The Business Research Company’s report on the Insecticides Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the insecticides market’s growth in recent years?
The world population is growing and is expected to reach 10 billion by 2050, which is expected to significantly boost the insecticide market. 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.
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How does the future projection of the insecticides market size compare to its historical growth?
The insecticides market size has grown strongly in recent years. It will grow from $24.23 billion in 2024 to $26.63 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to public health concerns, technological advancements, antiviral medications, pandemic preparedness.
The insecticides market size is expected to see strong growth in the next few years. It will grow to $36.49 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to continuing seasonal influenza, point-of-care testing, remote and home testing, digital health integration. Major trends in the forecast period include point-of-care testing, molecular diagnostics, antigen-based tests, multiplex assays, automation and robotics.
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Which key players are shaping the future of 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.
What trends will propel the growth and evolution of the insecticides market?
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.
Which regions are expected to become dominant players in the insecticides market?
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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What are the emerging key segments in the insecticides market, and how are they evolving?
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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How is the insecticides market defined?
Insecticides are substances that are used to kill insects, including ovicides and larvicides, which are used for insect eggs and larvae, respectively, to control pests that affect cultivated crops. Insecticides work by either disrupting the nervous system or damaging exoskeletons.
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