2025 Insecticides Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Insecticides Market Size By 2025?
In recent times, the insecticides market has seen robust growth. The market, which stood at $24.23 billion in 2024, is predicted to expand to $26.63 billion in 2025. This translates to a compound annual growth rate (CAGR) of 9.9%. Factors that have contributed to its growth in the historic period include concerns about public health, technological progress, the advent of antiviral medications, and readiness for pandemics.

How Big Is the Insecticides Market Size Expected to Grow by 2029?
The market for insecticides is predicted to substantially ramp up in the coming years, exceeding to a valuation of $36.49 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.2%. The anticipated expansion during this forecast period is primarily due to the consistent occurrence of seasonal influenza, development of point-of-care testing techniques, surge in remote and home testing methods and integration of digital health. Key trends throughout this period encompass point-of-care testing, molecular diagnostics, antigen-based examinations, multiplex assay systems, and the implementation of automation and robotics.

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Which Key Market Drivers Powering Insecticides Market Expansion and Growth?
With projections forecasting the global population to ascend to 10 billion by 2050, the insecticide market is on track for substantial growth. The rise in population inherently spurs increased food demands. This, in turn, necessitates amplified crop production, farming activities, and trading volumes. Moreover, farmers and commercial farming corporations will likely augment their arable land ownership to boost crop yields, thereby driving demand for herbicides. As food requirements potentially surge from 59% to 98%, agricultural productivity enhancements through fertilizers and innovative farming technologies become imperative. Consequently, the burgeoning food needs of the expanding population are expected to fuel the growth trajectory of the insecticide market.

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Which Fast-Growing Trends Are Poised to Disrupt the Insecticides Market?
Leading firms within the insecticides industry are concentrating their efforts on launching new products, like the Exponus insecticide, as a means to aid Indian farmers in safeguarding their produce from significant insect pests. Exponus, an effective and adaptable insecticide, is capable of controlling a broad spectrum of insect pests across various crops at different growth stages. For example, in April 2022, Exponus insecticide was introduced in India by BASF SE, a chemicals company based in Germany, as a tool for Indian farmers to shield their crops from prevalent insect pests and enhance their yield. Exponus is a low-use insecticide, implying that it requires smaller amounts to effectively manage pests. This results in a reduced environmental footprint from crop protection measures. Furthermore, Exponus is an efficient, rapid, and flexible insecticide, enabling farmers to enhance crop defence, lower expenditure, and promote sustainable agriculture.

What Are the Emerging Segments in the Insecticides Market?
The insecticides market covered in this report is segmented -

1) By Type: Synthetic Insecticides, Bio-insecticides
3) By Form: Sprays, Baits, Strips
2) By Application: Cereals and Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications

Subsegments:
1) By Synthetic Insecticides: Organophosphates, Carbamates, Pyrethroids, Neonicotinoids, Insect Growth Regulators (IGRs), Other Synthetic Insecticides
2) By Bio-insecticides: Microbial Insecticides (Bacillus Thuringiensis), Botanical Insecticides (Neem, Pyrethrum), Biochemical Insecticides (Pheromones, Growth Regulators), Other Bio-insecticides

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Who Are the Global Leaders in the Insecticides Market?
Major companies operating in the insecticides market include 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.

Which are the Top Profitable Regional Markets for the Insecticides Industry?
Asia-Pacific was the largest region in the insecticides market in 2023. South America was the second-largest region in the global insecticides market. The regions covered in the insecticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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