Pesticide Manufacturing in Australia - Industry Market Research Report

Pesticide Manufacturing in Australia - Industry Market Research Report

Pesticide Manufacturing in Australia

Pesticide manufacturers have faced a challenging operating environment over the past decade. As consumers have become increasingly concerned about pesticides in the food chain, industry regulations have increased, particularly as residual-detection methods have improved. Several active ingredients have been withdrawn because of human health concerns over the period, reducing the industry's product portfolio. Simultaneously, pesticide manufacturers have incurred escalating costs in bringing new active ingredients to market, which have added to profit margin pressures. The industry has also contended with volatile weather conditions, including bushfires, droughts and floods in large parts of eastern Australia. The COVID-19 pandemic and associated supply chain disruptions further added to the list of challenges facing the industry. These factors have influenced the industry's performance over the period.

The industry includes companies that manufacture chemicals designed to control pests, weeds or fungi. Its three main product types are herbicides, fungicides and insecticides, most of which target agricultural users. Pesticide manufacturers also produce ready-to-use products used by non-agricultural markets including households, turf growers and professional pest management companies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.