Global Fungicides Market

The crop protection chemicals are used to manage and minimize weeds and plant diseases. The crop protection chemicals are known as a class of agrochemicals that consists of chemical substances which help in preventing crop deterioration from pests and insects infestation. The main types of crop protection chemicals are fungicide, insecticide, nematicide, and herbicide. Fungicide is a pesticide that is used by farmers to control the fungi which damage the plants in fields. They can be of synthetic and bio-based origin and can be applied by various modes of applications such as foliar spray, soil treATMents, seeds treATMents, others. The main applications are grains and cereals, pulses and oilseeds, fruits and vegetables, and commercials crops. The crop protection chemicals research report is one of a series of new reports from The Business Research Company that provides crop protection chemicals statistics, including crop protection chemicals industry global market size, regional shares, competitors with crop protection chemicals share, detailed crop protection chemicals segments, market trends and opportunities, and any further data you may need to thrive in the crop protection chemicals industry. This crop protection chemicals research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global crop protection chemicals market size grew from $60.7 billion in 2022 to $64.62 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The crop protection chemicals market size is expected to grow to $78.95 billion in 2027 at a CAGR of 5.1%. The increasing need for food owing to the rising population is significantly contributing to the growth of the crop protection chemicals market. Food is any nutritious substance that is consumed by people to maintain growth and life. As the world's population grows, so does the demand for high-yielding crops and crop protection. As a result, the demand for crop protection chemicals in the fields grows as well. For instance, according to the Food and Agriculture Organization (FAO), in 2020, one in every three people, or 2.37 billion people, did not have enough food access in 2020, and over 660 million people may face famine by 2030. Therefore, the increasing need for food owing to the rising population is expected to propel the growth of the crop protection chemicals market going forward. Technological advancements have emerged as a key trend in the crop protection chemicals market. Major companies operating in the crop protection chemicals sector are focused on developing new technological solutions to promote their growth and reach consumer demand. For instance, in November 2021, Syngenta Crop Protection, a Switzerland-based agricultural science, and technology company launched PLINAZOLIN technology with IRAC Group 30, a novel mode of action that protects crops from a wide variety of pests. It replaces previous, less effective chemicals and provides an effective solution in resistance control tactics. PLINAZOLIN technology’s sunshine stability and rain resistance enable wider spray intervals and fewer applications to improve crop performance and efficiency. In January 2020, Crystal Crop Protection Ltd., an India-based agrochemical products company acquired three insecticide brands Dursban, Nurelle-D, and Predator from Corteva Agriscience for an undisclosed amount. Through this acquisition, Crystal Crop aimed to strengthen its strategy in diversifying its product portfolio and to grow its market presence. Corteva Agriscience is a US-based agricultural chemical company that offers crop protection chemicals. Major players in the crop protection chemicals market are BASF SE, Bayer CropScience AG, Syngenta International AG, Sumitomo Chemicals, Nufarm Ltd., ChemiChina Corporation, Corteva Agriscience, UPL Limited, FMC Corporation, American Vanguard Corporation, ISAGRO Spa, Bioworks Inc., Ishihara Sangyo Kaisha Ltd., Marrone Bio Innovations Inc., and Rotam Cropscience Ltd. North America was the largest region in the crop protection chemicals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global crop protection chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the crop protection chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The crop protection chemicals market consists of sales of rodenticides and baceticides. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global crop protection chemicals market is segmented - 1) By Type: Fungicide, Insecticide, Nematicide, Herbicide 2) By Origin: Synthetic, Bio-Based 3) By Mode Of Applications: Foliar Spray, Soil TreATMents, Seeds TreATMents, Other Mode Of Applications 4) By Applications: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercials Crop

