Report Code: CMI48503

Published Date: May 2024

Pages: 320+

Category: Agriculture

Report Snapshot

CAGR: 6.83%
36.94B
2023
39.49B
2024
71.92B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • The Mosaic Company (U.S.)
  • CF Industries Holdings Inc. (U.S.)
  • OCP SA (Morocco)
  • SQM S.A. (Chile)
  • Israel Chemicals Ltd. (Israel)
  • OCI Global (Netherlands)
  • Others

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Reports Description

Global Speciality Pesticides Market was valued at USD 39.49 Billion in 2024 and is expected to reach USD 71.92 Billion by 2033, at a CAGR of 6.83% during the forecast period 2024 – 2033.

Specialty pesticides are chemical or biological substances specifically formulated to manage, deter, or eradicate plant or animal organisms recognized as pests.

Speciality Pesticides Market: Growth Factors

Precision farming’s adoption, driven by technology, is boosting demand for Speciality pesticides.

The surge in precision farming practices is propelling the market growth of the specialty pesticides market. Precision farming epitomizes a contemporary farming approach, employing state-of-the-art technology to meticulously regulate inputs and maximize outputs at a per-field or per-plant level.

This transition towards precision is revolutionizing agricultural methodologies worldwide, as farmers adopt sophisticated tools like GPS-guided machinery, drones, and sensor technology. One of the pivotal advantages of precision farming lies in its capacity to precisely tailor nutrient application to meet the requirements of crops and soil characteristics.

By leveraging detailed data on soil composition, moisture levels, and crop health, farmers can make well-informed decisions regarding fertilizer application rates and timing. Speciality Pesticides, with their amalgamated formulations of multiple essential nutrients, play a crucial role in this precision-centric approach.

In the United States, a prominent advocate of precision agriculture, farmers are increasingly opting for specialty pesticides customized to cater to the distinct needs of individual fields. This targeted administration of nutrients not only amplifies crop yields but also optimizes resource efficiency by curbing waste and mitigating environmental repercussions.

As the momentum behind precision farming gains traction globally, the demand for specialized specialty pesticides tailored to precise agronomic requisites is projected to surge, thereby driving market growth and fostering innovation in the agricultural sector.

Increased funding for agriculture infrastructure boosts the adoption of Speciality Pesticides for enhanced crop productivity and resource efficiency

The rise in investments in climate-smart agriculture initiatives emerges as a potent market growth driver for advanced fertilization methods, particularly specialty pesticides, aimed at tackling environmental concerns and amplifying farm productivity.

Notably, the allocation of $1.5 billion in fiscal year 2024 through the Regional Conservation Partnership Program (RCPP) under President Biden’s Investing in America agenda empowers farmers, ranchers, and forest landowners with resources to propel conservation and climate-smart farming practices.

This substantial funding fuels the adoption and expansion of conservation strategies, often integrating specialty pesticides, to bolster soil health, mitigate climate change impacts, and bolster overall agricultural sustainability.

The infusion of such significant funding not only facilitates the adoption of conservation strategies but also catalyzes investments in agricultural infrastructure, such as irrigation systems and mechanization, crucial for optimizing the efficacy of specialty pesticides.

Enhanced infrastructure ensures uniform nutrient distribution and uptake by crops, thereby augmenting the effectiveness of these specialized fertilization solutions. Countries like India, witnessing substantial investments in agricultural infrastructure development, are witnessing a parallel uptick in the adoption of specialty pesticides.

Furthermore, the USDA’s commitment to supporting over 180,000 farms and 225 million acres over the next five years underscores the pivotal role of initiatives like RCPP in propelling the market growth for specialty pesticides.

Speciality Pesticides Market: Restraints

Stringent environmental regulations hindering market growth.

The specialty pesticides market faces substantial challenges stemming from Regulatory Compliance and Environmental Concerns, which significantly impede its growth trajectory. Stringent regulations imposed by governing bodies worldwide, such as the European Union’s (EU) Nitrates Directive and Water Framework Directive, exemplify this impediment.

