Synthetic Pesticide Market By Category (Organophosphates, Carbamate, Others), By Type (Insecticides, Fungicides, Herbicides, Others), By Application (Fruits and Vegetables, Turfs and Ornamentals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global synthetic pesticides market was valued at $16.3 billion in 2021, and is projected to reach $27.6 billion by 2031, registering a CAGR of 5.5% from 2022 to 2031.
A synthetic pesticide can be used as a chemical substance, biological agent (such as a virus or bacteria), antimicrobial, and disinfectant to control pests such as insects, plant diseases, bindweed, mollusks, birds, mammals, fish, nematodes (roundworms), and microbes. Synthetic pesticides are widely accessible and last longer than most organics. They contribute to increased crop yield. Organophosphate synthetic pesticides are becoming more popular as they are less toxic to the environment and last longer than organophosphate pesticides.
Growth of the global synthetic pesticides market is majorly attributable to its wide applications in various industries such as fruits & vegetables and turfs & ornamentals. In addition, rise in demand for fruits & vegetables propels the market growth. However, adverse effects of synthetic pesticide on human health and ecosystem are projected to hinder expansion of the market. On the contrary, new product launch and technological advancements is expected to offer ample growth opportunities for the synthetic pesticides market.
The synthetic pesticides market is segmented into category, type, application, and region. On the basis of category, the market is categorized into organophosphate, carbamate, and others. By type, it is categorized into insecticides, fungicides, herbicides, and others. On the basis of application, it is categorized into fruits & vegetables, turfs & ornamentals, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global synthetic pesticides market include Syngenta, BASF, Bayer Crop Science, Corteva Agriscience, FMC corp, ADAMA, UPL Limited, Sumitomo Chemicals, and Nufarm and Aimco Pesticides Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic pesticide market analysis from 2021 to 2031 to identify the prevailing synthetic pesticide market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the synthetic pesticide market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global synthetic pesticide market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Category
Organophosphates
Carbamate
Others
By Type
Insecticides
Fungicides
Herbicides
Others
By Application
Fruits and Vegetables
Turfs and Ornamentals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Syngenta AG
BASF SE
Bayer Crop Science AG
Corteva Agriscience
FMC Corporation
ADAMA Ltd.
UPL Limited
Sumitomo Chemical Co., Ltd.
Nufarm Limited
Aimco Pesticides Ltd.
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