Insecticides Market 2021 Industry Insights And Opportunity 2027

Precision Business Insights published a research report on "Insecticides Market: By Type (Organophosphates, Pyrethroids, Organochlorine, Botanicals, Carbamates) By Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses) By Mode of Application (Soil Treatment, Foliar Spray, Post-Harvest, Seed Treatment) By Formulation (Wettable Powder, Suspension Concentrate, Granules, Microencapsulated Suspension, Emulsifiable Concentrate, Oil in water Emulsion) By Geography- Global/Region/Country Forecast to 2027", The global insecticides market was expected to valued USD 11.4 billion in the year 2020 and anticipated to value at USD 16.26 billion till 2027 witnessing a CAGR rate of 5.2% during the forecast period 2021-2027.

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Increasing Technologies in the Farming Segment will Propel Insecticides Market Growth
Insecticides are a kind of pesticides, which are used for killing the insect growth. These pesticides have the potent to kill the insects that damage the crop. Insecticides are available of different kinds such as organic and inorganic insecticide and repellant and non-repellant insecticide. There is growing demand from industrial, agriculture and medical sectors for insecticides. The insecticides market is categorized on the basis of different kinds of products such as neonicotinoidsn, methyl carbamate, pyrethroids and organophosphorus compounds. The insecticides market is categorized according to application mode, region, type, crop type and formulation.

Global insecticide market is mainly fuelled by rising technologies in the farming segment, increase in use of modern farming techniques and protected agricultural practices in different regions. Increasing concerns about the diseases which are transferred from insects to plants and growing preference towards implementing new insecticides are anticipated to impel the insecticides market growth. Moreover, huge population, growing pest management service industries and growing demand for food grains drive the insecticides market growth. On the other hand, dearth of consciousness about insecticides and toxic properties of insecticides will restrain the insecticides market growth.

Insecticides Market - Insecticides Market
Global insecticides market is classified into different prominent regions such as North America, Middle East, Asia pacific, Europe, Latin America and Africa. Asia pacific is anticipated to dominate the market share because of the major reliance on the agricultural economy, increase in food grains export, growing population and growing demand for agriculture products. North America holds a noteworthy place followed by Europe due to the high consumption of food grains, growing awareness about health amid customers, U.S is the biggest food grains producer and technological developments.

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Competitive Analysis
A few of the major players operating in Insecticides Market are Dow Chemical Company (U.S.), Monsanto Company (U.S.), DuPont (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), BASF SE (Germany), Sumitomo Chemical Company Ltd. (Japan), ADAMA Agricultural Solutions Ltd. (Israel) and United Phosphorus Limited (India). Major Key players in the market focus on adopting a few effective strategies such as collaborations, new product launches, mergers and new product approvals for the purpose of expanding their business and retaining their place in the market. For example, Mahindra Agri, Solutions launched an advanced insecticide, Tromph in August 2017. Bayer Crop Science India also launched a new insecticide, Temprid in May 2016 to control cockroaches.

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