MarketResearch.biz delivers in-depth insights on the global insecticides market in its upcoming report titled, “Global Insecticides Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global insecticides market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global insecticides market report has been segmented on the product type, crop type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Insecticides is chemical substance that are used to kill insects, there are various insecticide available in the market that work in different way such as damaging insect exoskeleton. Further, it can also act up on the nervous system. Commonly used insecticides are pyrethroids, carbamates, and organophosphates.
Growing demand for food products owing to the rapidly growing population is a major factor expected to drive the growth of the market over the forecast period. Increasing adoption of modern techniques by farmers in order to cater to the growing demand of food is other factor expected to propel the growth of the market over the forecast period. In addition, increasing demand for insecticides due to high crop losses by insect infestation is other factor expected to drive the growth of the global insecticides market over the forecast period.
However, harmful effect of insecticides on environment and development of resistance in pest species are major factors expected to limit the growth of global insecticides market over the forecast period.
Based on crop type, the global insecticides market is segmented based on cereals & grains, oilseeds & pulses, fruits & vegetables. The cereals & grains segment is expected to contribute major revenue share over the forecast period. The is attributed to the increasing consumption of cereals and grains across the globe and increasing focus of farmers to produce high yield.
The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This is attributed to the presence of arable land and tropical climate in the countries in the region. Furthermore, increasing demand for carbamates and organophosphates is other factor expected to drive the growth of the market in the region. Countries in Asia Pacific market are agriculture based economies and hence demand for agriculture products in turn is expected to drive the growth of global insecticides market over the forecast period. Ban on insecticides in several countries and stringent government regulation for the approval process is another factor expected to hamper the growth of the market in North America and Europe over the forecast period.
Global insecticides market segmentation, by product type:
Global insecticides market segmentation, by crop type:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
Global insecticides market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Bayer AG
- BASF SE
- The DOW Chemical Company
- I Du Pont De Nemours and Company
- FMC Corporation
- Nufarm Limited
- UPL Limited
- Sumitomo Chemical Co., Ltd.
- Adama Agricultural Solutions Ltd.
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