GLOBAL PESTICIDE MARKET: SIZE, TRENDS, FORECASTS

Abstract

Worldwide pesticides are used by farmers for growing more food on less land by protecting crops from pests, diseases and weeds as well as raising productivity per hectare. Also, pesticides enable farmers to produce safe, quality foods at affordable prices. Therefore, the market for agricultural pesticides is anticipated to rise by $ 26.23 billion between 2021 and 2025. Pesticide residues can be discovered in a wide range of common foods and drinks, such as prepared meals, water, wine, fruit juices, snacks, and animal feeds. Furthermore, it should be noticed that chemical pesticides have been linked to a variety of detrimental health consequences, including impacts on the skin, gastrointestinal system, nervous system, respiratory system, reproductive system, and endocrine system. The current review was carried out using an objective mixture of primary and secondary information, including inputs from key participants in pesticides industry. Also, it aims at highlighting the urgent need for a new concept in agriculture involving a drastic reduction in the use of chemical pesticides, driving the market to bio-based pesticides.