Insecticide Market Business overview, Upcoming Trends, Growth, Analysis and Forecast - 2028

The global insecticide market is anticipated to grow at a CAGR of nearly 5.0% during the forecast period (2022- 2028).

Insecticides are the type of pesticides used to kill crop-damaging insects. They include ovicides and larvicides used against insect eggs and larvae respectively. Insecticides play an important role in crop production. In every agricultural company, insecticides are the driving force for the growth of the global insecticides market. There is an increase in demand for professional pest management products is in turn, accelerating the growth of the market. Strict regulations with respect to insecticides and high costs associated with molecule development can act as a barrier to the market in the years to come.

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The market is segmented based on the insecticide type and crop type. Based on the insecticide, the market is sub-segmented into systemic insecticides, contact insecticides, biological insecticides, ingested insecticides, organic insecticides, and natural insecticides. Systemic insecticides become incorporated and distributed systemically throughout the whole plant. When insects feed on the plant, they ingest the insecticide. Contact insecticides are toxic to insects upon direct contact. Biological insecticides are also known as biopesticides which are pesticides made from natural materials that are meant to kill or control insects. Ingested Insecticides act like bullets that aim only at a particular target to kill insects. The organic insecticide is a pesticide that uses only natural components to kill bugs. In many cases, organic materials used to repel insects are also called organic insecticides. Natural insecticides contain chemical, mineral, and biological materials and some products are available commercially, such as pyrethrum, neem, spinosad, rotenone, and many more.

Some major companies in the market include BASF SE, Bayer AG, and Syngenta Crop Protection AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2019, BASF SE introduced Vebtigra insecticide, an excellent resistance management tool for nursery and greenhouse growers, providing precision-targeted pest management of piercing-sucking insects such as whiteflies, aphids, mealybugs, and scales. Additionally, in March 2019, Bayer AG launched Fludora Fusion, the world's first combination indoor residual spray insecticide in Africa to support fight insecticide-resistant strains of malaria.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Insecticide Type
o By Crop Type

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

Competitive Landscape- BASF SE, Bayer AG, and Syngenta Crop Protection AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?

Global Insecticide Market Report by Segment

By Insecticide Type
• Systemic Insecticide
• Contact Insecticide
• Biological Insecticide
• Ingested Insecticide
• Organic Insecticide
• Natural Insecticide

By Crop Type
• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses
• Others

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This release was published on openPR.