Insecticides Market Trend, Share, Growth, Size and Forecast 2030

Insecticides Market

Insecticides Market by Product (Pyrethroids, Neonicotinoids, and Methyl Carbamates, Organophosphates, and others) By Crop Type (Cereals and grains, Oilseeds & pulses, Fruits & vegetables, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 130 Report Code: ZMR-108 Published Date: Jul-2021 Status : Published

The global insecticides market was USD 3.0 Billion in 2020 and is predicted to reach USD 4.6 Billion by 2028, increasing at 5.5% between 2021 and 2028.

Market Overview                     

The global Insecticides market accounted for USD 3.0 Billion in 2020 and is expected to reach USD 4.6 Billion by 2028, growing at a CAGR of around 5.5% between 2021 and 2028.           

Insecticides are used to kill the crop damaging insects. These are many types of insecticides available in the market are organic insecticide, repellants and non- repellant, inorganic insecticide, among others. It finds an array of application such as Agriculture, medical, Industrial, house -holds uses and so on.

Organophosphate leads the market in terms of both revenue and consumption owing to its cost effectiveness as well as its ability to be applied on wide range of crops and targeted crops.

Increasing acquisitions and mergers is also one of the reasons for the development of the global insecticides market. For instance, on October 1, 2014, ADAMA Agricultural Solutions Ltd. (previously dubbed as Makhteshim Agan Industries) and CNAC (China National Agrochemical Corporation), declared the inking of a definitive deal for Adama to purchase control of businesses in China with total sales of almost $850 Billion. Now, CNAC is a strategic business unit of ChemChina (China National Chemical Corporation) and is parent company of Adama. This merger had a towering affect on the development of the global insecticides market.

COVID-19 Impact Analysis:

The restrictions imposed by various nations to contain COVID had stopped the demand and supply resulting in a disruption across the whole supply chain. It has led to either closure or suspension of their production activities in most industrial units across the globe. Furthermore, the global economy was deeply impacted by implementation of lockdown, as many activities came to halt. The Insecticides market saw a decline in its growth as the covid-19 outbreak progressed. This is attributed to the fact that research and development activities in the manufacturing plants or development centre were halted as funds were being directed for sustaining economic unrest by many players. Moreover, the plant were shut down due to outbreak of coronavirus.  

However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year. The Insecticides market has been severely impacted by Covid-19 pandemic. This is attributed to stringent regulation of economies across the globe to maintain lockdown, and due to social distancing norms, manufacturer are unable to operate at full strength which has led to decrease in production supply.

Request Free Sample

Growth Factors

Increasing commercial pest management service sector and rising concerns of insect transferable diseases are some of the main boosters of the global insecticides market. Global increment of food demand owing to rising population is one of the primary reasons that power the growth of global insecticides market. Rising urbanization and lowering per capita farmland due to industrialization is additionally boosting the global insecticides market.

Report Scope:  

Request Free Sample

Segment Analysis Preview  

On the basis of typee, the Insecticides market is divided as Neonicotinoids, Pyrethroids, Organophosphates, Methyl Carbamates, Organophosphates and Others. Organophosphate segment is projected to dominate the insecticides market during the forecast period. It is used in agriculture, homes, gardens, and veterinary practices; however, several organophosphates have been discontinued for use in the past decade

Based on Crop Type, the Insecticides market is additionally segmented into Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Cereals & grains segment is projected to dominate the insecticides market during the forecast period.

Request Free Sample

Regional Analysis Preview  

Asia pacific rules the global insecticides market and added up for over 40% share of the global insecticides market in 2020. Insecticides are broadly employed to control insects in Asia Pacific. This is because the area is a tropical region that provides the favorable conditions for growth of the insect. Asia pacific was chased by Europe and North America in terms of in general income created. The Middle East & Africa and Latin America are also likely to experience decent development for global insecticides market in the years to come.

Request Free Sample

Key Market Players & Competitive Landscape

The major players operating Insecticides market are Adama Agricultural Solutions Ltd, BASF SE, Bayer Cropscience AG, DuPont, FMC Corporation, Cheminova AS, DOW Agroscience LLC, and Syngenta AG.

The global Insecticides market is segmented as follows:

By Product

  • Pyrethroids
  • Neonicotinoids
  • Methyl Carbamates
  • Organophosphates
  • Others

By Crop Types     

  • Cereals and grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Insecticides market was valued at USD 3.0 Billion in 2020.

The global Insecticides market is expected to reach USD 4.6 Billion by 2028, growing at a CAGR of 5.5% between 2021 to 2028.

Some of the key factors driving the global Insecticides market growth are Increasing commercial pest management service sector and rising concerns of insect transferable diseases. 

Asia pacific rules the global insecticides market and added up for over 40% share of the global insecticides market in 2015. Insecticides are broadly employed to control insects in Asia Pacific. This is because the area is a tropical region that provides the favorable conditions for growth of the insect. Asia pacific was chased by Europe and North America in terms of in general income created.

Some of the major players of global Insecticides market includes Adama Agricultural Solutions Ltd, BASF SE, Bayer Cropscience AG, DuPont, FMC Corporation, Cheminova AS, DOW Agroscience LLC, and Syngenta AG.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed