Synthetic pesticide market seen reaching $27.6 billion by 2031

Allied Market Research forecasts the global synthetic pesticide market will grow from $16.3 billion in 2021 to $27.6 billion by 2031, driven by agricultural demand and product innovation. Asia-Pacific led the market in 2021, while herbicides, fruits and vegetables, and insecticides remain major segments.

Why it matters: - Synthetic pesticides remain a core input for agriculture and forestry, so market growth signals continued demand for crop protection products. - The forecast also points to rising pressure to balance productivity gains with health and environmental concerns. - New product launches and technological advances may create room for manufacturers to expand market share.

What happened: - Allied Market Research released a report on the global synthetic pesticide market covering category, type, and application segments. - The report estimates the market at $16.3 billion in 2021 and projects it will reach $27.6 billion by 2031. - The forecast implies a compound annual growth rate of 5.5% from 2022 to 2031. - The report also analyzes market trends, investment pockets, value chains, competition, and regional conditions. - The report is titled “Synthetic Pesticide Market by Category (Organophosphates, Carbamate, Others), by Type (Insecticides, Fungicides, Herbicides, Others), by Application (Fruits and Vegetables, Turfs and Ornamentals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” - A request sample is available here.

The details: - By category, carbamates are projected to post the fastest CAGR at 5.8% through 2031. - The report says carbamates are used as treats or hooks to control bugs by triggering nerve and cerebral damage. - The “others” category held the largest share in 2021, accounting for more than two-fifths of global revenue. - The “others” segment includes pyrethrin, pyrethroid, and organochlorine. - Pyrethrins are used to control mosquitoes, fleas, flies, moths, ants, and other pests. - Pyrethroids appear in commercial products including home insecticides, pet lotions, and shampoos. - By type, herbicides held about half of global synthetic pesticide revenue in 2021. - Herbicides are used heavily in row-crop farming before or during planting to improve crop yield. - Insecticides are projected to grow fastest by type, with a 6.4% CAGR. - Insecticides offer broad-spectrum protection and can be combined to control multiple pest species. - By application, fruits and vegetables accounted for more than three-fifths of global revenue in 2021. - The report links that share to widespread use of synthetic insecticides such as malathion and chlorpyrifos on fruits, vegetables, and wheat. - Turfs and ornamentals are expected to grow at a 5.7% CAGR through 2031. - The report says synthetic pesticides are applied to seedlings in turfs and ornamentals to support soil fertility, crop quality, and crop development, while also keeping pests and illnesses away. - Asia-Pacific held more than two-fifths of global revenue in 2021. - Asia-Pacific is also projected to post the fastest regional CAGR at 6.2% through 2031. - The report ties that growth to pesticide use aimed at boosting agricultural productivity in India and other Southeast Asian countries. - Key players named in the report include BASF SE, Bayer Crop Science AG, Corteva Agriscience, Syngenta AG, ADAMA Ltd., FMC Corporation, UPL Limited, Sumitomo Chemical Co., Ltd., Nufarm Limited, and Aimco Pesticides Ltd. - The report says these companies are using expansion, new product launches, partnerships, and other strategies to strengthen market penetration. - More details are available here. - The report’s purchase options are available here. - The full summary report is available here.

Between the lines: - The market outlook is being driven by higher output needs in farming, but the report also flags toxicity and ecosystem damage as restraints. - The segment breakdown suggests herbicides remain the biggest revenue driver, while insecticides and carbamates may be the faster-growth categories. - Asia-Pacific’s leadership shows how demand is concentrated in regions where agricultural productivity gains remain a priority.

What's next: - Market growth is likely to stay tied to product innovation, regional farming demand, and the pace of regulatory and health concerns. - Companies named in the report will likely keep pursuing expansion, partnerships, and new launches to defend or grow share through 2031.