USD 8.72 billion
Global Insecticides Market Size, Share, Growth Analysis, By Type(Pyrethroids, Organophosphorus), By Crop Type(Cereals & grains, Oilseeds & pulses), By Formulation(Wettable powder, Emulsifiable concentrate), By Form(Sprays, Baits), By Origin(Synthetic pesticide and bioinsecticide), By Insect Pest Type(Sucking Pest Insecticide and Biting and Chewing Pest Insecticide), By Application(Grains and Cereals, Pulses and Oilseeds) - Industry Forecast 2024-2031
Report ID:
SQSG15C2010 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
201 |
Figures:
80
Global Insecticides Market Insights
Global Insecticides Market size was valued at USD 8.72 billion in 2019 and is poised to grow from USD 9.12 billion in 2023 to USD 13.08 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
Pesticides used to destroy insects that harm crops are referred to as insecticides. There are different types of insecticides available in the market, including organic insecticide, inorganic insecticide, repellants, and non-repellents. These insecticide products are widely utilised in home, industrial, medical, and agricultural purposes.
One of the key factors fueling the expansion of the insecticides market is the growing need to meet customers’ rising food demand as a result of the world's growing population. The need to ensure food quality in the agricultural sector, expanding regulatory interventions for safe farming practices and farming culture, and the need for increased food security all contribute to the market expansion for pesticides. The insecticides market is also influenced by an increase in the usage of pesticides to boost crop production and quality while decreasing losses brought on by insects.
The insecticides market is positively impacted by factors such declining arable land, adoption of modern farming methods, improved agrochemical goods, developing technology, and high returns on investment. Additionally, the penetration of integrated pest management, increasing demand in developing countries, and research and development initiatives to launch new products provide profitable prospects to the insecticides market players throughout the projection period.
US Insecticides Market is poised to grow at a sustainable CAGR for the next forcast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Oilseeds & pulses
Fastest Growth
Cereals & Grains
Growth Rate
4.6% CAGR
Global Insecticides Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Insecticides Market Size By crop type , 2021-2028 ($ Bn)
Global Insecticides Market Size By crop type, 2021-2028 (%)
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Global Insecticides Market Segmental Analysis
Global Insecticides Market is segmented based on the type, crop type, formulation, form, origin, application, insect pest type, and region. Based on the type, the Global Insecticides Market is segmented into Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals. Based on the crop type, the Insecticides Market has been segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables. Based on formulation, the Insecticides Market has been segmented into Wettable powder, Emulsifiable concentrate, Suspension concentrate, Oil emulsion in water, Microencapsulated suspension, Granules. Based on origin, the Insecticides Market is segmented into Synthetic pesticide and bioinsecticide. Based on application, the Insecticides Market is segmented into Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Turf and Ornamental. Based on insect pest type, the Insecticides Market is segmented into Sucking Pest Insecticide and Biting and Chewing Pest Insecticide. Based on form the Insecticides Market is segmented as Sprays, Baits and Strips. Based on Region, Insecticides Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Insecticides Market Analysis by Crop Type
The cereals & grains segment dominated the insecticides market in 2021. Since cereals are grown in nearly every nation, there is a strong need for pesticides worldwide, and this trend is anticipated to continue during the projection period. Global grain output has been rising, and as a result, it is now more crucial than ever for growers to concentrate on the yield and quality of their crops by utilising efficient pesticides. Due to their high vitamin and mineral content and extensive use in animal feed, cereals and grains are experiencing development in the market.
Insecticides Market Analysis by Formulation
Emulsifiable concentrate segment dominated the insecticides market in terms of formulation in 2021. An oil-soluble liquid active component, one or more petroleum-based solvents, and a mixing agent are typically present in an emulsifiable concentrate formulation. The fact that emulsifiable concentrates can be employed in both agricultural and non-agricultural uses makes them a popular pesticide formulation utilised all over the world. They can be adjusted to use with hydraulic spraying machines as well as portable sprayers. Emulsifiable concentrates dominate the pesticides market since they are often simpler to use for spraying broad areas.
