The Global Pesticide Market Is Expected To Grow With A Cagr Of 7.5% From 2023 To 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global pesticide market looks promising with opportunities in the insecticides, fungicides, and herbicides markets. The global pesticide market is expected to reach an estimated $83 billion by 2030 from $50 billion in 2023 at a CAGR of 7.5% from 2023 to 2030. The major drivers for this market are heightened need for increased agricultural production to ensure food security, innovations in pest management, including the development of more effective and targeted pesticides, and stricter regulations and safety standards concerning pesticide use and residue levels.
In this market, synthetic pesticide and bio pesticide are the major segments of pesticide market by product type.
Lucintel forecasts that synthetic pesticide will remain larger segment over the forecast period due to improved efficiency in the utilization of pesticides.
Within this market, herbicides will remain the largest segment due to increasing demand for weed management and food security.
APAC will remain the largest region over the forecast period due to increasing crop yield and ...
... efficiency in developing economies such as china and india.
Syngenta, BASF, Bayer, Monsanto, and Dow Chemicals are the major suppliers in the pesticide market.
Download sample by clicking on pesticide market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get acces of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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