Recent decades have seen an increase in agricultural productivity as a result of increased food demand brought on by the rapid population rise. To close the gap between food production and consumption, agrochemicals (fertilisers and pesticides) are frequently utilised in agriculture. For instance, Chlorpyrifos, first marketed by Dow Chemical in 1965, is the pesticide most frequently applied to crops like corn, soybeans, broccoli, and apples as well as non-agricultural areas like golf courses. Specialty pesticides are used by experts in vegetation management to prevent weeds from suffocating lakes, rivers, and streams. Products like pesticides and fertilisers are also used to cultivate plants and protect homes.
The market for Specialty pesticides was valued at US$ 232.37 billion in 2021 and is projected to grow to US$ 370.56 billion by 2030, with a forecasted CAGR of 4.0% (2022-2030).
Top Companies in the Specialty Pesticides Industry:
1. Syngenta (ChemChina): Owner of an agricultural enterprise with headquarters in Basel, Switzerland. The company creates a variety of products, including insecticides, fungicides, and herbicides (including bio-based ones), as well as plants designed to endure environmental challenges, to improve agricultural yields and combat plant diseases and pests. Established in 2000. Base of operations in Basel, Switzerland. State-owned company ChemChina has filed for an initial public offering (IPO) of Syngenta, the largest producer of agricultural chemicals in the world, which it acquired for $43 billion in 2017.
2. Bayer CropScience LLC: Crop-protection and hybrid seed products are manufactured, distributed, and sold to the agricultural sector by Bayer CropScience Ltd. The company offers a variety of agrochemical goods, including fungicides, weedicides, hybrid seeds, consumer in-home pest control products, and others. Built in 1862. Maharastra's Thane West is the headquarters. The partnership between Alliance One International, LLC and Bayer Crop Science, which was established with the aim of offering high-quality maize seeds and agronomic assistance to smallholder tobacco producers in Brazil, has released the phase two findings.
3. BASF: The largest chemical firm in the world, BASF was established in 1865 and is headquartered in Germany. Its products range from commonplace to specialise. The business also manufactures agricultural crop protection chemicals and automobile emissions control catalysts. In Canada, BASF purchases a location for the expansion of its North American battery recycling operations.
4. Dow AgroScinces: solution provider for crop protection for the biotechnology industry. The business sells fungicides, fumigants, insecticides, and herbicides. Additionally, it offers animal health solutions, canola and sunflower oils, agronomic seeds, and plant genetics. Founded 1989. America's administrative centre is in Indianapolis. The most recent purchases are Clean Filtration (April 2012), Nuvosun (Mar 2013), and Dow Corning (Dec 2015).
5. ADAMA: Farm chemicals for crop protection are made by Adama Ltd. Crop Protection and Intermediates & Ingredients are its two business segments. Operations in the seeds industry as well as the production and sale of conventional agrochemical products are included in the Crop Protection division. Built in 1945. office of Airport City Israel. As of 2022, ADAMA will purchase AgriNova New Zealand Ltd.
6. Nufarm: An international corporation called Nufarm Limited specialises in crop protection and creates, produces, and markets a variety of chemicals, such as fungicides, insecticides, and herbicides. Nufarm operates largely in the off-patent section of the crop-protection industry and sells its goods in the majority of the world's major agricultural regions. The two business divisions that make up Nufarm are seed technologies and crop protection. Founded 1916. Headquarters in Australia's Victoria. In 2022, Nufarm Limited announced that it has reached an agreement to sell Sumitomo Chemical Company Limited its South American seed treatment and crop protection operations in Brazil, Argentina, Colombia, and Chile for $1,188 million cash.
Definition: Any substance or mixture of substances intended for preventing, destroying, repelling, or mitigating any pest.
