The Global Pesticide Market will be worth $75.9 billion in 2019

The Global Pesticide Market will be worth $75.9 billion in 2019

According to the "2014-2020 Global Pesticide Market Trends and Forecasts" report, global pesticide production is expected to increase from 2.3 million tons in 2013 to 3.2 million tons in 2019, and the compound annual growth rate from 2014 to 2020 will be 6.1%. . The value of the global pesticide market in 2013 was 51.9 billion U.S. dollars, and it is expected to increase to 75.9 billion U.S. dollars in 2019. From 2014 to 2020, the compound annual growth rate is expected to be 6.9%.
North America remains the world's largest pesticide market, but market demand growth may be the slowest. The Asia-Pacific region is expected to become the fastest growing demand in the pesticide market. From 2014 to 2020, pesticide production in the region will grow at a compound annual growth rate of 7.9%.
In the application field, crop-based terminal pesticide products will maintain the fastest growth in consumption and consumption value, and will maintain their leading position in many application fields.
Factors driving the growth in the demand for pesticides include a decrease in arable land, population growth, and an increase in demand for crop production. On the other hand, regulatory agencies such as the US Environmental Protection Agency regularly introduce legal restrictions on reducing the use of pesticides to reduce the environmental damage caused by the use of pesticides and allow consumers to identify pesticide consumption awareness. They expect that this measure will help slow down the increase in demand for chemical pesticides.
Biopesticides are processed and manufactured from renewable resources, without synthetic chemical active ingredients and chemical residues, and are environmentally friendly products. Compared with chemical pesticides, people are witnessing more rapid market growth of biopesticides. Due to its low toxicity, high efficiency and safety in the control of pests, some countries have already put forward proposals for vigorously promoting the development of biological pesticides. However, the growth of the bio-pesticides market is not easy. It is still affected by the deep-rooted concept of the pesticide market, the great difference in the efficacy of biological pesticides, and the lack of consumer product awareness. From 2014 to 2020, although the sales and value of biological pesticides will grow rapidly, chemical pesticides will still dominate the global market.


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