The global specialty pesticides market is estimated to be valued at USD 22.35 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The global specialty pesticides market is projected to witness significant growth during the forecast period owing to the increasing incidence of pest attacks on crops due to climatic changes. Specialty pesticides are low-volume, high-value pesticides that control a variety of agricultural threats like weeds, diseases, and insects to enhance yield. Their usage is increasing across developed and developing nations to boost agricultural productivity through advanced and targeted pest management. Strong demand for high-value commodities and regulatory support for reducing chemical residues in food crops are expected to stimulate market revenue. However, factors such as rising environmental concerns about toxic residues may impede the global specialty pesticides market growth to a certain extent over the coming years.
Market Dynamics:
The global specialty pesticides market is driven by the rising need to increase agricultural output to feed the growing global population. Rapid pest evolution and the emergence of new pests amid changing climatic conditions are further propelling the demand for specialized agrochemicals. Favorable government initiatives and subsidies to promote sustainable farming practices also boost market growth. However, stringent regulations pertaining to the use of hazardous agrochemicals pose a challenge. Meanwhile, advancements in biopesticide technologies present lucrative opportunities. The development of bio-based and targeted solutions with minimal environmental footprint can help address the current restraints and augment the specialty pesticides market reach.
Key Features of the Study:
- This report provides in-depth analysis of the global specialty pesticides market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global specialty pesticides market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Bayer AG, Syngenta AG, Corteva Agriscience, BASF SE, FMC Corporation, Adama Agricultural Solutions Ltd., Nufarm Limited, Sumitomo Chemical, Monsanto Company (part of Bayer), UPL Limited, Lanxess AG, Nippon Soda Co., Ltd., Zhejiang Jianfeng Chemical Co., Ltd., Hanfeng Evergreen Inc., American Vanguard Corporation, Arysta LifeScience Corporation, Mitsui Chemicals, Inc., SABIC, Kumiai Chemical Industry Co., Ltd., and Rallis India Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global specialty pesticides market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global specialty pesticides market
Detailed Segmentation-
- Product Type Insights (Revenue, USD Bn, 2019 - 2031)
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- Herbicides
- Insecticides
- Fungicides
- Others
- Application Insights (Revenue, USD Bn, 2019 - 2031)
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- Crop Protection
- Non-Crop Protection
- Formulation Insights (Revenue, USD Bn, 2019 - 2031)
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- Regional Insights (Revenue, USD Bn, 2019 - 2031)
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- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Bayer AG
- Syngenta AG
- Corteva Agriscience
- BASF SE
- FMC Corporation
- Adama Agricultural Solutions Ltd.
- Nufarm Limited
- Sumitomo Chemical
- Monsanto Company (part of Bayer)
- UPL Limited
- Lanxess AG
- Nippon Soda Co., Ltd.
- Zhejiang Jianfeng Chemical Co., Ltd.
- Hanfeng Evergreen Inc.
- American Vanguard Corporation
- Arysta LifeScience Corporation
- Mitsui Chemicals, Inc.
- SABIC
- Kumiai Chemical Industry Co., Ltd.
- Rallis India Ltd.
