The Latest Pesticide Industry Statistics Explained
The pesticide industry is projected to grow at a CAGR of 5.15% during the forecast period of 2021-2026.
This statistic indicates that the pesticide industry is expected to experience a Compound Annual Growth Rate (CAGR) of 5.15% over the period between 2021 and 2026. CAGR is a useful measure to understand the average annual growth rate of an industry or market over a specified time frame, in this case, five years. The forecast suggests that the pesticide industry is anticipated to expand steadily at this rate, implying a positive outlook for the industry in the coming years. This growth projection can be beneficial for stakeholders in the industry to make informed decisions regarding investment, business strategies, and market positioning.
The market size of the pesticide and other agricultural chemicals industry in the US has grown 0.2% per year on average between 2016 and 2021.
The statistic indicates that the market size of the pesticide and other agricultural chemicals industry in the US has experienced a gradual annual growth rate of 0.2% between 2016 and 2021. This implies that the overall revenue and sales within this industry have been increasing, although at a relatively modest rate over the five-year period. The consistent growth trend suggests a stable and gradually expanding market environment for pesticide and agricultural chemical products in the US during the specified timeframe. This information is valuable for stakeholders in the industry such as businesses, investors, policymakers, and researchers, as it provides insight into the industry’s performance and trajectory over the past few years.
Insecticides hold approximately 29.3% of the total pesticide market, while fungicides account for over 28.5%.
This statistic indicates the market share distribution of insecticides and fungicides within the total pesticide market. Specifically, insecticides hold a slightly higher market share at around 29.3%, whereas fungicides account for over 28.5% of the market. These numbers highlight the prevalence and importance of insecticides and fungicides in the agricultural industry, as they are crucial tools for managing pest and fungal challenges that can significantly impact crop yields. The relatively close market shares between insecticides and fungicides suggest a balanced demand for both types of pesticides among farmers and agricultural producers.
The organic pesticides industry is projected to reach a value of $471.10 Million by 2027.
The statistic mentioned implies that the organic pesticides industry is expected to experience significant growth in the coming years, with a projected market value of $471.10 million by the year 2027. This suggests an increasing demand for organic pesticides as consumers and farmers become more conscious of the environmental and health impacts of conventional chemical pesticides. The anticipated growth in the industry could be driven by a variety of factors such as regulatory pressures, shifting consumer preferences towards organic products, and the perceived benefits of organic farming practices. This projection provides insights for industry stakeholders, policymakers, and investors to understand the potential opportunities and challenges within the organic pesticides market.
In 2015, there were 47,105 US farms reporting pesticide expenses, spending a total of $4.06 billion.
In 2015, a total of 47,105 farms in the United States reported spending $4.06 billion on pesticide expenses. This statistic reveals the significant financial investment made by farmers in utilizing pesticides to protect their crops from pests and diseases. Pesticides play a crucial role in ensuring crop productivity and food security. The large number of farms reporting pesticide expenses highlights the widespread use of pesticides in the agricultural sector. Additionally, the substantial total expenditure of $4.06 billion underscores the economic importance of pesticides as an input cost for farmers in maintaining the health and yield of their crops.
The crop-based application segment holds a major share of 82.5% in the pesticide market.
The statistic “The crop-based application segment holds a major share of 82.5% in the pesticide market” indicates that within the pesticide industry, the largest portion of pesticide usage is directed towards crop-based applications, such as agriculture and horticulture. This segment accounts for a significant majority of 82.5% of the total pesticide market, suggesting that pesticides are predominantly used in crop protection and cultivation activities. This statistic highlights the importance of pesticides in ensuring agricultural productivity and addressing challenges related to pest control and crop damage in the farming sector.
The pesticides market in Asia-Pacific is projected to register a CAGR of 6.2% during the forecast period.
This statistic indicates that the pesticides market in the Asia-Pacific region is expected to experience a Compound Annual Growth Rate (CAGR) of 6.2% over the forecast period. This means that the market for pesticides in this region is anticipated to expand at an average annual rate of 6.2% during the specified time frame. A CAGR provides a smooth representation of the growth rate over time, suggesting a steady increase in demand for pesticides in the Asia-Pacific region. This projection can be influenced by factors such as increasing agricultural activities, pest infestations, technological advancements in pesticide formulations, and changing regulatory landscapes impacting the use of pesticides in the region.
In 2018, the global pesticide industry was valued at around $81.7 billion and is expected to hit $112.96 billion by 2027.
The statistic indicates that the global pesticide industry was estimated to be worth approximately $81.7 billion in 2018 and is projected to reach a value of $112.96 billion by the year 2027. This represents a significant expected growth in the industry over the specified time period. The increase in value suggests a rising demand for pesticides on a global scale, likely driven by factors such as expanding agricultural activities, pest management challenges, and a growing population that requires increased food production. The statistic highlights the economic importance and anticipated expansion of the pesticide industry in the upcoming years.
The Latin America pesticide market is projected to reach USD 23.3 billion by 2025.
