Analyzing the Development Prospects of the Pesticide Market through the Agricultural Outlook Report

In recent years, China's attention to the pesticide market has gradually increased, with relevant measures implemented each year to regulate the pesticide market. Recently, China Science and Technology News published a report titled "China Agricultural Outlook Report (2017-2026)", in which relevant experts analyzed and predicted the future development prospects of pesticides.
This article focuses on products such as Chinese grain, cotton, oilseeds, sugar, vegetables, fruits, meat, eggs, dairy products, aquatic products, and feed. Based on reasonable assumptions about the macroeconomic and agricultural development environment in China over the next 10 years, it provides a systematic outlook on production, consumption, trade, and price trends for 2017, the end of the 13th Five-Year Plan, and the next 10 years, integrating the baseline forecasts of the CAMES model and the analyses and judgments of relevant experts. The analysis forecasts the development of crops over the next 10 years: rice production remains stable, with rigid growth in food consumption; wheat consumption grows faster than production, with net imports first decreasing and then increasing; corn planting area decreases and then stabilizes, with price trends shifting from weak to strong; soybean production recovers to historical highs, with import growth slowing; oilseed production grows slightly, with the self-sufficiency rate of edible oil steadily increasing; cotton production remains basically stable, with reduced inventory levels; sugar production and consumption both trend towards growth, with a large scale of imports.
With the changes in the agricultural development environment, what developments can we expect in the pesticide industry in the coming years? MarketsandMarkets market report data analyzes different types of pesticides for the coming years:
The global fungicide market value is expected to exceed $19 billion in 2022.
According to MarketsandMarkets market report data, the global fungicide market is expected to grow at a compound annual growth rate of 4.78%, reaching a market value of $19.17 billion by 2022. The main driving forces of the market include the demand for food security driven by population growth, advancements in agricultural operations and technology, and increased application of fungicides. Additionally, the rising demand for agricultural products such as fruits and vegetables, farmers' adoption of Integrated Pest Management (IPM), and increasing opportunities in developing countries are also major drivers of market growth.
By type, the fungicide market will be led by triazoles, followed by methoxyacrylate, chlorantraniliprole, and dithiocarbamate. Benzamide compounds will become the fastest-growing category in the fungicide market. Triazole fungicides have once again attracted market interest, especially in the United States, where the market is threatened by Asian rust disease introduced from South America.
The global insecticide market sales are expected to reach $16.4 billion in 2019.
According to the report "Global Insecticide Market Trends and Forecasts 2019", the global insecticide market sales from 2014 to 2019 have a compound annual growth rate of 4.7%, and sales in 2019 are expected to reach $16.436 billion.
In the global insecticide market, organophosphate insecticides hold the largest market share at 27.6%. This is followed by pyrethroid insecticides. Organophosphate insecticides accounted for 16.7% of the market share in 2013 and are expected to grow at a compound annual growth rate of 5.3%, reaching sales of $466.4 million by 2019.
The global herbicide market is expected to grow to $39.15 billion by 2022.
In 2016, the global herbicide market was valued at $27.21 billion, and it is expected to grow at a compound annual growth rate of 6.25% to reach $39.15 billion by 2022. The main driving factors for the herbicide market are the adoption of better farming methods and the increase in grain yields, especially in the Asia-Pacific region.
The global agricultural biopesticide market value is expected to reach $11.35 billion by 2022.
From 2016 to 2022, the agricultural biopesticide market is expected to achieve a compound annual growth rate of 12.76%, reaching $11.35 billion by 2022. The top ten trends in this market include diversified solutions brought about by Integrated Pest Management, where natural substances are used alongside synthetic chemicals.
The global biopesticide market value is expected to reach $8.8 billion by 2022.
The global biopesticide market is expected to grow at a compound annual growth rate of 17.4%, reaching $8.82 billion by 2022. The main reasons for the growth of the biopesticide market include the increasing demand for organic foods such as fruits and vegetables, government promotion of biopesticide use, and advancements in agricultural practices and technology.
The global nematicide market is expected to reach $1.43 billion by 2022.
From 2016 to 2022, the global nematicide market is expected to have a compound annual growth rate of 3.30%, reaching a market value of $1.43 billion by 2022. The growth of the nematicide market is driven by various factors, such as the need to better maintain soil health to achieve crop yields. The growing demand in South American countries is a major factor driving this market.
The global rodenticide market size is expected to increase to $1.23 billion by 2022.
The global rodenticide market size is expected to increase to $1.23 billion by 2022, with an average annual growth rate of 3.76% from 2016 to 2022. Market driving factors include the increase in the global rodent population and the enhanced efforts of humans to prevent the spread of rodent-borne diseases. Market limiting factors include environmental legislation and changes in policies across different regions.