COVID-19 Impacts: Agricultural Pesticides Market Will Accelerate at a CAGR of over 6% through 2020-2024 | Increased Use of Herbicides to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the agricultural pesticides market and it is poised to grow by USD 24.60 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the agricultural pesticides market in 2019?

• Technavio says that the value of the market was at USD 68.03 billion in 2019 and is projected to reach USD 92.63 billion by 2024.

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of over 6%, the market growth will accelerate during the forecast period.

• What is the key factor driving the market?

• The increased use of herbicides is one of the key factors driving the market growth.

• Who are the top players in the market?

• ADAMA Ltd., BASF SE, Bayer AG, DuPont de Nemours Inc., FMC Corp., NACL Industries Ltd., Novozymes AS, Nufarm Ltd., Sumitomo Chemical Co. Ltd., and Syngenta AG are some of the major market participants.

• Which region is expected to hold the highest market share?

• APAC

• What is the year-over-year growth rate of the global market?

• The year-over-year growth rate for 2020 is estimated at 5.72%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADAMA Ltd., BASF SE, Bayer AG, DuPont de Nemours Inc., FMC Corp., NACL Industries Ltd., Novozymes AS, Nufarm Ltd., Sumitomo Chemical Co. Ltd., and Syngenta AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increased use of herbicides has been instrumental in driving the growth of the market.

Agricultural Pesticides Market 2020-2024: Segmentation

Agricultural Pesticides Market is segmented as below:

• Type
  • Herbicides
  • Insecticides
  • Fungicides
  • Others
• Geography
  • APAC
  • South America
  • Europe
  • North America
  • MEA

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Agricultural Pesticides Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our agricultural pesticides market report covers the following areas:

• Agricultural Pesticides Market size
• Agricultural Pesticides Market trends
• Agricultural Pesticides Market analysis

This study identifies the introduction of integrated pest management as one of the prime reasons driving the agricultural pesticides market growth during the next few years.

Agricultural Pesticides Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the agricultural pesticides market, including some of the vendors such as ADAMA Ltd., BASF SE, Bayer AG, DuPont de Nemours Inc., FMC Corp., NACL Industries Ltd., Novozymes AS, Nufarm Ltd., Sumitomo Chemical Co. Ltd., and Syngenta AG. Backed with competitive intelligence and benchmarking, our research reports on the agricultural pesticides market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Agricultural Pesticides Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist agricultural pesticides market growth during the next five years
• Estimation of the agricultural pesticides market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the agricultural pesticides market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of agricultural pesticides market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Herbicides - Market size and forecast 2019-2024
• Insecticides - Market size and forecast 2019-2024
• Fungicides - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers – Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ADAMA Ltd.
• BASF SE
• Bayer AG
• DuPont de Nemours Inc.
• FMC Corp.
• NACL Industries Ltd.
• Novozymes AS
• Nufarm Ltd.
• Sumitomo Chemical Co. Ltd.
• Syngenta AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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