Global Insecticides Market – Industry Trends and Forecast to 2030

Insecticides Market Analysis and Size

The essential factors contributing to the growth of the insecticides market in the forecast period of 2023 to 2020 include growing awareness for pest control and crop protection, growing global population and food security and continuous advancements in insecticide formulation.

Data Bridge Market Research analyses that the insecticides market which was USD 17.23 billion in 2022, is expected to reach USD 34.32 billion by 2030, growing at a CAGR of 9.0% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Insecticides Market Scope and Segmentation

Market Definition

Insecticides refer to the type of pesticides which are utilized to kill insects that damage crops. Various kinds of insecticides are seen in the market such as organic insecticide, inorganic insecticide, and repellants and non- repellant among others. These products are extensively used for agriculture, medical, industrial and household applications.

Global Insecticides Market Dynamics

Drivers

• Growing Awareness for Pest Control and Crop Protection

Insecticides play a crucial role in controlling pests and protecting crops from damage caused by insects. Farmers rely on insecticides to prevent yield losses and maintain crop quality. Insecticides help to manage pests such as insects, mites, and nematodes, ensuring a higher yield and improving agricultural productivity.

• Growing Global Population and Food Security

With the world population projected to reach over 9 billion by 2050, there is a pressing need to increase food production to meet the growing demand. Insecticides aid in preventing crop losses due to pests, thereby.

Opportunity

• Continuous Advancements in Insecticide Formulation

Continuous advancements in insecticide formulations, application techniques, and delivery systems have improved their efficacy and reduced their environmental impact. Innovative products, such as bio-based insecticides, reduced-risk insecticides, and integrated pest management (IPM) approaches, have gained prominence, providing more targeted and sustainable pest control solutions.

Restraints/Challenges

• Environmental Concerns and Regulations

The use of insecticides can have adverse environmental effects, including the potential harm to non-target organisms, such as beneficial insects, birds, and aquatic life. Concerns about water pollution, soil contamination, and the impact on biodiversity have led to stricter regulations governing the use of insecticides. Regulatory restrictions and bans on certain active ingredients can limit the availability and use of specific insecticides.

• Public Perception and Consumer Demand for Sustainable Alternatives

There is a growing consumer demand for sustainable and eco-friendly products, including food produced with minimal pesticide use. Public perception and concerns about the potential health risks associated with pesticide residues in food can influence consumer preferences and purchasing decisions. This has led to an increased demand for organic and pesticide-free produce, which may impact the use of conventional insecticides.

This global insecticides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the insecticides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In January 2022, Syngenta Crop Protection has acquired two next generation bioinsecticides, NemaTrident and UniSpore, to combat increasing resistance and a wide range of insects and pests across horticulture and ornamentals, turf amenity and forestry, giving customers even greater choice

Global Insecticides Market Scope

The global insecticides market is segmented on the basis of type, form, formulation and crop type. The growth amongst these segments will help you analyse growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Pyrethroids
• Organophosphorus
• Carbamates
• Organochlorine
• Botanicals
• Others

Form

• Sprays
• Baits
• Strips

Formulation

• Wettable Powder
• Emulsifiable Concentrate
• Suspension Concentrate
• Oil Emulsion in Water
• Microencapsulated Suspension
• Granules
• Other Formulations

Crop Type

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Other Crops

Global Insecticides Market Regional Analysis/Insights

The global insecticides market is analyzed and market size insights and trends are provided by country, type, form, formulation and crop type as referenced above.

The countries covered in the insecticides  market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Asia-Pacific dominates the global insecticides market and is expected to be the fastest growing market during the forecast period of 2023 to 2030 because of the expansion of agriculture sector, developing economy, inconsistent regulations on pesticides usage across different countries, wide climatic variations and a high degree of plant diversity and continuous technological advancements in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Insecticides Market Share Analysis

The global insecticides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global insecticides market.

Some of the major players operating in the global insecticides market are:

• Syngenta (Switzerland)
• Bayer CropScience (Germany)
• BASF SE (Germany)
• Corteva Agriscience (U.S.)
• FMC Corporation (U.S.)
• Sumitomo Chemical Co., Ltd. (Japan)
• ADAMA Agricultural Solutions Ltd. (Israel)
• UPL Limited (India)
• Nufarm Limited (Australia)
• Mitsui Chemicals Agro, Inc. (Japan)
• Isagro S.p.A. (Italy)
• Platform Specialty Products Corporation (U.S.)
• Dow AgroSciences LLC (U.S.)
• Arysta LifeScience Corporation (Japan)
• Certis USA LLC (U.S.)
• Valent BioSciences LLC (U.S.)
• Rotam CropSciences Ltd. (China)
• Marrone Bio Innovations, Inc. (U.S.)
• Control Solutions, Inc. (U.S.)
• Adani Agri Fresh Ltd. (India)

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