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Insecticides Market Analysis, Trends, Growth, Research And Forecast 2033
Insecticides Market
The Business Research Company's Insecticides Global Market Report 2024 identifies the world population is growing as the major driver for the insecticides market's growth in the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production, which is expected to increase the demand for herbicides. To meet the food demand that may rise from 59% to 98%, farmers have to increase agricultural productivity through fertilizers and advanced technologies in farming. Thus, the increase in demand for food for the growing population will promote the growth of the insecticide market.
The insecticides market size has grown strongly in recent years. It will grow from $21.74 billion in 2023 to $23.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to agricultural intensification, crop expansion, public health concerns, pesticide resistance management.
The insecticides market size is expected to see strong growth in the next few years. It will grow to $33.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to global population growth, climate change impact, integrated pest management (ipm), emerging pest threats. Major trends in the forecast period include sustainable insecticides, precision application technologies, biological pest control, residue and food safety.
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Major competitors in the insecticides market are Adama Agricultural Solutions Ltd., American Vanguard Corporation, BASF SE, Bayer CropScience AG, FMC Corporation, NuFarm Limited, Syngenta International AG, Sumitomo Chemical Co. Ltd., Monsanto Company, Arysta LifeScience Corporation, Syngenta AG, Corteva Inc., UPL Limited, Kumiai Chemical Industry Co. Ltd., Nissan Chemical Corporation, Isagro SpA, Albaugh LLC, Sinochem Corporation, Rotam CropSciences Ltd., Gharda Chemicals Limited, Meghmani Organics Ltd., PI Industries Ltd., Crystal Crop Protection Pvt. Ltd., Insecticides India Limited, Dhanuka Agritech Limited, Bharat Rasayan Ltd., Indofil Industries Limited, Meghmani Finechem Limited, Marrone Bio Innovations Inc., Certis USA LLC, Valent BioSciences LLC, BioWorks Inc., Gowan Company LLC, Sipcam Agro USA Inc., AMVAC Chemical Corporation, Nichino America Inc., OHP Inc.
A key trend in the insecticides market includes technological advancement. Major companies operating in the insecticides market are focusing on product launches, such as Exponus insecticide, to help Indian farmers protect their crops from key insect pests. Exponus is a powerful and versatile insecticide that can control a wide range of insect pests in different crops at different stages. For instance, in April 2022, BASF SE, a Germany-based chemicals company, launched Exponus insecticide in India to help Indian farmers protect their crops from key insect pests and boost their productivity. Exponus is a low-use insecticide, which means that farmers can apply lower doses to achieve effective pest control. This helps to reduce the environmental impact of crop protection practices. Moreover, it is a powerful, quick, and versatile insecticide that can help farmers improve crop protection, reduce costs, and achieve sustainable agriculture.
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The insecticides market is segmented -
• By Type: Synthetic Insecticides, Bio-insecticides
• By Form: Sprays, Baits, Strips
• By Application: Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the insecticides market.
The Business Research Company's "Global Insecticides Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Insecticides Market Include:
1. Executive Summary
2. Insecticides Market Characteristics
3. Insecticides Market Trends And Strategies
4. Insecticides Market - Macro Economic Scenario
5. Global Insecticides Market Size and Growth
……
31. Global Insecticides Market Competitive Benchmarking
32. Global Insecticides Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Insecticides Market
34. Insecticides Market Future Outlook and Potential Analysis
35. Appendix
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