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Neonicotinoid Pesticide Market Trends

  • Report ID: GMI9213
  • Published Date: Apr 2024
  • Report Format: PDF

Neonicotinoid Pesticide Market Trends

In recent years the agricultural sector's insatiable demand for effective pest control solutions has propelled the market to unprecedented heights. Farmers worldwide rely on these potent chemicals to safeguard their crops against destructive pests, ensuring optimal yields and economic viability. With mounting pressure to feed a growing global population, the necessity for robust pest management tools has never been more critical. Neonicotinoids offer a reliable and efficient solution, addressing pest threats across various crops and environments. Their systemic nature provides long-lasting protection, making them indispensable assets in modern agriculture. As such, the enduring agricultural demand for neonicotinoid pesticides continues to drive substantial growth and innovation within the market.
 

Furthermore, the surge in neonicotinoid pesticide usage has become a cornerstone of modern agricultural practices, igniting a transformative wave in crop management. With heightened efficacy against a broad spectrum of pests, these pesticides catalyze substantial boosts in crop yields and operational efficiency, driving unprecedented productivity gains for farmers worldwide. By targeting pests systematically, they curtail crop damage, ensuring a robust harvest even in the face of adversity. This heightened productivity not only secures food supplies but also bolsters economic resilience within farming communities. The integration of neonicotinoids signifies a pivotal shift towards sustainable intensification, where agricultural output meets global demands while optimizing resource utilization. As these pesticides empower farmers to navigate complex agricultural landscapes with confidence, they emerge as a beacon of innovation propelling the industry towards a prosperous and sustainable future.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for neonicotinoid pesticide was valued at USD 5.1 billion in 2023 and is expected to reach USD 8.06 billion by 2032, owing to increased crop yields and efficiency.

The cereals segment accounted for 35% of the neonicotinoid pesticide market share in 2023 and is projected to hold 38% share by 2032, due to their widespread cultivation and susceptibility to pest infestations.

North America market generated a revenue of USD 2 billion in 2023, due to its vast agricultural landscape and extensive use of neonicotinoids in staple crops, such as corn, soybeans, and cotton.

ADAMA, American Vanguard Corporation, Arysta LifeScience Corporation, BASF SE, FMC Corporation, MITSUI CHEMICALS AMERICA, INC, Nissan Chemical Corporation, Nufarm, Sumitomo Chemical Co., Ltd., and Syngenta.

Neonicotinoid Pesticide Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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