Pesticides Market to Reach $92.6 Billion Globally by 2032 at 7.5% CAGR: Allied Market Research

Prime Determinants of Growth

The rising demand for crop protection & improved crop quality, advancements in biotechnology & digital agriculture, and the growing awareness about effective pest management among farmers are the factors expected to drive the growth of the global pesticides market in the forecast period from 2023 to 2032. However, the environmental impact of pesticides and the potential health risks may hamper the market growth in the coming future. On the contrary, the rising adoption of integrated pest management (IPM) techniques and the continued investment in R&D for generating innovation in the pesticides are expected to offer remunerative opportunities for the expansion of the pesticides market during the forecast period.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A16290 

Report Coverage & Details:

COVID-19 Scenario

Target: Herbicides Sub-segment to be the Most Dominant by 2032

The herbicides sub-segment accounted for the largest global pesticides market share of 42.1% in 2022 and is expected to grow at the highest CAGR of 8.6% during the forecast period. This is mainly because herbicides play a crucial role in weed management. They aid in controlling invasive plant species, preserving native flora and safeguarding natural habitats. Besides, herbicides facilitate crop rotation and diversification by suppressing weeds, enabling farmers to enhance soil health and optimize land usage. Moreover, they contribute to higher crop yields by eliminating weed competition, ensuring economic stability, and meeting the growing global food demand.

Type: Chemical Pesticides Sub-segment to be Most Prominent During the Forecast Period

The chemical pesticides sub-segment accounted for the largest market share of 44.3% in 2022 and is expected to hold its dominant position by 2032. This is mainly because chemical pesticides serve as a key in bolstering agricultural productivity by efficiently managing pests, thereby minimizing yield losses and ensuring a larger output of high-quality crops. This improvement in agricultural productivity is crucial for global food security, as it safeguards crops from pests that could devastate entire harvests, ensuring a steady food supply. Additionally, the economic benefits are significant, enabling farmers to protect their crops more effectively, fostering growth and stability in agriculturally reliant communities.

Procure Complete Report (290 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/49xoWql 

Crop Type: Cereals and Grains Sub-segment to Witness Significant Growth by 2032

The cereals and grains sub-segment accounted for the largest global pesticides market share of 25.0% in 2022 and is expected to hold its dominant position during the forecast period. One of the primary reasons for this dominance is the critical role pesticides play in enhancing crop quality. By protecting cereals and grains from insect and disease damage, pesticides ensure that the final product meets consumer preferences for taste and nutritional value. This not only boosts the market value of agricultural goods but also significantly contributes to famers' economic well-being and livelihoods.

Formulation: Dry Sub-segment to Flourish Immensely During the Forecast Period

The dry sub-segment accounted for the largest market share of 57.5% in 2022 and is expected to continue to dominate in terms of market share by 2032. This is mainly because dry formulations of pesticides typically contain higher concentrations of active chemicals, allowing for effective pest control with smaller quantities. This reduces the total amount of pesticides needed, lowering environmental impact, and minimizing carbon emissions associated with manufacturing and distribution. Besides, dry formulations adhere better to plant surfaces, ensuring better coverage and longer residual action of the pesticide.

Region: Asia-Pacific Market to Hold Major Market Share by 2032

The pesticides market in the Asia-Pacific region accounted for the largest share of 40.6% in 2022 and is predicted to continue to hold major market share by 2032. This growth is mainly owing to the increasing usage of pesticides and huge improvement in agricultural output by protecting crops from pests and diseases. Besides, advances in agriculture technology, including precision farming techniques, genetically modified crops, and new pesticide formulations, have bolstered pest control efficiency and effectiveness in the region.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/pesticides-market/purchase-options 

Leading Players in the Pesticides Market:

The report provides a detailed analysis of the key players of the global pesticides market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports:

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285 
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Blog: https://www.newsguards.com/
Follow Us on | Facebook | LinkedIn | YouTube |

View original content:https://www.prnewswire.co.uk/news-releases/pesticides-market-to-reach-92-6-billion-globally-by-2032-at-7-5-cagr-allied-market-research-302076812.html