Global Insecticides Market By crop type, 2021 (%), 2023 (%)
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Global Insecticides Market Regional Insights
Asia Pacific region dominated the global market in 2021 and also it is faster growing region, due to rising agricultural activity in developing nations like China and India. Due to the country’s extensive production of agricultural products including cotton, sugarcane, and cotton, India is expected to experience tremendous growth. Over the course of the forecast period, the insecticides market is projected to be driven by increased food demand and an ageing population.
The production of genetically modified (GM) crops is expected to increase, which will result in a decline in North America and Europe. Since these crops are resistant to pests, insecticides are needed in less quantity and volume. Over the forecast period, this is likely to slow growth of the Global Insecticides Market in these regions.
Global Insecticides Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Insecticides Market Dynamics
Insecticides Market Driver
- Improved Agricultural Productivity
High-yield seed varieties, sophisticated irrigation techniques, and agricultural pesticides like insecticides are used to increase agricultural production. In the majority of nations, output and productivity have greatly increased. By minimising disease and insect losses that lower the amount of harvestable crop, insecticides have played a crucial role in the process.
Insecticides Market Restraint
- Strictly Government Regulations
Chemicals known as insecticides stop insects in their tracks throughout various phases of development. These control plant development in a variety of food crops. Insecticides have been linked to health and environmental problems, though. For instance, agricultural soil erosion makes it possible for insecticides to enter waterbodies, which in turn affects aquatic life. As a result, adverse environmental effects and strict government laws pertaining to the use of insecticides may restrains the market growth.
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Global Insecticides Market Competitive Landscape
Global Insecticides Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Insecticides Market Top Player's Company Profiles
- Adama Agricultural Solutions
- American Vanguard Corporation
- BASF SE
- Bayer Cropscience
- ChemChina
- Corteva Agriscience
- FMC Corporation
- Gharda Chemicals Limited
- Jiangsu Yangnong Chemical Group Co. Ltd.
- Lanxess AG
- Nufarm Limited
- PI Industries Limited
- Rallis India Limited
- Sinochem Group
- Sumitomo Chemical Company Limited
- Syngenta AG
- UPL Limited
- Valent BioSciences LLC
- WinField United
- Zhejiang Wynca Chemical Industry Group Co. Ltd.
Insecticides Market Recent Developments
- In April 2022, BASF SE launched Exponus insecticide which helps Indian farmers to protect the crops and boost the productivity.
- In March 2021, Corteva Agriscience expanded the R&D center in Germany to strengthen crop protection studies and develop insect-resistant varieties.
- In February 2021, Syngenta Crop Protection collaborated with an artificial intelligence (AI) company, Insilico Medicine, to increase the invention and development of new, more effective crop protection solutions that protect crops from diseases and pests.
Global Insecticides Key Market Trends
- Increasing investments in R&D of biological insect control products influenced the demand for biological insecticides. Farmers’ gradual transition to eco-friendly, natural pesticides and bioinsecticides is fueling demand for these products in market. In light of shrinking farmland, increased agricultural productivity is required. Major players need to introduce innovative eco-friendly products to fulfill farmers demand.
Global Insecticides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Insecticides Market analysis, among region Asia Pacific is expected to capture higher market share, the growth of the region is attributed to rising agricultural activity in developing nations. China and India has emerged as a significant contributor to market growth in Asia Pacific region. In terms crop type, the cereal and grains type segment dominates the insecticides market. This segment's leading position can be attributed to their high vitamin and mineral content and extensive use in animal feed. In terms of formulation, the Emulsifiable concentrate led the market and is predicted to grow at the fastest rate.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.72 billion |
| Market size value in 2031 | USD 13.08 billion |
| Growth Rate | 4.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Insecticides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Insecticides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Insecticides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Insecticides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Insecticides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Insecticides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Insecticides Market Report Snapshots
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