Press release
Specialty Pesticides Market 2024: Size, Share, Growth, Trends, Analysis, Forecast, Outlook, Top Players
The speciality pesticides market size has grown strongly in recent years. It will grow from $132.26 billion in 2023 to $142.96 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased need for crop protection, expansion of precision farming practices, rise in global population, emergence of resistant pest strains, demand for sustainable agriculture, growing awareness of food safety, expansion of protected cultivation.
The speciality pesticides market size is expected to see strong growth in the next few years. It will grow to $191.72 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to globalization of agriculture, market demand for high-value crops, advancements in biopesticides, rapid expansion of organic farming, global food security concerns, focus on reduced environmental impact, regulatory support for sustainable practices. Major trends in the forecast period include integrated pest management (ipm), innovation in formulations, advancements in seed treatment, biotechnological solutions in pest control, digital agriculture and smart pesticides, investment in research and development, crop-specific solutions.
Market Overview -
Speciality pesticides are agents or substances used to eliminate, repel, or control certain forms of plant or animal life that are considered pests. Speciality pesticides are widely used in speciality agriculture, including fruits and vegetables, tree nuts, dried fruits, horticulture, and nursery crops. Speciality crops are plants that are intensively cultivated.
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Rising Global Food Demand To Drive Market Growth
The rising demand for food is expected to propel the growth of the speciality pesticides market. Food crops are agricultural plants grown for human consumption, such as fruits, vegetables, grains, and others. Food consumption is increasing due to population increase and rising affluence in developing nations. Speciality pesticides are used to increase food productivity by enhancing yield and lowering losses brought on by insects, illnesses, and weeds. For instance, according to data from the Food and Agricultural Organization, a Canada-based body of the United Nations, global food production will need to increase by 70% to meet the growing global population growth that is forecasted to reach 9.6 billion by 2050. Therefore, the rising demand for food will drive the speciality pesticides market.
Competitive Landscape -
Major companies operating in the speciality pesticides market report are Syngenta Crop Protection AG (ChemChina), Bayer Crop Science LLC, BASF SE, Dow AgroSciences LLC, Sumitomo Chemicals Co. Ltd., Corteva Agriscience Division of DowDuPont, Monsanto Company (Bayer), FMC Corporation, UPL Limited, Nufarm Limited, ADAMA Agricultural Solutions Ltd., Arysta Lifescience Inc., Isagro SPA, Limin Group Co. Ltd., Hailir Pesticides and Chemicals Group Co. Ltd., Shandong Luba Chemical Co. Ltd., Jiangsu Changqing Agrochemical Co. Ltd., Guangdong Zhongxun Agricultural Science Co. Ltd., Zhejiang Heben Pesticide & Chemicals Co. Ltd., Nippon Soda Co. Ltd., Nissan Chemical Corporation, Mitsui Chemicals Agro Inc., Cheminova A/S, DuPont de Nemours Inc., Makhteshim Agan Industries Ltd., Sinochem International Corporation, Jiangsu Huifeng Agrochemical Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Rotam CropSciences Ltd., Gowan Company LLC, Albaugh LLC
Product Innovations Transforming The Specialty Pesticides Market
Major companies operating in the specialty pesticides market are developing new pesticides with specialized formulation to gain a competitive edge in the market. For instance, in April 2022, BASF SE, a Germany-based chemicals company launched Exponus, an insecticide designed to empower Indian farmers in safeguarding their crops and enhancing productivity. Fueled by BASF's innovative active ingredient, Broflanilide, Exponus stands out with its novel mode of action, classified under the new IRAC group 30, representing meta-diamides and isoxazolines. This classification ensures no known cross-resistance with existing products, making Exponus a superior tool in insecticide resistance management. The insecticide delivers powerful, quick, and versatile control against resilient pests like caterpillars and thrips, addressing the challenge of resistance to prevailing chemistries.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/specialty-flours-global-market-report
Key Segments -
The speciality pesticides market covered in this report is segmented -
1) By Type: Fungicide, Insecticide, Herbicides, Other Types
2) By Origin: Synthetic, Bio-Based
3) By Application: Grains, Cereals, Oilseeds, Pulses, Fruits And Vegetables, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
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Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The speciality pesticides market size is expected to see strong growth in the next few years. It will grow to $191.72 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to globalization of agriculture, market demand for high-value crops, advancements in biopesticides, rapid expansion of organic farming, global food security concerns, focus on reduced environmental impact, regulatory support for sustainable practices. Major trends in the forecast period include integrated pest management (ipm), innovation in formulations, advancements in seed treatment, biotechnological solutions in pest control, digital agriculture and smart pesticides, investment in research and development, crop-specific solutions.
Market Overview -
Speciality pesticides are agents or substances used to eliminate, repel, or control certain forms of plant or animal life that are considered pests. Speciality pesticides are widely used in speciality agriculture, including fruits and vegetables, tree nuts, dried fruits, horticulture, and nursery crops. Speciality crops are plants that are intensively cultivated.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7976&type=smp
Rising Global Food Demand To Drive Market Growth
The rising demand for food is expected to propel the growth of the speciality pesticides market. Food crops are agricultural plants grown for human consumption, such as fruits, vegetables, grains, and others. Food consumption is increasing due to population increase and rising affluence in developing nations. Speciality pesticides are used to increase food productivity by enhancing yield and lowering losses brought on by insects, illnesses, and weeds. For instance, according to data from the Food and Agricultural Organization, a Canada-based body of the United Nations, global food production will need to increase by 70% to meet the growing global population growth that is forecasted to reach 9.6 billion by 2050. Therefore, the rising demand for food will drive the speciality pesticides market.
Competitive Landscape -
Major companies operating in the speciality pesticides market report are Syngenta Crop Protection AG (ChemChina), Bayer Crop Science LLC, BASF SE, Dow AgroSciences LLC, Sumitomo Chemicals Co. Ltd., Corteva Agriscience Division of DowDuPont, Monsanto Company (Bayer), FMC Corporation, UPL Limited, Nufarm Limited, ADAMA Agricultural Solutions Ltd., Arysta Lifescience Inc., Isagro SPA, Limin Group Co. Ltd., Hailir Pesticides and Chemicals Group Co. Ltd., Shandong Luba Chemical Co. Ltd., Jiangsu Changqing Agrochemical Co. Ltd., Guangdong Zhongxun Agricultural Science Co. Ltd., Zhejiang Heben Pesticide & Chemicals Co. Ltd., Nippon Soda Co. Ltd., Nissan Chemical Corporation, Mitsui Chemicals Agro Inc., Cheminova A/S, DuPont de Nemours Inc., Makhteshim Agan Industries Ltd., Sinochem International Corporation, Jiangsu Huifeng Agrochemical Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Rotam CropSciences Ltd., Gowan Company LLC, Albaugh LLC
Product Innovations Transforming The Specialty Pesticides Market
Major companies operating in the specialty pesticides market are developing new pesticides with specialized formulation to gain a competitive edge in the market. For instance, in April 2022, BASF SE, a Germany-based chemicals company launched Exponus, an insecticide designed to empower Indian farmers in safeguarding their crops and enhancing productivity. Fueled by BASF's innovative active ingredient, Broflanilide, Exponus stands out with its novel mode of action, classified under the new IRAC group 30, representing meta-diamides and isoxazolines. This classification ensures no known cross-resistance with existing products, making Exponus a superior tool in insecticide resistance management. The insecticide delivers powerful, quick, and versatile control against resilient pests like caterpillars and thrips, addressing the challenge of resistance to prevailing chemistries.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/specialty-flours-global-market-report
Key Segments -
The speciality pesticides market covered in this report is segmented -
1) By Type: Fungicide, Insecticide, Herbicides, Other Types
2) By Origin: Synthetic, Bio-Based
3) By Application: Grains, Cereals, Oilseeds, Pulses, Fruits And Vegetables, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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