Asian pesticide and other agricultural chemicals market is the largest in the world. It currently has about 40% share of the global pesticide and other agricultural chemicals market, according to a report published by Reportlinker.com. The market in Asia grew at a CAGR of around 4% in the historic period and is expected to grow at a CAGR of around 5% in the forecast period.
 
Insecticides was the largest segment in the pesticide and other agricultural chemicals market with around 38% share of the market. Herbicides was the second largest segment with around 30% share of the pesticide and other agricultural chemicals market. Fungicides was the third largest segment with around 32% share of the pesticide and other agricultural chemicals market.
 
Increase In Adjuvants Usage - The pesticides industry is witnessing a transition from single use products to more complete multi-functional adjuvant solutions. Multi-functional adjuvants are used to condition the water to enhance the effectiveness of pesticides such as herbicides, insecticides fungicides and other agents to control or eliminate unwanted pests. The agricultural adjuvants market is projected to reach $3.1 billion by 2019, at a CAGR of around 5.6% from 2014.