Global Synthetic Pesticides Market Outlook
Revenue, 2024
$19.4B
Forecast, 2034
$33.2B
CAGR, 2024 - 2034
5.5%
The Synthetic Pesticides industry revenue is expected to be around $20.5 billion in 2025 and expected to showcase growth with 5.5% CAGR between 2025 and 2034. By enhancing pest control methods and boosting crop yields substantially these chemical substances have the power to transform the sector setting new standards, for productivity and food safety.
Pesticides made in labs and divided into insecticides for bugs control herbicides for weed control and fungicides for fungus control are vital for saving crops from damage and ensuring harvests. Their special features like being effective against a range of pests having the right dosage, for maximum impact and being affordable make them stand out.
Market Key Insights
- The Synthetic Pesticides market is projected to grow from $19.4 billion in 2024 to $33.2 billion in 2034. This represents a CAGR of 5.5%, reflecting rising demand across Crop Protection, Public Health and Environmental Pest Management.
- BASF SE, Bayer AG, FMC Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Synthetic Pesticides market and are expected to observe the growth CAGR of 3.6% to 5.3% between 2024 and 2030.
- Emerging markets including Vietnam, Nigeria and Peru are expected to observe highest growth with CAGR ranging between 6.3% to 7.6%.
- Transition like Shift Towards Bio-based Pesticides is expected to add $2.0 billion to the Synthetic Pesticides market growth by 2030
- The Synthetic Pesticides market is set to add $13.8 billion between 2024 and 2034, with manufacturer targeting Herbicides & Fungicides Product Type projected to gain a larger market share.
- With Increasing demand for high crop yield, and Expanding industrial farming practices, Synthetic Pesticides market to expand 71% between 2024 and 2034.
Opportunities in the Synthetic Pesticides
There is a chance for growth in the synthetic pesticides market due to the ongoing research and progress in nanotechnology merging with these pesticides to improve delivery and effectiveness, over time. Ultimately leading to reduced pesticide use.
Growth Opportunities in North America and Europe
North America Outlook
In North America's synthetic pesticide market is fiercely competitive because of multinational corporations and strict government regulations in place here. The increasing focus on agriculture and genetically modified crops has raised the demand for synthetic pesticides. Nonetheless the rising trend towards goods presents a challenge, to market expansion.
Europe Outlook
Europe is known for being an user of artificial pesticides but is increasingly drawn to environmentally friendly options instead. These changes are influenced by regulations in the region like the recent move, by the EU to ban some artificial pesticides. However this shift has prompted companies to see it as a chance to create improved synthetic pesticides that are safer and more effective.
Market Dynamics and Supply Chain
01
Driver: Increasing Demand for High Crop Yield, and Development and Approval of Safer Pesticide Variants
With the growing global population comes a need for food production to meet the demand it brings about. Leading to an increased reliance, on synthetic pesticides to boost crop yields and prevent losses from pests and thereby improve overall crop quality. The synthetic pesticide industry is also driven by progress that results in the creation and authorization of newer and safer pesticide options. Amid growing concerns, about the health effects of conventional pesticides newer safer alternatives have also emerged in the market giving rise to significant growth opportunities.
The synthetic pesticides market has also seen growth, driven by the increasing adoption of industrial farming methods which heavily depend on these pesticides to manage pests and diseases ultimately boosting production levels.
The synthetic pesticides market has also seen growth, driven by the increasing adoption of industrial farming methods which heavily depend on these pesticides to manage pests and diseases ultimately boosting production levels.
02
Restraint: Regulatory Restrictions
Stringent government regulations and a layered approval process pose an obstacle for the synthetic pesticides market sector. One of the challenges that affects the synthetic pesticides industry significantly is the regulations imposed by governments and the multi tiered approval process in place worldwide due to concerns about environmental impact and human health. These stringent regulations can have an effect on manufacturers due to the extensive testing requirements that synthetic pesticides must undergo before gaining approval, for commercial use. The arduous and expensive nature of this approval procedure ultimately hinders market expansion by causing delays and increased costs.
