Insecticides Market is Expected to Increase around US$ XX Mn by 2025, Due to Increase in the Demand for Crop Protection for Better Yields

Insecticides Market is Expected to Increase around US$ XX Mn by 2025, Due to Increase in the Demand for Crop Protection for Better Yields

“The Insecticides Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased demand for crop protection for better yields, increase in global population coupled with surge in demand for food, and increase in the use of organophosphate pesticides due to rise in prevalence of crop infections.

Precision Business Insights (PBI) in its report titled “Insecticides Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The insecticides market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased demand for crop protection will create demand for insecticides market. Rising focus towards the eradication of crop production losses and increase the nutritional qualities of the product is further expected to aid market growth in the coming years.

Insecticides market is segmented on the basis of application, type, crop type, formulation and region.

Organochlorine Segment Expected to Dominate the Market

Based on type, the insecticides market is segmented as pyrethroids, organophosphorus, carbamates, organochlorine, and botanicals. On the basis of type, the organochlorine segment is projected to grow at the fastest growth rate from 2019 to 2025. With the increasing demand for organochlorine insecticides, their consumption is increasing as they remain effective against targeted pests for prolonged periods.

Spray Segment is Expected to Dominate the Revenue Share.

Based on application market is segmented into spray, soil treatment, seed treatment, post-harvest. Sprays were most widely used form of the insecticides. Sprays help insecticides penetrate plant cuticle, thereby having a major effect on the destruction of pests. The absence of effective spray options severely limit crop productivity.
Asia-Pacific, Accounts for Major Revenue Share for Insecticides Market

Precision Business Insights (PBI), insecticides market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Asia Pacific accounted for major revenue share due to increased demand for insecticides in Asia Pacific region. Asia-Pacific dominates the global market over the other regions both in terms of value and volume. One of the prime factors for the market dominance of the Asian region is the limited usage of insecticides in the production of crops in both North America and Europe, as these regions are focusing on harvesting genetically modified crops. Secondly, especially in India, tropical weather and high volume of production of cereals such as paddy, cotton and others are major driving factors for the market of insecticides.

Investments in R&D and New Product Launch Play Vital Role in Insecticides Market

The increased R&D investment from research organizations, pharmaceutical companies and biotech companies are expected to create demand for insecticides market. The companies are focused on ‘new product launch’ to enhance their market share. In 2014, DOW Agroscience launched two insecticides, namely, ‘Sequoia’ and ‘Closer’. Bayer Cropscience has also launched a new insecticide, called ‘Sivanto’.
Key players in the market include Bayer AG, Cheminova A/S, Syngenta AG, BASF FMC Corporation, Adama Agricultural Solutions Ltd, Monsanto, DOW Agroscience LLC, Nufarm Ltd, and Du Pont.
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Detailed Segmentation

By Application Type

o Foliar spray
o Soil treatment
o Seed treatment
o Post-harvest

By Type

o Pyrethroids
o Organophosphorus
o Carbamates
o Organochlorine
o Botanicals

By Crop Type

o Cereals & grains
o Oilseeds & pulses
o Fruits & vegetables

By Formulation

o Wettable powder
o Emulsifiable concentrate
o Suspension concentrate
o Oil emulsion in water
o Microencapsulated suspension
o Granules

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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152 – 160 City Road,
London EC1V 2NX

This release was published on openPR.