The agricultural adjuvants are chemicals used to enhance the efficiency of chemicals agents and other pesticides products to eliminate the pests and help in building up response and ability of the pesticides. An agricultural adjuvant is any material (other than water) that is added to an agricultural chemical product to change its physicochemical qualities and/or improve its efficacy. Adjuvants are additives that are either added to the formulation or added to the spray tank to modify chemical fertilizer activity or application characteristics such as better mixing and handling, spray retention, droplet drying and increasing droplet coverage, boosting herbicide cuticle penetration and cellular accumulation, and lowering herbicide leaching through the soil profile are all advantages. The main types of agricultural adjuvants are activator adjuvants, oil adjuvants, utility adjuvants, and surfactants. Activator adjuvants are chemicals that are added to pesticides to increase their activity, often by enhancing absorption and decreasing surface tension on the leaf. The various formulations of adjuvants include suspension concentrates and emulsifiable concentrators that are used in cereals and grains crops, oilseeds and pulses crops, and fruits and vegetable plants. The adjuvants are utilized in herbicides, insecticides, fungicides, and others. The agricultural adjuvants market research report is one of a series of new reports from The Business Research Company that provides agricultural adjuvants market statistics, including agricultural adjuvants industry global market size, regional shares, competitors with an agricultural adjuvants market share, detailed agricultural adjuvants market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural adjuvants industry. This agricultural adjuvants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agricultural adjuvants market size grew from $3.72 billion in 2022 to $4.1 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The agricultural adjuvants market size is expected to grow to $6.05 billion in 2027 at a CAGR of 10.2%. Increasing demand for agrochemicals is driving the growth of the agricultural adjuvants market. Agrochemicals are chemical products composed of fertilizers, pesticides, and plant-growth hormones used in agriculture. An agricultural adjuvant is an auxiliary that increases the effectiveness of an agrochemical. For instance, in August 2021, according to International Fertilizer Association, a France-based non-profit organization representing global fertilizer industry, global fertilizer use (N + P2O5 + K2O) was estimated to be 198.2 Mt in 2020/21, nearly 10 Mt (5.2%) higher than in 2019/20. This is the most significant increase since 2010/11. Nitrogen demand increased by 4.1% (4.3 Mt) to 110.0 Mt in 2020/21, accounting for more than half of global fertilizer use. Phosphorus demand increased by 7.0% (3.3 Mt) to 49.6 Mt. Potash demand increased by 6.2% (2.2 Mt) to 38.5 Mt. Thus, the growing demand for agrochemicals is driving the growth of the agricultural adjuvants market. Technological advancements are a key trend gaining popularity in the agricultural adjuvants market. For instance, in 2020, BASF, a German multinational chemical company announced the launch of Sentris buffering technology in the growing season of 2021. Sentris is a liquid buffering agent that when added to a dicamba spray solution, raises and stabilizes the pH of the solution while lowering the possibility for volatility. It has also been proven to reduce the potential for tank contamination by helping spray system clean-out and hygiene. In April 2021, DKSH, a Swiss-based company specializing in market expansion services acquired SACOA Pty Ltd for an undisclosed amount. The acquisition is by DKSH’s objective to diversify its value-added service offering and will propel the company to the forefront of specialty agricultural chemical distribution in Australia. SACOA is an Australia-based developer, formulator, and supplier of adjuvants for use in agricultural crop protection products to increase and enhance performance and effectiveness. Major players in the agricultural adjuvants market are Evonik Industries, Nufarm, Croda International PLC., Clariant International Ltd., Adjuvant Plus Inc., Helena Agri-Enterprises LLC, Solvay, Winfield Solutions LLC, BASF SE, Croda International PLC, Brenntag North America Inc., and Stepan Company. North America was the largest region in the agricultural adjuvants market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in agricultural adjuvants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the agricultural adjuvants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agricultural adjuvants market consists of sales of surfactants including anionic surfactants, cationic surfactants and nonionic surfactants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agricultural adjuvants market is segmented - 1) By Type: Activator Adjuvants, Oil Adjuvants, Utility Adjuvants, Surfactants 2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables 3) By Formulation Type: Suspension Concentrates, Emulsifiable Concentrators 4) By Application: Herbicides, Insecticides, Fungicides, Other Applications

