Pesticides Producers and Pesticides Market Trend
Date : 2022-06-21
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Pesticides are important agricultural production materials, and are essential for disease prevention and pest control, and for promoting stable and high yields in food and agriculture. Pesticides can be divided into insecticides, fungicides, herbicides, rodenticides, defoliants, plant growth regulators and so on. At present, insecticides, fungicides and herbicides are the main pesticide species.
The global pesticides market size was USD 54.6 billion in 2017, growing to USD 64.2 billion in 2022, with a CAGR of 3.3% from 2017 to 2022. The global pesticide market size is expected to grow to USD 77.6 billion in 2027, with a CAGR of 3.9% from 2022 to 2027.
Figure 2017-2027 Global Pesticides Market Size (Billion USD) and CAGR
The global regional share of pesticides is 32% for Asia Pacific, 24% for South America, 20% for North America, 20% for Europe and 4% for MEA.
The global pesticide market is concentrated and the major producers are Syngenta, Bayer, BASF, Corteva, FMC Corporation, ADAMA and Sumitomo Chemical Company.