These regulations aim to curb nutrient pollution in water bodies, necessitating rigorous controls on fertilizer usage. Failure to comply with these regulations can result in hefty fines and legal repercussions for both manufacturers and farmers, creating financial strains and hindering market expansion efforts.

Environmental apprehensions surrounding fertilizer usage have spurred governments to introduce measures aimed at curbing greenhouse gas emissions and mitigating soil contamination. In regions like North America, where agricultural practices have historically contributed to nutrient runoff and water pollution, regulatory agencies are increasingly prioritizing measures to safeguard water quality and ecosystems.

Speciality pesticide manufacturers are compelled to channel investments into research and development initiatives to devise environmentally sustainable formulations and production processes.These efforts entail the development of technologies such as slow-release fertilizers and precision application methods to minimize nutrient leaching and runoff.

However, the pursuit of regulatory compliance and environmental sustainability demands substantial financial investments, potentially impacting profit margins and posing significant challenges to market growth and innovation within the specialty pesticides industry.

Speciality Pesticides Market: Opportunities

Diversifying into urban landscaping and forestry markets ensures revenue stability

Diversification into non-agricultural applications presents a compelling market growth opportunity for specialty pesticide manufacturers. By expanding their product offerings beyond traditional agricultural markets, companies can tap into new and lucrative segments such as urban landscaping and forestry.

For instance, Syngenta, a leading player in the agricultural sector, is leveraging its expertise in crop protection to adapt specialty pesticides for use in urban environments. These adapted products cater to the unique pest management needs of urban landscapes and forestry, offering effective solutions for controlling pests without harming the environment or human health.

This strategic diversification not only opens up new revenue streams but also reduces dependence on volatile agricultural cycles. By targeting non-agricultural sectors, Speciality pesticide manufacturers can mitigate risks associated with factors like seasonal fluctuations and crop-specific pest pressures.

Furthermore, expanding into non-agricultural applications allows companies to leverage their existing research and development capabilities to create innovative solutions tailored to the needs of urban environments and forestry management. Overall, diversification into non-agricultural applications represents a promising avenue for growth and sustainability in the specialty pesticides market.

Global Speciality Pesticides Market 2024–2033 (By Type)

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Speciality Pesticides Market: Segmentation Analysis

The global Speciality Pesticides market is segmented by Type, Application, and Region.

Based on Type, the market is classified into Fungicides, Herbicides, Insecticides, and Others. Fungicides are extensively employed in agricultural settings to combat fungal diseases that can devastate crops, making them vital for ensuring yield protection and quality.

Herbicides, on the other hand, find widespread use in weed control, allowing for efficient crop management and maximizing resource utilization. Insecticides play a crucial role in pest management, safeguarding crops from insect infestations that can cause significant damage.

Beyond these primary categories, the “Others” segment encompasses a diverse range of specialty pesticides tailored to address specific agricultural challenges, such as nematode control or plant growth regulation. While each type serves distinct purposes, their adoption rates are influenced by factors such as regional pest pressures, crop varieties, and regulatory environments, shaping the dynamics of the Speciality Pesticides Market.

Based on application, the market is classified into Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables, and Others. Grains and Cerealsdominatedthe market in 2023 with a market share of 49.25 % and is expected to keep its dominance during the forecast period 2024-2033.

Grains and cereals represent a significant segment where specialty pesticides are widely utilized to combat fungal diseases, weeds, and pests, safeguarding staple crops like wheat, rice, and corn. Oilseeds and pulses also rely on specialty pesticides for effective pest management, ensuring optimal yield and quality of crops such as soybeans, sunflowers, and lentils.

In the fruits and vegetables category, specialty pesticides play a critical role in protecting high-value crops like apples, grapes, and tomatoes from various pests and diseases, contributing to enhanced productivity and marketability.

