and Region.
On the basis of geography, the market of Pesticide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Chemical Structures, the sub-segment i.e. Organic will boost the Pesticide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 06th October 2020, Syngenta Group's business unit Syngenta Crop Protection has announced the acquisition of Valagro, a leading biological company. Syngenta Crop Protection is now one of the key global companies poised to shape the rapidly growing biological market.
On 14th June 2021,Coromandel International launched six new products (four insecticides, one herbicide, and one fungicide): Finio, Makeba, Insas, Officer, Magnite, and Optra FS. The company's primary goal in launching these products is to become a value-based solution provider to farmers and to expand Coromandel's crop protection portfolio.
In the United States, the Environmental Protection Agency (EPA) regulates pesticides at the national level. EPA and the states (usually that state's agriculture office) register or license pesticides for use in the United States. EPA receives its authority to register pesticides under the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA). Also, under the Federal Food, Drug and Cosmetic Act (FFDCA), EPA establishes tolerances (maximum legally permissible levels) for pesticide residues in food.
Market Drivers
- Rising Demand of Food Safety and Quality
- Adoption of Innovative Farming Practices
Opportunities
- Promotion of Bio-pesticides Owing to Being Environment-friendly
- Rising Demand for Food Safety in Emerging Economies
Restraints
- Ban on Pesticides in Some Countries Owing to Adverse Effect on Health
- Degradation of Farm Land Owing to Rapid Industrialization
Challenges
- Stringent Government Regulations Regarding Its Use
- Growing Popularity of Pest-resistant GM (Genetically Modified ) Crops
Key Target Audience
Pesticide manufacturers, Distributors and Other Stakeholders, Major End Users of Pesticides, Organizations, Forums and Alliances Related to Pesticides, Government Bodies such as Regulating Authorities and Policy Makers, Market Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.