Pesticides are chemicals used to eliminate or control a variety of pests related to agriculture that can damage crops and livestock and reduce farm productivity. Agricultural chemicals are chemical agents such as pesticides, fungicides, herbicides and insecticides that are used to control crop-harming organisms (e.g., fungi, nematodes, mites, insects and rodents) or viruses.
The top five companies covered are Bayer AG, Syngenta AG, BASF SE, Dow Chemical Company, China National Chemical Corporation(Chemchina). Bayer AG was the largest company in the pesticides and other agricultural chemicals market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Pesticides and Other Agricultural Chemicals Global Market Size
The global pesticides pesticides and other agricultural chemicals market was valued around $162 billion in 2017. Asia Pacific was the largest region in the pesticides and other agricultural chemicals market in 2017, accounting for around 41% of the total market. China was the largest country in the market accounting for around 23% of the total market.
Pesticides and Other Agricultural Chemicals Global Market Trend
Biopesticides are becoming increasingly popular and are safer than traditional chemical pesticides. Biopesticides are derived from natural materials such as animals, plants, bacteria and certain minerals.
Pesticides and Other Agricultural Chemicals Global Market Segmentation
The pesticides and other agricultural chemicals market is segmented into Herbicides, Insecticides, Fungicides and others.
Fungicides are biocidal chemical compounds or biological organisms used to kill or inhibit fungi or fungal spores.
Herbicides are commonly known as weed killers and are chemical substances used to control unwanted plants.
Insecticides are those substances which are used to kill insects, including ovicides and larvicides used against insect eggs and larvae respectively.