Crop Protection Insecticides Market Analysis - Industry Forecast 2024 | Beyer, BASF, DuPont, Mostanto, Iharabras, Arysta Lifesciences, Dow Agrosciences, Marrone Bio Innovations

Global Crop Protection Insecticides Market size growth driven by rising necessity to produce high quality yields with increasing demand for food. Growing population worldwide and decrease in arable land, escalated the demand for synthesized insect repellent. There has been a rise in demand for safety and quality of food. On an average, around 30-40% of the harvest is lost because of infestation of insects and diseases, that result in loss of overall production. Hence, to reduce the wastage and meet growing demand, application of fly spray has increased and in turn boosted the crop protection insecticides market.

New technological advancement in the pest management and procedures, increased the efficiency of insect repellents. This is expected to boost the product demand over the forecast period. The insect repellent composed of synthetic chemicals used to save harvests from insects and find their application in agriculture and medicine industries. These include larvicides and ovicides that are used to prevent from insect larvae and eggs respectively.

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On the basis of origin, the crop protection insecticides are classified as synthetic and biological. As of now, the synthetic insect repellent has the major industry share but biological insecticides are gaining market share owing to their environment friendly and less toxic nature. Organic farming practices are expected to fuel biological crop protection insecticides industry growth.

Based on type of activity, crop protection insecticides market classified as systematic and contact. The systematic type depends on ingestion of insecticide while the contact type depends on direct contact. Performance of contact type can be improved with quality and method of application. The contact type insect repellent has the major share as they are more effective.

Depending on basis of form, crop protection insecticides market is classified as liquid and solid. The liquid form has significant industry share as it is easy to apply and user friendly. Based on crop type, it is classified as cereals & oilseeds, foods & vegetables and others that includes plantation yields, sugarcane etc.

As per mode of application, the crop protection insecticides market is classified as foliar spray, soil treatment, seed treatment and fumigation. The foliar spray has major industry share owing to ease of application. Seed treatment has witnessed significant growth as the plant itself manufactures protein that kills insects on consumption and reduces efforts.

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Latin America led by Brazil and Argentina has major share in crop protection insecticides market owing to increasing population and expansion of farmlands. Further, increasing awareness among farm cultivators regarding product benefits will fuel industry growth.

The key players of crop protection insecticides market include Beyer, BASF, DuPont, Mostanto, Iharabras, Arysta Lifesciences, Dow Agrosciences, Marrone Bio Innovations. The strategy adopted by BASF for market capture is formulation of modern technology, using new active ingredients and entrepreneurial partnership with companies like Monsanto.

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