The statistic “The Latin America pesticide market is projected to reach USD 23.3 billion by 2025” indicates the expected value of the pesticide market in the Latin American region by the year 2025. This projection suggests that the market for pesticides in Latin America is anticipated to grow substantially over the coming years, reaching a total worth of USD 23.3 billion. This growth could be attributed to factors such as increasing agricultural activities, pest challenges, and the adoption of modern farming techniques that require the use of pesticides to protect crops. The statistic serves as a valuable insight for policymakers, businesses, and stakeholders in the agriculture sector, providing a forecast for future market trends and potential opportunities in the pesticide industry in Latin America.
The pesticide industry produced 18 Gros tonne quantities of pesticides in 2000, of which 65% were the most toxic categories (World Health Organization categories I and II).
The statistic indicates that the pesticide industry produced a total of 18 Gros tonnes of pesticides in the year 2000, with 65% of these falling under the most toxic categories according to the World Health Organization (WHO), specifically categories I and II. This highlights the significant proportion of highly toxic pesticides being manufactured during that year, which could have potential implications for human health and the environment. The high percentage of pesticides categorized as being highly toxic points to a potential need for increased regulation and oversight within the industry to ensure the safety and sustainability of pesticide use.
Herbicides dominate the pesticide market with more than 40% of the market share in 2019.
This statistic indicates that herbicides, which are a type of pesticide specifically designed to control unwanted plants, hold a dominant position in the pesticide market as of 2019, accounting for more than 40% of the total market share. This suggests that herbicides are one of the most widely used and in-demand categories of pesticides among agricultural producers and other users requiring pest control solutions. The significant market share held by herbicides highlights their importance in modern agriculture and pest management practices, as well as reflects the preference for these products over other types of pesticides within the industry.
In 2016, pollutant release from the pesticide and other agricultural chemicals industry in the United States was assessed to be around 1.31 million pounds.
The statistic regarding pollutant release from the pesticide and other agricultural chemicals industry in the United States in 2016 indicates that approximately 1.31 million pounds of pollutants were released into the environment as a result of activities in this industry. This data highlights the significant impact that the agricultural sector can have on the environment through the release of harmful substances. Such pollutants can potentially contribute to air and water pollution, soil contamination, and adverse effects on ecosystems and human health. Monitoring and managing pollutant release from this industry is crucial to minimize environmental degradation and promote sustainable agricultural practices.
The global insecticide market, led by the pesticides industries, reached around $16.5 billion in 2019.
The statistic indicates that the global insecticide market, primarily dominated by the pesticides industries, generated revenue amounting to approximately $16.5 billion in the year 2019. This figure highlights the significant economic activity and demand in the insecticide sector worldwide during that period. The data suggests a large market for insecticides, driven by various factors such as agriculture, public health, and pest control. The size and value of the market underscore the importance of insecticides in managing insect populations and protecting crops, livestock, and public health.
The micronutrient fertilizers sector is expected to register the fastest growth rate, with a CAGR of 8.6%, during the forecast period.
This statistic indicates that the micronutrient fertilizers sector is projected to experience robust growth over the forecast period, with a Compound Annual Growth Rate (CAGR) of 8.6%. This suggests that the demand for micronutrient fertilizers, which provide essential nutrients to plants for optimal growth and productivity, is set to increase significantly in the coming years. Factors such as rising population, shrinking arable land, and the drive for sustainable agriculture practices are likely driving this growth. The higher growth rate compared to other sectors within the industry highlights the potential attractiveness and opportunities present in the micronutrient fertilizers market for businesses and investors looking to capitalize on this upward trend.
In 2020, the top pesticide companies globally were Bayer, Syngenta, and BASF, with Bayer having a market share of about 31%.
In 2020, Bayer, Syngenta, and BASF emerged as the top pesticide companies globally, with Bayer leading the pack with a dominant market share of around 31%. This statistic indicates the significant market presence and influence wielded by these companies within the pesticide industry, showcasing their substantial market power and competitiveness on a global scale. Bayer’s sizeable market share suggests that it held a notable portion of the overall pesticide market, positioning the company as a key player in shaping the industry’s dynamics and trends. The prominence of Bayer, Syngenta, and BASF implies a high level of consolidation and concentration within the pesticide sector, highlighting the importance of these industry giants in driving innovation, setting pricing strategies, and impacting agricultural practices worldwide.
In 2017, the pesticide industry provided over 104,000 jobs in the US alone.
The statistic stating that the pesticide industry provided over 104,000 jobs in the US alone in 2017 indicates the significant economic impact and employment opportunities offered by the sector. This figure reflects the workforce directly employed by companies involved in the production, distribution, and application of pesticides. The industry plays a crucial role in agriculture, forestry, landscaping, and public health, providing essential products and services to manage pests and protect crops. The large number of jobs highlighted underscores the industry’s importance in supporting livelihoods and driving economic growth, while also pointing to the demand for skilled workers in this specialized field.
References
0. – https://www.www.mordorintelligence.com
1. – https://www.www.statista.com
2. – https://www.www.alliedmarketresearch.com
3. – https://www.www.ncbi.nlm.nih.gov
4. – https://www.www.fortunebusinessinsights.com
5. – https://www.www.ers.usda.gov
6. – https://www.www.ibisworld.com
