What is the global market size of Insecticides Market?

Global Insecticides Market size was valued at USD 8.72 billion in 2021 and is poised to grow from USD 9.12 billion in 2022 to USD 13.08 billion by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

Insecticides Market Size, Share, Growth Analysis, By Type(Pyrethroids, Organophosphorus, Carbamates, Organochlorine), By Crop Type(Cereals & grains, Oilseeds & pulses, Fruits & vegetables), By Formulation(Wettable powder, Emulsifiable concentrate, Suspension concentrate, Oil emulsion in water), By Form(Sprays, Baits, Strips), By Origin(Synthetic pesticide and bioinsecticide), By Insect Pest Type(Sucking Pest Insecticide and Biting and Chewing Pest Insecticide), By Application(Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables), By Region - Industry Forecast 2024-2031

Report ID: SQSG15C2010 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 201 | Figures: 80

Insecticides Market News

In April 2022, BASF SE launched Exponus insecticide which helps Indian farmers to protect the crops and boost the productivity.
In March 2021, Corteva Agriscience expanded the R&D center in Germany to strengthen crop protection studies and develop insect-resistant varieties.
In February 2021, Syngenta Crop Protection collaborated with an artificial intelligence (AI) company, Insilico Medicine, to increase the invention and development of new, more effective crop protection solutions that protect crops from diseases and pests.

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Global Insecticides Market size was valued at USD 8.72 billion in 2019 and is poised to grow from USD 9.12 billion in 2023 to USD 13.08 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

Global Insecticides Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Adama Agricultural Solutions', 'American Vanguard Corporation', 'BASF SE', 'Bayer Cropscience', 'ChemChina', 'Corteva Agriscience', 'FMC Corporation', 'Gharda Chemicals Limited', 'Jiangsu Yangnong Chemical Group Co. Ltd.', 'Lanxess AG', 'Nufarm Limited', 'PI Industries Limited', 'Rallis India Limited', 'Sinochem Group', 'Sumitomo Chemical Company Limited', 'Syngenta AG', 'UPL Limited', 'Valent BioSciences LLC', 'WinField United', 'Zhejiang Wynca Chemical Industry Group Co. Ltd.'

Improved Agricultural Productivity

Increasing investments in R&D of biological insect control products influenced the demand for biological insecticides. Farmers’ gradual transition to eco-friendly, natural pesticides and bioinsecticides is fueling demand for these products in market. In light of shrinking farmland, increased agricultural productivity is required. Major players need to introduce innovative eco-friendly products to fulfill farmers demand.

Asia Pacific region dominated the global market in 2021 and also it is faster growing region, due to rising agricultural activity in developing nations like China and India. Due to the country’s extensive production of agricultural products including cotton, sugarcane, and cotton, India is expected to experience tremendous growth. Over the course of the forecast period, the insecticides market is projected to be driven by increased food demand and an ageing population.

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