Global Synthetic Pesticide Market Overview
As per MRFR analysis, the Synthetic Pesticide Market Size was estimated at 279.79 (USD Billion) in 2022. The Synthetic Pesticide Market Industry is expected to grow from 295.29(USD Billion) in 2023 to 479.6 (USD Billion) by 2032. The Synthetic Pesticide Market CAGR (growth rate) is expected to be around 5.54% during the forecast period (2024 - 2032).
Key Synthetic Pesticide Market Trends Highlighted
The Synthetic Pesticide Market is driven by the growing demand for food production, increasing crop yields, and controlling pests and diseases. The rising awareness about food safety and the need to protect crops from pests and diseases are also fueling market growth. Additionally, government regulations mandating the use of synthetic pesticides to ensure food safety are further supporting market demand.Exploring opportunities in the synthetic pesticide market involves focusing on developing new and innovative products with enhanced efficacy and reduced environmental impact. Capturing opportunities also lies in providing customized solutions to meet specific crop and pest problems in different regions. Technological advancements, such as the development of precision agriculture and integrated pest management systems, offer growth potential by enabling more targeted and efficient pesticide use.Recent trends in the synthetic pesticide market highlight the growing demand for sustainable and environmentally friendly products. Consumers are becoming more conscious about the potential environmental and health hazards associated with pesticide use, leading to increased demand for safer alternatives. As a result, manufacturers are investing in research and development to produce pesticides with lower toxicity and reduced environmental impact. This trend is expected to shape the future of the synthetic pesticide market, driving innovation and product development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Synthetic Pesticide Market Drivers
Growing demand for food production
The global population is growing rapidly, and with it, the demand for food. Synthetic pesticides play a vital role in protecting crops from pests and diseases, which can significantly reduce yields. As the demand for food continues to increase, so too will the demand for synthetic pesticides. The Synthetic Pesticide Market was valued at USD 299.34 billion in 2023 and is expected to reach USD 442.66 billion by 2032, registering a CAGR of 5.3% over the forecast period.The market is driven by a number of factors, including the growing demand for food, the increasing adoption of precision farming techniques, and the need to protect crops from pests and diseases. The growing demand for food is one of the most important factors driving the growth of the synthetic pesticide market. The world's population is expected to reach 9.7 billion by 2032, which will put a strain on the global food supply. Synthetic pesticides can help to increase crop yields by protecting them from pests and diseases, which will be essential to meeting the growing demand for food. The increasing adoption of precision farming techniques is another factor driving the growth of the synthetic pesticide market.Precision farming involves using technology to collect data about crops and soil conditions, which can then be used to make more informed decisions about pesticide applications. Precision farming can help to reduce pesticide use by targeting applications to areas where they are most needed, which can save money and reduce the environmental impact of pesticides. The need to protect crops from pests and diseases is another important factor driving the growth of the synthetic pesticide market.
Pests and diseases can pose a tangible threat to crops and this can dramatically lower crop output and inflation on food products. Synthetic pesticides can provide a solution to this vicious cycle, which ensures that there are enough crops to feed the population.
Increasing adoption of sustainable farming practices
The increased adoption of sustainable farming practices is another driver of the Growing Synthetic Pesticide Market Industry. They all aim to reduce the environmental impact of agriculture, and some synthetic pesticides help with that. For example, they can reduce the need for chemical fertilizers since plants get the nutrients they need to grow from the soil. Similarly, plants can get some of the nutrients needed to stay healthy from the soil rather than added on top of crops.
Government regulations
Government regulations are another reason for the growth of the Synthetic Pesticide Market Industry. Governments all over the world are increasingly regulating the use of synthetic pesticides, leading to the development of new and more environmentally friendly products. One of the major government regulations that are responsible for the growth of the synthetic pesticide market is the European Union’s Plant Protection Products Regulation EC No Nor.
