PUBLISHER: TechSci Research | PRODUCT CODE: 1879189
PUBLISHER: TechSci Research | PRODUCT CODE: 1879189
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The Global Pesticides Market, valued at USD 1.67 billion in 2024, is expected to grow at a CAGR of 9.77%, reaching USD 2.92 billion by 2030. Pesticides-encompassing chemical and biological agents-are utilized to control, repel, or eliminate harmful pests such as insects, weeds, and fungi, playing a critical role in safeguarding crops and improving agricultural productivity. Market expansion is largely driven by the mounting need to ensure sufficient food production for a rapidly growing global population, coupled with the rising incidence of pest outbreaks and crop diseases that result in substantial yield losses. Ongoing developments in pesticide formulation technologies and application techniques further contribute to the sector's growth.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 1.67 Billion |
| Market Size 2030 | USD 2.92 Billion |
| CAGR 2025-2030 | 9.77% |
| Fastest Growing Segment | Fungicides |
| Largest Market | North America |
Key Market Drivers
Rising Global Food Demand and Expanding Population
A primary force behind the pesticides market is the escalating global demand for food driven by population growth. With arable land remaining limited, boosting productivity from existing farmland is essential. As a result, farmers depend increasingly on pesticides to minimize yield losses and sustain production levels. This dynamic is underscored by widespread food insecurity challenges. According to the United Nations (July 2024) in its report "Hunger numbers stubbornly high for three consecutive years as global crises deepen," an estimated 2.33 billion people experienced moderate or severe food insecurity in 2023. This persistent struggle to meet global nutritional needs reinforces the critical role of pesticides in protecting crops and enhancing agricultural efficiency.
Key Market Challenges
One of the most significant constraints on market expansion is the tightening global regulatory environment surrounding conventional chemical pesticides. Increasingly rigorous environmental standards elevate development costs, prolong regulatory approval timelines, and can lead to the removal of certain active ingredients from the market. These pressures limit the availability of traditional chemical solutions and push manufacturers to pivot toward more sustainable alternatives-often requiring greater investment, complex R&D processes, and longer development cycles.
Key Market Trends
Shift Toward Bio-Based and Sustainable Crop Protection
The pesticides sector is undergoing a rapid transition toward bio-based and environmentally friendly solutions, driven by rising sustainability expectations and evolving regulatory requirements. This shift is reinforced by substantial industry investments aimed at reducing ecological impact and improving safety. For example, CropLife Europe members have committed €4 billion toward biopesticide innovation as part of their 2030 goals. Similarly, in September 2023, Bayer announced an investment of approximately $236 million to build a new product safety complex in Monheim, Germany, focused on advancing sustainable crop protection technologies. These initiatives reflect an industry-wide movement toward biological formulations and eco-compatible products, reshaping future development pipelines and competitive dynamics across the global pesticides landscape.
In this report, the Global Pesticides Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Pesticides Market.
Global Pesticides Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: