by Corinne Gangloff
September 13, 2021
Cleveland OH, September 13, 2021 – Rapidly evolving agricultural industries in Latin America, Asia, and Africa will support significant market opportunities for agricultural pesticides through 2025, according to a new Freedonia Group analysis:
In more developed agricultural markets, limited growth in cropland will be offset by greater production per hectare, which will require increased spending on pesticides. The focus will be on products that are both effective and generally safe for the environment. These changes are supported by evolving regulatory requirements and a decreasing agricultural workforce, thus increasing the importance of efficiency.
A growing middle class and increasing emphasis on the importance of urban green spaces will also support nonagricultural demand gains in developing pesticide markets. For instance, in China:
However, increasing urban population density in China and a number of other developing pesticide markets may limit available space for gardens, and – in many countries – commercial pesticide use will continue to be dominated by insect and rodent control for public health reasons.
Want to Learn More?
Global Pesticides, now available from The Freedonia Group, projects US pesticide demand to increase 2.3% annually to $17 billion in 2025, supported mostly by growth in the dominant agricultural market.
Global Pesticides analyzes the world market for pesticides. Historical data for 2010, 2015 and 2020, and forecasts to 2025 and 2030 are provided for demand in current (including inflation) US dollars and/or metric tons of active ingredient.
The products focused on are:
Markets analyzed are:
Also included in the scope of this report are repellants, which instead of killing pests, are designed to repel or discourage their presence.
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