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

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).

Pesticides used to destroy insects that harm crops are referred to as insecticides. There are different types of insecticides available in the market, including organic insecticide, inorganic insecticide, repellants, and non-repellents. These insecticide products are widely utilised in home, industrial, medical, and agricultural purposes.

One of the key factors fueling the expansion of the insecticides market is the growing need to meet customers’ rising food demand as a result of the world's growing population. The need to ensure food quality in the agricultural sector, expanding regulatory interventions for safe farming practices and farming culture, and the need for increased food security all contribute to the market expansion for pesticides. The insecticides market is also influenced by an increase in the usage of pesticides to boost crop production and quality while decreasing losses brought on by insects.

The insecticides market is positively impacted by factors such declining arable land, adoption of modern farming methods, improved agrochemical goods, developing technology, and high returns on investment. Additionally, the penetration of integrated pest management, increasing demand in developing countries, and research and development initiatives to launch new products provide profitable prospects to the insecticides market players throughout the projection period.

US Insecticides Market is poised to grow at a sustainable CAGR for the next forcast year.