The pesticides and other agricultural chemicals refer to agricultural and household pest control chemicals (except fertilizers) used to control pests and weeds in farmlands. These are used to protect plants against pests, kill weeds and bugs, and get rid of diseases. The main types of pesticides and other agricultural chemicals are herbicides, insecticides, fungicides, other types of pesticides, and other agricultural chemicals. Herbicides are chemicals that are used to control undesirable vegetation. Herbicide application occurs in row-crop farming, where they are applied before or during planting to maximize crop productivity by minimizing other vegetation. The origin is synthetic and bio-based. The applications involved are grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications. The pesticides and other agricultural chemicals market research report is one of a series of new reports from The Business Research Company that provides pesticides and other agricultural chemicals market statistics, including pesticides and other agricultural chemicals industry global market size, regional shares, competitors with a pesticides and other agricultural chemicals market share, detailed pesticides and other agricultural chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the pesticides and other agricultural chemicals industry. This pesticides and other agricultural chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global pesticide and other agricultural chemicals market grew from $90.5 billion in 2022 to $98.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pesticide and other agricultural chemicals market is expected to grow to $139.42 billion in 2027 at a CAGR of 9.1%. The world population is growing and is expected to reach 10 billion by 2050. This is expected to significantly boost the pesticide and other agricultural chemicals market during the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production. This is expected to increase the demand for insecticides, herbicides, and fungicides in the forecast period. The rising demand for organic food products is expected to negatively impact the pesticide market during the forecast period. Organic food products are derived through a farming system that avoids the use of pesticides and other artificial additives. For instance, according to the Organic Trade Association, a North American business association for the organic industry, the organic food sales in the United States increased by 12.8% in 2020 to a new high of $56.4 billion. This rise in demand for organic products is likely to restrain the pesticide and other agricultural chemicals market during the forecast period. Toxicologists globally are adopting nanotechnology in the development of new, environmentally friendly insecticides. Nanoparticles have revolutionized the pharmaceutical and chemical industries. Pesticidal nanoformulations are ultrafine particles with enhanced permeability, stability, and solubility. Most engineers believe that nanotechnology can help make insecticides much safer. Nano-sized insecticides can be sprayed in lesser amounts on agricultural fields in comparison with conventional forms. For example, Lansiumamide B (antibacterial) is formulated as a nanocapsule to treat tobacco bacterial wilt. Thiamethoxam (insecticide) is sprayed as nanoscaled fiber, and Deltamethrin (insecticide) is formulated as a lipid nanoparticle. Major companies in the pesticide and other agricultural chemicals market include Syngenta AG, Bayer AG, Marubeni, Corteva Inc., Nutrien Ltd., FMC Corp, BASF SE, Adama Agricultural Solutions, Nufarm Limited, and Reckitt Benckiser Group plc. Asia-Pacific was the largest region in the pesticide and other agricultural chemicals market in 2022. Western Europe was the second largest region in the pesticide and other agricultural chemicals market. The regions covered in the pesticides and other agricultural chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pesticide and other agricultural chemicals market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The pesticides and other agricultural chemicals market consists of the sales of rodenticides, liming and acidifying agents, soil conditioners, and chemicals used in animal husbandry. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global pesticide and other agricultural chemicals market is segmented - 1) By Type: Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals 2) By Origin: Synthetic, Bio-Based 3) By Application: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Applications

The biopesticides include certain types of pesticides derived from natural materials such as animals, plants, bacteria, and certain minerals. Biopesticides are biological, natural substances that manage a wide range of agricultural pests found in forests, gardens, and farmlands. This includes plant-incorporated protectants, biochemical pesticides, and microbial pesticides. The main types of biopesticides are bioinsecticides, biofungicides, bionematicides, bioherbicides, and others. Bio nematodes are biopesticides used to protect crops from nematode infestation. The bio nematicides are environmentally friendly and have no negative effects on soil fertility or crop quality. The various sources of biopesticides include microbials, biochemicals, and beneficial insects and are available in liquid and dry formulations. Biopesticides are applied for different modes of application such as seed treatment, soil treatment, foliar spray, and others. The biopesticides research report is one of a series of new reports from The Business Research Company that provides biopesticides