Insecticides Market Trend, Share, Growth, Size and Forecast 2032

Global Insecticides Market Market Overview                     

The global Insecticides market accounted for USD 18.77 Billion in 2023 and is expected to reach USD 40.49 Billion by 2032, growing at a CAGR of around 8.92% between 2024 and 2032.           

Insecticides are used to kill the crop damaging insects. These are many types of insecticides available in the market are organic insecticide, repellants and non- repellant, inorganic insecticide, among others. It finds an array of application such as Agriculture, medical, Industrial, house -holds uses and so on.

Organophosphate leads the market in terms of both revenue and consumption owing to its cost effectiveness as well as its ability to be applied on wide range of crops and targeted crops.

Insecticides are specialty chemical products used to destroy or inhibit the growth of insects such as mites, ticks, spiders, rats and mice. Selective insecticides control particular targets while leaving the desired crop relatively unharmed. Pesticides are also used in agriculture, floriculture, horticulture, various industrial applications, and public health. Insecticides are used both in agriculture and within garden and homes.

However, most of the pesticides are hazardous to humans. Intense care has to be taken while using pesticides. Farmer must cover himself with a mask, gloves, and a coat to prevent any skin contact. In developed countries, farmers often use airplanes to spray insecticides to prevent any contact between the human body and the insecticides. This mechanism of airplanes also covers large farm area within a short span of time.  Farmers usually rent airplanes during farming season. Different type of insects requires different types of insecticides.

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Increasing acquisitions and mergers is also one of the reasons for the development of the global insecticides market. For instance, on October 1, 2014, ADAMA Agricultural Solutions Ltd. (previously dubbed as Makhteshim Agan Industries) and CNAC (China National Agrochemical Corporation), declared the inking of a definitive deal for Adama to purchase control of businesses in China with total sales of almost $850 Billion. Now, CNAC is a strategic business unit of ChemChina (China National Chemical Corporation) and is parent company of Adama. This merger had a towering affect on the development of the global insecticides market.

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Growth Factors

Increasing commercial pest management service sector and rising concerns of insect transferable diseases are some of the main boosters of the global insecticides market. Global increment of food demand owing to rising population is one of the primary reasons that power the growth of global insecticides market. Rising urbanization and lowering per capita farmland due to industrialization is additionally boosting the global insecticides market.

Insecticides demand has been growing gradually owing to the increasing need for better crop production and growing pest threat. Climate change is one of the major factors stimulating the growth of crop pests, crop diseases and weeds. Climate changes such as increase in temperature or water shortage result in the growth of insects and diseases. Thus, there is a constant need for the introduction of new type of insecticides in the market. Furthermore, growing demand for home insecticides and garden insecticides anticipated to flourish the growth of insecticides market during the forecast period. Different practices have come into existence such as pest management, organic farming, genetically modified crops and crop rotation. These practices may hamper the insecticides market in near future due their advanced and less toxic impact on the environment.

The global insecticides market is segmented based on product, crop type, and geography. On the basis of different types of product global insecticide market is segmented into pyrethroids, neonicotinoids, methyl carbamates, organophosphates and others. Organophosphate was the leading product segment, which accounted for more than 50% share of the global insecticides market in 2015. Pyrethroid has second largest usage in agriculture, as it is highly effective even when used in low quantities. On the basis of crop type insecticides market is categorized into cereals and grains, oilseeds & pulses, fruits & vegetables and others. 

Global Insecticides Market: Report Scope

Segment Analysis Preview  

On the basis of type, the Insecticides market is divided as Neonicotinoids, Pyrethroids, Organophosphates, Methyl Carbamates, Organophosphates and Others. Organophosphate segment is projected to dominate the insecticides market during the forecast period. It is used in agriculture, homes, gardens, and veterinary practices; however, several organophosphates have been discontinued for use in the past decade

Based on Crop Type, the Insecticides market is additionally segmented into Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Cereals & grains segment is projected to dominate the insecticides market during the forecast period.

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Regional Analysis Preview  

Asia pacific rules the global insecticides market and added up for over 40% share of the global insecticides market in 2020. Insecticides are broadly employed to control insects in Asia Pacific. This is because the area is a tropical region that provides the favorable conditions for growth of the insect. Asia pacific was chased by Europe and North America in terms of in general income created. The Middle East & Africa and Latin America are also likely to experience decent development for global insecticides market in the years to come.

Asia Pacific dominated the insecticides market in 2015.  It accounted for more than 40% share of the total revenue generated in the same year. One of the major factors for the market predominance in the Asian region is the constrained utilization of insecticides in the production of yields in both North America and Europe, as these regions are concentrating on harvesting genetically modified (GM) crops. Particularly in India, tropical climate and high production of cereals, such as paddy, cotton and others are driving the insecticides market. North America and Europe held almost equal share of the global insecticides market

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Key Market Players & Competitive Landscape

The major players operating Insecticides market are:- 

• Adama Agricultural Solutions Ltd
• BASF SE
• Bayer Cropscience AG
• DuPont, FMC Corporation
• Cheminova AS
• DOW Agroscience LLC
• Syngenta AG

The global Insecticides market is segmented as follows:

By Product

• Pyrethroids
• Neonicotinoids
• Methyl Carbamates
• Organophosphates
• Others

By Crop Types     

• Cereals and grains
• Oilseeds & pulses
• Fruits & vegetables
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa