USD 8.72 billion
Report ID:
SQSG15C2010 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
201
|Figures:
80
Global Insecticides Market size was valued at USD 8.72 billion in 2022 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.
Global Market Size
USD 8.72 billion
Largest Segment
Oilseeds & pulses
Fastest Growth
Cereals & Grains
Growth Rate
4.6% CAGR
To get more reports on the above market click here to Buy The Report
Global Insecticides Market is segmented by Type, by Crop type, by Formulation, by Form, by Mode of Application and by Region. Based on Type, the market is segmented into Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals, Other types. Based on Crop type, the market is segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables, and other crop types. Based on Formulation, the market is segmented into Wettable powder, Emulsifiable concentrate, Suspension concentrate, Oil emulsion in water, Microencapsulated suspension, Granules, and other formulations. Based on Form, the market is segmented into Sprays, Baits, Strip. Based on End User, the market is segmented into Foliar Spray, Soil Treatment, Post Harvest, and Seed Treatment. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Insecticides Market Driver
Improved Agricultural Productivity
Insecticides Market Restraint
Strictly Government Regulations
Request Free Customization of this report to help us to meet your business objectives.
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
Insecticides Market Recent Developments
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 2022 | USD 8.72 billion |
Market size value in 2031 | USD 13.08 billion |
Growth Rate | 4.6% |
Base year | 2023 |
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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Insecticides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQSG15C2010
sales@skyquestt.com
USA +1 351-333-4748