statistics, including biopesticides industry global market size, regional shares, competitors with biopesticides share, detailed biopesticides segments, market trends and opportunities, and any further data you may need to thrive in the biopesticides industry. This biopesticides research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global biopesticides market size grew from $5.11 billion in 2022 to $6.13 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The biopesticides market size is expected to grow to $11.27 billion in 2027 at a CAGR of 16.4%. The rising demand for organic food is expected to propel the growth of the biopesticides market going forward. During the COVID-19, the demand for organic food has increased as buyers perceived it as healthier and good for immunity. Biopesticides are composed of toxins found in living organisms that are harmful to pests that attack plants but have no effect on the plant itself, therefore reducing soil pollution and erosion. As a result, biopesticides are used in organic crop production. For instance, according to the Healthline report, U.S. consumers spent nearly $56 billion on organic produce in the year 2020. In addition, according to the US Organic Trade Association, organic product sales reached 12.4% in 2020, surpassing $60 billion for the first time and more than twice the previous year's growth. Therefore, the rising demand for organic food will drive the growth of the biopesticides market. Technological advancement has emerged as a key trend in the biopesticides market. Biopesticides manufacturers are developing new bacterial strains using new technologies for biological control of pests and plant diseases. For instance, in February 2021, Ballagro Agro Technology Ltd., a Brazil-based agricultural company launched biopesticide Acera based on Embrapa technology. Acera is a biopesticide formed by mixing two isolates of Bacillus thuringiensis (BT) bacteria. Bacillus thuringiensis (BT) is a bacterial species that produce proteins with poisonous effects for insects but not for humans or other animals. It is not harmful to the environment, unlike chemical pesticides. The substance must be sprayed on the leaves, and the caterpillars are influenced by the action of such proteins when they eat them. The product will benefit crops such as soybeans, corn, and cotton in particular. In October 2020, Syngenta Group, a Switzerland-based company that provides agricultural science and technology acquired Valagro for an undisclosed amount. This acquisition strengthens Syngenta Group's goal of offering farmers more complimentary product and technology options, which reinforces the company's commitment to making agriculture more resilient and sustainable. Valagro is an Italy-based company that is specialized in the manufacturing and sale of biostimulants and specialty nutrients. Major players in the biopesticides market are BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovation, Novozymes A/S, Koppert Biological Systems, FMC Corporation, International Panaacea Ltd., Som Phytopharma India Ltd., BioWorks Inc., Valent Biosciences LLC, Andermatt Biocontrol AG, Isagro S.p.A, Certis US L.L.C, DowDuPont, The Stockton (STK) Group, InVivo Group, Vegalab S.A, Biobest Group NV, STK Bio-ag, Bionema, Corteva Agriscience, Sumitomo Chemical Co. Ltd., Omnia Holdings Limited, Amit Biotech, Agbiochem Inc., Agbitech Pty Ltd., Arbico Organics, Arysta Lifescience, and Stoller. North America was the largest region in the biopesticides market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the biopesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the biopesticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The biopesticides market consists of sales of biopesticides extracted from various sources such as plant extracts and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global biopesticides market is segmented - 1) By Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Types 2) By Source: Microbials, Biochemicals, Beneficial insects 3) By Formulation: Liquid Formulation, Dry Formulation 4)By Mode Of Application: Seed TreATMent, Soil TreATMent, Foliar Spray, Other Mode Of Applications

The agrochemical refers to synthetic and commercially generated chemicals that are employed in farming and to regulate ecosystems in agricultural areas. Agrochemicals contaminate the nearby lands and waterways and enter the food chain, where they cause bioaccumulation. Excessive usage of such pesticides produces a sizable number of residues, which has an effect on crops. The main types of fertilizers in agrochemicals are nitrogen fertilizer, phosphatic fertilizer, potassic fertilizer, and others. Nitrogen-containing fertilizers help the plants grow faster and help them produce more crops. The different pesticide types include fungicides, herbicides, insecticides, and others and are used in crop-based and non-crop-based applications. The agrochemicals market research report is one of a series of new reports from The Business Research Company that provides agrochemicals market statistics, including agrochemicals industry global market size, regional shares, competitors with an agrochemicals market share, detailed agrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the agrochemicals industry. This agrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global agrochemicals market size grew from $241.85 billion in 2022 to $259.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agrochemicals market size is expected to grow to $334.12 billion in 2027 at a CAGR of 6.5%. The increasing population and consequent rise in food demand are expected to propel the growth of the agrochemicals market going forward. Food refers to the substance consisting of protein, carbohydrates, fat, and other nutrients used in the body of an organism for sustaining growth, and vital processes and furnishing energy. The steady growth in the population is directly proportional to food demand and growth in the agrochemicals market. For instance, according to United Nations, a US-based intergovernmental organization, the world’s population has been expected to increase by 2 billion people in the next 30 years, from 7.7 billion in 2021 to 9.7 billion in 2050. Also, according to Intechnopen, a UK-based publisher of journals and books, the global demand for food has been expected to increase by 70% by 2050. Therefore, the increasing population and consequent rise in food demand will drive the growth of the home infusion therapy market. Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the agrochemical market. Major companies operating in the agrochemicals sector are looking for partnerships to strengthen their position in the market. For instance, in October 2021, Enko, a US-based global crop health company, partnered with Nufarm, an Australia-based agrochemical company to to create brand-new chemical processes and broaden the European, American, and Australian supply chains for vital new herbicides. The collaboration will specifically address the demand for expanded access and innovative chemistries. To develop novel, secure chemical formulations, Enko and Nufarm will test the efficacy of mixing Enko's top herbicide candidate with Nufarm's goods. Furthermore, in January 2022, BASF, a Germany-based chemical company, collaborated with Innospec. This collaboration allows BASF to broaden its portfolio and offer DCI-11 Plus ClearTrak along with industry-leading Sales and Technical Support. Innospec is a US-based chemical company. In April 2020, Sumitomo Chemicals, a Japan-based chemical company that provides a wide range of agrochemical products, acquired four South American subsidiaries of Nufarm for an undisclosed amount. This acquisition helps the Sumitomo Chemical Company expand its global footprint in crop protection across various regions, including Brazil. Nufarm Limited is an Australia-based agriculture chemical company that offers innovative crop protection solutions. Major players in the agrochemicals market are Adama Agricultural Solutions, Agrium Inc., BASF SE, Bayer AG, Yara International ASA, The Mosaic Company, Israel Chemical Company, FMC Corporation, E.I. du Pont Nemours and Company, Monsanto Company, Dow AgroSciences LLC, Land O’ Lakes Inc., Sumitomo Chemical Co Ltd., Zuari Agro Chemicals Ltd., Gharda Chemicals Limited, and Huntsman International LLC. North America was the largest region in the agrochemicals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the agrochemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agrochemical market consists of sales of chemical fertilizers, antibiotics, and plant hormones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global agrochemicals market is segmented - 1) By Fertilizer Type: Nitrogen Fertilizer, Phosphatic Fertilizer, Potassic Fertilizer, Other Fertilizer Types 2) By Pesticide Type: Fungicides, Herbicides, Insecticides, Other Pesticide Types 3) By Application: Crop Based, Non-Crop Based

Herbicides, commonly known as 'weed killers,' are chemical substances used to control unwanted plants. The features of herbicides include selectivity, activity, mobility in soil, volatility, toxicity, and persistence in the environment. The main types of herbicides are synthetic and bio-based. Synthetic herbicides can affect plant disease through a variety of mechanisms. They can promote illness or protect plants against diseases through direct actions on the microbe, indirect effects on the plant, or combined effects on both species. The mode of action in herbicides is selective and non-selective and is used in grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals. The herbicides market research report is one of a series of new reports from The Business Research Company that provides herbicides market statistics, including global market size, regional shares, competitors with a herbicides market share, detailed herbicides market segments, market trends and opportunities, and any further data you may need to thrive in the herbicides industry. This herbicide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global herbicides market size will grow from $34.37 billion in 2022 to $38.04 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global herbicides market size is expected to grow from $57.39 billion in 2027 at a CAGR of 10.8%. The world population is growing and is expected