The global pesticide intermediates market was valued at USD 103 billion in 2023 and is anticipated to reach USD 111.76 billion in 2024 from USD 214.64 billion by 2032, growing at a CAGR of 8.5% from 2024 to 2032.
Pesticides are substances that are meant to control weeds or pests. Most pesticides are intended to serve as plant protection products, which, in general, protect plants from fungi, weeds, or insects. Pesticide intermediates are used in producing these pesticides.
Pesticide intermediates are also used in manufacturing agricultural and other industrial products. These are used in the production of active ingredients or during the production of pesticide products. They are raw materials used for the manufacture of technical-grade active ingredients by purification or chemical reactions. It can be obtained from other sources and can also be manufactured on an identical site as that of the final pesticide product. Environmental protection agencies require information regarding any toxic qualities of pesticides that may be harmful, and these pesticides are tested thoroughly for effectiveness. These intermediate substances are also regulated by the Toxic Substances Control Act.
Pesticide intermediates are vital substances used for the production of active ingredients used in the formulation of pesticides. Hence, extensive demand for agricultural products is driving the pesticide intermediate market. Also, the increase in population and, hence, the food demand is boosting the market growth. However, stringent regulations which are associated with the production and usage of pesticide intermediate constrain the market growth during the forecast period. Moreover, manufacturers of pesticide intermediate products give a lot of importance to the production of organic products to ensure their friendliness with humans, crops, and the environment.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
8.5% |
|
Segments Covered |
By Product, Application, and Region. |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Syngenta AG, Bayer, Dow AgroSciences, Monsanto Company, BASF SE,E. I. du Pont de Nemours and Company, ADAMA Agricultural Solutions Ltd, Nufarm Ltd, FMC Corporation, Lanxess, and Others. |
North America has the leading market for pesticide intermediates in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to rising populations and growing economies in the region.
KEY PLAYERS IN THE GLOBAL PESTICIDE INTERMEDIATE MARKET
Syngenta AG, Bayer, Dow AgroSciences, Monsanto Company, BASF SE, E. I. du Pont de Nemours and Company, ADAMA Agricultural Solutions Ltd, Nufarm Ltd, FMC corporation, Lanxess. Some of market players dominate the global pesticide intermediate market.
By Product Type:
By Application:
By Region
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region