Synthetic Pesticide Market Segment Insights
Synthetic Pesticide Market Active Ingredient Type Insights
The Active Ingredient Type segment of the Synthetic Pesticide Market is divided into herbicides, insecticides, fungicides, rodenticides and others. Herbicides are the leading sector by market share because they are in high demand due to the use of herbicide-resistant crops and the growing demand for effective weed control solutions in agriculture. In 2023, the market was valued at $130.24 billion, and by 2032, it is expected to reach $182.06 billion at a CAGR of 3.8%. Insecticides account for a significant share of the market because of the increasingly high incidence of insect-borne diseases and the need to protect crops from pests.In 2023, the market was valued at $76.43 billion, and by 2032, it is expected to reach $109.32 billion, having increased at a CAGR of 4.3%. Fungicides are also a considerable market sector in view of the growing occurrence of fungal diseases in crops and the need for effective disease control solutions. In 2023, the market was valued at $52.16 billion, and by 2032, it is expected to reach $76.43 billion at a CAGR of 4.5%. Rodenticides are a smaller market segment but an essential one to meet the demand for pest control in city centers and residential areas.The 2023 market was valued at $10.29 billion, and by 2032, it is expected to reach $14.76 billion at a CAGR of 4.0%. The Other segment of the market includes other types of synthetic pesticides, such as nematicides, acaricides, and molluscicides, which address specific pest problems and are vital to the protection of crops and livestock. The 2023 market was valued at $26.17 billion, and by 2032, it is expected to reach $38.03 billion at a CAGR of 4.6%. The Active Ingredient Type segment of the Synthetic Pesticide Market offers a variety of market opportunity investments, and the rapid growth of the entire market reflects the increasing demand for effective pest control solutions in all its market sectors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Synthetic Pesticide Market Crop Type Insights
The Synthetic Pesticide Market is segmented by Crop Type into Cereals, Oilseeds, Pulses, Fruits, and Vegetables. Cereals held the largest market share in 2023, accounting for over 35% of the global market. This dominance can be attributed to the high demand for cereals such as rice, wheat, and corn, which are staple food crops for a large part of the world's population. The demand for synthetic pesticides in cereal cultivation is driven by the need to protect crops from pests, diseases, and weeds, which can significantly reduce yields. Oilseeds, such as soybeans, canola, and sunflower, accounted for a significant share of the market in 2023, and this segment is expected to grow at a steady pace in the coming years.Pulses, including lentils, chickpeas, and beans, are also major crops that require synthetic pesticides to protect them from pests and diseases. Fruits and vegetables, which are essential components of a healthy diet, also have a significant demand for synthetic pesticides to ensure high yields and quality. The demand for synthetic pesticides in these segments is expected to grow in line with the increasing global population and the rising demand for food.
Synthetic Pesticide Market Mode of Application Insights
The Mode of Application segment of the Synthetic Pesticide Market is segmented into Foliar Spray, Soil Treatment, Seed Treatment, and Others. Foliar Spray held the largest market share in 2023, accounting for over 40% of the Synthetic Pesticide Market revenue. This is attributed to the ease and cost-effectiveness of foliar application, as well as its effectiveness in controlling pests and diseases. Soil Treatment is the second-largest segment, with a market share of over 30%. Soil Treatment involves applying pesticides directly to the soil, which can provide long-term protection against pests and diseases.Seed Treatment is the third-largest segment, with a market share of over 20%. Seed Treatment involves treating seeds with pesticides before planting, which can protect seedlings from pests and diseases during the early stages of growth. The Others segment includes other modes of application, such as aerial application and chemigation. The Synthetic Pesticide Market is expected to grow at a CAGR of over 5% during the forecast period of 2024-2032. The growth of the market is attributed to the increasing demand for synthetic pesticides due to the rising global population and the need to protect crops from pests and diseases.
