The Global Pesticide Market will be worth $75.9 billion in 2019

According to the "2014-2020 Global Pesticide Market Trends and Forecasts" report, the global pesticide industry is on a steady upward trajectory. Production is projected to rise from 2.3 million tons in 2013 to 3.2 million tons by 2019, with a compound annual growth rate (CAGR) of 6.1% between 2014 and 2020. The market value was valued at $51.9 billion in 2013 and is expected to reach $75.9 billion by 2019, growing at a CAGR of 6.9% during the same period.

North America continues to hold the largest share of the global pesticide market, but its growth is expected to be the slowest compared to other regions. In contrast, the Asia-Pacific region is anticipated to experience the fastest demand growth, with a CAGR of 7.9% from 2014 to 2020. This rapid expansion is driven by increasing agricultural activities, population growth, and rising food production needs.

In terms of application, crop-based terminal pesticides are still leading in both consumption volume and value. These products remain the most widely used across various sectors due to their effectiveness in managing pests and ensuring crop yields.

Several factors are fueling the demand for pesticides, including the reduction in arable land, an expanding global population, and the need for higher agricultural output. However, regulatory bodies like the U.S. Environmental Protection Agency (EPA) have been implementing stricter regulations to limit pesticide use, aiming to reduce environmental impact and raise consumer awareness about chemical residues. These measures could potentially slow down the growth of traditional chemical pesticides in the long run.

On the other hand, biopesticides—derived from natural sources such as plants, bacteria, and minerals—are gaining traction. They are considered more eco-friendly, with no synthetic chemicals or harmful residues. Their low toxicity, high efficiency, and safety profile make them an attractive alternative. Some countries are actively promoting the development of biological pesticides through policy support and incentives. Despite this, the biopesticides market still faces challenges, including limited consumer awareness, varying efficacy, and entrenched preferences for conventional chemicals.

Although the biopesticides sector is expected to grow rapidly between 2014 and 2020, chemical pesticides will continue to dominate the global market due to their widespread use, established infrastructure, and proven effectiveness in large-scale agriculture.