Specialty Pesticides Market Growth with Worldwide Industry Analysis to 2024

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Global Specialty Pesticides Market: Overview

Pesticides are a vast variety of chemicals used for the prevention, management, or destruction of pests capable of causing plant diseases and causing disturbance to the normal growth and development of plants, thereby dropping its aesthetic or economic value. Plant diseases are usually caused by living agents such as parasitic plants, micro-organisms, and insects, and by non-living factors such as chemical substances or faulty nutrition. Pesticides are used to culminate the effect of living or biotic agents such as insects, fishes, and mammals. As obvious from the name, insecticides only affect insects and herbicides affect only herbs, making these two the subgroups of pesticides 

Many other varieties of pesticides besides insecticides are available in the market, including algaecides, fungicides, rodenticides, and bactericides. Specialty pesticides are specifically used for controlling microbes, invasive species of fishes, and other pests. 

This report on the global market for specialty pesticides presents a thorough overview of the global specialty pesticides market. The report also includes an exhaustive forecast covering all the key segments of the market and their scope of growth at the regional and global levels. The report forecasts the growth prospects on the basis of volume (kilo Tons) and revenue (US$ Mn/Bn) over the period between 2016 and 2024. The report also analyzes in detail the overall impact of factors such as drivers, restraints, regulatory framework, trends and opportunity, and competition on the future growth prospects of the global specialty pesticides market. 

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Global Specialty Pesticides Market: Drivers and Restraints

As the global population continues to grow, the demand for food and the resultant need for more food crops is also significantly rising to meet this growing demand. This has increased the focus on ways of improving crop yield, of which the use of pesticides is one of the most popular. The global usage of specialty pesticides has continued to rise owing to these factors and will embark upon a path of healthy growth in the next few years as well. 

However, specialty pesticides being synthetic chemicals, their remnants have harmful impact on the health of the environment and living organisms. Concerns regarding this factor are expected to be the key restraint arresting the overall growth of the market to a certain extent. 

Presently, the leading consumers of pesticides are some of the developed regions including North America, Western Europe, and developed countries such as Japan in Asia Pacific. Herbicides dominate the markets in these regions. Developing economies such as India, China, and Singapore presently lag in the use of pesticides. In these regions, insecticides are prominently used as most marketed varieties are no longer protected by patents, making them cheap as compared to herbicides and fungicides. 

The study provides a decisive view of the global specialty pesticides market by segmenting it in terms of criteria such as product type and application. These segments have been examined on the basis of present and future trends. Regional segmentation of the market includes current and forecast demand for specialty pesticides in regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 

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Global Specialty Pesticides Market: Competitive Landscape

The report includes data that has been gathered with the help of primary and secondary research methodologies such as personal interviews with industry experts and commentators on an ongoing basis to validate data and market analysis. The report comprises a thorough analysis of the competitive landscape of the global specialty pesticides market wherein detailed business profiles of key market participants and data related to recent developments in the market is included. 

Some of the key players operating in the global specialty pesticides market are BayerSyngenta, BASF, DOW, Monsanto, Arysta Lifescience, Sumitomo Chemical, DuPont (USA), and Makhteshim Agan.