Press release
Insecticides Market to Reach USD 18.5 B by 2030 at ~5.9% CAGR
Insecticides Market
According to Grand View Research, the global Insecticides Market was valued at approximately USD 11.75 billion in 2022 and is projected to reach around USD 18.54 billion by 2030, growing at a CAGR of roughly 5.9% during 2023-2030
Other market estimates include:
USD 9.12 B in 2022 rising to USD 13.08 B by 2030 at 4.6% CAGR
USD 21.38 B in 2024 growing to USD 34.74 B by 2033 at 5.43% CAGR
USD 20.17 B in 2024 to USD 33.5 B by 2034 at 5.3% CAGR
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◉ Market Overview & Growth Drivers
The insecticides market is driven by rising food demand, pest resistance, and climate change-induced pest proliferation, exacerbating crop damage and increasing demand for pest-control protection (~40% annual crop loss)
Synthetic insecticides dominate the market (~63-84% share), while biological/organic insecticides represent the fastest-growing segment (CAGR ~10.7%) driven by environmental sustainability imperatives
◉ Competitive Landscape
Major global players include Bayer AG, Syngenta Group, BASF SE, Corteva Agriscience, FMC Corporation, UPL Limited, AMVAC Chemical Corporation, Nufarm Ltd., Adama Agricultural Solutions, and Bioworks, Inc.
◉ Regional Demand & Higher Growth Region
Asia‐Pacific holds the largest regional share (~57% in 2022) and remains the fastest-growing region, led by India, China, Japan, and Southeast Asia
North America is forecast to grow at around 5.45-5.5% CAGR, supported by precision agriculture and continued adoption of crop-protection chemicals
Europe demonstrates steady market expansion with increasing regulatory pressure favoring bio‐based insecticides and IPM frameworks
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◉ COUNTRY‐SPECIFIC INSIGHTS
Vietnam Opportunity Growth
Vietnam's agriculture relies heavily on pest control to support staple exports. Emerging interest in safer biopesticides and precision sprayer adoption positions the country for growth.
Thailand Trends Growth
Thailand's high-value fruit and rice sectors drive demand for systematic and contact insecticides, along with rising adoption of precision application methods and technology-driven distribution.
Japan Consolidation Growth
Japanese agrochemical firms partner with global majors (e.g., Sumitomo Chemical, Syngenta) to tailor formulations for packaging, regulatory standards, and IPM-driven application across rice and vegetables.
South Korea Updation Innovation
South Korea invests in drone‐based and chemigation-based precision delivery systems, aligning with digital pest-management strategies and sustainable insecticide practices.
Singapore Benchmarking Opportunity
Singapore's agriculture is limited in scale but serves as a hub for sustainable pest management initiatives, precision delivery trials, and urban farming solutions.
United States Consolidation Trends
Corteva Agriscience and FMC Corporation face pressure from unit pricing and volumes; they continue consolidations and R&D investments amid stagnant demand trends. Corteva reported stabilization following a slump in insecticide demand, while FMC expects production and inventory realignment in 2025
China Growth in Trends
China remains a global leader in insecticide manufacturing and consumption, underpinning world market share, while pushing to adopt greener biopesticides and stricter IPM policies.
Opportunity & Compliance in Europe
European Union regulations emphasize reducing chemical residues, accelerating the shift toward biopesticides, IGRs, and precision application systems in Germany, France, and Spain.
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-insecticides-market/29541/
◉ Insecticides Market Segment Analysis:
by Crop Type
1. Cereals & grains
2. Oilseeds & pulses
3. Fruits & vegetables
4. Other crop types
by Type
1. Pyrethroids
2. Organophosphorus
3. Carbamates
4. Organochlorine
5. Botanicals
6. Other types
by Formulation
1. Wettable powder
2. Emulsifiable concentrate
3. Suspension concentrate
4. Oil emulsion in water
5. Microencapsulated suspension
6. Granules
7. Other formulations
by Form
1. Sprays
2. Baits
3. Strips
◉ Mergers & Acquisitions & Partnerships
UPL Limited strengthened its global generic agrochemical position by acquiring Arysta LifeScience in 2019, making it one of the top insecticide manufacturers globally
Adama Agricultural Solutions, now under the Syngenta Group's umbrella via ChemChina, continues expanding production and R&D footprint globally
◉ Key Recent Developments
Corteva reported demand stabilization after a slump in insecticides and fungicides post‐2023; however pricing pressures remain significant in Latin America, particularly Brazil
FMC shares fell sharply due to weak future outlook and high inventory levels amid patent expirations and competitive pressure in its insecticide lines
The rise of precision agriculture technologies-including drone spraying, GPS-guided applicators, and AI-enabled pest detection-is modernizing insecticide application methods in APAC and North America
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◉About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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