03
Opportunity: Introduction of Biopesticides and Urban Farming Expansion
Blending artificial pesticides with biopesticides is becoming more popular nowadays. Creating new opportunities for growth, in the market. The adoption of biopesticides has the potential to lower contamination and minimize health hazards to humans. Furthermore designed synthetic biopesticides could be customized to combat particular pests resulting in enhanced efficiency and decreased harm to unintended organisms.
There is a growing movement towards vertical farming in cities which presents a new opportunity for the use of synthetic pesticides that are designed for indoor spaces and close quarters growing conditions to address the unique pest control challenges, in these environments.
There is a growing movement towards vertical farming in cities which presents a new opportunity for the use of synthetic pesticides that are designed for indoor spaces and close quarters growing conditions to address the unique pest control challenges, in these environments.
04
Challenge: Public Perception & Shift Towards Organic
Public opinion shifting away, from pesticides is a significant obstacle to consider as more people become aware of the harmful impacts these chemicals have on both health and the environment.
Supply Chain Landscape
1
Raw Material Procurement
BASF SE
Dow Inc
2
Intermediate Production
Bayer AG
Sumitomo Chemical Co
3
Pesticide Manufacturing
Syngenta Group
Corteva Inc
4
End User/Industry Applications
Agriculture
Horticulture
Forestry
1
Raw Material Procurement
BASF SE
Dow Inc
2
Intermediate Production
Bayer AG
Sumitomo Chemical Co
3
Pesticide Manufacturing
Syngenta Group
Corteva Inc
4
End User/Industry Applications
Agriculture
Horticulture
Forestry
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Synthetic Pesticides in Crop Protection, Public Health & Environmental Pest Management
Crop Protection
Synthetic pesticides are commonly used in crop protection across types of farming and gardening activities to safeguard crops from a variety of pests and diseases while enhancing yield and quality outcomes. Leading companies such, as Bayer Crop Science and Syngenta AG dominate the market by offering pest control solutions tailored to the needs of specific crops and climatic conditions.
Public Health
Synthetic pesticides play a role in safeguard public health by managing disease carryng vectors like mosquitoes and ticks as well as rodents. Primarily known for their ability to decrease occurrences of diseases spread by vectors such as malaria and dengue fever; notable companies, in this field include BASF and Rentokil Initial.
Environmental Pest Management
In the realm of environmental pest control practices synthetic pesticides are significant for safeguard farming settings such as residences, workplaces and communal areas. Through methods like sprays, traps or baits these products enable the maintenance of a balance between pest regulation and environmental preservation resultantly providing secure and efficient solutions, for pest management.
Recent Developments
December 2024
October 2024
Syngenta AG unveiled a technology powered by artificial intelligence to enhance the efficiency of their synthetic pesticides usage, with the goal of minimizing excess usage and wastage.
August 2024
BASF SE unveiled a direction focusing on eco friendly synthetic pesticides in response to increasing consumer preference, for sustainable solutions.
The synthetic pesticides market has undergone shifts in recent times due to various factors at play; the growing global population driving up food needs and necessitating the use of synthetic pesticides for improved crop production; alongside technological progress, like the adoption of genetically modified (GMCrops) which is contributing positively to this market landscape.
Impact of Industry Transitions on the Synthetic Pesticides Market
As a core segment of the Agrochemicals industry,
the Synthetic Pesticides market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards Bio-based Pesticides and Rise of Digital Farming have redefined priorities
across the Agrochemicals sector,
influencing how the Synthetic Pesticides market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards Bio-based Pesticides
The market for pesticides has seen a notable influence from the increasing adoption of bio based alternatives worldwide. Decision makers around the globe are enacting rules concerning synthetic pesticides because of their negative effects on the environment and human health. This situation has prompted businesses within this sector to come up with ideas and create bio based or organic alternatives resultt in a significant shift, in the types of products available and the strategies followed in the industry. This industry transition is expected to add $2 billion in the industry revenue between 2024 and 2030.
02
Rise of Digital Farming
The integration of technology in agriculture has transformed the synthetic pesticides market as well. Digital farming utilizes data and analysis to forecast pest infestations and optimize pesticide application with precision. This shift results in decreased reliance on pesticides and highlights the need for strategic digital integration, in the industry.