Synthetic Pesticide Market Formulation Insights
The Formulation segment plays a critical role in the Synthetic Pesticide Market, with different formulations catering to specific application methods and crop requirements. Liquids dominate the market, accounting for approximately 60% of the Synthetic Pesticide Market revenue in 2023. Their ease of application through spraying or pouring makes them suitable for large-scale farming and various crops. Solids, such as granules and powders, account for around 25% of the market, often used in soil treatment and seed coating due to their prolonged release and lower drift potential.Gases, though constituting a smaller share, are gaining popularity in controlled environments like greenhouses and for fumigation purposes. Other formulations, including emulsifiable concentrates and wettable powders, cater to specific requirements and offer advantages such as improved solubility and stability. The Synthetic Pesticide Market segmentation by Formulation provides insights into the market dynamics, growth potential and evolving trends, enabling manufacturers to tailor their offerings and strategies accordingly.
Synthetic Pesticide Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the Synthetic Pesticide Market. In 2023, direct sales accounted for the largest share of the market, primarily due to the strong relationships between manufacturers and large-scale farmers. Direct sales allow for personalized recommendations, technical support, and tailored pricing. Retail sales, on the other hand, are expected to grow at a significant rate during the forecast period (2024-2032), owing to the increasing availability of synthetic pesticides through retail channels such as hardware stores and garden centers.Online sales are also gaining traction, particularly for smaller-scale farmers and home gardeners who seek convenience and a wider product selection. Other distribution channels, such as distributors and agents, contribute to the market growth by providing access to a wider customer base and streamlining the distribution process.
Synthetic Pesticide Market Regional Insights
The regional landscape of the Synthetic Pesticide Market exhibits significant variations in market size and growth dynamics. North America, driven by large-scale agriculture and advanced farming practices, is projected to account for a substantial share of the market revenue in 2024, with values expected to rise from 101.953 to 168.082 billion USD by 2032. Europe, with its stringent regulations on pesticide use, is expected to experience moderate growth, with values expected to increase from 77.335 to 124.554 billion USD by 2032. APAC, characterized by a rapidly expanding agricultural sector and increasing adoption of synthetic pesticides, is anticipated to be the fastest-growing region in the coming years, with projected values from 90.224 to 144.221 billion USD by 2032.South America and MEA, while having smaller market shares, are expected to contribute to the overall growth of the Synthetic Pesticide Market, with values for South America expected to rise from 16.111 to 26.484 billion USD by 2032 and for MEA from 9.667 to 16.389 billion USD by 2032. These regional insights are crucial for market players to tailor their strategies and target specific geographies for growth and expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Synthetic Pesticide Market Key Players And Competitive Insights
Synthetic Pesticide Market’s major players are adopting various strategies to enhance their market presence and also to increase their global reach. Leading players in the Synthetic Pesticide Market are focusing on research and development activities to introduce advanced and more efficient products and technologies. This state of the Synthetic Pesticide Market is likely to increase the level of competitiveness in the market. In addition, the state of the market is not likely to be constant and, therefore, the level of competition is also anticipated to be dynamic. This is due to the involvement of many players and continued entry of the new entrants in the Synthetic Pesticide Market.Bayer is one of the Synthetic Pesticide Market’s major players. The company provides a wide range of herbicides, fungicides, and insecticides. Bayer has a huge presence in the global market and has an established and efficient distribution and sales network. The company has also made large investments in research and development to produce new and advanced products. Bayer’s products are compliant with the safety requirements and also with the environmental conservation rules for the operation. This is likely to present the company with a good situation that will likely help it to continue leading in the Synthetic Pesticide Market.Syngenta is also a major player in the Synthetic Pesticide Market. The company provides a large number of products and solutions for crop protection. Syngenta also has a strong market in emerging markets and has been making efforts to increase its presence in emerging markets. The company’s products are also due to improved and advanced technologies from research and development, which is likely to be one of the major reasons that help the company to succeed in the Synthetic Pesticide Market.