to reach 10 billion by 2050, which is expected to significantly boost the herbicide market during the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production, and this is expected to increase the demand for herbicides and boost market growth. The usage of synthetic herbicides is leading to different complications in humans and animals. Generally, herbicides are a single substance or mixture of substances used to control, destroy, and repel weed growth. Most of the herbicides cause breathing problems, digestion problems, and skin irritation due to the presence of chemical substances in them. According to an Australian study, workers exposed to herbicides are more likely to develop diseases related to their breathing. The problems developed by humans and animals due to the use of synthetic herbicides limit the growth of the herbicide market. The herbicides market has registered a significant increase in mergers and acquisitions over the last 5 years. Such collaborations are mainly aimed at expanding the product range or distribution networks. This can also be attributed to low food commodity prices, which affect pesticide manufacturers and distributors, leading to industry consolidation. For instance, in May 2021, AMVAC Chemical Corporation, a US-based crop protection products firm acquired Envoke brand herbicide from a Swiss agrichemical company Syngenta Crop Protection for an undisclosed sum. The acquisition adds another portfolio to AMVAC and enables it to offer unique solution to control weeds. Envoke is an herbicide that controls various weeds in cotton, sugarcane, and transplanted tomatoes. Major players in the herbicides market are Adama Agricultural Solutions Ltd., Basf Se, Bayer Ag, Dowdupont, FMC Corporation, Nufarm Limited, Syngenta, The Dow Chemical Company, E.I. Du Pont De Nemours And Company, Monsanto Company, and Platform Speciality Products Corporation. Asia-Pacific was the largest region in the herbicides market in 2022. South America was the second-largest region in the global herbicides market. The regions covered in the global herbicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the herbicides market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The herbicides market consists of the sales of contact herbicides and translocated herbicides. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global herbicides market is segmented - 1) By Type: Synthetic, Bio Based 2) By Mode Of Action: Selective, Non-selective 3) By Application: Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals

Insecticides are substances that are used to kill insects, including ovicides and larvicides, which are used for insect eggs and larvae, respectively, to control pests that affect cultivated crops. Insecticides work by either disrupting the nervous system or damaging exoskeletons. The main types of insecticides are synthetic insecticides and bio-insecticides. The principal agents of insect control are synthetic insecticides. In general, they easily penetrate insects and are harmful to a wide variety of species. The major forms of insecticides are sprays, baits, and strips that are used on cereals and grains, oilseeds and pulses, fruits and vegetables, and other applications. The insecticides market research report is one of a series of new reports from The Business Research Company that provides insecticides market statistics, including insecticides industry global market size, regional shares, competitors with an insecticides market share, detailed insecticides market segments, market trends and opportunities, and any further data you may need to thrive in the insecticides industry. This insecticides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global insecticides market size will grow from $19.5 billion in 2022 to $20.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global insecticides market size is expected to grow from $28.25 billion in 2027 at a CAGR of 7.8%. The world population is growing and is expected to reach 10 billion by 2050, which is expected to significantly boost the insecticide market. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production, which is expected to increase the demand for herbicides. To meet the food demand that may rise from 59% to 98%, farmers have to increase agricultural productivity through fertilizers and advanced technologies in farming. Thus, the increase in demand for food for the growing population will promote the growth of the insecticide market. The growth of the agrochemicals market is likely to be limited by the issues raised by various environmentalists and eco-friendly organizations. Usage of insecticides may cause serious health risks to humans, animals, and the environment. For instance, beekeepers in the USA reported annual hive losses of about 30% over the last 10 years, and this was primarily attributed to the rise in insecticides used in the country. Therefore, increased awareness of the diseases and problems caused by insecticides is expected to harm the growth of the market in the forecast period. Companies in the insecticide industry are developing new products and improving product composition to make them safer for workers, farmers, plants, and