Pesticide Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)| IBISWorld (2024)

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Pesticide Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)| IBISWorld? ›

Pesticide Manufacturing in the US market size (2024-2029) Industry revenue has grown at a CAGR of 2.9% over the past five years, to reach an estimated $18.5bn in 2024.

The global pesticides market size is expected to grow from $78.16 billion in 2021 to $85.11 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global pesticides market size is expected to grow to $105.39 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%.

The Global Fertilizers and Agricultural Chemicals Manufacturing industry formulates and prepares fertilizer products, pesticides (e.g. herbicides, insecticides and fungicides) and other agricultural chemicals (e.g. insect repellents, sheep dips, fly sprays and flea powders).

[Cited July 2023]. Figure 6 shows that Brazil was the world's largest user of pesticides in 2021, with 720 kt of pesticides applications for agricultural use. This was close to 60 percent higher than the United States of America (457 kt), the second largest user.

Expenditures in the agriculture sector accounted for approximately two-thirds of total pesticide expenditures in both 2012 and 2009. Within the agricultural sector, the majority of pesticide expenditures were on herbicides, which accounted for approximately 59% of the market in 2012 and 63% in 2009.

Top companies in the Pesticide Manufacturing industry in the US, based on the revenue generated within the industry, includes Syngenta Ag, UPL Corporation Ltd. and Bayer Corp.

The United States pest control industry was estimated to have a market value of over 26.2 billion U.S. dollars in 2023. This is a considerable increase from the market's value of 14.3 billion U.S. dollars in 2012.

In 2022, the region with the highest consumption of fertilizers worldwide was East Asia, followed by South Asia and then Latin America and the Caribbean.

Leading fertilizer companies globally 2024, by market capitalization. As of January 2024, Wesfarmers was the largest fertilizer company worldwide based on market capitalization, at 42.49 billion U.S. dollars. Nutrien ranked second at the time, with a market capitalization of 24.22 billion dollars.

An agrochemical or agrichemical, a contraction of agricultural chemical, is a chemical product used in agriculture. In most cases, agrichemical refers to pesticides including insecticides, herbicides, fungicides and nematicides.

What are the top 4 pesticide companies? ›

The pesticide industry has undergone massive consolidation in recent years, and just four corporations now control over 84 percent of the market for pesticides: Bayer-Monsanto, DowDuPont, Syngenta-ChemChina and BASF.

The consumption of pesticides has been found to be maximum in the State of Maharashtra for the year 2021-22. The state wise details on consumption of chemical pesticides and bio-pesticides are attached at Annexure-I and II respectively.

DDT: An Insecticide

Dichlorodiphenyltrichloroethane (DDT), the most famous pesticide ever developed, has been available since the 1940s.

Herbicides are widely used to remove plants such as weeds or grass and are by far the most used class of pesticide worldwide.

HHPs of World Health Organization (WHO) toxicity classes Ia, Ib and II - such as the organophosphorus insecticides monocrotophos, phorate, and methyl parathion or the herbicide paraquat [19] - have been responsible for most pesticide suicides worldwide over the last five decades [20, 21].

China has become the largest pesticide manufacturing country during past 50 years of development. In China, pesticides are mainly used for rice production. The consumption of pesticides in China has increased from 76 million tonnes in 1991 to 146 million tonnes in 2006.

The market size, measured by revenue, of the Pesticide Manufacturing industry was $18.6bn in 2023. What was the growth rate of the Pesticide Manufacturing industry in the US in 2023? The market size of the Pesticide Manufacturing industry declined -4.8% in 2023.

Key facts about the pesticides market

The global crop protection market is estimated to have increased by 9.9% in 2022 to reach approximately $78.7 billion. The largest wave of M&A in decades reduced the top 12 companies to a new top 9 in 2018 with this new group, led by Bayer.

The estimated environmental and health care costs of pesticide use in the U.S. is estimated to be upwards of $12 billion annually. Meanwhile, the top pesticide manufacturers reap over $150 billion in profit each year from pesticides and other agricultural technologies.