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Global Insecticides Market Overview
“The global Insecticides market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
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.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed 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 the future.
Insecticides are chemical substances that are used to kill insects, there is various insecticide available on the market that works in a different way such as damaging insect exoskeleton. Further, it can also act upon 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 the adoption of modern techniques by farmers in order to cater to the growing demand for food is another 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 another factor expected to drive the growth of the global insecticides market over the forecast period.
However, the harmful effect of insecticides on the environment and the development of resistance in pest species are major factors expected to limit the growth of the global insecticides market over the forecast period.
Based on crop type, the global insecticide market is segmented based on cereals & grains, oilseeds & pulses, and fruits & vegetables. The cereals & grains segment is expected to contribute a major revenue share over the forecast period.
This is attributed to the increasing consumption of cereals and grains across the globe and the increasing focus of farmers to produce a high yields.
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 another factor expected to drive the growth of the market in the region.
Countries in the Asia Pacific market are agriculture-based economies and hence the demand for agriculture products in turn is expected to drive the growth of the 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:
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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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