Chemical

According to a new market report published by Lucintel, the future of the pesticide market looks promising with opportunities in the insecticides, fungicides, and herbicides. The global pesticide market is expected to reach an estimated $82.9 billion by 2027 with a CAGR of 2.7% from 2021 to 2027. The major drivers for this market are increasing demand for food for rising population, limited availability of arable land, and increasing awareness of using pesticides.

In this pesticide market, herbicides, fungicides, and insecticides are the major segments of pesticides industry. On the basis of its comprehensive research, the herbicides segment is expected to remain as the largest market. Increasing demand for weed management and food security are expected to drive pesticides demand, which would spur growth for this segment over the forecast period.

North America is expected to remain the largest market and is expected to witness the highest growth over forecast period due to limited availability of arable land, demand for healthy diet, and priority for food safety.

Emerging trends, which have a direct impact on the dynamics of the pesticide industry, include development of nano-pesticides to reduce environmental pollution and development of formulated technology for weed control system. Syngenta, BASF, Bayer, Monsanto, and Dow Chemicals are among the major pesticide manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pesticide market by application and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Pesticide Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global pesticide market by application and region as follows:










This 121-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pesticide-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high growth opportunities for the global pesticide market by application (insecticides, fungicides, and herbicides) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?