The “Others” segment encompasses diverse applications, including specialty crops like cotton, sugarcane, and coffee, where unique pest and disease pressures require tailored pesticide solutions. Adoption rates vary across these segments, influenced by factors such as regional cropping patterns, pest profiles, and regulatory frameworks, shaping the landscape of the Speciality Pesticides Market.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 39.49 Billion
Projected Market Size in 2033 USD 71.92 Billion
Market Size in 2023 USD 36.94 Billion
CAGR Growth Rate 6.83% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Speciality Pesticides Market: Regional Analysis

North America dominated the Speciality Pesticides Market in 2023 as it boasts advanced agricultural practices, driving significant adoption of specialty pesticides across diverse applications, particularly in staple crops like corn, soybeans, and wheat.

In Europe, stringent regulations promote the use of environmentally sustainable pest management solutions, leading to high adoption rates of specialty pesticides in fruits, vegetables, and specialty crops.

Asia-Pacific, with its vast agricultural landscape and increasing emphasis on food security, presents a rapidly growing market for specialty pesticides, especially in countries like China and India, where rice, wheat, and vegetables dominate agricultural production.

Latin America, known for its extensive cultivation of crops like soybeans, sugarcane, and coffee, exhibits a strong demand for specialty pesticides to combat pests and diseases. Meanwhile, the Middle East & Africa region, characterized by diverse agro-climatic conditions, showcases emerging opportunities for specialty pesticides, particularly in horticultural crops and export-oriented agriculture.

Regional variations in crop preferences, pest pressures, and regulatory environments shape the adoption dynamics within the Speciality Pesticides Market.

Global Speciality Pesticides Market 2024–2033 (By Billion)

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Speciality Pesticides Market: Recent Developments

  • In December 2022, Zuari Agro Chemicals Ltd. unveiled an ambitious expansion plan for its ag-tech subsidiary, Zuari Farmhub Ltd. The company aims to triple its retail footprint within two years, with approximately 2,000 stores slated to open across the country. This strategic move is designed to enhance customer accessibility and strengthen Zuari Agro’s market presence nationwide.
  • February 2022 witnessed the launch of ‘Croptek’ by Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL), marking a significant milestone in India’s agricultural sector. ‘Croptek’ stands as India’s pioneering crop-specific balanced nutrition solution, tailored for key crops such as onion, cotton, sugarcane, and corn. This innovative product promises to revolutionize crop nutrition management, offering farmers a targeted approach to optimize yields and enhance crop quality.
  • September 2021 saw Coromandel International Limited introducing a breakthrough fertilizer named GroShakti Plus in the markets of Telangana and Andhra Pradesh, India. This cutting-edge product is fortified with essential micronutrients, catering to a wide range of crops including cereals, pulses, oilseeds, vegetables, and fruits. GroShakti Plus represents a significant advancement in crop nutrition technology, providing farmers with a potent tool to maximize yields and ensure optimal crop health.

List of the prominent players in the Speciality Pesticides Market:

  • The Mosaic Company (U.S.)
  • CF Industries Holdings Inc. (U.S.)
  • OCP SA (Morocco)
  • SQM S.A. (Chile)
  • Israel Chemicals Ltd. (Israel)
  • OCI Global (Netherlands)
  • K+S Aktiengesellschaft (Germany)
  • Nouryon Chemicals Holding B.V. (Netherlands)
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India)
  • Grupa Azoty S.A. (Poland)
  • Wilbur-Ellis Holdings Inc. (U.S.)
  • Nufarm Ltd (Australia)
  • Coromandel International (India)
  • Compass Minerals International Inc. (U.S.)
  • Deepak Fertilizers and Petrochemicals Corporation Limited (India)
  • Zuari Agro Chemicals Ltd. (India)
  • Kugler Company (U.S.)
  • Kingenta Ecological Engineering Group Co. Ltd. (China)
  • Brandt Inc. (U.S.)
  • Agro Liquid (U.S.)
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Speciality Pesticides Market is segmented as follows:

