Product Code: CMI5117
Global specialty pesticides market is estimated to be valued at USD 22.35 Bn in 2024 and is expected to reach USD 32.17 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 22.35 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
5.30% |
2031 Value Projection: |
US$ 32.17 Bn |
Figure. Specialty Pesticides Market Share (%), By Region 2024
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)
- Herbicides
- Insecticides
- Fungicides
- Others
- Application Insights (Revenue, USD Bn, 2019 - 2031)
- Crop Protection
- Non-Crop Protection
- Formulation Insights (Revenue, USD Bn, 2019 - 2031)
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- 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.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Formulation
- Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Specialty Pesticides Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Specialty Pesticides Market - COVID-19
- Impact Analysis
5. Global Specialty Pesticides Market, By Product Type, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Herbicides
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Insecticides
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Fungicides
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Specialty Pesticides Market, By Application, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Crop Protection
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Non-Crop Protection
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
7. Global Specialty Pesticides Market, By Formulation, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Liquid
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Granular
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Powder
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
8. Global Specialty Pesticides Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Formulation, 2019- 2031 (US$ Bn)
- Countries
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Formulation, 2019- 2031 (US$ Bn)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Formulation, 2019- 2031 (US$ Bn)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Formulation, 2019- 2031 (US$ Bn)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Formulation, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Formulation, 2019- 2031 (US$ Bn)
- Regions
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Bayer AG
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Syngenta AG
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Corteva Agriscience
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- FMC Corporation
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Adama Agricultural Solutions Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Nufarm Limited
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Sumitomo Chemical
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Monsanto Company (part of Bayer)
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- UPL Limited
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Lanxess AG
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Nippon Soda Co., Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Zhejiang Jianfeng Chemical Co., Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Hanfeng Evergreen Inc.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- American Vanguard Corporation
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Arysta LifeScience Corporation
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Mitsui Chemicals, Inc.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- SABIC
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Kumiai Chemical Industry Co., Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Rallis India Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact