Global Agricultural Pesticides Market Size By Type (Herbicides, Insecticides), By Application (Corn, Wheat), By Region, And Segment Forecasts, 2023 to 2032

The Global Agricultural Pesticides Market was valued at USD 73.5 billion in 2023 and is projected to exceed USD 102.3 billion by 2031, growing at a CAGR of 4.2% during the forecast period of 2023-2031. The market growth is fueled by increasing global food demand, advancements in pesticide formulations, and rising awareness of crop protection. Agricultural pesticides play a crucial role in enhancing crop yield and quality, ensuring sustainable agricultural practices to meet the needs of a growing population.

Drivers:

Rising Global Food Demand: The expanding global population drives the demand for higher agricultural productivity, where pesticides help control pests, weeds, and diseases, ensuring optimal crop yields.

Advancements in Formulation Technologies: Innovations like bio-based pesticides and nano-formulations are gaining traction, offering sustainable and efficient pest control solutions.

Climate Change Impact on Agriculture: Changes in climate patterns increase the prevalence of pests and diseases, spurring the need for effective crop protection measures.

Restraints:

Environmental and Health Concerns: Excessive use of synthetic pesticides raises concerns about environmental degradation, biodiversity loss, and human health risks, leading to stringent regulations.

High Development Costs: The research and development of novel, eco-friendly pesticides involve significant investments, which can challenge market players, especially smaller firms.

Opportunity:

Emergence of Bio-Pesticides: Increasing demand for organic produce and sustainable farming practices opens avenues for bio-pesticides, a cleaner alternative to traditional chemicals.

Untapped Markets in Developing Regions: Emerging economies in Asia-Pacific and Africa with growing agricultural activities present substantial opportunities for market expansion.

Integration of IoT and AI in Precision Agriculture: Technologies enabling targeted pesticide application are expected to reduce wastage and improve efficiency, boosting demand for smart farming solutions.

Market by System Type Insights:

The Herbicides segment dominated the market in 2023, driven by rising demand to manage invasive weeds effectively. However, the Bio-Pesticides segment is projected to witness the highest growth rate during the forecast period, owing to growing awareness and adoption of organic farming practices.

Market by End-use Insights:

The Cereals & Grains segment emerged as the largest consumer of agricultural pesticides, accounting for over 45% of the market in 2023. This is attributed to the high demand for staple foods like rice, wheat, and maize. Meanwhile, the Fruits & Vegetables segment is anticipated to grow rapidly due to increasing global consumption of horticultural crops.

Market by Regional Insights:

Asia-Pacific holds the largest market share, driven by extensive agricultural activities in countries like China, India, and Indonesia. The region is also experiencing a shift towards bio-pesticides and precision agriculture technologies.

North America and Europe are witnessing moderate growth, primarily due to strict regulations favoring eco-friendly pesticides and advanced farming practices.

Africa and Latin America present untapped potential, supported by governmental initiatives to enhance agricultural productivity.

Competitive Scenario:

Key players in the market include Syngenta Group, Bayer CropScience, BASF SE, Corteva Agriscience, FMC Corporation, UPL Limited, Sumitomo Chemical Co., Ltd., Adama Agricultural Solutions, and Nufarm Limited. These companies focus on R&D, partnerships, and geographical expansions to strengthen their market position. Notable developments include:

In 2023, Bayer CropScience launched a new generation of bio-herbicides targeting resistant weed species.

Syngenta Group introduced AI-driven pest monitoring solutions integrated with advanced pesticide delivery systems.

Scope of Work – Global Agricultural Pesticides Market

Key Market Developments:

April 2023: BASF SE launched a novel bio-fungicide tailored for tropical crops, enhancing disease resistance.

June 2024: FMC Corporation partnered with a major precision agriculture startup to deliver AI-enhanced pesticide application solutions.

September 2025: Corteva Agriscience introduced a nano-pesticide technology, offering targeted pest control with reduced environmental impact.

FAQs:

What is the current market size of the Global Agricultural Pesticides Market? The market size was valued at USD 73.5 billion in 2023.

What is the major growth driver of the Global Agricultural Pesticides Market? Rising global food demand and technological advancements in formulations.

Which is the largest region during the forecast period in the Global Agricultural Pesticides Market? Asia-Pacific leads the market, supported by extensive agricultural activities and modernization efforts.

Which segment accounted for the largest market share in the Global Agricultural Pesticides Market? Herbicides accounted for the largest share in 2023.

Who are the key market players in the Global Agricultural Pesticides Market? Syngenta Group, Bayer CropScience, BASF SE, Corteva Agriscience, and FMC Corporation.