DUBLIN--(BUSINESS WIRE)--The "Pesticides Global Market Opportunities And Strategies To 2023" report has been added to ResearchAndMarkets.com's offering.
This report describes and evaluates the global pesticide market. It covers two five-year periods, 2015 to 2019, termed the historic period, and 2019 through 2023, the forecast period.
The global pesticides market size reached a value of nearly $84.5 billion in 2019, having grown at a compound annual growth rate (CAGR) of 4.2% since 2015, and is expected to grow at a CAGR of 11.5% to nearly $130.7 billion by 2023.
Growth in the historic period resulted from strong economic growth in emerging markets and intensive farming techniques in the pesticide market. Factors that negatively affected growth in the historic period were high research and development (R&D) costs and alternative techniques.
Going forward, faster economic growth in many developed and developing countries, and growing populations will drive growth. Factors that could hinder the growth of the pesticide market in the future include raising awareness of the negative effects of pesticides on the environment, rising demand for organic food products, geopolitical tensions, and patent expiry.
The pesticides market is segmented by type into fungicides, herbicides, and insecticides. The herbicides market was the largest segment of the pesticide market, accounting for $43.8 billion or 51.9% of the total in 2019 and this market is expected to be the fastest-growing segment going forward at a CAGR of 12.8%.
The Asia Pacific was the largest region in the pesticide market, accounting for 26.8% of the global market in 2019. It was followed by South America, North America and then the other regions. Going forward, the fastest growing regions in the pesticide market will be Africa and South America, where growth will be at CAGRs of 18.2% and 17.9% respectively. These will be followed by the Middle East and Eastern Europe where the markets are expected to grow at CAGRs of 15.8% and 10.3% respectively.
The global pesticide market is fairly consolidated. The top ten competitors in the global pesticides market made up 59.4% of the total market in 2018. Major players in the market include Syngenta. Bayer AG, BASF SE, Dow DuPont Inc., FMC Corporation and others
The top opportunities in the global pesticide market will arise in the herbicides segment which will gain $27.0 billion of global annual sales by 2023. The pesticide market size will gain the most in Brazil at $7.09 billion. Market-trend-based strategies for the pesticide market include an increase in adjuvants use, adoption of biopesticides, increasing scope of nano-insecticides, environmentally friendly alternatives, consolidation of major players, safety regulations leading to product development, low prices leading to increased demand for inorganic fungicides in developing countries and investing new product development.
To take advantage of the opportunities, the author recommends the pesticide companies to consider producing biopesticides, increase investments in research and development to produce environmentally friendly and nano pesticides, consider outsourcing their manufacturing facilities to developing countries and focus on offering products to the fruit growers.
Key Topics Covered:
1. Pesticides Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type
7. Pesticides Market Characteristics
7.1. Market Definition
7.2. Key Segmentation
8. Pesticides Market, Supply Chain Analysis
9. Pesticides Market, Product Analysis - Product Examples
9.1. Syngenta AG
9.2. Bayer AG
11. Pesticides Market Customer Information
11.1. Pesticide Usage Practices Of Arable Crops In The UK
11.2. Changing Farming Practices In The UK
11.3. Pest Management Practices Of Fruit Growers In The USA
11.4. Pesticide Usage Practices On Grassland And Fodder Crops In Northern Ireland
12. Pesticides Market Trends And Strategies
12.1. Increase In Adjuvants Use
12.2. Adoption Of Biopesticides
12.3. Increasing Scope Of Nano-Insecticides
12.4. Environmentally Friendly Alternatives
12.5. Consolidation Of Major Players
12.6. Safety Regulations Leading To Product Development
12.7. Low Prices Leading To Increased Demand For Inorganic Fungicides In Developing Countries
12.8. New Product Development
13. Pesticides Market Opportunity Assessment, PESTEL Analysis
14. Global Pesticides Market Size And Growth
15. Pesticides Market, Regional And Country Analysis
16. Global Pesticides Market Segmentation
17. Global Pesticides Market Comparison with Macro Economic Factors
18. Global Pesticides Market Comparison With Macro Economic Factors Across Countries
19. Asia-Pacific Pesticides Market
20. Western Europe Pesticides Market
21. Eastern Europe Pesticides Market
22. North America Pesticides Market
23. South America Pesticides Market
24. Middle East Pesticides Market
25. Africa Pesticides Market
26. Global Pesticides Market Competitive Landscape
26.1. Company Profiles
26.2.1. Company Overview
26.2.2. Products And Services
26.2.3. Business Strategy
26.2.4. Financial Overview
26.3. Bayer AG
26.4. BASF SE
26.5. Dow DuPont Inc.
26.6. FMC Corporation
27. Key Mergers And Acquisitions In The Pesticides Market
27.1. UPL Acquired Arysta LifeScience
27.2. Sumitomo Chemicals Acquired Shares In Botanical Resources Australia
27.3. Coromandel International Acquired E.I.D. Parry's Bio-Pesticides Business
27.4. FMC Acquired DuPont's Pesticide Business
27.5. Dow Merged With DuPont
27.6. Hubei Sanoda Acquires Adama Agricultural Solutions
27.7. Bayer Acquired Monsanto
27.8. ChemChina Acquired Syngenta
27.9. Platform Specialty Products Corporation Acquired Arysta Life Science
28. Market Background: Chemicals
29. Global Pesticides Market Opportunities And Strategies
30. Pesticides Market, Conclusions And Recommendations
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