Insecticides Global Market Report 2024

Description

“Insecticides Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on insecticides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for insecticides? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The insecticides market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Synthetic Insecticides; Bio-insecticides
3) By Form: Sprays; Baits; Strips
2) By Application: Cereals and Grains; Oilseeds & Pulses; Fruits & Vegetables; Other Applications
Companies Mentioned: Adama Agricultural Solutions Ltd.; American Vanguard Corporation; BASF SE; Bayer CropScience AG; FMC Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Insecticides are substances employed to eradicate insects, which include ovicides and larvicides, designed for insect eggs and larvae, respectively. These are utilized to manage pests that negatively impact cultivated crops. Insecticides function by either disrupting the nervous system or causing damage to exoskeletons.

The primary categories of insecticides encompass synthetic insecticides and bio-insecticides. Synthetic insecticides serve as the primary means of insect control. In general, they readily infiltrate insects and are detrimental to a wide array of species. Common formulations of insecticides include sprays, baits, and strips, which find application in various contexts, such as cereals, grains, oilseeds, pulses, fruits, vegetables, and more.

The insecticides market research report is one of a series of new reports from The Business Research Company that provides insecticides market statistics, including insecticides industry global market size, regional shares, competitors with an insecticides market share, detailed insecticides market segments, market trends and opportunities, and any further data you may need to thrive in the insecticides industry. This insecticides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 increase during the historical period can be credited to agricultural intensification, expansion of crops, public health considerations, and the implementation of strategies for managing pesticide resistance.

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 expansion anticipated in the forecast period can be linked to factors such as the global population's growth, the influence of climate change, the adoption of integrated pest management (IPM), and the emergence of new pest challenges. Noteworthy trends in this period encompass the adoption of sustainable insecticides, the integration of precision application technologies, the utilization of biological pest control, and a focus on residue and food safety.

The global population is on the rise and is projected to reach 10 billion by the year 2050. This growth is expected to have a significant impact on the insecticide market. The increasing population will lead to a higher demand for food, necessitating an expansion in crop production, farming activities, and trade volumes to meet this growing need. Furthermore, farmers and commercial farming enterprises will seek to acquire more arable land to increase crop production, thereby driving up the demand for herbicides. To meet the potential increase in food demand, which may rise from 59% to 98%, farmers will need to enhance agricultural productivity through the use of fertilizers and advanced farming technologies. Consequently, the heightened demand for food due to the expanding population will promote the growth of the insecticide market.

The growth of the insecticide market is also expected to be fueled by escalating crop losses. Crop losses refer to the reduction in the quantity or quality of agricultural crops due to a variety of factors, including natural disasters, pests, diseases, adverse weather conditions, and other unfavorable events. Such crop losses create a need for pest control to safeguard crops, leading to an increased reliance on insecticides by farmers to limit damage and ensure successful harvests. For instance, in June 2021, a report from the Food and Agriculture Organization, an Italy-based specialized agricultural agency, revealed that up to 40% of the world's food yield is lost to pests annually. Plant diseases account for over $220 billion in annual losses, and invasive insects contribute at least $70 billion to the global economy. Consequently, the surge in crop losses is propelling the growth of the insecticide market.

The growth of the agrochemicals market is likely to be constrained by concerns raised by environmentalists and eco-friendly organizations. The use of insecticides can pose significant health risks to humans, animals, and the environment. For example, in the United States, beekeepers have reported annual hive losses of approximately 30% over the past decade, primarily attributed to the increased use of insecticides in the country. Thus, the heightened awareness of the diseases and problems associated with insecticides is expected to negatively impact the market's growth in the foreseeable future.

Major companies in the insecticides market are directing their efforts towards product launches, such as the introduction of Exponus insecticide, designed to assist Indian farmers in protecting their crops from key insect pests. Exponus is a potent and versatile insecticide capable of controlling a wide range of insect pests in various crops and growth stages. For example, in April 2022, BASF SE, a Germany-based chemical company, introduced Exponus insecticide in India to aid Indian farmers in crop protection and productivity enhancement. Notably, Exponus is a low-use insecticide, allowing farmers to apply lower doses while achieving effective pest control, thereby reducing the environmental impact of crop protection practices. This product offers a quick and powerful solution for farmers to enhance crop protection, reduce costs, and promote sustainable agriculture.

Leading companies operating in the insecticides market are also focusing on product innovations, including the development of liquid multi-insecticides to help farmers manage pests and secure their livelihoods. Liquid multi-insecticides are formulated to control multiple types of insects and are available in liquid concentrate form that can be mixed with water and applied using various application methods. For instance, in January 2021, Bayer AG, a Germany-based pharmaceutical company, launched Vayego 200SC, a next-generation insecticide belonging to the diamide class. Vayego 200SC provides comprehensive control against caterpillar pests and offers translaminar and systemic activity for thorough protection. It maintains a favorable environmental profile with low toxicity to mammals and beneficial insects, making it a versatile and user-friendly choice for farmers.

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.

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.

The countries covered in the insecticides market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The insecticides market consists of the sales of organic insecticides, inorganic insecticides, and miscellaneous compounds. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r8962

1. Executive Summary

2. Insecticides Market Characteristics

3. Insecticides Market Trends And Strategies

4. Insecticides Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Insecticides Market Size and Growth

5.1. Global Insecticides Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Insecticides Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Insecticides Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Insecticides Market Segmentation

6.1. Global Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Synthetic Insecticides
Bio-insecticides
6.2. Global Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sprays
Baits
Strips
6.3. Global Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cereals and Grains
Oilseeds & Pulses
Fruits & Vegetables
Other Applications

7. Insecticides Market Regional And Country Analysis

7.1. Global Insecticides Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Insecticides Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Insecticides Market

8.1. Asia-Pacific Insecticides Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Insecticides Market

9.1. China Insecticides Market Overview
9.2. China Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Insecticides Market

10.1. India Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Insecticides Market

11.1. Japan Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Insecticides Market

12.1. Australia Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Insecticides Market

13.1. Indonesia Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Insecticides Market

14.1. South Korea Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Insecticides Market

15.1. Western Europe Insecticides Market Overview
15.2. Western Europe Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Insecticides Market

16.1. UK Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Insecticides Market

17.1. Germany Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Insecticides Market

18.5. France Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Insecticides Market

19.9. Italy Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Insecticides Market

20.13. Spain Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Insecticides Market

21.1. Eastern Europe Insecticides Market Overview
21.2. Eastern Europe Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Insecticides Market

22.1. Russia Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Insecticides Market

23.1. North America Insecticides Market Overview
23.2. North America Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Insecticides Market

24.1. USA Insecticides Market Overview
24.2. USA Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Insecticides Market

25.1. Canada Insecticides Market Overview
25.2. Canada Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Insecticides Market

26.1. South America Insecticides Market Overview
26.2. South America Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Insecticides Market

27.1. Brazil Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Insecticides Market

28.1. Middle East Insecticides Market Overview
28.2. Middle East Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Insecticides Market

29.1. Africa Insecticides Market Overview
29.2. Africa Insecticides Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Insecticides Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Insecticides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Insecticides Market Competitive Landscape And Company Profiles

30.1. Insecticides Market Competitive Landscape
30.2. Insecticides Market Company Profiles
- 30.2.1. Adama Agricultural Solutions Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. American Vanguard Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. BASF SE
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Bayer CropScience AG
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. FMC Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

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

34.1 Insecticides Market In 2028 - Countries Offering Most New Opportunities
34.2 Insecticides Market In 2028 - Segments Offering Most New Opportunities
34.3 Insecticides Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer