Market Value & Growth Projections
Market Value & Growth Projections:
• Global Market Value (2024): US$ 6.12 Billion • Projected Market Value (2032): US$ 9.18 Billion • CAGR (2024-2029): 5.2%
Regional Market Analysis
North America
The U.S. and Canada represent mature markets for Pesticide Preparations, backed by highly mechanized agricultural practices, established regulations, and a strong emphasis on biopesticide development.
Europe
Europe is characterized by strict regulatory frameworks, especially with the EU’s Farm to Fork strategy aiming to reduce chemical pesticide usage by 50% by 2030.
Asia-Pacific
China, India, and Southeast Asian countries are seeing rapid growth due to large agricultural populations, rising food demand, and government-led initiatives supporting agrochemical usage.