Global Insecticides Market, By 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The insecticides market is expected to witness market growth at a rate of 9.0% in the forecast period of 2021 to 2028 and is expected to reach USD 28.89 million by 2028. Data Bridge Market Research report on insecticides market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in instances of crop losses due to insect infestation is escalating the growth of insecticides market.
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.
The rise in the pressure to cater increasing food demand among consumers due to the large population across the globe acts as one of the major factors driving the growth of insecticides market. The rise in need to ensure food quality in agricultural sector and growing regulatory interventions for farming culture and safe farming and the rise in need for food security accelerate the insecticides market growth. The increase in employment of the insecticide in order to reduce losses caused by insect attacks and increase yield and quality of crops further influence the insecticides market. Additionally, reduction in arable land, acceptance of modern farming techniques, enhancement of agrochemical products, emerging technologies and high returns on investment positively affect the insecticides market. Furthermore, high demand in the developing nations and penetration of integrated pest management (IPM) and research and development projects to introduce new products extend profitable opportunities to the insecticides market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of stringent government regulations and increase in concerns regarding the resistance among insects are the factors expected to obstruct the insecticides market growth. Emergence of bioinsecticides as substitutes is projected to challenge the insecticides market in the forecast period of 2021-2028.
This 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Insecticides Market Scope and Market Size
The insecticides market is segmented on the basis of type, form, formulation and crop type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the insecticides market is segmented into pyrethroids, organophosphorus, carbamates, organochlorine, botanicals and others.
- On the basis of form, the insecticides market is segmented into sprays, baits and strips.
- On the basis of formulation, the insecticides market is segmented into wettable powder, emulsifiable concentrate, suspension concentrate, oil emulsion in water, microencapsulated suspension, granules and other formulations.
- On the basis of crop type, the insecticides market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables and other crops.
Global Insecticides Market Country Level Analysis
The insecticides market is analyzed and market size, volume information is provided by country, type, form, formulation and application as referenced above.
The countries covered in the global 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, Israel, Egypt, South Africa, 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 is expected to witness high growth during the forecast period of 2021 to 2028 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 insecticides market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Insecticides Market Share Analysis
The 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 insecticides market.
The major players covered in the insecticides market report are BASF SE, Nanjing Red Sun Co., Ltd., Bayer AG, ChemChina, FMC Corporation, Corteva, Nufarm Global, UPL, Sumitomo Chemical Co., Ltd., ADAMA India Private Limited, AMVAC Chemical Corporation, Syngenta AG, LUMITOS AG, ADAMA Ltd., Rainbow Agro, Oxon Italia S.p.A., Marrone Bio Innovations, Nissan Chemical Corporation, Arysta LifeScience Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.