Pakistan Agrochemicals Market Size (2024 - 2029)

Pakistan Pesticides Market Analysis

The Pakistan Agrochemicals Market size is estimated at USD 345.59 million in 2024, and is expected to reach USD 507.55 million by 2029, growing at a CAGR of 7.99% during the forecast period (2024-2029).

Agriculture is the most important economic sector in Pakistan. In 2023, the agriculture sector in Pakistan accounted for 24 percent of the GDP and employed 37.4 percent of the workforce, as the Pakistan Bureau of Statistics reported. The significant role of agriculture in Pakistan's economy underscores its importance as a key driver for economic growth, employment generation, and poverty alleviation, especially due to its interconnections with other sectors.

In Pakistan, boosting farm production is vital for bolstering food security. To mitigate losses in farm production, Pakistan has seen a notable uptick in pesticide application. According to the FAOSTAT, pesticide usage per hectare of cropland increased from 0.84 kg in 2021 to 0.86 kg in 2022. Farmers increasingly turn to pesticides to shield their crops, fruits, and vegetables from various pests and diseases. In addition, Pakistan is one of the major producers of crops such as wheat, cotton, rice, sugarcane, maize, and many others, with an evident high rate of pesticide use compared to other countries owing to a decrease in arable land holding. For instance, as per the World Bank data, the percentage of arable land was 0.136 in 2020 and decreased to 0.131 in 2021, which boosted the demand for pesticides in the coming years.

Moreover, wheat is one of the major cereals grown in the country with a production volume of 26.2 million metric tons in 2022 which increased to 28.3 million metric tons in 2023, the United States Department of Agriculture estimated. Among Pakistan's biotic constraints on wheat production, fungus diseases stand out by their incidence in humid years. Aphids are the major insect pest of wheat in the country that interfere with translocation by partially plugging the phloem. It can cause severe stunting of plants, inhibition of root formation, delaying or prevention of heading, and reduction in yield. Chemical control is recommended if both vector and virus are annually endemic with a high degree of certainty. Pesticides such as insecticides, fungicides, and herbicides are essential for crop protection and increased yield during the pre-harvest stage. Utilizing crop protection agents wisely promotes sustainable farm management and provides socioeconomic advantages to address the challenges of feeding a population that is always expanding. Therefore, farmers use pesticides to fuel the market for sustainable development of agricultural production in the country.

Additionally, the government of Pakistan subsidizes pesticides as a component of its agricultural relief initiatives. For instance, in 2021, the government introduced the Kisaan Card Programme, which directly subsidizes pesticides for farmers. This program is a segment of a larger effort, to dispense USD 0.061 billion in direct subsidies to farmers. The aim is to simplify the subsidy process and minimize bureaucratic challenges. Consequently, these governmental initiatives are projected to boost the demand for pesticides in the coming years.

Pakistan Pesticides Industry Segmentation

Pesticides are defined as commercially manufactured agrochemicals used to prevent crop destruction by pests, diseases, and weeds, thereby improving crop yield and quality. Pesticides used by farmers and large commercial growers in crops and non-crop agricultural practices are included in the market studied. The pesticides market in Pakistan is segmented by Origin (Synthetic, and Bio-based), Type (Herbicides, Insecticides, Fungicides, and Other Types), and Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Turf and Ornamental Grasses, and Other Applications). The report offers the market size and forecasts in terms of Value (USD) and Volume (Metric Tons) for all the above segments.