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Insecticides Market worth $ 18.4 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

11-15-2021 12:38 PM CET | Health & Medicine

Press release from: xResearch

According to a new report published by xResearch, titled, “Insecticides Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global insecticides market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The proliferating adoption of insecticides across various industry verticals and households; the burgeoning cases and concerns regarding insect transferable diseases and the soaring awareness among consumers regarding the adverse effects of vector-borne diseases and role of insects in spreading them; the increasing instances of crop losses due to insect infestation, and the growing demand for food security across the globe are among the major factors contributing to the growth of the global insecticides market.

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According to crop type, the cereals & grains segment held the largest share of the global insecticides market in 2020. The segment is expected to maintain this trend over the forecast period of 2021-2030. According to chemical composition, the organophosphate segment dominated the global insecticides market in 2020. The segment is estimated to retain its commanding position in the market during the forecast period owing to the increasing application of organophosphate across the globe. According to formulation, the emulsifiable concentrate segment garnered the largest share of the global insecticide market in 2020. The segment is predicted to retain its lead in the market over the forecast period. According to end-user, the agriculture segment is anticipated to achieve growth at the highest growth rate in the market during the forecast period.

Geographically, the Asia Pacific region led the global insecticides market in 2020, followed by North America and Europe. The region is anticipated to further maintain its lead in the market and also witness the fastest growth in the market during the period of 2021-2030. Countries such as India, China, Japan, and South Korea are among the key contributors to the Asia Pacific region. The North American region captured the second largest share of the global insecticides market in 2020 and is further estimated experience robust growth over the forecast period. Countries such as the U.S. and Canada are among the key contributors to the growth of the market in the region.

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Some of the major insecticides companies profiled in the report include Bayer CropScience, FMC Corporation, Nufarm Limited, Corteva Agriscience, Oxon Italia S.p.A, Syngenta AG, ADAMA Agricultural Solutions Ltd., BASF SE , E.I. DuPont De Nemours & Company and Cheminova A/S.

The global insecticides market is segmented into type, chemical composition, crop type, formulation, form, end-user and region. Based on type, the market is bifurcated into synthetic insecticides and nio-insecticides. Based on chemical composition, it is classified into pyrethroids, organophosphate, carbamates, organochlorine, botanical and other types. Based on crop type, it is classified into cereals & grains, oilseeds & pulses, fruits & vegetables and other crop types. Based on formulation, it is classified into wettable powder, emulsifiable concentrate, suspension concentrate, oil emulsion in water, microencapsulated suspension, granules and other formulations. Based on form, it is classified into sprays, baits and strips. Based one end-user, it is classified into agriculture, medicine, industrial sector and personal.

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The global insecticides market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Insecticides Market

• On the basis of crop type, the cereals & grains segment held the largest share of the global insecticides market in 2020 and is expected to maintain this trend over the forecast period of 2021-2030.
• On the basis of chemical composition, the organophosphate segment dominated the global insecticides market in 2020 and is estimated to retain its commanding position in the market during the forecast period.
• On the basis of formulation, the emulsifiable concentrate segment garnered the largest share of the global insecticide market in 2020 and is predicted to further retain its lead in the market over the forecast period.
• On the basis of end-user, the agriculture segment is anticipated to achieve growth at the highest growth rate in the market during the forecast period.
• On the basis of region, the Asia Pacific region led the global insecticides market in 2020, followed by North America and Europe. The region is anticipated to further maintain its lead in the market and also witness the fastest growth in the market during the period of 2021-2030.

Contact Us:
James Lin
420 Lexington Ave,
New York, NY 10170, US
Email: james.lin@xresearch.biz
Telephone: +1 718 618 4545
Website: www.xresearch.biz

About xResearch:
xResearch is a leading independent provider of strategic and analytical market research. We create data and analysis on thousands of products and services around the world. Our market research reports empower companies with strategic data, analysis and consumer trends in a single resource.

We unite the most profound insight over the vastest arrangement of capital-escalated businesses and markets. By interfacing information crosswise over factors, our analysts give our clients a wealthier, profoundly incorporated perspective of their industry. With experienced domain experts, xResearch strives to provide best solutions and accurate forecast which enables the client to take informed decisions.

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