The pesticides and other agricultural chemicals market consists of the sales of pesticide and other agricultural chemicals by entities (organizations, sole traders or partnerships) that formulate and prepare agricultural and household pest control chemicals (except fertilizers). The pesticides and other agricultural chemicals market is segmented into herbicides; insecticides; fungicides and other pesticide and other agricultural chemicals.
The global pesticide and other agricultural chemicals market is expected to grow from $80.27 billion in 2020 to $84.82 billion in 2021 at a compound annual growth rate (CAGR) of 5.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $109.75 billion in 2025 at a CAGR of 7%.