the soil. Every year, companies globally introduce new products or brands to cater to different sets of audiences, industries, and industries. This translates to changes in the base solution, mode of application, and residue formation of the insecticide. For instance, in May 2020, Marrone Bio Innovations, Inc., an international leader in sustainable bioprotection and plant health solutions, announced the approval of the FDA for REGALIA MAXX bio fungicide that can be used indoors and outdoors on cannabis and hemp in Canada. Also, Marrone developed Venerate XC, a chemical user-friendly liquid microbial-based solution, that is used in integrated pest management (IPM) with a minimal four-hour re-entry interval (REI) and is under the MRL (maximum residue level) tolerance. The product is also non-toxic to fish, birds, and honeybees. Major players in the insecticides market are Adama Agricultural Solutions Ltd., American Vanguard Corporation, BASF SE, Bayer CropScience AG, FMC Corporation, NuFarm Limited, Syngenta International AG, Sumitomo Chemical Co., Ltd., Monsanto Company andArysta Lifescience. Asia-Pacific was the largest region in the insecticides market in 2022. South America was the second-largest region in the global insecticides market. The regions covered in the global insecticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the insecticides market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The insecticides market consists of the sales of organic insecticides, inorganic insecticides, and miscellaneous compounds. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global insecticides market is segmented - 1) By Type: Synthetic Insecticides, Bio-insecticides 3) By Form: Sprays, Baits, Strips 2) By Application: Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications

The pesticide manufacturing market consists of the sales of pesticides by entities (organizations, sole traders, or partnerships) that formulate and prepare agricultural and household pest control chemicals (except fertilizers). The pesticide and other agricultural chemical industries comprise establishments that primarily engage in the formulation and preparation of agricultural and household pest control chemicals. The main types of pesticides are herbicides, fungicides, and insecticides. Insecticides refer to the substances which are used to kill insects. The origin include synthetic insecticides and bio-insecticides. The various applications involved are grains and cereals, oilseed, commercial crops, fruits and vegetables, and other crop types. The various insect pest types include sucking pest and biting and chewing pest. The global pesticides market size is expected to grow from $78.16 billion in 2021 to $85.11 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global pesticides market size is expected to grow to $105.39 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The increasing use of pesticides is expected to propel the growth of the pesticides market going forward. Pesticides are chemicals or substances used to kill, repel, or control certain forms of plant or animal life that are considered to be pests. For instance, according to Springer, a Switzerland-based publication website, in 2019, approximately 2 million tonnes of pesticides were utilized, out of which 47.5% were herbicides, 29.5% were insecticides, 17.5% were fungicides, and 5.5% were other pesticides. Therefore, the increasing use of herbicides is driving the growth of the pesticides market. New innovative products are a key trend gaining popularity in the pesticides market. Major companies operating in the market are focusing on new innovative products to sustain their market share. For instance, in March 2022, FMC Corporation, a US-based chemical manufacturing company, launched 'Corprima,' a new pesticide for Tomato & Okra Crops. Corprima has been shown to provide farmers with higher returns on investment by providing longer-lasting pest control and improved flower and fruit retention, resulting in larger, higher-quality harvests.  In January 2020, Crystal Crop Protection, an India-based agrichemicals company, acquired Dursban, Predator, and Nurelle-D from Corteva for an undisclosed amount. The acquisition would add value to Crystal's business and ensure growth for all its stakeholders. Dursban, Predator, and Nurelle-D are US-based companies that manufacture insecticides and pesticides. The major players in the pesticides market are Syngenta, Bayer AG, BASF SE, Dow DuPont Inc., FMC Corporation, LG Chem Ltd., Sumitomo Chemical Co Ltd., Wacker Chemie AG, Arkema SA, Kuraray Co Ltd, Jiangsu Huifeng Agrochemical Co Asia-Pacific was the largest region in the pesticides market in 2021. The regions covered in the global pesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the pesticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global pesticides market is segmented - 1) By Type: Herbicides, Fungicides, and Insecticides 2) By Origin: Synthetic Insecticides, Bio-insecticides 3) By Application: Grains and Cereals, Oilseed, Commercial Crops, Fruits and Vegetables, and Other Crop Types 4) By Insect Pest Type: Sucking Pest, Biting and Chewing Pest