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 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

Fungicides are pesticides that control fungal diseases by killing or inhibiting fungi or fungal spores. Fungi can cause serious damage in agriculture, resulting in critical losses in yield, quality, and profit. Tea tree oil, cinnamaldehyde, and nimbin are examples of natural fungicides. The main types of fungicides are synthetic fungicides and bio-fungicides. Fungicides control fungal diseases by killing or inhibiting fungi or fungal spores. The active ingredients involved are dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins, and other active ingredients that are used for seed treatment, soil treatment, foliar spray, chemigation, and post-harvest. The various applications are cereals and grains, oilseeds and pulses, fruits and vegetables, and other applications. The fungicides market research report is one of a series of new reports from The Business Research Company that provides fungicides market statistics, including fungicides industry global market size, regional shares, competitors with a fungicides market share, detailed fungicides market segments, market trends and opportunities, and any further data you may need to thrive in the fungicides industry. This fungicides 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 fungicides market size will grow from $20.77 billion in 2022 to $22.11 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 global fungicides market size is expected to grow from $28.86 billion in 2027 at a CAGR of 6.9%. Farmers globally are adopting intensive farming techniques to increase productivity per hectare, driving the demand for pesticides and other agricultural chemicals. Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through means such as heavy use of pesticides and chemical fertilizers. These techniques help to meet the rising demand for food from the growing population and prevent food shortages. Intensive farming techniques such as monoculture drive the demand for pesticides. Monoculture is the practice of growing one type of crop intensively over a large area, depleting the nutrients in the soil and making it heavily dependent on pesticides. The rising demand for organic food products is expected to negatively impact the fungicide market. This can be attributed to changing lifestyles and an increasing preference for organic food. Organic food products are derived from farming systems without the use of fungicides. According to the 2020 Organic Industry Survey released by the Organic Trade Association, U.S. organic food sales hit $50.1 billion in 2020, up 4.6% from 2019. Hence, the rising demand for organic food products will limit the use of fungicides in crop production, restricting the growth of the fungicide market. Because inorganic fungicides are less expensive than organic fungicides, they are in high demand in developing agricultural countries such as China, Brazil, and India. Other factors driving this market include rapid population growth, depleting cultivable land, lack of proper regulations, and increasing demand for quality fruits and vegetables. Inorganic fungicides are manufactured from abundantly available and easily produced elements, making the product significantly cheaper. Farmers in developing regions procuring inorganic fungicides in large quantities are expected to drive the market in the forecast period. In May 2022, UPL Limited, an Indian chemical industry company acquired OptiCHOS, a naturally-derived fungicide from BioCHOS for an undisclosed amount. UPL acquired OptiCHOS as an addition to its natural plant protection (NPP) business division. NPP will launch OptiCHOS products in the next few years. BioCHOS is a Norway-based plant protection products company. Major players in the fungicides market are Adama Agricultural Solutions Ltd., American Vanguard Corporation, BASF SE, Bayer Cropscience AG, Bioworks Inc., Dow Agrosciences LLC., DuPont, FMC Corporation, Marrone Bio Innovations Inc., and Monsanto Company. Asia-Pacific was the largest region in the fungicides market in 2022. South America was the second-largest region in the global fungicides market. The regions covered in the global fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fungicides market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The fungicides market consists of the sales of captan, folpet, dithiocarbamates, pentachlorophenol, and mercurial fungicides. 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 fungicides market is segmented - 1) By Type: Synthetic Fungicides, Bio-fungicides 2) By Active Ingredient: Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, Other Active Ingredients 3) By Treatment: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest 4) By Application: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications

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

The chemical fertilizers refer to synthetic compound substances that are specifically used to improve crop yield. These fertilizers are produced from sewage or animal waste, and nitrogenous or phosphatic materials along with other ingredients. The main types of chemical fertilizers are nitrogen fertilizer, phosphate fertilizer, and potash fertilizer. Nitrogen fertilizer is a substance, like manure or a mixture of nitrates, added to soil or water to increase its productivity. The crop categories are cereals, oilseeds, vegetables, fruits, and other crop categories. The forms are solid, liquid, and gaseous. The product types are complex fertilizers, dap, mop, urea, ssp, and other product types. The methods of application are broadcasting, drop spreading, fertigation, and foliar spray. The chemical fertilizers market research report is one of a series of new reports from The Business Research Company that provides chemical fertilizers market statistics, including chemical fertilizers industry global market size, regional shares, competitors with a chemical fertilizer market share, detailed chemical fertilizer market segments, market trends and opportunities, and any further data you may need to thrive in the chemical fertilizer industry. This chemical fertilizer 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 chemical fertilizers market grew from $159.16 billion in 2022 to $169.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. 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 chemical fertilizers market is expected to grow to $214.07 billion in 2027 at a CAGR of 6.1%. Farmers all around the world are adopting intensive farming techniques to increase productivity per hectare. Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through various means, such as heavy use of pesticides and chemical fertilizers. These techniques help to meet the rising demand for food of the growing population and help to prevent food shortages. Some intensive farming techniques, such as monoculture, drive the demand for fertilizers. Monoculture is the practice of growing one type of crop intensively over a large area, thus depleting nutrients in the soil and making it heavily dependent on synthetic fertilizers. The fertilizer market is likely to be affected by the rising use of bio-fertilizers due to the adverse impact of synthetic fertilizers on soil and other environmental concerns. A bio-fertilizer contains living microorganisms such as bacteria, fungi, and algae, which are capable of fixing atmospheric nitrogen or converting soluble phosphate and potash in the soil into forms available to the plants. Bio-fertilizers promote growth in plants by increasing the supply or availability of primary nutrients to the host plant. The negative effects of long-term chemical fertilizer use on the soil boosted the use of bio-fertilizers. Phosphorus is being recovered from sewage, manure, and other sources and made available as a fertilizer. Since phosphorus is a finite source, companies are looking for ways to recycle or recapture phosphorus to be used in agriculture. Plant-available phosphorus content is increased through anaerobic digestion and composting and in sludge from sewage through acid treatment and oxidation. According to research conducted by the Luke Research Agency in Finland, manure and sludge when treated appropriately can provide more phosphorus than traditional inorganic fertilizers. Major companies in the chemical fertilizers market include Sinopec Limited, Yara International ASA (ADR), Guardian Industries LLC, Nutrien Ltd., Marubeni, Mitsui, BASF SE, CF Industries Holdings Inc., Israel Corp Ltd., and Sinofert Holdings Limited. Asia-Pacific was the largest region in the chemical fertilizers market in 2022. North America was the second-largest region in the chemical fertilizers market. The regions covered in the chemical fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemical fertilizers 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 chemical fertilizer market consists of the sales of phosphorus fertilizers, calcium, magnesium and sulphur fertilizers, micronutrient fertilizers, and Inhibitors. 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 chemical fertilizers market is segmented - 1) By Type: Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer 2) By Crop Category: Cereals, Oilseeds, Vegetables, Fruits, Other Crop Categories 3) By Method of Application: Broadcasting, Drop Spreading, Fertigation, Foilar Spray 4) By Form: Solid, Liquid, Gaseous 5) By Product Type: Complex Fertilizers, DAP, MOP, Urea, SSP, Other Product Types

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This 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 chemicals market grew from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. 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 chemicals market is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the 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 chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals 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 chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals

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 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