[FURL=https://www.industryarc.com/Research/Pesticide-Preparations-Market-Research-504710]Pesticide Preparations Market[/FURL] size is estimated to reach $165.3bn by 2025, growing at a CAGR of 11.5% during the forecast period 2020-2025. Pesticides are substances that help to control pests, including weeds. Most Pesticides are intended to serve as plant protection products, which in general, protect plants from weeds, fungi, or insects. Increase in the demand for food across the world, growing demand for bio pesticides, increase in the adoption of herbicide-resistant crops, growing acceptance of new farming practices and increase in the adoption of genetically modified (GM) crops are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.Key Takeaways
Geographically, Asia-Pacific Pesticide Preparations Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.
The increase in the technology and increase in the initiatives by governments is likely to aid in the market growth of Pesticide Preparations Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Pesticide Preparations Market report.
The increase in the demand for bio pesticides and increase in the adoption of genetically modified (GM) crops are creating higher opportunities for the growth of market for the forecast period 2020-2025.
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By Application- Segment Analysis
Based on the Application, Weeding segment held the largest share in 2019, owing to the factors such as increase in the government initiatives, growing focus on increasing the crop yield, decrease in the arable lands, and growing emphasis on pest and weed management. Insecticide segment is estimated to be the fastest growing segment owing to the factors such as advancement in farming techniques, growing instances of crop losses and growing reliance on insecticide-based pest management.
Drivers – Pesticide Preparations Market
Increase in the global food demand and increase in the government initiatives
Increase in the demand for bio pesticides and increase in the investment by the major companies
Pesticide Preparations Industry outlook: Top 10 companies of this market are BASF SE, BAYER AG, Syngenta AG, Monsanto Company, FMC Corporation, Nufarm Ltd, ADAMA India private Limited, Dow Agrosciences, ChemDatas Agrochemicals, E.I. Du Pont De Nemours and Company among others.
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