Pesticide Intermediates Market

Global Pesticide Intermediates Market Size (2024 to 2029)

The global pesticide intermediates market is expected to reach USD 111.76 billion in 2024 and reach USD 168.04 billion by 2029, growing at a CAGR of 8.5% from 2024 to 2029. 

CURRENT SCENARIO OF THE GLOBAL PESTICIDE INTERMEDIATES MARKET

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 also can be manufactured on an identical site as that of the final pesticide product. Environmental protection agency requires 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.

MARKET DRIVERS:

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 COVERAGE:

REGIONAL ANALYSIS

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.

DETAILED SEGMENTATION OF THE GLOBAL PESTICIDE INTERMEDIATE INCLUDED IN THIS REPORT

This market research report on the global Pesticide Intermediates Market is segmented and sub-segmented into the following categories:

By Product Type:

• Chemical pesticide
• Bio-pesticide

By Application:

• Insecticide
• Bactericide
• Weeding and others

By Region

• North America
• Latin America
• Asia-Pacific
• Middle East and Africa
• Europe