Global Pesticide Intermediate Market Report and Forecast 2024-2032

Global Pesticide Intermediate Market Outlook

The global pesticide intermediate market size reached approximately USD 21.7 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 32.1 billion by 2032.

Key Trends in the Market

Pesticide intermediates refer to products that are produced by processing agricultural raw materials. The different types of pesticide intermediates include chemical and bio-pesticides. Different pesticides require different intermediates during the production process. Plastic intermediates contain one or more active ingredients that are essential for manufacturing pesticides.

• The rising food requirement due to increasing population is bolstering the pesticide intermediate market growth. The negative impact of unpredictable weather and climate change on the crop health and yield due to disease outbreak and pest attack is resulting in an increased demand for pesticides, bolstering the requirement for pesticide intermediates.

• Increasing investments by the key players of the market and various research organisations to enhance the functioning of pesticide intermediates and towards the production of bio-pesticide intermediates is aiding the market expansion. Biopesticides minimise the risk to human health by reducing the production of toxic residues.

• Rising initiatives by various governments to educate farmers and agriculturists about the correct method of application of different pesticides and about the various advantages associated with their utilisation is providing lucrative growth opportunities to the market. Pesticide intermediates are essential for producing pesticides, providing protection to crops against diseases and killing bacteria, fungi, and insects.

Global Pesticide Intermediate Market Analysis

On the basis of type, the market is bifurcated into bio-pesticide and chemical pesticide. Based on application, the market is divided into bactericide, insecticide, and weeding, among others.

On the basis of sales channel, the market is classified into retail stores and online channels, among others. Based on region, the pesticide intermediate market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Nippon Soda Co., Ltd. 

• Bayer AG 

• Anhui Guangxin Agrochemical Co., Ltd. 

• BASF SE  

• Ishihara Sangyo Kaisha, Ltd. 

• Eastman Chemical Company 

• LyondellBasell Industries Holdings B.V. 

• The Dow Chemical Company 

• Nouryon Chemicals Holding BV. 

• Rainbow Chemical Co., Ltd. 

• Others

Market Share by Application

Insecticides are expected to account for a significant pesticide intermediate market share. Insecticides prevent insects from engaging in destructive and undesirable behaviours by killing them and eliminate insects that spread diseases. The working of insecticides differs, some insecticides damage the exoskeletons of the insects whereas others might disrupt their nervous systems. They minimise the damage conducted to the crops and also aid in preventing the spread of diseases.

Market Share by Region

The Asia Pacific is anticipated to account for a significant share of the market over the forecast period. This growth can be attributed to the increasing food requirements due to the rapid growth in the population in the region. Rising initiatives by various governments in the region to increase the awareness among the farmers about the various benefits associated with the utilisation of pesticides and correct application methodologies of different types is supporting the market expansion. Increased production of bio-pesticide intermediates is bolstering the pesticide intermediate market demand.

Competitive Landscape

Bayer AG, headquartered in Leverkusen, Germany, is one of the leading biotechnology and pharmaceutical companies involved in the manufacture of agricultural chemicals, seeds, healthcare products, and biotechnology products, among others. The products delivered by the company aid in addressing some of the biggest challenges faced in today's time.

BASF SE is a leading chemical manufacturing company dedicated towards providing high quality agricultural solutions for their customers. The company’s portfolio comprises of surface technologies, nutrition and care, industrial solutions, and agricultural solutions, including pesticide intermediate, among others.

The Dow Chemical Company is a customer centric, sustainable and inclusive, and innovative company involved in the production of coatings and silicones, pesticide intermediates, plastics, and consumer products, among others. The company is headquartered in Michigan, United States and was founded in 1897.

Other pesticide intermediate market key players include Nippon Soda Co., Ltd., Anhui Guangxin Agrochemical Co., Ltd., Ishihara Sangyo Kaisha, Ltd., Eastman Chemical Company, LyondellBasell Industries Holdings B.V., Nouryon Chemicals Holding BV., and Rainbow Chemical Co., Ltd., among others.

Key Highlights of the Report