Key Companies in the Synthetic Pesticide Market Include
- Adama Agricultural Solutions
- Bayer CropScience
- UPL
- HELM Agro
- Sumitomo Chemical
- BASF
- Dow AgroSciences
- FMC Corporation
- Syngenta Crop Protection
- WilburEllis
- Rallis India
- Corteva Agriscience
- Nissan Chemical Industries
- Nufarm
Synthetic Pesticide Market Industry Developments
The Synthetic Pesticide Market is projected to reach USD 479.6 billion by 2032, exhibiting a CAGR of 5.54% during the forecast period (2024-2032). The growing demand for food production, coupled with the increasing incidence of crop pests and diseases, is driving market growth. Furthermore, the rising adoption of precision farming techniques and the development of new, more effective pesticides are expected to contribute to market expansion. Key industry participants are focusing on strategic collaborations and mergers and acquisitions to strengthen their market position and expand their product portfolios. Recent developments include the acquisition of FMC Corporation's Health and Nutrition business by SK Capital Partners and the merger of Corteva Agriscience and Dow AgroSciences to form the new entity, Corteva. These developments indicate the increasing consolidation trend in the industry.
-
Synthetic Pesticide Market Segmentation Insights
-
Synthetic Pesticide Market Active Ingredient Type Outlook
- Herbicides
- Insecticides
- Fungicides
- Rodenticides
- Others
-
Synthetic Pesticide Market Crop Type Outlook
- Cereals
- Oilseeds
- Pulses
- Fruits
- Vegetables
-
Synthetic Pesticide Market Mode of Application Outlook
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Others
-
Synthetic Pesticide Market Formulation Outlook
- Liquids
- Solids
- Gases
- Others
-
Synthetic Pesticide Market Distribution Channel Outlook
- Direct Sales
- Retail Sales
- Online Sales
- Others
-
Synthetic Pesticide Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
279.79(USD Billion) |
| Market Size 2023 |
295.29(USD Billion) |
| Market Size 2032 |
479.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.54% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Adama Agricultural Solutions, Bayer CropScience, UPL, HELM Agro, Sumitomo Chemical, BASF, Dow AgroSciences, FMC Corporation, Syngenta Crop Protection, Wilbur-Ellis, Rallis India, Corteva Agriscience, Nissan Chemical Industries, Nufarm |
| Segments Covered |
Active Ingredient Type, Crop Type, Mode of Application, Formulation, Distribution Channel, Regional |
| Key Market Opportunities |
1.      Growing demand for food 2.      rising crop yields 3.      increasing adoption of precision farming 4.      development of innovative products and 5.      favorable government regulations |
| Key Market Dynamics |
1.      Rising demand 2.      environmental concerns 3.      technological advancements 4.      regulatory changes 5.      industry consolidation |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Synthetic Pesticide Market is expected to reach a valuation of 295.29 USD Billion in 2023.
The Synthetic Pesticide Market is projected to grow at a CAGR of 5.54% from 2024 to 2032.
The growth of the Synthetic Pesticide Market is primarily driven by the increasing demand for food production and the need to protect crops from pests and diseases. Additionally, the rising adoption of modern farming practices and the expansion of agricultural land are contributing to the market growth.
The Asia-Pacific region is expected to hold the largest market share in the Synthetic Pesticide Market by 2032, owing to the increasing demand for food production and the presence of a large agricultural sector in the region.
Synthetic pesticides are primarily used in agriculture to control pests, diseases and weeds that can damage crops. They are also used in non-agricultural settings, such as in public health, to control disease-carrying insects and in forestry, to protect trees from pests and diseases.
Some of the key competitors in the Synthetic Pesticide Market include Syngenta, Bayer, BASF, Dow and FMC Corporation.
The Synthetic Pesticide Market faces challenges such as growing concerns over the environmental impact of pesticides, the development of resistance in pests to pesticides, and the increasing regulatory scrutiny on the use of pesticides.
Opportunities for growth in the Synthetic Pesticide Market include the development of new and more effective pesticides, the adoption of precision agriculture techniques, and the expansion of the market into new regions.
Key trends in the Synthetic Pesticide Market include the increasing adoption of biological pesticides, the development of smart and targeted pesticide application technologies, and the growing focus on sustainable agriculture practices.
The COVID-19 pandemic had a mixed impact on the Synthetic Pesticide Market. While the demand for pesticides declined in some sectors, such as horticulture, it increased in others, such as agriculture. Overall, the market is expected to recover and continue to grow in the post-pandemic period.