By Type

  • Fungicide
  • Herbicides
  • Insecticides
  • Others

By Application

  • Grains and Cereals
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Speciality Pesticides Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Speciality Pesticides Market: snapshot
  • Chapter 3. Global Speciality Pesticides Market – Industry Analysis
    • 3.1 Speciality Pesticides Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Precision farming’s adoption
      • 3.2.2 Driven by technology
      • 3.2.3 Increased funding for agriculture infrastructure
      • 3.2.4 Enhanced crop productivity and resource efficiency
      • 3.2.5 Precision farming’s adoption
      • 3.2.6 Increased funding for agriculture infrastructure
      • 3.2.7 Enhanced crop productivity and resource efficiency
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
  • Chapter 4. Global Speciality Pesticides Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Speciality Pesticides Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Speciality Pesticides Market – Type Analysis
    • 5.1 Global Speciality Pesticides Market Overview: By Type
      • 5.1.1 Global Speciality Pesticides Market Share, By Type, 2023 and 2033
    • 5.2 Fungicide
      • 5.2.1 Global Speciality Pesticides Market by Fungicide, 2024 – 2033 (USD Billion)
    • 5.3 Herbicides
      • 5.3.1 Global Speciality Pesticides Market by Herbicides, 2024 – 2033 (USD Billion)
    • 5.4 Insecticides
      • 5.4.1 Global Speciality Pesticides Market by Insecticides, 2024 – 2033 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Speciality Pesticides Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Speciality Pesticides Market – Application Analysis
    • 6.1 Global Speciality Pesticides Market Overview: By Application
      • 6.1.1 Global Speciality Pesticides Market Share, By Application, 2023 and 2033
    • 6.2 Grains and Cereals
      • 6.2.1 Global Speciality Pesticides Market by Grains and Cereals, 2024 – 2033 (USD Billion)
    • 6.3 Oilseeds and Pulses
      • 6.3.1 Global Speciality Pesticides Market by Oilseeds and Pulses, 2024 – 2033 (USD Billion)
    • 6.4 Fruits and Vegetables
      • 6.4.1 Global Speciality Pesticides Market by Fruits and Vegetables, 2024 – 2033 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Speciality Pesticides Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Speciality Pesticides Market – Regional Analysis
    • 7.1 Global Speciality Pesticides Market Regional Overview
    • 7.2 Global Speciality Pesticides Market Share, by Region, 2023 & 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Speciality Pesticides Market, 2024 – 2033 (USD Billion)
        • 7.3.1.1 North America Speciality Pesticides Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Speciality Pesticides Market, by Type, 2024 – 2033
      • 7.4.1 North America Speciality Pesticides Market, by Type, 2024 – 2033 (USD Billion)
    • 7.5 North America Speciality Pesticides Market, by Application, 2024 – 2033
      • 7.5.1 North America Speciality Pesticides Market, by Application, 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Speciality Pesticides Market, 2024 – 2033 (USD Billion)
        • 7.6.1.1 Europe Speciality Pesticides Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Speciality Pesticides Market, by Type, 2024 – 2033
      • 7.7.1 Europe Speciality Pesticides Market, by Type, 2024 – 2033 (USD Billion)
    • 7.8 Europe Speciality Pesticides Market, by Application, 2024 – 2033
      • 7.8.1 Europe Speciality Pesticides Market, by Application, 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Speciality Pesticides Market, 2024 – 2033 (USD Billion)
        • 7.9.1.1 Asia Pacific Speciality Pesticides Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Speciality Pesticides Market, by Type, 2024 – 2033
      • 7.10.1 Asia Pacific Speciality Pesticides Market, by Type, 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Speciality Pesticides Market, by Application, 2024 – 2033
      • 7.11.1 Asia Pacific Speciality Pesticides Market, by Application, 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Speciality Pesticides Market, 2024 – 2033 (USD Billion)
        • 7.12.1.1 Latin America Speciality Pesticides Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Speciality Pesticides Market, by Type, 2024 – 2033
      • 7.13.1 Latin America Speciality Pesticides Market, by Type, 2024 – 2033 (USD Billion)
    • 7.14 Latin America Speciality Pesticides Market, by Application, 2024 – 2033
      • 7.14.1 Latin America Speciality Pesticides Market, by Application, 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Speciality Pesticides Market, 2024 – 2033 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Speciality Pesticides Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Speciality Pesticides Market, by Type, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Speciality Pesticides Market, by Type, 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Speciality Pesticides Market, by Application, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Speciality Pesticides Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 The Mosaic Company (U.S.)
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 CF Industries Holdings Inc. (U.S.)
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 OCP SA (Morocco)
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 SQM S.A. (Chile)
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Israel Chemicals Ltd. (Israel)
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 OCI Global (Netherlands)
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 K+S Aktiengesellschaft (Germany)
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Nouryon Chemicals Holding B.V. (Netherlands)
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India)
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Grupa Azoty S.A. (Poland)
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Wilbur-Ellis Holdings Inc. (U.S.)
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Nufarm Ltd (Australia)
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Coromandel International (India)
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Compass Minerals International Inc. (U.S.)
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Deepak Fertilizers and Petrochemicals Corporation Limited (India)
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Zuari Agro Chemicals Ltd. (India)
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Kugler Company (U.S.)
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 Kingenta Ecological Engineering Group Co. Ltd. (China)
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 Brandt Inc. (U.S.)
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Agro Liquid (U.S.)
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
    • 8.21 Others.
      • 8.21.1 Overview
      • 8.21.2 Financials
      • 8.21.3 Product Portfolio
      • 8.21.4 Business Strategy
      • 8.21.5 Recent Developments
List Of Figures

