Specialty Pesticides Market, By Product Type (Herbicides, Insecticides, Fungicides, and Others), By Application (Crop Protection and Non-Crop Protection), By Formulation (Liquid, Granular, and Powder), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI5117

Pages :105

Formats :

Excel and PDF

Industry : Agrochemicals

Specialty Pesticides Market Size and Trends

Global specialty pesticides market is estimated to be valued at USD 23.58 Bn in 2025 and is expected to reach USD 34.33 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.

Specialty Pesticides Market Key Factors

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Specialty pesticides are used in a variety of applications such as household insecticides, termite control, wood treatment, and others. Increased awareness about health and hygiene along with rising prevalence of hospital acquired infections is expected to drive the demand for antiseptics and disinfectants. Stringent regulations regarding sterilization and disinfection of medical devices and healthcare facilities are also boosting the market growth. Growing usage of antiseptics and disinfectants in veterinary and food processing industries is further expected to support market expansion through 2032.

Market Driver - Increasing demand for high-yield and pest-resistant crops

The global food demand is rising continuously owing to the increasing population. On the other hand, arable land for agriculture is shrinking at an alarming rate due to rapid urbanization. Therefore, farmers are under tremendous pressure to produce more crops from existing agricultural land in order to meet the demand. This has led to increasing adoption of high-yield and pest-resistant crop varieties among farmers worldwide. Specialty pesticides that are specifically formulated to protect such crops play a vital role in boosting agricultural productivity.

Cereals and grains are among the important crops for which high-yield varieties are widely cultivated. However, these HYV crops also attract large infestation from various pests and diseases. Continuous planting of the same crop varieties increases susceptibility to pest attacks. Specialty pesticides such as biopesticides and others that contain bioactive ingredients targeted towards crop-specific pests help farmers protect such susceptible HYV crops. This ensures maximizing yields from existing farmlands. Even fruits and vegetables cultivation has greatly intensified in recent years. These perishable commodities require extensive protection from fungal, bacterial and viral diseases through specialty fungicides and bactericides.