Insecticides Market Size to Reach $37.03 Billion by 2029 | Growth at 9.3% CAGR Forecast

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What is the Projected Market Size of the Insecticides Industry?
In recent years, the size of the insecticides market has seen substantial growth. Currently projected to rise from $23.63 billion in 2024 to $25.92 billion in 2025, it will have a compound annual growth rate (CAGR) of 9.7%. The historical growth pattern signifies the importance of several factors such as public health issues, technological progression, the role of antiviral drugs, and pandemic readiness.

What Will Be the Size of the Insecticides Market by 2029?
In the foroming years, the insecticides market is anticipated to witness robust expansion. The estimated growth is expected to hit $37.03 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%. The predicted surge during this period can be attributed to ongoing seasonal flu, point-of-care testing, and the rise in remote and home testing along with digital health integration. Noteworthy trends projected for this period encompass point-of-care testing, molecular diagnostics, antigen-based tests, multiplex assays as well as advancements in automation and robotics.

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What Are the Key Drivers Accelerating Growth in the Insecticides Market?
With the world population projected to hit 10 billion by 2050, the insecticide market stands to see considerable expansion. As population numbers climb, so too does the demand for food, necessitating increased crop production, expanded farming activities, and greater trade volumes. It's anticipated that both independent farmers and commercial farming businesses will seek out more arable land for crop production, thereby escalating demand for herbicides. As food demand potentially skyrockets between 59% and 98%, farmers will need to amplify agricultural productivity utilizing fertilizers and state-of-the-art farming technologies. Consequently, the burgeoning demand for food driven by the expanding global population will spur on the growth of the insecticide market.

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How Is the Insecticides Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Insecticides Market?
Significant players in the insecticides market, such as BASF SE, are making strategic moves like the introduction of now products, for instance, Exponus, to assist Indian farmers in safeguarding their crops from harmful insect pests. Launched in India in April 2022, Exponus is a potent, adaptable insecticide capable of managing a variety of insect pests in a broad set of crops at different stages. Since Exponus is a low-use insecticide, it allows farmers to use less quantity while ensuring effective pest elimination, thereby reducing the environmental effects of crop protection measures. Apart from being strong and versatile, it is a prompt product that aids farmers in enhancing crop safety, minimizing expenses, and promoting sustainable farming.

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Who Are the Leading Companies Driving Growth 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 Is the Leading Region in the Global Insecticides Market?
Asia-Pacific was the largest region in the insecticides market in 2024. 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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This release was published on openPR.