Figures No 1 to 22

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • The Mosaic Company (U.S.)
  • CF Industries Holdings Inc. (U.S.)
  • OCP SA (Morocco)
  • SQM S.A. (Chile)
  • Israel Chemicals Ltd. (Israel)
  • OCI Global (Netherlands)
  • K+S Aktiengesellschaft (Germany)
  • Nouryon Chemicals Holding B.V. (Netherlands)
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India)
  • Grupa Azoty S.A. (Poland)
  • Wilbur-Ellis Holdings Inc. (U.S.)
  • Nufarm Ltd (Australia)
  • Coromandel International (India)
  • Compass Minerals International Inc. (U.S.)
  • Deepak Fertilizers and Petrochemicals Corporation Limited (India)
  • Zuari Agro Chemicals Ltd. (India)
  • Kugler Company (U.S.)
  • Kingenta Ecological Engineering Group Co. Ltd. (China)
  • Brandt Inc. (U.S.)
  • Agro Liquid (U.S.)
  • Others

FAQs

The major driver for the Increased funding for agriculture infrastructure boosts the adoption of Speciality Pesticidess for enhanced crop productivity and resource efficiency.

The “Grains and Cereals” had the largest share in the global market for Speciality Pesticides.

The “Fungicide” category dominated the market in 2023.

The key players in the market are The Mosaic Company (U.S.), CF Industries Holdings Inc. (U.S.), OCP SA (Morocco), SQM S.A. (Chile), Israel Chemicals Ltd. (Israel), OCI Global (Netherlands), K+S Aktiengesellschaft (Germany), Nouryon Chemicals Holding B.V. (Netherlands), Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India), Grupa Azoty S.A. (Poland), Wilbur-Ellis Holdings Inc. (U.S.), Nufarm Ltd (Australia), Coromandel International (India), Compass Minerals International Inc. (U.S.), Deepak Fertilizers and Petrochemicals Corporation Limited (India), Zuari Agro Chemicals Ltd. (India), Kugler Company (U.S.), Kingenta Ecological Engineering Group Co. Ltd. (China), Brandt Inc. (U.S.), Agro Liquid (U.S.), Others.

“North America” had the largest share in the Speciality Pesticides Market.

The global market is projected to grow at a CAGR of 6.83% during the forecast period, 2024-2033.

The Speciality Pesticides Market size was valued at USD 39.49 Billion in 2024.

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