Enjoy complimentary customisation on priority with our Enterprise License!
“The Insecticides Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 1.83 billion and CAGR of 2% by segment Type, Application and Geography during the forecast period 2020 to 2025”
Furthermore, this report extensively covers the smart home appliances market segmentation by type (organophosphorus compounds, pyrethroids, neonicotinoids, methyl carbamates, and others), application (cereal and grains, fruits and vegetables, pulses, oilseeds, and others), geography (APAC, South America, North America, Europe, and MEA). The market report also offers information on several market vendors, including BASF SE, Bayer AG, Corteva Inc., Dow Inc., FMC Corp., Nissan Chemical Corp., Nufarm Ltd., Sumitomo Chemical Co. Ltd., Syngenta AG, and UPL Ltd.
Download the Report Sample to Unlock the Smart Room Heater Market Size for the Forecast Period and Other Important Statistics
Technavio categorizes the Insecticides Market as a part of the Materials industry within the Chemicals industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the insecticides industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Insecticides Market Driver
One of the key factors driving growth in the market is the decline in per capita arable land. The global market is driven by the decrease in per capita arable land across the globe. The decline in arable land associated with the decline in total factor productivity (TFP) requires the application of agricultural pesticides to control the loss in the productivity of crops grown on the land that is available. For instance, arable lands have been declining at a rate of approximately 0.5% annually, owing to rapid urbanization. The surge in demand for food in Western Europe has led agriculturists to focus on developing plant health protection agents along with insecticides to improve, protect, and maintain the quality and quality of crop yields. Developing countries have witnessed a surge in demand for insecticides, followed by rising concerns over the fast-depleting availability of arable land. The demand for food in China has outpaced food production. Consequently, international insecticide manufacturers have been focusing more on catering to the demand of the rising population in China. The proper use of insecticides can help produce high-quality grains with minimal yield losses. For instance, in the US, soybeans, corn, and wheat farming will face yield losses of 70%-75% without the use of insecticides, which has fueled the demand for insecticides for applications in high-yield, protein-rich crops. Hence, these factors will drive the global market during the forecast period.
Key Insecticides Market Challenge
Health concerns over the use of hazardous chemicals in insecticides will be a major challenge for the market during the forecast period. Farmers and their families are highly vulnerable to the toxic chemicals used in insecticides and pesticides, which can cause deadly diseases. As per Technavio's analysis, there has been a rise in the prevalence of cardiovascular diseases by 40%, leukaemia and lymphoma by 80%, and prostate cancer among male farmers by 136%. It was observed that children who continuously come in contact with insecticides and pesticides are twice likely to develop brain cancer than others who do not live in close proximity to pesticides. Another study suggests healthy American farmers faced surprising incidents of leukaemia, Hodgkin's disease, non-Hodgkin lymphoma, and other forms of cancer. A medical condition known as multiple chemical sensitivity (MCS) is characterized by the human body's inability to tolerate comparatively low exposure to chemicals. It is also known as environmental illness and is triggered by exposure to pollutants and certain chemicals. Exposure to insecticides and pesticides is a common reason for acquiring MCS, which is characterized by symptoms like dizziness, cardiovascular problems, and muscle and joint pains. Hence, the adverse impact of agricultural insecticides on users and their families will hamper the growth of the market in focus during the forecast period.
Our report provides extensive information on the value chain analysis for the insecticides market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
BASF SE - The company offers insecticides under the brand, Inscalis. Through the Agricultural Solutions segment, the company offers crop protection products, seeds, and digital solutions. The portfolio of products offered by the company includes fungicides, herbicides, insecticides, and biological crop protection products, as well as seeds and seed treatment products.
The report on Insecticides Market analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
For more insights on the market share of various regions Request PDF Sample now!
62% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for insecticides in APAC. Market growth in this region will be faster than the growth of the market in the South American regions.
APAC was the largest region in terms of the consumption of insecticides in 2020. Rapid population growth and the growth in the per capita income of individuals have increased the consumption of food products in this region. Countries such as India and China need to increase their crop yield to meet the growing demand for food. The growth in agricultural activities in APAC countries such as India and China is the main factor driving the demand for insecticides. China, India, Indonesia, and Pakistan exhibit a high demand for insecticides. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Market growth in the region in 2020 was affected by the COVID-19 pandemic. For instance, in April 2020, the Government of India announced a plan that would permit the import and export of agricultural pesticides, which include insecticides. Also, in March 2020, the Government of India exempted several services linked to the agricultural sector from the lockdown provisions. Hence, these factors can influence the accelerated growth of the market during the forecast period. The outbreak of COVID-19 in the region is expected to lead to the growth of the regional market during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The market share growth by the organophosphorus compounds segment will be significant during the forecast period. which causes nervous and respiratory damage that results in the death of insects. Like other agricultural inputs, the organophosphorus market is driven by the need to increase crop yield and efficiency to meet the growing demand for food. These factors, coupled with the widespread availability and the high performance and efficacy of organophosphorus insecticides against insects, will lead to the growth of the market during the forecast period. However, the high level of toxicity of the chemicals to the environment has led to the framing of regulatory standards on the use of organophosphorus insecticides in many regions.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Insecticides Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2% |
Market growth 2021-2025 |
$ 1.83 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.10 |
Regional analysis |
APAC, South America, North America, Europe, and MEA |
Performing market contribution |
APAC at 62% |
Key consumer countries |
China, India, US, Brazil, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BASF SE, Bayer AG, Corteva Inc., Dow Inc., FMC Corp., Nissan Chemical Corp., Nufarm Ltd., Sumitomo Chemical Co. Ltd., Syngenta AG, and UPL Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.